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Asean Affairs    23  October  2011


 By David Swartzentruber

 AseanAffairs     23  October 2011

These were the most news worthy stories published by Asean Affairs during the week of October 15-21.

Thai companies to remain open
Most businesses in Bangkok are still operating normally.

Thai Infrastructure Fund planned
The Thai finance ministry will propose a stock exchange-listed Infrastructure Fund to mobilise public funds to invest in infrastructure projects now that many industrial estates have been devastated by flooding, Finance Minister Thirachai Phuvanatnaranarubala said.

Number of wealthy rises in Indonesia
Indonesia’s wealthy population surged by almost a fifth year-on-year in August, a rate at three times the projected economic growth.

24 Philippine soldiers killed in Basilan
The Philippine military suffered a huge loss on Tuesday when 19 soldiers were killed in a fierce gun battle with members of the Moro Islamic Liberation Front (MILF) in Basilan province in southern Philippines.

First oil produced in offshore Vietnam
Santos Ltd (STO.AU) said this week that oil production has begun at the US$800 million Chim Sao project offshore southern Vietnam.

Indonesian government installs new cabinet
President Susilo Bambang Yudhoyono installed seven new ministers and 13 deputy ministers during a ceremony at the State Palace on Wednesday.

Thailand moves on water management
After years of inaction, with flood waters lapping at Bangkok’s suburbs, the Thai government has decided to draft a special law to invest in water management systems to mitigate the impact of floods, Finance Minister Thirachai Phuvanatnaranubala said.

Thai industries hit by flooding
California-based Western Digital, the world's largest hard-disk drive (HDD) maker, expects its exports from Thailand will decrease by 40 percent this year due to the severe flooding.

Asia-Pacific countries meet on trade deal
The United States and eight other Pacific countries hope to announce the crux of a major trade deal at an Asia-Pacific summit next month, officials said Monday, a step toward an elusive APEC-wide accord.

Floods to impact Thai corporate earnings
The floods in Thailand and the slowing global economy will likely trim earnings growth of Thai-listed companies to as low as 7 percent in 2012,a Thai securities firm and economists say.

Cambodia needs more infrastructure
Cambodia needs more than an estimated US$13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, a joint survey by some of the world’s top financial institution indicated on Wednesday.

Singapore’s exports contract
Singapore's non-oil domestic exports (NODX) contracted 4.5 percent in Sept 2011 compared to a year earlier, due to a 14 percent decline in electronic NODX outweighing the expansion in non-electronic NODX, IE Singapore said on Monday.

Delay in Thai wage hike requested
The Employers Confederation of Thailand and the Federation of Thai Industries have called on the Central Wage Committee to postpone considering the 300-baht minimum pay rise decision for six months.

Industry groups oppose Indo export tax
Indonesian industry groups said on Thursday that they would oppose any plan by the government to impose duty on the export of power plant fuel.

Aquino assures business community
Philippines President Benigno Aquino 3rd assured members of the business community and the public that the government is “ready to deal” with economic uncertainties the world is facing today that have impacted the Philippines.

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Today's  Stories    22  October  2011 Subsribe Now !
• Froc: Water situation controllable Subcribe: Asean Affairs Global Magazine
• PM: Floodwater coming to Bangkok Asean Affairs Premium

• Bumi coal surges

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Dress police draw backlash
• Dam controversy: Remaking the Mekong
• Flash flood in Myanmar
• Muslim rebels kill seven more

• Singapore CFOs inexperienced


Asean Analysis              23  October  2011

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Asean Stock Watch      21  October  2011

• Asean Stock Watch-October 21 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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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