China turns up heat in maritime heart of SE Asia   
  
Faced with expansive and increasingly assertive Chinese claims to control as much as 80 per cent of the South China Sea in the maritime heart of South-East Asia, ASEAN countries and major user nations, including Australia, are aligning – based on shared concerns at China’s actions. (The Canberra Times)

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Japan muddies water in South China Sea debate   
   

The ongoing wrangle over jurisdiction of the disputed South China Sea took a new turn on Tuesday with Philippine President Benigno Aquino III meeting Japanese Prime Minister Yoshikiko Noda in Tokyo. (The Irrawaddy)

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Vietnam’s power shift  
     

Vietnam’s rapid industrialization will necessitate a shift in the way the country generates power, while balancing economic and environmental needs. (Industrial Fuels and Power)

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ASEAN responds to concerns about regional food security   
   

The Association of Southeast Asian Nations has pushed food security to the top of its agenda amid continuing global concerns over the volatility of food prices and food supplies. (The Nation)

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Trade currency settlement   
   

In May, the finance ministers of Korea, China and Japan agreed to study the feasibility of using their own currencies to settle transactions among the three countries. The agreement, reached on the sidelines of the Asian Development Bank’s annual conference in Hanoi, drew attention as using local currencies in trade settlements would provide huge benefits to the three neighboring countries. (The Korea Herald)

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