In coopera*on with: AmChams in
Cambodia, Indonesia, Malaysia, Philippines, Thailand, and Vietnam, AmCham chapters in Laos and Myanmar, and the U.S. Embassy in Brunei Report compiled by: AmCham Singapore & the U.S. Chamber of Commerce ASEAN Business Outlook Survey 2016

73% 24% 2% 1% 67%
30% 3% 1% 66% 29% 3% 2% More Important Remained about the Same Less Important Don'ʹt Know Importance of ASEAN Markets in Terms of Worldwide Revenues over the Next 2 years 2013 2014 2015 Importance of ASEAN Markets

Trade and Investment in ASEAN
91% 7% 1% 89% 10% 2% 86% 13% 1% Increase Remain about the Same Decrease Expected Level of Level of Trade/Investment in ASEAN over the Next 5 Years 2013 2014 2015

Profit Outlook Compared to 2014
59% 17% 67% 59% 8% 64% 33% 60% 67% 56% 66% 76% 25% 100% 84% 31% 75% 60% 81% 83% 70% 84% ASEAN Brunei Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand Vietnam ASEAN Profit Outlook in 2015 & 2016, Compared to 2014 2015 Increase 2016 Increase

Top Target Countries for Business
Expansion 35% 41% 37% 30% 31% 21% 28% 13% 18% 7% 18% 32% 31% 31% 24% 21% 20% 20% 12% 12% 5% 26% Myanmar Indonesia Vietnam Thailand Malaysia Cambodia Philippines Laos Singapore Brunei None Into Which ASEAN Country or Countries, If Any, Does Your Company Plan to Expand? 2014 2015

27% 27% 33% 34% 41%
Competitive Production Costs Availability of Trained Personnel/Efficient Manpower Improvement in Infrastructure Regional Integration Diversification of Customer Base Top Reasons Companies'ʹ Levels of Trade and Investment Are Expanding in ASEAN Business Expansion in ASEAN

Importance of ASEAN Integration 75%
67% 94% 75% 77% 77% 67% 74% 69% 72% 84% 25% 33% 6% 25% 23% 23% 33% 26% 31% 28% 16% ASEAN Brunei Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand Vietnam Is ASEAN Integration Important to Helping Your Company Do Business in the Region? Yes No

Importance of ASEAN Regional Agreements
63% 70% 66% 58% 31% 23% 24% 31% 6% 7% 10% 11% Comprehensive Investment Agreement Framework Agreement on Services Trade Facilitation Work Program and Strategic Plan of Customs Development Trade in Goods Agreement Importance of ASEAN Regional Agreements Important Neutral Unimportant

51% 42% 78% 47% 31%
43% 40% 45% 45% 57% 65% 49% 58% 22% 53% 69% 57% 60% 55% 55% 43% 35% ASEAN Brunei Cambodia Indonesia Laos Malaysia Myanmar Philippines Singapore Thailand Vietnam Does Your Company Have a Regional Strategy Based on the AEC’s Goals? Yes No ASEAN Economic Community: Corporate Strategies

48% 25% 19% 14% 30%
Greater ability to segment regional supply or value chains Changes in regional procurement arrangements Consolidation or centralization of regional operations Re-­‐‑location of back office operations or other non-­‐‑ core functions Other How Will the Completion of the AEC Affect the Location of Your Operations? ASEAN Economic Community: Impact on Location of Operations

55% 50% 46% 33% 32%
19% 12% Ability to move key personnel around the region Marketing strategies Reduction in transaction costs Streamlining or reorganization of other basic business functions Opportunities to export from ASEAN to third markets Standardization of product lines Other Besides Location, What Other Ways Might the AEC Affect Your Regional Operations? ASEAN Economic Community: Other Impacts

66% 65% 56% 48% 43%
41% 38% 24% 22% 22% Future Priority Areas of Work to Enhance Regional Economic Integration Future Economic Integration Priorities

Data Collection Method: Web-based, self-administered
survey. No enforcement on participation. Data Collection Period: May 11, 2015 to June 8, 2015 Access the full report online: www.amcham.org.sg/aseanoutlook/