THE Philippine business community is now gearing up for the country’s hosting of the Asean Business and Investment Summit (Asean-BIS) next year, which will coincide with the 50th year of the founding of the Association of Southeast Asian Nations (Asean).
“This early, Asean-Business Advisory Council [Asean-BAC] Philippines is already preparing for the biggest event in the region next year. This is the 50th anniversary of the Asean-BAC,” George Barcelon, president of Philippine Chamber of Commerce and Industry (PCCI), said on Monday.
The forthcoming 42nd Philippine Business Conference (PBC) will be hosting the handover of the Asean-BAC chairmanship from Laos to the Philippines.
Barcelon said the PBC “is the most suitable venue to hold the handover as it already has a captive audience from Luzon, Visayas and Mindanao through our local chambers.”
According to Barcelon, “the President [Rodrigo Duterte] has confirmed he is gracing the closing ceremony.”
Asean-BIS is Asean’s premier annual business event that serves as a platform for the business community to engage with Asean leaders, policymakers and entrepreneurs to discuss the pressing issues faced by businesses, particularly small and medium enterprises (SMEs).
“With the chairmanship of the Philippines of Asean and Asean-BAC, we can look forward to a stronger partnership of the private and public sectors in the Asean region that will promote the Philippine business sector to a global level,” Barcelon added.