Rakhine attacks a dangerous escalation in Myanmar violence

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Rakhine attacks a dangerous escalation in Myanmar violence

ASEAN+ August 25, 2017 23:11

By The Nation

Amnesty International is urging restraint by all sides after attacks by Rohingya militants in Myanmar left dead at least 32 people, including 11 security personnel.

“These attacks are a dangerous escalation in violence and could put ordinary people in Rakhine State at risk, in particular as tensions have been reaching a boiling point in the region recently, said Josef Benedict, the human-rights organisation’s deputy campaigns director for Southeast Asia and the Pacific.

“We urge all sides to show the utmost restraint and ensure that ordinary people are protected from human rights violations and abuses.”

A commission led by former United Nations Secretary General Kofi Annan on Thursday urged the Myanmar government to implement 88 recommendations to address human-rights violations, statelessness, and profound discrimination against Muslim Rohingyas, though it did not mention them by name. Northern Rakhine State could become fertile ground for radicalisation unless the government changes its approach to Muslims living there, the report warned.

“The investigation into these criminal acts must be prompt, thorough and effective, and comply with international human rights standards,” said Benedict in response to the militant’s killings. Any prosecutions must respect fair trial rights and not result in the death penalty, he said.

“This cannot lead to repeat of last year’s vicious military reprisals responding to a similar attack, when security forces tortured, killed and raped Rohingya people and burned down whole villages. Although the government has an obligation to protect people, this cannot be seen as giving the army a blank cheque to commit atrocities against parts of the population.

Benedict referred to the August 24 findings of the Annan commission.

“It is crucial that the government makes every effort to address the long-standing and systematic discrimination in Rakhine State, which has left people trapped in a cycle of violence and destitution. As a first step, authorities must push forward with implementing recommendations outlined in the recent report by the Advisory Commission on Rakhine State.”

Little hope of finding Swiss landslide missing alive

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A worker drives a digger to clear the rocks and debris on the outskirts of the village of Bondo in the Swiss Alps following a landslide on August 25, 2017. // AFP PHOTO
A worker drives a digger to clear the rocks and debris on the outskirts of the village of Bondo in the Swiss Alps following a landslide on August 25, 2017. // AFP PHOTO

Little hope of finding Swiss landslide missing alive

ASEAN+ August 25, 2017 21:06

By Agence France-Presse

BONDO, Switzerland – Hopes of finding eight people missing after a massive landslide in the Swiss Alps alive are fading, police said Friday, warning it could take weeks before all those who fled can return home.

 “The chances of survival are not high,” local police spokesman Roman Ruegg told reporters.

The landslide, which struck early Wednesday, sent a huge river of rocks and mud flooding down the Piz Cengalo mountain into the outskirts of Bondo, a village near the Italian border.

The eight missing, who come from Germany, Austria and Switzerland, were hiking in the Val Bondasca region at the time.

Police said they had set off in separate groups.

A massive search and rescue operation is under way, involving some 120 emergency workers equipped with infrared cameras and mobile phone detectors, helicopters and rescue dogs.

According to Anna Giagometti, mayor of Bregaglia — a municipality that encompasses Bondo — paths in the area had been flagged as “dangerous” earlier this month because of falling rocks.

Speaking to the Blick daily, she said warning signs in several languages had been posted in the village.

This aerial video grab made on August 24, 2017 partially shows the Switzerland village of Bondo after a landslide struck the day before, sending mud, rocks and dirt flooding down the Piz Cengalo mountain into the outskirts of the village, near the Italian border.// AFP PHOTO

 

 – Thick mud and sludge –

Police and residents said mobile phone coverage in the area was spotty, voicing hope it could explain why those still missing had not been in touch.

But authorities acknowledged that the chances of a happy ending were dwindling fast.

Swiss President Doris Leuthard, who examined the site from the air on Thursday, said the probability that the hikers were dead “is increasing by the hour,” Blick reported.

A picture taken on August 25, 2017, shows a general view of the village of Bondo in the Swiss Alps following a landslide two nights ago. // AFP PHOTO

Dramatic footage showed an entire mountainside disintegrating, unleashing an unstoppable mass of thick mud and sludge that tore up trees and demolished at least one building in its path.

Police said 12 farm buildings, including barns and stables, had been destroyed, while the Graubunden canton’s main southern highway was closed to traffic.

 

– Deafening bang –

“It was terrible,” Elisa Nunzi told Blick after witnessing the landslide from her home in a higher-altitude village.

The 27-year-old said she heard a deafening bang that sent rocks pouring down the mountain. “There were so many. It did not stop.”

Christian Speck, manager of a hotel in Soglio, several kilometres (miles) from Bondo, also witnessed the mountainside collapsing.

“At breakfast time, my customers and I saw rocks come lose from the mountainside and slide towards Bondo, in a huge cloud of smoke,” he told AFP.

The landslide set four million cubic metres (141 million cubic feet) of mud and debris in motion, its relentless mass stretching 500 metres (1,600 feet) across, according to the regional natural hazards office (AWN).

The event was so severe that the vibrations set off seismometres across Switzerland, measuring the equivalent of a 3.0 magnitude earthquake, according to the Swiss Seismological Service.

 

– Melting permafrost? –

Experts hinted that climate change could be partially to blame for the disaster, with melting permafrost and an adjacent glacier likely destabilising the landmass.

An alert system put in place after a previous large landslide in the area in late 2011 allowed the authorities to quickly sound the alarm and evacuate around 100 people from Bondo and two Alpine cabins, amid fears of fresh landslides.

Some Bondo residents were permitted to return home as early as Friday afternoon, but Giacometti told reporters that several families living in the area most at risk of new landslides should expect to wait days and even weeks before it was deemed safe to go back.

They would however be permitted to go back to pick up some personal affects left behind in the rush to evacuate, she said.

Simona Rauch, a Protestant minister at a church in Val Bregaglia, told AFP residents had not expected to be gone so long.

“People left immediately, leaving everything behind. They didn’t bring anything because they thought they would be returning quickly,” she said.

“No one expected this kind of catastrophe.”

Chinese army mobilised as typhoon death toll rises in Macau

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China's People Liberation Army, (PLA), soldiers clean up debris brought by typhoon Hato in Macau, China, 25 August 2017. // EPA PHOTO
China’s People Liberation Army, (PLA), soldiers clean up debris brought by typhoon Hato in Macau, China, 25 August 2017. // EPA PHOTO

Chinese army mobilised as typhoon death toll rises in Macau

ASEAN+ August 25, 2017 20:57

By Agence France-Presse

MACAU – The Chinese army on Friday joined relief efforts in Macau where at least nine people died after a huge typhoon ripped through the gambling hub, as troops were drafted in to clear piles of debris still blocking streets.

Around 48 hours after Severe Typhoon Hato smashed into southern China, worst-hit Macau was still picking up the pieces, with the enclave’s government facing recriminations over its lack of preparation.

The government sent a request to Chinese authorities asking for the assistance of the People’s Liberation Army (PLA) Macau garrison to assist in relief efforts, the first such request since the city was handed over to China in 1999.

“The PLA Macau Garrison have joined hands with the Macau Government and the Macau public for post-typhoon relief and construction work,” a government statement said Friday.

Local residents browse piles of drenched clothes discarded by local clothing stores after typhoon Hato hit in Macau, China, 25 August 2017. // EPA PHOTO

Authorities said around 1,000 troops were mobilised in the morning.

Residents volunteered to pick debris off the streets alongside troops who were seen clearing away items ranging from computer equipment to gas cylinders.

The official death toll in Macau hit nine on Friday after a man’s body was pulled from a car park.

A further eight people are known to have died in mainland southwestern China.

“It’s been absolutely devastating for Macau,” Andrew Scott, chief executive officer of O MEDIA, a media company in the city, told AFP.

“There is a real air of despondency. Each addition to the death toll is absolutely demoralising to the citizens of Macau,” he said.

A taxi driver who identified himself as Ben said he expected the PLA to handle the clean-up effectively.

“There are so many disasters in China, they can handle it in a couple of days, a situation like this could be quite easy for them,” he said.

 

– ‘Extremely difficult’ –

On Thursday evening, as residents of the former Portuguese colony queued for drinking water, Macau’s leader Fernando Chui and other government ministers bowed their heads for a minute’s silence and made a public apology.

“These two days, we have faced an extremely difficult test together. Hato is the strongest typhoon in 53 years and has brought tremendous damage to Macau,” Chui told reporters.

“In facing this disaster, we admit we have not done enough, there is space for improvement,” he said, adding that the city’s meteorological bureau chief had resigned.

Casinos, which brought in more than $28 billion in 2016 — over half of Macau’s GDP — were among the casualties of the storm, and reporters who got inside the Wynn Macau found switched off slot machines and no air conditioning.

Chinese People’s Liberation Army soldiers based at a barracks in Macau help clear debris from a street in Macau on August 25, 2017, two days after Typhoon Hato hit the territory. // AFP PHOTO

Other casinos and resort facilities in the city were either shut or running at limited capacity.

“It will probably take at least a week to normalise again and for visitors to feel comfortable about coming again,” gaming analyst Ben Lee of IGamiX consultancy told AFP, adding that some casinos were unprepared for the severity of the storm.

In Hong Kong, Hato — whose name is Japanese for “pigeon” — sparked the most severe Typhoon 10 warning, only the third time a storm of this power has pounded the financial hub in the past 20 years.

Although 120 people were hurt, there were no fatalities in the city, where careful planning and long experience with extreme weather is credited with limiting the devastation.

Meanwhile, the Hong Kong Observatory was warning of another tropical cyclone heading towards the area and due to make landfall some time on Sunday.

Digital infrastructure of Indonesia’s future smart cities

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Digital infrastructure of Indonesia’s future smart cities

ASEAN+ August 25, 2017 09:33

By The Jakarta Post/ANN

5,591 Viewed

JAKARTA – Nearly 90,000 of Jakarta’s street luminaires have been replaced with energy-efficient LED lights connected to a cloud-based smart lighting management system.

With the ubiquitous influence of artificial intelligence, our everyday life has entered the enchanted realm of hyper-connectivity. We live in a time of massive opportunity in the digital space, to lead better, easier and more connected lives.

The application of the internet of things (IoT) has become a mainstay of contemporary life. With the constant obsession over “smart”  everything, we seem to be on the precipice of a utopia of digitally — assisted living. The world has never revolved around our needs more than it has right here, right now.

In the developed world, the future is always released a season ahead. Anything that can be connected, will be connected. However, in the emerging world, focusing on the IoT appears to be putting the cart before the horse. Digitalisation shouldn’t be about things — it is about people. We need to focus on the Internet of People.

The over-reliance on smart devices and capital-intensive technology has given the emerging world limited access to new world connectivity. To extend wider access to connectivity, private smart devices are not the only gateway for individuals to step into a collective digital consciousness. We need to ensure our public infrastructure is as connected as the technologies we use in our daily lives.

The recent national emphasis on digitalisation and collection of data as an asset has brought another essential building block of the future into the spotlight.

Lighting is a much overlooked physical public infrastructure already in place that could put us on the high speed road to a well-lit, sustainable future.

Digitalisation does not always have to require significant capital outlay or an overhaul of existing infrastructure. There are existing turnkey solutions in the market where current infrastructure can be retrofitted with newer technologies. Case in point: Connected lighting is a future-proof ‘plug-and-play’ platform for data collection and urban sensing, managed through smart controls in the IoT.

With an estimated number of 59.2 billion lighting points available by 2030, the opportunity of an intelligent lighting system as a pathway to connect cities and individuals to the digital ecosystem is phenomenal.

Connected lighting has the potential to transform each of the estimated 300 million street lights worldwide from being an output point for light to becoming an input point for information. Each lighting point can collect data about its surroundings and inhabitants.

These light poles can then start to provide input on human and vehicle traffic flow, air quality, crowds and security risks, energy consumption, waste, transport and other critical functions.

In the United States, 4G LTE wireless telecommunications technology is already being merged with energy-saving LED street lighting in Los Angeles to provide an architecture that can help residents improve cell service — with the scalability for further integration with new technology in future. For example, the city of Los Angeles is testing out streetlights outfitted with integrated sensors that can wirelessly detect gunshots and other noises to enhance public safety, and may expand the capabilities of these censors to recognise air pollution and earthquakes.

In Southeast Asia, connected street lighting has been a core component of the ongoing transformation of cities like Jakarta and Melaka in Malaysia into the region’s smart cities.

As part of a city-wide upgrade by the Jakarta government office, nearly 90,000 of the Indonesian capital’s street luminaires has been replaced with energy-efficient LED lights connected to a cloud-based smart lighting management system.

Similarly, as part of Melaka’s Green City Action Plan to make the city a Green Technology State by 2020, connected street lighting management has been implemented in the central parts of Bandaraya Melaka and major arteries into the city. Each light point is connected and performance data will be sent through existing cellular networks to the city’s lighting office.

The data will enable the city officials to efficiently monitor the city’s infrastructure by district.

The true added value in bringing light points into the IoT is that connected lighting is an ideal platform for urban sensing. A smart city’s systems need to be open. Smart city systems need to be connected. The ability to integrate with existing infrastructures using standardised interfaces presents the opportunity for a city to deploy new applications quickly as technologies evolve, allowing cities and their citizens to pursue new possibilities in the future.

In a world where technology continually modifies our everyday experiences and the physical environment around us, an overarching infrastructure convening people, assets and data will serve to gradually narrow the divide between the built environment and the virtual environment we reside in.

A connected lighting infrastructure, as a platform for data collection, can create an auto-learning environment for the spaces we live, work and play in. The pairing of visible light communications with indoor positioning technology is already reimagining the physical retail experience.

Lighting fixtures in stores can be embedded with sensors that can collect data about consumers for analysis — where they are, what time of the day they are most likely to visit the store and which aisles they are spending time at.

The sensors can also detect the shoppers’ smartphones across the shopping floor to deliver services, such as wayfinding, digital store mapping, notifications of prevailing sales promotions of interest to the client, personalised shopping assistance and recommendations, and location-based information and recommendations.

In the near future, we can also expect our offices to run on connected lighting systems adapted to each user’s personalised preferences for lighting and temperature settings. In-built room luminaires can track activity patterns and daylight levels, collect human occupancy and foot traffic data throughout the day.

About 90 per cent of the operational costs of a business are now staff related. To have personal control over the environment settings of their work station will go into enhancing human performance, comfort, health, concentration levels and alertness, cooperative behavior and creativity.

For the connected consumer, the true meaning of “virtual reality” hinges on a hybrid experience that pushes physical and virtual environments to adapt to their inhabitants’ changing experiential consumption patterns.

As technology continues to transform the way we relate to and engage with the spaces we inhabit, artificial intelligence and smart applications will continue to push the demand for infrastructural updates that can support our evolution into a smart nation.

This is my theory: The catalyst of the next big bang will not be unlike the first one. Let there be light, and there was light.

AEC Feed

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AEC Feed

ASEAN+ August 25, 2017 01:00

By Asia News Network

Cromwell on track for European REIT IPO on SGX

Australia-listed Cromwell Property Group said yesterday that it has received the go-ahead from the Singapore Exchange to lodge a prospectus for the initial public offering of the Cromwell European Real Estate Investment Trust.

If all goes according to plan, the prospectus will be lodged early next month and the IPO will follow at the end of the month.

The SGX has issued its Eligibility-To-List for the proposed IPO.

The estimated offering is about 1 billion euros (Bt39 billion).

As reported by The Straits Times, this REIT would comprise European properties with a focus on Europe’s smaller cities. – The StraitsTimes

Crude palm oil exports increase 25% in first half

Exports of crude palm oil and its derivative products increased by 25 per cent to 16.6 million tonnes despite sober demand amid competition against a rapeseed and soybean oil global glut in the first six months, Indonesian Palm Oil Producers Association data show.

Palm oil production increased 18.6 per cent to 18.5 million tonnes in the first half, with stocks of 2.3 million tonnes as of June.

This includes an adjusted figure of 1.5 million tonnes obtained from a field survey.

The CPO price in the same period ranged from US$650 (Bt21,700 billion) and $827.5 per tonne, with a high start at $805.7 per ton in January, before softening due to slowing global demand amid other vegetable oil gluts.

“A global glut of rapeseed and soybean oil has made prices drop, consequently making palm oil — which is not a main vegetable oil source in Europe, America and China — less competitive, and its export slowed in June,” GAPKI executive director Fadhil Hasan said in a statement released on Wednesday along with the data.

Aggregately, in the first six months, CPO and its derivatives’ exports to main markets were all up except to Pakistan, where sales declined by 5 per cent to 1.05 million tonnes due to competition with Malaysia. – The Jakarta Post

Landbank acquisition of Postbank awaits Duterte

Landbank president Alex V. Buenaventura told the Philippine Daily Inquirer Thursday that the Governance Commission for Government-Owned or Controlled Corporations (GCG) last Tuesday had approved the purchase agreement between the state-run lender and Postbank.

“The GCG recommended the issuance of an executive order by President Duterte on the 100-per cent transfer of shares of Philippine Postal Corp. and the Bureau of the Treasury to Landbank,” said Budget Secretary Benjamin E. Diokno, an ex-officio member of the GCG.

The GCG also approved the conversion of Postbank to Overseas Filipino Bank after obtaining the approval of the Bangko Sentral ng Pilipinas, Diokno added.

Last week, Buenaventura said Landbank was aiming for a 25-per cent share of the remittance business by 2022 as it planned to open the first so-called Overseas Filipino Bank in Dubai next year.

Once the acquisition is approved by President Duterte, Landbank will infuse 1 billion peso in fresh capitalisation to Postbank and convert it to the Overseas Filipino Bank, he said. – Philippine Daily Inquirer

Village achieves financial independence

Amid rampant reports of alleged corruption involving the Village Fund, Ponggok in Klaten, Central Java, Indonesia, is an example of a financially independent village, even before it was slated to receive funds from the government program aimed at improving the welfare of Indonesia’s rural residents.

Ponggok, with a total population of 2,300 people, has its own village-owned enterprise (BUMDes) that earned a net income of 10.3 billion rupiah (US$771,478) last year from various businesses, including tourism.

Village head Junaedi Mulyono said Ponggok used its share of the Village Fund, which became available in 2015, to turn Umbul Ponggok swimming pool into a modern water park, which has become an icon of the village, and to repair roads and the drainage system.

“The BUMDes also allowed villagers to open shops at Umbul Ponggok. Rented life jackets and other swimming equipment are also provided by villagers,” Junaedi told Finance Minister Sri Mulyani Indrawati, who visited Ponggok on Wednesday.

Junaedi said he had targeted to increase the BUMDes’ net income to Rp 15 billion this year and planned to distribute its dividends among the villagers. – The Jakarta Post

Indonesia denies biodiesel dumping

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Indonesia denies biodiesel dumping

ASEAN+ August 25, 2017 01:00

By THE JAKARTA POST
ASIA NEWS NETWORK
JAKARTA

INDONESIA will ask the United States to review its latest anti-dumping measure against Indonesian biodiesel, according to Trade Minister Enggartiasto Lukita.

“Such allegations [that Indonesian biodiesel production is subsidised] have been raised before and we can prove that there’s no subsidy involved. We’ll pass the request to the US for a review immediately after talking to producers,” he told reporters on Wednesday.

The US Department of Commerce (DOC) announced Tuesday its preliminary anti-dumping determination on biodiesel from Indonesia and Argentina.

Its preliminary investigation claims that Wilmar International Ltd has benefitted from a 41.06 per cent subsidy from the government, while PT Musim Mas received a 44.92 per cent subsidy and all other local producers 44.92 percent.

Producers in the country would, therefore, be required to pay a fee to the US Customs and Border Protection (CBP) agency, based on those preliminary rates.

Minister admits companies bear high costs

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Minister admits companies bear high costs

ASEAN+ August 25, 2017 01:00

By VIET NAM NEWS
ASIA NEWS NETWORK
HANOI

VIETNAMESE businesses are bearing the burden of high expenses and struggling with increased pressure from new taxes and fees, which are hindering their competitiveness and reducing their efficiency.

During an online talk show staged by the government with the theme ‘Reducing cost burdens, boosting private business development’, participants agreed rising taxes and fees, plus cumbersome administrative procedures, are negatively affecting the competitiveness of Vietnamese enterprises, especially in the private sector.

According to the World Bank’s 2017 World Business Environment Survey, the cost of running a business in Vietnam is much higher than for those in its regional neighbours. The survey said Vietnamese companies pay tax equivalent to 31.9 per cent of their profits, double that in Singapore.

In addition, their export-import costs are four times higher than in Singapore and triple those in the Philippines, while electricity bills for Vietnamese businesses were 49 times higher than in the Philippines, the survey said. Attending the talk show, vice chairman of the Vietnam Private Business Association, Ngo Van Diem, said rising costs, including the price of materials, electricity, fuel, labour and capital have all placed a heavy burden on companies.

“High input costs not only negatively affect the competitiveness of the country but also weaken the capacity of enterprises,” Diem said, adding that this resulted in low profits and stopped companies from increasing workers’ incomes and mobilising capital to reinvest in production.

In addition, high costs also led to higher prices to customers, which affected people’s living conditions, especially the poor, Diem said.

However, the deputy director of the Central Institute for Economic Management, Phan Duc Hieu, said costs were difficult to quantify and were not always in the form of concrete numbers such as taxes and fees.

“In some cases, there are many other types of expenses that can’t be visualised and calculated exactly, such as the cost in time and opportunity, which are possibly much larger than the costs listed on paper,” Hieu said.

The talk show raised the concerns of speakers by giving an example of overlapping procedures leading to increased business costs.

The Minister and Chairman of the Government Office, Mai Tien Dung, told 11 related ministries and other agencies in Hanoi that local businesses spent 28.6 million working days and a total of 14.3 trillion Vietnamese dong (Bt20.9 billion) a year on administrative procedures related to specialised inspections of 100,000 imported and exported goods.

However, manual inspections, slow information connections and a lack of risk management resulted in very low discovery of violations (0.1 per cent).

This proved that there remains a monopoly in the assessment of imports and exports, resulting in higher transportation costs and other unnecessary costs for enterprises, he said.

Participants agreed that while businesses needed to improve their creativity, production capacity and competitiveness, it was also necessary for the government to create a more favourable environment for them. This should be through stronger institutional reforms, a relaxation of bureaucratic scrutiny and securing fair competition by improving access to land, capital, information and other production factors for private firms.

Russia offers nuclear power to Indonesia

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Russia offers nuclear power to Indonesia

ASEAN+ August 25, 2017 01:00

By The Jakarta Post
Asia News Network

RUSSIAN Ambassador to Indonesia Mikhail Galuzin has said his country wants to invest in Indonesia’s nuclear energy future to help increase the country’s electrification rate, which currently stands at 89.5 per cent.

“We are of the view that Indonesia will not be able to meet its electricity demand in the conventional way. Therefore, we offer nuclear plants,” Galuzin told journalists in Jakarta on Wednesday as reported by Antara.

He said his country had deep experience in developing nuclear energy and had helped many countries construct nuclear power plants. Last year, Russia helped Iran construct nuclear plants worth some US$10 billion.

Other countries that have used Russia’s nuclear technology include Nigeria, Jordan and India.

Thai deals clear way for Singapore startups

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Thai deals clear way for Singapore startups

ASEAN+ August 25, 2017 01:00

By THE STRAITS TIMES
ASIA NEWS NETWORK
SINGAPORE

THAILAND and Singapore have signed two deals to deepen links between their technology ecosystems and help start-ups from the city-state gain a foothold in the Kingdom.

Trade agency IE Singapore signed two memorandums of understanding. The first was with Thai Beverage unit C asean, the social enterprise subsidiary of the conglomerate, which runs a programme aimed at helping foreign start-ups set up in Thailand. The second was with Thai co-working space and ecosystem builder Hubba.

The memorandums were signed at the Fifth Singapore-Thailand Enhanced Economic Relationship Ministerial Meeting, in Singapore yesterday. Thai Commerce Minister Apiradi Tantraporn co-chaired the meeting with Singapore’s Minister for Trade and Industry (Trade) Lim Hng Kiang.

The meeting noted the growing bilateral economic ties between both countries. In particular, officials discussed deepening cooperation in agriculture and food, information and communication technology, investment, trade facilitation, tourism, air connectivity and intellectual property cooperation.

IE Singapore said Thailand is on track to become the region’s next booming tech hub – the country’s nascent start-up scene has grown rapidly in recent years.

Thailand is now home to about 1,000 start-ups, making it Southeast Asia’s third-largest start-up ecosystem after Singapore and Indonesia.

Only three start-ups in Thailand received funding in 2012; this surged to 75 in 2016 when a total of US$170 million was raised.

“Thailand might not be an intuitive market for start-ups, but we have to look at the country’s potential trajectory,” said IE Singapore assistant chief executive Tan Soon Kim.

An estimated two-thirds of Thais are social media users and the majority access social media through their mobile phones, speaking to strong prospects for the country’s digital economy.

In addition, start-ups in Thailand are getting strong support from both the government and private companies keen to tap new technologies for growth, IE noted.

“Thai conglomerates are looking out for technologies that can address their core traditional businesses, and this is where Singapore companies can come in to fill a need,” Tan said.

“If [Singapore companies] are able to latch on to these conglomerates, they can go regional into Cambodia, Laos, Myanmar and Vietnam (CLMV region).”

NYU Stern to host leadership programme for Asean execs

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NYU Stern to host leadership programme for Asean execs

ASEAN+ August 25, 2017 01:00

By THE JAKARTA POST
ASIA NEWS NETWORK
JAKARTA

NYU Stern Executive Education, part of the New York University Stern School of Business, is set to hold a weeklong programme for Asean corporate and public-sector executives on four main themes – globalisation, innovation, entrepreneurship and leadership.

With the Asean region seen as playing a critical role in driving global economic growth, NYU Stern will host the Asean Global Leadership Programme (AGLP) for regional management consulting firm SRW&Co in New York City of the United States from April 16-20.

It will be the first time NYU Stern has hosted the custom programme in the city after eight years of it being held annually at several top business schools in the United Kingdom, China and other cities in the US.

SRW&Co chairman and partner Daniel Wong said the collaboration with NYU Stern would offer its clients a programme designed for business leaders faced with exciting opportunities as well as challenges related to conducting business in Asean.

New York City was chosen because it was an epicentre of global business and a thriving hub of innovation that multinational and technology firms as well as startups called home, said NYU Stern’s dean Peter Henry.

Given its proximity, NYU Stern’s faculty was in constant conversation with the business community and would bring the latest insights on global business leadership and innovation for the participants, he added.

The campus’ hands-on classroom sessions included conversations with local entrepreneurs and company visits to startup technology firms and financial institutions, said Luke Williams, programme co-director and executive director of NYU Stern’s WR Innovation Labs.