Asean morning news for May 8

Asean morning news for May 8
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Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


ASEAN, UN review cooperation until 2020
ASEAN ambassadors and UN officials have sat down to examine the two organisations’ joint projects and cooperation activities within their Plan of Action for 2016-2020.
— Vietnamplus

To Cut or Hold: Southeast Asia Central Banks Face Busy Week
Southeast Asia’s central banks are taking a hard look at interest-rate cuts as global monetary policy turns more dovish, with Malaysia first in line with a possible move as soon as Tuesday.
— Bloomberg

Still “time” left to “appropriately revise” proposed POFMA: ASEAN Parliamentarians for Human Rights
There is still time to “appropriately revise” the Protection against Online Falsehoods and Manipulation Bill before its Second Reading in Parliament this week to ensure that the proposed Act is passed in accordance with international law, said the ASEAN Parliamentarians for Human Rights (APHR) in Jakarta on Tue (7 May).

Peace not on horizon in Asean’s fishing wars
Indonesia’s decision to sink a dozen fishing boats on Saturday is a reminder for Asean that illegal fishing is a serious region problem that requires concrete solutions, not more meetings and lip service.
— The Nation

Asean Marine, Aviation and Goods in Transit insurance
Asean insurers offering cross-border Marine, Aviation and Goods in Transit (MAT) insurance have been identified as servicing one of the three lines of insurance important to the development of Asean economies under the Asean Insurance Integration Framework (AIIF).
— Business Mirror

Asean needs inclusive social security
Should Thai people working in other Asean countries continue being part of the Thai social security system so they can enjoy the benefits, especially the pension, when they return home?
— Bangkok Post

Full trade war could cut Asia growth by 2pp through 2020: economists
A FULL-FLEDGED trade war between the United States and China could take Asia’s average gross domestic product growth 2 percentage points lower on a cumulative basis through 2020, “even with easier monetary and fiscal policies”, Deutsche Bank Asia economists said in a May 6 note.
— The Business Times

New dawn breaking for SE Asian energy deals
As oil prices fluctuate and markets brace for the impact of the end of a US sanctions waiver on fuel purchases from Iran, Asia’s energy companies are making deals closer to home as bigger global players pull away from the region.
— Asia Times

Vietnam’s tra fish export to ASEAN rises 18 pct in Q1
Vietnam gained nearly 55.2 million U.S. dollars from exporting tra fish or shark catfish, a common kind of catfish, to other members of the Association of Southeast Asian Nations (ASEAN) in the first quarter of this year, witnessing a year-on-year increase of 18 percent.
— Xinhuanet

More tourists head for Vietnam
Vietnam clocked up close to 6 million visits in the first four months of the year encouraging officials to believe the country could welcome around 18 million visits by the end of 2019.
— TTR Weekly

ASEAN schools review studies on agriculture
Academic executives from six leading agricultural universities in Indonesia, Malaysia, the Philippines, and Thailand were convened by the Philippine government-hosted Southeast Asian Regional Center for Graduate Study and Research in Agriculture to revisit the status of curricula and research programs on pasture and forage crops at its headquarters here.

ASEAN wants to go electric
The first image that usually springs to mind when someone mentions any Southeast Asian capital is congested roads filled with honking cars and motorcycles.
— The Asean Post

Training program launched to bolster Lancang-Mekong Cooperation
Thirty-five participants from six Lancang-Mekong Cooperation (LMC) countries are attending a week-long training program in Kunming, capital of southwest China’s Yunnan Province.
— Global Times

Entrepreneurs keen to enjoy the many benefits they will enjoy as part of Malaysian Global Innovation & Creativity Centre’s (MaGIC) signature Global Accelerator Programme (GAP) have only till Fri, May 10th to submit their applications!

Registration for the Silk Road Esports Tournament opens, Honor of Kings set as the main competition title
FEG has announced the official launch of Silk Road Esports Tournament, an Honor of Kings themed international event, which is supported by the China Culture & Entertainment Industry Association and jointly hosted by Tencent and FEG.
— Cision PR Newswire (media release)

Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital era
Fintech continues to be among the biggest topics driving startups and investment in Southeast Asia.
— TechCrunch

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Cambodia morning newsCambodia morning news

Compiled by Piseth Pov          @piseth6666


World Bank Warns Cambodia Could Lose Big If Europe Trade Benefits Withdrawn
Cambodia could lose as much as $600 million if the European Union decides to suspend it from a lucrative preferential trade scheme over human rights concerns, the World Bank has estimated.
— VOA Cambodia

Cambodia’s sanctuaries under threat
Cambodia’s Beng Per Wildlife Sanctuary is symbolic of the country’s poor forestry management. Around 2,000 square kilometres (sq km) – around three times the size of Singapore – is lost to illegal logging in Cambodia every year where wildlife sanctuaries – despite their name – are not spared.
— The Asean Post

SPCKK: Cambodia may face salt shortage again this year
Cambodia may face a salt shortage again this year, as harvests yielded little more than 30 per cent of the total local demand, Salt Producers Community of Kampot-Kep (SPCKK) technical chief Bun Narin said.
— The Phnom Penh Post

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Piseth Pov          @piseth6666


Government steps in to force lower Indonesia airfares
The Indonesian government is stepping in to cap domestic airfares after two ministerial directives and a call from the President failed to see airlines lower ticket costs.
— AEC News Today

Indonesia to cap foreign ownership in electronic trading platforms
Indonesia will limit foreign ownership of providers of electronic trading platforms for foreign exchange and money markets, a central bank official said on Tuesday, as part of its broader plans to improve market management.
— Reuters

Rupiah estimated to weaken following release of economic growth data
The exchange rate of the rupiah, traded in the interbank market in Jakarta, Tuesday, is estimated to go down following the release of economic growth data for the first quarter of 2019.
— Antara News

See here for more of today’s Indonesia morning news


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Lao PDR morning newsLao PDR morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Laos, U.S. Partner For Sustainable Health Security
Dr. Robert Pope, Director, Cooperative Threat Reduction (CTR), Defense Threat Reduction Agency (DTRA), met in Vientiane on May 2-3 with counterparts in the Lao government and military, as well as representatives of the World Health Organization (WHO), to review the positive results from Lao-U.S. cooperative health security programmes.

Where Did the Koreans Go?
“S. Korea visitor numbers down 32 percent in Q1” blared a 6 May headline in the Vientiane Times. That’s a major plummet by anyone’s standards, and the government is struggling to uncover the reason behind its fourth largest market taking a major dive.
— WeAre Lao

Laos: Bananas are top agricultural export
Bananas are expected to be Laos’ leading agricultural export in 2019 despite the Lao government banning the expansion of plantations around the country.
— Fresh Plaza

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men           @MenSreypov


Finance minister: Malaysia embracing digital technology in bid to become high-income nation
Finance Minister Lim Guan Eng said Malaysia is embracing digital technology especially 5G as a launching pad to become a high-income nation.
— Malay Mail

Malaysia: Almost €4 million allocated to strengthen Sarawak durian industry
As part of the government’s crop diversification programme, a sum of RM18 million (€3.88 mln) has been set aside this year to further develop and strengthen Sarawak’s durian industry.
— Fresh Plaza

Rating agencies confident Malaysia can reach fiscal targets
The international rating agencies are confident Malaysia will meet its fiscal targets, particularly the 3.4% fiscal deficit to GDP ratio this year, the Finance Ministy said in a statement.
— The Star Online

See here for more of today’s Malaysia Morning News

Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men           @MenSreypov

Journalists reunited with families after 500 days in Myanmar prison
Two journalists jailed in Myanmar for breaking state-secrets laws while investigating a Rohingya massacre have been reunited with their families after spending more than 500 days behind bars.
— Sky News

Myanmar to release 6,500 prisoners in amnesty
Some 6,520 prisoners in Myanmar will be set free from prison doors today as President Win Myint pardons inmates as a customary around the time of its New Year ‘s day on April 17.
— FMT News

Govt to invite investors for poppy-substitute efforts
The parliament was to discuss incentives that would entice private companies in poppy-substitute projects in the country in a bid to help reduce, if not eradicate the drug menace, a member of the parliament said.
— Myanmar Times

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu          @stmarisewudolu


Inflation eases to 16-month low of 3%
Inflation rate in April eased to a 16-month low of 3 percent from 3.3 percent in March, prompting economists to believe that the Bangko Sentral ng Pilipinas may consider cutting the benchmark interest rates in its policy meeting Thursday.

Government debt bloats to all-time high of P7.8T
The national government’s debt pile jumped to another all-time high of P7.802 trillion as of end-March due to currency adjustments and the net issuance of government securities, according to the Bureau of the Treasury.
— The Philippine Star

Writ of kalikasan presses gov’t to prove it has been protecting West PH Sea – analyst
The writ of kalikasan the Supreme Court issued will push the Duterte administration to prove what it has done to protect and preserve the Philippines’ marine environment in its exclusive economic zone, an analyst said Tuesday.
— ABS-CBN News

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Piseth Pov          @piseth6666


Singapore says it’s studying whether to allow digital-only banks
Singapore is discussing the possibility of allowing virtual banks to operate in the city state, the Monetary Authority of Singapore said Tuesday.
— The Edge Singapore

Singapore opposition echoes public calls to scrap proposed fake news law
Singapore’s lone opposition party, which only holds six of 89 seats in parliament, will oppose a controversial fake news bill, its leader said on Tuesday, echoing public calls for its withdrawal but unable to make any difference.
— Reuters

Singapore Fills Coffers With Nearly $1 Billion on Casino Visits
Higher entrance levies haven’t stopped rich Singaporeans or those just feeling lucky from flocking to the country’s only two casinos.
— Bloomberg

See here for more of today’s Singapore morning news


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Thailand morning newsThailand morning news

Compiled by John Le Fevre          @photo_journ


EC announces election results in 349 constituencies
More than six weeks after Thailand held one of its most important general elections, the Election Commission today finally announced its official results for 349 constituencies and nationwide and endorsed…
— Thai PBS News

Palang Pracharat confident it can form majority coalition
The Palang Pracharat party is confident it will be able to muster more than 250 MPs to form a majority coalition government after the Election Commission today announced the official…
— Thai PBS News

China, Japan to join EEC smart city plan
The Eastern Economic Corridor (EEC) smart city initiative is likely to be the second development project involving collaboration with China and Japan, following the high-speed rail network linking the…
— Bangkok Post

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men           @MenSreypov


Vietnam’s Transfer Pricing Regulations – Compliance Strategies
Vietnam’s transfer pricing regulations under Decree No. 20/2017/ND-CP (“Decree 20”) became effective in May 2017 and outline all relevant aspects of the transfer pricing compliance process. Foreign investors should consider the following when creating a compliance strategy for transfer pricing in the country.
— Vietnam Briefing

Vietnam: Fruit & vegetable export increases in first 4 months of 2019
Vietnam earned nearly US$1.4 billion from exporting fruits and vegetables in the first four months of this year, up 5.5 percent on-year. Of course, China has been the largest importer, the Vietnamese Ministry of Agriculture and Rural Development said on Monday.
— Fresh Plaza

Vietnam Airlines to pay $63.9 million cash dividend
National flag carrier Vietnam Airlines, listed under code HVN, plans to pay cash dividends for 2018 at the rate of 10 per cent of charter capital, estimated at VNĐ1.49 trillion (US$63.9 million).
— Viet Nam News

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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