Asean Morning News For April 12

Asean Morning News For April 12

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Exports, domestic demand deliver solid growth in Asia, Pacific: ADB
Growth continues across most of the economies in developing Asia, supported by continued high demand for exports and rapidly expanding domestic demand, says an Asian Development Bank (ADB) report released on Wednesday.
— Xinhua

The economics of rice in Southeast Asia
It is irrefutable that rice is the staple food of Southeast Asia. This love affair with the seed of the grass species, oryza sativa is not only rooted in the tangible world but has its own mystical underpinnings to it.
— The Asean Post

339,000 ASEAN Travelers love to visit Germany
Why do ASEAN tourists love Germany so much? Is it the German food, German music or perhaps the beer?
— eTurbo News

Thai energy companies roll out expansions across Southeast Asia
Thai energy companies are on a roll. The national oil and gas champion, a coal miner and power utility, upstart solar and wind companies, virtually all are expanding across Southeast Asia, applying practices and technology developed at home.
— Daily Times

US media database a threat to Southeast Asia press freedom warns Reporters Without Borders
A Reporters Without Borders (RSF) spokesperson has described plans by the US Department of Homeland Security (DHS) to compile a database on media outlets and individual journalists as “very worrying for press freedom in Southeast Asia”.
— Southeast Asia Globe

SE Asia Stocks-Rise on hopes of compromise in U.S.-China tariffs war
Southeast Asian stock markets, except Vietnam, rose on Wednesday after U.S. President Donald Trump and Chinese President Xi Jinping both struck conciliatory notes on trade, holding hopes of a compromise between Washington and Beijing on tariffs.
— Reuters

Asian manufacturers less optimistic about output amid trade tensions
Manufacturers in Asia have become less optimistic about their output in the coming months as escalating trade tensions cast doubt over the regional economy.
— Nikkei Asian Review (metered paywall)

ASEAN AND THE ART OF LIVING WITH CHINA
The unity of the Association of Southeast Asian Nations (Asean) was shaken after the International Tribunal of the Law of the Sea delivered its judgment on the South China Sea maritime claims in July 2016.
South China Morning Post 

Thai energy companies roll out expansions across Southeast Asia
Thai energy companies are on a roll. The national oil and gas champion, a coal miner and power utility, upstart solar and wind companies, virtually all are expanding across Southeast Asia, applying practices and technology developed at home.
Reuters 

ADB forecasts solid, slightly lower growth in developing Asia
The Asian Development Bank forecast Wednesday that economic growth in developing and newly industrialized economies of Asia and the Pacific will remain solid in 2018 and 2019, albeit slightly lower than last year.
ABS-CBN News 

ASEAN trade, culture exchange to be held in HCM City
The event, hosted by the city’s People’s Committee, is to mark Vietnam’s 43rd Reunification Day (April 30) and the 3rd founding anniversary of the ASEAN Economic Community.
VIETNAMNET Bridge 

Asian manufacturers less optimistic about output amid trade tensions
Manufacturers in Asia have become less optimistic about their output in the coming months as escalating trade tensions cast doubt over the regional economy.
Nikkei Asian Review (metered paywall)

China’s “Belt & Road” gains momentum from Kunming to Mombasa
New Zealand is actively committed to ASEAN taking the lead to support regional integration, as well as to providing aid for the less-developed ASEAN countries, officials said during the 25th ASEAN-New Zealand dialogue held in Jakarta on Wednesday.
The Jakarta Post 

Economy in brief: House approves ASEAN banking protocol
Lawmakers of the House of Representatives Commission XI on financial affairs have agreed to ratify a protocol to implement the Sixth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services (AFAS) on Wednesday.
— Jakarta Post

 Climate Adaptation Strategies and the Role of Gender
Last week, heads of state from Cambodia, Vietnam, Laos, and Thailand met for the third Mekong River Commission (MRC) Summit in Siem Reap to discuss the threats to the Mekong River region, among them how to develop effective coping strategies for climate-related vulnerabilities.
— Asia Foundation

South China Sea code ‘should be binding’
The Code of Conduct (COC) being negotiated between China and Asean should be legally binding to a certain degree, a Chinese scholar on the South China Sea has said.
— The Straits Times

Australia seeks new ASEAN ties as US-China rivalry grows
Toward the end of a meeting with leaders from the Association of Southeast Asian Nations in Sydney last month, Australian Prime Minister Malcolm Turnbull spoke in sweeping terms about the change taking place in the region.
— Nikkie Asian Review

ASEAN trade, culture exchange to be held in HCM City
A trade and culture exchange programme among ASEAN member states will take place in Ho Chi Minh City’s September 23 Park from April 18-24.
— VietnamNet Bridge

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

ADB Forecasts Cambodia’s Economy to Grow 7% in 2018 and 2019
Asian Development Bank (ADB) predicted on Wednesday that Cambodia’s economy is expected to grow 7 percent in 2018 and 2019, bolstered by solid global economic growth, according to Asian Development Outlook (ADO) 2018, released today.
— Fresh News

Solar Surge Threatens Hydro Future on Mekong
Thousands of megawatts of wind and solar energy contracts in the Mekong region of Southeast Asia have been signed, seriously challenging the financial viability of major hydropower projects on the river, an energy expert told a water conference last week.
— VOA Cambodia

Demand for Cambodian cashews on the rise
Demand for Cambodian cashew nuts remains robust in 2018, with the price of the commodity in the global market having experienced moderate growth in recent months, according to an official from the Ministry of Agriculture.
— Khmer Times

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

ADB Puts GDP Growth Forecasts for Indonesia at 5.3% in 2018 & 2019
The Asian Development Bank (ADB) stated in its Asian Development Outlook (ADO) report, which was released on Wednesday (11/04), that it expects the Indonesian economy to expand by 5.3 percent year-on-year (y/y) in 2018 and 2019 on the back of rising investment and an improvement in household consumption.
— Indonesia Investments (media release)

Indonesian ride-hailing platform GO-JEK snaps up $35 mln
Allianz X, the digital investment unit of the Allianz Group, has announced a $35 million investment in GO-JEK, the leading Indonesian ridehailing platform that also offers various consumer on-demand and payment services.
— PE Hub (media release)

Afreximbank signs $100 million agreement with Indonesia Eximbank
The African Export-Import Bank (Afreximbank) and the Indonesia Eximbank on 10 April
2018, in Bali, Indonesia, entered into an agreement to commit up to $100 million to
support businesses and trade activities between Indonesia and African countries.
— BizNis Africa

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Laos maintaining growth momentum for 2018, 2019: ADB
The nation’s economic growth is likely to be sustained this year and accelerate next year, while inflation will edge up according to the Asian Development Bank (ADB).
Vientiane Times 

IFC Supports Ongoing Reforms For Ease Of Doing Business In Lao PDR
IFC, a member of the World Bank Group, is supporting Lao PDR to improve the country’s investment climate. The goal is to enable a business-friendly environment to attract private investments in Lao PDR.
Lao News Agency

PM assesses development in Savannakhet province
Prime Minister Thongloun Sisoulith has stressed for Savannakhet province authorities to enhance their management of government development projects and to create favourable conditions for private investment.
Vientiane Times 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Malaysia’s anti-fake news legislation becomes law, is now enforceable
Malaysia has gazetted the controversial Anti-Fake News Act 2018, meaning it has become law and is enforceable.
— The Straits Times

Malaysian government declares polling day a public holiday
Malaysia’s federal government has declared May 9, polling day, a public holiday.
— Channel NewsAsia

Malaysia’s manufacturing sales grew 4.9pc to RM62.3b in February: DOS
Malaysia’s manufacturing sector saw its sales value grow 4.9 per cent to RM62.3 billion year-on-year in February, said the Department of Statistics today.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Myanmar court refuses to free Reuters journalists
A Myanmar court on Wednesday rejected a motion to drop a case against two Reuters journalists arrested while investigating a massacre of Rohingya, even as seven soldiers were given lengthy sentences for their role in the killings.
Al Jazeera

ADB Sees More Growth for Myanmar Economy, Pushes for Reforms
Myanmar’s GDP growth rate jumped from 5.9 to 6.8 percent last year on the back of a strong agriculture sector, export growth and robust private consumption, the Asian Development Bank (ADB) said in its Asian Development Outlook 2018.
The Irrawaddy 

‘Only those with Myanmar residency will be taken back’
The Myanmar government has said it will repatriate only the Rohingya refugees from Bangladesh whose right to residency in Myanmar is proven in the ongoing verification process.
Dhaka Tribune 

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Philippines in ‘golden age’ of growth – ADB
The Philippines is experiencing a unique period of growth and is expected to continue along that path in the short term, according to the Asian Development Bank (ADB).
— Rappler

PAL posts P4.6-B loss as fuel, rental costs rise
FLAG carrier Philippine Airlines (PAL) swung to a net loss of P4.6 billion in 2017 from a consolidated net income of P5.9 billion in 2016 due to significantly higher operational costs including higher fuel prices.
— The Manila Times

‘Putting politics before progress’: Industry boss slams anti-GM golden rice campaigners in the Philippines
Philippine activists opposing the cultivation of Golden Rice — which is biofortified to address vitamin A deficiency — have been accused of ‘shameful’ behaviour in trying to half a ‘life-changing’ innovation.
— Food Navigator Asia

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Childhood obesity: The Singapore fat camps where children are shamed for being overweight
In the fight against obesity, government-sponsored fat camps that shame young children into losing weight seem like an extreme approach to public health.
ABC

All-time low of corruption cases in 2017, but more private sector individuals prosecuted: CPIB

The number of corruption cases registered for investigation fell to a record low of 103 in 2017, according to annual statistics published by the Corrupt Practices Investigation Bureau (CPIB) on Wednesday (April 11).
Today Online

Hazy conditions over parts of Singapore on Wednesday as hotspot detected in Johor: NEA
Hazy conditions are expected over parts of Singapore on Wednesday (Apr 11) due to a hotspot detected in Johor, Malaysia, said the National Environment Agency (NEA).
Channel NewsAsia 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

About 20 senior officials implicated in destitute fund fraud face transfer
About 20 middle-ranking officials of the Department of Social Development and Welfare will face transfer this month as the Public Sector Anti-Corruption Commission has discovered that up to 89 percent of the 109 million baht fund for the destitute for 2017 fiscal year were embezzled by corrupt officials.
— The PBS

Thailand needs to overcome ‘innovation paradox’ to grow more
The World Bank’s latest edition of the Thailand Economic Monitor Report projects the economy this year will grow by 4.1 percent, the highest growth since 2012. Meanwhile, to boost sustainable growth and productivity, Thailand needs to do more to support innovation. NBT World reports.
— News Today (video)

ADB forecasts 2018 GDP growth at 4%
The Asian Development Bank (ADB) forecasts Thailand’s economic growth to inch up to 4% this year and 4.1% next, underpinned by increasing public and private investment and domestic consumption.
— Bangkok Post

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

$666m lost in massive cryptocurrency fraud in HCM City
As many as 32,000 people have fallen victim of an alleged cryptocurrency fraud in HCM City, involving a sum of up to US$666 million.
— The Nation

Government to promote reforms of realty market
The government will make breakthrough in streamlining legal regulations and reforming business conditions in the real estate sector this year.
— The Hanoi Times

Hanoi prepares to power up automated convenience stores
No more sleepy cashiers, but there have been complaints of the country’s first store in HCMC running out of goods.
— VnExpress

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.

 

Support independent media by sharing

Leave a Reply

Your email address will not be published.