Quality infrastructure vital for growth
Quality infrastructure will attract foreign direct investment and is the key to ASEAN’s sustained economic growth, according to a Japanese bank official on May 10. “The ASEAN region needs to give priority to developing good infrastructure. This is a key factor for improving connectivity and long term quality growth in the regional grouping,” said Yasuharu Funahashi, deputy general manager of Mizuho Bank. “Infrastructure development in turn attracts foreign direct investment which will support ASEAN’s role as a major global trading partner,” added Mr Funahashi.