ASEAN BAC Brings Prosperity for All

May 8th, 2017

“If only few countries benefit and the rest will struggle, nothing will happen. Creating prosperity for all and leaving no nation behind is to me the most important objective of ASEAN.”

This is what I have shared to all the delegates and guests who attended the Prosperity for All Summit last Friday, April 28, 2017. It was a successful gathering of government partners, business leaders and entrepreneurship enablers. Together with the ASEAN Business Advisory Council members, we welcomed the Prime Minister of Malaysia, His Excellency Dato’ Sri Najib Tun Razak, and Prime Minister of the Kingdom of Thailand, His Excellency General Prayut Chan-o-cha (Ret.).

We are also fortunate to have former President Gloria Macapagal-Arroyo, Vice President Leni Robredo, Sen. Miguel Zubiri, and Sen. Bam Aquino. Secretary Bebot Bello also dropped by to witness the summit. Of course, my partner, Sec. Ramon Lopez also joined the discussion on creating an enabling environment. Science and Technology Secretary Boy Dela Peña participated in the forum on technology and innovation.

With more than 1000 guests, our objective to promote inclusive growth has been fulfilled. We hope that through the messages and forum discussions, we were able to present what needs to be done to bring greater success to our micro and small entrepreneurs.

Here are some highlights:

Malaysia Prime Minister Dato’ Sri Najib Tun Razak delivered the keynote speech in the morning session of the summit. His Excellency Prime Minister Razak said that ASEAN must “raise awareness… and to make it feel real, relevant, and tangible, to all our citizens.”

Malaysia Prime Minister Dato’ Sri Najib Tun Razak delivered the keynote speech in the morning session of the summit. His Excellency Prime Minister Razak said that ASEAN must “raise awareness… and to make it feel real, relevant, and tangible, to all our citizens.”

Rami Sharaf, Senior Vice President of the Royal Group (Cambodia) joined the discussion on enabling an environment for micro and small entrepreneurs. Cathy Yang, anchor-managing editor of ANC, moderated the first session.

Rami Sharaf, Senior Vice President of the Royal Group (Cambodia) joined the discussion on enabling an environment for micro and small entrepreneurs. Cathy Yang, anchor-managing editor of ANC, moderated the first session.

Secretary Ramon Lopez reiterated the 7Ms that need to be strengthened to support and enable our MSMEs.

Secretary Ramon Lopez reiterated the 7Ms that need to be strengthened to support and enable our MSMEs.

Former President and Congresswoman Gloria Macapagal-Arroyo talked about the history and conditions that led her to put forward the concerns of MSMEs as a key policy area for economic development.

Former President and Congresswoman Gloria Macapagal-Arroyo talked about the history and conditions that led her to put forward the concerns of MSMEs as a key policy area for economic development.

Dr. William Dar and Sen. Bam Aquino also took part of the first session. Sen. Bam talked about the Go Negosyo Act and how it has helped more MSMEs in all areas of the country. Dr. Dar highlighted the importance of modernizing and advancing the technology to enable MSMEs.

Dr. William Dar and Sen. Bam Aquino also took part of the first session. Sen. Bam talked about the Go Negosyo Act and how it has helped more MSMEs in all areas of the country. Dr. Dar highlighted the importance of modernizing and advancing the technology to enable MSMEs.

Vice President Leni Robredo presented ways on how we can create an inclusive environment for micro and small entrepreneurs. She said, “This is why putting the welfare of MSMEs at the center of ASEAN’s agenda – essentially inclusive growth – is the challenge of our time.”

Vice President Leni Robredo presented ways on how we can create an inclusive environment for micro and small entrepreneurs. She said, “This is why putting the welfare of MSMEs at the center of ASEAN’s agenda – essentially inclusive growth – is the challenge of our time.”

Coco Alcuaz, former business news head of ANC, moderated the discussion on ASEAN market trends.

Coco Alcuaz, former business news head of ANC, moderated the discussion on ASEAN market trends.

DTI Undersecretary Nora Terrado and Sen. Miguel Zubiri participated in the discussion on strengthening the ASEAN market to access global markets.

DTI Undersecretary Nora Terrado and Sen. Miguel Zubiri participated in the discussion on strengthening the ASEAN market to access global markets.

Philippine Chamber of Commerce and Industry President and ASEAN Business Advisory Council Philippines Member George Barcelon highlighted the collaboration of chambers to consolidate markets. He stressed that connectivity and going digital is important and crucial.

Philippine Chamber of Commerce and Industry President and ASEAN Business Advisory Council Philippines Member George Barcelon highlighted the collaboration of chambers to consolidate markets. He stressed that connectivity and going digital is important and crucial.

ASEAN BAC Chairman Joey Concepcion greeted Myanmar’s Union Minister for Planning and Finance His Excellency Kyaw Win who represented H.E. Aung San Suu Kyi.

ASEAN BAC Chairman Joey Concepcion greeted Myanmar’s Union Minister for Planning and Finance His Excellency Kyaw Win who represented H.E. Aung San Suu Kyi.

Alex Buenaventura of Land Bank Philippines and Jojo Flores of Plug and Play Tech Center joined the discussion on funding.

Alex Buenaventura of Land Bank Philippines and Jojo Flores of Plug and Play Tech Center joined the discussion on funding.

Raymond Kwong, CEO and Managing Director of Silverlake Axis Group (Malaysia) said that if MSMEs who comprise about 80% of the total business sector can have access to financing, they can increase their GDP contribution in 10 years. Dr. Jaime Aristotle Alip, Founder and Managing Director of CARD Inc. shared “I started CARD with just 20 pesos and an old typewriter. My vision was to establish a bank that was by and for the poor people in this country. I wanted to turn the traditional banking system upside down.

Raymond Kwong, CEO and Managing Director of Silverlake Axis Group (Malaysia) said that if MSMEs who comprise about 80% of the total business sector can have access to financing, they can increase their GDP contribution in 10 years. Dr. Jaime Aristotle Alip, Founder and Managing Director of CARD Inc. shared “I started CARD with just 20 pesos and an old typewriter. My vision was to establish a bank that was by and for the poor people in this country. I wanted to turn the traditional banking system upside down.

Maria Ressa, Founder and CEO of Rapper, moderated the discussion on disruptive technology and innovation.

Maria Ressa, Founder and CEO of Rapper, moderated the discussion on disruptive technology and innovation.

Department of Science and Technology Secretary Boy Dela Peña shared the government’s initiatives to bolster innovation.

Department of Science and Technology Secretary Boy Dela Peña shared the government’s initiatives to bolster innovation.

Dr. Robert Yap, Executive Chairman of YCH Group and ASEAN BAC Singapore Chairman together with Inanc Balci, CEO of Lazada Philippines.

Dr. Robert Yap, Executive Chairman of YCH Group and ASEAN BAC Singapore Chairman together with Inanc Balci, CEO of Lazada Philippines.

Tan Sri Dr. Mohd Munir (right) said that the mentoring is ‘not an act of charity’ but rather a way to link entrepreneurs to the value chain involving good relationships. Rico Hizon (left) hosted the event and moderated the last session.

Tan Sri Dr. Mohd Munir (right) said that the mentoring is ‘not an act of charity’ but rather a way to link entrepreneurs to the value chain involving good relationships. Rico Hizon (left) hosted the event and moderated the last session.

ASEAN BAC Philippines Member and SM Investments Vice Chairman Teresita Sy-Coson and PLDT Group Chairman Manny V. Pangilinan both agreed on the importance of mentorship for micro entrepreneurs to scale up.

ASEAN BAC Philippines Member and SM Investments Vice Chairman Teresita Sy-Coson and PLDT Group Chairman Manny V. Pangilinan both agreed on the importance of mentorship for micro entrepreneurs to scale up.

Jose Concepcion Jr., one of founding members of ASEAN Business Advisory Council was the chairman of the council 10 years ago. He was joined by his wife, Marivic Concepcion.

Jose Concepcion Jr., one of founding members of ASEAN Business Advisory Council was the chairman of the council 10 years ago. He was joined by his wife, Marivic Concepcion.

US Ambassador Sung Kim also attended the Prosperity for All Summit.

US Ambassador Sung Kim also attended the Prosperity for All Summit.

Thailand Prime Minister General Prayut Chan-o-cha highlighted the efforts of his government on supporting micro entrepreneurs. In Thailand, they initiated the “Pracharat”, an advocacy program for MSMEs involving tripartite collaboration between the government, large private businesses, and micro enterprises.

Thailand Prime Minister General Prayut Chan-o-cha highlighted the efforts of his government on supporting micro entrepreneurs. In Thailand, they initiated the “Pracharat”, an advocacy program for MSMEs involving tripartite collaboration between the government, large private businesses, and micro enterprises.

PLDT Chairman Manny V. Pangilinan and Atty. Mike Toledo.

PLDT Chairman Manny V. Pangilinan and Atty. Mike Toledo.

ASEAN BAC Lao PDR Chairman Oudet Souvannavong together with UK-ASEAN Business Council’s Max Colemen and Chris Humphrey.

ASEAN BAC Lao PDR Chairman Oudet Souvannavong together with UK-ASEAN Business Council’s Max Colemen and Chris Humphrey.

LT Group’s Michael Tan, French Baker’s Johnlu Koa, and Wilcon Depot’s William Belo.

LT Group’s Michael Tan, French Baker’s Johnlu Koa, and Wilcon Depot’s William Belo.

Former DTI Secretary Greg Domingo, Marissa Concepcion, Bernie Liu (Golden ABC Corporation), Joey Concepcion, Kazuo Okada (Okada Manila), and Alice Eduardo (Sta. Elena Corporation).

Former DTI Secretary Greg Domingo, Marissa Concepcion, Bernie Liu (Golden ABC Corporation), Joey Concepcion, Kazuo Okada (Okada Manila), and Alice Eduardo (Sta. Elena Corporation).

Hans Sy of SM Prime and Bernie Liu of Golden ABC Corporation

Hans Sy of SM Prime and Bernie Liu of Golden ABC Corporation

Labor Secretary Bebot Bello together with Teresita Sy-Coson.

Labor Secretary Bebot Bello together with Teresita Sy-Coson.

Douglas Foo, Founder and Chairman of Sakae Holdings and President of Singapore Manufacturing Federation was a panelist of the session on ASEAN markets.

Douglas Foo, Founder and Chairman of Sakae Holdings and President of Singapore Manufacturing Federation was a panelist of the session on ASEAN markets.

Pia Hontiveros-Pagkalinawan, News Anchor of CNN Philippines led the discussion on financing options for micro entrepreneurs.

Pia Hontiveros-Pagkalinawan, News Anchor of CNN Philippines led the discussion on financing options for micro entrepreneurs.

Cambodia’s Minister of Commerce H.E. Pan Sorasak stressed the importance of public-private sector partnership in making the ASEAN Mentorship for Entrepreneurs Network possible.

Cambodia’s Minister of Commerce H.E. Pan Sorasak stressed the importance of public-private sector partnership in making the ASEAN Mentorship for Entrepreneurs Network possible.

Chris Chilip (Tyremart), Marissa Concepcion, US Ambassador Sung Kim, Yati Adbullah (DHL Philippines), Myrna Yao (Richprime Global), Kevin Tan (Megaworld), and Felix Ang (Auto Nation Group)

Chris Chilip (Tyremart), Marissa Concepcion, US Ambassador Sung Kim, Yati Adbullah (DHL Philippines), Myrna Yao (Richprime Global), Kevin Tan (Megaworld), and Felix Ang (Auto Nation Group)