Asean Morning News
Compiled by Stella-maris Ewudolu @stmarisewudolu
ASEAN has strong GDP growth
ASEAN’s combined nominal gross domestic product (GDP) is already over US$2.8 trillion (S$3.8 trillion) and if counted as a single entity, it would rank sixth in the world, behind the United States, China, Japan, India and Germany.
— Next Big Future
Exclusive: TAEL raising $500m co-investment vehicle alongside current fund
Southeast Asia focused private equity investor The Asia Entreprenuer Legacy (TAEL) Partners is raising a $500 million co-investment fund, structured as an annex vehicle that will sit alongside the firm’s $700-million second fund TAEL TWO.
— Deal Street Asia
Rohingya fleeing Myanmar violence at mercy of traffickers, warns U.N.
Hundreds of thousands of Rohingya Muslims who have fled violence in Myanmar are “at the mercy” of human traffickers, the United Nations migration agency warned on Wednesday, saying well-managed refugee camps were needed to reduce the risk.
— Reuters
Philippine stocks lead SE Asia peers ahead of Fed outcome
Philippine stocks rose as hopes of a tax reform package boosted sentiment, while most Southeast Asian stock markets fell on Wednesday as investors trimmed positions ahead of the outcome of a US Federal Reserve meeting.
— Bangkok Post
Global ASEAN Organic Cosmetics Market 2022 : Focus on Industry, Growth, Size, Share, Dynamic Research Analysis, Trend, Forecast – Acute Market Reports
This new market research report forecasts on ASEAN Organic Cosmetics Market providing complete market figures, consisting market size and estimation by ASEAN Organic Cosmetics Market application and products depending upon geographical location for the forecasting period 2012 to 2022.
— PDF Devices
Asean a model for IP cooperation
It is often taken for granted that robust intellectual property laws are fundamental to the success of innovation. In contrast, it is not widely acknowledged that relationships between nations also play a critical role.
— The Straits Times
Asean primed for a digital future
Half a century into the Asean story, the growing importance of digital innovation will shape the next wave of economic development.
— Business Mirror
ASEAN ready to provide aid to violence-hit Myanmar’s Rakhine state
Association Southeast Asian Nations (ASEAN) member states are ready to deploy assistance to Myanmar, as refugee crisis takes place in its Rakhine state.
— Philippine News Agency
Growth Opportunities for the ASEAN Automotive Composites Market 2017-2022
The future of the ASEAN (Association of Southeast Asian Nations) automotive composites market looks promising with opportunities in the passenger car and light weight truck. The ASEAN automotive composites market is forecast to grow at a CAGR of 6.5% from 2017 to 2022. The major drivers of growth for this market are increasing automotive production and increasing demand for lightweight materials to achieve higher fuel efficiency and reduce greenhouse gas emissions.
— Cision PR Newswire
ASEAN hones in on cyber collaboration
Coordination is vital to ensure that Southeast Asia’s cyber security efforts are focused, effective and in synergy with one another, said ministers and senior officials at the ASEAN Ministerial Conference on Cybersecurity.
— ComputerWeekly.com
Cambodia Morning News
Compiled by Kongleaphy Keam @kongleaphy1
Prayers and buffalo races at Cambodia’s Festival of the Dead
Hundreds gathered on Wednesday to watch horse and buffalo races at Vihear Sour Pagoda, northeast of the Cambodian capital Phnom Penh, on the last day of the annual Festival of the Dead.
— Bangkok Post
Watching Cambodia’s free press and democracy fade away
Within the span of three weeks, the mirage of pluralism, democracy and freedom of press in Cambodia had been shattered.
— International Examiner
Experts Fear Economic Impact of Political Tensions in Cambodia
Cambodia’s economy relies heavily on textile manufacturing, tourism, real estate and construction, which are all easily impacted by political upheaval, analysts said.
— VOA Cambodia
See here for more of today’s Cambodia Morning News
Indonesia Morning News
Compiled by Rama Ariadi @AriadiRama
Overlapping Regulations Hamper Economy, Jokowi Says
The government initiated deregulations by issuing economic packages or scrapping regional regulations. There are currently 3,140 regional regulations that have been revoked because they had hampered the economy.
— Tempo (EN)
Indonesia Struggles with Widening Wealth Gap
Southeast Asia’s biggest economy has made major strides since the Asian currency crisis, but a World Bank report warns this growth is coming at a cost – an ever-widening gap between rich and poor.
— NHK World
Indonesia Crosses the Nine-Dash Line
President Joko Widodo has made maritime issues central to Indonesia’s foreign policy, building up its navy, arresting and dynamiting dozens of foreign ships caught fishing illegally, and taking a quiet but firm stand on sea rights.
— Asia Sentinel
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Lao PDR Morning News
Compiled by Leakhena Khat @leakhenakhat
China Ranks Largest Foreign Investor in Laos
China has ranked the first largest foreign investor in Laos investing more than US$ 7.2 billion in various industries and sharing 25.2% of the total foreign direct investment in Laos.
— Lao News Agency
Experts plan for upgrade of primary education
A key educational working group met in Vientiane yesterday to approve steps f or restructuring the second phase of the Global Partnership for Education (GPE) project, which will now be submitted to the executive level for endorsement.
— Vientiane Times
Faulty Construction, Heavy Rain Cause Dam to Flood Lao Villages
Hundreds of thousands of cubic feet of muddy water have flooded eight villages in central Laos’ Xaysomboun province after the reservoir of a dam upstream burst its banks last week following heavy rain, damaging infrastructure, farmlands, and water supplies.
— Radio Free Asia
See here for more of today’s Lao Morning News
Malaysia Morning News
Compiled by Kongleaphy Keam @kongleaphy1
Malaysia takes firm stand for nuclear disarmament at the UN
Malaysia joins the chorus of call for global elimination of nuclear weapons by signing a treaty in the on going 72nd United Nations General Assembly in New York yesterday.
—New Straits Time
Great Eastern to sell stake in Malaysian ops for RM4.19bil
Great Eastern Holdings Ltd is reportedly planning to dispose of its stake in its Malaysian operations for as much as US$1bil (RM4.19bil).
—The Star Online
70% of brands in Malaysia and Singapore don’t disclose palm oil use
A new scorecard rating companies headquartered in Singapore and Malaysia on their palm oil sustainability commitments has found that the majority do not disclose any information on their sourcing practices.
—The Guardian
See here for more of today’s Malaysia Morning News
Myanmar Morning News
Compiled by Sreypov Men @MenSreypov
Crisis puts more pressure on Rakhine’s troubled economy
AS A grim humanitarian crisis continues to put a spotlight on Rakhine State, plans are continuing for an economic development zone in conflict-hit Maungdaw Township, officials said.
— Frontier Myanmar
Suu Kyi treads fine line on Rohingya tragedy
Faced with a powerful military keen to have martial law declared in Rakhine State where there has been an exodus of nearly a half-million people in three weeks, Myanmar’s leader, State Counselor Aug San Suu Kyi avoided any mention of ethnic cleansing of Muslim Rohingya while broadly condemning human rights violations in her first major address on the issue.
— UCA News
APNewsBreak: US to give $32M for Myanmar’s Rohingya refugees
The United States will contribute nearly $32 million in humanitarian aid to help Rohingya Muslim refugees, the State Department said Wednesday, in the Trump administration’s first major response to the mass exodus from Myanmar.
— Miami Herald
See here for more of today’s Myanmar Morning News
Philippines Morning News
Compiled by Stella-maris Ewudolu @stmarisewudolu
Foreign Investors Shun Philippines for 4th Straight Quarter
Foreign investors are sending an increasingly strong message to Philippine President Rodrigo Duterte over his ‘war on drugs’ and at times outrageous and crude comments. And it is a message that doesn’t bode well for the Philippine economy.
— AEC News Today
Philippine stocks lead SE Asia peers ahead of Fed outcome
Philippine stocks rose as hopes of a tax reform package boosted sentiment, while most Southeast Asian stock markets fell on Wednesday as investors trimmed positions ahead of the outcome of a US Federal Reserve meeting.
— Bangkok Post
Duterte orders cops: Kill my son if he’s involved in illegal drugs
President Rodrigo Duterte on Wednesday said he had ordered the police to kill his son, Davao City Vice Mayor Paolo Duterte, if they should catch him being involved in the illegal drug trade.
— Inquirer.net
See here for more of today’s Philippines Morning News
Singapore Morning News
Compiled by Leakhena Khat @leakhenakhat
Many opportunities for China and Singapore to build ties in ‘new historical chapter’: President Xi
Singapore Prime Minister Lee Hsien Loong and Chinese President Xi Jinping discussed new ways to advance ties between the two countries in a meeting at Beijing’s Great Hall of the People on Wednesday (Sep 20).
— Channel NewsAsia
Public concerns over reserved Presidential Election understandable: DPM Tharman
It is “understandable” that concerns were raised over the recent reserved Presidential Election (PE), and the “encouraging” public debate showed that Singaporeans have an aspiration for race to matter less, Deputy Prime Minister Tharman Shanmugaratnam said yesterday.
— Today Online
Singapore job vacancies on the rise
Job vacancies in Singapore inched up to 49,000 in June from 46,800 in March, and 55 percent of the new vacancies were for professionals, managers, executives and technicians (PMETs), the Singapore Business Review reported this week.
— Human Resource Director
See here for more of today’s Singapore Morning News
Thailand Morning News
Compiled by John Le Fevre @photo_journ
Auto exports rise in August, outlook rosy
The country’s automotive exports increased for the first time in 14 months in August as the recovering global economy helped spur demand, says the Federation of Thai Industries (FTI).
—Bangkok Post
Muddled trade policies hold back the country, researchers say
RESEARCHERS have criticised the government for a lack of free-trade strategies and poorly organised trade institutions that are handicapping the country in international trade.
— The Nation
Japanese and Thai chambers of commerce express confidence in EEC
— NBT World (video)
See here for more of today’s Thailand Morning News
Vietnam Morning News
Compiled by Sreypov Men @MenSreypov
PM urges US financial investment in Vietnam
Vietnam wants to attract more investment from the US, especially in finance, Prime Minister Nguyen Xuan Phuc told former US Secretary of the Treasury Tymothy Geithner, who is President of Warburg Pincus during a reception in Hanoi on September 20.
— VietnamPlus
Foreign employees to get work permits online from October 2017
Foreign nationals who want to work in Vietnam will be able to acquire employment permits online, via the web portal http://dvc.vieclamvietnam.gov.vn, starting from October 2, 2017.
— Vietnam Times
Chinese, Vietnamese Communist parties have ‘shared destiny’, says Beijing
China and Vietnam’s Communist parties have a “shared destiny” and there is great potential for economic cooperation, a senior Beijing official said on Tuesday on a visit to Vietnam, which has clashed with China over the South China Sea.
— South China Morning 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.
Asean Morning News For September 21 added by Stella-maris Ewudolu on
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Stella-maris Ewudolu
Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.
She joined AEC News Today in December 2016.
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