Asean morning news for August 7

Asean morning news for August 7

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

US pledges USD300 million in security assistance for Southeast Asia
US Secretary of State Mike Pompeo has pledged nearly USD300 million in security assistance for countries in Southeast Asia, the US Department of State has said.
— IHS Jane’s 360

Nigeria, ASEAN Trade Volume Hits $7.7b
The Malaysia High Commissioner-designate to Nigerian, Gloria Tiwet, has said that volume of trade between Association of Southeast Asian Nations and Nigeria in 2017 amounted to 7.7 billion dollars.
— The Eagle Online

Ghost fishing threatens marine life
Over the years, a number of abandoned, lost or otherwise discarded fishing nets have found their way around the coral reefs of Tunku Abdul Rahman Park in the Malaysian state of Sabah.
— The Asean Post

How Taming the Mekong Could Give China Unprecedented Power
The deadly collapse of one of the dozen or so dams dotted along the Mekong River and its tributaries has highlighted the rapid development of a waterway that is increasingly important strategically for China and its neighbors.
— Bloomberg

Increasing wholegrain intake in ASEAN key to reducing NCDs in region: Study
Changing the low dietary intake of whole grains in ASEAN countries could be key to managing the growing burden of non-communicable diseases (NCDs) in the region, according to a new study.
— Food Navigator-Asia

Key takeaways: ASEAN Foreign Ministers Meeting
Foreign Ministers of the Association of Southeast Asian Nations (ASEAN) gathered in Singapore over the weekend for the 51st ASEAN Foreign Ministers Meeting and Post Ministerial Conferences.
— The Asean Post

Asean River Watch groups decide focusing on environmental protection in the region
Youth leaders of environmental conservation groups from the Asean region have decided to boost their advocacy for environmental conservation in Asean countries.
— BNI

South China Sea stakes not limited to China, ASEAN
China and the 10 members of the Association of Southeast Asian Nations are making progress in efforts to reduce tensions and build a less contentious relationship.
— The Japan Times

ASIA’S ‘BIG SIX’ WHO WILL BE IN BIG TROUBLE IF CHINA PULLS THE YUAN TRIGGER
OECD data shows Malaysia, Singapore, Philippines, Thailand, Vietnam and Indonesia — Southeast Asia’s ‘big six’ economies — are among the most exposed economies to China in terms of trade.
— South China Morning Post

China proposes principles for future EAS development
Chinese State Councilor and Foreign Minister Wang Yi has proposed three principles for the future development of the East Asia Summit (EAS).
— Vietnam Plus (media release)

Southeast Asia is powerhouse for impact investing, study says
Southeast Asia was the fastest growing market for impact investing over the last ten years, spearheaded by Indonesia, Philippines and Vietnam, with state-backed lenders accounting for over 90% of the investments, a new report says.
— Asia Asset Management

Southeast Asia ministers pledge continuing education reform
Laos and other members of the Southeast Asian Ministers of Education Organization for Community Education Development (SEAMEO CED) have vowed ongoing cooperation to enhance the upgrade of regional community education.
— Vientiane Times/ Inquirer.net

Preparations for World Economic Forum on ASEAN quickened
The organising committee for the World Economic Forum on ASEAN (WEF ASEAN) convened its fourth meeting in Hanoi on August 6 to review the preparation for the event scheduled for September 11-13.
— Vietnam Plus

5th Asean Children’s Forum in Brunei from August 6-8
The Asean Children’s Forum is the only platform at Asean level for children to gather and provide opportunities to give their thoughts on issues that affect and have an interest in their lives today.
— Borneo Bulletin/ Inquirer.net

Soju sales in Southeast Asia hit US$5 mln in H1
Shipments of soju, a distilled Korean liquor, to Southeast Asian countries rose sharply in the first half of this year thanks to the expansion of the Korean wave in the region, a liquor maker said Sunday.
— Yonhap News Agency

Thailand hosts ASEAN seminar on climate change
Thailand is hosting an ASEAN seminar to exchange information and technology needed to address climate change.
— NNT

South China Sea progress between China and Asean will run into choppy waters with the US
China and the Association of Southeast Asian Nations now have a single text to negotiate a code of conduct in the South China Sea, where four Asean member countries – Brunei, Malaysia, the Philippines and Vietnam – are locked in territorial disputes with Beijing.
— South China Morning Post

Indo-Pacific strategy unpopular in Asean
US Secretary of State Mike Pompeo began his visit to Malaysia, Singapore and Indonesia with a plan to invest $113 million in the Indo-Pacific region.
— Khmer Times

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men @MenSreypov

 

Cambodia strongman Hun Sen swears to die if vote numbers inflated
Cambodia’s strongman Premier Hun Sen Monday rejected claims the results from last month’s widely criticised election had been falsified, saying he would stake his life on their accuracy.
— The Jakarta Post

Rainsy Not Dares to Swear, Afraid of Death like His Father: Special Interview with PM Hun Sen
Cambodian Prime Minister Hun Sen, President of the Cambodian People’s Party (CPP), held a special interview with Fresh News CEO Lim Chea Vutha on Monday evening on the fact that former opposition leader Sam Rainsy not dared to swear as requested by the premier.
— Fresh News

Rainsy says negotiations with ‘fake’ Hun Sen are impossible
The Leader of the Cambodia National Rescue Movement, Sam Rainsy, has said any negotiations with caretaker prime minister Hun Sen are impossible.
— The Phnom Penh Post

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Joanne Encantador @encantador_jo

 

US seeks US$350 million annual sanctions in Indonesia trade dispute
The US has asked the World Trade Organisation to let it impose sanctions on Indonesia after winning a trade dispute that it said cost US business up to US$350 million in 2017, a US filing published by the WTO showed on Monday.
— South China Morning Post

Indonesia earthquake: Rescuers search for survivors, tourists flee holiday islands
Indonesian Government officials are trying to coordinate a massive relief effort for residents and tourists on the island of Lombok, with the death toll from Sunday’s earthquake standing at 98, and many more missing.
— ABC News

Bareskrim Set to Pursue Condensate Corruption Case Fugitive Causing IDR35 T in State Loss
Deputy Director of Economic and Special Crimes of Criminal Investigation Agency (Bareskrim) of the Indonesian National Police (Polri) Senior Commissioner Daniel Tahi Monang Silitonga said that his party would continue to pursue fugitive suspect from PT Trans Pacific Petrochemical Indotama (TPPI) Honggo Wendratno in the case of alleged condensate corruption which cost the state IDR35 trillion.
— Netral News

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by Joanne Encantador @encantador_jo

 

Laos dam collapse death toll rises to 31, scores still missing
The death toll from a massive dam collapse in southern Laos has jumped to 31, officials said, with scores still missing weeks after the unprecedented disaster that swept entire villages and farmland away.
–Channel NewsAsia

Lao Dam Breach Highlights Fears Over Massive Projects
Non-government organizations and researchers are calling on the Lao Government to ensure transparency in its investigations on Lao populations affected by massive flooding from a breach in a hydropower dam wall that left more than two dozen people dead last month in southern Laos.
— VOA

Nation Multimedia Group hands over Bt2m donated for Lao flood victims
Nation Multimedia Group Executive Director Marut Arthakaivalvatee led company executives yesterday to present more than Bt2 million in donation money to help flood victims in Laos via the Lao Embassy in Bangkok.
— The Nation

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men @MenSreypov

 

Malaysia: Indonesia returns yacht at center of graft probe
Malaysian Prime Minister Mahathir Mohamad said Monday that Indonesia has handed over a luxury yacht allegedly bought with money stolen from the multibillion-dollar looting of a state investment fund.
— ABC News

Lombok earthquake: Malaysian volunteer describes chaos at airport
“We shouted the azan (Islamic call to prayer) when the roof of the Lombok International Airport began to sway, as if it was about to collapse on us.”
— New Straits Times

500,000 Malaysians jobless, mainly first-time job-seekers
About 500,000 Malaysians are currently jobless, with the highest rate of unemployment in Labuan (8.6%), followed by Sabah (5.5%) and Terengganu (4.5%).
— FMT

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by Joanne Encantador @encantador_jo

 

E-commerce operator Barlolo aims for full Myanmar reach
SPURRED on by increased data consumption in line with rising sales of smartphones in Myanmar, e-commerce operator Barlolo.com is planning nationwide expansion, its top executives say.
— The Nation

Reuters reporters ‘revealing the truth’, former teacher tells Myanmar court
A Myanmar court heard defense witnesses on Monday vouch for the integrity of two Reuters journalists accused of obtaining secret state documents and will hear final arguments in two weeks, when the trial regarded as a test of press freedom resumes.
— Reuters

Clearing a path
Myanmar is winning plaudits for making it easier to start a business. But day-to-day operations are still at the mercy of a cumbersome and confusing bureaucracy in serious need of reform.
— Bangkok Post

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

Gov’t mulls subsidy to $3.5-billion planned Chinese steel plant project
The government is preparing a special subsidy in the form of lower land lease and power rate to Panhua Group, China’s leading integrated steel producer and exporter to the US, which is seriously considering of investing $3.5 billion for an integrated steel manufacturing plant in Mindanao.
— Manila Bulletin

Philippines government is planning to build a US$100M crypto hub in the country
Philippines’ Cagayan Special Economic Zone and Freeport (CSEZFP)is set to see the launch of a new fintech and crypto hub; as part of the government’s bid to foster a fintech ecosystem attract international blockchain companies to set up shop in the country.
— e27

Gov’t to hold job fair for ‘Build, Build, Build’ projects
Thousands of job vacancies in the construction sector may be filled on Sunday, Aug. 12, when government stages its own job fair dubbed Jobs Jobs Jobs Caravan.
— Philippine News Agency

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by John Le Fevre @photo_journ

 

Singapore major banks’ profits surge in second quarter | Video
Singapore’s three major lenders have logged double-digit growth in their Q2 net profit figures.
–Channel NewsAsia

Genting Singapore eyes Japan expansion
Genting Singapore could find a new opportunity in Japan amidst the enactment of the country’s Integrated Resort (IR) Implementation Bill, DBS Equity Research and OCBC Investment Research (OIR) said.
— Singapore Business Review

Could banks be the saving grace of Singapore’s rattled equities market?
Reports of the Trump administration eyeing higher 25% tariff on US$200b on Chinese imports after a relatively quiet July is once again putting the Asian equities market on edge and Singapore is no exception as it has to grapple with a seasonal slump to add to its burden.
— Singapore Business Review

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre @photo_journ

 

Phetchaburi industries brace for deluge
Industrial and business operators in Phetchaburi have stepped up preventive measures to deal with the possibility of flooding as a large volume of water overflows Kaeng Krachan dam.
— Bangkok Post

Dept readies for purge of plastic waste
The Department of National Park, Wildlife and Plant Conservation (DNP) will launch a campaign to ban plastic bags and styrofoam food boxes in all national parks from Aug 12 to reduce rubbish that pollutes the nature reserves and threatens wildlife.
— Bangkok Post

BoT tells banks to tackle cybersecurity
The Bank of Thailand has instructed all banks to make cybersecurity a priority, develop systems to tackle unauthorised access and offer compensation in the event of financial losses from a data breach.
— Bangkok Post

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men @MenSreypov

 

Vietnam a top spot for foreign garment-textile firms
Free trade agreements (FTAs) are the driving force to help Vietnam emerge as one of the top spots in the world for investors in the garment and textile industry.
— The Hanoi Times

Fleet registered Vietnamese nationality consists of 174 airplanes
The number of aircraft registered Vietnamese nationality reached 174 as of the end of July 2018, up 14 ones compared with the figure of the same period last year, according to the Civil Aviation Administration of Vietnam (CAAV).
— Nhan Dan Online

Vietnam’s banking sector goes digital
Digital banking will be the future of the Vietnamese banking system, especially amid the development of the fourth industrial revolution, according to experts.
— VietnamNet Bridge

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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