Asean morning news for October 25

Asean morning news for October 25
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Asean morning newsAsean morning news

Compiled by Stella-maris Ewudolu         @stmarisewudolu


Singapore remains 2nd best place to do business amid slowing pace of reforms in the region: World Bank Group
Singapore has retained its place as second best on a World Bank ranking for the world’s easiest place to do business even as the overall pace of reforms in the East Asia and Pacific region slows.
— The Business Times

Turning to Asean won’t alleviate palm oil ban
ASEAN is unlikely to be a successful platform in resolving the palm oil trade skirmish between Malaysia and India as the former stands to lose from the measure, said analysts.
— The Malaysian Reserve

Seminar urges EU to increase presence through activities in East Sea
The European Union (EU) was urged to increase its regional presence with a focus on trade, connectivity and maritime security and safety as navigation in the East Sea is an important artery of the world trade and essential to the bloc, as heard a seminar in Brussels on October 22.

Japan’s Credit Saison launches $55m fund for Southeast Asia, India
Japanese consumer finance company Credit Saison has launched Saison Capital, its international corporate venture capital arm with an initial allocation of up to US$55 million for equity investments in early-stage startups in Southeast Asia and India.
— Tech in Asia

Asean outlook on the Indo-Pacific – time for action
As officials gather in Bangkok ahead of the 35th Asean summit next week, it’s a good time to ask what will be done to breathe life into the principles laid out in its document on the Indo-Pacific that was unveiled this year.
— The Straits Times (paywall)

Malaysia to host Asean Digital Ministers’ meeting next year
Communications and Multimedia Minister Gobind Singh Deo today announced that Malaysia will host the Asean Digital Ministers’ meeting next year.
— The Edge Markets

Southeast Asia’s internet economy hits $100 billion
The internet economies in Malaysia, Thailand, Singapore and the Philippines are growing by between 20% and 30% annually, with no signs of slowing down, according to Google and Temasek multi-year research program.
— Thailand Business News

S. Korea, ASEAN culture ministers vow to expand cooperation in culture
Culture ministers of South Korea and 10 Southeast Asian nations on Thursday vowed to promote cultural diversity and discover creative content for the future generation in the regions.
— Yonhap News Agency

Vietnam endorses ASEAN-Russia cooperation: Ambassador
Vietnam always welcomes and supports the intensification of ASEAN-Russia cooperative relations, and appreciates Russia’s important role in maintaining regional peace and stability, said Vietnamese Ambassador to Russia Ngo Duc Manh on October 23.
— Vietnamplus

Fintech firms ask regulators for more openness to develop Southeast Asia market
The challenge facing many fintech players is that the regulators they deal with are not open enough, thus hindering their growth and expansion plans.
— Tech in Asia

‘Embracing Taiwan’ campaign to be aired in Philippines, Vietnam, India, Thailand
Four tailor-made television shows promoting Taiwan and co-produced by the Taiwan government and TV stations in four Asian countries will be aired in their respective countries next month with the aim to enhance people-to-people ties, the Ministry of Foreign Affairs (MOFA) said Tuesday.

Young Talent Forum Promotes University Exchanges Between China, South And Southeast Asia
An international forum held in Kunming, capital of southwest China’s Yunnan Province, brought together young experts and academics from 11 south and southeast Asian countries.
— Urdupoint

In about 4 yrs: Retail payments across Asean via mobile numbers
OVER the next four years or so, Singapore will work with other Asean countries to link up their real-time payment systems to enable small retail payments using just mobile numbers, with the link-up between Singapore and Thailand expected to be completed by the middle of next.
— The Business Times (paywall)

ASEAN, South Korea ‘important’ for one another
Fine print: Joo Nak-young, mayor of Gyeongju, delivers his welcoming remarks for the ASEAN-Korea Train participants at the Bulguksa Temple in Gyeongju, South Korea, on Oct. 16.
— The Jakarta Post

ASEAN-Korea summit to offer bilateral culinary culture
On Nov. 25 and 26, leaders of Korea and the Association of Southeast Asian Nations (ASEAN) will flock to the Korean port city of Busan for the ASEAN-Korea Commemorative Summit to mark the 30th anniversary of the partnership between the two sides.
— The Korea Times

70 electrical engineers receive ASEAN professional certification
The Vietnam Union of Science and Technology Associations (VUSTA) yesterday cooperated with the Vietnam Electrical Engineering Association (VEEA), the ASEAN Federation of Engineering Organizations (AFEO) to deliver this year’s certificates of ASEAN Professional Engineer and Expert for 70 engineers and 29 specialists from the Ho Chi Minh City Power Corporation (EVNHCMC).

FIFA World Rankings: Vietnam, Thailand rise while Indonesia, India slip; Japan close gap on Iran at the top
Vietnam and Thailand have improved their positions in the latest edition of the FIFA World Rankings while Japan have closed down the gap on Asian No.1 IR Iran.
— FOX Sports

Here’s how global businesses could drive sustainable development
Fintech has not only been touted as a lucrative venture but also a means to bridge the gaps in efficiency and accessibility of financial services.
— e27

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Cambodia morning newsCambodia morning news

Compiled by Raksmey Khoem          @raksmey.aecnews


Cambodia’s ranking in WB index drops once again
The latest release of the World Bank’s ease of doing business index puts Cambodia in the 144th spot out of 190 countries, a drop of six places from a year ago.
— Khmer Times

China to provide $84M grant to strengthen Kingdom’s military
China will grant the Kingdom 600 million yuan ($84 million) as it continues to support the strengthening of the Cambodian military, Minister of National Defence Tea Banh said on Wednesday.
— The Phnom Penh Post

Cambodia sees success in conserving rare Mekong river dolphins: conservationist group
Cambodia has seen success in conserving the Mekong’s critically endangered river dolphins, said a World Wildlife Fund (WWF)-Cambodia’s statement on Thursday.
— Xinhua

See here for more of today’s Cambodia morning news

Indonesia morning newsIndonesia morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews


Indonesia remains at 73rd in World Bank’s Ease of Doing Business rankings
Indonesia’s ranking in the World Bank’s Ease of Doing Business (EODB) index has remained stagnant at 73rd despite efforts to attract investment by removing unfriendly regulations.
— The Jakarta Post

BI cuts rate for fourth consecutive month, cites need to boost economy
Bank Indonesia (BI) has cut the nation’s benchmark interest rate for the fourth month in a row to the lowest level in 17 months, citing the need to stoke economic growth amid rising global risks.
— The Jakarta Post

Jokowi’s Palapa Ring sees Indonesia fully digitally connected
Indonesia has officially inaugurated its ‘Palapa Ring’ Internet superhighway connecting the capitals of 514 districts and cities across Indonesia.
— AEC News Today

See here for more of today’s Indonesia morning news


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Lao PDR morning newsLao PDR morning news

Compiled by Raksmey Khoem         @raksmey.aecnews


Lao, European business chambers launch child labour free certification service
Vice President of LNCCI and President of the Association of the Lao Garment Industry, Dr Xaybandith Rasphone, ECCIL President Mr Arnaud Caulier, and Hi-Tech Lao Apparel Co., Ltd. Managing Director, Mr Chamlong Janetanakit. yesterday signed an agreement at the apparel company in Vientiane to launch the certification service.
— ANN/Vientiane Times (paywall)

Viettel’s subsidiary marks 10 years of operation in Laos
Star Telecom (Unitel), a joint venture between the Viettel Military Industry and Telecoms Group and Lao Asia Telecom, held a ceremony on October 23 to mark 10 years since they started offering telecommunications services in Laos.
— Vietnam Plus

Lao schools honoured with Asean Eco-School Awards
This was the third biennial Asean Eco-School Award ceremony to be held, to highlight schools showing leadership and taking action to promote environmental awareness in every aspect of education and in surrounding communities.
— ANN/Vientiane Times (paywall)

See here for more of today’s Lao morning news

Malaysia morning newsMalaysia morning news

Compiled by Sreypov Men         @MenSreypov


Malaysia ranks 12th in World Bank Doing Business 2020 report
The World Bank Doing Business 2020 Report has ranked Malaysia in 12th position amongst 190 economies worldwide, a further improvement from the 15th spot the previous year, says the International Trade and Industry Ministry.
— The Sun Daily

Miti to work with steel industry on consolidation incentive, says deputy minister
The Ministry of International Trade and Industry (Miti) will be presenting a comprehensive proposal to the Ministry of Finance (MoF) on consolidation incentives for the local steel industry, said Deputy Minister Ong Kian.
— Malay Mail

Malaysia first in Southeast Asia to get Netflix’s mobile plan
RM17 per month plan gives users access to all of streaming platform’s shows and movies.
— FMT News

See here for more of today’s Malaysia Morning News

Myanmar morning newsMyanmar morning news

Compiled by Sreypov Men         @MenSreypov


Myanmar Climbs Six Spots in World Bank Ease of Doing Business Ranking
World Bank cites five areas of improvement as Myanmar climbs six places to 165th in 2020 ease of doing business ranking.
— Irrawaddy

Myanmar’s energy prospects, emergency tenders and renewables
Katie Patterson of Myanmar Energy Monitor talks to The Myanmar Times about the impact of Myanmar’s electricity tariff hikes, next year’s blackout risks, the potential of renewables and the sector’s investment prospects
— Myanmar Times

Myanmar reaffirms commitment to work with UN in nation-building efforts
Myanmar President U Win Myint on Thursday reaffirmed the country’s commitment to work with the United Nations in nation-building efforts.

See here for more of today’s Myanmar morning news

Philippines morning newsPhilippines morning news

Compiled by Stella-maris Ewudolu         @stmarisewudolu


PH moves up 29 notches in global ease of doing business ranking
The Philippines dramatically moves up 29 notches to 95th from 124th out of 190 countries in the global ease of doing business (EODB) ranking, making it to the top three high-jumpers globally and the most improved in the Association of Southeast Asian Nations (ASEAN) both in rank and score.
— Manila Bulletin

Manila, Beijing ink 6 accords on infrastructure, trade-related projects
MANILA and Beijing on Thursday signed six accords covering infrastructure and trade-related projects, according to the Department of Finance (DOF).
— Business Mirror

Inflation for poorest slows to 0.9% in September
THE poorest Filipinos saw a reprieve from high commodity prices as they experienced slower inflation in September, according to the Philippine Statistics Authority (PSA).
— Business Mirror

See here for more of today’s Philippines morning news

Singapore morning newsSingapore morning news

Compiled by Justhine De Guzman Uy         @justhine.aecnews


Overall unemployment rate in Singapore inches up to 2.3% in Q3: MOM
The overall unemployment rate in Singapore rose slightly in the third quarter of 2019, according to preliminary figures released by the Ministry of Manpower (MOM) in its Labour Market Report on Thursday (Oct 24).
— Channel NewsAsia (very annoying popups)

Singapore keeps 2nd place for ease of doing business; China, India among most improved: World Bank
China and India made the top 10 list of governments that have done the most in the past year to improve the ease of doing business in their countries, the World Bank said.
— Straits Times (annoying popups)

LTA to extend autonomous vehicle trials to public roads in Bukit Timah, Clementi and Jurong
Autonomous vehicle (AVs) trials will be conducted on public roads in areas such as Bukit Timah, Clementi and Jurong as a part of the Land Transport Authority (LTA)’s bid to extend coverage of the trials to all of western Singapore.
— The Online Citizen

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


Thailand leaps 6 spots in ‘Ease of doing business’ ranking
Thailand moved up six places to 21st out of 190 countries in the World Bank’s 2020 ease of doing business rankings, Finance Minister Uttama Savanayana said on Thursday.
— Bangkok Post

It’s Official…the high speed rail from Bangkok to Pattaya signed into agreement today, set to be finished by 2023.
Thailand’s plans for a new $7.4 billion high-speed rail link from Bangkok to the tourist town of Pattaya got the go ahead on Thursday after months of negotiations that spilled over into public acrimony.
— The Pattaya News

Future Forward’s By-Election Defeat Reflects Trust in Prayuth, Gov’t Says
A cabinet member on Thursday hailed the pro-government coalition’s victory in yesterday’s by-election as a proof of the public’s confidence in PM Prayuth Chan-ocha’s leadership.
— Khaosod English

See here for more of today’s Thailand morning news

Vietnam morning newsVietnam morning news

Compiled by Sreypov Men         @MenSreypov


Vietnam slips further in WB’s Doing Business 2020 ranking despite scoring higher
Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.
— The Hanoitimes

Chinese ship heads away from Vietnam after disputed surveys in South China Sea
A Chinese oil survey vessel that has been embroiled in a tense standoff with Vietnamese vessels in the South China Sea left Vietnamese-controlled waters on Thursday after more than three months, marine data showed.
— Reuters

European banks eligible to own up to 49% stake in two Vietnamese peers
As the EU has strong expertise in fields of financial services and telecommunication, the EU – Vietnam Free Trade Agreement (EVFTA) would have strong impact on the future landscape of Vietnam’s finance – telecommunication markets, said an expert.
— The Hanoitimes

See here for more of today’s Vietnam morning news


About Asean morning news.

Asean morning news roundup and its individual country morning news roundups are the most comprehensive hand-curated selection of Asean English language news headlines published. Each weekday we scour hundreds of local and international news sites and websites to find the most recent Asean English language news today.

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