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Asean Affairs 5 June 2011
By David Swartzemtruber
AseanAffairs 5 June 2011
These were the most significant news stories published by Asean Affairs during the week of May 28-June 3.
US to continue Myanmar sanctions
US lawmakers this week proposed to extend sanctions on Myanmar, saying that the regime has not made true efforts to improve treatment of its people despite a political transition.
READ MORE: http://www.aseanaffairs.com/myanmar_news/politics/us_to_continue_myanmar_sanctions
Thai exports rise
Thailand’ export index in April rose 25 percent year on year but the export value of some goods dropped, according to the Thai National Shippers' Council (TNSC). TNSC chairman Paiboon Ponsuwanna said a survey of 25 industries showed the export index in April was 129.6, up 25 percent year on year, while the export price index was 149, up 32.8 percent year on year. The export volume index was 112.4, up 10.4 percent on year.
READ MORE: http://www.aseanaffairs.com/thailand_news/trade/thai_exports_rise
Laos fears growing Chinese presence
At casinos in the Laos town of Boten, guests are greeted with a deferential "ni hao", "hello" in Mandarin Chinese.
READ MORE: http://www.aseanaffairs.com/laos_news/economy/laos_fears_growing_chinese_presence
Indonesia needs to reduce red tape
Bureaucracy is the main obstacle standing between the government and its target of becoming one of the world’s 12 largest economies by 2025, economists say.
READ MORE: http://www.aseanaffairs.com/indonesia_news/economy/indonesia_needs_to_reduce_red_tape
Asean governments need to forego fuel subsidies
Asean governments have a narrow window of opportunity to pare back politically popular fuel subsidies on their own schedule before budgets or bond holders force their hands.
READ MORE: http://www.aseanaffairs.com/indonesia_news/energy/asean_governments_need_to_forego_fuel_subsidies
Philippines growth slows
Economists say the Philippines’ slowdown in the first quarter forecasts weaker growth for the rest of the year.
READ MORE: http://www.aseanaffairs.com/indonesia_news/economy/philippines_growth_slows
BMW expands Malaysia production
BMW Group Malaysia will be ramping up production at its local assembly facilities in Kulim, Kedah, by 50 percent for 2011, in line with its increased investment and the creation of more skilled jobs within the Malaysian automotive industry.
READ MORE: http://www.aseanaffairs.com/malaysia_news/automotive/bmw_expands_malaysia_production
Indonesia leads coal exports through 2020
Indonesia will lead global growth in thermal coal exports in the next decade with producers Bumi Resources and Adaro Energy becoming two of the top three coal exporting companies worldwide by 2015, an energy consultancy firm said on Tuesday.
READ MORE: http://www.aseanaffairs.com/indonesia_news/energy/indonesia_leads_coal_exports_through_2020
Thailand tells court to drop case
The International Court of Justice should drop Cambodia's petition on Preah Vihear temple, Thailand says.
READ MORE: http://www.aseanaffairs.com/thailand_news/politics/thailand_tells_court_to_drop_case
Vietnamese state firms told to sell dollars
State-owned groups, corporations and enterprises that are over 50 percent State-owned will have to sell foreign reserves (US dollars) to commercial banks from next month, pursuant to a circular released yesterday by the State Bank of Viet Nam, in a move seen by many as controversial.
Thai political parties pitch stronger markets
Thai political parties are promising to push forward with developing the competitiveness of the Thai capital market, linking regional markets and improving people's financial literacy to create a strong investment culture.
READ MORE: http://www.aseanaffairs.com/thailand_news/capital_markets/thai_political_parties_pitch_stronger_markets
Vietnam asks China to stop harassment
Vietnam has demanded that China immediately cease actions violating Vietnamese sovereignty and hindering Vietnamese fishing boats operating in the waters of the Truong Sa (Spratly) archipelago.
READ MORE: http://www.aseanaffairs.com/vietnam_news/politics/vietnam_asks_china_to_stop_harassment