When looking for new success stories in today’s global business environment, it is hard not to notice the remarkable resilience that Southeast Asia, and especially the ten ASEAN nations, are currently showing.
Investor fascination has been sparked in the southern Philippine island of Mindanao with a recent peace agreement, but if security issues persist this new found attention may be fleeting, writes Justin Calderon.
Some of the biggest names in private equity have recently been racing to set up business in ASEAN and to put their surplus cash to work. They are all drawn by a region that is still defying the global economic slowdown.
It’s time for the Gulf Cooperation Council to look East. Global capital is now ending up in Southeast Asia, a region identified as new investment haven with growth prospects unheard of at present times
The 21st ASEAN Summit saw the adoption of the ASEAN Human Rights Declaration by the leaders of the 10 member states, the first stepping-stone on the road to a legally binding treaty, after a troubled gestation period.
Ironically enough, overweight countries can do a lot more for the future of underprivileged and famine-prone nations by changing their eating habits than by dropping some greenbacks off at a food charity.
Investors are well advised to remodel their investment strategies in Myanmar. Latest news show that it is clearly a long way to go for this country to wipe out the effects of 50-plus years of harsh military dictatorship.
There is a lot of talk about the Philippines becoming the next success story for business and investment in Southeast Asia, based on assumptions the country might have overcome its damaged economic culture.
There are an estimated 200,000 Filipinos working in Qatar, or roughly 10 per cent of the population. Filipinos commonly find jobs as construction workers, domestic helpers or in the hospitality and tourism industry.
Despite Singapore being one of the few AAA-rated Asian countries, its strong reliance on trade and exports means that the economic performance of its larger US and European counterparts cannot be ignored.
Today the pulse of Cambodia’s capital follows the rhythm of construction mallets and whirring traffic. Offices, homes and shopping spaces are being erected across a city that hopes to detach itself from a gruesome past.
Asia is moving toward a self-sustaining cycle with on-going trade surpluses, with banks in better financial shape than in the West. Banks in developing countries are looking forward to a decade of profitable growth.
Asked where they would currently see the biggest opportunities for profitable investments in ASEAN, Inside Investor readers voted equally for Myanmar and Indonesia as the countries where things are happening.
Latest data from Singapore shows that demand for new residential properties has fallen in June 2012 for the second consecutive month. Sales volume for private residential units went down by 20 per cent.
Now that the once-isolated Southeast Asian nation has officially become approachable by US investment, foreign businessmen plying name cards across Yangon and Naypyidaw bodes well for the success of reforms.
With slowing growth in China and India, all eyes are now on the emerging Southeast Asian economies which are showing resilience not only towards these two large trading partners, but also towards the EU debt crisis.
Taking a look at the recent Asia Pacific GDP growth statistics you could be forgiven for thinking that there are storm clouds on the horizon. All the major countries in the region have had their GDP forecasts revised downwards.