Asean Morning News For February 14

Asean Morning News For February 14

Asean morning newsAsean Morning News

Compiled by Sreypov Men    @MenSreypov

 

US doubles troops in Cobra Gold exercise to boost presence in SE Asia
The U.S. has nearly doubled its presence in this year’s Cobra Gold exercise, one of the largest multinational military drills in Southeast Asia that kicked off on Tuesday in Thailand, showing its “strong and enduring commitment” to the region which is coming under increasing influence from China.
— Nikkei Asian Review

China, ASEAN to begin consultation on Code of Conduct in South China Sea in March
China and the Association of Southeast Asian Nations (ASEAN) will start consultation on the Code of Conduct in the South China Sea in early March, according to a consultative meeting between China and the Philippines on Tuesday.
— Xinhua

Gaps in Asia’s economic infrastructure
The gap between global infrastructure needs and global infrastructure investment is widening.
— East Asia Forum

European group to bid for Malaysia-Singapore high-speed train
A powerful European consortium that includes Alstom and Siemens has partnered with a Malaysian firm to bid for a high-speed train project connecting Malaysia and Singapore, the companies announced Monday.
— AsiaOne

Tea growers demanded renegotiation of ASEAN– India FTA agreement
Large portion of Indian tea sector is skeptical about outcome of free trade agreement of India with ASEAN countries.
— Economic Times

Next RCEP meeting will be crucial, says Mustapa
The next Regional Comprehensive Economic Partnership (RCEP) meeting, which will be held at the ministerial level on March 2, will be a crucial one to discuss the progress of the trade deal.
— The Sun Daily

Morocco to enhance ties with RI, ASEAN
Morocco is aiming for deeper cooperation with Indonesia while at the same time seeking new opportunities by building a partnership with ASEAN.
— The Jakarta Post

Most Southeast Asian stocks end higher; Vietnam up nearly 4 pct
Most Southeast Asian stock markets finished higher on Monday tracking U.S. stocks which gained more than 1 percent in the previous session, restoring some confidence in investors.
— Tuoi Tre

Pakistan and ASEAN should come closer
It does not suit Pakistan to stay away from finding new friends around the world.
— The Nation

PNJ wins Asia’s Best Report on SDGs award
The Phu Nhuan Jewelry JSC (PNJ) has received an award for having the Best Report on the Sustainable Development Goals (SDGs) in Asia.
— Vietnam Economic Times

Tea growers demanded renegotiation of ASEAN– India FTA agreement
Large portion of Indian tea sector is skeptical about outcome of free trade agreement of India with ASEAN countries. After the agreement comes into full effect, duty cut in import of the green beverage is feared to cause severe adverse impact on Indian tea production sector.
The Economic Times 

S’pore dominates Asian fintech
Singapore banked a record high of US$229 million in fintech or financial-technology funding last year, fuelled by two major deals in the fourth quarter and government support.
Asean Economist 

Thailand’s Global Crypto Embarks on Philippine Expansion
Global Crypto Hub of Thailand has launched operations near the Philippine capital, banking on the country’s more than $30 billion in annual remittances and its blockchain-friendly climate, various media reported.
Cryptovest 

Philippines leads SE Asia in budget transparency
The Philippines advanced for the third straight time in a biennial ranking of countries where the public has the most access to government budget information, results of the study released Tuesday showed.
ABS-CBN News 

Vynn Capital plans maiden $40M startup fund for Southeast Asia
Southeast Asia has a new venture capital fund on the scene after Victor Chua, formerly a vice president at Gobi Ventures, launched Vynn Capital.
Tech Crunch 

British warship to sail from Australia to South China Sea
A BRITISH warship will sail from Australia through the South China Sea next month.
News 

Has China Bought Brunei’s South China Sea Silence?
The questions raised on the issue reflect broader concerns about how the sultanate conducts itself at home and abroad.
The Diplomat 

57% Companies in Southeast Asia Reveal Speech Analytics Helps Discover ‘Root Cause’ of Customer Experience Failures
Uniphore Software Systems recently released the ‘Executive Survey: Drivers for Deploying Speech Analytics’, a market report commissioned by Uniphore and conducted by Opus Research, highlighting growing importance of deploying speech analytics to significantly improve customer experience.
Korea IT Times 

India’s active foreign policy is securing its long-term goals in Asean, West Asia
Two recent foreign policy initiatives of the Indian government have the promise of yielding key gains in the long-term. In January, New Delhi witnessed the unprecedented sight of the leaders of the 10 member states of the Association of Southeast Asian Nations (Asean) being honoured as chief guests at the annual Republic Day Parade after a crucial dialogue.
Hindustan Times 

Why the Mekong needs to become a river of democracy
Rivers are the lifelines of the world. Their waters crisscross cities, countries and continents. But after a week on the mighty Mekong, our correspondent sees a need for more ‘river democracy’.
Swissinfo 

 

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Government unit publishes 132-page treatise on threat of ‘colour revolution’
The Council of Ministers released a no-holds-barred book about its efforts to root out a purported foreign-backed “colour revolution” in Cambodia yesterday, lashing out at superpowers like the United States for supposedly trying to cause “immeasurable catastrophe” in the country.
— The Phnom Penh Post

Cambodia’s Ongoing Imprisonment of Former RFA Reporters ‘Unjustified’: Media Watchdogs
The ongoing imprisonment of two former RFA reporters held for three months on charges of “espionage” is “unjustified” and in violation of Cambodia’s constitutional right to freedom of expression, a consortium of journalist organizations said Tuesday, calling for their “immediate release.”
— Radio Free Asia

Private sector warns government that high costs imperil investment
Private sector representatives are deeply concerned by the government’s inability to reduce the cost of doing business in the Kingdom, and they warned yesterday that the country would start to lose investors if the situation did not improve.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Indonesia’s Bank Danamon fields interest from suitors for insurance unit
PT Bank Danamon Indonesia, the nation’s fifth-largest lender by market value, is fielding interest from foreign suitors seeking a stake in its insurance subsidiary, people familiar with the matter said.
— DealStreetAsia

Transport Ministry Open Registration for Free Motorcycle Shipment
The Ministry of Transportation (Kemenhub) through the Directorate General of Railways opens free motorcycles shipment registration for Eid Al-Fitr 2018 homecoming.
— Tempo

CCAI, Citi Indonesia sign business deal
Coca-Cola Amatil Indonesia (CCAI) has signed a cash management and trade finance agreement with Citi Indonesia, the Indonesian branch of US-based Citibank.
— The Jakarta Post

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Laos, China, Thailand to hold talks on rail link
Laos, China and Thailand are set to hold talks in moves to ensure the rail systems set to traverse the three countries can link smoothly and efficiently.
Vientiane Times 

Laos-Japan Friendship Bridge spans Xekong development divide
Connecting both sides of the Xekong River to provide a road link between neighbouring Lamam and Dakcheung districts in Xekong province, the new Laos-Japan Friendship Bridge was officially opened to the public on Monday.
Vientiane Times 

New foreign ambassadors take up posts
President Bounnhang Vorachit yesterday received six new foreign ambassadors presenting their credentials to take up posts of their diplomatic missions in Laos.
Vientiane Times

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Malaysia unlikely to face property bubble
Malaysia unlikely to face property bubble as the various pre-emptive measures already in to stabilise the market, including measures implemented by Bank Negara Malaysia (BNM).
— New Straits Times

Ringgit gets boost ahead of GDP announcement
The ringgit opened higher against the US dollar this morning as the greenback retreated from recent gains and amid positive local sentiment ahead of the announcement on Malaysia’s 2017 gross domestic product (GDP) figure, dealers said.
— The Star Online

Southern Steel’s net profit jumps 91.41pc to RM69.96m in Q2
Southern Steel Bhd’s net profit in the second quarter (Q2) ended December 31, 2017, rose 91.41 per cent to RM69.96 million from RM36.55 million in the same period a year ago, due to higher sales volume and marginally higher margin despite higher material cost.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

U.S. urges U.N. to hold Myanmar military accountable for ‘ethnic cleansing’
The United States on Tuesday described Myanmar denials of ethnic cleansing of Rohingya Muslims as “preposterous” as it called on the U.N. Security Council to hold the military accountable and pressure leader Aung San Suu Kyi “to acknowledge these horrific acts that are taking place in her country.”
Reuters 

2 journalists jailed in Myanmar will receive PEN award
Two reporters imprisoned in Myanmar are receiving an award from PEN America.
Federal News Radio

Myanmar still not allowing Rohingya to return: UN refugee chief
Myanmar has failed to put in place conditions for the safe return of 688,000 Rohingya refugees who fled an army crackdown six months ago, the UN refugee chief said on Tuesday (Fed 13).
Channel NewsAsia

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

China, Philippines discuss joint oil and gas projects in South China Sea
A second bilateral meeting between China and the Philippines on their territorial dispute in the South China Sea appears to have centered on cooperation rather than on competition, according to a joint press statement Tuesday night.
Nikkei Asian Review 

Philippines should do a US and withdraw from ICC
The United States, known worldwide for its advocacy of liberal dogmas such as human rights, shocked the world in 2002 when it withdrew from the International Criminal Court. One of the reasons for its withdrawal was the fear that the ICC would become a forum for politicized prosecutions of US citizens.
Manila Bulletin 

Kuwait blasts Duterte’s call to evacuate workers
A top Kuwaiti official condemned on Tuesday a call by Philippine President Rodrigo Duterte to evacuate his country’s workers from Kuwait, suggesting Duterte could damage ties between the two countries.
ABS-CBN News 

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Singapore economy expanded 3.6% in 2017; slower growth expected this year
SINGAPORE’S economy expanded 3.6 per cent last year – faster than initial estimates – thanks largely to strong growth in the manufacturing sector.
The Business Times

Singapore proposes e-payment guidelines to protect consumers
Singapore has proposed e-payment guidelines that it says are aimed at protecting consumers and driving wider adoption of such platforms in the country.
ZDNet 

Hong Kong edges Singapore in data centre stakes for 2017, but not for long: Study
Singapore’s colocation and wholesale data centre market will reach US$1 billion in revenue by 2021, more than the US$900 million projected for Hong Kong over the same time period, 451 Research says.
Channel NewsAsia

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

First home-grown ICO in presale debut
Thailand’s first initial coin offering (ICO) issued by a SET-listed company will test the waters Wednesday, but plans to launch additional domestic ICOs may not be easy to navigate until the regulatory framework becomes clearer, says an investment consultant.
— Bangkok Post

Phuket beachfront businesses at Layan, Leypang ordered: ‘Get out, or be demolished’
Vendors who do not vacate the beachfront plots they occupy at Layan and Leypang on Phuket’s west coast in defiance of a Supreme Court judgement face having their businesses demolished after March 5.
The Phuket News

BOT digs in against digital currencies
THE BANK of Thailand (BOT) is pressing the country’s financial institutions to steer clear of involvement in transactions that relate to cryptocurrencies.
— The Nation

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

MoF urged to revise automobile industry laws
The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts.
— Bizhub

Auspicious start for Vietnamese seafood exports to EU
Vietnam has enjoyed robust signs in seafood shipments to the EU market in January after a tough time caused by the “yellow card” issued by the European Commission over the problem of illegal, unreported and unregulated (IUU) fishing.
— VietnamPlus

Vietnam’s Coffee Exports May Climb 9% on Rising Production
Coffee shipments from Vietnam, the world’s biggest robusta producer, will surge this year as farmers harvest a bigger crop, according to Industry and Trade Minister Tran Tuan Anh.
— Hellenic Shipping News

See here for more of today’s Vietnam Morning News

 

Asean Morning News is the most comprehensive selection of reports on what you need to know from around the Asean Economic Community (AEC) published. All articles are hand curated by the team at AEC News Today. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

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