Asean Morning News For August 14

Asean Morning News For August 14

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Asean At 50: Firing up or Powering Down?
Fifty years ago Indonesia, Singapore, Malaysia, Thailand and the Philippines established the Association of Southeast Asian Nations (Asean). This association of primarily non-communist and relatively free-market countries was formed at a time when the Cold War was in full swing, and its end seemed to validate their confidence. The group expanded in the late 1980s and early 1990s to include Brunei, Vietnam, Laos, Cambodia and eventually also Myanmar (then Burma).
— AEC News Today

Malaysia, Indonesia, Philippines to facilitate intelligence exchanges on security threats
Malaysia, Indonesia and the Philippines have agreed that each country appoints a ‘point of contact’ (POC) from among their military and police personnel to facilitate exchange of intelligence information on security threats, including from Islamic State militants.
— Malay Mail Online

Government issues circular to prevent misuse of FTA with South Korea , ASEAN
The government has taken the first concrete step to deal with duty free imports of gold jewellery and coins from South Korea under ASEAN Free Trade agreement (FTA) , which domestic trade associations allege are distorting the market by putting those importing bullion at 10% duty at a distinct disadvantage.
— Economic Times

10 Asean Biodiversity Heroes recognized
The Asean Centre for Biodiversity (ACB) held its first Asean Biodiversity Heroes Awards and recognized 10 heroes from the Asean member-states for their inspiring stories and championing biodiversity protection and conservation in their respective countries.
— Business Mirror

Brunei holds exhibition to mark ASEAN’s 50th birthday
A special exhibition highlighting ASEAN’s history, achievements and goals was held on August 12 by the Bruneian Ministry of Foreign Affairs and Trade (MoFAT) as part of activities to mark 50th founding anniversary of the bloc.
— Vietnam Plus

South China Sea situation has stabilized – China
From Beijing’s perspective, the real progress made during the recently concluded 50th Association of Southeast Asian Nations Foreign Ministers’ Meeting (AMM) and Related Meetings hosted by Manila is that under the joint efforts of China and the Association of Southeast Asian Nations (ASEAN) member-countries, the situation in the South China Sea has been stabilized.
— Manila Bulletin

Globe eyes higher $800 M capex
Globe Telecom Inc. may raise capital expenditures up to $800 million this year as it invests to support growing demand for data services.
— The Philippine Star

Analysis: Are healthcare PPPs possible in south east Asia?
Lieven Jacquemyn, PPP international development director at GE Healthcare Singapore, discusses how governments, providers and investors can work together to bring universal health coverage to the region.
— HealthInvestor Asia

Chinese Internet majors compete to dominate ASEAN tech ecosystem
Chinese technology majors Baidu, Alibaba, Tencent and JD.com – collectively termed BATJ – are leading a wave of investment into Southeast Asia’s venture ecosystem and technology sector.
— Deal Street Asia

Asean nations eye Qatar business opportunities
The Association of South East Asian Nations (Asean) is ready to respond to the short-term need for various imports to Qatar, as well as offering long-term opportunity for joint venture or investments in many sectors, Asean Committee in Doha (ACD) chairman and Thailand ambassador Soonthorn Chaiyindeepum has said.
— Gulf Times

Two of ASEAN’s nations ideal for local firms: DBS
Given the government’s New Southbound Policy, Indonesia and the Philippines are the ideal markets in ASEAN for Taiwanese companies, DBS Bank Ltd officials said on Friday.
— Taipei Times

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

After Cambodia Daily’s $6M bill, tax authority targets RFA, VOA
Popular media outlets Radio Free Asia and Voice of America have become the latest to draw the attention of the government for allegedly not paying taxes, one week after a letter to the Cambodia Daily demanding more than $6 million in back taxes was leaked.
The Phnom Penh Post

Researchers Put a Price Tag on Deforestation in Cambodia
Researchers from Australia have put a dollar figure on what they are calling one of Cambodia’s most important forests in hopes of helping stave off its loss to loggers, poachers and farmers looking for new land.
The Cambodia Daily (paywall)

Redhill wins PR account with Emirates Airlines in Cambodia
Singapore-based public relations agency Redhill has won the communications mandate for Dubai-founded airline Emirates in Cambodia.
Mumbrella Asia

See here for more of today’s Cambodia Morning News 

 

Indonesia morning newsIndonesia Morning News

Compiled by Rama Ariadi    @AriadiRama

 

Swadaya: Crowdfunded Series Aims to Empower Indonesians (video)
Swadaya aims to shine a light on the other side of Indonesia that is often overlooked by traditional media.
— AEC News Today (video)

Indonesia revises oil, gas block investment rule
The Energy and Mineral Resources Ministry has issued Ministerial Decree No. 47/2017 on the mechanisms of investment return in upstream oil and gas business to amend the previous Decree No. 26/2017 on the same matter.
— The Jakarta Post

Taming of Asia’s Most Volatile Currencies Is Creating New Danger
Three-month historical volatility for Indonesia’s rupiah has slumped for four straight quarters, falling to a four-year low of 2.53 percent in May from as high as 16 percent in 2013.
— Bloomberg

See here for more of today’s Indonesia Morning News 

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Laos withdraws troops after Hun Sen ultimatum
Lao troops occupying territory south of the Sekong River withdrew on Saturday after Prime Minister Hun Sen gave them a six-day deadline to leave and dispatched two military brigades and members of his personal Bodyguard Unit to the border.
The Phnom Penh Post 

JICA Supports Grant Aid Project for Basic Education Development in Laos
The capacity of Laos to develop its basic education will be strengthened further thanks to project valued at JPY 1,070 million (about USD 8 million) resulted from funding and cooperation from Japan reported at the Hand-Over Ceremony of the Project for “Improving Secondary School Environment in the Southern Provinces of Lao P.D.R” on Aug 4 in Saravan Province.
Lao News Agency

Lao auditors target 590 government units
The State Audit Organisation (SAO) has vowed to expose all inappropriate use of the State budget and sectors violating financial regulations and laws.
Vientiane Times 

See here for more of today’s Lao Morning News 

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Malaysia, Indonesia, Philippines to appoint POC for intelligence information
exchanges
Malaysia, Indonesia and the Philippines have agreed that each country
appoints a ‘point of contact’ (POC) from among their military and police
personnel to facilitate exchange of intelligence information on security
threats, including from Daesh militants.
The Borneo Post

Malaysia Market Poised To Snap Losing Streak
The Malaysia stock market has moved lower in three straight trading days, falling more than 15 points or 0.8 percent in that span. The Kuala Lumpur Composite Index now rests just above the 1,765-point plateau although it may find traction on Monday.
Business Insider

Markets not pricing in geopolitical tensions
When American political analyst Brian Klaas said at the start of 2017 that this would probably be the biggest year for political risk since World War II, few would have expected the current level of tension between the US and North Korea. Conservative US radio host Mark Levin even thinks we “may be on the brink of war”.
The Edge Market

See here for more of today’s Malaysia Morning News 

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

Myanmar economy needs ‘predictable policy,’ new reform leader urges
“Winston” Set Aung, Myanmar’s newly-appointed deputy minister for national planning and finance, has urged fellow government leaders to pursue further regulatory and policy reforms for the economic development of Myanmar during a panel session at the Myanmar Democratic Transition Forum.
— Nikkei Asian Review

Concerns voiced about media coverage of Myanmar
The Myanmar government needs to work with the media to craft an accurate narrative of developments in the country, given local criticism of how the country is being portrayed on the local and international stage.
— Mizzima

Partners find more gas off Myanmar
A CONSORTIUM comprising Total E & P, Woodside Energy and Mynamar-owned MPRL E&P has announced its third discovery of gas in the country’s Rakhine basin.
— Eleven Myanmar

See here for more of today’s Myanmar Morning News 

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Duterte’s China policy shift: strategy or serendipity?
Departing from the previous government’s opposition to Chinese assertiveness in the South China Sea, Philippine President Rodrigo Duterte has downplayed maritime disputes in favour of pursuing close economic and political ties with China.
— East Asia Forum

Bird flu triggers ban on fowl shipment
THE Agriculture department has banned the shipment of fowl from Luzon to other parts of the country after an avian flu outbreak in Pampanga.
— Manilastandard.net

Bangko Sentral assures public: No peso free fall
The peso will not “free fall” against the dollar despite breaching the P51-level last week, Bangko Sentral ng Pilipinas Governor Nestor Espenilla said Sunday, citing “very strong” economic fundamentals.
— ABS-CBN

See here for more of today’s Philippines Morning News 

 

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Industry 4.0: Hello! Uncle Not Machine! Paints Alternate to Mass Unemployment Fear (video)
At the rate with which technology and robotisation is constantly evolving and replacing roles traditionally performed by human workers, the question is a valid one.
AEC News Today

Hong Kong’s Property Shadow Leaves Singapore Developers Ahead
Hong Kong’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash.
Bloomberg 

Analysts upbeat on property, tech after Q2’s mixed earnings
SINGAPORE-LISTED companies exposed to global trade and the domestic property market could continue to do well in the latter half of 2017 after the overall market turned in a mixed set of second-quarter earnings, analysts said.
The Business Times 

See here for more of today’s Singapore Morning News 

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

China’s loan terms rejected
High-speed railway project proceeds as beijing demands high interest rate that thai transport ministry believes unfair.
— The Nation (annoying popups)

Auditor-General rejects complaints about rice sales
THE Office of Auditor-General has insisted that there have been no irregularities in recent sales of state-owned rice totalling 2.8 million tonnes as the government clears up its huge inventory resulting from the previous government’s rice-pledging scheme.
— The Nation (annoying popups)

PTT poised to gain from Myanmar deal
THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border.
— The Nation (annoying popups)

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Auto imports headache local experts
According to a report from the General Department of Vietnam Customs, the volume of cars imported from Thailand, which is the largest exporter of cars to Viet Nam, was sharply down to 2,688 units worth $46.7 million, compared with June’s 3,270 units worth $59 million.
— VietnamNet Bridge

Vietnam export revenue forecast to hit US$200 billion
Vietnam can obtain total export revenue of US$200 billion this year, up 13% versus last year, said Nguyen Phu Hoa, deputy head of the Export-Import Department under the Ministry of Industry and Trade.
— VietnamNet Bridge

Free trade deal boosts Vietnam’s petrol imports from South Korea
Vietnamese companies are turning away from Chinese petroleum suppliers in favor of South Korean.
— VnExpress

See here for more of today’s Vietnam Morning News 

 

Asean Morning News is the most comprehensive selection of reports on what you need to know from around the Asean Economic Community (AEC) published. All articles are hand curated by the team at AEC News Today. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

 

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