Although both nations have engaged with the region historically and continue to do so in the present day, their roles, influence, and staying power differ markedly.
While countries like Indonesia and Vietnam stride forward, Thailand seems to be treading water, encumbered by internal strife, inconsistent foreign policy, and economic inertia.
As Indonesia accelerates its march toward energy independence, President Prabowo Subianto's administration has made ambitious declarations: achieving full energy sovereignty within five years
For Asian countries outside the current BRICS framework, the stakes are high. Membership could mean enhanced access to financial resources, a larger voice in global institutions, and strengthened ties with emerging powers.
Turkey’s exchange-traded fund down 9.5% in year-to-date. Thai performance second worst at 6.5%.
ASEAN, comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, has become an increasingly vital partner for Korea in recent years.
Over the past 15 years, Europe’s trade frameworks have faltered, integration has stalled, and a number of its core political and economic ideas have failed under real-world pressure.
Even as Taiwan is described as potentially the most dangerous flashpoint in Asia, it is actually the fulcrum upon which the future of the Indo-Pacific — and by extension the global balance of power — may pivot.
Under President Prabowo’s administration, the government has pledged support for the development of the data centre sector to accelerate digital transformation and drive a technology-based economy.
Meeting on the sidelines of the recent Asian Development Bank’s annual gathering in Milan, Italy, the officials reiterated their support for a rules-based, free and fair multilateral trading system.