Over the past decade, the financial services sector in Southeast Asia has seen growth that is nothing short of impressive. A more integrated approach in this sector has facilitated great strides in economic prosperity, with an increase in the region’s gross domestic product (GDP) standing as a testament to the methodical planning among ASEAN member countries.
United States (US) President Donald Trump’s shifting positions on economic negotiations with China are confusing investors and once again raising the prospect of a trade war between the world’s two largest economies.Trump on Wednesday backed away from a framework just three days after it was announced as members of Congress and trade hawks close to his administration criticized him for going too soft on China.“Our trade deal with China is moving along nicely, but in the end we will probably h
Over the past decade, the financial services sector in Southeast Asia has seen growth that is nothing short of impressive. A more integrated approach in this sector has facilitated great strides in economic prosperity, with an increase in the region’s GDP standing as a testament to the methodical planning among ASEAN member countries.
Financial centres across the globe are often named after the specific location they are constructed on. This can be seen with the Marina Bay Financial Centre in Singapore, the Hong Kong International Finance Centre, and Wall Street in New York City, amongst others. In Malaysia, however, this is not the case.
There are many sectors within ASEAN that have propelled the region to greater heights in terms of economic development and general prosperity. One of the sectors that Southeast Asia takes great pride in is its automotive industry, which has seen an increase in interest from investors, specifically from the Asian giant that is China.Based on a report by Frost & Sullivan, no ASEAN country is in the Top 10 for global automotive sales as of Q1 2018.
We often associate cryptocurrencies with the realm of the intangible, existing in the perplexing world of coding and data. This thought process will now be a thing of the past as physical bitcoin notes have been launched in Singapore. Tangem, a crypto start-up which positions itself as the developer of “the first smart banknote for digital assets,” has just introduced the pilot sale of “Tangem notes” in the island nation.
While calling to mind a broken record, the constant extolling of the ASEAN economic framework by external parties is warranted. The establishment of the ASEAN Economic Community (AEC) in 2015 has opened up numerous business opportunities for the regional community with its vision of ASEAN as a single market and production hub characterised by the free flow of goods, services, and investments, as well as a more liberal movement of capital and skills.
Since its inception in 1967, ASEAN’s growth trajectory has been nothing short of impressive. The economic, social, and political dimensions within the region have been refined, leveraging on nascent interest from other global players. New Zealand is just one of the players which have established rapport with the monolith that is ASEAN.The ASEAN-New Zealand bond is not new, with both parties having celebrated 40 years of diplomatic relations in 2015.
The Association of Southeast Asian Nations (ASEAN) and the Commonwealth are two global blocs that share many similarities. The peoples within both entities can relate to one another through shared values of tolerance, respect, and understanding. Brunei, Malaysia, and Singapore are three ASEAN countries that are also part of the Commonwealth. It is interesting to note that the first biennial Commonwealth Heads of Government Meeting was held in Singapore in 1971.
Indonesia recently concluded the Indonesia-Africa Forum held in Nusa Dua, Bali which saw the attendance of over 500 delegates from Indonesia and Africa. The forum was held to foster a strong economic relationship between Indonesia and Africa.The forum was attended by participants from over 50 African countries, including government officials and diplomats, members of state-owned companies and the private sector.
The European Union (EU) has been a strong partner of the Association of Southeast Asian Nations (ASEAN) for many years now. Of the 28 members within the EU, Germany has and is still playing a crucial role in this region to region partnership. ASEAN-Germany ties don’t get much attention but it is important given that many citizens of the 10-member Association of Southeast Asian Nations have grown to rely on German goods, services and investments.
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.
