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The 11th Asian Business Summit (ABS) was held on 6th November 2020 over Zoom, with the participation of 14 business organizations representing 12 Asian Economies. Malaysia was represented by MAJECA through its three executives, Tan Sri Azman Hashim, President, Datuk Seri Mohamed Iqbal, Vice-President, with Tan Sri Dr Michael Yeoh, Hon. Secretary in attendance. |
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The 11th Asian Business Summit / Digital Conference Agenda (Final) |
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Date: November 6th, 2020 12:00-16:30 (Malaysian Time) 13:00 – 17:30 (Tokyo Time) hosted by Keidanren, Japan *Japanese / English simultaneous interpretation Moderator: Mr. Masakazu Kubota, Director General, Keidanren |
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12:00-12:20 MYT
13:00-13:20 JT |
Opening Session Opening Remarks: Mr. Nobuyuki Koga, Chairman of the Board of Councillors, Keidanren Guest Speech: Mr. Yasutoshi Nishimura, Minister of State for Economic and Fiscal Policy and Minister in charge of Economic Revitalization |
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12:20-13:30 MYT
13:20-14:30 JT
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Plenary Session I : Impact of COVID-19 & Challenges for post-COVID-19 Economic Recovery in member economies and Asia Session Moderator: Mr. Satoshi Mukuta, Senior Managing Director, Keidanren Speakers: 5 Min / each |
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13:30-14:00 MYT
14:30-15:00 JT |
Break | |||||||||||||||||||
14:00-15:00 MYT
15:00-16:00 JT
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Plenary Session II : Challenges facing Asia Session Moderator: Mr. Ichiro Hara, Managing Director, Keidanren Speakers: 4 minutes / each
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15:00-16:20 MYT
16:00-17:20 JT |
Exchange of Views Session Moderator: Mr. Ichiro Hara, Managing Director, Keidanren |
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16:20-16:30 MYT
17:20-17:30 JT |
Joint Statement and Future Work | |||||||||||||||||||
16:30 MYT
17:30 JT |
Closing |
Note:- Please note above “MYT” denotes “Malaysian Time” and “JT” denotes “Tokyo Time”.
3. Opening Session

Mr Yasutoshi Nishimura, Minister of State for Economics and Fiscal Policy and Minister in charge of Economic Revitalisation giving his guest speech via video message.
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Plenary Session 1 This session was titled “Impact of COVID-19 & Challenges for post-COVID-19 Economic Recovery in member economies and Asia”. |
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Plenary Session 2 The second plenary session was titled “Challenges facing Asia”, and was split into four parts which were: trade policy, infrastructure, digitalization, and, environment and energy respectively.
The speakers for each session were as follows:
From top-left, clockwise: 1.Mr Tae-shin Kwon, Vice Chairman & CEO, Federation of Korean Industries (FKI) 2.Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) 3.Datuk Seri Mohamed Iqbal,Vice President, Malaysia-Japan Economic Association (MAJECA) 4.Mr Shigeru Hayakawa, Vice Chair, Keidanren
![]() Datuk Seri Mohamed Iqbal, Vice President of MAJECA speaking on the Trade Policy panel during Plenary Session 2.
2.Infrastructure From top-left, clockwise: 1.Mr Rosan Perkasa Roeslani, Chairman, Indonesia Chamber of Commerce and Industry (KADIN) 2.Mr Chartchai Panichewa, Vice-Chairman, The Federation of Thai Industries 3.Mr Ye Min Aung, Vice President, The Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) 4.Mr Tatsuo Yasunaga, Vice Chair, Keidanren
From right to left: 1.Mr Zhu Hongren, Standing Vice Chairman, China Enterprise Confederation (CEC) 2.Dr Huang Mao-Hsiung, Honorary Chairman, Chinese East Asia Economic Association (CEAEC), Taiwan 3.Mr Ferdinand A. Ferrer, Treasurer, Philippines-Japan Economic Cooperation Committee (PHILJEC) 4.Mr Kobsak Duangdee, Secretary General, The Thai Bankers’ Association 5.Mr Kenichiro Yamanishi, Vice Chair, Keidanren
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Following the end of the plenary sessions, the summit proceeded with an exchange of views with Mr Ichiro Hara, Managing Director, Keidanren continuing as moderator. A collage of various role players exchanging their views and insights. (from top-left, clockwise): Mr Ken Kobayashi, Vice Chair of the Board of Councillors, Keidanren; Chair of the Japan-Indonesia Economic Committee & Japan-Myanmar Economic Committee; Chairman of the Board, Mitsubishi Corporation, Mr Tatsuo Yasunaga, Vice Chair, Keidanren; President and CEO, Sumitomo Mitsui Financial Group, Inc., Mr Shinya Katanozaka, Vice Chair, Keidanren; President & CEO, ANA Holdings Inc., Mr Ichiro Hara, Managing Director, Keidanren, Mr Kenichiro Yamanishi, Vice Chair, Keidanren; Executive Corporate Adviser, Mitsubishi Electric Corporation, Mr Takashi Yamauchi, Vice Chair, Keidanren; Chairman, Member of the Board, Taisei Corporation, Mr Nobuyuki Hirano, Vice Chair, Keidanren; Chairman, Mitsubishi UFJ Financial Group, Inc., and Mr Ho Meng Kit, CEO, Singapore Business Federation (SBF). |
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The 11th Asian Business Summit reached its conclusion with the presentation of the Joint Statement and a group photo of the remaining members. |
The 11th Asian Business Summit Joint Statement On November 6, 2020, the 11th Asian Business Summit was held online with the participation of 14 business organizations representing 12 Asian Economies. The global coronavirus pandemic has stifled business activities and created a set of extremely challenging conditions for the world economy. At this time, all members of the Asian business community should work closely and collaboratively with their governments and multilateral institutions to address and overcome these challenges. It was with this backdrop in mind that participants in the 11th Asian Business Summit gathered to discuss economic and industrial strategies for the current and post-pandemic eras as well as issues on regional cooperation in Asia. The Summit began with a series of presentations by participating business organizations, which shared information on the status of the coronavirus pandemic in each economy and the countermeasures which their governments, business communities, and corporate sectors have implemented in response. In the interest of protecting the lives, jobs, and livelihoods of their citizens, as well as their economies, we call on the governments of Asian economies to take prudent action aimed at balancing economic activities with measures to halt the expansion of the pandemic through the establishment of robust frameworks for the provision of needed medical care, stable delivery of medical supplies, and enhancement of support for businesses and workers. As members of the Asian business community, we are committed to assuming an active role, fully utilizing the resources at our command, and working together to achieve sustained business operations and employment levels as well as diversify and reinforce our supply chains. It is imperative that we build from that foundation and transform the harsh realities of the current and post-pandemic eras into opportunities for further sustained growth. This Summit provided a forum to deepen our discussions on trade policy, infrastructure development, digitalization, environment, energy, and other issues confronting the Asian economy in the sphere of cooperation. As an outcome of that discussion, we arrived at a consensus on the importance of the following. First, it is vital that we sustain and strengthen the free and open international economic system. To that end, efforts should be made to promote regional economic integration through early conclusion of the Regional Comprehensive Economic Partnership (RCEP) Agreement and the expansion of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It is necessary to re-establish and enhance connectivity within the region disrupted by the pandemic through both qualitative and quantitative advances in infrastructure development. Furthermore, we will need progress in digital transformation (DX) through data free flow with trust and other growth strategies adapted to the “new normal” as well as promotion of RD&D and finance on environmental and energy technologies aimed at transition to a decarbonized society. To address these challenges, we are committed to speeding up our efforts through cooperation and call for measures in inter- and intra-governmental coordination. Moving forward, we will continue to utilize the Asian Business Summit platform to discuss the issues facing Asia in fostering sustainable development and facilitate realization of the “Society 5.0 for SDGs” concept. |