The Latest: China's premier urges reassurances for markets

U.S. Vice President Mike Pence talks to the press during the 33rd ASEAN Summit in Singapore, Thursday, Nov. 15, 2018. America has a steadfast and enduring commitment to the Indo-Pacific region but wants cooperation, not control, U.S. Vice President Mike Pence said Thursday in comments to a Southeast Asian summit that carried a veiled swipe at China's growing influence. (AP Photo/Bernat Armangue)
U.S. Vice President Mike Pence delivers his opening statement at the start of the ASEAN-US Summit in the ongoing 33rd ASEAN Summit and Related Summits Thursday, Nov. 15, 2018, in Singapore. (AP Photo/Bullit Marquez)
Chinese Premier Li Keqiang, left, delivers his statement at the ASEAN Plus Three Summit in the ongoing 33rd ASEAN Summit and Related Summits Thursday, Nov. 15, 2018, in Singapore. At right is South Korean Foreign Minister Kang Kyung-wha, who represented South Korean President Moon Jae-in. (AP Photo/Bullit Marquez)

SINGAPORE — The Latest on the summit of the Association of Southeast Asian Nations, which ends Thursday in Singapore (all times local):

2:35 p.m.

Chinese Premier Li Keqiang (LEE KUH'-chiang) has told fellow Asian leaders the region needs to send a strong positive message to markets about sticking to trade rules and open markets.

Li spoke Thursday at a summit of the Association of Southeast Asian nations. He also reassured China's neighbors that Beijing's "Belt and Road" infrastructure initiative will help support peace and stability in the region.

Li says the region needs to "take concrete action to uphold the rules-based free trade regime and to send a message — a positive message — to the market to provide stable, predictable and law-based conditions for the market."

His comments come amid mounting concern over debts associated with projects financed by Beijing that are part of the effort to nurture trade and logistics networks linked to China.

___

1:35 p.m.

U.S. Vice President Mike Pence says another U.S.-North Korean summit between President Donald Trump and North Korean leader Kim Jong Un is likely after the beginning of the year.

Pence said Thursday that the meeting would "put details on paper" for denuclearization on the Korean Peninsula and the U.S. would continue putting "maximum pressure" on North Korea until then.

Pence spoke on the sidelines of a Southeast Asian summit in Singapore.

He also says Trump plans to discuss Beijing's unique role regarding North Korea when he meets with Chinese President Xi Jinping in Argentina at the G-20 summit later this month. He says the U.S. is also working very closely with South Korea and respects the talks it is holding with Pyongyang.

___

10:05 a.m.

U.S. Vice President Mike Pence says America has a steadfast and enduring commitment to the Indo-Pacific region but wants cooperation, not control.

Pence, who is standing in for President Donald Trump, told a summit of Southeast Asian leaders Thursday in Singapore that "empire and aggression have no place" in the region. The comment appeared to allude to growing Chinese sway in the region and its vast claims in the South China Sea.

Pence said, "Like you, we seek an Indo-Pacific in which all nations, large and small, can prosper and thrive - secure in our sovereignty, confident in our values, and growing stronger together."

The meetings of the 10-nation Association of Southeast Nations focus on enhanced trade and security in a region of more than 630 million people.

Indonesia lifts threat to ban encrypted app...

Aug 1, 2017

Indonesia's information technology minister says the government will allow the encrypted messaging...

Villagers race to save Bali cows from volcanic...

Sep 30, 2017

Bali's gently lowing cows, prized for their hardiness and doe-like temperament, won't become...

Qatar's leader urges end to trade embargo, calls...

Oct 18, 2017

Qatar's emir has urged neighboring states to lift an "unfair" 4-month-old trade embargo and said...

Tens of thousands stranded as Bali volcano closes...

Nov 27, 2017

Indonesian authorities ordered a mass evacuation of people from an expanded danger zone around an...

The Latest: Indonesia says 100,000 should leave...

Nov 27, 2017

Indonesia's Disaster Mitigation Agency says as many as 100,000 villagers need to leave the expanded...

Penggerak pasaran mengikut TradingView

About Us

Duniaga is Malaysia’s top local source for business news and information where people head to stay connected with the business news. We give daily in-depth analysis on the business happenings in the country.

Contact us: sales[at]duniaga.com

Subscribe Now!