ASEAN is a collection of ten nations with a population of 622 million and GDP of US$2,573,589 million in 2014, which if measured as one country would be the 7th largest in the world.
Two months have passed since the historic landmark agreement came into effect, when the ten member ASEAN (Association of Southeast Asian Nations) countries consisting of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Philippines, Thailand and Vietnam signed their commitment to form the ASEAN Economic Community (AEC). With lower business restrictions and enhanced trade opportunities, this new economic bloc will make ASEAN more competitive. However, member countries will first have to resolve their local challenges before they can fully reap the benefits of this connected region.
This year’s 27th ASEAN Summit and Other Related Summits 2015, hosted by Malaysia as chair of ASEAN, marks the culmination of several initiatives aimed at bringing the concept of the ASEAN Community 2015 (AC2015) to fruition.
The ASEAN Community 2015 came together in Kuala Lumpur over the weekend in a milestone event to further integrate economically, socio-culturally and from the security aspect.
Elected chair of the ASOCIO ASEAN Economic Community Digital Taskforce, PIKOM, aims to drive collaboration and co-operation to overcome ICT challenges to support regional ICT integration.
The ASEAN Pathfinder project hopes to pave the way for businesses in member states to tap into the vibrant and lucrative ASEAN market.
Businesses, especially small and medium enterprises (SMEs), will stand to benefit significantly when the ASEAN Economic Community (AEC) integration process is complete, according to Her Excellency Nina Hachigian, US Ambassador to ASEAN.
This year is Malaysia’s turn to chair Asean and hopefully help to propel the bloc forward to play a larger role both regionally and globally.
Maybank’s lending capacity remains strong despite global economic challenges posed by lower crude oil prices.
With 2015 set as the year for the establishment of the ASEAN Economic Community, member countries including Malaysia must put aside differences in order to drive mutual growth.
As carbon emissions continue to rise globally, Malaysia is in a unique position to tap into clean renewable energy resources, setting an example for Asia.
The Group’s transformation is rooted within the firm foundation of its regional vision.
By Jeremy Grant Japanese prime minister Shinzo Abe has a fondness for airborne imagery when it comes to describing his country’s re-engagement with southeast Asia. On a visit to Singapore last week, he likened the 10-nation bloc known as the Association of Southeast Asian Nations (Asean) and Japan to the two engines on an aeroplane […]