Archive for the ‘ABIS2017’ Category

President Moon Jae-In claims Korea as best partner for ASEAN

Tuesday, November 14th, 2017
H.E. Moon Jae-In, President of the Republic of South Korea.

H.E. Moon Jae-In, President of the Republic of South Korea.

MANILA: November 13, 2017—Republic of Korea’s President Moon Jae-In drew parallels between the stories of shared struggle and triumph between Korea and ASEAN during his keynote address at the ASEAN Business and Investment Summit. Korea and ASEAN states have comparable histories of overcoming periods of turmoil such as colonization, civil unrest, democratization and the Asian Financial Crisis.

Moon shared his vision for our collective futures was banked on a community composed of 3 Ps—people-centered, peace-loving, and mutual prosperity.

Of the first, Moon shared that “ASEAN business leaders first will pursue a people-centric diplomacy. My political philosophy is that people come first. It corresponds with the vision of people-oriented, people-centric community pursued by ASEAN. To share the future together we need to be friends who understand each other.”

A peace-loving community was also tackled by Moon as he committed to ensuring the safety of our collective peoples, specifically with regards to the threat of North Korea.

Mutual prosperity will be pursued by Moon through economic cooperation and investments in ASEAN that will bring in jobs and advance the state of technology. “For the ASEAN countries striving for growth, Korea is the best partner to share the experiences with,” he said.

The President then elaborated on the premier areas for cooperation between the nation state and the regional bloc, namely: transportation, energy, water resource management and Smart ICT.

Korea is known worldwide for its top-of-the-line transport railway system—something many ASEAN member states cannot identify with at the moment. Moon shared that the Korean government is already working with Vietnam to establish a metro system in Hanoi and Ho Chi Minh.

In terms of energy, Korea has several joint ventures in a number of ASEAN countries in hopes of developing the “future of renewable energy cooperation”.

Water resource management is another area of cooperation mention by Moon where various hydro- projects are being done in ASEAN to  espouse better use of water for businesses and localities alike.

The foremost area of cooperation where Korea sees fit is in Smart ICT. Korea is known for having the best Smart ICT infrastructure and they are looking towards ASEAN to pilot and investigate building smart cities.

PM Narendra Modi Envisions the Youth to be ‘Job Creators, Not Just Job Seekers’

Tuesday, November 14th, 2017
H.E. Narendra Modi, Prime Minister of the Republic of India

H.E. Narendra Modi, Prime Minister of the Republic of India

MANILA: November 13, 2017— India’s Prime Minister Narendra Modi talked about India’s growth at an unprecedented scale—largely enabled by digitization—and his hopes of deepening ties between with the ASEAN at the ASEAN Business & Investment Summit 2017.

In his speech, Modi shared key figures that exhibited the positive economic marks India has reaped due to his administration’s movement on eradicating corruption and engaging the citizenry through technology.

“Using technology, we are enhancing responsibility and reducing discretion and corruption. We are using our Unique ID system in financial transactions and taxation for this purpose and the results are already visible (…) Digital transactions have increased by 34 per cent in one year (…) We have used technology to reach out to people. An online citizen engagement platform, MyGov has harnessed ideas, suggestions and inputs on policies and programmes from 2 million pro-active citizens,” he said.

Modi’s people-centric and tech-enabled governance, coupled with a resolve to stop corruption and other government practices that are hindering India’s growth, have brought about great changes that are empowering India’s business community.

“Incorporating a company is now just a one day affair. We have simplified industrial licensing, and introduced online application process for environmental and forest clearances. All these have made opening a new business very easy,” he said.

Modi then shared promising results from the current changes brought by his forward-thinking administration. India has consistently gone up tremendously in world ranking surveys in terms of ease of doing business, global competitiveness, and innovation.

Another inspiring feat achieved by India under Modi’s leadership is creating access to money for the unbanked through the Jan Dhan Yojana, the prime minister’s scheme for financial inclusion. “197 million bank accounts were opened in one year. Till August this year, 290 million such accounts have been opened in Indian banks. Nearly 200 million Ru-pay cards were issued for easy cash-less transactions.”

Finally, Modi ended by expressing India’s intent of being a global manufacturing hub—a similar goal of ASEAN—and his desire for the youth to be job creators; not just job seekers. In this similar quest, India and ASEAN endeavour to grow and champion their small entrepreneurs; Modi lauded the ASEAN Mentorship for Entrepreneurs Network and painted an exciting future for the Asian brothers. “Indeed, for the near future, South and South East Asia will be the growth engine of the world. Hence, building connectivity with ASEAN is a key objective for India. We wish to build land, sea and air connectivity to this dynamic region,” he said.

Duterte Launches AMEN and Commits to Increase Supports for MSMEs

Sunday, November 12th, 2017
President Rodrigo Duterte led the launching of AMEN with ASEAN BAC Chair Joey Concepcion and 143 pioneer mentors from the 10 ASEAN members states during the opening of the ASEAN Business & Investment Summit (ABIS) 2017.

President Rodrigo Duterte led the launching of AMEN with ASEAN BAC Chair Joey Concepcion and 143 pioneer mentors from the 10 ASEAN members states during the opening of the ASEAN Business & Investment Summit (ABIS) 2017.

MANILA: November 12, 2017 – President Rodrigo Roa Duterte graced the launch of the ASEAN Business Advisory Council’s flagship project, the ASEAN Mentorship for Entrepreneurs Network (AMEN) with 143 pioneer mentors from the 10 ASEAN Member States (AMS).

In his speech, Duterte recognized the growing importance of MSMEs who account for over 80% of all businesses in the world. He announced his commitment to propelling MSMEs in the nation and to increase the national budget allocation to further the development of this sector in front of the more than 1,000 delegates present in the summit.

“Next year I would like to make some late changes to the budget. I would like to pour more money into the medium, micro-, and small entrepreneurs (..) Because we found out in our meetings that the basic unit of the economy has always been moved by the MSMEs,” Duterte said.

Aside from the announcement rallying for greater support for MSMEs, Duterte also touched on realizations drawn from the recently concluded APEC meetings. Notably, he shared about his agreement with China’s President Xi Jinping that their people’s welfare, not war, is their ultimate priority. “The only way to go is cooperation. Ideological conflicts are no longer in vogue they are passé,” he said with regards to many pushing the two states to go head-to-head in terms of land disputes.

AMEN is a private-public partnership platform for fellow AMS intended to augment and actively scale up the micro and small enterprises through mentorship and world class teaching modules. Mentorship is a way of educating through intensive guidance in an area that is of interest to both the mentor and mentee.

The mentors are qualified volunteers who are committed to share their knowledge from their extensive experience.

Highly qualified mentors called the Champion Mentors also shared their experiences that led to the success of their businesses. By 2019, AMEN seeks to regulate the ASEAN Mentors Academy where the mentoring system and the modules used will be more systematized.

AMEN’s mentorship program provides a platform to promote best practices and  maximize potential in the path towards inclusive growth throughout the Member States. It seeks to prepare the MSMEs to face the growing challenges in the business community and to scale up their operations to increase the production of their goods and products through the training modules provided in the mentorship program. It is intended to bring the “3Ms” – Money, Markets and Mentorship—of entrepreneurial success, especially to micro and small enterprises.

ASEAN mentors come in big numbers for ABIS

Sunday, November 12th, 2017

AMEN Mentors Meeting Nov 12
Mentors coming from big businesses of Southeast Asia met very early this morning at the City of Dreams to discuss the establishment of the Association of Southeast Asian Nations Mentors Entrepreneurship Network (AMEN), establish a system to certify a mentors pool that would eventually lead to a mentors’ academy.

The idea of AMEN was initiated by the ASEAN Business Advisory Council (ASEAN BAC) chairman Joey Concepcion, founder of Go Negosyo and Presidential Adviser on Entrepreneurship, which had been mentoring Philippine micro small and medium enterprises (MSMEs) for many years.

The session began with a getting-to- know-you among the ASEAN private and public sector delegates, who surprisingly came in big numbers to map out the Manila Declaration that would be presented later today before heads of states and nations attending the ASEAN Leaders Summit.

The Philippines had been implementing its Kapatid or Big Brother mentorship program, a close collaboration and partnership between the Department of Trade and Industry and the Go Negosyo, which Concepcion founded, that has already helped micro small and medium enterprises in 16 regions, 81 provinces, 89 batches and 1780 graduates and 400 certified mentors nationwide.

Through AMEN, it is hoped that the bloc would have an ASEAN Mentors modules, an ASEAN certification program for mentors and an ASEAN Mentors Academy.

Establishing a regional mentorship program is a “history happening” for the bloc to ensure that MSMEs would be better equipped to face the global market challenges, said Merly Cruz of the Philippine Center for Entrepreneurship.

Henry Widjaja, chairman of Dharma Bhakti Astra Foundation of Indonesia presented to the delegates the mentoring program it implemented to its SMEs imparting in them the core values of compassionate, adaptive, responsible and excellent (CARE) businesses as it undertook six stages in helping the small enterprises. These stages are: leading sector projects; prospecting foster fathers; pilot SME development; mentor addition; establishment of cooperatives and the self-reliance process.

Just like Kapatid program of the Philippines, Indonesia’s mentorship program entailed mentoring; market facilitation and financial facilitation, Widjaja said.

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Entrepreneurship in the Digital Economy

Friday, November 10th, 2017

05 Digital Economy
With more than half of the world’s population now online, the digital economy is considered as a dominant force in the world economy. According to the European Commission, “the digital economy now contributes up to eight percent of the GDP of G-20 major economies [and is] the single most important driver of innovation competitiveness and growth.” In fact, McKinsey reported that in 2015, the value of the world trade in digital services surpassed that of goods. Pricewaterhouse Coopers also reported that in 2016, five out of 10 of the world’s largest companies by market capitalization were tech companies—Apple, Alphabet, Microsoft, Facebook and Amazon.

Digital economy today, is touted as the new economy of the world. In the U.S. Department of Commerce’s report on The Emerging Digital Economy, the new economy is said to be based on “industries and forms of IT-enabled business activity […]. These include the IT industry itself, electronic commerce among business, the digital delivery of goods and services and the IT-supported retail sales of tangible goods services.”

In the context of ASEAN, a digital revolution will radically transform the region by 2025 according to an analysis done by A.T. Kearney. In the analysis, the digital economy will affect five main areas in the region as seen in the figure below.

figure10

During the World Economic Forum on ASEAN, Co-founder and Managing Partner Patrick Walujo of Northstar Group said that the Fourth Industrial Revolution (a.k.a. the Digital Revolution) is the first time that Southeast Asia “has a chance to compete with the global players.” This is true considering that Southeast Asia is rapidly growing in terms of its number of digital citizens. As of January 2017, 220 million out of the region’s 630 million people are internet users. 211 million ASEAN citizens are active social network users, translating to a 34% social network penetration rate, above the global average of 29%. Most startling however, is that the ASEAN has a 119% mobile penetration rate compared to the global average of 98%, indicating that everyone in the region has at least one cell phone.

Thus, this session on entrepreneurship and the digital economy, leverages on this idea of the ASEAN’s vast untapped market potential. According to a WeAreSocial study, the number of digital citizens present in the ASEAN is constantly rising by double digit percentages and the current market potential is twice the size of the US and larger than that of Europe. With the great number of people now having access to the internet, the e-commerce market of ASEAN is still on its infancy stage. Though the Singaporean e-commerce market is more mature and the Malaysian market is more dynamic, in Indonesia, Thailand, the Philippines and Vietnam, e-commerce is still at a very early stage and remain an important reservoir of growth for ASEAN. Optimistically, A.T. Kearney forecasts a theoretical market size of USD67-89 billion for ASEAN in the future. This attracts many big investors and companies such as e-commerce giants Amazon and Alibaba to the region.

To shed further light on this topic, local and global champions of the digital revolution will come together to discuss the most pertinent issues regarding entrepreneurship’s role in our fast-changing world.

ABIS  2017 is the biggest and most prestigious business event in ASEAN  set to be a three-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 know more about this year’s ABIS, visit  www.abis2017.com.

India and Russia’s Prime Ministers lead stellar cast of speakers at the ASEAN Business & Investment Summit 2017!

Tuesday, November 7th, 2017
ASEAN BAC Chair Joey Concepcion along with ASEAN BAC PH Members Tessie Sy-Coson and George Barcelon answered questions from the media regarding the upcoming ASEAN Business and Investment Summit. Program Chair Jopin Romero was also present to discuss what's in store for the biggest event of this year's council.

ASEAN BAC Chair Joey Concepcion along with ASEAN BAC PH Members Tessie Sy-Coson and George Barcelon answered questions from the media regarding the upcoming ASEAN Business and Investment Summit. Program Chair Jopin Romero was also present to discuss what’s in store for the biggest event of this year’s council.

MAKATI: November 3, 2017– Various press outfits attended the press conference held at the Manila Polo Club for the highly anticipated ASEAN Business & Investment Summit 2017 (ABIS 2017) on November 12 to 14, 2017. The summit which will be held in Solaire Resort & Casino, Manila will be the biggest gathering of business and state leaders from the ASEAN and beyond.

ASEAN Business Advisory Council (ASEAN-BAC) Chairman and Presidential Adviser for Entrepreneurship Joey Concepcion officially welcomed the press and gave an opening message about the framework behind his vision of prosperity for all — the 3 Ms of Entrepreneurship (Money, Markets, and Mentorship). Concepcion also confirmed the attendance of Prime Minster Narendra Modi of India and Prime Minister Dmitry Medvedev of Russia.

“We are fortunate to have the Prime Minister of India and Russia as confirmed speakers in our event. We’ve also invited several other state leaders from the ASEAN and beyond. Having these state leaders along with the roster of experts in our five forums is a testament to the importance of creating prosperity for all in the ASEAN,” ASEAN-BAC Chairman Concepcion said.

H.E. Narendra Modi (Prime Minister, Republic of India) and H.E. Dmitry Medvedev (Prime Minister, Federation of Russia).

H.E. Narendra Modi (Prime Minister, Republic of India) and H.E. Dmitry Medvedev (Prime Minister, Federation of Russia).

ASEAN-BAC Members Teresita Sy-Coson and George Barcelon along with ASEAN-BAC Executive Director Gil Gonzales were also present. They shared their insights on questions raised by press on issues such as infrastructure development, connectivity, standardizing business registration, security initiatives, and advice for small entrepreneurs in the face of integration.

A key highlight of the press conference covered the ASEAN Mentorship for Entrepreneurs Network launch. Concepcion imparted that the Network would be the first of its kind in the region and will pool together 280 academicians, entrepreneurs, and business practitioners. The Philippines currently has the highest pool of mentors at 53.

ASEAN-BAC Adviser and Program Chair of ABIS 2017 Josephine Ramos served as the host and gave the run down of the event’s program and speakers. The three-day summit will cover keynote addresses by state leaders, and will feature five forums covering infrastructure development, women economic empowerment & human capital development, access to money and markets, the sharing economy, and entrepreneurship in the digital economy.

Shared Economy

Monday, November 6th, 2017

04 Shared Economy
Home to over 663 million people, the ASEAN region offers one of the most promising markets for shared services. The growth of ‘sharing economy’ globally has been dramatic since early 2000s. Today, it is rapidly expanding across Southeast Asia, drawing the attention of tech-savvy consumers — with a global revenue projected to plateau at US$335 billion by 2025.

Often referred to as ‘collaborative consumption,’ this rising business model is undeniably attracting more and more Southeast Asian consumers. The outpour comes with one compelling reason — sharing services provides solutions to everyday problems that consumers have long been suffering from, particularly transportation and infrastructure chaos in major cities.

Generally, these innovative technologies help address inefficiencies in the market and underutilization of goods and services. Beyond this, the most successful shared economy business models have proven themselves as the biggest revenue accumulator, most dynamic job generator, and quite encouraging in fortifying old business enterprises and birthing new ones.

With governments overwhelmed by unprecedented disruptive innovations in the market, it is timely for business leaders, policy makers and state leaders to forge a collaboration to safeguard the potentials of this emerging business model. Especially that Southeast Asia, the world’s fourth largest internet market, remains a viable destination for internet-based and sharing services.

To address the vital role played by connectivity in achieving such progress, the ASEAN included it in its priority projects. Its connectivity plan aspires to succeed through a three-pronged strategy. It is geared to enhance physical infrastructure development (physical connectivity), boost effective institutions, mechanisms and processes (institutional connectivity) and empower people (people-to-people connectivity).

ASEAN’s rally towards building a sustainable infrastructure among its 10 member states could definitely benefit collaborative consumption since sharing services enterprises rely mainly on digital and physical infrastructure.

Due to the novelty of the ‘sharing economy,’ what can be said of its impact to the overall economy of our young ASEAN Economic Community? What are the next industries/sectors projected as most primed for this new way of living?

Integral to the development of this emerging market, today’s leading ASEAN game changers will tackle pragmatic approaches to harness the sharing economy’s potential and its implications to their fields by discussing their best practices and sharing how they have overcome hurdles in order to achieve a sustainable roadmap for the future.

ABIS  2017 is  the biggest and most prestigious business event in ASEAN  set to be a three-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 know more about this year’s ABIS, visit  www.abis2017.com.

The region’s biggest and most prestigious business event comes to Manila

Friday, November 3rd, 2017
The ASEAN Business & Investment Summit will be on Nov 12 to 14, 2017

The ASEAN Business & Investment Summit will be on Nov 12 to 14, 2017

The region’s biggest and most prestigious business event comes to Manila

Strong line-up of internationally acclaimed speakers from business, investor and policymaking communities along with keynote speeches from world leaders to make case for “prosperity for all”

October 27, 2017 / Manila, Philippines. The Philippines will play host to the ASEAN Business & Investment Summit 2017 (ABIS) from November 13-14, 2017 at the Solaire Grand Ballroom in Parañaque City. ABIS is the premier annual event of the ASEAN Business Advisory Council (ABAC) that brings attention to investment opportunities, global issues and key strategic directions in the ASEAN today. With the theme World Leaders’ Roadmap Towards Prosperity for All, the event promotes dialogue among the private sector and with the region’s leaders including Heads of State, Ministers of ASEAN Member States and ASEAN partners.

“This year’s ASEAN Business and Investment Summit is gathering the leaders from the business, investor, and policymaking communities who play an integral role in making “prosperity for all” more than just a mere motto and into our future reality,” said Joey Concepcion, ABAC Chair. “With dialogues that will touch on the most pertinent issues in development and business, the event hopes to be a stepping stone leading towards public-private partnerships favoring inclusive business and consequentially, inclusive growth.”

Through forums tackling multi-channel connectivity, infrastructure development, entrepreneurial empowerment, disruptive innovation, and entrepreneurship in the digital economy, the two-day summit aims to provide corporate leaders, government executives, MSMEs, youth & women leaders, and various enablers with key insights allowing them to effectively leverage the burgeoning economy of the ASEAN. The list of distinguished speakers who have confirmed to date are H.E. Aung San Suu Kyi, State Counselor of Myanmar; Alex Feldman, US-ASEAN Business Council; David Foote, Zennya; Dr. Robert Yap, YCH Group; Dr. Shamshad Akhtar, United Nations; Dr. Yuri Sato, Japan External Trade Organization (JETRO); Enrique Razon, International Container Terminal Services Inc.; Gov. Nestor Espenilla, Bangko Sentral ng Pilipinas; Jaime Zobel de Ayala II, Ayala Corp.; Manny Pangilinan, PLDT Group; Mario Pezzini, Organisation for Economic Co-operation and Development (OECD); Nick Nash, Sea Group; Pornthida Wongphatharakul, Siam Organic; Prof. Hidetoshi Nishimura, Economic Research Institute for ASEAN (ERIA); Sirina Sisombat-Hervy, Sinuok Coffee; Teresita Sy-Coson, SM Investments Corp.; and Tony Fernandes, AirAsia; with many more expected to confirm in the following days.

During the event, ABAC will also launch the ASEAN Mentors for Entrepreneurs Network (AMEN), a private-public partnership platform where mentors and world class teaching modules for micro, small and medium enterprise empowerment can be developed and actively shared among ASEAN Member States.

“At ABAC, we believe that the private sector can create the biggest impact in terms of promoting inclusive growth by focusing on the 3 M’s. These are Mentorship, which is the purpose of AMEN, Money and Market. Mentorship is the most powerful tool in helping entrepreneurs, especially the marginalized micro and small entrepreneurs, move up from survival to sustainability but they also need access to credit to bring their ideas to life as well access to bigger markets, through new platforms like e-commerce, to flourish,” adds Chairman Concepcion.

Tickets for ABIS are made available through a pre-registration basis. Interested applicants may register through www.abis2017.com and will be subject to a screening process. Tickets for sale are Gold US$1,000 (Php 50,000), Silver US$500 (Php25,000) and Bronze US$250 (Php 13,500). Visit the website at www.abis2017.com

 

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JOIN THE CONVERSATION: What needs to be prioritized by leaders for better prosperity in ASEAN

Friday, October 27th, 2017

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Former US Ambassador of the Asian Development Bank Curtis Chan said in an interview for Yale Insights that in order for the Southeast Asian region to reach its potential of becoming the next global economic superstar, the region must first focus on what he calls the ‘little BRIC’— bureaucracy, regulation, interventionism by government, and corruption.

“Clearly, government structures and regulation are necessary, but when does it go too far and reduce the incentives to start a company or hire more people? When is there too much government interventionism in an economy? When is corruption out of hand? For me, the little BRIC is the true economic constraint on growth in Southeast Asia, in ASEAN, and the world,” Chan said in the interview.

Prosperity for All has been an ongoing mantra for the business sector during the 50th year of ASEAN. In the upcoming ASEAN Business & Investment Summit on November 13-14, many world leaders in both the private and public sector will come together to discuss the “Roadmap Towards Prosperity For All.” Thus, many are wondering what issues should these leaders prioritize?

In an article released by the World Bank last May following the World Economic Forum on ASEAN, Nicholas Fang and Simon Tay said that a people-focused economy is rising. In the next 50 years, the development of small business are said to be “the most effective and sustainable solution for creating more inclusive growth.” Furthermore, WEF said that the ASEAN needs to adopt a multi-stakeholder approach, raising awareness of ASEAN, and leverage the potential of its people.

What do you think leaders should prioritize to achieve prosperity for all?

 

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ABIS  2017 is the biggest and most prestigious business event in ASEAN  set to be a three-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 this year’s ABIS, register now at www.abis2017.com.

How to get the most of your ABIS experience

Friday, October 27th, 2017

ASEAN BAC PH Web Banner ABIS 2017 600p
One of the biggest business events this year is just around the corner. Gathering a number of top level executives from diverse sectors, distinguished thought leaders, entrepreneurs, enablers and champions from the private and public sector, the ASEAN Business and Investments Summit is expected to be an eventful three days sparked with rich dialogues and investment opportunities among the ASEAN Economic Community. Here’s how to get the most out of your ABIS experience:

  1.   Know your goals

As you prepare yourself to attend this year’s ABIS, it is important to remember why you chose to attend in the first place. Is it your goal to engage in conversations and build your network? Do you aim to assimilate as much information from the summit sessions? Setting your goals beforehand can help you get around and meet people and get the most out of it.

  1.   Arrive early

Get to the venue as early as possible to avoid any hassle. This will also allow you to engage in early conversations with small groups before the event.

  1.   Use the app

Maximize your ABIS 2017 experience by downloading and using the app for the event. This handy technology will help you get around and know important information regarding the sessions.

  1.   Take notes

While it’s important to listen and immerse your mind in the rich discussions, the profuse amount of information may be too much for you to remember. Taking notes is a good way to recall the noteworthy parts of the discussions post event, whether it’s on a good old notepad or on your gadgets.

  1.   Socialize

The three-day event is a perfect opportunity to build your network. Being one of the biggest business events to be staged this year, ABIS will be graced by renowned leaders and business tycoons, gathering guests from the different sectors of business and the government. Bring a number of business cards to pass around, but note that it is also important to limit it only to the ones you really aim to get in touch afterwards.

ABIS  2017 is  the biggest and most prestigious business event in ASEAN  set to be a three-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 this year’s ABIS, register now at www.abis2017.com.