The Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) continues to be an attractive hub for foreign and domestic investments, said Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah at the launch of BIMP-EAGA Trade Convention 2023 (BETCON 23) at Bridex Hall, Jerudong.
The minister said the sub-region saw foreign direct investments in 2022 rose to USD19.9 billion, a 46.7 per cent increase from 2021. Meanwhile, domestic investments grew to USD8.7 billion in 2022, an increase of 19.3 per cent compared to 2021.
“Tourism is showing full recovery, with arrivals increasing by 137.3 per cent to 114.8 million in 2022 from 48.4 million in 2021,” said the minister.
--- Courtesy of Borneo Bulletin