Asean an investment sweet spot, Indonesia a ‘sitting jackpot’: UOBAM
Add BT as a preferred source
WHEN it comes to investment opportunities, Asean is in a “very sweet spot”, with Indonesia – home to five out of the seven key minerals needed for electric-vehicle (EV) batteries – “a sitting jackpot”, speakers said at UOB Asset Management’s (UOBAM) annual investment outlook conference.
Even though Asean is a trading bloc, the economies are not homogenous. Most are emerging in status and are at different points in their economic cycles. They also have differing interest-rate policies and political considerations. Thus, there are opportunities to be explored, such as healthcare infrastructure and medical tourism.
Vana Bulbon, chief executive officer (CEO) of UOBAM Thailand, noted that US market capital versus gross domestic product is at 1.9, while for Asean, the ratio is 0.6, which implies room for the capital market to grow.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
