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Weekly Summary

By David Swartzentruber
AseanAffairs   25 September 2010

These were the most significant stories in the Asean region during the week of: September 18- September 24:

US-Indonesia alliance rolls out
The United States and Indonesia pledged Friday to expand cooperation to a global scale, saying they can play supporting roles on hot-button issues from the role of Islam to the Middle East conflict.
READ MORE: http://www.aseanaffairs.com/indonesia_news/ties/us_indonesia_alliance_rolls_out.

South Koreans discuss Siam Reap airport
A South Korean firm plans to discuss construction of a new US$1 billion international airport in Siem Reap province.
READ MORE: http://www.aseanaffairs.com/cambodia_news/aviation/south_koreans_discuss_siam_reap_airport

Singapore is #4 financial centre
Singapore is the world's fourth financial centre, joining Hong Kong, Tokyo, Shanghai and Seoul in the top 10 league, a survey said on Monday.
READ MORE: http://www.aseanaffairs.com/singapore_news/capital_markets/singapore_is_4_financial_centre

Foreign funds flow into Indonesian stock market
Foreign funds continue to dominate trading on the Indonesian Stock Exchange (IDX) as global fund managers move into emerging markets for higher returns.
READ MORE: http://www.aseanaffairs.com/indonesia_news/capital_markets/foreign_funds_flow_into_indonesian_stock_market

Malaysia unveils spending plan
Malaysia on Tuesday unveiled plans to stimulate its economy with billions of dollars of private investment in the next decade.
READ MORE: http://www.aseanaffairs.com/malaysia_news/investment/malaysia_unveils_spending_plan

Canon to build US$170 million Thai plant
Japan's Canon Inc said on Tuesday it would spend US$170 million to build a new plant in Thailand employing a workforce of 5,000 to meet rising global demand for inkjet printers.
READ MORE: http://www.aseanaffairs.com/thailand_news/investment/canon_to_build_us_170_million_thai_plant

PTT drops bid for Carrefour
PTT Plc of Thailand is dropping its bid to purchase the assets of the Carrefour retail chain in Thailand.
READ MORE: http://www.aseanaffairs.com/thailand_news/retail/ptt_drops_bid_for_carrefour

Thermal power plant dedicated
The Duyen Hai 1 Thermal Power Plant, is believed to play an integral role in ensuring the country's power demand for socioeconomic development by 2015.
READ MORE: http://www.aseanaffairs.com/vietnam_news/energy/thermal_power_plant_dedicated

Brunei not meeting MDG goals on natural environment
Brunei is finding it "difficult" to achieve its "natural environment" targets of the Millennium Development Goals (MDGs) due to the lack of skilled human resources, His Royal Highness Prince Mohamed Bolkiah said yesterday.
READ MORE: http://www.aseanaffairs.com/brunei_news/economy/hrh_prince_mohamed_on_meeting_mdg_goals_on_natural_environment

Thai PM wants 3G
The development of regulations for the 3G telecommunications network must move ahead no matter what a court decides today on the holding of an auction to select the operating companies, Prime Minister Abhisit Vejjajiva said.
READ MORE: http://www.aseanaffairs.com/thailand_news/telecoms/thai_pm_wants_3g

Indonesia may set higher GDP target
With stronger signs of global economic recovery, and a stronger local economy, Indonesia can rexpect higher gross domestic product (GDP) growth next year, a senior economic minister has said.
READ MORE: http://www.aseanaffairs.com/indonesia_news/economy/indonesia_may_set_higher_gdp_target

Aquino wipes out 10 departments
President Benigno Aquino 3rd has abolished the Office of the Presidential Adviser on Global Warming and Climate Change and nine other offices created by the Arroyo administration that have been found to duplicate functions of other agencies or departments.
READ MORE: http://www.aseanaffairs.com/philippines_news/economy/aquino_wipes_out_10_departments

Thai telecoms in limbo
With the scrapping of the 3G licence auction by the Supreme Administrative Court, the Thai telecoms industry is in a stop-freeze position.
READ MORE: http://www.aseanaffairs.com/thailand_news/telecoms/thai_telecoms_in_limbo

Thai, Cambodian PMs to Meet
Government officials have said that the anticipated meeting between Prime Minister Hun Sen and Thai counterpart Abhisit Vejjajiva in New York would go ahead as planned, despite Thai media reports quoting Abhisit as saying he may be too busy.
READ MORE: http://www.aseanaffairs.com/cambodia_news/politics/thai_cambodian_pms_to_meet