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Asean: The next horizon

Region has immense potential despite challenges, uneven progress among member nations.

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Singapore will face greater competition from the Mekong economies as they move up the manufacturing value chain. It will need to carve out new niches to maintain its competitiveness.

BT_20150428_LKSBABAIN2_1633955.jpg
Singapore will face greater competition from the Mekong economies as they move up the manufacturing value chain. It will need to carve out new niches to maintain its competitiveness.

There has been a flurry of activity around the Asian region with the establishment of trade agreements, new financial institutions and geopolitical developments.

It is perhaps understandable then, that the role of the Association of Southeast Asian Nations (Asean), has receded somewhat.

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