ASEAN-BAC Look Ahead for 2017

 

“ASEAN-BAC Look Ahead for 2017”

The ASEAN Business Advisory Council (ASEAN-BAC) recently held its Chairmanship Turnover ceremony from Laos to the Philippines for 2017and it’s Planning Retreat in Manila last 12-13 October 2016.  Top picture shows outgoing ASEAN BAC Chair from Laos Mr. Oudet Souvannavong (standing left) passing on the ASEAN BAC flag and congratulating the incoming Chair Mr. Joey Concepcion of the Philippines.  Witnessing the turnover is Philippine President Rodrigo Duterte and members of his cabinet which took place on the side of the 42nd Philippine Business Conference which was hosted by the Philippine Chamber of Commerce and Industry at the Marriott Grand Ballroom.  

 

 

ASEAN BAC was created in 2003 by the ASEAN Leaders to serve as the Apex Business Council to put together and champion private-sector concerns and feedback to boost ASEAN's efforts towards faster and more inclusive economic integration.

Above photo shows ASEAN BAC’s new chair Mr. Joey Concepcion hosting a welcome dinner for the council at his residence which was attended by members of the Philippine Senate, Cabinet Secretaries, Ambassadors and top business leaders. In his welcome remarks, Mr. Concepcion stated that theme for the Philippine ASEAN BAC chairmanship in Engaging the World, Prosperity for All. He stressed that he will build on the accomplishments of the Laos chairmanship to deepen the impact of AEC especially for the MSMEs.  He added that the Philippine Government is fully behind the private sector in pushing for reforms that are considered “low hanging fruits” as ASEAN celebrates its 50th anniversary in 2017.   

 

The Mini Planning Retreat in Manila also paved the way for setting various activities, goals and targets by the Council especially its working groups for 2017. Most of the highlighted events in 2017 would be worked out in sync with ASEAN’s meetings given ASEAN BAC’s mandate to interface and provide its Report to Ministers and Leaders. The occasion also provided the Council to be updated on developments and set strategies in pushing for reforms in its priority sectors on Agri-Food, Healthcare, Retail and Logistics.  They likewise put together their plans in furthering integration efforts on key cross-cutting issues as MSME development, Women in Business, Young Entrepreneurs, E Commerce, Trade Facilitation, etc.     

Since 2015 every year ASEAN-BAC has launched Legacy Projects aligned with the each Chairmanship priorities. From Malaysia’s Growth Accelerator Exchange (GAX) project in 2015, Lao Connect in 2016, and now under chairmanship of Philippines, the Council has decided to focus on Marine Connectivity. Dr.Enrico L. Basilio, Chairman, PCCI Transport and Logistics Infra Committee in collaboration with USAID, presented the status of the Roro project connectivity the ports of Davao, General Santos (Philippines) and Bitung of Indonesia.

Mr. Oudet Souvannavong, ASEAN-BAC Chair for 2016 highlighted ASEAN-BAC’s effort and accomplishments in establishing itself as the lead private sector body in the region as mandated by the ASEAN Leaders in the AEC Blueprint 2025. The core programs of ASEAN BAC include the following:

ASEAN Business and Investment Summit

Since the Leaders of ASEAN established it in 2003, the Business Council has been active in promoting public-private sector partnership to assist the integration of an ASEAN Economic Community (AEC). The ASEAN Business and Investment Summit (ASEAN-BIS) is organised by the ASEAN BAC, as the main platform to promote public and private sector partnership and engagement in the region.  Annually, the business summit on average had attracted a total of 700 to 1000 delegates composed of prominent dignitaries, regional and global businessmen, academicians and policy-makers coming from within ASEAN Member States, Dialogue Partners and the rest of the world.

 

ASEAN Business Awards

The ASEAN Business Advisory Council (ASEAN-BAC) Council launched the ASEAN Business Awards (ABA) in 2007 to give recognition to companies that have contributed to the growth and prosperity of the ASEAN economy.

 

Since they were first launched in 2007, ABA has given awards to more than 60 companies throughout the region that excel in categories such as Growth, Employment, Innovation and Corporate Social Responsibility (CSR). Following the success of ABA 2015, ASEAN-BAC expanded categories in 2016 to include the Priority Integration Sectors (PIS), as well as recognising outstanding young entrepreneurs, women entrepreneurs and leaders. Finally, to acknowledge the contribution of non-ASEAN companies in the development the region economies, it also created an award for ‘Friends of ASEAN’.

 

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