Singapore Clippings: Singapore expects $12b investments, February 1, 2010 IN THIS UPDATE:
• Defense & Security
• Health & Life Sciences
Some cool stuff will go down in Singapore on Tuesday, March 30th. For more info, contact Regional Director Martin Hutagalung at email@example.com
(Jakarta) The US-ASEAN Business Council completed a four-day business mission to Indonesia today. The delegation was composed of 62 executives from 27 leading American companies. The visit came at an historic moment in the relationship between Indonesia and the United States in the lead-up to President Obama’s visit later this year. In response to the key priorities of the Indonesian government, outlined by H.E. Vice President Boediono and others, the Council announced its launch of an infrastructure working group.
(Washington, D.C.) The US-ASEAN Business Council presented its first Lifetime Achievement Award to Minister Mentor Lee Kuan Yew of Singapore during a black-tie celebration of the Council's 25th anniversary held at the Mandarin Oriental hotel in Washington, D.C. this evening. Luminaries from the foreign policy, government, academic, and business communities gathered to honor both the Council and Minister Mentor Lee on their achievements. Speakers included former U.S. Secretaries of State Dr. Henry Kissinger and Dr. George P. Shultz, United Technologies Chairman George David, Senator Jim Webb, Chairman of the Subcommittee on East Asian and Pacific Affairs on the Foreign Relations Committee, and Assistant Secretary of State for East Asian and Pacific Affairs Kurt M. Campbell. Former U.S. Presidents Bill Clinton and George H.W. Bush added their congratulations to the Council and Minister Mentor Lee via video.
(Hanoi, Vietnam) Addressing an audience of senior executives of leading US information and communication technology companies Tuesday, Deputy Prime Minister Nguyen Thien Nhan stressed that he would like to see a "US strategic partnership with Vietnam on ICT" established soon with support and participation from members of the US-ASEAN Business Council in the ICT sector.
(Washington, DC) The US-ASEAN Business Council today named Alexander Feldman as President, replacing Matthew Daley, who held the position for more than four years. Feldman, a former U.S. State Department and Commerce Department official, will be responsible for the Council's operations in the United States and its five offices in Southeast Asia. The trade association is composed of nearly 100 U.S.-based companies, including two-thirds of the Dow Industrial Average component companies, and supports American trade, investment and business interests in Southeast Asia.
(Pattaya, Thailand) The US-ASEAN Business Council led a delegation of senior executives from leading American financial institutions to the 2009 ASEAN Finance Ministers Meeting (AFMM) in Pattaya, Thailand, April 8-9. The delegation, comprising representatives from ACE Group, AIG, Citibank, GE Money, Standard & Poor's, and NYSE-Euronext, was led by David Wolf, President, ACE Life, and Chairman of the Council's Financial Services Working Group.
The Council has had the honor of hosting a dialogue with the 10 ASEAN Finance Ministers and American business leaders for the last several years This year's mission to the AFMM is timely given the current global economic and financial crisis and coming on heals of the recent G20 Summit and on the eve of the ASEAN+3 Summit.
(Washington, DC) The US-ASEAN Business Council announced today the election of Muhtar Kent, President and CEO of The Coca-Cola Company, as new Chairman of the Council’s Board of Directors.
“I look forward to working with the US-ASEAN Business Council, which plays an important role in assisting American business in a vital part of the world,” said Kent.
ASEAN (Association of South East Nations) is an economic and political alliance of ten south-east Asia countries: Indonesia, Singapore, Thailand, Malaysia, Philippines, Brunei, Vietnam, Laos, Cambodia and Burma (Myanmar). The population of the combined ASEAN countries is over 500 million. US exports to ASEAN have grown steadily over the last 10 years reaching $60.5 billion in 2007, comparable to US exports to China and Japan and four times US exports to India.
(New York, NY) The New York Stock Exchange yesterday recognized the US-ASEAN Business Council's achievements for over two decades in helping U.S. companies and organizations build strategic alliances and working relationships with ASEAN countries.
To celebrate this milestone, US-ASEAN Business Council Vice President William Marmon rang The Closing Bell.
(Jakarta) The US-Indonesia Business Council of the US-ASEAN Business Council completed a three-day business mission to Indonesia yesterday. The delegation included 54 executives from 27 prominent American companies. The delegates met with top officials including the Vice President, Foreign Minister, Trade Minister and Speaker of the House of Representatives (DPR). Discussions with the government focused on a range of issues related to U.S. investments in Indonesia, including a review of specific steps that could attract greater participation in the Indonesian market by U.S. companies.
The size and seniority of the business mission made it clear that despite the global economic crisis, American companies see valuable growth opportunities in Indonesia.
(Manila) The US-ASEAN Business Council led a delegation of senior executives from 11 American companies on a three-day business mission to the Philippines October,15-17, including a lunch meeting with Philippine president Gloria Macapagal Arroyo.
The delegation included representatives from the Coca-Cola Company, Ford Motors, General Electric, GlaxoSmithKline, Hewlett-Packard, Jhpiego, Johnson & Johnson, Monsanto, Oracle, Pfizer, Unisys, and was co-led by Council Vice President William Marmon and Kandy Anand, President of Coca-Cola Philippines and Chairman of the Council's US-Philippines Business Committee.
"In today's global economic climate the breadth of this mission and range of sectors involved send a clear message on the continued commitment of the American business community to growth and development in the Philippines," William Marmon noted.