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GEF 6 holds Council Meeting on second working day in Da Nang

The 54th Global Environment Facility (GEF) Council Meeting was a highlight during the second working day of the sixth GDF Assembly (GEF 6) in the central city of Da Nang on June 24.
GEF 6 holds Council Meeting on second working day in Da Nang ảnh 1At the event (Source: VNA)
Da Nang (VNA) – The 54th Global Environment Facility (GEF) Council Meeting was a highlight during thesecond working day of the sixth GEF Assembly (GEF 6) in the central city of DaNang on June 24.

The GEF Council Meeting, which will lastuntil June 26, looks into the updated co-financing strategy, the GEFpartnership, rules for the System for Transparent Allocation of Resources, the2019 GEF Business Plan and Corporate Budget and the seventh replenishment ofthe GEF Trust Fund (GEF-7).

GEF CEO and Chairperson Naoko Ishii said itis the final council meeting during the GEF’s 6th cycle, providing aplatform to review four-year achievements and introduce reforms regardingapproaches for cities, supply chains and food security in Africa.

She added that the GEF Assembly has embarkedon a new project in the Amazon Basin, supported innovation projects andlaunched a capacity building initiative for transparency.

Sideline events on June 24 discussed importantglobal issues such as food, the environment, climate change, biodiversitypreservation, and land degradation mitigation, food system strategy and cool chainsystem to increase resilience to climate change, strengthening nationalcapacity to meet demand for transparency, sustainable infrastructure andguidelines for GEF policy implementation on the involvement of partiesconcerned.-VNA
VNA

Deputy Prime Minister and Minister of Energy Transition and Water Transformation Fadillah Yusof told reporters in Kuching, Sarawak state, that the growing number of solar energy projects in Malaysia has made battery storage increasingly important for managing power flows.

The app, called THIM (Thailand Immigration Management System) was developed in partnership with Digital Identity Co. and built on Amazon Web Services cloud infrastructure.

Indonesia will maintain its fuel subsidy policy to keep domestic fuel prices stable through the end of this year, despite rising fiscal pressure caused by currency fluctuations, according to Indonesian Deputy Minister of Energy and Mineral Resources Yuliot Tanjung.

Under the new rules, social media platforms are required to implement age-verification systems and prevent users under 16 from creating accounts. The regulations apply to platforms with at least eight million users in Malaysia, including Facebook, Instagram, TikTok and YouTube.

The Straits Times noted that a significant portion of his address focused on the crisis of the international order, highlighting the need to strengthen respect for international law and exercise restraint.

Associate Professor Dr. Neak Chandarith said General Secretary and President To Lam demonstrated a clear understanding of global challenges and presented a balanced voice that advocates sovereignty, equality and fairness for small and middle-sized nations amid an increasingly uncertain international environment.

One of the highlights grabbing observers’ special attention was the first-time participation and keynote address by General Secretary of the Communist Party of Vietnam Central Committee and President of Vietnam To Lam.

The keynote policy address delivered by General Secretary of the Communist Party of Vietnam (CPV) Central Committee and State President To Lam at the opening session of the 23rd Shangri-La Dialogue has been described as offering timely reflections and practical proposals for sustaining peace and strategic trust amid growing geopolitical competition.

The talks centre on a binding long-term deal between Thailand's state-controlled energy company PTT PCL and the US' Venture Global (VG.N), said the sources familiar with discussions.

World oil prices could exceed 100 USD per barrel if the conflict spreads further across the region, potentially pushing ASEAN+3 inflation to around 2.2%, according to AMRO.

Singapore is also pursuing a long-term economic strategy centred on AI and advanced technologies. The country aims to position itself as a trusted hub for developing, testing and deploying AI solutions at scale, while focusing on practical applications to improve productivity and create new industries.

The RoK government said it will continue exchanges with Indonesia through joint public-private seminars and discussions involving university hospitals, major technology firms and educational institutions to further develop cooperation frameworks.

Deputy Finance Minister Liew Chin Tong said Malaysia needs broader cooperation among non-profit organisations, social enterprises, and other socially driven organisations to tackle issues such as an aging population, climate risks, and concerns over employment and wages among the younger generation.

According to a joint statement by Enterprise Singapore and the Infocomm Media Development Authority (IMDA), the updated plan is expected to support more than 2,000 SME retailers in strengthening their competitiveness and resilience.

By focusing on cross-border power transmission system integration between Laos and Cambodia, the project will increase capacity for clean energy exchange between the two nations and optimise energy resource management efficiently for Laos.

Indonesia's immigration authorities have established a systematic mechanism to prevent human trafficking across key stages of citizens' overseas travel, an official has said.

Cambodia's Ministry of Health has called on the public to remain vigilant and continue observing preventive measures against influenza and all forms of COVID-19, advising citizens to wear masks and wash hands frequently with soap or alcohol-based sanitiser.

To protect small business households, the Indonesian government has implemented a series of mitigation measures, including the implementation of targeted cash assistance programmes and the centralised bulk procurement of fertilisers and pesticides through government agencies to secure lower prices for farmers.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the construction, wholesale and retail trade, and industry sectors are expecting less favourable business performance in the quarter reviewed, indicating that businesses remain cautious amid a challenging business environment and global uncertainties.

In the first quarter of 2026, Singapore’s economy expanded by 6% year-on-year, up from 5.7% in the previous quarter.