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Asean Affairs 26 December 2010
By David Swartzentruber
These were the most significant stories reported by Asean Affairs during the week of December 18-December 24.
AseanAffairs 26 December 2010
Hot money floods Philippines
Foreign portfolio investments (FPI) continued to flow into the country in November, according to the Philippine central bank.
READ MORE: http://www.aseanaffairs.com/philippines_news/investment/hot_money_floods_philippines
Private sector is 29 percent of Vietnam's budget
Private companies are contributing increasingly to the country's economic development, enhancing competitiveness and helping reduce the monopoly of state-owned companies. Private companies contributed 29 percent of the state budget in the form of taxes now compared to 18 percent in 2006, Thoi Bao Tai Chinh Viet Nam (Vietnam Financial Times) newspaper reported.
READ MORE: http://www.aseanaffairs.com/vietnam_news/economy/private_sector_is_29_percent_of_vietnam_s_budget
New Indonesia coal company to shake up world
The company formed by the union of Bumi Resources and Berau Coal Energy is looking to acquire coal mines around the world and become a global giant, investor Nathaniel Rothschild said on Friday.
READ MORE: http://www.aseanaffairs.com/indonesia_news/energy/new_indonesia_coal_company_to_shake_up_world
Thailand to accept more foreign workers
Thailand plans to import workers from countries which do not share their border, namely Vietnam, Nepal and Bangladesh, to solve the problem of unskilled labour shortages in local industries.
READ MORE: http://www.aseanaffairs.com/thailand_news/labor/thailand_to_accept_more_foreign_workers
Garuda clears path for IPO
Garuda Indonesia, the country's flagship airline, has finalized a debt restructuring plan with creditors in Europe, paving the way for an initial public offering.
READ MORE: http://www.aseanaffairs.com/indonesia_news/aviation/garuda_clears_path_for_ipo
First turbine spins at Son La dam
The first 400MW turbine at Son La Hydroelectric Power Plant's has been activated officially plugging into Vietnam’s electricity grid two years ahead of schedule.
READ MORE: http://www.aseanaffairs.com/vietnam_news/power/first_turbine_spins_at_son_la_dam
Japanese firm expands to Cambodia
Minebea Co Ltd., a US$2-billion Japanese precision components company, has selected Cambodia as the launching pad for its future growth.
READ MORE: http://www.aseanaffairs.com/cambodia_news/economy/japanese_firm_expands_to_cambodia
Temasek Indonesian stake may be seized
The Indonesian Anti-Monopoly Agency said it is set to seize assets of Temasek Holdings in Indonesia, according to a news report.
READ MORE: http://www.aseanaffairs.com/singapore_news/telecoms/temasek_indonesian_stake_may_be_seized
International group recommends single Thai air hub
In a reiteration of what it and private airlines have long said, the International Air Transport Association (IATA) has told the airport operating agency of Thailand, Airports of Thailand Plc (AoT), that it is best to focus on developing a single hub, Suvarnabhumi Airport.
READ MORE: http://www.aseanaffairs.com/thailand_news/aviation/international_group_recommends_single_thai_air_hub
Thai politics key to economy
Politics will remain a critical challenge for the Thai economy next year, according to a key government official.
READ MORE: http://www.aseanaffairs.com/thailand_news/investment/thai_politics_key_to_economy
Malaysian firms go after India highway projects
Malaysian construction companies are expected to be involved in the massive development of highways in India as early as the first half of next year under the recently inked memorandum of understanding (MoU) between the two governments. Malaysia and India signed the MoU on Monday to promote technical assistance services in highway development and management in India. READ MORE: http://www.aseanaffairs.com/malaysia_news/infrastructure/malaysian_firms_go_after_india_highway_projects
Indonesian council says too much Christmas
The Indonesian Council of Ulema (MUI) has said that the proliferation of Santas, reindeer and twinkly lights in malls and public places has gone too far for the nation's Muslim majority.
READ MORE: http://www.aseanaffairs.com/indonesia_news/religion/indonesian_council_says_too_much_christmas
Laos has new prime minister
Laos has a new prime minister after Bouasone Bouphavanh made a surprising resignation just months before his term was scheduled to end. President of the National Assembly Thongsing Thammavong would replace Bouasone, Laos News Agency; KPL reported Thursday.
READ MORE: http://www.aseanaffairs.com/laos_news/politics/laos_has_new_prime_minister
Indonesia-Malaysia have tensions
More than half of 1,000 Indonesians surveyed in September and October said they did not like Malaysia for a number of reasons.
READ MORE: http://www.aseanaffairs.com/indonesia_news/politics/indonesia_malaysia_have_tensions