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.
Not unimportant to the Qatari economy is the fact that future streams of liquefied natural gas, or LNG, will flow heavily in the direction of Southeast Asia, with Thailand and Indonesia being the biggest absorbers.
Economic growth in the Sultanate of Brunei slowed to an estimated one per cent in 2012, owing to weakness in production and exports of crude oil, which is way below all other ASEAN peers except Singapore.