Advent of the Era of the AEC and Its Impacts on Singapore and Indonesia(44)

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

In this realistic angle, it is no wonder that a tough itinerary is forecasted on the way to the substantial realization of the AEC. In spite of the pessimism surfaced, the importance of the birth of a sizable single market shouldn't be underestimated. 

Along with Africa and South America, the ASEAN has been looked down on as a symbol of an underdeveloped area. Thus, major powers including America, the EU and China would remain invincible if the ASEAN members try to compete with them individually.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(7)

Recent startup boom across Southeast Asia

With the exception of Singapore, capital markets and legal and institutional systems for startups in the region aren't well devised and developed as well. 

However, venture capitals, symbols of adventurous money would remain indifferent unless they feel confident of more gains than losses by stepping into the digital frenzy in Southeast Asia. In this sense, a rosy outlook on the startup fad in Southeast Asia is likely to be maintained for the time being.