Asean Morning News For August 21

Asean Morning News For August 21

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Asean must embrace Industry 4.0
From AI and robots to big data and clean energy, disruptive technologies are rapidly redefining our daily lives, our businesses, our economies. And in our interconnected world, these deepening impacts of “Industry 4.0” should compel countries to prepare for the changes. Asean countries are advised to focus in particular on the new technologies related to digital economy. However, in order to do so successfully requires overcoming a few key challenges: ensuring that necessary regulation and public infrastructure is in place, developing human resources and intensifying mutual cooperation.
— Bangkok Post

Local investors’ exposure to ASEAN markets grows
Taiwanese financial holding companies’ exposure to ASEAN has grown by more than NT$100 billion (US$3.3 billion) since June last year, according to statistics released on Saturday by the Financial Supervisory Commission.
— Taipei Times

Fighting the vicious circle in the Golden Triangle
It took almost four hours to travel along the 160-kilometre mountainous route from Myanmar’s town of Tachileik, bordering Chiang Rai, to Kengtung in the eastern state of Shan, but the officials from six…
— Bangkok Post

Jakarta distraught over flag mishap
Indonesia has accused the organisers of the Southeast Asian Games in Malaysia of negligence after its nondescript flag was printed upside down, making it look like the Polish emblem, in a programme.
— Asean Economist

5 amazing things from 5 more ASEAN countries
ASEAN the organisation of 10 South-East Asian nations celebrated its 50th anniversary recently on Aug 8. Last Wednesday we had run some interesting and amazing points of note from five of the countries in ASEAN.
— Asia one

ASEAN’s golden anniversary heralds a golden age for infrastructure
ASEAN marks its 50th anniversary with its biggest economies pledging to double infrastructure investment to more than US$700 billion (Bt23.2 trillion) in a fiveyear span that could enhance trade, tourism and development and drive sustainable economic growth for decades to come.
— ThaiVisa News

Workshop to enhance ASEAN’s e-commerce capacity
The ASEAN-Korea Centre will organize an e-commerce workshop for Greater Mekong Subregional (GMS) countries ― Cambodia, Lao PDR, Myanmar, Thailand, and Vietnam ― in Seoul from Tuesday to Thursday.
— The Korea Times

Malaysia apologises to Indonesia over flag blunder
Malaysia has apologised to Indonesia over the upside down printing of the Indonesian flag in a souvenir guidebook handed out at the opening of the Southeast Asian Games.
— Bangkok Post

The Asean Charter: Evolutionary or revolutionary?
The Association of South-east Asian Nations (Asean) Charter has been in force now for nearly a decade.
— Today Online

ACB’s new home: A symbol of commitment
The Asean Centre for Biodiversity (ACB) has a new home. The regional biodiversity center inaugurated its new building within the University of the Philippines Los Baños campus in Laguna recently.
— Business Mirror

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

GoBusiness17: Cambodia’s World Record Attempt to Promote SMEs (video)
The role that small and medium enterprises (SMEs) have played in reshaping Cambodia’s economy cannot be overlooked and it certainly hasn’t been by the country’s leadership… in fact it wants more people to start their own businesses
AEC News Today 

Central bank fines MFI for shady lending
The central bank announced on Friday that it has fined an unnamed microfinance institution (MFI) $100,000 for engaging in non-transparent lending practices.
The Phnom Penh Post

Cambodia Daily given till Sept 4 to pay taxes
The Tax Department’s Kong Vibol on Saturday said English-language newspaper the Cambodia Daily faced shuttering and the seizure of its assets if it failed to pay back taxes it allegedly owes by September 4 – a seeming escalation in the government’s recent targeting of NGOs and independent media outlets for tax-related scrutiny.
— 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 Was Supposed To Be Embracing Freedom. What Happened?
The toppling of dictator Suharto ushered in an era of enlightenment that put the country on the road to democracy. Two decades later, rights groups fear it is regressing to its dark past
— South China Morning Post

What next after Indonesia’s tax amnesty
The Indonesian government has just completed the largest tax amnesty programme in the country’s history.
— Live Mint

Sea Games Upside-down Flag: Indonesia Sends Diplomatic Note
In response to the upside down Indonesian flag printed on SEA Games booklet, Foreign Affairs Minister Retno Marsudi stated that she has communicated with Malaysia Foreign Affairs Minister.
— Tempo (EN)

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

New facilities to develop aquaculture in Laos
Several new facilities that will help increase fish production in Laos and improve the livelihoods of people engaged in fishing are being built under a project for Strengthening Research and Development of Fisheries and Aquaculture.
Vientiane Times

Government Wins Back Lottery Draws to Once a Week
The Prime Minister’s Office on Thursday issued an announcement stating the reduction of the frequency of the Lao Development Lottery draws from twice to once a week.
Lao News Agency 

UXO continue to kill, maim local population
A total 28 people have been killed and seriously injured by unexploded ordnance (UXO) this year in Laos with this number expected to further increase before year end, officials reported.
Vientiane Times 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Malaysia ready to embrace digital economy
The digital economy is an emerging trend in the global business landscape, with an increasing number of organisations, companies and investors adopting it.
— The Star Online

Malaysia’s second quarter GDP exceeds expectations
alaysia’s gross domestic product (GDP) growth for the second quarter of 2017 (2Q17) exceeded expectations, growing at its fastest pace in two years.
— The Borneo Post

Malaysia’s RM266b state fund wants to hold less cash
Malaysia’s largest state-owned fund manager is looking to hold less cash even as it struggles to make acquisitions that would generate attractive returns.
— The Business Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

Gas exports raise $1b since August
Myanmar earned US$1.07 billion from natural gas exports until early August this fiscal year, according to the Ministry of Commerce.
— Eleven Myanmar

Ministry warns gold mining companies to payoutstanding debt
There are outstanding 150 viss of gold debts to be paid by over 100 gold mining companies to the government, U Phone Myint, deputy director from No. 2 Mining Enterprise under the Ministry of Natural Resources and Environmental Conservation, told The Myanmar Times.
— Myanmar Times

KBZ Bank partners with VMware to drive digitalization for business success
Kanbawza Bank (KBZ Bank), Myanmar’s largest private bank, today announced a partnership with VMware Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, in a move to virtualize its data center and meet the business demands of Myanmar’s growing digital economy.
— Market Insider

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Monetary stance to remain flexible amid low inflation, ample liquidity
Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said monetary policy stance remains flexible and will adjust when necessary, enhanced by an arsenal of policy tool kits.
— Manila Bulletin

ADB has $3.8-B in loans, $21.8-M in non-lending programs for PH infra, social services projects
The Philippines can tap about $3.8 billion in loans and another $21.8 million in the form of non-lending programs from the Asian Development Bank (ADB) to help fund its accelerated spending programs on infrastructure and social services on the Duterte watch, according to the Department of Finance (DOF).
— Philippine Information Agency

Among Asian currencies, Philippine peso is unloved
Asian emerging-market curren-cies have been having their best year since before the 2013 taper tantrum, bolstered by pace-setting growth rates and attractive yields.
— Business Mirror

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat

 

USS John S. McCain collides with merchant ship east of Singapore
A US destroyer was involved in a collision with a merchant ship east of Singapore on Monday (Aug 21), the US Navy said in a statement.
Channel NewsAsia 

Singapore has ‘natural advantage’ to be a Smart Nation
WHILE Singapore may already have the right ingredients to become a Smart Nation, the country still lags behind other major cities in several areas when it comes to taking full advantage of technological advances.
The Business Times 

Singapore outlines plan to ‘catch up’ on becoming cashless society
Despite its advantages as a well-connected society, Singapore still lags behind other cities in some areas and will need to catch up and be better prepared for future transformation.
ZDNet 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Civil engineering work under high speed rail project given 3.5 billion baht budget
The committee for Thailand-China cooperation in a high speed rail project has earmarked some 3.5 billion baht in budget for civil engineering work.
— NBT World (video)

Automatic Channel for foreigners launched at Suvarnabhumi Airport
The Immigration Bureau has launched the Automatic Channel to register foreign passengers for the first time at Suvarnabhumi Airport.
— NNT

Far-reaching changes afoot for excise tax
Organic laws concerning the new excise tax rates, which will apply to all products subject to excise duties except for alcohol and cigarettes, will top the cabinet’s agenda this week.
— Bangkok Post

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Vinaphone debuts carrier billing on Google Play
With the launch, 95% of the population of Vietnam can now make payments on Google Play through Fortumo – significant for a country with smartphone penetration of 40% but credit card ownership of below 2%.
 Telecomasia.net

Steel maker to invest in 97 million USD factory
Nam Kim Steel Joint Stock Company has approved a report on the pre-feasibility study, conducted for setting up a steel sheet factory in the southern province of Ba Ria-Vung Tau.
— VietnamPlus

Petrol prices increased to VNĐ17,486 per litre
The domestic retail price of RON 92 petroleum increased by VNĐ461 to trade at a maximum of VNĐ17,486 (77 US cents) per litre, as of 3pm on Saturday.
— Viet Nam News

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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