Tag Archives: Cambodia

ILN Today Post
January 11, 2018

09 JAN – ASEAN Today – Regional Legal and Business News – December 2017

By Dej-Udom & Associates of Dej-Udom & Associates

Blockchain Technology
A recent report by a global business consulting firm argues that ASEAN will be the top investment destination in the region by 2025, replacing China, and that disruptive trends in the logistics sector will boost ASEAN’s position as a leading business hub. The report states that it expects blockchain to influence ASEAN’s supply chain management the most. A blockchain facilitates secure online transactions and is a continuously growing list of records linked and secured using cryptography. Blockchain use in the ASEAN region will help boost the logistics industry, accelerate trade growth, and support the rapid adoption of digital technology.

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ILN Today Post
December 11, 2017

ASEAN Today – Regional Legal and Business News – November 2017

By Dej-Udom & Associates of Dej-Udom & Associates

ASEAN Investment Report 2017
The ASEAN Secretariat and the United Nations Conference on Trade and Development (UNCTAD) released the “ASEAN Investment Report 2017: Foreign Direct Investment and Economic Zones in ASEAN” at the 31st ASEAN Summit in Manila this month. The report states that even with the drop in global foreign direct investment (FDI) into developing economies, FDI flows into ASEAN in 2016 remained high. However, inflows into ASEAN did decline to US$97 billion in 2016 due to divestment,. This was due to ASEAN companies acquiring foreign assets in their home countries, and repayment of intracompany loans. Intra-ASEAN investment made up 25% of the total FDI inflows, an all-time high.

ASEAN Fintech Network
The ASEAN Fintech Network (AFN) launched this month and will be a platform to promote cross-border collaboration amongst members and help boost the region’s position as a Fintech hub. The AFN’s founding members are non-profit Fintech industry organizations from Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. Fintech is an innovativeon and new technology, and is used to deliver financial services as an alternative to traditional financial methods. ASEAN has great potential for Fintech companies as it has a rapidly growing online population together with low banking penetration.

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ILN Today Post
October 16, 2017

ASEAN Today – Regional Legal and Business News – September 2017

By Dej-Udom & Associates of Dej-Udom & Associates

ASEAN Business Survey
The Australian Chamber of Commerce released its Australian Business in ASEAN Survey 2017. The survey findings show that the top attraction for Australian businesses investing into the region is ASEAN’s growing consumer market, not the economic integration of the ASEAN Economic Community. Corruption is rated the top challenge for Australian companies doing business in ASEAN. Over 60% of the surveyed firms expanded their trade and investment in the region in the past two years and 85% plan to expand their investment in the next five years. Singapore is the favorite spot to operate a regional hub and Vietnam is the most popular market for expansion. Two-way investment between ASEAN and Australia was US$224 billion at the end of 2016.

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ILN Today Post
September 12, 2017

ASEAN Today – Regional Legal and Business News for August 2017

By Dej-Udom & Associates of Dej-Udom & Associates

50 Years of ASEAN
The Association of Southeast Asian Nations (ASEAN) turned 50 this month. In the last half century, the region has become the world’s sixth-largest economy with intra-regional trade totaling US$550 billion in 2015. To date, ASEAN’s greatest economic achievement is tariff reduction. The average percentage of tariff elimination for all ASEAN member countries was 96% in 2016 and is expected to be 98.7% in 2017. However, the growth of non-tariff measures has tripled in the last 15 years. To address the challenges in completing the implementation of the ASEAN Economic Community (AEC), ASEAN will pursue trade liberalization and behind-the-border reforms, policy harmonization, and integration of national single windows for cargo clearance into the ASEAN Single Window.

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ILN Today Post
June 3, 2016

The Dej-Udom & Associates Thailand ASEAN Newsletter for May 2016

By Dej-Udom & Associates of Dej-Udom & Associates

New UN Report
In its latest Economic and Social Survey for the Asia Pacific, the United Nations (UN) is optimistic about the ASEAN Economic Community (AEC), but warns that the AEC is facing significant challenges at present. The report says that two of the region’s main challenges are the slowdown of exports and the region’s dependence on the Chinese economy. China is the largest export market for Singapore and Thailand, and the export of goods to China from Laos and Vietnam make up 20% of their national output. Other challenges include the differences in the development gaps, income inequality and unemployment, and rising household and corporate private debt.

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ILN Today Post
February 5, 2016

Dej-Udom & Associates Newsletter – January 2016

By Dej-Udom & Associates of Dej-Udom & Associates

ASEAN Economic Community News

ASEAN IMF
The ASEAN+3 Macroeconomic Research Office (AMRO), a Southeast Asian version of the International Monetary Fund, is expected to be upgraded to an official international organization in mid-2016. AMRO was formed by the 10 ASEAN member states together with Japan, China, and South Korea in 2011 as an independent regional surveillance unit to monitor and analyze regional economies and support Chiang Mai Initiative (CMI) decision-making. One of its main tasks will be to issue recommendations to invoke the CMI for members to jointly supply hard currency in the event of a currency crisis.

External Risks Slow Growth
A major global bank believes that external risks will continue to slow economic growth in ASEAN. The bank says that negative growth factors for the region include the commodity price plunge, global demand slowdown, currency fluctuations, poor implementation of investment plans, and restructuring and macro-prudential measures. However, the bank says that GDP growth in the Philippines and Vietnam should remain high in 2016.

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