ASEAN Region Weekly (16 Aug. 2019)

Indonesia

Government efforts to take advantage of the trade war failed miserably as exports remain sluggish and foreign investments went to more attractive regional peers such as Vietnam, adding to President Joko Widodo’s already heavy workload. Indonesia recorded a trade deficit of US$63 million in July, a reversal from a June trade surplus of around $300 million.  (Jakarta Post)

Lao PDR

IMF is predicting a favourable outlook for Laos’ economic growth in the upcoming years despite the present difficulties. (Vientiane Times)

Myanmar

The European Union will provide assistance of up to 8 million euros over four years for the implementation of ARISE Plus Myanmar initiatives that will help the country integrate better with ASEAN economies in line with the ASEAN Economic Community Blueprint 2025. (Myanmar Times)