With its young population that promises a vibrant economy, the Association of Southeast Asian Nations (ASEAN) will continue to be a supportive and attractive investment destination in the long term, UOB Asset Management Malaysia Chief Executive Officer Lim Suet Ling has said.
Kuala Lumpur (VNA) – With its youngpopulation that promises a vibrant economy, the Association of Southeast AsianNations (ASEAN) will continue to be a supportive and attractive investmentdestination in the long term, UOB Asset Management Malaysia Chief ExecutiveOfficer Lim Suet Ling has said.
Addressing a panel session at the Invest ASESN 2022titled “Markets and Smart Money: Fight or Flight”, Lim said that being thefourth largest economy with over 600 million people, ASEAN has grown to be moreeducated and has an advantage as one of the biggest manufacturers in the globalsupply chain.
With the COVID-19 lockdowns in China, there isdiversification in supply chain and Malaysia is benefitting from it especiallyon the electronic and electrical (E&E) side.
She stressed that trade agreements among ASEANcountries could also be strengthened by forging deeper collaboration to createbetter investment opportunities.
Lim advised investors to be more defensive whilestaying cautious in their holdings for the time being, saying they should movemore towards utilities or assets that has regular income.
To enhance Malaysia’s position as a preferredinvestment destination, Lim hopes to see more Internet unicorns appearing orbeing listed./.
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The ASEAN flag (Photo: thcasean.org)
