Women’s Empowerment Driving Growth

Women’s economic empowerment is an important economic, social and human rights issue for ASEAN.

Recent research by UN Women estimates the income cost to ASEAN economies of gender gaps in labour force and entrepreneurship equate to an average 17 per cent of GDP. A study by McKinsey Global Institute calculates that advancing gender equality could lift GDP by 8 per cent over the business-as-usual scenario, adding US$900 billion in additional annual output to the economies of East and South East Asia in 2025.

Survey Reports Surge In ASEAN Focus

In the last two years the share of Australian firms planning to significantly increase their presence in ASEAN has almost doubled, the AustCham ASEAN 2018 Annual Business Survey shows.

The recently published survey finds that about 87 per cent of Australian firms surveyed plan to increase their trade and or investment in ASEAN over the next five years. A strong 44 per cent said they plan to increase their presence significantly, almost double the share reflected in the 2016 survey.

  • Letters of Intent (LOI) to Invest Over $52M

    Department of Foreign Affairs (DFA) Secretary Alan Peter Cayetano witnessed a signing ceremony of the Letters of Intent (LOI) held at the Three International Towers in Barangaroo, Sydney, Australia.

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