Authority of Singapore and IMF to Host High-Level Seminar
August 29, 2005
Release - International Monetary Fund
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.
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
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ASEAN leader indicates single currency some way off
August, 25, 2005
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.
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Starts Fourth Round Of Services Negotiations
Malaysian National News Agency
August 19, 2005
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.
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.
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 to read further : http://www.bernama.com.my/bernama/v3/news_business.php?id=151050
Union in Asia Viable
By Kim Jae-kyoung
August 19, 2005
The nation’s top-ranking government official said Friday that
currency integration in East Asia may be a viable plan if the proper
measures are taken.
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.
we take the appropriate steps, I think we may be able to form a
currency union like the European Union,’’ he added.
he pointed out that there are several prerequisites before such
actions can materialize.
here to read further : http://times.hankooki.com/lpage/200508/kt2005081919595210160.htm
is back in the market for economic advice
By Clarence Fernandez
August 16, 2005
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
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.
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.
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East Asia's growth may slow: ADB
Aug 10, 2005
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.
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
growth will likely fall to 3.7 percent this year from 8.4 percent
last year, the bank said.
a highly open economy, Singapore's economy would be adversely affected
by the weak export prospects," the report said.
here to read further : http://www.taipeitimes.com/News/biz/archives/2005/08/10/2003267185
panel to eye mini-constitution
The Jakarta Post August 08, 2005
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.
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.
emergence of India and China as economic powerhouses has created
the impetus for greater cooperation among Southeast Asian nations.
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PM for greater ASEAN integration
Indo Asian News Service
August, 8, 2005
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.
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.
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.
must continue to re-invent ourselves," Lee said, as the key
manufacturing sector faces mounting competition from the lower cost
giants, India and China.
here to read further : http://www.eians.com/stories/2005/08/08/08for.shtml
Secretary General evaluates his 'fixes' on association's 38th birthday
Mediacorp press, August 8, 2005
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.
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.
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
top leader calls for ASEAN community
August 8, 2005
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
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
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.
here to read further : http://news.xinhuanet.com/english/2005-08/08/content_3324708.htm
Nam contributes to ASEAN development
Vietnam News Agency
August, 5, 2005
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
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 â€œViet Nam in the ASEAN: Present and Futureâ€
which was held in Ha Noi on August 5 to mark the 10th anniversary
of Viet Nam joining the ASEAN (August 8).
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the best bet for businesses
August 2, 2005
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.
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
here to read further : http://www.atimes.com/atimes/Japan/GH02Dh01.html