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FDI TO ASEAN REGION ROSE LAST YEAR


Press Release
For use of information media - Not an official record
TAD/INF/B24/E
FDI TO ASEAN REGION ROSE LAST YEAR

Geneva, Switzerland, 13 February 2003

FDI flows to the ASEAN region continued to rise in the first half of 2002, according to statistics released jointly today by ASEAN and UNCTAD. The 0.4% increase over the same period a year earlier, although slight, was helped by high reinvested earnings, which mitigated the FDI downturn and kept the region´s FDI inflows resilient. More than 75% of the value of FDI flows in 2001 to Malaysia and Singapore, for example, and about 33% to the Philippines, came from reinvested earnings.

The 10 ASEAN member States are Brunei Darussalam, Cambodia, Indonesia, Lao People´s Democratic Republic, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam.

FDI data for the region as a whole, and for individual countries, will be updated regularly. The next major update is scheduled for early September.