Asean morning news for July 17

Asean morning news for July 17

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Asean-BAC’s non-tariff bid gains traction
The Asean Business Advisory Council (Asean-BAC) was satisfied with negotiations over Asean trade facilitation procedures, in which all members agreed to form and implement guidelines on non-tariff measures, says the Trade Negotiations Department.
— Bangkok Post

US banks on PH to ensure COC in SCS consistent with int’l law
The United States government is banking on the Philippines as a claimant state in the South China Sea/West Philippine Sea to ensure that the conclusion of a Code of Conduct in the contested waters would be consistent with international law.
— Philippine News Agency

ASEAN Regional Forum to welcome US – DPRK peace talks
Ministers attending the ASEAN Regional Forum (ARF) in Bangkok, Thailand in August will welcome recent talks between leaders of the United States and the Democratic People’s Republic of Korea (DPRK).
— Vietnamplus

Thailand prepares for ASEAN foreign ministers’ meeting
Thai Prime Minister Prayut Chan-o-cha has announced that the country’s cabinet has approved the drafting of 19 documents that will be used in a key ASEAN meeting at the end of this month
— Vietnamplus

RoK cements ASEAN ties with clear vision, policy initiative
The Republic of Korea (RoK) pledges to cement ties with the Association of Southeast Asian Nations (ASEAN) with a clear vision, resources and concrete action plans, Deputy Foreign Minister for Political Affairs Yoon Soon-gu told Yonhap News Agency in a recent interview.
— Vietnamplus

Asean resolve crucial to tackle illegal fishing woes
Scientists blame it on pollution, overfishing, illegal fishing, overinvestment and global warming.
— New Straits Times

Pangasius exports to Southeast Asia up 14.6 per cent
Việt Nam’s tra fish exports to Southeast Asian countries were worth US$87.3 million in the first five months of the year, a year-on-year increase of 14.6 per cent, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).
— Viet Nam News

Thailand eyes expansion of exports to Asean nations
Thailand is looking to expand its exports by selling electrical and electronic products to Asean countries, especially Laos.
— Eleven

Vulnerable to climate change, ASEAN needs more investment into green infrastructure
Over the next five years, ASEAN will need US$157 billion in annual infrastructure investment, but projects need to be “climate-proofed” to mitigate the region’s vulnerability to natural disasters and climate change, according to the Asian Development Bank (ADB).
— The Scoop

Citi ramps up ASEAN banking team with 30 hires over past year
Citigroup Inc said it has hired about 30 bankers over the past year across its banking, capital markets and advisory teams in the 10-member Association of Southeast Asian Nations (ASEAN), spurred by robust growth in its ASEAN banking business.
— Reuters

Singapore virtual banks to service Asia’s unbanked millions
Low-cost digital banks in Singapore are set to capture up to 2% of the country’s domestic banking sector worth about $24.3 billion, according to an estimate by Moody’s Investors Service.
— Nikkei Asian Review (paywall)

Why the EU Is Struggling to Compete for Influence in Southeast Asia
In the early years of this century, there were suggestions that the European Union could play the role of a “quiet superpower,” and even speculation that Brussels might become a hegemonic rival to the United States.
— World Politics Review

SE Asia On the Verge of an EV Surge
Everything is coming together to make the ASEAN countries one of the ripest markets for electric vehicles over the next five years.
— EE Times

ASEAN Organic Cosmetics Market to Receive Overwhelming hike in Revenues by 2020
The ASEAN market for organic cosmetics stood at an overall valuation of US$40 billion in the year 2015.
— Business News Standard (media release)

Fraud protection tips for marketers in South East Asia
By 2022, mobile advertising fraud will cost advertisers $87 billion, rising from $34 billion in 2018.
— The Drum

Cambodia morning newsCambodia morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews

 

Kem Ley anniversary an epic PR fail for Cambodian government (video
The third anniversary of the murder of Cambodian political commentator Kem Lay couldn’t have been a worse public relations disaster for the Cambodian government if planned.
— AEC News Today/ PR Newswire (media release)

US Lawmakers Pass Bill Targeting Officials Who Undermine Democracy in Cambodia
The U.S. House of Representatives has passed legislation to apply sanctions on Cambodian officials deemed responsible for undermining democracy in the Southeast Asian nation, drawing condemnation from Prime Minister Hun Sen’s regime, which said the move would damage bilateral relations.
— RFA

Breaking: Rubbish found packed inside 83 containers at S’ville port
Eighty-three containers packed with rubbish were broken open at Sihanoukville Autonomous Port by joint authorities on Tuesday.
— The Phnom Penh Post

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews

 

Indonesia grants US$1 million to AIS to combat climate change
The Indonesian government has granted financial aid worth US$1 million to the Archipelagic Island State (AIS) Forum as part of its commitment to addressing climate change.
— Antara News

New law allows Indonesia to jail foreign researchers for breaking rules
The House of Representatives passed into law on Tuesday the national system of science and technology bill, which imposes criminal charges against foreign researchers found guilty of violating visa regulations.
— The Jakarta Post

Indonesia drafting rules to apply VAT on online products and services
Indonesia is drafting new rules to impose value added tax to online products and services provided by offshore companies, as authorities target a bigger slice of revenue from the country’s fast-growing digital market, a top tax official told Reuters.
— Reuters

See here for more of today’s Indonesia morning news

Lao PDR morning newsLao PDR morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews

 

Displaced Villagers in Laos Still Waiting for Railway Compensation
Many Lao villagers who were forced to relocate for construction on the Laos-China railway are still waiting for compensation from the government, while others who have received payments say the payments are much lower than they had expected.
— RFA

Govt to shed stake in loss making state enterprises
The government will sell its stake in state enterprises and turn them into joint ventures or sell the whole company if necessary, a Deputy Prime Minister has said.
— Vientiane Times

Lao PM hails Vietnamese and Lao police’s cooperation
Lao Prime Minister Thongloun Sisulith applauded the cooperation outcomes between the Vietnamese and Lao ministries of public security while hosting Senior Lieutenant General Bui Van Nam, Deputy Minister of Public Security, in Vientiane on July 16.
— Vietnam Plus

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men           @MenSreypov

 

Penang’s manufacturing sector records investments of RM8.8bil in Q1
Penang recorded RM8.8 billion in total approved investments in the manufacturing sector in the first quarter of 2019 (1Q19), maintaining the state’s reputation as one of top investment destinations in the country.
— The Star Online

AirAsia’s Teleport, Gobi invest US$10.6m in EasyParcel
AirAsia Group Bhd’s rebranded cargo and logistics platform Teleport and venture capital firm Gobi Partners have invested US$10.6 million (RM44 million) in e-commerce and parcel delivery player EasyParcel.EasyParcel will use the Series B funding to expand its offering for SME customers, leveraging Teleport’s logistics and infrastructure.
— The Sun Daily

Tariffs, incentives hinder 3rd national car project
THE third national car project could hit a snag as differences over incentives, grants, tax exemptions and investment returns may prolong the search for a viable partner.
— The Malaysian Reserve

See here for more of today’s Malaysia Morning News

Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men           @MenSreypov
 

U.S. imposes sanctions on Myanmar commander in chief over Rohingya abuses
The United States on Tuesday announced sanctions on the Myanmar military’s Commander-in-Chief Min Aung Hlaing and other military leaders it said were responsible for extrajudicial killings of Rohingya Muslims, barring them from entry to the United States.
— Reuters

Wage survey showed more than half of workers received increments
More than half of businesses surveyed in the French Myanmar Chamber of Commerce and Industry’s (CCI France Myanmar) Myanmar Salary Survey 2019 saw wage increases of between 1pc and 5pc for 2017.
— Myanmar Times

How Myanmar aims to stimulate investment in tourism
Myanmar is looking to capitalise on a recent tourism rebound and stimulate more investment in the sector, following efforts to improve access to credit for smaller operators.
— Myanmar Times

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Supreme Court issues gag order in fishermen’s West PH Sea petition
The Supreme Court (SC) has issued a gag order against both parties in the writ of kalikasan petition involving fishermen from Zambales and Palawan after counsels traded barbs over the media for some time.
— Rappler

Duterte’s governance of lies led to anti-poor policies – debt watchdog
The Duterte administration’s governance of lies has resulted in anti-poor policies such as unabated mining and rice imports, the influx of illegal Chinese businesses, unemployment, water shortages, debt-watchdog group Freedom of Debt Coalition (FDC) said Tuesday.
— GMA News

‘Falcon’ intensifies into storm as it approaches Northern Luzon
Fishermen in this northernmost island town of Batanes province are staying on land as Tropical Depression “Falcon” crawls toward extreme northern Luzon on Wednesday.
— Inquirer.net

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by John Le Fevre          @photo_journ

 

EU registering protection for F&B goods as FTA with Singapore nears
WITH the EU-Singapore free trade agreement (EUSFTA) set to come into force by the end of the year, the European Union (EU) has submitted 138 mostly food and beverage-related geographical indications (GIs) for approval here, with 100 successful registrations received to date.
— The Business Times

IMF: Singapore’s financial sector oversight among world’s best, but 2019 growth outlook is weaker
THE International Monetary Fund (IMF) has reaffirmed Singapore’s financial sector oversight to be among the best globally, and described the country’s economic fundamentals as strong, and its economic policies as sound.
— The Business Times

Will it be one, two or three for 5G?
SINGAPORE telecom operators are divided on the regulator’s plans for a 5G network model, though industry analysts largely stuck with the structure put forth by the Infocomm Media Development Authority (IMDA).
— The Business Times

See here for more of today’s Singapore morning news

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

Dept warns of worst drought in decade
The Meteorological Department (MD) says Thailand is going to experience the worst drought in a decade, as average precipitation across large swaths of the country has fallen far short of the monthly average.
— Bangkok Post

Half of Thailand Population Has Asbestos in Their Lungs
A recent study conducted in Thailand found that almost 50% of all residents have at least traces of asbestos in their lungs.
— Legal Scoops

Speed boat operators, beach vendors, claim up to 80% less tourists vs. prior year for current holidays
Members of the associated local press, including The Pattaya News, interviewed many local beach operators yesterday afternoon, July 16th, 2019 about business this year on the first day of a two-day religious holiday.
— The Pattaya News

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men           @MenSreypov

 

Vietnam Airlines Group makes $2.24 billion in revenue
Vietnam Airlines Group, listed with code HVN, earned nearly VNĐ52 trillion (US$2.24 billion) in consolidated revenue in the first half of this year, marking a year-on-year increase of 5.5 per cent.
— Viet Nam News

Vietnam says will defend sovereignty in its waters with determination
“Vietnam holds sovereignty and jurisdiction over areas in the East Sea as defined by the United Nations Convention on the Law of the Sea, signed in 1982.
— Spratly Islands

UNHRC adopts Vietnam’s resolution on climate change and human rights
The United Nations Human Rights Council (UNHRC) has adopted a resolution on climate change and human rights co-authored by Vietnam, the Philippines and Bangladesh, during its 41st session in Geneva.
— Eleven Myanmar

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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