On October 27, 2015

ASEAN Business Club Visits London To Explore ASEAN-UK Investment Opportunities

KUALA LUMPUR, Oct 15 (Bernama) — The ASEAN Business Club (ABC) led a high-level delegation for a visit to London recently to explore two-way investment opportunities between ASEAN and the UK.

The highlights of the visit included a roundtable meeting with Commercial Secretary to the Treasury Lord O’Neill of Gatley at the office of the British Prime Minister in Downing Street.

O’Neill chaired a roundtable with discussions centred on the UK’s economic prospects and growth projections, and its views on global economy following China’s economic slowdown.

The panel also addressed the European Union (EU) referendum due to be held before end of 2017.

The delegation comprised leading corporations from ASEAN, particularly that of Malaysia such as CIMB Group, AirAsia, AirAsia X, Ayala Corporation, YTL Corporation, Malaysian Resources Corp Bhd, Amcorp Properties, SapuraKencana Petroleum, and Astro.

“We are committed to building the Northern Powerhouse, and securing overseas investment in some of our most ambitious Northern projects is a crucial part of our plans.

“That’s why we are encouraging leading ASEAN businesses to seize the exciting investment opportunities here in the UK to support our key infrastructure developments, and help grow the economy,” O’Neill said in a statement today.

Earlier, UK Secretary of State for Business, Innovation and Skills, Sajid Javid addressed the delegation at the UK-ASEAN Dialogue organised by Asia House in collaboration with the CIMB ASEAN Research Institute and the ABC.

“ASEAN, home to 600 million people, is one of the fastest growing markets in the world. Here in the UK, as part of the EU, we offer access to a market of over 500 million. Between us we share access to a vast market, which offers new and exciting business opportunities,” he said.

The conference debated on current topics such as “ASEAN Politics of Uncertainty: What’s Going to Happen to AEC 2015?” and “Developing ASEAN: Infrastructure Financing Opportunities”.

Speakers at the conference included Tan Sri Dr. Munir Majid (ASEAN Business Advisory Council chairman), Tan Sri Tony Fernandes (AirAsia group CEO), Gregory Hodkinson (Arup chairman), David Sayer (High Growth Markets, KPMG LLP UK chairman), Lord Mandelson (Global Counsel chairman), and Donald P. Kanak (Prudential Corporation Asia non-executive chairman).

The conference was attended by senior representatives from some of the largest UK corporations, including HSBC, Arup, Diageo, KPMG, BP, Liverpool FC, Lloyds, London Stock Exchange, BAE Systems, Pinsent Masons, Prudential, Kroll, Eversheds, Matheson & Co, Dyson, Bupa, Aon, Standard Chartered, Amec Foster Wheeler, and The Royal Bank of Scotland.

— BERNAMA

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