An Economics Division team consisting of Assistant Professor Yothin Jinjarak, Assistant Professor Chia Wai Mun and Dr Pradumna Rana were awarded an external research grant of JPY 7,000,000 from the ASEAN Secretariat (in conjunction with the ADB).

The team will be studying "The Trend of Trade, Foreign Direct Investment and Monetary Flows in East Asia and Its Policy Implications," They will be working with a lead institute from Japan (Nomura), and 2 other institutions from Indonesia and Philippines. There will be two meetings in Japan and the report will be presented to Asian central banks and finance ministers in April 2009.

Each year, approximately 10 or more institutions across Asia bid for this external grant. The Economics Division is happy that NTU won this year.

Congratulations, Yothin, Wai Mun and Rana. Kudos to you.