Asean Morning News For May 23

Asean Morning News For May 23

Asean morning newsAsean Morning News

Compiled by AEC News Today    @aecnewstoday

 

IATA: Ground service quality dwindling
Available airline seats in Asia have grown by 7% since 2011, forcing ground operators to deal with ebbing service quality and manpower shortages, aviation experts said yesterday at a conference in Bangkok.
– Bangkok Post

Asia ministers in push for China-led free trade pact
Asian trade ministers met Monday to hammer out the terms of a massive China-led pact that has taken centre stage as Washington pulls away from regional free trade deals
– Inquirer.net/ AFP

Embrace automation
MANY, if not most, workers in the world believe that globalisation and free trade hurt jobs and reduce incomes. It has not helped that great figures of authority, even intellectual giants, hold these views, some as a matter of ideology and others as a matter of perceived fact.
– New Straits Times

AFP chief: There is pressing need to secure ASEAN
There is a strong need to secure the Association of Southeast Asian Nations (ASEAN) regional bloc given its economic leverage and potential, Armed Forces of the Philippines (AFP) chief-of-staff Gen. Eduardo Año said.
– PHILIPPINE CANADIAN INQUIRER/ Philippine News Agency

16 Asia-Pacific Nations Incl Indonesia Agree to Conclude Free Trade Talks Soon
Ministers from 16 Asia-Pacific countries agreed Monday in Hanoi to conclude a regional free trade deal swiftly, with their joint statement expressing their hope to strike a deal by the end of this year, which falls in the “milestone year” of ASEAN’s 50th anniversary.
– Netral English

China’s ‘New Silk Road’ up close
In August last year a top Chinese economist, Zhang Yuyan, director of the Institute of World Economy and Politics of the prestigious Chinese Academy of Social Sciences, delivered a lecture at the Asian Institute of Management (AIM) in Makati City, during a forum on “The Role of China in Global Economic Affairs”.
– Business Mirror

MFA hosts 4th Thailand Pacific Island Countries Forum
The Ministry of Foreign Affairs has organized the Thailand-Pacific Island Countries Forum with a focus on developing the economies and relations between Thailand and the Pacific island countries. Thailand presented the forum with the production of alternative energies in line with the Sufficiency Economy philosophy.
– NBT World (VDO)

PIA ASEAN youth forum kicks off in Sarangani
Some four hundred youth from all over Sarangani will participate in the Provincial ASEAN Youth Forum on Tuesday (May 23) at Isla Jardin del Mar Gumasa, Glan, Sarangani.
– Philippine Information Agency

 

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Cambodia morning newsCambodia Morning News

 

Cambodia’s Capital Calm Amid Election Campaign Restrictions
The third day of campaigning ahead of commune elections remained relatively quiet Monday in Cambodia’s capital Phnom Penh amid tight restrictions by the country’s electoral body, while civil society groups urged parties to refrain from using rhetoric that could lead to political violence.
– RFA

Cambodian Tourism Startups Selected as Finalists in Program
Two Cambodian tourism startups have made it to the final round of a regional accelerator program and are set to pitch their ideas to international investors next month in Laos.
– The Cambodia Daily (paywall)

Belarus plans to increase export of tractors to Cambodia
Ambassador Extraordinary and Plenipotentiary of Belarus to Vietnam and concurrently to Cambodia Vladimir Goshin visited Cambodia on 19-22 May, BelTA learned from the press service of the Belarusian Ministry of Foreign Affairs
– Belarus News

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Indonesia morning newsIndonesia Morning News

 

Indonesia Ranked in Third Position over Fishery Exports in SEA
Indonesia’s fishery exports to neighboring countries ranked third in Southeast Asia, Maritime Affairs and Fisheries Minister Susi Pudjiastuti stated during the 44th anniversary of the Indonesian Fishermen Association (HNSI) celebrated here on Sunday.
– Netral English

Vietnamese, Indonesian patrol boats square off in Natuna waters
Indonesian authorities released five Vietnamese vessels after a patrol boat belonging to the neighboring country intercepted in the arrest of the vessels for fishing illegally in Natuna waters in Riau Islands on Sunday, an official has confirmed.
– The Jakarta Post

Increased Infrastructure Financing Expected After Indonesia Secures Investment-Grade Status
Securing investment-grade status from global credit rating agency Standard & Poor’s gives Indonesia a stronger footing to pursue more infrastructure developments, a state minister said on Monday (22/05).
– Jakarta Globe

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Lao PDR morning newsLao PDR Morning News

Vietnam looking to import cattle to meet increasing demands
Vietnam has requested Vientiane authorities to supply up to 400 cattle per day to meet continuing demands for beef there but authorities have asked for more time in supplying the cattle.
– Vientiane Times

Companies Join Hands to Build Xe Bangfai Dam
Mitr Phol Corp., Ltd of Thailand and the Laosamay Road Bridge Construction Company have signed a joint investment agreement for the development and construction of a hydropower dam on the Xe Bangfai river in Khammuan and an irrigation system for both Khammuan and Savannakhet provinces.
– Lao News Agency

EDL amasses huge debt due to unpaid bills, investment outlay
Unpaid electricity fees, notably owed by state organisations, have accumulated into a large debt to be paid to Electricite Du Laos (EDL), a minister told the recent National Assembly session.
– Vientiane Times

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Malaysia morning news

Malaysia Morning News

FDI this year to exceed last year’s RM41 billion’
The value of foreign direct investment (FDI) in Malaysia this year is expected to surpass last year’s RM41 billion despite the challenging economic climate, Najib Razak said.
– FMT/ Bernama

Selangor contributed nearly half of new jobs in Malaysia from 2014-2016
-Selangor’s 305,300 new jobs from 2014 to 2016 represented nearly half of Malaysia’s total employment gains from the period, official data by the Department of Statistics showed.
– Malay Mail Online

Economists upgrade Malaysia’s GDP growth forecasts after strong Q1
Several economists have revised upwards their forecasts for Malaysia’s 2017 economic growth, given the strong start to the year.
– The Sun Daily

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Myanmar morning newsMyanmar Morning News

Compiled by John Le Fevre    @photo_journ

 

Myint & Associates gets the nod for offshore supply base project
Myint & Associates Offshore Supply Base Ltd, a subsidiary of Myint & Associates Co Ltd, said it will invest around Ks 50 billion on the construction of an offshore supply base in Ngaputaw Township, Pathein District in Ayeyarwady Region.
– Eleven

Tatmadaw absolves itself of Rakhine abuses in internal ‘investigation’
Myanmar’s army on Tuesday cleared itself of allegations that troops may have carried out ethnic cleansing of Rohingya Muslims, but said a soldier had been jailed for taking a motorbike.
– Frontier Myanmar/ AFP

Single-visa initiative puts Myanmar flights on course
Myanmar’s Ministry of Tourism is pushing forward with the implementation of a “two countries, one destination” campaign that hinges on establishing direct flights between the historic cities of Bagan and Siem Reap.
– The Phnom Penh Post

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Philippines morning newsPhilippines Morning News

Gov’t to fast-track Mindanao rail project
The Duterte administration plans to fast-track the rollout of the P120-billion initial phase of the “high priority” Mindanao railway project that will connect the southern island’s major cities.
– Philippine Daily Inquirer

Senate OKs work-from-home bill on final reading
The Senate has approved on third and final reading a measure to allow companies to offer a telecommuting program to its employees in efforts to ease traffic congestion in Metro Manila and other urban cities.
– Interaksyon/ Philippine News Agency

Russia to buy $2.5B in fruits, fish from PH, agri chief says
Russia will buy $2.5 billion worth of fruits and fish from the Philippines over the next 12 months under an agreement that will be signed during President Rodrigo Duterte’s visit to Moscow this week, his agriculture minister said Tuesday.
– ABS-CBN

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Singapore morning newsSingapore Morning News

Singapore exports are down, but not just because of pharma
Singapore’s non-oil domestic exports (NODX) faced a steep decline this April 2017. Analysts argue that this was brought about by the big drop in pharmaceutical exports.
– Singapore Business Review

Singapore’s consumer prices dip in April
Consumer prices in Singapore dipped in April from the previous month, according to figures from the Department of Statistics on Tuesday (May 23).
– Channel NewsAsia

With NSF pool shrinking, SAF reviews requirements to allow more to serve in various vocations
To tackle manpower challenges brought on by lower birth rates in recent years, the military’s medical service is reviewing requirements to “increase flexibility” and allow more soldiers to be deployed in various vocations in the Singapore Armed Forces (SAF).
– Today

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Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

AIS projecting 5% revenue growth for 2017
Thailand’s AIS is projecting a 5% increase in revenue and a 44% growth in ebitda this year as a result of strong growth in 4G customers.
– Telecomasia.net

Retail sales rise but picture clouded
SALES AT big retailers and chain-store operators jumped 3.02 per cent in the first quarter of 2017, driven by a pick-up in the economy and adding to the positive business data emerging this year.
– The Nation

IATA urges swift airport upgrades
The International Air Transport Association (IATA) wants Thailand to speed up efforts to upgrade its airports, especially Suvarnabhumi airport, to make sure they better serve the soaring number of air travellers in the next 20 years.
– Bangkok Post

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Vietnam morning newsVietnam Morning News

Compiled by John Le Fevre    @photo_journ

 

Path to EU widened for Vietnamese garments-textiles
Vietnam’s garment-textile sector is expected to expand its markets once the Vietnam-EU Free Trade Agreement (EVFTA) comes into force in early 2018, reducing tax on Vietnamese garments and textiles exported the EU to zero percent over the next seven years.
– VietnamPlus/ VNA

Bad debts at 7 billion USD until March 31
Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were 160 trillion VND (7 billion USD).
– VietnamPlus/ VNA

Vietnamese, Indonesian patrol boats square off in Natuna waters
Indonesian authorities released five Vietnamese vessels after a patrol boat belonging to the neighboring country intercepted in the arrest of the vessels for fishing illegally in Natuna waters in Riau Islands on Sunday, an official has confirmed.
– The Jakarta Post

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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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