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NEW UPDATES Asean Affairs   23  November 2015  

ASEAN FDIs hit US$136b

ASEAN’s foreign direct investments (FDIs) hit US$136 billion in 2014, even surpassing FDIs in the US and China,

Ina speech delivered at yesterday’s ASEAN Business and Investment Summit 2015, Malaysian Prime Minister Najib Razak said FDI inflows are expected to increase well into the future following the establishment of the ASEAN Economic Community (AEC).

More than 20 per cent of the FDIs came from Europe. Other leading investors in ASEAN include the US and Japan.

In terms of growth, he forecasts ASEAN economies to post an annual growth of 5.6 per cent through 2019.

He said AEC, which envisions the region as a single market, is seen to make ASEAN the world’s fourth largest economy by 2050. ASEAN will create more economic opportunities and jobs by being a more attractive destination for businesses and investors.

Najib said regional economic integration will also face challenges but as long ASEAN is united, it will be able to achieve sustainable and inclusive growth.

The ABIS is a platform for interaction between political and corporate leaders.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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