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

 

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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

From SARs to COVID-19: Reflections on ASEAN’s collective response to public health crises

As the COVID-19 crisis was intensifying in the region in February and March, commentators from the media and academia noted that ASEAN was slow to...

Corporate credit risk in South-east Asia has come down from March peak: study

But risks still remain significantly elevated, said the Moody's Analytics report

Rated project, infrastructure firms in Asia well-placed to manage refinancing: Moody's

Upcoming maturities are concentrated in investment-grade companies

Asian economies to seek diversification post-Covid-19: report

This includes reducing a reliance on single sectors such as tourism, said a Fitch Solutions report

Dark data is an invisible carbon footprint

The COVID-19 pandemic has brought about some unexpected positive environmental consequences. With economies now at a virtual standstill, carbon...

Coronavirus brings digital banking risks and rewards

Players should ramp up digitalisation during the coronavirus pandemic - but they’ll have to be pickier about clientele, too.