Thailand, PHL want no part of Asia dollar-bond boom
OVER in Asia’s booming dollar-bond market, there are two notable absentees: Thailand and the Philippines.
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OVER in Asia’s booming dollar-bond market, there are two notable absentees: Thailand and the Philippines.
PHNOM PENH, Cambodia—Cambodian Prime Minister Hun Sen, who threatened last Friday to use force over a border crisis with neighboring Lao PDR, announced last Saturday that the situation had been peacefully resolved after he made a lightning trip for face-to-face talks with his Laotian counterpart.
AS Asean foreign ministers, as well as foreign ministers from the US, China and other partners of the region meet for a series of top-level talks, the 50-year-old regional bloc should assert that Southeast Asia is nobody’s backyard, a think tank in Manila said.
For evidence of China’s burgeoning swagger on the world stage, look no further than Foreign Minister Wang Yi’s performance at an Asian security meeting this week.
Thai Beverage (ThaiBev), the spirits giant that makes Chang beer and SangSom rum, is expanding into the fast-food business to take advantage of the rising appetite for fried chicken in Asia.
Vietnam’s plan to sell its Saigon Beer Alcohol Beverage Corp. stake in tranches may help the government extract the best price after the brewer’s market value surged to $7 billion.
DISAGREEMENTS over North Korea’s intercontinental ballistic missile tests and territorial disputes in the South China Sea prevented the region’s foreign ministers from promptly issuing their joint communiqué after an annual gathering in Manila, two Southeast Asian diplomats said last Sunday.
WHILE economies in the Asean remain to be among the most dynamic and resilient in the world, the regional bloc must be wary of the “political consequences” of its economic relationships, a private think tank in Manila said last Friday.
Southeast Asia’s top diplomats will seek talks “as soon as possible” on a proposed non-aggression pact with China aimed at preventing clashes in the South China Sea and will likely hold back on criticism of China’s aggressive acts in the disputed waters in a weekend summit.
If anyone can break Prime Minister Najib Razak’s stranglehold on Sabah, the Borneo state that holds the key to power in Malaysia, it should be Shafie Apdal.
Two former Thai prime ministers have been cleared of abusing their power in a case involving the quelling of an antigovernment protest in 2008.
As Indonesians keep their wallets in their pockets, foreigners are pulling money from a stock market dominated by consumer companies.
SINGAPORE—Amazon is introducing express delivery to Singapore in its first direct effort to tap into surging online shopping in fast-growing Southeast Asia.
MANADO, Indonesia—A six-nation summit cohosted by Indonesia and Australia agreed last Saturday to set up a forum to strengthen cooperation between intelligence services to counter extremist threats in Southeast Asia.
One of the chief architects of Indonesia’s postcrisis economy says local governments must be given more autonomy to help overcome a revenue gap hampering Southeast Asia’s biggest economy.
Yingluck: “I will stay strong and I will continue to prove my innocence to the best of my ability in the closing statements…I will look to the moral support from all of you as it will give me the much-needed strength and patience to fight on.”
Malaysia Airlines Bhd. is in talks with potential investors for new charter flights to carry Muslim travelers on the annual Hajj pilgrimage, a service planned to give a new lease of life to surplus A380 superjumbos at the unprofitable carrier.
North Korea has sent a senior diplomat to the Philippines ahead of a high-profile security talks that will be held in Manila next week.
By Karlis Salna and Lilian Karunungan / Bloomberg News
By Luu Van Dat, John Boudreau, & Mai Ngoc Chau / Bloomberg News
Malaysian Prime Minister Najib Razak raised the stakes in his efforts to secure the votes of palm-oil farmers, announcing hundreds of millions of dollars in aid ahead of an election that could come within months.
Thailand is now so popular for holidays that almost 35 million foreign tourists—equivalent to half the country’s population—are expected this year.
Singapore home sales fell 21 percent in June from the previous month, as fewer new projects were launched in the city-state.
JAKARTA, Indonesia—The encrypted messaging app Telegram is forming a team of moderators who are familiar with Indonesian culture and language so it can remove “terrorist-related content” faster, its cofounder said Sunday, after Indonesia limited access to the app and threatened a total ban.
The Philippines will play host to an important meeting of senior environment officials representing the 10-member Association of Asean this month, according to the Department of Environment and Natural Resources (DENR).
JAKARTA—China called for deeper cooperation with the Asean, so as to achieve mutual development, as the regional bloc marks its 50th anniversary this year.
When the global trade rebound came this year, Malaysia held one advantage over its peers: the cheapest currency in Southeast Asia.
Indonesia’s capital is lush with fake greenery, even as the country is cutting down its precious tropical forests at a record rate.
Vietnam’s surprise lowering of interest rates for the first time in three years may help to support economic growth, but raises credit risks in a nation still grappling with a hangover of bad debt.
Buddhist demonstrators on Wednesday protested the arrival of the United Nations (UN) human-rights envoy to Myanmar for an information-gathering trip in troubled Rakhine state, where security forces have been accused of rights abuses against the Muslim Rohingya minority.
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