ASEAN Economic Update: June 26, 2026

Vietnam: Electricity of Vietnam (EVN) has urged businesses and households to conserve energy due to record-high power demand during a heatwave. Authorities recommend setting air conditioning to at least 26 degrees Celsius.

Laos: The government is strengthening ties with the Japan External Trade Organization (JETRO) to attract Japanese investment in agriculture, manufacturing, and transportation.

Singapore: Manufacturing output rose 13% year-on-year in May, driven by strong performance in electronics (+35.8%) and precision engineering (+32.2%). Excluding biomedical manufacturing, growth reached 17.7%.

Philippines: The budget deficit widened to 198.5 billion pesos in May, a 36.73% increase from the previous year, partly due to dividend payments from state-owned enterprises.

Myanmar: Rice market activity in the Bayintnaung Wholesale Market remains sluggish during the monsoon season. Rising prices for non-premium rice varieties have led to a slowdown in export demand.

Malaysia: The country recorded a services trade surplus of 5.3 billion ringgit in 2025, the first since 2011. Exports grew by 15.6%, driven largely by tourism and ICT services.

Thailand: The government is intensifying negotiations for a Free Trade Agreement (FTA) with the European Union to enhance supply chain resilience and boost national competitiveness.

Cambodia: The National Bank of Cambodia reports that the macroeconomic environment remains stable, with controlled inflation and a sound banking system despite global challenges.

Indonesia: MSCI has maintained Indonesia's status as an Emerging Market, reflecting the effectiveness of recent capital market reforms.