asean | MAJECA

On behalf of the ASEAN Business Advisory Council (ASEAN-BAC) Malaysia, the Federation of Malaysian Manufacturers (FMM) hosted a briefing session for business chambers on ASEAN-BAC Malaysia in line with Malaysia as the Chair of ASEAN in 2025.

Tan Sri Nazir Razak, as Chairman of ASEAN-BAC Malaysia, provided an overview of ASEAN-BAC Malaysia’s priorities and initiatives for the year 2025, highlighted key areas of focus for the business community, and discussed opportunities for collaboration and engagement.

Launched in April 2003, ASEAN Business Advisory Council (ASEAN-BAC) was mandated to provide private sector feedback and guidance to boost efforts towards economic integration. ASEAN-BAC’s activities are focused on reviewing and identifying issues to facilitate and promote economic cooperation and integration, and also submitting annual recommendations for the consideration of the ASEAN Leaders and the ASEAN Economic Ministers (AEM) at the regular ASEAN Consultation and Business Summits.

ASEAN-BAC’s members are appointed by the Ministers in charge, and comprise of high-level CEOs of companies from each member country. Each country is represented by a maximum of three members, with one representing the interest of the small and medium-sized enterprises. Every national council is responsible for the implementation of initiatives at national level with collaboration, support and connectivity with the various other national councils.

ASEAN-BAC Malaysia comprise: Chairman, Tan Sri Nazir Razak (Founder of Ikhlas Capital), and Council Members, Tan Sri Tony Fernandes (CEO of AirAsia) and Mr Lim Chern Yuan (Group CEO of Yinson).

MAJECA was represented at the Briefing Session by Vice-President, Datuk Seri Mohamed Iqbal and Hon. Secretary, Mr Gary Tang, who were joined by Mr Samuel Loh, Programme Executive.