Asean News

Myanmar signs Asean-Hong Kong free-trade agreement

Myanmar, as a member of Asean, on November 12 signed a free-trade agreement between the bloc and Hong Kong-China.

Kyaw Win, Minister for Planning and Finance, signed the document on behalf of Myanmar at a ceremony at the 31st Asean summit in Manila, the Philippines.

The agreement sets out principles to guide trade and investment between the nations.  

It could open up fair trade opportunities for members, said Edward Yau, Hong Kong’s secretary for commerce and economic development.

Duterte: South China Sea dispute is ‘better left untouched’

The territorial dispute among the Philippines, China and other claimants of the South China Sea “is better left untouched,” President Rodrigo Duterte said on Sunday.

“Today China is the number one economic powerhouse, and we have to be friends. The other hotheads would like us to confront China and the rest of the world for so many issues,” Duterte said during his speech at the Association of Southeast Asian Nations (Asean) business and investment summit (ABIS) and the launch of the Asean Mentors for Entrepreneurship Network (Amen).

19 world leaders in Manila for summit; Asean lane now open

Most world leaders are already in Manila, with the arrival of US President Donald Trump and Vietnamese Prime Minister Nguyen Xuan Phuc on Sunday night for the Association of Southeast Asian Nations (Asean) summit and related meetings.

Trump’s Air Force One landed at the Ninoy Aquino International Airport at 5:45 p.m., while Nguyen Xuan Phuc’s convoy reached Edsa-Balintawak past 6 p.m. from Clark International Airport.

Suu Kyi feted on arrival in Philippines for Asean Summit

State Counsellor Aung San Suu Kyi on November arrived in the Philippines via Vietnam to attend the 31st Asean summit and related meetings.
Philippines officials welcomed her at Clark International Airport in Manila, which doubles as an air force base. The State Counsellor and Cambodian Prime Minister Hun Sen attended a dinner hosted at Clark airport by former president Gloria Macapagal Arroyo in the evening, after arriving before other heads of state.

Asean leaders highlight eradicating poverty to combat terrorism

On the 50th year of the Association of Southeast Asian Nations (Asean), the 10-member bloc puts forward the agenda of inclusive growth and regional security.

With the Philippines as the chair and host of the Asean summit, the Asean’s thrust combatting poverty and terrorism had been highlighted by the leaders in the previous meetings.

Thai govt to link data for digital economy

BANGKOK (The Nation/ ANN) - Next year will be the year of data for the public sector amid expectations for the announcement of 300-500 national data sets for people and data analysis for businesses, who could use them for innovative creation in terms of the economy, society and living, the country’s deputy premier said.

Asean members gather in Manila

Heads of state and government from  members of the Association of Southeast Asian Nations (Asean) have arrived in the Philippines for the 31st AseanLeaders Summit and Related Meetings starting this weekend.
Dialogue partners of the 10-member regional block, including US President Donald Trump, Japanese Prime Minister Shinzo Abe, Chinese Premier Li Keqiang, South Korean President Moon Jae-in and Canadian Prime Minister Justin Trudeau are also attending the summit and related meetings.

FEATURE: Building an alliance culture in Asean

MANILA (Philippine Daily Inquirer/ANN) - For Filipino CEOs planning business expansion, many don’t see the need to sail too far to find a rich new fishing ground. The Association of Southeast Asian Nations (Asean) neighbourhood is itself seen as a huge untapped market for many aspiring multinational corporations (MNCs).

Within the Asean neighborhood, the top three picks of Filipino CEOs are Vietnam, Indonesia and Malaysia.

OPINION: Two leaders at crossroads of Asian history

MANILA (Philippine Daily Inquirer/ANN) - With almost 70 years of diplomatic ties between the Philippines and South Korea, their partnership goes beyond extensive trading and investments. Both countries have experienced growth and increased imports and trade of goods in the past five years.

Manila hosts important international meetings this month as Asean marks its 50th anniversary, including the Asean-US Summit on Nov. 13 and the East Asia Summit on Nov. 14.

China to see stronger push for economic reforms, say analysts

BEIJING (The Straits Times/ANN) - Expect more measures from the CCP aimed at cutting excess capacity and reducing financial leverage.

Besides unveiling China's top leadership for the next five years, the Chinese Communist Party's national congress last month also saw major planks of President Xi Jinping's economic platform adopted in the party constitution.

These include supply-side structural reform and the Belt and Road Initiative (BRI).