Asean Morning News For September 12

Asean Morning News For September 12

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

ASEAN has larger buffers against capital outflows, says economist
Nomura Research sees Southeast Asian countries have larger buffers to cushion the impacts of capital outflow risks from global central banks’ policy normalization.
— Xinhua

Asean stocks edge up as N. Korea holds back on missile test
Southeast Asian stock markets ticked up on Monday as investors heaved a sigh of relief after North Korea held back on a missile test, with Vietnam hitting an over 9-1/2-year high.
— The Star Online

CLMV minsters create blueprint
Four Mekong Region countries, Cambodia, Laos, Myanmar and Vietnam attracted 22 million visits, last year, leaders of the CLMV tourism group reported on the sidelines of the International Travel Expo last Friday.
— TTR Weekly

Pressure builds on RCEP
Asean economies have put pressure on their free trade partners to consider bringing to 90 to 92 percent the level of products that should be liberalized once the planned Regional Comprehensive Economic Partnership (RCEP) comes into force.
— Malaya

Cambodia lags Asean peers in eliminating tariffs
More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday.
— The Phnom Penh Post

Civil society organisations ask Centre to protect public interest at RCEP negotiations
Civil society organisations and labour group representatives have demanded that the Centre should save the manufacturing, agriculture and the services sector from the expected adverse impacts of the Regional Comprehensive Economic Partnership (RCEP), which would include job loss, as the fifteen partner countries, including China, were sticking to their demands of extensive liberalisation.
— Hindu Business Line

‘Partners’ For Change: Understanding External Relations Of ASEAN – Analysis
In the joint communiqué of the 50th ASEAN Ministerial Meeting on 5 August 2017 in Manila, Philippines, the Foreign Ministers announced the acceptance of Turkey as a new Sectoral Dialogue Partner of ASEAN.
— Eurasia Review

Cross-region cooperation between anti-terrorism agencies needed
A crisis think tank has called for greater cooperation among security agencies from Southeast Asian and South Asian nations to deal with the increasing links between extremist groups in the two regions.
— Free Malaysia Today

Push to end orphanage volunteering as World Challenge stops trips for students
The trend of Australian high school students going overseas to volunteer in an orphanage is about to come to an abrupt end.
— ABC News

Talks with ASEAN partners make progress on internships, halal industry
‘POSITIVE outcomes’ from bilateral discussions with counterpart economic ministers in the Association of Southeast Asian Nations (ASEAN) and some of the economic bloc’s trading partners include progress on regional internship and the development of the halal industry.
— BusinessWorld Online

Growth Opportunities for the ASEAN Automotive Composites Market
The future of the ASEAN (Association of Southeast Asian Nations) automotive composites market looks promising with opportunities in the passenger car and light weight truck. The ASEAN automotive composites market is forecast to grow at a CAGR of 6.5% from 2017 to 2022.
— PR Newswire (media release)

Vietnam joins ASEAN drill against cyber threats
The Vietnam Computer Emergency Response Team (VNCERT) participated in an ASEAN-wide drill against cyber threats arising from a lack of verification and poor access management.
— Nhan Dan Online

China Communication Construction eyes rail projects in Asean countries
China Communications Construction Company (CCCC), a major player in China’s “Belt and Road” initiative, said they are looking at rail projects in Asean countries such as Vietnam, Laos and Cambodia, in an effort to expand in trans-Asian rail routes.
— South China Morning Post

Asean, Japan share tips on improving civil services
OFFICIALS from civil service agencies of the Asean member countries and the Asean Secretariat recently concluded a five-day study visit on Public Administration and Human Resources Management in Tokyo and Kamakura City, Japan.
— Borneo Bulletin

ASEAN ministers discuss action against fake news
Ministers from all 10 member countries of the Association of Southeast Asian Nations have attended a discussion on how to handle fake news and disseminate accurate information.
— NBT World

China-ASEAN expo to kick off on Tuesday
The 14th China-ASEAN expo (CaExpo) and the 14th China and ASEAN Business and Investment Summit (CABis) are scheduled to kick off in Nanning, Guangxi, China on Tuesday, displaying goods, commodities and technology from China, the 10 ASEAN members and several other countries.
— The Jakarta Post

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Cambodia lags Asean peers in eliminating tariffs
More than 96 percent of tariffs in Asean have been eliminated, but certain parts of the 10-nation economic bloc including Cambodia lag behind others in full implementation of the Asean Trade in Goods Agreement (Atiga), the Ministry of Commerce said in a Facebook post yesterday.
— The Phnom Penh Post

Third container market to open in November
Singaporean investors have announced plans to launch the biggest container market in Phnom Penh, with the 500-stall food and retail complex set to rise on a plot just a stone’s throw from the capital’s original container night market.
— The Phnom Penh Post

Cambodian Parliament: No Immunity for Prosecution of the Opposition Leader
Lawmakers voted on Monday to approve the prosecution of Cambodia’s opposition leader on charges he committed treason in collusion with the United States.
— The New York Times

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Rama Ariadi    @AriadiRama

 

Stop bickering: 60 years of Malaysia-Indonesia ties
If anything, the two nations should have already established solid footing in the sixth decade of their relationship instead of being easily provoked by small matters.
— The Jakarta Post

Will Indonesia’s infrastructure be ready for Asian Games?
Indonesian President Joko Widodo is pinning his 2019 re-election hopes on the success of the Asian Games preceding it here. But with less than a year until the opening ceremony, related infrastructure work risks embarrassing delays.
— Nikkei Asian Review

Humanitarian aid from Indonesia yet to reach Rakhine: FM
The delivery of humanitarian assistance from Indonesia to Myanmar is still constrained due to the ongoing process of agreement on modalities of aid distribution between Myanmar authorities, the International Committee of the Red Cross (ICRC) and the donor countries.
— Antara

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Thailand, Laos ink pollution management deal
Thailand and Laos signed an agreement on pollution management, creating a five-year mutual action plan to promote bilateral cooperation in environmental issues.
 NNT 

Laos; from land locked to land linked
LAOS is embarking on one of its most ambitious projects yet – a series of rail networks which will link the country with dominant seaports in Thailand, Vietnam and Cambodia.
— The Nation 

Govt aiming for 7 percent growth in 2018
The government will pursue Gross Domestic Product (GDP) growth of 7 percent in 2018, amounting to 149,471 billion kip, a minister has said.
— Vientiane Times 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Malaysia records double-digit growth in first half of 2017
Malaysia achieved a robust performance in its trade with China with a double-digit growth in the first half of this year.
— The Star Online

Malaysia July Industrial Output +6.1% on Year; +4.5% Expected
Malaysia’s industrial production grew at a faster-than-expected pace in July, driven by the strong growth in manufacturing and electricity sectors, official data showed Monday.
— Fox Business

Malaysia on target to become regional oil and gas hub: MPRC
Malaysia is set to become the oil and gas hub by year 2020 and is well on target towards becoming a regional hub within three years.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

UN warns of ‘ethnic cleansing’ of Myanmar’s Rohingya Muslims
he situation in Myanmar is a “textbook example of ethnic cleansing”, the United Nations rights chief said Monday, as Washington condemned a surge in violence that has sent more than 300,000 Rohingya Muslims fleeing for Bangladesh.
— The Business Times

Property taxes worth less than a cup of tea
Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation.
— Myanmar Times

Myanmar tries to rekindle enthusiasm for tepid stock market
Initial fanfare has given way to a sleepy quiet on Myanmar’s Yangon Stock Exchange, which has just four listed names after a year and half of trading, as a lack of seasoned investors dissuades potential listings.
— Nikkei Asian Review

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Diesel up by P1.30/liter, gasoline by P0.45
Extreme weather swings in oil-producing jurisdictions took its “spillover effect” on the Philippine oil industry as the cost of diesel increased sharply by P1.30 per liter effective today.
— Manila Bulletin

H1 real estate loans hit P1.37T, up 20%
Real estate lending posted double-digit growth in the second quarter, the Bangko Sentral ng Pilipinas reported on Monday, with commercial developments accounting for the bulk of loans approved by universal and commercial banks.
— The Manila Times

Foreign direct investments nearly triple in June: BSP
Foreign direct investments (FDIs) surged nearly threefold in June, reflecting investors’ confidence in the Philippine economy, the Bangko Sentral ng Pilipinas (BSP) said Monday.
— ABS-CBN

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat

 

Singapore bunker suppliers plan expansion amid brighter growth outlook
Participants in Singapore’s bunker market are firming up plans to expand this year amid expectations that a robust economic outlook would help volumes to grow, while industry rationalization through the possible exit or restructure of some firms due to stringent rules creates more opportunities for accredited and larger bunker suppliers to fill the void.
— Hellenic Shipping News 

Halimah Yacob set to be next President after other potential candidates fail to qualify
Madam Halimah Yacob looks set to become Singapore’s next President after the two other potential candidates fell short of the qualification criteria.
— Channel NewsAsia 

Smart Nation push is not about tech for tech’s sake: Janil Puthucheary
SINGAPORE does not chase technology for technology’s sake, but to improve the lives of its people, Senior Minister of State for Communications and Information Janil Puthucheary told Parliament on Monday.
— The Business Times 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Thai junta tells Japan investors $45-billion development plan to go ahead
A $45-billion plan to redevelop Thailand’s industrial east will go ahead regardless of whoever takes power after elections, the military government told hundreds of Japanese investors on Monday.
— Reuters

PM courts Japanese investors
Prime Minister Prayut Chan-o-cha has urged Japan to ramp up investment in Thailand as ongoing national reforms underscore the importance placed on keeping government policy consistent and transparent in the interests of stability.
— Bangkok Post

China Expert Says Thailand Should do Feasibility Study on Kra Canal
Thailand should act decisively and start conducting a feasibility study on the long-awaited Thai Canal (Kra Canal) as suggested by several of China’s experts during a one-day international conference on the canal today.
— Chiang Rai Times

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Too many barriers stifle startups
A report from the Ministry of Information and Communication (MIC) released in 2016 showed that about 1,000 startups are registered every year in Vietnam. However, only 10 percent of them now exist.
— VietnamNet Bridge

Vietnam’s prosecutors implicate multiple state firms in massive graft case
PetroVietnam units have been identified among the recipients of illegal interest payments worth $70.4 million from OceanBank.
— VnExpress

Vietnam joins ASEAN drill against cyber threats
The Vietnam Computer Emergency Response Team (VNCERT) participated in an ASEAN-wide drill against cyber threats arising from a lack of verification and poor access management.
— Nhan Dan Online

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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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