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Important source of growth, particularly prior to the pandemic, so it is starting to mmp pandemic, so it is starting to ramp up again. pandemic, so it is starting to ramp up again- pandemic, so it is starting to ramp up again. meanwhile, the rest of southeast ramp up again. meanwhile, the rest of southeast asia, - rest of southeast asia, including here in singapore, economies have been hit by the weakening demand overseas was our economy scoping and when can see things turning in your view? economies coping? what view? economies coping? what we re seeing view? economies coping? what we re seeing is view? economies coping? what we re seeing is the view? economies coping? what we re seeing is the export - we re seeing is the export picture, so the merchandise trade picture right across southeast asia is weak. we are seeing that the tech cycle is still in the downswing and commodity prices are still of course very weak as as a result of that we can to demand optional. ....
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 ....
Should start to improve in 2024 for the export picture in south east asia. in other news this morning, japanese conglomerate toshiba said a $14 billion tender offer to take the firm private will be launched later today. at least two thirds of shareholders will need to tender their shares for the bid to succeed. the effort if successful could result in activist investors being bought out and effectively return toshiba to domestic hands. the firm has been embroiled in a range of crises since 2015. meanwhile, tesla s finance chief has stepped down after 13 years at the electric car maker. his departure was a surprise, because some analysts had considered him a possible successor to his boss, elon musk. michelle fleury explains. it was a bit of a surprise. in a linkedin post, zach kirkhorn confirmed he was stepping down from his role as chief ....