Asean Morning News For July 3

Asean Morning News For July 3

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Asean urged to work together on tax matters
ASEAN countries can benefit from collaborating more closely on tax matters, especially in the face of rising protectionism, tax practitioners from EY have said.
— The Business Times (paywall)

ASEAN, IoT and Market Outlooks
With records of all sorts being broken in the semiconductor industry in 2017, the signs for the end of the decade are promising.
— EET Asia (media release)

Asean urged to champion free trade
ASEAN and the broader East Asian region could play a leading role in promoting freer trade and investment flows amid a rising tide of protectionism, the chief of the UN’s trade and development arm said.
— The Nation

Timor-Leste on the road to democracy. Next stop, Asean?
As Cambodia and Thailand apparently move forward with their own versions democracy, the small nation of Timor-Leste has once again set an example for the regional grouping that it deserves to join – Asean.
— The Nation

South East Asia Continues to Evolve with Crypto Payments
Installments aren’t the main component of the Southeast Asian economy that is as of now being disturbed by blockchain innovation.
— Inside Bitcoins

Japan expands peacekeeping support in Africa and ASEAN
Japan’s Self-Defense Forces will provide more support for United Nations peacekeeping operations in Africa and Southeast Asia this fiscal year amid Tokyo’s concerns about China’s growing presence on such missions.
— Nikkei Asian Review (paywall)

ASEAN Automotive Aftermarket to Witness Steady Growth at CAGR of 9.6% by 2026
ASEAN Automotive Aftermarket includes the replacement, repair and maintenance of various auto parts and accessories.
— Fair Columnist

Time for an Indo-Australis?
Over the past year, there’s been a flurry of regional leaders offering their vision of the Indo-Pacific, the geostrategic concept spanning two oceans that is slowly replacing the Asia-Pacific as a dominant security and economic paradigm.
— Indonesia at Melbourne

Rights or repression — Southeast Asia’s choice
Attention has focused on whether the local elections in Indonesia helped or hindered President Joko Widodo’s re-election in next year’s presidential contest.
— Nikkei Asian Review (paywall)

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Phnom Penh’s housing crisis
Cambodia has emerged as one of Southeast Asia’s most promising young markets in recent years, with its construction and garments industries in particular attracting the lion’s share of foreign direct investment (FDI) to the nation, which amounted to US$1.92 billion in 2016.
— The Asean Post

National Bank of Cambodia warns of dodgy lenders
The National Bank of Cambodia (NBC) announced on Friday that it is seeking to cooperate with relevant stakeholders to crack down on illegal lenders.
— The Phnom Penh Post

NEC confident election will be free, fair and just
As the July 29 national election nears, Khmer Times COO Kay Kimsong interviews National Election Committee spokesman Dim Sovannarom on some critical issues that concern the public before the vote.
— Khmer Times

See here for more of today’s Cambodia Morning News

 

Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

$2m grant funds new program to fight antimicrobial resistance
Researchers at the Kirby Institute at UNSW Sydney, the London School of Hygiene and Tropical Medicine and university partners in Indonesia have been awarded almost $2 million by the Australian government’s Indo-Pacific Centre for Health Security to investigate antimicrobial resistance in Indonesia, under the Stronger Systems for Health Security research grants scheme.
— UNSW Newsroom

Indonesia logs higher foreign tourist arrivals in first 5 months
The cumulative number of foreign holiday makers visiting Indonesia by May ratchet up 11.89 percent to 6.17 million people from a year ago, the national statistics bureau announced here on Monday.
— Xinhua

Manufacturing Activity Indonesia Expands at Slower Rate in June 2018
Indonesia’s manufacturing activity continued to expand in June 2018 albeit at a lower level compared to the preceding month.
— Indonesia Investments (media release)

See here for more of today’s Indonesia Morning News

 

Lao PDR morning newsLao PDR Morning News

Compiled by Sreypov Men    @MenSreypov

 

Laos Will Issue Bonds in KIP
The Lao government has announced that it will issue domestic bonds in LAK (kip) – instead of foreign currencies – with a two-pronged objective aimed at avoiding risks linked to the exchange rate and strengthening the domestic capital market.
— Laotian Times

Lao social enterprise boosts wages of weavers | Video
In Laos, a social enterprise is helping hundreds of weavers earn up to three times the country’s minimum wage. Ock Pop Tok – which means East Meets West – started 17 years ago as a way to keep weaving alive, but now it’s doing much more.
— Channel NewsAsia (video)

China to enhance comprehensive cooperation with Laos: senior official
China will continue to closely coordinate with Laos to further deepen the bilateral comprehensive strategic partnership of cooperation, a Chinese senior official said on Monday.
— Xinhua

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov

 

Malaysia to maintain status quo on monetary policy direction
Malaysia is expected to maintain status quo on monetary policy direction despite neighbouring countries beginning to tighten interest rates.
— The Borneo Post

Remaining Malaysian Cabinet Ministers sworn in
A total of 13 ministers and 23 deputy ministers were sworn in before the Yang Di-Pertuan Agong, Sultan Muhammad V at the ceremony at the Istana Negara in the capital city.
— The Online Citizen

Malaysia freezes 408 accounts
Malaysia has frozen more than 400 bank accounts as part of a probe into a multi-billion-dollar scandal at state fund 1MDB, a task force said yesterday, as the stepson of former prime minister Najib Razak was summoned for questioning.
— The Daily Star

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

WB stops approving projects for Myanmar: Muhith
The World Bank (WB) has stopped approving projects for Myanmar as part of its move to beef up pressures for taking back its Rohingya people from Bangladesh in a peaceful way, said Finance Minister AMA Muhith yesterday, reports BSS.
— The Independent

Myanmar earns US$158 M from Myawady border trade
Myanmar earned about US$158 million from Myawady border trade route within two and a half month in this fiscal year.
— Eleven Myanmar

GDP expands to 7.4pc as more companies are cleared for business
Mandalay Region, Myanmar’s second largest city, has permitted the opening of 14 local and foreign businesses in the 2017-2018 fiscal year, said Dr Zaw Myint Maung, chair of the Mandalay Regional Investment Committee.
— Myanmar Times

See here for more of today’s Myanmar Morning News

 

Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

 

Gov’t sets P3.8-T disbursements for 2019
The Development Budget Coordination Committee (DBCC) announced on Monday that the government’s disbursement program next year is at PHP3.8 trillion and will be expanded to PHP5.362 trillion in 2022.
— Philippine Canadian Inquirer

Gov’t borrows P11.9B via Treasury bills
THE GOVERNMENT opted for a partial award of the Treasury bills (T-bills) on offer yesterday as yields on the longer tenors rose, with the market pricing in their expectations on inflation and of another rate hike from the central bank.
— BusinessWorld Online

MWSS’s ‘Annual Million Tree Challenge’ pledges reach 1.2 million trees
PLEDGES of participating agencies of the “Annual Million Tree Challenge” (AMTC), an initiative of the Metropolitan Waterworks and Sewerage System (MWSS), exceeded its target for 2018.
— Business Mirror

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by John Le Fevre    @photo_journ

 

Private home prices up 3.4% in Q2
Singapore private home prices jumped 3.4% as the private residential property index climbed 4.9 points from 144.1 points in Q1 to 149 points in Q2, the Urban Redevelopment Authority (URA) revealed. Growth softened from Q1 (3.9%).
— Singapore Business Review

Fewer BTO flats this year as resale market shows positive signs
The Housing Board is tapering off its supply of flats amid signs that the public resale market is finally starting to stabilise after a prolonged period of decline.
— The New Paper

Singapore’s manufacturing growth eases again in June
Singapore’s factory activity continued to expand in June but at a slowing pace, with the Purchasing Managers’ Index (PMI) down a marginal 0.2 point to 52.5, a report out on Monday (July 2) showed.
— 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

 

First Photos of Thailand Football Team Trapped in Flooded Cave Alive (HD video)
It was announced a little before 11pm on Monday, July 2 that all 13 members of a rural Thai football team trapped for the past ten days inside a flooded cave in northern Thailand had been found alive.
— AEC News Today (video)

PM Prayut ‘delighted’ at successful cave rescue
The Prime Minister, Gen. Prayut Chan-o-cha, has expressed his delight, after rescuers finally located the 12 young footballers and their coach in Tham Luang cave in Chiang Rai province and found that all of them were well.
— NNT

All 13 Football Team Members Found Alive inside Flooded Cave
Rescuers found all 12 boys and their football coach alive inside the flooded Tham Luang Cave Monday night.
— The Nation

See here for more of today’s Thailand Morning News

 

Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov

 

Manufacturing Business Surges In Vietnam
Manufacturing activity in Vietnam improved to one of the largest extents since the survey began in March 2011, Nikkei Asian Review reported.
— Investvine

Domestic, FDI business partnerships provide spark for electronics
The electronics industry is a typical example of Vietnam’s success in the development and integration process.
— VietnamNet Bridge

VSA recommends Gov’t not approve stainless steel project
The Vietnam Steel Association (VSA) has proposed the Government and relevant ministries and sectors seriously consider the approval of a stainless steel factory in Việt Nam.
— 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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