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An Asian Business Perspective on the AEC

Representatives from 14 business chambers and organizations from 12 Asian economies converged in Tokyo, Japan, for the 6th Asian Business Summit hosted by Nippon Keidanren from 12 to 13 July 2015. Prime Minister of Japan, Shinzo Abe, was also present at the summit. With 2015 widely anticipated to be an epoch making year with the imminent establishment of the ASEAN Economic Community (AEC), the summit discussed the expectations and aspirations of the Asian business community and delineated the role of the private sector in the sustained economic growth of the region. Businesses, with their direct presence in the market field, are able to provide the government with constructive feedback, who will be able to introduce pro-business schemes by analysing the feedback.

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Speaking at the summit in his capacity as President of the Singapore National Employers Federation (SNEF), Executive Chairman of YCH Group Dr Robert Yap reaffirmed this view, stating that “Regional integration is crucial to the stability and resilience of the Asian economies in view of Asia's Rising Consumerism in the midst of global uncertainties. As more than 97% of the region's enterprises are SMEs, governmental support and commitment to align the private sector to complement its efforts and change their mindset, is a key element to its success."

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  image1 The YCH60 logo is formed by the number ‘6’ and shi ‘十’, ten in Chinese, making up sixty, signifying six decades of supply chain excellence. The shadow of the combination represents the Chinese character sheng ‘升’ or RISE, YCH’s corporate philosophy.  The combination also resembles ye ‘叶’, the first character of our Chinese company name ‘叶水福’.  
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