Asean morning news for November 7

Asean morning news for November 7

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

The case for RCEP as Asia’s next trade agreement
Six years in the making, the Regional Comprehensive Economic Partnership (RCEP) is slated to become an ASEAN-centric, comprehensive free trade area. Its 16 negotiating parties are racing to reach a ‘substantial conclusion’ by the ASEAN summit of mid-November 2018.
— East Asia Forum

ANALYSIS – ASEAN vehicle sales rise 10% in Q3
New vehicle sales in southeast Asia’s six largest markets combined continued to strengthen in the third quarter of 2018, with total volumes rising by 9.7% to 899,541 units from 820,135 units in the same period of last year, according to data collected by AsiaMotorBusiness.com from the mainstream local trade associations.
— Just-auto.com

Asean must maximise East Asia meet
When the world’s most powerful leaders converge in Singapore next week for the 13th East Asia Summit (EAS), they will know the region’s overall security situation and economic cooperative atmosphere has improved greatly in the past six months.
— Bangkok Post

Vietnam, Thailand skip Philippines’ 203,000 T rice tender
Major rice exporters Thailand and Vietnam did not submit offers at a Philippines import tender for the supply of 203,000 tonnes of the grain, citing stricter terms, Philippine officials said on Tuesday.
— Reuters Africa

S. Korea’s exports to ASEAN set new record high in 2018
South Korea’s exports to the Association of Southeast Asian Nations (ASEAN) rose to the highest level in the first 10 months of the year, government data showed Tuesday.
— Yonhap News Agency

Southeast Asia awakens to the power of corporate competition
When Mahathir Mohamad reprised his role as Malaysia’s prime minister in May, he brought along a lengthy list of promises.
— Nikkei Asian Review (paywall)

Leaders gear up for 33rd ASEAN Summit
LEADERS from 10 Southeast Asian countries, along with counterparts from China, the United States, Japan and Russia, are set to convene for the 33rd ASEAN Summit and Related Summits, which will be held at the Suntec Singapore International Convention and Exhibition Centre (Suntec) from November 13-15.
— Borneo Bulletin

‘We Are The Ones’, a song of Asean unity and diversity
When Malaysian producer Alvin Wee and composer Rendra Zawawi were approached to come up with the theme song for Asean Cultural Week 2018, they knew they had to craft an anthemic tune worthy of uniting an incredibly diverse region.
— Today Online

Over 60 rectors of Asia`s universities meet in Surabaya
A total of 62 rectors of universities from 14 countries in Asia met at the 17th Asian University President Forum (AUPF) at Surabaya`s Petra Christian University (UK) on November 6-8, 2018.
— Antara News

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov

 

Cancellation of EBA could hit Kingdom real estate
The speedy development of Cambodia’s real estate sector has been a key factor in the country’s constant GDP growth of around 7%. Indeed, growth has hovered at this level for nearly a decade.
— Khmer Times

UAE to Provide Credit Line of $500M to Cambodia, Pledges to Invest in Gas Sector
The United Arab Emirates (UAE) have expressed their willingness to further assist Cambodia on economic development, particularly granting $500 million of credit line to Cambodia to import Arabian products to the kingdom, Prince Adam Amed Dalmook Al Maktuom, member of the ruling royal family of Dubai, one of the six ruling families of the United Arab Emirates, told Prime Minister Hun Sen in a courtesy call on Tuesday at the Peace Palace Phnom Penh.
— Fresh News

Cambodian Minister of Information Says Cambodia Wants VOA and RFA to Have Offices in Phnom Penh
Cambodia has never banned Voice of America (VOA) and Radio Free Asia (RFA)’s broadcasts, and that Cambodian people are still able to listen to these two radio broadcasts as usual, Minister of Information Khieu Kanharith told outgoing U.S Ambassador to Cambodia William A. Heidt in a farewell meeting on Tuesday at the ministry.
— Fresh News

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Indonesia’s retail sales grew 4.8 pct y/y in September
Retail sales in Indonesia grew 4.8 percent in September from a year earlier compared with August’s 6.1 percent annual growth, a central bank survey showed on Tuesday.
— Reuters

Less than 1,000 psychiatrists for 260 million Indonesians
For its size, Indonesia has a severe shortage of mental health practitioners.
— The Jakarta Post

Families hold mass prayer at sea for victims of Indonesia’s Lion Air crash
Hundreds of grieving relatives prayed Tuesday (Nov 6) at the spot where a Lion Air jet plunged into the sea as revelations over the jet’s malfunctioning air speed indicator raised fresh questions about the cause of the accident.
— Channel News Asia

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by           @Maria Rasonable

 

Xieng Khuang’s old Buddha endures scars of war to entice visitors
Local officials notice that when foreign visitors come to Xieng Khuang province many are drawn to the large Buddha at Phiavat temple which suffered from American bombing during the Indochina War.
— Vientiane Times

Lao think tank suggests to maximize Laos-China railway
The Lao government’s top economic research agency has suggested that investment focus in areas that would make use of and maximize the benefits of the Laos-China railway.
— Xinhuanet

Laos joins China in promoting open door trade at Shanghai expo
Prime Minister Thongloun Sisoulith is leading a Lao delegation to the China International ImportExpo in Shanghai, joining the world’s second largest economy and other countries in promoting the opening-up of trade amid tensions between global economic powers.
— Vientiane Times

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

Mahathir pledges to remove obstacles faced by investors
The government will remove obstacles to doing business in Malaysia, especially for foreign investors, in order to attract more foreign direct investment (FDI), said Dr Mahathir Mohamad.
— FMT

Japan to support Malaysia’s 200bn yen “samurai bond” issuance
Japanese Prime Minister Shinzo Abe and his Malaysian counterpart Mahathir Mohamad agreed Tuesday to move ahead with Malaysia’s plan to issue 200 billion yen ($1.8 billion) worth of yen-denominated bonds to help the Southeast Asian country address its debt woes.
— Nikkei Asian Review (paywall)

MEF mulls suing govt over minimum wage
The Malaysian Employers Federation (MEF) is mulling legal action against Putrajaya for not following the law in revising the minimum wage to RM1,100.
— FMT

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by           @Maria Rasonable

 

Ethnic parties give wake-up call to NLD
Analysts are poring over the results of Myanmar’s by-elections which took place on Saturday, vainly trying to read the tea leaves, and perhaps reading too much into them.
— Bangkok Post

Facebook used to ‘incite offline violence’ in Myanmar, says report
Facebook has said it agrees with a report that found it had failed to prevent its platform being used to “incite offline violence” in Myanmar.
— BBC News

Too soon to send Rohingya back to Myanmar: U.N. rights envoy
The United Nations’ human rights investigator on Myanmar urged Bangladesh on Tuesday to drop plans to start repatriating hundreds of thousands of Rohingya refugees to Rakhine state this month, warning they would face a “high risk of persecution”.
— Reuters

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Industrial unrest looms as Metro Manila minimum wage rises just PHP15
Labour groups in the Philippines have warned of increased industrial unrest after workers in Metro Manila were granted an effective daily minimum wage increase of just PHP15 (about US$0.28).
— AEC News Today

PH inflation stays at 6.7 percent in Oct, still at 9-year high — PSA
PHILIPPINE headline inflation rate was steady at 6.7 percent in October, unchanged from September but still at a nine-year high, the Philippine Statistics Authority (PSA) reported on Tuesday.
— The Manila Times

PH hopes to raise P13.5 billion from Marawi bonds
The Philippines plans to raise P13.5 billion ($253.95 million) through a sale of retail treasury bonds to help fund the reconstruction of the besieged southern city of Marawi, the finance ministry said on Tuesday.
— ABS-CBN News

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by           @Maria Rasonable

 

Grab announces major partnerships just before Go-Jek launches in Singapore
Grab announced not just one but two major partnerships in the past few days, just before the launching of Indonesian rival ride-hailing app Go-Jek in Singapore, which is expected to occur later this month.
— The Independent

DBS CEO downplays impact of trade war
DBS Group Holdings’ chief executive officer said fears about the impact of the United States-China trade war are “somewhat overblown” for now as the flow of goods and services remains largely intact.
— Today Singapore

October buybacks plummeted 36% to $59.9m
Companies which buyback their shares could signal to the market that their shares are undervalued. Last month, 29 companies repurchased 30.8 million shares or units for a total amount of S$59.9 million, according to a report released by the Singapore Exchange Limited (SGX: S68) recently.
— Singapore Business Review

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

War hits investor confidence index
The Federation of Thai Capital Market Organisations’ (Fetco) Investor Confidence Index (ICI) for the next three months (through to January 2019) fell into the neutral zone, decreasing by 7.23 per cent to 113.73.
— The Nation

Private sector expects export growth to slow next year
In addition, the new United State-Mexico-Canada Agreement would have an impact on Thai industries. The committee also mentioned Washington’s decision to drop 11 Thai products from its Generalized System of Preferences (GSP), and the slowing growth of major economies.
— Bangkok Post

Police seize dozens of Thaksin-Yingluck calendars in Ubon Ratchathani
A combined force of police, military personnel and local administration officials on Tuesday seized dozens of New Year’s calendars depicting former prime ministers Thaksin and Yingluck Shinawatra from a house in Warin Chamrap district of the northeastern province of Ubon Ratchathani.
— Thai PBS

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Vietnam to extend e-visa scheme to lure foreign visitors
The Ministry of Public Security has issued 336,932 e-visa to foreigners from January 2017 to October 2018.
— The Hanoi Times

Vietnam maintains tariffs on imported steel
Vietnam’s Ministry of Industry and Trade (MoIT) has decided to maintain safeguard measures for steel billets and steel bars imported from a number of countries and territories including China, the US, Canada, Germany, France, Japan and the Republic of Korea.
— VietNamNet Bridge

PetroVietnam Technical Services awarded $176m equipment contract for Sao Vàng-Ð?i Nguy?t gas project
The Malaysia Vietnam Offshore Terminal (MVOT), a joint venture between PetroVietnam Technical Services Corp and Malaysia’s MIBS Bhd, has won a US$176 million contract to provide equipment for Idemitsu Kosan to develop the Sao Vàng-Ð?i Nguy?t gas project.
— 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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