Asean Morning News For June 12

Asean Morning News For June 12

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Increased Military Spending Does Not Portend Asean Arms Race
Southeast Asian countries’ historically high defence budgets are the sum of various national considerations: financial self-sufficiency, territorial control, expansion of capabilities, peacetime missions and the development of the local defence industry. The threat of China plays a limited role.
AEC News Today

EZECOM enters alliance with LXT Networks
Cambodia’s largest operator EZECOM has entered a strategic partnership with intra-ASEAN wholesale provider LXT Networks to offer a combined connectivity solution which will bridge Cambodia, Laos, Myanmar, Vietnam and Thailand.
Telecomeasia.net 

Bad scorecards for ASEAN nations in the World Competitiveness Rankings
The International Institute for Management Development (IMD) has once again conducted its annual ranking. 2018 marks the 30th edition of the World Competitiveness Ranking.
The Asean Post 

An Environmental Report Card for Southeast Asia
As school semesters come to a close across Southeast Asia, and teachers begin calculating final scores, another type of assessment is called for: an environmental report card for the region.
The Diplomat (paywall)

Huawei and partners pave way for Asia-Pacific digitalization
Nearly 300 attendees were present on Huawei’s fourth Asia-Pacific Innovation Day with hopes to explore Asia-Pacific’s future in Digital Infrastructure, Economy and Ecosystem in Siam Kempinski Hotel, Bangkok.
Eleven Myanmar 

Upcoming Energy & Infrastructure Projects in India and South East Asia
India is on the verge to witness a major transformation not only in terms of its social stature but in economic repute too.
Exclusive Reportage

Tourism seen spurring infra, boosting livelihoods
THE tourism industry will serve as a key driver for Asean countries to increase their investments in infrastructure and improve the living standards of people within the region, said Wouter Schalken, senior tourism specialist of the World Bank Group.
— The Nation (annoying pop-ups)

Saving the planet, making profit: a ‘nexus’ approach
Asean has put together an ambitious sustainable development agenda with its 2025 community vision. It has also played an important role in shaping the United Nations 2020 Sustainable Development Goals (SDGs) Agenda.
— Bangkok Post

Southeast Asia’s choice: what the Singapore summit means for the region
The world’s collective gaze is fixed on Singapore this week, eager to see the outcome of US President Donald Trump’s historic meeting with North Korea’s Supreme Leader Kim Jong-un.
— Southeast Asia Globe

Executives call for use of local currencies at borders
Business leaders from the lower Mekong River are calling for their governments to use local currencies for border region trade to facilitate transactions and reduce exchange costs.
— Bangkok Post

US pork exports to Asean up 20%
US pork exports to Asean rose 20% in volume and 31% in value in the first four months of 2018, data from the US Meat Export Federation showed.
— Asian Agribiz

ASEAN Inc’s Chiefs prove the case for mindful leadership at HR Talk Show 2018
Over 40 CXOs and 500 top HR leaders in ASEAN distill insights into the power of mindfulness to achieve high dividend yields and employee well-being in today’s tumultuous age of speed.
— openPR (media release)

Potential for Asean to ride on China’s Belt and Road Initiative
THE Association of Southeast Asian Nations or Asean has been in existence for just over 50 years. It is the seventh largest market in the world and is made up of 10 countries.
— Digital News Asia

Unicorns of ASEAN: Lazada
When the region’s internet penetration rate started to grow in the mid-2000s, many users in Southeast Asia started yearning for their very own “Amazon”, an e-commerce site where they could simply place an order online and have their goods delivered to their doorstep.
— The Asean Post

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

China-funded road section opened in Cambodia
Cambodia on Monday inaugurated a 251-kilometer section of the China-funded national road No.6 from southeastern Kampong Cham province to northwestern Siem Reap province.
— Global Times

Civil society groups slam gov’t web-monitor group
Some 116 organisations and associations have urged Cambodian officials to dismantle the new inter-ministry working group that was recently set up to monitor social networking sites, claiming it is an “abuse on the rights and freedom of expression via the internet”.
— The Phnom Penh Post

Prime Minister unveils plan for new road along Thai border
The government yesterday announced its intention to pitch a new project to China that would consist of a road along the border with Thailand connecting the provinces of Pailin and Koh Kong.
— Khmer Times

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Indonesia applies anti-dumping duties on VN steel
The Indonesian Anti-Dumping Committee (KADI) has announced the application of anti-dumping measures on colour-coated steel sheet imports from Việt Nam and China.
— Viet Nam News

Net1 Indonesia launches 4G in tourist hotspots
Indonesian 4G-based mobile broadband provider Net1 Indonesia has expanded availability to 10 tourism destinations across the country.
— Telecomasia.net

Wanted: 6,000 new journals to publish 150,000 papers
In its race to beat Singapore and Malaysia in academic paper quantity, Indonesia is pushing scholars to write more, threatening some of them with allowance cuts if they fail to comply.
— 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

 

First Approval Certification For Money And Cryptocurrency Transactions in Laos
Vientiane Exchange Money will become the first international currency exchange provider that has been certified to allow cryptocurrency transactions.
Cointelegraph

New scheme brings business on board in battle against malnutrition
Laos launched a new nutrition network last Thursday, aiming to ensure food security and reduce levels of malnutrition.
Vientiane Times 

Drunk driving leading cause of road fatalities in Laos
Over 400 people were killed in road accidents across the country in the first four months of this year, with most crashes attributed to drunk driving.
Xinhua Net 

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Malaysia’s PM Mahathir may stay on beyond 2 years, harbours ambition for new national car project
Dr Mahathir Mohamad said on Monday (Jun 11) that he is prepared to stay on as Malaysian Prime Minister beyond two years if that was what the public wanted, signalling a possible change in his original stance that he would only be the interim prime minister for up to two years.
— Channel NewsAsia

Mahathir Dreams Of New National Car For Malaysia
To the surprise of many, Malaysian Prime Minister Mahathir Mohamad said on June 11 that he aims to have a new national car company, given that Chinese automaker Geely has acquired a stake in Proton.
— Investvine

Malaysian King offers to reduce his allowance by 10% due to concern for economy
Malaysia’s King, Sultan Muhammad V of Kelantan, has offered to reduce his allowance and emoluments by 10 per cent until the end of his five-year reign ends in 2021.
— The Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Army-backed fourth telecom provider launched in Myanmar
Myanmar’s fourth telecom operator, under the brand of Mytel, officially launched its services in the country on June 9 and offers 80 per cent of 2G and 4G network coverage across Myanmar, local media reported.
Investvine 

Myanmar builds US$20.9 M worth offshore fixed pilot station
Myanmar is building a US$20.9 million worth offshore fixed pilot station, according to Myanma Port Authority (MPA).
Eleven Myanmar

New national agriculture strategy to drive growth, if properly implemented
The Ministry of Agriculture, Livestock and Irrigation (MOALI), with the help of Asia Development Bank (ADB), United Nations Food and Agricultural Organisation (FAO) and Livelihoods and Food Security Trust Fund last Friday launched Myanmar’s Agriculture Development Strategy (ADS) for the next five years.
The Myanmar Times

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Rizal Park Job Fair to Offer 30,000 Jobs For Filipinos
A job fair at Rizal Park, Manila tomorrow, June 12, has the potential to dramatically improve the lives of hundreds of thousands of people, with more than 30,000 jobs on offer… most of them in the Philippines.
— AEC News Today (video)

ADB has $7.9-billion lending pipeline for Philippines
The Asian Development Bank (ADB) has a $7.915 -billion lending pipeline for infrastructure and other long-term investments in the country from 2018 to 2021, the National Economic and Development Authority (NEDA) said yesterday.
— Philippine Star

Rediscount borrowings climb to P1.266 billion
BANKS SECURED bigger loans under the central bank’s peso rediscount window in May to fund more commercial lending and asset purchases at a time of higher borrowing costs.
— BusinessWorld Online

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Singapore rallied to fifth spot as world’s largest foreign investment hub
In 2017, Singapore received $82.74b (US$62b) of foreign direct investment, snagging the fifth spot in the world’s top 20 foreign direct investment hubs, the 2018 World Investment Report of the United Nations Conference on Trade and Development (UNCTAD) revealed.
Singapore Business Review

S$180m in MediSave top-ups for Pioneer Generation in 2018
About S$180 million in Medisave top-ups will be disbursed to eligible seniors this year, as part of the Pioneer Generation Package, the Ministry of Finance (MOF) announced on Monday (Jun 11).
Channel NewsAsia 

EXCLUSIVE – Key technology trends discussed at Singapore OpenGov Leadership Forum 2018
On 17 May 2018, the Singapore OpenGov Leadership Forum 2018 gathered around 400 government officials and senior technology executives from across the Singapore Government to discuss the opportunities and challenges of digital transformation.
Open Gov Asia 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Key airports’ passengers to hit 200m, says Arkhom
Don Mueang, Suvarnabhumi and U-Tapao airports will have a collective capacity to handle up to 200 million passengers a year when each of their development plans are complete, Transport Minister Arkhom Termpittayapaisith said Monday.
— Bangkok Post (annoying popups)

Revenue of state firms outperforms
State enterprises contributed 25% more income than targeted during the eight months through May, says the chief of the State Enterprise Policy Office (Sepo).
— Bangkok Post

Thailand first Asian country signing protocol to prevent forced labor
Thailand’s ratification of an international protocol to prevent and eliminate force labor reflects Thailand’s intention to improve labor standards, the country’s government said.
— Undercurrent News

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Vietnam’s top legislature agrees to delay approval of special economic zone law
Vietnam’s National Assembly, the country’s top legislature, agreed on Monday not to adopt the draft Law on Special Administrative and Economic Units of Van Don, Bac Van Phong, and Phu Quoc at its ongoing fifth session.
— Xinhua

China warns citizens in Vietnam after protests fuel anti-Chinese sentiment
China has warned its citizens in Vietnam after protesters clashed with police over a government plan to create new economic zones for foreign investment that has fuelled anti-Chinese sentiment in the country.
— ABC

Heat on Vietnam car barriers rises
The commerce and industry ministries are escalating demands that the Vietnamese government eliminate non-tariff barriers on cars imported from Thailand, as Thai car shipments to Vietnam have stalled for over six months.
— Bangkok Post

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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