TheJakartaPost
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East Asia – China, Japan, and South Korea – is one of, if not the, most important centers of global economic and security gravity, amid the US’ concerted attempt to contain China’s domination in the region.
The Asian airline's biggest one-day share price plunge since the global travel industry ground to a halt in March 2020 because of COVID-19 came after its December quarter earnings missed market expectations on Tuesday.
The prospect of transforming ASEAN into a global production center is plausible, especially because of the exceptional competitiveness of regional commodities, particularly in the food and fisheries sectors.
The tourism industry is one of the industries hit hard by the COVID-19 pandemic since 2020. After three years, the tourism industry is showing a gradual recovery. Room occupancy rates in several areas have also shown good signs of recovery with several regions recording a pre-pandemic level.
Government spending in agriculture for instance has been sufficient but not effective. Most of the spending in 2022 went on subsidies for fertilizer and other inputs, less on research and development, irrigation and extension.
