NEWS

Hong Kong, Singapore lead world in economic freedom

Hong Kong and Singapore are once again the most economically-free jurisdictions in the world—although China’s heavy hand threatens Hong Kong’s top ranking, finds the Fraser Institute’s Economic Freedom of the World 2019 report. “While Hong Kong remains the most economically-free jurisdiction in the world, interference from China—including the violent crackdown of pro-democracy protests—severely threatens Hong Kong’s rule of law, which helps ensure […]

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Hong Kong, Singapore lead world in economic freedom

Hong Kong and Singapore are once again the most economically-free jurisdictions in the world—although China’s heavy hand threatens Hong Kong’s top ranking, finds the Fraser Institute’s Economic Freedom of the World 2019 report. “While Hong Kong remains the most economically-free jurisdiction in the world, interference from China—including the violent crackdown of pro-democracy protests—severely threatens Hong Kong’s rule of law, which helps ensure […]

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17.7% of ASEAN Economic Community Blueprint 2025 Implemented

Two years since the Consolidated Strategic Action Plan (CSAP) to implement the ASEAN Economic Community (AEC) Blueprint 2025 was agreed, more than half of the total 647 actions lines have been fully or partially fulfilled. Of these, 17.7% have been fully realized. In a report released by ASEAN Prosperity Initiative (API) on 26 September 2019 in Kuala Lumpur, Malaysia, which provided an external assessment […]

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A New Lens on Economic Freedom in ASEAN

Prosperity around the Southeast Asia region has risen fast in the last 50 years. More and more countries have moved away from communist and socialist economic policies, and instead opted for market-driven policies. Myanmar, long one of the most isolated economies, has opened up. Vietnam, Cambodia and Laos have moved decisively away from communist systems and especially Vietnam is now […]

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Rediscovering economic freedom grounded on the Quran and Sunnah

“While shari’a calls for the establishment of an order of economic freedom based on mutual consent and stringent consumer protection measures, the modern discipline of Islamic economics seems to have drifted in the opposite direction. With few exceptions, mainstream Islamic economics prefers to discuss poverty instead of wealth creation, income differences rather than prices, and the role of the state […]

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UNDERSTANDING ECONOMIC FREEDOM

While many champion the causes of political and social liberty, economic freedom is an often overlooked human right. We should work for freedom in all its forms. The freedom to produce, consume and exchange is key to guaranteeing individual liberties and other fundamental freedoms. Economic freedom has a strong record of fueling economic growth, raising living standards, and creating a […]

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MALAYSIA’S ROAD TO LIBERTY AND JUSTICE

With the recent victory of democracy in Malaysia, what are the prospects of the values of liberalism being upheld? The upcoming 3rd Liberalism Conference on 22 September 2018 in Kuala Lumpur will look at Malaysia’s standing in terms of rule of law, free markets, limited government, and individual liberty and responsibility, and see how meeting these parameters will contribute to […]

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DEVELOPMENT MEANS MORE PEOPLE LIVING A LIFE IN DIGNITY

“The basic idea of liberalism is that governments and societies should aim at giving more freedom to all the members of society,” said Dr. Ronald Meinardus, Regional Director for South Asia at the Friedrich Naumann Foundation for Freedom (FNF). “We believe that if you support economic freedom, you support development. If you are developed, more people will live a life […]

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DIGITAL SKILLS REQUIRED TO COPE WITH FOURTH INDUSTRIAL REVOLUTION

The business trend towards automation, machine learning, and artificial intelligence gives a notion of job losses. But the latest number in Germany, for instance, shows up to 90% of companies are looking for people. There is caveat, however. Digital skills are necessary to qualify. “We are seeing a gradual and evolutionary transition to digital business models. Naturally, businesses want to […]

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DOES DATA PROTECTION HINDER BUSINESS COMPETITIVENESS?

Data is central in the fourth industrial revolution or Industry 4.0. Given this, how does Europe’s General Data Protection Regulation (GDPR) impact companies’ competitiveness? As Industry 4.0 increases the value of data, integrating processes through data networking, GDPR’s impact comes further to light. The regulation, which came into effect on 25 May 2018, guarantees protection of personal data. While the […]

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