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

Two tech firms ink deal to build up AI in Asean

Chinese tech giant Huawei’s cloud services unit and the regional arm of San Francisco-based startup Skymind plan to offer strategic and technical...

Innovative Supply Chain Changing the SME Game

Small but not slow, SMEs (Small and Medium Enterprises) in Southeast Asia (SEA) are quickly adopting new technologies to lower the barrier of...

Asean supply chains to solidify even if US, China reaches trade deal: Maybank

Multinationals are looking to minimise risks from future tension between the US and China

 

Asean's share of global GDP may overtake eurozone's in 5 years

If policymakers enact the right reforms the region can lift its share of global GDP to over 8% by 2030, HSBC says

 

Forging new paths for ASEAN’s sustainable infrastructure needs

The October announcement by Singapore’s Infrastructure Asia, and the Asian Development Bank (ADB), to develop bankable green infrastructure...

Salaries in Malaysia will increase further by 5.3 per cent in 2020: Aon

Salaries in Malaysia rose by 5.1 per cent in 2019 and are expected to jump by 5.3 per cent in 2020, according to the Aon.