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Asean Affairs 28 November 2010
By David Swartzentruber
These were the most significant news stories published by AseanAffairs during the week of November 20-26.
AseanAffairs 28 November 2010
Weak yuan may hurt region
Emerging Asian giants China and India are set for further high growth, but the weakness of the yuan is a grave threat to emerging economies in the region, the OECD said on Thursday.
READ MORE: http://www.aseanaffairs.com/asean_news/economy/weak_yuan_may_hurt_region.
Inflation rumours derail Vietnamese shares
Rumours that Vietnam was in for another surge in inflation sent stocks tumbling on Friday.
READ MORE: http://www.aseanaffairs.com/vietnam_news/capital_markets/inflation_rumours_derail_shares
Indonesia could build 30 nuclear reactors
Indonesia has the capability to build more than 30 nuclear reactors given its geological conditions and adequate material supplies, an expert says.
READ MORE: http://www.aseanaffairs.com/indonesia_news/energy/indonesia_could_build_30_nuclear_reactors
Malaysian growth can top 6 percent
Malaysia's economy can grow beyond 6 percent this year despite the challenging external environment, says Prime Minister Datuk Seri Najib Tun Razak. READ MORE: http://www.aseanaffairs.com/malaysia_news/economy/malaysian_growth_can_top_6_percent
Asean integration is coming
The 10 Asean economies have moved closer to removing import taxes and business barriers to market penetration and competitiveness in terms of scale, say business representatives.
READ MORE: http://www.aseanaffairs.com/thailand_news/economy/asean_integration_is_coming
Suu Kyi reunites with son
Myanmar's pro-democracy leader Aung San Suu Kyi was reunited Tuesday with a son she last saw a decade ago, in an emotional moment at the Yangon airport 10 days after she was released from detention.
READ MORE: http://www.aseanaffairs.com/myanmar_news/politics/suu_kyi_reunites_with_son
Malaysia's Petronas Chem IPO to debut
Petronas Chemical Group Bhd's (PCG) initial public offering (IPO), which is Southeast Asia's biggest, is set to create a lot of buzz among both local and foreign investors and outshine that of other big-capitalised firms on Bursa Malaysia Securities.
READ MORE: http://www.aseanaffairs.com/malaysia_news/investment/malaysia_s_petronas_chem_ipo_to_debut
PTT makes Canadian purchase
PTT Exploration and Production Plc (PTTEP) has joined in the Canadian oil sands sector by paying US$2.28 billion for a 40 percent stake in the Kai Kos Dehseh (KKD) project operated by the Norwegian oil and gas company Statoil ASA.
READ MORE: http://www.aseanaffairs.com/thailand_news/energy/ptt_makes_canadian_purchase
Thai rice exports to continue strong
Rice exports from Thailand, the world's largest rice exporter, are forecast to reach 8.5-9.5 million tonnes next year, close to this year's estimated 8.5 million tonnes worth 200 billion baht despite being hit by the worst flooding in recent years.
READ MORE: http://www.aseanaffairs.com/thailand_news/agriculture/thai_rice_exports_to_continue_strong
Malaysia to become deepwater energy hub
Malaysia will soon become one of the world's four deepwater oil and gas hubs, standing shoulder-to-shoulder with industry leaders like the United States, Brazil and Europe.
READ MORE: http://www.aseanaffairs.com/malaysia_news/energy/malaysia_to_become_deepwater_energy_hub
Thailand unprepared for AEC
AEC preparedness poor.Thai business is still not ready to cope with tougher competition when the Asean Economic Community (AEC) that comes in 2015, the Thai Chamber of Commerce (TCC) reports.
READ MORE: http://www.aseanaffairs.com/thailand_news/trade/thailand_unprepared_for_aec
Restructuring Vietnam state enterprises
The ineffective use of capital, natural resources and personnel has made the restructure of Vietnamese state-owned enterprises (SOEs) imperative, warns Institute for Business Development President Dr. Dang Duc Dam.