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

Asean+3 growth tipped to slow sharply to zero in 2020 before rebounding strongly to 6% in 2021: AMRO

THE economic growth of Asean, China, Japan and South Korea is tipped to slow sharply to zero this year, down from 4.8 per cent last year. It is...

Asean PMIs show normalisation but far from sustained recovery: Barclays

Confidence about the business environment in the near-term remains low, Barclays said.

How to propel retail adoption of AI in SEA

Life under quarantine has altered consumer behaviour as we know it. Under lockdown, some 44 per cent of consumers in Southeast Asia have spent...

Reforms urged to keep Asean connected and competitive

Suggested practices include a better payment connectivity, and a removal of investment restrictions in sectors such as manufacturing, agriculture...

Business group urges Asean-level effort to curb plastic waste

A circular approach to waste could lower costs, create jobs, and boost trade and investment, the group suggested in a statement.

SMEs in Indonesia most confident of surviving Covid-19: survey

The survey, by HP, covered 1,600 SMEs over eight Asian countries