Asean Morning News For March 7

Asean Morning News For March 7

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Is ASEAN Doing Enough to Address Cybersecurity Risks?
Singapore, which chairs ASEAN this year, had made cybersecurity one of its priorities for the group. That makes sense because the entire region is becoming more digitally connected and cybersecurity threats have become more pronounced.
The Diplomat

ASEAN enterprises readying networks for the cloud era
Enterprise networks are being strained by greater use of cloud computing, leading more ASEAN organisations to turn to SD-WAN to reduce network costs and complexity
ComputerWeekly 

Taiwan’s pivot to Southeast Asia
Tsai Ing-wen launched the New Southbound Policy on 5 September, 2016. The New Southbound Policy was meant to “…realign Taiwan’s role in Asian development, seek new directions and momentum for the country’s new stage of economic development, and create future value.”
The Asean Post

Empowering ASEAN: The Two Opportunities from Singapore’s Chairmanship
Earlier this month, the Asean Foreign Ministers’ Retreat was held in Singapore — the first
of its kind this year as the city-state assumed the regional bloc’s chairmanship in 2018.
The Independent Singapore 

Asean top favourite for Chinese tourists
ACCORDING to a report by China Tourism Academy (CTA) and the online travel service Ctrip, six out of 10 Asean member states were considered the top-10 favourite destinations of Chinese tourists in 2017.
Borneo Bulletin 

Asean growth leaning on policy crutch as trade risks rise
South-east Asia’s economies are likely to lean more on fiscal and monetary support in the year ahead. Several developments point to stronger headwinds in the private sector in 2018.
The Straits Times (paywall)

Southeast Asia’s vulnerable migrants pose an economic dilemma
A court case unfolding in Bangkok has focused attention on the lives of migrant workers in Southeast Asia, albeit with an unexpected twist. This time, an employer accused of abuse is suing its former employees.
Nikkei Asian Review (metered paywall)

Asean growth leaning on policy crutch as trade risks rise
South-east Asia’s economies are likely to lean more on fiscal and monetary support in the year ahead.
— The Straits Times

Is ASEAN Doing Enough to Address Cybersecurity Risks?
Considering even just one sector — power — Southeast Asia has myriad cybersecurity challenges.
— The Diplomat

Asean top favourite for Chinese tourists
ACCORDING to a report by China Tourism Academy (CTA) and the online travel service Ctrip, six out of 10 Asean member states were considered the top-10 favourite destinations of Chinese tourists in 2017.
— Borneo Bulletin

Empowering ASEAN: The Two Opportunities from Singapore’s Chairmanship
Earlier this month, the Asean Foreign Ministers’ Retreat was held in Singapore — the first of its kind this year as the city-state assumed the regional bloc’s chairmanship in 2018.
— The Independent

Two templates of Trans-Asian regionalism
THE recent uptick in rivalry between the Trump-Abe supported idea of the “Indo-Pacific” region and the status quo diplomatic circuit popularly embraced as the “Asia-Pacific” merits analysis as to what it means for the future of Asian security.
— New Straits Times

Using mergers to ride the wave of growth
Singapore’s SMEs are attractive targets for multinational corporations and private equity funds seeking to tap into the sizable Asean growth story.
— The Business Times

Southeast Asia’s vulnerable migrants pose an economic dilemma
A court case unfolding in Bangkok has focused attention on the lives of migrant workers in Southeast Asia, albeit with an unexpected twist. This time, an employer accused of abuse is suing its former employees.
— Nikkei Asia Review

SE Asia Stocks-Vietnam bounces back, Singapore snaps five sessions of falls
Vietnam shares jumped 2.5 percent on Tuesday, bouncing back from the previous session’s sharp drop, while Singapore stocks snapped five straight sessions of declines and closed 1.6 percent higher.
— Reuters

Asean growth leaning on policy crutch as trade risks rise
South-east Asia’s economies are likely to lean more on fiscal and monetary support in the year ahead. Several developments point to stronger headwinds in the private sector in 2018.
— The Straits Times

Global Demand for Cosmetic Chemicals Market: to Incur Considerable Upsurge During 2014-2020
The growing beauty products market has been increasing the demand for value-enriched cosmetics. The market is flooded with various cosmetic chemicals.
— Facts Week

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Government denies rumours of national cryptocurrency
Government officials today shot down rumours that Cambodia would be issuing its own national cryptocurrency, despite international media coverage and a high-profile government official’s plan to attend an event organized by the company responsible for the claims.
— The Phnom Penh Post

US sends first soybean shipment to Cambodia
The US sent its first shipment of food-grade soybeans to Cambodia last week, exporting a total of 14 tonnes to both Cambodia and Myanmar to be processed in the receiving countries, according to US media reports.
— The Phnom Penh Post

Over $1.3 B to Invest in Mining and Petroleum Sector in 2019
Suy Sem, Minister of Mines and Energy, said that in the framework of foreign investment flows, the approved investment projects for 2019 in the mining and petroleum sectors are amounted to more than $ 1.3 billion.
— Fresh News

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Indonesia Scraps Energy Regulation Hoping To Attract $50B In Investments
Indonesia has scrapped a total of 186 energy regulations and permit requirements, hoping to make its energy sector more attractive as it seeks to lure as much as US$50 billion in investments to offset the decline in its mature oil and gas fields.
— OilPrice.com

Indonesia’s Medical Equipment Market Value May Reach IDR13.5 Trillion This Year
Indonesia’s medical equipment market in 2018 is estimated to exceed US $1 billion or equivalent to IDR13.5 trillion. However, foreign products still dominate 92 percent of the market, with the remaining market share owned by local products.
— Netral News

Bank Indonesia Must Stabilize Rupiah: Minister Darmin Nasution
Bank Indonesia should take the necessary measures to stabilize the rupiah against the US dollar, Coordinating Minister for Economic Affairs Darmin Nasution remarked. He said Indonesian currency rupiah weakened against the US dollar as market players were responding to economic developments in the United States.
— Tempo.co

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Banpu ordered to compensate TLL 2.6 billion baht by Supreme Court
The Supreme Court on Tuesday (Mar 6) ordered Banpu, one of Asia’s largest coal producers, to pay Thai-Lao Lignite Co (TLL) 1.5 billion baht plus 7.5% interest over Hongsa coal-fired power plant dispute.
Thai PBS

International visitor numbers drop 8.73 percent in 2017
The number of foreign visitors to Laos totalled 3.86 million last year, a drop of 8.73 percent compared to 2016, according to statistics from the Tourist Development Department, Ministry of Information, Culture and Tourism.
Vientiane Times 

Japan Provides Over US$ 277,000 To Support Agriculture
The Japanese government has provided grant assistance worth US$ 277,076 to support importance of agriculture and natural resources management in the Lao PDR.
Lao News Agency

See here for more of today’s Lao Morning News

 

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Continuity Behind Strengthening Singapore-Malaysia Ties
The eighth Singapore-Malaysia Leaders’ Retreat held in Singapore on January 14 and 15 2018 witnessed a milestone in bilateral ties.
— AEC News Today

Malaysia Aims To Secure RM200 Bln Approved Investments In 2018
Malaysia aims to secure RM200 billion in approved investments this year, said Malaysian Investment Development Authority (MIDA) Chief Executive Officer, Datuk Azman Mahmud.
— Malaysian Digest

Palm recovers in cautious trade ahead of industry price forecasts
Malaysian palm oil futures rose on Tuesday, recovering some of the ground lost in the previous three sessions, on the back of a government production forecast that came within expectations.
— Business Recorder

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

Rohingya ‘ethnic cleansing in Myanmar continues’: UN
Myanmar is continuing its “ethnic cleansing” of Rohingya, while claiming it is ready to receive them back from Bangladesh, according to a UN human rights envoy.
Al Jazeera

Coalition: Israel, Myanmar must go on children’s blacklist
A coalition advocating for children caught in conflict is urging Secretary-General Antonio Guterres to put government security forces in Israel, Myanmar and Afghanistan on a U.N. blacklist for killings and other violations of children’s rights.
The Washington Post 

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Measles Makes a Comeback as Philippine Vaccination Rates Plummet
Concerns by Philippine health and science professionals that the disastrous Dengvaxia mass dengue inoculation programme would affect other public health programmes is rapidly coming to fruition, with a measles (locally: tigdas) outbreak the first signs of the blowback.
— AEC News Today

Too many holidays cuts competitiveness
Foreign and local business groups are increasingly concerned of the high number of holidays in the country, saying this is damaging the competitiveness of the country.
— Malaya

PRRD to declare state of calamity in Boracay
President Rodrigo R. Duterte announced on Tuesday, March 6, that he would place Boracay under a state of calamity.
— Philippine News Agency

See here for more of today’s Philippines Morning News

 

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

U.S. sees national security risk from Broadcom’s Qualcomm deal
A U.S. government national security panel has identified potential risks that warrant a full investigation of Singapore-based Broadcom Ltd’s (AVGO.O) $117 billion bid for chipmaker Qualcomm Inc (QCOM.O), a senior U.S. Treasury official said in a letter to the companies on Monday.
Reuters 

Singapore is a global leader in fingerprint biometrics and voice recognition technologies in the financial services sector: Survey
Singapore is a global leader in adopting fingerprint biometrics and voice recognition technologies to authenticate a customer’s identity in the financial services sector, found a recent international study.
Business Insider 

Continuity Behind Strengthening Singapore-Malaysia Ties
The eighth Singapore-Malaysia Leaders’ Retreat held in Singapore on January 14 and 15 2018 witnessed a milestone in bilateral ties.
— AEC News Today

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

Thailand threatens to block global e-commerce websites
The Revenue Department has threatened to block giant foreign e-commerce websites if they do not pay VAT taxes.
— The Nation

Revenue Dept and DBD link databases to ease doing business in Thailand
The Revenue Department is cooperating with the Department of Business Development (DBD) to link financial and tax databases to benefit the nation’s ease of doing business.
— NNT

Cabinet waters down tough punishments for migrants
DESPITE PRIME Minister Prayut Chan-o-cha’s threat to arrest hundreds of thousands of illegal migrant workers, the Cabinet yesterday approved a draft amendment that would lessen punishments.
— The Nation

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Vietnam beer market one of the hottest in the world
Euromonitor, in its latest report, commented that Vietnam will be the next major battlefield for brewers.
— VietnamNet Bridge

Trade ministry begins $158m energy efficiency project
The Ministry of Industry and Trade (MoIT) on Monday launched a US$158 million energy project to help key industries and enterprises with energy saving.
— Bizhub

Vietnam utility places solar plant order with Japan’s JGC
A Vietnamese electricity utility company has entered a deal for Japanese plant engineering company JGC to design and build a 50-megawatt solar power generation plant, JGC’s first to build such a plant overseas.
— 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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