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ASEAN ANALYSIS

Asean Affairs    16  October  2011

WEEKLY SUMMARY

  By    David Swartzentruber

AseanAffairs     16  October 2011

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These were the most newsworthy stories published by Asean Affairs during the week of October 8-14.

Foreign sell-off could hurt Asian economies
The International Monetary Fund (IMF) warned that a sell-off by foreign investors in developed markets could trigger a loss of faith in the capital markets in emerging nations across Asia, including Indonesia.
READ MORE: http://www.aseanaffairs.com/asean_news/economy/foreign_sell_off_could_hurt_asian_economies

Skills gap in Philippines labor force
The World Bank on Thursday cited skills gaps as serious bottlenecks for innovation and productivity among Filipino companies. READ MORE: http://www.aseanaffairs.com/philippines_news/labor/skills_gap_in_philippines_labor_force Bangkok prepares for possible flooding Rising sea levels predicted this weekend have fueled fears of severe flooding in Bangkok.
READ MORE: http://www.aseanaffairs.com/thailand_news/environment/bangkok_prepares_for_possible_flooding

Glencore to rescue Bakrie Group
Glencore, the world’s biggest commodities trader, is expected to sign a deal within days for a US$800-$900 million loan to Indonesia’s Bakrie Group to help it refinance a $1.35 billion facility that became unexpectedly due, sources said on Thursday.
READ MORE: http://www.aseanaffairs.com/indonesia_news/companies/glencore_to_rescue_bakrie_group

FDI rises 250 percent in Cambodia
Foreign direct investment in Cambodia soared 250 percent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday.
READ MORE:http://www.aseanaffairs.com/cambodia_news/investment/fdi_rises_250_percent_in_cambodia

Nigeria plans Indo refinery
Nigeria plans to invest Rp 24 trillion (US$2.68 billion) in Indonesia to fund the construction of three oil refineries, an official says.
READ MORE: http://www.aseanaffairs.com/indonesia_news/energy/nigeria_plans_indo_refinery

Myanmar frees prisoners
Myanmar freed dozens of political prisoners on Wednesday, including a comedian who is one of its most famous dissidents, in a further sign of change in the authoritarian state after decades of repression.
READ MORE: http://www.aseanaffairs.com/myanmar_news/politics/myanmar_frees_prisoners

Japanese firm hit by floods
Minebea Group of Companies, one of the largest Japanese investors in Thailand, may revise its investment focus in Ayutthaya due to risks from flooding.
READ MORE: http://www.aseanaffairs.com/thailand_news/economy/japanese_firm_hit_by_floods

Asia’s trade to double
Asia’s trade volume will almost double by 2025 and will be the key driver of world trade growth despite current global economic headwinds, HSBC said in a report on Tuesday.
READ MORE: http://www.aseanaffairs.com/asean_news/trade/asias_trade_to_double

Malaysian budget criticized
While it is undeniable that the goodies-packed and “perceivably optimistic” Budget 2012 has injected some feel-good factors into the lives of Malaysians, reality check has caused some quarters in the private sector to question the viability of the government's fiscal deficit target and economic growth projections.
READ MORE: http://www.aseanaffairs.com/malaysia_news/economy/malaysian_budget_criticized

Cambodia’s flood toll rises
With the death toll from flooding in Cambodia climbing to 206 over the weekend and lengthy sections of banks along the Mekong, Tonle Sap and Bassac rivers at risk of collapse, the government was urged yesterday to call for international assistance.
READ MORE: http://www.aseanaffairs.com/cambodia_news/environment/cambodia_s_flood_toll_rises

Thai central bank estimates flood damage
The Bank of Thailand (BOT) has estimated the economic damage from nationwide flooding at 60 billion baht (US$2 billion), or 0.6 percent of gross domestic product (GDP), Finance Minister Thirachai Phuvanatnaranubala said on Monday.
READ MORE: http://www.aseanaffairs.com/thailand_news/environment/thai_central_bank_estimates_flood_damage

Vietnam’s flood death toll rises
The toll from the worst floods to hit Vietnam's Mekong Delta in a decade has reached 24, most of them children, the government disaster authority said on Monday, as it reported a further six deaths.
READ MORE: http://www.aseanaffairs.com/vietnam_news/environment/vietnam_s_flood_death_toll_rises

Indonesia rebrands as global force
When Indonesia’s ambassador to the United States hands out his folded business card, it often raises eyebrows.
READ MORE: http://www.aseanaffairs.com/indonesia_news/economy/indonesia_rebrands_as_global_force

Myanmar VP to China on dam dispute
Myanmar's vice-president, Tin Aung Myint Oo, will visit China this month to discuss the suspension of a controversial dam built and financed by Chinese firms, a senior Myanmar official said on Friday.
READ MORE: http://www.aseanaffairs.com/myanmar_news/environment/myanmar_vp_to_hina_on_dam_dispute


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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