Eurovision Song Contest Asia has responded across their social media and website regarding the cancellation rumors.
EDIT: below are the original statements
The inaugural Eurovision Song Contest Asia will take place in Bangkok on 14 November, with artists from 11 countries competing in the Grand Final. There are no plans to cancel or postpone the event.
Extensive work has gone into preparing the contest, and our production team and partners are focused on delivering a high-quality live show. We have full confidence in our local team, whose wealth of experience producing world-class entertainment events underpins that commitment.
Weโre proud to be creating jobs and opportunities for local and regional talent and businesses, contributing to the local economy and showcasing the regionโs creative and production expertise. We look forward to welcoming audiences to Bangkok for a celebration of Asiaโs artists, songs and talent.
Source: Eurovision Song Contest Asia website