Asean Morning News For July 14

Asean Morning News For July 14
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Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Times’ Asia Pacific University Ranking Distorts, Confuses: Mahidol No Longer #3 in Asean
One of the world’s leading publishers of higher education rankings has been forced to defend its latest compilation – a ranking of Asia Pacific universities – after a prestigious Malaysian university was omitted.
— AEC News Today

CIMB Research starts coverage of YSP Southeast Asia with Add rating
CIMB Equities Research has initiated coverage of drug maker YSP Southeast Asia with an Add rating and sum-of-parts based target price of RM3.50, which is 30.1% abve the last traded price of RM2.69.
— The Star Online

Asean-PCOO roadshow reaches Antique
The Asean-Pesidential Communications Operations Office (PCOO) roadshow reached Antique province with a briefing of the information officers and the media on Thursday.
— Philippine News Agency

Malaysia, Singapore, and Indonesia Transformational Health Insights, 2017 – 2022
Southeast Asia (SEA) is emerging as the gold mine for both local and international healthcare vendors. Within SEA, Malaysia, Singapore, and Indonesia still have unexplored and under-served markets providing boundless opportunities for healthcare vendors with innovative products and services.
— Cision PR Newswire

How Malaysia lingers way behind Singapore, Brunei
Malaysia is heading towards its 2020 objectives in strides, frantically building a vast infrastructure network, enhancing connectivity and banking on innovation so that it can declare itself a developed nation.
— The Independent

VN film fest to award best ASEAN movie
The festival, which will be held from November 24 to 28 in Da Nang City, will not only honour the best Vietnamese movies produced in the past three years, but also award the best film from among the ASEAN member countries.
— Fox Sports Asia

ASEAN urged to build a sense of community for integration
ASEAN nations need to build their sense of community and refrain from competing among themselves if they wish for economic integration efforts to succeed, a recent panel discussion has concluded.
— The Jakarta Post

‘China, ASEAN should strengthen security ties’
Ahead of ASEAN’s 50th anniversary, it is important for the regional grouping to consider boosting security cooperation with China in order to prevent tensions between some countries escalating into conflict, a Chinese academic has said.
— The Jakarta Post

Asean colleges should address curricular mismatch to help students: CHED
Colleges and universities of member countries of the Association of Southeast Asian Nations (Asean) should resolve individually the issue on the mismatch among their curricular programs to make studying easier for exchange students, Commission on Higher Education (CHED) spokesperson, Commissioner Prospero de Vera III, has said.
— Northbound Philippines News


Cambodia morning newsCambodia Morning News

Compiled by Leakhena Khat    @leakhenakhat


ADB plan aims for synergy in agro sector
The Asian Development Bank (ADB) is close to finalising its five-year action plan for 2018 to 2022 that promotes agricultural-based value chains across the Greater Mekong Subregion (GMS), an area that includes Cambodia, Laos, Vietnam, Thailand, Myanmar and the southern Chinese province of Yunnan, the regional development bank announced yesterday.
The Phnom Penh Post

Government collects $915M in taxes in first semester
The government collected $915 million in tax revenue during the first six months of the year, according to figures released yesterday by the Ministry of Economy and Finance.
The Phnom Penh Post 

Government to Continue Drug Crackdown With Nearly $1M Budget
Prime Minister Hun Sen has authorized a six-month extension of the government’s anti-drug campaign, an anti-drug authority official said on Thursday.
The Cambodia Daily (paywall)

See here for more of today’s Cambodia Morning News 


Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Govt Considers Three Provinces for Next State Capital: Jokowi
President Jokowi says that he is currently waiting for results of the assessment of three provinces which will replace Jakarta as the capital of Indonesia.

70,752 newcomers flock to Jakarta in post-Idul Fitri influx
The Jakarta Population and Civil Registration Agency recorded 70,752 newcomers during the post-Idul Fitri influx who accompanied relatives or friends who lived in the city.
— The Jakarta Post

To grow fast, Indonesia needs 15% tax-to-GDP ratio: IMF
The International Monetary Fund (IMF) has said that Indonesia and other Asian countries need to increase their tax-to-gross domestic product (GDP) ratio to 15 percent so they can accelerate economic growth.
— The Jakarta Post

See here for more of today’s Indonesia Morning News 


Lao PDR morning newsLao PDR Morning News

Compiled by Cara Navarro    @cara_nav


Laos Actively Spurs Investment Promotion
The Ministry of Planning and Investment and the Organisation for Economic Co-operation and Development (OECD) had a discussion on improving a policy on investment promotion in Laos.
Lao News Agency

Government to open centres for returning Lao workers
The government called on all Lao workers returning home from Thailand to register at forthcoming provincial assistance centres and acquire passports so they can be legally re-employed in Thailand.
Vientiane Times

China keen to make Laos part of chain
Laos’s special economic zone is expected to become part of a planned cooperation pact between Thailand and China linking their flagship Eastern Economic Corridor (EEC) and Kunming SEZ.
Bangkok Post

See here for more of today’s Lao Morning News 


Malaysia morning news

Malaysia Morning News

Compiled by Leakhena Khat    @leakhenakhat


Malaysia central bank holds rates at 3%
Malaysia’s central bank kept its benchmark interest rate steady at 3 per cent, as expected by economists.
The Financial Times 

Prasarana CEO hails MRT’s positive impact to country’s GDP growth
Mass Rapid Transit’s impact to the national gross domestic product (GDP) growth will not stop even after its completion said Prasarana Malaysia Bhd chief executive officer Datuk Seri Azmi Abdul Aziz
New Straits Times 

Malaysian state introduces public canings for those who break Sharia law
A state in Malaysia has introduced public canings for people who break Sharia law, despite strong criticism from politicians and rights campaigners.

See here for more of today’s Malaysia Morning News 


Myanmar morning newsMyanmar Morning News

Compiled by Cara Navarro     @cara_nav


Myanmar to meet FDI target this financial year
Myanmar intends to attract US$6 billion in Foreign Direct Investment (FDI) in financial 2017-2018, according to U San Myint, the Deputy Director-General of Directorate of Investment and Company Administration (DICA), according to his public statements before the Myanmar Investment Commission on 11 July.
Global New Light of Myanmar

Government targets trade worth US$29 billion in 2017 – 18
Trade volumes amounting to US$29 billion have been targeted for 2017-18, with US$14 billion from exports, and US$15 billion from imports, said U Khin Maung Lwin, assistant secretary from the Ministry of Commerce.
The Myanmar Times

Myanmar opens arms for the first foreign company to build an oil and gas supply base
MOSB Limited (MOSB), has received approval from the Myanmar Investment Commission (MIC) on 11July, 2017 to build and operate a supply base in Mon State, with the endorsement from the Ministry of Energy.

See here for more of today’s Myanmar Morning News 


Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


ADB, World Bank eye technical assistance grants for Marawi rehab
Multilateral lenders the Asian Development Bank (ADB) and the World Bank are looking into technical assistance grants for the rehabilitation of Marawi City once fighting ends on top of a possible emergency loan to be extended by the latter, the country’s chief economist said.
— Philippine Daily Inquirer

4 of 10 nonpoor Filipino households could slip into poverty in 3 years
The lack of access to transportation, decent employment and timely government intervention could send a lot of nonpoor households to poor status in three years, according to the Philippine Institute for Development Studies (PIDS).
— Business Mirror

S&P slashes Philippine GDP growth projection
S&P Global Ratings has tempered its gross domestic product (GDP) growth outlook for the Philippines this year, according to a new report published yesterday, even as it continues to see a healthy external position and debt burden for the economy.
— BusinessWorld Online

See here for more of today’s Philippines Morning News 



Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat    @leakhenakhat


Singapore’s GDP grew by 2.5% in Q2 of 2017
Growth in manufacturing and services helped Singapore’s economy grow by 2.5 per cent in the second quarter from a year ago, the same pace of growth in the previous quarter, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Friday (July 14).
Today Online 

Services growth picks up pace in Q2 at 1.7% y-o-y, manufacturing leads at 8%
GROWTH in Singapore’s services sector picked up pace, according to advance estimates of second-quarter performance, while manufacturing continued to lead overall economic expansion, though at a slower pace.
The Business Times 

FAA and Singapore Sign Aviation Safety Agreement
The Federal Aviation Administration (FAA) signed a milestone Maintenance Agreement Guidance (MAG) yesterday with the Civil Aviation Authority of Singapore (CAAS). The agreement allows for mutual surveillance conducted on certified repair stations located abroad for each of the agreement partners.
Federal Aviation Administration 

See here for more of today’s Singapore Morning News 


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


BoT ‘suppressed baht’ to bolster exports: KBank
The Bank of Thailand intervened in the currency market last week in what was believed to be an attempt to prevent the baht strengthening so as to stop export recovery momentum stalling, according to a senior official at Kasikornbank (KBank).
— Bangkok Post

New Thai lawsuit faces Leicester City owner
A Thai anti-graft official will file a 17-billion-baht ($500- million) lawsuit against King Power International, his second case against the company that owns English Premier League football club Leicester City, he said on Thursday.
— Reuters

Times’ Asia Pacific University Ranking Distorts, Confuses: Mahidol No Longer #3 in Asean
One of the world’s leading publishers of higher education rankings has been forced to defend its latest compilation – a ranking of Asia Pacific universities – after a prestigious Malaysian university was omitted.
— AEC News Today

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Cara Navarro    @cara_nav

Nielsen busts myths about rural consumers
Mainstream and premium are the two key contributors to growth in fast-moving consumer goods (FMCG) in rural areas, at nearly 40 per cent and 38.5 per cent, respectively, the latest Nielsen report on rural Vietnamese consumers found.
Vietnam EconomicTimes

Vietnam among world top 50 innovative countries
Vietnam was ranked 47th among over 127 economies surveyed in the global innovation index (GII) report 2017, the highest ranking to date, up 12 places compared to last year’s report.

WB: 6.3% growth in 2017 suitable for Vietnam
The World Bank has maintained its forecast for Vietnam’s economic growth this year of 6.3 per cent despite the Prime Minister saying he is confident about 6.7 per cent growth.
Vietnam EconomicTimes

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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