Deeper Economic Integration Needed To Achieve AEC 2025 Vision
The further removal of trade barriers, supportive national and regional policies, and investments in digitalisation are the key focus areas for ASEAN to achieve its ASEAN Economic Community (AEC) 2025 Vision. In a report titled “Reimagining ASEAN to 2025”, which examined ASEAN’s progress in realising the target, Deutsche Bank said the region was in a strong position with Indonesia, the Philippines and Vietnam expected to post a minimum of five per cent growth in 2017 and 2018. But for a highly prosperous, deeply integrated ASEAN to materialise, ongoing efforts to advance critical reforms have to be intensified within the next decade.
Malaysia Offers Vast Opportunities For Foreign Franchise Companies
Domestic Trade, Cooperatives and Consumerism Minister Datuk Hamzah Zainuddin said Malaysia offers vast opportunities for franchise companies from abroad, particularly ASEAN countries, to expand into the local market. Hfranchise industry in order to spur its growth. He added that Malaysia leads the franchise industry in the region and has an inclusive development plan to support the industry. He said Malaysia has a dedicated agency, Perbadanan Nasional Berhad to provide advice and financial assistance to franchisors and master franchisees to strengthen their capabilities.