Advent of the Era of the AEC and Its Impact on Singapore and Indonesia(45)

Comparative Study on the Perception and Response of Singapore and Indonesia

Above all things, doubts are cast upon the massive disparity of the social and cultural environment among the member countries. There exists considerable economic gap in the region, too. 

For instance, Brunei, an oil-producing country was shined with its per capita GDP of 28,240 USD in 2017 while Cambodia, one of the poorest countries in the region only recorded per capita GDP of 1,390 USD during the same period.

Advent of the Era of the AEC and Its Impact on Singapore and Indonesia(8)

Comparative Study on the Perception and Response of Singapore and Indonesia

As widely known, the ASEAN consists of 10 member states. 5 countries including Myanmar, Thailand, Laos, Cambodia and Vietnam are located in the continental ASEAN. Remaining 5 countries, Malaysia, Singapore, Indonesia, Brunei and the Philippines are positioned in the maritime area. 

Since its foundation slightly more than 50 years ago, the ASEAN has evolved into one of the most dynamic regions with speedy economic achievements. 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(2)

Comparative Study on the Perception and Response of Singapore and Indonesia

While Myanmar is still under international criticism for the massacre against its minority group, Indonesians witness social conflicts with controversy over the majority religious party's alleged attempt to exercise influences on the political sector. 

Though the ASEAN members are faced with their own weighty political or diplomatic issues, all countries pay close attention to one regional watershed in common. It is the AEC (ASEAN Economic Community) which marked the 3rd year of its ambitious inauguration 48 years after the establishment of the ASEAN in 1967.

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(8)

Comparative Study on the Perception and Response of Singapore and Indonesia

As widely known, the ASEAN consists of 10 member states. 5 countries including Myanmar, Thailand, Laos, Cambodia and Vietnam are located in the continental ASEAN. Remaining 5 countries, Malaysia, Singapore, Indonesia, Brunei and the Philippines are positioned in the maritime area. 

Since its foundation slightly more than 50 years ago, the ASEAN has evolved into one of the most dynamic regions with speedy economic achievements. Experts have pointed out that the ASEAN's remarkable performance has been greatly attributed to its economic cooperation and integration initiatives picking up steam over the last two decades. 

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(7)

Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia

In the final section, results of comparative examination on the impacts of the AEC on Singapore and Indonesia will be demonstrated. This study will be concluded with brief suggestions especially for the governments of the two countries in hopes of stalwart execution of the AEC in the near future. 

As widely known, the ASEAN consists of 10 member states. 5 countries including Myanmar, Thailand, Laos, Cambodia and Vietnam are located in the continental ASEAN. Remaining 5 countries, Malaysia, Singapore, Indonesia, Brunei and the Philippines are positioned in the maritime area.

City U students' business plans clinch top international awards(2)

City U students' business plans to market fish technology win top international awards

The three students - from the departments of marketing, manufacturing engineering and engineering management, and accountancy - formulated their business plan by drawing on their interdisciplinary knowledge, experience and learning to design a conceptual framework for manufacturers of food and healthcare products. 

The CityU team beat more than 250 undergraduate teams to win the Hong Kong competition of the HSBC Young Entrepreneur Awards in April 2010, and a few months later secured the Best of the Best Award at the HSBC Young Entrepreneur Regional Awards in Malaysia, beating more than 1,000 teams from Bangladesh, Brunei, Hong Kong, Malaysia, Philippines and Thailand. In addition, two of the team members came in third with a similar proposal in the 5th Lee Kuan Yew Global Business Plan Competition organised by Singapore Management University last July, competing with over 800 tertiary students from 40 countries.

City U students' business plans win top international awards

City U students' business plans to market fish technology win top international awards

Hong Kong: Three students from different faculties at City University of Hong Kong (CityU) have created an award winning business plan aimed at marketing transgenic fish technology developed by scientists at CityU. 

The technology detects estrogen disruptors in food, pharmaceuticals, cosmetics and plastics in an efficient, cost-effective way. Estrogen disruptors are substances that interfere with the hormonal system in the body, a growing concern worldwide. The CityU researchers had found that their new testing mechanism was around 60% more efficient compared to existing chemical tests.

The three students - from the departments of marketing, manufacturing engineering and engineering management, and accountancy - formulated their business plan by drawing on their interdisciplinary knowledge, experience and learning to design a conceptual framework for manufacturers of food and healthcare products.

The CityU team beat more than 250 undergraduate teams to win the Hong Kong competition of the HSBC Young Entrepreneur Awards in April 2010, and a few months later secured the Best of the Best Award at the HSBC Young Entrepreneur Regional Awards in Malaysia, beating more than 1,000 teams from Bangladesh, Brunei, Hong Kong, Malaysia, Philippines and Thailand. In addition, two of the team members came in third with a similar proposal in the 5th Lee Kuan Yew Global Business Plan Competition organised by Singapore Management University last July, competing with over 800 tertiary students from 40 countries.