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ASEAN ANALYSIS  1 October 2010

Weekly Summary

By David Swartzentruber
AseanAffairs   2 October 2010

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These were the most significant stories on Asean Affairs during the week of September 25-October 1:

Thailand could hold early 2011 elections
Thai Prime Minister Abhisit Vejjajiva said on Friday that elections could take place early in 2011 if the opposition red shirts prove they can remain peaceful. READ MORE:

US-Asean second summit
US and Southeast Asian leaders on Friday sought to cement increasingly interrelated political, economic and security ties at their second full-scale summit, the first in the United States.

1,000 no barrier for Thai bourse
Thai brokers remain bullish that the Stock Exchange of Thailand can top 1,000 points by the end of 2010 because of continued foreign fund flows.

Philippines behind US garment bill
THE Philippine government this week is making a big push for a US bill that would benefit Filipino garment makers.

Aquino stands up to Church
The Philippine government will provide contraceptives to poor couples who request them despite strong opposition from the dominant Roman Catholic Church, President Benigno Aquino 3rd said on Monday. Speaking during a satellite television interview from the United States where he is on a seven-day visit, President Aquino stressed that the number of children a couple had was a matter of personal choice.

Clothiers concerned about Cambodian unrest
Clothing brands Adidas, Gap, H&M and Levi's are concerned about the recent unrest in the Cambodian garment industry, as talks between unions and manufacturers kicked off on Monday.

Malaysia to become investment choice
Malaysia is on the right track to become the preferred investment destination in Asia but it needs to leverage on its competitive advantages to gain foreign investments, according to industry experts.

Arson-hit mall reopens
CentralWorld, the central Bangkok shopping mall hit by red shirt arsonists May 19, reopened on Tuesday and the occasion served as a platform for the corporate executives of retail developer Central Pattana Plc (CPN), to discuss the company's plans.

Indonesia set for rating upgrade
The government will not allow a bubble to occur in the country's financial markets, and will likely receive an investment-grade credit rating early next year, Finance Minister Agus Martowardojo said on Wednesday night.

Ratings firm says growth to taper
Standard & Poor's (S&P) warned that the strong growth of the Philippine economy, alongside those of four other developing member-countries of the Association of Southeast Asian Nations (Asean), will likely taper next year as stimulus effects start to recede.

Indonesia, Thailand talk trade, investment
Thai and Indonesian enterprises are showing interest in strengthening trade and investment cooperation, thanks to significant growth in both markets and their moves towards a single market under the Asean Economic Community (AEC).

Church may boot Aquino
The Catholic Bishops' Conference of the Philippines (CBCP) said that there is a possibility that President Benigno Aquino 3rd could be excommunicated and expelled as a member of the Roman Catholic Church if he continues to advocate his plan to make contraceptives available to poor couples who request them.

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