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Homese asiaBig money, but little progress on South China Sea dispute, Myanmar crisis...

Big money, but little progress on South China Sea dispute, Myanmar crisis at Asean talks

JAKARTA – The regional summit of South-east Asian leaders concluded on Thursday with some strides made towards tackling the Myanmar crisis, little progress on the South China Sea territorial dispute, and a whopping US$38 billion (S$52 billion) worth of deals in the bag, analysts say.

Expectations were high that Indonesia – chair of the Association of South-east Asian Nations (Asean) in 2023 – would make breakthroughs in resolving the Myanmar conflict, given its vocal criticisms against the atrocities committed there after a military coup in 2021 wrested power from the democratically elected government. Indonesia is also a founding member of the 10-nation grouping, and the biggest.

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