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AseanAffairs Magazine September - October 2011
CONTENT • ASEAN TRAVELLER
• ASEAN MONEY • FEATURED COMPANIES
• ASEAN SECURITY

INSIDE OUT

• ASEAN TECH P

 

 

SAVE OUR PLANET
This year has seen increasing climate change disasters throughout the world.

In the cover story of this edition, Asean Affairs takes a look at the issues and possible solutions to reduce the costly

COVER STORY   Read More... 

Testimonials – What our Readers are saying about us
Read the full story.  Subscribe now!



BRUNEI BECOMES GLOBALIZED


BRUNEI
Brunei is reaching out to rest of the world.


According to a Swiss organization, the KOF Economic Institute that tracks the integration of countries into the global framework, Brunei Darussalam made the biggest jump among all countries in its recent Globalisation Index. Brunei jumped 38 places to 68 out of the 186 countries surveyed.

 

Brunei is the highest climber in the KOF Index of Globalisation, which measures the economic, social and political dimensions
of globalisation.

In the survey, Brunei is also ranked 152 in Economic Globalisation,
42 in Social Globalisation and 138 in Political Globalisation, as opposed to 150, 44 and 179, respectively, in 2010.  .......... 

 

 

 

LAOS TACKLES INFLATION


LAOS

Tiny Laos is showing bigger Asean economies how to tackle inflation

The inflation rate in Laos dropped substantially in July to 7.13 percent as the government increased efforts to address months of rising prices in the country.
 

The Ministry of Planning and Investment’s Statistic Bureau announced that the inflation rate was 7.13 percent in July, marking the first time in three months that the annual Consumer Price Index (CPI) has been below the projected annual GDP growth of 8.3 percent for this fiscal year.
 

Inflation was 9.24 percent in April, forcing the government to hold an urgent meeting with the involved sectors
to address the issue.
 

The inflation rate continued to increase to 9.76 percent in May and 9.52 percent in June, before dropping to 7.13 percent in July.
According to the bureau, the main driving forces of inflation in July were rising prices in the food and non-alcoholic beverages category, which recorded 9.42 percent growth compared to the same period last year, higher prices in the communication
and transport category, which increased by 10.84 percent, and prices for general goods and services, which recorded 8.13 percent growth. .......... 

 

 

CAMBODIA SETTLES WITH LAKESIDE RESIDENTS


CAMBODIA
Daily demonstrations in Phnom Penh were held by dispossessed lake residents


Prime Minister Hun Sen has signed off on an offer of on-site relocation for Boeung Kak lake residents, perhaps bringing to a close an embarrassing chapter in the development of Phnom Penh’s urban landscape.
 

Hun Sen signed a sub-decree on August 11 that set aside 12.44 hectares of Srah Chak commune in Daun Penh district to be “offered to the people” for on-site relocation.
 

The sub-decree ordered relevant ministries and Phnom Penh City Hall to “implement this sub-decree effectively.”
Community leaders yesterday responded positively to the offer, which was about 2.5 hectares less than they demanded.
Roughly 1,000 families, who have braved bloody rallies and remained steadfast in their epic fight for fair compensation or on-site housing, appear set to benefit from the deal.
 

Protests over the development had become a common occurrence in Phnom Penh, but apparently a stronger form of pressure came when the World Bank announced its suspension of millions of dollars in funding to Cambodia.
 

The international body announced it would not provide any new lending to Cambodia “until an agreement is reached with the residents of Boeung Kak lake”........... 

 

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