ASEAN WEEKLY: 30 July – 5 Aug 2018 – Charting Economy


ASEAN WEEKLY: 30 July – 5 Aug 2018


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

Highlights of the past week • ASEAN foreign ministers meet in Singapore • Women-led SMEs in Indonesia • Re-education of Thai low-skilled workers • Are Singapore businesses just not creative enough? • Shake-up in Malaysia’s government funds • Continued dollar outflows for Philippines • Vietnam’s MA activities expected to reach record levels in 2018 • Why Myanmar is concerned about Chinese investment • Top tips for investing in Cambodia • Laos dam collapse • Brunei records 2.5% GDP growth in Q1 2018


  • ASEAN-plus-3 vow to boost economic ties, tackle trade protectionism Read
  • US pledges $300 million in security funding for ASEAN nations Read
  • China scores with Asean play as Trump’s America loses its way in … Read
  • Asean response centre at the ready for multiple crises Read
  • Singapore’s UOB to launch digital bank in ASEAN countries Read
  • ASEAN foreign ministers meet in Singapore Read
  • Return of Mahathir Mohamad to Asean may put a third power in the … Read
  • Asean can be resilient by staying united, says Vivian Read
  • Don’t let Thai junta chief chair Asean next year Read
  • ASEAN at Inflection Point Read


  • US-China Trade War Presents Opportunity for Indonesia Read
  • Unleashing the capabilities of women-led SMEs in Indonesia Read
  • For Economic Growth, Indonesia Should Further Gender Equality … Read
  • ABB commits to support Indonesia’s digital economy Read
  • Indonesia pushes biodiesel plan to stop currency tanking Read
  • Indonesia to hold int’l conference on creative economy in November Read
  • Indonesian banks draw deeper investment from Japanese megabanks Read
  • Bank Indonesia Urges Gov’t to Be More Selective in Infrastructure … Read
  • Grab raises $1 bln to expand in Indonesia, eyes more funds Read
  • Bank Indonesia Taps Big Data to Formulate More Effective Policies Read


  • Thai economy needs robotics and automation Read
  • Attacks highlight shortage of cyber experts in Thailand Read
  • Thailand wants Britain to extradite former PM Yingluck Read
  • Thailand invites Norway to join development efforts in Rakhine State Read
  • Thai June factory output rises 4.74% yoy, above forecast Read
  • Thai Finance Ministry to introduce “Sharing Economy” Read
  • Prayut urges re-education of low-skilled workers Read
  • Major Thai banks get on board of Swift’s GPI platform for real-time fund … Read
  • Social Media Boom in Thailand Leads to a rise in Social Commerce in … Read
  • Miss Universe 2018 to be held in Bangkok Read


  • Inside Singapore’s sharing economy Read
  • Singapore’s offshore industry recovering, but no return to glory days Read
  • Singapore PMI in July points to slowing momentum Read
  • Google opens third data centre in Singapore’s Jurong West Read
  • Singapore SMEs are top exporters in Asia-Pacific: FedEx survey Read
  • Property sector sentiment down, but underlying demand still exists Read
  • Singapore retailers share tales of digitisation battles on the ground Read
  • Singapore bank lending gains at fastest pace since November Read
  • Online marketplaces are driving the Singaporean economy Read
  • Commentary: Are Singapore businesses just not creative enough? Read


  • Malaysia’s June exports growth gathers pace Read
  • Can Malaysia survive external and internal challenges? Read
  • Internet access for all, vows Gobind Read
  • Mysay: Improving Malaysia-China economic relations Read
  • Alibaba Cloud launches second availability zone in Malaysia Read
  • Malaysia: Dr M in Khazanah to improve country’s economy: DPM Read
  • Furthering digital economy through education Read
  • Shake-up in government funds Read
  • Petronas launches new vendor development programme Read
  • What Startups can Learn from Malaysia’s Youngest Cabinet Minister … Read


  • Philippine economy’s growth likely slowed in Q2 2018 – Moody’s Read
  • The Philippines’ debt-to-GDP ratio through the years Read
  • Economic managers meet with House Speaker on inflation Read
  • OECD sees PH economy topping ASEAN-5 Read
  • Toyota Philippines expects 17 percent output cut in 2018 on weak sales Read
  • IMF sees continued dollar outflows for Philippines Read
  • Philippines says 23 of 27 mines pass review, but four may close Read
  • When on-demand economy becomes on-demand culture Read
  • The Philippines’ Human Rights Abuses Read
  • Young population, ICT spur growth of PHL’s gig economy Read


  • Legal corridor needed for digital industry Read
  • Vietnam PM asks for criteria to assess economic reform Read
  • VN up one place in UN e-government index Read
  • Economic growth reduces dependence on bank loans Read
  • Việt Nam accounts for 8% of global ransomware attacks Read
  • Cyber-attacks on Đà Nẵng’s government website uncovered Read
  • Outcomes of FDI-reliant economy Read
  • Tech transfer: Falling short of expectations Read
  • Go-Jek to launch service in Vietnam through local partner Read
  • MA activities expected to reach record levels in 2018 Read


  • Myanmar gold exports could rise to 20 T in 2019 -industry official Read
  • Myanmar urged to fix key issues for industrial revamp Read
  • Why Myanmar is concerned about Chinese investment Read
  • Myanmar scales back Chinese-backed port project due to debt fears … Read
  • Myanmar’s Shwe Bank to Use Blockchain for Accepting Migrant … Read
  • Myanmar to skip visas for Japanese and South Koreans Read
  • Pompeo Calls on Myanmar to Release 2 Reuters Journalists Read
  • Myanmar Struggles to Cope in the Aftermath of Catastrophic Floods Read
  • Myanmar says Rohingya are returning, but evidence is thin Read
  • Myanmar VP calls for cooperation in promoting tourism Read


  • The son rises in Cambodia after Hun Sen’s rigged election Read
  • Opposition calls Cambodia vote a ‘sham’ Read
  • Cambodian PM calls for more foreign tourists, investors Read
  • In Cambodia, Dissenting Voters Find Ways to Say ‘None of the Above’ Read
  • China says foreigners should not interfere in Cambodia after election Read
  • ‘No Cambodia left’: how Chinese money is changing Sihanoukville Read
  • PH, Cambodia begin talks on tax pact Read
  • Booms and busts: top tips for investing in Cambodia Read
  • Cambodia’s finance minister: ‘Fintech may play critical role in supporting financial inclusion’ Read
  • Thousands displaced in Cambodia by flooding of Mekong Read


  • Dam collapse highlights risks to communities as Laos seeks to become hydroelectricity hub Read
  • Laos’ energy ministry to join investigation into dam failure Read
  • Laos’ Dam Disaster May Not Be Its Last Read
  • Laos to give visa-on-arrival for travelers from Sri Lanka Read
  • Laos tragedy sparks worry over Thailand’s small dams and reservoirs Read


  • Brunei’s first air separation plant to meet 60% of local demand Read
  • Good business opportunities for Brunei firms at 15th CAEXPO Read
  • Brunei records 2.5% GDP growth in Q1 2018 Read
  • Malaysia sees decrease in tourist arrivals from Brunei Read
  • Korean students mull possibility of furthering studies in Brunei Read
  • Brunei makes big leap in Global Innovation Index Read
  • Fintech, infrastructure financing key topics at Brunei roundtable Read


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