Asean Morning News For September 26

Asean Morning News For September 26

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Lazada expands Alibaba’s Taobao marketplace in Southeast Asia
Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd’s Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.
— Reuters

ASEAN Distributed Denial of Service (DDoS) Solution Market, Forecast to 2021
The DDoS solution market in ASEAN grew vigorously by 54.1% on a YoY basis and remained the second largest DDoS market in the Asia-Pacific region with 20.9% of market share. The adoption of DDoS solutions was seen moving away from a service-provider-centric market to a more enterprise-centric market with increasing number of enterprises investing in the solutions, particularly cloud-based DDoS mitigation services.
— PR Newswire (media release)

SE Asia Stocks-Philippines falls as EDC plummets; others little changed
Philippine shares fell nearly 1 percenton Monday, dragged down by a sharp drop in renewable power producer Energy Development Corp (EDC), while most other Southeast Asian stock markets were little changed in thin
trade.
— Reuters

Asean chairman’s statement a worst form of collectivism, says OIC special envoy to Myanmar
Malaysia has taken a principled position in its stand to dissociate itself with Asean chairman’s statement on the humanitarian situation in the Rakhine state.
— New Straits Times

Asean is next frontier -HSBC
DESPITE Southeast Asia’s relatively lower e-commerce use against countries like China, Japan, and Korea, the region is positioned to become the next frontier of the digital economy, thanks to its young and expanding population, said UK-based lender HSBC.
— Sun Star

CIMB Research retains Add for pharma company YSP
CIMB Equities Research is retaining its Add call for YSP Southeast Asia Holdings Bhd and advises investors accumulate shares of the pharmaceutical company.
— The Star Online

ASEAN endorses East Sea code proposal
ASEAN foreign ministers have endoresed a proposal by Deputy Prime Minister and Foreign Minister Phạm Bình Minh for the ASEAN-China Summit in November to issue an official statement on the start of negotiations over a Code of Conduct for the East Sea.
— The Jakarta Post

Inclusion of Asean in curriculum pushed
There is so much more in and about the Association of Southeast Asian Nations (Asean) that people do not know yet, but must know by now.
— Sun Star

Belt and Road greases the wheels of ASEAN
ASEAN countries, with their enormous demand for infrastructure investments, should capitalise on China’s Belt and Road Initiative (BRI), business leaders from the ASEAN region urged. But there is a necessity to align the BRI with the ASEAN blueprint, and ASEAN needs to iron out the problems derived from the tension between Japan’s involvement in ASEAN infrastructure and China’s increasing presence.
— Myanmar Times

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Chinese-built biggest dam in Cambodia to start operation in November
The 400-megawatt Lower Sesan II Hydropower Plant, which is Cambodia’s biggest hydropower dam so far, will start operation in November after almost four years of construction.
China Daily

Minimum wage talks begin
Members of the tripartite Labour Advisory Committee – composed of representatives of the government, employers and unions – yesterday put forth their proposals for next year’s minimum wage for the garment and footwear sector, kicking off the annual negotiations that will culminate on October 5
The Phnom Penh Post

Prakas removes price cap on premium petrol
The government will continue to set a price ceiling on regular gasoline and diesel but will no longer regulate the retail price of premium gasoline, the Ministry of Mines and Energy (MME) announced on Friday.
The Phnom Penh Post

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Indonesia Rejects UN Recommendation to Abolish Death Penalty
Indonesia on Thursday (21/09) accepted 167 of the 225 recommendations it received from international delegations during the 27th session of the United Nations Universal Periodic Review, or UPR, earlier in May, but crucially rejected the recommendation to abolish the death penalty.
— Jakarta Globe

Pertamina Disburses $1.547 Bln for Jambaran Tiung Biru Gas Project
PT Pertamina (Persero) through its subsidiary, PT Pertamina EP Cepu (PEPC), is going to invest $1.547 billion for the Jambaran Tiung Biru (JTB) Gas Field Unitization Project.
— Netral News

Rupiah Strengthens 36 Points on BI Benchmark Rate Cut, Stable Crude Oil Price
Rupiah exchange rate traded interbank in Jakarta, Monday (9/25/2017) morning moved higher by 36 points to IDR13,276 compared to the previous position of IDR13,312 per US dollar.
— Netral News

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

ational Social Security Fund Meets with Central, District Hospitals
Representatives of the National Social Security Fund met with those from central and district hospitals in Vientiane Capital on Sep 22 to discuss and exchange lessons on contracted healthcare service and possible solutions to problems related to medical service given by hospitals to the members of the Social Security Fund.
Lao News Agency 

Laos supports UN reform for a better response to global challenges
Laos has told the United Nations General Assembly that it supports the reform effort by the United Nations (UN) to better respond to global challenges.
Vientiane Times 

Will Laos Buy New Weapons from Indonesia?
On September 24, reports surfaced that one of Indonesia’s state-owned defense companies had received interest from Laos for some new arms sales. The reports are part of a broader development where Jakarta is seeking to strengthen its defense industry, including through selling more products to regional countries like Laos with which it is commemorating 60 years of relations this year.
The Diplomat 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

UK export credit agency support for trade with Malaysia doubles to over RM28b
UK’s export credit agency, UK Export Finance (UKEF), has increased the support for bilateral trade with Malaysia by more than double to £5bil (RM28.35bil).
The Star Online

Aviation groups urge governments to optimise industry benefits to catalyse US$2.7 trillion economic activity
Governments have been urged by the International Air Transport Association (IATA) and other international organisations to optimise the aviation industry’s benefits by addressing the sector’s critical infrastructure and resource needs in their national development strategies.
The Edge Markets

Malaysia’s dissent on Myanmar statement reveals cracks in ASEAN facade
Dissent surfaced again in ASEAN after Malaysia disavowed a statement issued by the bloc’s chairman, the Philippines, as misrepresenting “the reality” of an exodus of 430,000 ethnic Rohingya from Myanmar.
Channel News Asia

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

Government & private agencies jointly hold Myanmar Insight 2017
The Royal Thai Embassy in Yangon and the Thai Business Association of Myanmar (TBAM) have recently co-organized a business seminar in Bangkok to update Thai investors on the new economic policy of Myanmar.
— NBT World (video)

SEZs offer lessons for manufacturing
Special Economic Zones (SEZs) in Myanmar are considered by the Ministry of Industry as the main pillar of economic development, according to the ministry’s spokesperson.
— Myanmar Times

Rohingya crisis dents Myanmar hopes of Western investment boom
When officials from Myanmar’s commercial capital Yangon toured six European countries in June, they were hoping to drum up investment in transport, energy and education.
— Bangkok Post

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

PDEA fights big drug problem with a measly P1.4-B budget
How can you fight a P12-billion monthly drug problem with a measly P1.4-billion budget for the entire year?
— Philippine Daily Inquirer

Three more Maute hostages rescued; 46 still held captive
The Armed Forces of the Philippines-Western Mindanao Command (AFP-WestMinCom) on Monday confirmed the rescue of three more hostages at the Main Battle Area (MBA) in Marawi City.
— Manila Bulletin

Philippines woos Qatari firms to invest in agro-industrial zones
The Philippines is inviting foreign investors including Qatari companies to invest in nearly six million hectares of lands available as agro-industrial zones and halal hubs and production zones, said Philippine Economic Zone Authority (PEZA) Director General Charito Plaza.
— The Peninsula Qatar

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat

 

Singapore and Indonesia conclude third maritime boundary border treaty
Singapore and Indonesia on Monday (Sep 25) concluded a third maritime boundary border treaty.
Channel NewsAsia 

SCDF, NEA investigating ‘strong burning smell’ in many parts of Singapore
Residents in many parts of Singapore – from the north-eastern areas to the west – have complained of a strong burning smell that started on Monday afternoon (Sep 25), prompting an investigation by the Singapore Civil Defence Force (SCDF) and National Environment Agency (NEA).
Channel NewsAsia 

Lazada expands Alibaba’s Taobao marketplace in Southeast Asia
Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd’s Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Thailand fetches third place in world tourism revenue
Thailand has attained third place in terms of tourism revenue according to 2016-2017 statistics released by the United Nations’ World Tourism Organization (UNWTO).
— NBT World (video)

Fitch: Thailand’s New Beverage Excise Tax to Hit Beer Harder
Thailand’s new Excise Tax Act will have a greater impact on local beer producers than domestic spirits producers as the beer market is more competitive and demand is sensitive to prices, says Fitch Ratings.
— Reuters

Central bank probes alleged malpractice by some commercial banks
The Bank of Thailand is investigating to find out whether some commercial banks or their staff are engaged in a malpractice of advising their customers with big cash deposits to avoid paying income tax on bank interests which exceed 40,000 baht.
— Thai PBS

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Bank Case Reveals Vietnam’s Continued Corruption Problems
The Vietnamese Ministry of Public Security recently began investigating three companies under the state-owned gas and oil group PetroVietnam.
— VOA

4.0 industrial revolution yet to make impact on Vietnam’s textile & garment industry
Many notice boards about the recruitment of garment workers have been installed on Highway No 5, from Quan Goi crossroads to Hai Duong City.
— VietnamNet Bridge

Stocks end mixed on investor caution
Vietnamese shares were mixed on Monday with low trading liquidity as investors remained unsure of the stock market’s prospects.
— Viet Nam 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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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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