particularly prior to the pandemic. so it s starting to ramp up again. meanwhile, the rest of south east asia, including here in singapore, economies have been hit by those weakening demand overseas. how are economies coping and when can we see things turning, in your view? so what we re seeing is that, you know, the export picture amd the merchandise trade picture right across southeast asia is weak. we re seeing that the tech cycle is still in that downswing and commodity prices are still, of course, very weak as a result of that weakened demand offshore. we re expecting that things, unfortunately, aren t really going to materially improve until early next year. i mean, in the us as well as europe, those economies, their domestic demand is incredibly weak as a result of the monetary tightening schedules and the aggressive monetary tightening schedule, as i should say, that have taken place. and so we ll increasingly see the impact of those rate hikes in weakened domestic demand throu