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-speed recovery in services trade expected: HSBC

THE Covid-19 pandemic will lead to a two-speed recovery in services trade, whereby international travel is likely to remain largely suppressed due...

Online buys now more likely from the region than far away

ONLINE purchases are increasingly less about buying things from far away, and more about buying from merchants closer to home - a trend emerging...

Landlords in SEA rethinking operations and strategies

Covid-19 has accelerated the digital transformation process among businesses as they strive to adapt in response to the crisis. As shopper traffic...

I4.0 solutions key to stay ahead

Enterprise Singapore has worked with enterprises in the manufacturing sector on over 1,300 projects to upgrade...

Medical product sector to cushion Asean's growth amid pandemic

But the sector faces risks from medical protectionism, according to a Citi report

Digital payments in Asean to triple to US$1.5t by 2030: report

But ride-hailing, e-commerce, and telecom-driven apps are the best-positioned e-wallet players