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Forward looking statements press release

Informal ASEAN Ministerial Meeting issues Chair’s Statement

March 2, 2021 by en.vietnamplus.vn

Informal ASEAN Ministerial Meeting issues Chair’s Statement hinh anh 1 Delegates attend the Informal ASEAN Ministerial Meeting (Source: VNA)

Hanoi (VNA) – An informal meeting via videoconference of foreign ministers of 10 ASEAN member states took place on March 2 and ended with the release of a Chair’s Statement. The following is the full text of the document:

Chair’s Statement on the Informal ASEAN Ministerial Meeting ( IAMM )

1. The Informal ASEAN Ministerial Meeting (IAMM) was convened on 2 March 2021 via videoconference, with the view to progress the implementation of the ASEAN Community Vision 2025, work on an ASEAN Community post-2025 vision, advance ASEAN’s initiatives to respond to and recover from the Coronavirus Disease 2019 (COVID-19) pandemic, discuss ASEAN’s external relations, as well as exchange views on pressing regional issues of concern.

2. In pursuit of strengthening our regional solidarity, we reiterated that the political stability in ASEAN Member States is essential to achieving a peaceful, stable and prosperous ASEAN Community. We underscored the need to maintain our unity, Centrality, and relevance in the region and to collectively address common challenges. We recognised that the strength of the ASEAN Community lies in putting people at its centre. In this regard, we recall the purposes and principles enshrined in the ASEAN Charter, including adherence to the rule of law, good governance, the principles of democracy and constitutional government, respect for fundamental freedoms, and the promotion and protection of human rights.

3. We noted the current progress on developing an ASEAN Community post-2025 vision and acknowledged the importance of continuity in this multi-year endeavour, such as having it co-chaired by a permanent shepherd for the duration of the visioning exercise together with the incumbent ASEAN Chair. We also agreed that the development of this vision should be pursued in a comprehensive, pragmatic, balanced, inclusive and coordinated manner across the three ASEAN Community pillars, sectoral bodies and with the relevant stakeholders, including at the Leaders’ level.

4. We reaffirmed our support for Brunei Darussalam’s priorities and deliverables under the theme of “We Care, We Prepare, We Prosper”, and agreed to develop a Strategic and Holistic Initiative to Link ASEAN Responses to Emergencies and Disasters (ASEAN SHIELD) across the three ASEAN Community pillars. We reaffirmed our belief that regionalism and multilateralism are important principles and frameworks of cooperation.

5. We discussed ASEAN’s collective response to overcome the COVID-19 pandemic and reiterated our commitment to implement the initiatives in the Implementation Plan of the ASEAN Comprehensive Recovery Framework in a timely and effective manner. We welcomed the establishment of the Task Force on the Operationalisation of the ASEAN Travel Corridor Arrangement Framework (ATCAF) and encouraged the expeditious conclusion of the ATCAF. We welcomed the decision to utilise 10.5 million USD from the COVID-19 ASEAN Response Fund to procure vaccines for the people of ASEAN as soon as possible. We encouraged the early operationalisation of the ASEAN Regional Reserve of Medical Supplies for Public Health Emergencies and the timely establishment of the ASEAN Centre for Public Health Emergencies and Emerging Diseases. We noted efforts to address the impacts of the pandemic on ASEAN’s Community building as well as efforts to narrow the development gap in the region.

6. We agreed to maintain ASEAN’s proactive and outward-looking approach in the conduct of ASEAN’s external relations based on shared interest, constructive engagements, and mutual benefits, which can contribute to ASEAN’s Community building and development cooperation efforts, as well as efforts to ensure swift, comprehensive, and sustainable regional recovery from the COVID-19 pandemic.
We underscored the importance of further strengthening ASEAN Centrality and unity in our engagement with ASEAN’s external partners through ASEAN-led mechanisms in order to build mutual trust and confidence as well as to reinforce open, transparent, inclusive, and rules-based regional architecture with ASEAN at the centre. In this regard, we looked forward to convening the Special ASEAN United States Foreign Ministers’ Meeting in the near future, and other engagements with external partners. We also looked forward to activities to commemorate the 30th anniversary of ASEAN-China Dialogue Relations as well as the 25th anniversary of ASEAN-Russia Dialogue Relations.

7. We exchanged views on regional and international issues of concern, including the situation in the South China Sea and the Korean Peninsula. We underscored the need to maintain our unity, Centrality and relevance in the region and to collectively address common challenges.

8. We, as an ASEAN family, have been closely following the current developments in the ASEAN region and concurred that the political stability in any and all ASEAN Member States is essential to achieving a collective peaceful, stable and prosperous ASEAN Community. We expressed our concern on the situation in Myanmar and called on all parties to refrain from instigating further violence, and for all sides to exercise utmost restraint as well as flexibility. We also called on all parties concerned to seek a peaceful solution, through constructive dialogue, and practical reconciliation in the interests of the people and their livelihood. In this regard, we expressed ASEAN’s readiness to assist Myanmar in a positive, peaceful and constructive manner.

9. We also heard some calls for the release of political detainees and for the United Nations Secretary-General’s Special Envoy on Myanmar to engage the parties concerned.

10. We also underscored the importance of Myanmar’s continued efforts in addressing the situation in the Rakhine State, including commencing the repatriation process, in voluntary, safe and dignified manner in accordance with its bilateral agreements with Bangladesh. We reiterated our appreciation to the Secretary-General of ASEAN for his efforts in leading the implementation of the recommendations of the Preliminary Needs Assessment (PNA). We looked forward to the conduct of the Comprehensive Needs Assessment (CNA) and encouraged the Secretary-General of ASEAN to continue identifying possible areas to effectively facilitate the repatriation process for displaced persons from Rakhine State./.

VNA

Filed Under: World Informal ASEAN Ministerial Meeting, Chair’s Statement, IAMM, ASEAN Community Vision, ASEAN, Vietnam, Vietnamplus, Vietnam News Agency, World, Informal ASEAN..., 9th asean ministerial meeting on transnational crime, asean-china ministerial meeting, asean-china defense ministers informal meeting, asean-japan information security policy meeting

AXA launches “Wealth Ultra Savings Plan (2-year Pay)”

February 8, 2021 by bizhub.vn

  • Short premium payment term with low entry fee and high long-term growth
  • Market-exclusive no aggregate-limit Bonus Lock-in Option to best capture returns
  • Unlimited times for changing the insured enables wealth accumulation across generations
  • Up to 4% p.a. guaranteed preferential interest rate for premium prepayment

HONG KONG SAR - Media OutReach - 8 February 2021 - AXA Hong Kong and Macau today announced the launch of “Wealth Ultra Savings Plan (2-year Pay)”(“Wealth Ultra (2-year Pay)”), a participating life insurance plan with a short premium payment term of two years. Customers can enjoy sustainable wealth growth with an annual premium as low as USD10,000. If customers choose to pay the 2-year basic plan premium in one go, they can also enjoy a 4% p.a. guaranteed interest rate on the prepaid premium. Key features of Wealth Ultra (2-year Pay) include:

  • Market-exclusive feature – Bonus Lock-in Option to lock in gains without an aggregate limit for the lock-in rate
  • Market-exclusive feature – Flexi Continuation Option to support both life protection and legacy planning
  • An unlimited number of times for changing the insured to pass on wealth across generations

“Wealth Ultra (2-year Pay)”is a limited-time offer, available on a first-come-first-served basis.

Short premium payment term and low entry fee, projected total cash value doubles every 10 years

Wealth Ultra (2-year pay) offers a premium payment term of just 2 years and an annual premium as low as USD10,000, allowing customers to enjoy all benefits of the plan without the burden of a long-term financial commitment. Premiums are guaranteed to remain unchanged throughout the 2-year period.  If customers choose to pay the 2-year premium in full at the time of application, they can enjoy up to 4% p.a. guaranteed interest rate on the prepaid premium, generating attractive additional returns in the current low interest rate environment.

 

Apart from the guaranteed cash value, Wealth Ultra (2-year pay) also provides two types of non-guaranteed bonuses — the reversionary bonus and the terminal bonus. Starting from the 6th policy year, the total cash value[1] is projected to double every 10 years on average; and from the 82nd policy year, the total Internal Rate of Return (IRR) for each policy year is expected to exceed 7%[2].

Market-exclusive feature 1:  No aggregate limit for bonus lock-in rate to best capture market returns

Wealth Ultra (2-year pay) Bonus Lock-in Option allows customers to transfer the reversionary bonus and terminal bonus to the bonus lock-in account, without partially surrendering their policies. They can thus turn the non-guaranteed bonus into guaranteed and earn up to 4% p.a. interest[3] from it, avoiding potential changes to the returns posed by market fluctuations and accelerating their wealth accumulation.

 

Wealth Ultra (2-year pay) is particularly unique in the market as it offers no lifetime aggregate limit for the lock-in rate. Customers can pass on the policy to future generations without having to worry about exhausting the lock-in rate. The plan also provides flexibility for customers to withdraw part or all of the value from the bonus lock-in account anytime according to their needs.

Market-exclusive feature 2:  Flexi Continuation Option to support both life protection and legacy planning

Wealth Ultra (2-year pay) allows changing the insured for an unlimited number of times without affecting the policy value. The insured period can be updated to age 138 of the latest insured, enabling passing on wealth across generations.

 

The market-exclusive Flexi Continuation Option takes care of both the life protection and legacy planning needs of customers. They can designate a contingent insured in advance, so in the unfortunate event that the initial insured passed away, the designated contingent insured will become the new insured, and the pre-assigned portion of the policy value will be passed on accordingly for wealth accumulation; and the remaining portion will be payable to the designated beneficiaries in the form of compassionate benefit for immediate financial support.

Mr. Kevin Chor, Chief Life and Health Insurance Officer, AXA Hong Kong and Macau, said, “Last year we launched Wealth Ultra Savings Plan and received very positive feedback and a number of awards. COVID has affected the global market environment, disrupting the wealth management plans of many. We understand that customers are hoping to achieve long-term financial growth with short-term commitments, therefore we launch Wealth Ultra Savings Plan (2-year pay) this year, providing them with competitive returns without requiring a long-term payment. The plan comes with a Bonus Lock-in Option which enables customers to capture market returns and not be affected by market volatility. Together with the unlimited times for changing the insured and Flexi Continuation Option, customers can enjoy the benefits of protection and cross-generation wealth accumulation all at the same time.”

 

For more information on Wealth Ultra Savings Plan (2-year pay) , please visit: www.axa.com.hk

The above is for reference only. For details of the product, including terms and conditions, please refer to the product brochure.

[1] Total cash value is the sum of guaranteed cash value, non-guaranteed cash value of reversionary bonus and non-guaranteed cash value of terminal bonus.

[2] The total IRR is rounded to the nearest percentage. Please refer to the relevant product brochure for detailed assumptions and conditions.

[3] The interest rate is non-guaranteed and may be changed by AXA at its discretion from time to time without prior notice.

About AXA Hong Kong and Macau

AXA Hong Kong and Macau, a member of the AXA Group, prides itself on serving over 1.5 million customers[1] with our superior products and services. AXA is the top-tier life insurer in Hong Kong with the longest history[2] and is ranked No. 2 in insurance – life, health (stock) category worldwide[3]. In addition to being the No. 1 global Property & Casualty commercial lines insurer[4], we are the No. 1 most considered insurance brand in Hong Kong[5]. We are also one of the largest health protection providers in Hong Kong and Macau. 

[1] Including customers of AXA China Region Insurance Company Limited, AXA China Region Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability), and AXA General Insurance Hong Kong Limited[2] Top tier insurers are defined based on the annualised premiums of Individual Direct New Business (Classes A to F) of Statistics on Hong Kong Long Term Insurance Business published by the Insurance Authority[3] 2020 Fortune Global 500 [4] AXA Corporate Solutions, AXA Matrix Risk Consultants, AXA Insurance Company, and AXA Art with AXA XL’s insurance and reinsurance operations combined  [5] AXA Hong Kong Brand Preference Tracking Report 2019

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE:  AXA.COM.HK 

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTSCertain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – “Risk factors and risk management” of AXA’s Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.   

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Filed Under: Uncategorized Media OutReach, retirement savings plans, funeral savings plan, college savings plan network, College Savings Plans Network, 529 savings plan, Vanguard 529 College Savings Plan, utah educational savings plan, college savings plan, thrift savings plan, college savings plans, 50k ultra training plan, 50 km ultra training plan

ASEAN foreign ministers’ statement on COVID-19 recovery, Myanmar issues

March 3, 2021 by vietnamnews.vn

The Informal ASEAN Ministerial Meeting (IAMM) was convened on 2 March 2021 via videoconference, with the view to progress the implementation of the ASEAN Community Vision 2025, work on an ASEAN Community post-2025 vision, advance ASEAN’s initiatives to respond to and recover from the Coronavirus Disease 2019 (COVID-19) pandemic, discuss ASEAN’s external relations, as well as exchange views on pressing regional issues of concern. — VNA/VNS Photo

HÀ NỘI — An informal meeting via videoconference of foreign ministers of 10 ASEAN member states took place on March 2 and ended with the release of a Chair’s Statement. The following is the full text of the document:

Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

1. The Informal ASEAN Ministerial Meeting (IAMM) was convened on 2 March 2021 via videoconference, with the view to progress the implementation of the ASEAN Community Vision 2025, work on an ASEAN Community post-2025 vision, advance ASEAN’s initiatives to respond to and recover from the Coronavirus Disease 2019 (COVID-19) pandemic, discuss ASEAN’s external relations, as well as exchange views on pressing regional issues of concern.

2. In pursuit of strengthening our regional solidarity, we reiterated that the political stability in ASEAN Member States is essential to achieving a peaceful, stable and prosperous ASEAN Community. We underscored the need to maintain our unity, Centrality, and relevance in the region and to collectively address common challenges. We recognised that the strength of the ASEAN Community lies in putting people at its centre. In this regard, we recall the purposes and principles enshrined in the ASEAN Charter, including adherence to the rule of law, good governance, the principles of democracy and constitutional government, respect for fundamental freedoms, and the promotion and protection of human rights.

3. We noted the current progress on developing an ASEAN Community post-2025 vision and acknowledged the importance of continuity in this multi-year endeavour, such as having it co-chaired by a permanent shepherd for the duration of the visioning exercise together with the incumbent ASEAN Chair. We also agreed that the development of this vision should be pursued in a comprehensive, pragmatic, balanced, inclusive and coordinated manner across the three ASEAN Community pillars, sectoral bodies and with the relevant stakeholders, including at the Leaders’ level.

4. We reaffirmed our support for Brunei Darussalam’s priorities and deliverables under the theme of “We Care, We Prepare, We Prosper”, and agreed to develop a Strategic and Holistic Initiative to Link ASEAN Responses to Emergencies and Disasters (ASEAN SHIELD) across the three ASEAN Community pillars. We reaffirmed our belief that regionalism and multilateralism are important principles and frameworks of cooperation.

5. We discussed ASEAN’s collective response to overcome the COVID-19 pandemic and reiterated our commitment to implement the initiatives in the Implementation Plan of the ASEAN Comprehensive Recovery Framework in a timely and effective manner. We welcomed the establishment of the Task Force on the Operationalisation of the ASEAN Travel Corridor Arrangement Framework (ATCAF) and encouraged the expeditious conclusion of the ATCAF. We welcomed the decision to utilise 10.5 million USD from the COVID-19 ASEAN Response Fund to procure vaccines for the people of ASEAN as soon as possible. We encouraged the early operationalisation of the ASEAN Regional Reserve of Medical Supplies for Public Health Emergencies and the timely establishment of the ASEAN Centre for Public Health Emergencies and Emerging Diseases. We noted efforts to address the impacts of the pandemic on ASEAN’s Community building as well as efforts to narrow the development gap in the region.

6. We agreed to maintain ASEAN’s proactive and outward-looking approach in the conduct of ASEAN’s external relations based on shared interest, constructiveengagements, and mutual benefits, which can contribute to ASEAN’s Community building and development cooperation efforts, as well as efforts to ensure swift, comprehensive, and sustainable regional recovery from the COVID-19 pandemic.

We underscored the importance of further strengthening ASEAN Centrality and unity in our engagement with ASEAN’s external partners through ASEAN-led mechanisms in order to build mutual trust and confidence as well as to reinforce open, transparent, inclusive, and rules-based regional architecture with ASEAN at the centre. In this regard, we looked forward to convening the Special ASEAN United States Foreign Ministers’ Meeting in the near future, and other engagements with external partners. We also looked forward to activities to commemorate the 30th anniversary of ASEAN-China Dialogue Relations as well as the 25th anniversary of ASEAN-Russia Dialogue Relations.

7. We exchanged views on regional and international issues of concern, including the situation in the South China Sea and the Korean Peninsula. We underscored the need to maintain our unity, Centrality and relevance in the region and to collectively address common challenges.

8. We, as an ASEAN family, have been closely following the current developments in the ASEAN region and concurred that the political stability in any and all ASEAN Member States is essential to achieving a collective peaceful, stable and prosperous ASEAN Community. We expressed our concern on the situation in Myanmar and called on all parties to refrain from instigating further violence, and for all sides to exercise utmost restraint as well as flexibility. We also called on all parties concerned to seek a peaceful solution, through constructive dialogue, and practical reconciliation in the interests of the people and their livelihood. In this regard, we expressed ASEAN’s readiness to assist Myanmar in a positive, peaceful and constructive manner.

9. We also heard some calls for the release of political detainees and for the United Nations Secretary-General’s Special Envoy on Myanmar to engage the parties concerned.

10. We also underscored the importance of Myanmar’s continued efforts in addressing the situation in the Rakhine State, including commencing the repatriation process, in voluntary, safe and dignified manner in accordance with its bilateral agreements with Bangladesh. We reiterated our appreciation to the Secretary-General of ASEAN for his efforts in leading the implementation of the recommendations of the Preliminary Needs Assessment (PNA). We looked forward to the conduct of the Comprehensive Needs Assessment (CNA) and encouraged the Secretary-General of ASEAN to continue identifying possible areas to effectively facilitate the repatriation process for displaced persons from Rakhine State. — VNS

Filed Under: Uncategorized Vietnam News, Politics, Business, Economy, Society, Life, Sports, Environment, Your Say, English Through the News, Magazine, vietnam war, current news, ..., longest serving foreign minister of india, longest serving soviet foreign minister, china asean defence minister, primakov foreign minister, india foreign minister 2019, brics foreign ministers meeting 2018, cambodia foreign minister, bahraini foreign minister twitter, foreign minister of india 2019, who foreign minister of india 2019, who foreign minister, myanmar foreign minister

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