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NEWS UPDATE
NEWS UPDATE     November 29, 2018

• Indonesia's digital economy to dominate Southeast Asia by 2025

• China, Myanmar vow to push forward building of China-Myanmar Economic Corridor

• Vietnam, Thailand to supply NFA with 203,000 metric tons of rice

• BI to formulate seven policies to help economy in 2019

• November sees trade deficit of $400 million



November 2, 2018
• Internet freedom rating drops in Myanmar: FEM

• Government mulls over imposing gas DMO to curb electricity rates

• PHL strong enough to ‘weather’ economic storms, Dominguez claims

• Purchasing power rises quickly


• More investors to return to stock market if inflation slows down


October 30, 2018
• Pertamina, Aramco to meet on refinery project next week

• Stimulating local financing soon

• Telkom revenue up, but profit down

• DOF: China is PHL's biggest trading partner


• PAN Group locks foreign ownership limit at 49%


October 29, 2018
• Myanmar-Singapore joint venture increases capital in aviation fuel import

• Adaro posts higher coal production and sales in Q3

• Tourism to get a boost from Boracay’s reopening


• Workers' Party MPs close fundraising appeal after raising more than S$1m for legal fees

• Vietnamese banks have eye on foreign markets



October 23, 2018
• Myanmar welcomes more investment from Hong Kong

• 18 Indonesian food producers display products at SIAL Paris

• Phnom Penh SEZ gets $10M in investment

• No strong reason for BI to increase key rate next month: CORE

• Philippine banks to finance more green projects



October 22, 2018
• Bank Indonesia projects 0.12% inflation in October

• Vietnam is most globalized populous economy

• Singapore agency predicts a positive forecast for Myanmar economy

• VN to import 300,000 tonnes of raw cashew

• Inflation soars to 6.2% in Q3



October 11, 2018
• Bank Indonesia sees full-year inflation at 3.4 percent

• Philippine trade deficit widens to $3.51B in August

• Indonesia must boost resilience with global risks on the rise: OECD

• Banks required to meet capital demands of rice exporters

• Joint oil exploration not tackled during PHL-China loan talks —DOF



October 10, 2018
• External pressures to continue into 2019: Sri Mulyani

• Myanmar to host ASEAN Committee on Culture and Information

• Viet Nam to make investment environment friendlier for investors: NA leader


• VN mobile testing app raises $3m


• Roque: Duterte ordered unlimited rice importation to bring down food prices


October 9, 2018
• Indonesia Pavilion offers development, investment, culture to IMF-WB delegates

• Tightened monetary policy forecast for Q4 2018

• Consortium set to build 12 story high-rise in Yangon

• Binh Thuan looks to coastal economy


• ADB publishes estimated GDP figures for 2018/19



October 8, 2018
• Myanmar may lose EU trade privileges

• PHL foreign reserves dip to 7-year low at $75.16B by end-September

• Vietnamese office market has huge potential for growth

• BSP hints ‘strong tightening bias’ despite below-forecast inflation

• Trade news dampens local stocks



October 5, 2018
• Economists see inflation slowing down starting October

• Mitsubishi announces plan to increase production capacity in Indonesia

• FDI policy shift aims to support domestic firms

• Tax revenue collection reaches Rp 900.82t up to September

• VinFast uses one of the best engines in the world



October 4, 2018
• Border trade increased by US$592 million

• Economic chief needs time to explain rupiah drop

• Gov’t urged to be more vigilant in monitoring changes in global oil prices

• Telkom announces free telephone call, SMS services in earthquake-hit areas

• PetroVietnam enjoys thriving business thanks to crude oil price hike



October 3, 2018
• Gov’t meeting highlights positive economic performance in 9 months

• Indonesia records 0.18 percent deflation in September


• P2P lending company raises $3 million in funding

• Yangon allows 92 investment enterprises from 10 foreign countries

• Singapore eyes Vietnamese tourist dollar



October 1, 2018
• PHL gov't debt swells to P7.104 trillion by end-August

• Visa restrictions relaxed for visitors from Japan, China and Hong Kong

• Economic stability first, growth next: Minister

• IMF lowers 2018 growth forecast for PHL to 6.5 percent

• Indonesia to offer six projects at IMF-World Bank Annual Meetings



September 27, 2018
• Singapore's manufacturing output rises 3.3% in August, its lowest growth rate in 2018

• Indomaret tops retailer list with US$4.89b in sales

• Beijing’s involvement in Myanmar peace does not amount to interference

• Banks unexpectedly drop deposit rates


• Phu Quoc aims to become special economic zone



September 26, 2018
• Only 4.6 GW of electricity projects can be delayed: Official

• PHL wholesale prices up 9.0% in July, from 2.7% a year earlier

• Current account deficit to continue through Q3: Finance Minister


• Indonesia takes part in top French tourist fair to boost arrivals

• Duterte issues measures to tame inflation



September 25,  2018
• Tourism boom fuels upscale hotel supply: Grant Thornton chief

• Exports reach 7.64 billion

• HCM City tries to control soaring property prices

• Construction of road near ‘No Man’s Land’ in Thai-Myanmar border river suspended


• Budget dept. releases P662.5M to replenish DSWD’s quick response fund



September 24,  2018
• Ha Noi’s lucrative property market attracts foreigners

• U.S. dollar exchange rate results in commodity price hike

• Two plants praised for improvements

• BSP sees inflation reaching its peak in September

• PM: Viet Nam welcomes German investors



September 21,  2018
• Government expects to name operators of 7 blocks in November

• Canadia sets aside $150M for SMEs

• Government cancels import of 600,000 tons of rice

• PM calls for Kingdom to diversify economy

• China, Myanmar vow to boost Belt and Road cooperation



September 20,  2018
• Budget committee agrees to set cost recovery target at $10.22b

• Negotiations on minimum wage go on


• Indonesia won't need to import rice through June 2019: Logistics chief

• PHL payments position swings to surplus in August

• Environmental auditing contributes to sustainable development: ASOSAI 14 opening



September 19,  2018
• Focus on China, new safety measures to aid tourism

• BI intervenes as rupiah hits Rp 14,900 against dollar

• VN-China trade fair to open in Lang Son

• IMF-WB Meeting expected to boost Bali's economic growth

• VN, France sign statement on defence ties



September 18,  2018
• Indonesia books US$1.02 billion trade deficit in August

• August car imports up

• Accelerating economic activity pushes up energy imports

• ASEAN Clean Tourist Awards presented to Hoi An, Hue, Da Lat


• Trade with China totalled US$4 billion (April to July)


August 20,  2018
• Government projects 5.3% economic growth in 2019

• Global domain names come to VN

• Government targets 12.9 percent growth in 2019 state revenue

• Eastern Telecom to spend P1B on 2018 expansion


• Vinh Hoan exports jump in July



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