Asean Morning News For June 27

Asean Morning News For June 27

Asean morning newsAsean Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Asean SET to benefit as Belt and Road goes green
The Belt and Road Initiative (BRI), unveiled by Chinese President Xi Jinping in September 2013 to reawaken and extend the old Silk Road for enhanced international trade, development and cooperation, will account for 30 per cent of global gross domestic product.
— The Nation

Southeast Asian countries zero in on marine protection in Bali meet
Delegates from Southeast Asian countries are sharing their experiences in implementing marine environment protection conventions set by the International Maritime Organization (IMO) in a three-day high level meeting in Bali.
— The Jakarta Post/

Southeast Asian mills get relief amid lower Chinese exports
The mood at this June’s biannual South East Asia Iron and Steel Institute conference has decidedly shifted to one of relief with the perennial bugbear of “cheap Chinese steel” having taken a backseat.
— Platts

Asean-India need to respond to GDPR in Europe
IN THE last eight years, more than 7.1 billion identities were found to have been exposed in data breaches worldwide.
— The Business Times

Japan Says Will Support Asean Connectivity
Japan is keen to support the Association of Southeast Asian Nations, or Asean, in realizing its vision for centrality, unity and connectivity, a Japanese official said on Tuesday (26/06).
— Jakarta Glob

Tokio Marine scouts for Asia, U.S. deals with $9 billion war chest
Japanese insurer Tokio Marine Holdings Inc (8766.T), one of the country’s most acquisitive companies, has a $9 billion war chest for overseas purchases and is scouting for deals in Asia as it looks to boost its profits from the region.
— Manila Bulletin

China’s plastic recyclers go abroad as import ban bites
In a smoke-filled plant about 50 miles northwest of Shanghai, masked workers feed sacks of plastic scrap into shuddering old machines that transform them into pellets used to make a range of manufactured goods.
— Reuters

Minister: Singapore will lead ASEAN Smart Cities boom
Singapore’s Minister of Communications and Information says that his country is ready to lead the region in pioneering Smart City initiatives
Total telecom 

Foxconn-Siam alliance connects ASEAN-China logistics
Thai industrial conglomerate, Siam Cement Group has formed a joint venture with Taiwanese electronics manufacturer and Apple supplier Hon Hai Precision Industry to set up an integrated logistics and supply chain in south China.
Nikkei Asian Review (metered paywall)

ASEAN VOD providers unite to create code tackling inappropriate content
Video-on-demand (VOD) streaming providers located in ASEAN countries have come together to debut a self-regulatory content code, to ensure its platform is free of inappropriate content. The players are Astro, dimsum, FOX+, HOOQ, iflix, Netflix, tonton, TVB and The Walt Disney Company (Southeast Asia).


Cambodia morning newsCambodia Morning News

Compiled by Sreypov Men    @MenSreypov


CDC approves new steel plant in Kampong Speu
A project to build a $31-million steel-processing plant in Kampong Speu province was recently greenlighted by the government, according to an announcement by the Council for the Development of Cambodia earlier this week.
— Khmer Times

Hun Sen Urges Cambodians to Avoid Placing World Cup Bets
Gambling is prohibited under Cambodian law, but illegal gambling operations and online betting mean Cambodians still have access to place bets on the tournament.
— VOA Cambodia

Worldbridge to open first SME industrial park
The first industrial park for small and medium enterprises in the Kingdom will open this October in Kandal province, just 12 kilometres from the centre of Phnom Penh.
— Khmer Times

See here for more of today’s Cambodia Morning News


Indonesia morning newsIndonesia Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Chevron to cut investment in Indonesia gas project to around $6 billion: deputy minister
Indonesia’s deputy energy minister said on Tuesday Chevron Corp intended to cut planned investment in the Indonesia deepwater development (IDD) gas project to around $6 billion from $12.8 billion.
— Reuters

May records Rp 685t revenue, Rp 94.43t deficit
The Finance Ministry has announced that through May, the government had reaped Rp 685.09 trillion (US$48.33 billion) in state revenue, mainly supported by a greater collection in non-oil and gas income taxes and value-added taxes.
— The Jakarta Post

Indonesia’s Go-Jek in discussions to raise $1.5b in fresh funding: Report
Indonesia’s ride-hailing giant Go-Jek is in talks to raise a fresh funding round of another $1.5 billion to support its plan to expand into new markets and challenge Grab’s domination in the region following Uber’s recent exit, according to a report by The Information.
— Deal Street Asia

See here for more of today’s Indonesia Morning News


Lao PDR morning newsLao PDR Morning News

Compiled by Leakhena Khat    @leakhenakhat


NA Approves Amendment To Law On Resolution Of Economic Disputes
Members of the National Assembly on Jun 22 approved amendment to the Law on Resolution of Economic Disputes to promote creating favourable conditions for investment.

Vietnam, Lao armies boost finance cooperation
Defence cooperation forms an important part of the relations between Vietnam and Laos, affirmed Deputy Minister of Defence of Vietnam Sen. Lieut. Gen. Tran Don.
Nhan Dan Online

Lao gov’t, Chinese investor finalizing SEZ pact in southern province
The Lao government and a Chinese investor were finalizing a concession agreement for the planned Khonphapheng Special Economic Zone (SEZ) in the far south Champassak province, local daily Vientiane Times reported Tuesday.
Xinhua Net 

See here for more of today’s Lao Morning News

Malaysia morning newsMalaysia Morning News

Compiled by Sreypov Men    @MenSreypov


13 new ministers on leaked Malaysia Cabinet list
Several Members of Parliament (MPs) whose names are said to be on a list of proposed ministers and deputy ministers that allegedly leaked on Monday night (Jun 25) appeared coy when pressed on the matter.
— Channel NewsAsia

Malaysia’s top cop confirms revamp of police force
Malaysia’s national police chief Mohamad Fuzi Harun has confirmed that the police force will be restructured, with three elite teams likely to be abolished, as previously reported by The Straits Times.
— The Straits Times

No ringgit peg for Malaysia for now; changing currency an option: Mahathir
There is no need to peg the ringgit at the moment although the country will study this as an option if needed, Malaysian Prime Minister Mahathir Mohamad told Channel NewsAsia on Monday (Jun 25), adding that his government is also mulling going cashless or changing currencies in a bid to combat corruption.
— Channel NewsAsia

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar Morning News

Compiled by Leakhena Khat    @leakhenakhat


Myanmar burns seized drugs worth $180 million
Myanmar authorities destroyed a year’s worth of confiscated drugs on Tuesday, with an estimated street value of 180 million US dollars.

Aust urged to cut ties to Myanmar military
Amnesty International is urging Australia to cut financial ties with Myanmar’s military and back moves to take 13 of the country’s most senior security officials to court over atrocities committed against Rohingya Muslims.

Mytel says it’s pumped $1 billion into boosting nationwide operations
The country’s fourth and newest telecommunications operator, Mytel, has invested over US$1 billion (K1.38 trillion) in capital expenditure to boost infrastructure and improve service, U Zaw Min Oo, the company’s chief of external relations, told reporters at a news briefing.
The Myanmar Times 

See here for more of today’s Myanmar Morning News


Philippines morning newsPhilippines Morning News

Compiled by Stella-maris Ewudolu    @stmarisewudolu


Global Ferronickel to raise over P500 million from share sale
GLOBAL FERRONICKEL Holdings, Inc. (FNI) has priced its follow-on share sale at a discount, which will allow it to raise just over P500 million or half of its original target of P1 billion.
— BusinessWorld Online

5 PH universities among the best in S.E. Asia
Five universities in the Philippines notched spots in this year’s Quacquarelli-Symonds (QS) University Rankings.

IN 5 YEARS: 3rd telco must invest P200B
Companies vying for the slot of the Philippines’ third telecommunication player are expected to spend at least P40 billion a year for the medium term — or the equivalent of P200 billion in five years — and provide service to at least 30 percent of the population each year, the Department of Information and Communications Technology (DICT) said.
— Malaya

See here for more of today’s Philippines Morning News

Singapore morning newsSingapore Morning News

Compiled by Leakhena Khat   @leakhenakhat


Unvaccinated foreign travellers may be denied entry to Singapore under proposed changes to the law
Foreign travellers who are not vaccinated against serious infectious diseases may be denied entry into Singapore, as the Ministry of Health (MOH) steps up defences against the importation of diseases such as yellow fever.
Today Online 

Sharp increase in complaints against oBike since it announced it will cease operations: CASE
There has been a sharp increase in the number of complaints against bike-sharing operator oBike, following its announcement that it has ceased operations in Singapore, the Consumers Association of Singapore (CASE) confirmed on Tuesday (Jun 26).
Channel NewsAsia 

New Mega Technology Event ConnecTechAsia Opens with Spotlight on Digital Convergence and Rise of Emerging Technologies
ConnecTechAsia, the new mega technology event comprising CommunicAsia, BroadcastAsia and the inaugural NXTAsia, officially opens today at Marina Bay Sands and Suntec Singapore.
AEC News Today/ PR Newswire (media release)

See here for more of today’s Singapore Morning News


Thailand morning newsThailand Morning News

Compiled by John Le Fevre    @photo_journ


Drones & Robots Join Search For Thai Teens Believed Trapped in Flooded Cave (HD video)
A desperate search and rescue operation is currently underway for 12 teenage members of a rural Thai football team believed trapped by rising flood waters in a cave in Chiang Rai Province, Northern Thailand.
— AEC News Today (video)

Alien workers have 5 days left to register at OSS center
The Yala Office of the Department of Employment has urged migrant workers in Yala to register and have their nationalities verified by the end of this month.

FTI calls on government to maintain 80% tariff on imported cars
The Federation of Thai Industries (FTI) yesterday called on the government to maintain tariff on imported cars at 80% to protect local auto industry.
— Thai PBS

See here for more of today’s Thailand Morning News


Vietnam morning newsVietnam Morning News

Compiled by Sreypov Men    @MenSreypov


Vietnam launches over 1 million carbon credits to international market
Vietnam has launched more than 1 million voluntary carbon credits from household biogas plants to the international market as part of the Biogas Programme for the Animal Husbandry Sector in 2016-2020.
— Nhan Dan Online

Iron, steel exports face most trade-defense lawsuits
Vietnamese exports have been subject to an increasing number of protectionist measures overseas, and most of the trade-defense lawsuits have been filed against Vietnamese iron and steel exports, officials said.
— VietnamNet Bridge

What is fueling social unrest in Vietnam?
The detention of an American citizen in Vietnam, arrested while participating in a protest in Ho Chi Minh City, has again drawn international media attention to social unrest in this fast-growing nation of close to 100 million.
— Asia Times

See here for more of today’s Vietnam Morning News


The Asean Morning News Roundup and its individual country morning news round-ups are the most comprehensive hand-curated selection of news reports from around the Asean Economic Community (AEC) published. We scour hundreds of local and international news and websites to find the things that you need to know to start your working week day.

We clearly identify the source of the story, whether it is behind a paywall, a media release, or whether the site uses annoying pop-up advertising or auto-play video, in case those things annoy you. It’s all then packaged up in an easy to read format enabling you to make an informed choice of whether you want to learn more by clicking directly through to the original source, or keep on reading the headlines. AEC News Today: Governance, not government; policies not politics.


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