Challenges Await the ASEAN Banking Integration Framework
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 […]
Work Permit and Visa Applications in Malaysia
Oct. 24 – Malaysia has a flexible visa policy that allows a majority of countries to enter without a visa for business trips that do not last longer than 90 days, including foreign nationals from the United States, France, Australia, Brazil, Germany, and the United Kingdom. Nonetheless, it is important to check ahead of time […]
Laos to Increase Foreign Workers
Oct. 17 – Laos is currently suffering from a shortage of skilled labor and, as a result, the Laotian Ministry of Labor has announced that the country needs to bring in at least 70,000 more foreign workers to support its current workforce. Laos has already brought in 20,000 foreign workers as of late, but it has […]
U.S.-ASEAN Expanded Economic Engagement Initiative Praised
Oct. 10 – U.S. Secretary of State John Kerry, along with several Association of Southeast Asian Nations (ASEAN) leaders, praised the progress of the U.S.-ASEAN Expanded Economic Engagement (E3) initiative during the ASEAN Leaders Meeting held in Brunei Darussalam this week. The E3 – which is entering into its second year of implementation – is […]
Vietnam, Myanmar Ease Visa Restrictions
Oct. 9 – In a move to strengthen relations between the two ASEAN countries of Myanmar and Vietnam, starting October 26, 2013, Vietnamese passport holders will no longer have to obtain a visa in order to visit Myanmar for short term stays of up to 14 days. The visa exemption agreement, which was enacted to […]
Work Permits and Visas in Indonesia
Indonesia passed new immigration laws in 2011, and as a result there are now various options available to foreign workers for obtaining visas and working permits in the country. We examine Indonesia’s work permits and visa types here.
China & Malaysia to Increase Trade By 60%
Oct. 5 – Chinese President Xi Jinping has signed a five year trade deal with his Malaysian counterpart Prime Minister Najib Razak that will boost bilateral trade between the two countries by 60 percent to US$160 billion in the next five years. The two countries also upgraded their relationship to a “Comprehensive Strategic Partnership.” Malaysia […]
Xi Again Proposes an ASEAN Infrastructure Bank
Chinese President on tour visiting Indonesia & Malaysia prior to APEC Summit Indonesia Oct. 3 – Chinese President Xi Jinping has again suggested the development of an ASEAN Bank that would invest in infrastructure throughout the region and that China would be prepared to invest in. China is not a member of ASEAN. Xi was […]
Manila Appoints Crack Legal Team to Oppose Beijing
Sept. 29 – The government of the Philippines has assembled a “formidable” international legal team to fight its case against China’s claims in the South China Sea before a United Nations arbitration tribunal. The Philippines’ lead legal counsel, Washington-based Maritime law expert Paul Reichler, has said his five-strong team includes British law professors Philippe Sands […]
ASEAN Economies Maintain “Stable Outlook”
Sept. 24 – Despite the lingering effects of the global economic crisis, the ASEAN economies have “maintained a stable outlook,” according to a report released last week by RAM Ratings. The Southeast Asian credit rating agency cited improving fiscal policies and strong macroeconomic conditions for the region’s positive outlook. According to the report, “the [ASEAN […]