logo
Malaysia Chairs 50th ASEAN Audit Committee Meeting In Jakarta

Malaysia Chairs 50th ASEAN Audit Committee Meeting In Jakarta

Barnama13-06-2025
PUTRAJAYA, June 13 (Bernama) -- Malaysia is chairing the 50th ASEAN Audit Committee (AAC) Meeting today in Jakarta, Indonesia.
The meeting, which brings together representatives from the 10 ASEAN member states, is chaired by Auditor-General Datuk Seri Wan Suraya Wan Mohd Radzi in her capacity as Chair of the ASEAN Audit Committee.
The National Audit Department (NADM) in a statement today, said during the AAC meeting, the audited financial statements, operational assessments, risk management systems and internal controls of the ASEAN Secretariat are reviewed, followed up on and evaluated for potential improvement.
'Additionally, the meeting reviews the Annual Audit Plan and the Internal Audit Report related to the operations of the ASEAN Secretariat, ensuring continuous improvements are made to enhance the effectiveness of internal controls and operational efficiency.
'As Chair of the meeting, Malaysia is fully committed to playing an active and leading role in upholding the principles of transparency, accountability and integrity. These efforts aim to strengthen stakeholder's trust and bolster ASEAN's resilience, in alignment with the theme of Malaysia's ASEAN Chairmanship 2025, 'Inclusivity and Sustainability',' the statement added.
With the collaborative support of all ASEAN Member States, this meeting is set to play a pivotal role in enhancing the governance of financial management within the ASEAN Secretariat.
The outcome of AAC Meeting will be presented to the Committee of Permanent Representatives to ASEAN (CPR).
-- BERNAMA
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Laos makes global call for stronger domestic resource mobilisation
Laos makes global call for stronger domestic resource mobilisation

The Star

timean hour ago

  • The Star

Laos makes global call for stronger domestic resource mobilisation

Deputy Prime Minister Saleumxay Kommasith addresses the 4th International Conference on Financing for Development in Seville, Spain. VIENTIANE: The government has called for greater efforts to strengthen domestic resource mobilisation as a key step towards achieving sustainable development and reducing reliance on foreign aid. Speaking at the 4th International Conference on Financing for Development in Seville, Spain, taking place from June 30 to July 3, Deputy Prime Minister Saleumxay Kommasith said Laos is reforming its public finance system and increasing tax collection through digital technology, human resource development, and improved budget management. The government has set an ambitious target to raise tax revenue to 20 percent of gross domestic product by 2030. In the first six months of this year, tax collection rose by 4.3 percent and accounted for 11.7 percent of GDP, according to a report presented at the National Assembly's recent ordinary session. During the conference, Saleumxay addressed a high-level roundtable meeting on domestic resource mobilisation and allocation. He said that for least developed countries such as Laos, building effective tax systems is vital to meeting national development needs and reducing reliance on external loans and grants. He urged development partners and the international community to provide greater financial and technical support, including help to strengthen human resources and international tax cooperation, to enhance domestic financing capacity. The deputy prime minister also spoke during the conference's general debate, delivering remarks on behalf of Asean and Laos. He expressed strong support for the adoption of the Seville Commitment, the final outcome document of the conference, which lays out shared goals to close financing gaps, tackle inequality, and drive progress towards the 2030 Sustainable Development Agenda. Saleumxay reaffirmed Asean's priorities in building future-ready economies through inclusive participation and sustainability, upholding multilateral trade under World Trade Organisation rules, and advancing regional industrial development and energy connectivity. He highlighted Laos' ongoing efforts to graduate from Least Developed Country status and pursue closer integration with the regional and global economy. Laos is aligning its national strategies with international development goals, he said, and called for continued support from global partners to ensure long-term progress. The conference brings together leaders and representatives from 179 countries. Previous meetings took place in Mexico in 2002, Qatar in 2008, and Ethiopia in 2015. The opening ceremony on June 30 was graced by His Majesty King Felipe VI of Spain, who delivered an address. The meeting then continued under the co-chairmanship of Spain's Prime Minister, Pedro Sanchez, and United Nations Secretary-General Antonio Guterres. The Seville Commitment was officially adopted and will serve as a roadmap for future international cooperation in financing sustainable development. - Vientiane Times/ANN

India backs Malaysia's ASEAN vision, strengthens Myanmar ties
India backs Malaysia's ASEAN vision, strengthens Myanmar ties

The Sun

time2 hours ago

  • The Sun

India backs Malaysia's ASEAN vision, strengthens Myanmar ties

KUALA LUMPUR: India has pledged strong backing for Malaysia's role as ASEAN Chair this year, endorsing its emphasis on regional stability and growth. High Commissioner of India to Malaysia, B.N. Reddy, affirmed the alignment with Malaysia's ASEAN priorities during an interview with Bernama TV. Reddy stated, 'India is keen to align with the core themes of Malaysia's ASEAN Chairmanship - 'Inclusivity and Sustainability', as well as ASEAN Centrality.' He further stressed India's interest in boosting connectivity with ASEAN via Myanmar, adding, 'We would like to see a prosperous and stable Myanmar, which is where our alignment comes with ASEAN.' The diplomat noted that ASEAN-India relations have progressed to a comprehensive strategic partnership. India's delegation will participate in the upcoming ASEAN Foreign Ministers' Meeting (AMM) in Kuala Lumpur with a constructive approach. Pabitra Margherita, India's Minister of State for External Affairs, is set to attend, outlining India's regional agenda ahead of the ASEAN-India Summit in October. On bilateral relations, Reddy highlighted Malaysia's growing global influence and regional responsibilities. He pointed to the deep cultural and economic links, with Malaysia home to the largest Indian diaspora outside the U.S., exceeding two million people. 'A partner country like Malaysia is very significant for us. We call Malaysia part of our extended neighbourhood,' he said.

Invest Asean-Malaysia 2025 Conference to run from tomorrow to July 3
Invest Asean-Malaysia 2025 Conference to run from tomorrow to July 3

The Star

time2 hours ago

  • The Star

Invest Asean-Malaysia 2025 Conference to run from tomorrow to July 3

PETALING JAYA: The Invest Asean-Malaysia 2025 Conference expects to attract more than 1,500 delegates, including foreign fixed income, equity and private equity investors with a combined asset under management (AUM) of over US$13.6 trillion or RM57.7 trillion. The event, which will be held in Kuala Lumpur from tomorrow to July 3, will be jointly hosted by Bursa Malaysia in collaboration with Malayan Banking Bhd (Maybank). The conference comprises a plenary and two days of corporate access showcasing 71 corporates from Asean, including 30 from Malaysia, with a total market capitalisation of US$382.6bil or RM1.62 trillion. It is themed 'Driving Asean Integration through Malaysia's Economic Resilience – Capital, Collaboration, Connections', Bursa Malaysia and Maybank stated in a statement. The three-day conference will bring together corporate leaders, policymakers and institutional investors from across the region to chart the next chapter of Asean's economic ascent. 'The country's Asean Chairmanship this year presents a unique opportunity to champion deeper regional integration. 'Through this flagship conference, we reaffirm Malaysia's value proposition and leadership towards this regional ambition. 'As the national exchange, Bursa Malaysia is committed to cultivating a dynamic and competitive capital market – one that not only drives Malaysia's economic growth, but also reinforces Asean's continued progress,' Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said. Delegates will also have the opportunity to join a series of curated thematic site visits, offering them first-hand look at Malaysia's investment ready growth corridors and key industries.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store