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ASEAN stands tall amid turmoil, has infrastructure spending worth $9.97 trillion

JAKARTA - A combination of sustained economic growth, young population and infrastructure spending estimated at US$7 trillion (S$9.97 trillion) over the next 15 years makes ASEAN an attractive investment destination amid the turmoil in emerging markets. Maybank group head of global banking Amirul Feisal Wan Zahir said that during his recent visit to New York, the conversation of global portfolio managers in ...

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Vietnam enters new playground after TPP negotiation ends

After five years of negotiations with countless disagreements and obstacles, trade ministers of 12 TPP member states reached the final consensus on the world’s largest free trade agreement on October 5 evening. Before the agreement is officially signed, TPP must be approved by the heads and parliaments of the 12 member states countries. VN economy to prosper According to many experts, the TPP will create mo ...

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Pacific nations reach TPP deal

KUALA LUMPUR: TRADE Ministers from 12 countries have reached an agreement on the Trans-Pacific Partnership (TPP) negotiations, marking the conclusion of the trade pact. In a statement yesterday, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said negotiators reached an agreement on the TPP yesterday in Atlanta, the United States, after five years of discussions. “Malaysia has won sever ...

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Banking industry gears up for ASEAN

Under the ASEAN Banking Integration Framework (ABIF) agreement, which was signed earlier this year — by 2020 members are required to have banking arrangements in place with regional neighbours. Further, the agreement mandates the establishment of banking services within that neighbour’s borders operating on the same terms as domestic financial institutions opening the ASEAN region up to unrestricted free fl ...

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Asean regional stock market

THERE is no question that the Southeast Asian region, as embodied in the Association of Southeast Asian Nations (Asean), is the bright spot of the global economy, and will remain so for years to come. The region is moving toward more economic integration not only to enhance the individual countries of Asean, but as a buffer and protection against other regions and, of course, China. No one knows exactly how ...

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Malaysia 18th Most Competitive

Malaysia is the world’s 18th most competitive economy, moving two notches up, according to the World Economic Forum’s (WEF) Global Competitiveness Report (GCR) 2015-2016. This is Malaysia’s highest ranking since 2005 in the highly influential and closely monitored report which ranks 140 economies. The upgrade is welcome news for Malaysia especially during the present challenging global environment and refle ...

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