ASEAN WEEKLY: 25 June – 1 July 2018 – Charting Economy


ASEAN WEEKLY: 25 June – 1 July 2018


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

Highlights of the past week • Southeast Asia’s Democratic Recession • Why globalisation is a decisive factor in Indonesia’s upcoming polls • Thailand signals election could be delayed until May • Go cheque-free in Singapore? • Mahathir revives Singapore water dispute • Is the Philippine economy really ‘in the doldrums’? • Vietnam Expects Economic Boom from EU Trade Deal • Myanmar races to feed a growing Yangon • Insuring Cambodians’ future • Laos considers eVisa service • What’s Next for Vietnam-Brunei Navy Ties?


  • Southeast Asia’s Democratic Recession: An Interview with The Diplomat Read
  • China shares strategy to defeat poverty with Asean Read
  • North Korea is Asean’s problem Read
  • EY tax practitioners urge Asean to work together on tax matters Read
  • Asean pools knowledge to fight cybercrime Read
  • Data must drive preventive diplomacy in ASEAN Read
  • Perception of “ASEAN” Weak Amongst Koreans Read
  • ASEAN joins movement to beat plastic pollution Read
  • Prospects for Nuclear Power in ASEAN Read
  • Southeast Asia’s private equity firms have a secret weapon Read


  • Indonesia raises its reverse repo rate to 5.25% Read
  • Indonesia posts US$1.52b trade deficit in May on higher oil prices Read
  • Can Indonesia balance globalisation with economic populism? Read
  • Indonesia to enhance economic partnership with Tunisia: Minister Read
  • Indonesia’s June inflation seen slowing to 2.88 percent: Reuters poll Read
  • Why globalisation is a decisive factor in Indonesia’s upcoming polls Read
  • Malaysia and Indonesia pledge to build on strong bilateral ties Read
  • Indonesian Consumer Confidence down from three-year high to 157.0 Read
  • Bali Airport Reopens After Volcanic Ash Clears Read
  • Coworking businesses see high growth Read


  • Thailand signals election could be delayed until May Read
  • BOT boss warns against complacency Read
  • Thailand’s Eastern Economic Corridor – What You Need to Know Read
  • What Is Needed For Thailand 4.0 To Really Take Off? Read
  • Thailand seeks Foxconn investment as trade tensions rise between … Read
  • PM’s EU visit ‘spurs investor interest’ Read
  • Thailand’s middleman role touted Read
  • Skills shortage set to spark crisis: study Read
  • First China-Thailand joint think tank forum kicks off in Beijing Read
  • Businesses step up pace of overseas investments Read


  • Trade tension curbs Singapore bank lending in May Read
  • Singapore has the most competitive digital economy in Asia Read
  • Singapore now 4th most expensive city in the world for expats: Mercer Read
  • Mahathir revives Singapore water dispute, takes swipe at Trump Read
  • Retailers to get help for digital makeovers under new scheme Read
  • Singapore manufacturing output growth accelerates to 11.1% in May Read
  • How the gig economy can help alleviate Singapore’s talent crunch Read
  • Go cheque-free in Singapore? It’s possible Read
  • NUS, Singapore Maritime Institute set up S$18m research centre Read
  • Explained: Singapore’s Formula for A Welfare State Read


  • Mahathir revives Singapore water dispute, takes swipe at Trump Read
  • S&P Global Ratings reaffirms Malaysia’s ratings, outlook stable Read
  • How Malaysian science can improve lives as well as the economy Read
  • Malaysia to sell items seized in Najib-linked premises in 1MDB probe Read
  • Wahid says PNB’s finances are sound Read
  • Palm oil prices to decline in next two months, India demand to remain … Read
  • RAM index shows Malaysian businesses more upbeat after GE14 Read
  • Japanese firms remain confident in Malaysia’s business climate Read
  • ‘More R&D investments needed for Malaysia to compete’ Read
  • GrabPay hits Malaysia market Read


  • Is the Philippine economy really ‘in the doldrums’? Read
  • ‘Duterte Harry: Fire and Fury in Philippines’ Read
  • Diokno disputes Duterte: Economy is doing well Read
  • Philippines readies $1bn samurai bond, the first in 8 years Read
  • Philippines eyes Chinese grants to reduce poverty Read
  • Electric future for Philippine jeepneys Read
  • How the Scarborough Shoal came back to haunt China-Philippines … Read
  • Peso 2nd worst Asian currency as of June ’18 Read
  • Cryptocurrency to Fiat Transactions Remain High in the Philippines Read
  • OPINION: ‘Build, Build, Build’ ambition morphing into a folly Read


  • Global Trade Risks Cloud Vietnam’s Outlook as GDP Grows 6.8% Read
  • Vietnam Expects Economic Boom from EU Trade Deal Read
  • Vietnam Forces Facebook and Google to Pick Privacy or Growth Read
  • VAT plan would hit household welfare: VEPR Read
  • Manufacturing firms perform better in second quarter Read
  • Vietnam’s Cybersecurity Law threatens free speech and digital economy Read
  • MoT speeds up North-South expressway Read
  • Viettel urged to maintain its leading position Read
  • Cần Thơ records strong economic performance Read
  • Wholesale markets need more investment Read


  • Investors Dissatisfied With Government’s Lack of Direction on Economy Read
  • China, Myanmar to sign MOU on Economic Corridor in 2018 Read
  • Myanmar Drops in US Human Trafficking Report Read
  • Bid to boost good governance in Myanmar’s extractive industries Read
  • Myanmar races to feed a growing Yangon Read
  • Myanmar’s Brutal Military Is Convicting Its Own Soldiers of Atrocities Read
  • Cool Japan Fund invests in Myanmar media Read
  • Myanmar promises reforms, aims to develop foreign exchange market Read
  • Suu Kyi’s lies, distortions hinder intl accountability Read
  • Myanmar Democracy Activists Break Ranks With NLD Party Read


  • Cambodia builds biggest ever data centre via international deal Read
  • Interview: China plays key role in Cambodia’s energy development … Read
  • Cambodian PM now full fledged military dictator, says report Read
  • Cambodia readies first onshore bond Read
  • New port terminal opens in Cambodia Read
  • Cambodia and the European Union Read
  • ‘I really think that Cambodian food deserves a place in the world’ Read
  • World Bank backs $110 million national road upgrade Read
  • Rainsy: I will help return stolen money to Cambodian people Read
  • Insuring Cambodians’ future: Interview with AIA’s Richard Bates Read


  • Laos sees growth in non-resource sector: report Read
  • Laos torches narcotics stockpile on World Drug Day Read
  • Laos considers eVisa service Read
  • Lao Families Fear Getting Cheated by Developers of New SEZ in Champasak Province Read
  • State investment projects attract scrutiny Read
  • Laos facing structural challenges despite robust economic growth: report Read
  • Laos Scraps Restrictions on Foreign Currency Loans Read


  • Saving culture on the rise in Brunei Read
  • What’s Next for Vietnam-Brunei Navy Ties? Read
  • Focus: Destination Brunei Read
  • Envoy sees bright Brunei-US economic relations ahead Read
  • Indonesia seeks to boost trade ties with Brunei Read
  • Maersk Drilling awarded contract extension by Brunei Shell Petroleum Read


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