KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has hosted the Asean Business Advisory Council (Asean-BAC) Malaysia briefing to share 12 key initiatives for Malaysia’s Asean chairmanship year with over 40 business organisations.
Among others, the Asean Business Entity – a key initiative by Asean-BAC Malaysia – proposes that Asean member states offer operational flexibility to Asean-based companies.
This is particularly regarding the movement of talent, capital and back-end outsourcing.
Asean-BAC Malaysia chairman Tan Sri Nazir Razak said there needs to be a business category for Asean, beyond local and foreign, so that companies anchored in the Asean market can operate with ease and circumvent the fragmentation challenges confronting businesses that try to scale in this region.
FMM president Tan Sri Soh Thian Lai said businesses are crucial partners in shaping Asean’s future. — Bernama
