ASEAN BUSINESS ADVISORY COUNCIL
ASEAN Business and Investment Summit
Singapore plays host to the 2007 ASEAN Business andInvestment Summit
16-18 November 2007
ASEAN Economic Ministers and Business Leaders
to discuss greater public-private sector collaboration
63 nominations received for the Inaugural ASEAN Business Awards
to honour ASEAN’s most admired home-grown enterprises
SINGAPORE, 15 October 2007 – Over 1,000 top government officials and leading business executives from the ten ASEAN member countries, as well as representatives from Asia are expected to attend the 2007 ASEAN Business and Investment Summit (ASEAN-BIS) from 16th to 18th November at Suntec Singapore.
Singapore Prime Minister Lee Hsien Loong will open ASEAN-BIS 2007 on 17th November. The theme for this year’s ASEAN-BIS is ‘One ASEAN at the Heart of Dynamic Asia’, in line with the ASEAN Leaders’ Summit which will be held immediately after the 3-day event. ASEAN-BIS will encompass business networking and dialogue sessions on topics pertinent to the region today for delegates.
The future of ASEAN in the face of integration willbe discussed at a dialogue session that will kick off ASEAN-BIS on the first day. The session will feature eminent speakers including, Musa Hitam, former Malaysian Deputy Prime Minister, Mr Kasemsamosorn Kasemsri, former Thai Deputy Prime Minister and Foreign Minister, Mr Ali Alatas,former Indonesian Foreign Minister and ASEAN Secretary-General Ong Keng Yong.
Top business leaders such as DHL Express’ Daniel McHugh and Piyush Gupta, Citigroup’s Country Officer in Singapore will talk about the economic aspects of ASEAN integration and what it means for Asia. While delegates who want to get a broader perspective on crucial regional developments and how ASEAN companies can position themselves to stay competitive can gain insights from speakers at the ‘Dynamic Asia’ session such as Fang Ai Lian, Chairman of Ernst & Young Singapore, Anirudha Dutta, Senior Research Analyst, CLSA Group, Lee Howell, Director, Head of Asia for the World Economic Forum and Prof Tan Kong Yam, Director of the Asian Research Centre at the Nanyang Technological University of Singapore.
While ASEAN and Asian businessmen share their experience in the session titled the ‘Rise of ASEAN and Asian MNCs’, with case-studies of businesses which have managed to capitalise on opportunities in the region even in the face of events like the 1997 financial crisis. Speakers at the session include Dion Weisler, Vice President & General Manager for South Asia, Lenovo and Sunny Verghese, Group Managing Director & CEO, Olam International Limited.
One of the main highlights of ASEAN-BIS is the opportunity for participants to engage the various Economic Ministers from the ten ASEAN countries during a special dialogue session and discuss current issues such as ASEAN integration and government initiatives to facilitate business in their countries. Indonesian Trade Minister Dr Mari Elka Pangestu, Singapore’s Trade & Industry Minister Mr Lim Hng Kiang and their Malaysian counterpart Rafidah Aziz have confirmed their attendance for the session so far.
“ASEAN is on the verge of entering its Golden Age –the region is moving steadily towards its 2015 vision of becoming a single market which would combine the resources of over 550 million people with the third largest GDP in Asia, ASEAN’s enormous potential cannot be denied. The 2007 ASEAN-BIS aims to bring together top government policy makers and businessmen from the region to facilitate dialogue, with the end goal of one united ASEAN”, stated Dr Robert Yap, Chairman of the ASEAN Business Advisory Council.
The 2007 ASEAN-BIS will also play host to the inaugural ASEAN Business Awards (ABA), which seeks to further promote and foster the growth of homegrown enterprises and entrepreneurship within ASEAN. Singapore’s Senior Minister Goh Chok Tong will crown the winners of the first-ever ASEAN Business Awards at the ASEAN-BIS Gala Dinner and bring the summit to a fitting close.
Since its launch in April this year, a total of 63 nominations for the awards have been received from across ASEAN, including Brunei, Indonesia, LaoPDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.
“The number of nominations has surpassed our expectations and it is heartening to note the wonderful reception to the inaugural ASEAN Business Awards,” stated Ms Low Sin Leng, who chairs the ASEAN Business Awards (ABA) Committee and is also the executive chairman of SembCorp Park Holdings. “The diversity of the nominees reflects the strong growth across the different industries in ASEAN. This bears strong testimony that ASEAN companies are scaling new heights in this exciting moment in the history of the region,” she said.
Up to 12 finalists will be shortlisted by an independent panel of distinguished judges comprising top business figures, economists and academics from all the participating ASEAN countries. J Y Pillay, Chairman of the Singapore Exchange, will be Chairman of the panel of judges. From the finalists, 4 will be crowned the ‘Most Admired ASEAN Enterprises” in the areas of Growth, Employment, Innovation and Corporate Social Responsibility.
The 2007 ASEAN-BIS is organised by the ASEAN Business Advisory Council and co-organised by the Singapore Business Federation, which is also hosting the event.
The Chairman of ASEAN-BAC for 2007 is Dr. Robert Yap from Singapore. Dr. Yap is Council member of the Singapore Business Federation and Chairman and CEO of the YCH Group. Singapore’s other two ASEAN-BAC representatives are Ms Low Sin Leng, Chairman of the ASEAN Business Awards Committee and Executive Chairman of SembCorp Park Holdings; and Mr. Sunny Verghese, Group Managing Director & Chief Executive Officer of Olam International Ltd.
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