The shooting of a Taiwanese fisherman by the Philippine coast guard has instigated yet another needless flashpoint in the rocky waters of Southeast Asia. Nationalistic governments fail to understand the order of the global economy.
Indonesia, the largest economy and the most populous country in Southeast Asia, is opening up for more oil-related investments. The country needs new oil refineries to meet the domestic demand of its ever-growing population.
President Aquino has engendered a lot of sympathy in the Philippines. However, poverty levels are stagnating and job creation remains a debilitating problem due to a lack of labour-intensive industries.
An newly published investment index by US media group and centrist think tank Foreign Policy, listing 102 countries globally for best returns, is based on a - to put it mildly - questionable and misleading methodology.