ASEAN must build regional tech multinationals, says deputy minister

KUALA LUMPUR: ASEAN cannot rely solely on foreign direct investment but must develop and invest in its own technology companies to progress.

Deputy Investment, Trade and Industry Minister Liew Chin Tong addressed the misconception that technology must come from outside while ASEAN serves merely as a production site.

“If we have a lot more investment going into ASEAN technologies, we will eventually see the companies emerging as regional MNCs or even global MNCs,“ Liew stated during a press conference after establishing the ASEAN Private Markets Council.

Read more at thesun.my