Asean morning news for October 26

Asean morning news for October 26

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

New entrants to spur telco competition in Asia Pacific
Global credit rating agency Moody’s Investors Service said the telecommunications sector in Asia Pacific (APAC) will face stronger competition and increasing commoditization in 2019 caused by new entrants in the industry.
— The Philippine Star

Southeast Asia faces major skills gap in talent crunch
Southeast Asia is facing a growing skills gap amid robust growth in investments, according to Swiss staffing giant The Adecco Group.
— HRM Asia

Asean key to Singapore’s future amid US-China tensions, say economists
THE Asean market is crucial for Singapore’s future growth, not least against the backdrop of United States-China trade tensions, said panellists at the 11th Singapore Economic Policy Forum on Thursday.
— The Business Times

Exports key for Asean: Mahathir
Asean countries should transition to becoming producers of goods and services rather than consumers, Malaysian Prime Minister Mahathir Mohamad said during an address at Chulalongkorn University in Bangkok on Thursday at the end of his two-day trip to Thailand.
— Bangkok Post

ASEAN: Shaping the Future of Regional Development in Southeast Asia
Development cooperation is taking on new geopolitical significance. Earlier this month, the U.S.
— The Asia Foundation

Philippines 5th most competitive economy in Southeast Asia
The Philippines is fifth most competitive economy in Southeast Asia and 56th out of 140 economies worldwide, according to the latest Global Competitiveness Report published by the World Economic Forum.
— Manilastandard.net

Ericsson starts export of 5G-ready telecom gear to Indonesia, Singapore and Thailand
Swedish telecom equipment maker Ericsson said it has started exporting 5G-ready telecom equipment such as base stations and microwave gear from its manufacturing facility in Pune to Indonesia, Singapore and Thailand.
— The Economic Times

Asean firms confident in digital strategy, but tech adoption rates still low: Study
MORE than nine in 10 companies in the South-east Asian region are confident in the competitive advantages of their digital transformation plans, according to an industry poll.
— The Business Times

ASEAN Youths Address Social Issues with Data Analytics at ASEAN Data Science Explorers Regionals 2018
The ASEAN Foundation and SAP today held the regional finals of ASEAN Data Science Explorers (ADSE) in a face-off that saw three student teams from Singapore, the Philippines and Vietnam emerge top for their insights and data-driven solutions to solve the region’s pressing social issues.
— Asia One

ASEAN urges deeper economic integration with China
Prospects for a broader and deeper integration between ASEAN economies and China in the coming decades are “bright” as these countries complement each other in their economic goals, according to a new report by the ASEAN+3 Macroeconomic Research Office (AMRO).
— The Philippine Star

Southeast Asia’s Grab inks deal with Mastercard for issuance of prepaid cards
Singapore-based Grab has partnered payments processor Mastercard Inc. to issue prepaid cards tailored to Southeast Asian consumers, extending the use of Grab’s digital wallet and helping its unbanked users transact online.
— BusinessWorld Online

Being pro-active in the South China Sea
Over the past five years, issues in the South China Sea have only grown more complex.
— The Asean Post

From supermarkets to super-apps, Southeast Asian tech start-ups are looking to China not Silicon Valley
It’s 11am on Sunday morning in the industrial area of Singapore’s Pasir Panjang district, and the sun is streaming through the floor-to-ceiling windows at Habitat, a technology-enabled supermarket concept by online grocery start-up Honestbee.
— South China Morning Post

ASEAN-5: Top trends for the ‘five fastest-growing economies’ in South East Asia
Food industry experts from the ‘ASEAN-5’ – the fastest growing economies in South East Asia – have lifted the lid on the key food and beverage trends driving growth in their countries, and the major challenges they continue to face.
— FoodNavigator-Asia.com

Southeast Asia: Trends & Challenges For FX Partners
Why is Southeast Asia one of the most promising emerging markets for the Forex CFD industry?
— Finance Magnates

Asean key to Singapore’s future amid US-China tensions, say economists
THE Asean market is crucial for Singapore’s future growth, not least against the backdrop of United States-China trade tensions, said panellists at the 11th Singapore Economic Policy Forum on Thursday.
— The Business Times (paywall)

ASEAN policies should include gender perspective — Wan Azizah
Malaysia has called for the need of gender perspective in the formulation and implementation of all policies, plans and programmes in the three ASEAN Community Pillars.
— The Edge Markets

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov

 

Kong Vibol: We might show leniency in retroactive tax haul
In response to allegations that the private sector in Cambodia is being unfairly treated on backdated taxes, the General Department of Taxation said yesterday it might show some leniency on the issue.
— Khmer Times

Hun Manet can be prime minister if he is elected: his father
Prime Minister Hun Sen added to speculation that his eldest son, Manet, is one day likely to succeed him as Cambodian leader by telling members of the Cambodian diaspora in Switzerland that “if he is elected, he can be prime minister”.
— The Nation

Technological start-ups find more investors
Cambodian technological start-ups are booming business, said a recent report on the Kingdom’s tech ecosystem prepared by Mekong Strategic Partners and Raintree Development.
— 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 earmarks $1 bln of infrastructure projects for Islamic financing
Indonesia’s government is offering investors $37.3 billion worth of infrastructure projects, $1 billion of which is earmarked for Shariah-compliant financing, Ekoputro Adijayanto, CEO of the ministry of national development’s Center for Private Investment (PINA) told Salaam Gateway.
— Salaam Gateway

TEI 2018 books US$4.96b on first day
The 33rd Trade Expo Indonesia (TEI), which kicked off Wednesday at International Convention Exhibition (ICE) in Tangerang, Banten, booked US$4.96 billion in trade contracts on the first day.
— The Jakarta Post

Indonesian democracy index increases: Witanto
The Indonesian Democracy Index (IDI) has increased during four years of the Joko Widodo-Jusuf Kalla administration, Coordinating Minister for Political, Legal, and Security Affairs Wiranto stated.
— Antara News

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by           @Maria Rasonable

 

Deeper integration boosts prospects for China, Asean
Over the past decade, China’s outward investment into Asean has increased steeply from practically zero to about US$122 billion in 2016. In addition to the bigger Asean economies, investments have flowed into the newly emerging economies of Cambodia, Lao PDR, Myanmar, and Vietnam, supporting growth and development in these countries.
—The Business Times

Govt eyes provision of more workers for Kuwait
Lao labour authorities have confirmed they will continue to work with Kuwait to advance cooperation in the sector between the two countries.
— Vientiane Times

Lao PDR: “I feel helpless and useless” – Villagers share their struggles three months after dam collapse
Three months since the collapse of Laos’ Xe-Pian Xe-Namnoy hydro-power dam cut a path of destruction through 13 villages in the province of Attapeu, many communities, including that of Mai Village, are finally able to move into government-built temporary housing after spending weeks in emergency shelters.
— ReliefWeb

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

Malaysia approves RM61.6 billion in investments this year
MALAYSIA approved RM61.6 billion in investments from January to August this year in both foreign and domestic direct investments, up a whopping 52.47% from RM40.4 billion recorded in the corresponding eight months of 2017.
— The Malaysian Insight

Construction sector to record slower growth in 2019
The country’s construction industry is expected to record slower growth next year amid revision of mega projects and in line with the slowdown in the global construction sector, said Works Ministry Secretary-General Datuk Seri Zohari Akob.
— The Star Online

Malaysia’s oldest newspaper The Malay Mail to cease print, go fully digital
Malaysia’s oldest newspaper, The Malay Mail, will print its last edition on Dec 1, as the tabloid goes fully digital in an increasingly challenging media industry.
— The Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by           @Maria Rasonable

 

‘Ongoing genocide’ underway against Myanmar’s Rohingya Muslims: UN
A genocide is still underway against Myanmar’s Rohingya Muslims, a UN fact-finding team said Wednesday as it presented a report at the Security Council calling for the matter to be referred to the International Criminal Court.
— Bangkok Post

Security Council hears briefing on Myanmar Rohingya atrocities
The Myanmar government has established an independent commission of inquiry to go into allegations of human rights violations and had already taken action some of the military, police and national security officers.
— Devdiscourse

India, Myanmar discuss human trafficking with focus on Rohingya
According to Home Ministry estimates, there are nearly 40,000 Rohingya Muslims spread across India, with the highest number in Jammu and Kashmir.
— The Indian Express

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Foreign tourist arrivals up 6.8% in September
Foreign tourist arrivals bounced back in September after contracting the previous month, and are bound to grow further as tourists gear up for the reopening of Boracay island on Friday after a six-month rehabilitation.
— The Philippine Star

‘Yutu’ strengthens, may enter PAR Saturday
Typhoon Yutu intensified as it continues to move towards the Philippine Area of Responsibility (PAR).
— Philippine News Agency

Philippine Leader Sacks Customs Chief Amid Drug Scandal
President Rodrigo Duterte on Thursday sacked the customs chief and other top agency officials, a day after a congressional inquiry heard that suspected Chinese traffickers had smuggled in billions of pesos in methamphetamine despite the government’s vaunted war on drugs.
— Benar News

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by           @Maria Rasonable

 

Changi passenger traffic up 6.1% to 5.23 million in September
Visitors from China and Japan boosted monthly volumes.
— Singapore Business Review

Organised criminal group crippled: 66 arrested, bank accounts frozen and over $428k cash seized
Sixty-one men and five women, aged between 17 and 63, were arrested on Oct 24 for their suspected involvement in gang-related activities, operating of illegal gambling dens, and other criminal activities, in a large-scale operation against a suspected Organised Criminal Group (OCG).
— Stomp

Singapore to hang two drug traffickers amid calls for a halt
Singapore is due to execute two convicted drug traffickers on Friday after hanging a man on Wednesday for the same offense amid fresh calls for the wealthy state to abolish the death penalty.
— Reuters

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

Government to mobilize resources for a new war on drugs
The government has decided to declare war on narcotic drugs across the country with an expectation of positive result in three months.
— The PBS World

China plans to deepen EEC focus
CHINA plans to further invest in the Eastern Economic Corridor (EEC) and the country’s agricultural technology as part of its effort to support the Thailand 4.0 policy while furthering its own One Belt, One Road (OBOR) initiative.
— The Nation (annoying popups)

Border trade increases, but with some Chinese impact
Border trade in the first nine months of 2018 grew 6.14% year-on-year to 1.04 trillion baht, with an export surplus of 133 billion baht, but the negative impact of falling Chinese tourist arrivals is now. showing.
— Bangkok Post

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Vietnam aims to become a maritime powerhouse by 2030
Vietnam will build its maritime sector to boost economic development and strengthen national defense, a new Party resolution says.
— VnExpress

Vietnam Airlines to use new-generation regional jet aircraft
National carrier Vietnam Airlines plans to replace its fleet of ATR aircraft with new-generation regional jet aircraft containing about 100 seats in order to improve the efficiency of operation and service quality on short routes.
— VietnamPlus

MoIT wants to cut tax for locally produced auto parts
The Ministry of Industry and Trade (MoIT) wants to take advantage of market and policy opportunities to promote automobile manufacturing projects of domestic automakers including Tru?ng H?i Auto Corporation (Thaco), Thành Công Group and VinFast.
— 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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