Asean Morning News
Compiled by Kongleaphy Keam @kongleaphy1
Moon set to unveil policy for Asean ties
South Korean President Moon Jae In is set to unveil a “New Southern Policy” aimed at boosting ties and economic cooperation with Asean countries, as he embarks on his first South-east Asian tour tomorrow.
— The Straits Times (paywall)
Premier Li’s visit to the Philippines to promote China-ASEAN ties
Chinese Premier Li Keqiang’s visit to the Philippines from Nov. 12 to 16, his first overseas trip since the 19th National Congress of the Communist Party of China, will deepen friendly cooperation with the Philippines, promote China-ASEAN ties and enhance regional cooperation in East Asia, senior officials said Monday.
— Xinhua Net
[Herald Interview] ‘ASEAN sensible alternative to Chinese market’
Moving beyond 50 years of existence, the Association of Southeast Asian Nations is strengthening its relations with South Korea for a mutually profitable future, said the chair of the ASEAN Committee in Seoul, presenting the ASEAN market as a competitive and trustworthy alternative to China.
— The Korea Herald
ASEAN Automotive Aftermarket : Latest Trends, Demand and Analysis 2026
In Future Market Insights’ market report titled, “Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment, 2016-2026”, poor road infrastructure and extended vehicle life have been identified as profitable factors for the growth of the automotive aftermarket in ASEAN. On account of growing out-of-warranty car parc, the US$ 19.3 Bn ASEAN automotive aftermarket is predicted to surpass US$ 48 Bn in revenues by 2026 end, increasing at a healthy CAGR of 9.6% through 2026.
— Miltech
More Asean cross-border partnerships
Nearly half of CEOs in the Philippines are keen on expanding to overseas markets, riding on the opportunities offered by Southeast Asian economic integration even as low-hanging fruits abound locally.
— Inquirer
Worrying health trends persist in Asean region
Cardiovascular disease remains among the leading causes of death in Brunei Darussalam, with over 400 fatalities recorded in 2016.
— The Nation
Economics key to US relevance in Southeast Asia
US strategic policy in Southeast Asia pays startlingly little attention to the role of economics. With China encouraging ASEAN members to renounce US security involvement in the region, it is time for the United States to step back and re-evaluate how it engages with Southeast Asia.
— East Asia Forum
Cebu is Brother’s second largest market in Asean
THE continued growth of businesses in the Philippines has fueled the growth of Japanese printer maker, Brother Industries Ltd.
— Sun Star Cebu
Army calls for tighter Asean border control
The head of the Armed Forces of the Philippines urged members of the Association of Southeast Asian Nations (Asean) to fortify their border security to curb transnational crime and prevent the entry of terrorists.
— Gulf Times
Philippines frees four East Timorese to attend ASEAN meeting
Philippine immigration authorities freed four East Timor delegates after holding them for 12 hours at Manila airport in a security clampdown ahead of the ASEAN and East Asia Summit next week.
— Business Insider/Reuters
Cambodia Morning News
Compiled by Sreypov Men @MenSreypov
Exports to US continue to climb upward
Exports to the US continued to trend in positive territory during the first nine months of this year, a sign that one economist took as optimistic for overall trade with the Kingdom’s single largest trading partner despite the bilateral strain on relations and Cambodia’s deteriorating political climate.
— The Phnom Penh Post
Chinese airlines eye Cambodian market
Three more Chinese airlines will enter the aviation market in Cambodia in the near future, with the number of routes connecting Chinese and Cambodian cities also expected to rise, according to an industry insider.
— Bangkok Post
PM Hun Sen Urges Indonesia to Launch Direct Flights to Cambodia
Cambodian Prime Minister Hun Sen on Monday urged Indonesia to launch direct flights to Cambodia to promote tourism and trade as well as people’s relations between the two countries.
— Fresh News
See here for more of today’s Cambodia Morning News
Indonesia Morning News
Compiled by Sreypov Men @MenSreypov
Tightfisted consumers are squeezing Indonesia’s economy
Low inflation, interest rates cuts and cheaper fuel have not been enough to excite Indonesian shoppers, as weak household consumption continued to weigh on Indonesia’s economic growth in the third quarter.
— Nikkei Asian Review
World Bank sees low contribution of indonesia`s FDI
The World Bank has witnessed low contribution of foreign direct investment (FDI) in Indonesia, despite its improvement in ease of doing business (EODB) rank to 72 among 190 surveyed countries.
— Antara
Indonesia Q3 growth expands slightly to 5.06 percent
Indonesia’s economy grew more slowly than expected in the third quarter, dimming hopes that a high-profile drive to boost Southeast Asia’s biggest economy will hit its GDP target this year.
— Channel NewsAsia
See here for more of today’s Indonesia Morning News
Lao PDR Morning News
Compiled by Leakhena Khat @leakhenakhat
PM urges full steam ahead for northern development, Laos-China railway
Prime Minister Thongloun Sisoulith has called for authorities to speed up socio-economic development in the northern region during a tour of the provinces.
— Vientiane Times
Laos, Malaysia reaffirm business cooperation
Laos and Malaysia plan to continue to promote economic cooperation after seeing the progress made in recent years.
— Vientiane Times
Lao PDR to Improve Health and Nutrition Coverage
More than one million people across 14 provinces in Lao PDR will benefit from the expansion of the Health Governance and Nutrition Development Project (HGNDP).
— ReliefWeb
See here for more of today’s Lao Morning News
Malaysia Morning News
Compiled by Kongleaphy Keam @kongleaphy1
Malaysia to open $307bn bond market to retail investors
The Malaysian government said Monday it was reviewing existing rules on bond offerings to open up the market for retail investors by the first quarter of 2018.
— Nikkei Asian Review
MITI: Malaysia invested RM225b overseas between 2012 and 2016
Malaysian direct investment overseas reached RM225.22 billion between 2012 and 2016, according to the Ministry of International Trade and Industry (MITI).
— The Edge Markets
Malaysia’s MBSB agrees to buy Asian Finance Bank for $152 mln
Malaysia Building Society Bhd (MBSB) said it plans to acquire Asian Finance Bank (AFB) from its foreign shareholders for 645 million ringgit ($152.5 million) in a deal that would give the non-bank lender a banking license.
— Kitco
See here for more of today’s Malaysia Morning News
Myanmar Morning News
Compiled by Kongleaphy Keam @kongleaphy1
UN council weakens response to Myanmar after China objects
United Nations (US), Nov 6 The UN Security Council today dropped plans to adopt a resolution demanding an end to the violence in Myanmar in the face of strong opposition from China and instead opted for a statement, diplomats said.
— Outlook
UN turns up pressure on Myanmar over Rohingya crisis
The UN Security Council on Monday called on Myanmar to rein in its military campaign in Rakhine state and allow hundreds of thousands of Muslim Rohingya driven from their homes to return.
— The Nation
Myanmar Border Police Exchange Fire With Unknown Bangladeshi Assailants
Four Myanmar border police in the country’s volatile Maungdaw township in northern Rakhine were fired upon by armed men from Bangladesh territory along the border on Sunday evening, though none of them was injured.
— Radio Free Asia
See here for more of today’s Myanmar Morning News
Philippines Morning News
Compiled by Leakhena Khat @leakhenakhat
UP Manila opposes medical marijuana
The University of the Philippines-Manila is opposing the legalization of medical cannabis or marijuana, saying this poses a “serious threat to public health.”
— Philstar
Philippine troops kill 9 remaining militants in Marawi city
Philippine military officials say troops have killed at least nine remaining militants aligned with the Islamic State group over the weekend in southern Marawi city and are attempting to determine whether a Malaysian who may have taken over the militants’ leadership is still alive.
— Philstar
PH e-commerce industry to dominate Southeast Asia by 2020 -Lazada
Lazada, the dominant e-commerce company in Southeast Asia, said by 2020 they expect the Philippines to be the top player in Southeast Asia’s e-commerce industry.
— TechnoChops
See here for more of today’s Philippines Morning News
Singapore Morning News
Compiled by Leakhena Khat @leakhenakhat
Singapore-Thailand Defense Relations in the Spotlight With Ng Visit
This week, Singapore’s Defense Minister Ng Eng Hen is in Thailand for a three-day working visit. Ng’s trip has put the Singapore-Thailand defense relationship in the spotlight from a bilateral as well as a broader regional perspective.
— The Diplomat
Singapore’s Central Bank Chief Has a Warning for Fintech Investors
That’s the message Monetary Authority of Singapore Managing Director Ravi Menon has for pundits and investors trying to navigate the wave of technology euphoria sweeping the financial services industry.
— Bloomberg
Singapore ranked world’s priciest city for fourth consecutive year
Singapore has been ranked the most expensive city in the world for expatriates for the fourth consecutive year, according to a report published on Monday by the Economic Intelligence Unit, EIU.
— Premium Times
See here for more of today’s Singapore Morning News
Thailand Morning News
Compiled by John Le Fevre @photo_journ
Gulf of Thailand battered – heading towards the Andaman Sea, north of Phuket
A severe weather warning was issued for the South Eastern Region on Monday, as the Meteorological Department forecast heavy rain for the entire region, while banana farmers in Songkhla were already suffering gale-force winds caused by Typhoon Damrey.
— Phuket Gazette
Export rises 9.3 percent in nine months, 8% export growth expected throughout this year: TNSC
Thailand’s export has risen by 9.3 percent during the first nine months while a total export value throughout 2017 is expected to increase by no less than 8 percent.
— NNT
Prawit: It’s not yet necessary for NCPO to set up a political party
It is not yet necessary for the National Council for Peace and Order (NCPO) to set up a political party, Deputy Prime Minister Prawit Wongsuwon said on Nov 6.
— Thai PBS
See here for more of today’s Thailand Morning News
Vietnam Morning News
Compiled by Sreypov Men @MenSreypov
Mobile payment helps develop non-cash economy
The Vietnam Electronic Payment Forum 2017 (VEPF) themed “Mobile Payment – a factor to promote the non-cash economy” officially opened this morning in Ha Noi.
— Bizhub
SCG growing well in Vietnam
SCG has announced its operating results for the first nine months this year, with impressive growth seen in Vietnam.
— Vietnam Economic Times
Vietnamese businesses design new products targeting Gen Z
Gen Z, or those aged 16-19, are the group of potential customers that manufacturers and service providers want to target.
— VietnamNet Bridge
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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