Asean morning news for December 24

Asean morning news for December 24

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Southeast Asia’s place in China’s new world order
China is exercising a level of economic influence on the Mekong states not seen since the height of its imperial might.
— Digital Globalist

Financing hydropower in Southeast Asia
Hydropower in Southeast Asia holds much promise. According to the International Renewable Energy Agency (IRENA), hydropower capacity in the region grew almost threefold from 16 GW to 44 GW between 2000 and 2016.
— The Asean Post

Southeast Asia Recap 2018: Democracy Continues to Suffer
In addition to regression on the issue of press freedom, Southeast Asia witnessed backsliding on rights and freedoms in many other areas in 2018, with Malaysia as a notable exception to this trend.
— Council on Foreign Relations (blog)

Export and Import Procedures in ASEAN: Best Practices – New Issue of ASEAN Briefing Magazine
The member states of the Association of Southeast Asian Nations (ASEAN) have not only abolished almost all import and export duties on items traded between them but have also signed several Free Trade Agreements (FTAs) both bilaterally as well as regionally via their membership of the bloc.
— Asean Briefing

PH joins inauguration of Spain-ASEAN Business Association
The Philippines has joined the formal inauguration of the Spain-ASEAN Business Association (ASEMPEA) that will serve as “specialized and privileged interlocutor” in business relations between Madrid and the fastest-growing region in the world.
— Manila Bulletin

Opinion: For investors, Southeast Asia is hiding in plain sight
Emerging-markets jitters notwithstanding, there are compelling reasons to be optimistic about the economic prospects of this part of the world
— BCBusiness

Startup Digest: Brunei’s Memori, Malaysia’s Medplanner, Kazakh Clockster bag funds
Brunei-based legacy planning startup Memori, Malaysia’s clinical communications platform Medplanner and Kazakhstan-based Clockster have raised funds to fuel their expansion plans.
— Deal Street Asia

PH joins inauguration of Spain-ASEAN Business Association
The Philippines has joined the formal inauguration of the Spain-ASEAN Business Association (ASEMPEA) that will serve as “specialized and privileged interlocutor” in business relations between Madrid and the fastest-growing region in the world.
— News

TIPping The Scales In Your Favor
With a combined GDP of close to US$3 trillion, ASEAN is the sixth largest economy in the world and the third largest in Asia. The economic bloc has seen strong gains in recent years, and much of this growth can be attributed to innovation. According to , invention output by ASEAN member states rose steadily by 12.5 percent per annum between 2008 and 2013, with corresponding increases in intellectual property (IP) filings.
— Digital Globalist

5 Reasons Why YOU Should Do Your MBA In Southeast Asia
Last year marked 50 years since the creation of the Association of Southeast Asian Nations (ASEAN), a group composed of ten countries in Southeast Asia—since the formation of this organization in 1967, the region has grown to become the sixth-largest economy globally.
— BusinessBecause

Brunei’s economy ready for a giant leap
BRUNEI Darussalam was included in the findings of recent studies focussed on ease of doing business, gross domestic product (GDP) and sustainable development prospects.
— Borneo Bulletin

 

Cambodia morning newsCambodia morning news

Compiled by Mark Roy         @electricnerve

 

Five partners pledge funds for Kingdom
The five stakeholders of the Partnerships for Development Results project – UNDP, the EU, Australia, Sweden and the US – held an annual meeting on Wednesday.
— The Phnom Penh Post

’Under the table’: Cambodia’s surrogate mothers risk jail for Chinese couples
Pregnant and scared, Yin hides in a house on the outskirts of Phnom Penh — one of an untold number of Cambodian surrogate mothers risking jail time for lucrative payouts from Chinese clients
— The Phnom Penh Post

Blood-hued Phayung almost gone as corrupt officials pave way for logging
At a waterfall in northeastern Buntrik-Yod Mon Wildlife Sanctuary a mature male elephant lay dead, with traces of a highly volatile bullet left in its mouth and its bud. Another AK47 bullet was found buried in its ribs.
— Thai Visa News

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Tsunami from erupting Krakatau kills at least 222 in Indonesia
A tsunami killed at least 222 people and injured hundreds on the Indonesian islands of Java and Sumatra following an underwater landslide believed caused by the erupting Anak Krakatau volcano, officials and media said on Sunday.
— Reuters

Fears of new Indonesia tsunami as Anak Krakatau volcano seethes
Coastal residents near Indonesia’s Anak Krakatau volcano have been warned to keep away from beaches amid fears it could trigger a new tsunami.
— BBC

World’s biggest gold mine nationalized in Indonesia
It’s done. After two years of often fraught negotiations – and a last-minute environmental hiccup – the government and US mineral giant Freeport McMoRan Copper & Gold (FCX) have finally concluded an agreement effectively nationalizing Indonesia’s most prized mining asset in the mountains of easternmost Papua.
— Asia Times

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by John Le Fevre          @photo_journ
 

NA session closes with hopes for a brighter future
The 6th ordinary session of the National Assembly’s (NA) Eighth Legislature ended on Friday after 23 days of debate and the passing of laws.
Vientiane Times

Laos, China ink deal to improve healthcare in Bokeo
Bokeo provincial hospital in Laos and a major medical facility in Xishuangbanna province, China, have agreed to extend cooperation in sustainable medical practices in Laos-China border areas.
Vientiane Times

Laos receives first ‘White Eagle’ tanks from Russia
The Lao People’s Armed Forces (LPAF) has received the first batch of upgraded T-72B1 ‘White Eagle’ main battle tanks from Russia.
Defence Blog

See here for more of today’s Lao morning news

 

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

(Updated) 2019 Budget will be recalibrated if oil prices dip below US$50: Guan Eng
The government will recalibrate the 2019 Budget if the average price of crude oil drops below US$50 per barrel, Finance Minister Lim Guan Eng said today.
— New Straits Times

Malaysia Wants $7.5 Billion Back From Goldman Sachs In 1MDB Case
Malaysia is seeking $7.5 billion in reparations from US investment firm Goldman Sachs over its dealings with scandal-ridden linked state fund 1Malaysia Development Berhad, or 1 MDB, the Financial Times reported on December 21, citing the country’s finance minister.
— Investvine

Higher electricity bills next year?
Households may be facing higher electricity bills as the Electricity Industry Fund (EIF), which is used to absorb the increase in cost in the form of surcharge, may run out next year.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

No systematic effort to clear landmines in Myanmar: watchdog
There is no systematic effort being conducted by the government to clear landmines in the country, according to a report recently released by the International Campaign to Ban Landmines (ICBL).
— Myanmar Times

Myanmar journalists to appeal seven-year sentence
Two Reuters journalists jailed while reporting on the Rohingya crisis in Myanmar are set to appeal the decision on Monday (Dec 24), after spending more than a year behind bars despite global outcry over their convictions.
— Channel NewsAsia

Tatmadaw Announces Four-Month Ceasefire in North, Northeast
The Myanmar Military (or Tatmadaw) on Friday declared a unilateral four-month ceasefire effective in active conflict areas in north and northeast Myanmar. The first truce ever initiated by the military, the unprecedented move has been hailed as a constructive gesture.
— The Irrawaddy

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Investment pledges hit record P907.2b in 2018
The Board of Investments registered record investment pledges of P907.2 billion in 2018, up 47 percent from the previous all-time high of P616.8 billion in 2017.
— Manilastandard.net

FDI seen topping $10 B in 2018, 2019
The inflow of foreign direct investments (FDI) is expected to top $10 billion anew in 2018 and 2019 as investors continue to view the Philippines as a favorable investment destination, according to the Bangko Sentral ng Pilipinas (BSP).
— The Philippine Star

Jan-Oct subsidies from national government to state firms top P126B–treasury
FILIPINO taxpayers spent P126.39 billion in subsidies for various government institutions, including government corporations, in the January-to-October period this year, according to the Bureau of Treasury (BTr).
— Business Mirror

See here for more of today’s Philippines morning news

 

Singapore morning newsSingapore morning news

Compiled by Mark Roy         @electricnerve

 

1MDB scandal: Goldman Sachs stands by ‘principles and credibility’
FROM the Malaysian Cabinet to the man-in-the-street in Kuala Lumpur or Penang, or even in Singapore, it’s close to unbelievable to hear Goldman Sachs Group blowing its own trumpet on “principles and credibility”.
— The Independent sg

A new maritime dispute: Issues of nationalism and sovereignty fray Malaysia-Singapore ties
As Malaysia withdraws its challenge against Singapore on the Pedra Branca ruling, another high-profile maritime spat has been ignited.
— Asean Today

Indonesia tsunami: Singapore leaders express condolences
Singapore leaders on Sunday (Dec 23) expressed their condolences after a tsunami struck coastal areas around the Sunda Strait between the islands of Sumatra and Java in Indonesia on Saturday night. At least 200 people have died and hundreds more have been injured, according to Indonesian authorities.
— Channel News Asia

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

Wan Nor says he could be PM, following Mahathir’s footstep
Wan Muhamad Noor Matha, better known as Wan Nor, leader of the Prachachart Party, has said he – inspired by the success of Malaysian Prime Minister Mahathir Mohamad – is ready for the prime minister’s post although his party only hopes to win 20 seats in the House of Representatives in the next general election.
Bangkok Post

Prime Minister General Prayut Chan-o-cha Cites 2019 as an Important Year for Thailand
In addition to the Royal Coronation Ceremony and the elections, which will lead to sustainable democracy, Thailand will have an important role in driving forward the ASEAN Community.
Chiang Rai Times

Thai military govt-linked party descends on Shinawatra stronghold
A political party tied to Thailand’s military government took its message of stability and development to the backyard of the ousted Shinawatra clan Sunday (Dec 23), as leaders dash to connect with voters ahead of an election in February.
Channel News Asia

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Reforms are insufficient for small-scale companies in Vietnam
Previous reforms are only related to less cumbersome business registration instead of a comprehensive support to the private sector, especially the small and medium enterprises (SMEs).
— Hanoi Times

Agricultural firms improve standards to satisfy new Chinese regulations
Exports of agricultural products to the vast Chinese market are expected to increase if branding and quality of Vietnamese goods improve, speakers said at a meeting on Friday in HCM City.
— Viet Nam Net

Vietnam labor costs highest among ASEAN comparators
Vietnam’s labor cost is the highest among comparator countries in Southeast Asia, a World Bank report says.
— VN Express

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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