Asean Morning News For January 25

Asean Morning News For January 25

Asean morning newsAsean Morning News

Compiled by Sreypov Men    @MenSreypov

 

Asian companies count losses, hatch ways to cope with weak dollar
A relentless decline in the dollar is putting pressure on earnings of Asian exporters, pushing some to consider moves such as renegotiating sales contracts, but it has also created a buffer against rising raw material and foreign debt costs.
— Reuters

Visa-free travel to EU urged by Asean
Major Asean tourism associations have called for new strategies and greater cooperation to strengthen the industry.
Bangkok Post 

ASEAN businesses boost investment in own backyards
Business in the Association of Southeast Asian Nations is entering a new phase as regional companies increasingly look to neighboring countries for investment opportunities.
— Nikkei Asian Review

ASEAN travel associations work towards a closer partnership
The ASEAN Tourism Association (ASEANTA) Board has made an unusual move of bringing together several travel industry associations at ATF 2018 to facilitate a more coordinated approach to resolving issues such as market penetration and courtship of Muslim travellers.
— TTG Asia

Muang Thai Life banks on regional growth
MUANG Thai Life Assurance Plc plans to deepen its presence in regional markets with a focus on Myanmar, Indonesia, Malaysia and the Philippines.
— The Nation

Vietnamese SMEs to Join ASEAN Goods Self-Certification
Vietnam’s Ministry of Industry and Trade (MoIT) has made changes to the pilot implementation of self-certification of goods origin as per the ASEAN Trade in Goods Agreement (ATIGA).
— Vietnam Briefing

Malaysia’s edotco targets expansion in region, possible capital raising
Malaysia’s edotco Group is eyeing an entry into markets such as Thailand, Laos and Vietnam, and will tap funds to set itself up for more deals in the region, the telecommunications tower services unit of Axiata , the country’s largest mobile operator, said on Wednesday.
— Reuters

Is Chinese investment taking over the Mekong?
China is shoring up its sphere of influence in Southeast Asia through aid and investment. By funding infrastructure and development, China can increase its economic and strategic leverage over poorer neighbors.
— Deutsche Welle

ASEAN body asks for arms embargo on Myanmar
ASEAN Parliamentarians for Human Rights (APHR) Wednesday laid stress on imposing arms embargo and targeted sanctions on Myanmar and its senior officials respectively to create a safe environment for returning of Rohingyas to their homeland from Bangladesh.
— Prothom Alo

Terrorist arbitrage in Southeast Asia
Small islands, sharply divided, give a conflict a certain focus and intensity—think Northern Ireland, Cyprus, East Timor.
— New Mandala

Over 160 human-trafficking victims rescued in last 3 years
Thai authorities rescued more than 160 human-trafficking victims from fishing trawlers between May 2015 and last Thursday. “Most victims were from Cambodia, Myanmar and Indonesia,” deputy national police commissioner Pol General Wirachai Songmetta said on Wednesday.
— The Nation

ASEAN MPs emphasize need for urgent regional action on Rohingya crisis as they conclude fact-finding mission
At the conclusion of a four-day fact-finding mission, Southeast Asian lawmakers urged their governments to heed calls for action to address the Rohingya crisis, emphasizing that the Association of Southeast Asian Nations (ASEAN) needs to take on a larger role in efforts to resolve the situation.
ASEAN PARLIAMENTARIANS FOR HUMAN RIGHTS 

ASEAN companies face US$750b risk from cyberattacks
Companies across the ASEAN bloc face a growing risk of cyberattacks, which can expose the region’s top-listed firms to a US$750 billion erosion in current market capitalisation.
Viet Nam News 

China’s debt-trap diplomacy is rapidly ensnaring Southeast Asia
This is not the kind of Chinese invasion that our Supreme Court and others are warning about, but a subtle and insidious mode of conquest that could undermine Philippine sovereignty in the long term.
The Nation

Gas set to dominate Southeast Asia projects going forward
Rystad Energy expects 50 oil and gas fields in the Southeast Asia region to be approved for development between 2018 and 2020.
Offshore-mag 

Why Asean leaders are seeking imports of Akash, BrahMos
As India showcases its formidable military might at the Rajpath on Republic Day, a few weapon systems including Akash surface to air missile (SAM) and BrahMos would be in the highlight seeing the recent successful trials.
Financial Express

Commentary: ASEAN and India, 25 years and beyond
While we commemorate 25 years of ASEAN-India relations, India’s ties with Southeast Asia date back more than 2,000 years.
Channel NewsAsia 

Technicals on Watch For Southeast Asia Properties & Finance Ltd (0252.HK)
Shares of Southeast Asia Properties & Finance Ltd (0252.HK) are heading in a near-term negative direction as the most recent close of the company has stayed below the Balance Step. The Balance Step reading takes into account the last 5 balance points of the weekly period plotted in step formation on a daily chart.
Aiken Advocate

 

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Minister of Commerce: Cambodia to Export 300,000 Tons of Rice to China in 2018
At the General Assembly of the Federation of Cambodian Rice Exporters, Minister of Commerce Pan Sorasak said that in 2018 China agreed to buy 300,000 tonnes of rice from Cambodia.
— Fresh News

Cambodia launches rice brand to woo foreign buyers
Rice authorities unveiled the “Malys Angkor” rice brand, a new certification mark that encompasses a range of Cambodian fragrant rice varieties.
— Bangkok Post

5.6 Million International Tourists Visit Cambodia in 2017
Cambodia received over 5,602,157 international tourists in 2017, an increase of 11.8% compared to 2016, with Chinese tourists ranked the first, according to an official report released by the Ministry of Tourism on January 24, 2018.
— Fresh News

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Gov’t Offers Loans to 800,000 Ultra Micro-Entreprises
The government will disburse loans worth up to Rp 3.24 trillion ($272 million) to 800,000 ultra micro-enterprises to improve the economy, Finance Minister Sri Mulyani Indrawati said on Tuesday (23/11).
— JakartaGlobe

PepsiCo Cuts Ties with Palm Oil Supplier
Food and beverage giant PepsiCo has suspended procurement from a palm oil supplier over claims of labor abuses on its Indonesian plantations, a move hailed by campaigners on Wednesday.
— Tempo

Millcon Steel launches joint venture to expand into Indonesia
Millcon Steel has launched a joint venture with Artha Graha Group, its strategic partner in Indonesia, in a move aimed at expanding market in the fastest growing market in Southeast Asia.
— The Nation

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Lao ministry encouraging use of local online domain
The government is targeting the use of local domains for email and internet sites which will facilitate the management of online communication.
The Nation 

ICT businesses urged to drive economy
Information and communications technology (ICT) businesses must be the main drivers of economic growth and the process of industrialisation and modernisation in Laos.
Vientiane Times 

4 Laos infographics: population, wealth, economy
Though Laos is one of the smallest countries of ASEAN in demographic and economic terms, it is nevertheless a fast-developing country with important natural resources. This series of infographics illustrates key demographic and economic data of Laos, together with comparisons with other ASEAN and world-leading countries.
Asean Up 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Inflation up 3.5% on higher fuel costs
Malaysia’s inflation rate rose 3.5% in December 2017 in line with expectations, as transport costs climbed on higher fuel prices but for 2018, analysts are expecting the impact to taper off and the inflation rate to decline.
— The Star Online

Malaysian firms can expand presence overseas with CPTPP: Mustapa
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will open the door for Malaysian companies to expand their presence overseas, Datuk Seri Mustapa Mohamed said.
— New Straits Times

Tokyo Gas to cut Malaysia LNG purchases after contract expires in March
Tokyo Gas Co will reduce the volumes of Malaysian liquefied natural gas (LNG) that it buys after a long-term contract expires this year, President-Elect Takashi Uchida said on Tuesday.
— The Star Online

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Exclusive: Richardson quits Myanmar’s ‘whitewash’ Rohingya crisis panel
Veteran U.S. diplomat Bill Richardson has resigned from an international panel set up by Myanmar to advise on the Rohingya crisis, saying it was conducting a “whitewash” and accusing the country’s leader Aung San Suu Kyi of lacking “moral leadership”.
Channel NewsAsia 

Where Myanmar plans to house returning Rohingya
A man walks past the entrance of a camp set up by Myanmar’s Social Welfare, Relief and Resettlement Minister to prepare for the repatriation of displaced Rohingyas, who fled to Bangladesh, outside Maungdaw in the state of Rakhine, Myanmar.
Reuters 

Gold exports now permitted in Myanmar
Gold and gold jewelry and accessories have been legally cleared for import and export, the Ministry of Commerce (MOC) said Monday.
Myanmar Times 

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Philippines formally rejects P380 million in EU aid
The Philippines formally rejected at least P380 million (6.1 million euros) in aid from the European Union, Ambassador Franz Jessen confirmed Wednesday, January 24.
Rappler 

Philippines telco signs $300 million digital upgrade deal
PLDT, one of the Philippines’ leading telecommunications and digital services providers, and its wireless subsidiary Smart Communications have signed a $300 million partnership with Missouri-based Amdocs.
CNBC 

Funding not a problem in Duterte’s $18-billion infrastructure push, skilled labor is
President Duterte’s plan to supercharge growth with a $180-billion infrastructure program is running into a roadblock: a lot of the people he needs to build all the roads, bridges, airports and railways are working abroad.
BusinessMirror 

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Singapore, Switzerland and the US are world’s best in luring talent: INSEAD
Switzerland, Singapore and the US are the top three countries in the world when it comes to fostering and attracting talent, according to an index compiled by INSEAD business school.
Today Online 

Singapore’s Whole-of-Government approach to strengthen IT governance within the public sector
The Second Report of the Public Accounts Committee of Singapore was presented to Parliament yesterday. The Committee considered the Report of the Auditor-General for the financial year 2016/17. One of the common themes in the report was certain weaknesses in IT controls across public sector agencies.
Open Gov Asia 

Singapore a vital financial hub in China’s Belt and Road Initiative: Chan Chun Sing
Minister in the Prime Minister’s Office Chan Chun Sing said the Belt and Road Initiative is an opportunity for China to gain the trust of other countries.
Channel NewsAsia (video)

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

JSCCIB wants minimum wage hike reconsidered
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has urged the government to reconsider its minimum wage hike.
— NewsToday (video)

EU urges return to democracy
The European Union (EU) has urged the regime to ensure a quick return to democracy and stick to its pledge to hold elections in November.
— Bangkok Post

Auto production ‘set to skyrocket’ in 2018
The Federation of Thai Industries (FTI) is confident the country’s automotive output will hit the 2-million-unit mark this year — a level last reached five years ago.
— Bangkok Post

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Vietcombank to sell 7.6 million Vietnam Airlines’ shares
Joint Stock Commercial Bank for Foreign Trade of Vi?t Nam (Vietcombank) has registered to sell 7.6 million shares of Vietnam Airlines Corporation, which is listed as HVN on the stock market.
— Viet Nam News

Vietnam Allows Foreign Investors to Establish Logistics Firms
Following Decree No.163/ND-CP, foreign investors will now be allowed to set up logistics services companies from February 20, 2018, in Vietnam.
— Vietnam Briefing

Vietnam’s cosmetics imports double to US$6 billion
Vietnam’s cosmetics imports hit nearly US$6 billion in 2017, twice as much as in 2016, heard a conference on natural and organic cosmetics held by the Vietnam Cosmetic Distributor and Retailer Club in HCMC on January 19.
— VietnamNet Bridge

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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