SEA's triple Rs

Asean & India: Underrated regions

Middle class strengths

Market gains: India v China

Tripwires in Asean

Deglobalisation, Trump & SEA

Factors to watch are increasing population, workforce and productivity.

Synopsis: Join The Straits Times’ senior columnist Ravi Velloor, as he distils his experience from four decades of covering the Asian continent.

In this episode, Ravi speaks with James Cheo, chief investment officer for Asean and India with HSBC Group Private Banking, on the glowing economic prospects for Asean and India amid weakening growth in the ageing countries of North-east Asia.

Mr Cheo is a former macroeconomist with Singapore’s central bank, Monetary Authority of Singapore. 

They discuss what’s driving growth in South-east Asia and India, growth being led by productivity and not just investments, and the potential pitfalls investors into these regions need to look out for.

They also discuss the likely impact of Donald Trump returning to the American presidency in January 2025.

Highlights (click/tap above):

3:10 The ‘Triple Rs’ powering South-east Asia

6:40 The new AI is all about Asean and India

9:50 The middle class is leading the way for both regions

11:00 India: 8 years of market gains in a row; Rupee stability great for investors

20:10 Asean’s tripwires

23:00 Deglobalisation challenge; Trump's return and South-east Asia

Host: Ravi Velloor (velloor@sph.com.sg)

Read Ravi's columns: https://str.sg/3xRP

Follow Ravi on X: https://twitter.com/RaviVelloor

Register for Asian Insider newsletter: https://str.sg/stnewsletters

Produced and edited by: Fa’izah Sani

Executive producer: Ernest Luis

Follow Asian Insider Podcast on Fridays here:

Channel: https://str.sg/JWa7 

Apple Podcasts: https://str.sg/JWa8 

Spotify: https://str.sg/JWaX 

Website: http://str.sg/stpodcasts 

Feedback to: podcast@sph.com.sg

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All-in-one ST Podcasts channel: https://str.sg/wvz7 

ST Podcast website: http://str.sg/stpodcasts 

ST Podcasts YouTube: https://str.sg/4Vwsa 

---

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The App Store: https://str.sg/icyB 

Google Play: https://str.sg/icyX 

---

#STAsianInsider

Factors to watch are increasing population, workforce and productivity.
Synopsis: Join The Straits Times&rsquo; senior columnist Ravi Velloor, as he distils his experience from four decades of covering the Asian continent.
In this episode, Ravi speaks with James Cheo, chief investment officer for Asean and India with HSBC Group Private Banking, on the glowing economic prospects for Asean and India amid weakening growth in the ageing countries of North-east Asia.
Mr Cheo is a former macroeconomist with Singapore&rsquo;s central bank, Monetary Authority of Singapore.&nbsp;
They discuss what&rsquo;s driving growth in South-east Asia and India, growth being led by productivity and not just investments, and the potential pitfalls investors into these regions need to look out for.
They also discuss the likely impact of Donald Trump returning to the American presidency in January 2025.
Highlights (click/tap above):
3:10 The &lsquo;Triple Rs&rsquo; powering South-east Asia
6:40 The new AI is all about Asean and India
9:50 The middle class is leading the way for both regions
11:00 India: 8 years of market gains in a row;&nbsp;Rupee stability great for investors
20:10 Asean&rsquo;s tripwires
23:00 Deglobalisation challenge;&nbsp;Trump's return and South-east Asia
Host: Ravi Velloor (<a href="mailto:velloor@sph.com.sg">velloor@sph.com.sg</a>)
Read Ravi's columns:<a href="https://str.sg/3xRP"> https://str.sg/3xRP</a>
Follow Ravi on X:<a href="https://twitter.com/RaviVelloor"> https://twitter.com/RaviVelloor</a>
Register for Asian Insider newsletter:<a href="https://str.sg/stnewsletters"> https://str.sg/stnewsletters</a>
Produced and edited by: Fa&rsquo;izah Sani
Executive producer: Ernest Luis
Follow Asian Insider Podcast on Fridays here:
Channel:<a href="https://str.sg/JWa7"> https://str.sg/JWa7</a>&nbsp;
Apple Podcasts:<a href="https://str.sg/JWa8"> https://str.sg/JWa8</a>&nbsp;
Spotify:<a href="https://str.sg/JWaX"> https://str.sg/JWaX</a>&nbsp;
Website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>&nbsp;
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel:<a href="https://str.sg/wvz7"> https://str.sg/wvz7</a>&nbsp;
ST Podcast website:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>&nbsp;
ST Podcasts YouTube:<a href="https://str.sg/4Vwsa"> https://str.sg/4Vwsa</a>&nbsp;
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store:<a href="https://str.sg/icyB"> https://str.sg/icyB</a>&nbsp;
Google Play:<a href="https://str.sg/icyX"> https://str.sg/icyX</a>&nbsp;
---
#STAsianInsider

Synopsis: Every Friday, get our distinct take on global issues with an Asian perspective, with ST’s globally-based correspondents.

Produced and edited by: Fa'izah Sani

Executive producer: Ernest Luis

A podcast by The Straits Times, SPH Media.

Synopsis: Every Friday, get our distinct take on global issues with an Asian perspective, with ST’s globally-based correspondents.
Produced and edited by: Fa'izah Sani
Executive producer: Ernest Luis
A podcast by The Straits Times, SPH Media.

Asian Insider

Synopsis: Almost every weekday, our ALL-IN-ONE channel showcases discussions on Singapore youth perspectives and social issues, geopolitics through an Asian lens, health, climate change, personal finance and career.

Follow our shows on your favourite audio apps Apple Podcasts, Spotify or even ST's app, which has a dedicated podcast player section.

Produced by podcast editor Ernest Luis & The Straits Times, SPH Media.

Synopsis: Almost every weekday, our ALL-IN-ONE channel showcases discussions on Singapore youth perspectives and social issues, geopolitics through an Asian lens, health, climate change, personal finance and career.
Follow our shows on your favourite audio apps Apple Podcasts, Spotify or even ST's app, which has a dedicated podcast player section.
Produced by podcast editor Ernest Luis &amp; The Straits Times, SPH Media.

The Straits Times Podcasts

The new AI stands for Asean and India

Making ends meet

Connecting via Tik Tok, Instagram, WhatsApp

Pandemic start; earning estimates

Prabowo govt: Challenges

A reporter's memories of first Jakarta stint

Want a dress ironed? A facial? A shirt darned? Or perhaps a coffee freshly brewed, right on your doorstep?

Synopsis: Every first Friday of the month, The Straits Times chats with ST’s global correspondents about life as it goes on, amid the screaming headlines and bubbling crises.

More services are being offered by Indonesians on motorcycles and bicycles.

Mr Subban has a sewing machine affixed to the table in front of his bicycle. Madam Desri Muliati irons clothes on a motorcycle, using a steam iron heated with a portable gas canister.

They are among Indonesia’s formidable force of informal workers that drive the economy, accounting for nearly 61 per cent of the country’s total labour force.

In this episode, ST’s foreign editor Li Xueying speaks with journalist Aqil Hamzah about the services that these workers provide, and why they eschew jobs in the formal sector. 

Highlights (click/tap above):

2:10 Making ends meet

3:32 Finding them on Tik Tok, Instagram and on WhatsApp

6:07 Getting started during the pandemic; how much do they roughly earn as part of this 'informal' economy?

8:46 Challenges for the new Prabowo government

15:30 A reporter intern’s observations about Indonesia; his first experience of Jakarta

Read Aqil Hamzah’s article here: https://str.sg/tQXq

Read Li Xueying’s articles: https://str.sg/iqmR

Follow Li Xueying on LinkedIn: https://str.sg/ip4x

Register for Asian Insider newsletter: https://str.sg/stnewsletters

Host: Li Xueying (xueying@sph.com.sg)

Edited by: Fa’izah Sani

Executive producer: Ernest Luis

Follow Asian Insider on Fridays here:

Channel: https://str.sg/JWa7

Apple Podcasts: https://str.sg/JWa8

Spotify: https://str.sg/JWaX

Feedback to: podcast@sph.com.sg

---

Follow more ST podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcast website: http://str.sg/stpodcasts

ST Podcasts YouTube: https://str.sg/4Vwsa

---

Get The Straits Times' app, which has a dedicated podcast player section:

The App Store: https://str.sg/icyB

Google Play: https://str.sg/icyX

---

#STAsianInsider

Want a dress ironed? A facial? A shirt darned? Or perhaps a coffee freshly brewed, right on your doorstep?
Synopsis: Every first Friday of the month, The Straits Times chats with ST’s global correspondents about life as it goes on, amid the screaming headlines and bubbling crises.
More services are being offered by Indonesians on motorcycles and bicycles.
Mr Subban has a sewing machine affixed to the table in front of his bicycle. Madam Desri Muliati irons clothes on a motorcycle, using a steam iron heated with a portable gas canister.
They are among Indonesia’s formidable force of informal workers that drive the economy, accounting for nearly 61 per cent of the country’s total labour force.
In this episode, ST’s foreign editor Li Xueying speaks with journalist Aqil Hamzah about the services that these workers provide, and why they eschew jobs in the formal sector. 
Highlights (click/tap above):
2:10 Making ends meet
3:32 Finding them on Tik Tok, Instagram and on WhatsApp
6:07 Getting started during the pandemic; how much do they roughly earn as part of this 'informal' economy?
8:46 Challenges for the new Prabowo government
15:30 A reporter intern’s observations about Indonesia; his first experience of Jakarta
Read Aqil Hamzah’s article here: <a href="https://str.sg/tQXq">https://str.sg/tQXq</a>
Read Li Xueying’s articles: <a href="https://str.sg/iqmR">https://str.sg/iqmR</a>
Follow Li Xueying on LinkedIn: <a href="https://str.sg/ip4x">https://str.sg/ip4x</a>
Register for Asian Insider newsletter:<a href="https://str.sg/stnewsletters"> https://str.sg/stnewsletters</a> 
Host: Li Xueying (<a href="mailto:xueying@sph.com.sg">xueying@sph.com.sg</a>)
Edited by: Fa’izah Sani
Executive producer: Ernest Luis
Follow Asian Insider on Fridays here:
Channel: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Apple Podcasts: <a href="https://str.sg/JWa8">https://str.sg/JWa8</a>
Spotify: <a href="https://str.sg/JWaX">https://str.sg/JWaX</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel: <a href="https://str.sg/wvz7">https://str.sg/wvz7</a>  
ST Podcast website: <a href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>  
ST Podcasts YouTube: <a href="https://str.sg/4Vwsa">https://str.sg/4Vwsa</a> 
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB">https://str.sg/icyB</a>
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>
---
#STAsianInsider

Dreams of Indonesia's informal workers

Trump's idea of bilateral trade deficit

A different world that Trump inherits now

What kind of globalisation is ever possible?

Trump shy to exercise hard power?

Why the US can't do everything anymore

Tricky Trump

The US’ President-elect inherits a world different from that in his first term.

Synopsis: The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.

Tariffs - as a weapon to restore and rejuvenate American jobs and manufacturing -  will be back with a vengeance in Donald Trump’s second term. So will competition with China, in the course of which performative support for Taiwan by hawks in Congress and Washington DC security circles may end up provoking Beijing and thus hurting Taiwan.  

Yet the US’ 47th President will inherit a world different from that of his first term in 2017 - one with more limits to American power. While some hawks in Washington see China as weak and advocate that the US should do everything it can to push it over the edge, realists understand the US can no longer do everything. 

From the perspective of South-east Asia, it is imperative to defuse the zero-sum mentality of US-China competition. Faced with the disruptive effects of tariffs, this  region has to also find ways to go back to a kind of globalisation that works for everyone. 

These are some of the challenges, and currents, that the next American President and the US' trade partners and allies must navigate and adapt to, as a new era looms in Washington DC. 

In this episode of Asian Insider, Nirmal hosts Danny Quah, Professor of Economics and Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, and Robert Manning, Distinguished Fellow at the Stimson Center in Washington, DC, who is working on the think tank’s Strategic Foresight and China programmes.

They share their perspectives from opposite sides of the world, on the foreign policy of the Donald Trump 2.0 Administration. 

Highlights (click/tap above): 

2:51 Defusing the zero-sum game; what is Trump's idea of a bilateral trade deficit?

6:47 Trump inheriting a very different world now in his second term

13:17 Is there a kind of globalisation that can work for everyone?

16:34 Why Donald Trump is not shy to exercise hard power 

18:02 China weak? Why the US can't do everything anymore

23:54 What makes Trump so tricky to work with?

Follow Nirmal Ghosh on X: https://str.sg/JD7r

Read Nirmal Ghosh's articles: https://str.sg/JbxG

Register for Asian Insider newsletter: https://str.sg/stnewsletters

Host: Nirmal Ghosh (nirmal@sph.com.sg)

Produced and edited by: Fa’izah Sani

Executive producer: Ernest Luis

Follow Asian Insider on Fridays here:

Channel: https://str.sg/JWa7

Apple Podcasts: https://str.sg/JWa8

Spotify: https://str.sg/JWaX

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

---

Follow more ST podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcast website: http://str.sg/stpodcasts

ST Podcasts YouTube: https://str.sg/4Vwsa

---

Get The Straits Times' app, which has a dedicated podcast player section:

The App Store: https://str.sg/icyB

Google Play: https://str.sg/icyX

---

#STAsianInsider

The US’ President-elect inherits a world different from that in his first term.
Synopsis: The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.
Tariffs - as a weapon to restore and rejuvenate American jobs and manufacturing -  will be back with a vengeance in Donald Trump’s second term. So will competition with China, in the course of which performative support for Taiwan by hawks in Congress and Washington DC security circles may end up provoking Beijing and thus hurting Taiwan.  
Yet the US’ 47th President will inherit a world different from that of his first term in 2017 - one with more limits to American power. While some hawks in Washington see China as weak and advocate that the US should do everything it can to push it over the edge, realists understand the US can no longer do everything. 
From the perspective of South-east Asia, it is imperative to defuse the zero-sum mentality of US-China competition. Faced with the disruptive effects of tariffs, this  region has to also find ways to go back to a kind of globalisation that works for everyone. 
These are some of the challenges, and currents, that the next American President and the US' trade partners and allies must navigate and adapt to, as a new era looms in Washington DC. 
In this episode of Asian Insider, Nirmal hosts Danny Quah, Professor of Economics and Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, and Robert Manning, Distinguished Fellow at the Stimson Center in Washington, DC, who is working on the think tank’s Strategic Foresight and China programmes.
They share their perspectives from opposite sides of the world, on the foreign policy of the Donald Trump 2.0 Administration. 
Highlights (click/tap above): 
2:51 Defusing the zero-sum game; what is Trump's idea of a bilateral trade deficit?
6:47 Trump inheriting a very different world now in his second term
13:17 Is there a kind of globalisation that can work for everyone?
16:34 Why Donald Trump is not shy to exercise hard power 
18:02 China weak? Why the US can't do everything anymore
23:54 What makes Trump so tricky to work with?
Follow Nirmal Ghosh on X:<a href="https://str.sg/JD7r"> https://str.sg/JD7r</a>
Read Nirmal Ghosh's articles:<a href="https://str.sg/JbxG"> https://str.sg/JbxG</a>
Register for Asian Insider newsletter:<a href="https://str.sg/stnewsletters"> https://str.sg/stnewsletters</a>
Host: Nirmal Ghosh (<a href="mailto:nirmal@sph.com.sg">nirmal@sph.com.sg</a>)
Produced and edited by: Fa’izah Sani
Executive producer: Ernest Luis
Follow Asian Insider on Fridays here:
Channel: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Apple Podcasts: <a href="https://str.sg/JWa8">https://str.sg/JWa8</a>
Spotify: <a href="https://str.sg/JWaX">https://str.sg/JWaX</a>
Website: <a href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel: <a href="https://str.sg/wvz7">https://str.sg/wvz7</a>  
ST Podcast website: <a href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>  
ST Podcasts YouTube: <a href="https://str.sg/4Vwsa">https://str.sg/4Vwsa</a> 
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB">https://str.sg/icyB</a>  
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>  
---
#STAsianInsider

Brace for turbulence: China, South-east Asia and Trump 2.0

Need for a forward-looking US trade agenda

FDI decline in Asia, except Asean

US & Asean investors: Much potential

Singapore driving digital economy train

When govts can't act, business must

While there is concern over trade policy, US investors remain bullish on business with Asean.  

Synopsis: The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.

With President-elect Donald Trump intent on using tariffs as a weapon - with the larger strategy of rejuvenating American manufacturing - there is concern that the US could retaliateagainst countries that have a big trade surplus with the United States.

Within the 10-nation Asean bloc, Vietnam, Malaysia, and Thailand could become targets. 

But Asean's growth and competitiveness remains attractive regardless. From 2022 to 2023, for example, foreign direct investment (FDI) declined in all regions of Asia except Asean. More broadly, intra-regional trade in Asia is expected to rise by 65% to US$400 billion (S$535 billion) a year by 2030, which is a good sign for US and Asean investors.

Growth opportunities include artificial intelligence, semiconductor production, digital commerce, medical devices, and mineral supply chains - and Asean countries are competing for investment. 

In this episode, Ted Osius, a former US Ambassador to Vietnam and currently President and CEO of the US-Asean Business Council in Washington DC, shares with host Nirmal Ghosh, the business council’s concerns and wish list, and also why he thinks that, regardless of US government policy, investors are bullish on South-east Asia. 

Highlights (click/tap above): 

4:10 The wish for a forward-looking US trade agenda remains as this region moves forward

7:23 From 2022 to 2023, FDI declined in all regions of Asia, except Asean

10:05 Which Asean countries are making real efforts to attract FDI?

12:48 Growth opportunities for US and Asean investors

13:30 Singapore a leading force in Asean, driving the digital economy framework

Follow Nirmal Ghosh on X: https://str.sg/JD7r

Read Nirmal Ghosh's articles: https://str.sg/JbxG

Register for Asian Insider newsletter: https://str.sg/stnewsletters

Host: Nirmal Ghosh (nirmal@sph.com.sg)

Produced and edited by: Fa’izah Sani

Executive producer: Ernest Luis

Follow Asian Insider on Fridays here:

Channel: https://str.sg/JWa7

Apple Podcasts: https://str.sg/JWa8

Spotify: https://str.sg/JWaX

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

---

Follow more ST podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

ST Podcast website: http://str.sg/stpodcasts

ST Podcasts YouTube: https://str.sg/4Vwsa

---

Get The Straits Times' app, which has a dedicated podcast player section:

The App Store: https://str.sg/icyB

Google Play: https://str.sg/icyX

---

#STAsianInsider

While there is concern over trade policy, US investors remain bullish on business with Asean.  
Synopsis: The Straits Times' global contributor Nirmal Ghosh shines a light on Asian perspectives of global and Asian issues with expert guests.
With President-elect Donald Trump intent on using tariffs as a weapon - with the larger strategy of rejuvenating American manufacturing - there is concern that the US could retaliate against countries that have a big trade surplus with the United States.
Within the 10-nation Asean bloc, Vietnam, Malaysia, and Thailand could become targets. 
But Asean's growth and competitiveness remains attractive regardless. From 2022 to 2023, for example, foreign direct investment (FDI) declined in all regions of Asia except Asean. More broadly, intra-regional trade in Asia is expected to rise by 65% to US$400 billion (S$535 billion) a year by 2030, which is a good sign for US and Asean investors.
Growth opportunities include artificial intelligence, semiconductor production, digital commerce, medical devices, and mineral supply chains - and Asean countries are competing for investment. 
In this episode, Ted Osius, a former US Ambassador to Vietnam and currently President and CEO of the US-Asean Business Council in Washington DC, shares with host Nirmal Ghosh, the business council’s concerns and wish list, and also why he thinks that, regardless of US government policy, investors are bullish on South-east Asia. 
Highlights (click/tap above): 
4:10 The wish for a forward-looking US trade agenda remains as this region moves forward
7:23 From 2022 to 2023, FDI declined in all regions of Asia, except Asean
10:05 Which Asean countries are making real efforts to attract FDI?
12:48 Growth opportunities for US and Asean investors
13:30 Singapore a leading force in Asean, driving the digital economy framework
Follow Nirmal Ghosh on X:<a href="https://str.sg/JD7r"> https://str.sg/JD7r</a>
Read Nirmal Ghosh's articles:<a href="https://str.sg/JbxG"> https://str.sg/JbxG</a>
Register for Asian Insider newsletter:<a href="https://str.sg/stnewsletters"> https://str.sg/stnewsletters</a>
Host: Nirmal Ghosh (<a href="mailto:nirmal@sph.com.sg">nirmal@sph.com.sg</a>)
Produced and edited by: Fa’izah Sani
Executive producer: Ernest Luis
Follow Asian Insider on Fridays here:
Channel: <a href="https://str.sg/JWa7">https://str.sg/JWa7</a>
Apple Podcasts: <a href="https://str.sg/JWa8">https://str.sg/JWa8</a>
Spotify: <a href="https://str.sg/JWaX">https://str.sg/JWaX</a>
Website: <a href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel: <a href="https://str.sg/wvz7">https://str.sg/wvz7</a>  
ST Podcast website: <a href="http://str.sg/stpodcasts">http://str.sg/stpodcasts</a>  
ST Podcasts YouTube: <a href="https://str.sg/4Vwsa">https://str.sg/4Vwsa</a> 
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB">https://str.sg/icyB</a>  
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>  
---
#STAsianInsider

The new AI stands for Asean and India

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