Asean morning news for April 25

Asean morning news for April 25

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Southeast Asia to suffer intense, more frequent drought without government action: UN and Asean report
rought in Southeast Asia may become even more frequent and intense if countries do not take steps to reduce its impact, according to a joint study from the United Nations Economic and Social Commission for Asia and the Pacific (Escap) and Asean.
— South China Morning Post

Korean Health Authority to Run ODA Project for Five Developing Countries in Western Pacific
The National Institute of Food and Drug Safety Evaluation (NIFDS) of the Ministry of Food and Drug Safety (MFDS) said on April 23 that it will implement an official development assistance (ODA) project for five developing countries in the Western Pacific region, including Cambodia, Laos, Vietnam, the Philippines and Mongolia.
— BusinessKorea

Economic diplomacy: ASEAN trade, BRI deals and ageing Asia
When the Australian Chamber of Commerce and Industry surveyed its members last year about their use of trade agreements, the ASEAN-Australia New Zealand Free Trade Agreement surprisingly emerged as the third best known and used of 14 available trade concession frameworks.
— The Interpreter

World Bank economist: No risk of debt distress for Philippines, Asean
Despite Chinese debt trap fears, Asean countries including the Philippines would unlikely have difficulty settling their obligations, an economist of the Washington-based multilateral lender World Bank said Wednesday.
— Inquirer.net

USF receives new NIH grant to help eliminate malaria in Southeast Asia
The University of South Florida has been awarded approximately $700,000 in initial funding from the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health, to study the effects of malaria treatments and mosquito control measures on health outcomes in Southeast Asia.
— EurekAlert (media release)

ASEAN Commerce Ministers meet in unofficial conference in Phuket
In our ASEAN segment today, we focus on the unofficial meeting of ASEAN Commerce Ministers being hosted by Thailand in Phuket today. The members have discussed the approaches to prepare the bloc for future challenges, connectivity, and creating stability in all dimensions.
–NBT World (video)

BRI boosts connectivity between China, ASEAN markets: Malaysian gov’t agency
Businesses between China and the Association of Southeast Asian Nations (ASEAN) will benefit from the China-proposed Belt and Road Initiative (BRI), the Malaysian External Trade Development Corporation (MATRADE) said on Wednesday.
— China.org.cn

Asia-Pacific investors head to Southeast Asia for acquisitions
Corporate executives in the Asia-Pacific region remain upbeat on international investments, ­although interest in Southeast Asia has begun to displace previously favoured destinations, ­according to a survey by law firm Baker McKenzie.
— Bangkok Post

China’s waste ban has turned Southeast Asia into the world’s dumping ground
Ever since China banned the import of most types of plastic waste in 2018, countries including the United States and Germany have sought to find somewhere else to send their trash.
— Inkstone (video)

Subaru begins production of made-in-Thailand SUVs for Southeast Asian market
Tucked away in a nondescript industrial estate close to Bangkok’s Suvarnabhumi Airport lies an assembly plant producing one of Subaru’s best selling car models – the Forester.
— CNA

Experts discuss ways to enhance cultural exchange between Korea, ASEAN
The Korean Wave has enhanced cultural exchange between Korea and the 10 member states of the Association of Southeast Asian Nations, building a close regional bond, experts said at a forum organized by The Korea Herald on Wednesday.
— The Korea Herald

Southeast Asian Power Market Overview
The Southeast Asian region as a whole represents one of the largest economies in the world. Growth accelerated to 5.2% in 2017, a 0.5% increase from 2016, and is expected to remain the same till 2019.
— Market Mirror

UnionPay International inks partnership deals
UnionPay International signed agreements of cooperation with major financial institutions from Laos, Indonesia, Thailand, the United Arab Emirates and Uzbekistan on Tuesday, to promote localization of its business in countries and regions involved in the Belt and Road Initiative and to support people-to-people exchanges between China and these economies.
— Chinadaily.com.cn

South East Asian FMD threat exposed
FOOT and mouth disease remains the single great threat to the global beef and livestock trade, and is a particular problem in developing countries where the disease goes largely untreated.
— Queensland Country Life

Mekong forum details float this week
You would be forgiven for thinking the organisers of the Mekong Tourism Forum are taking a rain check on the 23rd annual edition.
— TTR Weekly

‘ASEAN tiger’ shippers say they don’t need ULCVs on the intra-Asia trade
As the ASEAN “tiger economies” continue to reshape the world’s largest container trade, some domestic shippers are questioning the industry’s march towards ultra-large container vessels (ULCVs).
— The load Star

IBMR looks to decentralization to solve corruption in Southeast Asia
David Sinjin Jung has attended divinity school and worked in online gaming. He’s earned an MBA and founded a company with a successful exit.
— Bankless Times

Cambodia asks for Asean help in EU tariff dispute
Cambodia has asked fellow Asean member states to issue a joint declaration to the European Union decrying the EU’s decision earlier this year to impose import duties on Cambodian rice.
— Khmer Times

Cambodia morning newsCambodia morning news

Compiled by Piseth Pov          @piseth6666

 

Power cuts unlikely to stunt Cambodia’s growth… just yet
The Asean Development Bank (ADB) recently forecast Cambodia’s economy to grow by 7 per cent this year and ease slightly to 6.8 per cent in 2020. While the bright forecast would ordinarily be good news, it is likely to only worsen a massive power shortage gripping the country.
— AEC News Today

Rent hike delayed, reduced after protest
Authorities in Por Senchey district’s Chom Chao I commune yesterday met with landlords of rooms being rented to garment workers within Canadia Industrial Park and convinced them to reduce expected rent hikes following a protest by hundreds of workers on Sunday.
— Khmer Times

Schools in need of fans and AC
Education Minister Hang Chuon Naron has appealed to parents to be patient with the ministry as it struggles to equip all schools with enough fans and air conditioning units during a current hot spell in the Kingdom.
— Khmer Times

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Piseth Pov          @piseth6666

 

Indonesia Scores 2nd Slowest Internet Connection Speed in SE Asia
An analysis by discount code portal CupoNation Indonesia found that Indonesia ranks low in Southeast Asian countries in terms of fiber optic internet connection speed, which heavily depends on a country’s infrastructure, geography, and many more elements.
— Tempo.co

Post-Election, Indonesian President Expected to Go Soft on China Despite Maritime Flaps
Indonesian President Joko Widodo is expected to warm toward China in his second term in search of infrastructure funding instead of challenging Chinese sovereignty in a fishery-rich sea between them.
— VOA News

Indonesian Minister: Allegations of Systematic Poll Fraud ‘Baseless’
Opposition accusations that massive and systematic cheating marred the April 17 Indonesian elections were false and designed to delegitimize results, the security affairs minister said Wednesday, emphasizing that the nation’s electoral oversight bodies were independent and endorsed by parliament.
— Benar News

See here for more of today’s Indonesia morning news


Lao PDR morning newsLao PDR morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Infrastructure Development To Keep Laos Economy Growing Despite Headwinds, World Bank Says
Global economic headwinds are impacting on the East Asia Pacific, yet large infrastructure projects are still expected to accelerate economic growth in Laos, according to The World Bank.
— The Laotian Times

China Digs Deep in Landlocked Laos
Laos, a country of 6.8 million people roughly the size of China’s southern autonomous region of Guangxi, is often overlooked in China’s outreach to Southeast Asia.
— The Diplomat

Lao banks join hands to boost payment system
Seven major banks in Laos signed a memorandum of understanding on April 22 to establish the Lao National Payment Network (LAPNet) company for a faster, reliable and more convenient payment system.
— Vietnam Plus

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men           @MenSreypov

 

World Bank keeps Malaysia’s 2019 GDP outlook at 4.7%
The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7 per cent, driven by private consumption.
— The Star Online

Malaysia to restart $34bn Kuala Lumpur development with Chinese partner
The government of Malaysia has said it plans to resurrect Bandar Malaysia, the country’s biggest ever real estate development, which it terminated in May 2017 after a dispute with a consortium made up of Iskandar Waterfront Holdings (IWH) and China Railway Engineering Corp (CREC).
— Global Construction Review

Malaysia’s March CPI up 0.2 pct y/y, below forecast
Malaysia’s consumer price index rose 0.2 percent from a year earlier in March, rebounding after two months in deflationary territory, government data showed on Wednesday.
— Reuters

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men           @MenSreypov
 

Myanmar to export farmed fisheries to EU from May onwards
Myanmar will be able to export farmed marine products to the European Union (EU) starting from May 1, said U Thet Naing, deputy director of the Quality Control and Research Division of Fisheries Department.
— Myanmar Times

Govt received over 1,300 proposals for mining business in nine months
There have been about 1370 proposals on engaging in mining business over the past nine months, and only eight out of over 140 proposals submitted to region and state governments for their opinions have received replies, said Union Minister for Natural Resources and Environmental Conservation Ohn Win.
— Eleven Myanmar

Myanmar and China to practice barter system in line with MoU
Myanmar and China will practice barter system in line with MoU signed between the two countries. Myanmar will barter agricultural produces for construction materials, farm implements and fertilizer from China, said Ye Min Aung, President of Myanmar Rice Federation.
— Eleven Myanmar

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

World Bank economist: No risk of debt distress for Philippines, Asean
Despite Chinese debt trap fears, Asean countries including the Philippines would unlikely have difficulty settling their obligations, an economist of the Washington-based multilateral lender World Bank said Wednesday.
— Inquirer.net

Philippines considering making Pag-asa Island protected area
Pag-asa Island, an island in the middle of a diplomatic row between the Philippines and China, may one day become a “marine protected area” under Philippine laws.
— Rappler

WB: $1.90/day poverty gauge no longer suitable for PHL
MEASURING a country’s progress in poverty reduction using the global poverty threshold of $1.90 per day may no longer be advisable, especially for lower- and middle-income countries like the Philippines, according to the World Bank.
— Business Mirror

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Piseth Pov          @piseth6666

 

PM Lee on BRI forum, “China has become our biggest trading partner”
In an interview with Chinese news agency Xinhua, Singapore’s Prime Minister Lee Hsien Loong focused on the enormous growth in the relations between China and Singapore and underlined that there is still much potential for this.
— The Independent

Binance Singapore goes live and only supports bitcoin
Binance, the largest exchange by traded volume, has launched its third fiat-to-crypto exchange; this time in Singapore following exchanges in Uganda and Jersey.
— The Blockcrypto

NUS disciplinary board heard 26 sexual offence cases over three years
Over the past three years, 26 cases of sexual offences were brought before the National University of Singapore’s (NUS) disciplinary board, according to a summary of cases available on the university’s student portal.
— Straits Times (annoying popups)

See here for more of today’s Singapore morning news

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

World Bank puts Thailand’s 2019 GDP growth at 3.8 percent
The World Bank has cut Thailand’s growth rate projection this year to 3.8% from 3.9% compared to last year’s 4.1% GDP due to export growth slowing to 5.7% from last…
— Thai PBS News

Thailand says ‘making progress’ with high-speed Thai-Chinese railway
Thailand’s government said it is “making progress” with the much-delayed high-speed Thai-Chinese rail line that is to link Thailand, Laos and China, as the three countries prepared to ink another agreement this week at Beijing’s Belt and Road summit.
— Reuters

Army starts rolling in emergency water supply to Phuket
Lt Gen Pornsak Poonsawat, Commander of the Fourth Army Region base in Nakhon Sri Thammarat, which is the leading Army base in all of Southern Thailand, has ordered his troops to provide emergency relief water to water-starved communities across Phuket – starting with an initial delivery of 45,000 litres that is to arrive today (April 24).
— The Phuket News

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men           @MenSreypov

 

How to find the best Location for your business in Vietnam?
Vietnam developed industrial zones to further boost foreign investment into the country. Vietnam Briefing explains the industrial park system, how a businessperson can evaluate industrial zones, and some of the advantages of setting up in an industrial zone.
— Vietnam Insider

Vietnam is fastest growing market for m-payments
Vietnam has seen the highest growth in mobile payments in the past year, according to the Global Consumer Insights Survey 2019 conducted by PwC.
— Telecom Asia

Vietnam well-positioned to develop industrial property
Vietnam is well-positioned to develop industrial property, experts said at the Vietnam Industrial Real Estate Forum 2019 in Hanoi on April 23.
— Nhan Dan Online

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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