ASEAN Integration

Not all sectors of the economy will come out as winners once the single ASEAN market in enforced next year, according business executives of highly successful Philippine companies, who say there are obvious differences that will weigh on how a particular sector will fare under an integrated region of more than 600 million people.

MANILA, Philippines – The country’s micro, small and medium enterprises (MSMEs) are ready for the competition with their ASEAN (Association of South East Asian Nations) counterparts when ASEAN Economic Integration kicks in next year, 2015.

WHILE next year’s economic integration of the 10 member-states of the Association of Southeast Asian Nations (Asean) is expected to affect small and medium enterprises (SMEs), they, in turn, have also a significant impact on the coming regional transition to a single economic block.

MANILA, Philippines – The Philippines can expect a “tsunami” (tidal wave) invasion of foreign brands that will come with the formal integration of the 10-member Association of Southeast Asian Nations (ASEAN) into a single common market or Economic Community of 600 million consumers later next year.

More Philippine and foreign and companies are likely to invest in Southeast Asia, taking advantage of the opportunities offered by a single market ASEAN Economic Community (AEC), a losing proposition for Manila unless the government starts relaxing the conditions for foreign investors.

MANILA – The ASEAN Economic Integration (AEC) offers immense business opportunities that both the government and the private sector must exploit to fully benefit from its advantages.

MANILA, Philippines – A lawmaker pushed for the creation of a special committee within the House of Representatives to seize opportunities and address threats associated with the looming integration of member countries into the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) next year.

Benefits of a unified market may not be felt for many years The Association of Southeast Asian Nations (Asean) may undergo economic integration by 2015, but businessman Manuel V. Pangilinan believes that the benefits of a unified market will not be felt for many more years.

But access to finance remains a daunting challenge MANILA, Philippines – Small and medium enterprises (SMEs) in the Philippines are urged to welcome the Association of Southeast Asian Nations (ASEAN) integration as an opportunity for their tremendous growth. But the challenges must be addressed soonest for the sector to realize its potentials, experts said in…

S&P says ‘overcrowding’ a major challenge Standard & Poor’s said it believed that banks in the Philippines were not yet prepared for the tougher competition that would result from the integration of Southeast Asian economies.

MANILA, April 24 (Xinhua) — Two conflicting views have emerged in the Philippines on whether or not the country is ready for economic integration in the Association of Southeast Asian Nations (ASEAN) under the ASEAN Economic Community (AEC) which will start to take effect next year.

The Philippines is already fully prepared for the ASEAN Economic Community integration 2015 although there are areas that need to be improved on, a Department of Trade and Industry senior trade specialist said yesterday.

MANILA – The Philippines financial system would still have to go through a lot of reforms to be able to fully reap the benefits of the Association of Southeast Asian Nations (Asean) financial market integration come 2020, a Bangko Sentral ng Pilipinas (BSP) senior official said on Monday.

MANILA, Philippines – How prepared is the Philippine business sector for the economic integration of member countries of the Association of Southeast Asian Nations (ASEAN) in 2015? Senator Grace Poe wants government agencies to brief Congress on the country’s preparations for ASEAN 2015 so it can pass laws that will protect the local industry.

MANILA, Philippines – The Philippine financial system had remained resilient from all external shocks in 2013, thanks to the country’s strong economic fundamentals.

HOW will the Philippines’s property sector—which has been experiencing growth as of late—fare once Southeast Asian economies merge as one come 2015 when the region formally establishes an Asean Economic Community (AEC)?

MANILA, Philippines – Is the Philippines ready for full economic integration into Association of Southeast Asian Nations (ASEAN) Economic Community by 2015?

Businesses told not to worry about impending changes MANILA, Philippines—The Philippines is primed and ready for the integration of economies among the 10-member states of the Asean by 2015, said Trade Secretary Gregory L. Domingo, who shrugged off claims by certain groups that the country is inadequately prepared.

MANILA – Philippine small and medium enterprises (SMEs) will fall by the wayside once Asean economic integration comes into force by 2015, a state-run think tank said on Monday.

Speech: New Zealand Government The Future Shape of Regional Economic Integration in the Asia Pacific Region We appreciate the effort that the Japan Economic Foundation puts into these events. It is important to have opportunities for international level exchanges involving a wide range of stakeholders from outside of government. So I very much welcome this…

MANILA, Philippines – Information technology experts have warned that the Philippines will not be able to effectively interconnect with its ASEAN neighbors once their economies are integrated unless the country starts structuring its IT network.