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NEW UPDATES Asean Affairs   3 March  2015  

India promotes investment in Myanmar, other ASEAN states

The Indian government, hoping to give more teeth to its “Act East Policy,” has decided to expand the country’s economic links with Cambodia, Laos, Myanmar and Vietnam by promoting private sector investments in these countries through a project development company, reports the Economic Times on March 2.

Indian Finance Minister Arun Jaitley made the announcement while presenting the annual budget at the end of February. "The 'Act East' policy of the government of India endeavours to cultivate extensive economic and strategic relations in Southeast Asia .. [therefore] a project development company through separate special purpose vehicles [will] set up manufacturing hubs in [these countries],” Mr Jaitley said.

Indian Prime Minister Narendra Modi has reignited his country’s “Look East” policy through a change of name – “Act East” policy – and more interaction with Southeast and East Asia.

Part of the push is economic and diplomatic, part to offset China’s growing influence in the region.

With China undertaking infrastructure projects at strategic locations in South Asia and simultaneously increasing its naval presence in the Indian Ocean, India too has been seeking closer ties with several of China's neighbours, particularly Vietnam with which New Delhi now has growing defence and security relations. Experts point out that China has also been deepening its economic links and expanding its presence particularly in Laos and Cambodia.

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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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