Asean Morning News For October 9

Asean Morning News For October 9

Asean morning newsAsean Morning News

Compiled by John Le Fevre    @photo_journ

 

Rohingya crisis: Why have ASEAN countries failed to act?
Marty Natalagawa is a former foreign minister of Indonesia.He has been in many ASEAN meetings where there were often as many views as South East Asian member states. Now he’s lashed his ASEAN colleagues over their failure to come up with any plan to address the Rohingya crisis in their own backyard, a crisis he warns could all too easily become the plaything of great powers in the region.
— PM (video)

‘Billionaires on the rise in Asia’
A RISE IN private debt in the Asia Pacific region is a concern, but unlikely to trigger a financial crisis because the rate of increase in advanced economies is expected to be gradual, said Helman Sitohang, Credit Suisse’s chief executive officer for Asia Pacific and executive board member.
— The Nation

Thai Beverage looks to food expansion in Asean
THAI BEVERAGE PLC (ThaiBev) has set the goal of doubling to tripling revenues from its food operations by 2020, said Nongnuch Buranasetkul, CEO for the company’s food business in Thailand.
— The Nation

Duterte’s shift toward China threatens ASEAN centrality
The feeble stance of the Association of Southeast Asian Nations (ASEAN) on the South China Sea in the past has been made even weaker by the sudden shift of Philippine foreign policy under the Duterte administration.
— Rappler

Consensus works best for Asean, say diplomats
Consensus and quiet but active diplomacy remain Asean’s best shot at success, said Foreign Minister Vivian Balakrishnan and other diplomats at a conference yesterday.
— The Straits Times

CIMB bags 15 prestigious regional awards
CIMB Group was recently recognised for its strong capabilities in treasury and markets, and transaction banking propositions, among others, through 15 local and regional pre-eminent awards, the bank announced.
— The Star

Big traffic issues need big data solutions
Key to solving Asean’s urban city transport woes is leveraging technology.
— The New Paper

Philippines ‘breeding ground for terrorists’, says NY plotter
A Filipino suspect in a thwarted jihadist plot targetting New York City had boasted that his country was “a breeding ground for terrorists”, the US Justice Department said Saturday.
— The Nation

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Business Insider: Bitcoin gets boost with local gateway
Bitcoin has been on a tear lately with the world’s most popular cryptocurrency’s value soaring four-fold since the start of the year. While bitcoin is still poorly understood in Cambodia and only accepted by about a dozen merchants, the development of the country’s first payment gateway could pave the way for its wider use as both a currency and an investment.
The Phnom Penh Post

Central bank marks 38 years since rising from rubble
Cambodia’s banking sector has grown enormously on solid foundations since being rebuilt from scratch in 1979, central bank Governor Chea Chanto said yesterday during an event marking the 38-year anniversary of the re-establishment of the National Bank of Cambodia (NBC) after the fall of the Khmer Rouge.
The Phnom Penh Post

First They Killed My Father in the running for Oscar nomination
A Cambodian film may have its best chance yet at Oscars recognition, with the country’s submission for Best Foreign Film – Angelina Jolie and Rithy Panh’s First They Killed My Father – accepted for consideration.
The Phnom Penh Post

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Global firms join rush to bet on Indonesia as next start-up frontier
Big-name investors including Expedia and Alibaba are pumping billions of dollars into Indonesian tech start-ups in a bid to capitalise on the country’s burgeoning digital economy and potential as Southeast Asia’s largest online market.
— CTV News

Indonesia police arrest 58 in raid on Jakarta gay sauna
Police say they arrested 58 men, including several foreigners, in a raid of a gay sauna in Indonesia’s capital.
— Business Standard

Why Aren’t Indonesian Consumers Spending?
Almost 4 million new jobs, rising wages and eight interest-rate cuts in Indonesia should have been enough to spur consumers into action in the world’s fourth most populous nation.
— Bloomberg

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

ADB supports new initiative to scale up sanitary efforts
The Asian Development Bank (ADB) has allocated a US$10 million grant to Laos to improve food safety and ensure plant and animal health, as part of an initiative to advance sanitary and phytosanitary (SPS) capacity in the country.
Vientiane Times

Coffee exports set to exceed US$112 million in 2017
The value of coffee exported by Laos is expected to exceed US$112 million in the 2017 fiscal year, an increase of 3 percent compared to 2016
Vientiane Times

World Bank forecast: Laos’ economic growth lower than expected
The World Bank (WB) has predicted that Lao economic growth will be slightly lower than the Lao government and Asian Development Bank (ADB) forecasts.
Vientiane Times 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Tok Pa: Malaysia’s trade to jump 10pc to RM1.6 trillion
Malaysia’s trade is likely to exceed 10 per cent this year, beating an earlier estimated growth target of three per cent, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
MSN

Malaysia export growth for 2018 to be sustained at 6.5%, says RHB Research
RHB Research Institute Sdn Bhd expects Malaysia’s export growth to be sustained at 6.5%.
The Edge Markets

Global funds raise Malaysia debt holdings to RM200.1b in Sept
Foreign ownership of Malaysian sovereign and corporate debt climbed 4.4% from 191.8b ringgit in August, according to central bank data.
The Edge Markets

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

Time for Myanmar to focus on the economy
Much has been said about the National League for Democracy (NLD)-led elected government’s stance on peace and security in recent weeks, with attention being drawn to the conflicts in the North Rakhine State and the actions of Myanmar’s de facto leader, Daw Aung San Suu Kyi.
— The Nation

Leaked report fuels Myanmar ‘blame game’
Disclosures that senior United Nations officials were warned earlier this year by experts — including their own staff — about a looming crisis over military suppression of the Rohingya Muslim minority in Myanmar’s Rakhine state have sparked what one aid official called a “new blame game” in Myanmar.
— Nikkei Asian Review

Border trade value totalled over $3.399 billion until September 22
Border trade values ending on September 22 this fiscal year have reached over US$3.399 billion (4.629 trillion kyat), but the amount has fallen by over $8 million compared to the same period of last year, according to trade data from the Ministry of Commerce.
— Eleven Myanmar

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat @leakhenakhat

 

Govt to earn P24 billion in taxes annually from Mighty-JTI deal
THE Department of Finance (DOF) estimates government revenues in the form of sin tax from the acquisition of Japan Tobacco International Inc. (JTI) of Mighty Corp. can reach P24 billion per year, assuming that cigarette demand remains constant.
The Business Mirror 

Satisfaction, trust ratings of Duterte down — SWS
Public satisfaction and trust in President Duterte saw double-digit declines in the third week of September, a slump in his 15-month-old presidency that gave him the lowest ratings since he came to power, according to the latest survey by Social Weather Stations (SWS).
Philippines Daily Inquirer 

Airlines see strong passenger traffic growth
The global trade organization of airlines is expecting overall strong passenger traffic growth in 2017, with demand up by 7.2 percent in August this year.
Philippines Daily Inquirer 

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat

 

Singapore: GIC completes stake buy in Philippines’ EDC, picks 9% in Sweden’s Verisure
A consortium backed by Singapore’s GIC has completed the acquisition of up to 31.7 per cent stake in the Philippines’ Energy Development Corporation (EDC). The sovereign wealth fund has also acquired a minority stake in Sweden’s home alarm systems provider Verisure Midholding AB.
DealStreetAsia 

Amazon challenged by air-conditioned malls, Alibaba in Singapore
As Amazon.com Inc pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.
Today Online 

Here’s Another Positive Sign for Singapore Property Bulls: Chart
Employers in Singapore struggle to balance rising healthcare costs and the need to give attractive, competitive benefits to their workers, a study found.
Human Resource Director 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

BOT: Economy trends toward recovery
The Bank of Thailand has forecast a positive trend in the economy thanks to several encouraging factors.
— NBT World (video)

Who wants in on the EEC?
The much-awaited Eastern Economic Corridor (EEC) bill has already passed its first reading by the National Legislative Assembly (NLA) and is expected to be implemented by the end of the year.
— Bangkok Post

CAAT verifying ICAO’s move to lift red flag from Thailand on its website
The red flag icon, which indicates aviation security concerns, was seen removed from Thailand’s name on the website of the International Civil Aviation Organization (ICAO). The Civil Aviation Authority of Thailand is currently verifying the status adjustment before making further comments.
— NBT World (video)

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Government to establish agency to manage State assets
The Government plans to establish a special agency to act as the ownership representative of State capital at State-owned enterprises by 2018.
— VietnamPlus

Tourism sector gets smarter
Smart travel is being promoted to improve tourism throughout Viet Nam.
— Bizhub

Foreign investment in Vietnam rises sharply
Vietnam has attracted almost US$25.5 billion in registered FDI so far this year, proving that foreign investors see Vietnam’s economic prospects favorably compared to other countries in the region.
— VietnamNet Bridge

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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