ASEAN Region Weekly (6 Sep. 2019)

ASEAN

The world’s most widely recognised sustainability reporting standard, Global Reporting Initiative, has launched in Southeast Asia, with Singapore as the regional base. The Amsterdam-headquartered non-profit, whose standard is used by three quarters of the world’s biggest companies, aims to help Southeast Asian companies identify and manage their environmental, social and governance impacts in a region still new to sustainability reporting. (Eco-Business)

Over the coming days, the leading Southeast Asian technocrats will continue to meet for the 51st ASEAN Economic Ministers’ Meeting in Thailand from September 3 to 11. On the agenda is the plan for creation of a “common market” within ASEAN. (CGTN)

Singapore

Private sector economists have sharply lowered their forecast for growth in the Singapore economy this year to 0.6 per cent, from the 2.1 per cent expansion they saw in June, according to the latest quarterly survey of professional forecasters by the Monetary Authority of Singapore released on Wednesday. (Straits Times)

Thailand

Thailand’s economy is just slowing but not in a recession yet and recently announced government stimulus measures should help lift growth to 3% this year, the country’s finance minister said. (Reuters)

Viet Nam

The country’s index of industrial production saw a year-on-year increase of 9.5 per cent in the first eight months of 2019, a report from the General Statistics Office (GSO) shows. GSO statisticians said the nation’s IIP ensured a stable growth since the beginning of this year. (Viet Nam News)