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It was recently announced that Mr. Liu Zhenmin, Vice-Minister of the Ministry of Foreign Affairs of the People’s Republic of China and Mr. Sihasak Phuangketkeow, Permanent Secretary of the Ministry of Foreign Affairs of the Kingdom of Thailand met for the first Thailand-China Strategic Dialogue on August 19. These two officials discussed many issues of importance to both countries and assessed not only the Sino-Thai relationship, but also the relationship both countries maintain with the nations comprising the Association of Southeast Asian Nations (ASEAN). To quote a recent press release from the Thai Ministry of Foreign Affairs:

Both sides noted with satisfaction the progress and the dynamism made in areas as high-level visits, trade and investment, tourism, culture and education since the adoption of the Joint Action Plan on Thailand-China Strategic Cooperation (2012-2016). Both sides agreed to maintain the momentum and, as for next steps, to deepen cooperation on high speed train, water resources management, green, renewable and alternative energy as well as education and human resource development as priority under the MOU on Cooperation on Sustainable Development. Both sides shared the view that the 3rd Meeting of the Joint Commission on Trade, Investment and Economic Cooperation should be convened soon to discuss ways to further promote trade and investment in order to achieve the bilateral trade target of 100 billion USD by 2015 set by the leaders of the two countries. Both sides also agreed to fully implement the MOU on Agricultural Trade Cooperation and facilitation trade in agricultural products and RMB should play a greater role in the business transactions between China and Thailand. Both sides reviewed the decade-long China-ASEAN Strategic Partnership and agreed that it has stood as a pillar of regional peace, stability and prosperity…

As the date approaches for the integration of the ASEAN economies thereby creating the ASEAN Economic Community (AEC) many nations around the world and within the region are likely speculating as to how ASEAN and China will interact both geopolitically and economically. In fact, the recent Thai-Chinese dialogue occurs closely after a recent ASEAN Foreign Minister’s Retreat hosted in the Thai city of Hua Hin. Mr. Surapong Tovichakchaikul, Deputy Prime Minister and Minister of Foreign Affairs of Thailand, chaired the meeting. During the course of the discussions, the issue of the Sino-ASEAN relations was discussed. To quote directly from a different press release from the Thai Ministry of Foreign Affairs:

Mr. Surapong highlighted the importance of ASEAN’s centrality in the evolving regional architecture. He suggested that ASEAN should strive towards a common and more coordinated position and speak with one voice on matters that affect the interest of ASEAN…On ASEAN-China dialogue relations, Mr. Surapong emphasized the importance of maintaining the continuing the spirit of “constructive cooperation” for mutual trust and cordial relations between ASEAN and China, including through advancing trade facilitation and promoting ASEAN’s connectivity efforts with China. He looked forward to the convening of a Special ASEAN-China Foreign Ministers Meeting on 28 – 30 August 2013 in Beijing, to further discuss ways to enhance the strategic relations between ASEAN and China.

Clearly ASEAN’s future economic position is of interest to the Foreign Ministers representing the nations which are included in ASEAN. However, the future of Sino-ASEAN relations is of key importance not only in terms of regional politics, but in terms of global economics and international affairs. How ASEAN will interact with China on key international issues in the future is of significance for many nations in the Asia-Pacific region. Meanwhile, an integrated ASEAN economic bloc could represent one of, if not the, largest economies in the world at some point in the relatively near future. By capitalizing on such a situation to improve trade relations not only with China, but with the United States and the nations comprising the European Union, the countries of ASEAN could stand to reap benefits exponentially larger than those garnered through traditional bi-lateral negotiation.

It will be interesting to see what develops at the upcoming meeting of ASEAN and Chinese Foreign Ministers.

Tags: AEC, ASEAN, ASEAN Economic Community, ASsociation of Southeast ASian Nations, China-ASEAN Strategic Partnership, Investment and Economic Cooperation, Joint Action Plan on Thailand-China Strategic Cooperation, Joint Commission on Trade, MOU on Cooperation on Sustainable Development, People’s Republic of China, Special ASEAN-China Foreign Ministers Meeting, Thailand
Posted in ASEAN Business, China Business, News, Thailand Business | No Comments »

In a recent press release from the United States Department of State, Daniel R. Russell, Assistant Secretary, Bureau of East Asian and Pacific Affairs, discussed the recent anniversary of the Association of Southeast Asian Nations (ASEAN) and the interaction between the ASEAN economies and that of the United States. To quote directly from the recent press release posted on the State Department website:

As the Secretary noted in a statement last week on August 8, the anniversary of ASEAN’s founding, the United States is deeply committed to supporting and partnering with ASEAN…ASEAN is growing in importance. The ten ASEAN countries include two close U.S. treaty allies, valuable security partners, thriving democracies, and Muslim majority nations that are both moderate and influential. ASEAN represents the United States’ fifth largest trading partner and our fourth largest export market. Following U.S. accession to the ASEAN Treaty of Amity and Cooperation in 2009, and in a clear sign of our support for ASEAN, the United States became the first non-ASEAN country to establish a dedicated Mission to ASEAN in Jakarta in June 2010…

Those interested in reading this press release in detail are encouraged to click on the hyperlink noted above.

The United States government is clearly intent on increasing ties with the ASEAN region as the economies have such a significant impact upon the American economy. Meanwhile, many of the countries in ASEAN, including the Kingdom of Thailand, have long standing ties buttressed by cooperation politically, militarily, and economically . In short, the US-ASEAN relationship is a “win-win” for all concerned. The remarks noted above, were followed up by references to the upcoming implementation of a more integrated ASEAN Economic Community (AEC), which is due to become a reality in 2015. To quote further from the aforementioned press release:

The ASEAN-U.S. partnership is grounded in cooperation across political, security, and cultural spheres. Our engagement with ASEAN has led to tangible results in such areas as maritime security, humanitarian assistance, and disaster relief. Our work through the Lower Mekong Initiative has led to positive outcomes supporting the establishment of the ASEAN Economic Community in 2015 and development in the Lower Mekong sub-region. And the United States is committed to capacity building for the ASEAN Secretariat…

As the date for ASEAN economic integration draws increasingly close, the countries which comprise ASEAN (Malaysia, the Philippines, Singapore, Thailand, Brunei, Myanmar, Cambodia, Laos, and Vietnam) would appear to be waiting with bated breath to ascertain whether or not the transition will be a smooth one. It is this blogger’s opinion that the ASEAN Economic integration will in fact turn out to be a rather seamless transition as a great deal of time and effort has been expended by all parties to analyze possible problems and implement solutions prior to the integration itself. The United States has shown (through frequent Presidential visits to the ASEAN region as well as policies which provide support for ASEAN’s initiatives) that it is committed to not only engaging the ASEAN region, but also assisting in creating a mutually beneficial framework for US-ASEAN relations in the future.

Tags: AEC, American Mission ASEAN, American State Department, ASEAN, ASEAN Economic Community, Asean Secretariat, ASEAN Treaty of Amity and Cooperation, ASsociation of Southeast ASian Nations, Brunei, Cambodia, Laos, Lower Mekong Initiative, Malaysia, Myanmar, Singapore, Thailand, the Philippines, US Department of State, US Mission Asean, US-ASEAN relations, Vietnam
Posted in ASEAN Business | No Comments »

It would appear that the Chinese Special Autonomous Region of Hong Kong may be poised to play a larger role with respect to trade between Greater China and the countries which comprise the Association of Southeast Asian Nations (ASEAN). To quote directly from an article by Mary Swire posted on the website Tax-News.com:

During a recent speech, the Director-General of Trade and Industry, Kenneth Mak, has explained why, last November, Hong Kong made a formal request to join the Association of Southeast Asian Nations (ASEAN)-China Free Trade Area (ACFTA). He noted that ASEAN is Hong Kong’s close neighbour and a very important trading partner. “The ACFTA is an evolving platform for progressive liberalization of trade and investment between ASEAN countries and China, with the ultimate objective of fostering closer economic integration and sustainable economic growth in the East Asian region,” he said…As an important platform for trade and investment between ASEAN and China, Hong Kong’s entry into the ACFTA should also strengthen its intermediary role, with more than 3,700 multinational companies having set up their regional headquarters or regional offices in Hong Kong, and, being a global financial hub and the pre-eminent offshore renminbi centre, Mak believes that Hong Kong can provide high-quality financial and management services between ASEAN, China and the rest of the world.

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

Clearly, Hong Kong’s participation in a China-ASEAN free trade area could result in financial, industrial, and business benefits for all of the jurisdictions concerned as the streamlining of trade between these locales could lead to an increase in economic activity not only in ASEAN and China, but in Hong Kong as well.

Meanwhile, the issue of energy security would appear to be at the forefront of the agenda for the members of the Asia Pacific Economic Cooperation (APEC) group. In order to provide further insight into these developments it is necessary to quote from the official website of the Manila Bulletin, MB.com.ph:

MANILA, Philippines — With the Philippines taking the center stage in the Asia Pacific Economic Cooperation (APEC) Leaders’ Summit by 2015, Energy Secretary Rene D. Almendras has indicated that his department will be actively involved in the fortification of policies for the APEC-wide energy security plan… In the proposed strengthening of the APEC energy security plan, the energy leaders in the region will have to re-assess the impact of the global financial uncertainties which have been primarily plaguing the Eurozone countries. They will similarly address concerns relating to political developments in the Middle East and North Africa (MENA) region, as well as those issues relating to carbon emissions from fossil fuel consumption…

Readers are again asked to click upon the hyperlinks noted above to read this article in full.

Energy is a concern in virtually every nation around the globe. Some nations in the Asia-Pacific region have extensive energy resources to draw on while others have virtually no energy resources. Therefore, analysis of the issue of energy security differs depending upon the country. Clearly, as the ASEAN and Asia-Pacific regions evolve there will be new challenges to overcome. Hopefully through careful planning and effective policy making both ASEAN and APEC can create and maintain economic opportunities for those living and working within their members’ jurisdictions.

Tags: ACFTA, APEC, APEC energy security plan, ASEAN, ASEAN China Free Trade Area, Asia Pacific Economic Cooperation, ASsociation of Southeast ASian Nations, China-ASEAN free trade area, Free Trade Agreement, FTA, Hong Kong, offshore renminbi center
Posted in ASEAN Business, China Business, News, Thailand Business | No Comments »

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…

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

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.

Again, readers are asked to click upon the hyperlinks above to read this article in full.

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.

Tags: Ambassador to ASEAN, ASEAN, ASEAN Economic Community, ASEAN Embassy, Asia-Pacific, ASsociation of Southeast ASian Nations, Baek Seong-taek, China, Hong Kong, Indonesia, Jakarta, Japan, Korea, Malaysia, Republic of Korea, Seoul, Singapore, South Korea, Thailand, Vietnam
Posted in ASEAN Business, China Business, Indonesia Business, Malaysia Business, News, Thailand Business | No Comments »

It recently came to this blogger’s attention that the American Secretary of Defense recently commented upon the apparent tensions arising between Tokyo and Beijing over island claims increasingly disputed between China and Japan. In order to provide further insight into these developments it is necessary to quote directly from the official website of The Japan Times, JapanTimes.co.jp:

Visiting U.S. Defense Secretary Leon Panetta on Monday urged Japan and China to peacefully resolve the intensifying territorial dispute over the Senkaku Islands, expressing concern the diplomatic row could result in a military clash over uninhabited islets in the East China Sea. ”It is extremely important that diplomatic means on both sides be used” to avoid further escalation, Panetta said… [H]e also repeated that the United States will “stand by treaty obligation” with Tokyo, which includes defending Japanese soil, based on the Japan-U.S. security treaty…The Japan-U.S. security treaty obliges the U.S. to defend Japan if an area under Japanese administration is attacked by another country. But observers say if a remote island is attacked, it would likely be up to Japan to respond first, not the U.S. military…

Readers are encouraged to visit the hyperlinks noted above to read this story in detail.

It might seem unlikely that this situation could evolve into major confrontation, there are signs that tensions between Japan and China could get worse if some sort of solution is not found. This information comes as anti-Japanese protests in China spread and claims to certain Southeast Asian islands by members of the Association of Southeast Asian Nations (ASEAN) are voiced. Hopefully, this situation will be resolved peacefully and to the benefit of all concerned.

Meanwhile, it would appear that the Malaysian and Singaporean stock exchanges are set to link up in an effort to provide more trading opportunities and capabilities on each of those respective platforms. To shed further light upon these developments it is necessary to quote from the official website of Live Trading News, LiveTradingNews.com:

The Malaysian and Singaporean stock exchanges are seeking to attract individual investors and boost volumes by offering cross-border trading, the 1st step in creating a Southeast Asian platform. Singapore Exchange Ltd. (SGX) and Bursa Malaysia Bhd. (BURSA) start offering the services Tuesday…

Readers are again asked to click upon the hyperlinks noted above to read this article in detail.

These developments could result in future interest in Southeast Asian Securities from investors abroad. Concurrently, it would appear that Thailand’s stock exchange is prepared to provide more integrated services for ASEAN investors, to quote further from the aforementioned article:

[T]he Stock Exchange of Thailand is set to join the link-up between the Association of Southeast Asian Nations members next month…The trading platform is part of a push by Asean Exchanges to boost regional capital markets and lure more investors to exchanges whose companies had a combined market value of $1.98-T at the end of March, according to the group’s website…

Although the results of these efforts remain to be seen, there is good reason to speculate that these developments could lead to further investment in Southeast Asia both by domestic investors as well as investors from outside the region.

Tags: American Secretary of Defense, ASEAN, ASEAN Exchanges, ASsociation of Southeast ASian Nations, Beijing, BURSA, Bursa Malaysia Bhd., China, East China Sea, Japan, Japan-U.S. security treaty, Malaysian Stock Exchange, SET, SGX, Singapore Exchange Ltd., Singapore Stock Exchange, Southeast Asia, Stock Exchange of Thailand, Tokyo, U.S. Defense Secretary
Posted in ASEAN Business, China Business, Malaysia Business, Thailand Business, Thailand company, US Embassy China, US Embassy Japan | No Comments »

It is interesting to note that apparently Mainland China and Taiwan have signed an agreement streamlining currency and banking transactions occurring between these two jurisdictions, to provide further insight it is necessary to quote directly from the Channel News Asia website, ChannelNewsAsia.com:

TAIPEI: Taiwan and China on Friday signed a deal paving the way for Taiwanese banks to take Chinese yuan deposits and make yuan loans, in the latest agreement to boost trade between the former arch-rivals. The memorandum of understanding outlines the new arrangement, known as direct yuan clearing, which is expected to come into force in 60 days, Taiwan’s central bank said…The deal will also allow Taiwanese companies to issue yuan bonds and sell yuan-denominated investment products on the island, Taiwan’s central bank said…

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

It will be interesting to see whether the promulgation of the provisions of the Memorandum of Understanding noted above will effect the the economies of these two jurisdictions as it could be argued that these changes will foster greater synergy between these two markets which are both very strong in their own right.  This information is noted at the same time that there is speculation that the countries comprising the Association of Southeast Asian Nations (ASEAN) may be the destination for future growth and investment. To quote from the website of the Vancouver Sun, VancouverSun.com

A growing number of U.S. companies plan to shift some operations from China to Southeast Asia in the next two years…a survey by the American Chamber of Commerce in Singapore showed…According to AmCham Singapore, 92 percent of the executives surveyed said they were positive about investment opportunities in the Association of Southeast Asian Nations, or ASEAN – a regional grouping that comprises Indonesia, Thailand, Malaysia, Singapore, Vietnam, the Philippines, Myanmar, Cambodia, Laos and Brunei. ”ASEAN is not only a vital U.S. trade and investment partner, it is a bright spot in the global economy,” said AmCham Vice President Tami Overby.

Please click upon the hyperlinks noted above to read this article in detail.

Clearly it remains to be seen whether resources, financial or otherwise, will be shifted away from China in favor of ASEAN. In fact, it could be argued that there may simply be growing investment and positive economic activity in the region as a whole which would benefit both regions. In any case, notwithstanding a rather stagnant global economic environment, China and the Nations comprising ASEAN would seem clearly poised for growth in the future.

Tags: ASEAN Business, Asia Business, ASsociation of Southeast ASian Nations, Brunei, Cambodia, direct yuan clearing, Indonesia, Laos, Malaysia, Myanmar, Singapore, Taiwan-China Trade, Thailand, the Philippines, Vietnam
Posted in American Business, American Institute Taiwan, ASEAN Business, Cambodia Business, China Business, Laos Business, Malaysia Business, Myanmar (Burma) Business, Thailand Business, US Business, Vietnam Business | No Comments »

In previous postings on this web log the issue of a single travel document for use throughout the Association of Southeast Asian Nations (ASEAN) has been discussed. ASEAN includes many of the nations which comprise Southeast Asia including: Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, Malaysia, and Vietnam. At the present time, it is not possible to obtain a visa or travel document which would allow entry into all of these nations as travelers must obtain a visa for each individual country before traveling thereto (in some cases, visas on arrival or visa exemptions may be obtained depending upon the local immigration rules and the passport holder’s nationality). Many travelers find that this situation can make traveling in Southeast Asia rather difficult as obtaining multiple visas from multiple Embassies and/or Consulates can be a time consuming endeavor. In an effort to remedy this situation, many of the ASEAN nations have voiced support for a single ASEAN visa scheme. However, efforts to implement a single ASEAN visa program have yet to bear fruit. Recently, it came to this blogger’s attention that the Vice-President of Indonesia has made comments in support of further efforts to facilitate a single ASEAN visa program. In order to provide further insight into these developments it is necessary to quote directly from a January 13th article posted on the website Philstar.com:

JAKARTA (Xinhua) – Indonesian Vice President Boediono asks the ASEAN to speed up implementation of a joint visa for the region in order to boost the number of foreign tourist arrivals and services in the industry in the region amid the global economic crisis threat, a statement from the vice presidential office said here on Friday…”The goal that we want to reach is not only the increasing number of tourist but also the improved quality of services and the sustainability of the visits,” Boediono said…ASEAN leaders had given commitment for the implementation of the facility during the 11th ASEAN Summit in Bali in Nov. 2011.

Readers are asked to click upon the hyperlink noted above to read this article in full.

There is little doubt that a single ASEAN visa scheme would provide benefits to ASEAN members in the form of increased tourism especially for destinations that are sometimes overlooked by travelers put off by the prospect of processing more than one visa application. One could also speculate that a single ASEAN visa would be beneficial to business travelers wishing to visit more than one ASEAN jurisdiction.

Currently, it does not appear as though a single ASEAN visa scheme will be implemented in the near future, but there is room to hope that progress will be made as it appears there are many officials in the region who support the notion of a single ASEAN visa, at least conceptually. Meanwhile, issues associated with visa procurement in Southeast Asia are evolving. To shed further light upon recent developments it is necessary to quote directly from the website Eturbonews.com:

For now, non-ASEAN travelers have to play with different rules for almost each country…Myanmar just announced at the end of last month to implement e-visa facilities and relax entry into the country.

In an interview conducted by the Myanmar Times newspaper, Union Minister U Tint San declared on February 1 that the government will try to introduce an e-visa system from March that would allow international visitors to apply from anywhere via the Internet before visiting Myanmar. In parallel, the e-visa would allow travelers to enter or exit from any border crossing point. The web address for the proposed e-visa site is www.myanmarevisa.gov.mm . At ATF, Phyoe Wai Yarzar, Secretary of the newly-formed Myanmar Tourist Board, explained that e-visa facilities would, in fact, be the most efficient way for the government to balance the absence of diplomatic representations.

They are also rumors that Vietnam would work on a e-visa solution. There is already the possibility of getting a pre- E-visa clearance in certain cases. But the procedure remains expensive and on a case-by-case basis. Officials from the Vietnam National Administration of Tourism admitted during the ATF that lengthy visa formalities are certainly a major handicap to the development of tourism. Nothing official has been announced so far, but it seems that the government seems to realize that it has to change the way visa is provided if Vietnam does not want to lose out tourists to other destinations.

The administration of this web log encourages readers to visit the hyperlink noted above to read this article in detail.

In the past, the process for obtaining a visa to enter Myanmar (Burma) could be quite cumbersome. It has been this blogger’s relatively recent experience that obtaining a Myanmar visa is somewhat time consuming, but not particularly difficult compared to visa procurement for other nations in the region. Hopefully, the developments mentioned above will lead to further streamlining of visa processing for those wishing to enter countries such as Vietnam and Myanmar (Burma).

Although it remains to be seen when a single ASEAN visa scheme will be fully implemented ASEAN members appear committed to such an endeavor which will likely provide benefits for all concerned.

For related information please see: Thailand visa

Tags: ASEAN, ASEAN tourist visa, ASEAN Visa, ASsociation of Southeast ASian Nations, Brunei Darussalam, Burma Visa, Cambodia, E-Visa, Indonesia, Laos, Malaysia, Myanmar, Myanmar e-visa, Myanmar Visa, Philippines, Singapore, single ASEAN visa, Thailand, Thailand Visa, tourism, Tourist Visa, Vice-President of Indonesia, Vietnam, Vietnam e-visa, Vietnam visa
Posted in ASEAN Business, ASEAN Visa, Myanmar (Burma) Business, Vietnam Business | No Comments »

It recently came to this blogger’s attention that Apple Inc. and the Korean firm Samsung are apparently working in cooperation in order to fashion the next generation of PC tablets. In order to provide further insight it is necessary to quote directly from The Korea Herald via the Asia News Network:

Apple Inc’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said…Tim Cook is not only the COO, but also acting CEO of Apple. During Cook’s trip last week, Apple seems to have offered Samsung an advance for the AMOLED displays, the source said…

It is recommended by the administration of this blog that readers click upon the hyperlinks noted above to read this article in further detail.

As technology continues to be a defining component of a more dynamic global economy there is hope that cooperation between American and Asian technology firms will result in further technological as well as economic advances. Concurrently, such cooperation is likely to also manifest itself in the form of better computing platforms for the general public.

It is interesting to note that while Northern Asia, especially Northeastern Asia has seen industrial advances the Southeast Asian region continues to show growth in the agricultural sector. This has arguably been the case in the Kingdom of Thailand for quite some time. However, there seems to be evidence to indicate that agricultural growth is expanding into the neighboring countries, such as Cambodia, which also happen to be members of the Association of Southeast Asian Nations (ASEAN). Most notably, it would appear that a company in the Kingdom of Thailand is poised to undertake a new venture in the Kingdom of Cambodia with the aim of increasing rice production therein. For further elucidation this blogger must quote directly from the official website of The Bangkok Post:

Asia Golden Rice Co, Thailand’s second-largest rice exporter, has mapped out a 1.5-billion-baht rice investment in Cambodia in a bid to expand regionally…The plan includes modern, fully equipped milling and processing plants with a capacity to process up to one million tonnes of rice per year, and is considered a milestone investment in rice industry of Cambodia, the world’s sixth largest rice exporter…

It is once again recommended that readers click upon the hyperlinks noted above to read further on these developments in detail.

The overall ramifications of this plan remain to be seen. That stated, there is certainly room for speculation that a venture such as the one described above could have positive benefits for ASEAN as well as Asia as a whole. Since many countries around the globe import rice from Southeast Asia one could surmise that increased production could drive down the cost of rice internationally and thereby benefit rice consumers around the world.

For related information please see: ASEAN.

Tags: American Business, ASEAN, ASEAN Business, ASsociation of Southeast ASian Nations, Cambodia Business, Korea Business, Thai Business, Thailand Business
Posted in American Business, ASEAN Business, Cambodia Business, News, Thailand Business, Thailand company, US Business, US Mission ASEAN | No Comments »

It recently came to this blogger’s attention that the President of Taiwan has won his recent bid for re-election. In order to shed further light upon these developments it is necessary to quote directly from the website of Asia News Network:

Taiwan President Ma Ying-jeou yesterday defeated rivals Tsai Ing-wen and James Soong sweeping more than 51 per cent of the presidential vote. The incumbent garnered more than 6.68 million votes to win another four year term after a re-election campaign that relied heavily on its China-friendly platform.

This blogger recommends that readers click upon the hyperlinks noted above in order to gain further insight into these developments.

It is often unwise to try to analyze the politics of Taiwan especially when comparing that jurisdiction to China. However, both Taiwan and China are very important players in an increasingly expanding and broad Asian economic landscape. Therefore, to ignore either jurisdiction may be unwise.

Concurrently, it would appear as though the Mainland Chinese economy is experiencing a slowdown of sorts. To quote directly from an article posted on the website of the Thai-ASEAN News Network:

Export growth slowed to 13.4% in December compared with a year earlier, down from 13.8% the previous month, while Chinese imports grew only 11.8% over December 2010, well below the 17% consensus prediction in a Reuters survey of economists…Fourth-quarter 2011 data for gross domestic product (GDP), to be published next week, are now expected to the worst for at least two years. Economic growth may have slowed to 8.7% from a year earlier, according a survey by Bloomberg News, which reports that UBS AG estimates 7.7% growth this quarter…

Readers are strongly encouraged to read this article in detail for further information.

Although it is difficult to say for certain whether any of these forecasts will actually result in an overall slowdown of the Chinese economy this blogger merely finds it interesting to peruse Chinese trends, both political and economic, because such trends can have an impact upon the Southeast Asian region. The Association of Southeast Asian Nations (ASEAN) is becoming an increasing potent economic conglomeration especially since it encompasses dynamic economies such as the Kingdom of Thailand, Singapore, Malaysia, and Vietnam along with emerging economies such as Myanmar, Laos, and Cambodia. The “ripple effect” of the different Asian economic strategies can often lead to unforeseen consequences across the pan-Asia spectrum. In any event, simple speculation is sometimes an interesting pastime for both outsiders as well as those well versed in the multifaceted nature of Asian economics.

For information regarding legal matters in Southeast Asia please see: Legal.

Tags: ASEAN, ASEAN Economics, ASEAN economies, Asian Economy, China Business, China economics, China Economy, Chinese economics, Kingdom of Cambodia, Kingdom of Thailand, Pan-Asian Economics, Taiwan election, Taiwan Presidential Election
Posted in ASEAN Business, China Business | No Comments »

It recently came to this blogger’s attention that new attention is apparently being directed toward the positive aspects of backpacking in Southeast Asia. In order to shed further light upon these developments it is necessary to quote directly from an article posted on the official website of the Sydney Morning Herald:

Every now and then on the Laos hippy trail you spy a traveller wearing a T-shirt that reads “Been There Don Det”. Most people think it is yet another pun based on the ‘hilarities’ of the language barrier (see “Same Same But Different”) but actually it’s an inside joke for those who had ventured far enough south to visit a small island hidden in the mist of the Mekong River. South of the capital Vientiane, the Mekong breaks its banks creating an anarchic sprawl of islands called Si Phan Don, which translates to “4000 Islands”.

The administration of the web log recommends that these readers click on the relevant hyperlinks noted above to read this truly insightful article in further detail.

On a related note, it also came to this blogger’s attention that the Association of Southeast Asian Nations (ASEAN) appear to have signed a memorandum of understanding with India in an effort to boost tourism in the Southern Asia region. For further elucidation it is necessary to quote directly from The Jakarta Post via the Asia News Network:

Members of the Association of Southeast Asian Nations (Asean) and India have agreed to promote cooperation in tourism to help boost travel between the subcontinent and the Southeast Asian region. A memorandum of understanding (MoU) on tourism cooperation was signed by Aseantourism ministers and their counterpart during Asean Tourism Forum in Manado, North Sulawesi, on Thursday…

Again, the administration of this blog recommends that readers click on the hyperlinks noted above to gain full insight into this developing story.

Tourism seems to have been a traditional source of revenue in the for both the Kingdom of Thailand and the Greater ASEAN region. Hopefully the signing of the memorandum noted above will provide economic benefits for both the ASEAN region as well as the Indian Sub-Continent. That stated, with the increasing velocity of economic expansion in Asia as a whole there is strong evidence to suggest that tourism may prove to be simply a gateway to further economic integration between all of the global economies. How these trends will play out in the future remains to be seen. However, the benefits of tourism could arguably be a true “win-win” situation for both the tourist as well as the host nation. ASEAN itself is a prime example of how tourism and increasing levels of tourists can lead to more robust levels of economic activity as a whole.

For further information regarding legal issues in Southeast Asia please see: Legal.

For more general insights regarding visa issues in Thailand please see: Thai Visa.

Tags: ASEAN region, ASEAN Tourism, Asian Tourism, ASsociation of Southeast ASian Nations, Association of Southeast Asian Nations Tourism, India, Indian Sub-Continent, Indian Tourism, Kingdom of Thailand, Memorandum of Understanding, MoU, Thai Visa, Thailand Visa
Posted in ASEAN Business, ASEAN Visa, Cambodia Business, India Business, Indonesia Business, Laos Business, Malaysia Business, Myanmar (Burma) Business, Thailand Business, Thailand Visa, Vietnam Business | No Comments »