https://www.scmp.com/rss/520762/feed Sam Cheong is head of Group Foreign Direct Investment Advisory at UOB. He has more than three decades of banking experience with UOB. He spent nearly half his career in two major Asia markets, namely Indonesia and China, driving the retail, wholesale, and international banking business. In 2011, he established the UOB Foreign Direct Investment Advisory Unit – the first Singapore bank to offer a dedicated service to support foreign investments expanding in Southeast Asia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com It was 2013, the night before the launch of UOB’s foreign direct investment (FDI) advisory unit in Indonesia. The rupiah had weakened due to global and domestic factors and while this was not representative of Indonesia’s vast hinterland and growing economy, there were understandably concerns. At the launch, local media asked why investors should still invest in Indonesia and the region. I replied: “The answer is in the room.” After the puzzled silence, I said FDI would continue to flow into... https://www.scmp.com/opinion/asia-opinion/article/3293376/asean-remains-investment-bright-spot-messy-global-economy?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3293376/asean-remains-investment-bright-spot-messy-global-economy?utm_source=rss_feed Thu, 09 Jan 2025 01:30:08 +0000