About ASEAN Business Advisory Council

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Mandated by ASEAN Leaders to provide private sector feedback and guidance to boost ASEAN's efforts towards economic integration

Launched in April 2003, ASEAN Business Advisory Council (ASEAN-BAC) was formed following decision of the ASEAN Leaders at the 7th ASEAN Summit, with the mandate to provide private sector feedback and guidance to boost ASEAN's efforts towards economic integration. Accordingly, ASEAN-BAC’s activities are primarily focused on reviewing and identifying issues to facilitate and promote economic cooperation and integration. The Council also submits annual recommendations for the consideration of the ASEAN Leaders and the ASEAN Economic Ministers (AEM).

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.

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Some of the ASEAN-BAC Members with the Prime Minister of Malaysia and 2015 ASEAN Chair, YAB Dato’ Sri Mohd Najib Tun Abdul Razak

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ASEAN Leaders’ Interface with ASEAN Business Advisory Council at the 26th ASEAN Summit held on 27th April 2015, in Kuala Lumpur, Malaysia

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The 13th ASEAN Economic Ministers (AEM) - ASEAN-BAC Consultation held on 25th August 2015, in Kuala Lumpur, Malaysia

For more information on ASEAN-BAC, please visit www.asean-bac.org

About ASEAN-BAC Malaysia

The ASEAN Business Advisory Council (ASEAN-BAC) Malaysia Chapter is an integral participant in the regional ASEAN-BAC with regular participation at all Council Meetings and Consultation with the leaders. Over the course of the 13 years that the ASEAN-BAC Malaysia Chapter has been in operation, various recommendations, feedback and input have been provided during the consultation with the ASEAN Economic Ministers and ASEAN Heads of State at the regular ASEAN Consultation and Business Summits. At the same time, various studies on the national and regional economic climate have been conducted to substantiate the recommendations, some of which have already been incorporated into the guidelines of the overall ASEAN Economic Community Agenda.

Moving forward, ASEAN-BAC as a collective endeavour to venture into more operative initiatives such as business matchmakings and promotional activities between the private sector businesses within the region, with particular emphasis on SMEs, the main economic driver of the region. Every national council is responsible for the implementation of these initiatives at national level with collaboration, support and connectivity with the various other national councils.

The initiatives are set in accordance with the guidelines and timeline of the implementation of the ASEAN Economic Community (AEC), with its formation year in 2015 and hosted by Malaysia.

ASEAN-BAC Malaysia Council Members

ASEAN-BAC Malaysia is represented by Chairman and Council Member Ybhg. Tan Sri Dr Mohd Munir bin Abdul Majid, and the Council Members are Dato' Ramesh Kodammal and Datuk Abdul Farid Alias.

Tan Sri Dr Mohd Munir Majid

Tan Sri Dr Mohd Munir Majid
Chairman of ASEAN-BAC Malaysia

Tan Sri Dr Mohd Munir Majid

Tan Sri Dr Munir Majid obtained a B.Sc (Econ) from the London School of Economics and Political Science (LSE) in 1971 where he also obtained his Ph.D in International Relations in 1978. He taught at the Department of International Relations in LSE from 1972-1975.

Dr Munir joined the New Straits Times (NST) at the end of 1978 as leader writer and progressed to become Group Editor. He left NST in 1986 to become CEO of a small merchant bank, Pertanian Baring Sanwa (PBS), whose name he changed to Commerce International Merchant Bankers (CIMB) which was then transformed into one of Malaysia’s leading merchant banks. He was invited by the Government of Malaysia to establish and become the first and founding Executive Chairman of the Securities Commission in 1993, where he served for two terms until 1999.

After leaving the Securities Commission, he served as Senior Independent Non-Executive Director of Telekom Malaysia Berhad for 4 years until June 2004, and was Chairman of its mobile subsidiary Celcom (M) Berhad from 2002-2004. In June 2004, Dr Munir joined the Malaysia Airlines Board of Directors and in August that year was appointed its Non-Executive Chairman till July 2011.

He became Chairman of Bank Muamalat Malaysia Berhad, an Islamic financial institution, in 2008. In February 2014 Dr. Munir was appointed chairman of CIMB Asean Research Institute and also joined the board of the Institute of Strategic and International Studies (ISIS) Malaysia. He is chairman of the ASEAN Business Advisory Council – Malaysia Chapter and is on the Financial Services Talent Council of Bank Negara Malaysia. As co-chair of the Malaysia-America Foundation, he works to deepen relations between the two countries.

Dr. Munir was the founder President of the Kuala Lumpur Business Club (2003-2008). In May 2004, he was appointed a member of the Court of Fellows of the Malaysian Institute of Management.

In December 2005, he was made an Honorary Fellow of the LSE and in 2008 he was appointed Visiting Senior Fellow at LSE IDEAS (Centre for International Affairs, Diplomacy and Strategy) where he started the Southeast Asia International Affairs Programme and headed it until 2012. He has written for IDEAS publications and published in International Politics, a British academic journal.


Chairman of Goldtex Group of Companies
Chairman of ASEAN-India Business Council (AIBC) Malaysia
Co-Chairman of ASEAN-India Business Council (AIBC)
Council Member of ASEAN Business Advisory Council (ASEAN-BAC)

Dato' Ramesh Kodammal

Dato’ Ramesh Kodammal is the Chairman of Goldtex Group of Companies, a company which he founded since 1976 specialising in import & export of garments and textiles, as well as manufacturing of home furnishings.

Dato’ Ramesh has been appointed by the Ministry of International Trade & Industry (MITI) Malaysia as the Chairman of ASEAN-India Business Council Malaysia and the Co-Chairman of ASEAN-India Business Council (AIBC). He is also a Council Member of the ASEAN Business Advisory Council (ASEAN-BAC) since 2010, which has been mandated by ASEAN Leaders since 2003 to provide private sector feedback and guidance to boost ASEAN's efforts towards economic integration. He is also the Malaysian representative in the MSME ASEAN-BAC Working Group.

Dato’ Ramesh is an Honorary Member of the Kuala Lumpur Malay Chamber Of Commerce (KLMCC). Dato’ Ramesh actively promotes the interests of the business community between ASEAN-India and he has been actively involved in the visits by Prime Minister of India, Narendra Modi to Malaysia as part of this initiative. He has actively participated in various international forums and seminars representing Malaysia as a moderator and speaker.

Among the posts which Dato’ Ramesh has held previously include the Deputy President of Kuala Lumpur Selangor Indian Chambers Of Commerce (KLSCCI ), Vice President Of Malaysia Associate Indian Chambers & Industries and Treasurer of National Chambers of Commerce and Industries Of Malaysia (NCCIM ). He currently still holds various positions in other non-governmental organisations (NGOs).

Datuk Farid

Datuk Abdul Farid Alias
Group President & CEO, Maybank

Datuk Abdul Farid Alias

Datuk Abdul Farid Alias, was appointed as Group President and Chief Executive of Maybank Group on 2 August 2013. Prior to this appointment, he was Deputy President & Head, Global Banking where his areas of responsibility covered corporate banking, investment banking, transaction banking, client coverage, global markets and international business for Maybank Group. He joined Maybank as Head of International in January 2009.

Datuk Abdul Farid has a Master in Business Administration, Finance from Denver University, USA. He graduated from Pennsylvania State University, University Park, USA, with a Bachelor of Science in Accounting; and the executive education Advanced Management Program at Harvard Business School.

He is a member of the Board of Directors of Maybank Investment Bank Berhad, Maybank Ageas Holdings Berhad, Board of Commissioners of PT Bank Maybank Indonesia as well as Cagamas Holdings Berhad, Malaysia’s national mortgage corporation. He is Chairman of The Association of Banks in Malaysia and Malaysian Electronic Payment System Sdn Bhd (MEPs) and Vice Chairman of Asian Institute of Chartered Bankers.

He is also a member of Investment Panel of Kumpulan Wang Persaraan (KWAP), Asian Bankers Association (ABA) Policy Advocacy Committee and Emerging Markets Advisory Council of Institute of International Finance based in Washington, DC.

Datuk Abdul Farid was named CEO of The Year in the ASEAN Business Awards 2015, which recognises outstanding enterprises in the ASEAN business community. He was also awarded the CNBC Asia Business Leader Award for Corporate Social Responsibility in 2015.

In August 2015, he was appointed as a member of the Special Economic Committee (SEC) in Malaysia, a task force that was established to recommend immediate and medium-term economic measures for the country, reporting directly to the Prime Minister of Malaysia.