(Manila, Philippines) - In the effort to promote free and open trade, address investment barriers and foster a stronger U.S.-Philippine relationship, a delegation of US-ASEAN Business Council (US-ABC) member companies met with government officials in Manila September 16-18, during the US-ABC’s annual Philippines Business Mission.
The U.S. business delegation of 21 top U.S. firms was co-led by Alexander C. Feldman, US-ABC President & CEO and Ambassador Michael W. Michalak, US-ABC Senior Vice President and Regional Managing Director. Philip Vaughn, Executive Director of International Government Relations at Fluor, and co-chair of the US-ABC's Philippines Committee also helped lead the mission.
(Manila, Philippines) - On September 16, DOST and the US-ASEAN Business Council (US-ABC) signed a memorandum of understanding (MOU) to promote the development and implementation of science, technology and innovation (STI) initiatives of the government of the Republic of the Philippines in the private sector.
The signing ceremony with DOST Secretary Fortunato de la Peña took place during the Council’s 2019 Business Mission to the Philippines, an annual set of meetings promoting dialogue between U.S. private sector and the Philippine government.
(Washington, D.C.) – The Board of Directors, members and staff of the US-ASEAN Business Council (US-ABC) extend condolences to the people of Indonesia and the Habibie family on the passing of former President of Indonesia Bacharuddin Jusuf (B.J.) Habibie on September 11 at age 83.
“On behalf of the US-ASEAN Business Council, I send heartfelt condolences to the family of former President B.J. Habibie and the people of Indonesia,” said Alexander C. Feldman, US-ABC President and CEO. “I am saddened to learn of the loss of the former president, who served during a time of great change, leading Indonesia into democracy. In his previous role as Minister of Research and Technology he became known as the Father of Indonesian Technology, helping propel Indonesia’s development and promoting technology transfer to the country.”
(Bangkok, Thailand) – The US-ASEAN Business Council led its 20th consecutive delegation to the 51st ASEAN Economic Ministers’ Meeting (AEM) for a business mission September 8-10. The delegation had plenary meeting with all ASEAN Economic Ministers, bilateral meetings with heads of delegation from six ASEAN Member States, the ASEAN Secretariat, and the ASEAN Business Advisory Council, U.S. Government officials from the Office of the U.S. Trade Representative (USTR), the U.S. Mission to ASEAN, and United States Agency for International Development (USAID).
(Bangkok, Thailand) - From September 3-6, a delegation of seven major U.S. energy companies participated in the US-ASEAN Business Council’s business mission to the 37th ASEAN Ministers on Energy Meeting (AMEM) and Associated Meetings in Bangkok, Thailand. It was the 9th time that the Council has led a business mission to AMEM, which brings together delegations from the Energy Ministries of all ten ASEAN countries, as well as the countries that participate in the AMEM+3 and the East Asia Summit Energy Ministers Meeting (EAS EMM).
Council members extended support to Indonesia’s “SMEs Go Online” National Policy through a workshop designed to help empower Indonesian Small and Medium-sized Enterprises. From left to right: Mr. Landry Subianto (Chief Country Representative Indonesia, US-ASEAN Business Council), Ms. Nugraheni Utami (Associate SME Initiatives, US-ASEAN Business Council), Mr. Rudy (Head of Infrastructure Division – Ministry of Cooperatives and Small and Medium Enterprises of Indonesia), Mr. Matt Baker (Visa Head of Small and Medium Enterprises Solution), Mr. Ruben Hattari (Head of Public Policy, Facebook Indonesia), Ms. Alexandra Stuart (Visa Head of Government Engagement Southeast Asia), Mrs. Victoria Br. Simanungkalit (Deputy of Production and Marketing, Ministry of Cooperatives and Small and Medium Enterprises), Ambassador Michael W. Michalak (Senior Vice President and Regional Managing Director, US-ASEAN Business Council), Mr.
Investors have set their eyes on “seriously looking at Thailand ” as the U.S.-China trade war ramps up, according to the president and CEO of U.S.-ASEAN Business Council, Alexander Feldman.
Vietnam has frequently been cited as one of the largest beneficiaries in the trade war as companies shift their production out of China to avoid tariffs.
However, Vietnam’s labor market is tightening, and businesses are now looking to move manufacturing into other Asian countries instead — and that includes Thailand, Feldman told CNBC on Tuesday.
The U.S.-China trade war, which has lasted over a year, has seen both countries impose duties on billions of dollars worth of imports from each other. In a tweet last Friday, after announcing more tariffs on Beijing, U.S. President Donald Trump “ordered” American companies to “immediately start looking for an alternative to China.”
The prolonged trade fight between the United States and China is reordering the global supply chain and Vietnam could stand to be a winner for investors, according to a senior executive at U.S. investment firm General Atlantic.
As American companies plan to move their manufacturing bases outside China, countries in Southeast Asia could be the biggest beneficiaries, Sandeep Naik, head of India and Southeast Asia at General Atlantic, told CNBC’s “Street Signs ” on Tuesday.
“If you look at certain sectors like auto and chemicals, you see a large outflow of those manufacturing opportunities moving to Vietnam,” he said, adding that the investor community is closely watching for new investment destinations in the region.
General Atlantic has about $35 billion assets under management. The company invests in start-ups with high growth potential in four main areas: consumers, financial services, health care and technology.