Asean morning news for October 30

Asean morning news for October 30
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Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


ASEAN endorses roadmap to meet region’s increasing energy demand
The Association of Southeast Asian Nations (ASEAN) has endorsed an energy investment roadmap designed to attract investment and build sustainable financing models to meet increasing energy needs.
— Channel NewsAsia

China to work with ASEAN on ‘stabilizer’ sea code
China said Monday it was “ready to work” with the Philippines and ASEAN towards a code of conduct in disputed waters, which will serve as a “stabilizer” in the region.
— ABS-CBN News

This Region’s FDI Inflow Grows versus the 41% Global Slump
Southeast Asian countries received more foreign direct investment in the first six months of 2018 compared to the same period a year ago, according to a recent report by the United Nations Conference on Trade and Development.
— CFO innovation Asia

Frost & Sullivan sees digital transformation driving ASEAN airport growth
According to a recent survey conducted by Frost & Sullivan, future growth of airports in ASEAN will be heavily driven by digital transformation.
— ADS (media release)

Wind, Sun to Strand $60 Billion of Coal Assets in Southeast Asia
As much as $60 billion of coal power assets may be stranded in the next decade across Vietnam, Indonesia and the Philippines, according to a new study by Carbon Tracker, which cited tighter environmental policies and competition from cheaper renewable energy.
— Bloomberg

Asean must find solution to spiralling meth epidemic
Many Asean member state governments are no strangers to the social and security ramifications of the illicit drug trade. Indeed, many greater Mekong region states have been locked into a war against drugs,especially heroin, for decades.
— Bangkok Post

NT$1.58bn budgeted for students abroad
The Ministry of Education (MOE) has budgeted NT$1.58 billion (US$50.97 million) for personnel training next year as part of its response to the government’s New Southbound Policy.
— Taipei Times

ASEAN Insurance Summit to explore impact of 4IR on industry
The third ASEAN Insurance Summit, which will be held on November 28 at Sasana Kijang, Bank Negara Malaysia, here, is expected to attract over 250 participants comprising industry leaders, regulators, stakeholders and industry players in the region.
— The Edge Markets

Asian media bosses call for closer cooperation in region
Asian media bosses believe their organisations need to find ways to cooperate more closely in the face of global headwinds as well as to succeed in the long-term goal of fostering a greater East Asian community.
— The Straits Times

Chinese to work with Asean on snake bite cure research
Doctors at the Wuzhou Traditional Chinese Medical Hospital said on Saturday that it is seeking cooperation with Asean countries on research into the treatment of snake bites.
— The Phnom Penh Post

Airbus promoting A220 around Southeast Asia
Airbus has been promoting its A220 to a variety of carriers in Southeast Asia since it took over the former CSeries programme from Bombardier in July.
— Flightglobal

Cambodia morning newsCambodia morning news

Compiled by Sreypov Men          @MenSreypov


Challenges as Kingdom heads for Industry 4.0
Industry 4.0 or the Fourth Industrial Revolution opens an opportunity for some countries. However, it also provides challenges to others, such as Cambodia where people still rely heavily on agriculture for their livelihood.
— Phnom Penh Post

‘Rental prices in Sihanoukville at highest rate’
Property rental in Sihanoukville, which has been skyrocketing due to the influx of Chinese investors, may fall in the next few years when major construction projects are completed, say real estate insiders.
— Cambodia Daily

Cambodia shuts down ‘fake’ FB accounts
The Ministry of Interior has announced the closure of six Facebook accounts, which it said had incited insecurity in Cambodia.

See here for more of today’s Cambodia morning news


Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Lion Air Flight JT610 crash: bodies, debris found, no hope of survivors (video, gallery)
Indonesian government officials admitted Monday evening that there was no hope of survivors from the crash of Lion Air Flight JT610, which appears to be shaping up to be Asean’s second-worst aviation disaster in history.
— AEC News Today (video)

Turnbull smooths relations with Indonesia for Morrison
Former prime minister Malcolm Turnbull has met with Indonesian President Joko Widodo in a move the Federal Government hopes will smooth relations with the nation’s northern neighbour.
— ABC News

BI sees slowdown in manufacturing expansion in Q4
Bank Indonesia (BI) says expansion of the manufacturing sector has started to slow down after obtaining high growth in the third quarter.
— The Jakarta Post

See here for more of today’s Indonesia morning news


Lao PDR morning newsLao PDR morning news

Compiled by           @Maria Rasonable


Second life imprisonment for alleged Lao drug kingpin Xaysana Keopimpa
Alleged Laotian drug baron Xaysana Keopimpa who has a penchant for sports cars and links with some of Bangkok’s celebrities was today sentenced to life imprisonment by the Criminal Court after he was found guilty of smuggling more than three million meth pills from Laos into Thailand to be delivered to Malaysia through his drug network in southern Thailand.
— Thai PBS world

China says leaders from 18 countries to participate in import fair next week
China’s Foreign Ministry said leaders would be coming from the Czech Republic, Cuba, the Dominican Republic, Kenya, Lithuania, Panama, El Salvador, Switzerland, the Cook Islands, Croatia, Egypt, Hungary, Georgia, Laos, Malta, Pakistan, Russia and Vietnam.
— Reuters

Rangers bust smuggling of bogus goods across Mekong River in Mukdaharn
The rangers unit discovered a long-tail boat sailing from the Lao side of the international river before docking at Anurakbamrung Community on the Thai side. A group of 5-10 men were found transporting bags out of the boat, prompting the officials to make arrests.

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov


Malaysia’s new approved direct investments rise to 19.18 bln USD in H1
Malaysia’s new approved direct investments in the services, manufacturing and primary sectors rose 17.7 percent year-on-year to 80.2 billion ringgit (about 19.18 billion U.S. dollars) in the first half of 2018, according to data released Monday.
— Xinhua

Malaysia Auctions Off 1MDB-Linked Superyacht
Malaysia’s government has launched a one-month auction for luxury yacht Equanimity which has allegedly been bought with money stolen from the multibillion-dollar looting of state investment fund 1Malaysia Development Berhad (1MDB).
— Investvine

Australian mining plant in Malaysia faces radioactive waste inquiry
The Chinese government has announced a slashing in the production of rare earth metals, a type of metal used in a range of high-tech products from mobile phones to wind turbines and electric cars.

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar morning news

Compiled by           @Maria Rasonable



Jailed Myanmar Reuters reporters to file appeal
Two Myanmar Reuters journalists will file an appeal this week against a seven-year prison sentence linked to reporting on the Rohingya crisis, their defence lawyer said yesterday.
— Borneo Bulletin

Myanmar garment workers demand sacked colleagues get jobs back
Dozens of striking workers from a Chinese-owned garment factory in Myanmar marched to a government compound in the city of Yangon on Monday, demanding to meet the city’s chief minister, as part of efforts to get sacked colleagues reinstated.
— Reuters

Myanmar journalists facing incitement charges freed on bail
Three Myanmar journalists accused of incitement were granted bail on Friday but must continue to fight the case involving a close confidant of civilian leader Aung San Suu Kyi.
— South China Morning News

See here for more of today’s Myanmar morning news


Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Rosita makes landfall in Isabela
Typhoon Rosita (international name Yutu) made landfall in Dinapigue, Isabela at 4 a.m. Tuesday, state weather bureau PAGASA said.
— ABS-CBN News

PHL seeks $811.5-million World Bank loans, grants for 7 projects
THE Philippines is seeking $811.5 million in World Bank loans and grants for seven projects included in the pipeline as of October 2018.
— Business Mirror

Economist forecasts 6% growth in Q3
An ING Bank NV Manila Branch economist forecasted a 6.3 percent growth in the Philippine economy in the third quarter this year, higher than the 6 percent in the second quarter, due to stronger government spending.
— Philippine News Agency

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by           @Maria Rasonable


StanChart robbery: UK Secretary of State orders extradition of David Roach to Singapore
The United Kingdom Secretary of State has ordered the extradition of David Roach, the suspect in the 2016 Standard Chartered bank robbery, to Singapore, the Ministry of Home Affairs and Attorney-General’s Chambers said in a joint statement on Monday (Oct 29).
— ChannelNewsAsia

First section of Lornie Highway opens
After repeated delays stretching more than two years, the first section of the Lornie Highway – previously known as Bukit Brown Road – was finally opened to traffic yesterday.
— The New Paper

Shared bike fleet slashed by over 50% to 40,500, as Ofo cuts numbers from Nov 1
The shared bicycle population in Singapore will be cut by more than half next month, dipping from 100,000 in September to 40,500 as operators downsize their fleets to meet a Nov 1 deadline imposed by the Land Transport Authority (LTA).
— TodayOnline

See here for more of today’s Singapore morning news


Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ


PM mulls canal plan but army brooks no delay
Prime Minister Prayut Chan-o-cha has ordered the National Economic and Social Development Board (NESDB) and Office of the National Security Council (NSC) to look into a proposed canal project connecting the Gulf of Thailand to the Andaman Sea.
— Bangkok Post

FPO holds GDP growth at 4.5% on consumption uptick
The Fiscal Policy Office (FPO) is maintaining its forecast for the country’s economic growth at 4.5% as private consumption picks up and investment counters sagging global demand.
— Bangkok Post

Thai Government declares a three month “War on Drugs” in Thailand
The government has decided to declare war on narcotic drugs across the country with an expectation of positive result in three months.
— The Pattaya News

See here for more of today’s Thailand morning news


Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov


Vietnam’s consumer price index up 0.33% in October
The consumer price index (CPI) in October rose by a slight 0.33% against the previous month and 3.89% compared with a year earlier, according to the General Statistics Office (GSO).
— Nhan Dan Online

Vietnam owns US$40 billion of coal capacity under construction and planned
Carbon Tracker researchers found that from 2010 to 2017, coal generation increased 72% in Vietnam.
— The Hanoi Times

Forestry sector in 5.72 billion USD trade surplus
Vietnam’s forestry sector enjoyed a trade surplus of 5.72 billion USD in the first 10 months of 2018, according to the Vietnam Administration of Forestry (VNForest) under the Ministry of Agriculture and Rural Development.
— VietnamPlus

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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