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KUALA LUMPUR - Asean would emerge as the fourth largest economy in the world by 2030, after China, India and the European Union, Malaysia's second minister of international trade and industry Ong Ka Chuan said, quoting some economists who predicted the r

He also said the region's GDP would double to US$4.7 trillion by 2020 as Asean explores new market potentials worldwide.
"Intra-Asean investments stood at $23.8 billion in 2014, 15.7 per cent higher than the previous year, making up some 17.33 per cent of all direct investments in the region."
Ong said foreign direct investments (FDI) from Asean countries into Malaysia jumped from $526 million in 2010 to $2.2 billion in 2015, while the percentage of intra-Asean FDI climbed from 6 per cent in 2010 to 24 per cent last year."Services industry is the prime mover of AEC with the import-export of services increasing remarkably from $354 billion in 2007 to $619.7 billion in 2014.
"Similarly, intra-Asean services trading was also higher from $89.5 billion to $172.6 billion during the same period."
He pointed out that services sector made up 40-60 per cent of Asean's GDP, and this was expected to rise further following the continuous development of regional countries.
General Discussion / PH seen a $1.2T economy by 2030
« Last post by JA DU ( transracial) on Today at 04:39:28 PM »
The Philippine economy can more than quadruple to $1.2 trillion by 2030 from its current $280-billion size in gross domestic product (GDP) terms and become one of the largest markets of the future in the region, said a forecast by global information firm IHS.
The Asian laggard has transformed itself from a ‘pussycat’ to a ‘tiger’ economy over the last 10 years and is set to become one of the largest consumer markets of the Association of Southeast Asian Nations (Asean), Rajiv Biswas, Asia-Pacific Chief Economist at IHS, said.
But the challenge remains for the country to improve the business climate, alleviate poverty and unemployment, to sustain its rapid pace of growth, he said.

Biswas said the economy has the capacity for robust long-term economic growth of about 4.5 percent to 5 percent per year over the 2016 to 2030 time horizon.

“This will transform the Philippine economy from its current $280-billion to become a $680-billion economy by 2024, with a projected GDP of $1.2 trillion by 2030,” Biswas said.

The global information firm forecasts total GDP per person in the country will rise from about $2,800 in 2014 to about $5,800 by 2024.
“This has considerable implications for the size of the Philippine consumer economy. These significant increases in per capita GDP will create one of Asean’s largest consumer markets of the future, as the middle class rapidly expands over time,” he said.

“The Philippine economy has undergone a remarkable transition from a pussycat into a tiger economy over the last decade. However, sustained rapid growth will require continued economic reforms to improve the business climate of the Philippines, making it more attractive for foreign direct investment into sectors such as manufacturing and tourism,” the analyst said.

Two key growth drivers
The IHS analyst said the rapidly growing information technology-business process outsourcing (IT-BPO) sector and the strong inflow of remittances from overseas Filipino workers (OFW) are two important growth drivers of the economy.

Export revenue from the IT-BPO sector has more than doubled since 2008 until 2013, reaching an estimated $13.3 billion. That has created positive impact on the economy, including rapid growth in demand for commercial floor space, underpinning the development of existing and new office parks in urban centers, Biswas said.
Meanwhile, OFW remittances rose to $25 billion in 2013, providing a key source of strength for the Philippine balance of payments, he said.
Challenges to growth
IHS sees GDP growing at 6.2 percent this year, which is far below the 7.2 percent expansion achieved in 2013 and the government’s growth target range of 6.5 percent to 7.5 percent for 2014.

“Poverty and unemployment remain very high in the Philippines, with around 28 percent of the population still living in poverty according to government estimates, while the total number of unemployed or underemployed workers exceeds 10 million,” Biswas said.
He added that the long-term outlook will be heavily dependent on the country’s ability to make the manufacturing sector more competitive and to mobilize both foreign and domestic investment flows into the manufacturing sector.
General Discussion / should you ethnicity influence how you behave?
« Last post by Lavender on Today at 04:32:45 PM »
for example if you're an immigrant with an accent like that Iranian woman, you wouldn't be shouting racial slurs at Asians.

or if you're a new immigrant, you wouldn't be behaving badly in public even though you are under equal protection under the law. The rule of etiquette is when you're a new comer, be humble.
General Discussion / does your ethnicity influence your career choice?
« Last post by Lavender on Today at 04:30:56 PM »
there's something discombobulating about an Asian stand up comedian for example and a sitcom is yet to be made successfully about an Asian family.

Most Asians probably wouldn't go into acting let alone comedic acting.

General Discussion / annoying people on facebook
« Last post by Lavender on Today at 04:17:41 PM »
I know this woman from school and we were fairly close friends. Now we are facebook friends.

what's really annoying is she only reads the New York times and she thinks she is so sophisticated. She'd be posting everything she reads on the NYt.

I thought about blocking her but then I also want to help inform her of her ignorance or at least inform other people through my occasional challenge and questioning of her various claims.

I actually cant read the articles b/c I don't have a pay subscription and I won't pay for cabbage propaganda paper like the NYT but their headlines are always misleading and sensational.
Netflix makes an underwhelming comics debut with The Magic Order

Mark Millar is a major force in Hollywood, making bank on film adaptations of his creator-owned comics Wanted, Kick-azz, and The Secret Service (which became Kingsman on screen) and playing a significant role in superhero movies by writing the comic-book source material that inspired Marvel’s Avengers franchise and…


Source: Netflix makes an underwhelming comics debut with The Magic Order
News / COA questions P414 million housing project on hazardous land
« Last post by convoy on Today at 04:02:26 PM »
COA questions P414 million housing project on hazardous land

The Commission on Audit has questioned a decision of the Social Housing Finance Corp. to construct a P414-million housing project at a former dumpsite and potentially hazardous property in Valenzuela City.
Source: COA questions P414 million housing project on hazardous land
News Feeds / 4,000 ethnic minority children benefit from literacy toolkit
« Last post by convoy on Today at 04:02:23 PM »
4,000 ethnic minority children benefit from literacy toolkit

4,000 ethnic minority children benefit from literacy toolkit

At least 4,000 ethnic minority children aged three to six have benefited from the pilot of the Emergent Literacy and Math (ELM) toolkit to build foundational reading and math skills.

Source: 4,000 ethnic minority children benefit from literacy toolkit
World Bank backs Việt Nam’s ’robust’ economic progress

World Bank backs Việt Nam’s ’robust’ economic progress

Việt Nam’s economy is forecast to continue improving, with gross domestic product expected to expand by 6.8 per cent this year, said the World Bank in its latest economic update for Việt Nam. 

Source: World Bank backs Việt Nam’s ’robust’ economic progress
the only "original" kinh I see now are the Muong. But even they are a mix. So I guess they would be considered as close as we can see in modern time what the original Kinh look like.

in the case of Han Chinese, there's still a large group with distinct look in current time that we can properly call Han.

In Vietnam it's different b/c we don't have a large distinctive looking norther "kinh" group. even the northern ones don't look that northern if we mean northern like Korean or n. Chinese. Any distinction is artificial and is meant to divide our already small group into the superior northerners and inferior southerners.
Pages: [1] 2 3 ... 10

* Recent Posts

Asean( indo-pacific) to become world's 4th largest economy by 2030 by JA DU ( transracial)
[Today at 04:41:52 PM]

PH seen a $1.2T economy by 2030 by JA DU ( transracial)
[Today at 04:39:28 PM]

should you ethnicity influence how you behave? by Lavender
[Today at 04:32:45 PM]

does your ethnicity influence your career choice? by Lavender
[Today at 04:30:56 PM]

annoying people on facebook by Lavender
[Today at 04:17:41 PM]

How is this guy "handsome"? according to VPOP?? Disco-bobulated1 by Lavender
[Today at 03:18:03 PM]

Does Vietnam have to be industrialized? by Lavender
[Today at 03:12:11 PM]

This VPOP video is very SEA looking. by Lavender
[Today at 03:10:26 PM]

Commies made Will Nguyen Confessed On Public TV then "deported" him back to USA by Albert Wong
[Today at 12:12:07 PM]

Cantonese has no written language, yet protest the use of simplified Chinese by Albert Wong
[Today at 11:52:59 AM]

Theoretical training is the reason why Vietnamese people can´t self-actualize by Albert Wong
[Today at 11:45:40 AM]

ONLY Vietnamese people can make Haiwaiian foods taste good by Lavender
[Today at 11:38:05 AM]

Trump threatens China with new tariffs on another 200 to 400 billion of goods by JA DU ( transracial)
[Today at 10:31:21 AM]

Abandoned Half Korean-Half Filipino children in Philippines Seek Compensation by JA DU ( transracial)
[Today at 10:29:26 AM]

WOW, now Csvn is showing compassion towards their people? by Albert Wong
[Today at 10:02:37 AM]

U.S Pentagon to create a 'Space Force' as a new branch of the military by JA DU ( transracial)
[Today at 07:58:39 AM]

There is growing concern in NATO against cyber attacks, especially from China by JA DU ( transracial)
[Today at 07:39:00 AM]

Suraya Entezam Racism:Korean American veteran thinks white people care about him by Lavender
[Today at 07:33:46 AM]

From year 2000, Viet emigration rate to USA explodes like burrito diarrhea by Selurong
[Yesterday at 10:02:59 PM]

Development of new rural area should go into depth and be sustainable by convoy
[Yesterday at 10:02:31 PM]

As Indians outperform Chinese in overseas corporate management, China must nurtu by Lavender
[Yesterday at 09:35:36 PM]

Albert Einstein described Chinese people as filthy & obtuse by Lavender
[Yesterday at 09:34:00 PM]

Easy dessert by Lavender
[Yesterday at 09:01:33 PM]

Vietnam´s Prime Minister Only Son Lives in Orange County California by Lavender
[Yesterday at 02:00:59 PM]

please sign petition to release protesters of the special economic zones by Lavender
[Yesterday at 01:41:40 PM]