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Asean Affairs 5 December 2010
By David Swartzentruber
These were the most significant stories published by AseanAffairs during the week of November 27-December 3.
AseanAffairs 5 December 2010
Indonesia plans new financial authority
Indonesia has adopted a radical restructuring of the way banking and financial services are policed with an agreement to set up a new supervisory authority. READ MORE:
Prices soar in Vietnam
As the lunar New Year festival approaches, the prices of goods have soared as usual. But the increase has come earlier this year. As the Vietnamese dong continues to depreciate, people have been faced with increased living costs.
Mekong delta farming rises
The Mekong River's delta has made a strong showing in agriculture and aquaculture and has become a magnet for many commercial banks, particularly those from the north of the country, looking to expand their business in coming years.
READ MORE: http://www.aseanaffairs.com/vietnam_news/finance/mekong_delta_farming_rises
India and Thailand expanding trade
India and Thailand are starting to work on an expanded version of the highly successful early-harvest scheme of their free trade agreement. Both countries are hopeful that trade and investment between the two nations will enjoy tremendous growth in the near future.
READ MORE: http://www.aseanaffairs.com/thailand_news/trade/india_and_thailand_expanding_trade
Businesses relieved at court verdict
Local and foreign businesses are relieved at the Constitution Court's dropping of the dissolution case against the ruling Democrat Party.
READ MORE: http://www.aseanaffairs.com/thailand_news/economy/businesses_relieved_at_court_verdict
Bank Indonesia may rein in hot money
In a bid to rein in hot money that threatens to unbalance the economy, Bank Indonesia is studying whether to impose a higher dollar reserve requirement on lenders, a central banker said. READ MORE: http://www.aseanaffairs.com/indonesia_news/finance/bank_indonesia_may_rein_in_hot_money
Indonesia on track for credit upgrade
Ratings agency Moody's said on Wednesday that it was putting Indonesia on review for a possible credit rating upgrade thanks to its economic "resilience" and improved management of the national finances.
READ MORE: http://www.aseanaffairs.com/indonesia_news/economy/indonesia_on_track_for_credit_upgrade
Malaysia unveils more projects
The government has unveiled nine more development and entry-point projects under the Economic Transformation Program, which involve investments of more than RM8.2 billion.
READ MORE: http://www.aseanaffairs.com/malaysia_news/economy/malaysia_unveils_more_projects
Malaysia relaxes on takeovers
Malaysia is the fastest growing market for mergers and acquisitions in the Asia-Pacific region as companies pounce on record valuations and improved takeover rules to catch up with rivals in India and Singapore.
READ MORE: http://www.aseanaffairs.com/malaysia_news/investment/malaysia_relaxes_on_takeovers
Thailand raises interest rates
The Bank of Thailand has followed regional central banks by increasing interest rates because of its concerns that low interest rates would fan inflation.
READ MORE: http://www.aseanaffairs.com/thailand_news/finance/thailand_raises_interest_rates
Indonesia seeks funding in Cancun
The Indonesian delegation to the United Nations Climate Change Conference in Cancun, Mexico, is hopeful that the meeting will agree on the provision of new funds to address the impacts of climate change, its chief said.
READ MORE: http://www.aseanaffairs.com/indonesia_news/environment/indonesia_seeks_funding_in_cancun
High-speed rail plan attracts interest in Thailand
Private train suppliers have expressed keen interest to join the bidding for the government's planned launch of high-speed train projects, with construction possibly starting late next year.
READ MORE: http://www.aseanaffairs.com/thailand_news/infrastructure/high_speed_rail_plan_attracts_interest_in_thailand