Malaysia, Indonesia to seek resolution of sea disputes

krafty

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TITLE: Malaysia, Indonesia to seek resolution of sea disputes

POSTED: 06 Feb 2015 13:59
URL: http://www.channelnewsasia.com/news/asiapacific/malaysia-indonesia-to/1641230.html

The leaders of Malaysia and Indonesia have pledged to resolve long-standing territorial disputes that have dogged bilateral ties between the two neighbours.
PUTRAJAYA: The leaders of Malaysia and Indonesia on Friday (Feb 6) pledged renewed efforts to resolve stubborn disputes over maritime borders that have long nagged at one of Southeast Asia's most important bilateral relationships.

Malaysian Prime Minister Najib Razak and visiting Indonesian President Joko Widodo revealed the plans in a joint press briefing after talks earlier in the day.

"We are committed to establishing an additional mechanism to resolve the outstanding (territorial) issues," Najib said at the briefing in Putrajaya, just outside the capital Kuala Lumpur. He said the effort was necessary because years of negotiations had seen "no significant advancement."

The tension has centred on competing claims to potentially energy-rich seabeds in the Celebes Sea off the eastern coast of the vast island of Borneo, which the two nations share along with tiny Brunei. But they also have disputed maritime borders in other spots, and Indonesia has lately sought to crack down on illegal fishing in its waters, using explosives to destroy and sink a number of foreign vessels caught in the act, including from Malaysia. Widodo said maritime disputes had "lingered for too long."

Widodo's two-day stay is his first official bilateral trip abroad since taking office late last year and the choice of Malaysia appeared to underline the mutually-held importance of steady relations between two countries that sprawl across vital Southeast Asian sea lanes.

But another frequent bone of contention - poor treatment of the hundreds of thousands of Indonesian maids working in Malaysia - was highlighted just before Widodo arrived. Indonesia's embassy in Kuala Lumpur said it had formally protested this week over an advertisement by a Malaysian distributor of automatic vacuum cleaners that said users of the product can "Fire your Indonesian maid now!"

Widodo will visit a factory run by Malaysian national car manufacturer Proton later on Friday, after Najib last year revived a decades-old proposal for a jointly produced "ASEAN car", referring to the 10-member Association of Southeast Asian Nations.

Widodo has expressed interest in the idea, which would seek to capitalise on a booming regional car market as incomes rise. The proposal is considered to be very preliminary and it remains unclear whether it would gain traction.

- AFP/rw
 
they become ah bung, ah leh, sinkies should worry...what if they gang up on us, we are surrounded by muslim countries.:*:
 
Indonesia plans tax amnesty to lure money back from Singapore


JAKARTA (Bloomberg) - President Joko Widodo is planning a tax amnesty in a bid to convince Indonesians to bring back funds held offshore as he seeks to narrow the current-account deficit.
The government will revise rules so people repatriating money won't have to pay tax on it and will also give companies a tax break to keep funds onshore, Finance Minister Bambang Brodjonegoro told lawmakers in Jakarta on Thursday. The changes, which will need parliamentary approval, are the ministry's top priority for 2015, he said.
Many wealthy Chinese Indonesians moved funds to Singapore after ethnic riots in 1998, and the city-state's private banks also offer a wider range of financial products than Indonesian lenders. The president, known as Jokowi, wants to revive an economy growing at its slowest pace in five years and narrow a current-account deficit that is weighing on the rupiah.
"It is a very good move, but we need to wait and see on whether this will really be effective in attracting the money back to Indonesia," said Eric Sugandi, an economist at Standard Chartered Plc in Jakarta. "The Indonesian savers in Singapore will also take other considerations, such as the safety of their money, choices of investment instruments, and relationships with local fund managers."
 
Asshole Mahathir now a driver ... to Jokowi
Another big chance to reap mega buck corruption money!!
 
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