The US-ASEAN Expanded Economic Engagement (E3) Initiative is a framework to promote increased trade, investment, and economic cooperation between the US and ASEAN. The E3 Initiative was originally launched at a US-ASEAN Leaders Meeting in Cambodia in 2012. It was part of then-US president Barack Obama’s “pivot to Asia” policy, as his country sought to make Southeast Asia a higher strategic priority in its foreign policy. Here, we offer an overview of the E3 Initiative and its importance for foreign investors in Southeast Asia. The E3 Initiative at a glance The US made the E3 Initiative a priority in 2012 to signal the country’s economic and political commitment to Southeast Asia, which had historically been uneven. Although the US and ASEAN already had a Trade and Investment Facilitation Agreement (TIFA) in place since 2006, the E3 Initiative promised increased efforts to facilitate trade and investment, strengthen the efficiency and competitiveness of trade flows and ... » Learn More about The US-ASEAN Expanded Economic Engagement Initiative
Digital divide causes
PETALING JAYA: The Health Ministry has given the green light to one-third of travellers into Malaysia from the 4,883 completed applications for home quarantine received through the Home Quarantine Application (HQA) portal. Its director-general Tan Sri Dr Noor Hisham Abdullah said it has so far approved 1,612 applications from the 4,883 complete applications received via the HQA portal, adding that it had processed 1,741 applications altogether from the portal which went live on Sept 21. He said that of the 5,947 individuals who made the applications, a total of 3,921 were Malaysians, followed by 1,910 non-citizens and 116 permanent residents. Dr Noor Hisham said the online application system was still in a trial stage and that the applications via the portal would be fully implemented from October. “We target more applications to be processed in less than three days after this. The system will be improved from time to time, and we would like to thank everyone for their ... » Learn More about Health DG: 1,612 applications through HQA approved for home quarantine so far
JAKARTA, Sept 28 (Xinhua): The Indonesian economy was expected to grow close to 5 per cent in 2022 after experiencing pressure from the Covid-19 pandemic in 2020 and 2021, the World Bank's Chief Economist for the East Asia and Pacific Region Aaditya Mattoo said. "The factors driving Indonesia's economy to grow close to 5 per cent are the government's various efforts in overcoming the Covid-19 pandemic," Mattoo said at the World Bank East Asia and Pacific Economic Update Briefing in Jakarta on Tuesday. He observed that Indonesia has chosen a hybrid approach by tightening people's mobility and trying to support the economy at the same time. Mattoo added that the Indonesian government has been taking an early measure to carry out a vaccination programme which has become a factor in boosting the economy because recovery is highly dependent on people's immunity. In addition, the accelerating vaccination programs, massive tracing, testing and treatment efforts as well as social ... » Learn More about World Bank upbeat Indonesia’s economy to grow nearly 5 per cent in 2022
A police truck lies upside down following a bomb explosion in tambon Chang Phueak of Chanae district, Narathiwat, on Tuesday afternoon. (Photo supplied) NARATHIWAT: Two policemen were killed and four others injured when a bomb exploded under a road in Chanae district of this southern province on Tuesday afternoon. The attack occurred on a road in Ban Nam Won village in tambon Chang Phueak at 2.12pm, severely damaging one of two police trucks passing by. Six policemen from the Chanae station were injured at the scene and rushed to Chanae Hospital. Two of them succumbed to their wounds later. They were Pol Lt Theerasak Khrueakham, a deputy inspector, and Pol Sgt Pariwat Udom. The impact caused the truck to land about 40 metres away from the 1.5-metre-wide, one-metre-deep explosion crater. Police said the bomb was assembled in a cooking gas cylinder, was placed in a sewer pipe under the road and detonated by wire strung into a roadside forest. The group of policemen was ... » Learn More about Bomb under road kills 2 police officers, injures 4
Presidential aspirant Isko Moreno has been on the receiving end of criticism for what people call fence-sitting or a lack of categorical answers when it comes to issues like Leila de Lima and the Duterte war on drugs. He’s been called “Duterte Lite” or “Duterte 2.0” as people speculate that his lack of clarity is proof that he is a puppet being controlled by President Rodrigo Duterte or that he would adopt his controversial policies if elected into Malacañang. Then there’s the sneering at a man once invited by opposition coalition 1Sambayan and suspected of being impostor who does not represent the “true opposition.” Veteran journalist and Inquirer columnist John Nery wrote that there's no way Isko can now be considered an opposition candidate. Two political analysts say fence-sitting is nothing new and Moreno likely won’t be the only candidate to be accused of this in the months ahead. With President Duterte still enjoying fairly high ... » Learn More about Duterte Lite: Is fence-sitting a sin or strategy in 2022 elections?
Union Bank of the Philippines (UnionBank) was declared the “Bank of the Year 2020” in the Philippines by The Banker, regarded as the industry standard for global banking excellence. The prestigious award is given to the institution that has “outshone its peers in terms of performance, strategic initiatives and response to the COVID-19 pandemic.” In a statement, The Banker recognized UnionBank’s “bold efforts to push for greater financial inclusion through its fintech and corporate venture capital arm named UBX.” UnionBank was lauded for its spinoff UBX’s focus on the development of four new ventures, namely i2i, SeekCap, Bux and Sentro. In partnership with the Rural Bankers Association of the Philippines, i2i mainly used blockchain technology to bring unbanked communities in rural areas to digital banking. Meanwhile, the other three ventures were focused on assisting micro, small and medium enterprises (MSMEs) to grow and thrive amid the pandemic. SeekCap, for ... » Learn More about UnionBank named ‘Bank of the Year 2020’ in PH