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In 1998 there was a property price collapse; from 1997 to 2003 Hong Kong residential property prices fell by 61% [5] following the Asian economic crisis. Investigations show that there is a distinct correlation between lending and property prices and that the influence is thought to have come from the property prices to the bank credit rather ...
Launched on March 24, 1994 in Davao City, [5] BIMP-EAGA was formed by Brunei Darussalam, Indonesia, Malaysia and the Philippines to generate balanced and inclusive growth. As a sub-region of the Association of Southeast Asian Nations, it aims to contribute to regional economic integration in the ASEAN Economic Community.
The IMT-GT is a strategic framework of international economic co-operation by the approval of leaders from the 3 countries to develop the area in the southern part of Thailand, some areas of Malaysia (Kedah, Perlis, Perak, Penang, Selangor, Kelantan, Melaka, Negeri Sembilan) and some areas of Indonesia (Aceh, North Sumatera, West Sumatera, Riau ...
This is a list of ASEAN country subdivisions by GDP are based on official exchange rates market exchange rates (Nominal) and Purchasing Power Parity (PPP) methodology. These figures have been taken from using data from Indonesian provinces, Malaysia states, Philippine, Thai, and Vietnam regions.
Malaysia's benchmark crude oil, Tapis Blend, is a light and sweet crude oil, with an API gravity of 42.7° and a sulphur content of 0.04% by weight. Malaysia held 87.8 trillion cubic feet (Tcf) of proven natural gas reserves as of 2021, and was the third-largest natural gas reserve holder in the Asia-Pacific region after China and Indonesia ...
The Association of Southeast Asian Nations, [c] commonly abbreviated as ASEAN, [d] is a political and economic union of 10 states in Southeast Asia.Together, its member states represent a population of more than 600 million people and land area of over 4.5 million km 2 (1.7 million sq mi). [13]
The Economic Research Institute for ASEAN and East Asia or ERIA is an international organization established in Jakarta, Indonesia in 2008 by a formal agreement among Leaders of 16 countries in the East Asian region to conduct research activities and make policy recommendations for further economic integration in the East Asia. [1]
The ASEAN Smart Cities Network (ASCN) is a collaborative platform that aims to unify smart city development efforts across ASEAN.The ACSN aims to facilitate cooperation on smart city development, broker smart city development projects between city government units and local private sector firms, and secure funding and support for these developments from ASEAN's external partners. [1]