Southeast Asian consumers unable to gain credit or access traditional banks are turning to neobanks. Conditions are ripe for these challengers to traditional financial institutions to make progress, although COVID-19 might threaten their disruptive potential.
The signing of the RCEP points to the potential power of Southeast Asia’s neutrality amid US-China tensions.
The 37th ASEAN Summit, which ended on November 15, saw member states adopt decisive and concrete measures to bolster internal and external cooperation and to overcome major challenges facing the regional bloc, including the COVID-19 pandemic.
Yet another storm has washed across the Philippines and into Vietnam, showing the severe reality of the climate crisis for Southeast Asia.
With the US election finally over and President-elect Joseph Biden set to enter the oval office, leaders across Southeast Asia have turned to what the next four years may hold for relations with the embattled superpower.
If the Philippine military wants to win its fight against Islamic extremism, it needs to work with the community rather than following a policy of going it alone.
The region faces the threat of increasing natural disasters as global warming makes extreme weather more likely.
The banned Filipino communist party has ordered its armed wing to attack Chinese firms in the country, saying Beijing’s infrastructure projects are displacing thousands and harming natural resources. The party’s actions could complicate Manila’s relationships with Beijing.
ASEAN has pushed to keep Southeast Asia out of the nuclear weapons race. However, with growing military interference from international actors, Southeast Asian countries may reconsider the choice in order to ensure their security.
The Islamic State extremist group has lost significant territory in the Middle East but the group continues to make headlines in Southeast Asia. How does it operate in the region and what impact is it having on local militant groups?