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Monetary Authority of Singapore and IMF to Host High-Level Seminar |
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Former ASEAN leader indicates single currency some way off |
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Asean Starts Fourth Round Of Services Negotiation |
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Currency Union in Asia Viable |
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Malaysia is back in the market for economic advice |
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East Asia's growth may slow: ADB |
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ASEAN panel to eye mini-constitution |
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Singapore PM for greater ASEAN integration |
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Asean's plumber |
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Myanmar top leader calls for ASEAN community |
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Viet Nam contributes to ASEAN development |
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Asia: the best bet for businesses |
Monetary
Authority of Singapore and IMF to Host High-Level Seminar The Monetary Authority of Singapore (MAS) and the International Monetary Fund (IMF) will jointly host a high-level seminar on Asian regional financial integration in Singapore on Saturday, September 3, 2005. Finance Ministers, Central Banks Governors and senior officials from the Asian region, as well as from the IMF and the Asian Development Bank, will discuss opportunities and challenges of Asian financial integration and ways to enhance regional surveillance and monetary cooperation. Click here to read further : http://www.harolddoan.com/modules.php?name=News&file=article&sid=5483
Former
ASEAN leader indicates single currency some way off Rodolfo Severino, former secretary-general of the Association of Southeast Asian Nations, or ASEAN, speaks about the economic future of the bloc in an interview with Thanh Nien. Click here to read further : http://www2.thanhniennews.com/politics/?catid=1&newsid=8750
Asean
Starts Fourth Round Of Services Negotiations KUALA LUMPUR, Aug 19 (Bernama) -- The Association of South East Asian Nations (Asean) has started the fourth round of negotiations on the services sector with expectations of achieving a "wider and deeper level" of commitment on all aspects of supply. International Trade and Industry Minister Datuk Seri Rafidah Aziz said Asean would accelerate the integration of four services sectors, namely travel, tourism, healthcare and e-Asian, by 2010. "The other services sectors, including professional services, are targeted for liberalisation by 2020 although consideration is being given to advance the timeline to 2015 with flexibility for sensitive sectors," she said before opening the CPA Australia 9th Asian Regional Conference here Friday. click here to read further : http://www.bernama.com.my/bernama/v3/news_business.php?id=151050
Currency
Union in Asia Viable ``(Regional) economic integration sounds much greater than a mere dream,’’ Vice Finance-Economy Minister Kwon Tae-shin said during an international seminar on Asian currency integration held in Seoul Friday. ``If we take the appropriate steps, I think we may be able to form a currency union like the European Union,’’ he added. However, he pointed out that there are several prerequisites before such actions can materialize. Click here to read further : http://times.hankooki.com/lpage/200508/kt2005081919595210160.htm
Malaysia
is back in the market for economic advice Malaysia broke new ground on Tuesday in its drive to become a rich country by 2020, seeking advice from international experts in an about-turn from policies of a decade ago when famously it decided to go it alone. In contrast to the 1990s, when Malaysia rejected outside advice and plotted its own escape from Asia's financial crisis, the country's leader spoke of the need to share ideas in meeting its next challenge: competition from China and India. "When we're talking about competition, we're not just talking about competition within Malaysia but at global levels," Prime Minister Abdullah Ahmad Badawi told reporters after he and cabinet ministers met a panel of 10 business and development experts over two days in the administrative capital of Putrajaya. Click
here to read further :
Record-high oil prices, slower exports and lower growth in regional powerhouses China and Singapore are expected to reduce East Asia's economic growth rate to 6.8 percent this year from 7.6 percent last year, the Asian Development Bank (ADB) said yesterday. GDP growth next year is expected to slow down further, to 6.6 percent, the ADB's Asia Economic Monitor said. It said China's economic growth is likely to slow to 8.9 percent from 9.5 percent last year, and Singapore is expected to be among the economies hardest hit by weaker export prospects. Singapore's growth will likely fall to 3.7 percent this year from 8.4 percent last year, the bank said. "Being a highly open economy, Singapore's economy would be adversely affected by the weak export prospects," the report said. Click here to read further : http://www.taipeitimes.com/News/biz/archives/2005/08/10/2003267185
ASEAN
panel to eye mini-constitution A 10-member panel of senior ASEAN statesmen looking into a mini-constitution for the regional grouping will include Singapore's Deputy Prime Minister S. Jayakumar, it was announced on Monday. The panel will discuss an ASEAN Charter, a constitutional framework of what the Association of Southeast Asian Nations wants to become, and help promote integration among members. The emergence of India and China as economic powerhouses has created the impetus for greater cooperation among Southeast Asian nations.
Click here to read further :
Singapore
PM for greater ASEAN integration Singapore Prime Minister Lee Hsien Loong called Monday "for greater ASEAN integration" to help the South East Asian region thrive amid stiff competition from India and China. In his National Day message marking the 40th anniversary of the city-state's founding, Lee underscored the importance of an ASEAN (Association of South East Asian Nations) community by 2020. "Our neighbours in ASEAN are doing well," said Lee, with Monday making the 40th anniversary of the grouping as well as the eve of Singapore's National Day. "We must continue to re-invent ourselves," Lee said, as the key manufacturing sector faces mounting competition from the lower cost giants, India and China. Click
here to read further : http://www.eians.com/stories/2005/08/08/08for.shtml
Asean's
plumber When Mr Ong Keng Yong current secretary-general of the Association of South-east Asian Nations (Asean) took office in Jan 2003, he pledged, among other things, to enhance Asean's economic integration and to raise the profile of the 10-member group. Now at the halfway mark of his five-year term, Mr Ong believes both ends are in sight. Asean's political efforts to gel have never been stronger, thanks to economic imperatives. "We have to be competitive because there are so many things on the shelf. Like going to a department store. If your product is not well packaged, even if you put it at the main door, people will walk past you," Mr Ong told Today on the sidelines of a business conference in Bangkok. Although Asean has put up its goal of becoming, by 2020, a single market with smaller socio-economic disparities among its members, the group is also outward-looking. It has been trying for years to broker a free trade agreement with the European Union (EU).
Click here to read further: http://www.todayonline.com/articles/65554.asp
Myanmar
top leader calls for ASEAN community Myanmar top leader Senior-General Than Shwe on Monday called on his country people to strive with the peoples of fellow members of the Association of Southeast Asian Nations (ASEAN) for the emergence of the ASEAN Community. Than Shwe, Chairman of the State Peace and Development Council,made the call on in his message the occasion of the 38th anniversary of the founding of the association, the official newspaper New Light of Myanmar reported. "The emergence of an ASEAN Community will benefit people of Myanmar along with other ASEAN citizens in sharing the fruit of peace and stability, development and prosperity in our region," Than Shwe said. Click
here to read further : http://news.xinhuanet.com/english/2005-08/08/content_3324708.htm
Viet
Nam contributes to ASEAN development Though being a new member, Viet Nam has exerted great efforts to participate in almost all cooperative activities of the Association of Southeast Asian Nations (ASEAN), thus contributing to and maintaining regional solidarity since it was admitted to the regional group 10 years ago. The statement was made by Nguyen Duy Hung, Director of the ASEAN Department under the Ministry of Foreign Affairs on the sidelines of the seminar titled “Viet Nam in the ASEAN: Present and Future†which was held in Ha Noi on August 5 to mark the 10th anniversary of Viet Nam joining the ASEAN (August 8). Click
here to read further:
Asia:
the best bet for businesses Asia remains one of the world's most dynamic regions and offers multiple opportunities for businesses and investors. In addition to the considerable enthusiasm that has been directed toward China as a result of its rapid growth in recent years, considerable attention is now being accorded to India and other markets as well. Economic progress is also fueling increasing regional integration, which in turn is further accentuating Asia's potential. As the largest economy in the region, Japan plays a key role in driving economic activity given the size, sophistication and affluence of its population, and the operating range of Japanese corporations. Given the prospects for rapid growth, greater intra-regional trade and Asia's importance as both an industrial and consumer market, companies and investors are well advised to consider how the region, and Japan in particular, might fit into their investment and expansion plans. In addition to these regional trends and opportunities, there are also many exciting developments occurring within Japan's domestic economy. Click
here to read further : http://www.atimes.com/atimes/Japan/GH02Dh01.html |
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