PH, Asean trade outperforming world

THE Philippines, along with Asean neighbors Malaysia, Thailand, and Indonesia, appears to be performing better in export terms despite signs of a significant slowdown elsewhere in Asia and the world, an analysis of the latest economic data shows.

Data collected by the World Bank indicates that Asian trade has retreated considerably from year-ago levels, and the picture is rather grim among major Asian exporters outside the Association of Southeast Asian Nations (Asean).