Asean Morning News For December 8

Asean Morning News For December 8
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Asean morning newsAsean Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Asean builders to reap gains from $323-billion spree
With at least $323 billion in infrastructure spending in the pipeline in Southeast Asia and potentially more expected over the next few years, 2018 could well shape up as the year of builders’ stocks from Indonesia to the Philippines that have been the laggards in a broader market rally this year.
— Business Mirror

ASEAN needs to boost ties with Russia: expert
Russia and ASEAN must strengthen their ties and cooperation because they share political and security interests, according to a leading Russian strategist.
— Myanmar Times

Indonesia calls on ASEAN to unite in fight against crimes at sea
Indonesia’s foreign affairs ministry has has called on all members of the Association of Southeast Asian Nations (ASEAN) to unite in the fight against crimes at sea, reports Tempo.
— Undercurrent News

Malaysia-China initiative will enable both sides to jointly develop China-Asean cross-border trade
MALAYSIA’S SuperAnt Technology Sdn Bhd and China’s public listed e-commerce service provider Eget Information Technology Co. Ltd have signed a Memorandum of Understanding at Hangzhou, China to drive cross-border e-commerce trade between China and the Asean region.
— The Star Online

Commodities Buzz: Steel Imports in Six ASEAN Countries Drop 11% in H1 2017
Total steel import in the ASEAN six countries (namely Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam) declined significantly, by 11% y-o-y to around 25 million tonnes in the first half of 2017. Intra-ASEAN steel trade also declined, by 6-7% y-o-y, to 1.4 million tonnes in the same period of 2017. Intra-ASEAN steel trade for long steel declined by a double digit of 12.5% y-o-y to less than 400,000 tonnes in the first half of 2017.

South East Tourism Destination Market Country Focused Analysis, Trends and Forecast Till 2025
To understand the tourism destination Industry Status worldwide, Market Research Hub (MRH) has included the latest Forecast report titled “South East Tourism Destination Market Report 2017” to its vast database. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors.
— Sat PR News

San Carlos gets ‘Asean Clean Tourist City’ award
SAN Carlos City in Negros Occidental is among the recipients of the 1st Association of Southeast Asian Nations (Asean) Clean Tourist City award.
— Sun Star Bacolod

Singapore invited to attend G-20 summit
As chair of Asean next year, Singapore will work together with Argentina to strengthen cooperation between the G-20 and Asean.
— The Straits Times

Shared Values, Common Destiny: The Call Of The ASEAN
Inviting leaders of 10 South East Asian countries to attend the 2018 Republic Day celebrations as well as participate in a commemorative summit marking the 25th anniversary of India’s ties with the bloc, Prime Minister Narendra Modi said 1.25 billion people of India are keen to welcome the Association of Southeast Asian Nations (ASEAN) leaders as the chief guests at India’s 69th Republic Day celebrations.
— Swarajya

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Cambodia Claims Washington ‘Trying to Destroy Relations’ as U.S. Imposes Travel Restrictions
The United States on Wednesday said it will block entry to Cambodians whom Washington deems are “undermining democracy in Cambodia” and called on Phnom Penh to reverse an anti-democratic crackdown on the opposition.

So long, US; howdy, Russia
Much of the Western world lined up to admonish Cambodia’s Supreme Court’s ruling last month to dissolve the opposition Cambodia National Rescue Party (CNRP), with the European Union and United States in the lead threatening punitive sanctions, including visa restrictions on complicit officials.
— Asia Times

New NEC members insist they are neutral
The last formal reshuffling of power following the opposition party’s dissolution was completed yesterday, as three National Election Committee members were confirmed into office and 11 additional CPP lawmakers were sworn in to the National Assembly.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov


Indonesia’s Most Corrupt City: Medan, But Bandung Top For Tea Money
Business owners looking to set up shop in Indonesia are probably best advised to give the Sumatran capital of Medan and the West Java capital of Bandung a miss.
— AEC News Today

Bank Indonesia declares bitcoin payment illegal
Indonesia’s central bank on Thursday said it had issued a new regulation prohibiting the use of cryptocurrencies — including bitcoin — in the country, as their rising popularity has raised concerns over unwanted impacts on the economy.
— Nikkei Asian Review

Indonesia in energy crisis: Pertamina director
Upstream director Syamsul Alam of state-owned energy firm Pertamina has called on the government to declare that the country is facing an energy crisis, as it is now a net oil importer and would soon become a net gas importer, reported on Wednesday.
— The Jakarta Post

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Cabinet orders urgent action to improve investment climate
The government cabinet has ordered authorities in charge to speed up streamlining procedures to ease business operations and improve the investment climate.
Vientiane Times 

Lao and Vietnamese News Agencies Enhance Cooperation
The Lao News Agency (KPL) and Vietnam News Agency (VNA) have agreed to increase information exchange and enhance cooperation.
Lao News Agency 

Huaphan’s bamboo production development efforts get boost
GRET Professionals for Fair Development has agreed to continue longstanding cooperation efforts with the Department of Forestry under Ministry of Agriculture and Forestry in support the implementation of Huaphan province’s bamboo strategy project.
Vientiane Times

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Malaysia to Build World’s FIRST Halal Vaccine Centre
Malaysia continues to propel itself as a halal hub – most recently with plans to develop a halal-vaccine manufacturing centre.
— Juice

Malaysia-China initiative will enable both sides to jointly develop China-Asean cross-border trade
MALAYSIA’S SuperAnt Technology Sdn Bhd and China’s public listed e-commerce service provider Eget Information Technology Co. Ltd have signed a Memorandum of Understanding at Hangzhou, China to drive cross-border e-commerce trade between China and the Asean region.
— The Star Online

Stronger export performance in Oct points to healthy 4Q economy
The strong 18.8 per cent export growth in October points to a healthy economy in the fourth quarter, said economists.
— New Straits Times

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Newly launched UNESCO mobile app empower Myanmar’s agricultural sector with information
UNESCO Myanmar and local agri-tech startup Greenovator have launched an upgraded version of a mobile application that puts a wealth of development information of people working in the country’s agricultural sector.
— Unesco

Minimum wage could be coming next May
The Ministry of Labour, Immigration and Population is planning a December 23 forum that will include participation of a wide range of stakeholders as demanded by labour groups. The ministry is also considering a minimum wage designation timed for next May, said permanent secretary Myo Aung.
— Eleven Myanmar

US business chiefs scope out deals with peers in Myanmar
A TEAM OF 37 executives from 14 leading US companies met with representatives of the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) at the latter’s office on Wednesday to deepen bilateral economic relations and to seek new joint ventures with local firms.
— The Nation

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat


Philippines threatens Sanofi with legal action over dengue vaccine
The Philippines plans to sue Sanofi over its dengue fever vaccine in response to the French drugmaker’s warning that the drug could lead to severe infections in some cases, the country’s health secretary said on Thursday.
The Financial Times

Military urges 1-year martial law extension
THE Armed Forces has recommended to President Duterte a one-year extension of martial law in Mindanao, which is due to end on December 31, so ground units will continue to have teeth in going after terrorists.

More Filipino families experience hunger in Q3 — SWS survey
The number of Filipino families that experienced involuntary hunger in the third quarter of the year rose by half a million, according to the latest survey by the Social Weather Stations (SWS).

See here for more of today’s Philippines Morning News


Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


Singapore’s AsiaMalls adopts QR payment
In much of Asia, including Singapore and Hong Kong, merchants have multiple options to accept customer payments: cash, credit card, and stored value facilities in the form of e-wallets.
Telecom Asia 

Bike-sharing provider oBike suffers global data breach
Local bike-sharing service provider oBike had suffered a global security breach that lasted at least two weeks, resulting in user data being leaked online.
Channel NewsAsia

Singapore overtakes US as most attractive destination for Chinese overseas investments: EIU report
Singapore has surpassed the United States to emerge as the top destination for overseas investments from China in this year’s China Going Global Investment Index 2017.
The Straits Times (paywall)

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


Consumer confidence hits 33 month high
The University of the Thai Chamber of Commerce (UTCC) has credited government stimulus of the grassroots economy with pushing Consumer Confidence in November to the highest point in 33 months.

All fights to Nakhon Si Thammarat for Friday cancelled
All fights from Don Meuang airport to Nakhon Si Thammarat for Friday (Dec 8) have been cancelled as flood situation in this southern province remains serious.
— Thai PBS

Thailand to avoid Mekong blasting plan at China talks
THAILAND will highlight water management, connectivity, sustainable development and people-to-people relations when Foreign Minister Don Pramudwinai joins the 3rd Lancang-Mekong foreign ministers meeting in Dali, China, next week.
— The Nation

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


​PM assigns new State budget estimates, increased basic salary in 2018
Prime Minister Nguyen Xuan Phuc has issued a decision to assign new State budget estimates in 2018 to the relevant authorities and localities, as well as urging them, on the basis of the assigned estimates, to take initiative in deploying the increase in basic salary for civil servants and public employees from July 1 next year.
— Nhan Dan Online

Vietnam’s central bank contemplates ‘mobilizing’ gold from public
The State Bank of Vietnam, the country’s central bank, likes to be the only entity authorized to accept savings in gold bullion and conduct transactions on gold trading floors.
— Tuoi Tre

Vietnam: FDI Strategy for 2018-2023
Vietnam’s Ministry of Planning and Investment, with the assistance of the World Bank, is currently drafting a new FDI strategy for 2018-2023 focusing on priority sectors and quality of investments, rather than quantity.
— Vietnam Briefing

See here for more of today’s Vietnam Morning News


Asean Morning News is the most comprehensive selection of reports on what you need to know from around the Asean Economic Community (AEC) published. All articles are hand curated by the team at AEC News Today. It is published M-F by AEC News Today: Governance, not government; policies not politics.


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