A Country in Consolidation Riding on robust economic growth, surging exports and big investments, Cambodia is scaling up to emerge as a nodal hub in the ASEAN region Cambodia means business. With an economy growing at a brisk ~5 per cent, a government committed to development, investments pouring into infrastructure projects and trade touching new… Continue reading A Country in Consolidation
Malaysian Banking Sector Enters Transformative Phase The Malaysian banking sector is ripe for disruption and consolidation with the entry of digital banks and increase in competition The entry of five new digital banks is expected to be a disruptor for the Malaysian banking sector, leading to both increased competition and possible consolidation. Last April, Bank… Continue reading Malaysian Banking Sector Enters Transformative Phase
Cross-Border QR Payments: Growing Linkages ASEAN nations are establishing cross-border QR payment services as they offer a faster, cheaper, and more transparent mode of cross-border payments, which can boost tourism and trade and promote financial integration in the region In November 2022, the State Bank of Vietnam (SBV) and Bank of Thailand (BOT) officially launched… Continue reading Cross-Border QR Payments: Growing Linkages
VIETNAM: Leading the Charge in EVolution China’s loss is Vietnam’s gain even as the ASEAN member is emerging as a key player in EV battery manufacturing, and as a solid alternative in the global supply chain Emerging from the disruptive impact of COVID-19 that led to a drop in per capita disposable income and had… Continue reading VIETNAM: Leading the Charge in EVolution
Resilient 6 Geared Up For 2023 The ASEAN-6 nations are expected to forge ahead in the areas of technology, sustainability, and digital innovation this year. The world has entered a new year amidst tumultuous times. There is a growing fear of recession in the United States on one end, while on the other there are… Continue reading Resilient 6 Geared Up For 2023
Is ASEAN’S Trend of Data Localization the Best Answer to Data Protection Requirements? Data localization strategies should be undertaken on a risk dependent approach to safeguard the region’s economic interests. As concerns around data privacy increase, countries in Southeast Asia and beyond are increasingly turning to data localisation as a measure to protect personal data.… Continue reading Is ASEAN’S Trend of Data Localization the Best Answer to Data Protection Requirements?
How the Technology Sector can Help Power ESG in ASEAN Can tech be the answer for the region’s woes with ESG data reporting? As ESG becomes one of the top agendas this decade, ASEAN countries are increasingly using technology as the core of their efforts to reach net-zero. There have been major developments in ASEAN’s… Continue reading How the Technology Sector Can Help Power ESG in ASEAN
Vietnam’s Exports Continue to Push Economic Growth The country’s exports continue to help it excel the region’s average growth. The IMF and ASEAN Macroeconomic Research Office both forecasted Vietnam’s economic growth between 7% to 8% exceeding the start of the year expectation of 6%. Vietnam continues to buck supply chain problems as well general slow… Continue reading Vietnam’s Exports Continue to Push Economic Growth
ASEAN: Football World’s Final Primetime Spot Southeast Asia has the next biggest economic and football market capacity. The football world is constantly looking for new markets to push the world’s most popular sport to further heights amongst the sporting masses and over the past few decades, its eyes have turned to the East and Southeast… Continue reading ASEAN: Football World’s Final Primetime Spot
Shifts in ASEAN Labour Laws Labour laws in Southeast Asia are evolving, but gaps remain in protection and adherence ASEAN has the third largest labour force globally, amounting to 326 million in 2015, and that number is likely to reach 385 million by 2030. However, the pandemic accentuated high informality in labour across Southeast Asia and the… Continue reading Shifts in ASEAN Labour Laws
