Asean morning news
Compiled by Stella-maris Ewudolu @stmarisewudolu
A draft of ASEAN Declaration on ASEAN Vaccine Security and Self-Reliance proposed
National Vaccine Institute prepares to propose draft of ASEAN Declaration on ASEAN Vaccine Security and Self-Reliance for government’s approval
— NBT World (video)
SEA healthtech startups draw $189m in 1H2019, India on track to break FY18 record
Southeast Asian and Indian healthtech startups are raking in record levels of venture capital.
— Deal Street Asia
Greater Focus on MGC for Closer CLMV Linkages
India’s transition from the Look East Policy to Act East Policy (AEP) during the first term of Prime Minister Narendra Modi positioned the ASEAN region high in New Delhi’s foreign policy priorities.
— Khmer Times
US leads anti-terrorism naval exercises in WPS
The United States led several Asian nations in the final stretch of the Southeast Asia Cooperation and Training Exercise (SEACAT) in the West Philippine Sea (South China Sea), a maritime training designed to enhance interoperability among participants on anti-maritime terrorism operations.
— Inquirer.net
Small diplomatic success will not change Beijing’s course on South China Sea
ASEAN countries and China have taken a step closer to the promised Code of Conduct governing the South China Sea.
— Prachatai English
An idea to electrify 1 million boats in Southeast Asia—inspired by Ikea
A Singapore-based renewables startup is on a mission to replace polluting diesel-powered boats with solar-charged electric vessels in Southeast Asia, inspired by a Swedish furniture retailer’s disruptive approach to part distribution and assembly.
— Eco-Business
PM inaugurates 40TH AIPA Assembly
The Thai Prime Minister has presided over the opening ceremony of the 40th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) which gathers leading ASEAN parliamentarians in Bangkok to discuss strategies to tackle the region’s various challenges.
— NBT World (video)
ASEAN countries ‘not ready’ for cyberattacks
Technical issues at two major airports in Southeast Asia have shown that ASEAN’s member states are woefully unprepared for cyberattacks, experts have said.
— The Jakarta Post (paywall)
IMO Asean members set presentation of antipollution action plan in confab
Asean members of the International Maritime Organization (IMO) are set to present their action plans for their maritime industries at the Second High-Level Regional Meeting on Marine Environment Protection of the Southeast Asian Seas (MEPSEAS) in Manila starting today, August 27, until Thursday.
— Business Mirror
Southeast Asia Ripe For New Approaches to Microplastic Glut, Climate Change
Early this month, the Google Science Fair awarded its grand prize to an Irish teenager for devising a method to remove microplastics from our oceans.
— RFA
Climate calamities will make Asia’s poorest people poorer—UN
Climate disasters in Asia-Pacific hit poor and marginalised communities the hardest, pushing them further into poverty, a new UN report has found.
— Eco-Business
History of ASEAN Inter Parliamentary Assembly
Thailand hosts the 40th ASEAN Inter-Parliamentary Assembly this year. Let’s us find out more about the organization.
— NBT World (video)
Why Southeast Asian Navies will Hold Exercises with the US After the Same with China
The first military exercises between the United States and a bloc of 10 Southeast Asian nations, following the same bloc’s drills with China last year, show that both superpowers increasingly hope to influence a part of the world that could swing either way, observers say.
— VOA
Southeast Asia will benefit from the trade war, says ShawKwei founder Kyle Shaw
Southeast Asia will be the net beneficiary of the ongoing trade war between China and the US, according to a top executive of Hong Kong-based private equity (PE) firm ShawKwei & Partners.
— Deal Street Asia
US-China trade war negatively affects Southeast Asian economies
Southeast Asian economies will likely face continued external headwinds in the remaining months of 2019 as the US-China trade tensions weigh on the region, according to Nikkei Asia Review of Japan.
— Vietnamplus
Neighbors, not PHL, will gain from US-China trade war–Fitch Solutions
The country’s neighbors—Thailand, Vietnam and Bangladesh—are poised to become the major beneficiaries of the trade war between the United States and China, but the Philippines is not in the radar of investors that are intending to relocate.
— Business Mirror
IPR protection in the ASEAN
The fastest-growing sub-sector in the Philippine economy over the past 5-1/2 years — 2014 to the first half of 2019 — is intellectual property products, under Capital Formation (or private investments). It was growing at 28% per year, with capital formation growing at 14% and GDP at 6.3%.
— BusinessWorld Online
PH to host high-level regional maritime meet
The Philippines, through the Maritime Industry Authority (MARINA), will bring together leaders of maritime agencies from participating International Maritime Organization (IMO) member countries as it hosts the second high-level regional meeting on Maritime Environment Protection of the Southeast Asian Seas (MEPSEAS) from Aug. 27 to 29 this year.
— Philippine News Agency
Vietnam’s efforts in promoting ASEAN cooperation applauded
Secretary General of the Association of Southeast Asian Nations (ASEAN) Lim Jock Hoi lauded efforts by the Vietnamese Government and businesses in developing cooperation between the ASEAN member countries, while addressing a seminar in Hanoi on August 26.
— Vietnamplus
NA leader calls for stronger AIPA-ASEAN partnership
The ASEAN Inter-Parliamentary Assembly (AIPA) actively supports the regional grouping’s efforts in realizing and associating the ASEAN Vision 2025 with the UN Agenda 2030 on sustainable development, as well as ASEAN’s initiatives in strengthening regional connectivity, especially in environmental protection, climate change response and reduction of plastic waste and ocean debris.
— Vietnamplus
Cambodia morning news
Compiled by Raksmey Khoem @raksmey.aecnews
PM pushes for lifelong learning opportunities
Prime Minister Hun Sen has tasked all relevant ministries, institutions, authorities, educational institutions, learning centres and monasteries to develop lifelong learning opportunities for the people to better their lives.
— Khmer Times
Government urges restaurants to stop using plastic
The Ministry of Tourism is encouraging restaurant owners to cease using plastic to help save the environment.
— Thmey Thmey
Cambodia’s rice farmers in serious danger
Half a million Cambodian farmers could possibly be looking at empty rice bowls if the European Union (EU) pushes through with the withdrawal of its Everything But Arms (EBA) trade preference.
— The Asean Post
See here for more of today’s Cambodia morning news
Indonesia morning news
Compiled by Justhine De Guzman Uy @justhine.aecnews
Jokowi names Penajam Paser Utara as new capital city site
President Joko Widodo (Jokowi) has named Penajam Paser Utara and Kutai Kertanegara in East Kalimantan Province as the sites of the new capital city.
— Antara News
Five military personnel suspended, probed for alleged racial abuse against Papuans
The Brawijaya Military Command in East Java have suspended five military personnel who are currently under investigation for their alleged involvement in a recent incident of racial abuse targeted at Papuan students in Surabaya.
— The Jakarta Post
Jokowi Says New Capital Will Cost Rp466tn, 19pct from APBN
President Joko “Jokowi” Widodo has announced the new capital city will be built in the regencies of North Penajam Paser and Kutai Kartanegara, East Kalimantan. He said the relocation would cost up to Rp466 trillion.
— Tempo.co
See here for more of today’s Indonesia morning news
Lao PDR morning news
Compiled by Raksmey Khoem @raksmey.aecnews
Laos to Join Regional Electric Vehicle Boom
Laos has launched a new electric vehicle project, joining its neighbors in Southeast Asia where the growth of the EV market is set to boom.
— The Laotian Times
Cambodia, Laos, Myanmar, Vietnam plan closer cooperation
The new draft document, titled Framework for CLMV Development, was tabled for discussion at a CLMV Senior Officials Meeting held in Vientiane and presided over by the Acting Director of the Department of Economic Affairs, and CLMV Senior Officials Meeting leader for Laos, Mr Virasak Somphong.
— ANN/Vientiane Times
U.S. Supports Tech Skills Training For Lao Youth
On Aug 22, the U.S. Embassy partnered with the Lao tech-incubator firm TOH-LAO as well as top tech firms including Facebook to officially launch the AC STEM Lab – a training programme designed to cultivate and grow the number of highly skilled workers available for employment in the tech sector in Laos.
— KPL
See here for more of today’s Lao morning news
Malaysia morning news
Compiled by Sreypov Men @MenSreypov
Malaysia hopes to pay for military equipment with palm oil, says minister
Malaysia is in talks with at last six countries on the possibility of using palm oil to pay for arms, as South-east Asia’s third-biggest economy seeks to replace old equipment to boost its defence capabilities.
— Malay Mail
519 arrested for terrorism activities as of July: Malaysian home minister
As of July, the Malaysian police have arrested 519 people suspected of having been involved in terrorism, said Home Minister Muhyiddin Yassin on Monday (Aug 26).
— CNA
Malaysia taps digital technology in tourism development – Mahathir
Malaysia is embarking on a comprehensive digitalisation journey to transform its tourism industry with smart tourism initiatives in line with the Fourth Industrial Revolution (IR4.0), Prime Minister Tun Dr Mahathir Mohamad said today.
— The Borneo Post
See here for more of today’s Malaysia Morning News
Myanmar morning news
Compiled by Sreypov Men @MenSreypov
Myanmar attracts over 3.5 bln USD of foreign investment in 10 months
More than 3.5 billion U.S. dollars of foreign investment entered Myanmar from 224 enterprises permitted by the Myanmar Investment Commission (MIC) as of July 31 in present fiscal year 2018-2019, according to figures released from the Directorate of Investment and Company Administration (DICA) on Monday.
— Xinhua
Supply, distribution of water in Yangon to be privatised: Mayor
The Yangon City Development Committee (YCDC) will invite the private sector to take over the supply and distribution of water in Yangon, Mayor U Maung Maung Soe was quoted by state media as saying.
— Myanmar Times
Powering a conflict: the Kachin Independence Organisation’s hydropower business
While Tatmadaw and Kachin Independence Army soldiers face off in a long-running conflict, a company owned by the Kachin armed group has been profiting from the sale of power to government-controlled Myitkyina and Waingmaw townships.
— Frontier Myanmar
See here for more of today’s Myanmar morning news
Philippines morning news
Compiled by Stella-maris Ewudolu @stmarisewudolu
Carpio: PH signed terms of reference on joint oil and gas exploration deal with China
Foreign Secretary Teodoro Locsin has signed the terms of reference on a 2018 memorandum of understanding (MOU) on cooperation on oil and gas development between China and the Philippines, according to Senior Associate Justice Antonio Carpio.
— CNN Philippines— GMA News
29 areas under Signal No. 1 as Tropical Depression Jenny speeds up
Tropical Depression Jenny slightly accelerated before dawn on Tuesday, August 27, with more rain and strong winds expected.
— Rappler
Duterte government to finish 21 big-ticket projects
The Duterte administration will complete less than a third of the infrastructure flagship projects by the end of the President’s term, according to documents released by the National Economic and Development Authority (Neda).
— Business Mirror
See here for more of today’s Philippines morning news
Singapore morning news
Compiled by Justhine De Guzman Uy @justhine.aecnews
Haze returns to S’pore end-August 2019
The National Environment Agency (NEA) said this was caused by a brief shift in the direction of the prevailing winds that blew from the southwest on Sunday.
— Mothership
Singapore may avoid recession after production beats forecasts
Singapore’s manufacturing output fell for a third straight month in July but the performance was much better than expected, indicating the city-state may avoid falling into a recession following a torrid second quarter.
— Nikkei Asian Review
Singapore Faces Rising Tide of Bad Debt With Record Bonds Maturing
Singapore firms are likely to see more soured debt as the trade-reliant economy takes a hit from U.S.-China tensions.
— Yahoo News
See here for more of today’s Singapore morning news
Thailand morning news
Compiled by John Le Fevre @photo_journ
Oath ‘fix’ tipped for today
Prime Minister Prayut Chan-o-cha is due to lead the cabinet in receiving a message from His Majesty the King at Government House on Tuesday, in an event believed to be linked with the recent controversy over the swearing-in of the cabinet, according to an internal formal schedule circulated on Monday.
— Bangkok Post
Finance Ministry plans e-commerce tax next year
The Finance Ministry expects to introduce a value-added-tax on electronic businesses next year, aiming to collect between 3 billion to 4 billion baht a year, a ministry official said on Monday, tapping a boom in e-commerce in the country.
— Bangkok Post
Billionaire mulls what may be Thailand’s largest IPO in 2019
Asset World Corp will start gauging foreign investor demand for what could be one of Thailand’s biggest initial public offerings this year after the nation’s securities regulator approved the sale, according to people familiar with the matter.
— Bangkok Post
See here for more of today’s Thailand morning news
Vietnam morning news
Compiled by Sreypov Men @MenSreypov
Vietnam looks to lead ASEAN in IP protection and development by 2030
The Vietnamese government expects the exploitation and commercialization of IP will be valued and promoted with 8-10 percent of registered IPs to be put into practice.
— The Hanoitimes
EVN sells 7.5% stake of its financial arm for $10 million
Vietnam Electricity (EVN) has sold 16.25 million shares of its financial arm EVN Finance Joint Stock Company (EVN Finance) for more than VNĐ219 billion (US$9.6 million) in an auction on the Hà Nội Stock Exchange on Friday.
— Viet Nam News
Ministry to propose credit package to help car companies drive forward
Việt Nam’s automobile industry is entering a golden period despite the car ownership rate per population is still low in comparison with other countries in the region.
— Viet Nam News
See here for more of today’s Vietnam morning news
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