Wage politics across South-east Asia will diverge

2016 ◽  
Keyword(s):  
East Asia ◽  
Minimum Wages ◽  
South East Asia ◽  
Domestic Consumption ◽  
Content Type ◽  
Labour Costs ◽  
Wage Increases ◽  
The Impact

Subject Wage politics in South-east Asia. Significance In July, Malaysia will raise the mimimum wage by 11-15%. The country is one of five in South-east Asia, along with Indonesia, Thailand, Cambodia and Myanmar, increasing minimum wages in 2016. Impacts Labour costs in Vietnam are rising faster than in Indonesia, its primary competitor in the region. Non-compliance will limit the impact of recent increases on domestic consumption. A sizeable part of the ASEAN workforce is informally employed and is, therefore, unaffected by wage increases.

Working capital management and firms’ profitability: evidence from emerging Asian countries

2017 ◽  
Vol 6 (1) ◽  
pp. 80-97 ◽  
Author(s):  
Monica Singhania ◽  
Piyush Mehta
Keyword(s):  
East Asia ◽  
South Asia ◽  
Generalized Method Of Moments ◽  
Asia Pacific ◽  
South East Asia ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Content Type ◽  
The Impact

Purpose Excessive working capital or paucity of the same can impair the profits and health of an organization. The purpose of this paper is to analyze the impact of working capital management (WCM) on the profitability of firms for a sample comprising of non-financial companies in countries of South East Asia, South Asia and East Asia. Design/methodology/approach Analytical modeling has been used to estimate the impact of WCM on profitability with the help of financial data of the companies listed in major indices of the target countries (India, Pakistan, Myanmar, Sri Lanka, Bangladesh, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Hong Kong, Japan, China, South Korea and Taiwan). The mathematical model presented in the paper has been tested using two-step-generalized method of moments. Findings The study reveals a non-linear relationship between profitability of a firm and WCM for 11 economies of the Asia Pacific region. Research limitations/implications The results are subject to the differences in the market dynamics of different economies (countries). Moreover, the limitations of the specific statistical method used to verify the model apply to the model too. Practical implications The research can be used as a tool by the firms (global as well as local) to ameliorate their performance by understanding the effects of WCM on profitability in different global markets and adjusting their working capital accordingly. Originality/value The research on the impact of WCM on profitability of the firms of South East Asia, South Asia and East Asia is a new effort and tries to make the importance of WCM more luciferous.

El Nino threat will cloud ASEAN economic outlook

2015 ◽  
Keyword(s):  
East Asia ◽  
El Niño ◽  
El Nino ◽  
Southern Oscillation ◽  
The Philippines ◽  
South East Asia ◽  
Content Type ◽  
Weather Phenomenon ◽  
The Impact ◽  
Climatic Pattern

Subject Outlook for the impact of the El Nino weather phenomenon on South-east Asia. Significance The El Nino Southern Oscillation climatic pattern spreading across South-east Asia is expected to be the most severe to affect the region since 1997-98. Building since the middle of this year, the 2015-16 El Nino will bring flooding and drought that will disrupt agricultural production, exports and water-dependent industries, and trigger labour migrations to cities. Impacts Smaller harvests will constrain potential export earnings from agricultural shipments. Economic growth will suffer into 2016, with Indonesia and the Philippines probably affected the most. Flooding will probably increase the incidence of water-borne and crop diseases.

US-China tariffs worsen ASEAN middle-income trap fears

2019 ◽  
Keyword(s):  
Supply Chain ◽  
East Asia ◽  
Trade Diversion ◽  
South East Asia ◽  
Middle Income ◽  
Content Type ◽  
China Trade ◽  
The Us ◽  
The Impact

Subject Economic impact of the US-China tariffs. Significance Research into the impact of the US-China trade tariffs on other economies suggests that South-east Asia will benefit, and especially so if the tariff rate on US-China trade increases to 25% on March 1. Trade diversion to ASEAN will more than offset the impact of tariffs increasing prices at various supply chain stages, directly and indirectly dampening demand in these economies. Impacts Lower-value supply chain shifts will be easier and more prevalent, raising the quantity but not quality of GDP and jobs in beneficiaries. US officials are heading to China this week; tariff increases may be delayed but old tariffs will persist, as will the threat of more. None of the research into the impact of the conflict suggests that it will meet the US aim of notably trimming the US goods imbalance.

Washington will engage more with South-east Asia

2021 ◽  
Keyword(s):  
United States ◽  
East Asia ◽  
The United States ◽  
South East Asia ◽  
National Unity ◽  
Content Type ◽  
Key Issues ◽  
Set Up

Significance She addressed two key issues during her trip: tensions in post-coup Myanmar and China’s growing regional footprint. Shortly after she left the region, the United States announced that it would donate unused COVID-19 vaccines abroad, including to South-east Asia. Impacts Washington will tighten its sanctions on the Myanmar military while supporting ASEAN’s five-point plan to ease the country’s crisis. The National Unity Government, a parallel administration to Myanmar’s junta set up by its opponents, will try to attract greater US backing. Manila and Washington may extend negotiations over renewing their Visiting Forces Agreement to prevent the pact expiring in August.

Parts of South-east Asia may adopt nuclear post-2030

2021 ◽  
Keyword(s):  
East Asia ◽  
Nuclear Power ◽  
Large Scale ◽  
East Asian ◽  
Energy Development ◽  
South East Asia ◽  
Asian Countries ◽  
Content Type ◽  
Electricity Grid ◽  
Renewable Energy Development

Significance It is the only country in South-east Asia with a large-scale nuclear plant, although this was never loaded with fuel. Other countries in the region have tentative plans to develop nuclear power programmes. Impacts The current absence of nuclear power programmes will help avert the diversion of capital from renewable energy development in the region. South-east Asian countries with small, non-power reactors, built for research, will try to maintain these facilities. Across the region, the need for electricity grid investment will increase as more decentralised generation sources are deployed.

London will deepen engagement with South-east Asia

2021 ◽  
Keyword(s):  
United Kingdom ◽  
East Asia ◽  
South East Asia ◽  
Aircraft Carrier ◽  
Content Type ◽  
The United Kingdom ◽  
Defence Cooperation

Significance The United Kingdom eyes a strategic tilt to the Indo-Pacific, with South-east Asia a key focus because of its economic dynamism and the convening power of ASEAN. The aircraft carrier HMS Queen Elizabeth will deploy to the Indo-Pacific for six months later this year. Impacts The United Kingdom’s view of China as a systemic challenger makes a trade pact between the two countries unlikely. UK efforts to conclude a trade deal with India will be frustrated by Delhi’s protectionist approach. London will pursue closer defence cooperation with Tokyo.

South East Asia in Conditions of World Financial and Econommic Crisis

2010 ◽  
pp. 38-46
Author(s):  
E. Kanaev ◽  
A. Kurilko
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
East Asia ◽  
South East Asia ◽  
Structural Reforms ◽  
Domestic Consumption ◽  
Communication Partners ◽  
Detailed Specification ◽  
Asean Countries

The 1997–1998 financial crisis brought the issue of necessity to implement deep structural reforms to the agenda in South-East Asia countries. Domestic consumption encouragement, increase of cooperation between different countries' real sectors of economy and strengthening the role of the ASEAN countries in both anti-crisis arrangements and arriving at consensus on interaction with communication partners became focus areas. The detailed specification of measures assumed by particular countries of the region to mitigate crisis effects, stabilize economy and formulate a strategy of economic growth is presented in the article.

South-east Asia digital controls hit connectivity plan

2021 ◽  
Keyword(s):  
East Asia ◽  
Internet Use ◽  
Authoritarian Regimes ◽  
Political Support ◽  
South East Asia ◽  
Donor Funding ◽  
Content Type ◽  
Digital Integration

Significance It seeks to accelerate recovery from COVID-19 by capitalising on the rise in internet use and digital trade during the pandemic. However, new restrictive laws on internet use in several countries run counter to these regional digital integration goals. Impacts Beijing will give technical and political support to countries such as Cambodia seeking to replicate the Great Firewall on a smaller scale. Authoritarian regimes will use internet controls to advance their commercial interests. Western donor funding for digital projects could be halted.

Prospects for South-east Asia in 2022

2021 ◽  
Keyword(s):  
East Asia ◽  
The Philippines ◽  
South East Asia ◽  
Content Type ◽  
Vaccination Rates ◽  
Thai Government ◽  
The Military

Significance Meanwhile, the Myanmar junta and the military-aligned Thai government are under pressure from opponents, and the Philippines is gearing up for elections. With COVID-19 vaccination rates varying greatly, some countries in the region are better placed than others to revive their pandemic-hit economies.

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