Asean morning news for October 11

Asean morning news for October 11

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Cebit Asean Thailand to kick off next week
Bangkok is hosting “Cebit Asean Thailand” to offer possibilities for established businesses and start ups wishing to connect and be at the forefront of innovation and technology, at Impact Exhibition Hall7-8, Muang Thong Thani, on Oct 18-20 from 10am to 6.30pm.
— Bangkok Post

Duterte leaves for ASEAN Leaders’ event in Bali
President Rodrigo Duterte on Wednesday night left the country to attend the Association of Southeast Asian Nations (ASEAN) Leaders’ Gathering in Bali, Indonesia on October 11.
— Philippine News Agency

Engaging ASEAN youth in gender initiatives
Youth representatives from ASEAN countries, together with 100 other young people from Việt Nam, on Wednesday participated in the “Gender Dialogues: Engaging ASEAN Youth in Gender Initiatives” course at the Green One UN House in Hà Nội.
— Vietnam News

Six Priorities To Strengthen The Digital Economy In Southeast Asia
Digital lifestyles, cashless societies, app-based businesses, “smart” nations, virtual services – there is a tremendous amount of excitement in Southeast Asia now about the growth of the digital economy.
— Thailand Business News

Weaker Asian currencies fail to lift manufacturers’ exports
Manufacturers in some emerging Asian nations are facing a decrease in demand for exports despite currency depreciation, according to the latest Nikkei Purchasing Managers’ Index survey, which covers major Asian countries except China.
— Nikkei Asian Review (paywall)

UN Report: Southeast Asia to Suffer More Floods and International Crisis by 2040
Like it or not, climate change and global warming are things that concern all of us.
— World of Buzz (media release) (blog)

Construction boom in Southeast Asia promises improvements for multi-purpose
A growth in renewable energy and a construction boom in Southeast Asia makes Drewry forecast better times for the strained multi-purpose sector.
— ShippingWatch

Dr Mahathir’s new car brand to be Asean effort to weather trade war
Malaysia’s third push to build a national car brand may see it sourcing parts from Southeast Asian neighbors, as the region forges stronger ties to weather out the U.S.-China trade tensions.
— The Edge Markets

ASEAN Terrorism Challenge in the Spotlight with Singapore Symposium
Last week, we saw the convening of a counterterrorism symposium in Singapore.
— The Diplomat

Six priorities to strengthen the digital economy in Southeast Asia
Digital lifestyles, cashless societies, app-based businesses, “smart” nations, virtual services – there is a tremendous amount of excitement in Southeast Asia now about the growth of the digital economy.
— Thailand Business News

Asian markets mixed on IMF growth outlook
Regional markets were mixed yesterday as worries over global growth kept investors cautious.
— Straits Times (annoying popups)

Current plastic and packaging waste initiatives in South East Asia cover just 5% of waste: FIA study
The scale of impact of current initiatives to deal with plastic and packaging waste in Indonesia, Philippines, Thailand and Vietnam have been found to be affect only 5% or less of waste, according to a comprehensive study by Food Industry Asia (FIA).
— Food Navigator-Asia

Third national car plan to fortify Asean trade ties, minister says
Tun Dr Mahathir Mohamad’s push for a third national car brand is aimed to consolidate trade within Asean to weather potential fallout from ongoing economic tension between the US and China, Darell Leiking said.
— Yahoo News

Belt and Road Initiative facilitates economic cooperation among China, ASEAN, South Asia: research
With China now a major contributor to global growth, involvement in the Belt and Road Initiative could help strengthen links within ASEAN and South Asia and with China, said Standard Chartered Global Research in a report issued Wednesday.
— Xinhua

ADB, OECD sign agreement to deepen partnership for Asia-Pacific
The Asian Development Bank (ADB) and the Organization for Economic Co-operation and Development (OECD) signed on Wednesday a new five-year memorandum of understanding (MoU) to deepen collaboration in promoting effective development policies and programs in Asia and the Pacific.
— Xinhua

Online hiring for HR declines in Malaysia, blooms in Philippines
According to the latest Monster Employment Index, HR and admin talent is in-demand in the Philippines, but suffering decline in Malaysia and Singapore.
— HRM Asia

Hydropower: Giving more than a dam
At the World Economic Forum on ASEAN in Hanoi last month, Thongloun Sisoulith, Prime Minister of Lao PDR acknowledged the recent devastation caused by a hydroelectric dam failure in his country and added that his government would proceed with caution with regards to future hydroelectric investments.
— The Asean Post

Trafficked brides heading for China
The practice of “pulling wife”, bride kidnapping or marriage by capture is an old tradition among the rural Vietnamese.
— The Asean Post

Open regionalism in the Asia-Pacific
The U.S.-China trade war centers on a series of retaliatory tariffs and a struggle for hegemony in strategic technologies.
— The Japan Times

Fuji TV and Aeon to export shows for Asia’s kids
Fuji Television Network and retailer Aeon are teaming up to create and broadcast TV programs for children in Southeast Asia and China, seeking to tap a $425 billion-plus market for content.
— Nikkei Asian Review (paywall)

Online payments still a challenge for Southeast Asia’s tech players
The adoption of mobile payments and lack of dominant providers in Southeast Asia are among the biggest challenges for technology start-ups hoping to expand in the region, according to a panel of entrepreneurs.
— South China Morning Post

 

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov

 

Cambodia Faces Potential Economic Collapse
Cambodian Prime Minister Hun Sen is facing economic pressure to reverse a recent crackdown on opposition groups and basic freedoms in his country.
— VOA Cambodia

Cambodia Airways enters Taiwan market with Siem Reap-Taipei service
CAPA publishes more than 400 global News Briefs every weekday, covering all aspects of the aviation and travel industry. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non-English sources. The breadth of our coverage means you won’t need any other news sources to monitor competitors and stay informed about the latest developments in the wider aviation sector.
— CAPA

Smartphones help to save forest in Cambodia
University of Copenhagen, Danmission, the IT company Web Essentials and local peacebuilding organizations in Cambodia have developed an app for smartphones that helps protecting the forest.
— ScandAsia

Food Security be Dammed: Cambodia Trades Fish for Energy
The Lower Sesan 2 Dam (“LS2”, or “the dam”), located 26 kilometres east of the Sesan-Mekong River confluence in Stung Treng province, began electricity generation in November 2017. It is scheduled to be fully operational in October 2018.
— Future Directions

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

East Java Struck by M 6.3 Earthquake, No Tsunami Warning
A magnitude of 6.3 on Richter Scale earthquake struck Indonesia’s Eastern region of Situbondo and Bali earlier this morning at 01:57 Western Indonesian Time (WIB) with reports of three deaths and several houses damaged.
— Tempo.co

Indonesia`s economy “very positive and healthy”: OECD survey
A survey by the Organization for Economic Cooperation and Development (OECD) shows that Indonesia has recorded a very healthy and positive growth.
— Antara News

Bank Indonesia sees full-year inflation at 3.4 percent
Bank Indonesia (BI) expects inflation of 3.4 percent this year, lower than last year’s rate of 3.61 percent and comfortably within the central bank’s target range.
— The Jakarta Post

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by           @Maria Rasonable

 

Russian Military Unit Departs for Lao PDR to Defuse Unexploded Shells From 1960s
The Russian Defense Ministry said on Wednesday that its mine clearance team has traveled to Lao to assist the country in demining the territory which still had unexploded ordnance left from the 1960s civil war.
— Sputnik International

Over 200 exhibitors expected for 18th Handicrafts Festival
More than 200 exhibitors are anticipated to display their wares during the 18th Lao Handicrafts Festival 2018 from October 27 to November 4 at Lao International Trade Exhibition and Convention Centre (Lao-ITECC) in Vientiane.
— Vientiane Times

Twin Cities Book Festival, dog Halloween, MN RollerGirls: A-List 10.10-16
The work lyrically reflects on the author’s upbringing as part of a Lao refugee immigrant family, and opens with a forward by poet and children’s book author Bao Phi.
— City Pages

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

Most housing units launched in H1 cost RM500,000 and below
The proportion of residential properties launched in the price range of RM500,000 and below experienced a jump to 65 per cent of total launches in the first half of this year (H1 2018) compared with 52 per cent in the second half of 2017, according to a Real Estate and Housing Developers’ Association Malaysia (Rehda) survey.
— The Star Online

Govt to reduce direct equity ownership in companies
Finance Minister Lim Guan Eng said the government will reduce its direct participation in the equity ownership in companies and let the private sector take the lead in the economy.
— The Borneo Post

72 errant cops dismissed this year up to September — IGP
The police force dismissed 72 police personnel, among them superintendents and deputy superintendents, for various offences including corruption between January and September this year, the Inspector-General of Police Tan Sri Mohamad Fuzi Harun said yesterday.
— The Borneo Post

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by           @Maria Rasonable

 

Myanmar police detain three journalists for ‘incitement’
Myanmar police arrested three journalists from the Eleven Media Group on Wednesday on charges related to showing disrespect toward the Yangon regional government.
— Bangkok Post

Myanmar must back ‘credible’ Rohingya inquiry, Japanese PM tells Suu Kyi
Japanese prime minister Shinzo Abe has told Myanmar’s leader that a credible investigation into alleged human rights violations against Rohingya Muslims is key to resolving the crisis.
— The Guardian

Polish-funded fire engines arrive in Myanmar
The 68 modern, high-tech fire-fighting vehicles bought with the loan from Polish government arrived Myanmar and have been distributed to suitable places, according to Fire Services Department.
— Eleven Myanmar

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Philippines’ Jan-July FDI rises 52.1pc y/y to $6.7bn
Net foreign direct investments in the Philippines jumped 52.1 percent in the first seven months of this year from a year earlier to $6.7 billion, the central bank said on Wednesday.
— Business Recorder

PHL gets $7.54-billion loan for infra buildup from ADB
The Asian Development Bank is extending $7.54 billion worth of loans to the Philippines starting next year until 2021, according to the ADB’s updated Country Operations Business Plan (COBP).
— Business Mirror

Philippines sees decade of 7 percent growth from infrastructure drive
The Philippines expects economic growth to recover to 7-8 percent target next year despite global uncertainties, as it pushes ahead with massive infrastructure spending plans, the country’s budget secretary said on Wednesday.
— Today Online

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by           @Maria Rasonable

 

Condo and HDB rents down in Sept: SRX
The sluggish rental market for both private and HDB properties is showing no signs of improving, going by flash data from real estate portal SRX yesterday.
— Straits Times

Singapore sticks a pin before property bubble forms
Property investors anticipated a boom in Singapore as prices increased sharply by 9.1 percent over the past year.
— The Asean Post

Singapore passport 2nd most powerful in the world, behind Japan, in latest Henley index
The Japanese passport is now the most powerful in the world, after it overtook Singapore in Henley Passport Index’s fourth-quarter update, released on Wednesday (Oct 10).
— The Straits Times

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

$6.4 Million of Thai Actor’s Family Assets Seized in $24 Million Bitcoin Fraud Case
Ten months after a Finnish national filed a complaint after losing 5,564 bitcoins to fraudsters in Thailand, the family of the Thai television actor Jiratpisit ‘Boom’ Jaravijit is now the target of the country’s anti-money laundering agency in relation to the scam.
— CCN

Travelers Spend More Money in Thailand Than Anywhere Else in Asia
Just more than a year ago, I ate at Nahm, in Bangkok—and walked out after paying barely $60 for a tasting menu that currently ranks 49th on the World’s 50 Best Restaurants list.
— Bloomberg

Thailand’s Balancing Act Between the US and China in the Age of Trump
Thailand appeared to have swung decisively toward China in the aftermath of the bloodless 2014 coup, when Gen. Prayut Chan-o-cha swept to power in Bangkok after deposing the democratically-elected government of Yingluck Shinawatra.
— Geopolitical Monitor

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Vietnam To Remove Foreign Ownership Cap For Listed Companies
Vietnam’s government is considering lifting the foreign stake holding limit for listed companies from the current 49 to 100 per cent in a bid to attract more foreign stock investment, Vietnam Net reported.
— Investvine

Vietnamese banks expect profits to rise 18.6 percent
Vietnamese banks have reported good third quarter results, and expect this to continue in the final quarter of the year.
— VnExpress

Pig price hike headache for management bodies
The price hike of pork is causing a headache for management bodies as it poses a risk of increasing imported pork in the domestic market.
— 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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