Asean Morning News For January 9

Asean Morning News For January 9
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Asean morning newsAsean Morning News

Compiled by Sreypov Men    @MenSreypov


Southeast Asian Giants Team Up to Resist IS
Southeast Asia’s two biggest countries, the Philippines and Indonesia, are joining forces to stop Islamic State sympathizers from crossing a porous sea border and helping violent rebel groups in deadly battles against the government in Manila.
VOA News 

Why Asean is good for Singapore
The Asean Charter prescribes that the chairmanship of Asean shall rotate annually, based on the alphabetical order of the English names of the member states.
The Straits Times (paywall)

Why are there fewer fish? Southeast Asia’s poor suffer as Chinese money floods Mekong River, depleting resources
Nearly 4,800km long, it is the world’s largest inland fishery, second only to the Amazon for its biodiversity. And now leaders from all concerned nations are meeting in Cambodia to discuss its future
South China Morning Post 

SAIC Motor launches bid to crack Southeast Asian auto market
SAIC Motor has started up a major vehicle factory in Thailand, a first for a big Chinese automaker, seeking to stake a claim in a Japanese-dominated market as well as export to other Southeast Asian countries.
Nikkei Asian Review 

Helping Southeast Asian startups go global
IN RECENT years, the Southeast Asian region has attracted many venture capitalists, angel investors and even accelerator programmes for startups based in the region. Telstra-backed accelerator muru-D Singapore is among the newer accelerator programmes aimed at helping startups in this part of the world.
Digital News Asia 

Iran’s export to ASEAN up by 80%
According to reports rolled out by Asian papers, Iran-ASEAN trade has gone through a period of significant growth in the period between January and November 2017.
Mehr News Agency 

Thousands of goods items to enjoy zero percent tariff in 2018
Thousands of goods items will enjoy a zero percent import tariff in 2018 in line with Vietnam’s commitments on special preferential import duty rates within the framework of 10 free trade agreements (FTA).
Vietnam Plus 

Year 2018 will be ‘The Year of Milestones’ for ASEAN-India relations: Sushma Swaraj
Hailing the time-tested civilizational ties between India and South East Asia, the Minister of External Affairs Sushma Swaraj said the year 2018 was the Year of Milestones for India and ASEAN marching on the path of growth and partnership.

As China restricts scrap, metal companies look to process copper abroad
As China tightens restrictions on imports of foreign waste, Chinese metal recyclers and even smelters like Jiangxi Copper Co are increasingly looking to use Southeast Asian countries as an alternative location for the processing of copper scrap.
— Reuters

Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


Cut Off: Cambodia KBank Customers With Digi, Cellcard Blocked *Update #2
Thai business owners and visitors in Cambodia were left scrambling at the end of last week and over the weekend when access to Thailand’s fourth largest bank, Kasikornbank (KBank), was blocked for users of two of the countries largest internet service providers.
— AEC News Today

Employers required to pay more into NSSF for workers
A government policy that went into effect at the start of the year requires employers to pay more into their employees’ government-managed social security funds, a move that could have wide-ranging effects on the country’s nascent private- and government-run health care systems.
— The Phnom Penh Post

Delinquent loan rate continues to rise
The rate of microfinance loans with overdue payments nearly doubled last year according to the National Bank of Cambodia (NBC), though it remained within a normal range and was coupled with a rise in deposits.
— The Phnom Penh Post

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Sreypov Men    @MenSreypov


Garuda Indonesia to add 30 new routes
National flag carrier Garuda Indonesia is set to add 30 new routes for both domestic and international flights, said airline spokesman Ikhsan Rosan on Sunday.
— The Jakarta Post

Govt Hopes Industrial Zones to Attract Rp250 Trillion Investment
Industry Minister Airlangga Hartarto said the government hopes that 13 industrial zones in the country are expected to attract Rp250.7 trillion worth of investment in 2018.
— Tempo

Renewable energy production exceeds 2017 target
The Energy and Mineral Resources Ministry has announced that, as of December 2017, renewable energy contributed to 12.62 percent of the total national electricity supply, exceeding the 2017 state budget target of 11.96 percent.
— 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


800 billion kip declared lost to PS Lao Enterprise
More than 30,000 people have declared that they deposited a combined 800 billion kip with PS Lao Enterprise after the company unlawfully solicited money from them, authorities said yesterday.
Vientiane Times 

Chinese Investors Launch Multimillion Dollar Project
Two Chinese companies Wen Hao and Zhongtuo Guangfu have launched a multimillion dollar real estate project which will involve the development of a business centre, a four-star hotel, and a modern condominium in Sikhottabong district, Vientiane Capital.
Lao News Agency 

Hunterdon company, church to build school in Laos
Aqua Survey, Inc., based in Flemington, and the Stockton Presbyterian Church have collaborated to donate funds to build a school in a remote area in the very impoverished village of Vieng Xai, Laos.
New Jersey

See here for more of today’s Lao Morning News


Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov


Malaysian stocks surge to two-year highs on foreign fund flows, election bets
Malaysian stocks jumped to more-than-two-year highs, powered by surging foreign fund inflows and expectations surrounding national elections.
— Nikkei Asian Review

2017 — a bullish year for Malaysian banks
The share price of the local banking players on averaged has surged about 17% in the past year, with the two banking giants — Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd rising close to 24% and 51% respectively.
— The Malaysia reserve

Democracy showdown looms in Malaysia
For more than 10 years now, Malaysians have been asking for greater democracy and equality in the multi-ethnic nation.
— UCA News

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat


Rice exporter allegedly defrauds merchants out of K5.3 billion
A rice exporter is believed to be on the run after he allegedly swindled 64 rice merchants out of K5.3 billion (US$3.9 million).
Coconuts Yangon 

Myanmar-S. Korea trade reaches over 450 mln USD in 7 months
Trade between Myanmar and South Korea reached 458 million U.S. dollars in the first seven months of the present fiscal year 2017-18, the official Global New Light of Myanmar reported Monday.
Xinhua Net 

Financing Myanmar’s economic miracle
Promoting savings and using them to provide long-term and lower-interest loans to infrastructure projects and export-related industries could help Myanmar emulate the “miracle” growth of other Asian economies.
Frontier Myanmar

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Leakhena Khat    @leakhenakhat


The Philippines is a diabetes ‘hotspot’
The Philippines is considered one of the diabetes “hot spots” in the Western Pacific region, where the disease is already reaching epidemic proportions.
Philippine Daily Inquirer 

Philippines readies global bonds sale to fund infrastructure projects
The Philippines is looking to issue sovereign bonds in the first quarter of the year to help finance this year’s budget, its finance minister said on Monday, signaling the government is stepping up efforts to upgrade the nation’s infrastructure.
Arab News 

Philippines allocates USD500 million for military procurement in 2018
The Philippine government has confirmed an allocation of PHP25 billion (USD502 million) for 2018 to support the ongoing efforts to modernise the Armed Forces of the Philippines (AFP).

See here for more of today’s Philippines Morning News


Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


Hundreds affected as flash floods hit eastern Singapore
Hundreds of commuters and motorists were caught in flash floods across parts of eastern Singapore yesterday as an intense downpour dumped weeks’ worth of rain in just a matter of hours.
The Straits Times (paywall)

Singapore needs to go beyond tax perks and develop new trump cards, says Heng
SINGAPORE needs to develop its competitive advantages beyond tax incentives, given the trend of lower tax rates around the world, said Minister for Finance Heng Swee Keat in Parliament on Monday.
The Business Times 

New law to strengthen public sector governance passed
A new law that looks to strengthen the governance of statutory boards as well as formally introducing a data sharing regime in the Singapore Government was passed in Parliament on Monday (Jan 8).
Channel NewsAsia (video)

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


SCB Economic Intelligence Center forecasts 4% GDP growth this year
The Siam Commercial Bank Economic Intelligence Center (EIC) has forecast that continued economic growth in Thailand and global economic recovery will lead to 4% growth in the country’s gross domestic product (GDP) this year, but cited risk factors including foreign monetary policies and geopolitical conflict.

Thai startups pocket record $120m funding in 2017, to see competition this year
Thai startups received a record total of over $120 million in funding in 2017, helped by a pick-up in dealmaking towards the end of the year.

Somkid scolds science ministry as kids lose interest
Deputy Prime Minister Somkid Jatusripitak blasted the Ministry of Science and Technology Monday for failing to promote the study of science among children.
— Bangkok Post

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Financial sector told to stay updated with Industry 4.0 to expand tax base
Prime Minister Nguyen Xuan Phuc asked the financial sector to stay updated with the development of Industry 4.0 so as to expand the tax base.
— VietnamPlus

Government approves restructuring of Vinachem
Deputy Prime Minister Vuong Ðình Hu? has signed Decision No.16 approving the restructuring plan of the Vietnam National Chemical Group (Vinachem).
— Viet Nam News

Vietnam starts high-profile trial over oil firm losses
Vietnam put 22 executives on trial over losses at the state oil firm on Monday, including a businessman Germany accuses Hanoi of kidnapping from a Berlin park and the communist state’s first politburo member to face trial in decades.
— Business Insider

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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