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May 8, 2012

ASEAN News, May 08, 2012

Asean Banks Vie for Rank in Region
Wall Street Journal
At the same time, global banking brands such as Citigroup Inc. and HSBC Holdings PLC, are pulling back as they struggle with their operations in Europe and the US As much of the West flounders, ties between Asian countries and members of Asean are ...
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Wall Street Journal
Fachrizal, Setia, Thailand Embassy rule ASEAN Missions Men's Golf and Ladies ...
Chicago Tribune
RIYADH — The 2012 ASEAN Missions Men's Golf and Ladies Putting Tournament was held on a sun splashed day last week at the Dirab Golf &Country Club. Irvan Fachrizal, from the Indonesian Embassy, and Mursidi HJ Setia shared center stage after each won ...
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AirAsia in no rush to expand
Chicago Tribune
"Our priority is to grow in Asean, whose market is also big and growing as well," said Kathleen Tan, AirAsia Group's head of commercial operations. Plenty of market potential still exists in the 10-nation, 600-million-strong community for AirAsia to ...
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IUJ Students Travel to Two Cities in Vietnam for ASEAN Entrepreneurship Project
MarketWatch (press release)
Towards this end, 2012 saw the launch of an entirely new course in the MBA Curriculum specifically designed to implement this knowledge development is "Entrepreneurship Strategy for ASEAN Markets". Prof. Takeru Ohe*, formerly a full-time Professor at ...
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Environment Ministers To Seek Leaders' Consideration On Development Of ...
Bernama
Considering the usefulness of the FDRS, the Ministers agreed to recommend the development of the proposed ASEAN-wide FDRS to be considered by theASEAN Leaders," they said in a statement released by Singapore's Ministry of Environment and Water ...
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Asean forms anti-crisis unit to monitor economies
Inquirer.net
The Asean+3 Macroeconomic Research Office (Amro) established by the Philippines and its neighbors is expected to help the countries improve their crisis-prevention ability amid a backdrop of global economic uncertainties. Consequently, according to the ...
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Connected for prosperity
Bangkok Post
The development will likely reshape the business models of ICT services, with collaboration among Asean member countries playing a major part. Companies and and public organisations are mobilising ICT-skilled labour, enhancing connectivity among Asean ...
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Ex-Philippine Leader Says Asean Is Poised To Expand Its Role
Jakarta Globe
Southeast Asian governments should ease up on their principle of non-interference when it comes to human rights violations happening in othercountries in the region, a leading statesman says. “There is a need for majority rules [in Asean], ...
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Tour to promote CAFTA soon to begin
China Daily
Together with the Tianjin municipal government, the center will hold a seminar on Friday to tell local enterprises and individuals how they can benefit from the China-ASEAN Free Trade Area, which by 2015 will include all 10 ASEANmember countries, ...
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Greenline Delivers VeriFIX(R) to Bursa Malaysia
MarketWatch (press release)
Bursa Malaysia is part of the ASEAN trading initiative that selected VeriFIX to automate connectivity testing across its regionally connected exchanges. TheASEAN electronic trading initiative is an intra-Asian cross-border order routing and trading ...
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Myanmar needs policy reform for growth: IMF
Chicago Tribune
... Meral Karasulu, said the Southeast Asian nation had already made progress and could see GDP growth of 5.5 percent to 6 percent over the next two years. "There is very strong momentum. I have been working with the country since 2009 ... and I think ...
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Asean urged to defer single currency plans
Inquirer.net
Southeast Asian countries will have to shelve their single currency plans for a while, or until the eurozone is able to overcome its financial problems and prove that having a common legal tender for the region is still the way to go, according to ...
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Malaysia's CIMB Continues Regional Drive
Wall Street Journal (blog)
I believe we are entering this market at the right time, with the right deal and right partner,” CIMB group chief executive Nazir Razak said in the statement, referring to the grouping of Southeast Asian countries.
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San Miguel in deal to sell bank stake
BusinessWorld Online Edition
"CIMB Group is optimistic about the long-term prospects of the country's (the Philippines) economy -- it being the fifth largest economy in ASEAN and the second largest by population ... together with the stabilizing political situation and ...
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Global Deal: CIMB to Buy Stake in Philippine Bank
Wall Street Journal (blog)
“As an Asean universal bank, this extension into the Philippines is a very natural one. I believe we are entering this market at the right time, with the right deal and right partner,” CIMB Group Chief Executive Nazir Razak said in the statement.
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Spas may be washed up under Asean rules
Bangkok Post
Small spas operating in Thailand may be forced to close after stringent Aseanspa standards take effect, according to a study by the University of Thai Chamber of Commerce (UTCC). There are more than 10000 small spas operating in shophouses or houses ...
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Asian Diplomatic Ambiguity: Calming The South China Sea? - Analysis
Eurasia Review
The best way forward may lie in the Asian way of diplomatic ambiguity. By Alan Chong and Emrys Chew RECENT ATTEMPTS to prescribe solutions to the ongoing standoff between Beijing and Manila over their rival claims to the Spratly Islands in the South ...
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Eurasia Review
Malaysian bank to buy 60 percent stake in Philippine Bank of Commerce
Philippine Star
The acquisition, expected to be completed in the second half of the year, would see CIMB having a foothold in every Asean countries except Laos, where it plans to apply for a banking license. BoC is the Philippines' 16th largest bank with total audited ...
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ASEAN: Trading Preview Singapore, Thailand, Hong Kong, China
Live Trading News
ASEAN Markets will rebound today after a better overnight performance in the USA, Most US stocks rose, following the biggest weekly decline in 2012, as banks rallied and investors weighed Francois Hollande's election as France's president and Greek ...
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Live Trading News
Virtustream Announces Cloud Partnership with nWorX Technologies JLT
MarketWatch (press release)
... with nWorX Technologies JLT, based in Dubai, UAE to develop and deliver innovative cloud solutions and services in the Middle East, Africa, Commonwealth of Independent States (CIS) and Association of South EastAsian Nations (ASEAN) regions.
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Thailand's Uncle SMS is Dead
The Diplomat
By Luke Hunt Southeast Asian governments are prone to gloating over their economic success and are rarely shy when it comes to cultural assertions. But for all the ranting and raving about Southeast Asia as a success story, public attitudes just don't ...
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Myanmar Junta's Penguins Obscure 64 Million in Blackout
Bloomberg
“It's more speculation than anything else at this stage,” said Young, who helps manage $70 billion in Asian equities. “The economic growth could be great but translating that into a good return on any equity investment, private equity or public, ...
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Bloomberg
Golf: In Laos, 'bamboo curtain' yields to pro golf
Sin Chew Jit Poh
ASEAN professional golfer from Laos, Daliya Saidara takes a shot at the Luang Prabang golf course during Luang Prabang Laos Open 2012. Photo courtesy: AFP Spectators walk down the hill to watch ASEAN professional golfers tee-off at the Luang Prabang ...
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Building Partnerships in the Asia-Pacific Region
US Department of State (press release)
ASEAN sits at the center of many of the region's multilateral institutions, and we are taking steps to broaden and deepen our already strong partnership withASEAN. In 2010, we were the first non-ASEAN country to open a dedicated Mission to ASEAN in ...
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CIMB Group Acquires Bank of Commerce
Tempo
“With this acquisition, our retail network will increase to 1239 full branches, reaffirming our credential of having ASEAN's largest branch footprint.” He added that CIMB Group is optimistic about the long-term prospects of thecountry's economy – it ...
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Rate hikes to resume in 2013 -- HSBC
BusinessWorld Online Edition
"In 2013, there will probably be a need for monetary policies to be tightened to contain the increasing inflation rate," Leif Lybecker Eskesen, visiting HSBC chief economist for India and the Association of Southeast Asian Nations (ASEAN), ...
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In Laos, 'bamboo curtain' yields to pro golf
AFP
It's a small but important step for the Southeast Asian backwater, which has watched as growing neighbours China, Thailand, Vietnam, Myanmar and even Cambodia embraced the game. Last week's Luang Prabang Laos Open, at a UNESCO world heritage site on ...
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AFP
Malaysia-Market factors to watch May 8
Reuters
Asia Strategy & Leadership Institute's public debate on "EU and Asean: Market First or People First?" at Renaissance Hotel, Kuala Lumpur at 1000am (0200). > MMC Corp Bhd holds AGM at Crowne Plaza Mutiara Hotel, Kuala Lumpur at 1100am (0300).
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Closer cooperation in NE Asia to strengthen 'Asia power'
People's Daily Online
China, Japan and South Korea are all in Northeast Asia and it is a great advantage for the three countries to cooperate. Currently, the three countriesaccount for 20 percent of the global economy and 70 percent of the Asianeconomy.
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THAILAND PRESS-PTT says to expand in Myanmar to serve ASEAN - The Nation
Reuters
(Adds item) link.reuters.com/zyw97s ---- PREVIOUS ITEM : BOT slammed for slow disbursement of flood loans - Bangkok Post link.reuters.com/myw97s NOTE: Reuters has not verified these stories and does not vouch for their accuracy.
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News & Resources | News | ASEAN News
E-news; Press Release; Media Coverage; Speech; ASEAN News ... the cooperation among Asean coffee-producing countries than the 45th AsianDevelopment ...
www.aseankorea.org/.../detail.jsp?...
Thai-ASEAN News Network - CP Plans to Tap Auto Market
... tap surging demand after the launch of ASEAN Economic Community in 2015. ... said his group has a plan to invest in motorcycle assembly in thecountry with ...
www.thailandoutlook.tv/tan/ViewData.aspx?DataID=1054617
Asean Banks Vie for Rank in Region
Personalize your own news page. Receive .... As much of the West flounders, ties between Asian countries and members of Asean are tightening. Intra-Asean ...
online.wsj.com/.../SB10001424052702303877604577379602...
Britain encourages EU to invest more in ASEAN region | GMA News ...
GMA News Online ... “We want Britain to be a leading partner with Asiancountries in developing that prosperous future, in trade and commerce, in culture, ...
www.gmanetwork.com/.../britain-encourages-eu-to-invest-mor...
Asean infra fund to benefit 500M people -- ADB
Asean member countries and the ADB have contributed a total of $485 million for the AIF, which is ... Photos in the news: United Airlines pilots leaflet at O'Hare ...
www.chicagotribune.com/.../sns-mct-asean-infra-fund-to-bene...
Thai-ASEAN News Network - Auto Parts Makers Hit by Higher Wage ...
Achana suggested that parts manufacturers adapt themselves to more intense competition from other ASEAN countries by improving workers' skills so one...
www.tannetwork.tv/tan/ViewData.aspx?DataID=1054480
ASEAN Launches Biggest Ever Fund to Meet Critical Infrastructure ...
The Association of South East Asian Nations' largest financing initiative, theASEAN ... News and Events; ASEAN Launches Biggest Ever Fund to Meet Critical ... ASEAN member countries and ADB have provided initial equity of $485 million ...
www.adb.org/.../asean-launches-biggest-ever-fund-meet-critic...
ASEAN car rally to come to India
http://www.mid-day.com/news/2012/may/060512-ASEAN-car-rally-to-come-to-... 28 from Singapore and cover ASEAN countries Malaysia, Thailand, Cambodia, ...
www.mid-day.com/.../060512-ASEAN-car-rally-to-come-to-I...
HK keen to serve China-ASEAN community: Financial Secretary ...
English.news.cn 2012-04-27 21:22:30 ... "We look more to the emerging economies like ASEAN countries to develop a much bigger market. What we are ...
news.xinhuanet.com/english/china/2012.../c_131556887.htm
ADB announces start of Asean Infra Fund - Yahoo! News Philippines
Explore news, videos, and much more based on what your friends are reading... Asean member countries and the ADB have provided an initial equity of $485 ...
ph.news.yahoo.com/adb-announces-start-asean-infra-fund-19...
An expanding partnership for ASEAN-EU | National news | The ...
Technical and political co-operation cannot exist in a vacuum: it is contact between the one billion citizens of EU and ASEAN countries that will foster mutual ...
www.phnompenhpost.com/.../an-expanding-partnership.html
Asean seen as economic growth force by 2015 | Inquirer News
If the integration of the Association of Southeast Asian Nations (Asean) is implemented as planned, trading of goods, inter-country investments and labor mobility ...
newsinfo.inquirer.net/.../asean-seen-as-economic-growth-force...
ASEAN member states welcome EU suspension of sanctions on ...
Thursday, 26 April 2012 in ASEAN News. ASEAN Secretary General Dr Surin Pitsuwan said that, "All ASEAN Member States welcome the suspension of ...
www.eurocham.or.id/.../index.php?...id...
Asean urged to open up human rights declaration ... - Mizzima News
3) To translate the draft AHRD into national languages and other local languages of the ASEAN countries in order to encourage broader public participation in ...
www.mizzima.com/.../7042-asean-urged-to-open-up-human-ri...
Antara News : ASEAN Secretariat HQ declared 100 pct smoke-free ...
Jakarta (ANTARA News) - The Association of Southeast Asian Nations (ASEAN) sets a healthy example for the rest of the region, by declaring its own...
www.antaranews.com/.../asean-secretariat-hq-declared-100-pct...

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