Asean morning news for February 5

Asean morning news for February 5

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Southeast Asia bucks trend of sinking global foreign investment
Southeast Asia is bucking the global trend of falling direct foreign investment, as the low-cost fast-growing region solidifies its position as an attractive location for multinationals.
— Nikkei Asian Review (paywall)

ADB invests 20 mln USD in AC energy climate bond to finance regional clean energy projects
The Asian Development Bank (ADB) has invested 20 million U.S. dollars in AC Energy’s maiden climate bond issuance, the Manila-based bank said on Monday.
— Xinhua

ASEAN to devise Code of Conduct on South China Sea
In the first quarter of 2019, the next round of negotiations between China and ASEAN on the Code of Conduct (COC) on South China Sea is expected to be finalised.
— New Delhi Times

Prayut launches ‘Asean Cultural Year’ with Thailand at helm
PRIME MINISTER Prayut Chan-o-Cha yesterday launched “Asean Cultural Year 2019” at Government House, as Thailand takes its turn chairing the 10-member regional grouping.
— The Nation (very annoying pop-ups)

The Big Read: Battered in the Middle East, IS eyes Southeast Asia as next terrorism hotspot
The terrorist group Islamic State of Iraq and Syria (IS) is today a shadow of its once-formidable self in the Middle East, with its army in tatters and its territories reduced to a sliver of turf.
— Channel NewsAsia

China’s Belt and Road: Environment’s Enemy?
To all of the other problems that have cropped up recently with China’s massive multi-trillion-dollar Belt and Road Initiative development scheme, add one more: the possibility of global environmental damage, according to a new 88-page policy research working paper released recently by the World Bank.
— Asia Sentinel

Platform assists Asean businesses’ trade problems
Southeast Asian businesses experiencing trade problems when exporting their goods or services, or when investing into other countries in the region, can utilize a mechanism for addressing such problems.
— Malaya

Malaysia has fastest mobile network in South East Asia: Tutela
Malaysia has faster and more consistently available mobile networks than Thailand, the Philippines, and Indonesia, a report by mobile quality measurement company Tutela has said.
— ZDNet

Understanding youth unemployment and its impact on Asean
IN recent years, Southeast Asia has seen a surge in demand for a skilled workforce able to fill looming gaps in industries dependent on new and emerging technologies.
— Asian Correspondent

Philippines manufacturing leads ASEAN in growth
The Philippine manufacturing sector outperformed those in ASEAN despite registering a slower expansion in January, according to the latest Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI).
— The Philippine Star

Where Is the New ASEAN ‘Our Eyes’ Intelligence Initiative Headed?
Late last month, Southeast Asian states held a working group meeting to discuss the status of a new intelligence-sharing initiative to help them respond more quickly and effectively to transnational security threats. The meeting spotlighted the effort amid the broader context of regional responses to terrorism and radicalism in Southeast Asia and the Asia-Pacific more generally.
— The Diplomat

Beyond US-China spat: Asean’s options
Despite all the pleasantries in Washington, DC surrounding the latest US-China trade talks over the past week, the rivalry between the world’s two largest economies will not subside anytime soon.
— Bangkok Post

ASEAN Chamber of Commerce and Industry business meet from Feb
The first edition of ASEAN Chamber of Commerce and Industry Business Meet 2019 will be held here from February 25 to 27, Karnataka Minister for large and medium scale industries K J George said Monday.
— Business Standard

Will a sugar tax solve Southeast Asia’s growing diabetes problem?
Health has always been a major public issue for Southeast Asian countries, but only in recent years has it become a priority for policy-makers due to an emerging understanding of its social and economic costs.
— The Interpreter

ASIA’S AVIATION INDUSTRY IS BOOMING, SO WHY ISN’T IT MAKING MONEY?
A surge in air travel has yet to pay off for Southeast Asian airlines, with experts predicting that 2019 will see more fierce competition as regional carriers struggle to return to profitability.
— South China Morning Post

Online shopping hurting traditional retailers
Lazada’s plans to ramp up expansion in Southeast Asia might spell trouble for the region’s traditional retailers. With brick-and-mortar retailers reporting decreased revenues as a result of the e-commerce boom, the decline of traditional retailers might just be on the horizon.
— The Asean Post

Unicorns of Southeast Asia – Whither next?
Southeast Asia’s unicorns raised nearly $8 billion in funding in 2018, on the back of mega funding rounds raised by Grab ($3 billion), Lazada ($2 billion), Go-Jek ($1.5 billion) and Tokopedia ($1.1 billion).
— Deal Street Asia (paywall)

2nd ASEAN-India Youth Summit Biren invites investors to State
Chief Minister N Biren Singh has urged domestic and foreign investors to come and invest in Manipur and assured that the State will make all possible efforts for safe and productive investments in the State.
— The Sangai Express

Microinsurance is key to Southeast Asian financial inclusion
Southeast Asia is a region that has both the richest, and poorest, people in the world, Insurance offerings rarely are tailored to the specific person
— Yahoo News

Vietnam stars in January as e27 data tracks US$1.5B in deals
One month in, the year kicked off with a flurry of activity and a particularly busy few weeks for the Vietnamese startup ecosystem.
— Yahoo News

Protecting our food by protecting our farmers
The Intergovernmental Panel on Climate Change (IPCC) projected that global warming is likely to reach 1.5 degrees Celsius above pre-industrial levels by 2030.
— The Asean Post

 

Cambodia morning newsCambodia morning news

Compiled by Piseth Pov          @piseth6666

 

Cambodia Anticipates 2,870 MW of Electricity in 2019
This year, Cambodia expects to generate in total 2,870 megawatts of electricity, especially from hydropower dams, according to the Ministry of Mines and Energy.
— Agence Kampuchea Presse

Forest crime ‘rife’ at Prey Lang
A Prey Lang Community Network (PLCN) member in Thmea commune, in Preah Vihear province’s Chey Sen district, on Sunday claimed that authorities are unable to stamp out forest crime in the nature reserve, instances of which have been occurring for months.
— The Phnom Penh Post

Environment Ministry: Air Quality in Cambodia Remains Good
Air quality in Cambodia, especially in Phnom Penh, remains good, affirmed the Ministry of Environment in a news release.
— Agence Kampuchea Presse

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Indonesia’s manufacturing PMI in January points to stagnation
Manufacturing activity in Indonesia failed to show growth for the first time in a year in January, pointing to signs of stagnation in the nation’s economy, a survey showed Friday.
— Nikkei Asian Review (paywall)

Indonesia to track millennial spending in inflation index recast
Intellasia East Asia News With the millennials making up almost a third of Indonesia’s population, the nation’s statistics agency will soon revamp its inflation index to capture their spending habit.
— Intellasia

Indonesia’s military demands civilian positions for officers
Indonesian bureaucrats may soon face tighter competition to reach the top rungs of the career ladder, with the government planning to allow active military officers to take up positions in ministries and government institutions.
— The Straits Times

See here for more of today’s Indonesia morning news

 

Lao PDR morning newsLao PDR morning news

Compiled by Piseth Pov          @piseth6666

Lao flood victims battle dengue, malnutrition
SIX MONTHS AFTER the Xe Pian-Xe Namnoi hydropower dam in southern Laos triggered floods that swept them from their homes, survivors are now suffering from dengue fever and malnutrition.
— The Nation (very annoying popup)

Laos continues to deepen military ties with Russia but risks Chinese backlash
On January 20, Russian tanks and armored cars drove through the streets of the Lao capital of Vientiane. The tanks were the new centrepiece of a military parade to honour the 70th anniversary of the founding of the Lao People’s Armed Forces (LPAF).
— Asean Today

Lao Airlines expects Chinese bookings to reach new heights
Lao Airlines staff believe the number of Chinese customers could surge to 241,500 this year.
— Vientiane Times

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov

 

Malaysia factories off to slow start in 2019
After hitting a record low in December 2018, Malaysia’s manufacturing industry rose marginally in January but remains in negative territory, according to Nikkei Malaysia’s Purchasing Manager Index (PMI).
— Malay Mail

Malaysia Airports offers clarification on PSCs in response to AirAsia civil suits
CAPA publishes more than 400 global News Briefs every weekday, covering all aspects of the aviation and travel industry.
— CAPA

Foreign investors snap RM147m of local equities last week
Foreign funds snapped up RM146.8 million net of local equities during the holiday-shortened week for the week ended February 1, resuming their entry into Bursa Malaysia for the fourth consecutive week.
— New Straits Times

See here for more of today’s Malaysia Morning News

 

Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men          @MenSreypov

 

Myanmar Opens Up For Foreign Insurance Companies
Myanmar’s financial regulator will begin granting licenses to foreign-owned insurance companies, allowing them to operate in the market by April this year.
— Investvine

Myanmar Investment Commission approves nine investment proposals which will create over 5,700 job opportunities
The Myanmar Investment Commission (MIC) meeting (2 / 2019) was convened at the meeting room of MIC in Yangon on 4 February 2019.
— Global Newlight of Myanmar

Export earnings from industrial finished products up
From October 1 to January 25 of this fiscal year, the export earnings from industrial finished products hit 4,636.771 million USD, up 418.388 million compared with the same period last year, according to the figures from the Ministry of Commerce.
— Eleven Myanmar

See here for more of today’s Myanmar morning news

 

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Philippines’ manufacturing PMI indicates modest advancement in January
The Philippines manufacturing sector saw a moderate improvement in business conditions in January, according to the survey.
— Nikkei Asian Review (paywall)

Bicam scraps ‘insertions’ for flood control, drainage projects in 2019 budget
A bicameral conference committee on Monday agreed to remove all fund insertions for flood control and drainage projects in the proposed P3.7 trillion 2019 General Appropriations Bill (GAB) to expedite the crafting of the national budget for this year.
— The Manila Times

Duterte transfers power to approve reclamation to Office of the President
Amid an ongoing cleanup of Manila Bay and proposals to halt to reclamation projects there, President Rodrigo Duterte transferred the power to approve reclamation projects from the National Economic Development Authority (NEDA) to the Philippine Reclamation Authority (PRA), which he placed under his office in Malacañang.
— Rappler

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by John Le Fevre          @photo_journ

 

Business interruption resurfaces as top business risk in Singapore
BUSINESS interruption has re-emerged as the top business risk in Singapore this year, with companies increasingly concerned about more diverse and complex business interruption scenarios coupled with rising costs, a recent report by German insurer Allianz has found.
— The Business Times

8 militants killed in bombing operations in southern Philippines, but S’porean terrorist eludes capture
Eight militants were killed in air, artillery, and ground operations in Maguindanao in the southern Philippines on Saturday, February 2.
— The Independent

Singapore factory growth cools for 5th straight month in January, electronics sector contracts further
Amid factory activity slowing across much of Asia last month, Singapore saw a key manufacturing indicator falling to its weakest in two years.
— Straits Times

See here for more of today’s Singapore morning news

 

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

60 days more: Australia wants Thai PM to intervene in al-Araibi extradition trial (video)
Australia’s highest ranking diplomat in Thailand has called for the country’s prime minister to immediately intervene in the detention and trial of Australian-based Bahraini refugee footballer Hakeem al-Araibi and “allow him to return to Australia”.
— AEC News Today

NEB to meet to discuss smog problem today as air quality improves
Thailand’s National Environment Board (NEB) is scheduled to hold a meeting today (Monday) to map out measures to cope with the smog problem in and around Bangkok as the Pollution Control Department (PCD) reported an improvement in air quality this morning.
— Thai PBS World

9 Thaksins, 2 Yinglucks Register to Run in Election
BANGKOK — Since its inception earlier this year, the Pheu Chart Party has been seen as a clone of Pheu Thai, the political powerhouse associated with former leader Thaksin Shinawatra.
— Khaosod English

See here for more of today’s Thailand morning news

 

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov

 

Việt Nam targets $40 billion in exports from textile and garment industry
Vietnam Textile and Apparel Association (VITAS) set the industry development target this year for export turnover at US$40 billion, which would mark a 10.8 per cent year-on-year increase.
— Viet Nam News

Vietnam manufacturing PMI has moderate growth in January
Softer rates continued for growth in the Vietnamese manufacturing sector in January, with weaker rises in output, new orders and employment, according to a survey.
— Nikkei Asia Review (paywall)

Vietnamese Authorities Arrest Facebook User After Questioning Ties to Targeted Organizations
Authorities in Vietnam have arrested a Facebook user after questioning her ties to accounts run by members of two organizations targeted by authorities, according to her husband, amid a wider crackdown on critical content posted on the social media network.
— Radio Free Asia

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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