AEC 2015: all set for manufacturing, lagging on services

The ASEAN Economic Community (AEC) aims for regional economic integration this year. What implications will it have on the burgeoning ASEAN business environment? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights in the Asian version of Japan’s Nikkei newspaper.

As the Association of Southeast Asian Nation (ASEAN) countries liberalize trade in line with AEC goals, the ASEAN economic landscape is changing. Many of the goals of the AEC in terms of liberalizing trade in goods have already been realized ahead of the 2015 deadline. This has helped to build up a positive momentum for the AEC project. This will also stimulate some restructuring of manufacturing activities in the region going forward.

However the progress towards AEC goals in terms of freeing up human resources and services is lagging. It will take some years after 2015 before these are realized, due to the greater sensitivity of changes in these spheres.

However, Perera cautioned that we should not expect the AEC to transform ASEAN into another European Union (EU). The AEC is far from being like the EU’s Maastricht treaty of 1992. Deeper economic integration will take more time due to the differences in culture, history, politics and economic development among ASEAN countries, which, unlike Europe, have never been unified as a single political entity in their entire history.

https://www.spireresearch.com/newsroom/media/aec-2015-all-set-for-manufacturing-lagging-on-services/

Comments

India ranks among the world’s top compact SUV markets!

India overtook Japan in 2017 as the third largest manufacturer of compact SUVs. Big players such as Renault, Mahindra & Mahindra, Ford Motor, Hyundai Motor, Maruti Suzuki and other SUV manufacturers sold 457,698 compact SUVs in 2017 – over four times the unit sales in 2015, at 107,634. While 2016 saw shrinking sales for this vehicle category in China and the USA, sales in India grew nearly 50% from 307,365 units in 2016. Will India overtake China as the world’s largest compact SUV market? For more information, click here.

Express Pharma Magazine 16th to 30th November 2013 National

API manufacturers need to relook business processes to operate more efficiently

A room-sized 3D printer?

Torbjørn Ludvigsen is a Swedish inventor whose company – Replicating Rapid Prototyper (RepRap) – is busy raising funds to develop the Hangprinter. This suspended 3D printer uses the walls and ceiling of a room as its “frame” and can be used to print furniture-sized objects in an entire room. While cable-driven 3D printers already exist, this 3D printer is different. It uses a frameless 3-D printing system which is cheaper to assemble – a mere USD250. It uses an entire house as a 3D printer frame and all parts of the suspended 3D printer are mounted on a single moving unit. The self-replicating machine is designed to manufacture a large fraction of its own parts. Will RepRap revolutionize the construction of low-cost buildings for developing nations? https://www.spireresearch.com/newsroom/spirethoughts/a-room-size-3d-printer/

Spire and YBC host breakfast seminar on the impact of demonetization in India

On 20 January, Spire and Yamada Business Consulting (YBC) jointly held a breakfast seminar in Singapore to explore the impact on India’s economy of the recent Rupee demonetization of high-value currency notes. Leon Perera, Chief Executive Officer of Spire Research and Consulting, Japnit Singh, Deputy Chief Executive Officer at Spire and Yasuyuki (Luke) Kita, General Manager of YBC (Singapore), addressed the session. Spire Singapore and YBC discussed the demonetization’s impact on different industry sectors, on e-commerce and on the outlook for doing business in India in 2017. The speakers talked about how demonetisation will spur growth in cashless transactions. Although the retail and car resale sector will suffer short-term damage, there is a visible shift towards modern trade and online transactions. Moreover, ease of doing business and transparency will rise, making India more investment-friendly. https://www.spireresearch.com/newsroom/events/spire-and-ybc-host-br...

New transport systems in Asian cities to curb traffic congestion

Traffic congestion in densely population Asian cities is nothing new. To address this growing menace, emerging Asian economies continue to invest heavily in new transport infrastructure in cities like Jakarta, Manila and Ho Chi Minh City. For instance, Manila suffered annual economic losses of USD18 million due to road congestion. According to a recent study, Southeast Asian emerging states under the Association of Southeast Asian Nations – excluding Laos, Brunei and Singapore – need an investment of USD147 billion each year in infrastructure through 2020 to maintain growth momentum. Will new infrastructure and traffic management technology address traffic congestion in emerging Asian economies? https://www.spireresearch.com/newsroom/spirethoughts/new-transport-systems-in-asian-cities-to-curb-traffic-congestion/

The Knowledge to Decide

Search This Blog