South Korea Joins AMEN; ASEAN Mentorship for Entrepreneurs Network

AMEN Founding Chair and ASEAN Business Advisory Council Co-chair Joey Concepcion seals partnership with Korean Federation of Small and Medium Business led by Chairman Park Sung-taek and ASEAN-Korea Centre led by Ambassador Lee Hyuk. (In photo: Concepcion, President Rodrigo Duterte, Chairman Park Sung-taek, and George Barcelon of ASEAN Business Advisory Council

AMEN Founding Chair and ASEAN Business Advisory Council Co-Chair Joey Concepcion led the official launch of the ASEAN Mentorship for Entrepreneurs Network (AMEN) last June 5, 2018 in South Korea.

Joining Concepcion with the signing of a memorandum of understanding were George Barcelon (ASEAN BAC), Ambassador Lee Hyuk (ASEAN-Korea Centre), and Chairman Park Sung-taek (Korea Federation of Small and Medium Business).

With the signing, the Philippine-Korea partnership was strengthened in providing mentorship to micro, small, and medium enterprises as well as creating programs in priority sectors like the digital economy, trade and industry, and agripreneurship.

ASEAN BAC partners with ASEAN-Korea Centre and Korea Federation of Small and Medium Business.

The ASEAN-Korea Centre partners with ASEAN member states’ initiatives programs in the agriculture, food, and technology sector. One of their programs is the 2018 ASEAN-Korea Youth Network Workshop which will raise the awareness of the ASEAN and Korea relations among the attendees and deepen their understanding about digital technology and innovation. Two workshops will be held this July in Korea and in the Philippines.

The Korea Federation of Small and Medium Business (K-Biz), on the other hand, supports SME development in Korea with the aim to improve the economic status and provide equal opportunities for SMEs. The federation links with the government sector in proposing, investigating, and analyzing data regarding small businesses in Korea.

K-Biz Chairman Park Sung-Taek highlighted how the Philippines is an attractive market for Korean companies as the country provides a business-friendly environment. According to him, the signing was participated by both parties to “actively help build a close network for the two countries so the Asian SMEs can grow together through AMEN.”

AMEN was a legacy project of the ASEAN BAC during the Philippines’ ASEAN chairmanship in 2017. This year, it has been successfully launched in Sydney, Australia. South Korea is the second dialogue partner in which the project was introduced. President Rodrigo Duterte led the official trip to South Korea to seal business investment deals and partnerships between Philippines and South Korea.

President Rodrigo Duterte led the official trip to South Korea to seal business investment deals and partnerships between Philippines and South Korea.


The launch is part of President Rodrigo Duterte’s three-day official visit in South Korea. President Duterte was able to close $4.9-billion investment deals and $1-billion official development assistance for the infrastructure projects in the Philippines. He also witnessed the signing of the partnership for AMEN and MSME development.

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Singapore Assumes ASEAN BAC Chairmanship

ASEAN BAC Philippines Chair Joey Concepcion hands over the ASEAN BAC flag to Dr. Robert Yap, the ASEAN BAC 2018 Chairman.

ASEAN BAC Philippines Chair Joey Concepcion hands over the ASEAN BAC flag to Dr. Robert Yap, the ASEAN BAC 2018 Chairman.

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).

ASEAN Outlook Conference featured Dr. Robert Yap (ASEAN BAC Singapore), Joey Concepcion (ASEAN BAC Philippines), Arin Jira (ASEAN BAC Thailand), Oudet Souvannavong (ASEAN BAC Lao PDR), Nick Nash (SEA Limited) and was moderated by Mr. Tay Woon Teck (RSM Singapore).

ASEAN Outlook Conference featured Dr. Robert Yap (ASEAN BAC Singapore), Joey Concepcion (ASEAN BAC Philippines), Arin Jira (ASEAN BAC Thailand), Oudet Souvannavong (ASEAN BAC Lao PDR), Nick Nash (SEA Limited) and was moderated by Mr. Tay Woon Teck (RSM Singapore).

 

ASEAN BAC Philippines Chairman Joey Concepcion shared his insights on the discussion on ASEAN trends and opportunities.

ASEAN BAC Philippines Chairman Joey Concepcion shared his insights on the discussion on ASEAN trends and opportunities.

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 Chairman Dr. Robert Yap and ASEAN BAC Philippines Chair Joey Concepcion joined one forum of the ASEAN Outlook.

ASEAN BAC Chairman Dr. Robert Yap and ASEAN BAC Philippines Chair Joey Concepcion joined one forum of the ASEAN Outlook.

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.

ASEAN BAC Council Members together with Singapore's Minister on Trade and Industry Lim Hng Kiang.

ASEAN BAC Council Members together with Singapore’s Minister on Trade and Industry Lim Hng Kiang.

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DFA Letter of Support for AMEN

LOOK: The Department of Foreign Affairs lauded ASEAN BAC’s contributions to the success of the Philippines’ chairmanship of ASEAN this year and encouraged ASEAN BAC to sustain the legacy project AMEN as a continuing platform to suport our MSMEs. #ASEAN2017

 

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SRW&Co;. Announces AGLP 2018 Scholars

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Daniel Wong (Chairman & Partner, SRW&Co.)

Jakarta, 27th November 2017. Regional Management Consulting firm SRW&Co. on Monday announced the granting of the 2018 AGLP (ASEAN Global Leadership Program) Scholarship to 2 ASEAN Business Award winners. The 2 AGLP Scholars are Nasha Jungkankul , ASEAN Business Award winner of the SME Excellence – Growth categoty, and Sirina Sisombat Hervy, who won the ASEAN Business Award Women Entrepreneur category. Launched in 2016, the AGLP scholarship is a CSR program initiated by SRW&Co. in collaboration with the ASEAN Business Advisory Council. The scholarship is awarded to selected ABA winners who applied for the scholarship. The scholars will be attending a week-long ASEAN Global Leadership Program in NYU Stern School of Business in April 2018. The AGLP is a flagship leadership development program launched by SRW&Co. in 2009, conducted annually in collaboration with SRW&Co.’s global business school partners.

SRW&Co. Chairman Daniel Wong said, “…. we are very pleased to award the scholarship to 2 very deserving applicants who had met the stringent assessment and selection criteria and standard through interviews. The 2 scholars had demonstrated the qualities of visionary business entrepreneurs, and their firm commitment to grow their business beyond their home countries.. and more importantly, the scholars are committed to contribute to the entrepreneurial leadership development mission in the region,” added Daniel Wong.

AGLP 2018 Scholars (from left to right): Nasha Jungkankul , Sirina Sisombat Hervy

AGLP 2018 Scholars (from left to right): Nasha Jungkankul , Sirina Sisombat Hervy

Nasha Jungkankul, is the founder and owner of Kunna Groceries Co.,Ltd, a very successful healthy snack brand in Thailand. The company aims to grow and expand their business in health and well-being sphere. “Kunna will not just be the healthy snack brand, but also the brand that represents people well-being and healthy life style in every perspectives and our target customers would cover anyone who wants to live a longer and healthier life,” Nasha said. “I am honoured to be granted this scholarship to join the AGLP in 2018, as I believe in order to keep moving forward, we need to keep learning new things each day in our life and the AGLP will provide me the timely opportunity to improve my knowledge and share my experiences and to learn from the world class faculty of NYU Stern and my fellow peers in the class.”

Sirina Sisombat Hervy is the Managing Director of Sinouk Coffee, a leader player in the Coffee industry in Laos. She has been running the company jointly with her father Sinouk since 2014. The company aims to become a recognised player in the ASEAN market within the next 5 years, and raise the level of awareness about Lao coffee to the international stage. “AGLP comes timely to support my personal development in broadening my vision and improve my effectiveness as a leader in my company,” said Sirina. “The program in NYU Stern will allow me to interact and learn from the Stern faculty and senior leaders from ASEAN. It will be an inspiring experience for me and inspiration and learning from the others have always been my key motor to progress.”

The AGLP 2018 will be conducted in NYU Stern campus from April 16-20, 2018. The programs are conducted annually in the US and UK in collaboration with world class business schools which include Cambridge Judge Business School, the London Business School, UC Berkeley Haas School of Business and NYU Stern School of Business. The AGLP alumni stands at 350, comprising senior leaders from the corporate and public sectors in the ASEAN countries.

Global champions in the digital industry tackle challenges in ASEAN’s digital economy

Entrepreneurship in the Digital Economy. In photo (L-R): Manny Pangilinan (First Pacific Company Ltd./LDT), Goh Peng Ooi (Silverlake Axis Limited), Dr. Yuri Sato (JETRO), Richard Eldrige (Lenddo) and Nick Nash (SEA Group).

Entrepreneurship in the Digital Economy. In photo (L-R): Manny Pangilinan (First Pacific Company Ltd./LDT), Goh Peng Ooi (Silverlake Axis Limited), Dr. Yuri Sato (JETRO), Richard Eldrige (Lenddo) and Nick Nash (SEA Group).

MANILA, November 14, 2017 – The forum entitled “Entrepreneurship in the Digital Economy” concluded the five forums of the three-day ASEAN Business and Investment Summit.  It centered on the different challenges the digital economy is facing in its aim to promote more inclusion in the region.

The panelists are Manny Pangilinan, Managing Director of First Pacific Holdings, Nick Nash Group President of SEA Group, Dr. Yuri Sato Executive Vice President of Japan External Trade Organization, Goh Peng Ooi Founder and Executive Chairman of Silverlake Axis Limited, Richard Eldridge CEO of Lenndo. Yasu Ota Columnist of Nikkei Asian Review and Editorial Writer of Nikkei moderated the discussion.

Nick Nash, Group President of SEA Group opened the discussion as he imparted three key dimensions on why ASEAN is a unique destination for global investors. First, it is unique because of its great sense of optimism for the future. Second because of its young population. And lastly, the ASEAN is attractive because of its great ability in solving problems.

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With more than half of the world’s population now online, the digital economy is considered as a dominant force in the world economy. The forum leverages on the idea of ASEAN’s vast untapped potential and the different ways this can be addressed.

“Instead of just looking at digital alone, it is very important to look at the techno-economic evolution – the Fourth Industrial Revolution. Goh Peng Ooi of Silverlake Axis shared how focusing on the different aspects of the digital revolution can help ASEAN as it is at different stages of development.

Financial inclusion remains to be one of the major challenges in the digital economy. Richard Eldridge tackled the solutions on how more people can gain more access to banking system   “Slowly people are starting to get some sort of banking relationship…the challenge is how do you get them on top of that a full range of financial services to have them fully included have the maximum opportunity in life,” he said.

Manny Pangilinan of PLDT discussed how startups and big businesses  can cope with each other in today’s digital economy. He shared that big companies such as PLDT are providing not only intra but as well as the platforms needed for startups in this digital economy to prosper. “[In the end] The objective is to make people’s lives easier to do,” he added.

On the role of the government in promoting digital economy, Dr. Yuri Sato Executive Vice President of Japan External Trade Organization explained the ways in which government organizations such as JETRO can build bridges for enterprises through policy making and researches. She also shared findings from a research on the bottlenecks of utilizing e-commerce in the region. Among these challenges are in human resource, logistics, financial services, internet infrastructure.

To wrap up the discussion, Manny Pangilinan summed up the challenges that needs to be addressed in areas such as infrastructure, consumer mindset and financial inclusion. “At the end of the day, we in the internet world should be judged not by the profit we make. If we could say that so many years from today we can say we improved the lives of so many people by ways of the internet, then I think we’d done a good job,” Pangilinan said.

ABIS 2017 panel, see rise of the ASEAN shared economy

Dr. Robert Yap (ASEAN BAC Chair Singapore), Mario Pezzini (OECD), and Robin Kwok (Airbnb Country Manager for Southeast Asia).

Dr. Robert Yap (ASEAN BAC Chair Singapore), Mario Pezzini (OECD), and Robin Kwok (Airbnb Country Manager for Southeast Asia).

MANILA: November 14, 2017 – The fourth forum of the ASEAN Business and Investment Summit 2017, “Shared Economy,” held on the final day of the summit, tackled the growing pervasiveness of shared economy in the region and the unprecedented disruptive innovations in the market.

Business leaders, policy makers and state leaders called for heightened collaboration to safeguard the benefits of this emerging business model in the world’s fourth largest internet market, the Southeast Asia.

The panelists are Dr. Robert Yap, Chair of ASEAN BAC Singapore and Executive Chairman of YCH Group (Singapore), Mr. Mario Pezzini, Director of the Organisation for Economic Co-operation and Development (OECD) Development Centre (Italy), and Robin Kwok, Country Manager for South East Asia, Hong Kong and Taiwan of Airbnb (Hong Kong/ Taiwan), moderated by Robert Yap Min Choy, ASEAN Business Advisory Council Singapore Member, Chairman of Fullerton Systems and Services and Chairman of Sunseap Group (Singapore).

 In photo (L-R): Dr. Robert Yap, Mario Pezzini, Robert Yap Min Choy (ASEAN BAC Singapore member/moderator), Robin Kwok, ASEAN BAC, Tessie Sy-Coson and Joey Concepcion.

In photo (L-R): Dr. Robert Yap, Mario Pezzini, Robert Yap Min Choy (ASEAN BAC Singapore member/moderator), Robin Kwok, ASEAN BAC, Tessie Sy-Coson and Joey Concepcion.

“86% of people who use Airbnb say they use it to live like a local, they want to be immersed with locals, they eat what the locals eat, and they want to see what the locals see,” Kwok said. She added that in terms of preparedness, entrepreneurs in her field should embrace the spur of innovation providing opportunities for innovative tourism projects.


“It is not a question whether we are ready. But a statement that  we need to be ready. Whether we want it or not, we need to be ready as the market is growing,” Kwok emphasized.

Dr. Yap stated that on whether ASEAN is ready for shared economy,  “We should level the playing field since other companies are doing big things. More happens if we compete and we will have more benefit.”

On risks that abound with the emergence of shared economy, Pezzini warned that “If it cannot reach expectations, it can create frustration and tension.”

Pezzini articulated that for MSMEs, this business  model can help facilitate entry of small scale investments to businesses despite the presence of tensions experienced in other countries.

“The sky’s the limit for millennials. There are incredible opportunities for new ideas. You know better what your preferences are,” Kwok encourages to spur new and young entrepreneurs to be in business. She urged entrepreneurs to get creative as growth is inevitable in the ushering in of shared economy.

ABIS  2017 is  the biggest and most prestigious business event in ASEAN  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.