Asean Morning News For August 31

Asean Morning News For August 31

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Cyber threats to rise with Internet of Things
Business organizations in Southeast Asia will be more exposed to cyber attacks as the Internet of Things (IoT) gains ground in the region, a security solutions provider said.
— The Manila Times

East Timor’s Accession to ASEAN
On 22 July 2017, the young Southeast Asian country of East Timor held its first Parliamentary Elections without the supervision of the United Nations (UN). Fears of the country’s economic future dominated campaign rhetoric, with various parties putting forward their plans to revive the economy. The outcome of the election showed that voters wanted the two political parties of the incumbent government, the National Congress for Timorese Reconstruction (CNRT), and the Fretilin Party, to stay in power.
— Asean Today

Foreign minister urges ASEAN support for S. Korea’s N.K. policy
Foreign Minister Kang Kyung-wha called for strong support from the Association of Southeast Asian Nations (ASEAN) for South Korea’s policy vision toward North Korea in a conference on two-way cooperation Wednesday.
— Yonhap News

WTO chief calls for prudent use of nontariff measures
World Trade Organization (WTO) Director General Roberto Azevêdo on Tuesday joined Asean member-nations in urging countries to reduce nontariff barriers (NTBs) to cut down poverty and improve growth in developing economies, such as the Philippines.
— Business Mirror

Increasing coal plant emission standards
The East Asia Summit region depends heavily on coal, given its abundance, as a reliable energy source. Coal use patterns around the region reflect the rising demand for electricity needed to power and steer economic growth.
— The Phnom Penh Post

Turkey begins foray into Southeast Asia through Vietnam
During his visit to Hanoi last week, Turkish Prime Minister Binali Yıldırım called Vietnam “a very beautiful country entrusted by Uncle Ho to younger generations” and praised his hosts for their economic and social development.
— Asia Times

AICHR to run migrant worker protection trial
Indonesia’s representative to the ASEAN Intergovernmental Commission on Human Rights (AICHR), Dinna Wisnu, plans to conduct a pilot project next year that would connect three aspects of dealing with human trafficking: prevention, prosecution and handling of victims.
— The Jakarta Post (paywall)

PH sustains lead manufacturing index, highest in ASEAN
The country has sustained its leading position in terms of Purchasing Managers’ Index (PMI) for the manufacturing sector at 53.9, the highest among ASEAN Member States.
— Philippine Information Agency

Philippines, Indonesia, Malaysia plan meet on international terrorism
The leaders of the Philippines, Indonesia and Malaysia may meet to discuss international terrorism, President Rodrigo Duterte said Wednesday, as Filipino troops plan their final assault against Islamic State-styled militants in Marawi City.
— The Philippine Star

Malaysia wins 145 golds to rule 29th SEAG
Host Malaysia has won 145 gold medals at the Southeast Asian Games to emerge as overall champions for the first time in 16 years, making it a double celebration in conjunction with its 60th anniversary of its independence from British rule.
— The Philippine Star

Grab And Toyota Launch Data Collaboration Initiative For Connected Car Services
Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced the launch of a new data-focused pilot programme with Toyota Motor Corporation, Toyota Financial Services Corporation, and Aioi Nissay Dowa Insurance Co., Ltd. The project aims to use data analysis to enable Grab to offer its driver partners across the region improved access to connected car services that will improve their experience on the Grab platform.
— Payment Week

The ASEAN (Association of Southeast Asian Nations) automotive composites market is expected to grow at a CAGR of 6.5% from 2017 to 2022
Trends, opportunities and forecast in this market to 2022 by application (exterior, interior, power train system, under body system, electrical and electronics and others), material (SFT, LFT, SMC, BMC, GMT and others), fiber composites (glass fiber composites, carbon fiber composites, and natural fiber composites), resin type (PP, PA, PBT, polyester, vinyl ester, and other composites), resin group (thermoplastic and thermoset composites) and country (Malaysia, Thailand, Vietnam, Indonesia)
— Digital Journal

The United States Empowers Youth in ASEAN Countries
In early August, 80 students from 10 Association of Southeast Asian Nations (ASEAN) countries attended the Young Southeast Asian Leaders Initiative (YSEALI) Generation: ECommunity workshop in Hanoi, Vietnam, funded by the US Department of State. For the four days of the workshop, the participants deepened their knowledge about sustainable development and civic engagement in ASEAN by meeting with experts from the ASEAN Economic Community, US-ASEAN Business Council, and the Center for Social Initiatives Promotions.
— HuffPost

ASEAN airlines forecast to fly more passengers in next 12 months
ASEAN airlines can expect more passengers in the next 12 months, according to a recent survey by the FT Confidential Research (FTCR), a research service from the UK’s Financial Times.
— Vietnam Plus

Asean takes the stage
AIRASIA’S annual designer search, AirAsia Runway Ready Designer Search, held its 2017 Grand Finale recently at the Kuala Lumpur Fashion Week Ready To Wear 2017 (KLFW RTW 2017).
— The Sun Daily

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Container Markets Cashing in on Latest Consumer Trends
When Srey Chanthorn’s company came up with the idea of launching a container market in Phnom Penh, based on a successful concept in Bangkok, he knew within days of opening that it was going to be very lucrative.
The Cambodia Daily

Exhaustion causes 73 to faint at H&M factory in Cambodia
Over 70 garment factory workers at an H&M supplier factory in Cambodia fainted due to exhaustion on Wednesday, according to local media.
Daily Sabah

Insurance sector sees healthy expansion
Cambodia’s insurance industry continued to experience strong growth during the first half of this year, with the total gross premium reaching $68 million, an increase of 21 percent compared with the same period in 2016, according to a report released yesterday by the Insurance Association of Cambodia (IAC).
The Phnom Penh Post

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Rama Ariadi    @AriadiRama

 

1.4m hit as severe drought ravages crops in Indonesia
A lingering drought in parts of Java and West Nusa Tenggara province is ravaging rice fields, drying up reservoirs and causing a shortage of clean water, directly affecting 1.4 million people.
— Straits Times

Indonesia to Announce the 16th Economic Policy Package
Indonesian Chief Economics Minister Darmin Nasution said the Indonesian government will announce the 16th economic policy package on Thursday morning (31/08).
— Indonesia Investments

Indonesia to boost potential of newly registered islands 
The government is seeking to maximize the benefit from Indonesia’s recently registered islands, which have been verified by the United Nations.
— The Jakarta Post

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Thai-Lao vehicle, accident insurance agreement signed 
Bangkok Insurance Plc on Wednesday signed a reciprocal deal with APA Insurance of Laos on vehicle and accident cover for their respective clients during visits to the other’s country.
— Bangkok Post

Unregistered Taxi Vans Increase in Number
The number of unregistered vans providing passenger service between Vientiane and northern provinces is on a rise, posing numerous challenges for those driving legally as well as causing road accidents.
— Lao News Agency 

World Bank provides 250b kip for prevention of natural disasters
The World Bank has provided financing of more than 250 billion kip (US$31 million) to Laos, to implement the Lao Southeast Asia Disaster Risk Management project.
 Vientiane Times 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Bursa Malaysia to close on Monday
Bursa Malaysia Bhd and its subsidiaries will be closed on Monday (Sept 4) in conjunction with a special public holiday that was announced by Prime Minister Datuk Seri Najib Razak today.
— The Edge Markets

Malaysia’s Axiata to buy Pakistan telecom towers firm for $940 mn
Malaysian telecommunications firm Axiata Group’s infrastructure unit is buying telecom towers in Pakistan for $940 million in partnership with a local conglomerate, in what will be one of the biggest deals in the South Asian nation.
— Business Standard

Malaysia burns foreign trawler to curb illegal fishing
Malaysian maritime authorities on Wednesday publicly set fire to a foreign fishing boat for the first time in a move to deter illegal fishing.
— The News & Observer

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

Doing Business in Myanmar? Check this Out
If you are planning on doing business in Myanmar one necessary resource in your armoury of data is the informative reports published by Hong Kong-based Conventus Publishing (Asia), under the Conventus Law brand.
— AEC News Today

Myanmar’s MyTel to launch 4G in 1H18
Vietnamese operator Viettel’s joint venture in Myanmar plans to launch 4G-only services in the first quarter of next year.
— telecomasia.net

First rice export bilateral agreement signed
The National League for Democracy-led government is set to sign its first ever government-to-government (G-to-G) rice export bilateral agreement, according to the commerce ministry. The country is likely to sign a Memorandum of Understanding (MoU) to export rice to Bangladesh in early September.
— Myanmar Times

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

PH sustains lead manufacturing index, highest in ASEAN
The country has sustained its leading position in terms of Purchasing Managers’ Index (PMI) for the manufacturing sector at 53.9, the highest among ASEAN Member States.
— Philippine Information Agency

China exploits the Philippines’ soft-pedalling in South China Sea
Just days after the Association of Southeast Asian Nations ended a series of ministerial meetings in Manila in early August the Philippines faced a fresh and daunting challenge in the South China Sea.
— Nikkei Asian Review (paywall)

DoF uncovers P50-M ‘white elephant’ IT deal
THE Department of Finance (DoF) has uncovered a P50-million “white elephant” information technology (IT) project supposedly meant to support the Treasury’s operations in Manila from a remote location in the Visayas.
— The Manila Times

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat

 

Toyota unit invests in Grab to power big data push
GRAB Inc and a unit of the Toyota Motor Corporation on Wednesday announced a collaboration targeted at Grab drivers, rather than towards users of the ride-sharing platform.
 The Business Times 

‘World’s largest pre-school’ opens in Singapore, with capacity for 2,100 children
A pre-school with capacity for 2,100 children officially opened in Singapore on Wednesday (Aug 30).
— Channel NewsAsia 

Fighting diabetes, one plate of nasi lemak at a time
At Dr Elly Sabrina Ismail’s home off Bukit Batok, a punching bag hangs from the ceiling in stark contrast to an otherwise elegant room.
 Channel NewsAsia 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Thailand’s tourist arrivals and revenue continues growth in 3rd Quarter of 2017
Thailand expects to enjoy continued growth both in tourist arrivals and tourism revenue during the 3rd quarter of this year.
— TAT News

Fast-moving consumer goods see sluggish growth
The sales of fast-moving consumer goods (FMCG) grew by just 1% in the first half, the lowest rate in the past decade, says market research firm Kantar Worldpanel Thailand.
— Bangkok Post

Cashless society seen in three years
THE Thailand E-Payment Trade Association (TEPA) believes Thailand will go cashless within three years. E-money accounts would grow this year by 10 per cent from 40 million or about 60 per cent of the population last year and online payments by 20-30 per cent from Bt170 billion, according to TEPA.
— The Nation (annoying popups)

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

VN-Index rebounds, led by real estate
Shares rebounded slightly on the HCM Stock Exchange after a bearish session on Wednesday, propped up by strong growth of real estate and steel stocks.
— Viet Nam News

Toyoda Gosei to Establish a New Airbag Parts Plant in Vietnam
Toyoda Gosei Co., Ltd. will establish a new plant in Vietnam to meet growing demand for airbags as safety regulations become more stringent in regions around the world.
— Business Wire

Cereal, drinks companies often overlook risk of forced labor in sugarcane – study
Sugarcane is often harvested by rural migrant workers with machetes who work long hours for low wages in hazardous conditions.
— 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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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