ASEAN KEY DESTINATIONS
Malaysia's experience at ASEM is shared
Parallel to the summit was the Asia-Europe Business Forum where Maybank President and Chief Executive Officer Datuk Seri Abdul Wahid Omar and Bank Negara Deputy Governor Datuk Muhammad Ibrahim were among the speakers.
Abdul Wahid told Malaysian journalists covering the summit here that he shared Malaysia's experience at the forum and spoke about sustainable financing as well as sustainable development.
He told the forum that although the concept of sustainable development was more prevalent in the West, such awareness had "definitely landed in Asia."
For instance, he said, Malaysia embraced sustainability and made it one of the three pillars of the New Economic Model which was unveiled by Prime Minister Datuk Seri Najib Tun Razak in March.
The other two pillars are high income and inclusiveness.
"While Malaysia aspires towards greater economic development, it also wants to ensure that the environment is an ally and not a victim," said Abdul Wahid, who attended the forum for the first time.
He also spoke of Maybank's experience and told the session that the bank, which is Malaysia's biggest lender by assets -- amounting to US$100 billion, had been consistently playing the role as the mobiliser of funds towards productive sectors.
In the context of social development, he said the bank was looking at corporate responsibility and supporting micro financing, either in Malaysia or in countries where it had operations.
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