trade
US trade reset redraws Asia’s strategic map
Washington’s new tariff schedule lowers duties on Vietnam, Indonesia, and others while unexpectedly raising rates on the Philippines, redrawing Asia’s trade dynamics.
ASEAN
Anwar Ibrahim
Trump to attend ASEAN summit after call with Malaysian PM
Trump’s attendance would mark the first time a Republican president has attended an Association of Southeast Asian Nations (ASEAN) leaders’ meeting, following several years of lower-level US representation.
Thailand
Thai-Cambodian ceasefire holds despite border flare-up
The ceasefire was negotiated in Malaysia after 5 days of deadly clashes that killed at least 43 people and displaced over 300,000. Although the agreement was declared “immediate and unconditional”, field commanders on both sides reported violations within hours.
Thailand
Thai-Cambodian clashes killed 16, displaced 120,000 before UN intervened
The United Nations Security Council (UNSC) convened a closed-door session on 25 July at Cambodia’s request, in response to what became Southeast Asia’s most severe interstate conflict in over a decade.
SEA
Malaysia tightens US AI chip exports amid China scrutiny
“This is a safeguard to protect Malaysia’s status as a responsible trade partner,” the ministry said in a statement issued on 14 July. “Firms found violating these controls will face legal action.”
Indonesia
BRICS future up for debate after Xi, Putin no-shows
French economist Thomas Piketty urged Western powers to take BRICS seriously, given its rising economic weight. He noted the bloc has surpassed the G7 in purchasing power parity, accounting for more than 32% of global GDP.
ASEAN
ASEAN responds to Trump tariffs in wake of Rubio visit
Southeast Asia (SEA) governments are seeking clarification and concessions after US Secretary of State Marco Rubio’s first official visit to the region, which followed the Trump administration’s decision to issue new tariff notices to nearly all ASEAN countries.
Indonesia
EU, Indonesia strike trade deal
Indonesian President Prabowo Subianto described the deal as a win for economic sovereignty. “We agreed to deepen the Comprehensive Economic Partnership Agreement or CEPA to open up greater opportunities for sustainable trade and investment in the country,” Subianto wrote on Facebook.
The US
Rubio in Kuala Lumpur as ASEAN tariffs clock ticks
According to a White House press release, Rubio’s trip aims to highlight the strength of the US’s Comprehensive Strategic Partnership with ASEAN and to reaffirm the commitment to building on the Comprehensive Partnership with Malaysia.
ASEAN
ASEAN governments urged to close policy gaps as startup ecosystems stall
ASEAN's uneven performance reflects structural problems, including talent constraints, uncoordinated capital flows and a lack of cross-border regulatory support.
FPDA
ASEAN countries, UK deepen defence, crime prevention ties
Signed in 1971, the FPDA links Malaysia, Singapore, Australia, New Zealand and the UK in a consultative defence framework that allows for joint military exercises, intelligence-sharing and operational coordination.
Bambang Brodjonegoro
ASEAN economies should look to CEE to escape middle-income trap - ex-finance minister
Bambang Brodjonegoro, dean of the ADB’s Tokyo-based think tank, said Southeast Asia’s largest middle-income economies are at risk of long-term stagnation as demographic advantages fade and productivity growth stalls.