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The Philippines has posted surprisingly low first quarter GDP growth of just 0.4%, far below previous government projections of 2.5%, creating significant cause for concern. However, too much alarm will only serve to amplify the already stinging effects of the US-led global economic turmoil. The country still controls the reigns over its economy primarily due to the fact that its underlying fundamentals, especially within its financial sector, have provided a cushion against external recessionary pressure.

Malaysia is looking to boost its role as a regional education centre, seeking to attract more foreign university students to its expanding network of tertiary facilities while also increasing the number of overseas universities with campuses based in the country.

While Thailand’s economy formally entered recession as of the end of the first quarter of the year, with exports falling sharply, many experts and officials believe the worst is over and recovery is within sight.

Blessed with stunning landscapes, white sand beaches, rich biodiversity and wonderful hospitality, the Philippines has all the key elements of a premier tourism destination. Yet, for all these natural qualities, the country is still struggling to build the necessary infrastructure to accommodate large numbers of tourists. It seems the government has recognised the underutilisation of its chief assets and is making strides in the expansion of the sector. However, the country is likely to continue serving niche markets until its ongoing infrastructure development is completed.

The development of a thriving media and creative content industry in Abu Dhabi remains an important issue not only for economic diversification and inward investment, but also for the emirate’s goal of becoming a cultural centre.