Thursday, 21 September 2017
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Industry Updates - Asean

Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

ASEAN to promote Trade with Russia and EAEU

Jakarta (ANTARA News) - ASEAN Economic Ministers agreed to expand trade with Russia and those grouped in the Eurasian Economic Union (EAEU).

Conclusion of the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) and the ASEAN-Hong Kong, China Investment Agreement (AHKIA)

The Economic Ministers of ASEAN and Hong Kong, China (HKC) announced the conclusion of the ASEAN-HKC Free Trade Agreement (AHKFTA) and the ASEANHKC Investment Agreement (AHKIA) at the Second ASEAN Economic Ministers (AEM)-HKC Consultations held on 9 September 2017 in Pasay City, the Philippines.

ASEAN Meet explores Issues related to Tariff Commitments, Rules under ATIGA

KUALA LUMPUR, Sept 12 (Bernama) - The discussions on Association of South-East Asian Nations' (ASEAN) internal economic-related affairs, which were held in the Philippines at the 31th ASEAN Free Trade Agreement Council, explored issues related to tariff commitments and applicable rules under the ASEAN Trade in Goods Agreement (ATIGA).

ASEAN-Korea Free Trade Area increases Bilateral Trade by 92.3 per cent

KUALA LUMPUR, Sept 10 (Bernama) - Bilateral trade between ASEAN and South Korea has increased by 92.3 per cent to US$118.84 billion in 2016 from US$61.81 billion in 2006 since the ASEAN-KOREA Free Trade Area (AKFTA) took effect in 2007.

ASEAN MSMEs need More Financial, Technical Support: Study

MANILA - While the Association of Southeast Asian Nations (ASEAN) has available programs and pushing for policies that will boost micro, small, and medium enterprises (MSMEs), the region needs to introduce more financial and technical support to MSMEs, an ASEAN study said.

ASEAN urged to widen Development through Inclusive Business

MANILA - The 10-member states of the Association of Southeast Asian Nations (ASEAN) are enjoined to promote inclusive business model in the region in order to achieve greater impact of development and reach the bottom of the pyramid.

Asean Members give Further Boost to Single Aviation Market

Air transport officials of Asean member state countries will work to build up the Asean Single Aviation Market, which is seen as one of the key milestones in developing the Asean Economic Community.

ASEAN Labour Ministers convene Special Session on OSH in Singapore

SINGAPORE, Sept 3 (Bernama) - ASEAN labour ministers today convened a special session on Occupational Safety and Health (OSH) in conjunction with the XXI World Congress on Safety and Health at Work in Singapore.

Online Program for ASEAN Women Entrepreneurs launched

MANILA - An online program for women entrepreneurs of the Association of Southeast Asian Nations (ASEAN) regional bloc was launched Monday afternoon at the Philippine International Convention Center in Pasay City.

ASEAN to launch Initiative supporting Women in Technology

MANILA - Women entrepreneurs from the Association of South East Asian Nations (ASEAN) will launch next week the ASEAN 10x10 initiative that supports women business leaders in new technology.

Fair Tax Treatment in ASEAN Capital Market crucial

KUALA LUMPUR, Aug 21 (Bernama) - A fair tax treatment in the ASEAN capital market is pivotal to spur intra-ASEAN capital flow, said CIMB Group Chairman Datuk Seri Nazir Razak.

More ASEAN-member States urged to join OGP

MANILA - Open Government Partnership (OGP) Deputy Chief Executive Officer Joe Powell has urged eight other ASEAN member states to join Indonesia and the Philippines in participating the OGP.

Daw Aung San Suu Kyi to ASEAN: People’s Support needed

On the eve of 50th anniversary of ASEAN, State Counsellor and Foreign Minister Daw Aung San Suu Kyi said that a viable ASEAN Community would need people’s support.

Indonesia, Vietnam to boost trade and investment

Jakarta (ANTARA News) - Indonesia and Vietnam have agreed to boost bilateral trade and investment to improve the balance of trade.

ASEAN 50th Anniversary Celebration to be held in KLCC

KUALA LUMPUR, Aug 12 (Bernama) - The foreign ministry will organise a public showcase celebrating the 50th anniversary of ASEAN at the Suria KLCC shopping complex on Aug 14.

Russia launches its Mission to ASEAN in Jakarta

Jakarta (ANTARA News) - The Russian Federation has launched its mission to the Association of Southeast Asian Nations (the ASEAN) in Jakarta on Wednesday.

Investment Promotion and Protection Agreement with Singapore under way

Negotiations over an agreement on investment promotion and protection between Myanmar and Singapore have started, according to Directorate of Investment and Company Administration (DICA) Director General U Aung Naing Oo.

ASEAN to maintain Annual Growth Rate of over Five per cent in Next Decade

KUALA LUMPUR, Aug 9 (Bernama) - ASEAN's favourable demographics, steady urbanisation pace and growing middle class, leaves it poised to maintain a projected annual growth rate of over five per cent in the next decade, said the US - ASEAN Business Council.

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Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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MAS sets up International Advisory Panel for Cyber Security

Singapore, 20 September 2017 - The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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Indonesia, Croatia agree to strengthen Economic Cooperation

Jakarta (ANTARA News) - Indonesia and Croatia have agreed to enhance economic cooperation, the Indonesian Foreign Ministry said in a press statement released on Tuesday.

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Indonesia, Namibia agree to enhance Bilateral Trade Cooperation

Jakarta (ANTARA News) - Indonesias Foreign Affairs Minister Retno L. P. Marsudi has held a bilateral meeting with her Namibian counterpart Netumbo Nandi-Ndiatwah, and the two ministers agreed to intensify cooperation to boost bilateral trade.

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High Taxes, Competition choke Cheroot-Makers

Myanmar's traditional mini cigar, the cheroot, is near extinction as manufacturers struggle with high taxes, high production costs and stiff competition from imported and local cigarettes.

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EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

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BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

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