Asean morning news for October 5

Asean morning news for October 5

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

ASEAN countries seek to forge stronger ties against terrorism
The 2018 Southeast Asia Counter-Terrorism Symposium kicked off here Thursday, aimed at discussing ways towards greater concerted efforts against terrorism.
— Xinhuanet

Malaysia PM Mahathir wants Asean to help disaster-struck Indonesia
Malaysian Prime Minister Mahathir Mohamad said on Thursday (Oct 4) that the Asean Committee on Disaster Management (ACDM) has a major role to play in coordinating and extending assistance and support to Indonesia in the aftermath of the devastating earthquake and tsunami that hit Sulawesi last week.
— The Straits Times (annoying popups)

US To Unveil New Measures At ASEAN Summit To Support Open Indo-Pacific Region – Pence
The United States will unveil next month during the Association of Southeast Asian Nations (ASEAN) and Asia Pacific Economic Cooperation (APEC) summits new measures to support an open Indo-Pacific region, US Vice President Mike Pence said during a speech at the Hudson Institute on Thursday.
— UrduPoint

ASEAN Trade in Goods Agreement: Local Content Requirements
In light of significant reductions in tariffs between ASEAN members and the steady harmonization of regulation through the ASEAN Economic Community, regionally oriented value chains have risen significantly in terms of profitability.
— Asean Briefing

Southeast Asia: Victors of the trade war?
The latest round of tariffs imposed by the Trump administration on US$200 billion worth of Chinese goods was met with a similar tariff on US$60 billion worth of American exports to China. Trade tensions between the two have grown more hostile of late with no sure signs of either one backing down.
— The Asean Post

Asean social, cultural council discusses enabling master plan 2025
Ministers and senior officials from Asean countries met in Singapore on October 3 at the 20th Asean Socio-Cultural Community (ASCC) Council Meeting and related meetings to discuss the Enabling Master Plan 2025 and towards becoming smart cities.
— Vientiane Times

Germany Commits EUR 4 Million To Strengthen Mekong Transboundary Water Cooperation
The government of Germany has committed EUR 4 million (approx. US$ 4.6 million) to the Mekong River Commission (MRC) to strengthen Mekong cross-border water cooperation.
— KPL

Singapore can play ‘important role’ in cybersecurity for SEA region, says FireEye CEO
Singapore can play an “important role” in cybersecurity for the Southeast Asian region, particularly in the area of thought leadership, said FireEye CEO Kevin Mandia on Thursday (Oct 4).
— Channel NewsAsia

Are electric vehicles the future of ASEAN transportation?
The first image that usually springs to mind when someone mentions any Southeast Asian capital is congested roads filled with honking cars and motorcycles. Congested roads have become synonymous with Southeast Asia, and that is not going to change anytime soon.
— The Asean Post

Asean urges Myanmar to hold army ‘accountable’
MYANMAR’S neighbours in Southeast Asia have urged the country to hold those responsible for the Rohingya crisis “accountable”, Singapore said Tuesday, in a rare call for justice from within the region.
— The Phnom Penh Post

Jokowi to attend ASEAN side talks at IMF-WB meetings
President Joko “Jokowi” Widodo is slated to attend various meetings with his counterparts from ASEAN member states as the Indonesian leader hosts the International Monetary Fund-World Bank Group (IMF-WB) annual meetings on the resort island of Bali next week.
— The Jakarta Post

Grab, Fave in strategic tie-up to boost growth across Asean
Grab and deals platform Fave – formerly Groupon Singapore – have formed a strategic partnership to speed up their growth across the Asean region.
— The Straits Times

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men @MenSreypov

 

Cambodia H1 garment exports up 16.1 pct, economy to grow 7 pct – World Bank
Cambodia’s garment exports grew 16.1 percent in the first half of 2018 from the same period last year, the World Bank said on Thursday, boosted by a trade agreement that allows Cambodia to export travel goods to the United States duty free.
— Reuters

LPG Consumption Growth of 23% in Cambodia
According to Cambodia’s government figure, LPG consumption grew at rapid rate of 23% in 2017.
Cambodia is one of the fastest growing countries in the world. With an average growth of more than 7%, it is slowly transforming itself from being one of the least developed countries to one of the most rapid and fast growing economies in the region.
—  Oil Voice

Advocacy Group Raises Questions About Cambodia’s Gold Imports
Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia — a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling.
— VOA Cambodia

See here for more of today’s Cambodia morning news

 

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

Foreign Aid for Palu, Donggala Disaster Starts to Arrive
Vice President Jusuf Kalla announced that foreign aid from three countries for the victims of Palu and Donggala earthquake and tsunami have started to arrive.
— Tempo.co

Damage From Central Sulawesi Disaster Estimated at More Than $650m
Jakarta. Officials estimate that the total losses from last week’s earthquake and tsunami in Central Sulawesi will likely surpass $658 million, making it one of the costliest disasters to have hit Indonesia in the past five years.
— Jakarta Globe

Government to double £2 million of UK support to Indonesia Appeal
International Development Secretary, Penny Mordaunt, has today (Thursday, 4 October) announced that the UK will provide further assistance to those affected by the earthquake and tsunami, by aid matching the Disasters Emergency Committee’s appeal.
— Gov.UK

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by John Le Fevre @photo_journ

 

Lao economic growth remains resilient despite heightened global uncertainty:WB
Laos’ economic growth of expected to reach 6.9 percent in 2019-2020, according to the latest World Bank (WB) economic report on the region.
— Vientiane Times

Inaugural Global Digital City Forum Opens The Digital World Gate With The “Golden Key”
In the past few days, digital technologies such as artificial intelligence, big data, and blockchain have become high-frequency words of the 20th China International Fair for Investment and Trade.
— KPL

Lao tax: Everyone who travels pays
Foreign travellers including Thai border pass holders are already paying the USD1 travel tax to cross the border between the Thai riverside town of Chiang Khong and Houay Xai in Laos.
— TTR Weekly

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men @MenSreypov

 

New national car to roll out before 2020
The new national car project is expected to roll-out its first model before 2020, said Entrepreneur Development Minister Mohd Redzuan Yusof.
— The Star Online

World Bank sees Malaysia hitting high-income status by 2024
Malaysia’s economy is projected to expand at 4.7% in 2019 and 4.6% in 2020 despite challenges, while the country is expected to achieve high-income nation status at some point between 2020 and 2024, says the World Bank.
— FMT

Malaysia Airlines and Jet Airways expand codeshare agreement
Malaysia Airlines and Jet Airways have announced a codeshare agreement expansion, offering guests a wider network of destinations.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

Sitting during Myanmar national anthem punishable by 3 years in prison
A minister in the Yangon Region government has issued a reminder that sitting while the Myanmar national anthem is played in cinemas is illegal, and those who do it will face a prison sentence of up three years in prison, plus the possibility of a K300,000 fine.
— Coconuts Yangon

Govt, JICA sign agreement worth 6,033 million yen to implement Mandalay port project
The Directorate of Water Resources and Improvement of River Systems and Japan International Cooperation Agency signed an agreement worth 6,033 million yen in grant aid for a Mandalay port construction project on Wednesday.
— Eleven

Myanmar torches USD1.3 million of wildlife parts
Elephant skins, clouded leopard remains and tiger bones were among a USD1.3 million haul of illegal wildlife incinerated yesterday in Myanmar’s first ever public event of its kind against the illicit trade.
— Borneo Bulletin

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

 

World Bank trims PH growth forecast
The World Bank trimmed its growth forecast for the Philippines in 2018, but said the Philippine economy will remain resilient in the face of elevated inflation.
— ABS-CBN News (video)

LandBank offers P300-million loans to Ompong-hit Northern Luzon farmers
THE Land Bank of the Philippines (LandBank) is extending at least P300 million in loans to Northern Luzon farmers affected by Typhoon Ompong to help them recoup their losses.
— Business Mirror

Corporate abuses cost gov’t P43 billion, DOF says
The national government is losing billions of pesos in tax leakages to firms that possibly exploit the country’s convoluted corporate income tax (COT) system and abuse transfer pricing schemes, the Department of Finance (DOF) said yesterday.
— Manila Bulletin

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by John Le Fevre @photo_journ

 

S$131 million in ComCare support given to needy households in FY2017
A total of S$131 million was disbursed in the last financial year to about 79,500 beneficiaries of the various ComCare schemes, with the number of households receiving such assistance increasing over the past five years.
— Channel NewsAsia (video)

Big-ticket property deals fall 42% in Q3 after cooling measures
THE tally of big-ticket property transactions of S$10 million and above across all sectors tumbled 42 per cent to S$6.5 billion in the third quarter from S$11.2 billion in Q2 – after the July property curbs put the brakes on residential collective sales.
— The Business Times

Caps set on how much foreigners living here can borrow
Foreigners living in Singapore, including foreign workers and maids, will be limited in the amount of money they can borrow from licensed moneylenders.
— 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

 

Thai economy expected to hit 4.5 per cent, says World Bank
Thailand’s economy will grow 4.5 per cent this year, 0.4 percentage points higher than forecast in April this year, the World Bank said on Thursday.
— The Nation

Thai National Shippers’ Council expects 9% growth in exports this year
The Thai National Shippers’ Council (TNSC) has given an upbeat review of the country’s trade growth, expecting 9% expansion for the year.
— NNT

Consumer spirits down in September
Consumer confidence fell for the first time in four months in September, as people were more concerned about the impact of higher oil prices, relatively low farm prices, an escalating international trade row and the slow pace of economic growth.
— Bangkok Post

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men @MenSreypov

 

FDI lays foundation for acceleration of oil and gas sector
Since the Vietnamese Government and Italian contractor AGIP signed the first production sharing contract in 1978, foreign direct investment (FDI) in the oil and gas sector has not only brought large revenue to the country but also laid important foundations for the sector to develop strongly.
— VietnamPlus

Vietnam’s first domestic car manufacturer bets big at Paris Motor Show
At a time when auto companies in the developed world are facing a squeeze on their profits from cash-rich tech firms, Vietnam is betting car-making can be a ticket t o a more prosperous economy, just as it was for the likes of Japan and South Korea.
— The Straits Times

Vietnam Q1-3 fruit and vegetable exports: US$ 3.1 billion
Earnings from fruit and vegetable exports in the first nine months of the year reached US$ 3.1 billion, a year-on-year surge of 17.1%, according to the Ministry of Agriculture and Rural Development.
— Fresh Plaza

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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