After the successful hosting of ASEAN’s 50th anniversary in the Philippines, Singapore takes over as chairman for 2018.
Last January 17, the Singapore Business Federation in partnership with the ASEAN Business Advisory Council Singapore hosted the ASEAN Outlook Conference which presented the perspectives on ASEAN’s market outlook as well as insights on trends and opportunities. The Conference was attended by Singapore’s Senior Minister of State Ministry of Trade and Industry and Ministry of National Development, Dr. Koh Poh Koon.
ASEAN BAC Philippines Chairman Joey Concepcion also participated in the discussion together with Dr. Robert Yap (ASEAN BAC Singapore), Arin Jira (ASEAN BAC Thailand), Oudet Souvannavong (ASEAN BAC Lao PDR), Nick Nash (SEA Limited) and moderated by Mr. Tay Woon Teck (RSM Singapore).
Following the conference was the networking night where Singapore’s Minister of Trade and Industry Lim Hng Kiang witnessed the ceremonial handing over of ASEAN BAC chairmanship from Philippines to Singapore.
Singapore Business Federation will act as their council’s secretariat which will plan out seminars, trade shows, and market-specific seminars and invite ASEAN government leaders and businessmen. While Philippines focused on inclusive growth and ‘prosperity for all’, Singapore will prioritize digitalization, one of their leading industry.
During his speech, ASEAN BAC 2018 Chairman Dr. Robert Yap focused on the impact of technology in the business landscape in ASEAN. “Technology is fast disrupting the business landscape globally. ASEAN is not spared from the impact of the new technology and new business models which have been disrupting many traditional businesses.” After mentioning technology companies in ASEAN such as SEA, Grab, GoJek, and Tokopedia, he added, “They are excellent examples to prove that digitalization wave is already in ASEAN and businesses would have to look at how to adopt, adapt, and advance.”
ASEAN BAC 2017 Chairman Joey Concepcion said, “We are glad to pass the baton to Singapore for 2018. I am assured that Singapore will continue to create programs which will equip more micro and small entrepreneurs and open them to the endless possibilities and opportunities using technology. We will pledge our support to their chairmanship just like how they have been a partner in ours.”
ASEAN BAC Singapore will be hosting the ASEAN Business Awards and the ASEAN Business and Investment Summit 2018.