Asean Morning News For July 11

Asean Morning News For July 11

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Preferring to Neither Sink or Swim Jokowi Pulls the Plug on Jakarta: Asean’s Sinking Cities
Last week the head of Indonesia’s National Development Planning Agency (Bappenas), Bambang Brodjonegoro, announced that the government is committed to moving the nation’s capital from Jakarta in Java.
— AEC News Today

Top Asean countries for luxury properties
IF you are looking for real estate investment opportunities in Asia, the Association of Southeast Asian Nations (Asean) is definitely the region you shouldn’t miss.
— The Edge Markets MY

Regional stockbrokers stepping up security against cyber attacks
STOCKBROKERS across the region have raised their defences after several cyber attacks on online trading systems in the past week.
— The Nation

Border boom pushes trade to rise 6.4% 
Improved transport with increased investment along border areas have pushed Thai border trade value in the first five months of this year up 6.4%, to 529.5 billion baht.
— Bangkok Post

World Bank funds growth in 3 nations
THE WORLD BANK is supporting 43 active projects in Laos, Myanmar and Cambodia, with commitments of over 2.7 billion US dollars (Bt92bn) as of June, according to a recent report.
— The Nation

Cordillera Unity Gong caravan to boost Asean 
IN CELEBRATION of the 30th Cordillera Month, the Unity Gong will once again go around the different provinces in the Cordillera, which started Saturday, July 8, to sustain the call for regional autonomy and empowerment.
— Sun Star

SE Asia Stocks-Largely down on fund outflow worries; Singapore up
July 10 Most Southeast Asian stock markets fell
on Monday on concerns about foreign fund outflows from emerging
markets to better-yielding U.S. assets as solid jobs data
cemented expectations of more rate hikes by the Federal Reserve.
— Reuters

MAHB Records 11.9 Per Cent Passenger Growth In June 2017
Malaysia Airports Holdings Bhd’s (MAHB) network of airports, including Istanbul Sabiha Gokcen International Airport (Istanbul SGIA), recorded 10.2 million passengers in June 2017, an 11.9 per cent growth over the same month of 2016.
— Malaysian Digest

China, Asean Strengthen Trade and Economic Links
China and the Association of Southe Eastern Asia Nations (Asean) advanced in strengthening trade and economic relations due mainly to political confidence and the annual between both parts, it was highlighted here today.
— Prensa Latina

 

Cambodia morning newsCambodia Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

REITs could offer investors a piece of the real estate boom
The Kingdom’s property sector is booming, but investment in commercial real estate and high-grade rental assets is capital-intensive, providing few opportunities for smaller investors. However, a new investment tool may be on the horizon that will allow a pool of individual investors to earn income from commercial real estate without having to actually buy the assets.
— The Phnom Penh Post 

Chinese tourists in Cambodia surge 35.6 pct in 1st 5 months
Cambodia attracted 441,070 Chinese holidaymakers in the first five months of 2017, up 35.6 percent over the same period last year, according to a Tourism Ministry report on Monday.
 Famagusta Gazette

Government approves law to guarantee energy purchase
The National Assembly approved a draft law yesterday that will guarantee the state’s purchase of electricity from two large-scale private energy projects, protecting the investments against any loss resulting from political instability.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News 

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Preferring to Neither Sink or Swim Jokowi Pulls the Plug on Jakarta: Asean’s Sinking Cities
Last week the head of Indonesia’s National Development Planning Agency (Bappenas), Bambang Brodjonegoro, announced that the government is committed to moving the nation’s capital from Jakarta in Java.
— AEC News Today

Indonesia’s Current Account Deficit to Decrease by the End of the Year
Bank Indonesia has predicted that current account deficit in the second quarter will reach two percent of Gross Domestic Product or increases by around 100 basis points from the first quarter recorded at US$2.4 billion.
— Netralnews

Tourists in Indonesia may be eating dog meat and not know it: report
Tourists on the Indonesian holiday island of Bali may be unknowingly eating dog meat, activists have said, highlighting a rampant trade that is largely hidden from public and official scrutiny.
— Global News

See here for more of today’s Indonesia Morning News 

 

Lao PDR morning newsLao PDR Morning News

Compiled by Cara Navarro    @cara_nav

 

Laos plans more cattle amid export slide
DUE TO decreased demand, the value of cattle exports from Laos decreased for the first quarter of this year compared to the same period last year.
– The Nation

Information key to boosting Korean investment
Laos has opportunities for Korean investors, but business-related information remains limited meaning the full potential remains untapped, according to the Korea Chamber of Commerce and Industry (KCCI).
– Vientiane Times

Korean franchise operators seek partners in Lao
BUSINESS operators from the Republic of Korea are seeking local partners to operate businesses under their franchise models in Laos.
– The Nation

See here for more of today’s Lao Morning News 

 

Malaysia morning news

Malaysia Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

MAHB Records 11.9 Per Cent Passenger Growth In June 2017
Malaysia Airports Holdings Bhd’s (MAHB) network of airports, including Istanbul Sabiha Gokcen International Airport (Istanbul SGIA), recorded 10.2 million passengers in June 2017, an 11.9 per cent growth over the same month of 2016.
— Malaysian Digest 

Malaysia On Track To Achieve 3 Pct Fiscal Deficit Target – Irwan Serigar
Malaysia is on track to achieve its projected fiscal deficit of 3.0 per cent this year, said Treasury Secretary-General, Tan Sri Mohd Irwan Serigar Abdullah.
 Malaysian Digest 

Najib: MAB expected to start making profit next year
Malaysia Airlines Bhd (MAB) is expected to start making profit next year, said Prime Minister Datuk Seri Najib Tun Razak said.
 The Borneo Post 

See here for more of today’s Malaysia Morning News 

 

Myanmar morning newsMyanmar Morning News

Compiled by Cara Navarro     @cara_nav

 

Central Bank enacts long-awaited finance regulations
Eighteen months after the passage of Myanmar’s landmark Financial Institutions Law, the Central Bank has issued a long-awaited set of regulations to govern the conduct of the sluggish domestic banking sector.
– Frontier Myanmar

Myanmar Technology, Malaysia’s Numix JV to invest $2.5m in broadband services
Myanmar Technology Gateway (MTG), a local technology service provider, and Malaysia’s Numix Engineering are investing $2.5 million for satellite teleport development to roll out nationwide VSAT broadband service by the end of this year.
– Deal Street Asia

Local airlines squeezed by expensive petrol and taxation 
Expensive petrol and high tax rate limit the expansion of local airlines and development of the aviation industry, according to the Department of Civil Aviation (DCA), airline companies and stakeholders in the tourism industry.
 The Myanmar Times

See here for more of today’s Myanmar Morning News 

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

April FDI retreats from year-ago record
FOREIGN direct investment (FDI) net inflows to the Philippines hit a 12-month high in April even as they slid from the year-ago record haul, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
— BusinessWorld Online

Taiwan 6th top source of visitors to Philippines in first 5 months
Manila, July 10 (CNA) The number of Taiwanese visiting the Philippines in the first five months of 2017 rose 20 percent from the previous year, making Taiwan the Philippines’ sixth largest source of overseas visitors, according to the latest Philippine Department of Tourism data.
— Focus Taiwan News Channel (press release)

80 firms in Misamis Oriental asked to pay P2-B in taxes
Some 80 private companies, including a coal-fired power plant in Villanueva, Misamis Oriental were ordered to pay more than P2 billion in back taxes or be phased out of the province’s industrial economic zone.
— The Manila Times

See here for more of today’s Philippines Morning News 

 

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Business travel spending in Singapore to grow faster than world average
BUSINESS travel spending for Singapore is projected to grow by 4.3 per cent this year – slightly above the global average – to S$17.2 billion, according to a report.
— The Business Times 

Singapore has a new venture fund run by students that invests only in student-founded startups
New Singapore-based venture fund Protégé Ventures has two distinct characteristics: it is run by students and only invests in startups with at least one student co-founder.
— e27 

Tower Transit raises bus drivers’ basic pay to more than S$2,000
Public bus operator Tower Transit Singapore said on Monday (Jul 10) it will raise the salaries of its bus drivers and other staff by 3.7 per cent – bumping up the basic pay for its new bus drivers to more than S$2,000 for the first time.
 Channel NewsAsia 

See here for more of today’s Singapore Morning News 

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Shortage of migrant labour hits key sectors
MANY SECTORS, including construction in the capital, fisheries in the South and agriculture in border areas, are facing labour shortages due to the tough new labour law, sources said yesterday as migrant workers began returning to Thailand.
— The Nation

Air Force eyes 12-jet deal 
Deputy Prime Minister Prawit Wongsuwon will seek cabinet approval Tuesday for the purchase of an additional eight supersonic T-50 jet trainers worth 7.9 billion baht from South Korea, a government source said.
— Bangkok Post

NCPO shrugs off call for military reform
The National Council for Peace and Order has shrugged of a call for a military reform after a committee was set up for the reform of the police force, saying the armed forces have continued to adjust themselves in line with the changing situation.
— Thai PBS

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Cara Navarro    @cara_nav
 

Large corporations rush to lift foreign ownership ratio limit
A number of leading corporations have lifted the foreign ownership ratio limit after the government issued Decree 60.
– VietnamNet Bridge

Facebook business must pay five per cent revenue tax
Small and home-based business owners who use the Facebook platform to sell products and have revenue of more than VND100 million (US$4,500) per year will be taxed at five per cent.
– Viet Nam News Bizhub

Saigon’s housing market hits highest sales since 2011 bubble crisis
Ho Chi Minh City saw a strong performance in the apartment business in the second quarter this year, thanks largely to the affordable segment.
– 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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