Asean morning news for October 11

Asean morning news for October 11

Asean morning newsAsean morning news

Compiled by John Le Fevre         @photo_journ


Bangkok meet: RCEP ministers to discuss e-commerce, trade remedies

Trade ministers of RCEP countries will discuss issues related to investment, e-commerce, rules of origin and trade remedies in a meeting in Bangkok on October 12, an official statement said on Thursday.
— Financial Express

PM sees Thailand as ASEAN’s digital hub
To help promote small businesses and increase product value to generate more national revenue, the Prime Minister has pledged to fulfill requests from startup businesses to streamline government regulations in order to reduce costs of foreign technology imports.
— NNT

RCEP: Opportunity, fears in regional trade deal
Commerce Minister Piyush Goyal is in Bangkok for the eighth Regional Comprehensive Economic Partnership (RCEP) ministerial meeting, which will continue until October 12.
— The Indian Express

S’pore in Asean bid to host 2034 World Cup
Over two decades after the idea of a joint Asean bid for the World Cup was first mooted, the project has been given a fresh lease of life with Thailand’s Tourism and Sports Minister Phiphat Ratchakitprakarn announcing on Wednesday it would be leading a joint five-nation bid to host the 2034 tournament.
— The Straits Times (extremely annoying popups)

ASEAN Day for Disaster Management activities
The restoration and reinforcement of disaster management protocols have been among the top priorities of the government, which has this year focused on the promotion of disaster management and prevention awareness at schools and hospitals.
— NNT

RSS affiliate plans protests across India against RCEP
A prominent affiliate of the Rashtriya Swayamsevak Sangh (RSS) announced on Thursday that it will hold nationwide protests to pressure the government into not joining the Regional Comprehensive Economic Partnership (RCEP), a proposed free trade agreement between the 10 ASEAN member states and their six free-trade agreement partners.
— hindustantimes

FIRST LEG OF ASEAN RICE BOWL 2019 KICKS OFF IN MALAYSIA
The New Entrepreneurs Foundation (myNEF) yesterday successfully organised its first Malaysia Rice Bowl Conference and kicked off the ASEAN Rice Bowl Startup Awards.
— DNA

Thailand hosts ASEAN Statistictical Committee Session
The 9th Session of the ASEAN Community’s Statistical Committee or ACSS has been launched to strengthen the statistical capacity of ASEAN Member States and support the data sustainablity of ASEAN Community.
— NNT

RCEP And India: Investment Linked Trade Will Outplay Trade Demerits – Analysis
A Majority of industry associations, entrepreneurs and trade analysts rang alarm bell for India in joining RCEP – a new and the largest trade block consisting of ASEAN -10 and 6 countries.
— eurasiareview

MACC shares experience in 1MDB asset recovery with Asean counterparts in Bangkok anti-corruption workshop
The Malaysian Anti-Corruption Commission (MACC) has shared its experience and strategies in the investigation and the recovery of assets in the 1Malaysia Development Berhad (1MBD) case at the Regional Workshop on Denying Safe Haven to Corrupt Officials and Stolen Assets held in conjunction with the 15th Principal Meeting of the South-east Asia Parties Against Corruption (SEA-PAC) here.
— MalayMail

Vietnam – bright spot in investment attraction in SEA: Singaporean newspaper
Vietnam is a bright spot in foreign direct investment (FDI) attraction in Southeast Asia, said Sam Cheong Chwee, Executive Director and Head of United Overseas Bank (UOB) Group’s Foreign Direct Investment Advisory Unit at UOB.
— Vietnam+

Two marine parks in southern Thailand declared ASEAN heritage parks
Two national parks in southern Thailand have been recognized as ASEAN heritage parks at this week’s 15th ASEAN environment ministers’ meeting in Cambodia’s resort town of Siem Reap.
— Thai PBS News

Deal signed to meet $210 billion annual green infrastructure investments needs
The Asian Development Bank has signed an agreement with Singapore’s Infrastructure Asia to mobilise the much-needed funding for sustainable infrastructure across Southeast Asia.
— Smart Energy

ASEAN Basketball League holds 2019-2020 Season Launch
The ASEAN Basketball League (ABL) held its 10th season on October 10, 11 AM (GMT +8) at the Conrad Hotel, Seaside Boulevard, Coral Way, Pasay, Manila.
— Fox Sports (video)


Cambodia morning newsCambodia morning news

Compiled by Raksmey Khoem          @raksmey.aecnews

 

World Bank: Cambodia’s Economic Growth in 2019 Remains Strong at 7%
The World Bank, on 10 October 2019, released a report forecasting that Cambodia’s economic growth in 2019 remains strong at 7 percent.
— Fresh News

Commune Budgets to More Than Double to $130,000
The annual budgets of the country’s 1,646 communes will be increased to about $130,000 each beginning next year, Interior Ministry Sar Kheng announced on Wednesday.
— VOD

PM Hun Sen: No Countries Survive after Foreign Aids Withdrawn, Except Cambodia
Cambodian Prime Minister Hun Sen expressed his pride that the Government of Cambodia survived after Vietnam withdrew its aid in 1989, addressing Thursday on the occasion of the 40th Anniversary of the establishment of National Bank of Cambodia.
— Fresh News

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 Wiranto hospitalised after assassination attempt (video)
Indonesian Coordinating Minister for Political, Legal, and Security Affairs, General Wiranto (who uses one name), remains hospitalised tonight after an assassination attempt was foiled earlier today (Oct 10).
— AEC News Today

Lower competitiveness a second blow for Indonesia
President Joko “Jokowi” Widodo’s administration has to swallow another bitter pill at the end of its first term as the country’s competitiveness ranking fell this year, following a gloomy economic outlook conveyed by the World Bank.
— The Jakarta Post

17 whale strandings recorded on Sabu Raijua Coast
A total of 17 whales washed up on the beach of Menia Village in West Sabu Sub-district, Sabu Raijua District, East Nusa Tenggara, on Thursday, of which seven died.
— 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

 

Japan pouring US$17.8 million into Luang Prabang water supply upgrade
The Japanese government is funding a grant aid project worth US$17.8 million to improve the water supply system in Luang Prabang city, under a grant agreement signed in Vientiane on Thursday.
— Vientiane Times (paywall)

Vietnamese doctors provide free health checks to Lao patients
Heading north from HCM City, a van carrying the Vietnamese doctors arrived at the border gate with Cambodia.
— Viet Nam News

Chinese Elephant Plan in Lao Capital Angers Wildlife Advocates
A Chinese-owned firm drew fire from animal conservation activists when it brought in 10 elephants from the north of the country to entertain tourists in a special economic zone in the Lao capital Vientiane during Visit Laos-China Year 2019.
— RFA

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men         @MenSreypov

 

World Bank maintains Malaysia’s 2019 economic growth at 4.6%
The World Bank maintained Malaysia’s economic growth at 4.6 per cent in 2019, underpinned by the continued robust growth in private consumption amid stable labour market conditions.
— The Sun Daily

Malaysia Is Set to Lower Income Tax, Widen Deficit Goal
Malaysian Prime Minister Mahathir Mohamad faces a choice in the 2020 state budget between keeping a pledge to reduce public debt or ramping up spending to weather the U.S.-China trade war.
— Bloomberg

Council on Climate Change Action to be set up: Mahathir
Prime Minister Tun Dr Mahathir Mohamad said the government will establish the National Council of Climate Change Action to address matters concerning this pressing issue.
— The Sun Daily

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men         @MenSreypov

 

Spending on electricity tops budget for the first time
The energy and electricity sector has been allocated with the highest volume of funds in the Budget for fiscal 2019-20, which commenced October 1. It is the first time the energy sector will top government spending.
— Myanmar Times

Bomb Explodes Near New NLD Office in Rakhine State
Local residents and National League for Democracy members are reeling after an explosion shook the construction site of a new party office in Buthidaung, Rakhine State.
— Irrawaddy

Planned China Railway Raises Fears of Land Grabs in Myanmar
Residents of central Myanmar’s Mandalay region said Thursday that they are increasingly fearful of forced property confiscation lost farmland in areas slated for the construction of a high-speed railway running from Kunming in southwestern China to their city under the massive Belt and Road Initiative.
— Radio Free Asia

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by John Le Fevre         @photo_journ

 

Cantilan Bank adopts cloud technology to expand banking access (video)
Financial technology (FinTech) has the potential to bring millions of people into the formal financial system. In Mindanao, Cantilan Bank has become the first Philippines financial institution to move its core banking system into the cloud, providing its clients with improved access to a wider range of financial services.
— AEC News Today

WB: PHL likely to miss growth targets
THE WORLD BANK has slashed its gross domestic product (GDP) growth forecasts for the Philippines this year up to 2021 to below the government’s target, amid “intensified” risks from an escalating Sino-US trade war and “a slow recovery” of government spending in the wake of a three-and-a-half month delay in national budget enactment that weighed on first-half expansion.
— BusinessWorld

Trade gap shrinks as imports fall, exports grow
OVERSEAS SALES of Philippine goods grew for the fifth straight month in August but by the slowest pace in that period, while purchases of foreign goods saw their worst performance in six years that same month, making the merchandise trade gap narrow from July and from a year ago, the Philippine Statistics Authority (PSA) reported on Thursday.
— BusinessWorld

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews

 

New mandatory nutrition labels, advertising ban for pre-packaged drinks high in sugar
As part of the war on diabetes, a new colour-coded “front-of-pack” nutrition label will be made mandatory for pre-packaged beverages that are high in sugar, announced the Health Ministry on Thursday (Oct 10).
— Channel NewsAsia (very annoying popups)

Singapore keeps top spot in South-east Asia IPOs but Thailand, Philippine firms lead revival
Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focused on South-east Asian consumers.
— Straits Times (annoying popups)

Needy to get legal aid quicker and more easily
The needy will soon get faster and greater access to legal aid under a new simplified and more flexible system for assessing applicants.
— Straits Times (annoying popups)

See here for more of today’s Singapore morning news

Thailand morning newsThailand morning news

Compiled by John Le Fevre         @photo_journ

 

BBC Thai follows up Australian media claims about Thammanat’s imprisonment in Sydney
The BBC’s Thai affiliate has published notes of an official document obtained from a visit to an Australian court, stating that Manat Bophlom one of the former names used by the Thai Deputy Minister of Agriculture and Cooperatives Thammanat Prompao, had served four years in jail for on charge of conspiring to import heroin to Australia.
— The Thaiger

Central bank plans steps to curb strong baht
Thailand is not in recession but growing below potential and the central bank is ready to take action if needed, while there are also plans for further measures to curb the baht’s strength, central bank and government officials said on Thursday.
— Bangkok Post

Thailand to host World Ganja Festival 2020
Following the liberalization of cannabis for medical use, marijuana is being seen as a potential cash crop which can benefit Thailand’s economy.
— NNT

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men         @MenSreypov

 

Vietnam levies anti-dumping measures on imported aluminum products
The Ministry of Industry and Trade has recently promulgated the Decision No.2942/QD-BCT on officially imposing anti-dumping duties on some extruded aluminum bar products from China.
— Sggp News

Plastics industry confident of achieving export target of $3.2b
With solid growth in shipments, the plastics industry will surely meet its full-year export target of US$3.2 billion, according to the Việt Nam Plastics Association.
— Viet Nam News

Moody’s puts Vietnam on notice after ‘delay in debt payment’
Moody’s has launched a review into what it calls “institutional deficiencies” in Vietnam after it became aware of delayed payments on a government debt obligation.
— Financial Times

See here for more of today’s Vietnam morning news

 

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