Asean morning news
Compiled by Stella-maris Ewudolu @stmarisewudolu
Fears of military build-up as China secretly leases entire island in Solomons
he government of the Solomon Islands has reached a secretive deal with a Chinese company with close ties to the Communist party that grants it exclusive rights to develop Tulagi, once the seat of British colonial rule in the Pacific archipelago.
— The Telegraph
‘ASEAN Way’ key to solving South China Sea conflicts
The South China Sea (SCS) issue has been a bottleneck for ASEAN-China cooperation, a cause of strain in the unity of the Association of Southeast Asian Nations, and a reason for allegations and geopolitical conspiracies.
— Asia Times
Malaysia needs to be ready for the worst in South China Sea: foreign minister
Malaysia needs to boost its naval capabilities to prepare for possible conflict in the South China Sea, its foreign minister said on Thursday, even as Southeast Asia’s third-largest economy pursues non-militarization of the disputed waterway.
— Reuters
Southeast Asia’s mobile payments face shakeout as market booms
Just next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.
— Reuters
‘Barbaric’ snares are wiping out Southeast Asia’s wild animals
Across Southeast Asia, wild animals are being hunted out of existence to feed growing demand for bushmeat, according to conservationists.
— CNN
S. Korean, ASEAN officials look ahead to special summit and stronger regional ties
Ahead of the highly anticipated summit in Busan next month between the leaders of South Korea and the Association of Southeast Asian Nations, top officials from participating countries gathered in the southern port city Wednesday and voiced high expectations for the future of the relationship between South Korea and the ASEAN nations.
— The Korea Herald
Government accelerates Indonesia-Malaysia-Thailand growth triangle development
The Prime Minister has urged all agencies to support the development of the Indonesia-Malaysia-Thailand Growth Triangle (IMG-GT) through customs integration, agricultural cooperation, tourism, and Halal products.
— Newsline (video)
Mastercard Joins ASEAN Fintech Platform
Southeast Asia’s fintech community has been given a boost with Mastercard joining the ASEAN Financial Innovation Network (AFIN) as the platform’s second corporate founding member, the two parties announced in a press release on Thursday.
— Finews.asia
Asean stands to gain from falling PE valuations: report
WITH China’s private equity (PE) activity likely to remain subdued amid ongoing trade tensions, South-east Asian countries such as Vietnam stand to benefit as valuations fall, according to a report released Oct 17 by law firm Dechert in association with Mergermarket.
— The Business Times
Philippines hosts first ASEAN-family business confab
The ASEAN-Business Advisory Council Philippines (ASEAN-BAC Ph) is teaming up with Go Negosyo and knowledge partner Singapore Management University (SMU) to bring the first-ever ASEAN Family Business Conference in the country on Oct. 21 at Dusit Thani Hotel, Makati City.
— The Philippine Star
Solving common business problems through the power of digitalisation
With today’s growing consumer demands, digital transformation operates at the center of every business solution geared towards solving problems from different areas: whether we’re talking about a company’s cash flow management in its internal operations, or providing customers easier access to certain products and services via digital platforms.
— e27
Online marketplaces unlock export opportunities in ASEAN
Austrade’s new E-commerce in ASEAN: A guide for Australian business report provides a snapshot of the e-commerce market in seven ASEAN countries – Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam – to help Australian exporters compare each market and identify which to target.
— Mirage News
Report: Southeast Asia’s Growing Internet Economy Is Driving Fintech Adoption
Report: Southeast Asia’s Growing Internet Economy Is Driving Fintech Adoption
Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones.
— Crowdfund Insider
Ecommerce, ride-hailing fastest-growing sectors in SEA, Indonesia
Earlier this month, Google, Temasek, and consulting firm Bain & Company released the fourth edition of the e-Conomy SEA 2019 report.
— Tech in Asia
Cambodia morning news
Compiled by Raksmey Khoem @raksmey.aecnews
Cambodian youth group to launch a ‘trash-free’ campaign in the capital city
The campaign, which has received endorsement from Phnom Penh Municipal Governor Khuong Sreng, will target Khan Chamkarmon, said San Dara, the founder of “Rubbish Youths.”
— Themy Themy
Former RFA Reporters in Cambodia Appeal Court’s Decision to Reinvestigate Their Case
Two former Radio Free Asia reporters charged in Cambodia with espionage and the production of pornography have appealed a court’s decision on Oct. 3 to reinvestigate their case, saying the continued delays in reaching a verdict in their trial have left them stressed and unable to work.
— RFA
Stung Treng court urged to apply press law over libel suit against reporter
The Union of Journalist Federations of Cambodia (UJFC) on Wednesday called on the Stung Treng Provincial Court to apply the Press Law in a case involving a Ratanakkiri province parliamentarian and a TV journalist.
— The Phnom Penh Post
See here for more of today’s Cambodia morning news
Indonesia morning news
Compiled by Justhine De Guzman Uy @justhine.aecnews
By Default, New KPK Law Comes Into Effect Today: Minister
The heavily amended Corruption Eradication Commission Law will come into effect by default on Wednesday, 30 days after it was passed by the House of Representatives, a minister has said.
— Jakarta Globe
Indonesia jumps six spots to 68th in global economic openness index
Indonesia has risen six places over the last decade to be ranked 68th out of 170 countries in the Global Index of Economic Openness as shown in a recent study by a London-based think-tank the Legatum Institute.
— The Jakarta Post
Disciplinary hearing held for five policemen for students’ shooting
Southeast Sulawesi’s Police held a disciplinary hearing for five of its personnel on Thursday for alleged breaching of operating procedures while policing a student rally that resulted in the deaths of two of its participants.
— Antara News
See here for more of today’s Indonesia morning news
Lao PDR morning news
Compiled by Raksmey Khoem @raksmey.aecnews
Lao gov’t gives green light to PetroTrade for Laos-Vietnam railway development
The Ministry of Planning and Investment, on behalf of the government, and PetroTrade signed an MOU in Vientiane on Tuesday to study and complete a detailed design of the railway.
— ANN/Vientiane Times
Lao business leaders embark on Japanese management programme
The Japanese-developed keiei-juku training initiative is a specialised management skill development programme for the top management of enterprises.
— ANN/Vientiane Times
Asean students gather to share arts and culture
The 17th Asean and 7th Asean Plus Three Youth Culture Forum is taking place at the National University of Laos in Vientiane from October 13-18.
— ANN/Vientiane Times
See here for more of today’s Lao morning news
Malaysia morning news
Compiled by Sreypov Men @MenSreypov
Second flying car with new technology in Q3 next year – MED Minister
The country’s second flying car using a different technology from the first car could perform its inaugural flight in the third quarter of next year, Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof said.
— The Borneo Post
AirAsia Group tells airport operator to urgently fix long klia2 immigration lines
Malaysia Airports Holdings Berhad (MAHB) must immediately address the worsening congestion at immigration counters in klia2, said low-cost carrier AirAsia Malaysia and its long-haul counterpart AirAsia X Malaysia.
— Malay Mail
Malaysia working to clear hundreds of plastic waste shipments at ports: officials
Malaysia is negotiating with countries sending their plastic waste to the Southeast Asian nation to take back the trash and is waiving storage fees to clear hundreds of containers of scrap stranded at ports across the country for months, officials say.
— The Japan Times
See here for more of today’s Malaysia Morning News
Myanmar morning news
Compiled by Sreypov Men @MenSreypov
Transport and communications sector stands fourth on FDI list
During 31 years, the total FDI inflow into the transport and communications sector reached nearly 11 billion US dollars, standing at 4th place among 12 economic sectors, according to the figures released by the Directorate of Investment and Company Administration (DICA).
— Eleven Myanmar
Myanmar economy to grow by 6.6% in 2020: World Bank
The Myanmar economy is projected to grow by 6.6 percent in 2020, according to the World Bank, a tad higher than its 6.5pc projection for this year.
— Myanmar Times
Myanmar fails to find a sustainable solution to the Rohingyas crisis
The United Nations (UN) on Wed recognized the international community’s failure to influence the Union of Burma in taking back the Rohingyas and notice a property resolution to the Rohingya crisis.
— A industry news today
See here for more of today’s Myanmar morning news
Philippines morning news
Compiled by Stella-maris Ewudolu @stmarisewudolu
Quake kills 6, injures dozens
The strong and shallow quake that jolted several provinces in Mindanao left at least six people dead and injured 53 others, authorities said.
— Manila Times
Hot money net outflow eases to $232 million in September
SHORT-TERM investments made by foreign investors in the local market continued to indicate negative or risk-averse sentiment toward the local economic prospects, as it remained in the net outflow territory in September.
— Business Mirror
China offers funds for digital infra projects in PH
China is offering financing for digital infrastructure projects in the Philippines as its second stage of investments in the country as a follow up to the hard infrastructure investments they are investing in countries that are part of the Belt and Road Initiative.
— Manila Bulletin
See here for more of today’s Philippines morning news
Singapore morning news
Compiled by Justhine De Guzman Uy @justhine.aecnews
Singapore’s exports down 8.1% in September in 7th straight month of decline
Singapore’s exports shrank for the seventh straight month in September, hurt largely by a sharp fall in electronic shipments, official data showed on Thursday (Oct 17).
— Channel NewsAsia (very annoying popups)
Singapore researchers create world’s largest Asian genetic databank
Researchers in Singapore have created the world’s largest genetic databank of Asian populations, which could help scientists and doctors better diagnose rare diseases, find the causes of chronic ailments and help us better understand the country’s history.
— Straits Times (annoying popups)
Up to four 5G networks being planned to secure Singapore’s digital future
Singapore has set its sights on up to four 5G networks, instead of the two initially planned for, as the authorities take bolder steps to spearhead developments believed to be crucial to the nation’s economic growth.
— The Straits Times
See here for more of today’s Singapore morning news
Thailand morning news
Compiled by John Le Fevre @photo_journ
Couple facing the death penalty after Wednesday’s huge money laundering bust near Bangkok
A prosperous Thai couple were left facing a grim future on Wednesday after Narcotics Suppression Police smashed their ฿1 billion per annum money laundering network.
— ThaiExaminer.com
Dept pledges action over elephant deaths
A conservationist has ended his hunger strike after the Department of National Parks, Wildlife and Plant Conservation promised to meet this month to find a solution to the safety problem faced by wild elephants.
— Bangkok Post
Thai child trafficker sentenced to record 374 years in jail
A Thai trafficker was sentenced to a record 374 years in jail for child trafficking in a ruling that lawyers say will send a deterrent to other criminals.
— CNA
See here for more of today’s Thailand morning news
Vietnam morning news
Compiled by Sreypov Men @MenSreypov
Vietnam to get Japan’s first exported Earth observation satellite as part of disaster prevention initiative
A Japan-developed weather satellite will be exported to Vietnam under a Japanese public-private initiative, it was learned Wednesday.
— The Japan Times
57% of Vietnamese consume excessive salt, alcohol
Low intake of vegetables and excessive consumption of salt and alcohol have been registered among as many as 57% of Vietnamese population while the rates of stunting and wasting in Vietnamese children is much higher than those of other countries.
— The Hanoitimes
Vietnam credit slowdown raises concern about bank loan access
Vietnam’s credit growth is slowing and may fall behind the central bank’s target of 14 per cent for this year, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.
— The Phnom Penh Post
See here for more of today’s Vietnam morning news
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Asean morning news for October 18 added by Digital Editor on
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