Asean Morning News For January 4

Asean Morning News For January 4

Asean morning newsAsean Morning News

Compiled by Sreypov Men    @MenSreypov

 

Internet economy in Southeast Asia on track to $200B
As hundreds of millions of Southeast Asians come online, the region is well on track to realizing a US$200 billion internet economy by 2025. Indeed, a Google blog post noted that Southeast Asia’s internet economy growth has exceeded previous growth expectations and is on its way to outpace it by 35 percent.
Enterprise Innovation 

Asia-Pacific Power Cable Materials Market, Forecast to 2023
This research service focuses on power cable non-conducting materials including insulation materials and jacketing materials in the Asia Pacific region. The timeframe covered by the research is 2013 to 2023, the base year being 2016. The market is forecast from 2017 to 2023.
PR Newswire 

What the EU’s new data protection regime means for ASEAN
A large proportion of businesses in the regional economic grouping will be affected by Europe’s General Data Protection Regulation, but awareness of the new rules remains low, even in countries with existing data protection laws
Computer Weekly

Vietnam: Reduced Import Tariffs on Automobiles from ASEAN from 2018
ASEAN member states have achieved remarkable progress in the last few years in reducing intra-regional tariffs and creating one of the largest common markets in the world through their Free Trade Agreement.
— Vietnam Briefing

Cosmed on cosmetic regulation in ASEAN and alignment with Europe: Part I
In this two-part guest article, the leading industry body in France outlines how regulation across the ASEAN can align with Europe.
Cosmetics Design-europe 

Southeast Asian medical services providers eye China market
Southeast Asian medical services providers are turning their sights toward China, with the aim of attracting the growing medical demands of wealthy Chinese as the population ages and more foreign companies expand their businesses in the country.
Nikkei Asian Review

Singapore-based CopyCash to launch initial coin offering in Malaysia next week
Amid growing concerns over the underlying risks in digital currencies, a Singapore-based blockchain startup looks to be taking its chances with the Malaysian public, with an initial coin offering (ICO) slotted for next week.
— The Sun Daily

Big Asean presence on R-Day will have ripple effect on mega trade pact talks
With the heads of 10 Asean countries participating in India’s Republic Day celebrations as chief guests later this month, Commerce Ministry officials fear more political pressure from the bloc on India to remove all import tariffs as part of the Regional Comprehensive Economic Partnership (RCEP) pact being negotiated.
The Hindu BusinessLine 

India, Myanmar, Thailand negotiating motor vehicles pact
The government of India is implementing two projects as part of Trilateral Highway between India, Myanmar and Thailand, parliament was informed on Wednesday.
— Governance Now

With ASEAN on Board, India’s Enhanced ‘Act East’ Policy Soars to New Heights
Ahead of the India-ASEAN (Association of Southeast Asian Nations), commemorative summit to be held in New Delhi on January 25 and the subsequent participation of ASEAN leaders as chief guests in India’s Republic Day celebration on January 26, the Indian external affairs Minister Sushma Swaraj is visiting three key nations of the ASEAN bloc from January 4 to 8.
Sputnik 

Local manufacturing growth strongest in Asean for third consecutive month
The Philippine manufacturing sector grew the fastest anew in Southeast Asia last December, latest data showed, clocking in the country’s lead in the region for the third consecutive month.
BusinessMirror

What’s With the New Russia-Vietnam Truck Deal?
Last week, Russia and Vietnam inked an intergovernmental agreement that was billed as facilitating cooperation on producing commercial and military trucks and vehicles in the Southeast Asian state. The protocol shed light on a component of the longstanding Russia-Vietnam relationship and highlighted the inroads that Russian truck producers are trying to make in Southeast Asian markets despite previous challenges.
The Diplomat 

Vietnam investments boost Laos’ socio-economic development
Vietnam and Laos are two neighboring countries that boast a long-standing traditional friendship.
— VietnamPlus

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Cambodia’s army chief accuses CNRP of preparing to wage war against government
The commander-in-chief of the Cambodian armed forces Pol Saroeun on Tuesday (Jan 2) accused the now-defunct Cambodia National Rescue Party (CNRP) of preparing armed forces along the Cambodian-Thai border to wage war against the government, The Phnom Penh Post Online reported.
— Thai PBS

PM Hun Sen Urges to Stop Insulting Factory Workers
Prime Minister Hun Sen strongly urged the administration chief, and supervisors in ministries, institutions, public and private sectors, and other senior position holders to stop abusing workers.
— Fresh News

Agriculture Ministry to request lower electricity costs for farmers
Agriculture Minister Veng Sokhon said he would ask Prime Minister Hun Sen to take action to help farmers compete against neighbouring countries, including further measures to address high electricity costs, as the sector mapped out its challenges for the year at a ministry-led forum in Phnom Penh yesterday.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Energy subsidy swells to Rp 97.6 trillion: Sri Mulyani
The government spent an additional Rp 7.7 trillion (US$ 539 million) on energy subsidies in 2017 due to the increasing global price of crude oil in recent months, according to Finance Minister Sri Mulyani Indrawati.
— The Jakarta Post

Bulog to purchase farmers` onion stocks amid price drop: Minister
State Logistics Agency (Bulog) will purchase the farmers` onions at Rp15 thousand (US$1.11) per kilogram after the price in the main production area in Brebes District, Central Java, plummeted, Agriculture Minister Andi Amran Sulaiman stated.
— Antara

Three new airport trains to operate this year: Minister
After the inauguration of the airport train in Jakarta by President Joko “Jokowi” Widodo on Tuesday, the government plans to operate airport trains in three other cities – Padang in West Sumatra, Palembang in South Sumatra and Surakarta in Central Java.
— 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

 

Remove barriers to business, tour operators urge government
Tour operators have called for the government to remove a number of barriers they are facing in order to boost the industry and increase tourist arrivals.
Vientiane Times

Govt issues decree on allowances for disadvantaged schoolchildren
The government has announced a decree to promote education equality between children in towns and rural communities by supporting outstanding primary and secondary students who lack opportunities to pursue their studies.
Vientiane Times 

Lao expressway to stretch to China: official media
The Vientiane-Vangvieng expressway to be extended to China will lift up a new face of transport system in Laos, state-run Lao News Agency (KPL) reported on Wednesday.
Xinhua Net 

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Samling is said to prepare $250m IPO for Bentley dealer
Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than 1 billion ringgit ($250 million), people with knowledge of the matter said.
— New Straits Times

OCBC Bank: Malaysia could face inflationary pressures this year
With inflation pressures pacing relatively faster vis-à-vis its Asian peers, OCBC Bank said Malaysia would need to stay vigilant for any early signs for a faster-than-expected surge in inflation in 2018.
— The Sun Daily

South Korean ride-sharing startup SoCar to launch services in Malaysia
South Korean ride-sharing startup SoCar has identified Malaysia as its first overseas market for expansion, according to a report by South Korea’s Yonhap news agency.
— DealStreetAsia

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Aung San Suu Kyi govt ups Myanmar minimum wage as economy staggers
Myanmar is set to raise the minimum wage to around US$3.60 a day, state media announced on Wednesday (Jan 3), as Aung San Suu Kyi’s civilian government struggles to project economic progress after almost two years in power.
Channel NewsAsia 

Rohingya crisis ranked among world’s top 10 conflicts to watch in 2018
The Rohingya crisis has been ranked third on a list of “10 conflicts to watch in 2018” by International Crisis Group, after North Korea and the rivalry involving the United States, Saudi Arabia and Iran.
Frontier Myanmar

Aung San Suu Kyi is not paralyzed: President’s Office
The President’s Office denied rumors yesterday that State Counsellor Aung San Suu Kyi has been paralyzed, saying she is healthy and able to work.
Cononuts Yangon

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Duterte rules out term extension
MALACAÑANG said on Wednesday the midterm elections would push through in 2019 as scheduled unless the Constitution was amended.
The Manila Times 

Filipinos to feel impact of higher fuel tax starting mid-January
Starting mid-January, Filipinos are expected to feel the impact of higher fuel excise tax rates at gasoline pumps.
Rappler

Smart to expand 4CC LTE-A deployment in 2018
PLDT’s wireless arm Smart Communications plans to expand its LTE-Advanced (LTE-A) service with carrier aggregation to more areas of the country to push up mobile internet speeds in the Philippines in 2018.
Telecom Asia 

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Singapore manufacturing ends 2017 on a strong note, powered by electronics
Singapore manufacturers ended 2017 on a high, fuelled mainly by strong growth in electronics. But the sector’s pace of expansion is showing signs of moderating after a year of breakneck growth.
The Straits Times (paywall)

SIA to start charging credit card fees for flights departing Singapore
Some Singapore Airlines (SIA) passengers booking flights departing from Singapore could soon incur a fee if they use a credit card to pay for their tickets.
Channel NewsAsia 

Singapore bans film focused on indicted Palestinian teen activist
Singapore has banned a film festival from screening a documentary later this week that features a teenage Palestinian female activist whose arrest last month has made her a symbol of resistance to Israeli military occupation in the West Bank.
Reuters 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

This may be as good as it gets for Thailand
Thailand’s military government can look to 2017 for the economy’s best performance in five years but the strength of the recovery is expected to wane.
— The Malaysia Reserve

BOT to implement loose monetary policy throughout 2018
The Bank of Thailand plans no change in its monetary policy implementation this year.
— News Today (video)

Cabinet OKs housing projects for low-income earners in 8 provinces
The Cabinet on Wednesday (Jan 3) approved housing projects for low-income earners in eight provinces so they will be able to have their own homes at a cost of 2,000 baht instalment payment per month.
— Thai PBS

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Vietnam spends $2.1bn importing 94,000 cars in 2017
Vietnam’s completely built-up (CBU) car imports dropped in both volume and value in 2017 compared to a year earlier, as local importers had anticipated a major tax cut that kicked in at the start of 2018.
— Tuoi Tre

Vietnam: Construction Rules to be Relaxed
Vietnam’s Ministry of Construction is going to introduce changes in construction regulations to create favourable conditions for construction and real estate businesses.
— Vietnam Briefing

Vietnam Rubber Group targets raising $273m in Feb IPO
State-owned Vietnam Rubber Group (VRG) will offer 475.1 million shares, equivalent to nearly 25 per cent of its charter capital, for sale in its initial public offering (IPO) scheduled for February. With the starting price set at $0.59 apiece, VRG expects to raise nearly VND6.2 trillion ($273.1 million) from the share sale.
— DealStreetAsia

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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