The ASEAN Business Advisory Council (ASEAN-BAC) has unveiled key initiatives for Malaysia’s chairmanship next year, including an IPO framework for the 10-member bloc. The proposal aims to boost investment across ASEAN’s 680 million population and USD3.8tr GDP. ASEAN-BAC Malaysia chairman Tan Sri Nazir Razak noted the goal is to allow companies to choose between a national or ASEAN prospectus for listings, enabling broader investment access. ASEAN-BAC will collaborate with the Securities Commission on this initiative, though legal and regulatory complexities remain. The council will also propose recognizing ASEAN Business Entities (ABE) to enhance regional business and outsourcing.