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Laos Update | March 6, 2019
Authors: Riley Smith, Ella Duangkaew, David Mineo
THE COUNCIL'S TAKE
Lao PDR President and Vietnamese President and General-Secretary Meet in Vientiane to Strengthen Bilateral Relationship
(Washington, DC) The US-ASEAN Business Council’s Board of Directors, members, and staff congratulate Dr. Benjamin E. Diokno on his appointment as Governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas, or BSP). Dr. Diokno will serve as BSP Governor until 2023, which includes the remaining term years of former BSP Governor Nestor A. Espenilla, who passed away on February 23 after a battle with cancer.
Myanmar Update | March 1, 2019
Author: Riley Smith and Jack Myint
THE COUNCIL'S TAKE
Food & Agriculture Update | March 1, 2019
Authors: Sunita Kapoor, Hai Pham and David Mineo
LOOKING AHEAD
ICT Update | February 27, 2019
Authors: Kim Yaeger, Ella Duangkaew, Goh Jing Yi, David Mineo
LOOKING AHEAD
US investors are showing interest in Myanmar following recent efforts to open up and regulate several sectors of the economy, such as banking and finance, and education.
Last Thursday, US Ambassador to Myanmar Scot Marciel met with businessmen from the Union of Myanmar Federation of Chambers of Commerce (UMFCCI) to discuss potential investment opportunities available to US businesses.
The US has already sent delegations to Myanmar to review opportunities following the recent slew of reforms in the banking and finance sector, according to the UMFCCI.
On November 8, 2018, for example, the Central Bank of Myanmar announced that it would allow branches of foreign banks in the country to offer financing for local businesses and operate other banking services as well as expand.
The Joint Foreign Chambers (JFC) of the Philippines and other groups have supported the Open Access in Data Transmission bill or Senate Bill (SB) 1762, saying the measure would give the local telecommunications industry improved “competition, innovation and a level playing field.”
In a statement over the weekend, the JFC, local businesses and civil society groups backed the passage of the measure, seen to improve internet services in the country.
The bill, they said, opens the sector for more service providers, pushing the sharing of infrastructure and resources among telco players and improving “access, affordability and quality of transmission services.”
Telco towers
Allowing more telco players to set up transmission services is also necessary to expand internet access across the country for inclusive development, they said.
Dear Members,
(Washington, D.C.) The Board of Directors, members and staff of the US-ASEAN Business Council offer their sincere condolences to the Espenilla family, Philippines Government, and the people of the Philippines on the passing of Nestor A. Espenilla Jr., Bangko Sentral ng Pilipinas (BSP) Governor and Chairman of the Monetary Board. Governor Espenilla passed on February 23, at age 60, after a battle with cancer.
“I am deeply saddened by the news of Governor Espenilla’s passing,” said Alexander Feldman, President & CEO of the US-ASEAN Business Council. “He served his country with integrity and dedication. The Council and its members will miss working with him and will always remember the great contributions he has made to the advancement of the U.S.-Philippine economic relationship.”