Southeast Asian nations are benefiting from the return of global growth, with more room to grow capacity and exports—even as wages trend upward. Exports are booming for many of the 10 members of the Association of Southeast Asian Nations (ASEAN). The bloc is now the sixth largest economy in the world, with a combined GDP […]
Read MoreCybercrime is relentless, undiminished, and unlikely to stop, thus presenting a cybersecurity threat and potential revenue losses for every businesses, according to a recent study. Cyber crime cost the Asia Pacific region US$171 billion (Bt5.34 trillion) in damages, almost a third of the global total of $544.5 billion, found the study by the Centre for […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) is planning to boost infrastructure investments in ASEAN, in a bid to capitalize on the economic growth in the region. “ADB will increase financing throughout the ASEAN region, based on its eight principles for infrastructure investment,” ADB president Takehiko Nakao said in a speech at the 21st […]
Read MoreAsean’s infrastructure investment needs are estimated to hit US$3.4 trillion between 2013 and 2030. It is critical that governments, the private sector and multilateral development banks work in sync. By Nena Stoiljkovic and Victoria Kwakwa ASEAN needs at least a trillion dollars of infrastructure investment in the next five years to keep pace with economic […]
Read MoreMUCH has been written about three major financial “gaps” facing Asean in the coming decades: 1) the “protection gap” in life and health insurance; 2) the gap in disaster risk insurance or finance; and 3) the retirement income gap due to rapid growth in aging populations. Asean needs to urgently address all three gaps, and […]
Read MoreLast month, at the 24th Association of South-east Asian Nations (Asean) Economic Ministers’ retreat and related meetings, the various leaders talked about advancing innovation and e-commerce in the region and improving trade facilitation, among other matters, during Singapore’s chairmanship this year (“Asean keeping at regional integration, even as global mood goes the other way: PM […]
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Thailand
