On to ASEAN 100: Perspectives of The World Today and Beyond

October 20th, 2017

Onto ASEAN 100
Halfway through a century, state and business leaders are set to examine the region’s business outlook and investment opportunities at the ASEAN Business and Investment Summit 2017.

This year’s business and investments summit is a significant gathering for the ASEAN community where it can evaluate its performance as a regional bloc and assess the key investment areas with the global audience in the 2-day summit to be held in Manila.

With vital changes occurring in the region, ASEAN’s 50th year serves as a milestone to look at what lies ahead for the ASEAN and the world.

Notably, the ASEAN Economic Community (AEC) has a combined gross domestic product of $2.4 trillion, currently the third fastest growing major Asian economy after China and India.

In 2015, ASEAN’s total trade amounted to US$2.3 trillion, which accounts  for 7.6% share of the world’s total trade, placing fourth after China with 13.8%, USA with 13.6% and Germany with 8.0%.

While the intra-ASEAN investment remained stable accounting for 18.4% of ASEAN net foreign direct investment inflows compared to 17.0% in 2014, FDI inflows in ASEAN declined by 7% from US$130 billion in 2014 to US$121 billion in 2015.

What makes for these changes and developments? How does the democratization of processes and liberalization of economies influenced the growth of urban areas in the region? How can the region have a sustainable and inclusive influx of investments?

ABIS hopes to address these questions in the first forum,  ‘On to ASEAN 100: Perspectives of The World Today and Beyond’  which will be comprised of multilateral leaders, former heads of governments and states, scholars, investors, and citizens who will share their outlook on ASEAN’s position for growth and leadership.

In retrospect, the region has had experienced a fair share of both challenges and triumphs since its foundation and decades after the aftermath of the Asian Financial Crisis, the ASEAN remains as a cohesive region collectively seeking to address the economic problems and sociopolitical issues it faces.

The long-standing mission of member-states to achieve regional integration and connectivity evidences the creation of a roadmap towards prosperity for all.

ASEAN’s position as the hub of the East Asian region is supported by efforts to deepen and widen regional connectivity. Analysts suggest that broader connectivity with its global partners can strengthen ASEAN’s expanding reach in the long-run.

This forum is anchored on the ASEAN Master Plan which boldly envisions  securing a connected ASEAN, through an enhanced physical infrastructure development or physical connectivity, by effective institutional arrangements or institutional connectivity and via empowered people or people-to-people connectivity. This three-fold agenda requires not only the development of new strategies and institutions, but also investment in more effective implementation of existing and future initiatives.

ABIS  2017 is  the biggest and most prestigious business event in ASEAN  set to be a two-day conference presented by the ASEAN Business Advisory Council which will bring attention to the business, investment opportunities, global issues, and key strategic directions that impact on business opportunities for ASEAN member nations today.

To join ABIS 2017, register now at www.abis2017.com