ASEAN News Brief (May 19, 2026): Vietnam's Growth to Slow, Thailand Becomes Top PCB Producer
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This ASEAN economic brief for May 19, 2026, covers several key developments. The World Bank forecasts Vietnam's economic growth will slow to 6.8%. Laos finalized a hydropower project to export electricity to Vietnam. Singapore's exports surged, driven by AI demand. Thailand has become ASEAN's largest PCB producer after three foreign firms added 22 billion THB in investment. In the Philippines, digital bank deposits soared, but market share remains below 1% with most banks unprofitable. Malaysia connected its first battery storage system to the national grid. Cambodia's inflation climbed to 5.79%, while Indonesia's rupiah plummeted, sparking fears of layoffs.