ASEAN Economy News

I thought I'd start this topic since there was not one related to this and some of the ASEAN nations are now the fastest growing economies in the world , post only messages that are relevant to any of the 10 ASEAN member countries economy and to start off here is the 1st one ...

Philippines is Rising Asian 'Tiger': Canada PM
By Michael Lim Ubac
Philippine Daily Inquirer/Asia News Network
Sunday, Nov 11, 2012

Latest ASEAN Economy News ...

Latest ASEAN Economy News ...

Sitting on a Vast Pool of Oil in Palawan

Neal H. Cruz
Philippine Daily Inquirer
Publication Date : 14-11-2012

Why don’t foreign investors come to the Philippines in droves in spite of the fact that we have skilled and relatively cheap labour? Because it is difficult to do business in the Philippines due to corruption, red tape, clogged roads that delay the delivery of goods, and very expensive electricity—the most expensive in Asia after Japan. This last, in turn, is due to the expensive oil that we import to run our power generating plants. The hydroelectric and geothermal plants that are cheap and clean are no longer sufficient for the needs of our growing population and expanding economy.

Vietnam Investor Mood Remains Gloomy: survey

Business Desk
Viet Nam News
Publication Date : 14-11-2012

Private-equity investors' negative sentiments about the next 12 months has risen about 100 per cent over survey results in the second quarter, according to auditing and consulting firm Grant Thornton.

Malaysia Can Achieve 4.5% Growth: Lagarde

John Loh
The Star
Publication Date : 15-11-2012

Malaysia can achieve its growth target of 4.5 per cent this year as it diversifies away from a reliance on external trade, according to International Monetary Fund (IMF) Managing Director Christine Lagarde.

“It is quite impressive to see Malaysia's gradual transition from an economy that was largely export-led to one that is more balanced between exports, investment and domestic consumption.

Long Road Ahead for Reforms in Vietnam Banks

Business Desk
Viet Nam News
Publication Date : 15-11-2012

Vietnam had stabilised its economic conditions, but the process of banking reform remains ahead, said Aninda Mitra, head of Southeast Asia Economics at ANZ Bank, at a conference in Ha Noi yesterday.

"The shift to a viable banking system will take time and continue to stress growth prospects," he said, noting that the domestic situation was affected by global growth, which remained highly uncertain.

Foreign Investments in Singapore Going Strong

Aaron Low
The Straits Times
Publication Date : 14-11-2012

Singapore is likely on track to record a strong year of foreign investments pumped into the country, despite the economic downturn.

Latest available figures show that for the first six months of the year, fixed asset investment commitments on items such as factories and machinery amounted to about S$10.6 billion (US$8.66 billion).

Brunei CPI Rises 0.5%

Business Desk
The Brunei Times
Publication Date : 15-11-2012

Brunei Consumer Price Index (CPI) in September increased by 0.5 per cent over the previous month, the Department of Economic Planning and Development said.