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Prospects for South-east Asia to end-2023

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PROSPECTS H2 2023

Regional players will meanwhile work hard to sustain robust economic growth and affirm ASEAN ‘centrality’.

Thailand will pursue a more proactive foreign policy

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THAILAND

Thailand is devoting more attention to foreign policy under Srettha. The fallout from the 2006 and 2014 coups adversely affected its foreign relations, but it retains an important…

Prospects for India in 2024

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PROSPECTS 2024

Meanwhile, the government and the Reserve Bank of India (RBI) both expect 6.5% GDP growth in the fiscal year ending March 2024, which would put the country among the top economic…

Rising pressures will hamper Nepal government

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NEPAL

The impasse ended with an agreement on forming a probe commission. Prime Minister Pushpa Kamal Dahal (‘Prachanda’) is trying to manage the fallout from other controversies as…

Thai search for investors in land bridge will be tough

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THAILAND

The road-and-rail project, which could end up costing around USD30bn, would link deep-water ports on either side of the Kra Isthmus, in effect connecting the Andaman Sea and the…

Cambodia handover masks gradual nature of transition

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CAMBODIA

Hun Manet is Hun Sen’s eldest son. He was the presumed political heir to his father for nearly a decade, but his election as an MP in the July 23 parliamentary polls, where the…

Japan will raise defence spending and cut deficits

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JAPAN

The budget is likely to be enacted by the end of the current fiscal year in March 2024. Rapidly increasing military spending reflects drastic changes in Tokyo’s defence policy. On…

China’s AI chip industry will grow but still lag

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CHINA

China is working hard to boost its domestic AI chip industry in response to US restrictions. The support significantly impacts the development of its entire AI sector, the…