Asean-BAC to set up Asean private markets association by year-end, says Nazir

KUALA LUMPUR: The Asean Business Advisory Council (Asean-BAC) is in the process of establishing the Asean Private Markets Association, expected to be formalised by year-end, says Tan Sri Nazir Razak.

The Asean-BAC Malaysia chairman said a pro tem committee comprising members from Malaysia, Singapore, Thailand and Indonesia is working towards the association’s formal establishment.

“The idea is to create a platform to advise governments on enhancing policies to develop the private markets industry, including venture capital and private equity, across Asean,” he told reporters after delivering his welcoming address at the Asean Business Forum 2025 here Thursday (May 29).

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