Asean morning news for September 27

Asean morning news for September 27
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Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu


RCEP Negotiations Reach Critical Stage – Likely to be Inked by Year-End
In the sixth Regional Comprehensive Economic Partnership (RCEP) ministerial meeting held in Singapore, the negotiations for the conclusion of the proposed RCEP reached a critical stage; the top leaders from the 16-member coalition came together and pledged to endorse a package of outcomes by year-end.
— ASEAN Briefing

Vietnam is now China’s top trading partner in ASEAN
The economic ties between China and Vietnam, including trade, investment and tourism, are booming. Eclipsing Malaysia, Vietnam is now China’s biggest trading partner in ASEAN.
— CGN (video)

‘US-China trade row could hurt Asean growth prospects’
THE trade war between the United States and China could undermine the strong economic growth prospects of Southeast Asian countries like the Philippines, according to the United Nations Conference on Trade and Development (Unctad).
— BusinessMirror

Labor Contracts in ASEAN
A labor or employment contract is a binding agreement between an employer and an employee, that addresses important employment terms, including those related to wages, benefits, termination procedures, and the duties and responsibilities of both parties.
— ASEAN Briefing

Commentary: Caution rising in China beneath the the Belt and Road Initiative’s shiny facade
China has launched a new publicity drive to promote the benefits of its Belt and Road Initiative (BRI) – and the surprise is that a publicity campaign is necessary at all.
— Channel NewsAsia

Accessing the ASEAN Consumer Market: Logistics and Fulfillment
The cost and capability of logistics providers in Malaysia and Thailand are relatively competitive in the region, but there are last mile issues that need to be addressed
— Thailand Business News

APAC telcos to have 477m 5G subs by 2023
Asia-Pacific’s mobile operators are expected to have a combined 477 million 5G subscriptions by 2023, according to GlobalData.

Inclusive business the future of Asean
The people of Asean — its leaders, governments, businesses and activists — want an Asia that works for all.

Cambodia morning newsCambodia morning news

Compiled by Michael Johansen @mfjohansen47


UNDP report finds 35% of Cambodians still mired in poverty
Thirty-five per cent of Cambodians are still living in poverty, with the rural population making up the majority, according to estimates from the 2018 global Multidimensional Poverty Index (MPI) released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) on Thursday.
Phnom Penh Post

Hun Sen, Rainsy set to attract ‘thousands’ for New York visit
Prime Minister Hun Sen on Tuesday announced plans to meet “thousands” of supporters in the US for the first time after his landslide victory in July’s national elections, polls described as allegedly “flawed” by many Western nations.
Phnom Penh Post

Released Aussie Filmmaker ‘Will Be Banned From Cambodia’
Australian filmmaker James Ricketson will be banned from returning to Cambodia following his release from jail last week.

See here for more of today’s Cambodia morning news


Indonesia morning newsIndonesia morning news

Compiled by Michael Johansen @mfjohansen47


Indonesian Gov’t Confused: Postpone Power Projects or Not?
Based on the latest reports – and contrary to earlier plans – the Indonesian government will not postpone the development of 15,200 MW of power projects.
Indonesia Investments

Indomaret tops retailer list with US$4.89b in sales
Convenient store chain Indomaret and Indomaret Point, owned by retail group Indomarco Prismatama, were the top-selling retailers of 2017, racking up a combined US$4.89 billion in sales, according to London-based strategic market research company Euromonitor International.
The Jakarta Post

Bank Mandiri Issues IDR3 Trillion Bond, Oversubscribed by 1.36 times
Bank Mandiri has completed the bond issuance process in the scheme of I Phase III – 2018 Sustainable Public Offering (PUB) worth IDR3 trillion with an 8.50 percent coupon and a five-year tenor after officially registering the bonds on the Indonesia Stock Exchange on Monday (9/24/2018).
Netral News

See here for more of today’s Indonesia morning news


Lao PDR morning newsLao PDR morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu


Laos Dam Impact Assessment ‘Plagiarized’
Parts of an environmental impact assessment for the controversial Pak Lay dam in Laos was copied word for word from an assessment of the equally contentious Pak Beng dam, an advocacy group has claimed.

Leaders sign condolence book, lay wreath for late Vietnamese President
Secretary General of the Lao People’s Revolutionary Party Central Committee and President of the Lao PDR, Mr Bounnhang Vorachit, along with high ranking officials yesterday gathered for a wreath-laying ceremony and signed a condolence book for late Vietnamese President Tran Dai Quang.
Vientiane Times

Man on trial for trafficking more than 56 kilos of crystal meth
Phnom Penh Municipal Court yesterday tried a Cambodian-Lao man who allegedly trafficked more than 56 kilograms of methamphetamine and heroin from Laos to stock and distribute in Phnom Penh last year.
Khmer Times

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men @MenSreypov


“Malaysia’s Imelda” Likely To Be Charged For Money Laundering
Rosmah Mansor, wife of Malaysia’s former prime minister Najib Razak who is embroiled in the multi-billion fraud scandal surrounding state fund 1Malaysia Development Berhad (1MDB), has been called to the Malaysian Anti-Corruption Commission headquarters in Putrajaya on September 26 for a second questioning and is likely to be charged as early as this week .
— Investvine

Exclusive Excerpt From “The Sarawak Report” (The Inside Story Of The 1MDB Expose)
The authors of Billion Dollar Whale claim to be the people who “broke the story on 1MDB”. In their book they also claim, according to reports, that insiders in the 1MDB investigation approached them with documents on Najib’s bank account (having allegedly been impressed by the WSJ’s reporting).
— Sarawak Report

Malaysia mulls legalising medicinal marijuana: Report
Malaysian cabinet ministers have reportedly begun informal talks to amend the law on medicinal marijuana amida public uproar over a death sentence handed to a man last month.
— Channel NewsAsia

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu


Govt hopes to draw more oil and gas investments after Rakhine offshore discovery
The Ministry of Electricity and Energy (MOEE) officially announced that the ShweYee Htun-2 appraisal well at offshore block A-6 near Rakhine State is able to produce natural gas for commercial purposes.
— Myanmar Times

Myanmar to export gold to foreign markets
Myanmar will export gold to Shanghai, Dubai and Thailand, said Dr Ye Thu Aung, director of Myanmar Gold Development Public Co., Ltd at a ceremony to open One Stop Services Center (OSSC) at Myanmar Culture Valley in the People’s Squares in Yangon on September 24.
— Eleven Myanmar

UN Secretary-General calls on Myanmar to pardon and release imprisoned Reuters reporters
The world’s top diplomat has called on Myanmar to pardon and release two Reuters reporters who were sentenced to seven years in prison in Myanmar (formerly Burma) earlier this month.
— Press Gazette

See here for more of today’s Myanmar morning news


Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu @stmarisewudolu


 ADB trims Philippines growth forecasts for 2018, 2019
The Asian Development Bank (ADB) has revised downward its growth projection for the Philippines this year and next, concerned with the persistent weakness in the agriculture sector, slower growth of exports and inflationary pressures.
— Philstar Global

Philippines plans $4.97-billion domestic borrowing in Q4
The Philippines plans to raise as much as P270 billion pesos from the sale of treasury bills and bonds in the fourth quarter, the same amount that was planned for the current quarter, the Bureau of the Treasury said on Tuesday.
— Interaksyon

Philippines’ ‘slow’ automation shift may lead to job, investment losses: analyst
The Philippines’ “slow” shift to automation may lead to lower competitiveness and fewer job opportunities in the near future, analysts said Wednesday, as the government continues to urge businesses to invest in artificial intelligence (AI) and upgrade workers’ skills.

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Michael Johansen @mfjohansen47


Training facility opens at Tuas Naval Base, as two Singapore navy warships become ready for action
A new training facility was opened at Tuas Naval Base on Wednesday (Sept 26) to prepare sailors for operations on board Singapore’s latest home-built high-tech warships, as another two of the fleet became ready for action.
Straits Times

Singapore’s manufacturing output growth falls to 3.3 pct in August
Singapore Economic Development Board announced on Wednesday that the city-state’s manufacturing output grew by 3.3 percent year on year in August, compared to the revised 6.7 percent increase in July.

S$50b in tax revenue collected last year as stamp duty revenue jumps nearly 50%
More than S$50 billion in tax revenue was collected in the last financial year as revenue from stamp duties jumped by nearly 50 per cent, data released by the Inland Revenue Authority of Singapore (IRAS) on Wednesday (Sep 26) showed.
Channel NewsAsia

See here for more of today’s Singapore morning news


Thailand morning newsThailand morning news

Compiled by John Le Fevre @photo_journ


Before ‘Wild Boars’ rescue mission, four others were saved from Thai cave: Reports
Two British divers who helped rescue a Thai youth football team from a flooded cave had earlier saved four adults also stranded in the complex, according to a new report on a mission that gripped the world.
— Channel NewsAsia/ AFP

BOT raises free transfer limit for online banking users
The Bank of Thailand (BOT) has resolved to increase the limit on free money transfers for users of internet banking to 700,000 baht per transaction.

Company executive jailed 9 years for selling fraudulent GT200 devices to royal guards unit
The top executive of a company that supplied the controversial GT200 remote substance detectors worth altogether nine million baht to the Royal Guards Regiment was on Wednesday sentenced to nine years imprisonment by the Don Meuang District Court after he was found guilty of fraud.
— Thai PBS World

See here for more of today’s Thailand morning news


Vietnam morning newsVietnam morning news

Compiled by Sreypov Men @MenSreypov


Top 3 Vietnamese banks struggle to increase capital to meet global adequacy norms
Three top Vietnamese banks have been struggling to increase their capital to meet international adequacy norms.
— Vietnam Insider

Vietnam is now China’s top trading partner in ASEAN
The economic ties between China and Vietnam, including trade, investment and tourism, are booming. Eclipsing Malaysia, Vietnam is now China’s biggest trading partner in ASEAN.
— CGN (video)

Vietnamese fishocide caught on camera (video)
There was more than a little fishy business going on last week when a truck carrying a load of live fish in Vietnam ended up spilling its load all over the roadway resulting in a ‘fishocide’.
— AEC News Today (video)

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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