Updated: May 31, 2016
• Asean struggles to protect laborers
The Asean Community, which took effect at the end of last year, has expressed concern about the movement of skilled workers
• My Thuan Bridge to cost $247m
An investment of VND5.5 trillion (US$247 million) is needed for construction of the proposed cable-stayed bridge M? Thu?n No 2
• AirAsia has had US$1b takeover offer for leasing unit: report
ASIA’S largest budget airline AirAsia Bhd has received a US$1 billion offer for its aircraft leasing unit, Bloomberg News quoted Chief
• Myanmar govt to simplify process for tourist visa
The government is expecting a boom in tourist arrivals.
• Promoting growth in ASEAN
After serving as a career diplomat and an Ambassador to the United Kingdom, Ireland and Ethiopia, Hor Nambora, deputy
Updated May, 30 2016
The Straits Times Index (STI) ended 15.87 points higher or +0.50% to 3,210.18, taking the year-to-date performance to +1.36%.
The FBM KLCI index lost 7.32 points or 0.45% on Monday. The Finance Index fell 0.30% to 14207.23 points, the Properties Index dropped 0.29% to 1141.36 points and the Plantation Index down 0.56% to 7450.97 points. The market traded within a range of 9.45 points between an intra-day high of 1633.36 and a low of 1623.91 during the session. More
Updated: May 27, 2016
Updated May 27, 2016
With a Dozen Economic Reform Packages under His Belt, Indonesia’s Jokowi Settles In
Last September, almost a year after taking office, President Joko “Jokowi” Widodo released his first installment of policy packages intended to stimulate the Indonesian economy. Focused on improving industrial competitiveness through reducing red tape, the reform package removed 89 business investment regulations and eased the acquisition of licenses, land, and bank accounts.
He has released 11 additional packages—one or more each month—since then, the last of which was announced on April 28. Another is expected soon, with word that his ministers are reviewing a draft that focuses on sector-specific changes. The packages emphasize deregulation, tax incentives, elimination of redundancies, predictability, and harmonization (customs at ports, land use, and currency for payments). More
Duterte unveils eight-point economic agenda, names possible cabinet members. Businessman Carlos Dominguez, a member of president-elect Rodrigo Duterte’s transition team, on May 12 presented the incoming administration’s eight-point economic agenda. Duterte will focus on tax reforms, infrastructure spending, attracting foreign investment, and agricultural development, continuing most of the Benigno Aquino administration’s macroeconomic policies. Duterte on May 16 unveiled several of his picks for cabinet posts. Dominguez, a former agriculture secretary, will serve as finance More