Asean pioneers lay foundation for economic union with capital markets move

Three core members of the Association of South East Asian Nations (Asean) are pressing ahead to build a "near-seamless regional capital market" which they hope will be an early foundation stone in building a deep economic union across the bloc.

The move by Thailand, Malaysia and Singapore, is in line with recommendations published last week by a joint Asean-Asian Development Bank progress report on creating an Asean Economic Community.

The report, authored by a team led by eminent Korean profess