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The 4th ASEAN Outsanding Business Awards 2014 was recently held in Malaysia at the Royal Chulan Hotel on the 15th of May 2014. The event represents one of many held by the ASEAN Retail Chain and Franchise Federation(ARFF) in the past. The ARFF was set up by the ASEAN Business Advisory Council (Asean-BAC) with the aim of making the ASEAN region a hub of retailing and franchising excellence. The formation of the ARFF serves as a platform to stimulate the domestic economy by promoting the growth of the retail chain and franchise sector and to meet the agenda of ASEAN Economic Community Blueprint by 2015. The retail and franchise industry in ASEAN contributed 7.6% GDP of the region economy at the value of USD2.15 trillion in 2011 and it is expected to rise further with the implementation of AEC.

The objectives of the ASEAN Outstanding Business Awards this year was to recognise the achievements in Asian business sector, to honour and encourage to the entrepreneur and leaders, to develop of new leaders and t serve as catalyst of growth for country’s economic driver.

The awards programme was launched on the 3rd of April 2014 by Yang Berhormat Senator Dato’ Seri Ahmad Bashah bin Md Hanipah, Deputy Minister of Ministry of Domestic Trade, Co-operatives and Consumerism with the theme “Making ASEAN A Vibrant Business Community” in line with the AEC goals of integrating ASEAN as one community. The awards programme is supported by the ministry since its inception in 2010. The ASEAN Outstanding Business Awards 2014 offers branding and unlimited networking opportunities among the leaders and the guests. The award ceremony  will also serves as a platform to further brand and enhance Malaysia’s status as a leading economic power in the region.

The awards nomination criteria is based on several aspect prominently including leadership, innovation, global impact, financial performance, personal integrity, influence and strategic Direction. Among the awards were given out included:

1. Lifetime Achievement Award

2. Masterclass CEO of the Year

3. Masterclass GLC CEO of the year

4. Masterclass Women CEO of the year

5. Masterclass Entrepreneur of the year

6. Masterclass Women Entrepreneur of the year

7. Masterclass Technopreneur of the year

8. Emerging CEO of the year

9. Emerging Entrepreneur of the year

10. Emerging Women Entrepreneur of the year

11. CSR Company of the year

12. Conglomerate Company of the year

13. Industries Class Awards

The awards programme received participation not only from the 10 ASEAN countries but also from the +6 dialogue countries such as Australia, New Zealand, China, India, Japan and Korea.

Past winners of the awards include Tan Sri Tony Fernandez of Air Asia, Dato’ Sri Robert Wong of Oriental Holdings, Dato’ Wira SM Faisal of Naza World, Joanne Wong of IES Global Beijing, Hendy Setiono of Kebab Turki Baba Rafi Indonesia, PT Nalpia Indonesia, and many more.

The Asian Entrepreneur is proud to serve as a strategic media partner in this event and to assist in more active participation in the years to come.

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