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AEC seeks to end Japanese dominance

ASEAN Economic Community

ASEAN Economic Community

The implementation of ASEAN Economic Community (AEC) in 2015 is likely to reduce the dominance of big Japanese automakers in the region introducing a more level playing field. Smaller Japanese players such as Suzuki, Mitsubishi and Isuzu and new entrants will gain the most from the implementation of AEC, as the level playing field will make it easier to expand their presence and challenge incumbents. However, big Japanese OEMs are still likely to continue to lead the market. [Read more…]

Jamaica supports BRICS-Led Developmental Bank

BRICS Development Bank

BRICS Development Bank

Pretoria – The Government of Jamaica has come up in support of the establishment of the BRICS-led Developmental Bank.

Jamaican Minister of Foreign Affairs and Foreign Trade, Senator Arnold Joseph Nicholson, told the Minister of Trade and Industry, Rob Davies during their bilateral meeting in Jamaica on Friday that a BRICS Bank was good for Jamaica and that his country was in support of it. [Read more…]