Philstar.com
October 29, 2025 | 3:53pm
KUALA LUMPUR, Malaysia — The Philippines officially assumed the 2026 Chairship of the ASEAN Business Advisory Council (ASEAN-BAC) on October 26, 2025, as ASEAN-BAC Malaysia handed over leadership of the regional body.
The council provides private sector guidance to boost ASEAN’s economic integration and identifies priority areas for consideration by ASEAN Leaders.
The ASEAN-BAC Philippines delegation, led by Chair Jose Ma. Concepcion III and council members George Barcelon and Michael Tan, traveled to Kuala Lumpur for the handover ceremonies.
The event was a highlight of the ASEAN-BAC Events and Related Summits held from October 24 to 27, which included the ASEAN Business & Investment Summit, the ASEAN Business Awards and the inaugural ASEAN Inclusive Growth Summit.
These events coincided with the 47th ASEAN Summit, which gathers leaders of the Association of Southeast Asian Nations.
ASEAN-BAC Philippines will continue to follow the guiding theme of “Prosperity for All”, first adopted during its previous chairship in 2017.
“There has been plenty of exchanging of ideas, and I am glad to hear how some resonate with my own views of the role of ASEAN and the private sector in bringing about inclusive, sustainable growth,” Concepcion said.
“As we take on this new role, our goal is to build on this momentum, empowering MSMEs and strengthening partnerships that drive inclusive growth and food security across the region. Together, we can ensure that the ASEAN spirit of unity, innovation, and entrepreneurship continues to thrive,” he added.
