ASEAN WEEKLY: 21-27 May 2018 – Charting Economy


ASEAN WEEKLY: 21-27 May 2018


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

Highlights of the past week • Asean’s dilemma • Indonesia’s path to prosperity lies in manufacturing • What is behind Thailand’s strong first quarter economic growth • Singapore Prepares for the AI Revolution • The Restructuring of the Malaysian Economy • Philippines considers reviving nuclear power plant • Vietnam’s GDP growth to slow after record performance in Q1• Myanmar’s finance minister resigns • Are Chinese buyers creating a Cambodian luxury property bubble? • Laos banking on tourism to boost its economy • Royal Brunei launches new competition


  • ASEAN can show the way for Europe on Trade Read
  • Hybrid IT: ASEAN firms shift to agile infrastructure Read
  • Việt Nam hosts 2018 ASEAN-Japan cyber security drill Read
  • Insight: ASEAN deserves central role in Indo-Pacific cooperation Read
  • LMC: Asean sales to surge Read
  • Beef up Australia-Asean friendship Read
  • Why Google supports a strong Asean Community Read
  • Better aviation infrastructure seen as key to Asean growth Read
  • Opportunities and challenges for Asean amid growth Read
  • Asean’s dilemma: must economic growth cost the Earth? Read


  • Bank Indonesia considers another rate hike on May 30 Read
  • Indonesia’s path to prosperity lies in manufacturing Read
  • The Chinese Problem in Indonesia Read
  • Indonesia’s reformed economy can’t quash inequality Read
  • Indonesian ride-hailing firm Go-Jek to enter Việt Nam Read
  • Counting Down to Indonesia’s Presidential Election Read
  • Jokowi: Improving Infrastructure for Indonesia Golden 2045 Read
  • Indonesia issues samurai bonds Read
  • Indonesia: 20 years on from downfall of General Muhammad Soeharto Read
  • Indonesian Consumer Confidence up to three year high of 158.1 Read


  • Thailand’s surging economy could spur junta to keep to 2019 polls plan Read
  • Thailand economy grows at fastest pace in five years in Q1 Read
  • The World Cup economy to bring Thailand bigger TVs Read
  • What is behind Thailand’s strong first quarter economic growth Read
  • Transforming Thailand into an advanced economy Read
  • Rebounding Economy & Rising Exports Put Spotlight on Thai ETF Read
  • Thailand slips three spots to 30th place in competitiveness Read
  • Thai auto sales surge Read
  • Coordinated bombs rock ‘peace progress’ claims in Thai south Read
  • Thai data protection falls short of EU benchmark Read


  • Singapore Posts Solid Growth to Start 2018 Amid Global Risks Read
  • Singapore’s service sector takings up 8.5% in Q1 Read
  • Singapore manufacturing output up 9.1% in April on broad-based growth Read
  • Growth forecast moved up after strong first quarter Read
  • Singapore Prepares for the AI Revolution Read
  • Singapore keeps 3rd spot in global ranking of competitiveness Read
  • Singapore the preferred location of future Asian LNG trading hub … Read
  • Singapore CEOs optimistic about growth; cyberthreats cited as top risk: KPMG poll Read
  • Singapore is 4th most expensive city in Asia to build in Read
  • Singapore CFOs: Positive on the Economy, Worried About Technology Disruption Read


  • The Restructuring of the Malaysian Economy Read
  • Jack Ma to meet Dr Mahathir in Malaysia over project Read
  • Mahathir built a stellar team of Ministers, yet they cost less than annual pay of Singapore’s PM Read
  • Embattled Najib hits back on Malaysian economy Read
  • Malaysia sets up task force to probe 1MDB scandal Read
  • Malaysia’s Economic Fortunes Lie in the Hands of These 5 People Read
  • Malaysian market to rebound on clearer economic direction: AmBank Research Read
  • We’re willing to face facts, LGE says to Najib Read
  • Malaysia’s debts and liabilities soar past trillion ringgit mark Read
  • Malaysia rises two spots on world competitiveness list Read


  • Philippines falls 9 notches in World Competitiveness Yearbook Read
  • Philippines considers reviving nuclear power plant to meet energy demand Read
  • Fewer Filipinos expect life to improve in next 12 months – SWS Read
  • Philippines budget deficit narrows to 115.9b pesos in Jan-April Read
  • Duterte’s ‘pivot’ to China very timely: Roque Read
  • The benefit of blockchain for small businesses Read
  • Philippines’ DOF eyes 3 rural banking reforms to widen financial inclusion Read
  • Manila, Washington keen on fast-tracking FTA talks Read
  • Philippines May Suspend Excise Taxes on Petroleum Products Read
  • Buy from the poor, sell to the rich Read


  • Việt Nam’s GDP projected to grow 7% in 2018 Read
  • Vietnam’s GDP growth to slow after record performance in Q1: Deputy PM Read
  • US is worried about Vietnam’s proposed cybersecurity law Read
  • FDI sector significantly contributes to Vietnam’s economy Read
  • K-Startup Grand Challenge offers opportunities for Vietnamese firms Read
  • Shares down in week’s last session Read
  • Banks cut interest rate for short-term deposits Read
  • Indonesian ride-hailing firm Go-Jek to enter Việt Nam Read
  • Gov’t asked to help automakers overcome difficulties Read
  • Minimum wage must cover basic needs Read


  • China’s $7.5 Billion Myanmar Port ‘Crazy,’ Suu Kyi Adviser Says Read
  • Myanmar’s finance minister resigns: president Read
  • Myanmar garment sector faces risks despite export growth Read
  • Broader economic focus advocated for Myanmar Read
  • Lack of economic direction, strategy leading to Myanmar brain drain Read
  • Tour Operators Predict Drop in Arrivals This Year Read
  • The Kachin conflict: No end in sight Read
  • US private equity firm exploring telecom tower deal in Myanmar Read
  • Digital consulting firm nexlabs attracts US$150000 from MSH Read
  • US passes legislation targeting Myanmar military Read


  • Are Chinese buyers creating a Cambodian luxury property bubble? Read
  • Cambodia eyeing salt imports from Sri Lanka: report Read
  • Those on the edge feel bite of rising gas prices Read
  • Cambodia’s Angkor Wat named as world’s best-rated landmark for 2018 Read
  • What’s Missing From Cambodia’s Democracy? Read
  • One of Cambodia’s brightest entrepreneurs talks tech, startups and cryptocurrencies Read
  • Cambodia and Thailand look to legalise migrants Read
  • North Koreans Defy Sanctions With Restaurants in Cambodia Read
  • Lifting the veil on Cambodia’s new media baron Read
  • Meet the ‘hero rats’ clearing Cambodia’s landmines Read


  • ADB and Laos sign $30m deal Read
  • Laos approves measures to spur growth Read
  • No mountain too high: Ending polio in Laos Read
  • Vang Vieng, Laos: From party capital to eco-adventure paradise Read
  • Laos Bananas Admitted to China’s Allowable Imported Fruits List Read
  • Laos banking on tourism to boost its economy | Video Read


  • BIBD supports national agenda to develop SMEs Read
  • UK Armed Forces Loan Service donates to SMARTER Brunei Read
  • SE Asia-London: Royal Brunei launches new competition Read
  • Raya Bonanza providing platform for local fashion brands Read
  • More events needed: Brunei December Festival Read
  • Bank Usahawan providing financing up to $750000 Read


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