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DEMOCRACY TRIUMPHS IN THAILAND
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AseanAffairs Magazine May - June 2011
CONTENT • ASEAN TECH
• ASEAN ECONOMY • ASEAN TRAVELLER
• ASEAN MARKETING

• BEYOND ASEAN

• ASEAN POLITICS INSIDE OUT
• ASEAN TALK • BOLD NEW ASEAN

 

 

DEMOCRACY TRIUMPHS IN THAILAND
The election of Yingluck Shinawatra through a peaceful and democratic election may usher in a new period of political stability in Thailand.


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ECONOMY AND EMPLOYMENT RISE


SINGAPORE
People apply for jobs at a job fair in Singapore. Singapore’s unemployment rate fell to 1.9 percent, its lowest rate in three years.

Singapore’s unemployment rate fell to its lowest rate in three years as the economy and Singapore dollar continued on an upbeat note.

The overall unemployment rate fell from a seasonally adjusted 2.2 percent in December 2010, to 1.9 percent in March 2011.

Total employment rose by 28,300 in the first quarter of 2011, down from the seasonal high gains of 33,900 in the fourth quarter of 2010, which were driven by year-end hirings for the hoiday season. An estimated 54,300 residents were unemployed in March 2011.

Most of the gains in the first quarter of 2011 came from services, which added 26,500 jobs. All services industries expanded their workforce, led by community, social and personal services (9,000), professional services (4,400) and wholesale and retailtrade (3,400).

MOM also said job vacancies rose substantially by 32 per cent over the year to 49,300 in March 2011. However, after adjusting for seasonality, job vacancies rose by 17 percent over the quarter to 54,000, a new high since comparable series started in March 2006.......



TROUBLE ON THE SEAS


PHILIPPINES
Chinese vessels sailing in the South China Sea.
A long with another Asean member, Vietnam, the Philippines has experienced harassment from Chinese vessels while sailing in the South China Sea.

The Aquino administration has voiced criticism of escalating Chinese intrusions in the West Philippine Sea, including about six incidents in the Quirino Atoll (Jackson Atoll), Reed Bank and Amy Douglas Bank—all within the 200 nautical mile limit of the Philippines’ exclusive economic zone.

In undoubtedly a targeted response, the US Ambassador to the Philippines Harry Thomas Jr., said the Philippines could count on US support, including the ongoing dispute over the Spratly Islands. The waters off these islands are said to be rich in natural resources in the disputed areas including oil and gas, as well as fish. The Spratlys also lie close to some of the world’s most vital commercial shipping lanes.

That’s what lies behind China’s aggressive tactics in the sea.

Philippines President Aquino was at the speech that the ambassador gave and admitted that the Philippines needed help from the United States in its increasingly tense dispute with China over rival claims to what the Philippines refers to as the Spratlys in the West Philippine Sea (South China Sea)..............


 


BUSY YEAR FOR M&A


VIETNAM
  
The new regulations on the ownership ratios in Vietnamese telecom companies stipulated in the Decree No 25, which will take effect from June 1, 2011, are believed to accelerate the process of merger and acquisition (M&A) in the telecom sector.

C
orporate restructuring, private placement of shares, and the search for strategic partners will keep the Vietnamese mergers and acquisitions (M&A) market busy this year and in 2012, experts told a forum held in HCM City.

Last year 345 deals worth around US$1.7 billion were done in the country, up from 295 and $1.1 billion in 2009.

There is increasing interest in corporate restructuring by businesses and strategic stake sales by large state-owned firms like Vietcombank, MobiFone, and VinaSteel, indicating these would be the driving forces for M&A activity.

Private companies like Vincom and FPT also have plans to restructure their affiliates...............


 

 

 

 

 

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