Under the theme, “ASEAN: Oneness to the world”, 2019 has been designated as the ASEAN Cultural Year to celebrate and promote the region’s rich and diverse cultural heritage. The promotion of cultural heritage and ethnic traditions drive the region’s tourism development, which is an integral part of the economic policies across ASEAN.
The story of economic growth within the Association of Southeast Asian Nations (ASEAN) is a remarkable one. Having successfully weathered economic headwinds like the 1997 Asian financial crisis and the 2008 global economic meltdown, ASEAN’s gross domestic product (GDP) has more than quadrupled since 1999, from US$577 billion in 1999 to US$2.5 trillion in 2016, making it the sixth-largest economy in the world.
Thailand’s proposal for a five-year master plan to improve mainland Southeast Asia consisting of Myanmar, Cambodia, Thailand, Lao PDR and Vietnam has been well received by leaders of participating nations. The long-term outline, was announced by Thai Prime Minister, Prayut Chan-o-cha at the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit held in Bangkok last week.
Every four years, as football fans gear up for the World Cup, researchers engage in a game of their own: trying to determine just how costly the tournament is to employers and economies. Our own contribution to this genre suggests that the calculation is a bit more complex than is generally acknowledged.To calculate the number of productive hours at risk in this year's tournament, we assume local office hours are between 9:00 a.m.
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman will discuss how to boost oil production while maintaining their petro-alliance when they meet in Moscow to watch the soccer World Cup’s opening match between the two countries.The world’s largest oil exporters are negotiating how to rework their unprecedented, and successful, deal to control oil production as United States (US) sanctions on Iran and the collapse of the Venezuelan petroleum industry threaten to send c
Anyone who shorted Chinese stocks, went long the yuan and loaded up on the country’s government debt has unexpectedly won big in 2018.Strategists across the board have been blindsided by China’s financial markets this year, where extreme moves mean the nation has hosted both the world’s best and worst performing assets all at once.
In operation for more than 40 years, this outfit has grown to $106 billion in assets with investments in more than a dozen countries. Most of that is in China. Its returns probably wouldn't have you popping champagne – 12.8 percent last year on a return-on-equity basis, 4.6 percent if you're looking at return on assets. But it has never posted a loss, so that's something.
The economic end goal for the Association of Southeast Asian Nations (ASEAN) under the ASEAN Economic Community (AEC) is economic integration. And one of the many steps taken to achieve that goal is through the introduction of the ASEAN Single Window (ASW) initiative. What is the ASW?The prime focus of the ASW is on trade facilitation and the end product is the integration of National Single Windows of individual ASEAN member states.
High level executives, investors or professionals in industries of the future like aerospace, automation and biofuels can now live and work in Thailand under a new visa scheme called the SMART visa.
If the Association of Southeast Asian Nations (ASEAN) were a single country, its approximate population would be a staggering 630 million, making it the fourth largest in the world behind India, China and the European Union. Economic growth is impressive, with an average annual real growth rate slightly higher than 5 percent.
The Association of Southeast Asian Nations (ASEAN) and Switzerland might seem an odd pairing at first glance. However, relations between the two have just begun to intensify over the past year.In 2009, the European nation appointed its first ambassador to ASEAN and in 2016, it was conferred the status of sectoral dialogue partner of ASEAN at the 49th ASEAN Foreign Ministers’ Meeting (AMM) in Vientiane, Lao.