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Top Story: Canada’s PM, in blocking Petronas, says nation open to investment but seeks reciprocity
Canada temporarily blocked Malaysian state oil firm Petronas' C$5.17bil (US$5.17bil) bid for gas producer Progress Energy Resources on Oct 20, giving it 30 days to make new representations to the government. Prime Minister Stephen Harper, in some of his toughest remarks on foreign investment yet, signaled a willingness to block foreign purchases of Canadian companies if other countries are not open to Canadian investment.
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+ For more information on the Council’s Thailand program, please contact Carr Slayton at cslayton@usasean.org and Wanlapa "Fon" Komkai at fwanlapa@usasean.org.
YINGLUCK III MINISTERIAL CABINET:
Prime Minister Yingluck Shinawatra confirmed on Wednesday, October 25 that she was seeking royal endorsement for a new cabinet reshuffle. It is anticipated that the reshuffle would affect 23 cabinet seats and involve 14 new faces.
Pending endorsement by His Majesty the King, local media are speculating that the new line-up will be as follows:
1. Plodprasop Suraswadi, Deputy Prime Minister
2. Phongthep Thepkanchana, Deputy Prime Minister and Minister of Education
3. Pongsak Raktapongpaisal, Deputy Prime Minister and Minister of Energy
Top Stories of the Week: Indonesia Acts to Override Patents on HIV Drugs; Indonesian House One Step Closer to Revising 1996 Food Law
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Top Story of the Week: IMF sees Cambodia among fastest-growing economies over next five years
LOOKING AHEAD:
For more information on the Council's Cambodia program, please contact Carr Slayton at cslayton@usasean.org or 202 416-6712 and Wanlapa "Fon" Komkai at fwanlapa@usasean.org or 202 416-6706.IN THIS UPDATE:
Top Story of the week: GDP growth forecast at 5.5 percent in 2013
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Top Story: Philippine Supreme Court Halts New Cyber Crime PreventionActIN THIS UPDATE:
Regional
+ ASEAN Set to Spur Investments for Region's SME | Inquirer, Oct 1