| Updated: May 21 2013
• U.S. Business Groups Welcome Myanmar's President U Thein Sein to Washington
US-ASEAN Business Council, U.S. Chamber Urge Continued Progress to Normalize U.S.-Myanmar Economic Relations
WASHINGTON, D.C.—At a gala dinner this evening, the US-ASEAN Business Council and the U.S. Chamber of Commerce welcomed Myanmar’s President U Thein Sein for the first visit to Washington by a head of state from Myanmar since 1966. The Chamber’s Vice President for Asia Tami Overby and Council President Alexander Feldman spoke to leaders from both the business and policymaking communities, and offered their support for continued progress in bilateral trade and economic relations.
• Thai listed firms’ post earnings of THB 241 bln in Q1/2013
- Q1 net profits of listed companies up 12.80 pct q-o-q to THB 241.60 billion (approx. USD 8.31 billion)
- Total sales up 4.88 pct q-o-q to THB 2.63 trillion (approx. USD 90.68 billion)
• SGX enters discussions on sale of Philippine Dealing System stake
Singapore Exchange (SGX) today said The Philippine Stock Exchange, Inc (PSE) wishes to enter discussions with SGX on the sale of its 20% stake in Philippine Dealing System Holdings Corp (PDS).
SGX and PSE have signed a memorandum of agreement on the discussions. The discussions are preliminary and there is no assurance any definitive or binding agreement will result.
• Tackling Development Gaps in ASEAN
ASEAN and partners have initiated tireless efforts to address the development gap in ASEAN. To promote awareness and understanding on the importance of narrowing the development gap (NDG) in ASEAN, the “NDG Lecture Series” are taking place and the diplomatic community, research institutions, and media took part in the launching of a new publication “Narrowing the Development Gap in ASEAN: Drivers and Policy Options” at the ASEAN Secretariat on 17 May 2013.
With measures based on the universally accepted Human Development Index, the new publication states that this development gap has been narrowing in the last decade, but more needs to be done.
• Jakarta index up following naming of new finance minister
The composite index of the Indonesian Stock Exchange (BEI) extended gain after the announcement of the new Indonesian fFnance Minister.
The BEI index closed 1.5 percent higher at 5,222.99 points on Monday after the announcement naming Chatib Basri as the new finance minister replacing Agus Martowardoyo, who is now governor of Bank Indonesia.
•Tenaga unit issues RM1.62b Sukuk for Penang power plant
HSBC Amanah Malaysia Bhd and KAF Investment Bank Bhd are the joint lead arrangers and the joint lead managers for the serial senior secured Islamic Sukuk issue.
The Sukuk consists of 39 series with tenors ranging from four to 23 years. The Sukuk was structured under the Shariah principle of Ijarah and Wakalah and will be issued on May 29.
• Govt does not rule out anti-discrimination labour laws: Tan Chuan-Jin
Singapore's Acting Manpower Minister Tan Chuan-Jin said the government is not ruling out having anti-discrimination labour laws.
At a conference on fair employment practices on Monday, he said legislation is a possible way to address prejudices.
Updated: May 21, 2013
ASEAN Market Preview
By Shayne Heffernan Ph.D.
The FTSE Straits Times Index (STI) ended +4.93 points higher or +0.14% higher to 3,454.23, taking the year-to-date performance to +9.07%.
The FTSE ST Mid Cap Index gained +0.18% while the FTSE ST Small Cap Index gained +0.53%.
The top active stocks were JSH 500US$ (-1.62%), Singtel (+1.24%), Kep Corp (+1.28%), DBS (+0.29%), and UOB (+0.36%).
The outperforming sectors today were represented by the FTSE ST Utilities which gained +1.24%. The two biggest stocks of the Utilities Index are Gallant Venture (+1.56%) and Hyflux (-0.72%). The underperforming sector, FTSE ST Industrials, declined -0.74% with Jardine Matheson Holdings declining -1.95% and Jardine Strategic Holdings declining -1.62%. The FTSE ST Real Estate Index gained +0.36% and the FTSE ST Consumer Services gained +0.12%. More
Updated: May 13, 2013
Developing countries doing more to save climate
Bonn, Germany - May 3, 2013 - The Like-Minded Developing Countries (LMDC) group, today, reminded developed countries that developing countries are doing more than their fair share to save the climate at the close of the first round of climate talks. More
Updated: May 3, 2013
Asean Weekly ending 3 May 2013
European Union removes sanctions. EU foreign ministers voted unanimously to permanently lift sanctions against Myanmar during an April 22 meeting in Luxembourg. The decision removes all remaining trade, political, and economic sanctions except for an arms embargo, which the European Union will maintain for one more year. More
SAVE OUR PLANET 5
SAVE BANGKOK FROM THE CLIMATE CHANGE CHALLENGE BEFORE ITS TOO LATE
AABC October 2009
21 Oct 2009, Rembrandt Hotel, Bangkok
AABC August 2009
18 Aug 2009 Swissotel Nailert Park,Bangkok