Companies in ASEAN to keep investments consistent

The business community’s expenditure has always been a good indicator of the intensity of economic activity. When asked how much companies intend on spending on local investments, a majority of respondents (44%) said their expenditure will remain the same. A promising 36.1% said they will ramp up investments while 11.9% said they have no investments planned for the next 12 months.

Among the ASEAN nations, the Phillippines was the only nation with the highest number of respondents saying they would increase their local investments. The majority of other ASEAN nations indicated that their investment levels would remain the same.