Indonesia–Malaysia–Thailand Growth Triangle
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Indonesia–Malaysia–Thailand Growth Triangle
The Indonesia–Malaysia–Thailand Growth Triangle (IMT-GT) started as an early attempt at economic liberalisation & integration in ASEAN. It was formally endorsed by Indonesia’s President Suharto, Malaysia’s Prime Minister Tun Dr. Mahathir Mohammad and Thailand’s Prime Minister Chuan Leekpai in 1993. The IMT-GT is a strategic framework of international economic co-operation by the approval of leaders from the 3 countries to develop the area in the southern part of Thailand, some areas of Malaysia (Kedah, Perlis, Perak, Penang, Selangor, Kelantan, Melaka, Negeri Sembilan) and some areas of Indonesia (Aceh, North Sumatera, West Sumatera, Riau, Jambi, Bengkulu, Riau Islands, Bangka Belitung, Lampung) to become ‘the sub-region of continuous development, progress, wealth, peace and quality of life’ according to the five-year IMT-GT Roadmap ( 2007–2011). The Asian Development Bank subsequently undertook a detailed feasibility study & formulated the framework for co-operati ...
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ASEAN
ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration between its members and countries in the Asia-Pacific. The union has a total area of and an estimated total population of about 668million. ASEAN's primary objective was to accelerate economic growth and through that social progress and cultural development. A secondary objective was to promote regional peace and stability based on the rule of law and the principles of the UN Charter. With some of the fastest growing economies in the world, ASEAN has broadened its objective beyond the economic and social spheres. In 2003, ASEAN moved along the path similar to the European Union (EU) by agreeing to establish an ASEAN community that consists of three pillars: the ASEAN Security Community, the ...
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Jambi
Jambi is a province of Indonesia. It is located on the east coast of central Sumatra and spans to the Barisan Mountains in the west. Its capital and largest city is Jambi. The province has a land area of 50,160.05 km2, and a sea area of 3,274.95 km2. It had a population of 3,092,265 according to the 2010 census and 3,548,228 according to the 2020 census.Badan Pusat Statistik, Jakarta, 2021. The official estimate as at mid 2021 was 3,585,119.Badan Pusat Statistik, Jakarta, 2022. History Jambi was the site of the Melayu kingdom that engaged in trade throughout the Strait of Malacca and beyond. It was recorded as having sent a mission to China in 644 CE. It seems to have been annexed by Srivijaya by 685 CE, but seemingly tried to declare its independence in the 9th century. Jambi succeeded Palembang, its southern economic and military rival, as the major player in trade in the Malacca straits. After the 1025 Chola raids in Southeast Asia, Jambi still sent missions to C ...
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International Organizations Based In Asia
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization of ...
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Economy Of Thailand
The economy of Thailand is dependent on exports, which accounted in 2019 for about sixty per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$505 billion) in 2018, the 8th largest economy of Asia, according to the World Bank. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. The Thai economy was expected to post 3.8% growth in 2019. Its currency, the Thai Baht, ranked as the tenth most frequently used world payment currency in 2017. The industrial and service sectors are the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP. Thailand's agricultural sector produces 8.4 percent of GDP—lower than the trade and logistics and communication sectors, which account for 13.4 percent and 9.8 percent of GDP respectively. The construction and mining sector adds 4.3 percent to the ...
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Economy Of Indonesia
The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies. As a middle-income country and member of the G20, Indonesia is classified as a newly industrialized country. It is the 17th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Estimated at US$40 billion in 2019, Indonesia's Internet economy is expected to cross the US$130 billion mark by 2025. Indonesia depends on the domestic market and government budget spending and its ownership of state-owned enterprises (the central government owns 141 enterprises). The administration of prices of a range of basic goods (including rice and electricity) also plays a significant role in Indonesia's market economy. However, since the 1990s, the majority of the economy has been controlled by individual Indonesians and foreign companies. In the aftermath of the 1997 Asian financial crisis, the government took custody of a significant portion of private sect ...
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Maritime Southeast Asia
Maritime Southeast Asia comprises the countries of Brunei, Indonesia, Malaysia, the Philippines, Singapore, and East Timor. Maritime Southeast Asia is sometimes also referred to as Island Southeast Asia, Insular Southeast Asia or Oceanic Southeast Asia. The 16th-century term "East Indies" and the later 19th-century term " Malay Archipelago" are also used to refer to Maritime Southeast Asia. In Indonesia, the Old Javanese term "Nusantara" is also used as a synonym for Maritime Southeast Asia. The term, however, is nationalistic and has shifting boundaries. It usually only encompasses Peninsular Malaysia, the Sunda Islands, Maluku, and often Western New Guinea and excludes the Philippines. Stretching for several thousand kilometres, the area features a very large number of islands and boasts some of the richest marine, flora and fauna biodiversity on Earth. The main demographic difference that sets Maritime Southeast Asia apart from modern Mainland Southeast Asia is that it ...
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Timor Leste–Indonesia–Australia Growth Triangle
The Timor-Leste–Indonesia–Australia Growth Triangle (''TIA-GT'') is a combined initiative of the regions of Eastern Indonesia, Northern Australia, and the Democratic Republic of Timor-Leste. This initiative aims to promote and foster economic growth through integrated economic development in the region that these nations reside in. The growth triangle was created in 2012, after a meeting was held by former Indonesian president Susilo Bambang Yudhoyono with former Prime Minister of Australia Julia Gillard and former Timor-Leste Prime Minister Xanana Gusmao. The initiative aims to support economic, social, and cultural development primarily by attracting investment, developing manufacturing industries, enhancing human capital, and overall building a stronger cooperative relationship between the three countries involved. The initiative also aimed to accelerate the accession of Timor-Leste into the Association of Southeast Asian Nations (ASEAN) and to fulfill goals set by Timor-Le ...
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Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions locate ...
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Lampung
Lampung (Lampung: ), officially the Province of Lampung ( id, Provinsi Lampung) is a province of Indonesia. It is located on the southern tip of the island of Sumatra. It has a short border with the province of Bengkulu to the northwest, and a longer border with the province of South Sumatra to the north. It is the original home of the Lampung people, who speak their own language, and possess their own written script. Its capital is Bandar Lampung. The province covers a land area of 35,376 sq.km and had a population of 7,608,405 at the 2010 census, 9,007,848 at the 2020 census, and 9,081,792 according to the official estimates for mid 2021,with three-quarters of that being descendants of Javanese, Madurese, and Balinese migrants. These migrants came from more densely populated islands, in search of available land, as well as being part of the national government's Indonesian transmigration program, of which Lampung was one of the earliest and most significant transmigrati ...
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