ASEAN+3 economies are showing stronger-than-expected resilience amid global fragmentation, with Malaysia among the strongest performers as growth, inflation, and domestic demand remain broadly stable, Bank Negara Malaysia (BNM) Deputy Governor Datuk Marzunisham Omar said.
Diversification of the export market will help the Philippine economy bolster its resiliency and cushion itself from protectionist policies, even as it is largely domestically driven, an economist said on Wednesday (Nov 26).
Good-quality melons and muskmelons exported from Myanmar to China are receiving stable prices, although export volumes remain low, according to border wholesale trading centres.
Indonesia’s agriculture minister vowed that not “a single litre” of imported rice will enter the country, underscoring President Prabowo Subianto’s directive to maintain national self-sufficiency despite falling global prices.
Thailand's export outlook for the remaining two months of the year remains positive, though growth may moderate for the period, according to the Commerce Ministry.
Indonesia and Tunisia are preparing to conclude a preferential trade agreement next January, according to the Indonesian media Jakarta Globe.
A senior economist noted that export growth is expected to moderate next year, as the electronics and electrical (E&E) sector depends on the global semiconductor upcycle.
Hong Kong’s exports to Association of Southeast Asian Nations have grown sharply this year, helping offset a decline in shipments to the US, said Zhu Haibin, executive director (research) at the Hong Kong Monetary Authority.