|Top News from Southeast Asia
August 21 , 2011
These were the most important news stories published by Asean Affairs during the week of August 13-August 19.
Aquino visits China in midst of sea dispute
Benigno Aquino 3rd will hold his first state visit to China from August
30 to September 3 to “strengthen the over three decades of friendship
and mutually beneficial relations” between Manila and Beijing, the
Department of Foreign Affairs said on Thursday.
READ MORE: http://www.aseanaffairs.com/philippines_news/politics/aquino_visits_china_in_midst_of_sea_dispute
Proposed Thai wage hike may be optional
The government's plan to raise the minimum wage to 300 baht
(US$10) a day nationwide took a new twist yesterday when Deputy Prime
Minister Kittiratt Na-Ranong hinted it would not be mandatory for
READ MORE: http://www.aseanaffairs.com/thailand_news/labor/proposed_thai_wage_hike_may_be_optional
Myanmar newspapers remove anti-Western slogans
Myanmar's state-run newspapers dropped back-page banners
attacking Western media for the first time in four years on Wednesday,
the latest indication its new government could be softening its stance
towards opposition voices.
READ MORE: http://www.aseanaffairs.com/myanmar_news/media/myanmar_newspapers_remove_anti_western_slogans
Dollars flood Singapore
Singapore is attracting an unwelcome flood of US dollars that has
caused a key interest rate to turn negative, complicating efforts to
dampen inflation and prompting speculation the central bank will tweak
its policy to slow the rapid rise in the country's currency.
READ MORE: http://www.aseanaffairs.com/singapore_news/economy/dollars_flood_singapore
Cash shortage delays Vietnamese projects
The Ministry of Transport is trying to speed up delayed traffic projects of all types, including Da Nang International Airport.
FTA consolidation proposed
Japan proposed the consolidation of free-trade pacts with Asean into
a single agreement for 16 countries, said Srirat Rastapana,
director-general of the Thai Trade Negotiations Department.
Hun Sen signs off on lake residents relocation
Cambodian 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
Yingluck’s rice subsidy to hit consumers
Yingluck Shinawatra became Thailand’s first female prime
minister by pledging to lift rural incomes through higher rice prices.
The rest of Asia may now have to pay for her campaign promise.
Tax holiday for high-value Indonesian investors
To boost foreign direct investment into Southeast Asia’s largest
economy, Indonesia on Monday said it planned to grant tax holidays for
major investors in select sectors.
Iskandar investments expected to reach goal
Iskandar Malaysia attracted about RM95bil (US$ 31.6
billion) in committed investments from January to June 2011, according
to Iskandar Regional Development Authority (Irda) chief executive
officer Ismail Ibrahim.
“Philippine customs agents should be jailed”
A ranking House of Representatives member said 14 officials
of the Bureau of Customs (BOC) that should be booked for theft and
smuggling after 1,910 container vans that hold high-duty goods went
missing since January.
New finance minister prods central bank
New Finance Minister Thirachai Phuvanat-naranubala is
questioning the Bank of Thailand's hawkish focus on inflation by lifting
the policy interest rate again, saying it would be a key obstacle for
Immigrant worker registration extension welcomed
The Malaysian government’s decision to extend the deadline
to register illegal immigrants under the legalisation and amnesty
exercise to August 21 has been welcomed.
Fugitive ex-PM Thaksin gets Japanese entry
Breaking a long-standing policy of not permitting foreigners with
criminal records to enter Japan, the Japanese government will allow
entry to deposed Thai prime minister Thaksin Shinawatra later this
month, Foreign Minister Surapong Towijakchaikul said yesterday.
GM, Peugeot to revive Indo plants
General Motors and Peugeot plan to revive their assembly plants in
Indonesia, following moves by other car makers that are using the nation
as a base for exporting to the region.
Talks with Suu Kyi continue
Myanmar's army-backed regime held out an olive branch to
its critics Friday, pledging to continue talks with democracy icon Aung
San Suu Kyi and to allow a visit by a UN human rights envoy.