Japan expects business opportunities in Malaysia and the regional markets to increase across all sectors under the Trans-Pacific Partnership (TPP), including agriculture, forestry and fishery products.
Prime Minister Shinzo Abe said Japan was currently moving ahead to liberalise more sectors, while continuing to make that for agriculture, more proactive.
"The TPP is not just about reduction and elimination of tariffs, but also promoting liberalisation of services and investments in a broad range of areas," he told reporters on the final day of the 27th ASEAN Summit and Related Summits here on Sunday.
He said Japan was close to signing the TPP trade-pact and expressed hope that the other 11 participating countries would push forward to seal the deal.
On the ASEAN-Japan relationship, Abe said the economic interdependence between both parties was steadily deepening, and Japan was stepping up efforts to open up its market.
At the ASEAN-Japan Summit held earlier, he shared Japan's new measures to expand the "Partnership for Quality Infrastructure" by accelerating its Official Development Assistance (ODA) loan scheme.
Abe's spokesperson said Japan would reduce the processing period for loans for government-related projects to one and a half-years at most for important projects from the current three.
It will also introduce loan schemes with a currency conversion option for countries whose gross national income (GNI) per capital is equal to or higher than upper-middle-income countries, headed.
He said the Japanese government would also establish a dollar-denominated loan scheme for loans provided through the Japan International Cooperation Agency (JICA).
The spokesperson said a trust fund under the JICA would be set up by end-March 2016, to be invested in and finance private quality infrastructure projects.
In partnership with the Asian Development Bank (ADB), the JICA Trust Fund will invest and finance up to US$1.5 billion (US$1.00 = RM4.28) in the next five years.
Both parties also aim to co-finance US$10 billion in the next five years for sovereign projects.
Japan will collaborate among others with the ADB, the World Bank, the Inter-American Development Bank and the African Development Bank in providing infrastructure investments.
The spokesperson said a microfinance fund for women called the Japan-ASEAN Women Empowerment Fund was established to drive women's social advancement, poverty reduction, fostering growth, job creation and entrepreneurship.
The fund through microfinance institutes will provide business finance for sole proprietorship, business group and small and medium enterprises (SMEs) through investments or loans.
Bernama
Sun Nov 22 2015

ABE: The TPP is not just about reduction and elimination of tariffs, but also promoting liberalisation of services and investments in a broad range of areas. - BERNAMA pic

What happened in Philippine drug war that led to Duterte's arrest?
Here are some facts about the drug war during Duterte's presidency from 2016 to 2022.

Soccer - Manchester United plans to build 'world's greatest stadium'
Manchester United plans to build a new 100,000-seat stadium next to the existing Old Trafford, the club announces.

Meta begins testing its first in-house AI training chip
Meta is working with Taiwan-based chip manufacturer TSMC to produce the chip, according to sources.

Russia says it wants united and 'friendly' Syria
Russia has two strategically important military bases in Syria, which it is hoping to retain in the wake of Assad's fall.

Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump
Elon Musk says he is running his businesses "with great difficulty" while working with the Trump administration.

Philippine ex-leader Duterte long defiant on deadly drug war
Before becoming president, Rodrigo Duterte earned the nicknames "The Punisher" and "Duterte Harry" for his violent anti-drug crackdown.

Ismail Sabri probe: 36 witnesses finish giving statements to MACC, 23 others to be summoned
A MACC source said 23 other witnesses have also been identified and would be summoned to give their statements soon.

Westin Hotels marks World Sleep Day with wellness-focused offerings
With a growing demand for sleep tourism and wellness travel, Westin aims to solidify its position as a leader in holistic hospitality.

Govt wants local experts to help improve national cyber security - PM's press secretary
Tunku Nashrul Abaidah says the government has high confidence in local expertise to face cybersecurity challenges.

Philippines' ex-President Duterte arrested at ICC's request over 'drugs war', government says
Rodrigo Duterte was arrested upon his arrival at a Manila airport and the ex-leader is now in custody, the office of the president said.
![[COLUMNIST] Lighting up lives: How solar power is transforming Orang Asal villages in Sabah [COLUMNIST] Lighting up lives: How solar power is transforming Orang Asal villages in Sabah](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2025-03/81741682061_tbOrangAslisolar.jpg)
[COLUMNIST] Lighting up lives: How solar power is transforming Orang Asal villages in Sabah
For years, families in these villages relied on diesel generators, but the high cost of fuel and maintenance meant electricity was a luxury.

Court postpones verdict in Aliff Syukri obscene content case to March 14
Datuk Seri Aliff Syukri Kamarzaman faces four charges of uploading obscene content on his Instagram account in 2022.

Trump says he will buy a 'new Tesla' to show support for Musk
Tesla's market capitalisation has more than halved since hitting an all-time high of $1.5 trillion on December 17.

Tanker hired by US military ablaze off UK after hit by container ship
The ship is carrying 15 containers of sodium cyanide, a toxic chemical used mainly in gold mining, and an unknown quantity of alcohol.

Failure to pay PTPTN loan: UMNO Youth supports proposal to ban borrowers from overseas travel
UMNO Youth chief says the borrowers involved must be responsible in settling their debts with PTPTN for the sake of future generations.

Pope Francis no longer faces immediate danger, responding to treatment, Vatican says
The Vatican says pope's doctors decided to lift an earlier "guarded" prognosis, meaning the pontiff was no longer in immediate danger.

AI Revolution: Will Malaysia’s workforce sink or swim?
AI is no longer a distant concept, it is actively transforming industries, reshaping job markets, and redefining the skills needed.

Dalai Lama says his successor to be born outside China
Beijing insists it will choose his successor, but the Dalai Lama says any successor named by China would not be respected.

US judge says Musk's DOGE must release records on operations run in 'secrecy'
The ruling, the first of its kind, marks an early victory for advocates pushing DOGE to be more transparent about its role in mass firings.

How to Get to Merdeka 118: Your Complete Guide
Heres everything you need to know about getting there efficiently.