Asean Morning News For October 6

Asean Morning News For October 6

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


ASEAN Tech Funding Hits Record High
Southeast Asia is quickly gaining prominence as a technology hub and emerging as an attractive destination for technology investors.
Brink Asia

ASEAN forwareders gets a boost in trade
An initiative championed by ASEAN Federation of Forwarders Associations (AFFA) to bring their members on board the hive trade facilitation platform powered by GeTS will boost trade among Asean freight forwarders.
The Independent

Asean markets cautious on mixed US data
Southeast Asian markets traded cautiously on Thursday following mixed data from the United States, while Vietnam climbed to a near 10-year high driven by gains in consumer staples and financial stocks.
The Star Online

ASEAN MPs on raps vs Hontiveros: A ‘politically-motivated’ witch hunt
Association of South East Asian Nations (ASEAN) Parliamentarians for Human Rights (APHR) on Thursday criticized the politics, judicial process, and freedom of speech in the Philippines, in relation to the case filed against Senator Risa Hontiveros.
Canadian Inquirer

PM vows to foster ASEAN-India strategic partnership
Prime Minister Nguyen Xuan Phuc has said Vietnam will do its best to foster ASEAN-India strategic partnership in its role as the current coordinator of ASEAN-India ties and a close friend of India.
— Vietnam Net

How artificial intelligence can help Asean
Artificial intelligence (AI) is still in its infancy in South-east Asia: the use of one common type of AI – machine learning, where machines are fed data to learn from – is just beginning to have an impact on the region.
The New Paper

People-centred ASEAN: not quite there
ASEAN has come a long way since its founders signed the Bangkok Declaration half a century ago. Like any organic body, it has evolved and adapted to stay alive and relevant. The following is a broad summary of key transformations over the past five decades that help define ASEAN today.
Myanmar Times

ASEAN must leverage collective strength to navigate challenges: Iswaran
ASEAN must draw on its shared vision and collective strength to stay resolute in its commitment to regional economic integration, particularly in light of rising anti-globalisation sentiment and protectionism, Minister for Trade and Industry (Industry) S Iswaran said on Thursday (Oct 5).
Channel NewsAsia

Thailand sets aside Bt10m for Rohingya amid Asean dispute
THAILAND has provided Bt10 million for humanitarian assistance via the Red Cross Movement to Myanmar and Bangladesh for hundreds of thousands of Rohingya affected by violence in Rakhine state, the Foreign Ministry said Thursday.
The Nation (annoying popups)

Cheaper airfare from Asean single aviation market
The Institute for Democracy and Economic Affairs (IDEAS) has endorsed the Transport Ministry’s Kuala Lumpur Transport Strategic Plan (Asean Transport Strategic Plan) 2016-2025.
New Straits Times

ThaiBev eyes Asean with new white spirit brand
THAI Beverage Plc (ThaiBev), Thailand’s biggest beverage and food conglomerate, yesterday announced the launch of a new white spirit product – Ruang Khao Silver – to tap core white spirit markets in Myanmar, Vietnam and the Philippines.
The Nation

ASEAN 50th Conference: Moving Philippine healthcare towards development
Over the years, the Philippines has been an active member of the Association of Southeast Asian Nation (Asean), which contributes to the betterment of universal access to essential health-care services.
Business Mirror


Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Developers Ready to Deal at Cambodia Real Estate Show 2
Cambodia’s second real estate show for the year kicks off tomorrow, October 6, at Phnom Penh’s Nagaworld casino complex, with organisers reporting more than 5,000 pre-registrations for the event, including almost 1,500 from prospective purchasers who ordinarily reside outside of the kingdom.
AEC News Today

Cambodia’s rice exports up 17 percent in nine months
Cambodia exported 421,966 tons of milled rice in the first nine months of 2017, a 17 percent rise compared with the same period last year, according to the latest report on Thursday.

Big boost for garment sector minimum wage, though some see a political motive
The government yesterday significantly upped the garment and footwear sector’s minimum wage to $170 a month, from $153, the highest increase in wages in the past two years and one that comes ahead of a crucial national election next July.
The Phnom Penh Post

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Jokowi shows how to escape a traffic jam – alight and walk
President Joko Widodo was not about to let a terrible traffic jam make him late for a military parade to mark the 72nd anniversary of Indonesia’s national armed forces (TNI).
— The Straits Times

Indonesia mulls to allow foreigners to own properties
The Indonesian government is preparing a land bill, which among other things, allows foreigners to own properties, whose construction is based on building-use permits (HGB).
— The Jakarta post

Indonesian exports 1.49mn wmt of nickel ore by end-Sept
The ministry resumed exports of unprocessed minerals earlier this year and had started to roll out exports quotas in April.
— Business Recorder

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Medium Term Outlook Remains Broadly Favourable: World Bank
Growth will continue to be driven by the power sector, while greater ASEAN integration opens opportunities, especially in agriculture, tourism, retail trade as well as some manufacturing as part of regional value chain.
Lao News Agency

Thousands file claims against PS Lao Enterprise for 200 billion kip loss
More than 5,000 depositors have so far filed claims against PS Lao Enterprise over the huge amount of money the company mobilised illegally from them several years ago.
The lost money recorded from 5,020 filed cases amounted to 196 billion kip, a task force committee told a press conference yesterday.
Vientiane Times

Authorities fail to collect sufficient SEZ revenue
Even though Laos’ special and specific economic zones (SEZs) play a significant role in driving economic growth, revenue generated from the sector has failed to meet the set target.
Vientiane Times 

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Malaysia upgrades logistics infrastructure to support e-commerce ambitions
Malaysia is investing heavily in transport logistics infrastructure in its bid to become the preferred e-commerce gateway in Asia.
The Load Star

Malaysia to be Asean logistics hub (Updated)
The government plans to turn the country into a logistics hub for the Asean region by providing seamless connectivity, said Transport Minister Datuk Seri Liow Tiong Lai.
The Sun Daily

Malaysian pension giants to seek insurer deal talks
Malaysia’s two biggest pension funds, which manage a combined US$203bil, plan to pursue talks to buy stakes in foreign-owned insurers in the country as the government enforces caps on overseas ownership, people with knowledge of the matter said.
The Star Online

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov


Rights group accuses Myanmar army of village massacre
Myanmar’s military has summarily executed several dozen Rohingya Muslims in a village in Myanmar’s Rakhine State, a human rights group says.
— UCA News

Ooredoo Myanmar launches mobile money service
Ooredoo Myanmar has announced the launch of a new mobile money service branded M-Pitesan.

Garment sector creates job opportunities for women with basic education
Myanmar’s garment industry is worker-based and creates job opportunities for women even with basic education level besides attracting foreign investment, the Union of Chamber of Commerce and Industry (UMFCCI) said at a press conference on October 4.
— Eleven Myanmar

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Philippine govt stops condom distribution to students
The Philippine Health Department says it will stop distributing condoms to high school students following an outcry from various social elements, especially Catholic Church leaders.

China arms Philippine police for counterterrorism mission
Philippine Defence Secretary Delfin Lorenzana said the Chinese weapons were initially earmarked for the military, but Philippine President Rodrigo Duterte said the police’s need was greater.
South China Morning Post

Corn producers doubtful on 8-M MT output target
Local corn production may not hit the eight million metric ton (MT) target for the year amid unstable prices in the market.

See here for more of today’s Philippines Morning News


Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat


Standard Chartered under probe over US$1.4b client transfers
Financial watchdogs in Europe and Asia are investigating Standard Chartered Plc over the transfer of US$1.4 billion (S$1.91 billion) of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter.
Channel NewsAsia 

Newly launched A*STAR model factory lets SMEs test out new technologies
The A*STAR Model Factory @ SIMTech will allow companies to experience advanced manufacturing technologies first-hand, as well as to collaborate with stakeholders to test-bed and jointly develop innovative solutions.
Channel NewsAsia (video)

S’pore’s hotel market draws investors
THERE seems to be more buzz in the Singapore hotel investment market lately, as potential buyers – mostly foreigners – scout for properties in a sector where assets are tightly held.
The Business Times 

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


Consumer confidence index increases for 2 consecutive months
The Thai consumer confidence index in September 2017 increased for two consecutive months due to a recovering economy. Export and tourism growth were the main factors contributing to the expanding economy.

UTCC unveils IDE Accelerator for entrepreneurs
The University of the Thai Chamber of Commerce (UTCC) has unveiled a new center to support entrepreneurs and ultimately boost economic growth.
— NBT World (video)

Elections most likely in 2019: PM
PRIME MINISTER General Prayut Chan-o-cha has told the Thai community during his visit to the United States that the election should take place in 2019, many months later than the junta-appointed legislators had predicted.
— The Nation (annoying popups)

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


SME transparency a must for loans: experts
Small and medium-sized enterprises (SMEs) must improve their transparency to enable them to access banking credits, experts said at a conference on Thursday.
— Bizhub

Foreign investors shun properties with bank debt
It is expected that from now to the end of 2017, VAMC will settle VND23-25 trillion worth of bad debt, or 10 percent of the amounts of bad debt it is holding.
— VietnamNet Bridge

Facebook puts business before dissent in Vietnam
Facebook is evangelizing to fledgling cyber entrepreneurs in Vietnam about the glories of doing business online, a bid to strengthen the social media giant’s already firm grip on the country’s digital market.
— Asia 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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