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It recently came to this blogger’s attention that it appears Malaysia (a member nation of the Association of Southeast Asian Nations, ASEAN) will not be hosting other ASEAN nations at the Langkawi International Dialogue (LID). To provide further insight it may be best to quote directly from an article written by M. Saraswathi and posted on the website Bernama.com:

KUALA LUMPUR, June 19 (Bernama) — There are no plans to include Asean nations in the Langkawi International Dialogue (LID) as it will be too big to manage, Prime Minister Datuk Seri Najib Tun Razak said today. Malaysia would maintain the present dialogue format between the African and Caribbean countries, he said. “No. We don’t want too many countries to be involved. We will maintain the present format of African and Caribbean countries,” he said when asked if Malaysia intends to include Asean countries in LID at a press conference here today. This year’s dialogue is being attended by African leaders such as Zimbabwe’s President Robert Mugabe, Prime Minister Pakalitha Bethuel Mosisili of Lesotho, Swaziland Prime Minister Barnabas Sibusiso, Ugandan Vice-President Edward Sekandi and Kenyan Vice-President Stephen Kalonzo…

The administration of this web log strongly encourages readers to click upon the appropriate hyperlinks noted above to learn more from this insightful article.

In this blogger’s opinion, one of the positive aspects of the ASEAN community, for the membership, is a sort of general flexibility. It could be inferred from the quotation above that Malaysia has a strong trade relationship with certain countries in Africa and the Caribbean. Such relationships make the Malaysian economy rather unique compared to her other counterparts in the ASEAN community. This uniqueness would seem to create various levels of comparative advantage for the Malaysian economy. Concurrently, the other jurisdictions of ASEAN (Brunei Darussalam, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam) are able to receive a kind of refractive benefit from Malaysia’s strong trade relations in Africa and the Caribbean since ASEAN nations are able to streamline their direct trading with Malaysia herself. How ASEAN will evolve in the future remains to be seen, but it is clear that ASEAN is quite unique amongst the various regional organizations around the globe. Hopefully, this uniqueness will result in tangible benefits for the citizenry of the various ASEAN countries and for ASEAN’s trading partners as well.

On a related note, China was in the news recently as it is being reported that China is expanding her foreign reserves into non-dollar denominated assets. To shed further light upon these developments it may be best to quote directly from an article written by Jamil Anderlini and Tracy Alloway and posted to the Financial Times website, FT.com:

China began diversifying away from the US dollar in earnest in the first four months of this year, most likely by buying far more European government debt than US dollar assets, according to estimates from Standard Chartered Bank. China’s foreign exchange reserves expanded by around $200bn in the first four months of the year, with three-quarters of the new inflow invested abroad in non-US dollar assets, the bank estimated. “It certainly appears that China’s finally following through on its policy to diversify its foreign reserve holdings away from the US dollar,” said Stephen Green, the bank’s chief China economist.

This blogger asks readers to click upon the relevant hyperlinks above to find out further details. Frequent readers of this web log may recall that the United States and China are apparently cooperating with regard to ASEAN engagement, but this news came amidst announcements that China had divested rather sizable holdings in US Treasuries. As China continues to show further economic dominance on the global stage it will likely prove interesting to see how this nation invests her financial resources. Hopefully as China and ASEAN continue their economic growth it will accrue to the benefit of all concerned.

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Tags: Africa, ASEAN, ASEAN news, ASsociation of Southeast ASian Nations, Association of Southeast Asian Nations News, Brunei Darussalam, Brunei Darussalam News, Burma, Burma News, Cambodia, Cambodia news, Caribbean, China, China News, Indonesia, Indonesia News, Kenyan Vice-President Stephen Kalonzo, Langkawi International Dialogue, Laos, Laos news, LID, Malaysia, Malaysia News, Myanmar, Myanmar News, non-US dollar assets, Philippines, Philippines News, Prime Minister Datuk Seri Najib Tun Razak, Prime Minister Pakalitha Bethuel Mosisili of Lesotho, Singapore, Singapore News, Standard Chartered Bank, Swaziland Prime Minister Barnabas Sibusiso, Thailand, Thailand News, Ugandan Vice-President Edward Sekandi, US Treasuries, Vietnam, Vietnam News, Zimbabwe President Robert Mugabe
Posted in ASEAN Business, Cambodia Business, China Business, Laos Business, Malaysia Business, Myanmar (Burma) Business, Thailand Business | No Comments »

It recently came to this blogger’s attention that the value of trade between China and the Association of Southeast Asian Nations (ASEAN) is expected to increase significantly in the coming months and years. In order to provide further insight into this issue it may be best to quote directly from a recent article posted on the website English.cri.cn:

Trade value between China and ASEAN nations is expected to top 300 billion U.S. dollars this year as the Free Trade Area (FTA) continues to offer boosts, said Xu Ningning, the executive secretary general of China-ASEAN Business Council. The FTA, which started operation since the beginning of last year, has boosted economic exchanges between China and the ASEAN (Association of Southeast Asian Nations) member states, Xu said Sunday at a forum in Kunming, capital of Yunnan Province. The estimated amount will be higher than the 292.8 billion U.S. dollars registered between the two sides in 2010, up 37.5 percent from a year earlier. Customs data showed that in the first four months of this year, trade value between China and ASEAN nations rose 26.5 percent year-on-year to 110.2 billion U.S. dollars…

The administration of this web log strongly encourages readers to click upon the relevant hyperlinks noted above to learn more.

The ASEAN community includes the following jurisdictions: Brunei, Indonesia, Malaysia, Philippines, Singapore, the Kingdom of Thailand, Vietnam, Laos, and the Kingdom of Cambodia. Many feel that these jurisdictions have a great deal of potential for economic growth in the future. Meanwhile, as can be gathered from the quotation above, China remains a vibrant economic actor which has been engaging the ASEAN economies. In previous postings on this blog it was noted that the United States of America and China are committed to cooperation in ASEAN engagement. Concurrently, China appears poised to create a rail link between Thailand and Greater China while a billion dollar Chinese trade complex is to be erected in Bangkok. In that vein, the Prime Minister of Malaysia was recently noted for discussing ASEAN relations with both China and India. To quote directly from the official website of Business Standard, Business-Standard.com:

After a speech calling for the establishment of a new multilateralism where nations, especially Asia, would not have to take sides between the United States and China, Malaysian Prime Minister Najib Razak has said the 10-member Association of Southeast Asian Nations (Asean) would not need to choose between India and China. “Asean is located between two great civilisations, China and India. Both these countries, as part of the Asean architecture, the Asean +3 and the East Asia Summit, are quite happy to accept Asean as the centrality in the whole process,” Najib said in reply to a question at the opening of the International Institute for Strategic Studies Asian Security Summit: The Shangri La Dialogue. “Both these two countries want to engage constructively with Asean and (are) looking at ways and means of increasing their trade, investment and other forms of exchanges with the Asean countries. In short, I am quite optimistic we can develop a meaningful and constructive relationship with India and China,” he added…

In a geopolitical sense, the Association of Southeast Asian Nations (ASEAN) is positioned so as to enjoy trade benefits with both India and China, two of the world’s economies which are expected to show tremendous economic growth in the coming days, months, and years. This observation is made at a time when an inauguration of the Cambodian Securities Exchange is expected. To quote directly from the official website of Xinhua, Xinhuanet.com:

PHNOM PENH, May 30 (Xinhua) — Cambodia is scheduled to inaugurate the long-awaited Cambodia Securities Exchange (CSX) on July 11, according to the statement of the finance ministry released to the media on Monday. And the first securities trading will begin towards the end of 2011, added the statement dated on May 26…

The administration of this web log strongly encourages readers to click upon the hyperlinks above to read this article in detail. This blogger must point out that, although noted in the aforementioned article, it would seem that actual trading on the Cambodian Stock Exchange is apparently not expected to commence upon the exchange’s inauguration. To further elucidate this point it may be best  to quote directly from the official website of the Reuters News Service, Reuters.com:

May 30 (Reuters) – Trading on Cambodia’s long-awaited stock exchange, which was scheduled to start in July, has been delayed yet again until the end of the year because companies planning listings need more time to comply with regulations, operators said on Monday. Ek Sonn Chan, director general of state-owned Phnom Penh Water Supply Authority (PPWSA), said there were many details still to be ironed out but his company was going ahead with plans for a $20 million flotation…

The administration of this web log asks readers to click upon the hyperlinks above to read this story in further detail as it may provide further perspective upon these developments.

Clearly, there appear to be some bumps in the road toward getting this exchange operational. As with many things in Southeast Asia, it often takes a significant amount of time to undertake a substantial project such as the opening of a stock exchange. Interested parties are encouraged to conduct research into this issue until such time as the exchange’s trading operation is confirmed.

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Tags: 300 billion U.S. dollars, ASEAN, Asean +3, ASsociation of Southeast ASian Nations, Brunei, Cambodia, Cambodian Securities Exchange, Cambodian stock exchange, Cambodian Stock Exchange inauguration, China-ASEAN, China-ASEAN Business Council, Chinese Trade Complex, Chinese-Thai High Speed Rail, CSX, East Asia Summit, Ek Sonn Chan, Free Trade Area, FTA, high speed rail link, Indonesia, International Institute for Strategic Studies Asian Security Summit, Khmer, Kingdom of Cambodia, Kingdom of Thailand, Kunming, Laos, Malaysia, Malaysian Prime Minister Najib Razak, multilateralism, Philippines, Phnom Penh Water Supply Authority, PPWSA, rail link, railroad, Singapore, Sino-Thai Railway, Thai, Thailand, The Shangri La Dialogue, Vietnam, Xu Ningning, Yunnan Province
Posted in ASEAN Business, Cambodia Business, China Business, India Business, Malaysia Business, Thailand Business | No Comments »

It recently came to this blogger’s attention that the Premier of China has expressed interest in expanded trade relations with the economies comprising the Association of Southeast Asian Nations (ASEAN). To quote directly from the official website of the China Post, ChinaPost.com.tw:

JAKARTA — Chinese Premier Wen Jiabao said Saturday Beijing wants to boost cooperation in trade and security with the 10-member Association of Southeast Asian Nations (ASEAN).

In a policy speech on the last day of a three-day visit to Indonesia, the current chair of ASEAN and its biggest member, Wen extolled the virtues of an ASEAN-China free trade agreement (FTA) that came into effect in January.

It should be noted that the trade between the jurisdictions comprising the Association of Southeast Asian Nations (ASEAN) and China is not negligible. As the economy of China has shown tremendous growth in recent years, so too have many of the ASEAN nations. It is interesting that as both regions grow, they seem to create a mutually beneficial feedback loop in terms of trade and business. To quote further from the aforementioned article in the China Post:

“Last year, China became ASEAN’s biggest trading partner. We launched the largest FTA among developing countries and we have set the target of US$500 billion in two-way trade by 2015,” he said.

The administration of this web log highly recommends that readers click upon the above hyperlinks to learn more on this story and the issues associated therewith. It would appear as though the current trading relationship between ASEAN and China is highly beneficial to many of the economies concerned.

Meanwhile, of possibly more pressing interest to some, it would appear as though the United States Embassy in India is taking some precautionary measures in the aftermath of the recent announcement that notorious terrorist Osama bin Laden is deceased. To quote directly from the official website of the Times of India:

NEW DELHI: Immediately after the United States informed India on Monday about the killing of al-Qaida chief Osama bin Laden by American forces in Pakistan, security was tightened around the US Embassy in New Delhi and consulates in Mumbai, Kolkata, Chennai, Hyderabad and Bangalore.

“Besides asking Delhi Police to enhance its deployment around the US embassy here, the home ministry issued advisories asking states having US consulates to strengthen the security of these places”, said a senior home ministry official.

The administration of this blog again strongly recommends that readers click upon the hyperlinks above to read the above story in detail. Frequent readers of this web log may take note of the fact that the United States maintains the American Corner Bangalore.

Clearly authorities are taking precautions in reaction to recently announced events. It is likely that further information will come to light regarding all of these subjects in the coming weeks, months, and years. Hopefully, all of these precautions will prove unnecessary, but this remains, as of yet, to be seen.

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Tags: American Corner Bangalore, ASEAN, ASEAN-China free trade agreement, ASsociation of Southeast ASian Nations, Business in ASEAN, business in China, China, China Post, Chinese Premier Wen Jiabao, FTA, Indonesia, Osama bin Laden, Times of India, US Consulate Chennai, US Consulate Hyderabad, US Consulate Kolkata, US Consulate Mumbai, US Embassy India, US Embassy New Dehli
Posted in ASEAN Business, US Consulate Chennai, US Consulate Hyderabad, US Consulate Kolkata, US Consulate Mumbai, US Embassy New Dehli | No Comments »

This blogger recently read a rather interesting piece about the future of the Association of Southeast Asian Nations (ASEAN). It is becoming increasingly clear that ASEAN will continue to play a key role in the regional politics of Southeast Asia notwithstanding the seemingly ever present role of domestic politics and bi-lateral relationships in all international contexts. To quote directly from a concisely written article by Amitav Acharya, American University, Washington and posted on the website EastAsiaForum.org:

ASEAN’s irrelevance or even death has been predicted several times before. At its birth in 1967, few people thought it would live to see another decade, given that the two previous attempts at regional cooperation in Southeast Asia — the Association of Southeast Asia and the MAPHILINDO (Malaysia, Philippines and Indonesia) concept — ended within a few years after their creation. The Malaysia-Philippines dispute over Sabah in 1969, the aftermath of the US withdrawal from Indochina in 1975, the Vietnamese invasion of Cambodia in 1979, the end of the Cold War in 1991 and the outbreak of the Asian financial crisis in 1997, have all been seen as critical blows to ASEAN. But ASEAN not only survived, it actually grew a bit stronger each time. So there is precedent, and hope, that ASEAN will be around in 2030.

But surviving is not the same as thriving. In 2030, ASEAN might keep plodding on, but will it still be a key player in regional peace, stability and prosperity in Asia? This question is more difficult to answer.

Clearly, the Association of Southeast Asian Nations (ASEAN) has been a steadfast regional organization and seems likely to remain one in the future. It would appear from implications in the above quotation as if there are those who believe that dynamism must be maintained by ASEAN in the future in order to ensure continued prosperity. That stated, deftly maintaining coherent regional policies amidst intra-ASEAN tensions also appears to be of concern:

A second question about ASEAN’s future is what the state of intra-ASEAN relations will be. The ongoing skirmishes on the Thai-Cambodian border do not inspire confidence. Simmering rivalries and mistrust continue to cloud relationships between Singapore and Malaysia, Thailand and Burma, and Malaysia and Thailand. But this is a far cry from the 1960s and 1970s, and there is every reason to hope that these intra-ASEAN conflicts will not doom the organisation. They would need, however, to be managed carefully, especially with the help of existing and new mechanisms that ASEAN is currently seeking to develop.

Meanwhile, it would appear as though looking ahead at all regions of the world the prospects for some nations are not nearly as upbeat as those of ASEAN. It would appear as though tensions are arising in the countries of Saudi Arabia and Iran to the point that some commentators in the United States and on the World Wide Web are dubbing the situation a “New Cold War”.  To quote directly from an article written by Bill Spindle and Margaret Coker and posted on the Wall Street Journal‘s official website WSJ.com:

For all the attention the Mideast protests have received, their most notable impact on the region thus far hasn’t been an upswell of democracy. It has been a dramatic spike in tensions between two geopolitical titans, Iran and Saudi Arabia.

This new Middle East cold war comes complete with its own spy-versus-spy intrigues, disinformation campaigns, shadowy proxy forces, supercharged state rhetoric—and very high stakes.

Those reading this blog are highly encouraged to click on the hyperlinks noted above to read further from what may prove to be an important article. Although the political and economic winds of change tend to move about the global geopolitical landscape incrementally there come times where changes can occur quite rapidly and the unfolding situation in the Middle East would appear to be evolving in unprecedented ways. That stated, if two poles of regional geopolitical power are indeed coalescing, then that would be an issue of interest for all nations throughout the world since such information can have a substantial impact upon trade, economics, and political matters in an international context. Hopefully, the current turbulence will resolve itself toward the maintenance of peace for all concerned, but such a hope may in the end prove to have been optimistic.

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Tags: ASEAN, ASsociation of Southeast ASian Nations, Burma, Cambodia, Cold War, Cold War Iran, Cold War Iran Saudi Arabia, Cold War Saudi Arabia, Geopolitics, Indonesia, intra-ASEAN, Iran, Laos, Malaysia, Middle East cold war, Myanmar, New Cold War, New Cold War Saudi Arabia Iran, Philippines, Saudi Arabia, Singapore, Thailand, Thailand company, US Company Registration, Vietnam
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