Asean morning news for December 4

Asean morning news for December 4

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Asean currency crisis: region at risk of a ‘currency crisis stroke’
The rumblings of a currency crisis in emerging markets is only getting louder. Argentina’s Central Bank raised interest rates to 40 per cent to protect its peso in May 2018.
— AEC News Today

ASEAN manufacturing PMI faces marginal improvement
Manufacturing conditions in ASEAN slightly improved with an increase of pace in output and expansion of new orders, after October recorded a decline, according to a survey.
— Nikkei Asian Review

Russian Helicopters receives requests to supply over 70 aircraft to Asia Pacific
The Russian Helicopters company (part of the Rostec State Corporation) has received requests to supply more than 70 helicopters to Asian-Pacific countries, worth over $500 mln, the company’s press service said in a statement on Monday.
— TASS

US-China trade war will divert trade and investment to ASEAN: analyst
Countries part of the Association of Southeast Asian Nations (ASEAN) will benefit from the US-China trade war which will divert trade and investment to the region in a bid to circumvent the high tariff walls, according to a report by Maybank Kim Eng (Maybank KE).
— Singapore Business Review

Trade Department pushes 12 priorities for Asean chair
Twelve economic issues, including the conclusion of negotiations on the Regional Comprehensive Economic Partnership, have been proposed for consideration as Thailand readies itself to assume Asean’s chairmanship.
— Bangkok Post

Possible Fed pause in late 2019 bullish for ASEAN: report
2019 could be a better year for Asian foreign exchange as the Fed is projected to normalise and possibly pause by late 2019 and in 2020 after three more hikes, according to a report by Maybank Kim Eng (Maybank KE).
— Singapore Business Review

Watch out for Asean’s new Indo-Pacific
If everything goes as planned, members of the United Nations Security Council will have a rendezvous in Bangkok at the end of 2019.
— Bangkok Post

What will the UN climate conference mean for the region?
Southeast Asia’s extensive coastlines have made it particularly vulnerable to the effects of climate change, which include rising sea levels and tropical cyclones that have increased in power and destruction.
— Southeast Asia Globe

Asia-Pacific Reprocessed Medical Devices Market Bring in a Little over US$ 1 Bn by the End of 2027
Future Market Insights’ recent report on the reprocessed medical devices market in Asia-Pacific region projects that in 2017 and beyond, Japan, China and Southeast Asia will collectively account for more than 60% share of overall market revenues.
— Digital Journal

Strengthening ASEAN’s cybersecurity
Terrorism in Southeast Asia has long been a threat. Previously, the spectre of terrorism haunted the region via threats of physical violence, from bombings to kidnappings.
— The Asean Post

Every Southeast Asian country and its unique martial art form
Southeast Asia is a hotbed of martial arts, with each culture represented by its own unique art form.
— FOX Sports

The Biggest Killers in Southeast Asia
We commute to work, so it is natural to assume that driving would be a major contributor of deaths in Southeast Asia.
— Unreserved (blog)

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov

 

Cambodia reviews ban on opposition after EU sanctions threat
Cambodia’s parliament is reviewing a five-year ban on more than 100 members of the main opposition party, which could allow them to return to politics, following threats by the European Union to deny duty-free trading access to the Southeast Asian nation.
— Reuters

Cambodia mulls tougher laws on illegal timber logging
Cambodia loses thousands of cubic meters of timber through illegal activities and now the government is looking to amend its laws to better protect the prized natural resource.
— Asian Correspondent

EU set to slap tariffs on rice from Cambodia, Myanmar
The European Commission will on Tuesday propose imposing tariffs on rice coming from Cambodia and Myanmar to curb a surge in imports that it believes is damaging to European producers.
— Successful Farming

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

BPS records 0.27 percent inflation in November
Inflation was 0.27 percent in November, slightly lower than the 0.28 percent recorded in October and contrary to the trend in the last two years, Statistics Indonesia (BPS) announced on Monday.
— The Jakarta Post

Indonesia’s WSMEs: female entrepreneurship without a safety net
Despite the substantial contribution women-led or -owned small and medium enterprises (WSMEs) make to the Indonesian economy, their aspirations are not effectively facilitated by policymakers.
— AEC News Today

Growth Momentum in Indonesia’s Manufacturing Sector Slowed Further
Manufacturing activity in Indonesia continued to expand in November 2018. However, the pace of expansion slowed further, for the third straight month, and the November reading was in fact the lowest reading of the past five months.
— Indonesia Investments (media release)

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by Mark Roy         @electricnerve

 

Govt saves 3.5 trillion kip from overvalued projects
The government has saved more than 3.5 trillion kip (almost US$419 million) by preventing the money being spent on overvalued projects, a minister has told the National Assembly.
— Vientiane Times

Tap water business booming in Laos
THE TAP-WATER business in Laos’ top tourist destination Luang Prabang has enormous potential for growth due to the rapid expansion of tourism, a high-speed rail project in the works and high demand for water utilities across the country, according to Exim Bank and Thai investors in Laos.
— The Nation

President recalls Viengxay’s role on road to liberation
For many years, Laos battled oppressive foreign powers who sought to subjugate the country, but in collaboration with its Indochinese neighbours, Laos repelled all enemies and achieved liberation in 1975.
— Vientiane Times

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

Malaysia Government Sets 20% Annual Growth Target For E-Commerce Sector
The Malaysian government has set an annual growth rate target of 20 per cent for the e-commerce sector in the country, from 14.3 per cent growth posted in 2017, via various initiatives.
— Investvine

Malaysia to decide on oil production cut on Thursday, says Azmin
Malaysia will announce after a ministerial meeting with the Organisation of Petroleum Exporting Countries (OPEC) on Thursday whether it will continue to cut oil production by 20,000 barrels per day beyond 2018, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
— The Edge Markets

Audit report: Housing projects approved without funds
About 4,000 houses for second generation of Felcra and Risda settlers were promised, but no funds were allocated for them to be built.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by Mark Roy         @electricnerve

 

‘Genocide’ evidence in case of Myanmar’s Rohingya growing
The U.S. Holocaust Museum says it has found “compelling evidence of genocide” in Myanmar against the Muslim Rohingya minority, calling on the U.S. government and international governments to hold the Burmese military accountable.
— Voice of America

EU set to slap tariffs on rice from Cambodia, Myanmar
The European Commission will on Tuesday propose imposing tariffs on rice coming from Cambodia and Myanmar to curb a surge in imports that it believes is damaging to European producers.
— Successful Farming

Chinese company behind controversial copper mine eyes additional 100k acres
Local concerns over the environmental impacts and potential for land confiscation in the Latpadaung copper mining area are rising again with the submission of an application by a Chinese mining company to carry out a land inspection of a potential copper mining site in the Yinmarbin area of Monywa Township, Sagaing Region.
— The Irrawaddy

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Treasury: National government debt jumped P666b to P7.17t in October
Outstanding national government debt jumped P666 billion or 10.2 percent over a 12-month period to P7.17 trillion as of October, data from the Treasury show.
— Manilastandard.net

Manufacturing PMI continues to strengthen
The Philippine manufacturing sector continued to strengthen in November, results of the latest IHS Markit/Nikkei survey showed on Monday, with the Purchasing Managers Index (PMI) rising for a fourth straight month to an 11-month high.
— The Manila Times

Philippines: News Portal CEO Posts Bail, Calls Tax Case Harassment
The head of Rappler, a popular online news portal that has criticized President Rodrigo Duterte’s war on illegal drugs, posted bail on Monday for a tax evasion case, which she described as government harassment.
— Benar News

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Mark Roy         @electricnerve

 

Singapore police crush vice syndicate with China’s help
A transnational vice syndicate has been smashed in a joint operation by the Singapore Police Force and China’s Ministry of Public Security (MPS).
— The New Paper

MAS unveils S$30m grant to boost Singapore financial sector’s cybersecurity capabilities
The Monetary Authority of Singapore (MAS) on Monday launched a S$30 million Cybersecurity Capabilities Grant to raise the cybersecurity capabilities of the financial sector and help financial institutions develop local talent in cybersecurity.
— The Business Times

Trade war ceasefire sparks stock rally across Asia
Shares rebounded across the region yesterday after the trade war truce between the United States and China and an oil price rebound sent relieved investors racing back to the markets.
— Straits Times

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

Investors flock to Thailand’s EEC project
Thailand’s Eastern Economic Corridor (EEC) is slated to be an arterial node for trade, investment, and regional transportation, besides also serving as a strategic gateway to the Southeast Asian region.
— The Asean Post

Thailand Manufacturing PMI Climbs To 49.8 In November – Nikkei
The manufacturing sector in Thailand continued to contract in November, although at a lower rate, the latest survey from Nikkei revealed on Monday with a manufacturing PMI score of 49.8.
— Markets Insider

Govt’s VAT refund plan encounters opposition
THE THAILAND Development Research Institute (TDRI) is opposed to the government’s plan to offer a 5-per-cent VAT refund to shoppers during the Chinese New Year festival in February, and believes the move is aimed at winning popular support ahead of the general election.
— The Nation

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Foreign investors pour US$145 billion into Vietnam’s industrial and economic zones
Vietnam`s industrial parks and economic zones remained the country`s magnet in attracting foreign investment.
— Hanoi Times

Seafood export earnings surge 6.8 percent in 11 months
Viet Nam’s seafood export turnover in November reached US$852 million, raising the total value for the first 11 months to $8.1 billion, a year-on-year increase of 6.8 per cent.
— BIZHUB

Vietnam sees car import up 44% y/y in October
Cars from Thailand and Indonesia accounted for 93% of total cars imported to Vietnam over the last week.
— Hanoi Times

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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