|Top News from Southeast Asia
September 18 , 2011
These were the most newsworthy stories published by Asean Affairs during the week of September 10-16.
Cambodian growth projected at 6.8
The Asian Development Bank yesterday countered Prime
Minister Hun Sen’s prediction that gross domestic product growth will
reach 8.7 percent this year, citing a smaller projection of 6.8 percent
in its annual Asian Development Outlook update.
READ MORE: http://www.aseanaffairs.com/cambodia_news/economy/cambodian_growth_projected_at_68
Najib announces major law changes
Malaysians received a significant Malaysia Day present in the form
of greater civil liberties and democratic reforms under sweeping changes
announced by Prime Minister Datuk Seri Najib Tun Razak.
Top rice exporters to meet
The world's two biggest rice exporters, Thailand and Vietnam, will hold
talks today (Sept. 16) on future trade arrangements and the effects from
the Thai government's revival of the crop mortgage scheme.
READ MORE: http://www.aseanaffairs.com/thailand_news/agriculture/top_rice_exporters_to_meet
Floods on their way to Bangkok
Water runoff from the north is threatening Bangkok as overflow from
the Chao Phraya River has flooded part of Bang Pa-in district in
READ MORE: http://www.aseanaffairs.com/thailand_news/environment/floods_on_their_way_to_bangkok
Vietnam: Xayaburi dam may cause earthquakes
The Xayaburi dam project in northern Laos might increase
the probability of earthquakes in a region already prone to seismic
activity, according to a recently translated report from Vietnam.
100,000 Indonesians face food crisis
Almost 100,000 people in Indonesia’s East Nusa Tenggara province
were facing a serious food crisis, an official said on Tuesday.
Goldman, Morgan move on Indonesia
Goldman Sachs and Morgan Stanley are each in talks to buy an
Indonesian brokerage firm to expand their reach into the booming capital
market of Southeast Asia’s biggest economy, sources said.
Myanmar releases prisoners
Myanmar has released about 20,000 prisoners this year under an amnesty program, the country's foreign minister said on Tuesday.
Central Thai bank OKs debt level
The Thai government's budget deficit of 350 billion baht for fiscal
2012 is suitable for economic needs as it keeps public debt in check,
says Prasarn Trairatvorakul, the Bank of Thailand governor.
READ MORE: http://www.aseanaffairs.com/thailand_news/economy/central_thai_bank_oks_debt_level
Razak hopes medical school halts “brain drain”
It is hoped the newly-opened Perdana University, a
collaboration with two renowned international medical universities, will
prevent a brain drain of top medical graduates from Malaysia.
Philippine FDI increases
Foreign direct investment (FDI) inflows rose by more than a
fourth in June on the back of the Philippines’ sound macroeconomic
fundamentals and improved investor risk appetite, the Bangko Sentral ng
Pilipinas (BSP) said on Monday.
READ MORE: http://www.aseanaffairs.com/philippines_news/investment/philippine_fdi_increases
Wage hike debate continues in Thailand
A rapid increase in wages would be economically disruptive
and could lead to higher unemployment as companies shed jobs to reduce
production costs, economists told a seminar yesterday.
Philippines urged to delay wind, solar projects
The Federation of Philippine Industries is urging the Energy
Regulatory Commission (ERC) to defer the issuance of feed-in tariff
(FIT) rates for wind and solar power projects as these technologies are
still too expensive to use as mainstream power sources.
UN to aid Vietnam in social policy, climate change
The United Nations Development Program (UNDP) will support
Vietnam in creating development policies, focusing on social security,
law reform and the capacity to cope with climate change.
READ MORE: http://www.aseanaffairs.com/vietnam_news/economy/un_to_aid_vietnam_in_social_policy_climate_change
Extremists killed in the Philippines
Philippine soldiers killed three Al-Qaeda-linked extremists
in a gun battle in the southern Philippines on Sunday, a military
SBY invites criticism of his anti-graft program
Indonesian President Susilo Bambang Yudhoyono used the occasion of
his 62nd birthday — and his party’s 10th — on Friday to reaffirm his
administration’s commitment to tackling corruption.
READ MORE: http://www.aseanaffairs.com/ indonesia_news/politics/sby_invites_criticism_of_his_anti_graft_program
US looks at investment in Laos
U.S. companies, whose investments trail far behind those of
China, Vietnam and Thailand in communist Laos, are turning their
attention to the poor but fast-growing nation, an official said
Malaysia to set minimum wage
Malaysia is currently gearing up for its own version of minimum
wage. The National Wages Consultative Council Bill has already been
passed since the middle of this year after a four-hour heated debate at
parliament to make way for the implementation of minimum wage in the
READ MORE: http://www.aseanaffairs.com/malaysia_news/labor/malaysia_to_set_minimum_wage
Pheu Thai wants Thaksin back
In case there has ever been a question about it, Deputy Prime
Minister Chalerm Yumbamrung said on Friday that the Pheu Thai party
would continue to pursue an amnesty for fugitive former Thai prime
minister, Thaksin Shinawatra. After all, his youngest sister, Yingluck
Shinawatra, is the current prime minister.
Investors buy land around HCM City
The land market in three neighbouring provinces of HCM City, Binh
Duong, Long An and Dong Nai, is showing signs of recovery, with 85 lots
in the IJC Commercial Town project in Binh Duong Province's My Phuoc
District selling out in the morning in their first day on offer late