US$12b earmarked for Asean enterprises on new platform

Singapore

ON a new deal-making platform, 380 investors have indicated intentions to invest up to US$6.2 billion in Asean enterprises in 2019, with another US$6 billion earmarked over the following two years, the Monetary Authority of Singapore (MAS) announced on Monday.

About 60 per cent of intended investment in 2019 was concentrated in the sectors of fintech, healthcare, medical technology, and information and communications technology. "The capital the investors planned to deploy was higher than the demand for financing from participating Asean enterprises," noted MAS.