Asean Morning News Roundup For February 22

Asean Morning News Roundup For February 22
Estimated Reading Time: 23 minutes |

The Asean Morning News Roundup presents a selection of reports on what you need to know from around the Asean Economic Community (AEC).

 

Asean morning newsAsean Morning News

Compiled by AEC News Today @aecnewstoday

 

APEC links key to tackle disasters, says official
Regional connectivity should be strengthened to devise more initiatives to cope with the “new norm of natural disasters” facing APEC members, a Vietnamese official said yesterday.
– Vietnam News

 

Cambodia morning newsCambodia Morning News

Compiled by Vat Vin    @vin_vat

 

Officials Challenge Government’s News Report About Parties
Election and Interior Ministry officials have denied parts of a government news report claiming that 12 political parties—not including the CNRP—would likely be barred from fielding candidates in June’s commune elections based on pending legislation.
The Cambodia Daily (paywall)

Vietcombank to open subsidiaries in Laos, Cambodia
The Bank for Foreign Trade of Vietnam, one of the country’s four largest State-owned commercial banks, plans to open subsidiaries in Laos and Cambodia this year, a bank official has said.
VietnamNet

Environmental Groups Call on Cambodia to Reject New Laos Dam
Cambodian environmental groups on Friday asked the government to reject Laos’ 912-megawatt Pak Beng hydropower project, alarmed by the potential impacts on fisheries and sediment flow in the Mekong.
VOA

Cambodia to head development group
Cambodia was appointed the chairman of the Least Developed Countries (LDC) group coordinator on Monday, it was announced after the handover ceremony at the World Trade Organization (WTO) in Switzerland.
Khmer Times

German firm signs industry pact
Cambodia-based Kerry Worldbridge Logistics SEZ and InSITE Bavaria yesterday signed a memorandum of understanding (MoU) to conduct a feasibility study to develop the first German-Cambodian industry and technology cluster at Kerry Worldbridge Special Economic Zone.
Khmer Times

Shortages push up cashew price
The price of fresh cashews has jumped by about 30 percent over the price last year due to shortages of the nut and the fact that the harvest will not get into full swing until early next month.
Khmer Times

CSX developing app for securities trading
A new online trading platform is being developed to spur interest in Cambodia’s sleepy stock market by allowing traders to access the exchange remotely via software compatible with smartphones, a bourse spokesman said yesterday.
The Phnom Penh Post

JC airlines is almost ready to fly
With its operating licence almost in the bag, JC International Airlines is gearing up to launch passenger service next month with two aircraft and an ambitious expansion plan.
The Phnom Penh Post

Emirates set to launch flights to Phnom Penh
Emirates Airlines will expand its presence in Cambodia by launching a daily passenger flight between Dubai and Phnom Penh, with a stopover in Yangon, as part of the Dubai-based carrier’s push into the region.
The Phnom Penh Post

Korean investor mulls cashew nut exports
Minister of Agriculture Veng Sokhon met yesterday with representatives of South Korean firm Hwashin Construction Co Ltd to discuss a potential investment of $200 million in cashew nut exporting and an irrigation system, a ministry official said.
The Phnom Penh Post

US Firms, Envoys Differ in Approach to Gov’t
A U.S. business delegation arrived in Cambodia on Tuesday eager to deepen relationships between the two countries, a day after the U.S. Embassy issued a statement condemning recent developments in Cambodian politics.
The Cambodia Daily (paywall)

Cambodians Hope Angelina Jolie’s Film Will Help Spread Awareness of a Harrowing History
After viewing Angelina Jolie’s latest production, “First They Killed My Father”, in Siem Reap this week, Cambodians say they hope the film will encourage more people to learn about their harrowing history.
VOA

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

Jokowi criticizes Trade Ministry for lack of innovation
President Joko “Jokowi” Widodo criticized the Trade Ministry for not being more ambitious and coming up with new innovations to penetrate new markets abroad.
— Jakarta Post

Business permits no longer need renewing as of today
he Trade Ministry has distributed circulars to inform officials that business permits (SIUP) no longer need to be renewed and that registration certificates (TDP) can be renewed online.
— Jakarta Post

Bali makes gains and losses

In the wake of a very challenging 2015, Bali’s average hotel occupancy increased 4% in 2016 bringing a shot of fresh air and hope, but at what cost?
— TTR Weekly

Indonesia: Widespread flooding hits Jakarta
Many days of torrential rain have brought floods to Indonesia’s capital, closing schools and causing travel disruption.
— Al Jazeera

Jakarta floods threaten Ahok’s prospects for re-election
Heavy rainfall that led to widespread flooding in Jakarta yesterday has threatened to dampen Governor Basuki Tjahaja Purnama’s hopes for re-election.
— The Straits Times

Six people arrested for alleged poaching of Sumatran tigers
The Environment and Forestry Ministry has arrested six people for the alleged poaching of Sumatran tigers in Solok, West Sumatra.
— Jakarta Post

Children’s sex book causes stir in Indonesia
A children’s book is at the centre of a controversy in Indonesia because it teaches children about masturbation.
— BBC News

North Lombok administration to conduct building inspection along Gili Trawangan
The North Lombok regency administration in West Nusa Tenggara plans to conduct building inspections of 143 hotels, bars and restaurants for violating coastline building regulations.
— Jakarta Post

PT PP soars with growing national construction industry
State-owned construction firm PT PP booked Rp 16.46 trillion (US$1.23 billion) in revenue last year, up 15.75 percent from 2015.
— Jakarta Post

Counterfeits cause Rp 65.1t loss in Indonesia: Study
Counterfeit products are still rampant in the Indonesian market and cause a total loss of Rp 65.1 trillion (US$4.82 billion) to the national economy, a study by the Indonesian Anti-Counterfeiting Society (MIAP) claims.
— Jakarta Post

Saudi king to visit Indonesia in March with entourage of 1,500: Indonesian officials
Saudi Arabia’s King Salman will visit Jakarta and Bali on the Indonesian leg of his Asian tour next month, bringing 1,500 people in his entourage including 10 ministers, Indonesian officials said.
— Channel NewsAsia

Foreign researchers ‘steal’ Indonesia’s genetic resources
Govt may incorporate clause on biopiracy in revision of 1990 bill on natural resources.
— Jakarta Post

Jambi sees high number of dengue cases
The Jambi Health Agency has asked residents to take preventive measures against dengue after it recorded thousands of dengue cases in the past year.
— Jakarta Post

Bali prosecutors ask for eight-year jail term for Sara Connor and David Taylor
Bali prosecutors have called for Australian woman Sara Connor and her British boyfriend, David Taylor, to receive the same eight-year sentence over the alleged fatal assault of a local police officer, saying she had failed to admit her role in what happened.
— The Guardian

Ocean Summit in Bali to discuss future of ‘blue’ economy
With seas around the globe facing unprecedented pressures caused by humans’ reckless endeavors, ranging from exploitative fishing to pollution, prominent international institutions and industry leaders as well as scientists and government representatives are set to convene to discuss the future of a sustainable ocean economy.
— Jakarta Post

Jokowi to visit Australia to boost trade after spat
President Joko “Jokowi” Widodo will visit Australia in an effort to speed up economic cooperation after a recent row on a military training collaboration.
— Jakarta Post

 

Lao PDR morning newsLao PDR Morning News

Compiled by Jose Rodriguez Senas    @15Souter

 

Ministry strives to address deficiencies
Being stricter around planning, financial discipline and the construction of high quality infrastructure at reasonable costs are some of the targets that the Ministry of Public Works and Transport would like to reach in the coming years.
— Vientiane Times

Laos still faces chemical management issues
Laos is currently facing a variety of chemical management issues due to a shortage of a full set of regulations, adequate knowledge, the proper equipment and a satisfactory budget.
— Vientiane Times

Laos, Development Partners Evaluate Compliance with International Health Regulations
The Ministry of Health, in cooperation with the World Health Organization, met in Vientiane on Tuesday Feb 21 to discuss the assessment of Laos’ capacity under International Health Regulations (2005).
— Lao News Agency

Laos’ Pak Beng Dam Proposal Under Scrutiny
Members of Mekong River Commission and civil society groups will be heading to Luang Prabang in Laos to attend the regional stakeholder meeting on Wednesday to discuss Laos’ proposal to build a third dam on the Mekong mainstream, the Pak Beng.
— VOA

Border row amid state visit by Laos
Lao President Bounnhang Vorachith is expected to arrive in Phnom Penh today for a state visit to the Kingdom. Meanwhile 600 kilometres away, Cambodian and Lao troops remain in a stand-off after a territorial dispute over a Cambodian-built road near the countries’ border.
— Phnom Penh Post

Laos agrees to consider Thailand’s request for actions against lese majeste suspects
Army Chief Gen Chalermchai Sitthisart said Laos has agreed to consider Thailand’s proposal to help tackle Thai criminals including anti-monarchy dissidents in its territory.
— The Nation

Fish deaths in Houayxai caused by fenpropathrin
The Ministry of Ministry of Natural Resource and Environment’s Department of Pollution Control confirmed on Feb 21 that fish found floating dead in the Nam Ngao sanctuary, Houayxai District, Bokeo Province had resulted from the use of hazardous chemical called “Fenpropathrin”.
— Lao News Agency

Laos to fight against illicit trafficking of cultural property
Laos highly respects its obligations to protect cultural heritage, in particular its movable cultural heritage, after the country accepted the 1970 UNESCO Convention on the illicit trafficking of cultural property at the end of 2015.
— Vientiane Times

Project reviews progress of basic education
The steering committee of Basic Education Quality and Access in Laos programme (BEQUAL) met yesterday to review progress on the implementation of the project and discussed the BEQUAL plan 2017.
— Vientiane Times

Saravan to Focus on Developing Tourist Sites for Visit Laos 2018
Saravan Province will soon focus on the development of tourist sites and the improvement of tourism infrastructure facilities to prepare to welcome Visit Laos 2018.
— Lao News Agency

Vietcombank to open subsidiaries in Laos, Cambodia
The Bank for Foreign Trade of Vietnam, one of the country’s four largest State-owned commercial banks, plans to open subsidiaries in Laos and Cambodia this year, a bank official has said.
— Vietnam.net

Farmers Transplant Rice Crops on over 125,000 ha so far this dry season
The Ministry of Agriculture and Forestry has reported that over 78,000 ha nationwide, 83 per cent of the set target, have been planted with rice crops since the beginning of dry season this year.
— Lao News Agency

Laos trips up on bid for soccer glory
There were reasons for Laos soccer fans to be cheerful at the start of 2017 and most of those were because of Lanexang United.
— Nikkei Asian Review

 

Malaysia morning newsMalaysia Morning News

Compiled by Vat Vin    @vin_vat

 

Exclusive: Malaysia’s Blinkware to raise $2m from VCs to fund R&D
Malaysia’s Blinkware Technology, a motion and gesture platforms provider is raising $2 million from venture capital funds to give a push to its R&D efforts to roll out the Software Development Kit (SDK) for client applications.
Deal Street Asia

Petronas’ 2016 profit margins improve despite tough environment
National oil corporation Petroliam Nasional Bhd (Petronas) will record a lower revenue for 2016 from RM248bil in 2015 owing to the plunge in crude oil prices when it reports its financial results in March.
The Star Online

Petronas signs contract with Chinese consortium for Flexi-HDPE plant
Petroliam Nasional Bhd (Petronas) has signed the engineering, procurement, construction and commissioning (EPCC) contract for Pengerang Integrated Complex (PIC)’s Flexible High-Density Polyethylene (Flexi HDPE) plant.
New Straits Times

Macau biz tycoon Stanley Ho’s family member leads funding round in BookDoc
Malaysian healthcare technology start-up BookDoc has announced the latest investment round led by a family member of Macau billionaire tycoon Stanley Ho, another strategic investor after Prince Qawi of the Royal Brunei Family.
Deal Street Asia

Kronologi net profit more than double despite weaker sales in Malaysia
MALAYSIAN-based data solutions provider Kronologi Asia Bhd’s full year net profit more than doubled to RM7.43 million, while revenue jumped 32.5% to RM81.28 million, mainly driven by stronger overseas business.
Digital New Asia

EPF performance: Diversification move set to reduce portfolio risks, deliver stable returns
The Employees Provident Fund’s (EPF) strategy of diversifying into different asset classes, including private equity investment, will reduce the overall portfolio risks while delivering stable returns in the future.
New Straits Times

Ringgit unchanged against US dollar at opening
The ringgit opened unchanged against the US dollar in early trade today, as traders were cautious ahead of the US Federal Reserve’s (Fed) meeting, a dealer said.
New Straits Times

KL remains top choice for commercial investment, development
Kuala Lumpur remains the top choice for commercial investment or development, followed by Selangor, (23 per cent), Penang (17 per cent), Johor (20 per cent) and Sabah (11 per cent), said Knight Frank Malaysia.
New Straits Times

Hong Leong Bank looking pricey versus other banks
Hong Leong Bank’s earnings in the first half ended Dec 31, 2016 (1HFY6/17) were in line with CIMB Equities Research and market’s expectations but the valuations have started to look pricey.
The Star Online

Affin Hwang maintains buy on IOI Properties, up target to RM3
Affin Hwang Capital Research has reiterated its “buy” call on IOI Properties Group Bhd with a higher target price of RM3, based on a 40% discount to revalued net asset value (RNAV).
The Star Online

 

Myanmar morning newsMyanmar Morning News

Compiled by Stella-maris Ewudolu    @Estee

 

Myanmar Villagers Demand Land Compensation From Copper Mine Operator

About 100 residents from the town of Letpadaung protested on Tuesday against the Chinese company that operates a controversial copper mine in northwestern Myanmar’s Sagaing region, a villager said.
— Radio Free Asia

Myanmar Authorities Seize Rohingya-Owned Farm Lands
The Maungdaw Township administration seized many acres of Rohingya-owned farmlands in southern Maungdaw last week in order to set up a model Hindu village, reports say.
— Rohingya Vision

More VN firms eye investing in Myanmar
VIETNAM IS among the top 10 foreign investors in Myanmar, with nearly 80 businesses pouring in investment worth US$1 billion (Bt35 billion) in the host country.
— The Nation

Myanmar Commission Prepares to Submit Report on Rakhine
A national-level commission investigating alleged atrocities against Rohingya Muslim villagers during a crackdown in western Myanmar’s Rakhine state is preparing to issue a report on its findings to President Htin Kyaw.
— Radio Free Asia

Mann Shwe Settaw Pagoda festival raises K100 million
The Mann Shwe Settaw Pagoda Festival has collected K106.6 million in donations in 18 days since the celebrations began on February 1.
— Myanmar Times

The Peninsula to arrive in Yangon
First Myanmar Investment (FMI) has announced its luxury hotel venture The Peninsula Yangon as part of its real estate development Yoma Central, a move that coincided with a rise in its share price.
— Myanmar Times

Over K100b alcohol, cigarette tax collected in nine months
The government has received more than K100 billion in taxes from the production and sale of alcohol and cigarettes in Myanmar over a period of nine months, said Deputy Minister for Planning and Finance U Maung Maung Win.
— Myanmar Times

Nurses, midwives urged to adhere to ethics and council laws
The Myanmar Nurse and Midwife Council (MNMC) has urged all nurses and midwives to adhere to ethics and council laws to improve the level of professionalism in the industry.
— Myanmar Times

One-third of street food has dangerous bacteria: study
New research has confirmed what many of us have already learned the hard way – that consuming Yangon’s street food can end in food poisoning, particularly for those who have not built up immunity to the many types of bacteria on offer.
— Myanmar Times

YBS reform in the pipeline
One month after the Yangon Bus System started, the Yangon chief minister warned bus owners and drivers that they must follow the instructions of the government. Those who violate the rules would be eased out, said U Phyo Min Thein on February 17.
— Myanmar Times

Region gov’t to supply farmers with inputs: Yangon Region Chief Minister
The regional government has started working to provide farmers with loans, technology and inputs for the implementation of advanced farm projects, said Yangon Region Chief Minister Phyo Min Thein.
— Eleven

Peace conference moved to March
The Union Peace Conference, or the 21st century Panglong Conference, has been postponed to March from its original scheduled date of February 28.
— Eleven

Direct Yangon-Phnom Penh flights to launch July 1
Good news for travelers — starting from July 1, Emirates will be serving a direct flight from Yangon to the Cambodian capital city of Phnom Penh, the airline announced in a statement today.
— Coconuts Yangon

UN envoy visits Rohingya camps in Bangladesh
UN human rights envoy Yanghee Lee was Tuesday visiting Rohingya refugee camps in southeastern Bangladesh, where thousands have taken shelter after fleeing a military crackdown in Myanmar.
— Coconuts Yangon

Myanmar probing police ‘cover-up’ of deaths of two Rohingya Muslims
Myanmar’s army-controlled home ministry is investigating a cover-up by the country’s border force of the deaths in custody of two Rohingya Muslims in troubled Rakhine State, according to a police report reviewed by Reuters and interviews with two senior security officials.
— Channel NewsAsia

 

Philippines morning newsPhilippines Morning News

Compiled by Jose Rodriguez Senas    @15Souter

 

Plunder raps vs Napoles upheld
A SUPREME Court decision on Tuesday meant alleged pork-barrel scam mastermind Janet Lim-Napoles will not be released despite the solicitor general’s decision to reverse her conviction in a serious illegal-detention case.
— Manila Standard

NEDA OK’s Duterte gov’t economic blueprint
THE NATIONAL Economic and Development Authority (NEDA) Board approved in its meeting last Monday night the blueprint of President Rodrigo R. Duterte’s administration to fire up economic growth to a faster pace while lifting more Filipinos out of poverty, the socioeconomic planner announced yesterday.
— BusinessWorld

Gov’t eyes ‘experts’ for new mine audit
THE GOVERNMENT BODY organizing a separate audit of mining operations nationwide — after the Department of Environment and Natural Resources (DENR) earlier this month ordered nearly a hundred such projects to shut down, including more than half the country’s 41 operating metal mines — plans to field “experts” for this task which could start next month, officials said on Monday night.
— BusinessWorld

Philippines Seed Industry Outlook to 2021 – Rising Government Support to Improve Agriculture Sector with Demand for Hybrid Seed to Foster Growth – Research and Markets
Research and Markets has announced the addition of the “Philippines Seed Industry Outlook to 2021 – Rising Government Support to Improve Agriculture Sector with Demand for Hybrid Seed to Foster Growth” report to their offering.
— BusinessWire

Tokhang estopped: SC’s 2nd amparo out
THE Supreme Court on Tuesday issued a second writ of amparo with a protection order in favor of the family of an alleged drug pusher who was among the thousands who had been killed in the government’s war against illegal drugs.
— Manila Standard

Duterte bats for ‘strategic shift’ in ending war with Reds
President Rodrigo Duterte is working to change strategy in his effort to resolve Asia’s longest-running communist insurgency, according to chief presidential peace adviser Secretary Jesus Dureza in a statement on Tuesday, February 21.
— Rappler

BSP vows action vs forex disruptions
The Bangko Sentral ng Pilipinas (BSP) has vowed to guard against disruptive and excessive movements in the foreign exchange market as the peso continued to fall to its weakest level against the dollar in more than a decade.
— Philippine Star

Philippines: Real estate developer Cebu Landmasters targets $75m IPO
Real estate development firm Cebu Landmasters Inc is targeting to raise up $75.5 million (P3.8 billion) from an initial public offering (IPO) in the Philippine Stock Exchange (PSE) in May 2017.
— Deal Street Asia

Stärken is now in the Philippines
THE construction industry in the Philippines is going to experience a revolutionary development according to Stärken Philippines Inc. President Samuel Luison.
— BusinessMirror

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Businesses unhappy with lack of urgent fixes
SMALL and medium enterprises (SMEs) and businesses, already feeling the pain from a tough business climate, are unhappy with the lack of short-term measures that they were hoping to see in Budget 2017
The Business Times 

Singapore Records Growth in MICE Arrivals in 2016
According to the Singapore Tourism Board (STB), Singapore’s business events sector posted 15% year-on-year growth in 2016.
Trade Show News Network 

Financial commentators on Singapore Budget 2017
Minister for Finance Mr Heng Swee Keat had laid out the Government Budget 2017 with plans to help Singaporean tackle an increasingly complex global environment, while also promising more measures to help reduce environmental impact as the Government continues its efforts to develop Singapore’s economy.
The Online Citizen 

Singapore to retain home curbs for some time
Singapore’s residential property curbs are expected to stay for some time as the city-state’s economy remains stable and demand is still “very resilient,” National Development Minister Lawrence Wong said.
The Star Online

Hacks, lean IT teams push SMEs towards next-gen cybersecurity tools
Homegrown baking supplies company Phoon Huat is looking to go digital and had plans to roll out an e-commerce platform last December as part of its digitalisation plans.
Channel NewsAsia 

Businesses say they will take water price hike in their stride
When Finance Minister Heng Swee Keat announced on Monday (Feb 20) that water prices would go up by 30 per cent, the news did not give laundromat chain founder Tan Tiong Peng a “heart attack” — thanks to his decision to invest in water-efficient machines when he started the business in 2010.
Today Online 

Taxing e-commerce players such as Amazon one way to raise Govt revenue: Experts
With the Government needing to impose new taxes or raise existing ones to fund growing healthcare and infrastructure expenditure, tax experts have suggested several ways for the country to boost its coffers: Taxing e-commerce operators such as Amazon and Taobao as well as those providing business-to-business (B2B) services, creating a new tax bracket for the ultra-rich, and increasing the goods and services tax (GST) rate.
Today Online 

Carbon tax and water price hike to dampen REIT dividends
New policies might decrease net operating incomes.
With the implementation of carbon tax and increased water prices in Singapore after the Budget 2017, dividends paid out by Estate Investment Trusts (REITs) is expected to decrease.
Singapore Business Review

CII signs MoU with Singapore trade and business agencies
Singapore, Feb 21 (PTI) In a first between Indian and Singapore business institutions, the Confederation of Indian Industry (CII) has signed a Technology Partnership MoU with two Singapore agencies to promote expertise in expanding businesses.
India Today

Singapore IT bosses turn to open source
In order to successfully compete in the age of the customer and continue to deliver world-class operational capabilities, senior IT decision makers from Singapore plan to focus on three IT and business priorities in the next 12 months.
Enterprise Innovation

Singapore tops list of 17 cities with highest greenery density
Singapore is the city with the highest density of greenery based on a list of 17 cities, according to an interactive website which measures canopy coverage.
The Straits Times

Thomson Reuters opens Singapore data science lab
The Lab will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region. The Singapore Lab is the first branch in Asia to open as part of Thomson Reuters Labs growing global network, joining locations in Boston, Cape Town, London, Waterloo (Canada) and Zürich.
Finextra 

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo-journ

 

Tourist SIM-tracking plan axed

Plans for special SIM cards for tourists have finally been scrapped by the national telecom regulator after facing strong opposition from the government, which says the idea will do more harm than good.
— Bangkok Post

Unemployment Rate Rises In Thailand
Let us take this into perspective. The National Statistical Office said in January this year that there are 37.94 million people in working ages, but 37.21 million of them or 98.1% are employed while 449,000 or 1.2% are unemployed, and 275, 000 others or 0.7% are seasonal employees.
— Buriram Times

New bill on foreign quota for aviation
The cabinet yesterday approved a new bill on civil aviation that authorises the Civil Aviation Board (CAB) to decide the proportion of foreign ownership in Thailand’s aviation business.
— Bangkok Post

90% of Internet Users in Thailand Use Smartphones
Smartphones are increasingly the dominant means of internet access and online activity in Thailand.
— Thailand Business News

Thailand to stop sugar subsidy by year-end
The government will stop subsidising sugar production and drop domestic control of consumer prices for sugar by the end of the year, a Ministry of Agriculture official said on Tuesday.
— Bangkok Post

PCMA and UAI Choose Thailand for Their Global Business Events
Thailand has won the business to host two prestigious global events in 2017; the Professional Convention Management Association’s (PCMA) Global Professionals Conference for the Asia-Pacific region will convene for the first time Aug. 28-31 in Southeast Asia in Bangkok and the Union of International Associations (UIA) will host their Round Table Asia Pacific, where approximately 100 association representatives will meet Sept. 21-22 in Chiang Mai.
— TSNN

Thailand: Massive raids lead to seizure of US$85 mil worth of drugs
THAI police have seized drugs worth Bt 3 billion (US$85 million) in three major drug busts over last week, national police chief Pol General Chakthip Chaijinda told a press conference at the Royal Thai Police head office in Bangkok.
— Asian Correspondent

Thailand unveils ‘MICE Magnificent Themes’ campaign to target Oceania Market at AIME 2017
The Thailand Convention and Exhibition Bureau (TCEB) launched a new campaign titled, “MICE Magnificent Themes” to promote Thailand as a unique destination for incentive travel for the fast-growing Oceania market.
— TravelDailyNews

1-Net, TCCtech collaborate to expand cloud-enabled data centre in Thailand
T.C.C. Technology Co, Ltd (TCCtech) recently announced the upcoming completion of their cloud-enabled data centre facility expansion in Bangkok, Thailand.
— Digital News Asia

Swedish grain management company establishes Thailand subsidiary
Tornum from Sweden is a developer and manufacturer of grain facilities that has evolved into a market-leading global supplier.
— ScandAsia

 

Vietnam morning newsVietnam Morning News

Compiled by John Le Fevre    @photo-journ

 

Property stocks boost VN-Index
The benchmark VN-Index bounced back above 710 points yesterday, boosted by strong investments in property stocks as investors sought new opportunities in speculative shares.
– Vietnam News

Vietnam’s car market has second-fastest growth in world
JATO, a UK-based market analysis firm, in its latest report, showed that the Vietnamese market grew by 27.1 percent in 2016, becoming the second fastest growing market in the world, just after Singapore.
– VietnamNet

Res. 19 rehabilitates business climate
Over the past two years, international indices on Vietnam’s business climate have decreased. That is why in 2017, the government is making great efforts to improve the country’s investment and business climate, and economic competitiveness in comparison to other ASEAN nations. Resolution 19 is aimed at highlighting measures to reach this target.
– VietnamNet

Japanese seafood exporters keen to explore Vietnamese market
More than 30 Japanese seafood processing businesses participated in the Viet Nam-Japan trade co-operation programme organised by the Japan External Trade Organisation (JETRO) in HCM City on Monday.
– Vietnam News bizhub

Realizing Vietnam’s 4G ambition
OpenSignal, a global mobile application provider, recently revealed that the average mobile broadband speed in Vietnam is 3.81Mbps, lagging far behind the Asian average which Ookla stated last year was 10.9Mpbs.
– Telecomasia.net

Titanium mining project rejected due to environmental risks
Authorities in the south-central province of Binh Thuan have turned down a proposed titanium mining project, saying that it could contaminate underground water resources and the environment.
– Vietnam News bizhub

2011-2016: VN gains almost $60b in footwear export
Under statistics from the General Department of Customs, export value reached $6.5 billion in 2011, $7.3 billion in 2012, $8.4 billion in 2013, $10.3 billion in 2014, $12 billion in 2015 and $13 billion in 2016.
– VietnamNet

More VN firms eye investing in Myanmar
VIETNAM IS among the top 10 foreign investors in Myanmar, with nearly 80 businesses pouring in investment worth US$1 billion (Bt35 billion) in the host country.
– The Nation

Vietcombank to open subsidiaries in Laos, Cambodia
The information was released by Nghiem Xuan Thanh, chairman of the bank, on the sidelines of the meeting between officials of the State Bank of Viet Nam (SBV) and their Lao and Cambodian counterparts late last week.
– VietnamNet

Petrolimex expected to list in Q1
The Vietnam National Petroleum Group (Petrolimex) has completed the necessary paperwork for its shares to be listed on the stock exchange.
– VietnamNet

Vinalines to develop logistics centre in the capital
Vietnam National Shipping Lines (Vinalines) plans to develop a large-scale logistics centre in the capital as part of its development strategy for  2020, thoibaotaichinhvietnam.vn reports.
– VietNam News

First train of Cát Linh-Hà Đông urban railway installed
The first train of the Cát Linh-Hà Đông urban railway has been installed safely on the track, the Railway Projects Management Unit (under the Ministry of Transport) announced early Tuesday.
– Vietnam News

WB-loaned hydropower plant puts first turbine into use
The first turbine of the Trung Son plant, Viet Nam’s first hydropower project with credit loaned from the World Bank, in Thanh Hoa Province has begun generating electricity for the national grid.
– Vietnam News bizhub

Vietnam’s position in the new world order
The problems that plagued the world economy in 2016 will continue this year, coupled with several new issues that have drawn the world’s attention-nationalism and trade protectionism.
– VietnamNet

Vietnam steelmakers ask for dumping measures
Four Vietnamese steelmakers- including China Steel Sumikin Vietnam JSC, Phuong Nam Co. Ltd., Nam Kim Steel JSC, and Dong A Steel JSC- continued to demand new measures to prevent coated steel sheets shipped from mainland China and the Republic of Korea from being sold at cheap prices in the market.
– VietnamNet

 

 

The Asean Morning News Roundup is compiled by the editorial team at AEC News Today: Governance, not government; policies not politics.

 

 

 

 

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