The Covid-19 pandemic caused global investment activities to fall - due to economic uncertainties, lockdowns, supply chain disruptions and postponement of investment by multinational enterprises.
Asean also recorded a decline in foreign direct investment (FDI) in 2020 to US$137 billion, down from its highest-ever inflow of US$182 billion in 2019 when it was the largest recipient of FDI in the developing world.
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