Top News Headlines In Indonesia, Myanmar, Singapore, Thailand & Vietnam: May 29, 2025
Deputy Trade Minister Dyah Roro Esti met with the Economic Research Institute for ASEAN and East Asia (ERIA) president to discuss strategic research collaboration to strengthen ASEAN's response to US tariff impacts. During a meeting with ERIA President Tetsuya Watanabe in Jakarta, Tuesday, she discussed a research proposal for ERIA to conduct a comprehensive and multidimensional analysis of the US tariff policy issue.
1. CENTRAL BANK ENTERS TO STABLISE CURRENCY -- THE GLOBAL NEW LIGHT OF MYANMAR
The Central Bank of Myanmar announced that it would sell RM128 million (US$30 million) to fuel oil imports. The central bank aims to curb instability in the foreign exchange market and currency devaluation.
1. EYE DISEASE PATIENTS ON THE RISE -- THE GLOBAL NEW LIGHT OF MYANMAR
Nearly 20,000 people with eye disorder sought treatment during the 12th round of eyesight donation at the Sitagu Cakku Dana Hospital in Yangon. Over 4,000 underwent surgery and about 250 received laser treatment.
SINGAPORE
1. FIRST TRANCHE OF GE2025 CANDIDATE EXPENSES PUBLISHED, WITH HIGHEST SPENDING BEING OVER $100,000 -- THE STRAITS TIMES
A total of 35 candidates who contested the May 3 General Election have declared their election expenses so far, with their combined spending coming up to $884,978.
2. US TRADE COURT BLOCKS TRUMP'S 'LIBERATION DAY' TARIFFS -- CNA/REUTER
A United States trade court on Wednesday (May 28) blocked President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the US than they buy.
THAILAND
1. CENTRAL BANK RECOMMENDS USING STIMULUS FUND TO SUPPORT EXPORTERS AMID TRADE CHALLENGES -- THE NATION
The Bank of Thailand (BOT) has urged the government to prioritize the recently approved 157-billion-baht economic stimulus fund toward supporting exporters and domestic manufacturers facing mounting challenges from intensified import flooding and global trade tensions.
2. AIIB KEEN ON LAND BRIDGE INVESTMENT -- BANGKOK POST
The Asian Infrastructure Investment Bank (AIIB) has expressed interest in investing in Thailand's Land Bridge project, describing it as beneficial for both Southeast Asia and East Asia, according to Deputy Finance Minister Julapun Amornvivat.
VIETNAM
1. SKILLED WORKFORCE SHORTAGE TO PROPEL E-COMMERCE -- VIETNAMPLUS
The rising e-commerce sector needs skilled workers to drive further growth. Last year the market was valued at RM106 billion (US$25 billion). According to authorities, the professional workforce for e-commerce was lacking and weak.
2. HUNGARY TO SUPPORT REMOVAL OF IUU 'YELLOW CARD' -- VIETNAMPLUS
Hungarian President Sulyok Tamas, during his visit to Vietnam, said he will ask the European Commission to lift its "yellow card" regulation related to illegal, unreported, and unregulated (IUU) fishing against Vietnam's seafood exports. A move to enhance bilateral trade with Vietnam.
-- BERNAMA
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