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

Hitachi Vantara launches new virtual storage platform for midsize enterprises

Hitachi Vantara, a wholly owned subsidiary of Hitachi, said it expects its mid-range models to experience double-digit growth in ASEAN, as it...

Pandemic puts the squeeze on tech startups: Report

SOME tech startups are bleeding heavily across the region, despite the coronavirus pandemic’s lift to segments like e-commerce and tele-health....

Nearly 21 million workers face job losses as pandemic shreds Asean-6 economies

SOUTH-EAST Asian markets look set to be rocked by sharp spikes in joblessness, as the deadly Covid-19 pandemic smashes economies.

Forerunners, stars, and budding newcomers in Asean's corporate governance scene

The Code of Corporate Governance (CG Code), like a guiding light, serves to strengthen listed companies in their governance. Its presence also...

Asean green bond issuance doubles in 2019

Asean green bond and loan issuance grew to US$7.8 billion in 2019, up from US$4.1 billion in 2018, thanks to new guidelines, according to Climate...

Asean grocery retailers gain as Covid-19 shifts dining to the home: DBS

Measures to curb Covid-19 bode well for supermarkets across Asean, helping to boost sales albeit at the expense of F&B retailers, DBS Group...