EMIS: Seventh Edition
Welcome to the seventh edition of the EMIS Insights Monthly Newsletter – your premier destination for the most current updates on industry trends and company developments within emerging markets.
In this edition, we delve into the dynamic landscape of the ASEAN infrastructure sector. Across the economies of the Association of Southeast Asian Nations, infrastructure serves as the vital conduit through which investments, strategic initiatives, and human capital synergistically propel economic expansion and social progress.
Additionally, we take a look at the top emerging markets news, hand-picked by our editors.
Building Up Growth
By Jackson Tan, Industry Researcher, ASEAN
For economies in the Association of Southeast Asian Nations (ASEAN), infrastructure is the conduit that enables investments, organisational effort, and human capital to contribute to economic growth and social development. The worldwide crisis brought on by the COVID-19 pandemic caused economic contraction for most members of the trade bloc. With advancements in treatment, public health policies, and fundamental changes in social interactions, the region now undergoes a period of transformation as it recovers from losses experienced in 2020.
Integral to growth in the economic bloc is the expansion and modernisation of infrastructure. As advanced as Singapore is in terms of infrastructure, new policies are being crafted and implemented to bring the country into an era of sustainable energy use. A more cautious Malaysian government, burdened by debt in the wake of the pandemic, seeks to roll back its ambitious infrastructure plans, yet continues to invest in several major powerplants. Private infrastructure investment in Indonesia bounced back in 2021 with USD 1,272mn for projects in the sector. Indonesia also increased its infrastructure budget for 2021 by 47%. In Thailand, an intent to increase integration within the country and with its neighbours has directed infrastructure investments toward the Eastern Economic Corridor. With the?Build, Build, Build?programme, the use of the public-private partnership model resulted in the creation of 6.5mn jobs. The Vietnamese government recognises that it needs VND 900tn in infrastructure investment to expand and modernise its road and railway systems. Using funds from the Belt and Road Initiative, Vietnam constructed 11 power plants.
Disclaimer: Views mentioned are personal and belong to the author.
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ASEAN Infrastructure Sector Insights
As individual members of the ASEAN grapple with their own internal issues, the implementation of recovery policies in the near term will serve as a conduit to further economic development. Expansion of the transportation systems in Indonesia and Thailand further increases the opportunities for economic inclusion as less developed areas have access to the more industrialised markets and ports. The “Build, Build, Build” programme in the Philippines carries the potential to create even more opportunities for employment outside of the infrastructure sector, bringing far-flung provinces more efficient access to major commercial centers.
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Top Stories in Emerging Markets
Presenting our carefully curated selection of top stories, exclusively chosen by our editors:
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