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Korea Herald
29-05-2025
- Business
- Korea Herald
Sovereign AI, Resilient Economies, and Regional Connectivity Headline FORTUNE ASEAN-GCC-China and FORTUNE ASEAN-GCC Economic Forums 2025
Landmark forums in Kuala Lumpur close with a high-level call for shared AI governance, infrastructure investment, and inclusive growth across ASEAN, GCC, and China. KUALA LUMPUR, Malaysia, May 29, 2025 /PRNewswire/ -- The FORTUNE ASEAN-GCC-China and FORTUNE ASEAN-GCC Economic Forums 2025 in Kuala Lumpur, Malaysia, have concluded with a clear call to action: Advance sovereign AI, deepen regional economic ties, and adopt inclusive growth strategies to weather global uncertainties. Organized by Fortune in collaboration with the Government of Malaysia, the landmark two-day program convened heads of government, FORTUNE 500 CEOs, industry leaders, and innovation pioneers from ASEAN, the Gulf Cooperation Council (GCC) and China. With the theme "Inclusivity and Sustainability," the forums provided a vital platform for government and business leaders to explore ways in which the 18 participating countries could collaborate to forge a shared economic roadmap for the future. Opening with the Fortune ASEAN-GCC-China Economic Forum (AGCEF) and Gala Dinner on Tuesday, the events catalyzed bold discussions on how to harness shared strengths—from natural resources and capital to digital infrastructure and youth-driven innovation—to navigate today's geopolitical and technological disruptions. At the AGCEF Gala Dinner, the Honourable Dato' Seri Anwar bin Ibrahim, Prime Minister of Malaysia, reaffirmed ASEAN's commitment to centrality, effective engagement, and focusing on economic fundamentals to drive growth. He expressed appreciation for the unprecedented cooperation from ASEAN, GCC, and China, noting the leaders' consensus to issue a joint statement outlining shared principles of good governance, policy clarity, and the protection of citizens' welfare across all three regions. His Excellency Li Qiang, Premier of the People's Republic of China told government ministers, policymakers and business leaders at the Gala Dinner that China, ASEAN, and the GCC countries enjoy a long-standing friendship and cooperation, rooted in a rich historical foundation. He noted that "China stands ready to work with ASEAN and GCC countries to strengthen alignment of development strategies, and deepen cooperation on regional integration. We must also firmly uphold the WTO-centered multilateral trading system, safeguard the stable and unimpeded functioning of industrial and supply chains, and keep breaking new ground in our common development." At the ASEAN-GCC Economic Forum, leaders acknowledged the need for a new framework on global AI cooperation rooted in sovereignty, inclusivity, and digital infrastructure. His Excellency Pham Minh Chinh, Prime Minister of Vietnam told the forum AI is a strategic growth imperative and urged alignment between ASEAN's emerging markets and GCC nations. Leaders also explored strategies to enhance data infrastructure and drive innovation to drive sustainable growth and competitiveness. Unity in Harmony: A Historic Anthem for the Future In a celebration of unity, Fortune used AI to co-create the ASEAN-GCC-China Theme Song - "A Shared Future" (命运共同体) – which was unveiled at the Gala Dinner on Tuesday. Saudi Arabia's first female singer, Dalia Mubarak, was joined onstage by six top artists from across the three regions including Balqees Fathi from United Arab Emirates, Princess Norodom Jenna (Cambodia), Siti Nurhaliza (Malaysia), Laure Shang (China), Dana Al Meer (Qatar) and Văn Mai Hương (Vietnam). Together, they delivered a rousing live performance blending tradition with innovation and serving as a powerful symbol of female empowerment to inspire young female leaders. Images of the debut of "A Shared Future" can be downloaded here. Credit: Courtesy of Fortune Spotlighting Southeast Asia's Strategic Rise The two forums cement Fortune's growing role in highlighting the economic transformation of Southeast Asia and its pivotal position in bridging the East and the West. Collectively, the ASEAN-GCC-China corridor represents over two billion people and 20 per cent of global GDP. "The Fortune ASEAN-GCC-China and ASEAN-GCC Economic Forums 2025 are just the beginning. We are committed to chronicling how these regions define the next era of leadership on AI, energy, and inclusive growth. The forums demonstrate that ASEAN, the GCC, and China are not just responding to change but shaping it," says Clay Chandler, Executive Editor, Asia, Fortune. Looking ahead, Chandler notes, "Fortune will continue to spotlight the region's business transformation, and we are excited to announce the publication of the second annual FORTUNE Southeast Asia 500 next month." AGCEF and AGEF 2025: By the Numbers About the Forums The ASEAN-GCC-China and ASEAN-GCC Economic Forums were hosted by FORTUNE in collaboration with the Government of Malaysia via the Prime Minister's Office. Anchor partners included ADQ, G42 and XRG. Maybank and Guangzhou Industrial Investment Holdings Group supported as strategic partners. Our partners also included Berjaya, Lotus's, IJM Corporation Berhad, CPM, Guangzhou Pharmaceutical Holdings Group, TCL Technology Group Corporation, EPG, BPai Technologies, Newfields and ACCCIM. FORTUNE drives the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today-and that will matter even more tomorrow. With the trusted power to convene and challenge those shaping industry, commerce and society worldwide, FORTUNE lights the path for global leaders and gives them the tools to make business better. For more information, visit .
The Print
22-05-2025
- Business
- The Print
India Pavillion at Malaysia expo inaugurated, showcases indigenous defence products
The participation underscores India's 'strategic push for self-reliance in defence, with the 'India Pavillion' showcasing indigenous technologies including BrahMos and Hindustan Aeronautics Limited-made Dornier aircraft,' it said. The five-day event that kicked off earlier in the day was inaugurated by Prime Minister of Malaysia Anwar bin Ibrahim, the Indian defence ministry said in a statement. New Delhi, May 20 (PTI) Minister of State for Defence Sanjay Seth on Tuesday inaugurated an 'India Pavillion' that showcases the country's indigenous defence industry prowess at the Langkawi International Maritime and Aerospace Exhibition in Malaysia. Seth is leading the Indian delegation and participated in the opening ceremony of the 17th edition of LIMA 2025. Several defence public sector undertakings, including Mazagon Dock Shipbuilders and Hindustan Aeronautics Limited, will be taking part in the mega maritime and aerospace exhibition, the defence ministry had earlier said. The Indian Pavillion, set up in the midst of major countries, speaks volumes of 'growing India's stature in the area of defence production,' the statement said. India and Malaysia have a robust and multi-faceted relationship which has expanded into several strategic areas, including defence and security, under a comprehensive strategic partnership established during the visit of the Prime Minister of Malaysia to India in 2024. An Indian naval ship will also participate in LIMA 2025. LIMA, established in 1991 and held biennially, is regarded as one of the largest and most significant maritime and aerospace exhibitions in the Asia-Pacific region. PTI KND VN VN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
