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Asean Affairs 14 November 2010
By David Swartzentruber
These were the most significant stories reported by Asean Affairs during the week of November 6-November 12.
AseanAffairs 14 November 2010
Vietnam claims Chinese map violates its sovereignty
Vietnam yesterday protested against a Chinese agency's map that violates Vietnamese sovereignty in the East Sea.
READ MORE: http://www.aseanaffairs.com/vietnam_news/politics/vietnam_claims_chinese_map_violates_its_sovereignty
Asean concern over U.S. trade proposal
Asian countries are to express concern at next week's G20 summit in South Korea about a US proposal for targets to rein in global trade imbalances, a plan China rejected on Friday.
APEC Debates Becoming Body That Can Forge Free Trade Agreement
Pacific Rim economies are debating whether to change the informal Asia-Pacific Economic Cooperation (APEC) forum so that it can negotiate the creation of a sprawling Pacific-wide free trade zone, Japanese officials said on Monday.
Impact of US currency move
The prospect of a world awash in freshly printed US dollars has pushed up stock and commodity markets over the past week, while raising fresh fears about the impact of stronger emerging-market currencies.
READ MORE: http://www.aseanaffairs.com/thailand_news/economy/impact_of_us_currency_move
Philippines supports APEC stance
The Philippines government is pushing for a framework that could guide the coordinated action against trade imbalances and the effect of the weakening dollar on emerging market currencies.
READ MORE: http://www.aseanaffairs.com/philippines_news/economy/philippines_supports_apec_stance
Thai minister pushes investment strategy
The government will reach out to the private sector to jointly set a new industrial investment strategy to take advantage of the benefits offered by an appreciating baht, Finance Minister Korn Chatikavanij says.
READ MORE: http://www.aseanaffairs.com/thailand_news/investment/thai_minister_pushes_investment_strategy
Thai investors flock to gold
Thai investors flock to gold Gold prices hit a new high in Thailand November 9, when ornamental gold peaked during trade at 20,100 baht per baht weight (15.16 grammes) and gold bars at 19,750 baht amid global economic uncertainties.
READ MORE: http://www.aseanaffairs.com/thailand_news/investment/thai_investors_flock_to_gold
Cambodian trade deficit to rise
Cambodia's trade deficit stands to widen together with a weakening United States dollar, experts have said.
READ MORE: http://www.aseanaffairs.com/cambodia_news/trade/cambodian_trade_deficit_to_rise
Fish stocks in Asean's seas dwindle
Overfishing in Southeast Asian seas has left garoupas and sea bass in dire straits, searching for mates on denuded seabeds, according to experts alarmed by ever-declining catches.
READ MORE: http://www.aseanaffairs.com/asean_news/environment/fish_stocks_in_asean_s_seas_dwindle
Myanmar rebel groups unite
Six Myanmar ethnic rebel groups have formed a coalition to step up hostilities with the country's junta, a representative for an activist group said.
READ MORE: http://www.aseanaffairs.com/myanmar_news/security/myanmar_rebel_groups_unite
Obscure pact may propel Asia-Pacific trade
A little-known trade pact promoted by U.S. President Barack Obama has emerged as a key vehicle toward creating a free-trade treaty embracing more than half the world's economy.
READ MORE: http://www.aseanaffairs.com/asean_news/trade/obscure_pact_may_propel_asia_pacific_trade
ADB encourages more trade in yuan
The Chinese yuan should become a major trading currency for intra-regional business in Asia as a sustainable solution to help countries avoid dollar volatility, according to the Asian Development Bank (ADB).
READ MORE: http://www.aseanaffairs.com/asean_news/trade/adb_encourages_more_trade_in_yuan