South-east Asia could draw some investors away from China as virus lockdowns bite
Add BT as a preferred source
Annabeth Leow
MAJOR South-east Asian economies are set to pull more foreign direct investment (FDI) in the near term, as investors grow wary about China’s locked-down market.
Still, China’s status as the regional giant is likely to stay unchallenged, especially in the longer run.
“FDI flows into Asean have proven extraordinarily resilient over the last couple of years,” Frederic Neumann, co-head of global research for Asia at HSBC, told The Business Times.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Lily Ler to step down as CEO of Mapletree Industrial Trust manager
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
