Asean urged to work together for 2015 integration

Phnom Penh (The Brunei Times/ANN) - The Secretary General of the Council for the Development of Cambodia (CDC) yesterday called on Asean member states to work collectively towards achieving the Asean Economic Community by 2015.

Sok Chenda Sophea, who chaired the 2nd Asean Investment Forum (AIF) held in Phnom Penh yesterday, said Asean members must think collectively to attract foreign direct investments in an increasingly volatile economy.

Events such as the eurozone crisis have changed the world's economic landscape, said Sok. "Whenever these changes occur, countries have to adapt to the new situation. So this forum is very timely for us to sit down together and see how can we take into account this new landscape to try to attract more investment (into Asean).

"In addition to this, individually, each country's job is to attract FDI. But at the same time, we must think collectively. Can we try to do something that is of interest to all of us?

"The focus is the Asean Community. The theme for this year's summit is 'One Community, One Destiny'. So let's make this concrete and do it together because a lot of observers seem to doubt that we can make it happen," he said.

During the 2nd Asean Investment Forum (AIF) yesterday, delegates discussed the formulation of an Asean Foreign Direct Investment (FDI) strategy amidst a changing economic landscape.

Heads of investment promotion agencies of Asean member states also looked into developing a common theme to market and promote Asean as a single integrated investment area.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Ayungin dilemma Ramon Casiple - Parallaxis
    Ayungin dilemma

    China faces a dilemma in Ayungin Shoal and other contested areas. If it waits for the ITLOS—which may decide against it—it would have tacitly bound itself to UNCLOS and risk a rogue state reputation if it asserts its claim in the South China Sea. If its militarily acts now, it may face international isolation. …

  • 48 nabbed in biggest anti-trafficking catch in Bongao VERA Files - The Inbox
    48 nabbed in biggest anti-trafficking catch in Bongao

    By Jake Soriano, VERA Files Bongao, Tawi-tawi—A team of Marines and policemen intercepted around noon Thursday 48 people, 12 of them minors, believed recruited by a human trafficking syndicate for work in Malaysia. The arrest constitutes what advocates called the … Continue reading → …

  • Docs vow to pay right taxes, make peace with BIR VERA Files - The Inbox
    Docs vow to pay right taxes, make peace with BIR

    By Kiersnerr Gerwin Tacadena, VERA Files Leaders of the medical profession have made peace with their former adversary, the Bureau of Internal Revenue (BIR), and joined forces in a campaign to get doctors to pay the right taxes. BIR Commissioner … Continue reading → …

POLL
Loading...
Poll Choice Options