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Southeast Asia an attractive destination for FDI

Southeast Asia an attractive destination for FDI: report

BEIJING: Southeast Asia became an attractive destination for foreign direct investment (FDI), according to a report released by the Boao Forum for Asia (BFA) Tuesday.

The inflow of FDI increased by 16.8 percent in 2017, the BFA Progress of Asian Economic Integration Annual Report 2019 said.

Indonesia and Thailand attracted the most foreign direct investment in 2017. FDI inflows into Indonesia increased, unprecedentedly, by 488.2 percent and that into Thailand by 269.2 percent in 2017, said the report.

The report said ASEAN has benefited from deeper integration in Asia as intraregional flows become a very important source of FDI.

“For example, 84 percent of China’s outward direct investment is directed at Asia as compared to 79 percent in 2016,” said the report.

The report is a scorecard on the progress of integration in Asia and a description of major economic issues in the Asian region in the past, especially of events that occurred the previous year.

The BFA annual conference runs from March 26 to 29 in Boao, a coastal town in China’s southern island province of Hainan.





M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.