Global trade tensions and shifting U.S. policies are reshaping growth opportunities in ASEAN, including the Philippines, according to speakers at the 15th Security Bank Economic Forum held this week.
The annual event brought together thought leaders to explore strategies for resilience and inclusive growth across the region under the theme “Trump, trade, and the impact on ASEAN.”
“Global shifts—from US trade policies to geopolitical tensions—continue to reshape the flow of goods, capital, and talent. For Philippine businesses, these translate into real challenges such as supply chain disruptions and investment uncertainties,” said Cirilo P. Noel, chairman of Security Bank.
The forum highlighted concerns over continued trade tensions under former U.S. President Donald Trump’s policies and their lasting influence on ASEAN economies.
“Tariffs and trade are not just economic issues—they shape the future of cooperation and competition in the region,” said Curtis S. Chin, former U.S. Ambassador to the Asian Development Bank. As geopolitical tensions rise, businesses must understand both the risks and opportunities of this new era, he added.
However, Chin emphasized that domestic leadership remains crucial: “We should never forget that progress in any nation is ultimately up to its own leaders, its own citizens, its own businesses, its own communities, its civil society. Whoever is president of the United States or any other outside nation should be no excuse for not moving forward.”
Former NEDA Director-General Dr. Cielito F. Habito urged the Philippines to focus on internal reforms to take advantage of emerging global opportunities. “We need fundamental policy and institutional reforms to avoid the real threats to the nation’s future arising from self-inflicted weaknesses, especially in our most basic assets: our people and our land,” Habito said. “Many see opportunities for the Philippines along with the clear threats from tectonic shifts in the global financial and economic landscape, but in the end, we could well be our own worst enemy.”
Security Bank executives stressed the role of knowledge-sharing in navigating uncertainty. “Uncertainty is not an excuse to stand still. It’s a call for clarity, agility, and purpose,” said Sanjiv Vohra, President and CEO of Security Bank. “Forums like this embody our BetterBanking promise—bringing together ideas, connections, and strategies that help clients thrive amid change.”
Now in its 15th year, the Security Bank Economic Forum continues to provide a platform for business leaders and investors to understand the evolving global landscape and its impact on ASEAN economies.
