Amidst global economic challenges, the ASEAN region stands out as a symbol of strength and adaptability. Holding the title of the world’s fifth-largest economy, ASEAN boasts impressive numbers: a combined GDP of US$4 trillion, a population of 650 million, over 70 million small and medium-sized businesses, and a potential to grow its economy by US$200 billion. This remarkable growth is powered by its large population, forward-thinking trade policies, and a stable political environment, leading to a rapid increase in the region’s overall wealth.
In 2024, ASEAN’s economy is foreseen to grow 4.5%, higher than the global economy. The region’s inflation is also manageable. ASEAN countries can maintain their interest rates and currency depreciation. These facts show that the region has resilience from the global shock. ASEAN’s economic growth keeps becoming a ‘bright’ and ‘rare’ spot amidst the global market. Therefore, ASEAN will be the epicentrum of growth.
Echoing the ethos of East Ventures Summit 2023, “Prudent and Confident into the New ASEAN growth,” we firmly believe that ASEAN’s vast demographic and infrastructural foundation positions it to thrive amidst geopolitical instability.
In alignment with this vision, East Ventures is actively involved with the ASEAN Business Advisory Council (ASEAN-BAC) Indonesia 2023, focusing on two out of five priority programs: Trade and Investment Facilitation and Sustainable Development. These programs are strengthened with legacy projects to ensure their enduring impact in the future.
East Ventures has embarked on roadshows and events across ASEAN nations since February 2023 to materialize this vision. Notably, Roderick Purwana, Managing Partner at East Ventures, spearheads as the Policy Manager for Investment Facilitation at ASEAN-BAC Indonesia. Concurrently, David Fernando Audy, Operating Partner at East Ventures, serves as the Legacy Lead for Investment Facilitation. At the same time, Avina Sugiarto, Partner at East Ventures, holds a dual role as a member in the ASEAN-BAC Program Priority: Sustainable Development Priority and Carbon Centre of Excellence Program.
