THE current uncertain global environment is an opportune time for Asean member states to find ways to strengthen and help one another, says Datuk Seri Nazir Razak, chair of both World Economic Forum Asean Regional Strategy Group and Asean Regional Business Council. “Given the external environment today, we should reflect on internal opportunities and on what we can do to help one another.
Munir Majid, President of the ASEAN Business Club, proposed on Thursday the listing of regional infrastructure projects to boost liquidity. "There are a few very bankable projects," said Munir, suggesting that their flotation on regional stock markets would stimulate foreign direct investment. At a business roundtable organized by the ABC and its Kuala Lumpur branch in the Vietnamese capital, officials and company executives spoke about the need to raise investment.
ASEAN akan meneliti potensi perjanjian perdagangan bebas (FTA) dengan Kesatuan Ekonomi Eurasia (EAEU) pada mesyuarat pegawai kanan ekonomi ASEAN (SEOM) Ogos ini. Menteri Perdagangan Antarabangsa dan Industri, Datuk Serf Mustapa Mohamed berkata, rundingan dengan pihak Rusia dan empat negara EAEU akan dijalankan selepas mendapat konsensus daripada kesemua negara anggota ASEAN.
Private sector engagement with leaders and ministers in the past has seen insufficient progress in the removal nontariff barriers. The next phase must focus on tangible outcome, with the private sector working through Asean bodies from the bottom up as well. We call for the inclusion of private sector experts in the Asean policy making process,” said Tan Sri Dr. Munir Majid, President of the ASEAN Business Club.
ASEAN was never intended to be that deeply integrated, the Chairman of CIMB Group Nazir Razak has told a group of business leaders at Asia House. Mr Razak explained that when the Association of Southeast Asian Nations came together 49 years ago in Bangkok it was “about the Cold War and the need to pull together in the face of the USA and Russia to preserve the way we do things.”
AirAsiaGroup CEO Tan Sri Tony Fernandes has received another accolade after he was recognised by the US-Asean Business Council with the 'Fourth Pillar' award for contributing to the growth of US-Asean relationships.
By the time this essay is published, the ASEAN Economic Community (AEC) will have become reality, an important milestone in the long and winding road to the economic integration of ten ASEAN economies. However, the AEC has fallen considerably short of the target of “a single market and production base, characterised by free flow of goods, services, and investments, as well as freer flow of capital and skills” articulated in the 2007 ASEAN Charter.
The Asean Business Club (ABC) and Kuala Lumpur Business Club (KLBC) led a highlevel delegation for a joint business mission to Hanoi to explore trade and investment opportunities in Vietnam. The business mission was headed by Minister of International Trade and Industry of Malaysia, Dato' Sri Mustapa Mohamed and was received by the President of Vietnam, H.E. Tran Dai Quang, and the Prime Minister, H.E. Nguyen Xuan Phuc and other cabinet ministers.
Economic and technical cooperation chapters will be the firrst two chapters to be concluded during the 13th round of negotiations, ahead of plans to seal the deal by year-end. "Negotiations on consolidated text are being expedited," he told an Asean Economic Community (AEC) 2025 dialogue session. The RCEP regional trade agreement involves 10 Asean members plus China, Japan, Korea, India, Australia and New Zealand, which together contribute 30 per cent of global GDP.
Dato’ Sri Nazir Razak has been appointed the inaugural chair of the World Economic Forum’s (WEF) Regional Business Council (RBC) which was launched on 25 October 2016 in Hanoi, Vietnam. The RBC is made up of 25 Asean businesses and 30 global companies, who will focus on areas such as building infrastructure, promoting cross-border trade and investment in the region, developing a digital economy, examining the future of jobs and industry in the region, and championing the principles of inclusive growth.