Asean Morning News For September 27

Asean Morning News For September 27
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Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


ASEAN to push ‘clean’ coal technologies
THE 10 member states of the Association of Southeast Asian Nations (ASEAN) are aiming to “enhance the image of coal” by promoting “clean” technologies, representatives of host country Philippines said on Tuesday.
— BusinessWorld Online

ADB keeps Asia 2017 growth outlook at 5.9 percent, flags risks from Fed unwinding
Developing Asia is on track to grow faster this year and next, the Asian Development Bank said on Tuesday, buoyed by a pick-up in world trade and China’s expansion, but it flagged risks from tightening U.S. monetary policy.
— Reuters

SE Asia Stocks-Drop as concerns over N. Korea weigh
Southeast Asian stock markets, except Thailand, fell on Tuesday with safe-haven assets such as gold and the yen finding favour with investors amid rising tensions on the Korean peninsula.
— Reuters

EU-ASEAN: Strengthening connectivity
The ASEAN-Europe agenda on Connectivity is growing and the EU is committed to strengthening its engagement even further.
— The Jakarta Post

Making sense of Belt and Road – The Asean bank: UOB
For UOB, the announcement of One Belt, One Road in 2013 was welcome vindication. Two years earlier, the Singapore bank had set up a foreign direct advisory unit based principally on Chinese overseas direct investment into southeast Asia.
— Euromoney

Belt and Road: China fast-tracks southeast Asian infrastructure
A close neighbour with a large infrastructure deficit, southeast Asia is a natural target for China’s Belt and Road Initiative, but when do mutual benefits for China and the region become regional dominance for the Asian giant?
— Euromoney

PH competitiveness ranking falls
The Philippines’ competitiveness ranking fell this year to eighth in Asean behind Vietnam and Brunei Darussalam, from the previous sixth, prompting the Makati Business Club (MBC) to urge the government to implement changes “at a much faster pace.”
— Philippine Daily Inquirer

Spread of malaria resistance spurs debate on fighting disease
News that resistance to artemisinin combination drugs – the frontline response against malaria – is spreading has spurred debate on whether a new approach is needed to counter the disease and other serious threats to human health.
— Asia Times

ASEAN trade pact strengthens Myanmar’s ties with Australasia
THE free trade agreement (FTA) between ASEAN, Australia and New Zealand makes Myanmar products more competitive in the two biggest markets in Oceania, according to trade commissioners from Australia and New Zealand.
— MyanmarTimes

2018 Will be a Pivotal Year for Southeast Asian Democracy
The current year has been one of significant backsliding for democracy in Southeast Asia, a continuation of a regional trend that has been in the works for more than a decade.
— Asia Unbound


Cambodia morning newsCambodia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Aviation a lynchpin for growth
A new report by the world’s most prominent aviation industry organisations underscores the far-reaching economic benefits of aviation and the symbiotic links between air connectivity and tourism, estimating that aviation contributes $2.7 trillion to the world economy and provides 63 million jobs.
The Phnom Penh Post

EuroCham firms wary over elections
Business confidence among EuroCham Cambodia’s predominantly European member companies fell this year as a result of a lack of positive reforms and uncertainty surrounding upcoming elections, according to a survey released yesterday.
The Phnom Penh Post

China’s largesse abets Cambodia’s clampdown
Prime Minister Hun Sen has leveraged Beijing’s rich support to rout the political opposition and repudiate the US and EU, previously his government’s biggest financial supporters
Asia Times

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Rama Ariadi    @AriadiRama


ADB Maintains Indonesia’s Growth Forecast, Expects Tamer Inflation
The Manila-based Asian Development Bank has decided to maintain its forecast for Indonesia’s gross domestic product growth at 5.1 percent this year and 5.3 percent next year on the back of strong fixed investment and net exports, the lender said in an update of its flagship report, published on Tuesday (26/09).
— Jakarta Globe

Indonesia’s GMF AeroAsia raises $95m in IPO, far less than planned
Indonesia’s Garuda Maintenance Facility AeroAsia (GMF AeroAsia) has raised just 1.27 trillion rupiah ($95 million) from its IPO, IFR reported, substantially less than what the maintenance subsidiary of PT Garuda Indonesia Tbk had hoped for.
— Deal Street Asia

Indonesia and India agree to break down regulatory barriers
India has voiced its concerns over the level of market access given by Indonesia to its businesses.
— Food Navigator Asia

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Vehicle owners face doubling of road tax
Motorists in Laos will need to pay more than double the usual road tax this year depending on the size of their engine and vehicle type.
Vientiane Times

ADB to support inclusive, sustainable growth in Laos
The Asian Development Bank’s (ADB) Board of Directors will deliver US$421 million in assistance through 2020 to Laos to support a new 4-year country partnership strategy.
Vientiane Times

Officials Receive Training in Combating Organised Crime, Money Laundering
Sixty officials from the provincial prosecutor and public security departments of four northern provinces are taking part in training on countering organised crime on Sep 25- 28 in Oudomxay Province. The training was organised by the Supreme People’s Prosecutor and the Institute for Legal Support and Technical Assistance (ILSTA) from Luxembourg.
Lao News Agency 

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Kongleaphy Keam    @kongleaphy1


Malaysia has advanced two spots to 23th place out of 137 economies, consolidating its position among the world’s top 30 most competitive economies.
Malaysia Chronicle

Rubber product exports to hit RM20 bln target
The Ministry of Plantation Industries and Commodities expects rubber product exports to hit this year’s RM20 billion target due to buying support mainly from the US, Europe, China and India.
The Borneo Post

Malaysia to have largest MICE venue in South-East Asia
Malaysia will house South-East Asia’s largest meetings, incentives, conferences, and exhibitions (MICE) venue following the combination of the Malaysia Exposition and Convention Centre (MyExpo) and existing Putrajaya International Convention Centre (PICC) by 2021.
The Star Online

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Sreypov Men    @MenSreypov


Rohingya dossier: How much evidence does Aung San Suu Kyi need?
A day after Myanmar’s de-factor leader Aung San Suu Kyi broke her silence on the military crackdown against the Rohingya in northern Rakhine State triggered Asia’s biggest humanitarian crisis since Cambodia’s Pol Pot regime, smoke could again be seen billowing from burning houses in Myanmar from refugee camps in Bangladesh.
— UCA News

MGS Group deepens push into property and hospitality
MYANMAR Golden Star Group of Companies (MGS Group), which is engaged in beverages, banking and microfinance, has expanded its business portfolio by prioritising hospitality and real estate.
— Eleven Myanmar

Expanding trade with India
INDIA has formed a Myanmar chamber of commerce in Yangon to boost trade and forge closer economic ties with the country.
— Myanmar Times

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


PH climbs a notch in competitiveness
The Philippines climbed one place to rank 56th among 137 countries in the World Economic Forum’s Global Competitiveness Report 2017-2018.

Stocks slip as investors continue to cash in on gains
The benchmark Philippine Stock Exchange index (PSEi) plunged 74.59 points to settle at 8,170.14 while the broader All Shares index shed 30.79 points, or 0.63 percent, to end at 4,831.86.
— The Philippine Star

ADB keeps PH growth forecast at 6.5% in 2017
Manila-based Asian Development Bank (ADB) kept its economic growth forecast for the Philippines this year amid the nation’s robust domestic demand, including higher public investments in infrastructure and social services.
— Manila Bulletin

See here for more of today’s Philippines Morning News


Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat @leakhenakhat


Singapore is world’s fifth most-visited city
SINGAPORE overtook New York to become the fifth most-visited city in the world last year, and was ranked fourth worldwide for visitor spending in the 2017 Mastercard Global Destination Cities Index.
The Business Times 

August output powers ahead; 19% jump expected to boost Q3 GDP
SINGAPORE’S factory output extended its winning streak of double-digit expansion for the third consecutive month, boosting the upside for third-quarter economic growth.
The Business Times 

Smoking ban extended to universities, private-hire cars
The National Environment Agency (NEA) announced yesterday that smoking will be banned in the outdoor areas of universities and within the compounds of private education institutions (PEI).
The New Paper 

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


ADB: 2017 Thai economic growth to stand at 3.5%
The Asian Development Bank (ADB) has forecast that the Thai economy will expand by 3.5% this year due to the growing volume of exports. Accelerated public investment will contribute to next year’s expected 3.6% growth rate.

Major Thai banks strong, bad loan growth slows –
Thailand’s major commercial banks remain strong with high capital adequacy ratios, while bad loans are rising at a slower pace, the central bank said on Tuesday.
— Reuters

20-year plan panel meets for first time
The writing of the 20-year national strategic plan kicked off Tuesday with the first meeting of the 34-member committee.
— Bangkok Post

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Vietnamese economy to grow 6.3 pct this year: ADB
Vietnam’s gross domestic product (GDP) is projected to grow 6.3 percent in 2017, compared with the target of 6.7 percent set by the country’s top legislature and government, and to grow 6.5 percent in 2018, the Asian Development Bank (ADB) representatives said here Tuesday.
— Xinhua

Vietnam to cut business red tape to support SMEs
Vietnam’s Ministry of Industry and Trade plans to cut business and investment red tape in half in an effort to simplify the administrative process, especially for private, small and medium enterprises.
— Nikkei Asian Review

Vietnam to focus on food safety to reach export goals
Vietnam will adopt multiple solutions to reach its target of 200 billion USD in total export value for the year, a year-on-year increase of 13 percent, officials said.
— Fresh Plaza

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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

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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