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Updated: September 20,  2018
• Budget committee agrees to set cost recovery target at $10.22b
The House of Representatives budget committee agreed on Wednesday with the government’s proposal to set the 2019 cost recovery target at US$10.22 billion, a 6 percent decrease from this year’s target of $10.9 billion.
Cost recovery is an approach for recovering an oil and gas contractor’s capital expenditures and operating expenses after the initial production phase and under a production sharing contract (PSC).

• Negotiations on minimum wage go on
The Labour Advisory Committee – a group made up of union representatives, employers and the government – resumed negotiations on next year’s minimum wage for garment sector workers at the Ministry of Labour the day before yesterday.
Cambodian Alliance of Trade Unions president Yang Sophorn – one of the 16 unions represented in the committee – said there is still a disparity in wage figures proposed by the unions, employers and government.

• Indonesia won't need to import rice through June 2019: Logistics chief
Indonesia will not have to import rice through June 2019 as the country has enough of the commodity in stock, said Budi Waseso, head of state-owned logistics firm Bulog.
Earlier this year, the Trade Ministry issued a recommendation to import 2 million tons of rice in 2018, which was approved during a coordination meeting of economic ministers.

• PHL payments position swings to surplus in August
The Philippine balance of payments (BOP) position swung to a surplus in August after seven straight months of deficits, the Bangko Sentral ng Pilipinas (BSP) said Wednesday.


• Environmental auditing contributes to sustainable development: ASOSAI 14 opening
Environmental auditing—the fair and objective vetting of environmental regulation compliance—is becoming more and more important as countries aim to achieve a fine balance between economic development and environmental protection.

   Updated:  September 20,  2018
Malaysia
The FBM KLCI index gained 2.99 points or 0.17% on Thursday. The Finance Index increased 0.41% to 17905.89 points, the Properties Index dropped 0.26% to 996.59 points and the Plantation Index rose 0.20% to 7569.36 points. The market traded within a range of 7.15 points between an intra-day high of 1810.21 and a low of 1803.06 during the session.

China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for new U.S tariffs, as previously planned, but has reduced the volume of tariffs that it will collect on the products.

Asean
Most Southeast Asian stock markets rose on Thursday, in line with Asian peers and overnight gains on Wall Street, while investors took heart as Sino-U.S. trade war pressures seemed to have eased.
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     Updated: June 11, 2018

Inflation may yet peak —Diokno
This report provides a summary of the discussion from a CSIS roundtable held on April 13, 2018, as part of the CSIS-Pertamina Energy Initiative. The discussion brought together government, industry, and policy experts to explore the outlook for the region’s energy mix out to 2040, the state of renewable energy in Southeast Asia, and its role in the region’s energy priorities. This was the first in a series of events that will be convened this year to examine the role of renewable energy in Southeast Asia and its security, economic, and political importance in the Indo-Pacific.
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