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Here’s a summary of the important points from YAB PM Anwar Ibrahim’s keynote address at the ASEAN Investment Conference 2025: 1. Global Economic Challenges The global trading system is under strain, with new “Trump tariffs” from the US. Malaysia’s trade relationship with the US is longstanding, but new tariffs could be harmful. Malaysia will use soft diplomacy to engage with the US and adapt through diversification. 2. ASEAN’s Role in a Changing World Amid rising protectionism and weakened multilateralism, ASEAN remains committed to openness and cooperation. ASEAN’s intra-regional trade must be strengthened beyond tariff liberalization, including: Regulatory alignment Cross-border logistics Digital connectivity 3. Strategic Economic Priorities External Engagement: Revitalizing platforms like ASEAN Plus Three to improve economic resilience. Sub-regional Initiatives: Johor–Singapore Special Economic Zone Development of border areas with Thailand and Kalimantan 4. Infrastructure, Climate, and Green Economy Investment in resilient infrastructure is key due to climate change and natural disasters. Green growth is now a strategic necessity: Carbon capture Circular economy Low-emission innovation 5. Digital Economy & SMEs Digital transformation is uneven; rapid AI development could widen inequality. Urgent need to invest in digital literacy, infrastructure, and governance. Support for SMEs: Launch of ASEAN Simplified ESG Disclosure Guide for SMEs to help with sustainability reporting. 6. ASEAN Integration Initiatives ASEAN Power Grid: Transmitting electricity from Vietnam to Singapore through Malaysia. Digital Payment Connectivity: Expanding links from current (Malaysia, Singapore, Indonesia, Thailand) to Cambodia and the rest of ASEAN. Sector Integration: Promote ASEAN as a unified market in financial services, healthcare tourism, logistics, etc. 7. Concluding Vision ASEAN’s strength lies in its durability and evolutionary progress. Despite global challenges, ASEAN can lead by example through unity, pragmatism, and regional integration.