ASEAN WEEKLY: 28 May – 3 June 2018 – Charting Economy


ASEAN WEEKLY: 28 May – 3 June 2018


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

Highlights of the past week • Japan’s soft power in ASEAN • Halting Rupiah’s Rout • Has tourism in Thailand reached a tipping point? • Singapore, India deepen ties • Malaysia’s Crowdfunding Campaign • Inflation in Philippines • Female entrepreneurs in Vietnam • Myanmar’s next Central Bank governor • Cambodia ‘doesn’t’ got talent? • Xi: China, Laos to share future • Brunei enters new era of green technology


  • Is Japan’s soft power making a comeback in Southeast Asia? Read
  • ASEAN+3 economies enhance connectivity Read
  • Banking in Southeast Asia gets a boost with blockchain Read
  • Ideas to build a vibrant Asean community Read
  • Defence ministers stress centrality of Asean in region Read
  • ASEAN international education growth lies in-country Read
  • ASEAN to beef up power grid Read
  • Grab hungers to be Asean consumers’ daily staple as it unveils food delivery service Read
  • Southeast Asia Could Have A $200B Internet Economy With Improved Skills & Leadership Read
  • Coastal tourism destination challenges in Southeast Asia Read


  • Indonesia’s Two Interest-Rate Hikes May Not Halt Rupiah’s Rout Read
  • Indonesia Finance Minister ready to trade growth for stability Read
  • India, Indonesia are among Asia’s most debt risky nations Read
  • Indonesia faces up to emerging market turbulence Read
  • India, Indonesia ink agreement to promote economic cooperation Read
  • Israel bans entry of Indonesia tourists Read
  • Is Indonesia Ready for International Branch Campuses? Read
  • Shopee Records 1.5 Mn Transaction in Big Ramadhan Sale 2018 Read
  • Indonesia: The World’s Ocean Hero? Read
  • Indonesia Firms Face $34b in Losses Due to Cyber-Attacks: Report Read


  • Moody’s ‘predicts political climate will not hurt Thailand’s economy’ Read
  • Thailand to benefit from China-Japan thaw Read
  • Has tourism in Thailand reached a tipping point? Read
  • Thai May headline CPI accelerates to 1.49%, beats forecast Read
  • BoT touts Q2 economic growth, with caveats | Bangkok Post: business Read
  • Thai e-retailers brace for Jack Ma’s ‘great durian road’ Read
  • FTI boss vows support for industrial upgrade Read
  • Thailand’s Migrant Workers in a Changing Legal System Read
  • Construction of Thai-Chinese high-speed rail to start fully next year … Read
  • Thailand to keep VAT unchanged at 7 percent until September 2019 Read


  • Singapore, India to deepen economic, defence ties Read
  • Singapore, India to cut tariffs on 30 more products Read
  • Singapore’s fintech ambitions bump up against immigration curbs Read
  • Singapore bank lending goes up 0.8% in April Read
  • Singapore Airlines reveals details of world’s longest flight Read
  • Singapore to gain faster access to India’s startup ecosystem Read
  • Singapore is 5th on Global Cities Outlook Read
  • Singapore start-ups look to a changing France for growth Read
  • Singapore launches first digital readiness blueprint, with inclusivity a key thrust Read
  • How Singapore can prepare for its Southeast Asian future: Linda Lim Read


  • Malaysia ditches Singapore rail link. Is Chinese project next? Read
  • GST abolishment will have far-reaching impact on economy Read
  • Iskandar Malaysia’s property market could take a hit Read
  • Malaysia’s Crowdfunding Campaign to Pay Off Its Debt Is a Massive Failure Read
  • France wants to expand ties with Pakatan govt Read
  • Malaysian playboy financier in cross-hairs after poll upset Read
  • Malaysia investigators said to meet Singapore on 1MDB probe Read
  • Can Malaysia become Norway of Southeast Asia? Read
  • April trade surplus seen narrowing to RM9.2b, says Moody’s Analytics Read
  • Exclusive: Maintaining Malaysia’s digital transformation trajectory – Part 1 Read


  • Inflation in Philippines a faultline for Duterte’s ‘Build, Build, Build’ ambition Read
  • Philippines central bank sees inflation in May staying above target Read
  • PH economy growing but poverty still high – World Bank Read
  • Why Philippines Economy Is Thriving, Despite IMD Read
  • Philippines to gain from tax reforms—Moody’s Read
  • Philippines modernises its ‘weak’ navy as China muscles closer Read
  • Indonesian SOEs Establish Partnerships with Philippines Read
  • Philippines keeps 2018 tourist arrivals target despite Boracay closure Read
  • World Bank tells PH to reduce poverty faster Read
  • Businesses warn ill effects of TRAIN Law package 2 Read


  • Vietnam Is Following China in its Economic Development Read
  • Australia assists Vietnam in economic reforms Read
  • Việt Nam records $3.39 billion trade surplus Read
  • Why VN is such fertile ground for female entrepreneurs Read
  • Gov’t aims to boost industry, construction Read
  • Retail sales, services revenue up by 10.1% Read
  • Exchange rate no problem for Việt Nam Read
  • Vietnamese enterprises in the age of digital economy Read
  • VN to adopt int’l accounting rules Read
  • HCM City to host Việt Nam Motor Show in October Read


  • U Myint advocates quick-wins for Myanmar’s economy Read
  • Viettel to launch 4G service in Myanmar Read
  • Myanmar president names Deloitte partner new finance minister Read
  • Myanmar’s next Central Bank governor: the contenders Read
  • Retail interest in Myanmar robust, but investment avenues lacking Read
  • Movable asset lending is the future Read
  • WB Predicts Myanmar Growth at 6.7 Percent Read
  • Myanmar’s future relies on more jobs and better jobs Read
  • The true cost of Myanmar’s growing garment industry Read
  • Myanmar’s Role in Bangladesh’s Drug War Read


  • Why Cambodians could pay a high price for low-cost data packages Read
  • Cambodia’s Controversial Press Guidelines Draw Concern Read
  • Cambodia ‘doesn’t’ got talent? Read
  • With Cambodia’s free press under fire, ‘China model’ makes inroads Read
  • Cambodia sees remarkable progress in socio-economic development in last 5 years Read
  • Macau Legend fresh casino venues in Cambodia, Laos: CEO Read
  • ‘The Outlook Is Grim’: Cambodia’s Independent Media Under Hun Sen Read
  • Cambodia volunteers step up battle against illegal fishing Read
  • Cambodia Implements the International Monetary Fund’s Enhanced General Data Dissemination System Read
  • China-Cambodia joint venture inaugurated in Cambodia Read


  • Clearing unexploded bombs in Laos I Video Read
  • Xi: China, Laos to share future Read
  • Thai firm signs Laos power deal Read
  • China, Laos eye closer cooperation Read
  • Laos enhances ICT partnership with Huawei Read
  • Laos, Myanmar move forward in energy cooperation Read
  • Ginseng farmers of Laos seek international markets Read


  • Brunei sells stake in Jordan Phosphate to Indian firms Read
  • Pioneering tactical fitness in Brunei: Primal Peformance Read
  • Brunei reaffirms healthcare commitment Read
  • Brunei enters new era of green technology Read
  • The most valuable banknote in circulation is worth about as much as a bitcoin Read
  • Sultan calls for change in Zakat fund management Read


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