ABAM Awards To Recognise Outstanding National Sector Champions In ASEAN

09 April 2015
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KUALA LUMPUR, April 9 (Bernama) -- The ASEAN Business Advisory Council Malaysia (ASEAN-BAC Malaysia) is organising the ASEAN Business Awards Malaysia (ABAM) in recognition of outstanding national sector champions that have contributed positively to the ASEAN economy.

Prime Minister Datuk Seri Najib Tun Razak will be the guest of honour at the ABAM gala dinner on April 24, ASEAN-BAC Malaysia chairman Tan Sri Dr Mohd Munir Abdul Majid said.

"The awards will highlight success stories of ASEAN national champions with regional affiliation. They are useful in providing a pedestal for ASEAN businesses to enhance both their national and regional profiles," he said at a media briefing on ABAM here today.

Malaysia took over the Chair of ASEAN from Myanmar at closing ceremony of the 25th ASEAN Summit in Myanmar in November 2014.

Munir said the awards recognised primary industries and market segments in the ASEAN economy, namely the ASEAN-identified Priority Integration Sector and the small and medium enterprise (SME) as the primary economic drivers in the region.

"This is the ultimate platform for Malaysia to not just display its private sector prowess in ASEAN, but also to demonstrate the benefits of sound regulations and infrastructure along with the adoption of best practices that can be emulated by others in the region," he said.

Munir said 660 SMEs and mid-tier companies had been surveyed by judges consisting of public and private sector representatives on their core criteria of growth, employment, innovation and corporate social responsibility.

Out of 660 companies, 20 award recipients will be automatically nominated for the Eight ASEAN Business Awards in conjunction with the ASEAN Business and Investment Summit in November.

ASEAN-BAC was formed and mandated to provide private sector feedbacks, identify priority areas for consideration by ASEAN leaders and promote awareness to boost efforts towards economic integration.