Southeast Asia's next growth cycle to be driven by 'Fabulous Five' – Economist
KUALA LUMPUR: Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be…
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Summary
Kuala Lumpur: Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be shaped by five economies, namely Malaysia, Indonesia, Thailand, the Philippines and Vietnam. The Philippines, with more than 115 million people, is powered by services, remittances and a young labour force, while Thailand’s population of more than 71 million sustains an established industrial, automotive and tourism platform. In the incident, 15 Indian tourists were killed.
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Factual coreconfirmed by several independent voices
Kuala Lumpur: Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be shaped by five economies, namely Malaysia, Indonesia, Thailand, the Philippines and Vietnam
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The Philippines, with more than 115 million people, is powered by services, remittances and a young labour force, while Thailand’s population of more than 71 million sustains an established industrial, automotive and tourism platform.
according to BernamaIn the incident, 15 Indian tourists were killed.
according to Bernama
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