Asean morning news for August 23

Asean morning news for August 23

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

Residency Schemes in ASEAN – Eligibility Requirements
Obtaining a long-term residency status is a cumbersome process for foreigners in ASEAN. The regulations and procedures vary significantly between the countries, and can sometimes be an expensive affair.
— Asean Briefing

Impact Investing Surges in Southeast Asia
Impact investing is an emerging global trend. The Global Impact Investing Network (GIIN) and Intellecap define it as “a growing practice defined by its intent to generate positive social and environmental impact alongside a financial return.”
— Brink Asia

COMPETITION AND NEUTRALITY OF SOUTHEAST ASIAN STATES IN INDO-PACIFIC STRATEGY
Due to their central location between the Indian and Pacific Oceans, maritime Southeast Asian countries have increasingly important roles in the Free and Open Indo-Pacific (FOIP) Initiative.
— CIMSEC

Russia boosts domestic industry, looks to Southeast Asia to meet U.S. ban on electronic exports
The U.S. ban on exporting high-tech electronic equipment to Russia will not impact related Russian industries critically as Moscow is boosting its domestic industry and will also tap Southeast Asia, Russian Industry and Trade Minister Denis Manturov said Tuesday.
— Xinhua

Laos dam collapse: Regional response
The dam collapse and floods in southern Laos in late July shows that disaster response in Southeast Asia comprises different types of cooperation.
— Khmer Times

ASEAN is Indonesia’s past, not its future
In re-examining the legacy of former president Suharto in Indonesia’s foreign relations, the proverb ‘old soldiers never die they just fade away’ seems appropriate.
— East Asia Forum

ASEAN journalists call for joint efforts to battle fake news
Recognizing fake news as a global challenge, media representatives of ASEAN countries have agreed that the fight against falsehoods and disinformation must be a joint effort of all stake-holders in their societies.
— Thai PBS

Car assemblers cut production by 44% in H1
Car production in the country plummeted by more than 44 percent in the first semester this year as sales declined by a significant 12.5 percent, making the Philippines the sore thumb among the bigger motor vehicle producer countries in ASEAN.
— Manila Bulletin

What drives payment innovations in ASEAN
Governments and business leaders have for years been well aware of the importance and potential of Fintech, but when it comes to the ASEAN region, the sub-category of payments demands particular attention.
— Enterprise Innovation (subscription)

Asean at their best
THE fine performances of Malaysia, Indonesia and Vietnam in the Asian Games augur well for Southeast Asian football.
— New Straits Times

Asean needs to strengthen its disaster management capacity — Cayetano
Department of Foreign Affairs (DFA) Secretary Alan Peter Cayetano said there is a need to strengthen the Association of Southeast Asian Nations (Asean) Coordinating Center for Humanitarian Assistance on Disaster Management (AHA Center) as the region is usually affected by natural calamities.
— Inquirer.net

 

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men @MenSreypov

 

China-Cambodia joint venture to invest $32 million in banana farms
Longmate Agricuture Co., Ltd. announced that it has invested $32 million to grow bananas in 1,000 hectares of land in Kampot’s Chhouk district.
— Khmer Times

Cambodia’s top court denies bail to opposition leader Kem Sokha
Cambodia opposition leader Kem Sokha was denied bail on Wednesday after almost a year in jail on treason charges that critics say were trumped up by premier Hun Sen to gift himself a free run in last month’s election.
— South China Morning Post

Mark Field visits Cambodia for government and civil society talks
The Minister of State for Asia & the Pacific is in Cambodia for meetings with the government and members of the private sector and civil society.
— AEC News Today/ PR Newswire (media release)

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Joanne Encantador @encantador_jo

 

Another Quake Shakes Lombok
Another earthquake rocked Lombok, West Nusa Tenggara on Wednesday, August 22, at 21:50 local time.
— Tempo.co

QUAKE SLAM Bali earthquake: Indonesia hit by 5.2-magnitude quake in tourist hub as Indonesia faces more tremors
Tourists reported being woken up by the ground shaking violently beneath them, and others said they fled their hotels.
— The Sun

Bank Indonesia Lowers Forex Swap Hedging Floor to $2m to Encourage Wider Use
Bank Indonesia has lowered the minimum limit on foreign exchange swap hedging from banks to the central bank to $2 million from $10 million, to attract more customers.
— Jakarta Globe

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by Joanne Encantador @encantador_jo

 

Widespread flooding leaves 46 dead, 97 missing in Laos: report
Flooding caused by recent storms in Laos has killed at least 46 people while 97 others are missing and four people were injured, according to the latest report from the National Disaster Prevention and Control Committee.
— Xinhuanet

Flood recovery dominates Govt meeting
Nine pressing issues were tabled at the government’s monthly meeting yesterday, highlighting the government’s recovery response and relief efforts in flooded areas around the country.
— Vientiane Times

BUSINESS NEWS IN BRIEF 22/8
Mekong Enterprise Fund II, a unit of Mekong Capital, has completely divested from Asia Chemicals Corporation (ACC) and taken in US$8.9 million, a 2.6-fold increase over its initial investment, after a seven-year holding period.
— VietnamNet

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men @MenSreypov

 

Malaysia to shelve projects worth US$22 billion
Malaysia will shelve three China-backed projects worth a total of US$22 billion until the debt-laden Southeast Asian nation can afford to pay for them, Prime Minister Mahathir Mohamad said Tuesday during a visit to Beijing.
— The Asean Post

Cancellation of ECRL was necessary, says economist
The cancellation of the East Coast Rail Link (ECRL) project was a necessary move as Malaysia “cannot afford it” at the moment, said independent macro analyst Prof Dr Hoo Ke Ping.
— The Star Online

Tea traders likely to absorb slight cost hike from SST
Tea traders expects slight increase in cost as the incoming Sales and Services Tax would be imposed on print and packaging materials.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by Joanne Encantador @encantador_jo

 

The first Krispy Kreme shop to open in Myanmar in September
The first Krispy Kreme shop will open at the first floor of Times Link Mall in Yangon in September, according to Krispy Kreme Myanmar.
— Eleven Myanmar

Corruption charges levelled against two Rakhine State Government ministers
Rakhine State Legislative Assembly legislator from Mrauk-U constituency Tun Thar Sein confirmed news that a complaint against two ministers from the Rakhine State government for corruption had been registered.
— Mizzima

Myanmar: Aung San Suu Kyi defends policies towards Rohingya
Myanmar leader Aung San Suu Kyi has defended her government’s actions in Rakhine state which have forced more than 700,000 Muslim-majority Rohingya to flee their homes and seek refuge in neighbouring Bangladesh.
— Aljazeera

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

Watch Airbus build & deliver Philippine Airlines’ first A350-900 (HD video)
Philippines national flag carrier Philippine Airlines (PAL) has added two new aircraft, the first of six Airbus A350-900s and 21 Airbus A321neos, to its fleet to boost passenger capacity and further its aim of becoming a five-star world-class airline by 2020.
— AEC News Today (video)

Tax reform to add P268B to state coffers yearly
The Duterte administration’s comprehensive tax reform program is expected to generate P268.3 billion in additional revenue yearly to finance massive infrastructure projects in the pipeline.
— Philippine Daily Inquirer

Philippines urged to tap $1-billion Indian loan facility for ‘BBB’ projects
THE Philippines should consider tapping India’s $1-billion loan allocation for Southeast Asian countries aiming to put up big-ticket public infrastructure, Indian Ambassador to the Philippines Jaideep Mazumdar said on Wednesday.
— Business Mirror

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by John Le Fevre @photo_journ

 

DSI hunts Singaporeans on fraud charges
The Department of Special Investigation (DSI) is seeking extradition of four Singapore citizens on the charge of deceiving around 250 victims to trade in a fake firm and lose some Bt235 million, a deputy DSI chief said.
— The Nation

A hit on Facebook, Nas is set to air a story on Singapore
Mr Nuseir Yassin, 26, the man behind the popular channel Nas Daily, has pledged to rack up 1,000 days on the road – telling the stories of people in various places, including Singapore.
— The New Paper

Singapore seeks UNESCO status for hawker centers – Malaysians not amused
Singapore Prime Minister Lee Hsien Loong in his speech at the republic’s National Day Rally on August 19 said that the city state will be nominating its rich hawker culture for UNESCO’s Representative List of the Intangible Cultural Heritage of Humanity.
— Investine

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre @photo_journ

 

Phetchaburi town flooded with water discharged from dam
Spillover from Kaeng Krachan dam has arrived at the tourist town of Phetchaburi town, flooding residences and roads in the municipal areas.
— Thai PBS

Min of Commerce- July exports exceed 20bn USD
Thailand’s exports in July grew 8.27% to 20 billion US dollars in the 17th straight month of expansion, indicating that the country overall has not yet been affected by the US-China trade war.
— NNT

Big medal haul for Thais at Asian Games
Thailand enjoyed their most successful day so far at the Asian Games in Indonesia Wednesday with two expected gold medals in sepak takraw and a surprise victory in paragliding.
— Bangkok Post

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men @MenSreypov

 

Vietnam goes solar
With electricity demand in Vietnam growing 12 percent annually, the Vietnamese government has set a goal to generate 265 billion kilowatt-hours (kWh) of electricity by 2020 and 570 billion kWh of electricity by 2030.
— The Asean Post

Vietnam convicts 12 ‘terrorists’ for subversion
Vietnam Wednesday jailed two American citizens and 10 others from an outlawed US-based “terrorist” group for attempting to overthrow the state after they spread anti-government leaflets and tried to incite protests last year.
— Channel NewsAsia

VN posts $2.92b trade surplus by mid-August
Viet Nam gained a trade surplus of US$2.92 billion to August 15, according to the latest statistics from the General Department of Customs.
— Bizhub

See here for more of today’s Vietnam morning news

 

The Asean morning news roundup and its individual country morning news round-ups are the most comprehensive hand-curated selection of news reports from around the Asean Economic Community (AEC) published. We scour hundreds of local and international news and websites to find the things that you need to know to start your working week day.

We clearly identify the source of the story, whether it is behind a paywall, a media release, or whether the site uses annoying pop-up advertising or auto-play video, in case those things annoy you. It’s all then packaged up in an easy to read format enabling you to make an informed choice of whether you want to learn more by clicking directly through to the original source, or keep on reading the headlines. AEC News Today: Governance, not government; policies not politics.

 

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