Asean morning news for November 5

Asean morning news for November 5

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Smart logistics boosts Asean’s economic integration with China
Last year more than 40 billion packages were delivered in China – half the world’s global total.
— The Nation

Commentary: The rebirth of the ASEAN miracle growth model
The ASEAN Economic Community (AEC) has come a long way since it was conceptualised in 2003.
— Channel NewsAsia

Southeast Asia passes China in luring Japanese staff and money
Southeast Asia has become the leading focus for the overseas operations of Japanese companies, which now send more cash and staffers there than to China in hopes of tapping the region’s growing economic potential.
— Nikkei Asian Review (paywall)

Southeast Asian journalists flag culture of impunity
FIFTY-FIVE percent of journalists in Southeast Asia said the culture of impunity is a major concern in their countries, according to a report by international media groups.
— BusinessWorld Online

Malnutrition in Southeast Asia
Malnutrition is a global plague. However, it is a more acute problem specifically in the Asian region.
— The Asean Post

Southeast Asia private equity, venture capital investments surge 83% in second quarter
Southeast Asia’s private equity (PE) and venture capital (VC) investments surged 83.4% year-on-year in the second quarter as investors bet on the prospects of higher economic growth, a rising middle-class population, and a strong technology sector, according to a report from Ernst & Young (EY).
— Asia Asset Management

PH, 3 other SEA economies to boost Asia’s trade growth
THE Philippines and three other Southeast Asian countries, and newly industrialized economies, are expected to provide a boost to developing Asia’s trade growth this year, a new report from the Asian Development Bank (ADB) said.
— Sun Star

Saving Southeast Asia’s lakes
Indonesia is home to 521 natural lakes and about 100 reservoirs, covering an area of approximately 21,000 square kilometres (km²).
— The Asean Post

East Asia Summit to Make Stronger Commitment to Combating Marine Plastic Pollution
Indonesia, along with the other members of the East Asia Summit, will declare a stronger commitment to combating marine plastic pollution during the 13th annual meeting of the regional forum in Singapore later this month.
— Jakarta Globe

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov

 

Petrol to sell at $1 a litre
The government yesterday advised gas station owners to set petrol and diesel pump prices at 4,000 riel ($1) per litre until November 15, which means gasoline retailers would absorb 160 riel (four cents) of the cost of crude.
— Khmer Times

Prep for digital revolution must start now, ADB official says
The government should start refashioning its institutions and policies as soon as possible to adapt to the fourth industrial revolution (4IR), which is already impacting all aspects of Cambodian society in ways that are hard to anticipate, an Asian Development Bank (ADB) economist said Friday.
— Khmer Times

NGOs concerned over crimes against journalists
Several NGOs have voiced concern over continuing crimes against journalists and human rights advocates, urging authorities to take sterner action against perpetrators
— Khmer Times

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Body bags totaling 104 submitted to Police Hospital
To this day, the National Search and Rescue Agency (BASARNAS) at 9 p.m. (Western Indonesian Time) submitted 31 body bags, totaling 104, including eight body bags on Nov 2, nine on Nov 1, eight on Oct 31, twenty-four on Oct 30, and twenty-four on Oct 29.
— Netral English

Diver dies in search for Lion Air jet crash victims
An Indonesian diver died while recovering body parts from the ill-fated Lion Air plane which crashed into the sea killing 189 people, an official said Saturday.
— The Star Online

Lion Air Cockpit Voice Recorder Signal Lost
Divers searching for the wreckage of Indonesian Lion Air Flight 610 can no longer hear a signal from the aircraft’s missing cockpit voice recorder, the head of Indonesia’s Search and Rescue Agency said Sunday.
— Indonesia Expat

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by           @Maria Rasonable

 

Chinese dams ramp up Lao external debt
In its rush to become the “battery” of Southeast Asia, Lao is accpeting more Chinese loans to build dams, ensuring the already debt-strapped country falls ever deeper into China’s pocket.
— Nikkei asian Review (paywall)

Lao handicrafts; from household basics to international markets
President of the Lao Handicraft Association Hansana Sisane pointed out that handmade products have been continually improving and gradually getting better known in international markets. Laos is a small country but rich in culture, traditions and lifestyle with 49 ethnic groups, each having its own unique motifs,
— Borneo Bulletin

Officials, businesses debate ways to improve tourism
Government officials met with business operators on Friday to discuss developments and problems in the tourism industry as well as share ideas on ways to improve services during the remainder of Visit Laos Year 2018.
— Vientiane Times

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

Malaysia hopes to restore Asian Tiger status thanks to 2019 Budget
The Malaysian government on November 2 submitted to the legislature the 2019 Budget, which is expected to help restore the Malaysian economy as an Asian Tiger, according to the New Straits Times.
— VietnamPlus

Govt to continue facilitate financing for SMEs
The government will continue to facilitate financing for small and medium enterprises (SMEs) since they are the backbone of the economy.
— The Borneo Post

Govt has right to set minimum wage
The government’s decision to increase the minimum wage effective next year is not against the National Wage Consultative Council Act 2012, said Human Resource Minister M. Kula Segaran.
— The Edge Markets

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by           @Maria Rasonable

 

2018 by-elections transparent, US envoy says
US Ambassador Scot Marciel looked around to 2018 by-election polling stations in Tarmwe and Seikkan townships this morning.
— Myanmar Times (annoying pops)

Preliminary results: NLD heading towards big electoral losses
Voting has now ended for the November 3 by-elections in Myanmar, with polling stations counting the votes across the country. The latest development is that Seikkan constituents have ditched the ruling National League for Democracy (NLD) party in favour of the main opposition’s candidate.
— Myanmar Times

Peace meetings including PPST suspended
Some peace meetings including the Peace Process Steering Team (PPST) of ten ethnic armed organizations (EAOs), which are the signatories of Nationwide Ceasefire Agreement (NCA), have reportedly been suspended.
— Mizzima

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

‘Hot’ money net inflow shrinks, but 10-month outflow much smaller
SHORT-TERM investments made by international players continued to flow out of the country in the first weeks of October, data from the Bangko Sentral ng Pilipinas (BSP) showed.
— Business Mirror

Growth likely picked up to 6.3% in Q3—Moody’s
The Philippine economy likely grew 6.3 percent in the third quarter, faster than 6 percent in the second quarter, on the back of sustained investment and strong domestic demand, Moody’s Analytics said in a report over the weekend.
— Manilastandard.net

Hong Kong nonprofit raises $2M for Philippines’ poorest
The people of Hong Kong are widely known for their generosity.
— Rappler

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by           @Maria Rasonable

 

New Zealand beats Singapore in ease of doing business rankings
Singapore can improve by making property registration and electricity application easier.
— Singapore Business Review

IPO activity disappoints in 2018 as big plans get iced
SINGAPORE is headed for its worst year of IPO activity since 2015, with 13 companies raising just S$715 million in gross proceeds from initial public offerings here so far this year.
— The Business Times

Singapore to scrap motorcycle tolls at Second Link, matching KL’s move
Singapore will match Malaysia’s decision to abolish tolls on motorcyclists next year at the Tuas Second Link, the Ministry of Transport (MOT) said yesterday.
— Straits Times

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

WHO approves Thailand’s anti-HIV Efavirenz
The World Health Organization (WHO) has certified Thailand’s anti-HIV drug Efavirenz developed by the Government Pharmaceutical Organization.
— Thai PBS

Building a blockchain hub in Thailand
Though countries in Asia Pacific are racing to build their own cryptocurrency hubs — Jeju Island in South Korea or Cagayan in the Philippines are among them — they are arguably playing catch-up: Thailand has one of the most prosperous cryptocurrency ecosystems in the region, thanks in large part to the government.
— Bangkok Post

Tourism revenue next year may drop by 50 billion baht as growth target missed
The Tourism Authority of Thailand’s projection of 11.5 percent growth in tourist arrivals next year may not be met, resulting in a revenue loss of about 50 billion baht unless Thailand can lure back more Chinese tourists.
— Thai PBS

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Vietjet signs contract to buy 50 Airbus aircraft
Budget carrier Vietjet and France’s Airbus signed a purchase agreement for additional 50 A321neo aircraft worth 6.5 billion USD according to the manufacturer’s list price in Hanoi on November 2.
— VietnamNet Bridge

City to auction 14,000 apartments
HCM City has decided to continue auctioning 14,000 vacant apartments at resettlement sites following the successful sale of 200 in Phu My in District 7.
— Bizhub

Fruit, vegetable exports valued at 3.3 billion USD
Vietnam earned some 3.3 billion USD from vegetable and fruit exports during January-October, up 15.5 percent from the same time last year, the Agro Processing Market Development Authority (AgroTrade) under the Ministry of Agriculture and Rural Development has said.
— VietnamPlus

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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