Commentary

Reigniting drivers of growth key to Asean's economic resilience

Asean's supply chains have remained resilient and foreign direct investment has continued.PHOTO: REUTERS

SINGAPORE - Pivoting towards the Asian global growth engine is one of the major world transitions of this century with a strong contributor coming from the economic emergence of Asean.

South-east Asia's trade and economic integration, relatively lower labour costs and the growing wealth among its 650 million-strong population has made it a key destination for many multinational companies seeking new opportunities to produce, invest and sell.

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