Even as the rest of the world feels the pinch of Beijing's clampdown on outbound capital, China is ploughing money into Southeast Asia – much of it into infrastructure projects related to President Xi Jinping's signature Belt and Road initiative. (Antara Photo/Fikri Yusuf)

Asean Signs Partnership With Consulting Firm to Grants Scholarships


JUNE 23, 2016

Jakarta. The Business Advisory Council of Association of Southeast Asian Nation, known as Asean-BAC, signed a Memorandum of Agreement with SRW&Co, a consultant management firm, on Wednesday (23/06) at the Asean Secretariat office in South Jakarta, to build a strategic partnership.

The partnership was signed by Oudet Souvannavong representing the Sean-BAC and Daniel Wong from SRW&Co.

The MoA grants scholarships to the winners of the 2016 Asean Business Awards 2016, as part of the Asean Business and Investment Summit program to be held in Laos in September.

Winners of the Young Entrepreneur of the Year, Woman Entrepreneur of the Year and the Most Innovative SME will all receive scholarships.

The final winner will attend the Asean Global Leadership Program (AGLP) next at a global top university or business school.

The AGLP is a five-day program focusing on globalization, entrepreneurship, innovation and leadership.

The program provides a learning platform for participants to address the challenges and opportunities in the Asean Economic Community (AEC) while promoting business networks among Southeast Asia.

The AGLP launched in 2009 with the University of Cambridge Judge Business School in the UK, followed by China's Cheung Kong Graduate Business School, University of California Berkeley Haas Business School and the London Business School.

AGLP alumni include 250 top executives at the c-suite and board level in corporate business, as well as policy makers and regulators in the public sector.

Meanwhile, SRW&Co. is a management consulting firm on the regional level, providing services for a full range of integrated people management, while also catering in development solutions to help organizations improve performance.

SRW&Co. also ventured into executive education since 2008 by collaborating with the ivy league business schools and universities to design and deliver the flagship program of the Asean Global Leadership Programs in Europe, China, and USA.

Previously, Asean-BAC was created by Asean Leaders, bringing together chief executives, heads of chambers of commerce and industry and business organizations from the Asean members to provide feedback and guidance in facilitating the fast track of AEC implementation.

The organization also provide feedback to business in private sector on AEC implementation, while identifying the priority areas for the leaders.

Activities include reviewing and identifying issues to facilitate and promote the economic cooperation and integration, submit the annual recommendations for the leaders and Asean economic ministries and socializing the concept of the AEC to the private sector.