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|| 15 August 2010
These were the top stories for the week of August 8-14 at AseanAffairs
By David Swartzentruber
AseanAffairs 15 August 2010
Thailand's 3G auction in turmoil
In Thailand the auction for 3G spectrum scheduled for the fourth week of September appears more muddled than ever as directions from the government about the "new" spectrum remain as unclear as some of Bangkok's canals.
READ MORE: http://www.aseanaffairs.com/thailand_news/telecoms/thailand_s_3g_auction_in_turmoil.
Aquino considers US$10billion casino bid
The Philippine government, under new President Benigno Aquino III is studying a 10-billion-dollar offer from a local tycoon to take over the government's monopoly casino franchise with Malaysian help.
READ MORE: http://www.aseanaffairs.com/philippines_news/privatization/aquino_considers_us$10billion_casino_bid.
Vietnamese Prime Minister highlights Asean
Prime Minister Nguyen Tan Dung attended a ceremony to mark the 43rd anniversary of the establishment of ASEAN and the 15th anniversary of Viet Nam's accession to the bloc in Hanoi on Saturday.
READ MORE: http://www.aseanaffairs.com/vietnam_news/politics/vietnamese_prime_minister_highlights_asean.
Indo SMEs woo Chinese
Following a road trip to learn about China’s small and medium-sized enterprises (SMEs), Indonesian entrepreneurs have received interest from Chinese businesses.
READ MORE: http://www.aseanaffairs.com/indonesia_news/trade/indo_smes_woo_chinese.
Laos moves forward on hydro
General Director of the Electricity of Laos (EDL) Khammani Inthirath has said that the Laos will build at least two hydropower plants every year until 2020. To date, the country has a total of 14 hydro power plants with a combined capacity of 2,540 megawatts instead of 10plants with capacity of 700 megawatts in 2006.
READ MORE: http://www.aseanaffairs.com/laos_news/energy/laos_moves_forward_on_hydro.
Cambodian trade boosted by lower tariffs.
Cambodian officials believe the China-Asean Free Trade Agreement had helped boost bilateral trade between Cambodia and Hong Kong.
READ MORE: http://www.aseanaffairs.com/cambodia_news/trade/cambodian_trade_boosted_by_lower_tariffs.
Singapore growth slows
Singapore’s economy is expected to grow more slowly in the second half of 2010 after expanding nearly 18 percent in the first six months, the government said Tuesday. READ MORE: http://www.aseanaffairs.com/singapore_news/economy/singapore_growth_slows.
PTT seeks Myanmar project partners
Thailand's largest energy operation, PTT Exploration and Production, is seeking partners to invest in its five petroleum fields in the Gulf of Martaban off Myanmar, says CEO Anon Sirisaengtaksin.
READ MORE: http://www.aseanaffairs.com/thailands_news/energy/ptt_seeks_myanmar_project_partners.
Malaysia urged to act on FDI
Malaysia should act now on the shrinking inflow of foreign direct investment (FDI) before its position as an investment destination deteriorates further, says CIMB Investment Bank.
READ MORE: http://www.aseanaffairs.com/malaysia_news/investment/malaysia_urged_to_act_on_fdi.
Proposed Thai telecom rule draws heat
A rule proposed by the National Telecommunications Commission (NTC) of Thailand to curb "foreign dominance" is being criticized by Thai telecom experts who say that if the rule is implemented, legal challenges may follow.
READ MORE: http://www.aseanaffairs.com/thailand_news/telecoms/proposed_thai_telecom_rule_draws_heat.
San Miguel profits drop
San Miguel Corp. (SMC) said its profit fell in the first half after the conglomerate's asset sale program this year failed to replicate last year's record. The food and beverage giant said its consolidated net income dropped to P6.28 billion from P56.25 billion in the January to June period in 2009.
READ MORE: http://www.aseanaffairs.com/philippines_news/companies/san_miguel_profits_drop.
Singapore developer enters China
City Developments (CDL) a Singapore property developer has announced its expansion into the China market, earmarking $300 million as starting capital for its newly-minted unit, CDL China Limited.
READ MORE: http://www.aseanaffairs.com/singapore_news/companies/singapore_developer_enters_china.
ADB forecasts better Indo growth
The Asian Development Bank (ADB) has issued a brighter outlook on the Indonesia economy, with a bank executive predicting that the country's gross domestic product would grow more than 6 percent this year.
READ MORE: http://www.aseanaffairs.com/indonesia_news/economy/adb_forecasts_better_indo_growth