SINGAPORE
-�Media OutReach�- 13 November 2018 -�The Singapore Business
Federation hosted the 3^rd ASEAN Young Entrepreneurs Carnival (AYEC) on
13-14 November 2018, in conjunction with the ASEAN Business & Investment
Summit in Singapore.

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Some 300 young
business leaders from 10 ASEAN countries, China, India and Australia gathered in
Singapore for the AYEC event, themed 'Smart Leaders: Smart Business'.

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With Singapore as
Chair of ASEAN in 2018, AYEC is being organised in partnership with the
national young entrepreneur organisations from 12 countries.

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Focus on
financing and innovation to help growth and transformation in businesses, the
conference highlighted the use of artificial intelligence and analytics to help
young leaders improve their business performance, and learnt about innovative
strategies to strengthen management capabilities in their respective
businesses.

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There were
several networking and collaborative sessions tailored for five specific
industry sectors: IT & Technology,
Agribusiness & Commodities, Construction & Real Estate Development,
Supply Chain & Logistics, and
Consumer & Lifestyle.

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The opening
address was given by Mr Kesavan Sathyamoorthy, AYEC Chairman, and this was followed
by a high-level dialogue with Guest-of-Honour Ms Sim Ann, Singapore's Senior
Minister of State for Ministry of Communications and Information and Ministry of
Culture, Community and Youth. The dialogue included panellists Mr Lionel Yeo,
CEO Advisor of Grab; and Ms Chong Ee Rong, Singapore Business Federation (SBF)
Council Member and Chair of SBF Young Business Leaders Network (YBLN).

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Mr Sathyamoorthy said: "The ASEAN Young Entrepreneurs
Carnival is centred on the core principles of partnership and collaboration to
enable aspiring young leaders to step forward and drive business and economic
growth in the region. With technology and analytics becoming ever important in
business today, AYEC 2018 has embedded these core themes into this forum."�

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There were two
agreements signed during the event. The first agreement was between AYEC and
the Council Confederation of Indian Industry where both parties will
collaborate to support the growth of ASEAN and Indian trade and investment champions
among young entrepreneurs and startups.

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A second agreement
between AYEC and the China Young Entrepreneurs Association was also signed
between both parties to seed greater collaboration between young entrepreneurs'
groups in these countries.

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The AYEC is a regional young entrepreneurs organisation incubated by the
ASEAN Business Advisory Council (ASEAN-BAC).