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NEWS UPDATE
NEWS UPDATE       May  26, 2017

• Singapore maintains 2017 growth forecast as economy expands 2.7% in Q1

• Vertiv expands after rebranding

• 2nd round of Myanmar peace talks begins as China brings ‘soft power’ to process

• Insurance fund rejects $132 million, citing fraud

• Japan firms link up to offer leasing



May  25, 2017
• PHL banking sector to continue growing medium-term

• Indonesia, Canada launch local economy development program

• Official decries CNRP plan to slash ministry budgets

• Krakatau Steel eyes $10 million net profit

• Sugar rush puts monster mill well ahead of target



May  24, 2017
• Singapore's inflation rate dips in April

• Association expects slow auto sales this year

• Myanmar’s trade with ASEAN member countries reaches 9.6 bn USD

• Moody’s: Strong FDI will continue to help VN diversify economy

• EU-PHL trade up despite complicated relations



May  23, 2017
• Southeast Asia’s internet economy tops US$50 billion

• Commune elections 2017: Parties already file complaints

• Quang Ngai wants $4.25b of investment

• Investment saving balance of payments
• Investment saving balance of payments

• Axiata sells 10% stake in Cambodia’s Smart



May  22, 2017
Bank Indonesia keeps rate unchanged at 4.75 percent

• $51 million net 'hot money' entered PHL in April


• MFI slowdown: real or illusory?

• Slow economy drags Philippine share prices lower


• VN boosts higher education, green growth cooperation with Belgium


May  19, 2017
• PHL GDP grows slower than expectations at 6.4% in Q1

• VN should move away from coal power: GGGI

• Oil and gas losing ground to renewables

• Singtel reports S$3.85b full-year net profit
• Singtel reports S$3.85b full-year net profit

• Myanmar’s army sues journalists for satirical article
• Myanmar’s army sues journalists for satirical article


May  18, 2017
• Singapore exports down 0.7% in April after 5 straight months of growth

•Tourism growth boosts development of resort property market

• Petroleum businesspeople call for increased govt efforts

• Chandra Asri profits surge in Q1 amid high margins

• PHL needs to strengthen trade ties with China after 'One Belt, One Road'



May  17, 2017
• Indonesian exports decline in April

• Singapore sovereign fund GIC says it pared UBS stake at a loss

• SDIP set to mobilise infrastructure funding


• Italy seeks stronger economic ties with ASEAN

• PHL needs to strengthen trade ties with China after 'One Belt, One Road'



May  16, 2017
• Containers organised in stacks at the Shanghai Free Trade Zone.

• Philippine Q1 agriculture output up 5.28% year-on-year


• VN Index to test 730 points this week

• Energy policy needs flexibility

• Private home sales down 12.6% in April



May  15, 2017
• Indonesia records $4.5b surplus in balance of payment

• Uber taxi service enters Myanmar

• Palm oil exports increase by 23.5 percent in Q1

• IPU delegation plants trees in HCM City

• Stronger ties critical to development of both Viet Nam, China: President



May  12, 2017
• Philippines wants more foreign investors in golden age of infra

• Indonesia's flip-flop policy on Freeport to damage investment climate

• Belt and Road Initiative to benefit Lao economy


• Youth keying into digital economy

• China, Myanmar must cooperate to overcome challenges on Belt and Road



May  11, 2017
• Port operator’s IPO share price set near high tide mark

• OCBC Q1 net profit up 14%, rebounding from previous quarter


• Myanmar takes measures to control price manipulation in industrial zones

• Private investment up in 2017

• Rice federation sticks to its fees



May 9, 2017
• Myanmar’s Shwedagon Pagoda attracts over 40,000 foreign visitors last month

• Inspection teams set up for serious corruption cases

• Bottled water producer Sariguna Primatirta listed on IDX

• Aquaculture export to reach $13b


• ASEAN members expect benefit from Belt and Road Initiative


May 8, 2017
• PH foreign reserves rise to USD81.82 billion in April

• Infrastructure development on track: Jokowi

• Myanmar says fake news being spread to destabilize government, vows action


• Collaborations sought to boost financial ecosystem growth

• Acleda profiting in foreign markets



May 5, 2017
• WEF forum to bring new investment

• IIP rose 5.1% in last four months


• Indonesia has increased its score on the 2017 Global Muslim Travel Index

• Malaysia's US$1.7 billion property deal to cut 1MDB debt falls through

• MMI eyes Rp 50 trillion in AUM this year



May 4, 2017
• PH’s domestic liquidity slows down as bank lending remains strong

• CNRP tried ‘revolution’ after 2013 election: Kheng

• Singapore's artificial intelligence capabilities to get S$150m boost

• No talk of Papua at Press Freedom Day

• VN trade value up 20.1 per cent in four months



May 3, 2017
• Indonesia-Denmark launch wind power map

• IFC and Myanmar central bank promote new credit reporting regulation

• Singapore, US look to deepen ties in fintech, e-commerce

• Amman to start smelter construction in early 2018


• Former New Zealand PM on Asia’s strong growth, replacing the TPP, and the economic outlook for Cambodia


May 2, 2017
• Moody’s and SP affirms Viet Nam’s sovereign rating

• ASEAN gives Beijing a pass on South China Sea dispute, cites 'improving cooperation'

• PLN to issue $3 billion in bonds in May

• Cusi courts ASEAN investors for power infra


• Red Planet Indonesia to start new hotel construction in Q4

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