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Companies in Southeast Asia have reported increased energy costs and weaker consumer demand amid the ongoing Middle East conflict. The developments come as the conflict enters its third month.
digitimes.comCompanies in Southeast Asia have reported rising energy costs and weakening consumer demand as the conflict in the Middle East enters its third month. The reports come from a growing list of firms across the region. Several businesses have cited higher operating expenses tied to energy prices.
Consumer demand has also softened in multiple markets. Companies have linked the decline to broader economic uncertainty. The combination of higher costs and lower sales has prompted some firms to review their spending plans. No specific policy changes have been announced at this stage.
developments will depend on how long the Middle East conflict continues. Companies have not provided detailed forecasts beyond the current reporting period.
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