Regional Outlook, Global Perspective

Celebrating the silver jubilee of ASEAN-India relations, Prime Minister Narendra Modi penned an op-ed stating that the relations between India and the regional grouping is “free from contests and claims”, and that both share a common vision for the future that is built on “belief in sovereign equality of all nations irrespective of size”. The opinion piece, published by 27 newspapers as 10 ASEAN leaders descended for a summit in Delhi on Friday, is a clear criticism of China’s growi... Read more...

Last August, ASEAN turned 50 years old. It will have much to celebrate since its launch in Bangkok by the five founding members, Indonesia, Malaysia, Philippines, Singapore and Thailand. Their goal was to become an integrated socio-economic grouping that would transform Southeast Asian into a peaceful and prosperous region.  With the eventual addition of Brunei Darussalam, Cambodia, Laos, Myanmar and Vietnam, it now has a combined GDP of US$2.4 trillion and is the third fastest-growing ... Read more...

Once a recipient of foreign aid, Indonesia is now set to provide the same help to other countries in need. In her annual foreign policy statement recently, Indonesian Foreign Minister Retno Marsudi announced the establishment of ‘Indonesia Aid’, an agency that she says will be responsible for delivering social and economic assistance to people and places stricken by conflict and natural disasters. Indonesia was one of the first countries to offer humanitarian assistance in the wake of las... Read more...

     Most Southeast Asian economies are likely to enter a boom period in 2018 thanks to strong exports and solid domestic demand. Top performers such as Malaysia, the Philippines and Vietnam are expected to see their annual GDP expanding faster than the rest, exceeding 6 percent, as manufacturing and services sectors further recover from sluggish global demand. Meanwhile, top commodity producer Indonesia will benefit from higher prices, particularly for coal, metals and palm oil.     Un... Read more...