REPUBLIKA.CO.ID, SINGAPORE -- The YPO Global Pulse Confidence Index for the ASEAN sub-region fell 4.9 points from 65.0 to 60.1 in the second quarter of 2015. But despite this decline, CEOs in the ASEAN region remained relatively positive, with confidence levels in line with the solid global reading of 60.9, and not far below the overall Asia reading of 62.0.

The most significant declines in confidence occurred in Indonesia, Malaysia and Singapore. Confidence actually increased amongst CEOs in Vietnam and Thailand.

"Sluggish global demand, the slowdown in China, and the sharp decline in commodities prices have cast a shadow on the export-reliant ASEAN nations, particularly the commodity-oriented economies of Indonesia and Malaysia," said Terry O'Connor, regional chief executive officer of Courts Asia and the regional chair of the YPO Southeast Asia region. "The near collapse of China's Shanghai Composite Index during the month of June added to the concern."

The quarterly electronic survey, conducted in the first two weeks of July 2015, gathered answers from 2,127 chief executive officers across the globe, including 276 in Asia.

Ikuti Whatsapp Channel Republika