VOI, Jakarta - Indonesia's membership of the Financial Action Task Force (FATF) will have a positive impact on the country's economic credibility, according to Finance Minister Sri Mulyani Indrawati.
"Indonesia's membership of the FATF can increase positive perceptions of the Indonesian financial system, which will have an impact on rapid economic growth through investment, both domestic and foreign," she explained here on Thursday.
Indrawati informed that her ministry will strengthen the budget side to support Indonesia's leadership role in the FATF as well as bolster supervisory human resources and supervision of the accounting profession, especially concerning money laundering and terror financing.
In addition, the ministry will carry out mutual legal assistance (MLA) with other countries.
This will be pursued in order to reduce the chance of tax avoidance and increase the number and quality of assessors and reviewers from Indonesia who can join and play an active role in the FATF mutual evaluation review (MER) team.
Indonesia's membership of the FATF was announced by the task force's president during the closing of a plenary meeting in Paris on October 27, 2023.
FATF is an international organization that focuses on global efforts to eradicate money laundering, terror funding, and the financing of the proliferation of weapons of mass destruction.
Indonesia obtained its membership after a series of tests, which included an on-site MER by an FATF team in July–August 2020 and a review carried out at an FATF plenary meeting in June 2023.
It is hoped that as a full member, Indonesia will make a broad contribution to determining global strategic policies to check money laundering and prevent terror funding as well as the financing of the proliferation of weapons of mass destruction.
This contribution could further emphasize Indonesia's position as a country with integrity that is capable of making an active contribution on the international stage.
The achievement of the FATF membership is a first step for Indonesia in continuing to improve the framework to curb money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction.(Antaranews)
VOI, Jakarta - Thousands of people swamped Pakistan's main northwestern border crossing seeking to cross into Afghanistan on Thursday, a day after the government's deadline expired for undocumented foreigners to leave or face expulsion.
Pakistani authorities began rounding up undocumented foreigners, most of them Afghans, hours before Wednesday's deadline. More than a million Afghans could have to leave or face arrest and forcible expulsion as a result of the ultimatum delivered by the Pakistan government a month ago.
Scrambling to cope with the sudden influx, the Taliban-run administration in Afghanistan said temporary transit camps had been set up, and food and medical assistance would be provided, but relief agencies reported dire conditions across the border.
"The organisations' teams stationed in the areas where people are returning from Pakistan have reported chaotic and desperate scenes among those who have returned," the Norwegian Refugee Council, Danish Refugee Council and International Rescue Committee said in a joint statement.
The Pakistani government has brushed off calls from the United Nations, rights groups and Western embassies to reconsider its expulsion plan, saying Afghans had been involved in Islamist militant attacks and in crime that undermined the security of the country.
More than 24,000 Afghans crossed the northwestern Torkham crossing into Afghanistan on Wednesday alone, Deputy Commissioner Khyber Tribal District Abdul Nasir Khan said. "There were a large number waiting for clearance and we made extra arrangements to better facilitate the clearance process."
Authorities had worked well into the night at a camp set up near the crossing, he added. The border, at the northwestern end of the Khyber Pass on the road between Peshawar in Pakistan and Jalalabad in Afghanistan, is usually closed by sundown.
Khan said 128,000 Afghans had left through the crossing since the Pakistani government issued its directive.
Others were crossing the border at Chaman, in Pakistan's southwestern province of Balochistan.
Major roads leading to border crossings were jammed with trucks carrying families and whatever belongings they could carry.
Aid agencies estimated the number of arrivals at Torkham had risen from 300 people a day to 9,000-10,000 since last month's expulsion decree.
Some Afghans who have been ordered to leave have spent decades in Pakistan, while some have never even been to Afghanistan, and wonder how they can start a new life there.
Of the more than 4 million Afghans living in Pakistan, the government estimates 1.7 million are undocumented.
Many fled during the decades of armed conflict that Afghanistan suffered since the late 1970s, while the Islamist Taliban's takeover after the withdrawal of U.S.-led coalition forces in 2021 led to another exodus.
Aid agencies warned that the mass movement of people could tip Afghanistan into yet another crisis and expressed "grave concerns" about the survival and reintegration of the returnees, particularly with the onset of winter.
International humanitarian funding for Afghanistan dried up after the Taliban took over and imposed restrictions on women.
Over 1,500 undocumented Afghans were being brought to the southwestern Chaman crossing after being rounded up in police raids in different areas of Pakistan, including the major port Karachi, Balochistan Information Minister Jan Achakzai said.
People crossing from Chaman into Afghanistan's Spin Boldak have run into trouble finding transport to their final destinations, said Ismatullah, a bus service operator.
"A huge number of people are coming from Karachi but face a shortage of buses and trucks," he told Reuters by phone from Spin Boldak. "Obviously in such situations the fares have increased. The (Afghan) government is helping people according to its ability, but it is not enough." (Reuters)
VOI, Jakarta - Malaysia is scouting for foreign investors in high-value industries such as electric vehicles, semiconductors and carbon capture, its trade and investment minister said on Thursday.
Malaysia is long known to be a manufacturing hub, and is now hoping to move up the value chain on well-established industries such as energy and electricals.
"We need to look at the right kind of investment. Because some of the investment does not bring in the kind of spillover that we want," Tengku Zafrul Aziz told Reuters in an interview.
Malaysia is eyeing new areas such as carbon capture, usage and storage because it has a lot of oil wells, and supplying components for electric vehicles (EVs), Tengku Zafrul said.
EVs are a "natural progression" for Malaysia, which has an established electrical and electronics industry, especially in semiconductor chips, he said.
"That's why we are pushing very hard because we supply many of the components to the car," Tengku Zafrul said. Each electric vehicle is estimated to have over 1,400 chips.
Even in the semiconductor industry, Malaysia wants to develop beyond assembly and testing, he said. The country is a major player in the semiconductor industry, accounting for about 13% of global testing and packaging.
"We want to move to front end, which is integrated circuit design and wafer fabrication," he said.
Malaysia is also eyeing the aerospace, petrochemicals, digital economy and pharmaceutical industries for foreign investments.(Reuters)
VOI, Jakarta - Philippine authorities were trying to track the whereabouts of six Chinese nationals who were abducted in the capital region this week, police said on Thursday.
Police anti-kidnapping chief Cosme Abrenica said authorities were investigating the abduction of nine people on Monday in an upscale neighbourhood in southern Metro Manila. Six of the victims were Chinese, who remain missing, and three were Filipino who were released shortly after they were abducted.
"We have no information if it's kidnap-for-ransom, kidnapping or what the motive is. We haven't established it yet," Abrenica said.
Abrenica did not disclose the identities of the victims or give any details on their status in the Philippines.
Philip Aguilar, the police chief of Calauan town where the Filipino victims were recovered, said one of the survivors told them the kidnappers had barged into their home before dawn on Monday.
The Chinese embassy in Manila said it had noted a request from Reuters for comment.
While police said the motive for this week's kidnapping was not known, China has in the past complained to the Philippines about its citizens being lured to work in online gaming firms and then being cheated, extorted and exposed to “modern slavery”. (Reuters)