Logo designing contest for ASEAN youths launched

Indonesia's Lion Air is set to launch an initial public offering (IPO) in a listing that could reportedly raise up to 1 billion USD.

Indonesia's economic growth was estimated to remain at a moderate level around 5 percent until 2021, mainly backed by consumption, a World Bank (WB) senior economist has said.

Deputy defence chiefs of ASEAN countries and Japan met in Tokyo, Japan from October 8-10 to discuss regional security, the future of the Indo-Pacific region and ASEAN’s initiatives for regional cooperation.

An ASEAN ministerial meeting in Manila, the Philippines, has agreed that five ASEAN nations – Indonesia, Malaysia, Singapore, Thailand and Vietnam – will launch a joint bid to host the 2034 FIFA World Cup.

Foreigners in the “risky” over-50 age group will have to present proof of health insurance when applying for Thai long-term non-immigrant visas, a Thai official said on October 9.

A total of 27,000 military and police personnel of Indonesia will be deployed to secure the inauguration of President-elect Joko Widodo and Vice President-elect Ma’ruf Amin, slated for October 20.

Thailand will prohibit the use of three toxic farm chemicals starting December this year.

Tourism will be the main driver of the economy of Thailand this year, a local official has stressed.

Chinese investment is flowing into ASEAN once more as projects under the Belt & Road Initiative (BRI) see a recovery and ongoing trade tensions with the US are prompting Chinese companies to invest in parts of Southeast Asia, according to a report from Maybank Kim Eng.

Thailand’s biggest drinks company Thai Beverage (ThaiBev) will allocate 7 billion THB (about 230 million USD) next year to renovate 25-year-old breweries and increase sales from all beverages in populous ASEAN countries in the next six years.

State-owned railway company PT Kereta Api Indonesia (KAI) Persero is working with private logistic railway service firms Servo Railway and Progress Rail for designing locomotives run on B100 biodiesel.

The value of Thailand's gems and jewellery exports was 351 billion baht (11.45 billion USD) in the first eight months of 2019, up 45.8 percent year on year.

The current international system is such that nothing could be done to compel Indonesia to deal with its forest fires, which is affecting the region, Malaysian Prime Minister Mahathir Mohamad has said.

Indonesia’s economy is expected to maintain a healthy growth rate in 2019 and 2020 on the back of continued strong domestic consumption, according to the Asian Development Bank (ADB).