March 17, 2024
Opinion
I WAS in Semarang, Indonesia, on Aug 19 and 20 last year for the 55th Asean Economic Ministers (AEM) Meeting, where the United Nations Conference on Trade and Development tabled Asean’s foreign direct investment (FDI) inflow for 2022. Impressively, this had grown by 5pc year on year, to a total of US$224 billion (RM1 trillion), bucking the trend in various parts of the world, and amid the 12pc decline of global FDI in 2022.