ASEAN WEEKLY: 24-30 Sep 2018 – Charting Economy


ASEAN WEEKLY: 24-30 Sep 2018


Weekly roundup of ASEAN economic news and updates from local and international press.

Highlights of the past week • Southeast Asia Could Hit $5 Trillion Growth Mark • Indonesia central bank raises rate • Thailand’s Baht Shines as Rate Rise Beckons • 2.8 million Singaporeans to get SG Bonus in December • How big is Malaysia’s Islamic capital market? • Philippines’ Duterte boosts imports to fight inflation • Vietnam growth slows in third quarter • Five sectors driving Myanmar’s economic growth • Cambodia mulls tax as e-commerce booms • Capital of Laos Seeks Stronger Ties to China • Brunei to record 2pc GDP growth: ADB


  • Southeast Asia Could Hit $5 Trillion Growth Mark: McKinsey’s Lin Read
  • SE Asia microcosm: 2 contrasting leaders address the UN Read
  • Fed rate hike triggers immediate tightening in Southeast Asia Read
  • Looking beyond the megacities in South-east Asia Read
  • Taiwan looks to Southeast Asia to plug talent gaps Read
  • Malaysia To Set Up The First E-sports Hub In Southeast Asia Read
  • ASEAN disclosure index 2018 Read
  • US concert promoter makes major push into Southeast Asian market Read
  • Tencent & Alibaba chase remittances in battle for Southeast Asia Read
  • A glimpse of the Asean ICT landscape Read


  • Indonesia central bank raises rate a fifth time, plans tool to aid rupiah Read
  • Major quake and tsunami cause deaths in Indonesian city Read
  • Indonesia stops anti-dumping investigation on Vietnamese steel Read
  • Indonesia’s economy poised to grow at healthy pace in 2018-19: ADB Read
  • Creative economy as the vessel of Indonesia and global welfare Read
  • Indonesia`s economic diplomacy to target Latin America, East Europe Read
  • Indonesian Startups Growing Rapidly: Minister Rudiantara Read
  • Amazon planning $1.3b investment in Indonesia Read
  • Indonesia’s August motorbike sales rise 2.4 pct y/y Read
  • Could Indonesia’s mega-fires return in 2019? Read


  • In a Stormy Quarter, Thailand’s Baht Shines as Rate Rise Beckons Read
  • ADB hikes Thai GDP outlook on strong H1 Read
  • Thai–Vietnam trade expected to reach $20 bn by 2020 Read
  • New army chief takes over as Thailand prepares for return of civilian rule Read
  • MoU on digital trade and investment signed with US Read
  • BOT faces more challenges as boundaries become blurry: governor Read
  • Thailand Conglomerate Announces Automated Shop In 2019 Read
  • Thai Junta Throws Money at Poor Northeast in Bid to Stop Thaksin Read
  • BoT sees export peak this month, maintains forecast Read
  • Singapore’s Grab in talks to sell Thai unit stake to Central Group … Read


  • Strong growth in Singapore household financial assets in ’17 Read
  • Singapore and Tianjin further bolster trade ties Read
  • Singapore manufacturing growth slows again in August; 3.3% rise misses forecast Read
  • Singapore central bank expected to tighten monetary policy again in October: Reuters poll Read
  • S’pore, UK can help each other as global economy evolves Read
  • Singapore tax revenue up 6.8% to $50.2b Read
  • 8 million Singaporeans to get SG Bonus in December Read
  • How Singapore companies can support Africa’s e-commerce boom Read
  • Stripe to open engineering hub in Singapore Read
  • Microsoft, AI Singapore and NUS to develop and reinforce SG’s AI capabilities Read


  • ADB cuts Malaysia growth aim on trade woes, weak investments Read
  • Digital entrepreneurship can transform Malaysia into knowledge-based economy Read
  • Malaysian government hopeful of reducing debt within 2 years: PM Mahathir Read
  • How big is Malaysia’s Islamic capital market? Read
  • Malaysia races against Thailand to become first in Asia to allow medical pot Read
  • A Guide to Investing in Malaysia Read
  • A Political Comeback at 93 Read
  • Malaysia: Insurance players urged to consolidate Read
  • M’sians urged to invest in Kyrgyzstan’s infra Read
  • Malaysia ex-PM’s wife quizzed for almost 13 hours in graft probe Read


  • IMF: Philippine economy ‘facing new challenges’ Read
  • World Bank pitches ways to boost Philippine economic growth Read
  • ADB slashes growth forecasts for Philippine economy as inflation bites Read
  • Lessons from the boom-bust martial law economy Read
  • World in ‘deep kimchi’ if trade war lasts: Philippines finance chief Read
  • Philippines’ Duterte boosts imports to fight inflation Read
  • The Philippines Regresses Read
  • Philippines to miss inflation target for 2018 —economists Read
  • Philippines posts 15 percent drop in cash remittance from Middle East Read
  • What is the real cause of inflation? Read


  • Vietnam growth slows in third quarter Read
  • ADB lowers Vietnam’s 2018 economic growth forecast to 6.9 pct Read
  • Vietnam prime minister says 2018 GDP growth likely at 7 percent Read
  • Vietnam increases domestic participation in international schools Read
  • Prime Minister meets leading US firms Read
  • Thai–Vietnam trade expected to reach $20 bn by 2020 Read
  • More than 96600 new firms in nine months Read
  • Real estate collateral at 10 banks worth $170 billion Read
  • Why Vietnam is such a magnet for baht Read
  • MPI to submit plan on sharing economy Read


  • Telecommunications sector a bright spot for economy in 2018-19 Read
  • The grand plan for the China-Myanmar Economic Corridor Read
  • Five sectors driving Myanmar’s economic growth in 2018-19 Read
  • How Aung San Suu Kyi Lost Her Way Read
  • Japan hopes US companies to invest in Thilawa SEZ Read
  • MPs call for restructuring of loss-making SOEs Read
  • When monks defied the generals Read
  • Yoma to finance MSP’s $7m heavy equipment rental Read
  • Canada’s Parliament Moves to Strip Honor for Myanmar’s Leader Read
  • Poachers are killing Myanmar’s elephants in increasing numbers Read


  • ADB retains forecast of 7 pct economic growth for Cambodia this year Read
  • Boao Forum to further bolster Cambodia-China relations Read
  • Cambodia Securities Exchange seeks to lure foreign investors Read
  • Kingdom mulls tax as e-commerce booms Read
  • Cambodia Update – Sophistication and Increase of Trademark Filings Read
  • US, EU must tread carefully over Cambodia Read
  • Work permits double in 2018 Read
  • Cambodia very attractive to Belgium firms Read
  • UN warns of ‘climate of fear’ in Cambodia Read
  • Cambodia to open embassy in Turkey Read


  • Capital of Laos Seeks Stronger Ties to China Read
  • Construction of Laos’ National Road 11 to begin this year Read
  • Chinese railway engineering firms hand over 4 bridges to Laos Read
  • Around the region: Forum brings RI firms closer to Laos Read
  • Laos to hold state mourning for Vietnamese President Read
  • Laos not to face serious food shortages but temporary difficulties: minister Read
  • Two of Laos’ least developed towns to benefit from ADB grant Read


  • Brunei to record 2pc GDP growth: ADB Read
  • Brunei ranks higher in latest UN human development index Read
  • Experts praise SMARTER Brunei Read
  • Vast potential for Brunei as tourist destination Read
  • Brunei startup company owner talks about success, struggle in his … Read
  • Brunei has 2nd cleanest urban air quality Read


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