Yinson Holdings Berhad (“Yinson”) has officially embraced the
mandate to drive ASEAN economic integration and cooperation in 2025 through its role as
Council Member of ASEAN Business Advisory Council (“ASEAN-BAC”) Malaysia.
The change in chairmanship between ASEAN-BAC Laos and Malaysia was marked by a
symbolic flag handover by Oudet Souvannavong, Chairman of ASEAN-BAC Laos to Tan Sri
Nazir Razak, Chairman of ASEAN-BAC Malaysia during the chairmanship launch event in
Eastern & Oriental Hotel, Penang recently. The event was graced by Tuan Yang Terutama Tun
Dato’ Seri Utama Ahmad Fuzi Bin Haji Abdul Razak, Yang di-Pertua Negeri of Penang, and The
Right Honourable Chow Kon Yeow, Chief Minister of Penang.
The theme, ‘Unifying markets for shared prosperity’ for the upcoming chairmanship year was
also unveiled during the event. The theme reflects the council’s belief that meaningful
economic integration will bring prosperity to ASEAN. The continued development of the
ASEAN Economic Community, first announced 10 years ago when Malaysia last held ASEAN
chairmanship, remains a key agenda for 2025.
Yinson, through the appointment of its Group Chief Executive Officer Lim Chern Yuan, has
been an ASEAN-BAC Malaysia Council Member since 2023. Yinson also leads the ASEAN
Common Carbon Market Initiative, which is one of ASEAN-BAC Malaysia’s Priorities for 2025.
To support the achievement of this Priority, Yinson is a founding member and is leading the
Malaysia Carbon Market Association (MCMA) and is also Co-Chair Malaysia of the ASEAN
Alliance on Carbon Markets (AACM). These efforts aim to accelerate carbon market projects
and build the ASEAN Common Carbon Framework (ACCF).
Commenting during the launch event, Lim said, “The robust support from ASEAN nations for
our Chairmanship Vision underscoresthe formidable strength of our alliance. This initial wave
of enthusiasm is just the beginning, and I believe 2025 will bring even greater ASEAN
economic integration and cross-border business cooperation. Alongside my fellow ASEANBAC Council Members, let us collaborate and create private policy initiatives and programmes
which are crucial for our collective prosperity. Together, we can unite our markets for shared
prosperity.”
