The ASEAN+3 Macroeconomic Research Office (AMRO), a Singapore-based international organization analyzing the regional economy, last month downgraded this year's growth projections for ASEAN by 0.4 percentage point to 4.5%.
Considered one of Asia’s bright spots amid a gloomy global outlook, the Philippine economy has lost some of its luster, with analysts slashing projections after last quarter’s growth fell far short of expectations.
Thailand’s inflation rate is the lowest among the seven Asean countries which have already announced their rates, with inflation for the whole year expected to range between one per cent and one per cent, according to Poonpong Naiyanapakorn, Director of the Commerce Ministry’s Trade Policy and Strategy Office.
Vietnam looks forward to signing an MoU on fisheries with Indonesia.
In 2021, Southeast Asian unicorns — privately owned billion-dollar businesses — came into the spotlight because of an increased inflow of private equity funding for tech start-ups. The region’s growing smartphone usage among its young demographic, expanding middle class and growth in internet users led to investment in the sector.
Analysts of Robocash Group have considered investment activity in Southeast Asia. According to the analysts, Singapore is the most attractive country in the region for investment in fintech.
Understanding the Impact of Non-Financial Disclosures on ASEAN’s Growing Economy
ASEAN holds out immense potential for generating carbon credits, given the region’s incredibly rich biodiversity and abundance of renewable energy sources. Member countries should collectively forge commitment and a timeline for implementing regionwide carbon trading.