SHAH ALAM, Aug 25 — The Virtual Selangor Asean Business Conference (SABC) 2020 is set to become a catalyst for new investments from the Asean region to strategically take root and expand in Selangor.
Selangor Investment, Industry & Commerce and Small & Medium Enterprise Committee chairman Selangor Dato’ Teng Chang Khim said the virtual conference would continue to create opportunities for the state to form strategic alliances to accelerate economic recovery and subsequent growth with the region.
“Selangor, as a state, is Malaysia’s economic powerhouse and has been growing higher than the national average annually, with our contribution of over 24 per cent to Malaysia’s GDP (gross domestic product) in 2019.
“It is also the most strategic investment destination in Malaysia, complemented with a comprehensive infrastructure, equipped with excellent ICT facilities and business-friendly environment,” said Teng in his opening remarks at the Virtual SABC 2020 today.
He said the state has the largest talent pool of about 3.6 million with over 60,000 graduate from 160 higher learning institutions in Selangor.
Teng said the state administration had significantly invested to showcase Selangor as a premier regional economic, industrial and business hub, which led to the annual SABC as part of its Globalisation and Trade Initiatives.
“Over the course of four webinars and a full-day conference scheduled in October 2020, SABC will continue to be the engagement platform to share and discuss the challenges and opportunities, which hopefully, will pave the way for a more comprehensive recovery for all of you.
“Despite the uncertainty and complications, I believe Asean as a region would still be able to remain relevant and strong, with her abundance of resources, positive business eco-system, talented workforce and a huge market of more than 640 million population,” he said.
The first series of the Virtual SABC today saw prominent speakers such as China-Asean Investment Cooperation Fund, Hong Kong managing director Than Su Ee, International Data Corporation (IDC) Asean, managing director Sudev Bangah, and Universiti Malaysia Kebangsaan, Centre for Sustainable and Inclusive Development, Economics Prof Dr Jamal Othman.
Themed ‘Asean: A Beacon of Light in a Pandemic-hit World Economy’, the Virtual SABC, organised by Invest Selangor Bhd, will host a monthly series of four webinars from August 25, 2020, at 11am – 12.15pm, with the main Selangor International Business Summit 2020 slated for October 14, 2020 from 11am – 12.15pm.
