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South-East Asian economy

October 2024

LEGO Group has begun training  hundreds of its team members at its new factory in Binh Duong province in southern Vietnam ahead of the factory’s opening in the first half of 2025.

LEGO the next brick in Vietnam’s investment story

As market observers ponder China’s latest stimulus package, Hanoi is hopeful attention will shift to its fast-growing economy.

Mr Albanese’s visit to Laos included a trade breakthrough with China.

Aussie gas will keep flowing, Albanese tells Japan

Prime Minister Anthony Albanese used his first face-to-face meeting with the new Japanese leader to talk up security of gas imports.

September 2024

Foreign Minister Penny Wong has been tireless in her efforts to strengthen Australia’s economic and strategic ties with ASEAN.

Australia is on the map but not on the minds of South-East Asia

Greater economic engagement with South-East Asia is needed not only for Australia’s sustained prosperity but also for its political clout as a bona fide Asian power.

Aurecon’s Louise Adams said the mood in South-East Asia was that cross-border M&A with Australia carries complexity.

Foreign investors want clarity on retooled FIRB

Federal Treasurer Jim Chalmers’ safeguards for higher-risk foreign investment proposals have been met with confusion overseas.

August 2024

Natthaphong Ruengpanyawut leader of the People’s Party.

Thailand’s democracy is on shaky ground

Since 1932, Thailand has been through 12 successful coups (as well as many more attempted ones), and multiple constitutions.

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March 2024

Top law firms eye big growth in South-East Asia strategy

Australian lawyers say work in the region suffers from a perception problem, despite the complex, high-value deals emerging from fast-growing markets.

Prime Minister Anthony Albanese does ASEAN duty with Indonesia’s President Joko Widodo.

How Australia can avoid predictable ASEAN pitfalls

South-East Asia will happily talk to us about stability and trade, but ignore us if we are only interested in pushing values and rivalries.

February 2024

Indonesian Finance Minister Sri Mulyani Indrawati at the G20 in Bali in 2022.

She helped save Indonesia’s economy. Now she’s likely to be sacked

Sri Mulyani Indrawati steadied the ship at critical moments for Indonesia, but the Prabowo camp says her approach to development differs from the new government’s.

November 2023

Anwar Ibrahim, Malaysia’s prime minister Anwar Ibrahim has railed against Israel and its backers.

Malaysia backs Hamas, defying US sanctions threat

Malaysian PM Anwar Ibrahim compared Hamas with Nelson Mandela and the African National Congress’s push to end apartheid in South Africa.

September 2023

NAB and Westpac have closed branches in Hong Kong this year, leaving CBA and ANZ as the two Aussie banks with a presence there.

NAB closes Hong Kong office, follows Westpac out

The bank has 50 staff in the city, and has told them that it intends to consolidate operations into Shanghai, Singapore and Tokyo.

WA Premier Roger Cook in Surabaya on Wednesday.

Inside the WA premier’s plan to wean his state off China

Rather than be a quarry for Beijing or the source of a never-ending supply of FIFO holidaymakers in Bali, Roger Cook wants to reinvent the state’s image in Asia.

June 2023

Calvin Ng, co-founder of Aura Group.

This PE fund wants to get wealthy Australians into South-East Asia

Aura Group is trying to raise up to $US200 million for a new investment vehicle that will see what worked in China and Korea, and try it in emerging markets.

May 2023

Narendra Modi’s India does not lend itself to identification with democratic principle.

India doesn’t share our world view

New Delhi will never involve itself in any US confrontation with China that did not threaten its own security. It is guided by what it thinks is best for India.

Move Forward Party leader Pita Limjaroenrat talks to media at party headquarters in Bangkok on Sunday.

Thailand’s orange wave

Thais, especially the young, have voted for a fresh start by endorsing the radical pro-democracy agenda of Move Forward.

Indonesian President Joko Widodo appears to be more kindly inclined to the Quad and AUKUS.

Jokowi softens stance on AUKUS, the Quad

After an initially frosty reception, Indonesian President Joko Widodo is warming to Australia’s additional defence and security pacts.

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Ridha Wirakusumah

Why global disruption is a win for Indonesia’s investment chief

The head of Indonesia’s sovereign wealth fund believes US green subsidies represent opportunities for countries to enter American supply chains.

Malaysia, right, plays Thailand in last year’s SEA Games regu sepaktakraw final.

(Probably) the world’s largest sporting event is happening in Cambodia

The South-East Asian Games will include obstacle racing and jet skiing – and there are 581 medals at stake – nearly twice the number won at the last Olympics.

April 2023

Bangkok sunset: China pulled ahead of the United States in Thailand last year.

China’s investment machine blitzes US in South-East Asia

Lowy Institute research shows Beijing has consolidated its lead in economic engagement and bolstered defence, diplomatic and cultural ties.

March 2023

French dry red wine, pours into glass, trendy pink background, space for text, selective focus Red wine generic
iStock

The surprising bright spot for Australian wine exports

China is still shut, the UK is increasing taxes, but in this group of countries wine sales are on the up and up.

Penny Wong in Malaysia. She has visited most South-East Asian countries since taking over as foreign minister.

Are Australia’s neighbours ready for AUKUS?

The AUKUS fallout has not prevented positive momentum in Australia’s relations with South-East Asia, yet regional concerns still lurk below the surface.

Original URL: https://www.afr.com/topic/south-east-asian-economy-1nhn