ASEAN remains long-term investment destination: expert

QNN |

Kuala Lumpur (VNA) – With its young population that promises a vibrant economy, the Association of Southeast Asian Nations (ASEAN) will continue to be a supportive and attractive investment destination in the long term, UOB Asset Management Malaysia Chief Executive Officer Lim Suet Ling has said.

The ASEAN flag (Photo: thcasean.org)
The ASEAN flag (Photo: thcasean.org)
 

Addressing a panel session at the Invest ASESN 2022 titled “Markets and Smart Money: Fight or Flight”, Lim said that being the fourth largest economy with over 600 million people, ASEAN has grown to be more educated and has an advantage as one of the biggest manufacturers in the global supply chain.

With the COVID-19 lockdowns in China, there is diversification in supply chain and Malaysia is benefitting from it especially on the electronic and electrical (E&E) side.

She stressed that trade agreements among ASEAN countries could also be strengthened by forging deeper collaboration to create better investment opportunities.

Lim advised investors to be more defensive while staying cautious in their holdings for the time being, saying they should move more towards utilities or assets that has regular income.

To enhance Malaysia’s position as a preferred investment destination, Lim hopes to see more Internet unicorns appearing or being listed./.

VNA

TAGS

ASEAN strengthens resilience to disasters

QNN |

Jakarta (VNA) – The Association of Southeast Asian Nations (ASEAN) has issued a joint statement on strengthening resilience to disasters with detail commitments on the occasion of the 7th session of the Global Platform for Disaster Risk Reduction 2022 (PG 2022) held in Bali, Indonesia, on May 23-28.

ASEAN to face numerous challenges due to climate change: report

QNN |

Hanoi (VNA) - ASEAN is at risk of losing over 35 percent of its GDP by 2050 from climate change and natural hazards, severely impacting key sectors such as agriculture, tourism, and fishing, along with human health and labour productivity, according to a report jointly conducted by Nanyang Technological University of Singapore (NTU Singapore) and University of Glasgow.

Vietnam calls for strengthening inter-sectoral, inter-pillar coordination in ASEAN

QNN |

Hanoi (VNA) – Vietnam suggests ASEAN enhance coordination between sectors and pillars, and its response capacity to such challenges as COVID-19, climate change and maritime issues, Vietnamese Minister of Foreign Affairs Bui Thanh Son said on October 4.