Dear Valued Customers,
Welcome to Our June Newsletter
As we move through the middle of the year, it’s encouraging to see several of our key markets making significant strides across trade, technology, sustainability, and industry. These developments not only reflect the resilience of the region but also highlight new opportunities for businesses looking to expand and innovate.
Singapore
Singapore has upgraded its export growth forecast for 2026, driven largely by strong global demand for artificial intelligence (AI) technologies. The country’s electronics sector continues to benefit from the rapid growth of AI, reinforcing Singapore’s position as a leading hub for advanced technology and digital innovation. As AI adoption accelerates worldwide, Singapore is well placed to capitalise on this momentum.
Within Singapore, business confidence has improved, particularly among companies in the electronics and precision engineering sectors. Many firms expect stronger overseas demand and higher export activity in the coming months.
Hong Kong
Hong Kong has climbed to become the world’s fifth-largest merchandise trading entity, according to the World Trade Organization’s latest Global Trade Outlook & Statistics 2025 report. Rising two places in the global rankings is a significant achievement and reflects the city’s continued importance as a major international trading and logistics hub, despite ongoing shifts in the global economy.
Malaysia
Malaysia continues to strengthen its reputation as a global leader in the halal industry. Its internationally recognised halal certification system remains one of the most trusted in the world, supported by the Department of Islamic Development Malaysia (Jakim). This strong foundation continues to create opportunities for Malaysian businesses while reinforcing the country’s position in the growing global halal market.
While its certification system is respected, global halal certification still lacks universal recognition, with different countries following different rules and requirements. Globally, the halal economy has grown from a niche religious market into a major international trade sector. Halal food and beverages remain the largest segment within the halal industry.
Indonesia
Indonesia’s steel industry is taking meaningful steps towards a more sustainable future. As international demand for low-emission materials continues to grow, manufacturers are increasingly investing in greener production methods. This transition not only supports global sustainability goals but also positions Indonesia’s steel sector to remain competitive in an evolving international market.
The government is also focusing on building infrastructure for green industrial development. These efforts are expected to modernise the steel industry and improve long-term competitiveness.
These positive developments across the region demonstrate the strength and adaptability of Asian markets. As industries continue to evolve through innovation, sustainability, and expanding global trade, we look forward to the opportunities these changes will bring for businesses and partnerships in the months ahead.
Abigail Yu
Director, 3E Accounting Group
Read More in our E-Newsletter March 2026.
