ASEAN Business Club leaders to convene for regional economic community
ASEAN Business Club leaders to convene for regional economic community
More than 300 top business leaders from the Association of Southeast Asian Nations (ASEAN) will converge at an economic forum in Singapore next month to tackle trade and industry issues and vie for support for the implementation of one ASEAN Economic Community (AEC), the ASEAN Business Club (ABC) said Wednesday in a press release.
The two-day ASEAN Business Club (ABC) Forum 2014 will take place at the Four Seasons Hotel on September 8, the ABC said.
The leaders will address concerns about the ASEAN region’s readiness for an integrated economic region under the AEC initiative, the corporate sector’s expectations and challenges to AEC, which is set to come into effect on December 31, 2015.
ASEAN Business Club Advisory Council member and AirAsia Group CEO Tan Sri Tony Fernandes will chair the forum, while Lim Hng Kiang, Minister of Trade and Industry of Singapore, will be the guest of honor.
Discussions in the forum will be included in the ASEAN Business Club’s “Lifting-the-Barriers” reports, which will highlight industry barriers and bottlenecks as well as propose solutions. The reports will be delivered on a later date to ASEAN officials, all economic ministers in the region and the media.
Independent research partners Frost & Sullivan, AT Kearney, ZicoLaw, Ernst & Young, Bain & Company, and Accenture are spearheading research for the reports.
With the forum, the ASEAN Business Club aims to promote sector-based discussions to enhance the ASEAN agenda.
It seeks to help better prepare the ASEAN region’s business community for AEC, which will establish a single market and production base by 2015.
It also aims to help attract more investments in the region, initiate reforms, prepare the workforce for market integration and improve the region’s competitiveness alongside neighboring economic giants China, Japan, and India.
The ASEAN Business Club, whose members include some of the most prominent business leaders in the region, is a fully private sector-driven initiative that serves as a forum for ASEAN’s top business leaders to network, collaborate, and play a leading role in the process of ASEAN economic integration.
The forum is organized by the ASEAN Business Club and the CIMB ASEAN Research Institute (CARI), a public organization committed to the development of the ASEAN Economic Community and which serves as the secretariat of the ASEAN Business Club. This year’s forum is sponsored by Silverlake Axis, DBS Bank, and CIMB.
ASEAN is a ten-member bloc which includes Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam.
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