Finance Minister reports on ASEAN + 3 Summit

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Finance Minister reports on ASEAN + 3 Summit



BANGKOK, 6 May 2016 (NNT) – The Minister of Finance has expressed confidence the ASEAN, China, Japan and South Korea, or ASEAN + 3 economic bloc, will continue to grow and could become a major driver for the world economy.

Finance Minister Apisak Tantiworawong has reported on discussions held at ASEAN + 3 Finance Ministers’ and Central Bank Governors summit, which took place in Frankfurt, Germany earlier this month. He disclosed that attendants to the meeting agreed that the economic collaboration will continue to grow and is an integral part of the world economy.

While they voiced confidence the world economy can return to a growth track, they acknowledged risk factors such as fluctuating currency values, dropping consumer goods prices and low inflation. Both the Asia Development Bank and the ASEAN + 3 Economic Research Bureau have said that ASEAN + 3 countries should accelerate infrastructure development to enhance their growth potential and set policies that factor in a volatile world economy.

Apisak revealed that a program to create an Asian bank note market to serve as an alternative savings option has seen 5 currencies, namely; the Rupiah, Singapore Dollar, Dong and Philippine Peso, approved to serve as a collateral for a total 888 million US dollars of accounts.


-- NNT 2016-05-06

[Pib]

Apisak revealed that a program to create an Asian bank note market to serve as an alternative savings option has seen 5 currencies, namely; the Rupiah, Singapore Dollar, Dong and Philippine Peso, approved to serve as a collateral for a total 888 million US dollars of accounts.

Wonder why the almighty baht was not one of the approved currencies?

[phoenixdoglover]

Platitudes for the masses.

[ScotBkk]

Another Pink Elephant is my Forecast !!!!!

Sent from my iPhone using Tapatalk

[Brer Fox]

Apisak revealed that a program to create an Asian bank note market to serve as an alternative savings option has seen 5 currencies, namely; the Rupiah, Singapore Dollar, Dong and Philippine Peso, approved to serve as a collateral for a total 888 million US dollars of accounts.

Wonder why the almighty baht was not one of the approved currencies?

Yes, also wonder why! Interesting the Vietnam dong gets a mention but no baht. Sign of the times.

[Srikcir]

Some countries will continue to grow and could become a major driver for the world economy.

What a completely useless summit if that's all that comes out of it.

But of course being held in Germany does come with perks on taxpayer backs.

Let's do it again soon .

[freedom4life]

globalization is a failure,,especially since the intent is diabolical...we know what you're up to..

[Hawk]

Apisak revealed that a program to create an Asian bank note market to serve as an alternative savings option has seen 5 currencies, namely; the Rupiah, Singapore Dollar, Dong and Philippine Peso, approved to serve as a collateral for a total 888 million US dollars of accounts.

Wonder why the almighty baht was not one of the approved currencies?

It seems the other 3 countries, China, Japan, South Korea did not want to be included!

[Hawk]

The Minister of Finance has expressed confidence the ASEAN, China, Japan and South Korea, or ASEAN + 3 economic bloc, will continue to grow and could become a major driver for the world economy.

ASEAN is sick both politically and economically and will therefore have relatively minor importance in the world economy.