US Businesses Optimistic About ASEAN Business Outlook - AMCHAM Survey

Last update: 12/09/2017

KUALA LUMPUR, Sept 12 (Bernama) -- US companies are optimistic about the growth outlook and investment opportunities in ASEAN as businesses see solid growth in domestic consumption, according to a survey.

A special ASEAN 50th anniversary edition of the 2018 ASEAN Business Outlook Survey revealed that 56 per cent of US companies' senior executives based in the region expected their profits to increase this year over that of last year, while 74 per cent expected higher profits in 2018.

It said 58 per cent of the companies reported that ASEAN markets had become more important for their companies' global bottom lines for the past two years, and 62 per cent said that their level of trade and investment in ASEAN increased during the period.

"Over the next five years, 80 per cent (of them) expect that their level of trade and investment in ASEAN will increase," said the the survey which was released by the American Malaysian Chamber of Commerce (AMCHAM), the US Chamber of Commerce and the American Chamber of Commerce in Singapore.

Commenting on the survey, AMCHAM Malaysia Executive Director Siobhan Das said Malaysia continued to be an important US trading partner and serve, not only as a major US investment destination, but also a critical part of many global supply chains.....