Why Should We Care About the Indo-Pacific?

In Ep. 139, Ray Powell, Jim Carouso and guest co-host Nydia Ngiow of BowerGroupAsia sit down with Sir Nicholas Moore, the former Macquarie Group CEO who authored Australia’s Southeast Asia Economic Strategy to 2040 - the landmark report designed to expand Australian trade and investment across ASEAN.Sir Nicholas explains why Australian companies have historically overlooked Southeast Asia in favor of North America and Europe, even as the region’s economies grow at 5-7% annually. He reveals that 50 of the report’s 75 recommendations have already been acted upon by six Australian government ministries, signaling serious political commitment from the top.The conversation covers the 10 priority sectors identified in the strategy, including education, green energy, infrastructure, digital economy, agriculture and mining, with Moore highlighting examples like Australian universities establishing campuses across Vietnam, Indonesia and Malaysia, and deal teams in Jakarta, Singapore and Ho Chi Minh City helping investors navigate unfamiliar markets.Nydia brings the Southeast Asian perspective, probing how new trade agreements between Indonesia and the EU, Canada and the US could affect Australia’s competitive position, and what Australia needs to do domestically, including streamlining its Foreign Investment Review Board, to attract more inbound ASEAN investment.The discussion turns to the bigger geopolitical picture: China’s export surge into Southeast Asia, US tariff disruptions and the “China plus one” diversification trend that accelerated after COVID. Sir Nicholas offers a notably calm take on US tariffs, comparing their effect to a goods and services tax and suggesting the impact on ASEAN economies may be manageable. He closes by praising Southeast Asian governments’ flexibility and adaptability in responding to shifting global trade dynamics.Essential listening for anyone tracking Indo-Pacific economic integration, ASEAN investment opportunities, Australia-Southeast Asia relations, US-China trade competition, and supply chain diversification in the region.👉 Follow us on X, @IndoPacPodcast, LinkedIn, or Facebook👉 Follow Ray Powell on X, @GordianKnotRay, or LinkedIn, or check out his maritime transparency work at SeaLight👉 Follow Jim Carouso on LinkedIn👉 Sponsored by BowerGroupAsia, a strategic advisory firm that specializes in the Indo-Pacific

Former Acting Director of the Defense Intelligence Agency David Shedd joins hosts Ray Powell and Jim Carouso to discuss his bestselling book “The Great Heist: China’s Epic Campaign to Steal America’s Secrets.” Shedd reveals how China has executed the largest illicit wealth transfer in history - an estimated $600 billion per year in stolen Intellectual Property - and why it matters to everyone from Main Street workers to Indo-Pacific allies.In Ep. 138, Shedd breaks down China’s “capture, cage, and kill” strategy that lures Western companies with market access, traps them with restrictive laws, then undercuts them with cheaper copies of their own technology. He traces the campaign from Deng Xiaoping’s 1984 vision through Made in China 2025 and explains how two false Western assumptions - that China would play by WTO rules and eventually democratize - left the door wide open.The conversation covers the Tesla-to-BYD pipeline, the sale of advanced Nvidia chips, China’s hypersonic breakthroughs built on stolen stealth technology, Salt Typhoon and Volt Typhoon cyber intrusions embedded in critical infrastructure, and what allies like Japan, South Korea, Australia, and the Philippines are doing - or not doing - to respond. Shedd also delivers a direct simulated intelligence briefing to U.S. President Donald Trump ahead of his planned Beijing summit, warning that China’s Ministry of State Security now fields over 300,000 operatives with a dedicated bureau targeting the United States.This podcast is essential listening for policymakers, business leaders, academics, and anyone concerned about the intersection of economic security, technology competition, and the future of the Indo-Pacific.👉 Follow us on X, @IndoPacPodcast, LinkedIn, or Facebook👉 Follow Ray Powell on X, @GordianKnotRay, or LinkedIn, or check out his maritime transparency work at SeaLight👉 Follow Jim Carouso on LinkedIn👉 Sponsored by BowerGroupAsia, a strategic advisory firm that specializes in the Indo-Pacific

Despite sweeping US tariffs, a landmark Supreme Court ruling, and ongoing trade policy uncertainty, businesses in Southeast Asia are holding firm. In this episode, hosts Ray Powell and Jim Carouso sit down with retired Ambassador Brian McFeeters, President and CEO of the US-ASEAN Business Council, to explore what shifting US trade policies mean for companies operating across the region.Brian reveals why Southeast Asia remains a compelling destination for business investment. The region is now the world’s fourth largest economy, growing 25% faster than most other regions, with a young, digitally savvy population driving explosive growth in technology, financial services and healthcare. Vietnam, Indonesia and the Philippines - the “VIP” countries - are leading the charge.The conversation digs into the real impact of tariffs and the Supreme Court decision that struck them down, why non-tariff barriers like local content requirements matter more to companies than headline tariff rates, how Indonesia’s new trade agreement with the US could reshape market access, and whether Chinese competitors are gaining an edge in cloud services and infrastructure.Brian also discusses ASEAN’s promising digital economic framework agreement, which could codify free data flows across the region, and explains why Southeast Asia is seen as the most fertile ground in the world for deploying artificial intelligence - with welcoming government policies and none of the regulatory friction seen in Europe.Whether you follow trade policy, supply chain strategy, or emerging market opportunities, this episode offers a ground-level view of how business actually gets done in one of the world’s fastest-growing regions.👉 Follow us on X, @IndoPacPodcast, LinkedIn, or Facebook👉 Follow Ray Powell on X, @GordianKnotRay, or LinkedIn, or check out his maritime transparency work at SeaLight👉 Follow Jim Carouso on LinkedIn👉 Sponsored by BowerGroupAsia, a strategic advisory firm that specializes in the Indo-Pacific

The war in Iran has sent shockwaves through global energy markets - and no region feels it more acutely than the Indo-Pacific. In this episode, co-hosts Ray Powell and Nydia Ngiow sit down with Paul Everingham, CEO of the Asia Natural Gas & Energy Association (ANGEA), who joins after spending two days at the Indo-Pacific Energy Security Ministerial in Tokyo.​With the Persian Gulf’s Strait of Hormuz effectively closed, roughly 20% of the world’s oil supply and a significant share of global liquid natural gas (LNG) exports are blocked. Paul explains that 70% of Asia’s oil originates in the Middle East, meaning every country in the region is exposed. On the natural gas side, South Asian nations - India, Pakistan, and Bangladesh - face the sharpest pain, as they depend heavily on Qatari LNG, while North Asian buyers like Japan and Korea are somewhat shielded by receiving Australian and US supply.The conversation covers Qatar’s shutdown of its LNG processing facilities and why a full restart could take six months if hydrocarbons are stripped from the plants. Paul unpacks the potential role of Russian oil and gas if sanctions are eased, the limits of pipeline alternatives from Saudi Arabia, and why coal use - already at record highs - is likely to climb further in 2026 as countries seek cheaper and more abundant alternatives.​On nuclear energy, Paul is clear: it should be part of every country’s portfolio, but with a 10–20 year development timeline, it is a medium-term solution, not an immediate fix. His core advice to Indo-Pacific policymakers: diversify energy sources and lock in long-term contracts to hedge against price shocks.​The episode closes with a sobering warning: if the disruption drags on, the world faces potential rationing, surging inflation and a severe global recession.👉 Follow Paul Everingham at ANGEA and Nydia Ngiow at BowerGroupAsia.👉 Follow us on X, @IndoPacPodcast, LinkedIn, or Facebook👉 Follow Ray Powell on X, @GordianKnotRay, or LinkedIn, or check out his maritime transparency work at SeaLight👉 Follow Jim Carouso on LinkedIn👉 Sponsored by BowerGroupAsia, a strategic advisory firm that specializes in the Indo-Pacific