Book Launch: Annual Competitiveness Analysis and Impact of COVID-19 on ASEAN

2020 has proven to be a tumultuous year for the world. The Association of Southeast Asian Nations (ASEAN), as a highly internationalized region, is naturally not spared from events. At the time of writing, vaccines for the virus have begun to be distributed worldwide in the hopes of containing the virus. Meanwhile, new and more […]

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Chart of the Week July 2, 2021: ASEAN Money Transfer Methods and Usage

Summary Payment behavior is heterogeneous across Southeast Asia, reflecting the region’s diverse and multifaceted population and levels of financial development. This week’s chart dives into payment behavior of individuals across select ASEAN member states. The data is sourced from the Global Findex Database (2017), which is the world’s most comprehensive data set on how adults save, borrow, […]

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Chart of the Week June 18, 2021: Growth of Indonesia’s Tertiary Sector over the Past Decade

Summary In the last decade, Indonesia’s tertiary sector has continued to grow, further surpassing the primary and secondary sector. This week’s chart illustrates Indonesia’s economic composition in terms of the percentage of the three sectors in the GDP value-added, as well as the annual growth rate of the Information and Communication industry. The chart shows that despite the Covid-19 pandemic, the tertiary sector continues to grow and has hit a new record in 2020, […]

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Book Launch: Economic Impact of COVID-19 on Three Asian Tigers

It has been over a year since the onset of COVID-19. Governments around the world have undergone an unprecedented challenge to contain the pandemic while minimizing the economic costs. Policy responses have been vastly different across countries, from strict quarantine measures in China, to minimal economic intervention in Sweden. Despite varying degrees of stringency, these […]

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Chart of the Week June 11, 2021: Government’s AI Readiness vs. Citizen’s awareness of AI-Related Topics

Summary  Artificial Intelligence (AI) has become one of the key forces shaping the digital economy today. Yet, countries are not equally ready to capture and maximise AI’s vast potential, leaving economic value on the table. The Oxford Government AI readiness Index measures the capacity of national governments to harness the full potential of AI in their delivery of public services and operations. Google Trends is utilised to approximate the general awareness and interest of AI-related topics amongst the […]

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China, Taiwan, and Regional Trade Integration

As the world evolves into an increasingly interconnected community, multinational corporations (MNCs) and regional trade agreements (RTAs) play an integral role in shaping the changing economic landscape. In 2014, MNCs accounted for 55% of global exports and 49% of imports, with a large part consisting of intermediate goods trade within MNC networks. According to WTO’s Regional Trade […]

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Book Launch: Cost of Living, Wage and Purchasing Power for the World’s Major Cities

Highlights this year  New York remains the most expensive cities for both ordinary residents and expatriates.  Among cities in Asia, Hong Kong jumped two spots to top the ranking as the most expensive city for expatriates while Tel Aviv took the top spot for ordinary residents.   Singapore’s ordinary resident has the highest purchasing power for cities in Asia.   Out of the 15 cities analysed, New York has the highest cost […]

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India’s Second COVID-19 Wave: Why are the more economically competitive states less COVID-resilient?

India’s deadly second wave of coronavirus has left millions of its population infected and has placed extreme stress on the nation’s crumbling healthcare system. At its peak on 8th May 2021, India recorded more than 400,000 cases in a single day, accounting for over half the world’s daily cases and setting a global record that no country wants. According to […]

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Chart of the Week April 16, 2021: Paving the Way to ASEAN’s Digital Economy

Summary ASEAN currently has the fastest growing internet market with approximately 125,000 new users joining the internet every day. A more integrated approach to the region’s digital economy is estimated to add US$1 trillion to regional GDP by 2025. ASEAN countries have seen both internet users and cellular subscriptions increase in the past decade. This week’s chart […]

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