Economy & Trade

Indonesia Focuses on Improving Investment Climate

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Dec. 6 – In Indonesia, securing long-term investment remains a high priority following a summer of sudden capital outflows. “We need to implement breakthroughs to improve our investment climate,” said Perry Warjiyo, Deputy Governor of Bank Indonesia, the country’s central bank. “That’s the key to attracting foreign direct investment.” There has been some progress in […]

Political Unrest Threatens Thailand’s Long-Term Prospects

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While frequent political upheaval in Thailand has not significantly harmed overall economic stability, it has constrained Thailand’s long-term economic growth and development. By Shawn Greene Dec. 2 – More than three weeks after the Thai Senate rejected a highly controversial bill that would have provided amnesty for political offenses dating back to the 2006 coup, […]

December 2013 ASEAN Regional Meetings

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Dec. 2 – While December is a relatively slow month for regional ASEAN meetings, there are still a number of important forums being held in December, including the ASEAN-European Union Joint Cooperation Committee Meeting and the 40th anniversary summit for the establishment of ASEAN-Japan relations. The key meetings of note for our readers are as […]

ASEAN’s Demographic Dividend

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Oftentimes referred to as ASEAN’s demographic dividend, ASEAN countries’ decreasing dependency ratios have the potential to translate into significant GDP growth if accompanied by effective government policies that liberalize trade, attract FDI, and mobilize capital and labor productively.

Slow Progress in Timor Leste’s Bid for ASEAN Membership

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Nov. 18 – Cautiousness and mixed feelings among the ASEAN member states continue to slow progress in Timor Leste’s bid to join the 10-member regional bloc. In September, Timor Leste Prime Minister Xanana Gusmao spent five days in the Myanmar cities of Yangon and Nay Pyi Taw to strengthen diplomatic relations with the country set […]

Indonesia Seeks Private Investors for Massive Infrastructure Upgrade

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Nov. 15 – On Wednesday, Indonesia announced US$35 billion plans for new infrastructure projects to address what many view as the single largest deterrent to investment in Southeast Asia’s largest economy. Coming a day after senior executives at the World Bank vocalized concerns about Indonesia’s deteriorating infrastructure, the Indonesian government announced that of the 56 […]

The Pacific Alliance: ASEAN’s Bridge to South America

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Nov. 14 – As ASEAN countries continue to move towards regional integration by 2015, a new economic bloc consisting of Latin America’s fastest growing economies may be the key to trade between the two regions. Establishing a framework for trade and economic integration, the Pacific Alliance (Alianza del Pacifico) was established in June 2012 by […]

Challenges Await the ASEAN Banking Integration Framework

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By Matthew Davis Nov. 4 – Following periods of regional instability resulting from the 1997 Asian financial crisis and the recent global financial crisis, there has been great impetus for establishing a pan-ASEAN banking presence. In promoting such financial integration, the ASEAN nations hope to capitalize on economies of scale, a larger consumer base and […]

November 2013 ASEAN Regional Meetings

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There are a number of important regional forums being held in November, including the ASEAN-Australian New Zealand FTA Economic Cooperation Meeting and the 26th ASEAN-Australia Forum. The key meetings of note for our readers are as follows.

Vietnam Increases Trade Deficit with ASEAN Nations

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Oct. 21 – Vietnam has increased its trade deficit by US$2.13 billion during the first nine months of the current fiscal year as imports from other ASEAN nations rose, according to trade statistics published this month. During this time, total trade turnover between Vietnam and the ASEAN bloc totaled US$29.6 billion, with Vietnamese exports growing […]

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