Connect with us
Wise usd campaign
ADVERTISEMENT

Asean

Is ASEAN’s Success Really China’s Setback? A Closer Look

Published

on

Recent fDi Markets data reveals that manufacturing foreign direct investment in ASEAN has surpassed that of China, marking a significant shift in investment trends in the region.


Manufacturing FDI Trends

Recent data from fDi Markets reveals a significant shift in foreign direct investment (FDI) trends in the manufacturing sector. The latest figures indicate that manufacturing FDI into ASEAN nations has now surpassed that flowing into China. This shift marks a pivotal moment in the global investment landscape, highlighting the increasing attractiveness of Southeast Asia as a manufacturing hub.

ASEAN’s Growing Appeal

Several factors contribute to ASEAN’s rising appeal for manufacturers. With competitive labor costs, favorable trade agreements, and a growing consumer market, ASEAN countries offer an attractive alternative to traditional markets. Companies are increasingly recognizing the potential for growth and diversification in this region.

Implications for Global Markets

This trend in manufacturing FDI signals a transformative change in global supply chains. As businesses capitalize on the opportunities in ASEAN, it may lead to a rethinking of established economic relationships and strategies. The shift away from China could have lasting implications for both regions’ economies and international trade dynamics.

Source : Asean’s gain is China’s loss? Look again

Continue Reading

Asean

Deadly Floods and Landslides Strike Indonesia and Thailand – Vietnam Plus

Published

on

At least seven people were killed, two others were injured and some were likely to be missing after flash floods and landslides hit the Indonesian eastern province of Maluku on the morning of August 25, according to the locality’s disaster management and mitigation office.

Heavy rainfall, which began on August 24, has triggered the disasters in Ternate city. Many local residents are in urgent need of support, authorities said.

Soldiers, police, local search and rescue personnel, disaster management staff, and volunteers are all involved in the ongoing rescue efforts, which include evacuating those trapped by the landslides and recovering materials from homes swept away by the floods.

Meanwhile in Thailand, local authorities reported that the death toll from a landslide in the popular resort province of Phuket on August 23 has risen to 13, including a Russian couple.


Source : Floods, landslides kill many in Indonesia, Thailand – Vietnam Plus

Continue Reading

Asean

Tug of War in Southeast Asia: Can ASEAN-China Dialogue Shift the Scales Toward Peace? – An Analysis

Published

on

The ASEAN-China dialogue is vital for regional stability, addressing economic cooperation and security challenges, particularly in the South China Sea, amidst significant geopolitical complexities and ongoing territorial disputes.


ASEAN-China Dialogue: A Path Towards Cooperation

The ASEAN-China dialogue plays a pivotal role in Southeast Asia’s diplomacy, fostering economic collaboration while addressing security challenges. Despite advances, particularly in managing tensions in the South China Sea, significant barriers remain to achieving lasting peace and stability in the region. ASEAN’s capacity to maintain its unity and centrality is crucial amidst complex power dynamics involving China and other global players.

Navigating Tensions and Economic Relations

A pressing concern within this dialogue is the South China Sea territorial disputes, which involve multiple ASEAN states and China. The militarization of the area raises alarm among regional stakeholders, necessitating urgent negotiations for a Code of Conduct (COC) to manage conflicts. Additionally, the growing economic interdependence fostered by initiatives like the Regional Comprehensive Economic Partnership (RCEP) strengthens ASEAN-China ties, yet it also raises concerns about potential political leverage influencing member states’ autonomy.

The Challenge of Regional Stability

While the ASEAN-China dialogue offers a framework for promoting peace, its effectiveness is conditioned by broader geopolitical contexts, including China’s rivalry with the United States. The success of this dialogue rests on sustaining a commitment to multilateralism and peaceful dispute resolution. As ASEAN adapts to these complex dynamics, it must reinforce its unity and cooperative strategies, ensuring the region’s stability amid evolving challenges.

Source : Tug Of War In Southeast Asia: Will ASEAN-China Dialogue Tip The Balance Towards Peace? – Analysis

Continue Reading

Asean

Cambodia Invites Business Leaders to Join the 21st China-ASEAN Expo in Nanning

Published

on

Cambodia invites businesspeople to the 21st China-ASEAN Expo in Nanning, promoting trade and investment with incentives like hotel coupons and networking opportunities in various sectors.


Cambodia Invites Participation in CAEXPO 2024

Cambodia is actively encouraging business leaders, investors, and service providers to participate in the upcoming 21st China-ASEAN Expo (CAEXPO), set to take place from September 24-28 in Nanning, China. According to a Ministry of Commerce announcement, CAEXPO serves as a vital platform for trade and investment collaborations between ASEAN nations and China.

To facilitate Cambodian participation, the Ministry invites interested individuals to apply as Trade Visitors by August 31, 2024. Participants will benefit from hotel coupons, dining vouchers, and shuttle services to the expo venue. Furthermore, attendees can engage in business matchmaking in sectors such as food processing, digital technology, and renewable energy products.

Kin Phea, from the Royal Academy of Cambodia, emphasized the advancements in China-ASEAN relations, particularly concerning economic cooperation, tourism, and cultural exchanges. He noted that both sides have become each other’s largest trading partners, enhancing collaboration through the Belt and Road initiative, focusing on infrastructure and sustainable development.

Source : Cambodia encourages businesspeople to partake in 21st China-ASEAN Expo in Nanning

Continue Reading