Asean Morning News For November 24

Asean Morning News For November 24
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Asean morning newsAsean Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Change in global energy system discussed on 2nd ASEAN Solar + Energy Storage Congress
This is according to Atty. Maria Soreso of the Renewable Energy Bureau, who Represented energy secretary Alfonso Cusi at the ASEAN Solar + Energy Storage and Expo 2017 last week.
— Power Philippines

Visiting Navies Conquer Pattaya’s Cesspit Streets (HD video)
It could have been a disaster. Instead, it was just a national embarrassment. Earlier this week the world was treated to video (such as the one above) and photographs of naval colour parties and bands marching through ankle-deep, putrid, effluent saturated flood waters in Pattaya.
— AEC News Today

ASEAN surprised with stronger GDP growth in 2017 and trying to sustain
The majors ASEAN economies (Vietnam, Philippines, Singapore, Indonesia, Malaysia, Thailand) had solid to great economic growth in 2017.
— Next Big Future

ASEAN advised to have regional development fund
Former Secretary General of the Association of Southeast Asian Nations (ASEAN) Surin Pitsuwan has called on the bloc’s member nations to jointly develop a regional development fund to address its lack of infrastructural development.
— Vietnam Plus

ASEAN Automotive Composites Market Growth Opportunities Report 2017-2022 – Market to Grow at a CAGR of 6.5%
The “Growth Opportunities for the ASEAN Automotive Composites Market” report has been added to Research and Markets’ offering.

BGF launches new glass factory to enter Thai and Asean market
BGF (or BGF Glass Co Ltd), a manufacturer and distributor of float glass panels operating under Bangkok Glass (BG), has launched its first glass production factory.
— The Nation

ASEAN Key To Economic Prosperity Of North East: Minister Patowary
The Centre for South East Asian Studies (CSEAS) of the Gauhati University organised the 25th Anniversary of the ASEAN-India Dialogue Partnership at BKB Auditorium, GU today.
— The Shillong Times

ASEAN told needs clear direction
ASEAN member states must step out of their comfort zones and steer regional cooperation in a clear direction, experts told a seminar on Thursday.
— The Jakarta Post

Gordon praises ASEAN leaders for recognizing Red Cross’ contributions
Philippine Red Cross (PRC) Chairman and Chief Executive Officer (CEO) Richard Gordon praised the Association of Southeast Asian Nations (ASEAN) leaders for recognizing the contributions of the Red Cross Movement in providing protection and humanitarian assistance to those affected by disasters in the region.

Stress on better ASEAN-India ties
The 25th anniversary of the ASEAN-India Dialogue Partnership Celebration Conference was held at the BKB Auditorium, Gauhati University today. Dato’ Ramesh Kodammal, Chairman, ASEAN-India Business Council, who delivered the main lecture, said, “ASEAN is so real to all of us.
— The Assam Tribune

G-X FTSE Asean 40 ETF (ASEA) TEMA Trending Higher
G-X FTSE Asean 40 ETF (ASEA)’s Triple Exponential Moving Average has been spotted as trending higher over the past five bars, suggesting that momentum is building for the shares.
— Geneva Journal

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Cambodia’s Hun Sen warns his party it could still lose election
Cambodian Prime Minister Hun Sen has warned his party it could still lose next year’s election even after the banning of the opposition and demanded that it improve its image, according to a recording leaked online on Thursday.
— Reuters

No opposition to Cambodia’s lack of opposition
The prospect of a political equilibrium in Cambodia faded when the Cambodian Supreme Court dissolved the country’s only opposition party on 16 November.
— East Asia Forum

Locals see parallels to Mugabe
The ousting of long-serving Zimbabwean leader Robert Mugabe has prompted comparisons between his rule and that of Cambodian Prime Minister Hun Sen, parallels that seemed to resonate with everyday Cambodians yesterday despite the ruling party’s rejection of them.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov


Indonesian startup wages war on plastic with edible cups
Jakarta food and beverages retailer Ong Tek Tjan sells ice cream in cups his customers can eat afterwards, instead of throwing away – they are made from seaweed and taste like jelly, in flavours from peppermint to green tea.
— Bangkok Post

Indonesia, South Korea initiate plan to develop electric car battery
Maritime Affairs Coordinating Minister Luhut Binsar Pandjaitan has met with Korean Ambassador to Indonesia Cho Tai-young on Thursday to discuss the countries’ joint development of a lithium-ion battery for electric cars.
— The Jakarta Post

Jollibee eyes 15 more outlets in Singapore, market in Indonesia
Philippine fast-food giant Jollibee is opening at least 15 more outlets in Singapore in the next five years, and breaking into Indonesia’s huge market in 2019.
— The Straits Times

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Round Table meeting agrees on closer partnership for development
The government and its development partners have committed to closer cooperation to realise Laos’ graduation from Least Developed Country (LDC) status and achieve the Sustainable Development Goals (SDGs).
Vientiane Times 

Processing industry ramps up a gear
The processing industry is experiencing faster growth as a result of market competition and the inflow of foreign investment to Laos, according to an expert in the field.
Vientiane Times 

Ministry clamps down on use of foreign internet in Laos
The authorities have warned people using internet services commercially provided by operators in neighbouring countries to refrain from doing so as it violates Lao law.
Vientiane Times 

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Malaysia and EU form special committee to address protectionist issue
Malaysia and the European Union (EU) are setting up a Palm Oil Economic and Technical Committee to help resolve the ongoing debate on disguised protectionist measures.
— New Straits Times

Nestle opens new global procurement hub in Malaysia
Nestle has selected Malaysia as one of its three sites across the world for its global procurement hub, it has been announced at a press conference.The company’s Malaysian CEO, Alois Hofbauer, said a new 23,000 sq ft hub would service over 100 countries worldwide.
— Supply Chain Digital

Maybank Islamic launches Rent-to-Own housing scheme, first by a Malaysian bank
Maybank Islamic, which plans to roll out its rent-to-own scheme named HouzKEY to the public in the first quarter of next year, is eyeing a portfolio size of RM1 billion within the first year.
— The Sun Daily

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Myanmar, Bangladesh sign deal to return hundreds of thousands of Rohingya refugees
Myanmar and Bangladesh have signed a memorandum of understanding for the return home of hundreds of thousands of Rohingya refugees who fled to the neighbouring country to escape an army crackdown, a senior Myanmar official says.
— ABC News

CMHR faces calls to remove Myanmar leader Suu Kyi from exhibit
The Canadian Museum for Human Rights is looking at whether Myanmar’s Aung San Suu Kyi should be removed from its exhibitions amid widespread allegations of human rights violations against Rohingya Muslims in the predominantly Buddhist nation she leads.
— CBC News

U.S. suspends official travel to Myanmar’s troubled Rakhine
The United States temporarily suspended travel for American officials to parts of Myanmar’s Rakhine state, the U.S. embassy said on Thursday, citing concerns over potential protests after Secretary of State Rex Tillerson accused Myanmar of “ethnic cleansing” in the state.
— Reuters

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat


PH to liberalize 8 sectors
In a bid to raise the Philippines’ level of competitiveness, Malacañang has directed the National Economic and Development Authority (NEDA) Board and its member-agencies to ease or lift some restrictions on investment activities that have limited foreign participation, Presidential Spokesman Harry Roque said the directive was contained in Memorandum Circular No. 16 signed November 21.

Philippine leader gives order to start easing foreign business restrictions
Philippine President Rodrigo Duterte has instructed government agencies to scrap or start easing barriers that foreigners face in multiple business and employment sectors, part of moves to liberalize an economy long criticized as restrictive.

Revolutionary ideas, yes; but not revolutionary govt
AFTER writing several successive columns on “revolutionary government,” I thought I had already said everything and need no longer say more, without making myself a pain in the anatomy of its fondest proponents.
The Manila Times 

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


MyRepublic gets $52m funding injection
Singapore-based ISP MyRepublic has secured a S$70 million ($51.9 million) investment to pursue further regional expansion and establish MVNO operations.

Signapore ag authority says durians safe to eat after insecticide rumours
Durian lovers in Singapore can eat the pungent fruit without fear, as the Agri-Food and Veterinary Authority (AVA) has dispelled rumours that suggested there were high levels of insecticide in Malaysia’s Musang King durians or Mao Shan Wang durians.
Fresh Plaza

Basic wage to rise by S$300 over 3 years for security officers
The Security Tripartite Cluster (STC) has recommended a higher basic wage and reduced overtime hours for private security officers.
Channel NewsAsia 

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


Thailand’s recovery impresses ADB
THE Asian Development Bank (ADB) is bullish on the prospects for Thailand and plans to upgrade its growth forecasts for the economy next month.
— The Nation

BOI approves tax incentives for investors in EEC
The Board of Investment of Thailand has approved measures to encourage investment in the Eastern Economic Corridor (EEC) and support for SMEs which register in the Market for Alternative Investment (mai).

Visiting Navies Conquer Pattaya’s Cesspit Streets (HD video)
It could have been a disaster. Instead, it was just a national embarrassment. Earlier this week the world was treated to video (such as the one above) and photographs of naval colour parties and bands marching through ankle-deep, putrid, effluent saturated flood waters in Pattaya.
— AEC News Today

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Due Diligence Vital as Vietnam’s SOE Sale Gathers Pace
After 25 years of rhetoric about state-owned enterprise (SOE) reform in Vietnam it appears that there is finally some real progress.
— AEC News Today

Steel sector grows 22.8 percent in ten months
Domestic steel production exceeded 17 million tonnes in the first ten months of this year, growing 22.8 percent year on year, according to the Vietnam Steel Association (VSA).
— VietnamPlus

Bank loans for securities sector falls to $444.4m
Total lending of the banking sector for securities trading has reached VNĐ10 trillion (US$444.4 million), according to State Bank of Việt Nam (SBV) governor Lê Minh Hưng.
— The Nation

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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