Latest news with #BrazilianConfederationofNationalIndustry
The Sun
05-07-2025
- Business
- The Sun
Lula confirms ASEAN Summit attendance, urges Brazil biz to seize opportunities
RIO DE JANEIRO: Brazilian President Luiz Inacio Lula da Silva has officially confirmed his attendance at the 47th ASEAN Summit and Related Summits in Kuala Lumpur this October. His participation follows an earlier invitation extended by Malaysian Prime Minister Datuk Seri Anwar Ibrahim. Speaking at the BRICS Business Forum opening, Lula expressed gratitude for the invitation and stressed the importance of proactive engagement. 'I would like to convey my sincere thanks to the Prime Minister of Malaysia for this invitation. I will participate in the ASEAN Summit in Kuala Lumpur this October,' he said. Lula urged Brazilian entrepreneurs to prepare for the summit, highlighting its significance as a key business platform. 'I invite Brazilian businessmen and women to get ready to travel to Malaysia, those who want to sell should go, and those who want to buy should also attend. Don't just wait and expect things to happen,' he added. Prime Minister Anwar Ibrahim also addressed the forum with a speech titled 'Bridging Continents, Building Future: A Shared Agenda for Sustainable Progress. ' The event was attended by Brazil's Vice President Geraldo Alckmin and Ricardo Alban, President of the Brazilian Confederation of National Industry (CNI). Malaysia's presence at the 17th BRICS Leaders' Summit is notable as it holds the ASEAN 2025 chairmanship and recently attained BRICS Partner Country status on Jan 1, 2025. The summit will bring together leaders from BRICS member and partner nations for the first time. - Bernama
The Sun
05-07-2025
- Business
- The Sun
ASEAN boosts local currency trade for financial stability, says PM Anwar
KUALA LUMPUR: ASEAN is reforming its trade practices by increasing the use of local currencies among member nations to build a more stable financial system free from unilateral dominance, Prime Minister Datuk Seri Anwar Ibrahim announced. Speaking at the BRICS Business Forum in Rio de Janeiro, Anwar emphasised that while full de-dollarisation remains distant, ASEAN nations—including Malaysia, Indonesia, Thailand, and China—have begun adopting local currencies for trade. 'Even if it starts with just 10 or 20 per cent of trade volume, it makes a difference. We cannot keep complaining without taking action,' he said. The forum, themed 'Bridging Continents, Building Future: A Shared Agenda for Sustainable Progress,' also saw attendance from Brazilian President Luiz Inácio Lula da Silva, Vice President Geraldo Alckmin, and Ricardo Alban, President of the Brazilian Confederation of National Industry. - Bernama
New Straits Times
05-07-2025
- Business
- New Straits Times
Asean is reforming the way it trades by increasing using local currencies to ensure stability
KUALA LUMPUR: Asean has taken steps to reform the grouping by not only increasing trade among the member countries but also the use of local currencies in trade as a concrete way toward a more stable financial system free of unilateral domination, Prime Minister Datuk Seri Anwar Ibrahim said today. "Of course, we are not talking about de-dollarisation yet, that's still a long way to go. But at least we are trying. Malaysia, together with Indonesia, Thailand, and China, we are beginning to use our currencies, even if it starts with just 10 or 20 per cent of the trade volume. "It makes a difference because we cannot keep complaining without executing our plans, both among ourselves and with our friendly neighbours," he said at the BRICS Business Forum entitled: 'Bridging Continents, Building Future: A Shared Agenda for Sustainable Progress' in Rio De Janeiro, Brazil today. Also present were Brazilian President Luiz Inácio Lula da Silva, Vice-President Geraldo Alckmin and Brazilian Confederation of National Industry (CNI) president Ricardo Alban. Anwar stressed that Southeast Asian nations must uphold the principle of centrality, befriending all and supporting just causes, while moving beyond rhetoric, political platitudes and empty statements through concrete action. He also noted that emerging economies are gaining strength in areas such as aviation, technology, artificial intelligence and food innovation. "I believe that this attempt by BRICS will be of some significant success that would alter and cause a change in the course of the history of mankind. "We often discuss similar issues within Asean. We must be cohesive and speak as one based on multilateral arrangements," said Anwar. The Prime Minister also emphasised that BRICS and Asean members must continue to strengthen strategic cooperation, including enhancing cross-regional trade and investment for the shared benefit of developing countries.
Borneo Post
05-07-2025
- Business
- Borneo Post
Anwar: Asean moving towards local currency use in trade
Anwar says it is a concrete way toward a more stable financial system free of unilateral domination. – Bernama photo KUALA LUMPUR (July 5): Asean has taken steps to reform the grouping by not only increasing trade among the member countries but also the use of local currencies in trade as a concrete way toward a more stable financial system free of unilateral domination, Prime Minister Datuk Seri Anwar Ibrahim said today. 'Of course, we are not talking about de-dollarisation yet, that's still a long way to go. But at least we are trying. Malaysia, together with Indonesia, Thailand, and China, we are beginning to use our currencies, even if it starts with just 10 or 20 per cent of the trade volume. 'It makes a difference because we cannot keep complaining without executing our plans, both among ourselves and with our friendly neighbours,' he said at the BRICS Business Forum entitled: 'Bridging Continents, Building Future: A Shared Agenda for Sustainable Progress' in Rio De Janeiro, Brazil today. Also present were President of Brazil Luiz Inácio Lula da Silva, Vice President of Brazil Geraldo Alckmin and President of the Brazilian Confederation of National Industry (CNI) Ricardo Alban. – Bernama anwar ibrahim asean dollar local currency trade
