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

Citi slashes Asean GDP growth forecast to 2.9%

The Covid-19 outbreak has reached an "inflection point" in Asean following the exponential rise in new cases since mid-March, Citi said

2020 will be the year of making smart cities sustainable

With half of the people in ASEAN already living in urban areas, governments in the region are increasingly looking to establish smart cities to...

Solutions for sustainable healthcare financing in Asean

Despite a 250 per cent increase in healthcare expenditure across the Asean region, outcome measures such as life expectancy and Universal Health...

Will IoT be the answer to the looming food crisis?

At the World Economic Forum annual meeting this year, 70,000 meals were served, with sustainability underpinning every step of the food selection...

Global impact of Covid-19 could range from US$77b to US$347b: ADB

Two-thirds of the impact will be borne by China, with the rest split between developing Asia and the rest of the world

Vietnam among most sensitive to China supply shocks: report

However, the region's vulnerability to supply shocks in electronics is lower than commonly assumed