ASEAN economies poised to keep robust growth in 2013 (2)

Estimates made by the Bank of America-Merrill Lynch Research, show that the average ASEAN GDP growth will strengthen to 5.2 percent in 2012, from 4.7 percent last year. The regional grouping 's domestic demand is likely to be buoyed by infrastructure projects, which will be supported by inflows of foreign direct investments (FDIs).

Some notable infrastructure projects include the private-public partnership in Philippines, economic transformation program in Malaysia, mega public infrastructure projects such as the six Jakarta urban toll roads, subway trains and monorail network in Indonesia.

In Singapore, the government has committed 60 billion Singapore dollars (49.1 billion U.S. dollars) to double the mass rapid transit network. Other major infrastructure spending will include the construction of new port facilities as well as new airport terminal in the island-nation.

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