China's expansion of its oil operations is only part of the reason behind its rising conflict with Vietnam.» Read More
Despite the recent turbulence in the euro zone, the leader of the World Trade Organisation believes that a single currency should be a “long-term goal” for the countries in the ASEAN economic area.
"I think ASEAN regional integration is an extremely serious, well managed process with the necessary degree of both progressivity and consistency. If you look at the world at large there are three integration processes that are really moving forward ASEAN, East Africa and Central America," Pascal Lamy, director-general of the WTO, told CNBC.
With economic growth slowing in both China and India and policymakers facing increasing challenges, analysts tell CNBC that investors should look beyond these two countries for profitable returns in 2012.
Amar Gill, Head of Thematic Research, CLSA, says foreign direct investment in ASEAN has tripled over the last three years. His top picks for the region are Bank Rakyat, Public Bank and CP Foods.
Leaders of Southeast Asian countries are meeting in Bali this week to try to push for the creation of a free trade zone by 2015 that would rival China and India. But can the region match up to their size and importance?
Western governments lashed out at the extension of Nobel laureate Aung San Suu Kyi's house arrest, but the outrage at Myanmar's military rulers was tempered by concern over disrupting aid flows to desperate cyclone victims.
The roads of the ravaged Irrawaddy Delta are lined these days with people hoping to be fed. After lifetimes living off the land, poor farmers have abandoned their ruined rice paddies, setting up makeshift bamboo shelters, waiting for carloads of Burmese civilians who have taken it on themselves to feed those who lost everything to Cyclone Nargis.
The 68 blue tents are lined up in a row, with a brand-new water purifier and boxes of relief supplies, stacked neatly but as yet undelivered and not even opened. But for the majority of Cyclone Nargis survivors, aid is something they've had no access to.
U.N. chief Ban Ki-moon flew to Myanmar on Thursday to press the ruling generals to allow a full-blown international aid effort for 2.4 million people left destitute by Cyclone Nargis.
Army-ruled Myanmar started three days of mourning on Tuesday for the 134,000 dead and missing from Cyclone Nargis as diplomats pressed the reclusive generals to speed up aid to 2.4 million survivors.
Asian leaders were meeting in Singapore on Wednesday to discuss free trade, financial market stability and cutting greenhouse gases, after a Southeast Asian summit overshadowed by controversy over Myanmar.