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Southeast Asia

Why are interest rates falling in Southeast Asia?

IT WAS not long ago that economists were fretting about interest rate rises in Southeast Asia. But in 2019, the mood has distinctly shifted among central banks in the region. Malaysia’s Bank Negara cut its interest rate in May by 25 basis points, the first cut since July 2016. The Philippines reduced its interest …

Rich Chinese pouring billions of dollars into Asian real estate

THE ACCUMULATION of private wealth has rocketed in China in the decade following the global financial crisis, thanks to a strengthening economy and successful stimulus programmes. Between 2016 and 2017, China added 106 billionaires to its ultra-high net worth population to hit a total 373 billionaires – a growth rate of two …

Could Australia join Asean?

AS AUSTRALIA has geared up to host a so-called Special Summit for the Association of Southeast Asian Nations (Asean) this weekend, the suggestion it may one day join the regional bloc has come up for debate. Australia was the first country to establish a multilateral relationship with Asean in 1974 …

What’s With the New China-Thailand Military Facility?

Despite the general hype, specifics about the project remain unclear. When news surfaced last December that China and Thailand were exploring the possibility of setting up a new military facility in the Southeast Asian state, a longtime U.S. ally, the development was quickly cast under the sensationalist narrative of growing …