Tuesday, September 25, 2007

Riding on ASEAN’s Growth Potential

South East Asian Stock Markets Offer Promising Returns Given The Region’s Excellent Growth Potential and Attractive Valuations.

The South East Asian region has forged ahead to grow at a robust pace in recent years. With a combined population base of 573 million people, the region’s economies have vast growth prospects given their strong manufacturing base, growing savings rates, favourable demographics and large consumer market. In addition, the South East Asian region is strategically located between the emerging giants of China and India.

Grouped together under the Association of South East Asian Nations (ASEAN) comprising Singapore, Indonesia, Thailand, Philippines, Malaysia, Myanmar, Vietnam, Laos, Brunei and Cambodia, ASEAN is among the fastest growing regions in the world with nominal Gross Domestic Product (GDP) growth averaging 9% annually since 2000. In per capita GDP terms, ASEAN residents have enjoyed a nominal growth of 6.8% per annum over the past six years, exceeding the average global per capita GDP growth of 5.4% per annum over the same period.

Source: Bloomberg


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