ASEAN must mobilise its own capital to shape a resilient regional future

ASEAN must break free from its long-standing dependency on foreign direct investment and begin reinvesting its own capital in technologies and solutions that serve the public good, Deputy Minister of Investment, Trade and Industry Liew Chin Tong said today.

Speaking at the launch of the ASEAN Private Markets Council by ASEAN-BAC Malaysia at the St Regis Kuala Lumpur, Liew described the initiative as timely and necessary in a world increasingly shaped by regional blocs and geopolitical competition.

“We are very often tuned to think that technology, capital and new things must always come from outside ASEAN,” Liew told delegates, “but I believe this is the time to start reshaping the future of ASEAN.”

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