Asean Morning News For September 29

Asean Morning News For September 29

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

RCEP the grand blueprint of Xi Jinping’s world trade game
During the five years between the 18th and 19th Chinese Communist Party congresses, President Xi Jinping has openly called for Asia to move toward a community of common destiny.
— Asia Times

ASEAN Organic Cosmetics Market is Expected to Reach US $ 4,410.9 Mn by 2020
The global organic cosmetics market was valued at nearly US$ 40 billion in 2015, and by 2020, it is expected to reach US$ 66 billion, increasing at a CAGR of over 10%. ASEAN, an emerging market for organic cosmetics, is expected to witness high demand, driven a number of factors on which information is offered in the report, “Organic Cosmetics Market: ASEAN Industry Analysis and Opportunity Assessment, 2014-2020”.
OpenPR (media release)

ACE and WCA commit to promoting clean coal technology development
The ASEAN Centre for Energy (ACE) and the World Coal Association (WCA) have signed a Memorandum of Understanding (MoU) that formalises their long-term partnership during the ASEAN Energy Business Forum (AEBF) 2017, on the sidelines of the 35th ASEAN Ministers on Energy Meeting (AMEM).
— World Coal

Asia Pacific Biochar Market Predicted to Witness Surge in the Near Future 2014 – 2020
The Asia Pacific biochar market is expected to witness significant contribution to the global biochar market, by registering a robust growth of nearly 10% by 2020. Growth of biochar market is also associated with the bio-fuel sector as the former is a by-product of the bio-fuels industry.
Industry Today (media release)

SE Asia Stocks-Philippines drops on profit-taking; others tread water
Philippine shares fell in low-volume trade on Thursday, heading for a fourth session of decline in five, as investors continued to book profits after the market hit a record high earlier this month.
— Reuters

Uber launches in Cambodia and starts parcel delivery in Indonesia’s second largest city
Uber today launched its ride-hailing service in Cambodia and started a new feature in Indonesia’s second-largest city Surabaya: UberDeliver, an on-demand courier service.
— Tech in Asia

Mobile ad spend poised to swell, will account for 69% of ad expenditure by 2021
When it comes to deciding how to split your digital ad spend, things can get complicated given how many aspects of digital needs to be considered. However, a recent report by market research company eMarketer has found mobile ad spending to rise in the next five years from 2017 to 2021.
— Marketing Interactive

ASEAN seventh largest economy in the world, says envoy
The Association of Southeast Asia Nations (ASEAN) regional bloc marked its 50th foundation anniversary Wednesday night with exhibitions, fashion, and cultural shows, plus food delicacies of these countries.
— Kuwait Times

Global IPO issuance highest in a decade
The volume of initial public offerings (IPOs) in the first nine months of the year has already exceeded last year’s total, according to data in the latest EY Global IPO Trends: Q3 2017 report by Ernst & Young. In terms of capital raised, this would be the best year for global IPO performance in a decade.
— Today Online

ASEAN can slow growth of coal power with ‘progressive’ policy, tech — experts
MEMBER STATES of the Association of Southeast Asian Nations (ASEAN) can significantly reduce their dependence on coal to generate power if they assume a “progressive” stance that includes a policy towards greater energy efficiency and the use of more renewable energy technologies.
— BusinessWorld Online

Philippines is 8th most vulnerable to malware in Asia Pacific
Microsoft Asia Pacific has released regional findings from their global Security Intelligence Report (SIR), Volume 22, which found that emerging markets such as Bangladesh, Cambodia, Indonesia, Myanmar and Vietnam are among the top five most exposed countries in Asia Pacific to malicious programs.
— Manila Bulletin

Asean Inc’s debt dilemma
It’s too early to tell whether the recent stabilisation of credit quality at major South Asian companies mark a shift towards more conservative balance sheets, according to S&P Global Ratings.
— Finance Asia (registration)

ASEAN must not align itself with major powers: experts
To preserve its independence and bargaining power in the next half century, ASEAN must not align itself with any major power, a Cambodian scholar told a conference marking ASEAN’s 50th anniversary here Wednesday.
— Myanmar Times

Ford appoints Thai woman Yukontorn as head of Ford Asean
Ford Motor Company on Thursday announced the appointment of Yukontorn “Vickie” Wisadkosin to president, Ford Asean, effective October 1.
— The Nation

 

Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

Uber and Grab take their ride on-demand battle to Cambodia
Cambodia is set to become the newest battlefield for Uber and Grab’s ride on-demand battle after both companies expanded into the Southeast Asian country’s capital city Phnom Penh this week.
TechCrunch 

China’s development greatly contributes to global economy, stability: Cambodia deputy PM
Cambodian Deputy Prime Minister Hor Namhong said on Thursday that China’s success and development has made great contribution to the stability and development of economies around the world.
Xinhua

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

The Indonesian Wall and Floor Tile Market is Projected to Reach USD 12.7 Billion by 2021: Ken Research
The Indonesia tiles industry will be driven by government investment in infrastructure development of airports and residential settlements. The Indonesian Wall and Floor Tile Market are expected to touch triple its size in 2016 by the end of 2021. This will be supported by increasing urbanization and mounting disposable income.
— PR Newswire (media release)

Indonesia: Indosat deploys 80% of SoftBank-backed fund, no plans to raise new vehicle
Indonesia’s telco firm Indosat Ooredo said it has deployed about 80 per cent, or equivalent to $40 million, of its $50 million, SoftBank-backed SB ISAT fund launched in 2014, CEO Alexander Rusli told this portal.
— Deal Street Asia

Citi Foundation Prepares Three-Year $100 Mln Committment to Prepare Global Youths for Job Market
Citi Indonesia announced announced on Wednesday (9/28/2017) of this year a global expansion of the Pathways to Progress initiative led by a Citi Foundation investment of US$100 million to connect 500,000 young people, ages 16-24, to training and jobs over the next three years.
— Netral News

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Laos markets 14bn baht multi-tranche bonds
Lao People’s Democratic Republic is offering six-tranche bonds of 14 billion baht ($420 million) to institutional investors at maturities ranging from three to 15 years.
Kitco

Laos sells 100MW electricity to Malaysia
Laos has agreed to sell 100 megawatts (MW) of electricity to Malaysia via Thailand’s power grid in a trade deal signed on Wednesday by the involved parties, a senior Lao official has said.
Vientiane Times 

Laos Signs Power Purchase Deal with Thailand, Malaysia
Laos signed on Sep 27 a tripartite electricity-trading agreement with two neighbouring Thailand and Malaysia to sell 100 mw of electricity to Malaysia using power transmission system in Thailand.
Lao News Agency 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1

 

UK-MALAYSIA TRADE GIVEN £2.75BN BOOST
The UK Prime Minister’s Trade Envoy to Malaysia has pledged an extra £2.75bn in support to boost trade between the country and the UK.
Insider Media Limited

TNB’s RM6bil Manjung 5 power plant switches on
Tenaga Nasional Bhd (TNB) has powered up its RM6bil coal-fired power plant, Manjung 5 at midnight earlier today, three days ahead of its targeted commercial operations date of Oct 1, 2017.
The Star Online

Malaysia inks EPWA to buy energy from Laos
Malaysia has sealed a Energy Purchase and Wheeling Agreement (EPWA) with Laos and Thailand for what is Asean’s first multilateral cross border trading project.
The Borneo Post

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov

 

Rakhine Conflict Decimates Border Trade
Conflict in Rakhine State has sent trade in the northern part of the state to a screeching halt.
— Myanmar Business Today

Myanmar says poised to take back ‘verified’ Rohingya refugees
Myanmar authorities will soon launch a national verification process for refugees who fled violence in Rakhine state to neighbouring Bangladesh, a minister declared on Thursday.
— Business Standard

Exporters must diversify: minister
Minister for Commerce Than Myint has warned firms that heavy reliance on a single market for rice, beans and other products exports may harm the economy.
— Eleven Myanmar

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

AIIB funds $500M flood control
The Asian Infrastructure Investment Bank (AIIB) has approved funding part of the $500-million Metro Manila Flood Management Project, the first to be approved for the Philippines by the new multilateral financial institution focused on infrastructure in Asia.
— Malaya

Philippines is 8th most vulnerable to malware in Asia Pacific
Microsoft Asia Pacific has released regional findings from their global Security Intelligence Report (SIR), Volume 22, which found that emerging markets such as Bangladesh, Cambodia, Indonesia, Myanmar and Vietnam are among the top five most exposed countries in Asia Pacific to malicious programs.
— Manila Bulletin

Milk formats and three-in-one removed from Philippines sugar tax draft
In the Philippines, a proposed excise tax on sweetened beverages will not cover milk and infant formula, as had been originally mooted.
— Food Navigator Asia

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat

 

Changi airport restores check-in services after global outage hits several major airlines
A global software outage involving the check-in systems of several major airlines, including Singapore Airlines (SIA), caused travel disruptions around the world for at least three hours on Thursday (Sept 28).
Today Online 

Govt to bring forward another S$700m of construction jobs
RECOGNISING that the construction sector is undergoing a difficult time, the government is looking at measures to help local SME (small and medium enterprise) contractors, including bringing forward S$700 million in construction projects.
The Business Times 

Singapore is one of the richest nations in the world – and No.1 in Asia for gross financial assets
Singapore has earned its position as one of the richest nations in the world, with its citizens having an average of EUR 89,570 (S$143,000) in net per capita financial assets.
Business Insider 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

PM issues reassurance that nation’s banks are stable
The Prime Minister has given an assurance that the five banks offered special risk managment measures are still stable and only received the measures to ensure stringent control.
— NNT

EEC bill passes first reading
The National Legislative Assembly (NLA) on Thursday accepted the Eastern Economic Corridor (EEC) bill in its first reading and would have its committee scrutinise the bill in 60 days.
— Bangkok Post

Higher Internet usage likely to grow E Commerce to 2 trillion baht in value this year
Statistics indicating Thailand’s most popular past time is surfing the internet and that online buying and selling are among the top 5 most popular activities has bolstered estimates that E-Commerce will reach 2 trillion baht in value this year.
— NBT World (video)

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

MoIT removes regulations on steel quality management
The Ministry of Industry and Trade (MoIT) has promulgated Circular 18/2-17/TT-BCT to remove some regulations on managing the quality of locally produced and imported steel.
— Bizhub

Hau Giang urged to improve business environment to attract investment
Prime Minister Nguyen Xuan Phuc asked the Mekong Delta province of Hau Giang to make stronger efforts in administrative procedure reforms and improve the business climate in order to attract investment.
— VietnamPlus

Vietnam expects record breaking fruit & veg exports, forecast at $3.6B
Vietnam vegetable and fruit export revenue is hoped to hit a new record of 3.6 billion USD in 2017, with bumper crops forecast for the rest of the year.
— Fresh Plaza

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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