Asean Morning News For November 30

Asean Morning News For November 30
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Asean morning newsAsean Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Risks, opportunities differ widely in Asean
The Association of Southeast Asian Nations (Asean) is expected to become the world’s fourth largest economy in less than a decade but its 10 members vary substantially in terms of risks and opportunities, a Fitch Group unit said.
The Manila Times 

Community stories of resilience building in ASEAN: Strengthening community resilience through peer-to-peer learning
ASEAN’s Declaration on Institutionalizing the Resilience of ASEAN and its Communities and Peoples to Disasters and Climate Change recognizes that the region is vulnerable to more frequent and severe disasters due to the rapid rise of natural hazards, extreme weather events, and the impacts of climate change.

The ASEAN Foundation and SAP extend strategic collaboration to drive positive social impact in the Digital Economy
The ASEAN Foundation and SAP SE (NYSE: SAP) today announced the continuation of their strategic collaboration into 2018, following a successful collaboration in its first year to bring about social impact in ASEAN.
Asia One 

Uber inks its first mobile wallet deal in Southeast Asia
Seeking to rise to increased competition, Uber has inked its first payments deal in Southeast Asia after it announced a partnership with Vietnam-based mobile wallet service Momo.

Subtlety of Asean consensus
THE introspection that greeted Asean at its 50th anniversary suggests that all is not well. Some have been moved to call it a “miracle”, a “world star” and one deserving a Noble Peace Prize. But, others have described it as divided and adrift.
New Straits Times 

US bilateral relations in ASEAN
China’s economic strength has grown rapidly. It has threatened the American influence in the Southeast Asia.
Asean Today 

Philippines extends losses among Asean markets but Thailand gains
Philippine shares fell on Wednesday, set for a third consecutive day of losses, while other markets trod water as investors assessed North Korea’s latest missile test.
The Star Online 

Asean should step up to promote a pacific Indo-Pacific
The proposal to rethink Asia-Pacific in terms of an Indo-Pacific region bounded strategically by India to the west, the US to the east, Japan to the north and Australia to the south, poses risks for South-east Asia and Asean. Will the region remain pacific?
The Straits Times (paywall)

Hyundai hits Asean goal in PH
Hyundai Asia Resources Inc. (HARI) said the creation of the first Hyundai Assembly Center (HAC) in the Philippines in 2017 fulfills Hyundai Motor Company’s (HMC) goal to expand its presence in Southeast Asia.

Bus plant ready for ASEAN zero tax
Car maker Truong Hai Automobile Company (Thaco) has opened a new bus plant in the Chu Lai-Truong Hai Industrial Complex in Quang Nam province.
Vientnam Plus 

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Cambodian PM leaves for China to seek more aid
Cambodian Prime Minister Hun Sen, facing Western donor pressure over a crackdown on critics ahead of 2018 elections, will seek more aid and investment from China during a visit this week, his aide said on Wednesday.
— Reuters

300 Former CNRP Activists in Phnom Penh Announced as CPP Members
Pa Socheatvong, Chairman of the Cambodian People’s Party (CPP) Member Committee, met with 300 members of council candidates and former Cambodia National Rescue Party (CNRP) activists who defected to Cambodian People’s Party Wednesday morning.
— Fresh News

Economy won’t be a casualty: analysts
Despite the widely condemned pre-election dissolution of the Cambodia National Rescue Party, the country’s only major opposition party, by the Supreme Court earlier this month, the heightened risk of political instability is expected to have limited short-term economic spill-over effects, according to an assessment from the risk advisory firm Access Asia Consulting Co Ltd.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov


Rupiah exchange rate to reach Rp13,600 in 2018: INDEF
The Institute for Development of Economics and Finance (INDEF) has forecast the average rupiah exchange rate next year to reach Rp13,600 per US dollar as compared to the government`s 2018 state budget target of Rp13,400.
— Antara

Automotive Industry Indonesia: New Player Arrives from China
Chinese car manufacturers seem not afraid to compete with their Japanese counterparts on Indonesian soil.
— Indonesia Investment

Indonesia Expects 2018 Deal With Freeport on Giant Copper Mine
Indonesia expects to conclude a deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of the giant Grasberg copper and gold mine.
— Bloomberg

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Korean loan supports hospital upgrade, riverbank protection
The Export-Import Bank of Korea (Government Agency for the Economic Development Cooperation Fund) has provided the Lao government with a loan for the development of infrastructure.
Vientiane Times 

Japan supports gender education, school construction in Bokeo
The government of Japan has provided grant assistance to support gender education and build secondary schools in Bokeo province.
Vientiane Times

Education, Private Sectors Discuss Potential Labour Markets for Graduates
Over 50 representatives of educational institutes and business community met at National University of Laos Dong Dok Campus on Nov 29 to discuss potential labour markets for new graduates.
Lao News Agency

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Malaysia among economies gaining from booming electronics exports in AsiaPac
Malaysia is among the select economies, including Hong Kong, Singapore, South Korea and Taiwan, to benefit from the booming electronics export activities in Asia Pacific, according to S&P Global Ratings.
— The Edge Markets

UAE daily rates Malaysia among top 10 for medical tourism
A prominent UAE newspaper has named Malaysia as one of the top 10 countries in the world for medical tourism.
— Free Malaysia Today

Malaysia Wrestles With Beijing’s One Belt One Road Bonanza
The sales office for Forest City, one of Malaysia’s largest residential property developments, looks less like an office than an airport hangar or a museum atrium: a futuristic dome flooded with noise and light.
— Forbes

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Thailand invests in facilities to raise border trade with Myanmar
At the seventh Asian Logistics and Maritime Conference in Hong Kong last week, Arkhom Termpittayapaisith, Thailand’s Minister for Transport, said that Thailand is in the process of developing a deep-sea port in Laem Chabang and that the three ports – Laem Chabang Port, Map Ta Phut Port and Sattahip Port – will be connected via railway.
— Myanmar Times 

Yoma Strategic inks projects worth $400 million in Yangon
Singapore-listed Yoma Strategic Holdings has signed an agreement with several foreign construction companies to build two high-end mixed-development projects in downtown Yangon.
— Myanmar Times

Telco infrastructure a bright spot amid slow infrastructure growth
THE lack of roads and other key infrastructure threatens the sustainability of Myanmar’s economic growth, which has been accelerating at over 7 percent for the past several years, according to a November report by the Economist Corporate network and Baker McKenzie.
Myanmar Times 

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat


Duterte wants Charter change to limit powers
PRESIDENT Duterte on Tuesday night said he is pushing for the amendment of the Constitution, not to prolong his stay in power or become a dictator but to ensure that the Constitution “would mandate more accountability and responsibility” among public officials.

PH in manufacturing resurgence
The Department of Trade and Industry (DTI) sees the growth of the manufacturing sector picking up to a range of 10 to 11 percent every year till the end of the Duterte administration in 2022 after hitting a 7-year quarterly record in the third quarter this year.

Duterte ushers in Filipinos to ‘new revolution’
President Duterte will not have any official activity as the country marks today the 154th birth anniversary of Filipino hero and Father of the Philippine Revolution Andres Bonifacio, but he urged the Filipinos to wage a “new revolution” – the need to liberate the country from corruption, criminality and illegal drugs.

See here for more of today’s Philippines Morning News


Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat

Charges Cast Spotlight on Singapore’s Strict Rules on Public Gatherings
Prosecutors in Singapore have charged an activist with holding unauthorized public assemblies, which human rights groups have criticized as an excessive restriction on free speech.
The New York Times 

A declining threat? On the trail of the Zika virus a year after hundreds of cases in Singapore
In a quiet neighbourhood in eastern Singapore, a 47-year-old woman was developing a rash, fever and conjunctivitis. Had the symptoms developed separately, her General Practitioner would have barely batted an eyelid.
Channel NewsAsia 

More support for media freelancers with launch of tripartite standard
A tripartite standard which aims to encourage fair and progressive workplaces that better support media freelancers was officially launched on Wednesday (Nov 29).
Channel NewsAsia (video)

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


FPO official: GDP rise of 4% in reach
Thailand’s economic growth is likely to come close to 4% this year after robust momentum continued in October, despite low activity in the month as the country mourned the late King Bhumibol Adulyadej, says a key finance official.
— Bangkok Post

Government promises to urgently develop southern provinces
The government has vowed to make its budget bear fruit for people within one year and expedite development in all areas.
— NBT World (video)

State firms to spend 52%more in 2018
STATE ENTERPRISES will jack up their investments for next year by 52 per cent to Bt796.34 billion.
— The Nation (annoying popup ads)

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Timber exports to hit $8 billion
The export turnover of Vietnamese timber and timber products is estimated to hit US$8 billion this year, 10 per cent higher than the target, according to the Ministry of Agriculture and Rural Development, at a meeting held yesterday on sustainable forestry development.
— Bizhub

Foreign firms dominate VN electronics
Although Viet Nam is the world’s 12th-largest exporter of electronics and the third-largest in ASEAN since 2015, up to 95 per cent of the country’s electronics output comes from foreign-owned enterprises instead of domestic ones, the Central Institute for Economic Management (CIEM) announced on Tuesday.
— Bizhub

Vietjet to pay 60% dividend for this year
Budget carrier Vietjet Air (HoSE: VJC) is collecting shareholders’ opinions on increasing the estimated 2017 dividend payout from 50 per cent to 60 per cent, including a maximum of 40 per cent cash dividend.
— Vietnam Economic Times

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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