Asean Morning News For April 11

Asean Morning News For April 11
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Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Inequality, Migration, & Industry 4.0 Challenge GMS Prosperity
The Greater Mekong Subregion (GMS) countries have made stunning progress over the past quarter century. Once plagued by poverty, they are now economic success stories.
— AEC News Today

Foreign selling of Asia equities persists as trade tensions heat up
FOREIGNERS continued to pull out money of Asian stock markets in March as trade tensions between the United States and China escalated and dampened the appeal for riskier assets.
— BusinessWorld Online

PPP spurred water expansion in Asean—MWSS chief
Metropolitan Waterworks and Sewerage System Administrator Reynaldo V. Velasco praised Manila Water, one of its concessionaires, for expanding its reach in building water facilities in the provinces of Isabela, Pangasinan, and in Southeast Asia, specifically Thailand, Indonesia, Vietnam, and Myanmar.
— Manila Standard

Southeast Asia: Export Boom Continues
Exports are booming for many of the 10 members of the Association of Southeast Asian Nations (ASEAN).
— Global Finance

Officials praise ride app merger despite anti-competition fears
In the days following the announcement that ride-hailing giant Uber was selling its Southeast Asia assets to regional competitor Grab, regulators and government officials across the region took action to ensure the move wouldn’t hurt competition in the sector.
— The Phnom Penh Post

Is ASEAN like a formidable jazz ensemble?
Diplomacy is still the tool of preference for international relations. Global multilateralism has seen the rise of regional intergovernmental organisations like the Association of Southeast Asian Nations (ASEAN) which has served as a vital diplomatic instrument in enhancing regional cooperation and fostering unity within the Asia Pacific region.
— The Asean Post

Flying into the future of employee mobility
Mobility is commonplace in today’s environment. As a business evolves in the VUCA world, so does the function.
— Human Resources

SE Asia Stocks-Most inch higher as Xi soothes U.S.-China trade war worries
Most Southeast Asian stock markets crawled higher on Tuesday as Chinese President Xi Jinping
promised to open the country’s economy further and lower import tariffs on products including cars, calming jitters over U.S.-China trade tensions.
— Reuters

ASEAN keen to work with China to safeguard free trade: officials
Secretary General of the Association of Southeast Asian Nations (ASEAN) Lim Jock Hoi said ASEAN and China will work together to maintain free trade and develop closer economic partnership for prosperity in the region.
— Xinhua

Tax harmonisation in Asean: S’pore should take the lead
ESTABLISHING the Asean Economic Community (AEC) after years in the making was a significant milestone for the regional economic integration agenda.
— The Business Times

Asean firms fear fallout of global giants’ trade dispute
As the world’s biggest economies threaten a trade war, most economists and business leaders are optimistic cooler heads will prevail.
— The Straits Times

How should we measure ASEAN’s success?
Assessments of ASEAN as a regional integration endeavour often fail to separate the organisation’s underlying objectives from those that appear on the surface.
East Asia Forum 

Hilton targets Asia-Pacific, Southeast Asia for hotel expansion
Hilton has named Asia-Pacific and Southeast Asia key growth regions for the hotel group, according to a report from The Nation. 

ASEAN may play a key role in talks on the Korean Peninsula
Weeks ahead of the much-anticipated summit between North Korean leader Kim Jung-un and South Korean President Moon Jae-in, there are growing hopes for permanent peace on the long-troubled Peninsula.
Asia Times 

ASEAN must remain neutral in US-China trade war: Expert
ASEAN must remain neutral in the United States-China trade war in an effort to maintain peace and stability in the region.
— Antara

Tighter security around Istana, Shangri-La Hotel during ASEAN Summit in April
There will be tighter security in areas around the Istana and Shangri-La Hotel when Singapore hosts the 32nd ASEAN Summit later this month, said the police in a news release on Tuesday (Apr 10).
— Channel NewsAsia


Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Phnom Penh airport train launches as free service until July 31
An airport train service running from the capital’s train station on Monivong Boulevard to the Phnom Penh International Airport started on Tuesday at a ceremony presided over by Transportation Minister Sun Chanthol.
— The Phnom Penh Post

Electronics manufacturer to build factory in Poipet SEZ
Sumitronics Manufacturing (Cambodia) Co., Ltd, a subsidiary of Sumitronics Corporation, a Japan-based electronics manufacturer, will set up a factory in Poipet Special Economic Zone, with the company reaching a land leasing agreement with the SEZ yesterday.
— Khmer Times

Draft minimum wage law talks finished
Following a request by a senior officer of the US State Department to hold another discussion on the draft minimum wage law, a tripartite group consisting of employers, unions and the government met again yesterday to check the law before sending it to relevant ministries.
— Khmer Times

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Indonesia’s Lion Air buying 50 Boeing 737’s in $6.2 bn deal
Indonesia’s Lion Air is buying 50 Boeing 737 MAX 10 airplanes in a deal valued at about $6.2 billion, the firms said Tuesday, as the carrier looks to cash in on a transport boom in the Southeast Asian nation.
— Gulf Times

Indian tourist arrivals in Bali up 59.08 percent
A total of 55,530 Indian tourists visited Bali during the January-February 2018 period, up by 20,624 people or 59.08 percent from 34,906 Indians during the same period in the previous year.
— Antara News

Safety Lapses and Fatal Accidents Amid Indonesia’s Infrastructure Boom
Indonesia’s infrastructural development has been marred by poor adherence to standard operating procedures and other human errors. In the past two years, 14 accidents were recorded, some of them deadly.
— Jakarta Globe

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Laos, Germany applaud decades of fruitful development cooperation
The Lao People’s Democratic Republic and the Federal Republic of Germany have enjoyed a good relationship and great cooperation over the past more than half a century, with Germany making a significant contribution to this least developed country in Southeast Asia.
Vientiane Times 

IFAD boosting smart agriculture in Laos
The International Fund for Agricultural Development (IFAD) will continue to work with the government and partners through the provision of finance for innovative, adapted approaches and technologies relating to climate-smart agriculture.
Vientiane Times 

Rural midwives help save mothers in Lao People’s Democratic Republic
“Just lie still and relax. Breathe slowly,” midwife Khoun Keobouttavong told Out, 30. Out was laying on the floor of her small stilt house in the southern Thapangthong District of the Lao People’s Democratic Republic.

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov


Malaysia to hold general elections on May 9
Malaysia is set to hold a general election on May 9, the Elections Commission said, in what could be the toughest test of the ruling coalition’s 61-year grip on power.
— Aljazeera

Malaysia’s palm oil fell 6.24% to 2.32 million tonnes in March
Malaysia’s total palm oil stocks in March 2018 slipped by 6.24 per cent to 2.32 million tonnes against 2.48 million tonnes in February 2018.
— The Star Online

Malaysian Mobile App Improves Oil Palm Plantation Management
Malaysian technology company LintraMax (M) Sdn. Bhd., has released a mobile app that it says will allow oil palm planters to streamline work processes at their plantations.
— AEC News Today

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat


Seven Myanmar soldiers sentenced to 10 years for Rohingya massacre
Seven Myanmar soldiers have been sentenced to “10 years in prison with hard labor in a remote area” for participating in a massacre of 10 Rohingya Muslim men in a village in northwestern Rakhine state last September, the army said on Tuesday.

They Documented a Massacre. Their Prize Is a Prison Cell in Myanmar
Once a week, the two Reuters reporters are shuffled out of their prison cells in Yangon, Myanmar, loaded into the back of a police truck and driven to a nearby courthouse.
The New York Times 

Economy yet to take off despite govt’s promise for growth; fixes needed
Last year, U Kyaw Win, the planning and finance minister, proclaimed that Myanmar’s economy is like a plane at full throttle down the runway, ready to take off. “Myanmar is like a plane running on the runway in 2016, but it is ready to take off in 2017.We will prevent [tackle] the monopoly which has persisted in Myanmar due to years of protectionism,” U Kyaw Win said.
The Myanmar Times 

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


$9.5B in Chinese investment deals to create 10,800 PH jobs
President Rodrigo Duterte on Tuesday witnessed the signing of an estimated $9.5 billion worth of investment agreements with Chinese businessmen, which could generate some 10,800 jobs for Filipinos.
— Philippine Daily Inquirer

Airline swings to loss on high fuel cost
Philippine Airlines reported a net loss of P4.6 billion last year, a reversal from a profit of P5.9 billion the previous year due to higher expenses on jet fuel.
— Malaya

P34.3 billion PPP projects by LGUs in the pipeline
The pipeline for Public-Private Partnership (PPP) projects for local government units (LGUs) has expanded to seven, with an aggregate value of at least P34.34 billion, as more provincial governments and private proponents join in the fray, the PPP Center said.
— Philippine Star

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


Singapore top in Asia Pacific in attracting and developing talent
Singapore has held its number two spot on the Global Talent Competitiveness Index for the second year in a row, losing out to Switzerland. However, it remains the leader in the Asia Pacific region, beating countries like New Zealand and Australia.
Channel NewsAsia (video)

Trade Risks Aside, Singapore Central Bank Is Ready to Tighten
A majority of economists surveyed by Bloomberg predict policy makers will look past the latest trade skirmishes between the world’s two largest economies and assess the city state’s growth outlook as solid and inflation healthy.

Asia’s first floating rubbish bin placed at Republic of Singapore Yacht Club
A floating rubbish bin that can collect the ocean’s trash is now bobbing in the waters of Singapore.
The Straits Times (paywall)

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


44 accused of fiddling student fund
The Education Ministry has accused Rojana Sinthi and 43 associates of embezzling money from a multi-million-baht fund for poor students, with one grantee also having allegedly been duped by the gang.
— Bangkok Post

Commerce Ministry sees risks and opportunities in US China trade war
The Ministry of Commerce has begun to plot out ways to handle escalating trade barriers between the United States and China, which have spurred fears of a trade war between the two economic giants.
— News Today (video)

Investors tapped for telecoms upgrade
THE Digital Telecommunications Infrastructure Fund (DIF) will raise its registered capital to Bt53.237 billion through a public offering of 3.831 billion units as a means of financing its third round of investment in telecommunications infrastructure in the face of rising Internet usage.
— The Nation

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Vinacomin aims to produce 9.45 million tonnes of raw coal in Q2
Vietnam National Coal and Mineral Industries Corporation (Vinacomin) aims to produce 9.45 million tonnes of raw coal in the second quarter of 2018, and at the same time, sell 9.54 million tonnes of coal, including 540,000 tonnes for export.
— VietnamPlus

Shrimp surplus stresses sellers
The country’s shrimp export business could be in for a tough year, due to sharp rise in global supply and a drop in market price.
— VietnamNet Bridge

Minister urges fisheries development to base on three pillars
It is necessary to develop the fisheries sector based on three pillars of chain exploitation, processing aligned with the market and using science and technology to develop aquaculture, said Minister of Agriculture and Rural Development Nguyen Xuan Cuong.
— VietnamPlus

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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