Asean Morning News For February 23

Asean Morning News For February 23
Online English lessons

Asean morning newsAsean Morning News

Compiled by Sreypov Men    @MenSreypov


Uber will continue investing heavily in SE Asia even as it expects to lose money
Uber Technologies Inc’s chief executive pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast growing market due to costly battles with rivals such as Grab.
— DealStreetAsia

Taking the Asean trade horse to the water
As Asean economic ministers gather in Singapore for a retreat next week, they have the opportunity to discuss far-reaching initiatives that could change the face of regional commerce.
— The Straits Times

Cambodia Remains Most Corrupt Country In Southeast Asia
Cambodia remained the most corrupt country in Southeast Asia in the Corruption Perception Index 2017, the annual global graft ranking compiled by Transparency International, and it ain’t getting better.
— Investvine

China is pushing its new digital Silk Road into Southeast Asia
China is challenging the established Western powers with a new acumen for political and commercial expansion. The massive Belt and Road infrastructure plan is well-known. But in few places has the pace and strategy of Chinese growth been so palpable than the digital marketplaces of Southeast Asia.
Financial Review 

Southeast Asia ‘on course to meeting green goals’
Southeast Asian nations are on course to meeting their goal of sourcing 23% of total primary energy from renewables by 2025.
Energy Live News 

Japan to promote “Indo-Pacific” strategy through aid: ODA paper
Japan plans to use aid to developing countries to promote its “free and open Indo-Pacific” strategy, the government said Friday in its annual report on the country’s official development assistance.
Nikkei Asian Review 

Singapore eyes 30% stake in Manila airport expansion
Singapore’s Changi Airport Group intends to take a 30% stake in a project put forward by a consortium to expand the Manila airport into a regional aviation hub, according to a local businessman.
— Nikkei Asian Review

Cambodia’s Hun Sen threatens to beat up protesters at ASEAN-Australian summit
Cambodian Prime Minister Hun Sen on Wednesday (Feb 21) threatened to beat up protesters who might burn an effigy of him during his visit to Sydney next month.
— Channel NewsAsia

EU turns screw on Myanmar and Cambodia over rights abuses
European countries will threaten sanctions over both Myanmar’s anti-Rohingya crackdown and Cambodia’s opposition purge ahead of elections this year.
— Financial Times

The long and winding roads – Asia’s roads ranked
“Road infrastructure is the marker of a country’s development and is significant for safety and satisfaction of the citizens.”
— Phuket Gazette

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Cambodia Remains Most Corrupt Country In Southeast Asia
Cambodia remained the most corrupt country in Southeast Asia in the Corruption Perception Index 2017, the annual global graft ranking compiled by Transparency International, and it ain’t getting better.
— Investvine

Doubling of Thai investments in Cambodia targeted
CAMBODIAN Commerce Minister Sorasak Pan expects the value of Thai direct investments in his country will double by 2020, driven by expansion in services, agricultural processing, small and medium-sized enterprises and restaurants.
— The Nation

Government to Transfer $430 Million to Sub-national Administrations
The Royal Government of Cambodia has managed to provide $430 million for sub-national administration to contribute to country’s development, according to Prime Minister.
— Fresh News

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov


Indonesia mulls tax incentives for venture capital firms, to boost startup investments
Indonesia is looking at offering tax incentives to venture capital firms operating in the country as part of its efforts to boost investments in digital and e-commerce startups, according to reports by local media.
— DealStreetAsia

Indonesia’s car exports now under threat from Vietnam
As they face sluggish demand back home, Indonesia’s four-wheel car manufacturers face a bleak future in exports following a new regulation from Vietnam, which is poised to build its own automotive industry.
— Business Times

Garuda Indonesia to issue $500m in global bonds
Flag carrier Garuda Indonesia will issue global bonds worth US$500 million in March as an alternative source of financing to realize a plan to expand both its international and domestic routes.
— The Jakarta Post

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


Lao workers’ status upgrades in Thailand behind schedule
Difficulty faced in accessing information by Lao workers in Thailand has been cited as one of the reasons for the slow pace of their registration and upgrade of nationality status in the neighbouring country.
The Nation

Govt submitting 15 drafted laws for parliamentary debate
The government will submit 15 drafted laws to the National Assembly (NA) by this month for debate, the government spokesman Prof Dr Chaleun Yiapaoher said on Wednesday.
Vientiane Times

Vietnam, Laos envoys vow close ties
The new Vietnamese ambassador to Thailand on Thursday pledged Vietnam will not allow any groups to launch activities against Thailand, while his Lao counterpart said Laos would maintain good relations with Thailand including security cooperation.
Bangkok Post 

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov


Misif: US wrong to impose import tariffs on Malaysian steel
The Malaysian Iron and Steel Industry Federation (Misif) which deems the US’s inclusion of Malaysia among the steel-exporting countries to face potential tariffs as “wrong,” will bring its grouses to the Ministry of International Trade and Industry and the US Embassy.
— The Sun Daily

AliBaba Cloud aims to further enhance local digital economy
Alibaba Cloud Malaysia Sdn Bhd (ACM) has expressed the company’s ‘passion and commitment’ to Malaysia’s nation-building efforts and has aligning itself to contribute specifically to the country’s digital economy.
— New Straits Times

PM says Malaysia not going bankrupt
Datuk Seri Najib Tun Razak has reiterated that Malaysia would not go bankrupt as it managed to reduce its debt to 50.4 per cent against the self-imposed ceiling of 55 per cent, garnered higher foreign reserves, while works on infrastructure projects are in full swing.
— The Star Online

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat


EU to task officials to draw up sanctions on Myanmar generals: diplomats
European Union foreign ministers will formally request to prepare a list of senior military figures in Myanmar that could be targeted with sanctions, two diplomats said on Thursday.
Business Insider 

Hate speech, atrocities and fake news: the crisis of democracy in Myanmar
Last year, as Rohingya Muslim men, women and children ran from their burning villages in Myanmar’s western Rakhine state, an alarmed world turned to the internet for news. Some looked at The Irrawaddy, a publication named after the country’s signature river, which has been a pillar of journalistic probity since the student activist Aung Zaw founded it in 1993.
The Financial Times 

Myanmar: Rohingya repatriation likely to begin in two weeks
Myanmar’s Minister of Social Welfare, Relief and Resettlement U Win Myat Aye on Wednesday said their government needs two weeks to verify the first list of 8,032 refugees, sent by the Bangladesh government.
Dhaka Tribune 

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat


Death, Destruction & Economic Wins: Duterte’s First Year in Review
The first year of Philippine President Rodrigo Duterte’s administration was marked by sustained GDP growth of 6.7 per cent — the second highest in the region. This growth was supported by higher government spending in economic and social fields, as well as by an increase in infrastructure spending to 5.6 per cent of GDP, as compared with less than 3 per cent under the previous administration.
AEC News Today 

Philippines’ Duterte says may expand ban on outbound workers
Philippine President Rodrigo Duterte said on Thursday he would extend his ban on sending workers to Kuwait to include other countries if investigations showed Filipinos were being seriously abused by employers elsewhere.

Corruption Is Still A Big Problem In The Philippines
President Rodrigo Duterte’s death squads have killed the democratic process in the Philippines, and they haven’t killed the system that reproduces and perpetuates corruption.

See here for more of today’s Philippines Morning News


Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


Singapore Will Levy a Flat Carbon Tax on Companies Starting Next Year
Singapore will begin levying a carbon tax starting in 2019 in an effort to reduce the country’s greenhouse gas emissions and help make companies there more competitive.
Environmental Leader 

Singapore to review penalties for sexual offences, to consider new offences: Shanmugam
Punishments for sexual offences and new penalties for sexual crimes targetting women and children on the Internet are being reviewed by the Government, Minister for Home Affairs and Minister for Law K Shanmugam said on Monday (Nov 27).
Channel NewsAsia 

New institute at NTU Singapore to study impact of technological changes on society
In his inauguration speech, Prof Subra Suresh announced three new initiatives: the establishment of a new institute to tackle the challenges that technological change will bring to society; a new global digital arts prize, and a new fellowship to attract outstanding early-career scientists.
Open Gov Asia

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


Industrial confidence index rises
The Federation of Thai Industries yesterday (Feb 22) reported the industrial confidence index for January rose to 91.0 points from 89.1 in December 2017.
— Thai PBS

Thailand to declare IUU-free Thailand
The Spokeswoman for the Ministry of Foreign Affairs, Bussadee Santipitak, said the Thai government will declare the policy of Thailand being freed from Illegal, Unreported, and Unregulated (IUU) fishing.

BOT boss warns of possible stormy seas ahead
Bank of Thailand governor Veerathai Santiprabhob has warned there is a risk of bigger market corrections ahead, saying global rate hikes could adversely affect Thai firms.
— The Nation

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Vietnam to encourage informal sector to pay tax
The government needs to take action to reduce the size of the informal economic sector, economists say.
— VietNamNet Bridge

T&T Group seeks to acquire 25% of Vietnam’s rice exporter Vinafood 2
Vietnam-based multi-sector firm T&T Group plans to spend approximately $56 million to acquire a 25 per cent strategic stake in IPO-bound Vietnam Southern Food Corporation (Vinafood 2).
— DealStreetAsia

Squid and octopus exports to the US soar
Total exports of squid and octopus from Viet Nam to the US reached US$ 9.7 million last year, up 94.7 per cent from 2016, reported the Viet Nam Association of Seafood Producers and Exporters (VASEP).
— Bizhub

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.


Support independent media by sharing using these tools. Do not steal our content

Make a comment

Your email address will not be published.