Regional

• The Association of Southeast Asian Nations (ASEAN) has pledged to adopt a zero-tolerance approach to the illicit narcotics trade as part of broader efforts to establish a drug-free region across Southeast Asia. • The commitment was announced during the 48th ASEAN Summit in Cebu, Philippines, reflecting unified regional policy against narcotics trafficking and consumption. • The drug-free initiative represents a significant coordinated effort among ASEAN member states including Indonesia, Myanmar, Philippines, Singapore, Thailand, and Vietnam to combat organized crime networks and reduce substance abuse.

• China's ban on oil-product exports following U.S. and Israeli attacks on Iran and the Strait of Hormuz closure has squeezed fuel supplies to Asian neighbors, enhancing Beijing's leverage as of May 9, 2026. • Fuel-starved countries in Asia are turning to China for jet fuel, gasoline, and diesel relief, while Beijing promotes its renewable energy technologies. • The ongoing Iran war has positioned China to deal from strength, deepening its influence in the region amid prolonged energy shortages.

• GXS Bank and MariBank, Singapore's digital banks, posted increased interest income for FY2025 ended in 2025, driven by sustained lending activities. • Both banks are leaning on South-east Asia markets to fuel profitability, expanding beyond Singapore into regional operations. • The growth highlights lending as a core strategy amid competitive digital banking landscape in ASEAN.

• Thailand's foreign minister requested ASEAN-level discussions with his Myanmar counterpart to address escalating conflicts and diplomatic standoffs in the region. • The initiative comes in response to recent attacks and instability in Myanmar, prompting broader calls for coordinated ASEAN intervention. • This move highlights Thailand's leadership role in ASEAN diplomacy, aiming to prevent spillover effects on Southeast Asian security and trade.

The regional bloc agreed to safeguard regional energy security through strengthened cooperation, timely policy responses and engagement with dialogue partners.

• Egypt has convened an emergency regional summit with Ethiopia, Sudan, and other Nile Basin nations to address water allocation disputes intensified by Sudan's ongoing civil war and dam infrastructure threats. • The summit, held in Cairo on Friday, focused on protecting the Grand Ethiopian Renaissance Dam and Blue Nile water flows during heightened regional conflict; negotiations remain deadlocked. • US officials are monitoring the summit closely, concerned that water scarcity could fuel refugee crises across the Horn of Africa and destabilize a critical US partner region.

Hard line on immigration adopted by People’s party as right seeks to overthrow socialist government in 2027Europe live – latest updatesSpain’s opposition conservatives are rekindling their regional pacts with the far-right Vox party by adopting the latter’s hard line on immigration less than two years after disagreements over the issue led to the collapse of coalition administrations in five of the country’s self-governing regions.The renewal of the regional deals between the People’s party (PP) and Vox comes ahead of next year’s general election and as Spain’s socialist government seeks to extol the benefits of immigration by regularising the status of at least 500,000 undocumented migrants. Continue reading...