Speaking at the 16th ASEAN Economic Ministers (AEM)-EU Trade Commissioner Consultations in Singapore on Friday, Trade Minister Enggartiasto Lukita outlined the desired impact a free trade agreement (FTA) between ASEAN and the European Union would have on small and medium enterprises (SMEs) and the palm oil industry. “The FTA between ASEAN and EU must contain programs that can boost SMEs. Points in the agreement must also help counter the negative campaign against palm oil,” he said told delegates as quoted in a press statement from the Trade Ministry. Read also: First EU ambassador to ASEAN looks to bolster ties Held on the sidelines of the 24th ASEAN AEM retreat and related meetings, the consultation aims to strengthen cooperation between the two blocs. Enggartiasto also emphasized that the ASEAN and EU FTA would require an appropriate and well-designed agreement framework, considering the gap in preparedness and ambition between the economic groups. … [Read more...] about Indonesia pins hope on ASEAN-EU FTA to support SMEs, palm oil
KUALA LUMPUR: Tripcarte Asia, a homegrown travel online platform that lets travellers discover and book things to do, is looking to expand its service into the Asean market, including Singapore, Indonesia, Thailand or Vietnam by end of 2019. Currently, the startup only has a presence in Malaysia, offering about 90 tours and attractions from Johor, Kuala Lumpur, Langkawi, Port Dickson, Ipoh, Malacca and Penang. Previously known as MyLangkawiTours.com, Tripcarte Asia provides an online ticketing service that allows travellers to book a single e-ticket that “bundles together” admission to many attractions, allowing individuals to skip the queue at the venue. Founded and launched in 2015, Tripcarte Asia aims to consolidate the tours and activities market by providing a single online destination to discover and book in-destination activities. In a recent interview with SunBiz, its founder and CEO Parthiven Shan said the company is targeting to be the largest online ticketing … [Read more...] about Tripcarte Asia plans foray into Asean market
Last January, the World Bank released its Global Economic Prospects report indicating that the Philippines is the fastest-growing economy in ASEAN and is expected to sustain its robust economic growth for the next years. In early March, we also topped the US News’ list of best countries to invest in the world. We bested ASEAN neighbors Indonesia, Malaysia, Singapore and countries like Poland, Spain, and India, among others. These news reports encourage us all to continue in our contributions to the economy. While Philippines is leading in the region, the ASEAN itself is the strongest economic bloc in the world. This is because of the collective growth of the 10 member countries. Our growth can also be attributed to our dialogue partners who supports us in economic, trade, security, and other development areas. One of our dialogue partners is Australia, led by Prime Minister Malcolm Turnbull. Australia was, in fact, the first ASEAN dialogue partner back in 1974. Last week, I was … [Read more...] about A partner of Asean
President Joko "Jokowi" Widodo has targeted the construction of the new ASEAN Secretariat building in South Jakarta to be finished by early 2019. Jokowi received a delegation from the ASEAN Secretariat led by Secretary-General Dato Lim Jock Hoi at the Merdeka Palace on Friday. They discussed the new secretariat building that had commenced construction on Jan. 8. " The Indonesian government has worked hard to ensure that the construction of the new ASEAN Secretariat is finished by the beginning of 2019," Jokowi said during the meeting on Friday. The President went on to say that the new building should be fully utilized to accommodate ASEAN meetings in the future. The new ASEAN Secretariat building, located next to the current building, will have two 16-floor towers and cost about Rp 500 billion (US$37.3 million). The construction is expected to take 395 working days. Speaking to reporters after the meeting, Lim expressed his gratitude to the Indonesian government for … [Read more...] about New ASEAN Secretariat building to be completed by early 2019
A decade ago, the Philippines was looking at China as the competitor of the growing ASEAN community and the competitor of US when it comes to geopolitical strength and influence over Asia.But all these perceptions began to change when Philippine President Rodrigo Duterte shifted the political alignment from the Western powers to China and this has reached a point where the President announced how instrumental China was in suppressing terror in the southern Philippines.Moreover, former Philippine President Gloria Macapagal Arroyo, who is now a national legislator, told a gathering of business leaders and ministers during the ASEAN Business and Investment Summit that China has emerged to become a collaborator in Southeast Asia, rather than a threat.The former lady president said that China has demonstrated that it could also spur the region's (ASEAN) economies."Everyone thought China would be a competitor of ASEAN but it's actually a collaborator, a donor and a market," said Arroyo, who … [Read more...] about Why Philippines is defending China at ASEAN meet?