Asean Morning News For October 31

Asean Morning News For October 31
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Asean morning newsAsean Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


China wants U.S. to stay out of South China Sea talks
The United States shouldn’t obstruct efforts by China and its neighbors to agree on a code of conduct in the disputed South China Sea, China’s ambassador said Monday as President Donald Trump prepared for his first official visit to Asia.
— PBS News Hour

ASEAN to reinforce cyber security for administration
NEC Corporation announced its provision of cyber security training for administrative staff of the Association of Southeast Asian Nations (ASEAN) through Japan’s Ministry of Internal Affairs and Communications’ “ASEAN-Japan Cybersecurity Cooperation Hub” project.
— Enterprise Innovation

Structural Reforms Crucial for ASEAN
he success story of the East Asian economy was about the connection between trade and industrialization—look at the cases of Japan, South Korea, China, Taiwan and Singapore. Trade-oriented industrialization drove regional economic integration through trade and investment—and integration into the world economy that was made possible by conducive global economic growth and a relatively open global economy.
— Financial Trubune

Disaster Management in S.Asia needs a hub; and it ought to be Sri Lanka – Jayanath Colombage
“Disasters are becoming increasingly common and dangerous. Many populations are vulnerable to disasters. As large populations are now urbanized, and living in coastal areas, they are more prone to disasters.”
— Daily Mirror

Public Mutual launches Asean, China funds
Public Mutual has launched two funds which will provide investors exposure to the growing Asean and China markets.
— The Star Online

China Conducts Joint Patrol With ASEAN Mekong States
Last week, China conducted another iteration of its joint patrols with four riparian countries in the Mekong River. The development was a reminder of Beijing’s continued effort to push security and economic cooperation along the Mekong River as well as in Southeast Asia more generally.
— The Diplomat

[Kim Young-sun] ASEAN and Korea share common destiny
During the Korean Thanksgiving holidays early this month, the airport was flooded with people leaving the country in droves. So where were these people going? In fact, the No. 1 travel destination for the Korean people was once again in the Association of Southeast Asian Nations.
— The Korea Herald

PIA launches ASEAN Info Hub here
The Philippine Information Agency (PIA) last week launched the ASEAN Information Hub at the PIA Catanduanes provincial office in Virac to make the public aware of the importance of the country’s membership in the group in the light of the integration of the 10 countries.
— Catanduanes Tribune

D&S 2017: Thailand to host ASEAN fleet review
To celebrate the 50th anniversary of ASEAN, Thailand is hosting an ASEAN International Fleet Review 2017 for the first time on 20 November.
— Shephard

Asean F&B firms go on display at SK trade fair
Ten Cambodian companies primarily operating in the food, beverage and handicrafts industries exhibited their products at last week’s Asean Trade Fair in South Korea, hopeful of striking up partnerships to increase exports from the Kingdom.
— The Phnom Penh Post

Chance for US to reassure Asean it is not forgotten
A landmark lantern in Manila marking Asean’s 50th birthday. Mr Donald Trump will attend anniversary celebrations on Nov 12.
The Straits Times (paywall)

Pyin Oo Lwin to be transformed into ASEAN flower city
Myanmar is planning to transform Pyin Oo Lwin, the city of flowers in the northern part of the country, into a flower city of the Association of Southeast Asian Nations (ASEAN), Xinhua reported on 30 October quoting state media.
— Mizzima

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Cambodia clampdown threatens Chinese interests
Hu Xijin, editor-in-chief of the Global Times, claimed in an interview last year that the Chinese state-owned tabloid often says what party officials secretly think. “They can’t speak willfully, but I can,” he told Quartz.
— Asia Times

Cambodia’s illiberal democracy swinging towards autocracy
Since 2016, Cambodian Prime Minister Hun Sen has set about deliberately dismantling his country’s democratic system. Month by month, the country’s political opposition has been eviscerated through a combination of coercion and judicial means, known as ‘lawfare’.
— East Asia Forum

SMEs association says it’s fed up with government inaction
The Federation of Association for Small- and Medium-Sized Enterprises of Cambodia (Fasmec) slammed the government yesterday in a meeting with the Ministry of Industry and Handicraft, claiming that the government has been ineffective in finding solutions to help domestic companies.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov


Indonesia pushes electric car development
The Indonesian government is encouraging businesses to develop electric cars to create more environmentally friendly transportation, said the Transportation Ministry’s expert of staff for technology and environment affairs Prasetyo Buditjahjono.
— The Nation

Indonesia’s oil and gas prospects running dry
Nearly half a century after it was founded, state-owned petroleum company Pertamina will soon face its biggest ever challenge when it takes sole operational control of the Mahakham, Indonesia’s biggest producing natural gas block situated off the east coast of Borneo.
— Asia Times

New Indonesian migrant labor law comes under fire
A new law designed to protect Indonesian workers abroad has drawn flack from domestic workers overseas, who say the new legislation ignores them completely.
— UCA News

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Govt, Development Partners Discuss Higher Standard of Private Investment
The government met in Vientiane on Oct 27 with development partners to discuss how to raise private investment to a higher standard and how to make the investment approval more concise, prompt and transparent.
Lao News Agency

Large number of unapproved projects carried out in 2017
Ten provinces carried out 285 development projects in 2017 that had not been approved by the National Assembly (NA) or the government, the state’s top inspector told parliament recently.
Vientiane Times

Almost 200 private clinics ordered to close
Some 195 private clinics operated or owned by foreign and Lao nationals around the country have been ordered to shut down temporarily after authorities found them to be in breach of the regulations.
Vientiane Times 

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Malaysia making progress to reduce debt : MARC
Malaysian Rating Corporation Bhd (MARC) does not expect Malaysia’s national budget to be balanced by 2020, based on the current trend.
— New Strait Times

Najib: Malaysia to consider FTA with US if TPPA fails to materilaise
Malaysia will consider a Free Trade Agreement (FTA) with the United States if the Trans-Pacific Partnership agreement fails to materilaise.
— Malay Mail Online

Malaysia bracing for EU ban on palm oil
The future of Malaysia’s palm oil industry is at stake as Members of the European Parliament (MEPs) gear up to ratify the proposed resolution to ban importation of palm oil into the European Union (EU) next month.
— Free Malaysia Today

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Thailand’s TTCL to build $2.8 bln coal-fired power plant in Myanmar
Thai construction company TTCL Pcl said on Monday it plans to build a $2.8 billion coal-fired power plant in southeastern Myanmar.
— Nasdaq

Myanmar’s trade deficit reaches over 2.3 bln USD in 7 months of FY 2017-2018
Myanmar saw trade deficit of over 2.32 billion U.S. dollars as of Oct. 20 in the fiscal year 2017-2018, which began in April, with an increase of 445 million U.S. dollars compared to the same period of FY 2016-2017, official Global New Light of Myanmar reported Monday.
— Xinhua Net

Like Trump, These Southeast Asian Countries Are Using ‘Fake News’ To Devastating Effect
In the midst of political turmoil, heads of state in Southeast Asia have borrowed the language of the most prominent and outspoken national leader, U.S. President Donald Trump. Fake news has become a convenient cover up for attacks on human rights, democracy and criticism of the government.
— Forbes

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat


Philippines, Japan ink $6-B business deals
At least 25 business deals representing roughly $6 billion in new investments have been signed by Philippine and Japanese firms in a development that officials said affirmed investor confidence in the Philippines.

ADB approves $100-M loan for ‘Build Build Build’
The Asian Development Bank (ADB) has approved a $100-million loan expected to help accelerate the Duterte government’s “Build Build Build” program.
The Manila Times 

Japan commits to fast-track subway, train system projects in Philippines
“I am pleased with Japan’s reiteration that it is fully committed to – as he described it – ‘give flesh’ to the 1 trillion yen or close to nine billion dollars pledge for assistance to the Philippines,” President Rodrigo Duterte said in joint press conference after the meeting with Japanese Prime Minister Shinzo Abe on Monday in Tokyo.
Update Philippines

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


4,000 jobs to be created in financial services and fintech under MAS blueprint
A total of 4,000 net jobs will be created annually till 2020 in the financial services and fintech sectors as part of the industry transformation map (ITM) for financial services which was launched on Monday (Oct 30).
Today Online 

Singapore ranks eighth best city for transport
Singapore is the eighth best city for sustainable transportation in the world, design and consultancy firm Arcadis revealed.
Singapore Business Review 

Singapore ranks eighth best city for transport
Singapore is the eighth best city for sustainable transportation in the world, design and consultancy firm Arcadis revealed.
Singapore Business Review 

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


Thai finance ministry raises 2017 GDP growth outlook to 3.8 pct
Thailand’s finance ministry on Monday raised its economic growth forecast for this year to 3.8 percent from 3.6 percent, and upgraded its estimate for export gains, a senior official said.
— Reuters

HM the King enshrines royal ashes at 2 royal temples
His Majesty King Maha Vajiralongkorn yesterday conducted the transfer of the royal ashes of His Majesty the late King from the Temple of the Emerald Buddha to two royal monasteries for enshrinement.
— NBT World (video)

Fiscal Policy Office wants to utilize dormant bank accounts for public benefits
The Fiscal Policy Office is to propose a draft bill which will empower the state to make use of the dormant bank accounts for public interests, but the depositors have the right to reclaim their money.
— Thai PBS

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Vietjet’s pre-tax profit hit US$131 million in nine months
Low-cost carrier Vietjet posted a pre-tax profit of more than US$2.98 trillion (US$131 million) in the first nine months of this year, according its preliminary business results which were released last week.
— Nhan Dan Online

Is This Vietnam’s Most Inconsiderate Road User? (video)
When it comes to self-centred, arrogant, rude, discourteous, inconsiderate road users it is difficult to go past this Hanoi, Vietnam motor scooter rider. If there is a more inconsiderate road user in Vietnam we are yet to see proof.
— AEC News Today (video)

SoEs struggle to attract investors in equitisation
The Central Institute for Economic Management (CIEM) released a report on Monday on the actuality of strategic shareholders’ involvement in State-owned enterprises’ (SoEs) equitisation process, which they concluded to be below expectations.
— Viet Nam News

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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