Moody’s bullish on Philippines and Asean nations

Electronics are the Philippines’ top export product, accounting for about half of shipments sold abroad. - Bloomberg

MANILA (Philippine Daily Inquirer/ANN): The Philippines and other Association of Southeast Asian (Asean) countries stand to gain from an anticipated tech exports boom amid the “new normal” of social distancing and working online, Moody’s Analytics said on Wednesday (March 3).

“Vietnam, the Philippines, Malaysia and Thailand are especially well-positioned to benefit from the surge in global consumer electronics demand in the short term, but also from a potential longer-term realignment, as the ongoing global tech battle and concerns regarding intellectual property theft will be pervasive, ” Moody’s Analytics economists Shahana Mukherjee, Denise Cheok and Jesse Rogers said in a report titled “Factory Southeast Asia: Global Manufacturing’s Next Frontier.”