About ASEAN Business Advisory Council(ASEAN-BAC)
Launched in April 2003, ASEAN Business Advisory Council (ASEAN-BAC) was formed following decision of the ASEAN Leaders at the 7th ASEAN Summit, with the mandate to provide private sector feedback and guidance to boost ASEAN's efforts towards economic integration. Accordingly, ASEAN-BAC’s activities are primarily focused on reviewing and identifying issues to facilitate and promote economic cooperation and integration. The Council also submits annual recommendations for the consideration of the ASEAN Leaders and the ASEAN Economic Ministers (AEM).
ASEAN-BAC’s members are appointed by the Ministers in charge, and comprise of high-level CEOs of companies from each member country. Each country is represented by a maximum of three members, with one representing the interest of the small and medium-sized enterprises.
About ASEAN-BAC Malaysia
The ASEAN Business Advisory Council (ASEAN-BAC) Malaysia Chapter is an integral participant in the regional ASEAN-BAC with regular participation at all Council Meetings and Consultation with the leaders. Over the course of the 13 years that the ASEAN-BAC Malaysia Chapter has been in operation, various recommendations, feedback and input have been provided during the consultation with the ASEAN Economic Ministers and ASEAN Heads of State at the regular ASEAN Consultation and Business Summits. At the same time, various studies on the national and regional economic climate have been conducted to substantiate the recommendations, some of which have already been incorporated into the guidelines of the overall ASEAN Economic Community Agenda.
Moving forward, ASEAN-BAC as a collective endeavour to venture into more operative initiatives such as business matchmakings and promotional activities between the private sector businesses within the region, with particular emphasis on SMEs, the main economic driver of the region. Every national council is responsible for the implementation of these initiatives at national level with collaboration, support and connectivity with the various other national councils.
The initiatives are set in accordance with the guidelines and timeline of the implementation of the ASEAN Economic Community (AEC), with its formation year in 2015 and hosted by Malaysia.
ASEAN-BAC Malaysia Council Members
ASEAN-BAC Malaysia is represented by Tan Sri Dr Mohd Munir bin Abdul Majid (Chairman) & Mr. Raja Singham (Council Member and ASEAN-BAC's Secretary).
Tan Sri Dato' Dr. Mohd Munir Abdul Majid
Tan Sri Dr. Munir worked in UK as a university tutor and research analyst in the City before returning to Malaysia at the end of 1978, to be leader writer for the New Straits Times. He progressed to the position of Group Editor before leaving in 1986 to become Chief Executive Officer of a small merchant bank Pertanian Baring Sanwa, whose name he changed to Commerce International Merchant Bankers (CIMB), which was then transformed into one of Malaysia’s leading merchant banks. In 1993, he was invited by the Government of Malaysia to establish the Securities Commission, where he served as Executive Chairman for two terms until 1999. He was instrumental in shaping the legal and regulatory framework of the capital markets in Malaysia, particularly in establishing disclosurebased regulation. He was also responsible for drafting the country’s first code of corporate governance in the aftermath of the Asian Financial Crisis of 1997-98. He was Chairman of the Emerging Markets Committee of the International Organisation of Securities Commissions during his term at Malaysia’s Securities Commission. After leaving the Commission, he became Director of Telekom Malaysia Berhad, Chairman of Celcom (Malaysia) Berhad and Chairman of Malaysian Airline System Berhad. He was Founder President of the Kuala Lumpur Business Club, established in 2003 and is a member of the Court of Fellows of the Malaysian Institute of Management. He is currently Chairman of Bank Muamalat Malaysia Berhad, of CIMB Asean Research Institute, of the Asean Business Advisory Council, Malaysia and of The Financial Services Professional Board Malaysia (FSPB), as well as President of the Asean Business Club.
Tan Sri Dr. Munir obtained a B.Sc (Econ) and Ph.D in international relations from the London School of Economic and Political Science (LSE) in 1971 and 1978. He is an Honorary Fellow of LSE and continues the long association with his alma mater as Visiting Senior Fellow at the Centre of International affairs, Diplomacy and Strategy. Tan Sri Dr. Munir is an associate of Southeast Asia Centre (SEAC) at LSE.
Co-founder and Managing Director of the BAC Education Group, Raja Singham is an educator, entrepreneur and a founding member of a range of companies specialising in education, corporate training, advertising, publications, event management and IT development.
Raja founded Brickfields Asia College (BAC) in 1991 at the age of 24 which grew to become the largest law school in Malaysia.
Named Education Man of the Year by the Brand Laureate for his significant contribution to the education sector, he has implemented various initiatives to improve education and access to education in Malaysia. He also received the National Outstanding Educator Award in 2015 from the Private Education Co-operative of Malaysia.
Raja was appointed the Lead Mentor of the ASEAN Mentorship for Entrepreneurs Network (AMEN) in Malaysia under the ASEAN Business Advisory Council. He was also invited to join the Advisory Council of the United Nations International Children's Emergency Fund (UNICEF). He was named a Circle Expert for TN50 (Transformasi National 2050) on Work and Value Creation which looked at the future of jobs, skills and careers to prepare the Malaysian education system and workforce for the challenges and opportunities that lie ahead.
A well-known philanthropist whose personal mission is to transform a million lives through education, Raja now spends most of his time supporting both Malaysian and international causes under the Make It Right Movement (MIRM) umbrella.