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ASEAN Affairs Forum

Updated : 10/25/2012
Vietnam hopes for early start of COC negotiations

(VOV) - Vietnam wants ASEAN and China to soon start official negotiations on a Code of Conduct of Parties in the East Sea (COC) as a contribution to maintaining peace, stability, cooperation and development in the region.

Foreign Ministry spokesperson Luong Thanh Nghi said this in reply to media question on Vietnam’s viewpoints over Indonesia’s draft COC at the ministry’s regular press briefing in Hanoi on October 25.

He said ASEAN has been speeding up official consultation between ASEAN and China for the building of a COC.

ASEAN has finalized fundamental documents on COC elements which were approved by ASEAN Foreign Ministers in July. Indonesia has made a draft with more specific and detailed contents of the elements, Nghi said.

The spokesperson also took this occasion to announce some major external activities in the coming time, including Russian Prime Minister Dmitry Medvedev’s upcoming visit to Vietnam from November 6-7.

He said this is an important visit in the context that the two countries have upgraded their relations to a comprehensive strategic partnership level.

During the visit, the two sides will discuss measures to further strengthen relationship as well as international and regional issues of mutual concern.

Vietnam hopes for early start of COC negotiations | VOV Online Newspaper
 
Vietnam’s economy to grow by 6pct in next 25 years: Ernst & Young
26-Oct-2012 Intellasia | Ernst & Young | 1:46 PM

As forecasted by Ernst & Young, Vietnam will grow by about 6 percent over the next 25 years.

Vietnam is a “rising star” and is one of the strongest economies along with Indonesia, a recent report by Ernst & Young said.

Director of emerging markets research centre at Ernst & Young, Alexis Karklins-Marchay, said: “Five years ago, our investors did not care about these economies but now they change. Turkey, Vietnam and Indonesia are good examples.”

In fact, Vietnam has attracted more than $6.5 billion worth of FDI capital per year since 2007. Ernst & Young also predicted that Vietnam will grow at about 6%/ year over a quarter of a decade.

Karklins-Marchay stressed two factors helping Vietnam attract the attention of investors. First, Vietnam has strategic geographical position. Second, Vietnam has abundant human resources. Vietnam has a population of 90 million people, of which 80 percent had graduated from high school, but the labour costs are equal to only by half comparing to that in China and Thailand.

As estimated by Ernst & Young, the number of households with incomes of over $30,000/ year will increase from 6,000 in 2011 to 60,000 in 2021. This promotes Vietnam to manufacture and export higher-value products. World Bank forecasts, in 2013, Vietnam’s export turnover from telephone and other related equipments will be higher than that of apparel products.

Report of Ernst & Young also focused on capital market and the banking sector of Vietnam and said that Vietnam has received strong investment opportunities from Russia, the Middle East and Asian banks.

Ernst & Young said, when confidence of investors is restored together with the government’s efforts to strengthen the banking system, the Vietnamese financial market can develop more other products and services such as monetary management and foreign currency risk reserve fund.

However, the report of Ernst & Young also warned apart from potentials, Vietnam is also facing the risks from investments.

Vietnam’s economy to grow by 6pct in next 25 years: Ernst & Young - Intellasia East Asia News
 
Amid many challenges, Vietnam’s star continues to rise
Veeramalla Anjaiah, The Jakarta Post, HaNoi | World | Mon, April 30 2012,

It may not yet be a tiger but it certainly is the new rising star in Asia. Vietnam is an emerging country with an average of above 7 percent economic growth during the first decade of the 21st century, despite facing major economic and security challenges.

Even at the height of the current global financial crisis, Vietnam’s gross domestic product grew 5.89 percent in 2011, slightly lower than the 6.8 percent in 2010.

“This growth level can be seen as relatively positive and high. It was quite close to the government’s adjusted target,” Vietnam’s Foreign Affairs Ministry stated in its Special Economic Bulletin 2012.

Today (Monday), the people of Vietnam – both living inside the country and abroad – are celebrating the 37th anniversary of the historic Victory Day or Liberation Day.

North Vietnamese troops entered Saigon, the capital of South Vietnam, on April 30, 1975 and reunited the country. The fall of Saigon put an end to the bloody war (Americans call it Vietnam War and Vietnamese call it American War), which claimed the lives of more than two million Vietnamese and 58,000 Americans.

Vietnam and Indonesia, Southeast Asia’s biggest economy, have so many similarities and work closely at regional and international levels. Both countries face same problems related to development, produce the same products and also compete for markets and foreign investment. Yet the relations between the two countries are rapidly growing. Both countries’ businesspeople are investing in the opposite country.

“Indonesia’s Ciputra group built a luxurious city on the outskirts of Hanoi. All the houses were sold out. Now they want to build a big shopping mall and a hotel in the center of Hanoi,” said Long Nguyen, who worked at the Vietnamese Embassy few years ago.

In 2011, bilateral trade surged to US$4.73 billion, a remarkable increase of 53.38 percent from $3.08 billion. Starting from 2012, bilateral trade will grow much faster because Vietnam is going to buy Indonesia’s coal for power generation purposes.

“We used to have coal but now our reserves are not enough. We are building so many new coal-fired power plants.

“We will buy coal in large quantity from Indonesia,” Tong Van Tuan, a major coal importer and owner of Dong Son Group, told The Jakarta Post in Hanoi recently.

Under its 1991 “Friendship with everyone” foreign policy, Vietnam opened its arms to friendships with even old enemies like the US, France and China.

Today, the US is not only one of the biggest investors in Vietnam but also the biggest buyer of its products. In 2011, the trade between Vietnam and the US reached $21 billion, a slight increase from the $18.6 billion in 2010 due to the global financial crisis.

Like China, Vietnam also realized that socialist economic policies didn’t bring prosperity and adopted market-friendly policies under Doi Moi in 1986. It opened doors for foreign investors, offered incentives and relaxed rules.

In 2011, foreign direct investment (FDI) capital flow into Vietnam reached $11.6 billion, much less than $19.7 billion, the Special Bulletin said. The decrease was mainly due to the global financial crisis.

But on the negative side, Vietnam’s biggest enemy is inflation, which reached 18.58 percent on average in 2011. It is the single biggest problem the Vietnamese economy faces today. The country also faces problems like unemployment, poverty, lack of infrastructure and corruption.

Above all, Vietnam’s claim to a portion of South China Sea, an area rich in oil and gas and fishery resources, has led to tensions with its giant neighbor China and forging of new links with countries like the US, Russia, India, Japan, Korea, Australia, France, the UK and Taiwan.

Vietnam also recently modernized its military program with upgrades in naval, air and electronic fighting capabilities. Hanoi recently ordered $1.8 billion worth of six diesel-powered Kilo-class submarines from its traditional supplier, Russia.

It is also planning to buy four Sigma-class corvettes from the Netherlands. Indonesia also owns the Sigma-class corvettes, the most modern warships. Russian-made Su-30MK2 fighter planes are also on its shopping list this year.

Amid many challenges, Vietnam
 
Kalimantan no longer a sleeping giant: Yudhoyono

President Susilo Bambang Yudhoyono inaugurated eight mega projects in resource-rich East Kalimantan on Wednesday as part of the Master Plan for the Acceleration and Expansion of Indonesia's Economic Development (MP3EI).

"Don't underestimate the huge island of Kalimantan only as a sleeping giant any longer. Alhamdulillah [God willing], it is no longer so," the President said to an audience that included Coordinating Economic Minister Hatta Rajasa, East Kalimantan Governor Awang Faroek Ishak and Balikpapan Mayor Rizal Effendi, among others.

Two of the projects have already been completed: Kariangau Port in Balikpapan and Kalimarau Airport in Berau regency in the north part of the province.

Still under construction are an expansion project for Sepinggan Airport in Balikpapan; Pertamina's Lawe-Lawe Centralized Crude Terminal (CCT) in North Penajam Paser regency; twin bridges in Samarinda, East Kalimantan; an industrial estate and an international port in East Kutai regency; the development of PT Pupuk Kalimantan Timur's Kaltim-5 urea fertilizer plant in Bontang regency, and a new airport for Samarinda.

Yudhoyono said that the eight projects had a combined price tag of Rp 19 trillion (S$2.4 billion).

The projects were implemented under the central government's MP3EI blueprint that calls for infrastructure development to improve connectivity throughout the archipelago. Development is slated to take place along six economic corridors throughout the nation: Sumatra, Kalimantan, Java, Sulawesi, Bali and Nusa Tenggara and Papua-Maluku.

Kalimantan no longer a sleeping giant: Yudhoyono


Let there be no mistake Indonesia, with its policies, land, people and resources, will be the anchor for ASEAN's economy and every nation from within this group will be benefit if proper working relationships can be attained.

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Philippines hails new cardinal


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MANILA - Lingayen-Dagupan Archbishop Socrates Villegas said he and other Filipino prelates-Archbishop Jose Palma and Archbishop Romulo Valles-waited outside the Vatican synod hall after hearing the news that Manila Archbishop Luis Antonio Tagle had been named cardinal.

"When I hugged him, he cried on my shoulders. Tears of joy but also tears of fear! Every grace is also a responsibility, he told me later. We pray with joy now. Let us pray for Cardinal Tagle on the months and years ahead. Rejoice dear Philippines! One of our sons is now a cardinal!" Villegas said in a statement released in Manila.

Clerics and lay leaders echoed the same joy and fear that Villegas expressed following the surprise announcement by Pope Benedict XVI that the 55-year-old Tagle would be elevated to cardinal at the consistory on Nov. 24 in the Vatican.

Tagle is scheduled to return to Manila on Nov. 1. He will celebrate Mass on Nov. 3 in Paco, Manila, to launch the "Year of Faith" in his archdiocese.

"We are like John the Baptist crying out in the wilderness," said Tagle in an interview with Vatican Radio yesterday, a day after Benedict's announcement that he had joined the ranks of cardinals.

"You're not even sure if people will give you a fair hearing," said Tagle, who has been described as a "golden child," a rising "star," and a potential papal contender.

"You may be saying the right things but people will not listen to you if the manner by which you communicate reminds them of a triumphalistic know-it-all type of institution," said Tagle, who became head of the Manila archdiocese upon the retirement a year ago of Gaudencio Cardinal Rosales.

"I would like to thank the Holy Father for his trust and confidence not only in me but in the Church in Manila and in the Philippines. I take this not only as a gift but also as a call for the Church in the Philippines to take seriously our mission specially in Asia," he said.

"I am also consoled by the assurances of prayer and support from so many people. But I am terrified by the magnitude of the task at hand," Tagle said in his official statement issued from Rome, where he is attending the monthly synod of bishops on new evangelization.

"It requires a further broadening of the horizon, a careful study of worldwide developments in society and the Church and an intensification of the mission of the Archdiocese of Manila and the Church in the Philippines, even in different parts of the world, especially in Asia."

more: Philippines hails new cardinal


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Researcher unravels Angkor mystery


JAPAN - In his new book, Yoshiaki Ishizawa, former president of Sophia University, has answered the longstanding question of how Angkor Wat, a huge complex of stone temples in northwestern Cambodia, was first established.

Ishizawa, who has studied and worked to preserve the World Heritage Site of Angkor monuments for more than 50 years, recently published "Challenging the Mystery of the Angkor Empire: Realizing the Mission of Sophia University in the Asian World."

The Angkor civilization is known to have flourished for about 800 years from the early ninth century, but how it was established is still a mystery. Ishizawa, 75, found that temples and roads related to the Angkor Empire had spread over the Indochinese Peninsula by reading inscriptions written in Sanskrit and old Khmer, which were discovered in the Angkor monuments. He concluded this huge network of trade and logistics must have supported and nurtured the once-great civilization.

Meanwhile, Ishizawa has fostered Cambodian experts in the preservation of the Angkor monuments since 1980, when he was asked to help with the restoration work by a Cambodian researcher. Most of the original Cambodian researchers were killed during the years of the Pol Pot regime.

His philosophy is that "the preservation and restoration of the site should be carried out by Cambodians, for Cambodians." The university established its Asia Center for Research and Human Development in 2002; six Cambodians had received doctorate degrees and 13 have received master's degrees from the university as of March 2009.

In 2001, the university's investigation mission, including Cambodian trainees, successfully excavated 274 discarded Buddhist statues at the Banteay Kdei temple about 30 kilometers from Angkor Wat. According to Ishizawa, the discovery rewrote the history of the final days of the Angkor empire.

French researchers long maintained the empire perished due to fatigue from continuous constructions of temples.

According to Ishizawa, the empire's throne was traditionally seized by force, not inherited through bloodline succession, as is the case of the Japanese Imperial family. Ishizawa explained the discarded statues were evidence of political conflicts in which a king displayed his new power, and that the empire continued to flourish until its fall.

"The discovery gave great confidence to the Cambodian trainees. They have overturned the negative image of the Pol Pot regime through the preservation and restoration of famous historical sites," Ishizawa said.

Ishizawa, who visits Cambodia five or six times a year, said he intends to keep helping develop that country's human resources as much as possible.

Researcher unravels Angkor mystery
 
Two dead as Typhoon Son-Tinh hits Vietnam


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A resident of the nothern Vietnamese city of Nam Dinh looks at fallen trees after the passage of typhoon Son Tinh. (AFP Photo)


HANOI: Two people were killed and thousands of homes damaged as Vietnam's coast was lashed by Typhoon Son-Tinh, authorities said on Monday, after the storm caused deadly landslides and floods in the Philippines.

Strong winds destroyed large tracts of crops, brought down power lines and ripped the roofs off houses after Son-Tinh, which has been downgraded to a tropical depression, made landfall in the north of the country late Sunday.

Two people were confirmed killed, while two others were missing, an official from the National Committee on Flood and Storm Control in Hanoi told AFP, adding that it was the biggest typhoon to hit Vietnam since the start of the storm season, with wind speeds of up to 140 kilometres per hour.

The wind also felled a 180-metre television tower, the tallest in northern Vietnam, in Nam Dinh City, according to state-run Tuoi Tre newspaper.

Vietnam is hit by an average of eight to 10 tropical storms every year, often causing heavy material and human losses.

More than 50,000 people were evacuated in preparation for the bad weather, while authorities imposed a sea ban in some areas and dozens of domestic flights were cancelled.

Son Tinh left a total of 27 people dead and nine missing in the Philippines, according to figures from the government's civil defence office on Monday, after it tore down trees and caused flash floods and landslides.

Two dead as Typhoon Son-Tinh hits Vietnam - Channel NewsAsia


RIP to the deceased and hope everyone is alright.
 
Moody's raises PH ratings anew
Moody's raises PH ratings anew - Yahoo! News Philippines

Affirming the Philippine economy's strong performance and stable financial system, debt watcher Moody's Investors Service has raised the country's local and foreign currency long-term bond ratings to Ba1 from Ba2.

This is seen to result in lower costs for the Philippines when it taps debt markets to bridge gaps between budget and spending.

Moody's follows two other major credit rating agencies that have earlier put the Philippines just one level shy of investment grade.

"It's been a decade since all three major ratings agencies rated the Philippines a notch below investment grade," Finance Secretary Cesar Purisima said via his Twitter account.

"This is the 9th positive ratings action since President Aquino took office and has brought us on the cusp of investment grade rating," he added.

Full Article
 
This post is dedicated to the progress of our almost forgotten brothers in Papua :undecided:
New Mall open in Jayapura
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HypermartJayapuraPapua1.jpg

List of investors

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x2_f48e145

2 letter left until completion

Grand opening in 1st November. Artists that will attend the grand opening

1. Vierra
vierra-2.jpg


2. Dewa 19
Dewa19songPics1SMtIcpTGLa1JM.jpg


3. Noah
Video+Klip+Noah+-+Separuh+Aku.jpg


and many more....
 
Papua to have sport school in 2013
The Jakarta Post, Jakarta, Indonesia | Archipelago | Tue, October 23 2012, 2:40 PM

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Titus Bonai

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Patrich Steve Wanggai

Oktavianus-Maniani.jpg

Last but no the least the legendary Octovianus known by his nickname Otto

In attempt to nurture talented young guns into the next Titus Bonai, Patrich Steve Wanggai or Octovianus Maniani-all rising soccer players from Papua- the Papua administration plans to build a sport school in 2013.

Papua Education, Youth and Sports Agency chief James Modouw said on Tuesday that the school, with levels equivalent to junior and senior high school, was aimed to find and develop promising young athletes as early as possible.

“We will recruit talented teenagers from all over Papua as students,” he said, adding that the administration plans to recruit 600 students.

According to Modouw, the school which would cost Rp 30 billion (US$3.12 million) in development, will be built at a camping ground in Waena, Jayapura. The budget will be taken from Education, Youth and Sports Ministry’s budget.

Modouw said that the school’s curriculum would comprise 60 percent of sports and 40 percent of regular classes.

Modouw added that the schedule of the regular classes would be adjusted to the students’ training sessions.

“For example, they train from 6 a.m. to 9 a.m., followed by regular classes until 3 p.m. After finishing the classes, maybe they will go straight to another training session until 6 p.m.,” he said, as quoted by tempo.co.

After undergoing trainings in the school, accomplished students will be further trained by the National Sports Committee (KONI), according to Modouw. (han/iwa)
 
Myanmar unrest could destabilise wider region: ASEAN


JAKARTA - ASEAN Secretary General Surin Pitsuwan has warned that sectarian bloodshed in Myanmar could radicalise minority Rohingya Muslims there and destabilise the whole of Southeast Asia.

Surin called on the international community to help after clashes in the western state of Rakhine between Muslims and Buddhists this month killed at least 88 people and displaced more than 26,000.

The Rohingya in Myanmar face "tremendous pressure, pain and suffering", the Jakarta Post on Tuesday quoted Southeast Asia's top diplomat as saying at a human rights dialogue in the Indonesian capital.

"If the international community, including ASEAN, are not able to relieve that pressure and pain (the Rohingya) could become radicalised and the entire region could be destabilised, including the Malacca Straits," Surin said.

The Malacca Straits are the main shipping lane between the Indian and Pacific Oceans.

ASEAN is in a position to offer humanitarian aid to Myanmar, he said, as it did after Cyclone Nargis hit the country in 2008, killing 138,000.

"Let's see what we can do to relieve them from poverty, shortages of food, shelter and sanitation," added the head of the 10-member Association of Southeast Asian Nations, which includes Myanmar.

Decades-old animosity between Buddhists and the Rohingya exploded in June after the apparent rape and murder of an ethnic Rakhine woman sparked a series of vicious revenge attacks.

The total death toll since June has reached 180, although rights groups fear the actual number killed could be much higher.

Other Muslims in Rakhine have also been swept up in the latest violence, including the Kaman, one of Myanmar's officially recognised ethnic groups.

The unrest has prompted a growing international outcry, with the United Nations warning it could jeopardise the country's widely praised reforms.

Myanmar unrest could destabilise wider region: ASEAN


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Indonesian anger over 'maids on sale' ad in Malaysia


20121030.180441_twitter_indonmaid.jpg



JAKARTA - An advertisement in Malaysia for cut-price Indonesian maids has gone viral online in Indonesia and sparked new outrage over an issue that has long divided the two countries.

Indonesian Foreign Minister Marty Natalegawa has phoned his Malaysian counterpart to complain and web users have vented their anger over the flyers tacked to trees in Kuala Lumpur which read "Indonesian maids now on sale!!"

"Now your housework and cooking come easy. You can rest and relax. Deposit only 3,500 ringgit (US$1,150, S$1,403)" reads the ad, which was posted online at the weekend by an Indonesian campaigner for migrant workers' rights.

"Let's boycott travelling to Malaysia, they have become even more disrespectful," said Arifin Sutrisno on Twitter.

Labour ministry spokeswoman Dita Indah Sari told AFP: "Saying Indonesian workers are on sale is likening a human being to a commodity. This is unacceptable."

Relations have been strained by a series of cases of abuse of Indonesian women working as domestic helpers in Malaysia. Maids in recent years have been the victims of attacks with a hammer, scissors and a hot iron.

The abuse prompted Jakarta to impose a ban in June 2009 on new maids being sent to Malaysia. Indonesia announced last December the ban was being lifted after both countries agreed on a pay rise and measures to curb abuse.

However the furious reaction in Indonesia to the flyers and the government's swift response showed that the issue remains deeply sensitive.

As well as condemnation from Natalegawa, Indonesia's ambassador in Malaysia met a foreign ministry official to ask who was responsible for the advert.

Malaysian Labour Minister S. Subramaniam condemned the flyers. "We are going all out to trace the group responsible for the leaflets," he told AFP.

Indonesian anger over 'maids on sale' ad in Malaysia
 
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Two dead as Typhoon Son-Tinh hits Vietnam


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A resident of the nothern Vietnamese city of Nam Dinh looks at fallen trees after the passage of typhoon Son Tinh. (AFP Photo)


HANOI: Two people were killed and thousands of homes damaged as Vietnam's coast was lashed by Typhoon Son-Tinh, authorities said on Monday, after the storm caused deadly landslides and floods in the Philippines.

Strong winds destroyed large tracts of crops, brought down power lines and ripped the roofs off houses after Son-Tinh, which has been downgraded to a tropical depression, made landfall in the north of the country late Sunday.

Two people were confirmed killed, while two others were missing, an official from the National Committee on Flood and Storm Control in Hanoi told AFP, adding that it was the biggest typhoon to hit Vietnam since the start of the storm season, with wind speeds of up to 140 kilometres per hour.

The wind also felled a 180-metre television tower, the tallest in northern Vietnam, in Nam Dinh City, according to state-run Tuoi Tre newspaper.

Vietnam is hit by an average of eight to 10 tropical storms every year, often causing heavy material and human losses.

More than 50,000 people were evacuated in preparation for the bad weather, while authorities imposed a sea ban in some areas and dozens of domestic flights were cancelled.

Son Tinh left a total of 27 people dead and nine missing in the Philippines, according to figures from the government's civil defence office on Monday, after it tore down trees and caused flash floods and landslides.

Two dead as Typhoon Son-Tinh hits Vietnam - Channel NewsAsia


RIP to the deceased and hope everyone is alright.


This typoon also caused deaths and massive damages to property in the Philippines.

Typhoon Son-Tinh kills dozens in Philippines - Asia-Pacific - Al Jazeera English

The death toll from Typhoon Son-Tinh in the Philippines has risen sharply to 24, as casualty reports come in from isolated central islands and the far-flung south, the government said.

Drowning and landslides were given as the cause of 11 deaths on small islands in the country's mid-section, the National Disaster Risk Reduction and Management Council said in its latest tally on Saturday.

The other 13 victims were carried away by flash floods, buried by landslides, hit by falling trees and flying debris, electrocuted, or died from exposure to the cold, it added.

The official death toll from the typhoon, which was classed as a weaker "tropical storm" when it passed over the Philippines, had previously stood at six on Friday.
 
HSBC Expat Survey 2012: Singapore has the largest proportion of wealthy expats of any country in the world.

"Asia is increasingly coming to the fore
as a top destination for both financial
opportunity and life experiences. While
the region has historically been a popular
choice for those looking for increased
quality of life, the dominance of Asian
countries at the top of this year’s Expat
Explorer Economics league table highlights
that it is fast becoming an all-round top
expat destination – especially Singapore,
which ranks well as a place for career
progression and financial gain as well as quality of life factors, demonstrating that
the country delivers across numerous
elements of expat life."

http://www.expatexplorer.hsbc.com/files/pdfs/overall-reports/2012/report.pdf
 
ASEAN Summit to boost regional integration process


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The forthcoming 21 st ASEAN Summit will promote the ASEAN integration process and strengthen the bloc's central role in the region’s social architecture and economy, Cambodia’s Prime Minister Hun Sen has said.

On his opening speech at the opening of an ASEAN Symposium in Phnom Penh on October 30, the PM said that ASEAN has made remarkable achievements since its establishment in 1967.

He added that ASEAN is now known not only as a region of peace, stability and strong growth, but also a closely-integrated political and economic entity.

Hun Sen also highlighted the important role played by the association in Asia and stressed that ASEAN is an indispensable strategic partner of a number of countries and organisations in the world.

According to Hun Sen, ASEAN has made every effort in implementing the action plans identified in the three pillars of ASEAN Community, including political-security community, economic community, and socio- cultural community.

The Cambodian leader said his country, as the ASEAN chair in 2012, would like to encourage the group’s members and development partners to further strengthen cooperation, towards the establishment of an ASEAN Economic Community by 2015.

At the upcoming ASEAN Summit, for the establishment of the ASEAN Economic Community, ASEAN leaders will discuss important issues such as small-and medium-sized enterprises development, energy security, environment, trade, investment, infrastructure connectivity and sustainable development, he added.

Cambodia will host the 21 st ASEAN Summit and related summits from November 15-20, according to the Cambodian Ministry of Foreign Affairs.

Apart from the heads of state and government of ASEAN member nations, US President Barack Obama, Republic of Korea President Lee Myung-bak, Chinese Premier Wen Jiabao and Japanese Prime Minister Yoshihiko Noda will also attend the events.-VNA

ASEAN Summit to boost regional integration process -- Vietnam+ (VietnamPlus)


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ASEAN Chief stresses positive signs in East Sea issue


Sovereign disputes in the East Sea could become violent but China and ASEAN member countries are showing a sense of urgency in trying to ease tensions, said the ASEAN Chief.

ASEAN Secretary-General Surin Pitsuwan told reporters on the sidelines of a meeting in Kuala Lumpur , Malaysia on October 30 that "good signs" have been seen during informal talks between the 10-nation group and China in the Thai resort of Pattaya this week.

He said that both sides are now saying they want to get a Code of Conduct in the East Sea (COC) done as soon as possible because ‘it doesn't serve anybody's interests if delay’.

“It's a yo-yo but at least now they agree to talk," Surin was quoted as saying.

ASEAN announced the six-point principle on the East Sea at the end of July, reaffirming its commitment to fully implementing the Declaration on the Conduct of Parties in the East Sea (DOC) towards the COC.

The parties vowed to continue to self-restrain and solve disputes by peaceful means and without violence in conformity with international law, including the 1982 UN Convention on the Law of the Sea (UNCLOS).-VNA

ASEAN Chief stresses positive signs in East Sea issue -- Vietnam+ (VietnamPlus)


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China snubs SE Asia push for South China Sea deal


PATTAYA, Thailand - China is stonewalling attempts to start talks on a multilateral "code of conduct" governing the strategically located South China Sea and an agreement could still be years away, Southeast Asian officials said on Monday.

Beijing's assertion of sovereignty over the vast stretch of the water has set it directly against Vietnam and the Philippines, while Brunei, Taiwan and Malaysia also lay claim to other parts of the region, making it Asia's biggest potential military troublespot.

Speaking on the sidelines of a regional meeting in the Thai resort of Pattaya, Vietnamese Deputy Foreign Minister Pham Quang Vinh said there was no end in sight to the maritime dispute involving one of the world's main shipping routes and an area potentially rich in oil and gas.

"ASEAN thinks it is time to start talks to achieve a code of conduct as soon possible," said Pham, referring to the 10-nation Association of Southeast Asian Nations bloc, but added the grouping is meeting stoic resistance from China.

China has resisted proposals for a multilateral code of conduct for the South China Sea, preferring to try to negotiate disputes with each of the far less powerful individual claimants.

Sihasak Phuangketkeow, a Thai foreign ministry official, told reporters at the ASEAN-China meeting in Pattaya it might take another two years to agree a formal code of conduct.

Carl Thayer of Australia's University of New South Wales said China was unlikely to make any decision on the code of conduct until its once-a-decade leadership change is fully complete next year.

"I suspect because of changes in personnel likely to occur nobody in China is willing to commit themselves to something of this magnitude. There can be no compromise at the moment, coming from China. Leaders would be seen to be weak," said Thayer.

China has stepped up activity in the region, including establishing a military garrison on one of the disputed islands, and accused Washington of seeking to stir up trouble far from home.

The stakes have risen in the area as the US military shifts its attention and resources back to Asia, emboldening its long-time ally the Philippines and former foe Vietnam to take a tougher stance against Beijing.

Unprecedented arguments over the sea prevented an ASEAN summit in July from issuing a joint communique, the first time this had happened in the bloc's 45-year history.

China snubs SE Asia push for South China Sea deal
 
ASEAN to launch a new regional FTA with its partners
Sri Wahyuni and Linda Yulisman, The Jakarta Post, Vientiane | Headlines | Mon, November 05 2012

ASEAN and its six dialogue partners of Australia, New Zealand, Japan, India, South Korea and China are set to launch a regional free trade agreement (FTA) later this month, an official said Sunday.

ASEAN Secretary-General Surin Pitsuwan said the so-called Regional Comprehensive Economic Partnership (RCEP) was part of the grouping’s architecture of economic partnership.

ASEAN to launch a new regional FTA with its partners | The Jakarta Post


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ASEAN joints a new regional FTA with China and India? If it OK, it becomes a very very vast market...
 
ASEAN concerned by Myanmar unrest: Indonesia
Posted: 05 November 2012

VIENTIANE: Deadly sectarian violence rocking western Myanmar is "an issue of concern" for the whole of Southeast Asia, Indonesia's foreign minister said on Monday.

Dozens of people have been killed and more than 100,000 displaced by clashes between ethnic Rakhines and Rohingyas since June, casting a shadow over a string of widely praised political reforms.

"Of course the matter to do with the Rohingya, the Rakhine state is an issue of concern for ASEAN countries, for individual ASEAN countries," Indonesian Foreign Minister Marty Natalegawa said.

"We (Indonesia) wish very much for Myanmar to be able to address this problem in a positive way in the same way that it has on the overall democratic process," he told AFP ahead of an Asia-Europe summit in Laos.

The Association of Southeast Asian Nations (ASEAN) has been accused by the West in the past of turning a blind eye to human rights abuses by the generals who ran Myanmar for decades.

ASEAN concerned by Myanmar unrest: Indonesia - Channel NewsAsia

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This is because a rule of "non-interference in each other's internal affairs"?

This rule sometimes made ​​me feel the association looks like useless! :angry: :lol:
 
China wealth fund eyes Asia "as Western protectionism rises"


(Reuters) - China's sovereign wealth fund will focus more of its $482 billion firepower on Asia in twin bids to beat a rise in protectionism in the West and boost exposure to rapid regional growth, chairman and chief executive Lou Jiwei said.

The man charged with stewardship of a slice of the world's largest store of foreign wealth lauded the British approach to overseas investment in public sector projects as one for the world to follow and said the policy response to Europe's debt crisis was a reason to stay underweight bonds and stocks there.

"There is a rise in protectionism in both trade and investment in some Western countries," the China Investment Corporation CIC.UL chief, speaking on the sidelines of the Communist Party congress to choose a new leadership line-up, told Reuters in a rare interview.

"As compared to other financial investors we feel that the scrutiny on us is a little more strict, because of issues like national security," Lou said, adding that while not a major issue yet, he detected rising concern among foreign regulators when CIC partnered with Chinese firms to make acquisitions.

Tensions between Beijing and Washington have recently ratcheted higher thanks to a series of trade actions against China by President Barack Obama, including his blocking of a privately owned Chinese company from building wind turbines close to a U.S. military site, and his challenge of Chinese auto and auto-parts subsidies in a World Trade Organization case.

The U.S. House of Representatives' Intelligence Committee warned last month that Beijing could use equipment made by Huawei, the world's second-largest maker of routers and other telecom gear, as well as rival Chinese manufacturer ZTE, the fifth largest, for spying.

Canada has twice delayed a decision over whether to allow a $15.1 billion bid by CNOOC Ltd (0883.HK), China's top offshore oil and gas producer, for Nexen Inc NCY.TO, despite shareholders giving it their backing.

Having tackled some concerns about acquisitions by sovereign wealth funds, such as CIC, in 2008 through the adoption of guidelines brokered by the International Monetary Fund, known as the "Santiago Principles", governments worldwide now bristle at the rising number of investment bids for strategic assets made by state-backed firms that fall outside that framework.

Lou said CIC would not change its strategy of partnering with Chinese firms simply to assuage concerns of foreign regulators - particularly if such a partnership presented the best-value proposition to the fund, which is mandated to boost returns on a substantial chunk of China's $3.29 trillion stash of foreign reserves.

"We would avoid investing in countries that do not welcome us. There are other places to invest," Lou said.

Asia is a particularly favored option for CIC, thanks to some of the fastest rates of growth and development in the world - which are themselves levered to China's own economic dynamism.

But while Asia is a target, the region's relatively shallow and under-developed capital markets make investments harder and prevent CIC investing as much as it would like.

"We would have to do direct investment projects one by one. That is very time consuming and we cannot really deploy that much investment capital into it," Lou said.


For now, liquidity makes Europe and the United States CIC's markets of choice for investments in publicly traded securities, while the UK is the fund's top infrastructure pick.

"We like the UK. It is very open on its infrastructure sector," he said, adding that Britain's use of private capital to build public sector assets was a model for other developed economies to follow - particularly those struggling to recover from the effects of the 2008-09 global financial crisis.

"Infrastructure investment can boost economic growth and employment and in fact it is fiscally neutral," said Lou, a former vice minister of finance regarded by Beijing insiders as either a future finance minister, or central bank chief.

Lou said the balance between growth and fiscal rectitude was key to Europe's ability to escape from a debt crisis that has dragged on for more than three years.

"Although people in Europe have agreed that they need a combination of growth and consolidation, in fact these two aspects are contradictory to each other and Europe hasn't really thought out a way to move forward," he said.

"The risk of the euro zone falling apart has now dropped to less than 20 percent, but it is still there. To look on the bright side, now Europe has an agenda compared to a while ago when there was only babbling."

UNDERWEIGHT EUROPE

That overhanging risk and the inability to persuade investors that a recovery plan is firmly in place are key to CIC being underweight on European bonds and equities, Lou said.

"That demonstrates somewhat our lack of confidence," he said. He added that the fund was on the lookout for assets in Europe's real economy - particularly among manufacturers.

"We believe that the manufacturing industry in Europe is still quite competitive and we believe that the European economy will recover some day," Lou said.

But European banks and peripheral euro zone sovereign debt were definitely off his shopping list.

"We dare not touch the banking sector there because we do not know how many more problems are there," he said.

"We would not buy peripheral country bonds because they do not fit our risk/return profile," Lou said. "Most importantly, the risk and returns of these bonds are determined by politics and it is very hard for us to make a judgment (on them)."

Judgment was becoming more important all round, Lou said, pointing out that easy pickings for investors had disappeared since 2009, when asset prices collapsed as the global financial crisis raged and buying cheap was an obvious strategy.

"We have to use more precaution and really watch the risks and how well the companies operate," Lou said.

China wealth fund eyes Asia as Western protectionism rises | Reuters


ASEAN nations, unarguably, will be the few growth stories in the world for the next decade what we need now is fluid capital markets to draw investors like China' sovereign wealth fund.
 

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