MATCH continues to link ASEAN start-ups with investors

Starting a business is not an easy undertaking. Many businesses, especially startups, have the most innovative ideas only to be hindered by their lack of capital. Small enterprises struggle with finding the right institutions that will provide financial aid in order for their business to be established.

These concerns were raised during the successful run of the Meet ASEAN’s Talents and Champions (MATCH) Philippines Roadshow last July 9 and 10 in Makati City and Cebu City, respectively, organized by the ASEAN Business Advisory Council Philippines in partnership with Monetary Authority of Singapore (MAS), Go Negosyo, Philippine Chamber of Commerce and Industry Inc., and SGV & Co. (EY Philippines).

The roadshow, which gathered more than 400 start-up entrepreneurs, aims to spread awareness on MATCH to facilitate deal-making by showcasing ASEAN startups and growth enterprises across all sectors, and link them to top global and local investors.

MATCH Deal-making and MATCH Conference are the newest additions to the expanded Global Investor Summit. MATCH aims to promote private equity and venture capital deal flow by bringing the investment and ASEAN enterprise communities together. It is organized by Ernst and Young, Enterprise Singapore, Singapore Venture Capital & Private Equity Association, and Singapore Business Federation.

MATCH Deal-making is a curated portal that will enable ASEAN enterprises with better access to quality funding, expertise, and networks for their businesses. It will showcase promising ASEAN enterprises as well as funding opportunities to investors.

As part of the Singapore Fintech Festival week, the MATCH Conference will be held on November 13-14, 2018. It will feature prominent entrepreneurs, founders, and investors who shared their expertise on financing strategies, enterprise value creation, and exit opportunities.



For more information, visit
http://www.ey.com/Publication/vwLUAssets/ey-match-faq/$FILE/ey-match-faq.pdf.

For queries on MATCH Deal-making and MATCH Conference, contact MAS at MATCH@mas.gov.sg.

Deadline of registration is extended until August 31, 2018. Register now! Limited slots available.

 

###

ASEAN BAC to recognize outstanding enterprises at 11th ASEAN Business Awards


The ASEAN Business Advisory Council (ASEAN BAC) will once again recognize outstanding ASEAN companies at the 11th ASEAN Business Awards (ABA), to be held on November 12, 2018, at Marina Bay Sands, Singapore.

The ASEAN Business Awards – organized by the ASEAN BAC Singapore and in partnership with Singapore Management University and Ernst & Young – aims to recognize outstanding ASEAN enterprises that have greatly contributed to ASEAN’s economic growth and prosperity.

ABA also serves as a platform for information dissemination regarding the ASEAN Economic Community to promote regional integration among ASEAN member states. In addition, it intends to highlight small and medium enterprises that have the potential to become global economic players.

There will be seven categories for ABA, namely Priority Integration Sector Excellence (Medium and Large), SME Excellence, Friends of ASEAN, Young Entrepreneur, Woman Entrepreneur, and Sustainable Social Enterprise.

This year, ABA added a new category called the ASEAN Family Business Award. This category recognizes outstanding family businesses that employ sustainable business models and have made significant financial and social impact in the ASEAN community for generations.

Previous winners from the Philippines include John Gokongwei Jr. (JG Summit Holdings), Jaime Augusto Zobel de Ayala (Ayala Corp.), Teodoro Ferrer (Erikagen Inc.), Dennis Uy (Udenna Corp.), Cecilio Pedro (Lamoiyan Corp.), Emma Imperial (Imperial Homes Corp.), Paul Rodriguez (Asian Marine Transport Corp.), Pedro Delantar (Nature’s Legacy Eximport), Olivia Limpe-Aw (Destileria Limtuaco & Co.), Bernie Liu (Golden ABC), Anya Lim (ANTHILL Fabric Gallery), Jhondie Abenza, EMS Component Assembly, and Oryspa Spa Solutions.

The ASEAN Business Awards 2018 is supported by the ASEAN BAC Philippines in partnership with Go Negosyo and Philippine Chamber of Commerce and Industry.

Apply now via https://www.aseanbac2018.org/nomination/. Deadline of nominations is extended until August 31, 2018.

For more information, visit https://www.aseanbac2018.org/asean-business-award/or contact abaph.secretariat@gmail.com.

###

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.

###

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.

###

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

 

24796464_10155959661909516_476723552833981135_n

SRW&Co;. Announces AGLP 2018 Scholars

AGLP 2

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.