Asean morning news for March 13

Asean morning news for March 13

Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Asean trade window tops agenda
Concluding the Regional Comprehensive Economic Partnership (RCEP) negotiations and fully implementing the Asean Single Window (ASW) for all 10 Asean members by the end of this year are Thailand’s two top economic priorities as Asean chair, according to a senior official from the Commerce Ministry’s Department of Trade Negotiations (DTN).
— The Phnom Penh Post

ASEAN vows to intensify fight vs. human trafficking, slavery
Officials of the Association of Southeast Asian Nations (ASEAN) vowed to work more aggressively and decisively in combating human trafficking and modern slavery in the region.
— Manila Bulletin

Point of sale finance – the next big thing in fintech development?
JP Morgan Chase (JPMC) has become the first major bank to enter the point of sale financing (POSF) space.
— Asean Today

A Region’s First — Digitally Twinned Smart Cities in ASEAN
ASEAN is poised to have faster growth than most regions in the world. The ASEAN Economic Community Blueprint 2025 and the ASEAN Smart Cities Network should provide the necessary framework and network to facilitate the deep and cohesive economic integration of the ASEAN Member States.
— AEC News Today/ PR Newswire (media release)

How risks to the Asian economy could affect trading strategy in 2019
Growth across Asian economies is making the continent an exciting place for traders in 2019.
— Asean Today

VN to build plan for CLV trade promotion
Representatives of Cambodia, Laos and Vietnam have agreed to assign Vietnam to devise an action plan for effectively implementing the Agreement on Trade Promotion and Facilitation in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area, signed in 2016 in Siem Reap town.
— The Phnom Penh Post

AEM Retreat to ink trade, investment pacts in April
The ASEAN Economic Ministers’ (AEM) Retreat, scheduled for April 23-24 in Thailand’s Phuket, is expected to see the signing of two vital agreements – the ASEAN Trade in Services Agreement (ATISA) and the fourth protocol amending the ASEAN Comprehensive Investment Agreement (ACIA).
— Vietnamplus

ASEAN urged to act as investors eye Indo-Pacific
As the trend of economic activities continues to shift from the West to the East, the onus is on ASEAN member states to attract funding in a way that serves Indo-Pacific integration, a forum of regional stakeholders hears.
— The Jakarta Post (paywall)

Thailand offers loans for Cambodia, Laos, Myanmar and Vietnam entrepreneurs
The Export-Import Bank of Thailand (Exim Bank Thailand) has unveiled a new loan facility for entrepreneurs in Cambodia, Laos, Myanmar and Vietnam who purchase products from Thai businesses, a move aimed at boosting exports to the subregion.
— Myanmar TImes

Asean’s predictable elections could boost growth
Elections are scheduled in Thailand, Indonesia and the Philippines in the next few months, leading to speculation about how political activity will affect Asean’s markets.
— Asean Economist

Handling Big Tech in ASEAN
Headlines about data breaches, anti-competitive practices and fake news have turned public goodwill toward tech companies into suspicion.
— Nikkei Asian Review (paywall)

Food security a key issue for ASEAN
In 2015, the world’s leaders came together to pledge the 2030 Agenda for Sustainable Development.
— The Asean Post

Southeast Asian sugar taxes: Bitter pills for better health
Azlan Sohoni, a 47-year-old Singaporean, starts his day with a cup of Nestle’s Milo chocolate malt drink, sweetened with one and a half teaspoons of sugar. At work, he downs five cans of Coca-Cola and a few more cups of Milo. He doesn’t like Diet Coke and Coke Zero.
— Nikkei Asian Review (paywall)

Southeast Asia: Hiding in Plain Sight
Ask many American, German or Canadian businesses or investors about “Asian business opportunities,” and they are likely to think “China,” and perhaps “India.
— Jakarta Globe

ASEAN investor motivation mulls cracks
Among ASEAN stock markets, only frontier component Vietnam was up double-digits through February, as Indonesia, Malaysia, the Philippines and Thailand could not excite investors to beat the core 9% MSCI Index advance.
— Asia Times

Technology is key to closing ASEAN protection gap, report execs
New digital technologies represent the most promising remedy to closing the significant non-life insurance protection gap in Southeast Asia, according to the results of the ASEAN Insurance Pulse 2018 report by Alms & Company and Malaysian Re.
— Reinsurance News

As internet adoption grows in Southeast Asia, SMEs must defend against sophisticated cyberattacks
Internet adoption in Southeast Asia has surged over the past three years, driven by the mass uptake of mobile phones.
— South China Morning Post

Why business leaders must have a future ASEAN strategy
The 2012 Asian Century White Paper by the Gillard Government sparked what is now regular dialogue in the Australian business community about the benefits of having a greater engagement with Asia.
— The CEO Magazine (blog)


Cambodia morning newsCambodia morning news

Compiled by John Le Fevre          @photo_journ

 

Citizens urged to not worry about Chinese investment
Government spokesman Phay Siphan yesterday called on the public to not worry about losing territorial sovereignty due to an influx of Chinese investment in the Kingdom.
— Khmer Times

Phay Siphan: Preah Sihanouk will become a second Singapore
Government spokesman Phay Siphan said on Monday that Preah Sihanouk province will become a second Singapore, as authorities were warned that its development, fuelled largely by Chinese investment, was coming at a cost to locals.
— The Phnom Penh Post

Six CNRP Activists Apply For Asylum After Fleeing Cambodia
Six members of the banned Cambodia National Rescue Party who fled Cambodia this week ahead of likely arrest have now applied for political asylum outside the country, one member of the group told RFA on Monday, speaking from an undisclosed location.
— Radio Free Asia

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Indonesia Says Election Under Attack From Chinese, Russian Hackers
Chinese and Russian hackers are attacking Indonesia’s voter data base in a bid to disrupt the country’s upcoming presidential election, according to a senior election commission official.
— Bloomberg

Indonesia revises up 2018 Sumatra coffee bean monthly export data
Indonesia’s Lampung trade office has revised up its 2018 data for monthly coffee beans exports from the province.
— Reuters

Developers focus on apartments with prices below Rp 1b
Property developers are focusing on building apartments costing less than Rp 1 billion (US$70,042) in order to expand their markets, business players.
— The Jakarta Post

See here for more of today’s Indonesia morning news


Lao PDR morning newsLao PDR morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Lao Front committee bolsters support for development process
The Committee of the Lao Front for National development is meeting in Vientiane to summarise its most recent activities and outline plans in support of its role to boost solidarity and encourage the people of Laos to support the country’s development.
— Vientiane Times

Vietnam’s investment in Laos continued to decline due to lack of capital
Investment of Vietnamese companies in Laos continues to decline due to lack of capital revolving The special relationship is that Vietnam will invest in Laos soon.
— VOA

Southern Lao flood victims receive rice relief from ASEAN+3
The Lao government has obtained 2,221 tons of rice from the ASEAN plus Three (China, Japan, South Korea) Emergency Rice Reserve (APTERR+3) for distribution to flood victims in Attapeu province in southern Laos.
— Xinhua

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men           @MenSreypov

 

Mahathir weighing shutdown or sale of Malaysia Airlines
MALAYSIA’S Prime Minister Mahathir Mohamad said he’s studying options for flag carrier Malaysia Airlines Bhd, including whether to invest more funds, sell it off or even shut the company down.
— Business Times

Malaysia bans Boeing 737 MAX 8 planes from its airspace
Malaysia on Tuesday banned Boeing 737 MAX 8 aircraft from its airspace, the aviation regulator said, becoming the latest country to do so following a deadly plane crash in Ethiopia.
— The Kashmir Images

Guan Eng : Malaysia gets 324.7b yen of demand for 200b yen Samurai bonds
Bid-to-offer ratio of 1.6 shows the confidence of overseas investors in Malaysia, Finance Minister Lim Guan Eng comments on Samurai bond offer completed last week.
— The Edge Markets

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men           @MenSreypov
 

Myanmar Government seeks airline mergers
The Myanmar government wants its local airlines to merge in an effort to mitigate competition for a shrinking market after five airlines—Asian Wings Airways, FMI Air, Apex Airlines, Air Mandalay, and Air Bagan—suspended operations over the past 15 months, AINonline reported.
— Mizzima

Lower imports drag maritime trade down $197 mln
The value of Myanmar’s maritime trade for the period from 1 October, 2018 to 1 March, 2019 in the current fiscal year totalled US$10 billion, a decrease of $197.9 million compared with the corresponding period of the previous FY, according to data provided by the Ministry of Commerce.
— Global Newlight of Myanmar

Over 500 displaced Shan people flee from danger
Due to flash Shan battles, over 500 displaced people had fled to safer places in Kyethi Township, causing two refugee camps in Kyethi Township, southern Shan State to open, according to the sources from refugee camps.
— Eleven Myanmar

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu

 

Palace: Duterte, Congress leaders to resolve budget
CONGRESS LEADERS were scheduled to meet last night with President Rodrigo R. Duterte to discuss the impasse between the Senate and the House of Representatives on the proposed P3.757 trillion national budget for 2019.
— BusinessWorld Online

Trade deficit widened in January as exports declined 1.7% to $5.3b
The trade deficit widened to $3.76 billion in January from $3.16 billion a year ago, as imports rebounded while exports continued to decline, data from the Philippine Statistics Authority show.
— Manilastandard.net

5 days before PHL exit, SC takes no action on Int’l Criminal Court case
The Supreme Court did not decide on the petitions challenging the Philippines’ exit from the International Criminal Court (ICC) on Tuesday, less than a week before the withdrawal takes effect.
— GMA News

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by John Le Fevre          @photo_journ

 

Singapore grounds Boeing 737 MAX aircraft after 2 deadly crashes
Singapore’s aviation regulator has ordered the temporary suspension of all Boeing 737 MAX aircraft into and out of the country, it said on Tuesday (Mar 12).
— Channel NewsAsia (very annoying popups)

MINDEF refutes claims that acquisition of F-35 fighter jets by RSAF is to align itself with US
The Ministry of Defence (MINDEF) stressed that the acquisition of F-35 fighter jets by the Republic of Singapore Air Force (RSAF) is for Singapore’s own defence deterrence and not directed against, or to align itself with, any particular country.
— The Online Citizen

Minister for Finance announces S$ 200 million for Singapore’s HPC at Supercomputing Asia 2019
A four-day conference is currently happening at the Suntec Singapore Convention & Exhibition Centre.
— Open Gov Asia

See here for more of today’s Singapore morning news

Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ

 

EU commits Bt80m to Unicef for protection of migrant and stateless children in Thailand
The European Union has committed more than Bt80 million to Unicef over the next three years to support efforts to strengthen policies and practice for the protection of migrant and stateless children in Thailand, Unicef said on Tuesday.
— The Nation (very annoying popups)

CAAT ready to ban B-737 Max if advised to by FAA
The governor of the Civil Aviation Authority of Thailand said on Tuesday he was ready to ban Boeing 737 Max passenger aircraft from Thai airspace if he received clear instruction to do so from the Federal Aviation Administration (FAA) of the United States.
— Bangkok Post

Thailand’s Tourism Industry Looks to Cash In on Same-Sex Partner Law
Thailand is advancing same-sex partnership legislation. And one of the nation’s biggest industries, tourism, is paying close attention.
— Bloomberg

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men           @MenSreypov

 

VN aviation authority will not grant licences for Boeing 737 MAX 8 aircrafts
The Civil Aviation Authority of Việt Nam (CAA) said it is not considering granting licences for the use of Boeing 737 MAX 8 aircraft in the country after the series was involved in two deadly crashes within five months that left no survivors.
— Eleven Myanmar

HCM City attracts over 1 billion USD in FDI in Jan-Feb
More than 1.02 billion USD of foreign direct investment (FDI) was registered for projects in HCM City in the first two months of the year, according to the Ministry of Planning and Investment.
— VNA NET

Textile-garment exports fetch 4.89 billion USD in two months
The country’s textile-garment export turnover reached 4.89 billion USD over the past two months, up 19 percent year-on-year, according to the Ministry of Industry and Trade (MoIT).
— VNA NET

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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