Asean Morning News For May 26

Asean Morning News For May 26

Asean morning newsAsean Morning News

Compiled by AEC News Today    @aecnewstoday

 

India quietly boosts Asean ties as OBOR looms large
While just a week ago, several countries in Asia and South East Asia re gion were swept into the massive One Belt One Road (OBOR) initiative of China, India, in a quiet and unobtrusive manner, reached out to the $2.6 trillion regional economy of ASEAN, under its Act East policy.
– The Times of India

Asia needs deeper financial integration
The ASEAN+3 Macroeconomic Research Office, the regional macroeconomic surveillance unit of the Chiang Mai Initiative Multilateralization, released the Regional Economic Outlook Report 2017 on Wednesday, the first release in China since its establishment in 2011.
– Ecns.cn

TPP-1 and RCEP Are Not Mutually Exclusive—We Need Both
The Trump administration’s decision to withdraw from the proposed Trans-Pacific Partnership (TPP) was no doubt a setback for Asia.
– Brink News

Is Asean’s digital drive within sight?
IF Asean is shaped by foresighted leaders, the selection of Tan Hooi Ling as co-chairwoman of the World Economic Forum on Asean 2017 is a telling example of the group’s future.
– The Star Online

Opportunities for Healthcare Investors in Asia
Efficient patient care, affordable medicines: healthcare systems in Asia need to adapt to an aging population and that is creating opportunities.
– finews.asia

English speech contest set to celebrate 50th anniversary of ASEAN
The Public Relations Department (PRD) launched Our ASEAN, Our Future speech contest in English to celebrate the 50th anniversary of ASEAN with 55,000 baht in scholarships for winners.
– NNT

Vietnam-linked hackers likely targeting Philippine intel on South China Sea dispute – FireEye
Hackers linked with the Vietnamese government are likely targeting Philippine government agencies to gather intelligence related to the maritime dispute in the South China Sea, cybersecurity company FireEye said on Thursday.
– Channel NewsAsia

 

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Cambodia morning newsCambodia Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

‘Organ traffickers’ arrested
Two people have been arrested in Cambodia for allegedly “trafficking organs” during a year-long operation involving at least 10 victims and frequent trips to India, officials said yesterday.
The Phnom Penh Post 

AJW Signs Component Support Deal with JC (Cambodia) International Airlines for 20 New A320 Aircraft
AJW has won a power-by-the-hour (PBH) component support contract with JC (Cambodia) International Airlines, one of Cambodia’s leading airlines, for its new A320 fleet.
– Aviation Pros

Hun Sen repeats warning of war if opposition wins
Cambodian Prime Minister Hun Sen on Thursday reiterated a warning that war could break out in the Southeast Asian country if his ruling party loses local elections next month and a general election next year.
– The Gulf Today

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

 

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Indonesia morning newsIndonesia Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Investors Shrug Off Terror Attacks in Indonesia and the Philippines
Investors in Asia have shrugged off terror attacks in Indonesia and the Philippines this week, but authorities are struggling to prevent further attacks and protect soft targets.
Netral English

Tax amnesty participants would also be target of investigation, says tax chief
The Directorate General of Taxation will start investigating taxpayers, including tax amnesty participants, who are allegedly involved in various tax-related crimes.
The Jakarta Post

Good start and on track seen for CIMB
Upgrade to market perform with a higher target price of RM6.30: CIMB Group Holdings Bhd’s core net profit of RM1.18 billion (+17% year-on-year [y-o-y]) was in line with 29% and 27% of our and consensus estimates respectively.
– The Edge Markets

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

 

Lao PDR morning newsLao PDR Morning News

Compiled by John Le Fevre    @photo_journ

 

Laos, Thailand Bilateral Trade to Exceed US$ 10 Billion by 2024
Senior officials of Laos led by Deputy Prime Minister and Minister of Finance Somdy Douangdy met their counterparts led by Deputy Prime Minister of Thailand, Somkid Jatusripitak on May 24 in Vientiane Capital, where they agreed to increase bilateral trade volume to more than US$ 10 billion by 2024.
– Lao News Agency

Laos: On the Borders of the Empire
We investigate China’s rising influence in Laos and the potentially disastrous consequences for the local population.
– AlJazeera

Lao gov’t takes step to develop seaport in Vietnam
The Lao government has instructed relevant sectors to study the establishment of a Lao joint state-private company to join its Vietnamese counterpart to develop a seaport in central Vietnam, a government spokesman said.
– Xinhua

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

 

Malaysia morning news

Malaysia Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Malaysia To Be The First ASEAN Country To Host British Council’s Going Global Conference
Malaysia reached another milestone when it was chosen as the first ASEAN country to co-host the Going Global 2018 conference with British Council in Kuala Lumpur from May 2-4, 2018.
Malaysian Digest 

Smart energy consumption
ENERGY plays an important role in our lives. It comes in several forms that can be utilised to keep people warm during cold weather, provide food, improve transportation and increase productivity. When energy is utilised efficiently, it will bring great comfort to our lives. However, energy consumption has been increasing in recent decades as the world population keeps growing.
New Straits Times 

Registering with SSM through Biztrust
COMPANIES and online business owners can now register their businesses with the Companies Commission of Malaysia (SSM) through Biztrust.
New Straits Times

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Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

New health insurance scheme available
The premium fee for the age group 6 to 40 is K44000, age of 41 to 50 is K49500, age of 51 to 60 is K71500, age of 61 to 65 is K93500 for one year. The rate of basic protection is for two units. The people can choose as insurance protection (1) for operations and abortion, insurance protection (2) for cancerous tumour, coronary thrombosis and paralytic stroke. In addition for basic insurance an individual can buy a maximum of 8 units.
Myanmar Times 

King Group sets sights on neighbours’ middle classes
King Food Group Co, owned by the Mahagitsiri family plans to penetrate the food market in Cambodia, Laos, Myanmar and Vietnam (CLMV) to cash on rising demand from middle-income people in the region.
Bangkok Post

Railways to export 18 diesel locos to Myanmar
The Indian Railways will export 18 modern diesel locomotives to Myanmar soon.
Millennium Post 

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

 

Philippines morning newsPhilippines Morning News

Compiled by John Le Fevre    @photo_journ

 

FDI seen to reach record $11 B
The Department of Trade and Industry (DTI) expects foreign direct investments (FDI) to surge this year, eclipsing a record high forecast set by the Bangko Sentral ng Pilipinas (BSP).
– The Philippine Star

Martial law in Mindanao not a threat to economy, says DOF chief
The head of the Duterte administration’s economic team yesterday said the declaration of martial law in Mindanao would protect businesses there from the threat of terrorism and would unlikely slow the country’s growth momentum.
– Philippine Daily Inquirer

Administration proposes P3.84-trillion budget for 2018
The Duterte administration will propose a P3.84-trillion national budget for next year, the Department of Budget and Management (DBM) announced yesterday.
– Manila Bulletin

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Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Noble Group dealt fresh blow as Fitch cuts its ratings yet again
Noble Group Ltd received a fresh blow as Fitch Ratings Ltd cut the embattled commodity trader’s rating for a second time in the space of 10 days, flagging concern over its ability to address about US$2 billion of debt that matures over the next 12 months.
The Business Times 

Singapore Sees Growth Exceeding 2% in 2017 as Exports Climb
Singapore’s government gave an upbeat outlook on the economy, saying it will probably expand more than 2 percent this year as exports continue to strengthen.
Key Points
— Hellenic Shipping News

Economy expanded 2.7% in Q1
The economic outlook for this year appears to be gradually brightening, with the Ministry of Trade and Industry (MTI) indicating yesterday that growth is likely to come in above 2 per cent.
The New Paper 

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

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Biometric proof to be required in deep South for SIM card
IN A MOVE to step up national security, mobile phone users in the deep South will be required to register their SIM cards using biometric data starting on June 1.
– The Nation

Excise tax organic laws set by August
Organic laws for the new excise tax that will change the tax base computation to recommended retail prices are expected to be announced by August, the Excise Department’s chief says.
– Bangkok Post

Laos, Thailand agree on master plan
THAILAND AND Laos have agreed to draw up a a five-year master plan to double the value of bilateral trade and investment to US$10 billion (Bt344 billion) by 2021.
– The Nation

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Vietnam morning newsVietnam Morning News

Compiled by John Le Fevre    @photo_journ

 

Foreign trade law needed: deputies
A law on foreign trade management is needed to better manage foreign trade activities as Việt Nam integrates deeper into the global economy, said lawmakers while discussing the draft law at the ongoing third session of the 14th National Assembly (NA) on Thursday.
Read more at http://vietnamnews.vn/politics-laws/377164/foreign-trade-law-needed-deputies.html#k9qetIGexwLgo1Ke.99
– Viet Nam News

Poor management causes Vietnam’s public debt to rise rapidly: official
While debt ratios are still within safe limits, both the government and foreign creditors have noticed a fast growth.
– VnExpress.net

VN FDI inflow lags through May
Foreign direct investment (FDI) into Viet Nam reached US$12.13 billion in the first five months of this year, surging 10.4 per cent against the same period last year.
– Viet Nam News bizhub

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

 

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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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