Latest news with #ASEAN-BAC
Barnama
27-05-2025
- Business
- Barnama
ஆசியான் மாநாட்டின் வழி உறவுகளை வலுவாக்கும் மலேசியா
Prime Minister Datuk Seri Anwar Ibrahim, leading the Malaysian delegation, delivers his speech during the ASEAN Leaders' Interface with representatives of the ASEAN Business Advisory Council (ASEAN-BAC), held in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre on May 26.
Barnama
27-05-2025
- Business
- Barnama
Malaysia's Leadership Under PM Anwar Strengthens ASEAN Cooperation -- Nazir Razak
BUSINESS ASEAN-BAC Malaysia Chairman, Tan Sri Nazir Razak attends the ASEAN Leaders' Interface with ASEAN-BAC Representatives held in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre today. Prime Minister Datuk Seri Anwar Ibrahim, leading the Malaysian delegation, delivers his speech during the ASEAN Leaders' Interface with representatives of the ASEAN Business Advisory Council (ASEAN-BAC), held in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre on May 26. KUALA LUMPUR, May 27 (Bernama) -- Malaysia's leadership under Prime Minister Datuk Seri Anwar Ibrahim has been a unique strength in bringing ASEAN leaders together to discuss and address regional issues collaboratively. ASEAN Business Advisory Council (ASEAN-BAC) Malaysia chair Tan Sri Nazir Razak said that amid a sea change of leaders across ASEAN, Anwar seems very well connected with all of them. 'He (Anwar) is like the one person who's very close to all (ASEAN country leaders), and we look to that unique ability to bring them together so that we can close on some key decisions, such as bringing down non-tariff barriers, greater empowerment to the ASEAN Secretariat and policy changes. 'It can be done, but you need leaders, and sometimes they need to spend that political capital to get things done,' he said in a press conference at the ASEAN Business Forum 2025 Curtain Raiser here today. Nazir added that he is optimistic about ASEAN now, as the region currently has a new momentum. He said the external environment has given it more of a push, hence the ASEAN chairmanship is expected to produce many positive outcomes. According to a joint statement by the organisers, ASEAN Business Forum 2025, organised by CGS International Securities Malaysia Sdn Bhd in collaboration with MBSB Bhd and OCBC Group, will be held at the St Regis Hotel on May 29 in conjunction with the 46th ASEAN Summit 2025 and the ASEAN-GCC-China Summit 2025. Co-hosted with the Malaysian Investment Development Authority (MIDA) and ASEAN-BAC Malaysia, the forum is expected to draw more than 500 attendees, comprising over 200 foreign and local corporates, policymakers and corporate captains representing the region's largest companies of over RM1 trillion in market capitalisation. 'A key highlight of the forum is the corporate engagement and business exchange session designed to drive real business collaboration between pre-screened and pre-selected matching parties from the top 25 corporations and investors across ASEAN and China.
The Sun
27-05-2025
- Business
- The Sun
Malaysia's leadership under PM Anwar strengthens ASEAN cooperation
KUALA LUMPUR: Malaysia's leadership under Prime Minister Datuk Seri Anwar Ibrahim has been a unique strength in bringing ASEAN leaders together to discuss and address regional issues collaboratively. ASEAN Business Advisory Council (ASEAN-BAC) Malaysia chair Tan Sri Nazir Razak said that amid a sea change of leaders across ASEAN, Anwar seems very well connected with all of them. 'He (Anwar) is like the one person who's very close to all (ASEAN country leaders), and we look to that unique ability to bring them together so that we can close on some key decisions, such as bringing down non-tariff barriers, greater empowerment to the ASEAN Secretariat and policy changes. 'It can be done, but you need leaders, and sometimes they need to spend that political capital to get things done,' he said in a press conference at the ASEAN Business Forum 2025 Curtain Raiser here today. Nazir added that he is optimistic about ASEAN now, as the region currently has a new momentum. He said the external environment has given it more of a push, hence the ASEAN chairmanship is expected to produce many positive outcomes. According to a joint statement by the organisers, ASEAN Business Forum 2025, organised by CGS International Securities Malaysia Sdn Bhd in collaboration with MBSB Bhd and OCBC Group, will be held at the St Regis Hotel on May 29 in conjunction with the 46th ASEAN Summit 2025 and the ASEAN-GCC-China Summit 2025. Co-hosted with the Malaysian Investment Development Authority (MIDA) and ASEAN-BAC Malaysia, the forum is expected to draw more than 500 attendees, comprising over 200 foreign and local corporates, policymakers and corporate captains representing the region's largest companies of over RM1 trillion in market capitalisation. 'A key highlight of the forum is the corporate engagement and business exchange session designed to drive real business collaboration between pre-screened and pre-selected matching parties from the top 25 corporations and investors across ASEAN and China. 'It will also feature more than 20 speakers and panellists for discussions and closed-door meetings between investors and policy makers, all focused on addressing challenges and catalysing opportunities for high-value deals and strategic partnerships for regional economic growth,' it said.
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
ASEAN-BAC pushes 12 key initiatives for regional growth
by AUFA MARDHIAH TAN Sri Mohamed Nazir Razak (picture) is urging greater collaboration within the ASEAN business community, saying stronger regional ties are crucial to navigating today's uncertain global environment. Speaking after the ASEAN Business Advisory Council (ASEAN-BAC) interface with ASEAN leaders, Mohamed Nazir said the council had presented 12 priority initiatives, all of which were positively received by regional heads of government. 'We briefed them on our 12 priorities. All the leaders welcomed the work of ASEAN,' he told reporters. He cautioned, however, that while the proposals were well received, actual implementation would require time as officials assess the policy implications of each project. 'These projects are going to take time. Even if the leaders welcome them, the officials will have to go through the policy implications,' he said. The 12 initiatives include the ASEAN Business Entity (ABE), which seeks to establish a unified legal framework to facilitate cross-border operations, and the ASEAN Private Capital Markets Initiative to improve investment flows through regional financial integration. To support capital market development, ASEAN-BAC also proposed the ASEAN IPO Prospectus, a standardised template for IPOs across the region. Other initiatives include the ASEAN Talent Development and Mobility programme to address skill gap and the ASEAN Common Carbon Market Initiative to support climate goals through a shared emissions trading system. The Digital Exchange Platform Malaysia is being developed to streamline trade and investment processes, while the Business-to-business (B2B) Connect Initiative (BCI) aims to improve supply chain resilience and business linkages. Cultural and social initiatives are also part of the agenda, including the ASEAN Identity — ASEAN Games to foster regional unity and the ASEAN Corporate Philanthropy Framework to encourage responsible business practices. The ASEAN Inclusivity Collective (AIC) focuses on advancing diversity and equity, while the ASEAN Sustainability Reporting Advocacy Collaborative (ASRAC) promotes standardised environmental, social and governance (ESG) disclosures. Finally, the Regional and National Artificial Intelligence (AI) Engagement Platforms aim to strengthen collaboration in AI and digital innovation. Together, these initiatives represent ASEAN-BAC's commitment to building a more resilient and future-ready ASEAN economic community. Mohamed Nazir, who chairs the ASEAN-BAC for Malaysia this year, emphasised the need for stronger cooperation between the public and private sectors, as well as among businesses across ASEAN member states. 'As a region, under this trying climate, we have to come together — public and private sectors, and private sectors between countries. 'We all have to work together, try harder to work together because we can do a lot more together,' he added. Mohamed Nazir said the business community is ready to respond to the leaders' call for deeper collaboration, but noted that certain policy adjustments would be helpful in enabling private-sector initiatives. 'We take heed from what the government and the leaders are saying and we want to do it,' he said. Mohamed Nazir also encouraged businesses in the region to focus on tapping intra-ASEAN opportunities, especially given rising external risks. 'With the uncertain global (environment), we look for more opportunities within our countries and within our region,' he added.
The Sun
26-05-2025
- Business
- The Sun
Anwar urges ASEAN-BAC to propose intra-ASEAN trade measures
KUALA LUMPUR: Prime Minister and Chair of the Southeast Asian bloc, Datuk Seri Anwar Ibrahim, has directed the ASEAN Business Advisory Council (ASEAN-BAC) to submit concrete proposals to boost intra-ASEAN trade, which currently accounts for only about 20 per cent of the grouping's total trade. He noted that his counterparts had expressed a shared desire to unlock the region's full economic potential, underscoring the opportunity to significantly expand intra-ASEAN trade. 'Proposals have been made by Presidents and Prime Ministers, and there is actually no reason why the extent of our inter-ASEAN trade and investments is still limited at this stage, as the potential is enormous. 'So please come up with some very specific proposals on how we can compel policymakers to accept some recommendations,' he said in his opening remarks at the ASEAN Leaders' Interface with Representatives of the ASEAN Business Advisory Council (ASEAN-BAC) here today. Anwar, who is also the Finance Minister said the ASEAN-BAC would also be present at all ASEAN meetings as a standard procedure to express their views and provide suggestions. Heads of State/Government present included Brunei Darussalam Sultan Hassanal Bolkiah; Indonesia President Prabowo Subianto; Cambodia Prime Minister Hun Manet; Laos Prime Minister Sonexay Siphandone; Vietnam Prime Minister Pham Minh Chinh; Philippines President Ferdinand Marcos Jr; Singapore Prime Minister Lawrence Wong; and Thailand Prime Minister Paetongtarn Shinawatra. Also in attendance were Timor-Leste Prime Minister Xanana Gusmao, as observer, and ASEAN Secretary-General Dr Kao Kim Hourn. This year marks Malaysia's fifth time chairing the regional bloc, having previously held the ASEAN Chairmanship in 1977, 1997, 2005 and 2015. In conjunction with the summit, two pivotal high-level engagements — the 2nd ASEAN-GCC Summit and the inaugural ASEAN-GCC-China Summit — will also be convened, serving as strategic platforms to advance regional and inter-regional cooperation.
