Markets

Financing Jokowi's infrastructure ambitions

Similar to its Southeast Asian counterparts, Indonesia is carrying out ambitious infrastructure projects to transform and modernise the nation. The upgrading of Indonesia’s infrastructure is part of President Joko Widodo’s (Jokowi) Nawa Cita programme – a nine-pillar programme to develop Indonesia. Roughly translated as “Nine Hopes”, the President introduced the agenda when he was elected as the republic’s president in 2014.

9 October 2018
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Thailand’s EEC draws investors

Thailand’s Eastern Economic Corridor (EEC) is slated to be an arterial node for trade, investment, and regional transportation, besides also serving as a strategic gateway to the Southeast Asian region.

8 October 2018
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Vietnam’s shrimp exports at risk

Vietnam is enjoying record numbers in shrimp exports but ironically faces tough barriers in its home market.Shrimp accounted for 46 percent of Vietnam’s total seafood exports in 2017, raking in US$3.8 billion out of US$8.3 billion worth of aquaculture exports in total. In 1Q18, shrimp exports brought in US$719 million in revenue.

8 October 2018
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The state of the telecommunications market

Although divided by physical borders, the ASEAN region is digitally interconnected. In light of the Fourth Industrial Revolution, technological progress should not be deemed a success, rather it is very much a necessity. More people within the ASEAN citizenry now own smartphones and other digital devices that enable them to keep abreast with what is going on in the complex world around them.

7 October 2018
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F&B industry fuelled by middle class

ASEAN’s positive economic growth has seen many changes in the way its citizens go about their daily lives. With an economy that is fast growing and the potential for progress still positive, the rise of the middle class is very much apparent within the region. An increase in disposable income has allowed some room for people to spend on items or products that might not be a necessity.

6 October 2018
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Cleaning up education for Industry 4.0

Just this Tuesday, Thailand’s cabinet approved the transfer of three senior head officials from the country’s Ministry of Education amid a probe into alleged malfeasance in relation to the construction of the Songkhla Lake Aquaculture Research Centre, an aquarium and marine research centre in the southern province of Songkhla. This is the latest step in a high-profile corruption probe that the ministry is conducting.

5 October 2018
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USMCA favours North American autos

United States (US) President Donald Trump fulfilled one of his election promises by getting rid of the North American Free Trade Agreement (NAFTA) and replaced it with the US-Mexico-Canada Agreement (USMCA) signed on 30 September.

5 October 2018
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Are electric vehicles the future of ASEAN transportation?

The first image that usually springs to mind when someone mentions any Southeast Asian capital is congested roads filled with honking cars and motorcycles. Congested roads have become synonymous with Southeast Asia, and that is not going to change anytime soon.According to the latest data, vehicle sales in Southeast Asia is set to outpace all other regions in the world.

4 October 2018
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A sustainable transportation policy for ASEAN

Southeast Asia’s roads are home to over 20 million cars. This number is expected to rise to 62 million by 2040 according to the International Energy Agency (IEA). At the same time, new high-speed rail systems are being built all over the region, resulting in the recent infrastructure boom. The growth of the transportation sector is a welcome sign as it indicates that the region is catching up economically with the rest of the world.

2 October 2018
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Innovating education for Industry 4.0

Singapore’s Education Minister Ong Ye Kung recently revealed that the government there intends to bring in foreign talent in areas critical to Industry 4.0. Ong said that meanwhile, the country will work on rebalancing its education system to meet future demand.

30 September 2018
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Southeast Asia could hit US$5 trillion growth

Southeast Asia’s been home to almost half of the biggest growth drivers in the past half-century. To keep investors interested, it’ll have to make the right moves across technology, education and infrastructure, according to Diaan-Yi Lin, a senior partner at McKinsey & Co.Among 71 developing economies of the past half-century, 18 are responsible for the lion’s share of growth, with eight of those within Southeast Asia, a September McKinsey report showed.

29 September 2018
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Construction ahead for Vietnam

Vietnam is going through a transformative period. The economic reforms undertaken by the ruling Communist Party have transformed the country into one of the fastest growing economies in the world.This year in particular has seen the communist country’s business environment grow tremendously with over 26,000 new enterprises established.

28 September 2018
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