Asean morning news for April 29

Asean morning news for April 29

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Investible expands entrepreneur search to Asean with OTEC 2019
If you are an entrepreneurs or the owners of a startup in Asean take note. Investible is coming to a city near you.
— AEC News Today

Xi’s Belt and Road rakes in US$64 billion
Chinese President Xi Jinping said Saturday US$64 billion in deals were signed at a summit on his Belt and Road Initiative (BRI) and more nations would join the global infrastructure programme as he sought to ease concerns over the colossal project.
— The Asean Post

S Korea set to hold ASEAN maritime drills
A two-part maritime exercise by the 10-member Association of Southeast Asian Nations (ASEAN) and its partnering countries is slated to start in South Korea’s port city of Busan this week, the country’s Navy said on Sunday.
— Business Standard

Siem Reap ranks top spot to visit
Siem Reap, Cambodia, ranks first in Southeast Asia, largely thanks to its proximity to Angkor Wat according to a study conducted by online travel platform YouDiscover.
— TTR Weekly

China begins joint naval drills with six Southeast Asian nations
China said on Thursday it had begun a new round of joint naval exercises with its military partners from six Southeast Asian nations in waters off its east coast.
— Yahoo News

Minister: Tourism industry can drive Asean economy, investment
The Asean tourism industry has a vital role in helping this region to develop the economy and drive investment, says Tourism, Arts and Culture Minister Datuk Mohamaddin Ketapi.
— Malay Mail

ASEAN consider inclusion of local currencies in trades to kill US dollar
The Association of Southeast Asian Nations (ASEAN) and its East Asian partners are considering the ways to add local currencies to their financial transactions to reduce reliance on the US dollar and maybe kill it softly over time.
— Mehr News Agency

First study of Southeast Asian fishmeal industry shows path to sustainability
The first comprehensive look at the fishmeal industry across Thailand and Vietnam was released 26 April, providing recommendations for achieving a sustainable supply chain.
— SeafoodSource

Would a nuclear war erupt over South China Sea dispute?
A reef (rock, sand or coral just above or below the sea surface) called Mischief has many other names — it’s called Meiji Jaio by China; Panganiban by the Philippines, Meiji Reef by Taiwan; and Da Vahn Khan by Vietnam.
— Gulf News Asia

Sunsuria plans partnerships with two Chinese firms for smart logistics park, Asean automotive centre
Sunsuria Bhd is planning to work with two Chinese firms to explore business opportunities in smart logistics park, and to set up an automotive design and innovation centre that will undertake product research and design, talent development, and more to improve operational efficiency for the automotive industry in Malaysia and Southeast Asia.
— The Edge Markets

New pact involving UOB, SGX to help Chinese firms use Singapore as launch pad into ASEAN
A new pact has been signed to help Chinese companies tap on Singapore’s capital markets and expertise as a regional treasury hub and global financing centre, when they venture into Southeast Asia.
— CNA

Asean taekwondo meet set May 4-5
Organized by the Philippine Taekwondo Association, the prestigious international event will see campaigners from Brunei, Cambodia, Malaysia, Myanmar, Singapore, Timor-Leste, Vietnam and host Philippines vie in Kyurugi (free sparring) and Poomsae (forms).
— Tempo

Cambodia morning newsCambodia morning news

Compiled by Piseth Pov          @piseth6666

 

Can Blockchain help rice farmers fight poverty?
In Cambodia, Oxfam is using Blockchain technology with rice farmers, exporters, and a rice cake maker in Europe to help poor farmers get a better deal.
— OX Fam America

20 rare Royal Turtles released into natural habitat in SW Cambodia
Twenty Cambodia’s nearly extinct Royal Turtles were released on Friday into their natural habitat in the Sre Ambel River in southwest Preah Sihanouk province, a conservationist group said.
— Xinhua

Cambodia’s Temperature Records 40-42 Degree Celsius until 11 May
Cambodia will continue to feel the scorching hot weather with the record temperatures of 40-42 degrees Celsius until 11 May 2019, according to the forecast of Cambodian Department of Meteorology on Saturday.
— Fresh News

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Piseth Pov          @piseth6666

 

Minister optimistic that Indonesia would escape China’s BRI debt trap
Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan is upbeat that Indonesia would not be ensnared by a debt trap emerging from China’s Belt and Road Initiative (BRI).
— Antara News

Indonesia to launch Sharia Economy Masterplan in May
The government plans to launch the 2019-2024 Sharia Economy Masterplan on May 14, as a road map for the development of the sharia economy to support national economic development in the country that has the largest Muslim population on the planet.
— The Jakarta Post

Indonesia is too slow!
A recent analysis by discount code portal CupoNation Indonesia found that Indonesia ranks low in Southeast Asian countries in terms of fibre optic internet connection speeds, which heavily depends on a country’s infrastructure, geography, and many other factors.
— The Asean Post

See here for more of today’s Indonesia morning news

Lao PDR morning newsLao PDR morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Govts sign Thai-Lao rail deal
Thailand, China, and Laos have signed a Memorandum of Cooperation (MoC) on the development of a rail line between Nong Khai and Vientiane in Laos, which forms part of China’s much-touted Belt and Road initiative.
— Bangkok Post

Laos backs China-led BRI trade infrastructure expansion
President Bounnhang Vorachit has voiced the Lao government’s support for the China-led Belt and Road Initiative, saying the global project will help to transform Laos from being landlocked into a land link.
— Vientiane Times

7,000 children set to benefit from new education project
An education project benefiting 7,000 children will get underway this year which officials expect will improve school governance, assist with school readiness and develop basic literacy and numeracy skills among pre-school and primary school students.
— Vientiane Times

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men           @MenSreypov

 

Trade minister debunks Malaysia’s distaste for China’s Belt and Road as misrepresentation
Critics of the Belt and Road Initiative (BRI) had warped the Pakatan Harapan government’s request to review the East Coast Rail Link (ECRL) project as distaste for Beijing’s ambitious global trade plan, Malaysia.
— Malay Mail

CIMB launches future of work centre, targets 15% to have digital skills by 2023
CIMB Group Holdings Bhd launched its Future of Work Centre (FOWC) to prepare its employees for a highly digitalised environment as it targets to have at least 15% of them equipped with digital skills by 2023.
— The Star Online

Health Ministry: Smoking, obesity main contributors to diabetes, hypertension in Malaysia
Smoking and obesity are among the major contributors to non-communicable diseases (NCDs) such as diabetes and hypertension in the country which are at an alarming level.
— Malay Mail

See here for more of today’s Malaysia Morning News

Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men           @MenSreypov
 

Myanmar, China to collaborate on infrastructure, technology
State Counsellor Daw Aung San Suu Kyi signed two Memorandums of Understanding (MoU) and one agreement with China on April 25, according to the Ministry of Information.
— Myanmar Times

Myanmar legalizes cannabis-growing
The arrest of an American man in Myanmar for growing 20 acres of cannabis plants is unjust because authorities were aware that his company was doing scientific research and police were confusing hemp with recreational marijuana, his lawyer said Friday.
— Manila Times

FDI needed for undeveloped regions but no plans for tax incentives
Although more foreign direct investments (FDI) are needed for the undeveloped Regions and States, there are no plans to revise current tax relief scheme as yet, said U Thant Sin Maung, acting director general of the Directorate of Investment and Company Administration (DICA).
— Myanmar Times

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

GOCC subsidies reach P5.74 B in March
The national government has granted P5.74 billion in subsidies to state-owned corporations last March, the bulk of which went to the National Irrigation Administration (NIA) and the National Food Authority (NFA), according to the Bureau of the Treasury (BTr).
— The Philippine Star

The Philippines’ Rodrigo Duterte broached South China Sea ruling in meeting with China’s Xi Jinping
Philippine President Rodrigo Duterte, in a meeting this week with his Chinese counterpart Xi Jinping, brought up the thorny issue of a 2016 arbitration award favoring his country in a territorial dispute with China in the South China Sea, senior Philippine officials said Saturday.
— The Japan Times

Deficit plunges in March on 2019 budget delay, strong revenue collections
THE budget deficit narrowed by 47.23% year-on-year in March after a strong revenue performance, while spending was dampened by the delay in the passage of the 2019 Budget, the Bureau of the Treasury (BTr) said.
— BusinessWorld Online

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Piseth Pov          @piseth6666

 

Singapore’s Economy Will Slow in 2019, Says Central Bank
Singapore’s economy will slow in 2019, reflecting a weakening in key trading partners and a further cooling of the electronics sector, the central bank said.
— Bloomberg

Singapore closer to becoming Asia’s debt restructuring hub
SINGAPORE is a step closer to fulfilling its aim to become an international debt restructuring hub, akin to London or New York, after a landmark ruling by an English court to recognise the city-state’s new moratorium law for insolvency and corporate restructuring.
— The Business Times

Belt and Road initiative crucial in strengthening regional and multilateral cooperation: PM Lee
Amid a global pushback against globalisation and growing distrust of public institutions and governments, China’s Belt and Road initiative (BRI) can play an important role in strengthening regional and multilateral cooperation, Prime Minister Lee Hsien Loong said.
— Today Online

See here for more of today’s Singapore morning news

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

Maha Sarakham districts have no water at all, Phuket gets first decent rain for the year
Tap water has run completely dry in six villages in a Maha Sarakham district, right in the middle of Thailand’s north-east Isaan region, in what’s been described as the worst drought in 40 years.
— The Thaiger

Interest doubles Hopewell compensation to B25bn
The State Railway of Thailand will ask the government to pay the court-ordered 25-billion-baht compensation, including 13-billion-baht interest, to Hopewell (Thailand) Co for its cancellation of the company’s huge transit project contract.
— Bangkok Post

FFP faces new shares storm
Activist Srisuwan Janya will on Monday petition the Election Commission (EC) to investigate 11 election winning candidates from the Future Forward Party (FFP) over allegations of shareholding violations.
— Bangkok Post

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men           @MenSreypov

 

Long-delayed solar power plant opens in central Vietnam
A long-delayed solar power plant inaugurated in the central province of Quang Ngai gives renewable energy production a boost.
— VnExpress

Petrolimex focus on divestments and restructuring in 2019
Việt Nam National Petroleum Group (Petrolimex) will focus on divestments and restructuring in 2019, implementing unfinished tasks from last year, the company’s management board announced at its annual shareholders’ meeting on Friday.
— Viet Nam News

PM urges property laws to be finalised
The Prime Minister has asked the Ministry of Construction (MoC) and relevant ministries to complete the legal system regarding the local property market to ensure sustainable development, according to the Prime Minister’s direction issued on April 23.
— Bizhub

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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