ASEAN is playing an increasingly important role as a growth engine for in regional trade and investment. It is no wonder that several neighbouring states are looking into the possibility of joining ASEAN as full-fledged members.
If investors weren’t already rattled enough by the prospects of dealing with Algeria’s red-taped system, it now seems that they will also have the added possibility of an Islamist militant resurgence on their minds.
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
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.
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.