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South-east Asia on the radar as global supply chains make big shift

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Tan Ai Leng

Tan Ai Leng

Published Wed, Jun 5, 2024 · 05:30 PM
    • Singapore remained the most attractive destination for global investors, the investment inflows accounting for over 60 per cent of FDI in the Asean region.
    • Singapore remained the most attractive destination for global investors, the investment inflows accounting for over 60 per cent of FDI in the Asean region. EPA-EFE

    [KUALA LUMPUR] The South-east Asian region is riding high as global supply chains shift, driven by geopolitical tensions and pandemic-related disruptions that are pushing more companies to adopt China+1 diversification strategies.

    According to latest available data, foreign direct investment (FDI) into the region’s six major economies – Singapore, Indonesia, Malaysia, Vietnam, Thailand and the Philippines – surged 5.5 per cent to a record high of US$224 billion in 2022 from the previous year.

    Singapore saw the highest increase in value, accounting for over 60 per cent of FDI in the region.

    MalaysiaAseanAsean BusinessForeign investment

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