Seven countries postponed signing an accord to establish the Asian Infrastructure Investment Bank (AIIB) when the signing ceremony was held in Beijing on Monday.
Fifty-seven founding member countries of the AIIB, which will soon be established under the initiative of China, attended the ceremony in the Great Hall of the People. However, delegates of seven countries, including the Philippines, did not sign the accord to establish the new international financial institute.
The Philippines has been clashing with China over territorial claims in the South China Sea, and bilateral relations have worsened as China has unilaterally moved ahead with its reclamation work in the area.
Sources said this led to the Philippines postponing its signing.
According to the sources, the Philippine authorities in charge of the issue displayed no intention of leaving the AIIB scheme. The Philippine side said the country will continue considering whether it will ultimately join the AIIB.
This is because an escalation in the friction with China could harm the Philippine economy.
Denmark, Kuwait, Malaysia, Poland, South Africa and Thailand also did not sign the accord.
An official of China's Finance Ministry said, "Some countries that have not finished the procedure can sign the accord by the end of this year."
The ceremony was attended by delegates of all the 57 countries. Chinese Finance Minister Lou Jiwei told the delegates: "This is an important step toward the establishment of the AIIB. I express my gratitude for your cooperation."
After each of the countries finishes domestic procedures for approval, the AIIB will likely start operations this year.
The AIIB aims to provide funds necessary to improve infrastructure in Asia, mainly to countries close to China. Chinese President Xi Jinping proposed the establishment of the AIIB in October 2013.
The Washington Post
Tue Jun 30 2015
Chinese President Xi Jinping proposed the establishment of the AIIB in October 2013
Dua warga emas maut, kereta terbabas bertembung lori ikan
Perjalanan tiga sahabat untuk belajar agama di sebuah Pusat Pengajian Pondok bertukar tragedi apabila dua daripadanya maut.
Jentayu dapat kelulusan ambil alih aset Telekosang Hydro, Jentayu Solar
Syarikat senaraian Pasaran Utama, Jentayu Sustainables Bhd menerima kelulusan utama bersyarat dengan Suruhanjaya Sekuriti Malaysia (SC) bagi memperoleh aset Telekosang Hydro dan Jentayu Solar, yang akan memacu kumpulan itu menjadi pemain tenaga boleh diperbaharui.
LTAT umum pelantikan Pengerusi, Ketua Eksekutif baharu
Lembaga Tabung Angkatan Tentera (LTAT) melantik Jeneral Tan Sri Azizan Ariffin sebagai Pengerusi dan Mohammad Ashraf Md Radzi sebagai Ketua Eksekutif yang baharu berkuat kuasa Isnin ini.
BMI unjur harga minyak brent AS$85 setong 2024, AS$82 2025
BMI mengekalkan unjuran semasa harga minyak mentah Brent pada purata US$85 setong bagi 2024, tetapi menyemak semula unjuran bagi 2025 dengan menurunkannya kepada US$82 setong daripada US$84 setong sebelumnya.
SC tingkat standard tatalaku pengantara pasaran modal
Suruhanjaya Sekuriti Malaysia (SC) mengeluarkan Garis Panduan mengenai Tatalaku untuk Pengantara Pasaran Modal (Garis Panduan) yang disemak.
PETRONAS dagangan tumpu sektor serbaneka, mobiliti rendah karbon
PETRONAS Dagangan Bhd (PDB) cabang pemasaran Petronas untuk produk Petroleum dan stesen berperkihdmatan akan memberi tumpuan untuk berkembang kepada sektor serbaneka serta menyediakan penyelesaian mobiliti rendah karbon kepada pelanggannya
Anwar jumpa ketua cabang selepas hari raya selesai kemelut PKR Sabah
Presiden PKR, Datuk Seri Anwar Ibrahim akan mengadakan sesi konsultasi dengan semua ketua cabang di Sabah selepas hari raya nanti untuk mencari formula terbaik mengatasi pergolakan yang berlaku.
Kaedah ROSA di KPJ kurangkan kecederaan, pendekkan masa pemulihan
Sebanyak 206 prosedur pembedahan ganti sendi lutut berjaya dilakukan menggunakan teknologi canggih Pembantu Pembedahan Robotik (ROSA) di Hospital Pakar KPJ, Kuching sejak Ogos lalu.
Pantau Agenda Reformasi: Bagaimana data PADU akan menambah baik penggubalan dasar?
Memahami keperluan untuk daftar PADU.
Dr. Hadhrami Bin Ab Ghani, Timbalan Dekan Fakulti Sains Data dan Komputeran UMK
Dr. Hadhrami Bin Ab Ghani, Timbalan Dekan Fakulti Sains Data dan Komputeran UMK
Selepas 50 tahun, bubur lambuk tetel Masjid Jorak Elahi tetap diminati
Bubur lambuk tetel Masjid Jamek Jorak Elahi, Bukit Pasir, yang diagihkan secara percuma sentiasa ditunggu-tunggu penduduk sekitar sini apabila tibanya Ramadan.