Asean morning news for September 25

Asean morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

Thailand calls on developed countries to act on climate commitments
Thailand Prime Minister General Prayut Chan-o-cha has called on developed countries to deliver on their financial commitments to scale-up climate finance that is secure, predictable and sustainable beyond next year.
— AEC News Today

N.K. leader may visit S. Korea for special ASEAN summit in Nov.: Seoul
North Korean leader Kim Jong-un may visit South Korea for a special ASEAN summit in November, depending on progress in denuclearization talks with the United States, Seoul’s spy agency said Tuesday.
— Yonhap News Agency

Kingdom to host 15th Asean environment meeting in October
Cambodia is set to host the 15th Asean Ministerial Meeting on the Environment from October 7-11 in Siem Reap province, with a focus on regional environmental cooperation, a Ministry of Environment Facebook post said on Monday.
— The Phnom Penh Post

Why is Asean not enforcing haze control protocols?
TRANSBOUNDARY haze pollution, such as the one currently affecting Indonesia and Malaysia, is a threat to their respective environmental security and poses a serious health hazard to their populations.
— New Straits Times

ASEAN trade mechanism needed to support firms overcome disputes
A mechanism indicating fair, transparent and objective rules for ASEAN economies and their enterprises is needed to resolve trade issues when products are exported between markets.
— Viet Nam News

CCAF Publishes ASEAN Fintech Benchmark Study: The Emergence of Fintech Start-ups in the ASEAN Region Has Progressed at an Unprecedented Pace
The Cambridge Centre for Alternative Finance (CCAF), at Cambridge Judge Business School, is out with the Asean Fintech Ecosystem Benchmarking Study published in partnership with the Asian Development Bank Institute (ADBI) and FinTechSpace in Taiwan.
— Crowdfund Insider

ASEAN wants to reduce energy consumption by 30 percent by 2025
At the United Nations Climate Action Summit in New York Monday (September 23), leaders of the Association of South East Asian Nations (ASEAN) promised to reduce energy consumption by 30 percent by the year 2025.
— Taiwan News

China militarizes coast guard with navy officers in charge
China has packed its coast guard command with naval personnel in an apparent attempt to shore up the armed presence in contested waters.
— Spratly Islands

The China-ASEAN Mayors’ Forum 2019 kicks off in Guangxi
The China-ASEAN Mayors’ Forum 2019 kicked off on September 18 in Nanning, capital of China’s Guangxi Zhuang Autonomous Region.
— Cision PR Newswire/ Yahoo news (media release)

China-ASEAN Expo concludes in south China
The 16th China-ASEAN Expo and the concurrent China-ASEAN Business and Investment Summit concluded Tuesday in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region.
— Ecns.cn

‘Kingdom will not apply for AIIB loan’
Cambodia has expressed no interest in applying for a loan from the Asian Infrastructure Investment Bank (AIIB), even as it announced it will invest another $1.09 billion in six projects in Asean countries.
— The Phnom Penh Post

More Chinese, Asean tourists targeted
The Tourism Promotions Board (TPB) continues to strengthen its promotions in the Chinese and ASEAN markets as it recently participated in a regional trade expo.
— The Philippine Star

CNOOC To Begin Deepwater Gas Production In South China Sea In 2021
China National Offshore Oil Corporation (CNOOC) targets its deepwater natural gas project Lingshui 17-2 in the South China Sea to begin producing natural gas at the end of 2021, a company official told Reuters on Tuesday.
— Spratly Islands

Report: APAC can pay more heed to labour market issues
Many countries in the Asia-Pacific (APAC) region are not placing enough emphasis on labour market issues as they prepare for the impact of ground-breaking trends on work in the future, according to the International Labour Organisation (ILO).
— The Phnom Penh Post

Highlights of 16th China-ASEAN Expo in China’s Guangxi
A Philippine girl in folk costume performs during the 16th China-ASEAN Expo in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region. (Xinhua/Zhang Ailin)
— XinhuaNet

ASEAN Warehousing and Distribution Logistics Market-Growth, Trends, and Forecast (2019-2024)
The ASEAN warehousing and distribution logistics market is estimated to witness a strong growth in the forecast period, owing to the demand from expanding e-commerce sector. The factors driving the growth of the market are high demand from the last mile logistics and rapidly improving transportation infrastructure.
— Commerce Gazette

ASEAN countries competing for bigger slice of Chinese fruit market
At this point in time, Thailand, Malaysia, Vietnam and Philippines are competing fiercely for a larger share of China’s fruit market.
— Fresh Plaza

ASEAN Cold Chain Logistics Market-Growth, Trends and Forecast (2019-2024)
The cold chain industry in Asian countries is expected to witness a significant growth in the coming years. With two of the fastest-growing economies, like India and China, and the increase of trade in Indonesia, Vietnam, and Singapore, turning them into thriving economic and social centers, the cold-chain industry is being seen as panacea for food wastage and a boost to the refrigerated warehousing industry.
— Commerce Gazette

Cambodia morning news

Compiled by Raksmey Khoem @raksmey.aecnews

Exports to US rise 30 per cent year-on-year
Cambodian exports to the US increased 29.73 per cent during the first seven months of this year on the same period last year, data from the US Census Bureau shows.
— The Phnom Penh Post

Kingdom ranked fourth-costliest Southeast Asian country
It may come as a surprise to many, but a global statistics website based in Serbia has ranked Cambodia as one of the most expensive countries to live in Southeast Asia.
— Khmer Times

See here for more of today’s Cambodia morning news

Indonesia morning news

Compiled by Justhine De Guzman Uy @justhine.aecnews

House Passes 2020 State Budget
The House of Representatives passed the 2020 state budget on Tuesday, authorizing the government to spend close to $181 billion next year to try to avoid an economic downturn amid a risk of recession in developed economies and a global trade war.
— Jakarta Globe

Indonesian forest fires putting 10 million children at risk: UN
Indonesian forest fires are putting nearly 10 million children at risk from air pollution, the United Nations warned Tuesday, as scientists said the blazes were releasing vast amounts of greenhouse gases.
— Coconuts

Indonesian police allegedly detain, assault local journalists covering Papuan unrest
Police in Papua reportedly intimidated and temporarily detained three local journalists, assaulting at least one of them, as the reporters were covering violent unrest at Cendrawasih University in Jayapura on Monday morning.
— The Jakarta Post

See here for more of today’s Indonesia morning news

Lao PDR morning news

Compiled by Raksmey Khoem @raksmey.aecnews

Laos to boost trade, investment through Huanan tourism festival
Deputy Minister of Information, Culture and Tourism, Mr Savankhone Razmountry led the delegation and was joined by ministry officials and Lao tour companies at the event in Hunan, China.
— ANN/Vientiane Times

Laos to go ahead with Luang Prabang dam project despite warnings
The government of Laos has officially informed the intergovernmental Mekong River Commission (MRC) of its plan to build a new dam in Luang Prabang, despite warnings about the project’s environmental effects.
— Aljazeera

Training supporting local moves to adopt int’l accounting standards
A five-day training of trainer programme to build these skills among officials has been jointly organised by the Institute of Singapore Chartered Accountants (ISCA) and the Lao Ministry of Finance with support from the Temasek Foundation International (TF Intl) and will continue until September 27.
— ANN/Vientiane Times

See here for more of today’s Lao morning news

Malaysia morning news

Compiled by Sreypov Men @MenSreypov

Malaysia’s 5G plan advances, a potential boon for China’s Huawei
Malaysia will start a nationwide demonstration of 5G projects next month, a minister said on Tuesday (Sep 24), indicating it was on track to become one of the first Asian countries to launch the technology.
— CNA

Malaysia’s export growth outperformed other Asean countries
Malaysia’s export has outperformed other Asean countries’ over three quarters of the year amid global trade uncertainties, according to a survey by Institute of Chartered Accountants in England and Wales (ICAEW).
— New Straits Times

Malaysia sees 15.2% more Indian tourists
There has been a 15.2% growth in the number of Indians visiting Malaysia in the first six months of the current year ended June 2019 at over 3.54 lakh, said a Malaysia Tourism Promotion Board (MTPB) official.
— The Hindu

See here for more of today’s Malaysia Morning News

Myanmar morning news

Compiled by Sreypov Men @MenSreypov

YCDC warns inoperative plots in industrial zones to run promptly
Inoperative land plots in industrial zones in Yangon Region have been warned to promptly start their businesses as the government has plans to seize them if no work progress is seen, U Than, joint secretary of Yangon City Development Committee, told a press conference on September 23.
— Eleven Myanmar

Singapore firms in Myanmar to get better protection under new bilateral treaty
A new treaty was signed in Yangon on Tuesday (Sept 24) allowing Singapore companies in Myanmar to turn to international arbitration for disputes over investment.
— The Straits Times

Construction of 22 hotels and guesthouses approved in Yangon within five months
Yangon Region accepted the construction of 22 hotels and guesthouses within five months worth of K 130,161 million and US$ 238.29 million, according to the press conference of Yangon region travel work committee held on September 23.
— Eleven Myanmar

See here for more of today’s Myanmar morning news

Philippines morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu

House body eases foreign retailer rules
THE HOUSE of Representatives Committee on Trade and Industry on Tuesday approved the bill that makes it easier for foreigners to break into the country’s retail space.
— BusinessWorld

Murders of land activists spike under Philippines’ Duterte: Watchdog
Murders of environmental activists and land defenders in the Philippines have risen sharply under President Rodrigo Duterte, an international rights watchdog said Tuesday (Sep 24), alleging his speeches and policies have emboldened the killers.
— CNA

Malacañang warns against irregular fund allotments
PRESIDENT Rodrigo R. Duterte will veto any funds in the proposed P4.1-trillion 2020 national budget that will be proven to have been allocated in an irregular manner, Malacañang said on Tuesday, adding that the President will “scrutinize” the budget as soon as it reaches his table.
— BusinessWorld

See here for more of today’s Philippines morning news

Singapore morning news

Compiled by Justhine De Guzman Uy @justhine.aecnews

Only 1 in 2 Singaporeans feels fulfilled in life with finances seen as biggest obstacle: AXA survey
When questioned about the struggles faced in reaching goals, money-related matters such as the increasing cost of living (51 per cent), and the inability to save enough money (35 per cent) came up as the most common concerns.
— Straits Times (annoying popups)

Key pact on US use of air, naval bases in Singapore renewed till 2035
Prime Minister Lee Hsien Loong and US President Donald Trump have renewed a key defence pact which allows American forces to use Singapore’s air and naval bases, extending it by another 15 years to 2035.
— The Straits Times

Three companies with offices in Singapore fingered for involvement in haze
The haze is back. And as forest fires rage on in Indonesia, a Singapore connection has surfaced.
— Straits Times (annoying popups)

See here for more of today’s Singapore morning news

Thailand morning news

Compiled by John Le Fevre @photo_journ

Major Thai stores to stop giving out plastic bags by 2020: minister
Retailers and convenience stores in Thailand have pledged to stop giving plastic bags to customers from next year in a bid to reduce plastic waste, the country’s environment minister said.
— Reuters

Thailand: More reasons why BoT should cut rates tomorrow
Weak data drives another downgrade of our GDP growth forecast for the year to 2.5% from 2.8%, the third downgrade this year.
— ING

See here for more of today’s Thailand morning news

Vietnam morning news

Compiled by Sreypov Men @MenSreypov

More import and export procedures to be put online by 2020
The Agency of Foreign Trade under the Ministry of Industry and Trade is expected to deploy over 30 online administrative procedures at level 3 and 4 by 2020.
— NDO

Vietnam’s Bamboo Airways plans to raise $100m via IPO next year
Vietnam’s Bamboo Airways expects to raise about $100 million from its planned initial public offering next year to fuel its aggressive expansion in one of the world’s fastest-growing aviation markets.
— DealStreetAsia

E-commerce & e-logistics become indispensable to Vietnamese exporters
At a conference held on September 13 by the Ministry of Industry and Trade (MoIT) and the Ministry of Agriculture and Rural Development, there was agreement that the new requirements by China and other international markets remain a challenge to Vietnamese exporters, urging them to make changes to adapt.
— Fresh Plaza

See here for more of today’s Vietnam morning news

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