ASEAN Business News

Government needs to promote ASEAN certification: Observers

8 October 2014

Source: The Jakarta Post The government needs to attract more professionals to obtain ASEAN-level certification ahead of regional market integration next year, as the number of certified professionals in the country remains low, say observers. Indonesian Architect Association (IAI) chairman Bambang Barata said that although the government had introduced the certification two years ago, no […]

Asean Economic Community goals will not be met until 2020 or later

19 September 2014

Source: The Star The American Malaysia Chamber of Commerce (AMCHAM) said 52% of respondents from the 2015 Asean Outlook Survey believe that Asean will not reach the Asean Economic Community (AEC) goals until 2020 or later. “Perhaps because of that slow pace of integration, only about half of the companies so far, had an Asean […]

Integration to turn Asean into 7th largest economy

5 September 2014

Source: The world is under a new wave of globalization involving new corporations based outside the G-7 roster of the wealthiest nations, and many of these firms come from Asia, including the Philippines, said the chief of Citi’s Southeast Asian business. In particular, the upcoming integration of the members of the Association of Southeast […]

Malaysia more receptive to Asean Economic Community

21 August 2014

Source: The Star Malaysia is ahead of its neighbours in preparing for the implementation of the Asean Economic Community (AEC). International Trade and Industry Minister Datuk Seri Mustapa Mohamed said that Malaysia had completed 80% of the measures set out for the integration into the AEC framework, ahead of the region’s average progress of 72.2%. […]

Asian Nations Rank High on Global Innovation Index

18 August 2014

Source: Asia Briefing Singapore and Hong Kong have ranked among the top 10 in the 2014 Global Innovation Index, sponsored by Cornell University, INSEAD and the UN’s World Intellectual Property Organization. In the ranking of innovative capabilities and progress of 143 economies, Singapore is the seventh highest in the world; Hong Kong places 10th, South […]

When the pressure is on, Asean falls apart

12 August 2014

Source: The Nation The Association of Southeast Asian Nations (Asean) badly needs to pay more attention to new challenges in the security landscape of both this and more far-flung regions of the globe, addressing them with intensive collective discussion. Though a few commercial airliners have been shot down over the past decades, the downing in […]

Japan shifting investments from China to ASEAN

31 July 2014

Source: Deutsche Welle Japanese companies are shifting their investments away from China and increasingly setting their sights on the ASEAN region as a result of growing tensions between the two Asian powers, analyst Rajiv Biswas tells DW. Territorial disputes and a unilateral declaration of an Air Defense Identification Zone are just some of the reasons […]

New rules for foreign IPOs

22 July 2014

Source: Bangkok Post The Securities and Exchange Commission (SEC) will let foreign companies launch initial public offerings (IPOs) and simultaneous dual listings locally as part of an effort to make the Thai bourse a hub for the Greater Mekong Subregion. Secretary-general Vorapol Socatiyanurak said the new regulations would take effect next month. The SEC’s Capital […]

Asean bond market growth to accelerate

17 July 2014

Source: The Nation The Asean bond market, now with over US$1 trillion of domestic bonds, is expected to witness continued growth rate, with growth beyond the 11-12 per cent achieved over the last five years, said Moody’s Investors Service. “Given the strong GDP growth rates in the region, increased disintermediation, high infrastructure financing needs, cross-border […]

Thailand ‘among top 5 FDI recipients’

27 June 2014

Source: The Nation Thailand is among the top five recipients of foreign direct investment in the region, according to the United Nations Conference on Trade and Development. The International Institute for Trade and Development (ITD) said the country should upgrade its soft infrastructure in preparation for a potential increase in FDI through the Asean Economic […]