Prabowo’s China visit; Asean currencies’ further retreat

This week in Asean: 

• Indonesia: President-elect Prabowo met China’s President Xi Jinping in Beijing
• Thailand: Plans to raise 2025 fiscal deficit to fund US$14 billion cash handout plan
• Vietnam: Q1 growth at highest level since 2020
• Laos: Hosts the 11th Asean Finance Ministers’ and Central Bank Governors’ Meeting

Dear BT reader,

Hope you have had a good Easter break just as we did.