AGL 40.10 Increased By ▲ 0.10 (0.25%)
AIRLINK 132.25 Increased By ▲ 2.72 (2.1%)
BOP 6.83 Increased By ▲ 0.15 (2.25%)
CNERGY 4.55 Decreased By ▼ -0.08 (-1.73%)
DCL 8.90 Decreased By ▼ -0.04 (-0.45%)
DFML 42.60 Increased By ▲ 0.91 (2.18%)
DGKC 84.31 Increased By ▲ 0.54 (0.64%)
FCCL 32.85 Increased By ▲ 0.08 (0.24%)
FFBL 77.20 Increased By ▲ 1.73 (2.29%)
FFL 12.10 Increased By ▲ 0.63 (5.49%)
HUBC 110.25 Decreased By ▼ -0.30 (-0.27%)
HUMNL 14.43 Decreased By ▼ -0.13 (-0.89%)
KEL 5.56 Increased By ▲ 0.17 (3.15%)
KOSM 8.40 No Change ▼ 0.00 (0%)
MLCF 39.50 Decreased By ▼ -0.29 (-0.73%)
NBP 63.57 Increased By ▲ 3.28 (5.44%)
OGDC 199.48 Decreased By ▼ -0.18 (-0.09%)
PAEL 26.30 Decreased By ▼ -0.35 (-1.31%)
PIBTL 7.63 Decreased By ▼ -0.03 (-0.39%)
PPL 159.25 Increased By ▲ 1.33 (0.84%)
PRL 26.28 Decreased By ▼ -0.45 (-1.68%)
PTC 18.48 Increased By ▲ 0.02 (0.11%)
SEARL 81.41 Decreased By ▼ -1.03 (-1.25%)
TELE 8.11 Decreased By ▼ -0.20 (-2.41%)
TOMCL 34.39 Decreased By ▼ -0.12 (-0.35%)
TPLP 8.93 Decreased By ▼ -0.13 (-1.43%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.32 Decreased By ▼ -2.00 (-3.26%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.41 Increased By ▲ 0.03 (2.17%)
BR100 10,602 Increased By 195.1 (1.87%)
BR30 31,820 Increased By 106.2 (0.33%)
KSE100 98,917 Increased By 1588.6 (1.63%)
KSE30 30,798 Increased By 605.8 (2.01%)

TOKYO: Japan and Malaysia signed a security assistance deal on Saturday including a grant of 400 million yen ($2.8 million) to boost Malaysia’s maritime security, as Asian nations seek to counter an increasingly assertive China.

Japan will provide equipment such as rescue boats and supplies under the official security assistance deal, signed by the two countries’ foreign ministers on the sidelines of a Tokyo summit marking 50 years of ties between Japan and the Association of Southeast Asian Nations (ASEAN).

Japanese Prime Minister Kishida welcomed the elevation of the Japan-Malaysia relationship to a “comprehensive strategic partnership”, Japan’s foreign ministry said in a statement.

In addition to Malaysia, ASEAN members the Philippines, Vietnam, Indonesia, Malaysia and Brunei claim parts of the South China Sea disputed by China, which claims almost all of the waterway that is a conduit for more than $3 trillion of annual ship-borne commerce. The Permanent Court of Arbitration in 2016 said China’s claims had no legal basis.

Japan, ASEAN to boost security ties with eye on China

China and Japan last week accused each other of maritime incursions after a confrontation between their coast guards in waters around islands they both claim in the East China Sea.

Japan’s aid to Malaysia follows similar deals with the Philippines and Bangladesh this year and is part of a plan announced in April for Japan to provide developing countries with financial assistance to bolster their defences.

In the three-day summit through Sunday, Japan is offering ASEAN members support to boost their standing as international actors and help them manage their relations with others, including China, said an official at Japan’s foreign ministry.

Kishida is expected to meet separately with the leaders of all the ASEAN members, which also include Cambodia, Singapore, Thailand, Laos and Timor-Leste.

Comments

Comments are closed.