Asean

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With the establishment of the Asean Economic Community (AEC) in 2015, a key milestone in the region's economic integration, Asean now offers the opportunities of a US$2.4 trillion market with over 630 million people. As at 2016, the AEC as a collective was the third largest economy in Asia and the sixth largest in the world.

MAIN LANGUAGES

Standard Malay (official)

English (business)

Chinese

POPULATION

423,200 (2016)

LAND AREA

CAPITAL

Bandar Seri Begawan

CURRENCY

Brunei Dollar (BND)

GDP PER CAPITA ( in US$, adjusted for purchasing power parity )

 

TIME ZONE

GMT +8

EASE OF DOING BUSINESS

How Singapore can prepare for its South-east Asian future: Linda Lim

That Singapore's economic future lies with South-east Asia, is not in doubt, says Dr Linda Lim. How then, might Singapore prepare itself for such...

Here's what the ADB predicts for Asean's economies in 2018 and 2019

The Asian Development Bank (ADB) has published its annual Asian Development Outlook report, and along with it, forecasts for the various Asian...

LATEST UPDATES

Asia-Pacific banks' property exposure rising: Fitch report

Vietnam is among those facing elevated risk, said analysts

State-owned companies' debt threatens emerging economies: Moody's

The risk of bailing out state-owned enterprises (SOEs) could put pressure on emerging and “frontier” markets, Moody’s Investors Service has warned...

5G will add US$147 billion in value to Asean industries by 2025: Report

Indonesia, which is Asean’s biggest market, has the most potential for 5G-related growth, according to analysts at consulting firm A.T. Kearney....

The rise of the ASEAN superapps

Superapps are trendy these days, with many popular apps harbouring the ambition to become a Superapp, not only in one country but across the...