Asean strengthens ties at annual summit; World Bank warns of emerging challenges for region

This week in Asean: 

• Vietnam: Trump Organization partners with Kinhbac City for US$1.5 billion golf resort project
• Malaysia: World Bank urges cuts blanket petrol subsidy to achieve budget targets
• Thailand: Government to launch tourism campaign aimed at generating 3.5 trillion baht

Dear BT reader,

Today marks the conclusion of the Asean Summit in Vientiane, Laos, which began on Oct 6. This year’s gathering has centred on pressing regional issues, notably the civil war in Myanmar and escalating tensions in the South China Sea.