The Selangor International Business Summit 2019 (SIBS) was officially launched by Y.A.B Tuan Amirudin Bin Shari, Dato’ Menteri Besar Selangor (Chief Minister of Selangor). Present at the event was Yong Kai Ping, Chief Executive of SITEC (Selangor Information Technology and E-Commerce Council), Encik Muhammad Yasir bin Yahya, Under Secretary, Human Resource Division, Selangor State Secretary, Y.B Dato’ Teng Chang Khim, Selangor State Senior Executive Councillor (EXCO) for Investment, Industry and Commerce and SME and Y.Bhg Dato’ Hasan Azhari Hj Idris, Chief Executive Officer, Invest Selangor Berhad.
Selangor International Business Summit (SIBS) 2019 is organised by Invest Selangor Berhad under the patronage of the State Government of Selangor.
SIBS 2019 is an international event which brings together global brands and congregates industry players around the region. The event has attracted a series of high-profile official sponsors, strategic partners, local and international media partners, highlighting the event’s relevance to the local and ASEAN economy.
Among the partners who will be part of the 3rd edition of SIBS which scheduled to take place from 10th to 13th October 2019 at Malaysia International Trade & Exhibition Centre (MITEC), Kuala Lumpur include
- Diamond Sponsor – Menteri Besar Selangor Incorporated;
- Platinum Sponsor – Hong Leong Bank Malaysia and PKT Logistic Group Sdn Bhd;
- Gold Sponsors – QSR Brands (M) Holdings Bhd and Central Spectrum (M) Sdn Bhd;
- Sliver Sponsors – Northport (Malaysia) Bhd, MSM Kitchen Equipment Sdn Bhd and Malaysia Cocoa Board;
- Official Airline Partner – Malaysia Airlines Berhad;
- Official Ingredient Partner – Fraser & Neave Holdings Berhad and Avena Cooking Oil and
- Official Coffee Partner – Starbucks Malaysia.
The local and international media partners include ITV Networks, ASTRO Awani, BERNAMA, Business Today, Focus Malaysia, Virtual Retale, The Japan Times, Business Times.CN, The Malaysian Reserve, OIC Today, Asiawide Franchise and Warga Biz.
According to Y.A.B Tuan Amirudin Bin Shari, Dato’ Menteri Besar Selangor (Chief Minister of Selangor), “SIBS will help strengthen Malaysia’s profile internationally as the strategic partner for businesses to enter the ASEAN market, and Selangor specifically as a solid proposition to be the hub in the region, where businesses are able to gather, engage and network in one place, that is Selangor, The Gateway to ASEAN”.
“Selangor continues to raise the bar as the largest economic driver in Malaysia, with 23 percent contribution to Malaysia’s GDP in 2017. In terms of investment, we recorded our best performance in history with a RM18.9 billion, with 241 approved projects in 2018. In 2019, we are targeting to receive a total investment valued at RM10 billion, a conservative forecast due to various global economic uncertainties”, he added.
SIBS 2019 also offers a very strong line up of programmes, which will include a high value showcase of the 5th Selangor International Expo 2019, the 3rd Selangor-ASEAN Business Conference 2019, the 4th Selangor Smart City and Digital Economy Convention and the inaugural Selangor R&D and Innovation Expo to encourage greater business opportunities for SIBS 2019 participants.
“In 2018, Selangor International Business Summit saw a total of 23,737 visitors and recorded a negotiated trade transaction valued at RM194.6 million. We are anticipating a bigger event this year, targeting 850 booths and expecting 30,000 visitors not only from Malaysia, but also from countries in the region,” said Y.B Dato’ Teng Chang Khim, Selangor State Senior Executive Councillor (EXCO) for Investment, Industry and Commerce and SME.
Selangor International Summit has been tagged as the largest state-led trade summit, a platform for Malaysian and international companies to forge trade relations and to exchange knowledge in business and product innovation.
SIBS 2019 is bigger, larger, and filled with exciting events such as conferences featuring influential speakers on the key issues that impact international trade, especially within ASEAN region, featured alongside an international expo showcasing products from countries such as India, Thailand, Vietnam, Indonesia, Taiwan and Japan participating this year.
Endorsed by Malaysia External Trade Development Corporation (MATRADE), the national trade promotion agency, under the Malaysian Ministry of International Trade and Industry (MITI), SIBS 2019 is set to further position Selangor as a significant centre for domestic and international businesses that would like to build or strengthen their presence in the ASEAN region.