Asean Morning News For October 25

Asean Morning News For October 25

Asean morning newsAsean Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Asean has an obvious role in Rohingya crisis
Representatives of the Association of Southeast Asian Nations meeting next month in Manila need to address the crisis in Myanmar’s Rakhine state at its root causes if the suffering of the Muslim Rohingya is to end.
— Inquirer

ASEAN Defense Meeting Puts Terrorism in the Spotlight
The battle against the Islamic State dominates the headlines in a wide-ranging agenda.
— The Diplomat

US sees bright economic prospects for ASEAN
The United States expects bright economic prospects for the Asean regional bloc, with the youth contributing to the achievement of opportunities.
— Business Mirror

ASEAN banking integration: Killing two birds
As ASEAN’s largest economy, Indonesia has been leading efforts to integrate the region’s banking sector. Indonesia, along with Malaysia, signed the first bilateral agreement under the ASEAN Banking Integration Framework (ABIF) in 2016.
— The Jakarta Post

Asean Organic Cosmetics Market to Exceed a Value of US $4.4 Billion Through 2020
“Organic Cosmetics Market: ASEAN Industry Analysis and Opportunity Assessment, 2014-2020”.
— Digital Journal

IEA sees Southeast Asia oil demand growing till 2040
Southeast Asian demand for oil will keep growing until at least 2040 as emerging nations there rely on the fossil fuel to transport their rapidly growing populations, ship goods and make plastics, the International Energy Agency (IEA) said on Tuesday.
— Business World

U.S., China Open to Sea Drills With Asean, Singapore Says
The U.S. and China are open to joining separate maritime drills with Southeast Asian nations, Singapore Defense Minister Ng Eng Hen said.
— Bloomberg Politics

Russia ready to boost dialogue with ASEAN — defense minister
Moscow is willing to boost dialogue within the Association of Southeast Asian Nations (ASEAN), Russian Defense Minister Army General Sergei Shoigu said on Tuesday.
— Russian News Agency

Inaugural ASEAN-China naval drill underway
China has won the endorsement of Singapore, the chair of the Association of Southeast Asian Nations in 2018, for a joint maritime exercise with the regional bloc next year.
— Nikkei Asian Review

Security of ASEAN delegates, visitors assured

Security preparations and systems are a go with barely three weeks before the 31st Association of Southeast Asian Nations (ASEAN) ministerial and leaders meetings in November to be attended by heads of states and high-ranking officials.
— Northbound

South China Sea: Can Asean, China find convergence in dispute?
THE temperament of the territorial dispute in the South China Sea between the multiple claimants has generally improved compared to a year ago. Back then, heated rhetoric, disdain and even threats were the narrative of the day. This was both in support of, and against, the ruling of a Permanent Court of Arbitration tribunal against China’s nine-dash or dotted line claims and by extension, the bulk of its actions in the South China Sea.
— New Straits Times

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Analysts say government use of Fresh News fits the authoritarian playbook
Once heralded as a force for democratisation, online media is often now used by authoritarian regimes around the world to serve their interests – a process that experts say appears underway in Cambodia.
— The Phnom Penh Post

Spotlight: Cambodia’s central bank encouraging use of Chinese yuan
The National Bank of Cambodia (NBC), the country’s central bank, has been encouraging businesses and individuals to use renminbi (RMB), or the Chinese yuan, in order to further increase trade and investment volumes between the two countries, officials said on Tuesday.
— Xinhua

Cambodia mulls pulling out as 2023 SEA Games host
Cambodia is said to be having second thoughts about hosting the SEA Games for the first time in 2023.
— The Star Online

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Indonesia passes law to ban organizations deemed against its ideology
Around 1,000 Indonesians, led by hardline Islamist groups, protested outside parliament on Tuesday as lawmakers approved a presidential decree banning any civil organizations deemed to go against the country’s secular state ideology.
— Reuters/Business Insider

Indonesia’s battle against corruption on the big screen
In the reform era, corruption eradication has become one of the nation’s main political preoccupations, and also one of its most vexatious problems.
— The Jakarta Post

Indonesia Could Be the Largest Digital Economy Country in the World Due to Large Population
Indonesia is considered to have the potential to become the country with the largest digital economy in the world. Therefore it takes regulation that the digital economy can be an innovation that benefits all parties.
— Netral News

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

196 Clinics Face Closure Due to Failure to Comply with Laws
The Ministry of Health has ordered closure of one clinic in Vientiane and refused to extent licenses for other 195 clinics nationwide due to their failure to comply with applicable laws.
Lao News Agency 

Low-quality hydropower projects to face void, minister tells assembly
Hydropower projects with low-quality technical standards in their construction will be cancelled, the Minister of Energy and Mines told the National Assembly (NA) on Monday.
Vientiane Times 

NA hears nation’s healthcare developments
The Ministry of Health has been increasingly successful in protecting the benefits and the right to healthcare with the majority of the nation’s people now having greater access to better quality health services, the nation’s legislators have been told.
Vientiane Times 

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Malaysian companies to invest US$1.5b in China real estate
Some 20 Malaysian companies are expected to snap up real estate in China totalling up to RM6.3 billion in value during a property promotion event to be held in the city of Chengdu in January next year, The Edge reported today.
— Free Malaysia Today

From food to cosmetics, Japan firms eye Malaysia’s halal industry: SMBC
Japan’s Sumitomo Mitsui Banking Corp (SMBC) is looking to back a push by Japanese firms planning to invest in Malaysia’s Shariah-compliant halal market, an SMBC official has said.
— Gulf Times/Reuters

Malaysia is world’s fifth largest and Asean leader in BMW hybrids
MIRRORING the ongoing success of the BMW Group for its electro mobility vehicles worldwide, BMW Group Malaysia has announced that it had already assembled and delivered over 4,500 units of the BMW 330e, X5 xDrive40e and the 740Le xDrive in the country, the highest not only in Malaysia but in Asean and the world in comparison to the percentage of total number of vehicles delivered in the country.
— The Sun Daily

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

U.N. Rights Chief: Myanmar’s Treatment Of Rohingya Includes ‘Almost ISIS-Type Crimes’
Since late August, more than 600,000 Rohingya have fled a campaign of violence in Myanmar and crossed into Bangladesh, according to the United Nations, and the crisis is showing no sign of letting up.
— NPR

Myanmar Signs MOUs With Bangladesh to Deal With Rohingya Refugees
Myanmar signed agreements with Bangladesh on Tuesday to beef up security cooperation and set up border liaison offices to deal with the exodus of Rohingya Muslims who have fled recent violence in Myanmar’s northern Rakhine state.
— Radio Free Asia

U.S. rethinks new policy for Myanmar
The Trump administration moved toward a condemnation of “ethnic cleansing” against Myanmar’s Rohingya Muslims, as officials were preparing a recommendation for Secretary of State Rex Tillerson to unequivocally use the term for the first time. Angry lawmakers on Tuesday demanded an immediate denunciation as they explored a new, tougher U.S. policy.
— The Detroit News

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

PH gov’t committed to achieve deficit ceiling of 3% of GDP
Finance Secretary Carlos Dominguez III on Tuesday said that government remains committed to its deficit ceiling of three percent of gross domestic product (GDP), even as gains under the proposed tax reform program were seen to bring in revenues and attract more investors.
Philippine News Agency 

PH confident to achieve SDG by 2030
The Department of Foreign Affairs (DFA) said the government’s goal to ensure that the Philippine’s Sustainable Development Goals (SDG) commitments are pursued and achieved by 2030.
Philippine News Agency 

Philippines agricultural trade rose to $4billion in 2nd quarter.
The country’s external trade in agricultural commodities in the second quarter grew 2.6 percent to $4.011 billion, from $3.910 billion during the same period last year, according to the Philippine Statistics Authority (PSA).
Fresh Plaza 

See here for more of today’s Philippines Morning News 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Six clean-energy investments to trigger S$500m in business spending
SIX clean-energy investments secured recently in Singapore will create 400 professional-level jobs and result in S$500 million in cumulative business spending over the next five years.
The Business Times 

Singapore won’t regulate cryptocurrencies, but remains alert to risk: MAS
Singapore doesn’t plan to regulate cryptocurrencies such as bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the Republic’s central bank said.
Today Online 

Singapore’s Second-Largest Lender Plans a Push Into Hong Kong Research
Singapore’s second-largest lender has decided that the best place to expand its research is the country’s rival market Hong Kong.
Bloomberg

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Fitch Upgrades TMB’s National Short-Term Rating; Affirms Other Thai Mid-Sized Banks
Fitch Ratings has upgraded TMB Bank Public Company Limited’s (TMB) National Short-Term Rating to ‘F1+(tha)’ from ‘F1(tha)’, and affirmed the bank’s Long-Term Issuer Default Rating (IDR). The agency has also affirmed the Long-Term IDR of Bank of Ayudhya Public Company Limited (BAY), as well as the National Long-Term Ratings of Thanachart Bank Public Company Limited (TBANK) and Thanachart Capital Public Company Limited (TCAP).
— Reuters

Central Plains residents told to be prepared for flooding
The Royal Irrigation Department warns residents along the Chao Phraya river to brace themselves for flooding after Chao Phraya dam started to discharge more water.
— NBT World (video)

Unesco says schools failing kids
Accountability in the Thai education system needs to be improved and substantial challenges remain to improve the standards across all age groups, according to Unesco’s latest report.
—Bangkok Post

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

IDG Ventures Vietnam vice president dies at 40
IDG Ventures Vietnam is the first technology venture capital fund in Vietnam and has funded various successful start-up projects including YanTV, Vietnam Communications Corporation and Vat Gia online shopping website.
— VietnamNet Bridge

Industry 4.0 offers numerous challenges to SMEs
The workshop, organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the US-ASEAN Business Council, was meant to be a platform for SMEs, business groups and organisations to discuss opportunities and challenges for small firms in Vietnam.
— VietnamNet Bridge

C.P. Vietnam Urges Business Partners To Comply With Sustainable Sourcing Guidelines
C.P. Vietnam Corporation, a livestock and aquaculture company, is helping their business suppliers achieve their international sustainability certifications.
— Seafood News

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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