Kuala Lumpur: CIMB Group today announced that it is hosting the 2nd CIMB ASEAN Conference with the theme “ASEAN Integration: Mind the Gap”. This flagship event will gather some of the region’s most prominent businesses, investors and thought leaders to profile leading ASEAN companies to fund managers and to discuss current issues surrounding ASEAN’s economic integration. The conference which caters to both equity and fixed income investors will be held on 13-14 June 2012 at Mandarin Oriental Kuala Lumpur.
“This will be the largest gathering of large-cap ASEAN corporates in Kuala Lumpur with 32 companies participating, out of which 22 are non-Malaysian; from Indonesia, Singapore, Thailand, the Philippines, Vietnam and Hong Kong,” said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group.
“These are some of the most important economic agents that will determine the success of ASEAN economic integration,” he added.
This year’s conference will feature a line-up of well-known speakers headlined by Professor Kishore Mahbubani, Dean of Lee Kuan Yew School of Public Policy, National University of Singapore and Mr Toyoo Gyohten, President of Institute for International Monetary Affairs (IIMA), as keynote speakers. Prof. Mahbubani, identified as one of Foreign Policy’s Top Global Thinkers in 2010 and 2011, was described [by the publication] as “the muse of the Asian century.” Meanwhile, Mr. Gyohten has been President of the IIMA since 1995 and concurrently serves as Senior Advisor to the Bank of Tokyo-Mitsubishi UFJ, Ltd. He also serves as Special Advisor to the Minister of Finance of Japan.
“The journey towards an integrated ASEAN Economic Community (AEC) will neither be easy nor straightforward. Most of us are all for greater economies of scale, more cross-border economic interaction and a more efficient marketplace, but at the same time we have to manage short-term dislocations, various conflicting interests and the natural tendency to defer to nationalistic sentiments,” Nazir said.
The conference, as such, is a platform for the region’s influencers and decision makers to interact and engage in dialogues to bring forth strategies and solutions that will identify and overcome the gaps and challenges behind fully realising the AEC by 2015.
This year’s conference participants comprises of a mix of Malaysian, regional and global investment professionals, and some of ASEAN’s most successful companies including AirAsia Bhd., Ayala Corporation, Bank Mandiri, SapuraKencana Petroleum Bhd., SP Setia Bhd., Starhub Ltd., Ticon Industrial Connection Plc and YTL Corporation Bhd.
Note to editor:
Other efforts to promote the ASEAN agenda are also seen through CIMB’s non-profit initiatives such as CIMB ASEAN Research Institute (CARI), which promotes ASEAN integration; and the ASEAN Business Club (ABC) that aims to promote business collaborations among ASEAN companies.