|Top News from Southeast Asia
January 23, 2011
These were the most important stories published by Asean Affairs during the week of January 15-21.
Vietnam may allow businessmen to join Communist Party
Vietnam may officially allow private business owners to jopin the Communist Party for the first time, a move that could boost the country's image with foreign investors a decade after China adopted similar measures.
READ MORE: http://www.aseanaffairs.com/vietnam_news/politics/vietnam_may_allow_businessmen_to_join_communist_party
Asean ICT Masterplan adopted
The 10th Asean Telecommunications and IT Ministers (TELMIN) meeting here ended on a highly-successful note in Kuala Lumpur with the launch of the Asean ICT Masterplan as a definitive action plan to enhance connectivity among Southeast Asian nations and raise their competitiveness in the international arena.
READ MORE: http://www.aseanaffairs.com/asean_news/it_&_electronics/asean_ict_masterplan_adopted
Asean pushes for Myanmar boycott end
The Association of Southeast Asian Nations has agreed unanimously to call on the international community to end its boycott of Burma.
READ MORE: http://www.aseanaffairs.com/asean_news/politics/asean_pushes_for_myanmar_boycott_end
Reproductive health bill moves to Philippine Congress
THE controversial reproductive health (RH) measure and the freedom of information (FOI) bill are on top of Congress' agenda when it resumes sessions today.
READ MORE: http://www.aseanaffairs.com/philippines_news/politics/reproductive_health_bill_moves_to_congress
Nuclear energy for Malaysia
The recent flooding catastrophe in Australia that pushed up the coal price makes the case for Malaysia to seriously consider nuclear power to generate electricity, Tenaga Nasional Bhd (TNB) president and chief executive officer, Datuk Seri Che Khalib Mohamad Noh said.
READ MORE: http://www.aseanaffairs.com/malaysia_news/energy/nuclear_energy_for_malaysiaa
Chinese increase Thai investment
Chinese enterprises are boosting their investments in Thailand with the first of three joint ventures with Thai partners being a sprawling wholesale trading centre worth 6.2 billion yuan (Bt28.8 billion) near Bangkok.
READ MORE: http://www.aseanaffairs.com/thailand_news/investment/chinese_increase_thai_investment
Singapore fertility falls to record low
Preliminary estimates show that Singapore's total fertility rate dropped to a record low of 1.16 in 2010.This is even lower than the 1.22 in 2009, and well below the replacement rate of 2.1.
READ MORE: Indonesia gets rating increase to 1
Indonesia gets rating increase to 13-year peak
Moody's Investors Service gave Indonesia another nudge toward investment grade by raising the nation's sovereign rating, taking into account the economy's ability to weather the downturn, its manageable debt load and rising investment from overseas.
READ MORE: http://www.aseanaffairs.com/indonesia_news/investment/indonesia_gets_rating_increase_to_13_year_peak
Thai bourse's index soars 41 percent above 2010
The overview performance of the Thai capital market in 2010 improved year-on-year, whether in terms of indices, market capitalization, or trading value. The Stock Exchange of Thailand's SET Index closed 2010 at 1,032.76, up 40.60 percent from end-2009 and the second biggest rise in Asia.
READ MORE: http://www.aseanaffairs.com/thailand_news/capital_markets/thai_bourse_s_index_soars_41_percent_above_2010
Singapore Exchange to boast world's fastest trading engine
The Singapore Exchange (SGX), Asia's second-largest listed bourse operator, said today it will launch the world's fastest trading engine, called SGX Reach, on August 15 as it tries to compete with rivals.
READ MORE: http://www.aseanaffairs.com/singapore_news/capital_markets/singapore_exchange_to_boast_world_s_fastest_trading_engine
Asean and Chinese business leaders have expressed confidence in trade and investment prospects between the two sides and have set a combined target of 15 trillion baht by 2015.
READ MORE: http://www.aseanaffairs.com/asean_news/trade/asean_china_outlook
Indonesian coal producer sees banner year
Bumi Resources, Indonesia's top thermal coal producer, forecast strong revenue growth this year as coal demand surged, a top executive said.
READ MORE: http://www.aseanaffairs.com/indonesia_news/energy/indonesian_coal_producer_sees_banner_year
Thais skeptical of China City mall
The arrival of a Chinese mega-mall has raised huge concerns that cheaper goods and strong financial support from China will hurt small Thai businesses throughout the supply chain from manufacturing to wholesale centers and community shops.
READ MORE: http://www.aseanaffairs.com/thailand_news/trade/thais_skeptical_of_china_city_mall
Thaksin's ghost hangs over Thai telecoms
With fugitive former Thai prime minister Thaksin Shinawatra now a citizen of Montenegro, the Thai government insists that it is not singling out his old telecom firm, Advanced Info Service, in its investigations into telecom concession amendments.
READ MORE: http://www.aseanaffairs.com/thailand_news/telecoms/thaksin_s_ghost_hangs_over_thai_telecoms
Impressive FDI growth in Malaysia
Investor confidence has returned strongly to Malaysia, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
READ MORE: http://www.aseanaffairs.com/malaysia_news/investment/impressive_fdi_growth_in_malaysia