At a time when New Delhi is beginning to not just ‘Look East’ but also ‘Act East’, and when parallel integrative processes are underway globally, including the ASEAN-led process, the incipient China-led process and the U.S.-led TTP, India and ASEAN could together produce a brilliant new era of Asian integration.
BANGKOK -- Although bank regulators in Southeast Asia are making only slow progress in opening up the region's financial industry, banks are managing to spread their wings through mergers and acquisitions, and using digital technology.
Phillipine - State think tank National Tax Research Center (NTRC) threw its support behind the government’s plan to hike taxes on new cars, saying in a report the Philippines imposes the lowest motor vehicle excise taxes in the Association of Southeast Asian Nations (Asean) region.
"In my efforts to peek into the future–specifically the prospects of the Asean Economic Community, or Asean regional integration–I interviewed Dr. Roberto F. de Ocampo, an economist by training, chairman of the Philippine Veterans Bank and a member of the board of advisers of the RFO Center for Public Finance and Regional Cooperation, an Asian Development Bank regional knowledge hub."
Last year’s extreme drought and contractions in the mining sector have combined to strip Vietnam of its stellar economic growth for 2016, while what effect the death two weeks ago of King Bhumibol Adulyadej will have on Thailand, the nation with the fastest recovering GDP in Asean for 2016, remains to be seen.
KUALA LUMPUR: On Sunday (Nov 22, 2015), leaders of ASEAN and their dialogue partners will witness the signing of the Kuala Lumpur Declaration on the establishment of the ASEAN Community.
Asia accounts for more than 50 per cent of the world’s automobile production, 62 per cent of liquid display screen, 86 per cent of smart phones and 100 per cent of digital cameras.
The food sector has the potential to benefit greatly in the new Asean Economic Community (AEC).