Asean Morning News
Compiled by Stella-maris Ewudolu @stmarisewudolu
ASEAN reinforces relations with UN, Switzerland
Secretary-General of the Association of Southeast Asian Nations (ASEAN) Le Luong Minh held working sessions at the United Nations Office in Geneva and met with Swiss leaders during a working visit to Switzerland from September 11-15.
— Vietnam Plus
Chinese homebuyers eye Southeast Asia
An increasing number of Chinese homebuyers are snapping up properties in Southeast Asian countries, with many of them attracted by the high returns and beautiful scenery.
— Ecns.cn
Benchmarking Asean farm productivity and growth
Productivity is key to inclusive growth. Studies show that the Philippines lags behind its Asean neighbors in farm productivity.
— Philippine Daily Inquirer
Vietnam proposes measures to enhance AIPA’s role
Vice Chairwoman of the Vietnamese National Assembly (NA) Tong Thi Phong suggested measures to promote the role of the ASEAN Inter-Parliamentary Assembly (AIPA) at the first plenary session of the 38th AIPA General Assembly (AIPA-38) which opened in Manila, the Philippines, on September 16.
— Vietnam Plus
Singapore’s Cybersecurity Bill delayed to 2018
The Cybersecurity Bill, which was expected to have been tabled this year, will instead be introduced in Parliament in 2018, according to Minister for Communications and Information Yaacob Ibrahim on Monday (Sep 18).
— Channel NewsAsia
Business warns of losers in ASEAN
Euphoria and lots of movements are happening in ASEAN because of the economic integration that has been rolled out among the 10-member countries with over 600 million population, but a reckoning may be felt five to ten years into the horizon of who wins in this free competition and open market orientation trading bloc, a business leader has warned.
— Manila Bulletin
Asean self-certification starts next year
Member-states of the Association of Southeast Asian Nations (Asean) are targeting to implement next year the self-certification scheme which allows exporters to self-declare their goods without securing a certificate of origin.
— Malaya
SHIPPERS: SERVICES LAG ASEAN’S GROWTH
Despite significant growth among Association of Southeast Asian Nations, the ASEAN still faces significant challenges in securing and maintaining services for its manufacturers and engineering, procurement and construction service companies.
— Break Bulk
Cimb Ft Asean 40 100 S$ (QS0.SI) Sees Nice Weekly Performance
Cimb Ft Asean 40 100 S$ (QS0.SI) shares are showing positive momentum over the past week as the stock has clocked in with gains of 0.55%. In taking a look at recent performance, we can see that shares have moved 4.72% over the past 4-weeks, 51.71% over the past half year and 2.06% over the past full year.
— Buckeye Business Review
Cambodia Morning News
Compiled by Kongleaphy Keam @kongleaphy1
HUN SEN COUNTS ON CHINA AS HE CRACKS DOWN IN CAMBODIA – HAS HE MISCALCULATED?
Cambodian Prime Minister Hun Sen has upped the stakes in the country’s pivot to China, accusing the United States of conspiring to overthrow him as he escalates a crackdown on dissent with a view to extending his three decades in power.
— South China Morning Post
Business Insider: Selling life insurance in an untapped market
Prudential Life Assurance first entered the Cambodian market in 2013 at a time when few in the country understood the value of life insurance products in long-term financial planning. A partnership with Acleda Bank, the largest bank in the Kingdom, has helped Prudential grow steadily and extend its reach across the Kingdom.
— The Phnom Penh Post
Official warns ex-RFA staffers about continuing to work in Cambodia
Information Ministry spokesman Ouk Kimseng on Friday made a thinly veiled threat to jail Radio Free Asia reporters if they continued to work in the Kingdom, following the broadcaster’s announcement last week that it had ceased in-country operations.
— The Phnom Penh Post
See here for more of today’s Cambodia Morning News
Indonesia Morning News
Compiled by Rama Ariadi @AriadiRama
OJK to Issue Regulation for Financial Technology Companies
The circular regulates procedures on how to register for permission, lending activities, and supervision to fintech companies.
— Tempo (EN)
House approves macroeconomic assumptions in 2018 state budget
On Thursday, lawmakers agreed to peg the value of the rupiah at Rp 13,400 per US dollar from Rp 13,500 earlier, as well as a lower rate for three-month treasury bills at 5.2 percent from 5.3 percent in the previous draft.
— The Jakarta Post
Bank Indonesia: Foreign Debt Grows 3.9 Percent in July
Through BI Foreign Debt Statistics announced in Jakarta on Friday, Sept. 15, BI mentioned that based on borrower group, the annual growth of foreign debt of private sector decreased, while that of the public sector increased.
— Tempo (EN)
See here for more of today’s Indonesia Morning News
Lao PDR Morning News
Compiled by Leakhena Khat @leakhenakhat
Ministry assesses need for manufacturing technology
The Ministry of Science and Technology has carried out a needs assessment for technology and innovation development in the manufacturing sector among companies and factories.
— Vientiane Times
China, Laos agree to boost military exchanges, cooperation
China and Laos have vowed to deepen bilateral high-level military exchanges and cooperation during a visit by Chinese State Councillor and Defence Minister Chang Wanquan to Laos which concluded yesterday.
— Borneo Bulletin Online
Govt maintains inflation, exchange rate controls
The government will continue to control inflation and currency exchange rates under its monetary policy to ensure that economic growth remains stable throughout the coming year.
— Vientiane Times
See here for more of today’s Lao Morning News
Malaysia Morning News
Compiled by Kongleaphy Keam @kongleaphy1
Khazanah says has made 15 investments in US so far, worth US$410 mil
State investment arm Khazanah Nasional Bhd has to date made a total of 15 investments worth approximately US$410 million in the United States, principally in the technology sector.
— The Edge Market
PM Najib calls for stronger Chinese representation in Malaysian government
Malaysia’s Prime Minister Najib Razak urged the Chinese in the country to send more representatives from the community to the Barisan Nasional (BN) government in the next general election.
— Channel NewsAsia
Former Malaysia Minister Returns to Support Najib Government
A former Malaysia government minister who shifted allegiance to the opposition has returned to the ruling party, according to Prime Minister Najib Razak.
— Bloomberg
See here for more of today’s Malaysia Morning News
Myanmar Morning News
Compiled by Sreypov Men @MenSreypov
‘We will kill you all’; Rohingya beg for safe passage
Thousands of Rohingya Muslims in violence-racked northwest Myanmar are pleading with the authorities for safe passage from two remote villages that are cut off by hostile Buddhists and running short of food.
— Bangkok Post
Export earnings from jade decline
Until early September of this fiscal year, officially declared export earnings from jade reached US$100 million, down US$140 million from the same period last year, according to Khin Maung Lwin, the assistant permanent secretary of Commerce Ministry.
— Eleven Myanmar
New diplomatic missions signal Chinese support for Myanmar amid Rohingya crisis
Myanmar’s purpose-built capital Naypyidaw is known for its vast scale and emptiness, but China is using it to showcase its presence and boost ties with the Southeast Asian nation as it faces a wave of international criticism over the plight of the Muslim Rohingya.
— South China Morning Post
See here for more of today’s Myanmar Morning News
Philippines Morning News
Compiled by Stella-maris Ewudolu @stmarisewudolu
PH external debt drops by 1.8% to $72.5 billion in Q2 2017
The country’s total debt owed to foreign creditors dropped in the 2nd quarter of 2017, according to the Bangko Sentral ng Pilipinas (BSP).
— Rappler
Peso seen sideways on US data
THE PESO may move sideways this week as the expected effect of two hurricanes on the United States could temper potentially hawkish remarks in the upcoming Federal Reserve meeting following upbeat an inflation report.
— BusinessWorld Online
Market seen gaining momentum this week
The stock market is expected to gain momentum this week as the Chinese ghost month is coming to a close, analysts said.
— The Philippine Star
See here for more of today’s Philippines Morning News
Singapore Morning News
Compiled by Leakhena Khat @leakhenakhat
Singapore’s exports jump 17% in fourth straight month of growth
Non-oil domestic exports (NODX) in Singapore jumped by 17 per cent year-on-year in August, the fourth consecutive month of growth, according to statistics released by trade agency International Enterprise (IE) Singapore on Monday (Sep 18).
— Channel NewsAsia
Importers should inform second-hand car owners of recalls: LTA
According to the authority, it’s the importer, not the dealer, who is responsible for notifying second-hand car owners if a vehicle has been recalled.
— Channel NewsAsia (video)
Property agents face prospect of tech takeover
FIRST it was sagging sales. But even as the property market now shows tentative signs of bottoming out, the shrinking industry of real estate agents looks set for even more pummelling as property listing firms across the board automate parts of the transaction process.
— The Business Times
See here for more of today’s Singapore Morning News
Thailand Morning News
Compiled by John Le Fevre @photo_journ
Inside the Royal Crematorium of King Bhumibol The Great (Photo Special)
King Bhumibol the Great. A title previously only bestowed upon six former Thai kings. A title which, due to there being no other word, fails to adequately describe the life and rule of the ninth monarch of Thailand’s Chakri dynasty, King Bhumibol Adulyadej, also known as King Rama IX.
— AEC News Today
BOI approves 28 billion baht investment in EEC
Thailand’s Board of Investment (BOI) has endorsed investment promotion requests from companies looking to invest in the Eastern Economic Corridor (EEC).
— NBT World (video)
Charter Court faces ‘reset’ blitz
The Constitutional Court is likely to be partially “reset” as some of the existing judges who do not meet the stricter qualification requirements under the new constitution will be removed, a Constitution…
— Bangkok Post
See here for more of today’s Thailand Morning News
Vietnam Morning News
Compiled by Sreypov Men @MenSreypov
Ministry to submit real estate plan
The Ministry of Construction will submit a plan to the Prime Minister on promoting stable and healthy development of the local real estate market in this year’s fourth quarter.
— Viet Nam News
Widespread destruction in central Vietnam after major typhoon
Shaken residents in central Vietnam were piecing their homes and businesses back together Saturday (Sep 16) after a powerful typhoon hammered large swathes of coast and killed at least four people.
— Channel NewsAsia
Vietnam’s car dream re-ignited as Vingroup builds manufacturing plant
The giant Vietnamese property developer Vingroup has announced plans to produce its first cars in the next two years, rekindling the long-cherished dream of a local car industry which has failed to come true following numerous attempts over the past two decades.
— 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.
Asean Morning News For September 18 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
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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