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Asean Affairs 2 October 2011
By David Swartzemtruber
AseanAffairs 2 October 2011
These were the most newsworthy stories published by Asean Affairs during the week of September 24-30.
Philippines may ditch public-private plan
The Aquino administration may ditch its stalled public-private partnership (PPP) scheme and instead go it alone in pursuing key infrastructure projects, according to the Department of Transportation and Communications (DOTC).
READ MORE: http://www.aseanaffairs.com/philippines_news/infrastructure/philippines_may_ditch_public_private_plan
Indonesia cancels Thai rice deal
Indonesia will scrap its plan to buy 70,000 tonnes of rice worth 1.37 billion baht from Thai exporters as a protest against the cancellation of a sale by the Thai government, say rice exporters.
READ MORE: http://www.aseanaffairs.com/indonesia_news/commodities/indonesia_cancels_thai_rice_deal
First-car program upsets Ford
Ford Motor Co is objecting to the Thai government's first-time car buyer program, which caps engine sizes of 1,500cc for qualifying passenger sedans, could cost it as much as 6.1 billion baht in lost revenue.
Indonesian oil production takes a hit
Following a fire that last week gutted the Lentera Bangsa floating storage and offloading vessel in southeastern Sumatra, Indonesia may not meet its oil production target for this year, a government official said.
Japanese companies expand in Philippines
Phillipine President Benigno Aquino 3rd on Tuesday reported from Tokyo that four big Japanese business firms have committed to expand their presence in the Philippines.
READ MORE: http://www.aseanaffairs.com/philippines_news/economy/japanese_companies_expand_in_philippines
Critical flood situation in Thailand
Thailand’s Prime Minister Yingluck Shinawatra has instructed cabinet ministers and Pheu Thai MPs to visit and stay overnight in flood affected areas because the flooding is now at critical levels, reports said.
READ MORE: http://www.aseanaffairs.com/thailand_news/environment/critical_flood_situation_in_thailand
US miners blocking renegotiations
Efforts by the Indonesian government to review the so-called contract of work with miners operating in the country have not yielded positive results, as two US companies are impeding the process, a government official said.
Malaysia looks to split up power supplier
The Malaysian government is looking into the proposal to split Tenaga Nasional Bhd (TNB) into the three units of power distribution, generation and transmission.
READ MORE: http://www.aseanaffairs.com/malaysia_news/energy/malaysia_looks_to_split_up_power_supplier
Singapore developers pursue Chinese
Ever since Jacky Zhang visited a few Singapore booths at an international property fair two weeks ago, his iPhone has been ringing with invitations to join special property-viewing group tours in the city-state.
Foreigners bought Vietnamese bonds
Foreign investors bought Vietnamese Government bonds worth VND20 trillion (US$961.5 million) and unloaded VND14 trillion ($673.1 million) from September 2010 to August 2011, accounting for 17 percent and 24 percent, respectively, of total market transactions.
Church bombing paves way for intelligence bill
Sunday’s suicide bombing at a church in Solo, Indonesia has galvanized lawmakers and the government to set their differences aside and agree on long-disputed clauses in a draft bill on intelligence.
Singapore: “most competitive IT market”
Singapore has risen six places to become the most competitive IT market in Asia Pacific.
Call for Thai economic reset
The government should review its economic policies and reset their priority in order to catch up with the current global economic situation, Paiboon Narintarangkul, chairman of the Federation of Thai Capital Market Organisations, said on Tuesday.
Militant role in Sunday church bombing
Sunday’s suicide bombing at a Protestant church, the first major terror attack in Solo, has exposed the city to scrutiny for its role as a militant stronghold as police sources say they are searching for a man linked to the bombing of a mosque in Cirebon in April.
READ MORE: http://www.aseanaffairs.com/indonesia_news/security/militant_role_in_sunday_church_bombing
New Thai rice program causing global instability
A populist policy aimed at boosting the incomes of Thai farmers has raised fears of global rice price turbulence, and experts say Thailand could just be hurting itself.
READ MORE: http://www.aseanaffairs.com/thailand_news/commodities/new_thai_rice_program_causing_global_instability