Asean Morning News For December 13

Asean Morning News For December 13

Asean morning newsAsean Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Asean’s online economy seen reaching $50 billion this year
Southeast Asia’s Internet economy, spanning online travel to ride hailing, will reach $50 billion this year, putting it on a solid trajectory to grow fourfold by 2025, according to a joint research report by Google and Temasek Holdings Pte.
— Business Mirror

ASEAN, UN hold workshop on law of the sea
The Association of Southeast Asian Nations (ASEAN), in cooperation with the United Nations (UN), is holding a workshop on the Law of Sea for government officials and diplomats in the Southeast Asian region to address maritime issues.
— Antara News

Govt, Asean in talks to take IMT highway up to Vietnam
The Association of Southeast Asian Nations (Asean), has 10 member nations Indonesia, Malaysia, The Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Lao PDR, Myanmar and Cambodia.
— DD News

Singapore to host 6th Asean-EU Business Summit in March 2018
SINGAPORE will host the upcoming annual Asean-EU Business Summit on March 2, 2018, and it will coincide with the Asean Economic Ministers’ meeting with the European Union (EU) trade commissioner, said the EU-Asean Business Council (EU-ABC), the European Chamber of Commerce in Singapore (EuroCham), and the Singapore Business Federation (SBF) in a joint release on Tuesday.
— SG SME

‘ODISHA CAN BECOME GATEWAY TO ASEAN’
The Orissa High Court’s decision to dispose of a case pertaining to setting up 13 non-major ports along Odisha’s 480-km-long coastline would further boost the prospects of port infrastructure, bring in investment, create thousands of jobs and also add to the revenues of the State exchequer, said Associated Chambers of Commerce and Industry of India (ASSOCHAM) secretary general DS Rawat while unveiling a study “Indian ports sector: Challenges of scale and efficient operations,” at a Press conference here on Tuesday.
— The Pioneer

ASEAN, East Asian economic integration
United States President Donald Trump ended his five-nation, eightday tour of Southeast and East Asia at the East Asia Summit (EAS) in Manila last month. In addition to participating in the ASEAN, APEC and EAS meetings, Trump also held one-on-one meetings with several leaders from the region.
— The Jakarta Post

ASEAN, Australia Human Rights Commissions to foster closer relations
The ASEAN Intergovernmental Commission on Human Rights (AICHR) went on a study visit in Sydney and Canberra, Australia, on 4-7 December 2017. Mr Leo M. Herrera-Lim, Philippine Representative to AICHR and Chair of AICHR in 2017, led the delegations.
— Asean

Role for Asean in North Korea issue?
THE year 2017 unfolded with much activity on the Korean peninsula. The year saw around 20 ballistic missile launches and what was dubbed the most powerful nuclear test to date by the Democratic Republic of Korea (DPRK). Rhetoric and bluster flared between the leaders of the DPRK and the United States.
— New Straits Times

India to connect with Asean via cruise tourism
India will connect with Asean countries through cruise tourism and a new cruise port is being built in Mumbai for this, Road Transport and Shipping Minister Nitin Gadkari said on Monday.
— SME Times

One Belt One Road: implications for ASEAN connectivity
The ASEAN Master Plan for Connectivity (AMPC) and China’s Belt and Road Initiative (BRI) have major shared goals. Both envisage transport connectivity as a way of bringing countries closer together, improving access to trade, investment, tourism and people-to-people exchanges.
— Asia Times

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

EU Halts Funding to Cambodia’s National Election Committee
The European Union on Tuesday said it is suspending financial assistance to Cambodia’s National Election Committee, citing the dissolution of the main opposition party by the government of Prime Minister Hun Sen ahead of general elections next year.
— Radio Free Asia

Ethnic Vietnamese in Phnom Penh resigned to document purge
Ngoc Yoeung, 78, has lived in Cambodia his entire life. But yesterday, he and dozens of other ethnic Vietnamese residents reported to immigration police at the Borey Roungroeng Market on Chroy Changvar, where they were stripped of their only forms of legal documentation.
— The Phnom Penh Post

Cambodian-Americans Protest at White House Against Democratic Decline
The protest was led by several former lawmakers from the Cambodia National Rescue Party, which was dissolved by court order in November.
— VOA (video)

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Garuda Indonesia Needs Rp2.7tn Loan
State airline Garuda Indonesia needs a loan of US$200 million or approximately Rp2.7 trillion to increase its capital expenditure next year.
— Tempo

Indonesia to ban products violating national standard requirements
The Trade Ministry has announced the results of goods and product inspection throughout 2017, based on the Indonesia National Standard (SNI) and manual and guarantee card (MKG) requirements.
— The Jakarta Post

Australia-Singapore Cable lands in Indonesia
Australia’s Vocus Communications has announced the launch of its Australia-Singapore Cable (ASC) in Indonesia, in conjunction with landing partner XL Axiata.
— Telecomasia

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

China’s aid a matter of life and death for Laos
When Xi Jinping last month visited the Lao capital of Vientiane, the Chinese leader broke ground on a new health facility that will replace the decaying French colonial era Mahosot Hospital, built in 1903.
Asia Times 

Comba Telecom To Invest $110 Million In Laos To Build 4G Network
Hong Kong-listed telecommunications equipment maker Comba Telecom Systems Holdings said its Laos-incorporated subsidiary ETL plans to invest up to $110 million to build up its own 4G service network in the southeast Asian nation.
— Nikkei Asian Review

Lao nationals arrested crossing border with Bt98m
CUSTOMS officials on Tuesday discovered more than Bt98 million in Thai banknotes in a car that was trying to cross the border into Laos.
The Nation 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Elections won’t change stable business climate in Malaysia: Treasury Secretary-General
Entrepreneurs need not worry about how Malaysia’s looming elections will affect the business environment as it is a stable country with a stable government and “nothing will change”, Treasury Secretary-General Irwan Serigar told Channel NewsAsia on Tuesday (Dec 12).
— Channel News Asia

Malaysian development company seeks license to develop hydropower in Nepal
Ludhiana Holdings Sdn Bhd is seeking a survey license from the Nepal Department of Electricity Development to begin developing the 300-MW Jawa Jumla hydropower project on the Tila River, located in Karnali Zone, Nepal.
— Hydro World

PT2SB signs financing agreement for Malaysia oil storage terminal
Dutch oil and chemical storage company Royal Vopak said that PT2SB, a joint venture between it and Malaysia’s Petroliam Nasional Berhad (Petronas), Dialog Group Berhad and the Malaysian state of Johor, had signed a $1.25 billion financing agreement with a syndicate of 9 banks for an oil storage terminal.
— Reuters

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

US business chiefs scope out Myanmar deals
A team of 37 executives from 14 leading US companies met with representatives of the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) at the latter’s office last week to deepen bilateral economic relations and to seek new joint ventures with local firms.
— Eleven Myanmar

Japan’s Kamigumi plans bulk terminal at Thilawa Port in Myanmar
The joint venture between Kamigumi and Myanmar’s Lluvia is expected to be established in April 2019.
— Lloyd’s List

eVisa Myanmar Now Offering Online Visa Applications
Traveling to other countries can often require a visa, which requires a visit to the nearest embassy or consulate of that country. But now, eVisa Myanmar is seeking to make the visa application simpler and more convenient.
— Digital Journal

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Duterte wants refund, accountability from Sanofi
PRESIDENT Duterte wants French pharmaceutical firm Sanofi to be held accountable in connection with the dengue vaccine controversy, presidential spokesman Harry Roque said yesterday.
Malaya 

Underemployment rate improves, but number of jobless Pinoys higher
Nearly a million underemployed workers were able to get decent work as of October, according to the National Economic and Development Authority (Neda).
BusinessMirror 

What’s in the New Pakistan Naval Voyage to the Philippines?
A closer look at the interaction within the broader context of ties.
The Diplomat 

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Singapore’s electric car-sharing program hits the road
Singapore launched on Tuesday its first large-scale electric car-sharing program through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars.
Reuters 

Singapore is no longer on the list of the world’s 20 most expensive cities to live in : Report
It’s good news for expatriates looking to make their way to Singapore.
Business Insider 

Australia-Singapore Cable lands in Indonesia
Australia’s Vocus Communications has announced the launch of its Australia-Singapore Cable (ASC) in Indonesia, in conjunction with landing partner XL Axiata.
Telecom Asia 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

FTA talks set to resume as EU restores relations
THAILAND is expected to resume negotiations with the European Union on a Thai-EU Free Trade Agreement (FTA) after talks were suspended more than three years ago following the 2014 coup, according to top officials.
— The Nation

Two nabbed on e-cigarette charges
Two suspects were arrested for allegedly selling online electronic cigarettes via Facebook in Khlong Luang district yesterday.
— Bangkok Post

Thai PM says no trade with North Korea, ahead of US envoy’s visit
No trade takes place between Thailand and North Korea, Thai Prime Minister Prayuth Chan-ocha said on Tuesday (Dec 12), ahead of an expected visit by a US envoy seeking to step up pressure on North Korea over its weapons programmes.
— Channel NewsAsia

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

VN affirms its commitment to multilateral trading system
Viet Nam commits to the multilateral trading system and is ready to cooperate with other World Trade Organisation (WTO) members on WTO issues.
— Bizhub

Vietnamese travel firms raise concerns over ‘cost-free’ tours
Vietnamese travel firms have launched cost-free tours, copying a promotional model commonly used by airlines, to both domestic and outbound destinations. Offers include taking tourists to the U.S. at half the normal price via ‘budget packages’.
— Tuoi Tre

Remittances to hit 5.2 billion USD this year
Overseas remittances to Ho Chi Minh City is expected to total 5.2 billion USD this year, up 4.5 percent year-on-year, said an official of the State Bank of Vietnam (SBV).
— VietnamPlus

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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