Asean Morning News For November 8

Asean Morning News For November 8
Estimated Reading Time: 9 minutes |

Asean morning newsAsean Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

AEC 2025: Will The ASEAN Economic Community Finally be Realised?
As Asean turns 50 how much closer is it towards achieving economic integration? And can it do a better job of hastening reforms and binding Asean member states to their commitments at a time of increasing uncertainty and rising protectionist pressures globally?
— AEC News Today

One Belt, One Trap? A debate over who benefits from China’s new silk road
Questions are being asked about how, and whether, China can deliver the benefits of its multi-trillion-dollar initiative to connect a region with 62 per cent of the world’s population. Between The Lines debates the issue.
— Channel NewsAsia

Vietnam’s neighbours, ASEAN, targeted by hackers:
A hacking group previously linked to the Vietnamese government or working on its behalf has broken into the computers of neighbouring countries as well as a grouping of Southeast Asian nations, according to cybersecurity company Volexity.
— Channel NewsAsia

Mekong region sees airports as the way forward
Tourism and aviation analysts are discussing methods to deliver dynamic growth to the Greater Mekong Subregion (GMS), which is home to more than 20 airlines and serves more than 250 million travellers a year.
— Bangkok Post

Talks on FTA between Asean and 6 partners at critical stage now
Negotiations on the Regional Comprehensive Economic Partnership (RCEP) have reached a critical juncture, and ministers will review their progress on the sidelines of next week’s Asean Summit in Manila, Senior Minister of State for Trade and Industry Koh Poh Koon told Parliament yesterday.
— The Straits Times

Insurance markets set to gain from ASEAN integration says research
The ASEAN Economic Community (AEC) initiative, a plan to develop a single economic market across the ten ASEAN states by 2025, is also likely to benefit regional insurance markets, according to a report published by Zurich-based research firm Dr. Schanz, Alms & Company and reinsurer Malaysian Re. The ASEAN Insurance Pulse report, based on interviews with regional and international insurers.
— Commercial Risk

Turkish defense industry eyes ASEAN aerospace market
The domestic defense industry has experienced a swift transformation in less than a decade. Turkey has become more involved in co-production and co-development defense projects, which have also created export opportunities heavily sought after by the country’s main defense companies.
— Daily Sabah

Asean should embrace 4th Industrial Revolution
When the leaders of the Association of South East Asian Nations (Asean) gather for their 31st Summit in the Philippines this week, they will also celebrate “Asean@50” – testimony to Asean’s endurance and durability, as the longest-running regional grouping of developing countries in the world.
— The Phnom Penh Post

BSP to have trading on ASEAN holidays
The Bangko Sentral ng Pilipinas (BSP) yesterday said it will have clearing, settlement and trading operations on November 13, 14 and 15 which are the dates declared as special non-working days in the National Capital Region, and provinces of Bulacan and Pampanga where the 31st ASEAN Summit and Related Meetings will be held.
— Manila Bulletin

Remittances are ripping off migrant workers in ASEAN
Singapore has a dirty secret. According to labour advocates, the migrant workers who make up nearly 30 per cent of its workforce are subject to extortion, wage theft, extended shifts with minimal overtime pay or days off as well as unacceptable food and housing conditions. While government reforms encourage foreigners to report workplace complaints, the Humanitarian Organisation for Migration Economics says workers could only expect to lose their jobs by coming forward.
— East Asia Forum

Malaysia set to benefit from ASEAN-Hong Kong FTA: Minister
Trade between Malaysia and China’s Hong Kong Special Administrative Region is set to increase following the signing of ASEAN-Hong Kong free trade agreement (FTA), which is expected to be concluded this week at the earliest, said Malaysian Prime Minister’s department minister Wee Ka Siong on Tuesday.
— China Daily

Leni: ASEAN integration good for women
Vice President Leni Robredo is looking forward to the economic integration of the Association of Southeast Asian Nations (ASEAN), saying this will provide more opportunities for women in the region.
Philstar 

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

All Smiles: Cambodia Entrepreneurship Push Wins World Record (HD video)
It was all smiles late last week at Cambodia’s Ministry of Education, Youth, and Sport (MoEYS) when it finally received its Guinness World Record certificate for the Largest Practical Business Seminar held last August.
— AEC News Today (video)

Cambodia’s garment, shoe exports up 6.9 pct in 1st half of 2017
Garment and footwear industry, Cambodia’s largest foreign exchange earner, has seen a 6.9 percent increase in exports in the first half of 2017, according to the data released by the Ministry of Labor on Tuesday.
— Xinhua

Small-scale farmers will suffer under draft agricultural law: advocates
Farmers and agricultural NGOs slammed the seventh and final draft of a controversial agricultural law at a workshop in Phnom Penh yesterday, claiming that the law would benefit large corporations at the expense of small farmers if passed.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Indonesia sells 6.5 trillion rupiah of Islamic bonds
Indonesia’s finance ministry sold 6.5 trillion rupiah ($481.05 million) of Islamic bonds at an auction on Tuesday, above the indicative target of 5 trillion rupiah, its financing and risk management office said.
— Business Recorder (press release)

Indonesia threatens to block WhatsApp over sexual content
Indonesian authorities say they will block access to the popular WhatsApp instant messaging app if it doesn’t remove sexually explicit content.
— News & Observer

Indonesia requires ministers, officials to report new regulations
In a bid to avoid overlapping regulations, a presidential instruction (Inpres) has been issued that requires ministers, high-ranking officials and heads of non-ministerial institutions to report any new regulations they want to issue to the relevant coordinating minister’s office and/or the President.
— The Jakarta Post

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Australia, Japan support health service improvement
The Australian and Japanese governments have agreed to provide grant aid for the development of the health system in Laos, with Australia contributing 33 billion kip (US$4 million) and Japan offering over 8 billion kip (US$1million).
Vientiane Times 

China attaches great importance to relations with Laos
Chinese President Xi Jinping’s first overseas trip after his re-election, which includes Laos, reflects the fact that China attaches great importance to relations with the country, the Chinese ambassador to Laos said yesterday.
Vientiane Times 

Agrotourism-oriented Phutawen Farm to Open for Visitors Next Month
Phutawen Farm is going to open its visitor-oriented farm to agrotourists early next month with an aim to record an inflow of 1 million visitors every month.
Lao News Agency 

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Foreign parties seen taking lead in MRT3
Foreign parties are likely to take the lead in Mass Rapid Transit Line 3 (MRT3) as the financing proposal and technical experience requirements look to rule out Malaysian contractors for the project, which is estimated to cost RM35 billion to RM40 billion.
— The Sun Daily

Global investors are buying into Malaysia’s bonds
Global investors’ appetite for Malaysia’s bonds, as seen in the recent buy in of Press Metal Aluminium Holdings Bhd’s US$400 million non-investment grade bond, spells bright future.
— New Straits Times

Malaysia opens one-stop centres for visa processing
Getting a visa to travel to Malaysia is now more convenient as the Malaysian missions in Abu Dhabi and Dubai have launched two new One-Stop Centres (OSC) to provide these services.
— Gulf News

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Myanmar claims Security Council statement creates undue pressure
The Security Council on Monday urged the implementation of agreed-upon mechanisms to assist return of those who have fled and to ensure access for humanitarian aid.
— Dhaka Tribune

Myanmar army vows to throw out Indian rebels
Myanmar’s army has vowed to throw out all anti-Indian rebels from the country’s Northeast from Burmese territory.
— Mizzama

China’s latest Myanmar megaproject courts controversy
Nearly two years ago, Myanmar chose a Chinese consortium led by the state-run Citic to develop a $10 billion port and industrial park that could turn into the country’s largest foreign investment.
Nikkei Asian Review (paywall)

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

IMF retains growth forecast for PHL, but flags rising loan level
The International Monetary Fund (IMF) reiterated its confidence in the Philippine economy’s strength and ability to withstand upcoming global headwinds for the year and the next.
BusinessMirror 

Japan eyed to fund P590B infra projects
The Department of Finance (DOF) is working with Japan on the funding requirements for three big-ticket infrastructure projects.
Malaya 

Philippine auto sector outperforms in ASEAN market
The Philippine automotive industry is showing no signs of slowing down as it continues to be among the top performing sales and production markets in Southeast Asia in the first three quarters
Philstar 

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

New guidelines proposed on use of NRIC numbers by companies
Singapore’s privacy watchdog the Personal Data Protection Commission (PDPC) has proposed changes to guidelines on how companies handle individuals’ NRIC numbers, collects the physical NRIC or a copy of it.
Channel NewsAsia 

Singapore Is Coaxing Competing Banks to Collaborate on Fintech
Banks in Singapore that are used to competing against one another are finding ways to collaborate in the fintech space — under the encouragement of the Monetary Authority of Singapore.
Bloomberg 

Fintech investment in Singapore hits $34.52m in Q3
Fintech investments in Singapore are on an upward trajectory hitting $34.52m (US$25.3m) over six deals in Q3, KPMG revealed.
Singapore Business Review 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Private sector foresees 3.7-4% economic growth in 2017
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is maintaining its economic growth estimate for this year in the range of 3.7-4 percent despite an impact from flooding.
— NNT

Southern residents prepare for heavy rains while floods continue in central plain
Residents of the South are expecting heavy rains while people in the central region continue to be affected by floods.
— NBT World (video)

Amlo to seize B58m in assets
The culprits in two high-profile financial and money-laundering scams will have their assets seized, says the Anti-Money Laundering Office (Amlo).
— Bangkok Post

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

New petrol import tax benefits people
Normally, the ministry announced the petrol basis price and the import tax based on weighted average of the tariffs at the first month of every quarter.
— VietnamNet Bridge

Vietnam’s neighbours, ASEAN, targeted by hackers:
A hacking group previously linked to the Vietnamese government or working on its behalf has broken into the computers of neighbouring countries as well as a grouping of Southeast Asian nations, according to cybersecurity company Volexity.
— Channel NewsAsia

Vietnam: Vincom Retail raises $740m from GIC, Templeton, HSBC, others in IPO
Vincom Retail, the shopping mall operator under Vietnam’s leading property developer Vingroup, has completed its $740 million initial equity offering and made its debut on the Ho Chi Minh City Stock Exchange (HOSE).
— DealStreetAsia

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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