ASEAN Urged To Invest In Homegrown Tech

ASEAN must move beyond its reliance on foreign direct investment and channel more capital into homegrown technology companies to fuel sustainable growth, Deputy Investment, Trade and Industry Minister Liew Chin Tong said.

Speaking at the launch of the ASEAN Private Markets Council (APMC), Liew warned against the misconception that technology must come from outside the region.

“If we have a lot more investment going into ASEAN technologies, we will eventually see companies emerging as regional or even global multinational companies,” he said.

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