Asean Morning News For August 15

Asean Morning News For August 15

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

‘Asean way’ brings stability, prosperity to region: Najib (Updated)
Asean is seen as the primary driving force in the regional political, security and economic architecture.
— The Sun Daily

Asean at 50: region marches towards peace and development, away from human rights
“WE WON’T declare war, we just ask to get our land back,” said Cambodian Prime Minister Hun Sen last Friday, providing a window of six days for Lao troops he accused on encroaching on the kingdom’s territory to leave. The very next day, they did.
— Asian Correspondent

ASEAN to discuss relations with Korea
The ASEAN-Korea Centre will host the International Conference on the ASEAN-Korea Partnership at Lotte Hotel Seoul on Aug.30.
— Korea Times

Brunei has unique advantages with regional countries and beyond
BRUNEI is an important member of Asean, as well as an active promoter and contributor to regional peace, development and prosperity.
— Borneo Bulletin

Indonesia, Vietnam Strengthen ASEAN Trade
Indonesia and Vietnam have agreed to strengthen bilateral ties in order to enhance trade activities at the ASEAN level.
— Tempo.co

ASEAN ambassadors investigate Toowoomba opportunities
UNDERSTANDING the region and the capabilities of its food and agricultural production is the focus for a visiting international delegation.
— The Chronicle

ASEAN Automotive Aftermarket to Grow at 9.6% CAGR through 2026
In Future Market Insights’ market report titled, “Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment, 2016-2026”, poor road infrastructure and extended vehicle life have been identified as profitable factors for the growth of the automotive aftermarket in ASEAN. On account of growing out-of-warranty car parc, the US$ 19.3 Bn ASEAN automotive aftermarket is predicted to surpass US$ 48 Bn in revenues by 2026 end, increasing at a healthy CAGR of 9.6% through 2026.
— SatPRnews (media release)

ASEAN Must Move Away From Consensus-Based Decisions – Analyst
ASEAN should move from consensus to majority-based in its decision-making process, an analyst said today.
— Malaysian Digest

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

US Sex Offender Charged With Rape of Cambodian Child
A U.S. sex offender who was to be extradited from Cambodia will remain to stand trial after being accused of raping a 5-year-old girl, officials said on Monday.
The Cambodia Daily (paywall)

Phnom Penh airport railway project halted
The Cambodian Ministry of Public Works and Transportation has announced a halt to a railway project meant to lead to Phnom Penh airport following multiple protests by local villagers.
Bangkok Post

Tax Department reaches out to NGOs
At least three local NGOs have been called for questioning by the Ministry of Economy and Finance’s Taxation Department to clarify their tax payments, amid an aggressive tax collection campaign that has recently gone after media outlets the Cambodia Daily, Voice of America and Radio Free Asia.
The Phnom Penh Post

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Rama Ariadi    @AriadiRama

 

Indonesia does not collect taxes from rich people optimally: Sri Mulyani
Finance Minister Sri Mulyadi Indrawati has admitted that the Directorate General of Taxation has not been able to optimally collect taxes from rich people because of regulation constraints.
— The Jakarta Post

Whatever happened to Indonesia’s mighty oil and gas industry?
Once a cornerstone of the economy, Indonesia’s oil and gas sector is in a slump, even as the country’s appetite for energy soars.
— Straits Times

Indonesia’s Chinese population fears rising ethnic tensions
Old wounds reopen in Muslim-majority nation as politicians and radicals stoke hostility
— Financial Times

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Value-added tax to replace guesswork in raising revenue from SMEs
The Ministry of Finance is in the process to introduce a value-added tax (VAT) on Small and Medium sized Enterprises (SMEs) after the scheme was implemented successfully elsewhere over the past seven to eight years.
Vientiane Times

What’s behind Cambodia-Laos’ border flare-up?
After much sound, fury and troop deployments, it all ended with an embrace.
Asia Times

Chinese Firm to Build US $40 Million Elephant Conservation, Breeding Center in Laos
A Chinese state-owned enterprise said on Saturday that it will build a U.S. $40 million elephant conservation and breeding center in northwestern Laos’ Sayaboury province and develop it into a tourist attraction by the end of the year.
Radio Free Asia 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

2nd Malaysia Fest In Singapore Attracts Over 100,000 Visitors
The recently concluded Malaysia Fest 2017, which featured the very best of Malaysia in terms of food, fashion, beauty, travel and culture from more states than before, was a roaring success as it attracted a larger number of visitors, drawing more than 100,000 people.
Malaysian Digest

Malaysia’s economy seen on uptrend for next three to five years
Malaysia’s economy is expected to be on an uptrend for the next three to five years, supported by strong local and foreign investments, increase in exports as well as consistent government support for the companies.
The Star Online

Country needs 35% skilled workers in various fields by 2020
The nation needs at least 35% skilled workers among the locals in various fields, in line with the objective of making Malaysia a developed and high-income nation by 2020.
The Sun Daily

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

32 companies start commercial operations in Thilawa SEZ
A total of 87 companies from 17 countries have invested in the Thilawa Special Economic Zone Project. Thirty-two companies have begun commercial operations there, according to a press statement issued by the President’s Office.
— Eleven Myanmar

US companies monitor Myanmar reforms
There has been an enormous increase in the number of US companies keeping an eye on political and economic reforms taking place in Myanmar, said George Sibley, the deputy chief of mission of the US embassy in Myanmar.
— Eleven Myanmar

No Easy Way to Improve Myanmar’s Economy, Experts Say
The National League for Democracy (NLD)’s economic advisor U Myo Myint blamed a legacy of inept bureaucracy, deep-rooted corruption, military control, and a lack of cooperation among ministries for his party’s poor economic performance.
— The Irrawaddy

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

World Bank arranges $206m catastrophe swap for the Philippines
The World Bank has been involved in another risk-linked transaction with the completion of a catastrophe swap transaction that benefits the Philippines, providing the government with a source of parametric risk transfer against losses caused by typhoons or earthquakes.
— Artemis.bm (blog)

Peso pierces 51:$1, ends at 11-year low
The peso weakened anew against the dollar yesterday to close at its lowest in 11 years amid the threat of war between the US and North Korea.
— The Philippine Star

Brief: Philippine government suspends Uber for a month
The Philippines’ Land Transportation Franchising and Regulatory Board (LTFRB) has suspended the operations of ride-hailing company Uber for a month and urged it to compensate affected drivers.
— Tech in Asia

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat

 

Singapore confirms Zika cases at Serangoon for third time
Two new cases of locally transmitted Zika virus infection in Singapore have been confirmed at Serangoon North Avenue 1, said the National Environment Agency (NEA) on Monday.
Xinhua 

First project bond since 2000 bodes well for Asia’s debt market
THE Asean bond market is developing nicely, buoyed by the increasing sophistication of Asian investors and growing demand from global investors.
The Business Times 

Grab ramps up bid to dominate market
Fresh from raising US$2 billion (S$2.72 billion) to fuel its growth, Grab is ramping up efforts to dominate the ride-hailing market and grow its payments platform.
Today Online

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Immigration Bureau beefs up numbers at major airports to remedy delays
The Immigration Bureau has stepped up its numbers at Don Muang and Suvarnabhumi Airports to better accommodate the high volume of travelers during long holidays.
— NNT

Govt warned hasty new flood-control measures could fail
SEVERAL government agencies are busy preparing water management projects for the Cabinet to consider during its upcoming mobile meeting.
— The Nation (annoying popups)

Discarding TM6 no solution to airport queue woes
Authorities are wrong to suggest that their revised immigration cards and the plan to exempt Thai nationals from filling them in will address the long queues at overcrowded Thai airports, say industry experts.
— Bangkok Post

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

SCIC manages State capital of nearly 20 trillion VND at 141 firms
The State Capital Investment Corporation (SCIC) had invested in 141 businesses as of July 31 with total State capital of almost 19.56 trillion VND (860.6 million USD) among their combined charter capital of nearly 94.93 trillion VND (4.18 billion USD).
— VietnamPlus

Vietnam’s PM wants to speed up credit growth
Vietnam’s prime minister has called for an increase in credit growth to 21% this year to help the communist country hit its economic growth target, state media reported on Monday, potentially adding to concerns over the pace of new lending.
— Bangkok Post

Drilling ship leaves Vietnam oil block after China row
The drilling ship at the center of a row between Vietnam and China over oil prospecting in disputed waters in the South China Sea has arrived in waters off the Malaysian port of Labuan, shipping data in Thomson Reuters Eikon showed on Monday.
— Reuters

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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