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Thailand will pursue a more proactive foreign policy

Location:

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…

Taiwan will continue to diversify its investments

Location:

TAIWAN

Rerouting of capital flows follows not only global supply chain realignment away from China but also Taipei’s New Southbound Policy (NSP), which will facilitate Taiwanese…

Tough economic challenges await Taiwan president-elect

Location:

TAIWAN

The election in January of Lai Ching-te as president signalled continuity in economic policy, and economic pressure from Beijing has to date had limited effect. However, Lai faces…

ASEAN-Australia relations will grow

Location:

ASEAN/AUSTRALIA

Besides a leaders’ plenary and retreat, there were events linked to four thematic tracks: business; climate and clean energy; maritime cooperation; and emerging leaders…

Chinese firms will expand presence in South-east Asia

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CHINA/SOUTH-EAST ASIA

South-east Asia maintained its position as the largest recipient (40%) of China’s total Asia-Pacific engagement, which was valued at USD14.8bn, up USD12.4bn from 2022. In recent…

Brunei will step up efforts to diversify economy

Location:

BRUNEI

The IMF recently recommended structural reforms to bolster the economy, which has struggled to recover from the impact of the COVID-19 pandemic. Brunei has long been reliant on…

US trade exposure to China will remain high

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CHINA/UNITED STATES

In January-November, imports of Chinese goods dropped more than 20% year-on-year. China’s share of total US imports plunged to 13.9% from 16.7% in the same period in 2022, while…

Prospects for South-east Asia in 2024

Location:

PROSPECTS 2024

Separately, regional leaders were somewhat reassured by the modest rapprochement between China and the United States -- influential powers in South-east Asia -- on the margins of…

Papua New Guinea instability will increase

Location:

PAPUA NEW GUINEA

Marape's government is attempting to manage growing political fallout from widespread rioting in January, economic dislocation arising from fuel shortages and a spiralling…

Vietnam will rethink its relations with Russia

Location:

VIETNAM

Vietnam is Russia’s closest partner in South-east Asia and has refused to criticise Moscow over the Ukraine war. Between 2000 and 2022, Russia accounted for more than 80% of…