ASEAN WEEKLY: 4-10 Dec 2017 – Charting Economy


ASEAN WEEKLY: 4-10 Dec 2017


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

Highlights of the past week • Allow Timor into Asean • Illegal bitcoin in Indonesia • Big data on Thai employment • A vision for Philippine industry • Singapore’s ‘demographic time bomb’ • Malaysia’s investment outlook • Vietnam’s economic growth patterns questioned • Myanmar Companies Act • Cambodia’s Rising Debt to China • Bridging Korea, Laos • Brunei to post positive growth in 2018: ADB


  • Enhancing the Asean-ness of Asean citizens Read
  • ASEAN moves tax pacts forward Read
  • Deepening connectivity within Asean Read
  • New Delhi to host Asean-India Connectivity Summit on Dec 11-12 Read
  • Surin was Asean’s de facto foreign minister Read
  • S’pore foreign minister: Winds of change will continue to shape Asean Read
  • ASEAN needs to move to minilateralism Read
  • Allow Timor into Asean Read
  • HNA confirms interest in ASEAN’s infrastructure investment Read
  • Asean after 50: Looking back to look forward Read


  • Indonesia economy to level at 5.1% in 2018 Read
  • Bank Indonesia declares bitcoin payment illegal Read
  • Indonesia set to ink trade deal with Chile by year-end Read
  • Jokowi says his reforms are a success with growth above 5% Read
  • Indonesian consumers more optimistic in November Read
  • Populist Politics in Indonesia Read
  • Indonesia must step up focus on human rights, says Amnesty Read
  • Indonesia`s 50 Richest People Have Total Net Worth of USD126bn Read
  • Alibaba reaches out to Indonesian SMEs through its Alibaba Global Course Read
  • Indonesian Pizza Hut Operator Plans $150 Million IPO Read


  • WB urges greater economic mobility, social aid in ‘new Thai model’ Read
  • Democratised AI expected to deepen inroads in Thailand Read
  • Thai hopes for piracy list upgrade Read
  • HNA eyes US$43b Thai economic zone as it aligns shopping spree with China’s state policies Read
  • Thai Consumer Confidence at 33-Month High Read
  • mu Space becomes first Thai startup to acquire satellite license Read
  • Thai exports continue to grow Read
  • ‘Big Data’ Tells Thailand More About Jobs Than Low Unemployment Read
  • Thailand lags in fintech development in Asia Read
  • Bank of Ayudhya: Thai baht may reach 4-yr high in 2018 Read


  • Duterte’s Philippines Economy Beats China’s Read
  • Top Japanese think tank sees solid growth for PH in 2018 Read
  • China, Japan investments up, Korea down Read
  • Palace faults inflation for higher self-rated poverty Read
  • China ‘gravely concerned’ after Philippines inks investment deal with Taiwan Read
  • BSP chief douses overheating fears Read
  • Philippines inflation cools for the first time in 5 months in November Read
  • ‘PH debt to grow by 11% next year’ Read
  • Libya wants PH workers, seeks lifting of hiring ban Read
  • A vision for Philippine industry Read


  • Singapore faces ‘demographic time bomb’ Read
  • Singapore top destination for China investments Read
  • Despite rosier economic outlook, restaurant owners in Singapore still feeling the bite Read
  • Preparing for Singapore 4.0 Read
  • Singapore manufacturing shows strong signs of broad-based growth Read
  • Wealth tax ‘has merit but may hurt hub status’ Read
  • PwC calls for threshold for personal tax to be raised to S$40000 Read
  • Keeping the ships sailing in – why the Tuas mega port matters Read
  • Hawkers must move with the times Read
  • Singapore land grab continues despite central bank warning Read


  • Najib: Moody’s affirmation of A3 rating confirms strong economy Read
  • Malaysia’s Q3 GDP results show a resilient economy Read
  • Whither Malaysia? The fall of the ringgit Read
  • Malaysia’s exports growth pace accelerates in October Read
  • E-payment reduces wastage to economy: Muhammad Read
  • Grab gets Bank Negara nod to offer e-money services Read
  • Malaysia’s investment outlook remains positive: MIDA Read
  • DAP MP slams inconsistent luxury property policy Read
  • Banking on Sarawak Pay, LRT Read
  • Fintech Center holds roadshow in Malaysia Read


  • Vietnam’s economic growth patterns questioned by experts Read
  • Policy changes pose obstacles for foreign investors Read
  • US hits Vietnam with massive duties over Chinese steel Read
  • Vietnam police arrest ex-politburo member over misconduct Read
  • Factory rolls out first made in Việt Nam buses Read
  • Korean investors enjoy much success in Việt Nam Read
  • LED lighting market sees dazzling future Read
  • Worms can revive polluted farms Read
  • Manufacture is VN economic propellant Read
  • Vietnam Nov auto sales fell 13 pct y/y – industry body Read


  • Myanmar Companies Act approved Read
  • Myanmar encourages young entrepreneurs, the engines of growth Read
  • US firms interested in Myanmar’s digital economy Read
  • Myanmar banks sprout branches at furious pace Read
  • Myanmar to approve five specialised banks for targeted lending Read
  • New Burma Act Would Hinder US Investment In Myanmar Read
  • TMH Telecom set to become Myanmar’s first true IPO Read
  • Myanmar banks cheer central bank’s compromise on loan deadline Read
  • China defends Myanmar as UN condemns Rohingya violence Read
  • Let’s promote Myanmar food Read


  • Cambodia Goes All-In on China in Casino Port City Read
  • The Eternal Win-Wins of Hun Sen’s Power in Cambodia Read
  • VN, Cambodia to develop cashew farming area Read
  • Cambodia’s Friend in Need Read
  • Cambodia Offers Largely Muted Response to US Travel Ban Read
  • Cambodia’s Sihanoukville morphs into ‘Macau 2’ Read
  • Rising Debt to China ‘Worrying’, Analyst Says Read
  • Don’t punish us: employers Read
  • Collective sets up eco-tourism city in Siem Reap Read
  • A Long-Dead Cambodian King Is Back — and He Looks Familiar Read


  • Lao gov’t adopts work plans to enhance ties with China Read
  • Laos road and tunnel project commencing Read
  • Vietnam advised to import electricity from Laos Read
  • Thailand to clear air with Laos, Myanmar Read
  • Bridging Korea, Laos Read
  • Việt Nam prioritises ties with Laos: PM Read


  • Brunei to post positive growth in 2018: ADB Read
  • Brunei to benefit from Japan’s ‘Free and Open Indo-Pacific Strategy’ Read
  • Brunei Oil Production to Grow Over Next 5 Years Read
  • Sultan of Brunei yes to Sarawak, Brunei, Sabah seamless travel Read
  • Brunei-Indonesia have huge potential for bilateral trade Read
  • Brunei’s direct flights to Beijing postponed to early next year: official Read
  • Brunei makes improvement in infrastructure, competitiveness: WEF Read


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