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Asean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

Benefits abound if SMEs in Asean tap technology
The advent of technology, mechanisation, digital connectivity and digitalisation has benefited the business ecosystem among Association of South-east Asian Nations (Asean) members (SMEs urged to transform their businesses to ride on digital wave; June 20).
— Today Online

Five challenges for China and ASEAN as region faces rebalance of power
This year marks the 50th anniversary of ASEAN. ASEAN, with a total area of 4.46 million square kilometers and a population of nearly 600 million, has come a long way in political, economic and regional cooperation, becoming the main cooperation mechanism in Southeast Asia.
— Global Times

SE Asia stocks rise as oil prices extend gains
Most Southeast Asian stock markets edged higher on Tuesday as oil prices rose for a fourth consecutive session, although worries over a persistent global supply glut lingered.
— Bangkok Post

Almost 5,000 Cars Exported Yearly by Perodua to Countries Incl Indonesia
Malaysia’s car industry is set for a smoother drive with both national carmakers, Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua), shifting to top gear to become more robust and competitive.
— Netralnews

1,000 firefighters to ensure safety of Asean meetings
MORE than a thousand Bureau of Fire Protection (BFP) 7 personnel will be deployed in the Association of Southeast Asian Nations (Asean) meetings next week.
— Sun Star

Constitutional ban on nuclear weapons
IN 1987, the newly restored Philippine democracy adopted a new constitution with a startling provision that read: “The Philippines, consistent with the national interest, adopts and pursues a policy of freedom from nuclear weapons in its territory.”
— Business Mirror

Premier Li hopes for Singapore’s constructive role in boosting China-ASEAN ties
Chinese Premier Li Keqiang said here Tuesday that China hopes Singapore can play a constructive role in China’s relations with the Association of Southeast Asian Nations (ASEAN).
— Xinhua

Asean R&D congress kicks off in Manila
A four-day regional conference participated by research and development (R&D) experts from member-economies of the Asean kicked off at the Sofitel Hotel in Pasay City on Tuesday.
— Business Mirror

World Bank Group Supports Seed Sector in Mekong Countries to Boost Agri Productivity and Income
IFC, a member of the World Bank Group, is helping increase the use of high quality seeds in the Mekong countries by developing policies and legal frameworks that support a vibrant and competitive seed sector.
— The Financial

Overview of the Automotive Industry in the Greater Mekong Subregion, Forecast to 2021
The study provides an overview of the automotive industry in the Greater Mekong Subregion (GMS). Over the years, the global automotive industry has been focused on the developed countries with saturated growth and developing countries which are likely to be saturated in the short to medium term.
— Cision PR Newswire

Cambodia Morning News

Compiled by Leakhena Khat    @leakhenakhat

Government eyeing low-cost housing
An estimated 7.9 million people in Cambodia will be living in urban areas by 2030, up from 4.5 million in 2014, with officials at a forum on national housing yesterday announcing ambitious plans to meet the demand for some 55,000 affordable new homes each year.
— The Phnom Penh Post

Official Admits to Selling State Property, Blames Older Colleagues
The director of Preah Vihear’s provincial department of mines and energy admitted in court on Tuesday that he had sold off state land worth about $65,000, but claimed he had done it at the request of older officials and did not pocket the money himself.
— The Cambodia Daily (paywall)

ADB partnering Cambodia utility for 100MW solar park programme
The Asian Development Bank (ADB) is collaborating with Cambodian state-run energy utility Electricite Du Cambodge (EDC) to set up a 100MW national solar park programme.
— PV-Tech 

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Indonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

Indonesia’s Debt to Singapore Reaches IDR677 Tln
Indonesia’s foreign debt as of Apri ofl 2017 has reached United States (US)$ 328.17 billion, or equivalent to IDR4,365 trillion. This debt figure is higher the debt of $326.45 billion in the previous month.
— Netralnews

Gov’t Seeks to Further Cut Dwell Time at Ports in Q4
The government seeks to cut dwell time at the country’s ports to less than two days from the current 2.9 days in the fourth quarter of this year and to reduce logistics costs through policies that provide support for logistics companies, a senior minister said on Monday (26/06).
— Jakarta Globe

Indonesia’s coffee exports fall to 9.1 mln bags in 2016/17
Indonesian coffee production declined to an estimated 10.8 mln 60-kg bags in 2016/17 from 11.4 mln a year earlier, due to an El Nino-induced drought in 2015 that interrupted flowering and ripening of the coffee cherries.
— AgraNet

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Lao PDR Morning News

Compiled by Cara Navarro    @cara_nav

Laos seeks to further collaborate with EU
A high-ranking Lao official has confirmed the country’s willingness of further collaboration with the European Union (EU) during an event celebrating 20 years of their cooperation, Lao News Agency (KPL) reported Tuesday.
— Global Times

Laos-Thailand railway extension construction back on track
Construction of the Laos-Thailand railway extension linking the existing outer suburban station to central Vientiane is expected to begin at year’s end or early next year after the project was suspended in 2011.
– Vientiane Times

Coffee growers counting beans, out of pocket for product
Dao-Heuang Group will seek to repay the money it owes the country’s coffee farmers as soon as possible after the company fell several months behind in payments for the raw beans.
— Eleven

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Malaysia Morning News

Compiled by Leakhena Khat    @leakhenakhat

Investors upbeat about Malaysian property
Despite the less-than-stellar performance of many listed property companies during the recent corporate earnings season, investor confidence in local property stocks has actually been steadily increasing this year.
— The Star Online 

Malaysia climbs out of Tier 2 watch list in US human trafficking chart
Malaysia has slightly upgraded its position in the United States annual Trafficking in Persons (TIP) report released last night, climbing out of the Tier 2 Watch List.
— The Malay Mail Online 

International Energy Agency to set up global exchange hub
The International Energy Agency (IEA) will set up a global exchange hub for energy efficiency to share policies, insights and best practices.
— The Edge Markets 

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Myanmar Morning News

Compiled by Cara Navarro     @cara_nav

Real estate prices reach record highs downtown and at industrial zones
Government real estate assessors estimate that property values on Kabar Aye Pagoda Road and Pyay Road between Kamayut and Sanchaung townships have reached a record highs of Ks400,000 per square foot, according to a report in yesterday’s Myawady Daily newspaper.
– Global New Light of Myanmar

No profits from Myanmar-China gas pipeline: deputy minister
No profits have been made yet from the Myanmar-China natural gas pipeline project, which sends gas to China from offshore deposits in Rakhine State, while Chinese loan for the project is still being paid, said deputy minister for electric power and energy Dr Tun Naing.
– Eleven Myanmar

NLD positive on clean coal technology
Clean coal technology might be an option for the government’s energy policy, according to an NLD spokesperson.
– The Myanmar Times

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Philippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu

Moody’s keeps PHL grade but flags risks
MOODY’s Investors Service kept its rating on the Philippines yesterday, even as it flagged local political developments and potential overheating risks that could weigh on the economy’s otherwise robust growth potential.
— BusinessWorld Online

Government programs P195-B domestic borrowings in Q3
The government is set to borrow P195 billion from domestic sources through the issuance of Treasury bills and Treasury bonds in the third quarter, the Bureau of the Treasury (BTr) said yesterday.
— The Philippine Star

Philippines needs to find another export instead of people
When you arrive at most airports around the globe, the VIP line is for celebrities, politicians and tycoons. In the Philippines, the VIPs are OFWs.
— Asia Times

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Singapore Morning News

Compiled by Leakhena Khat    @leakhenakhat

Singapore to let banks move into e-commerce
Singapore is changing its regulations to make it easier for banks to move into non-financial but complementary business areas such as e-commerce.
— Finextra 

Singapore sees cargo surge
Singapore’s Changi airport registered double-digit cargo shipment growth in May over the prior year
— Fruitnet 

1.57 million Singaporeans to benefit from GST Vouchers, Medisave top-ups
A total of 1.57 million citizens will receive notifications about their 2017 GST Vouchers (GSTV) and Medisave top-ups, the Ministry of Finance said on Tuesday (June 27).
— Today Online 

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Thailand Morning News

Compiled by John Le Fevre    @photo_journ

Baht strength dims export outlook 
CURRENCY weakness in some of Thailand’s key developed country trading partners is clouding the outlook for exports despite some otherwise positive signs this year, said Wisit Limluecha, vice chairman of the Thai National Shippers’ Council, yesterday.
— The Nation

Junta installs committee to ‘take care of’ elected governments for 20 years
Thailand’s junta-appointed parliament has passed a bill that will install a committee tasked with ensuring that future governments adhere to the National Council for Peace and Order’s (NCPO) strategic plans for the next twenty years. Governments who fail to bring to life the NCPO’s wishes will face prosecution by the National Anti-Corruption Commission.
— Prachatai English

Thailand considers tolls for roads used by cross-border motorists
Thailand might collect tolls for roads used by motorists crossing the border from neighbouring countries, a senior government official said on Monday (Jun 26), China’s Xinhua news agency reported.
— Channel NewsAsia

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Vietnam Morning News

Compiled by Cara Navarro    @cara_nav

’Business as usual’ won’t drive growth: official

Key advantages that have driven national growth will not last much longer, and policy breakthroughs are needed to unleash the nation’s ‘inner potential,’ a senior Party official said yesterday.
– Viet Nam News

Country sees record hike in international visitors
The country has seen an estimated 6.2 million international visitors in the first half of this year, up 30.2 per cent year-on-year, the General Statistics Office (GSO) reported.
– Viet Nam News Bizhub

Family businesses make significant contribution to GDP
Around 100 large household businesses in the country are contributing to a quarter of the country’s gross domestic product (GDP), the Viet Nam Chamber of Commerce and Industry (VCCI) said.
– Viet Nam News Bizhub

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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