ASEAN Finance & Economics / June 11, 2026 ASEAN Quick News

ASEAN Finance and Economics Special Report (300 articles in total)

Central Message

Mastering the New Southbound Policy, focusing on ASEAN economic trends. The Central News Agency's 'Southeast Asia Finance and Economics Information Network' selects multiple financial headlines from Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and other countries daily. Whether it's new government policies, industry trends, or investment opportunities, it allows you to grasp key information instantly, gain market insights, and seize business opportunities.

Vietnam: Allows Coal Miners to Increase Output to Ensure Power Supply

(Taipei, June 11, CNA) According to a Bloomberg report, based on an announcement on the Vietnamese government website, coal miners are allowed to increase production by up to 15% above the output stipulated in their existing mining permits to ensure national energy security. This additional coal output can only be used for power generation. The decision takes effect from June 9 and is valid until December 31 next year.

Laos: Oil Prices Impact Economy, Accelerating Transition to Regional Energy and Logistics Hub

(Taipei, June 11, CNA) Laotian Prime Minister Sonexay Siphandone stated today that despite the Middle East war driving up global fuel prices and impacting the domestic economy, Laos continues to cooperate with Asian countries, striving to become a regional hub for clean energy and transportation logistics. Speaking at the Nikkei annual 'Future of Asia forum' in Tokyo, Siphandone said he is actively promoting the strategic vision of transforming Laos from a landlocked country into a 'land-linked' regional hub. He said the China-Laos Railway and the under-construction 'Vientiane-Hanoi Expressway' between Laos and Vietnam will strengthen Asian regional supply chains and economic links, deepening cooperation with countries like Japan. Laos is also actively developing hydropower and cross-border power grid integration, aiming to become a major renewable energy center, further consolidating its 'Battery of Asia' status.

Singapore: Applied Materials' $500 Million New Plant Opens, Adding 1,000 Jobs Thanks to AI Boom

(Taipei, June 11, CNA) Applied Materials, the largest US chip equipment maker, announced that its latest chip manufacturing equipment plant has officially opened, doubling its production scale in Singapore and creating 1,000 new jobs over the next few years. Applied Materials said on the 10th that the new Tampines Campus, built at a cost of $500 million, is now operational. It primarily serves chip manufacturers expanding production to meet the increasing demand for artificial intelligence (AI).

Philippines: Strong Growth in Foreign Direct Investment in March

(Taipei, June 11, CNA) According to the latest data released by the Bangko Sentral ng Pilipinas (BSP), net inflows of foreign direct investment (FDI) in March this year reached $611 million, significantly higher than $485 million in the same period last year. This shows that despite global uncertainties, foreign investors remain confident in the Philippines' long-term economic prospects.

Myanmar: Myanmar Garment Manufacturers Association Issues Notice, Urges Factories to Obtain Import Permits Before Goods Arrive

(Taipei, June 11, CNA) According to a notice issued by the Myanmar Garment Manufacturers Association (MGMA), the association has notified all companies and factories to ensure they obtain a 'Cut-Make-Pack' (CMP) import permit before raw material goods arrive. As obtaining a CMP import permit takes about two weeks, factories must carefully calculate their timelines to streamline the import process.

Malaysia: CIMB Strengthens Cooperation with China CITIC Bank

(Taipei, June 11, CNA) CIMB Bank Berhad, Malaysia's second-largest bank, has signed a Letter of Intent (LOI) with China CITIC Bank. The two parties will jointly promote cross-border financing, trade settlement, and bilateral investment, and strengthen the connection between RMB settlement and cross-border banking payment systems, injecting more liquidity into ASEAN markets such as Malaysia and Indonesia.

Thailand: Malaysia Bans Thai Shrimp Imports, Thai 2026 Export Value May Decline by 3.6%

(Taipei, June 11, CNA) Malaysia banned the import of five types of fresh and frozen Thai shrimp from June 1, impacting Thailand's shrimp industry. Thailand's shrimp export value in 2025 reached 409 billion baht (approximately $1.2 billion), accounting for 18% of total seafood exports. Malaysia imported about 8,000 tons of Thai shrimp last year, representing about 5% of Thailand's shrimp export volume. According to Nikkei Asia, besides export barriers, Thai shrimp farmers are also facing rising costs, with feed costs this year increasing by 5% from last year to 88,200 baht. The Kasikorn Research Center estimates that due to weak demand in major markets like the US and Japan and the Malaysian ban, Thailand's shrimp export value in 2026 will decrease by 3.6% year-on-year to approximately $1.1 billion.

Cambodia: Foreign Capital Growth and Strong Exports, World Bank Says Cambodian Economy is Resilient

(Taipei, June 11, CNA) The World Bank's latest economic report states that despite multiple challenges including oil price shocks from the Middle East conflict, a sluggish real estate market, and reduced remittances from nearly one million migrant workers returning from Thailand, the Cambodian economy has shown resilience. The report predicts Cambodia's real GDP growth rate for 2026 will be 3.9%, with a potential recovery to 4.9% in 2027. However, inflationary pressures remain severe, with the overall inflation rate surging to 5.8% in April 2026. It is estimated that every 10% increase in fuel prices will raise the poverty rate by 1.4 percentage points, disproportionately impacting low-income households.

Indonesia: Reducing Import Dependence, Indonesia Accelerates Domestic Car Program

(Taipei, June 11, CNA) Indonesia is accelerating the construction of its domestic automotive industry hub. Defense Minister Sjafrie Sjamsoeddin inspected the progress of the domestic car program in Subang Regency, West Java, on the 10th. According to the Jakarta Globe, this strategic plan aims to build an integrated automotive manufacturing center with an annual production capacity target of 300,000 vehicles. Indonesia hopes to strengthen its industrial self-sufficiency and promote the development of electric vehicles through this plan.

*For more information, please contact Team Leader Zhang Lijuan at (02) 2505-1180#792 or EMAIL: mia@mail.cna.com.tw.

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