Asean Morning News For January 8

Asean Morning News For January 8

Asean morning newsAsean Morning News

Compiled by Sreypov Men    @MenSreypov


Australia must embrace ASEAN, but we’ve got listening to do
Australia must move beyond our obsession with the US versus China debate and to once again make the ASEAN region our priority.
— Australian Financial Review

Ten new decrees to guide FTA tariff cuts
The finance ministry has announced 10 draft decrees that will guide implementation of as many free trade agreements (FTAs), drawing a roadmap to zero per cent import tariffs for many goods.
— VietnamNet Bridge

Asean targets system to jointly cope with disasters
The Association of Southeast Asian Nations (Asean) regional bloc is preparing systems to enable member-states to better respond to natural disasters through joint action, Secretary General Dato Lim Jock Hoi has said.
— Gulf News

Asean, India urged to press on with economic integration
Ministers called on Asean and India to press on with economic integration, with Singapore’s leaders plumping in particular for the Regional Comprehensive Economic Partnership (RCEP) trade pact as a key way to do so.
— Straits Times

Diaspora a bridge between India and Asean
Asean and India have a secret weapon in their quest for closer cooperation: the Indian diaspora.
— Straits Times

Indonesia struggles with human trafficking networks
Tyas Weningsih Putri left her village in Kendal, Central Java in August 2016 to try her luck for a second time as a migrant worker in Malaysia.
— Bangkok Post

Expect traffic jams, blockades as Delhi hosts ASEAN leaders ahead of R-Day
Blockades and jams are likely to clog parts of central Delhi between January 23 and 26, when the traffic police plan to restrict the movement of vehicles because of two key events — an Asean summit and the Republic Day celebrations.
— Hindustan Times

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Business Insider: Rosy outlook for Cambodia’s SMEs
Te Taingpor, the president of the Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec), sits down with The Post’s Cheng Sokhorng to discuss recent positive developments and remaining challenges for small and medium enterprises (SMEs) in Cambodia.
— Phnom Penh Post

Hun Sen uses ‘Victory Over Genocide Day’ to focus on ‘colour revolutions’
There was a ceremonial freeing of doves and balloons, song and dance performances, and cheers of “victory, victory, victory” from thousands of ruling party supporters at yesterday’s January 7 celebrations on Koh Pich. But much of Prime Minister Hun Sen’s annual address marking the anniversary of the Khmer Rouge’s ouster focused not on January 7, 1979, but on a present alleged threat to the nation – “colour revolution”.
— Phnom Penh Post

Number of plaintiffs in Empire Big Capital fraud suit up to 900
Some 900 plaintiffs have joined a class action suit against investment company Empire Big Capital, which is estimated to have defrauded tens of thousands of Cambodians out of up to $400 million, with more complainants expected to join the legal case in the coming weeks.
— Phnom Penh Post

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov


Chinese firm to build plastic plant in Batam
Batam Free Trade Zone Authority (BP Batam) has granted its first investment permit in 2018 to Chinese plastic maker Hong Sheng Plastic Industry, which is set to invest US$4 million in Batam, Riau Islands.
— The Jakarta Post

Renewable Portion in Energy Mix Increases
The Indonesian Ministry of Energy and Mineral Resources has recorded an increase in the portion of new and renewable energy in the country`s energy mix for power plants last year.
— Tempo

Indonesian crude price reaches highest value in december 2017: Ministry
The Indonesian Crude Price (ICP) recorded the highest value in December 2017 owing to the impact of the Organization of the Petroleum Exporting Countries (OPEC) policy, the Energy and Mineral Resources Ministry (ESDM) stated.
— Antara

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Vietnamese company resumes construction of northern Lao airport
Construction of Nongkhang airport in Laos’ northern Huaphan province has been resumed after a one-year delay following financial difficulties of Vietnamese contractor, local daily Vientiane Times report on Saturday.
Xinhua Net 

Health ministry targets MDG, SDG success
The Ministry of Health will focus on four aspects of health and 10 health indicators for 2018, aimed at achieving the Millennium Development Goals by 2020 and Sustainable Development Goals in 2025.
The four health fields consist of hygiene and health promotion, communicable diseases, treatment, and health insurance.
Vientiane Times 

Lao, Chinese Investors Join Hands to Increase Steel Production
Khounkham Steel Industry, the manufacturer of Lao Twin Elephant Brand steel (CK), has signed an agreement with Vientiane DKK Steel on Jan 4, 2018 for a US$ 20 million project.
Lao News Agency

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov


Malaysia opposition names Mahathir, 92, as PM candidate
Malaysia’s opposition coalition on Sunday named 92-year old former premier Mahathir Mohamad as its prime ministerial candidate for a general election.
— Bangkok post

Malaysia: Axiata shares climb as carrier said to consider $500m tower IPO
Axiata Group Bhd. rose the most in more than two years after people with knowledge said Malaysia’s biggest wireless carrier is considering an initial public offering of its tower unit that could raise at least $500 million.
— DealStreetAsia

FGV to benefit from suspension of export taxes
CIMB Equities Research expects Felda Global Ventures Holdings (FGV), Hap Seng Plantations, Genting Plantations, Ta Ann and Jaya Tiasa to benefit from the suspension of export taxes on crude palm oil (CPO) for a three-month period from Jan 8 to April 7.
— The Star Online

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat


Explainer: Two Reuters journalists due to make second Myanmar court appearance
Myanmar has accused Reuters reporters Wa Lone, 31, and Kyaw Soe Oo, 27, of breaching the country’s Official Secrets Act, a little-used law from colonial rule.
— Today Online

Media group collecting news in Maungtaw, Rakhine State
A media group, led by Dr. Myo Thant Tin, Vice-chairman of Myanmar Press Council, arrived in Maungtaw Township, Rakhine, yesterday. The group is collecting news about Maungtaw’s restoration efforts.
— Global New Light Of Myanmar

Myanmar confident of economic take-off this year
After nearly two years in power, Myanmar State Counsellor Aung San Suu Kyi and her government face a crucial year ahead. Apart from significant political problems — resolving the troubles in violence-torn Rakhine state and reviving the stalled peace process — the government needs to show dramatically improved performance on the economic front.
— Bangkok Post

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat


MM expressway Phase 1 completed by 2020
Citra Intercity Tollways Inc. (CITI), the joint venture between the Philippine National Construction Corp. (PNCC) and San Miguel Holding Corp. is set to start the construction of Metro Manila Expressway (MME) or Circumferential road 6 (C6) expressway it targets to complete by 2020.

HIV cases rise due to paid sex
Over a hundred more people nationwide are now afflicted with the human immunodeficiency virus (HIV) after engaging in paid sex.
— Philstar

PH’s mobile internet ‘comparable’ to other countries
We write to clarify an important point on the article “Duterte wants telco duopoly broken by March” by Leila Salaverria (12/20/17).
Philippine Daily Inquirer 

See here for more of today’s Philippines Morning News


Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


Japan to make ‘all-out bid’ for KL-Singapore high-speed rail project
Japan is making an “all-out bid” for the Kuala Lumpur-Singapore high-speed rail (HSR) contract to construct Southeast Asia’s largest-ever infrastructure project.
Channel NewsAsia

New insurer Singapore Life acquires Zurich Life Sg and S$6b of coverage
SINGAPORE’S newest life insurer Singapore Life is acquiring the business portfolio of Zurich Life Singapore, the two firms said.
The Business Times 

Singapore to boost climate change defences
Due to its position on the Equator, Singapore may be spared tropical cyclones that last year wreaked havoc in the northern hemisphere.
The Straits Times (paywall)

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


New minimum wage will affect SMEs
As the government is going to increase minimum wage, at least 15 baht higher, as New Year’s gifts for workers and to become effective end of this month, concern is growing among employers that small and medium enterprises (SMEs) will bear the burden.
— Thai PBS

E-business tax targeted to fill coffers
The Revenue Department estimates its annual tax revenue growth will triple to 15% after the e-business tax, a levy on any online transaction that takes place in Thailand regardless of the e-commerce operator’s location, comes into force.
— Bangkok Post

Can the Thai economy ever be Southeast Asia’s front-runner again?
The bright lights have returned to Bangkok’s streets, and many Thais are starting to smile again.
— Nikkei Asian Review (metered paywall)

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


2025 maritime industry and trade development plan approved
Minister of Industry and Trade Tran Tuan Anh has approved a plan to develop Vietnam’s maritime industry and trade to 2025, with a vision to 2035.
— VietnamPlus

$650 million of State-owned coal and mining corp not properly handled
Potential wrongdoings involving VNĐ15 trillion (US$658.5 million) and 6.7 million sq.m of real estate were found with the State-owned coal and mining giant, Vinacomin.
— VietnamNet Bridge

Vietnam’s HDBank becomes latest lender to go public
HDBank listed more than 980 million shares on the Ho Chi Minh City Stock Exchange on Friday, with a reference price of 33,000 dong apiece, giving the lender a valuation of around 32.4 trillion dong ($1.43 billion).
— Nikkei Asian Review

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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