Asean morning news for January 16

Asean morning news for January 16
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Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Experts agree COC will take time
The South China Sea’s Code Of Conduct (COC) will likely be on the agenda at this week’s ASEAN Foreign Ministers’ Retreat, but analysts do not expect any major breakthroughs to be reached in Chiang Mai.
— The Asean Post

China’s Belt And Road Initiative Faces Obstacles in 2019
China is confronting multiple setbacks, flaws, and failures in President Xi Jinping’s ambitious overseas infrastructure project—the Belt and Road Initiative.
— Radio Free Asia

Asean cities among top 20 for ‘momentum’ in JLL index
Four Asean cities have made the top 20 list in real estate consultancy JLL’s City Momentum Index 2019, which tracks socio-economic and commercial real estate growth in 131 cities over a three-year period.
— The Business Times

Asean seeks ways to accelerate sustainable tourism development
About 200 delegates, including leaders of national tourism organisations (NTOs) of Asean members and the regional groupings partners are gathered in Vietnam’s northern Quang Ninh province to discuss, among other matters, measures to speed up sustainable tourism development.
— Khmer Times

ASEAN Tourism Forum 2019 Opens
The 38th ASEAN Tourism Forum – ATF officially kick-started on Jan. 14 in Ha Long, Viet Nam, with official meetings by NTO and ministerial delegates in full swing.
— FTN News

1st season of China-ASEAN cultural documentary released in Jakarta
The first season of a China-ASEAN cultural documentary Dan’s Way has been released, which kicked off celebrations of the China-ASEAN Year of Media Exchanges at the Jakarta Channel.
— Xinhua

ASEAN set to develop cultural tourism
During a two-day meeting of national tourism organizations of Southeast Asian countries which concluded on Tuesday in Vietnam’s northern Quang Ninh province, its delegates adopted reports on investing in tourism, developing tourism products, including cultural tourism and gastronomy tourism, and protecting heritages.
— Xinhua

ASEAN youth follow sufficiency economy philosophy
70 children from 12 different countries have joined the “3rd ASEAN Youth Representatives in Experiencing the Philosophy of Sufficiency Economy” (AY-REPSE) in Thailand.
— NBT World (video)

Asia-Pacific Parliamentary Forum annual meeting set to begin in Siem Reap
The 27th Annual Meeting of the Asia-Pacific Parliamentary Forum (APPF) officially begins on Tuesday in Siem Reap and will focus on issues on the Korean peninsula, territorial disputes in the South China Sea and human rights in Myanmar.
— The Phnom Penh Post

SRW&Co Announces Asean Global Leadership Program Recipients
Management consulting firm SRW&Co announced the names of the 2018 Asean Global Leadership Program recipients on Tuesday.
— Jakarta Globe

China tourism to Asean slowing: report
The China tourism boom is fizzling, with China visitor arrivals easing across most Asean countries in late 2018, said Maybank Kim Eng economists in a Jan 14 report. With slowing growth, a weaker yuan and waning consumer confidence, the current tourist slowdown may persist for most of 2019, they added.
— The Business Times

Digital transformation is real, say ASEAN CIOs
Digital transformation may seem like an overhyped term in enterprise technology circles today, but not to a group of ASEAN-based CIOs who have embarked on journeys to transform their organisations.


Cambodia morning newsCambodia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Economy grew 7.3 pct in 2018: Ministry
On the back of strong growth in the garment, construction and hospitality sectors, the national economy expanded by 7.3 percent last year, according to the Ministry of Economy and Finance.
— Khmer Times

Condo supply up 19 percent in Q4 2018: CBRE
The condo supply in Phnom Penh increased by nearly 19 percent in the last quarter of 2018, with 2,234 new units joining the market, according to CBRE’s latest report.
— Khmer Times

SSEZ exports valued at $372 million last year
EXPORTS from the Sihanoukville Special Economic Zone (SSEZ) were valued at $372 million last year – up 68 per cent compared to 2017 – according to a statement from the Council for the Development of Cambodia.
— The Phnom Penh Post

See here for more of today’s Cambodia morning news


Indonesia morning newsIndonesia morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Indonesia posts historic $8.57 billion deficit
Indonesia’s full-year trade balance hit a deep deficit of US$8.57 billion in 2018.
— The Jakarta Post

Indonesia`s foreign debts up 7 percent to US$372.9 billion
Indonesia`s foreign debts rose 7 percent year-on-year to US$372.9 billion as of late November 2018, according to Bank Indonesia.
— Antara News

Indonesia takes steps to trace stolen assets hidden abroad
Indonesian President Joko Widodo has revealed that after several years of delay, Indonesia and Switzerland will soon ratify a Mutual Legal Assistance agreement.
— Asia Times

See here for more of today’s Indonesia morning news


Lao PDR morning newsLao PDR morning news

Compiled by Sreypov Men          @MenSreypov

Laos, Chinese firm cooperating in clean agriculture
Lao government is cooperating with a Chinese firm on a clean agriculture development project aimed to expand trade opportunities between the two countries, local daily Vientiane Times reported on Tuesday.
— Xinhua

Mega First’s Laos turbine likely to be installed in March
Maintain outperform with an unchanged target price of RM4.74 per share: We recently had a meeting with Mega First Corp Bhd’s management and came away with some positive developments.
— The Edge Markets

Lao Wood Furniture Fair 2019 Launched
The 5th Lao Wood Furniture Fair was opened on Jan 14 to promote local manufacturers of timber, bamboo and rattan furniture, and handicraft products.

See here for more of today’s Lao morning news


Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men          @MenSreypov


Malaysian banking sector to see moderate growth this year
The Malaysian banking sector is expected to see moderate growth this year, in line with the slowdown in global gross domestic product (GDP).

Malaysia has potential to up textile exports to US
Malaysia has the potential to increase exports of textiles to the United States (US) in light of its trade war with China.
— Malay Mail

Malaysia Insists Goldman Sachs Pays Back $7.5 Billion In 1MDB Case
Malaysian Finance Minister Lim Guan Eng says his government insists on reclaiming $7.5 billion from US financial firm Goldman Sachs in reparations over the 1Malaysia Development Berhad (1MDB) scandal, adding that it was “an extremely reasonable” amount.
— Investvine

See here for more of today’s Malaysia Morning News


Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men          @MenSreypov


EU likely to impose tariffs on Myanmar this week
The European Union is likely this week to impose tariffs on rice coming from Myanmar for the next three years to curb a surge in imports, according to Reuters quoting a source familiar with the file.
— Mizzima

Myanmar delays UN refugee chief’s visit
Myanmar has postponed a planned visit by the UN refugee chief to Rakhine state following renewed fighting between security forces and insurgents, a spokesman said on Monday (Jan 14).
— Channel NewsAsia

120 Projects Worth $3B to Showcase at Invest Myanmar Summit 2019
More than 120 regional and private business projects worth a total of over $3 billion will be showcased at the upcoming Invest Myanmar Summit 2019 which aims to attract major investment from East Asia countries.
— Irrawaddy

See here for more of today’s Myanmar morning news


Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


The new Boracay: not how you remember it
The world’s most popular Asean beach of 2018 is again open for business after having undergone a six-month-long overhaul under armed military guard.
— AEC News Today (video)

NG allots P4.71 trillion for TRIP infrastructure program in next three years
The national government intends to spend some P4.71 trillion in the next three years for ongoing and new projects identified under the three-year rolling infrastructure plan (TRIP).
— Business Mirror

Remittances increased 3.1% to $26.1 billion in eleven months
Money sent home by Filipinos working overseas rose 2.8 percent in November 2018 to $2.32 billion from $2.26 billion a year earlier, the Bangko Sentral ng Pilipinas said Tuesday.

See here for more of today’s Philippines morning news


Singapore morning newsSingapore morning news

Compiled by John Le Fevre          @photo_journ


Office market’s takeup rate hit 1.59 million sqft in 2018
In 2018, the office market outperformed expectations despite a relatively lacklustre performance in Q4 as CBRE Research noted that annual take up rate hit 1.59 million sqft, which is about 25 soccer fields in size. This beat the net supply of 1.51 million sqft, whilst vacancy was reduced to 5.8% as of end 2018 from 6.1% as of end 2017.
— Singapore Business Review

Singapore’s privacy watchdog fines IHiS $750,000 and SingHealth $250,000 for data breach
The Personal Data Protection Commission meted out its largest fine to IHiS for lapses in securing patient data which resulted in the nation’s worst data breach.
— Straits Times

Singapore agencies told to exercise restraint over intrusions: Minister
Singapore has the ability to compel intruding Malaysian government vessels to leave its territorial waters, Defence Minister Ng Eng Hen said in Parliament yesterday.
— Straits Times

See here for more of today’s Singapore morning news


Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ


PM searching for haze solution
The use of more environmentally friendly B20 biodiesel and temporary school closures in critically haze-affected areas are among various proposals pitched by Prime Minister Prayut Chan-o-cha as the government ramps up efforts to tackle fine dust particles that have blanketed Bangkok.
— Bangkok Post (annoying popups)

Thailand must postpone election again, until March: Officials
Thailand’s long-delayed general election to end military rule will have to be postponed from its Feb 24 date and will likely be held in March, two officials in the Election Commission said on Tuesday (Jan 15).
— Channel NewsAsia

Toxic smog settles in for long haul
BANGKOK RESIDENTS will have to put up with smog until early March, as high levels of PM2.5 particles is expected to settle over the capital for many more weeks.
— The Nation (very annoying popups)

See here for more of today’s Thailand morning news


Vietnam morning newsVietnam morning news

Compiled by Sreypov Men          @MenSreypov


Vietnam exports to be sold via Amazon
THE VIETNAM Trade Promotion Agency under the Ministry of Industry and Trade will work with Amazon to help Vietnamese small and medium-sized enterprises (SMEs) join the firmâs e-commerce system.
— The Nation (very annoying popups)

Vietnam’s SOE reform merits closer look by Chinese investors
Following the US exit, the new version of the Trans-Pacific Partnership (TPP) may offer an opportunity for China to invest more in Vietnam’s state-owned enterprises (SOEs).
— Global Times

Funds suffer losses on poor market performance
Over the past year, most investment funds in Vietnam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices.

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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