South Korea has elected  Moon Jae-in of the Democratic Party as successor of the impeached former President Park Geun-hye.  It was a decisive victory for the liberal politician, with voter turnout at a record high of more than 75 per cent. Moon is taking over at a delicate time, with challenges on multiple fronts: South... View Article

The Ambassador of the European Union (EU) to Myanmar, Roland Kobia, said that political stability and investment protection is needed to secure more European investment into Myanmar.  He was speaking in an interview with the Myanmar Times. The EU is the biggest investor in ASEAN economies but not in Myanmar. Bilateral trade reached €1.55 billion... View Article

The Asia Institutional Investors Alliance (AIIA), a consortium of private and institutional investors led by China Minsheng Investment Group (CMIG), is launching a Silk Road mega fund to invest in new enterprises generated in the Belt and Road initiative, reports the South China Morning Post. The AIIA, founded in 2016 in cooperation with global investment banks UBS,... View Article

The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has indicated its ambition to issue its own bonds, possibly as early as the fourth quarter of 2017. As reported in the Nikkei Asian Review, the AIIB is eyeing up an initial bond issue of at least $US 1 billion.  The AIIB is engaging international credit ratings agencies... View Article

Bold reforms taken after the 1997-1998 Asian financial crisis strengthened Indonesia’s ability to respond to external shocks, said Indonesia’s Finance Minister Sri Mulyani at the Asian Development Bank’s 50th Annual Meeting in Yokohama, Japan, reports the Jakarta Post. Indonesia was one of the countries most affected by the crisis, leading to an IMF bailout package... View Article

US Secretary of State Rex Tillerson has called on Asian leaders to cut funding and apply UN sanctions to North Korea at a meeting of ASEAN Ministers in Washington on Thursday, reports Reuters. Tillerson warned that the US would sanction foreign companies that conduct business with the Pyongyang regime if their governments did not to... View Article

In an interview with the Washington Post, Moon Jae-in, the Democratic Party candidate and front-runner to become South Korea’s next president, expressed concerns about the US interfering with the elections after the rushed installation of a THAAD anti-missile system. Moon Jae-in said: “I don’t believe the U.S. has the intention, but I do have reservations.... View Article

Takehiko Nakao, President of the Asian Development Bank (ADB), opened the 50th Annual Meeting of the Board of Governors in Yokohama, Japan today, where 3,000 delegates are gathering to discuss initiatives for infrastructure and poverty reduction in Asia, with a warning on One Belt, One Road (OBOR) projects. At the opening news conference, Nakao signaled... View Article

At the B20 Summit in Berlin today, World Trade Organization (WTO) Director-General Roberto Azevêdo gave a speech titled ‘Making Trade Work for All: Trade Liberalisation and Inclusiveness’. Azevêdo stressed that although he believes that trade and the global trading system are essential for jobs, growth, development, prosperity as well as peace, the trading system is at... View Article

The 30th ASEAN Summit, hosted by Philippines President Rodrigo Duterte under the banner “Partnering for Change, Engaging the World,” concluded in Manila at the weekend with a 126 point statement covering co-operation on a wide range of issues, from trade to terrorism. Heads of State from the 10 nation pact agreed to progress ASEAN Plus... View Article