Tag Archives: Asian Development Bank

Arduous economic recovery in post-conflict East Timor

Next generation takes the reins of development to move troubled tropical paradise away from its bloody past.

Published by Al Jazeera English, June 23, 2015

By Tom Benner

Dili, East Timor – Following his first 100 days in office, the new prime minister of East Timor marvelled at how the peaceful transition of power from his predecessor stood in stark contrast to the young nation’s turbulent past.

“Since independence, East Timor has come a long way,” said Prime Minister Rui Maria de Araújo in a speech at the 2015 East Timor Development Partners Meeting.

“We have moved from a fragile country overcoming the ghosts of our traumatic past, to a nation that is consolidating the foundations of our state,” the prime minister said. Continue reading …

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ASEAN Economic Community: Global economic powerhouse in the making

Published by The American Chamber of Commerce in Japan Journal, April 2015 issue.

Credit: Deloitte Southeast Asia

Credit: Deloitte Southeast Asia

By Tom Benner

The unveiling of the Association of Southeast Asian Nations (ASEAN) as an economic community will take place on December 31. When the 10 countries that make up ASEAN join forces as a common market—the ASEAN Economic Community (AEC)—there will be inevitable comparisons to the European Union.

As an integrated regional economy, the member states of the AEC—Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam—will comprise the world’s seventh-largest economy. Continue reading …