^JKSE

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ADB Projects Developing Southeast Asia to Keep Steady Growth in 2026, 2027

Developing Southeast Asia is expected to maintain steady economic growth this year, supported by resilient domestic demand, according to the Asian Development Bank (ADB) report on Monday.The subregional economy is projected to expand by 4.7% in 2026 and by 4.8% in 2027, although growth trends will vary significantly across individual economies.Indonesia's growth outlook is expected to strengthen on solid domestic demand, while Myanmar is projected to rebound from contraction in 2025 as reconstruction activity supports recovery.In contrast, growth in Malaysia, Thailand and Vietnam is expected to moderate due to weaker global trade conditions and fading export momentum, although technology-related exports are likely to provide some support.Meanwhile, the Philippines is projected to remain subdued, Cambodia may see slower growth in 2026 before recovering in 2027 alongside tourism recovery, while Timor-Leste is expected to remain stable before accelerating.Inflation in developing Southeast Asia is forecast to rise to 3.2% in 2026 from 2.3% in 2025, driven by stronger domestic demand and higher food and energy costs. Price pressures are expected to increase across most economies, particularly in Indonesia, the Philippines, Malaysia, Thailand, and Vietnam, amid higher oil prices and domestic adjustments.Inflation is expected to ease to 2.8% in 2027 as global commodity prices stabilize, with Myanmar projected to see softer price pressures due to improved transport conditions, currency strength, and better agricultural output, the report showed.

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International63d ago

Indonesia Retail Sales Expected to Accelerate in March, Survey Shows

Indonesia's retail sales are expected to continue rising in March, according to Bank Indonesia's latest Retail Sales Survey released Monday.The Real Sales Index (RSI) is projected to grow 2.4% annually, supported by gains in spare parts and accessories, food and beverages, and cultural and recreational goods.Monthly, retail sales are forecast to jump 9.3% in March, accelerating from 4.1% in February. The improvement is driven by stronger demand across most categories, including information and communication equipment, automotive fuel, and clothing, as household consumption rises during Ramadan and ahead of Eid-ul-Fitr, the central bank said.

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Asia63d ago

Trump Declares Immediate U.S. Navy Blockade of Hormuz After Iran Talks Fail

U.S. President Donald Trump warned on social media that the U.S. Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz after a failed talk with Tehran.Trump said in a Truth Social post on Sunday that while the goal is eventually to reach an "all being allowed to go in, all being allowed to go out" arrangement, Iran has prevented this by citing vague concerns about undisclosed mines."Iran has not allowed that to happen by merely saying, 'There may be a mine out there somewhere,' that nobody knows about but them," Trump wrote.Trump further directed the Navy to intercept any vessel in international waters that has paid a toll to Iran while also ordering the destruction of mines allegedly laid by Iran in the strait and warning that any Iranian attack on U.S. or peaceful vessels would result in them being "BLOWN TO HELL."Meanwhile, Reuters News, citing the U.S. Central Command, reported that the blockade of all maritime traffic to and from Iranian ports is set to begin at 10 a.m. ET on Monday.The command clarified that freedom of navigation would remain unaffected for ships transiting the strait to non-Iranian ports, with formal notices to be issued to commercial mariners beforehand, the newswire said.

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US Markets66d ago

Indonesian Consumer Confidence Declines in March

Indonesian consumer confidence retreated modestly in March, as respondents mulled the job market and the larger economy.The Indonesia consumer confidence index dropped to 122.9 in March from 125.2 in February, marking a five-month low but still struck well above the 100-mark that separates optimism from pessimism, reported Bank Indonesia on Friday.The March confidence decline reflected weaker economic outlooks and lower expectations for job availability.On March, the current economic conditions sub-index logged 115.4, off modestly from 115.9 in February.The consumer expectations sub-index declined to 130.4 in March from 134.4 in February, added the central bank.Consumers were also less confident in March than in February about spending for large-ticket durable goods.On other metrics, the business activity expectations index decreased to 125.5 in March from 130.9 in February, reported Bank Indonesia.In general, the national government held consumer fuel charges steady, through subsidies, in March.The Indonesian consumer survey is conducted monthly by phone and personal visits to 4,600 households in 18 major cities, according to Bank Indonesia.

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