Asean morning news for November 14

Asean morning news for November 14

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

 World’s largest trade deal pushed back; ministers at odds over terms
A China-backed bid to complete the world’s largest trade deal—without the United States—was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit.
— Manilastandard.net

China Plans Free Trade Zone In The Golden Triangle
China is looking to establish a free trade zone at the section of the Mekong where the river forms the border between Myanmar and Laos in the Golden Triangle, stretching from China’s southern Yunnan province across Laos to Thailand, Nikkei Asian Revue reported.
— Investvine

ASEAN inks first e-commerce agreement
Economic ministers from the Association of Southeast Asian Nations (ASEAN) signed an agreement to facilitate cross-border e-commerce transactions within the region.
— News Today (video)

Myanmar’s ASEAN neighbors to call for ‘accountability’ in Rakhine crisis
Southeast Asian nations will call for those responsible for atrocities in Myanmar’s Rakhine state to be held “fully accountable”, according to a statement prepared for a regional summit, reflecting a stronger line being taken within the group.
— Thai PBS World

Thailand ‘seeks delay’ in Asean Summit next year
THAILAND has proposed to host the first Asean Summit of the year in June instead of April when Bangkok chairs the group in 2019, as the country is worried about a delay in the next general election, sources said yesterday.
— The Nation

Chinese Premier Li says hopes for South China Sea code in three years
China’s Premier Li Keqiang said on Tuesday that Beijing hoped a consultation with Southeast Asian nations on a code of conduct in the disputed South China Sea would be completed in three years, and that such an deal would be conducive for free trade.
— Nikkei Asian Review (paywall)

Economic cooperation the flagship outcome for China-ASEAN relations: expert
‍During the past 15 years, China has enjoyed great relations with ASEAN countries in many fields, where economic cooperation is the flagship outcome, according to Wang Peng, an associate research fellow at the Chongyang Institute for Financial Studies at Renmin University of China.
— CGTN (media release) (video)

South China Sea dispute: An end in sight?
The South China Sea dispute would be one of the more pertinent priorities on the minds of diplomats as they head to Singapore for the 33rd ASEAN Summit and other related meetings.
The Asean Post

Not time for ASEAN countries to adopt trade protectionist measures: Mahathir
ASEAN countries should engage in multilateral dialogues to resolve trade issues instead of adopting inward-looking protectionist measures, said Malaysian Prime Minister Mahathir Mohamad during his keynote address at the ASEAN Business and Investment Summit on Tuesday (Nov 13).
— Channel NewsAsia

New chapter opens for ASEAN-China partnership
The year 2018 has been marked by many milestones, including the start of ASEAN’s second 50 years as a successful regional organization.
— The Jakarta Post

Prayut pledges to push for connectivity when Thailand takes over Asean chair next year
Thai Prime Minister Prayut Chan-o-cha vowed yesterday to push for connectivity among Asean members to strengthen business and investments when Thailand takes over as Asean’s chair next year.
— The Straits Times

Indonesia urges ASEAN economic community to adapt to industry 4.0
Indonesian Trade Minister Enggartiasto Lukita urged members of the ASEAN Economic Community to adapt to the demands of Industry 4.0 to make them remain competitive and not left behind by other countries.
— Antara News

Leveraging infrastructure opportunities in South-east Asia
INFRASTRUCTURE Asia, an organisation set up by Enterprise Singapore and the Monetary Authority of Singapore, aims to support Asia’s economic and social growth through infrastructure development.
— The Business Times

ASEAN seeks stronger cyber, intelligence cooperation
Countries of the Association of Southeast Asian Nations (ASEAN) on Tuesday discussed strengthening cybersecurity and intelligence security cooperation at the ASEAN Political Security Community (APSC) council meeting in Singapore.
— Anadolu Agency

Millions of Small Asian Farmers Miss Out on Seeds Resilient to Climate Change: Study
Millions of smallholder farmers in South and Southeast Asia are missing out on new, resilient seeds that could improve their yields in the face of climate change, according to an index published on Monday.
— The Irrawaddy

Netflix doubles down on Asian content for 2019
At Netflix’ “See What’s Next: Asia” event in Singapore, the first ever in the region, it announced these titles as part of a project to compile over 100 original productions from eight selected countries in Asia for 2019.
— The Jakarta Post

Fake drugs could kill the dream of a malaria-free Asia Pacific
The dream of an Asia Pacific region free of malaria is within our grasp as steady progress brings most countries in the region to the brink of elimination.
— Khmer Times

Asean concludes accord on services
Southeast Asian Nations have concluded a landmark agreement on bolstering trade in services in the region, including commitments to reduce discriminatory regulatory barriers and creating a more transparent regime for the services suppliers in the 10 member-state regional bloc.
— Business Mirror

ASEAN’s poor mobile internet connectivity
Industry 4.0, also known as the Fourth Industrial Revolution, is not only inevitable but is already upon us.
— The Asean Post

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov

 

Bank loan portfolios set to be at least 10% in local currency
Cambodian commercial banks are showing a stronger preference to provide riel loans to microfinance institutions (MFI) as they rush to increase the share of local currency in their loan portfolio to at least 10 per cent by the end of next year.
— Phnom Penh Post

Rice exports continue to fall
Cambodia’s rice export fell 13.20 percent in the first ten months of 2018 due to two factors, the European Union stopped buying Cambodian rice and the 300,000 tonnes quota to China was not fulfilled, said Kann Kunthy, vice president and managing director of Amru Rice Cambodia.
— Khmer Times

Blue Circle to add wind power to Cambodia’s energy production
Energy security is Cambodia’s next burning challenge. But Blue Circle Chief Executive Officer Olivier Duguet has a novel solution to fix energy security woes in Cambodia.
— Phnom Penh Post

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Indonesia says situation facing crew of doomed Lion Air jet not in flight manual
Indonesian investigators said on Monday more training was needed for Boeing 737 MAX pilots after discovering the situation believed to have faced the crew of a doomed Lion Air jet was not contained in the aircraft’s flight manual.
— Reuters

Indonesia claims to secure 20 year-low unemployment rate
Indonesia Finance Minister Sri Mulyani Indrawati claimed that the nation has achieved 20 year-low unemployment rate at 5.13 percent that in line with stable high economic growth rate at 5 percent.
— Xinhua

Indonesia to sign agreement to sell planes, locomotives to Africa
Aircraft manufacturer PT Dirgantara Indonesia (PTDI) will sign purchase and sale agreements with Senegal and Côte d’Ivoire for the procurement of two planes with total transaction value around US$ 75 million, the Foreign Ministry has said.
— The Jakarta Post

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by Mark Roy         @electricnerve

 

HIV/AIDS prevention, treatment targeted in US$1 million campaign
The Aids Health Care Foundation (AHF) is allocating over US$1 million to support the prevention and treatment of HIV/AIDS/STI in three target regions of Laos.
— Vientiane Times

Runoff from railway project pollutes river in Lao tourist destination
The Lao-Chinese railway project has released polluted water from construction work into the Xong River in Vientiane province’s Vang Vieng district, one of the most popular destinations in the country for tourists, an local resident and an environmental official told RFA’s Lao Service.
— Radio Free Asia

Transnational organised crime a challenge for Laos and Mekong region: UNODC
While all Mekong nations are impacted by illicit trafficking, Laos is the only state sharing a land border with all the countries in the sub-region, which makes it more vulnerable to transnational crime.
— Vientiane Times

See here for more of today’s Lao morning news

 

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

SME non-performing loans in Malaysia among world’s highest
The ratio of on-performing loans (NPLs) among local SME entrepreneurs is among the world’s highest, according to Entrepreneur Development Minister Mohd Redzuan Yusof.
— Malaysiakini

Petroleum sales tax to add RM3.897 billion to Sarawak’s revenue
The new sales tax on petroleum products will enable Sarawak to collect an additional revenue of RM3.897 billion or 37 per cent of the total estimated revenue of RM10.513 billion next year.
— New Straits Times

Not so easy to enforce, collect digital tax, says expert
A tax expert said today there are several unanswered questions regarding the government’s proposed digital tax and that Putrajaya will have to streamline its collection mechanism to make it work.
— FMT

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by Mark Roy         @electricnerve

 

Aung San Suu Kyi stance on Rohingya ‘indefensible’: Malaysia PM
Daw Aung San Suu Kyi’s response to the persecution of Myanmar’s Rohingya Muslims is “indefensible”, Malaysia’s leader said Tuesday in a withering criticism of the Nobel Peace Prize laureate shortly before sharing a stage with her.
— Frontier Myanmar

Myanmar defiant as Amnesty pulls Aung San Suu Kyi award
Myanmar authorities and citizens leapt to the defence of Daw Aung San Suu Kyi Tuesday after Amnesty International stripped her of its top award over indifference to atrocities committed against Rohingya Muslims, doubling down on support for the civilian leader in the face of global ire.
— Frontier Myanmar

Government seeks parliament nod on forming new ministry
President U Win Myint on Tuesday informed the Pyidaungsu Hluttaw (bicameral parliament) about a plan to establish a Ministry of Investment and Foreign Economic Relations to oversee overseas assistance.
— Myanmar Times

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Fiscal deficit widens by 78% in 9 months
The national government’s fiscal deficit widened by 78 percent to P378.2 billion in the nine months to September, already accounting for three percent of the country’s gross domestic product.
— The Philippine Star

Sandiganbayan orders Imelda Marcos’ arrest for graft raps
The Sandiganbayan on Tuesday issued an arrest warrant against former First Lady and now Ilocos Norte 2nd District Rep. Imelda Marcos following her conviction for seven counts of graft last week.
— Philippine News Agency

Govt tax effort hits 15.2% in Jan-Sept
The government’s tax effort climbed in the first nine months of 2018 on the back of a double-digit expansion in tax revenue, the Finance department reported on Tuesday.
— The Manila Times

See here for more of today’s Philippines morning news

 

Singapore morning newsSingapore morning news

Compiled by Mark Roy         @electricnerve

 

Facebook refuses to remove PM article, saying it has no policy prohibiting alleged falsehoods
Facebook has said it does not have a policy that prohibits alleged fake news, after calls to remove a post making allegations against Prime Minister Lee Hsien Loong and the Government in relation to the 1Malaysia Development Berhad (1MDB) scandal.
— Straits Times

Asean-led free trade deal pushed back to 2019
An Asean-led bid to complete the world’s largest trade deal – without the United States – was pushed back to 2019 after Asia-Pacific trade ministers failed to agree on key terms at a Singapore summit.
— Straits Times

LTA impounds e-scooters from PMD-sharing operators for flouting regulations
A total of 42 personal mobility devices (PMD) from three PMD-sharing operators have been impounded by the Land Transport Authority (LTA) for flouting the Parking Places Act after they were found available for hire at public spaces.
— Today Singapore

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

Child boxer dies after fight
A 13-year-old boy has died after suffering a brain haemorrhage during a Muay Thai fight on Monday night.
— The Phuket News

PM Prayut pushes for greater ASEAN connectivity
Prime Minister Prayut Chan-o-cha today pledged to push for greater connectivity to strengthen business and investments in ASEAN when Thailand assumes the chairmanship of the regional grouping next year.
— Thai PBS World

Thailand ‘seeks delay’ in Asean Summit next year
THAILAND has proposed to host the first Asean Summit of the year in June instead of April when Bangkok chairs the group in 2019, as the country is worried about a delay in the next general election, sources said yesterday.
— The Nation

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Vietnam’s New Bamboo Airways Can Finally Take Off
Vietnam’s Ministry of Transport on November 12 officially granted an aviation business license to Bamboo Airways, the latest airline in the country to take to the skies. The airline now plans to make its maiden flight before the end of this year.
— Investvine

New aviation decree to ease burden for firms
A Governmental decree drafted by the transport ministry to simplify business conditions for potential investors in the aviation sector has been sent to Prime Minister Nguyen Xuan Phuc for approval.
— Bizhub

VN maintains tariffs on steel imports
Viet Nam’s Ministry of Industry and Trade (MoIT) on Monday released a decision to maintain anti-dumping duties on H-shaped and coated steel products imported from China and the Republic of Korea.
— VietNamNet Bridge

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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