Asean morning news for December 21

Asean morning news for December 21

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


See all of Asean’s Miss Universe 2018 entrants (HD video)
Internet social media channels have been abuzz this past week as netizens from across the globe lined up behind their national entrants in the 2018 Miss Universe pageant.
— AEC News Today (video)

Emerging Asia growth seen slowing in 2019
Emerging Asian countries are expected to register weaker growth next year as a slowdown in global demand is expected to hurt regional exports and prevailing high interest rates weigh on growth prospects, said London-based Capital Economics.
— The Philippine Star

ASEAN countries to establish disaster risk insurance facility
A number of countries belonging to the Association of Southeast Asian Nations (ASEAN) have signed a Memorandum of Understanding for the establishment of the region’s first disaster risk financing facility.
— Reinsurance News

Asia’s Central Banks Seen Avoiding Rate Hikes In 2019
Weaker economic growth and tepid price pressures in Asia will leave central banks in the region with few reasons to tighten policy next year — especially as US rate hikes slow — unless a new bout of currency weakness forces them to do so.

EU close to agreeing air traffic deals with Qatar, ASEAN – sources
The European Union is close to striking air traffic agreements with Qatar and a group of countries in southeast Asia, two people familiar with the matter told Reuters.
— Reuters

Experts: domestic firms fail to optimise FTAs incentives
Vietnamese firms have not been able to fully tap incentives offered by free trade agreements (FTAs) that Vietnam has signed, experts said.
— Vietnam Plus

ASEAN is not China: Why the ASEAN P2P lending market will avoid the Chinese pitfalls
Recent market shifts in China have raised serious concerns regarding the long-term stability of P2P lending.
— Asean Today

Asean remains a priority for China
Students from Asean member countries learn lessons in friendship at colleges in China’s southwest.
— The Phnom Penh Post

Inter-Korea peace process poses challenges for ASEAN
South Korean President Moon Jae-in’s policy provides incentives for member states of the Association of Southeast Asian Nations to facilitate engagement with North Korea — but some countries are cautious about getting too involved, an analyst told UPI.

Here are seven steps the insurance industry in the ASEAN region can take to navigate disruption
The current period of digital disruption is rightly described as a revolution – the Fourth Industrial Revolution – because of the scale and intensity of change. In the first instance, this change is destructive to existing structural constants, whether business models or wider societal organizations, and requires deliberate leadership response.
— The European Sting

Southeast Asian billet market pressured by weak demand, aggressive Vietnamese offers
Import prices for steel billet in Southeast Asia remained subdued on Thursday December 20 amid low bids and minimal deals, after a major Vietnamese producer was heard slashing its offers this week.
— Fastmarket MB

The top 10 APAC food science and research stories of 2018 under the microscope
In our year-end round up of the most-read stories relating to food science and research this year, we recap studies and discoveries from India, China, Korea and more.


Cambodia morning newsCambodia morning news

Compiled by Mark Roy         @electricnerve


Cambodian opposition activists summoned by police, pressured to defect
Following a recent pledge by opposition leader Rainsy to return next year to Cambodia, police in Kandal province have questioned local Cambodia National Rescue Party (CNRP) activists concerning their possible support for the party’s acting president in the event he comes back, Cambodian sources say.
— Radio Free Asia

Union implores ILO to help jailed news fixer
The president of the Cambodian Confederation of Unions yesterday asked the International Labour Organisation to intervene in the case of Rath Rott Mony, a news fixer who was charged over his role in the production of a controversial sex trafficking documentary.
— Khmer Times

Cambodia prime minister’s son tapped for powerful party committee
The eldest son of Cambodian Prime Minister Hun Sen was promoted on Thursday (Dec 20) to the ruling party’s permanent committee, an official said, as questions swirl over who might succeed the strongman.
— Channel News Asia

See here for more of today’s Cambodia morning news


Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Bank Indonesia Holds Rates, but More Tightening Expected in 2019
Bank Indonesia kept its benchmark interest rate unchanged as expected on Thursday, though it reasserted that it would act to defend the exchange rate when needed after a fresh wobble in the currency earlier in the day.
— Jakarta Globe

Indonesia`s fourth-quarter current account deficit may exceed 3 percent: BI
Bank Indonesia (BI) has predicted that the country`s fourth-quarter current account deficit may exceed 3 percent of the gross domestic product (GDP), after its exports and imports in November suffered the highest deficit of US$2.05 billion throughout this year.
— Antara News

KPK deposits over Rp500 billion in state treasury in 2018
The Corruption Eradication Commission (KPK) has deposited in the state treasury over Rp500 billion originating from the auction of confiscated goods and cases of corruption and money laundering in 2018.
— Antara News

See here for more of today’s Indonesia morning news


Lao PDR morning newsLao PDR morning news

Compiled by Sreypov Men          @MenSreypov


Official calls for improvements at private healthcare facilities
Health authorities say the services offered through private health care have improved in recent years and that most people now have access to better quality services.
Vientiane Times

PM urges Xekong officials to ramp up efforts against poverty
Local authorities must do more to alleviate poverty by teaching people about ways to earn a living, run a small business and invest their money so they have a better quality of life.
Vientiane Times

Russia delivers on Vietnam and Laos tanks
Russia is delivering T-90S and T-72B1 tanks to Vietnam and Laos respectively, fulfilling recent contracts placed by the Southeast Asian countries.
Shepard Media

See here for more of today’s Lao morning news


Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov


Malaysia drew RM139 bil in investments in first 9 months
Malaysia attracted a total of RM139.3 billion worth of investments in the manufacturing, services and primary sectors in the first nine months of 2018, up 18% from RM118.1 billion approved in the same period last year.

Malaysia’s Dec 1-20 palm oil exports rise 2.9% — ITS
Exports of Malaysian palm oil products for Dec 1-20 rose 2.9% to 808,061 tonnes from 785,493 tonnes shipped during Nov 1-20, cargo surveyor Intertek Testing Services said on Thursday.
— The Edge Markets

US$6.4 trillion halal economy lures Malaysia’s biggest Islamic bank to go global
Malaysia’s biggest Islamic bank is setting up its first overseas branch to meet the demand for financing in the $6.4 trillion global halal economy.
— The Edge Markets

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar morning news

Compiled by Mark Roy         @electricnerve


Over 700 People Flee Homes as Tatmadaw, AA Clash in Northern Rakhine
More than 700 villagers have been displaced by clashes between the Myanmar Army (or Tatmadaw) and the Arakan Army (AA) in northern Rakhine State.
— The Irrawaddy

Urgent : Myanmar forces conduct ‘clearance operations’ after two killed in Rakhine state
Yangon – Myanmar forces are conducting new rounds of “clearance operations” in conflict-hit Rakhine state after four local Buddhists were attacked and two killed, the commander-in-chief’s office said Thursday, with one of the incidents blamed on Rohingya Muslims.
— The Nation

Young Yangon entrepreneurs get business skills boost in Myanmar
Students, entrepreneurs and businesswomen were among the first graduates of an UNCTAD entrepreneurship training course held in Yangon, Myanmar, in partnership with the United Nations Development Programme (UNDP) and international telecommunications company Ooredoo from 15–20 December.
— United Nations

See here for more of today’s Myanmar morning news


Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Fitch reaffirms Philippines investment grade, flags overheating risks
Fitch Ratings yesterday cautioned the Philippines about overheating risks, including strong credit growth and wider current account shortfall, as it reaffirmed the country’s investment grade credit rating.
— The Philippine Star

See all of Asean’s Miss Universe 2018 entrants (HD video)
Internet social media channels have been abuzz this past week as netizens from across the globe lined up behind their national entrants in the 2018 Miss Universe pageant.
— AEC News Today (video)

Over 1 mln Chinese tourists visit Philippines in first 10 months of 2018
Nearly 1.06 million Chinese tourists visited the Philippines in the first 10 months of this year, making China the Philippines’ second largest source market of foreign tourists, government data showed on Thursday.
— Xinhua

See here for more of today’s Philippines morning news


Singapore morning newsSingapore morning news

Compiled by Mark Roy         @electricnerve


Singapore high commission says news reports in Malaysia on Johor’s port limits are inaccurate
Singapore’s High Commission said on Thursday (Dec 20) that the Republic’s security agencies have been “exercising restraint” in enforcing its territorial waters, in response to a report claiming that Singapore Navy vessels were spotted within the new Johor Baru Port limits.
— The Straits Times

321 Scoot passengers stranded in Athens for second day due to multiple flight delays
More than 300 passengers on a Singapore-bound Scoot flight remain stranded in Greece for a second day after a technical fault on the Boeing 787 plane led to multiple delays.
— Straits Times

Singapore F-15 base scrapped for Ohakea
The (NZ) Government has scrapped plans to create a base for a squadron of Singaporean fighter jets, citing the excessive costs involved.
— Newsroom

See here for more of today’s Singapore morning news


Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ


Thai Election Commission and junta clash over foreign vote monitors
Thailand’s Election Commission has voiced support for foreign observers to monitor the long-awaited general election scheduled for Feb. 24, although some quarters of the government still object to the idea.
Nikkei Asian Review

Thailand should prepare for global economic slowdown
The global economy is in disarray with no clear direction. This is the stark warning from Supachai Panitchpakdi, former director-general of the World Trade Organisation.
The Thaiger / The Nation

Bangkok gets pollution warning
Air pollution in Bangkok has been worsening, according to the Pollution Control Department (PCD).
The Nation

See here for more of today’s Thailand morning news


Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov


Policies to facilitate newcomers in Vietnam’s aviation industry
The International Air Transport Association also estimated that between now and 2020, passenger transportation in Vietnam is expected to rise by 16 percent, and from 2020 to 2030, by 8 percent.
— Hanoi Times

Vietnam: Intellectual property rights in agriculture are still a problem
Vietnam at this time has over 800 agricultural, forestry and seafood products in the market, however only 50 have a Geographical Indication, and 140 have certification marks registered for intellectual property rights.
— Fresh Plaza

Inflated investment estimates found in three BT projects in Hanoi
– Three BT (Build-Transfer) infrastructure projects in Hanoi were found to have claimed much higher investment estimates than the actual expenditures they required,
— Viet Nam Net

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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