Press Release

2011 ASEAN Business & Investment Summit

Nusa Dua, November 18^th 2011 - ASEAN has come a long way since 1967.  The ASEAN Business Advisory Council (ASEAN-BAC) has been actively promoting public-private sector partnership to achieving the integration for the creation of an ASEAN Economic Community (AEC) by 2015. ASEAN-BAC provides private sector feedback on the implementation of ASEAN economic cooperation, and to identify priority areas for the consideration of the ASEAN Leaders at the annual ASEAN Leaders Summits.

Delighted to inform you that Indonesia has presided over the Chairmanship of the ASEAN-BAC and just completed hosting the annual ASEAN Business and Investment Summit (ASEAN-BIS) on 16 – 18 November 2011 in Bali, Indonesia.

As part of the support to enhance outreach and advocacy measures, the Business Summit this year set the stage and highlighted the current position of ASEAN Economic Community (AEC) vis-à-vis the global community.  The Business Summit looked into three crucial areas that shape the environments in which ASEAN businesses operate.  These include: climate change and the global food crisis; ASEAN connectivity in the context of infrastructure development; and entrepreneurship and the role of innovation play in the region’s economic development.

To name a few, this year Business Summit also included prominent speakers such as: H.E. Susilo Bambang Yudhoyono, President of the Republic of Indonesia; The Hon. Julia Gillard PM of Australia; H.E. Lee MyungBak, President of Korea; H.E. Gita Wirjawan, Minister of Trade Republic of Indonesia; H.E. Hillary Rodham Clinton, Secretary of State to the United States of America; H.E. Mari Elka Pangestu, Minister of Tourism and Creative Economies Republic of Indonesia; Sofjan Wanandi, Chairman of Indonesia Employer’s Association (APINDO), Tan Sri Azman Mokhtar, Managing Director of Khazanah Nasional Berhad; Dato’ Sri Nazar Razak, CEO of CIMB Group; Tan Sri Tony Fernandes, CEO of AirAsiaBerhad; Jean-PhillipeCourtois, President of Microsoft International; and many more.

Conducted for the past eight years, the 2011 ASEAN-BIS in Bali continues to serve as a valuable platform for knowledge exchange and relations network among regional and global businessmen. One of the lime lights of the 2011 ASEAN-BIS was the awarding of the winners of the prestigious ASEAN Business Awards (ABA) 2011 to recognize the most “Most Admired ASEAN Enterprises”.

The formal and informal networking sessions have on average brought between 800 to 1,000 high-level representatives from the private and public sectors.  This year especially, ASEAN-BAC worked hand-in-hand with Indonesia Employers’ Association (APINDO), Indonesia Investment Coordinating Board (BKPM) and Indonesia’s Ministry of Trade.

http://www.bkpm.go.id/contents/news/1011/Press+Release%3A+2011+ASEAN+Business++Investment+Summit