Asean Morning News For May 15

The most comprehensive #Asean Morning News Roundup published

Asean Morning News For May 15
Estimated Reading Time: 10 minutes |

Asean morning newsAsean Morning News

Compiled by AEC News Today    @aecnewstoday

 

China’s influence continues to grow in ASEAN
China has deepened its influence on ASEAN nations, and the just-concluded ASEAN Summit with its chairman’s watered-down statement stands testimony to this.
– The China Post

China’s Xi says Belt and Road needs to reject protectionism
Chinese President Xi Jinping said that said it was necessary to coordinate policies with the development goals of institutions including the Asia-Pacific Economic Cooperation (APEC), ASEAN, African Union and the European Union.
– India Today

Top ASEAN military officials to meet in Manila
The military chiefs from the Association of Southeast Asian Nations (ASEAN) started arriving in Manila Sunday to attend conferences to strengthen cooperation among ASEAN militaries in addressing common security challenges facing the region.
– Xinhua

Time to rethink export-led manufacturing model of Asean, say experts
With machines doing the work of people in factories and shifts in global trade sentiment, Asean’s export-led manufacturing model for prosperity needs a relook, delegates at the World Economic Forum’s (WEF) Asean meeting in Phnom Penh said.
– The Straits Times

More Asean companies tapping US$ bond markets as they go offshore
SOUTH-EAST Asia’s companies are tapping more funds in the international market, a sign of their global ambitions.
– The Business Times

The way forward for the ASEAN Community
It has been one year since the realisation of the ASEAN Community and its achievements so far have been mixed.
– East Asia Forum

Revolution 4.0 challenges Asian countries seeking inclusive growth
The pervasive sentiment of Asian financial leaders and economists who gathered for the ADB’s 50th annual meeting in Yokohama in the past few days was optimism about Asia’s prospects. They expressed confidence that the region would continue to lead global economic growth, despite some political instability and indications of protectionism seen elsewhere.
– VIETNAMNET Bridge

 

Introducing The AEC News Today Mobile App

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS hereDownload the AEC News Today mobile app for Android here

 

 

 

 

 

 

Cambodia morning newsCambodia Morning News

Compiled by John Le Fevre    @photo_journ

 

E-payments to dethrone cash
While digital payments show great promise to drive economic growth and increase financial inclusion in Southeast Asia, targeted approaches that address local cultural barriers are key to the widespread adoption of e-commerce and e-payments, industry players said during the World Economic Forum (WEF) on Asean summit, which wrapped up on Friday.
– The Phnom Penh Post

Grilled pork franchise business set to expand to Laos, Cambodia
Preecha Klongchit spent Bt20,000 in 2011 to launch a grilled-pork franchise, Kim Soon Grilled Pork, and it now generates revenue of Bt240,000 a day.
– The Nation

Chinese FDI to flow in on Silk Road
Cambodia could see massive investments as a result of China’s latest pledge to funnel an enormous sum into developing infrastructure as part of its New Silk Road initiative, an analyst said yesterday.
– The Phnom Penh Post

See here for more of today’s Cambodia Morning News >>>

 

Introducing The AEC News Today Mobile App

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS hereDownload the AEC News Today mobile app for Android here

 

 

 

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

Indonesia warns of more cyberattack havoc as business week starts
The Indonesian government said the global cyberattack that takes computer data hostage is likely to cause more havoc when offices reopen for business.
– The Star Online

Meikarta Breaks MURI Record for Biggest Apartment Sale
he grand launching of the Meikarta apartments sale has broken the record of Indonesia’s Museum of Records, or MURI, for the largest number of buyers in one day.
– Jakarta Globe

Indonesia‘s Economic Growth Blows Optimism in World Business
Indonesia’s economic progress in various aspects, including in consumer indexes, has given an impetus to the business sector in the country.
– Netralnews

See here for more of today’s Indonesia Morning News >>>

 

Lao PDR morning newsLao PDR Morning News

Compiled by Stella-maris Ewudolu    @Estee

NA supports enactment of Data Protection Law
While National Assembly (NA) members spoke in support of enacting the Law on Data Protection, many expressed confusion as to whether this law differed from the Law on ICT and Law on Cyber Crime.
– Vientiane Times

Dispute with Laos persists
Laos and Cambodian soldiers remain “face to face” with each other in a disputed border region in Stung Treng province, a provincial military commander said yesterday, an assessment that appeared at odds with a recent statement by the Laos prime minister downplaying the standoff relayed by Prime Minister Hun Sen.
– The Phnom Penh Post

In Laos, it’s taking shape
s the sun beat down on Chinese workers driving bulldozers, four huge tractor-trailers rolled into a storage area here in Vang Vieng, a difficult three-hour drive over potholed roads from the capital of Laos, Vientiane. They each carried massive coils of steel wire.
– The Telegraph

See here for more of today’s Lao Morning News >>>

 

Malaysia morning news

Malaysia Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

Unemployment rate drops to 3.4% in March
Malaysia’s unemployment rate for March 2017 dropped to 3.4%, down 0.1 percentage points compared to the previous month, according to the Statistics Department.
– thesundaily

Malaysia issues 2,485 temporary work permits to Chinese nationals in Johor
According to Bernama, the Malaysian Immigration Department has issued 2,485 temporary work permits as well as 1,682 employment and professional visit passes to Chinese employees of four construction projects in Johor, including the Forest City project in Gelang Patah.
– Human Resources Online

Malaysia and China on course to RM700bil trade goal
Malaysia and China can achieve their goal of US$160bil (RM694bil) in bilateral trade in the next two years with continued investments from the Middle Kingdom under its Belt and Road initiative, said Datuk Seri Liow Tiong Lai.
– The Star Online

See here for more of today’s Malaysia Morning News >>>

 

Introducing The AEC News Today Mobile App

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS hereDownload the AEC News Today mobile app for Android here

 

 

 

 

Myanmar morning newsMyanmar Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

FGV scraps rubber venture in Myanmar
Felda Global Ventures Holdings Bhd (FGV) has scrapped plans to build a rubber processing plant worth RM30 million to RM45 million in Myanmar, as part of its venture into the rubber industry there.
– thesundaily

Unilever and EAC in Myanmar joint venture
Consumer goods giant Unilever has teamed up with a Myanmar partner to manufacture and sell home and personal care products in the country.
– The Straits Times

Aust firms urged to invest in Myanmar
THOUGH Australian businesses are still cautious about doing business in Myanmar, they should not hesitate to enter the country, as both governments are committed to supporting bilateral economic ties, according to an Australian diplomat.
– The Nation

See here for more of today’s Myanmar Morning News >>>

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

Philippines’ c.bank says not right time to talk about easing policy
Philippine central bank deputy governor Diwa Guinigundo said on Monday now is not the best time to ease monetary policy by reducing reserve requirements because inflation is accelerating.
–Nasdaq/ Reuters

Philippines to save P10 B yearly on shift to renewable energy
The Philippines stands to save over P10 billion a year if it replaces diesel generation in off-grid areas with renewables, the Institute for Energy Economics and Financial Analysis (IEEFA) and Institute for Climate and Sustainable Cities (ICSC) said.
– Philstar

China offers $500-M arms loan to Philippines
MANILA, Philippines — loan to the Philippines, which can be used to procure defense equipment, Defense Secretary Delfin Lorenzana revealed Sunday.
– Philstar

See here for more of today’s Philippines Morning News >>>

 

Introducing The AEC News Today Mobile App

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS hereDownload the AEC News Today mobile app for Android here

 

 

 

 

Singapore morning newsSingapore Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

S’pore malls among victims of global cyber attack
Friday’s cyber attack has hit 200,000 victims in at least 150 countries, including in the Republic, with the Cyber Security Agency of Singapore (CSA) reporting that there are retail malls known to be affected.
– Today

Singapore private home sales in April doubles from year earlier
Sales in Singapore of private homes by developers more than doubled in April from a year earlier, government data showed on Monday.
– Reuters

SingPost shares down 6 pct as it reviews acquisition of TradeGlobal
Shares in Singapore Post <SPOS.SI> fell as much as 6 percent on Monday to their lowest in more than a year after the firm said it was conducting an in-depth review of an acquisition of a U.S. e-commerce firm for which it took a significant impairment charge.
– Nasdaq/ Reuters

See here for more of today’s Singapore Morning News >>>

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Airports of Thailand to end outsourcing of main functions
AIRPORTS OF THAILAND (AOT) will stop outsourcing contracts for its main businesses, while planning to set up subsidiaries to take over the currently outsourced operations, given frequent uncontrollable problems.
– The Nation

Thai cops foil plan to smuggle drugs to Europe via Malaysia
n yet another crippling blow to international drug syndicates, Thai authorities intercepted a consignment of drugs bound for a European country by pre-empting a plan to use Malaysia as a transit point.
– The Star Online

Six-legged livestock – sustainable food production
Identifying areas of particular high impact is an important step to improving the environmental sustainability of production systems. Insects have been heralded as the foods of the future – and now the first study to measure the environmental impacts and identify hotspots associated with commercial insect production has been published.
– Space Daily

See here for more of today’s Thailand Morning News >>>

 

Introducing The AEC News Today Mobile App

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS hereDownload the AEC News Today mobile app for Android here

 

 

 

 

Vietnam morning newsVietnam Morning News

Compiled by John Le Fevre    @photo_journ

 

VN grants licence to Kien Giang gas project
The Block B of O Mon gas pipeline project in the Mekong Delta province of Kien Giang this week received its investment certificate.
– Viet Nam News bizhub

Vietnam: Hackers targeting multinational corporations – expert
HACKERS either working for the Vietnamese government or on their behalf have broken into the computers of multinationals operating in the country as part of an increasingly sophisticated cyberespionage campaign, cybersecurity company FireEye said.
– Asian Correspondent

More banks to repurchase bad debts from VAMC
After a period of actively selling non-performing loans to the Vietnam Asset Management Company (VAMC), banks are buying back the debts from the VAMC to handle by themselves.
– VietnamPlus

See here for more of today’s Vietnam Morning News >>>

 

Introducing The AEC News Today Mobile App

See full details, including our AEC News Today Mobile App Privacy Statement here: Stay up to Date With The AEC News Today Mobile App

Download the AEC News Today mobile app from Google play or the App stores by clicking the icons below.

Download the AEC News Today mobile app for iOS hereDownload the AEC News Today mobile app for Android here

 

 

 

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.

 

 

 

Do you know more about this story? Leave a comment or email: feedback@aecnewstoday.com