Asean morning news for November 2

Asean morning news for November 2

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Asean minimum wages: ‘Measly’ pay rise sees Filipinos’ wages continue to shrink (video)
A Philippine labour group which last Thursday slammed a proposed PHP20 (about US$0.37) daily minimum wage increase for workers in Metro Manila as “demeaning” and out of step with rising inflation, yesterday called for Philippine President Rodrigo Duterte to intercede.
— AEC News Today

US Navy pushes Asean sea code
The United States Navy is pushing for the Code of Conduct between Southeast Asian countries and China to prevent any miscalculations in the South China Sea.
— The Manila Times

Prospects for Asean insurance markets robust, says Moody’s report
Growth prospects for insurance in six major Asean markets are supported by strong socio-economic fundamentals, but the pace and quality of growth will vary by geography, Moody’s Investors Service says.
— The Star Online

China, ASEAN to join hands to crack down on ‘China impersonation’ phone scams
Telephone scams that target victims across the region may soon be a thing of the past, as China looks set to join hands with ASEAN to run joint operations targeting these syndicates.
— Channel NewsAsia

Rohingya refugee crisis pushes ASEAN to the edge
As Myanmar and Bangladesh limp toward implementing a bilateral agreement to repatriate hundreds of thousands of Muslim Rohingya refugees, the Association of Southeast Asian Nations is deadlocked on how to respond to the region’s greatest humanitarian crisis in a generation.
— Asia Times

Southeast Asia’s renewables held back by policy inaction: IRENA
Southeast Asia is a potential hotspot for renewable energy, yet the region has not met expectations because it lacks policy frameworks that would encourage investment, the International Renewable Energy Agency (IRENA) told Reuters.
— Reuters

The New US Hard Line Toward China Is Worrying Southeast Asia
Analysts are feverishly debating whether the United States and China are on the brink of a modern version of their own “Cold War.”
— The Diplomat

Southeast Asia’s Populism Is Different but Also Dangerous
While populism is sweeping through Europe, North America, and now Brazil, it is also making gains in Southeast Asia.
— Council on Foreign Relations (blog)

Biodiversity linked to health – ASEAN
The Association of Southeast Asian Nations (ASEAN) is geared towards formulating strategies that would integrate biodiversity conservation in the health sector.
— Manila Bulletin

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov

 

Moody’s warns about impact of ‘shift in political relations’
The government’s plan to take a new $2 billion loan for next year’s budget will increase the debt burden to 31.5 per cent of the GDP next year, an analyst from credit rating agency Moody’s said, adding that it remained at a moderate level compared to other sovereigns.
– Phnom Penh Post

Aust refers Cambodia threat to authorities
The federal government has confronted Cambodia over allegations of threats made against the Khmer diaspora and possible meddling in Australian affairs after Prime Minister Hun Sen returned his country to a one party state at elections in July.
– www.news.com.au

Kingdom sees 69 factories open
Cambodia’s garment industry saw 69 new factories open in the first nine months of this year. But 32 others closed during the period, said a Ministry of Industry and Handicraft report.
– Phnom Penh Post

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Basarnas collects 65 bags of bodies of ill-fated plane passengers
The Chief of the National Search and Rescue Agency (Basarnas), M Syaugi, said here on Thursday that a total of 65 bags of bodies had been collected following the crash of Lion Air JT 610 plane in Karawang four days ago.
— Antara News

Indonesia slides to 73rd place in 2019 EODB index
Indonesia has moved down one place to 73rd in the World Bank’s Ease of Doing Business Index for 2019.
— The Jakarta Post

Black box from crashed Indonesian jet retrieved from debris on sea floor
Indonesian divers on Thursday retrieved a black box from a Lion Air passenger jet that crashed into the shallow sea off the coast of the capital, Jakarta, killing all 189 people onboard.
– Reuters

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by           @Maria Rasonable

 

World Bank supports improvement of business environment in Laos
Lao companies and households will benefit from reforms to the business environment, for instance reducing the number of days needed to start a business, through the Lao PDR Competitiveness and Trade Project.
— Vientiane Times

U.S. Hands Over Technology, Equipment to Anti-Money Laundering Intelligence Office Of Lao PDR
On November 1, 2018 the United States government formally handed over information technology and equipment to senior officials in the Anti-Money Laundering Intelligence Office (AMLIO) of the Lao PDR.
— Lao News Agency

Phu Bia Mining Helps COPE
The donation – part of the company’s ongoing commitment to investing in Laos’ social development – will assist COPE deliver programmes that help people with mobility-related disabilities access physical rehabilitation services.
— Lao News Agency

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

Malaysia climbs to 15th spot in World Bank Doing Business 2019 Report
Malaysia had climbed up to the 15th position in the World Bank Doing Business 2019 Report from its 24th position the year before.
— New Straits Times

Malaysia prepares austerity budget amid strains on fiscal deficit
MALAYSIA’S new government is set to deliver an austerity flavoured first budget on Friday, having unearthed more debt left behind by the previous administration, and needing extra revenue after ditching an unpopular consumption tax.
— Business Times

Malaysia’s October Manufacturing PMI drops to 49.2
The headline Nikkei Malaysia Manufacturing Purchasing Managers’ (PMI) — a composite single-figure indicator of manufacturing performance — dipped below the 50.0 no-change mark in October to 49.2 (from 51.5 in September) for the first time since July, signalling worse business conditions than in the previous month.
— The Edge Markets

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by           @Maria Rasonable

 

Myanmar Fails to Advance in World Bank’s Ease of Doing Business List
Myanmar showed no improvement in its overall ranking in the World Bank’s latest ease of doing business index, retaining the No. 171 spot it held last year—and remaining the least favorable ASEAN member country in which to conduct business.
— The Irrawaddy

First high-rise steel office tower to be complete in 2020
Local property developer Mottama Holdings yesterday held a topping out ceremony for its project, M Tower, which is the first high-rise steel-structured office building in Myanmar.
— Myanmar Times

Myanmar reacts with EU’s probable trade sanctions
Myanmar’s biggest business organization has called on the European Union (EU) to deliberate on intended trade sanctions on the country, expecting a balanced assessment with the issue after meeting with representatives from all sectors.
— Xinhuanet

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Asean minimum wages: ‘Measly’ pay rise sees Filipinos’ wages continue to shrink (video)
A Philippine labour group which last Thursday slammed a proposed PHP20 (about US$0.37) daily minimum wage increase for workers in Metro Manila as “demeaning” and out of step with rising inflation, yesterday called for Philippine President Rodrigo Duterte to intercede.
— AEC News Today

Unstoppable inflation sees Philippines cap rice prices
The Philippines set suggested retail prices (SRP) for rice this week in an attempt to combat soaring inflation, with a top official warning that violators could face up to four years in jail.
— AEC News Today

AFP, PNP in clearing ops post-Rosita; 20 still trapped in mud
THE Philippine National Police (PNP) and the military are continuing clearing operations in areas affected by Typhoon Rosita in Northern Luzon even as the search and rescue continues for the more than 20 people still trapped inside three buildings of the Department of Public Works and Highways in Mountain Province.
— Business Mirror

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by           @Maria Rasonable

 

Singapore’s struggle to repeal Section 377A
By most global indicators, Singapore would probably surpass many advanced nations. For example, Singapore is considered one of the least corrupt countries in the world, it has the lowest tax rates and has the third highest per-capita gross domestic product (GDP) in the world in terms of Purchasing Power Parity.
— The Asean Post

Singapore’s OCBC Q3 profit rises 12 pct
Singapore’s Oversea-Chinese Banking Corp Ltd reported a 12 percent rise in quarterly profit on Thursday, supported by robust growth in net interest income.
— Reuters

GovTech: Security approach must adapt to counter increasing threat
Singapore government officials must focus on situational awareness and constant vigilance in cyber security, a GovTech official has said.
– Gov Insider

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

Thai score improves in Ease of Doing Business but ranking drops
THAILAND’S EASE of Doing Business(EODB) score has seen an improvement but its ranking has dropped as other economies have implemented reforms much faster, according to the World Bank.
— The Nation (annoying popups)

Thai lenders accelerate online banking with revamped apps
Thai banks have strengthened their push for the use of online banking services over physical branches with a suite of revamped mobile banking applications.
— Nikkei Asian Review

Thailand eyes new rice sales in push to 11m-tonne target
A weaker baht pushed rice export prices in Thailand lower this week, although there were expectations of new deals with the Philippines and China, while rates in India languished at the 21-month lows hit last week due to sluggish demand.
— Bangkok Post

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Vietnam ranked 69th in WB’s ease of doing business ratings
Vietnam is ranked 69th among 190 economies in terms of the ease of doing business (EODB), one place lower than last year’s ranking, according to the latest World Bank annual ratings announced on October 31.
— Nhan Dan Online

New decree facilitates rice trading, export activities
New regulations included in Decree No.107/2018 ND-CP have helped cut down costs for businesses in market engagement activities and created strong motivation for the improvement of their trading capacity and the promotion of rice exports, said business representatives at a conference in Ho Chi Minh City on November 1.
— VietnamPlus

Chinese coast guard chases down, rams fleeing Vietnamese fishing boat (HD video)
A Chinese coast guard vessel was filmed apparently ramming a Vietnamese fishing boat in video posted on Facebook on October 12 by the Tin Tuc Mong Cai 24/7 news agency.
— AEC News Today (video)

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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