Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Trump 2.0 raises risks for Phl, Asean
The Philippine Star
|November 11, 2024
Nomura Global Markets Research warned that a second Trump presidency could bring adverse impacts for Southeast Asia, particularly affecting the Philippines' growth trajectory due to heightened geopolitical risks, volatility in remittances and vulnerabilities in the outsourcing sector.
In its Asia Economic Monthly Report, Nomura said that Trump 2.0 would be negative for growth in the Association of Southeast Asian Nations (ASEAN) region, albeit to varying degrees.
"The effects from lower global growth, led by the US and China, would affect small open economies. Increased global policy uncertainty, alongside geopolitical risks, could hurt business sentiment and private investment spending," it said.
Nomura said that Singapore's large open economy may face the strongest headwinds due to weakening external demand and lower export growth.
Malaysia may also be vulnerable, but higher foreign direct investments (FDI) could mitigate the impact of a second Trump presidency.
This story is from the November 11, 2024 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
Cartel violence fuels doubts about FIFA games in Mexico
Hugo Alejandro Pérez was in his house a few miles from the Mexican stadium that is slated to host FIFA World Cup games when gunfire and explosions erupted just outside his door.
1 mins
February 26, 2026
The Philippine Star
PSEi soars to one-year high on strong peso
The local stock market sustained its rally yesterday, soaring to its highest level in over a year on the back of higher corporate earnings results and the peso’s appreciation against the dollar.
1 min
February 26, 2026
The Philippine Star
UK gov't to release files on ex-prince Andrew
-Britain's government committed on Tuesday to releasing documents on ex-prince Andrew’s past role as a trade envoy, after
1 min
February 26, 2026
The Philippine Star
Lava flows detected in Mayon
A series of lava effusion and ash emission events occurred at Mayon Volcano in Albay yesterday, according to the Philippine Institute of Volcanology and Seismology.
1 min
February 26, 2026
The Philippine Star
Shaping a human-centric future for AI
At a defining moment in human history, the world gathered at the AI Impact Summit 2026 in New Delhi.
3 mins
February 26, 2026
The Philippine Star
PNP enhances espionage monitoring
Following the arrest of a suspected Chinese spy in Batangas, the Philippine National Police (PNP) has beefed up operations against espionage.
1 min
February 26, 2026
The Philippine Star
Iran says deal ‘within reach’ ahead of US talks
Iran’s Foreign Minister Abbas Araghchi said on Tuesday that a nuclear deal was “within reach,” ahead of talks with the United States scheduled for later this week.
1 mins
February 26, 2026
The Philippine Star
Why not MPBL, PBA join forces?
MPBL founder and chairman and former senator Manny Pacquiao is open to collaborating with PBA, noting both leagues are not in competition with each other and the sport could grow even more exponentially if they tie up.
2 mins
February 26, 2026
The Philippine Star
Pinoys flocking
It will be staged a day after the band drops its fifth studio album, “Arirang,” and will precede its world tour that kicks off in Seoul in April.
2 mins
February 26, 2026
The Philippine Star
After meat, Brazil wants bigger bite of PHI coffee, mineral water markets
Brazil, the country’s top meat supplier, wants to expand its share in value-added food markets like coffee, mineral water and even liquor as it seeks to strengthen its position as one of the Philippines’ top trade partners.
2 mins
February 26, 2026
Listen
Translate
Change font size