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|| 7 November 2010
By David Swartzentruber
AseanAffairs 7 November 2010
These were the most significant stories that appeared on Asean Affairs during the week of October 29-November 5.
Asean enlists US to balance China
Southeast Asian nations are apparently using the United States in a move seen as a counterpoint to offset aggressive Chinese moves in the South China Sea. READ MORE: http://www.aseanaffairs.com/asean_news/politics/asean_enlists_us_to_balance_china
Air traffic returns
The number of passengers passing through Thailand's six main airports last month including Suvarnabhumi, one of the world's busiest airports, has increased by 5.57 percent, reflecting a return to normal growth following the political turmoil from March to May.
READ MORE: http://www.aseanaffairs.com/thailand_news/aviation/air_traffic_returns
Thai baht rises more than any currency except yen
A major Thai bank forecasts the Thai baht will reach 28 baht per US dollar next year and keep rising to hit 25 baht within two years.
READ MORE: http://www.aseanaffairs.com/thailand_news/economy/thai_baht_rises_more_than_any_currency_except_yen
Clinton visits Malaysia
US Secretary of State Hilary Rodham Clinton's visit to Malaysia next week, will see a full display of the flourishing relationship between the two countries, said Kurt M. Campbell, the Assistant Secretary at the Bureau of East Asian and Pacific Affairs at the US State Department.
READ MORE: http://www.aseanaffairs.com/malaysia_news/politics/clinton_visits_malaysia
Indonesia should shift spending to growth
The club of developed economies, the Organization of Economic Cooperation and Development (OECD) has suggested that Indonesia shift government spending away from inefficient subsidies toward programs that will help the country meet its ambitious medium-term growth and poverty reduction targets.
READ MORE: http://www.aseanaffairs.com/indonesia_news/economy/indonesia_should_shift_spending_to_growth
Junta could stay
Myanmar's military rulers threatened on Monday to cling to power if the public abstained from voting in Sunday's long-awaited election and blamed foreign media for trying to derail the poll. The military, which has run the country since a 1962 coup, said 13 foreign news organisations had colluded with opposition movements to discourage people from voting and create 'great troubles' for the country.
READ MORE: http://www.aseanaffairs.com/myanmar_news/politics/junta_could_stay
Ratchaburi power looking at Laos
Ratchaburi Electricity Generating Holding is eyeing equity participation in two more 1,500MW hydropower projects in Laos under its long-term business plan.
READ MORE: http://www.aseanaffairs.com/laos_news/energy/ratchaburi_power_looking_at_laos
Foreign investment in Indonesia up 32 percent
Indonesia saw foreign direct investment jump 32 percent to Rp 111.1 trillion ($12.4 billion), excluding oil and gas, and banking, in the first nine months of the year, with the property sector attracting the most investment.
READ MORE: http://www.aseanaffairs.com/indonesia_news/investment/foreign_investment_in_indonesia_up_32_percent
New effort urged to restructure Vietnamese firms
Overhauling and restructuring state enterprises remains the focus of the country, although the process has been implemented for the past 20 years, says a senior economist.
READ MORE: http://www.aseanaffairs.com/vietnam_news/economy/new_effort_urged_to_restructure_vietnamese_firms
Singapore opens solar plant
One of the world's largest integrated solar plants opened in Singapore on Wednesday, marking a milestone in the country's fledgling clean technology industry.
READ MORE: http://www.aseanaffairs.com/singapore_news/energy/singapore_opens_solar_plant
Malaysia moves up on doing business scale
Malaysia has moved up two places to become the 21st easiest place to do business in the world according to the World Bank.
READ MORE: http://www.aseanaffairs.com/malaysia_news/economy/malaysia_moves_up_on_doing_business_scale
Long road to bourse merger
Magnus Bocker, CEO of the Singapore Exchange, said the road to a successful merger with the Australian Securities Exchange will be "long and bumpy".
READ MORE: http://www.aseanaffairs.com/singapore_news/capital_markets/long_road_to_bourse_merge
Myanmar's Internet "under attack"
A massive cyber attack has crippled Internet services in Myanmar ahead of Sunday's election, IT experts and web service providers say, raising fears of a communications blackout for the vote.
READ MORE: http://www.aseanaffairs.com/myanmar_news/it_&_electronics/myanmar_s_internet_under_attack
Vietnam calls for infrastructure aid
The Vietnamese government has called for closer cooperation with international organisations to improve its transport sector, one of the three key factors in the nation's socioeconomic development.
READ MORE: http://www.aseanaffairs.com/vietnam_news/infrastructure/vietnam_calls_for_infrastructure_aid