ASEAN Economic Briefing: May 27, 2026

Vietnam: Ho Chi Minh City is accelerating the transition to electric buses, aiming for full green energy usage by 2030. Singapore: Factory output in April rose 17.6% year-on-year, driven by strong demand for AI-related electronics. Philippines: Cement manufacturers expect a slight decline in demand this year due to a slowdown in government infrastructure projects. Myanmar: The Shwe Padauk fish market in Hline, Yangon, serves as a key economic engine, providing over 3,000 jobs daily. Malaysia: Prime Minister Anwar Ibrahim confirmed that fuel supplies are secured through July, emphasizing the importance of the Strait of Hormuz. Thailand: Due to surging bond yields, the government plans to raise $5 billion through promissory notes and loans instead of issuing new sovereign bonds. Cambodia: The state power company has reached an agreement with Laos to study cross-border power grid connectivity. Indonesia: Labor leaders warn that rising production costs due to Middle East conflicts could lead to 9,000 layoffs in the manufacturing sector over the next three months.