|Top News from Southeast Asia
August 28 , 2011
These were the most important news stories filed by Asean Affairs during the week of August 20-26.
Manufacturing investments up in Malaysia
manufacturing investments expanded by almost 120 percent year-on-year to
RM16.4bil in the second quarter this year, the fastest pace since the
first quarter of 2008, bringing the total approvals to RM28.6bil in the
first half this year, according to the Malaysian Industrial Development
Who’s in charge in Myanmar?
months after a nominally civilian government took power in Myanmar, the
country is awash in uncertainty about who is really in charge.
Chaos reigns in Thai parliament
A Thai parliamentary session to debate the policy statement
delivered by the new Pheu Thai government was thrown into chaos on
Wednesday night before it was cancelled for a lack of a quorum.
Indonesia should receive more capital
Economist A. Prasetyantoko says foreign capital inflows to Indonesia
will increase after Moody’s ratings agency downgraded Japan's debt
rating on Wednesday.
READ MORE: http://www.aseanaffairs.com/indonesia_news/investment/indonesia_should_receive_more_capital
Suu Kyi sees hope of “real change”
Myanmar's democracy icon Aung San Suu Kyi said Wednesday
she believes the country's army-backed president wants "real positive
change" amid warmer relations between the regime and its most famous
Vietnam to raise minimum wage
Vietnam will increase minimum wages by up to almost half in its major
cities from October 1 in a bid to help workers cope with one of the
world’s highest levels of inflation.
READ MORE: http://www.aseanaffairs.com/vietnam_news/labor/vietnam_to_raise_minimum_wage
Petronas to pull gas from marginal fields
Petroliam Nasional Bhd (Petronas) and its production sharing
contract (PSC) partners are embarking on a RM15bil upstream project to
extract gas from fields off Peninsular Malaysia, which also includes a
new 200km pipeline. The company describes the fields as “marginal and
Aquino pledges stronger defense of sea claims
Philippine President Benigno Aquino on Tuesday vowed a
stronger military defense of the country’s West Philippine Sea claims as
the Philippine Navy’s newest warship sailed into Manila Bay from the
Cambodia signs deals with China
Cambodia has agreed to acquire Chinese-made Z-9 helicopters for
US$195 million in one of 26 memorandums of understanding agreed to by
Thailand growth rate revised downward
Economic growth this year has been revised down to a range
of 3.5 percent to 4 percent from the previous projection of 3.5 percent
to 4.5 percent due to the slow global economy.
Laos inflation drops below GDP
The inflation rate in July was 7.13 percent, the first time
in three months it has being below target gross domestic product (GDP)
Major solar investment in Thailand
SunEdison, North America's largest solar energy services
provider, plans to invest more than US$100 million next year in solar
power plants in Thailand through a local partnership.
Thai auto exports to recover
Exports of Thai-built automobiles continued falling last month on
lower production in the aftermath of the earthquake and tsunami in Japan
six months ago, according to Surapong Phaisitpattanapong, spokesman for
the automobile industry club at the Federation of Thai Industries.
Villagers detained after protest
More than 100 villagers from four provinces were detained
and questioned by Phnom Penh officials yesterday morning after they
tried to distribute flyers urging the government to protect Prey Lang
Philippines FX surplus surges
The Philippines’ foreign exchange surplus surged by
sevenfold last month amid inflows from the central bank’s investments,
coupled with strong remittances from overseas Filipino workers. READ MORE:
Income gap-Thai government priority
The new Thai government is determined to promote change,
establish a balance in Thai society and narrow the income gap between
rich and poor, says Deputy Prime Minister Kittiratt Na-Ranong.