AI GOVERNANCE AND ETHICS – GENERATIVE AI EXPANDED ASEAN GUIDE ON EXPANDEDASEANGUIDEON AGOVERNANCE ANDETHICS - GENERATIVEA Executive Summary Executive Summary What this Expanded Guide is for WhatthisExpandedGuideisfor This document supplements and supports the ASEAN Guide on AI Governance and Ethics (2024) with policy considerations related to generative AI (Gen AI). It provides a view of the opportunities and risks of Gen AI and recommends a range of policy actions for ASEAN to support its responsible adopt ...

2131d4eaf4cb4d50b1d51c8af07b64b4 30 October 2024 | 4:44PM EDT Macro at a Glance: Latest views and forecasts | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------| | | | | Download PDF \| Download PowerPoint To subscribe to Macro at a Glance, visit the page and click "Follow." | Allison Nathan +1(212)357-7504 \| allison.nathan@gs.com Gol ...

FDI Trends in ASEAN - FDI inflows to ASEAN reached a record $230 billion in 2023, marking the third consecutive year of increase despite a 10% decline in global FDI [35] - The top five industries accounted for 86% of inflows, with financial activities seeing a 53% increase to $92 billion [36] - Manufacturing FDI remained significant at $50 billion, with greenfield investment projects in manufacturing more than doubling in 2023 [39] - The United States and China were the top investors, with US FDI more than doubling to $74 billion, while Chinese FDI rose by nearly 20% to $17 billion [39][88] Renewable Energy and EV Investments - Investment in renewable energy-related industries attracted an average of $27 billion annually in greenfield projects from 2020-2023, accounting for 25% of total greenfield investments [40] - Investment in renewable energy generation rose from an annual average of $11 billion (2015-2019) to $14 billion (2020-2023), with two-thirds focused on solar and wind power [41] - Chinese companies are increasingly investing in the EV supply chain, with significant projects in battery production and EV assembly across ASEAN [57][138] Manufacturing and High-Value Services - Manufacturing FDI in ASEAN doubled during the AEC 2025 period, reaching an all-time high of $73 billion in 2022 [50] - FDI in high-value-added services, including R&D, grew by 56% during AEC 2025, with significant investments in professional, scientific, and technical services [62] - The semiconductor and electronics industries saw greenfield investment announcements more than double during AEC 2025, with an average of $5.6 billion annually [56] Digital Economy and Infrastructure - International investment in the digital economy, including e-commerce, fintech, and digital infrastructure, rose significantly, with greenfield investment in communication and data processing growing fivefold to $4.4 billion during AEC 2025 [58] - Digital infrastructure such as 5G networks and data centers are becoming critical for regional connectivity and Industry 4.0 development [58] Chinese Investment in ASEAN - Chinese FDI in ASEAN has grown significantly, with manufacturing investment increasing at a 33% CAGR since 2020, driven by industries such as automotive, electronics, and renewables [122][138] - Chinese companies are also heavily involved in non-equity investments, including international contracts for infrastructure development, with $290 billion worth of construction activities in ASEAN from 2010-2023 [151] - The ASEAN-China FTA and RCEP have been key drivers of Chinese investment, with many companies planning to expand operations in ASEAN due to market access and regional integration benefits [149][153]