APMC to accelerate private capital flows

KUALA LUMPUR: Asean must lessen its dependence on foreign direct investment (FDI) and begin nurturing homegrown technology giants to shape its own future growth and innovation.

Deputy Investment, Trade and Industry Minister Liew Chin Tong said that for decades, technology and capital have come largely from outside the region, especially in manufacturing and innovation, highlighting the need to create a robust market within Asean itself.

To achieve this, the Asean Business Advisory Council (Asean-BAC) has announced the establishment of the Asean Private Markets Council (APMC), a regional platform designed to unlock the full potential of the private capital market in this region.

Read more at thestar.com.my