Asean Morning News For May 28

Asean Morning News For May 28

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

8 Points To Understand ASEAN 630 Million Consumers Survey
The trade bloc’s sizeable consumer base is underscored by a young workforce, some 60% of whom are aged below 35.
— Thailand Business News

ASEAN+3 economies enhance connectivity
Economies in the ASEAN+3 region should enhance their connectivity, boost the service sector and develop skilled human resources in order to meet global demand, participants were told during a seminar held in Hà Nội on May 25.
Viet Nam News 

Global warming may have devastating effects on rice
As carbon dioxide rises due to the burning of fossil fuels, rice will lose some of its protein and vitamin content, putting millions of people at risk of malnutrition, scientists warned.
— Mysinchew.com

China Warns 2 American Warships in South China Sea
China’s military announced on Sunday that it had dispatched warships to challenge two United States Navy vessels that sailed through waters in the South China Sea that China claims as its own.
— The New York Times

Is minilateralism the way forward?
The Association of Southeast Asian Nations (ASEAN) has stood strong for the past 50 years but in order to continue remaining relevant it must adapt to changes in the geopolitical environment.
— The Asean Post

Green growth strategies in Southeast Asia
Across the globe, the paths of economic growth and development are on an unsustainable trajectory, risking the natural assets and environmental services upon which long-term economic growth and human well-being are dependent on.
— The Asean Post

NO FREE RIDE FOR SINGAPORE’S GRAB AFTER UBER EXITS SOUTHEAST ASIA
Just when it appeared Grab would have a wide-open road in Southeast Asia, the Singapore-based ride-hailing firm is now facing a new regional competitor and potential roadblocks from antitrust regulators.
— South China Morning Post

For urban asylum seekers, uncertainty is the certainty
Waiting, perhaps for something, perhaps for nothing much, perhaps tomorrow, or perhaps never. Being in a permanent state of uncertainty may well be what life is for many urban asylum seekers in Bangkok and other cities in Southeast Asia.
— Bangkok Post

Finding top talent, retaining middle-level staff remain key challenges for PE in SE Asia
As private equity investments in Southeast Asia see a record surge in size fueling the need for investment professionals in the space, talent acquisition at senior levels and retention of mid- level professionals remain biggest challenges facing these entities, according to a regional boutique industry-focused executive search firm.
— Deal Street Asia

ASEAN to beef up power grid
MORE work is needed for ASEAN’s power grid to be connected to enhance cross-border electricity trade, officials and experts from energy sectors have agreed at the ASEAN Power Grid Summit held last week.
— PNG (Media release)

Exclusive: Prestellar Ventures plans micro funds for South and Southeast Asia
With its plans to expand into South and Southeast Asia, Singapore-based private equity firm Prestellar Ventures is looking at launching country-specific micro-funds in the region.
DealStreetAsia 

INZBC SIGNS LANDMARK AGREEMENT WITH ASEAN NZ COUNCIL
The India New Zealand Business Council (INZBC) signed a landmark agreement with the ASEAN New Zealand Business Council at an event in Auckland on Friday, May 25.
Indian Weekender 

ASEAN, Canada Discuss Point –Of-Entry Preparedness Against Health Risks
The Association of Southeast Asian Nations (ASEAN) and Canada’s Global Partnership Programme (GPP) have been working together towards strengthening health security in the region.
Lao News Agency 

 

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Cambodia’s Hun Sen Slams Cabinet Member For Contradicting Official Line on Poisoning Deaths
Cambodian prime minister Hun Sen blasted a member of his cabinet on Friday for saying that cyanide run-off from Chinese-operated gold mines had caused the deaths of villagers recently poisoned by local water sources.
— Radio Free Asia

Council of Ministers approves two new energy projects
The Council of Ministers approved on Friday two new energy projects.
— Khmer Times

British man beaten by 10 Chinese in Cambodia for having ‘Taiwan’ tattooed on his forehead
A British man was savagely beaten by nearly a dozen Chinese men in a small city in Cambodia when they discovered he had “Taiwan” tattooed on his forehead and he refused to recognize their claim that the country is part of China.
— Taiwan News

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

RI leads Muslim world in pursuit of halal vaccines
Indonesia is stepping up its game in vaccine manufacturing after the Organization of Islamic Cooperation (OIC) named the country “the center of excellence” in vaccine supply and production.
— The Jakarta Post

Shopee Draws Free Homecoming Ticket for Minimum Transaction Rp90K
E-commerce platform Shopee will draw free homecoming tickets for both sellers and buyers with a minimum transaction of Rp90,000 in a period of May 21-June 3, 2018.
— Tempo.co

KPU seals plan to ban graft convicts from running in election
Despite the ongoing controversy over the General Elections Commission’s (KPU) plan to prohibit former corruption convicts from running in legislative elections, the commission has been firm on issuing the regulation.
— 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

 

Govt ramps up revenue collection
Government sectors have been told to step up efforts to fill the government’s coffers in the third and fourth quarters of 2018 after a shortfall in revenue collection was recorded for the year so far.
Vientiane Times 

Tourism to boost growth in Lao PDR
Over the past five years, tourism in Lao PDR has been slowly on the rise. The land-locked country may not boast paradisiacal beaches like its neighbors Malaysia or Indonesia nor does it have a skyline similar to Singapore, but Lao PDR does have its own unique beauty that’s unlike the rest of the region.
The Asean Post

Laos to sign MoU with local, Chinese firms to build expressway to south
The Lao government will sign a Memorandum of Understanding (MoU) with four construction companies from Laos and China to carry out a survey, feasibility study and detailed design of the Vientiane-Pakxe Expressway.
Xinhua Net 

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Rosie’s Billion Ringgit Bank Accounts
Sarawak Report has been warned Malaysians should be prepared for the discovery that the vast sum of money found at Najib’s property in the KL Pavillion building (RM114) was merely petty, housekeeping cash, compared to what the lady of the house was storing in her various bank accounts over the years.
— Sarawak Report

Malaysia Set To Scrap Showcase Infrastructure Projects
The new Malaysian government under Prime Minister Mahathir Mohamad is looking for ways to get out of obligations to pay for multi-billion dollar infrastructure projects initiated during the term of former prime minister Najib Razak.
— Investvine

Markets to stabilise with clarity in policies
Multiple factors are affecting the markets but the recent outflow of foreign funds from stocks has raised concerns from many quarters.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat

 

WB Predicts Myanmar Growth at 6.7 Percent
Given the government’s efforts to accelerate reforms and to modernize the financial sector, Myanmar’s economy is projected to increase to 6.7% next year, according to Ellen Goldstein, World Bank director for Myanmar, Cambodia, and Laos.
Financial Tribune 

China’s $7.5bn Myanmar port ‘crazy,’ Suu Kyi adviser says
Myanmar, rather understandably, seems to be baulking at a proposed $7.5bn price tag for a new deepsea port to be built by the Chinese.
The Load Star 

Ethnic Chin refugees unsafe in Myanmar, unprotected in India
The Rohingya crisis in Myanmar has made headlines worldwide, but the Rohingya are not the only minority being persecuted.
Al Jazeera

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Philippines to raise $2 B from foreign borrowings
The Philippine government plans to raise about $2 billion more this year through the sale of offshore commercial bonds, including samurai and global bonds, according to the Bureau of the Treasury (BTr).
— Philippines Magazine

The Philippines is starting over with a new $14B “pollution-free” city
Bidding has began for companies interested in conducting the design, building, financing, or operations of the Philippines’ new city.
— The Real Deal

Loans to small firms surge to P4.6B in 2017
LOANS GRANTED to small-scale firms surged in 2017 as the central bank relaxed rules on pricing risks and as more credit surety fund (CSF) groups were created during the year.
— BusinessWorld Online

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

 

Government to provide premium subsidies for enhanced severe disability insurance scheme
Singaporeans will receive premium subsidies for an enhanced ElderShield scheme that is expected to be implemented in 2020.
Channel NewsAsia 

Jaguar Owner Finds Out How Tough Singapore Road Rules Are (HD video)
he strict conformity rules under which Singaporeans live is no secret. The city-state stands head and shoulders above the rest of its Asean fellows when it comes to compliance with rules and regulations, and Singapore road rules are no different. Miscreants are not tolerated lightly and strict penalties face those who break them.
AEC News Today (video)

Straits Times responds after 1MDB whistleblower Xavier Justo alleges 2015 interview was scripted
The Straits Times on Sunday (May 27) responded to a report in The Edge Malaysia which claimed that an interview given to it by whistleblower Xavier Justo was scripted.
Channel NewsAsia 

See here for more of today’s Singapore Morning News

 

Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ

 

DPM Somkid content with 4.8% GDP growth in first quarter
Deputy Prime Minister Somkid Jatusripitak says the 4.8% GDP growth in the first three months of 2018 reflects the overall economic improvement.
— NNT

Thai Government monitoring online information
Security agencies are monitoring false, distorted, and fabricated reports online in a bid to maintain national security.
— News Today (video)

Cops eye traffic offences points system
Police are hoping to introduce a penalty point system to deal with traffic offences as part of an effort to improve road safety in the country.
— Bangkok Post

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Watch Unarmed HCMC ‘Fists of Steel’ Cops Deal With Armed Perps (HD video)
The athletic capabilities of Vietnamese police are not in doubt. Last July we brought you video of the gravity-defying Vietnam Mobile Police Swat team using bamboo poles to walk their way up the outside of buildings in Hanoi.
— AEC News Today (video)

​Vietnam’s airlines blame high jet fuel price for pricey airfare
No Vietnamese air carriers were able to make it to the world’s top 50 cheapest airlines, with industry insiders saying they have the domestic high jet fuel prices to blame for their inability to offer really reasonable tickets.
— Tuoi Tre

Local stocks set to continue falling this week
Vietnamese stocks are forecast to stay on a downward trend this week due to caution among investors and accelerated selling pressure from foreigners, analysts said.
— Viet Nam News

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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