Integrity Legal

Posts Tagged ‘ASEAN Economic Community’

22nd September 2012

It recently came to this blogger’s attention that an official representative from the Republic of Korea appears to have been appointed Ambassador to the Association of Southeast Asian Nations (ASEAN). In order to provide further information on this topic it is necessary to quote directly from the official website of The Korea Times, KoreaTimes.co.kr:

Baek Seong-taek, a career diplomat who had served in various capacities at overseas missions including Japan, Vietnam and Malaysia, was appointed this week as Seoul’s first envoy dedicated to ASEAN. With Baek’s appointment, Korea became the fourth non-ASEAN nation to name an ambassador to the regional bloc and will launch a permanent mission for the ASEAN in Jakarta next month to redouble engagement on a wide range of issues such as trade, regional security, disaster management and human rights…Baek said he expects ASEAN to play a “balancing role” in Asia, where a power shift is under way amid the rise of China and the decline of Japanese influence, with the U.S. making a so-called “pivot” to the region…

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Although Korea is not the first nation to send an envoy to ASEAN, these developments show an increasing interest in ASEAN’s affairs from the international community. As ASEAN moves closer to being a fully integrated economic community it stands to reason that other nations will desire more interaction with this Southeast Asian organization.

On a related note, it would appear that the Asia-Pacific region is becoming an increasingly popular location among the world’s wealthy, for further insight this blogger must quote from the official website of Bloomberg, Bloomberg.com:

More people in Asia became millionaires last year as the region’s economic growth and entrepreneurship helped generate affluence, according to a report by RBC Wealth Management and Capgemini SA. The number of individuals in Asia-Pacific with investable assets of $1 million to $5 million climbed 1.9 percent to 3.08 million in 2011, according to the report released in Singapore and Hong Kong today. Their total wealth increased 1.5 percent…The World Wealth Report showed in June that the number of individuals in Asia-Pacific with at least $1 million in investable assets jumped 1.6 percent last year to 3.37 million, helped by increases in China, Japan, Thailand, Malaysia and Indonesia. So-called high net-worth individuals in North America dropped 1.1 percent to 3.35 million.

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Based upon the information contained in the article above it would appear that the Asia-Pacific region is now home to the largest number of millionaires in the world. However, much of these individuals’ capital would appear to be located in a few key jurisdictions in Asia most notably Hong Kong and Singapore. One could speculate that future growth may not only increase affluence in places such as Singapore and Hong Kong, but more broadly over the ASEAN and Asia-Pacific regions, respectively.

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27th August 2011

It recently came to this blogger’s attention that the question of ASEAN economic integration may be a topic of discussion at an upcoming forum. In order to provide further insight it is necessary to quote directly from the official website of Asia One, AsiaOne.com:

BRUNEI – Just how close is Asean to becoming “One Asian”? That’s one of the main questions, executives, government leaders and members of civil society will tackle in the upcoming Asean 100 Leadership Forum, said Dato Paduka Timothy Ong (pic), Asia Inc Forum founder and chairman. As the convenor of the Asean 100 forum, Dato Ong hopes the forum will provide an avenue for people to agree, or disagree to “learn from each other effectively”. The One Asean question is one of two questions that Dato Ong finds important in order to help Asean businesses and leaders advance further. “Some people will say we are close, some will say we are not close, but no one will say we are already there. So how close are we and what do we need to do to get to ‘One Asean’?” The second question was made to be “slightly provocative”, where Asean 100 asked if the Philippines can be the next “Asian Tiger”…

The administration of this web log encourages readers to click upon the relevant hyperlinks noted above in order to read this insightful article in detail.

As frequent readers of this blog may be aware, there has been much discussion pertaining to the jurisdictions which comprise ASEAN (the Association of Southeast Asian Nations, Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) especially regarding the future ASEAN Economic Community (AEC). In fact, there has been some speculation that a unified ASEAN visa scheme may be employed in order to streamline travel in the region, but such developments have yet to come to fruition. The future of ASEAN and Greater Asia is a matter of speculation for many, but there is reason to believe that the ASEAN economies will be robust in the coming years.

In matters pertaining specifically to the Kingdom of Thailand it recently came to this blogger’s attention that the amount of certain Condominiums in Greater Bangkok has apparently declined in recent months. For further clarity it is necessary to quote directly from the Property Report website, Property-Report.com:

The supply of new condominiums in Greater Bangkok has declined an estimated 10 per cent this year, while the number of new low-rise units is increasing, according to a report released by the Real Estate Information Center (REIC). Land allotment permits for low-rise units, excluding vacant land lots totalled 27,400 units in the first half of the year, up from 19,800 in the same period of last year. The increase in low-rise units is expected to equal the peak witnessed in 2005. According to the Bangkok Post, last year, low-rise permits totalled about 51,400 units, up from about 42,600 units in 2009. Meanwhile, the number of new high-rise housing construction permits in Greater Bangkok in the first quarter dropped to 260 buildings containing 1.51 million sqm from 302 buildings with 1.59 million sqm in the fourth quarter of 2010…

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Many foreign nationals in Thailand opt to purchase a Thai Condo since it may be possible to gain freehold title to such property. Such title is also referred to as Chanote Title in Thai. That stated, there are concerns among many foreign real estate purchasers regarding the conveyancing of such property so some opt to retain the services of an attorney in Thailand to assist with such an endeavor.

For information pertaining to legal services in Southeast Asia please see: Legal.

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23rd August 2011

It recently came to this blogger’s attention that the Obama Administration’s Department of Justice has apparently filed a memorandum noting un-Constitutional discrimination imposed pursuant to the provisions of section 3 of the so-called “Defense of Marriage Act” (DOMA). In order to provide further insight this blogger is compelled to quote directly from the official website of Instinct Magazine, InstinctMagazine.com:

President Obama’s Department of Justice filed a memo in support of Edie Windsor’s case against the “Defense of Marriage Act” on Friday, marking the second time the Administration has officially stated its opposition to the discriminatory law.

Windsor, who was subjected to unjust federal taxes after her partner of 44-years passed away in 2007, filed a lawuit challenging DOMA. Last week, the DOJ added its weight of support to her claims.

Written in the memo:

Section 3 of DOMA unconstitutionally discriminates. Section 3 treats same-sex couples who are legally married under their states’ laws differently than similarly situated opposite-sex couples, denying them the status, recognition, and significant federal benefits otherwise available to married persons. Under well-established factors set forth by the Supreme Court to guide the determination whether heightened scrutiny applies to a classification that singles out a particular group, discrimination based on sexual orientation merits heightened scrutiny. Under this standard of review, Section 3 of DOMA is unconstitutional.

But the DOJ states in the brief:

-DOMA is discriminatory

-Sexual orientation is an immutable characteristic

-Anti-gay discrimination on religious grounds is unconstitutional

-LGBTs make good parents

-DOMA is harmful to children…

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As DOMA is currently interpreted and enforced by the American government same sex married couples cannot obtain immigration and visa benefits such as a K-1 visa, a CR-1 visa, or an IR-1 visa. This current state of affairs may contravene notions of Full Faith and Credit as enshrined in the United States Constitution’s Full Faith and Credit Clause. However, as there has yet to be a final resolution in the US Courts on the matter and as the United States Congress has yet to pass legislation such as the Respect for Marriage Act or the Uniting American Families Act the ultimate fate of same sex bi-national couples in America remains to be seen.

In news related to the Association of Southeast Asian Nations (ASEAN which includes the following jurisdictions: Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam), it recently came to this blogger’s attention that there are those noting the possibility of further ASEAN economic progress in the coming months and years. In order to provide further information on these issues it is necessary to quote directly from the website of the Bangkok Post, BangkokPost.com:

CIMB Thai Bank is developing an infrastructure base to cope with greater business opportunities offered by the Asean Economic Community (AEC) in 2015, said chief finance executive Narongchai Wongthanavimok. Its major shareholder, CIMB Group, expects the AEC will increase deals in the region. The group has a strong network across Asean that can support CIMBT’s expansion in the region. The bank developed a core banking system and improved its financial support to cope with international transactions, he said. The Malaysia-based CIMB Group has the largest branch network in Asean with 1,105 subsidiaries across Malaysia, Singapore, Indonesia and Thailand. It also has plans for branches in Cambodia, India and Sri Lanka. The financial group is helmed by people from the region and it reaches 81% of the Asean population, representing 89% of the region’s gross domestic product…

This blogger asks readers to click upon the hyperlinks above to view this insightful article in detail.

One could infer from the information above that the increasing economic integration of ASEAN and the emergence of the Asean Economic Community (AEC) may result in further economic benefits for the jurisdictions which comprise the organization and region. As noted above, the ramifications of these developments could have implications for economies such as those of India and Sri Lanka since the increasing business and trade occurring in Southeast Asia could “spillover” into those nations. Meanwhile, discussion pertaining to an ASEAN visa have yet to result in the creation of a tangible unified ASEAN travel document. How all of the developments noted above will evolve over time and the ultimate fate of ASEAN’s economy remains to be seen, but there is clearly a trend of increasing optimism regarding the future of Southeast Asia’s economy.

For information related to legal services in Southeast Asia please see: Legal.

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13th August 2011

It recently came to this blogger’s attention that an 11th Circuit Court of Appeals decision apparently found certain sections of the law enacting American health care reform to be unconstitutional. In order to provide further details this blogger is compelled  to quote directly from an article written by JENNIFER HABERKORN and posted to the website of Politico, Politico.com:

The 11th Circuit Court of Appeals on Friday ruled that the health care reform law’s requirement that nearly all Americans buy insurance is unconstitutional, a striking blow to the legislation that increases the odds the Supreme Court will choose to review the law…The 2-1 ruling marks the first time a judge appointed by a Democrat has voted to strike down the mandate. Judge Frank Hull, who was nominated by former President Bill Clinton, joined Chief Judge Joel Dubina, who was appointed by George H.W. Bush, to strike down the mandate…

The administration of this blog asks interested readers to click upon the relevant hyperlinks noted above to read this interesting and insightful article in its entirety.

Where governmental officials impose restrictions upon individual rights there may be an argument that said activity violates the United States Constitution. Meanwhile, it remains to be seen whether this case will be appealed to the United States Supreme Court and, if it is appealed; whether the Supreme Court will grant Certiorari. Even if the Supreme Court opts to review the matter it is difficult to speculate as to their decision since Supreme Court decisions should never be considered foregone conclusions. Hopefully the ultimate decision in the matter benefits all concerned while remaining in compliance the the law and principles of the United States Constitution.

In news pertaining to the Association of Southeast Asian Nations (ASEAN), it recently came to this blogger’s attention that the Deputy Secretary-General of ASEAN for ASEAN Economic Community was noted for comments regarding ASEAN’s perspective on economic issues in the United States and Europe. To provide further elucidation on these developments it is necessary to quote directly from the website MYSinchew.com:

MANADO, Indonesia, Aug 12 (Bernama) — The Association of Southeast Asia Nations (Asean) learns a lot from debt crisis in Europe and the United States, looking ways to avoid such disaster, a high-ranking official at the Asean Secretariat told Xinhua news agency in an exclusive interview on the side lines of Asean Ministers Meeting in North Sulawesi provincial capital city of Manado. Deputy Secretary-General of Asean for Asean Economic Community Sundram Pushpanathan said that in term of the current situation in Europe, Asean has agreed to stay vigilant. “After experiencing two crises in the region (in the past), ASEAN recognizes the importance of coordination of policies and keeping each other informed, so that the region stays stable in the situation. And of course, I think that from the EU, we have learned a lot of lesson,” he said…[sic]

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Many of the jurisdictions which comprise ASEAN (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam) have shown strong growth in economic terms. Meanwhile, further integration facilitated by trade is likely to lead to further economic advantages for the ASEAN region in the coming months and years. Discussion regarding a unified ASEAN visa could result in tangible benefits to business travelers and those wishing to streamline regional business operations.

For information about legal services in Southeast Asia please see: Legal.

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11th August 2011

It recently came to this blogger’s attention that officials from the jurisdictions which comprise the Association of Southeast Asian Nations (ASEAN) are being encouraged to implement the ASEAN Economic Community (AEC) Blueprint. In order to provide further insight into these developments it is necessary to quote directly from a fascinating article posted to the Live Trading News website, LiveTradingNews.com:

The Association of Southeast Asian Nations (ASEAN) Wednesday was urged to implement the ASEAN Economic Community (AEC) Blueprint 2015 timely. “This year’s ASEAN Economic Ministerial meeting takes place at a critical juncture when there is so much uncertainty about the global economy given the fiscal situations in the United States and members of the European Union. From Indonesia’s perspective, it is imperative that ASEAN implements the AEC Blueprint 2015 on time as this will bring benefits to all of its members and allow ASEAN to grow together with our dialogue partners,” said Indonesian Trade Minister Mari Elka Pangestu…

Readers are encouraged to click upon the relevant hyperlinks noted above to read this article in detail.

Those who read this web log with any frequency may be aware of the fact that there have been many significant developments pertaining to the Association of Southeast Asian Nations (ASEAN). One major announcement, from this blogger’s perspective, was the broaching of the subject of a possibly unified ASEAN visa similar to the Schengen visa scheme currently utilized in Europe. Concurrently, in the context of the Kingdom of Thailand; there has been discussion surrounding the idea of creating Thailand Plazas throughout the ASEAN jurisdictions in order to promote Thai business interests in the region. With respect to geopolitics, ASEAN has been in the news recently as this organization seems poised to eventually promulgate a formal declaration with respect to freedom of navigation in the South China Sea. How such matters will ultimately evolve remains to be seen.

In news pertaining to United States immigration, it recently came to this blogger’s attention that the Governor of the sovereign State of Arizona has petitioned for Supreme Court review of that State’s recently enacted immigration law. In order to provide further insight it is necessary to quote directly from the official website of Politico, Politico.com:

Arizona Gov. Jan Brewer announced late Wednesday she has filed a petition asking the Supreme Court to consider her state’s appeal to a lower court ruling that put on hold key parts of Arizona’s anti-illegal immigration law. “I am hopeful that the U.S. Supreme Court will choose to take this case and issue much-needed clarity for states, such as Arizona, that are grappling with the significant human and financial costs of illegal immigration,” Brewer said in a statement released by her office. “For too long the Federal government has turned a blind eye as this problem has manifested itself in the form of drop houses in our neighborhoods and crime in our communities. SB1070 was Arizona’s way of saying that we won’t wait patiently for federal action any longer. If the federal government won’t enforce its immigration laws, we will.” Brewer, a Republican, vowed this spring to take the case to the high court after a ruling by the 9th Circuit Court of Appeals rejecting her motion to throw out a district court’s ruling that blocked implementation of parts of the law. The deadline to do so was Wednesday…

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As noted previously on this web log, the powers related to immigration and often wielded by the federal legislature and the federal executive are plenary in nature as immigration is one of the relatively few areas in which the United States federal government maintains virtually unfettered seemingly exclusive jurisdiction. That stated, how said jurisdiction interrelates with reserved States’ Rights and prerogatives is an interesting and almost interminably unsettled question. Hopefully, the Supreme Court of the United States can provide insight into these issues and possibly delineate a framework which will facilitate a better understanding of all of these issues and their interaction within the context of the United States Constitution.

For information related to US immigration from the Kingdom of Thailand please see: K1 Visa Thailand.

For information pertaining to general legal services in Southeast Asia please see: Legal.

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