ASEAN Must Build And Grow Regional And Global Tech MNCs — Liew

KUALA LUMPUR, Sept 22 (Bernama) — ASEAN cannot grow purely on a foreign direct investment (FDI) model but must grow and invest in the region’s technology companies to move forward.

Deputy Investment, Trade and Industry Minister Liew Chin Tong said there may be a misconception that technology has to come from outside and that ASEAN is just 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 told a press conference after establishing the ASEAN Private Markets Council (APMC) here today.

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