Asean morning news for December 11

Asean morning news for December 11

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu         @stmarisewudolu

 

India to review ‘lopsided’ free trade pacts with Asean, secure better deals
Weeks after pulling out of proposed mega free trade pact RCEP, India would review lopsided trade agreements with Association of Southeast Asian Nations (ASEAN) and secure better deals.
— Business Standard

ASEAN firms are full of steam and want to be green
Southeast Asian firms top the charts globally for their bullish growth prospects as well as their sense of accountability for achieving the United Nations’ sustainability goals.
— The Asset ESG

ASEAN-5 likely to lead “a relatively fragile recovery” in 2020: Nomura
ASEAN is likely to see a gradual rather than V-shaped recovery in 2020, with the five largest Asean economies expected to clock gross domestic product (GDP) growth of 4.5 per cent in 2020, picking up after having previously slowed to 4.3 per cent in 2019 from 4.9 per cent in 2018, according to Nomura Global Market Research’s Asia 2020 outlook, which covered nine major Asian economies.
— The Business Times

Indonesia Among Countries With High Human Development: UNDP
Indonesia has joined the group of countries with high human development index despite no gain in ranking, according to a report by the United Nations Development Programme, or UNDP, released on Monday.
— Jakarta Globe

Norway launches new initiative to reduce plastic pollution in ASEAN
We are facing a serious problem of plastic pollution. According to Environment and Forestry Minister Siti Nurbaya Bakar, Indonesians use 9.8 billion plastic bags each year.
— The Jakarta Post

Chinese envoy defends position on South China Sea
A Chinese envoy on Tuesday defended China’s position on the South China Sea, saying that its claims are in line with relevant international law and practices.
— Xinhuanet

Japan offers Southeast Asia way out of US-China rivalry
Asian geopolitics is often reduced to great-power rivalry between the U.S. and China. This is especially the case in Southeast Asia, where regional leaders have repeatedly expressed their unwillingness to choose between the two.
— Nikkei Asian Review (paywall)

Mekong River turns aquamarine due to low flows
The Mekong River has turned blue-green in some places as opposed to its usual muddy color, possibly due to its extremely low flow now.
— VnExpress International

Asean’s quiet resilience in the face of rivalries
Asean should have begun to crack and fall apart from the strain of the rising geopolitical rivalries in Asia between the United States and China, if what critics say about its fragility were true.
— Khmer Times

ASEAN Regulators Are Shoring Up Climate Safeguards: WWF
ASEAN financial regulators and banking associations are shoring up regulatory safeguards against mounting environmental and social (E&S) risks, WWF Singapore says in a new report.
— Regulation Asia

Outlook for Asean in 2020 Is Quite Cautious: BofA Securities’s Nagutha
Faiz Nagutha, Asean economist at Bank of America Securities, discusses why he says the outlook for Asean in 2020 isn’t so great. He speaks on “Bloomberg Markets: Asia.”
— Bloomberg (video)

EAM to host key dialogues to build upon growing recognition of Indo-Pacific concept
The External Affairs ministry will host two key dialogues this week to build upon the growing recognition of the Indo-Pacific concept in strategic and academic circles, an official statement said on Tuesday.
— The Economic Times

Financial authorities indifferent to ASEAN financial center
Korea’s financial authorities have come under fire for taking indifferent attitude toward the Korea-ASEAN Financial Cooperation Center which will be established in Jakarta, Indonesia, in 2020.
— The Korea Times

Thammasat Establishes Connection with CLMV Countries by Bringing CLMV’s Elites to Links Thai-ASEAN Connections
The existence of ASEAN is not only for economic benefits but also for the connections between member countries. It also increases opportunities in the labor market to exchange human resources.
— QS Wow News

Online spending in SE Asia to outstrip digital consumer growth by 2025, says study
Online spending in Southeast Asia is expected to grow three times faster than the growth of digital consumers by 2025, with clothing and personal care emerging as two of the leading categories, according to a study by Facebook and Bain & Company.
— Malay Mail

BREAKING: AFC Cup 2020 Groups revealed; ASEAN heavyweights Ceres Negros, Bali United in group of death
A new year brings new challenges. AFC Cup is one of those challenges, with clubs in Asian vying to lift the continental trophy.
— FOX Sports

When clearer waters can mean serious consequences for Mekong
With parts of the Mekong River turning an unusual blue-green, an inter-governmental commission has warned of possibly serious consequences if water levels stay low in the increasingly dammed river.
— The Straits Times

India scholarships for Asean
The Indian embassy in Cambodia recently offered PhD scholarships to 1,000 Asean citizens to study at the Indian Institute of Technology (IIT).
— New Straits Times

As esports pushes its legitimacy, PH hosting sets Asean bar
Competition is heating up and the medal rounds are looming. It’s the Southeast Asian Games and gladiators of a different make have been battling it out at Filoil Flying V Centre, hoping to make themselves count for their country in the medal tally.
— Philippine Daily Inquirer

Southeast Asia emerges as key market to S. Korean financial firms
Nearly decade-old efforts by South Korean financial firms to find new business opportunities in Southeast Asian seems to be finally paying off as the region is fast-becoming their key market after the saturated Korean market.
— Pulse News

Why 2020 and the next decade looks good for business in Southeast Asia
End the year on a postivite note with Asia Partners report 2019 that elicits the success metrics and needs of the the tech business ecosystem in Southeast Asia.
— e27

ASEAN’s culture promoted in Mexico
The ASEAN Committee in Mexico City (ACMC) has hosted a bazaar to promote culture of the bloc’s member countries in Mexico.
— Vietnamplus

Vietnam attends ASEAN – China Centre Joint Council’s meeting
Ambassador Tran Duc Binh, head of Vietnam’s permanent mission to ASEAN, has attended the 9th Meeting of the Joint Council of the ASEAN – China Centre (ACC) in Xian, China.
— Vietnamplus

‘Death by plastic’ for animals must spur Southeast Asia to tackle waste crisis
The animal is dead. It can be a fish, bird, mammal or reptile. An autopsy is conducted and inevitably reams of plastic are discovered in its stomach.
— South China Morning Post

Cambodia morning newsCambodia morning news

Compiled by Raksmey Khoem          @raksmey.aecnews

 

U.S. imposes sanctions Cambodian PM’s associates over alleged corruption
The U.S. Treasury has imposed sanctions on a businessman and a senior government official with close links to Cambodian Prime Minister Hun Sen, accusing them of corruption.
— World News 

Senators approve $8.23 billion national budget for next year
The Senate yesterday unanimously adopted a budget of $8.23 billion for next year’s national budget.
— Khmer Times

Cambodia economic zone eyes companies fleeing Thai costs
he operator of Cambodia’s Phnom Penh Special Economic Zone opened a new industrial park close to the Thai border on Monday, in hopes of attracting manufacturers seeking a second Southeast Asian hub amid rising wages in Thailand.
— Asia Nikkei Review (paywall)

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews

 

Indonesia’s GDP growth to remain sluggish, or even slow next year: Analysts
Indonesia’s GDP growth is expected to remain sluggish in 2020 as weakening exports and commodity prices in addition to global uncertainties continue to take their toll on the economy.
— The Jakarta Post

Indonesia October retail sales grow at fastest pace in five months
Growth in retail sales in Indonesia accelerated to 3.6% in October from a year earlier, the fastest pace in five months and picking up strongly from September’s 0.7%, a central bank survey showed on Tuesday.
— Reuters

Indonesia preparing lawsuit against EU for import duties on biodiesel
The Indonesian government is preparing a strategy to file a lawsuit against the European Union (EU) decision imposing import duties on Indonesia biodiesel, Secretary General of the Trade Ministry Oke Nurwan said.
— Antara News

See here for more of today’s Indonesia morning news

Lao PDR morning newsLao PDR morning news

Compiled by Raksmey Khoem         @raksmey.aecnews

 

Thailand Hopes to Attract Affluent Lao Tourists
Thailand will push health and wellness tourism and shopping to attract high-income tourists from Laos.
— The Laotian Times

Foreign ministry seeks ways to boost economic growth in Laos
To this end, the ministry organised the 14th Foreign Affairs Meeting and also met with the business sector to discuss what the foreign ministry can do to help promote trade connections between Laos and international communities.
— ANN/Vientiane Times

Switzerland increases employment opportunities for local disadvantaged in Laos
Deputy Minister of Planning and Investment, Dr Kikeo Chanthaboury and Regional Director for Swiss Agency for Development and Cooperation (SDC), Mr Jean-Francois Cuenod signed an agreement on Friday to support vocational education and improve the employment chances of local disadvantaged people.
— ANN/Vientiane Times

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men         @MenSreypov

 

Malaysia considering selling stakes in Petronas to states
Malaysia is considering selling stakes in energy giant Petronas to states where the company’s oil and gas fields are, Prime Minister Tun Dr Mahathir Mohamad told Reuters on Tuesday, in a bid to raise funds for the debt-laden government.
— New Straits Times

Malaysia, Indonesia agree to use drones to patrol borders
Malaysia and Indonesia have agreed in principle to use drones and other technologies to monitor their borders, said Malaysia’s Home Affairs Minister Muhyiddin Yassin on Tuesday (Dec 10).
— Channel NewsAsia

UN: Malaysia enters Very High Human Development category of nations
Malaysia has scored a high 0.804 on the United Nations Development Programme’s (UNDP) Human Development Index (HDI) for 2018, placing it in the Very High Human Development category.
— New Straits Times

See here for more of today’s Malaysia Morning News

Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men         @MenSreypov

 

Industrial sector improving despite weak economy: an official
Aye Thaung, Chairman of Shwelinban Industrial Zone, told the media that although it is somewhat right to say that Myanmar’s economy is slowing down in various sectors, the industrial sector is improving.
— Eleven Myanmar

Online payments now available for company registration
The Directorate of Investment and Company Administration (DICA) has announced that it is now able to accept online payments for the registration of companies at its Myanmar Companies Online (MyCO) webiste.
— Myanmar Times

Gambia details mass rapes, killings in Myanmar at World Court
The Gambia’s legal team described mass rapes, the burning of families in their homes and the killing of dozens of Muslim Rohingya children with knives as it set out its genocide case against Myanmar at the UN’s International Court of Justice on Tuesday.
— Thai PBS World

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu         @stmarisewudolu

 

154 attacks, threats vs. journalists recorded from 2016 to 2019 –report
A total of 154 attacks or threats against journalists were recorded between the start of President Rodrigo Duterte’s term in June 2016 and December 5, 2019, according to a report by a network of media entities.
— GMA Network

FDI net inflows fell 37% to $5.1b in first nine months
Net inflows of foreign direct investments went down by 2.9 percent in September to $566 million from $582 million a year ago, pulled down by the adverse effects of the prolonged trade dispute between the US and China, the Bangko Sentral ng Pilipinas said Tuesday.
— Manilastandard.net

Supreme Court allows live coverage of Ampatuan massacre judgment
The Supreme Court (SC) en banc ruled on Tuesday, December 10, to allow live coverage of the most awaited decision on the Ampatuan massacre which will be held on December 19 inside Camp Bagong Diwa in Taguig.
— Rappler

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews

 

Singapore keeps ninth spot on UN human development index
Singapore has come in ninth on the latest United Nations Human Development Index, which uses indicators such as life expectancy and education to gauge a country’s level of development.
— Straits Times (annoying popups)

Singapore to update climate pledge it made under Paris Agreement: Masagos
This comes some five years after Singapore made its first climate pledge – which outlined its plans to limit its planet-warming greenhouse gas emissions by 2030 – under the historic Paris Agreement.
— Straits Times (annoying popups)

Singapore is 2nd in the world for most affordable food – but local diets lack good protein: EIU Report
Think food is pricey in Singapore? You might be forced to swallow your words – after the state of Qatar, the Republic has been found to have the most affordable food in the world, according to the latest Global Food Security Index.
— Business Insider

See here for more of today’s Singapore morning news

Thailand morning newsThailand morning news

Compiled by John Le Fevre         @photo_journ

 

GSB: Startups continue bleeding confidence in Q3
Startup entrepreneurs’ confidence has continued to fall, dipping to 51.85 for the third quarter because of the faltering economy, cautious consumer spending and intensified competition, according to a Government Savings Bank (GSB) survey.
— Bangkok Post

FFP boss didn’t dodge draft: Apirat
Army chief Apirat Kongsompong confirmed on Tuesday that Future Forward Party leader Thanathorn Juangroongruangkit underwent military conscription after reports spread online he used a fake Sor Dor 9 military form.
— Bangkok Post

School merger plans worry teachers, parents
The Education Ministry on Tuesday admitted that a proposed plan to merge 5,447 small-sized schools into larger ones over the next three years is worrying the many teachers and parents who will be affected.
— Bangkok Post

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men         @MenSreypov

 

Vietnam greenlights $141 mln northern expressway
Deputy Prime Minister Trinh Dinh Dung has approved construction of VND3.27 trillion ($141 million) expressway connecting two northern provinces to serve rising travel demand.
— VnExpress

Vietnam’s banking sector is an attractive investment opportunity
It is a rare combination where Vietnamese banks are growing fast and are quite profitable, Harsh Modi, co-head of Asia ex-Japan for financials research at the investment bank, told CNBC.
— Vietnam Insider

Hanoi ranked second nationwide in number of enterprises
The ratio of enterprises to population in Hanoi stood at 1:38, nearly four times the national average at 1:144.
— The Hanoitimes

See here for more of today’s Vietnam morning news

 

 

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