• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.31-38
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• 2021

The study investigates the diversification behavior of Islamic stocks against US financial uncertainty. Considering limitations found in the literature, a comprehensive index of financial uncertainty (FU) is used, developed by Jurado, Ludvigson, and Ng (2015). The empirical analysis uses monthly data from four Islamic markets - Saudi Arabia, Malaysia, Indonesia, and Turkey - for the period from January 2010 to September 2019. Results of the bivariate EGARCH models show that Islamic stocks can be used for diversification purpose against the financial uncertainty of the US because the volatility of US uncertainty does not propagate in the Islamic stock markets. Moreover, findings show that the spillover effect of financial uncertainty varies with the FU forecast horizon. The spillover effect of FU increases with an increase in the FU forecast horizon and becomes significant over 3-month and 12-month periods in the case of Saudi Arabia. The current volatility of Islamic stock returns is independent of the size of shocks in past volatility. The leverage effect and asymmetry have been found in Saudi Arabia and Malaysia. The findings validate the arguments of the literature that Islamic markets are resilient facing uncertainties and perform well during crisis periods. The findings are important for investors in making better portfolio decisions.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.4
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• pp.409-417
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• 2022

This research uses a panel data set of selected developed and emerging economies to investigate the relationship between firm value and the Islamic label. A low-debt company is a proxy for excellent governance, and good governance has a significant positive impact on a company's valuation. We can claim that the Islamic label may also be a proxy for excellent governance and will significantly impact a company's economic value because it reflects low debt Sharia-compliant companies. To explore this relationship, cross-country data from non-financial enterprises in Pakistan, the United States, Malaysia, and Indonesia was acquired from 2010 to 2015. The study's findings indicate that the Islamic label has a positive significant impact on the firm's worth in the whole sample, including all countries. With the exception of the United States, we have also collected the same information at the country level. We also discovered that the corporate governance index at the firm level has a positive significant impact on firm value. The findings show that the Islamic label reflects good governance and hence can be used as a proxy for good governance. The analysis differentiates between Islamic labeled and conventional enterprises in developed and emerging nations, adding to our understanding of who contributes to enhanced corporate financial performance.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.2
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• pp.313-324
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• 2022

The Chinese outward foreign direct investment (OFDI) involves various bilateral trade agreements and regional agreements signed between China and other countries. This study examines the impact of Chinese OFDI in ASEAN-5 countries through ASEAN-China Free Trade Agreement (ACFTA) namely Indonesia, Malaysia, Philippines, Singapore, and Thailand from 2000 to 2016. This study attempts to address three research objectives. The first is to examine the motives for China's investment in ASEAN-5. The second is to explore the different impacts of China's investment across countries. The third is to investigate whether the OFDI conducted by state-owned enterprises (SOEs) will produce different impacts on the firm's efficiency score. Using the DEA approach, this study finds evidence that the overall Chinese OFDI is relatively efficient. We find that the estimated efficiency score of this OFDI has improved in pre- and post ACFTA where a higher overall efficiency score was reported when comparing pre- and post ACFTA signing for both SOEs and NSOEs. Finally, China's parent firms' efficiencies showed higher scores among NSOEs compared to SOEs after the signing of ACFTA for all ASEAN countries except Malaysia. We highlight that the country's institutional infrastructure, earlier investment presence, and diplomatic ties help in shaping an effective trade agreement.

• Fisheries and Aquatic Sciences
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• v.27 no.7
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• pp.434-446
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• 2024

The efficacy of Chromolaena odorata leaf flour components (CO) to increase the growth performance, non-specific immune activity, and resistance against Vibrio parahaemolyticus of whiteleg shrimp (Litopenaeus vannamei) culture was evaluated. To this purpose, whiteleg shrimp post larvae were fed on diets supplemented with 0 and a 1.5 g CO/kg diet for 45 days in a pond. After feeding trials, the shrimps were identified for their growth parameters, collected, and injected with V. parahaemolyticus, then their non-specific immune activity and resistance to V. parahaemolyticus was observed for 14 days. Findings showed that CO increased the average body weight (7.71 g, 37%), weight gain (7.69 g, 40%), and specific growth rate (13.23%/day, 5.7%) as compared to the control. In addition, CO supplementation also increases shrimp's hematologic and immune activity (total hemocyte counts [6.8 × 10⁷ CFU/mL, 242.9%], differential hemocyte counts [27%, 142.1%], and prophenoloxidase activity [0.085%, 566.7%]). Finally, shrimp resistance to V. parahaemolyticus infection also increased after CO supplementation, with survival rates of 73.33% as compared to 23.33% for the control. It suggests that C. odorata leaf flour component supplementation at an optimal dose in the diet may be an effective strategy to increase growth and resistance to bacterial disease with reduced mortality in shrimp farms.

• Asian Pacific Journal of Cancer Prevention
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• v.13 no.2
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• pp.407-409
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• 2012

The ACTION (Asean CosTs In ONcology) Study will be one of the largest observational studies of the burden of cancer ever conducted in Asia. The study will involve 10,000 newly diagnosed patients with cancer and will be carried out across eight low- and middle income countries within the ASEAN region (Indonesia, Thailand, Malaysia, Cambodia, Myanmar, Viet Nam, Laos and the Philippines). Patients will be interviewed three times over 12 months to assess their health, use of health care services, out of pocket costs related to their illness, social and quality of life issues. The project is a collaboration between the George Institute for Global Health, the ASEAN Foundation and Roche. The aim of the study is to assess the health and socioeconomic impact of cancer on patients in ASEAN communities, and the factors that may impact on these outcomes.

• Journal of Preventive Medicine and Public Health
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• v.47 no.4
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• pp.183-200
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• 2014

Cancer is a major cause of mortality and morbidity throughout the world, including the countries of North-East and South-East Asia. Assessment of burden through cancer registration, determination of risk and protective factors, early detection and screening, clinical practice, interventions for example in vaccination, tobacco cessation efforts and palliative care all should be included in comprehensive cancer control programs. The degree to which this is possible naturally depends on the resources available at local, national and international levels. The present review concerns elements of cancer control programs established in China, Taiwan, Korea, and Japan in North-East Asia, Viet Nam, Thailand, Malaysia, and Indonesia as representative larger countries of South-East Asia for comparison, using the published literature as a guide. While major advances have been made, there are still areas which need more attention, especially in South-East Asia, and international cooperation is essential if standard guidelines are to be generated to allow effective cancer control efforts throughout the Far East.

• 한국신재생에너지학회:학술대회논문집
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• 2007.06a
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• pp.602-605
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• 2007

Soybean and rape seed are common feedstocks for biodiesel product ion in USA and Europe, respectively. On the other hand, South Eastern countries like Malaysia and Indonesia have surplus palm crops. However due to substantial amount of saturated fats in palm, the palm biodiesel has poor low temperature properties. To improve the low temperature flow properties as biodiesel, the dependence of the cold filter plugging point (CFPP) on the fatty acid compositions was examined. Two different kinds of biodiesels, palm and soybean biodiesels, were blended with the different volume ratios. And the low temperature flow properties of 0.5%, 1%, and 5% biodiesel in diesel blend fuels was tested. The decrease of CFPP was not observed for BD1 with Palm BD. Also, WDI test didn't exceed in the range of 4oC by the mixing of Palm BD upto 5% in commercial diesels.

• International Commerce and Information Review
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• v.11 no.2
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• pp.111-126
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• 2009

This study analysed determinants of Foreign Direct Investment to ASEAN+ 3 member nations using panel data for which cross-sectional data are combined with time series data. The data for the analysis included the amount of FDI, GDP, and indexes of economic independence. This study collected data from six nations(Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam) whose data were easily available, China and Japan from 2003 to 2007 and analysed them. The results are summarized as follows: Using the pooled OLS method, we found Model 2 had the highest explanatory power whose adjusted R-squared was 89.4%, which accounted for about 89% of foreign investment. Using the fixed effect model, Model 2 had the highest explanatory power whose adjusted R-squared was 96.8%, which accounted for about 97% of foreign investment. Using the probability effect model, Model 5 had the highest explanatory power, but in respect to its statistical significance, only GDP was 1% significant and the rest variables had no significance.

• East Asian Economic Review
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• v.17 no.2
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• pp.103-128
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• 2013

This paper analyzes the dynamics and nature of regional business cycle synchronization for East Asian countries in the period of 2000:Q1-2011:Q4. Estimating a dynamic two-factor model extracts the common factor and the nation-specific factor from both the macroeconomic aggregates and plausible driving forces of regional business cycles. Evidence for regional business cycle synchronization is particularly strong for Korea, Malaysia and the Philippines, while Japan shows weak evidence of regional synchronization. On the other hand, Indonesia, Thailand, Singapore and China are decoupling from regional business cycles. The driver of monetary aggregate is the most significant determinant of regional fluctuations of macroeconomic aggregates, whereas oil price and productivity are on average important driving forces of nation-specific fluctuations of real economic activities.

• Asian-Australasian Journal of Animal Sciences
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• v.13 no.2
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• pp.265-276
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• 2000

Crop-animal systems which form the backbone of agriculture in the tropics are discussed with reference to their characteristics, economic importance of animals, genesis and types of crop-animal systems, relevance and potential importance, and priorities for research and development. These production systems are found across all agroecological zones: rain-fed temperate and highland systems, semi-arid and arid tropics, and sub-humid and humid tropics: the last four are priority areas in Asia. The potential importance of these systems in Asia is reflected in their advantages, synergism and complimentarity, economic benefits and contribution to sustainability. Illustrative case studies are cited which are appropriate to the two broad types of mixed farming systems: systems combining animals and annual cropping, and systems combining animals with perennial cropping with reference to Indonesia, Philippines, Malaysia, Sri Lanka, China and Nigeria. Priorities for research and development should address more complete use of the animal genetic resources, intensive utilisation of the feed resources, development-oriented utilisation of research results, minimizing animal diseases, and implementation of appropriate institutional and policy issues.