Asean Morning News
Compiled by Stella-maris Ewudolu @stmarisewudolu
Asean free trade still a distant notion
Southeast Asia is edging toward a single processing window for cross-border trade, but it all may be a waste of time unless the more advanced nations in the region agree to allow more products over their borders.
— Asia Times
Asean rising: Can the region be transformed into one cohesive community?
The Association of Southeast Asian Nations (Asean) is celebrating its 50th year. Somehow, the Association has overcome its Cold War beginnings. It was established in 1967 as an anti-Communist bloc at the height of the US war campaign in Indochina.
— Business Mirror
Southeast Asian ports thirst for more seaborne trade
The world’s seaborne trade exceeded 10 billion tons in a single year for the first time in 2015, according to the United Nations Conference on Trade and Development, with about 60% passing through Asia.
— Nikkei Asian Review
ASEAN firms encouraged to tap more small, medium companies in supply chain
THE Trade department along with foreign lending agencies called on big companies across the Association of Southeast Asian Nations (ASEAN) to create greater awareness about inclusive business practices and to build successful models to spur growth for micro, small and medium enterprises (MSMEs) in the region.
— BusinessWorld Onine
Asean ministers call for cuts in non-tariff barriers
Asean economic ministers (AEM) will call for the tearing down of non-tariff barriers (NTBs) among the member-countries to further unify the Asean Economic Community (AEC).
— Malaya
Why CtrlShift launched a premium inventory marketplace for Asean
Marketer demands for brand safety, coupled with a lack of talent in Asean capable of ensuring it on global exchanges, drove several publishers to join with CtrlShift to create what they call the Asean region’s first independent private marketplace.
— Campaign (subscription)
Integrative Economy Can Further Boost Asean Growth
rowth, technology and developing the youth should be regarded as three key issues to drive the Asean community amid fast-changing global challenges, former Asean secretary-general Ong Keng Yong said.
— Financial Tribune
Tourism Authority of Thailand gears up to make Travex at ATF 2018 a success
The Tourism Authority of Thailand (TAT) has pledged to make the ASEAN Tourism Forum (ATF) in Chiang Mai an organizational success, especially the TRAVEX buyer-seller part, where millions of dollars of business is transacted annually.
— eTurboNews
Exploring new frontiers
WITH a population of more than 600 million people and a collective gross domestic product (GDP) growing at about 5 per cent per year, Asean is an emerging economic powerhouse. The region has largely young demographics, which provides a strong foundation for economic growth.
— The Business Times
Civil and political rights on the sidelines
I bet you know about Suhakam; our Malaysian Commission on Human Rights. You may or may not know about AICHR.
— My sinchew.com
ASEAN Hard Luxury Goods Market Analysis, Forecast, and Assessment 2014 – 2020
Luxury goods comprises of products such as accessories, footwear, apparel, watches and others which are quite expensive and target those consumers who belongs to premium class. The market for luxury goods consist of three types of end consumers, which includes kids lying between the age of 0-12 years, teenagers belonging to the age group of 13 to 19 years and the rest lies in adult group.
— SatPRnews (media release)
Asean health ministers meet in Brunei to strengthen health systems
The two-day 13th Asean Health Ministers Meeting and related meetings kicked off in Brunei today as health ministers from Asean countries come together to discuss ways to strengthen the health systems.
— The Sun Daily
Cambodia Morning News
Compiled by Kongleaphy Keam @kongleaphy1
Hun Sen vows 10 more years in office
Cambodia’s Prime Minister Hun Sen vowed on Wednesday to stay in office for another decade following the dramatic arrest of the country’s main opposition leader for treason.
— The Manila Times
Cambodia, China sign MoU over trademarks
Cambodia inked a memorandum of understanding with China yesterday that aims at providing better facilities for trademark and brand registration in both countries.
— The Phnom Penh Post
Fearless Newspaper’s Closure Marks Declaration of Post-Truth Era in Cambodia
Every weekday morning since she opened her roadside newsstand in the mid-1990s, Sreymom* would take a delivery of the pint-sized Cambodia Daily. But this Monday morning was different.
— VOA Cambodia
See here for more of today’s Cambodia Morning News
Indonesia Morning News
Compiled by Rama Ariadi @AriadiRama
Indonesia, Japan deepen talks on joint development in South China Sea
The new Japan-Indonesia partnership comes as the U.S. under President Donald Trump has reduced its presence in the South China Sea, creating a power imbalance in the disputed area and encouraging China to continue staking its overreaching claims there.
— Nikkei Asian Review
Several thousand join Indonesia protest over Rohingya plight
The demonstration was the largest in a series of protests this week by Indonesians against Myanmar’s government and its leader, Nobel Peace Prize laureate Aung San Suu Kyi.
— Seattle Times
State budget on climate change increased: Ministry
Finance Ministry has also set several fiscal incentives, mainly in terms of developing the renewable energy sector.
— Antara
See here for more of today’s Indonesia Morning News
Lao PDR Morning News
Compiled by Leakhena Khat @leakhenakhat
Lao economic growth may fall short of target: ministry
A preliminary calculation has suggested that Lao economy will have grown by 6.83 percent in 2017, slightly lower than the target of 7 percent, Deputy Minister of Planning and Investment Kikeo Chanthabouly said.
— Xinhua
LXML Pays Government US$4 Million Royalty for Q2 Production
On 5th September 2017, Mr. Saman Aneka – Director and Stakeholder Relations Manager, MMG LXML Sepon, handed the Quarter 2, 2017 Royalty of over US$ 4.04 million to Ms. Kaseumsy Phommavongsa, Director General of State Asset Department, Ministry of Finance.
— Lao News Agency
Industrial growth generates more jobs in central Laos
The growth of the industrial sector in Savannakhet province has generated thousands of jobs for local residents and contributed to improving their livelihoods, senior officials have said.
— Vientiane Times
See here for more of today’s Lao Morning News
Malaysia Morning News
Compiled by Kongleaphy Keam @kongleaphy1
Fuel prices up again at midnight
Pump prices for petrol as well as diesel will rise at midnight tonight with an increase of four sen for both RON95 and RON97.
— Malay Mail Online
RM13.3b more in debt funding needed for power sector: RAM Ratings
RAM Ratings expects an additional debt funding of RM13.3 billion is required for the local power sector, particularly to fund the large-scale solar plants.
— The Sun Daily
Total trade breaches rm1 trillion for Jan-July 2017
Malaysia’s total trade breached the RM1 trillion mark for the first seven months of 2017 at RM1.008 trillion, while expanding by 22.7 per cent from the corresponding period of 2016, said the Ministry of International Trade and Industry (MITI).
— The Borneo Post
See here for more of today’s Malaysia Morning News
Myanmar Morning News
Compiled by Sreypov Men @MenSreypov
Suu Kyi’s fading allure repels foreign investors
Soe Lin Htat sold his wife’s jewelry and a condominium to keep his media and marketing business afloat before Myanmar started to open to foreign investment.
— Asia Times
90,000 unsellable rice bags stranded in Lweje
Due to seizures by Chinese authorities, there are over 90,000 unsellable rice bags owned by Myanmar traders in Lweje, Kachin State, according to rice traders based in Mandalay.
— Eleven Myanmar
Mandalay Brewery’s JV with Kirin approved as market heats up
THE Myanmar Investment Commission (MIC) has approved a proposal by Mandalay Brewery, which is a subsidiary of Myanma Economic Holding Limited (MEHL), to operate a joint venture (JV) with Japanese brewer Kirin Holdings.
— Myanmar Times
See here for more of today’s Myanmar Morning News
Philippines Morning News
Compiled by Stella-maris Ewudolu @stmarisewudolu
Free tuition to cost P51B
The Department of Budget and Management (DBM) said based on initial estimates, the Free Tuition Law will cost around P51 billion for its first year of implementation.
— Malaya
China proposes intel sharing, counter-terror training with AFP
With terrorism now becoming a global threat, the People’s Republic of China (PRC) is proposing intelligence sharing and counter-terror training with the Filipino military.
— Philippine News Agency
Philippines could be at risk of US sanctions for North Korea trade
THE PHILIPPINES runs the risk of courting US trade sanctions for “doing business” with North Korea and the government is concerned enough to study its next steps on this matter.
— BusinessWorld Online
See here for more of today’s Philippines Morning News
Singapore Morning News
Compiled by Leakhena Khat @leakhenakhat
Singapore economy expected to grow by 3.1% in Q3: economists
PRIVATE sector economists expect Singapore’s economy to grow by 3.1 per cent in the third quarter of 2017, according to a poll of economists and analysts by the Monetary Authority of Singapore (MAS).
— The Business Times
Singapore’s 2017 growth forecast to remain at 2.5%: MAS survey
Singapore’s economic growth this year is expected to remain at 2.5 per cent, according to private-sector economists polled in a quarterly survey by the Monetary Authority of Singapore (MAS) released on Wednesday (Sep 6).
— Channel NewsAsia
Singapore faces ‘double blow in labour supply’ due to ageing population: study
Singapore has the most to fear from an ageing population among Asia-Pacific nations, a new study shows.
— The New Paper
See here for more of today’s Singapore Morning News
Thailand Morning News
Compiled by John Le Fevre @photo_journ
Thailand signs deals with Chinese state firms for high-speed railway
Thailand have signed two contracts, worth 5.2 billion baht ($157 million), with Chinese state enterprises for a high-speed rail project with China, Anon Luengboriboon, acting governor of the State Railway of Thailand, told Reuters on Wednesday.
— Reuters
2018 election not guaranteed: Deputy Prime Minister
The next general election might be again postponed after a Deputy Prime Minister said that he is uncertain if the organic laws can be finalised within 2018.
— Prachatai English
Provinces prepare for more flooding
Central region provinces have begun preparations against flood conditions caused by high tides and heavy rains.
— NNT
See here for more of today’s Thailand Morning News
Vietnam Morning News
Compiled by Sreypov Men @MenSreypov
Vietnam plans to sell Vinamilk shares at 154,000 dong each: gov’t
The Vietnamese government plans to sell 3.33 percent of its Vinamilk shares at 154,000 dong ($6.78) each, higher than the previous estimate, according to a government document seen by Reuters on Tuesday.
— Tuoi Tre
FDI to Vietnam is mostly from Asia, with South Korea ranked first
The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent compared with the same period last year.
— VietnamNet Bridge
Ministry outlines three growth scenarios for 2018
The Ministry of Planning and Investment has outlined three scenarios for economic growth next year as part of its preparation for developing a socio-economic plan.
— 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.
Asean Morning News For September 7 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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