• Asean postal officials talk unity
The postal industry has undergone drastic changes and regional postmasters needed to work together more closely and share experiences in dealing with them, said the managing director of Pos Malaysia Berhad, Dato’ Syed Faisal Albar.

• AirAsia Indonesia to Surpass Malaysia Business
AirAsia Bhd. Chief Executive Officer Tony Fernandes said the carrier’s Indonesian operations may surpass its Malaysian unit, which is now more than three times as big.

• Lack of transparency in Indonesian IPO
State Minister for State Enterprises Mustafa Abubakar has said that public communications were conducted poorly during PT Krakatau steel’s recent initial public offering.

• Philippines credit rating to remain poor
Standard & Poor’s Ratings Service (S&P) expects the Philippines’ credit score to remain below investment-grade in the next 10 years barring radical structural reforms.

• Crackdown on Philippine smuggling
The Bureau of Customs on Thursday said it has put up five teams to monitor bonded warehouses suspected of smuggling.

• Thailand unprepared for AEC
AEC preparedness poor.Thai business is still not ready to cope with tougher competition when the Asean Economic Community (AEC) that comes in 2015, the Thai Chamber of Commerce (TCC) reports.

• Tipco ready for regional push
Tipco Foods (Thailand) Plc is searching for a suitable Southeast Asian location for a new beverage factory in the next five years to increase its competitiveness ahead of implementation of the Asean Economic Community in 2015.

• Restructuring Vietnam state enterprises
The ineffective use of capital, natural resources and personnel has made the restructure of Vietnamese state-owned enterprises (SOEs) imperative, warns Institute for Business Development President Dr Dang Duc Dam.