THE STATISTICS are eye-opening: according to insurance industry insiders, as of April this year, less than 50% of Malaysians remain uninsured.
VIENTIANE: The ASEAN Business Advisory Council has outlined several key initiatives that will be highlighted during Malaysia's chairmanship next year, including an initial public offering framework for the 10-member bloc.
"With an ASEAN prospectus, we can seek investment from anyone across the entire ASEAN population. That is something very tangible," he told Bernama in conjunction with the 44th and 45th ASEAN Summits and Related Summits in the capital of Laos.Nazir, who is also the vice-chairman of ASEAN-BAC and will assume the chairmanship next year, said ASEAN-BAC will collaborate with the Securities Commission to introduce the ASEAN IPO initiative.
He was previously reported as saying that once certified as an ABE, a company will be able to enjoy incentives and privileges offered by member countries, including greater market access. According to him, the council will conduct a study to mandate that every corporate entity in the ASEAN community contribute to CSR initiatives.
Nazir Razak ASEAN ASEAN-BAC Malaysia MADANI
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