In a milestone initiative signaling a renewed commitment to regional economic cooperation, the ASEAN Business Advisory Council (ASEAN-BAC) Philippines will host the inaugural ASEAN-BAC Retreat on July 7–8, 2025, in Makati City. This first-of-its-kind gathering marks a significant step in redefining the Council’s role in ASEAN’s integration agenda.

The retreat will also feature a high-level reception that will serve as the soft launch of the Philippines’ ASEAN-BAC Chairmanship in 2026. It will bring together business leaders from across Southeast Asia, senior government officials, members of the diplomatic corps, and development partners—highlighting the Philippines’ whole-of-nation approach to driving ASEAN prosperity.

Joey Concepcion, Chair of ASEAN-BAC Philippines and founder of Go Negosyo, announced the event, saying, “We envision an ASEAN where no one is left behind; where digital innovation, sustainability, and entrepreneurship fuel inclusive growth that uplifts people, empowers communities, and benefits all nations.”

Tan Sri Nazir Razak, ASEAN-BAC 2025 Chair and head of ASEAN-BAC Malaysia, together with co-Chair Joey Concepcion, incoming ASEAN-BAC Chair for 2026, are spearheading the retreat with theme, “ASEAN-BAC Reimagined.” The Council members, each appointed by their respective Heads of State or Government, will review their mandate.

“This is not just a meeting—it is a reset,” said Nazir. “In a world shaped by disruption and divergence, ASEAN-BAC must evolve to remain a credible and effective platform for the private sector. This first-ever retreat reflects our collective responsibility to strengthen our relevance and impact for the region.”

To ensure impactful outcomes, the retreat will be facilitated by McKinsey & Company to help guide the Council in sharpening its priorities and enhancing its role in driving ASEAN’s economic integration and public-private cooperation.

The retreat will also help bridge Malaysia’s ASEAN 2025 theme of ‘Inclusivity and Sustainability’ and the Philippines’ 2026 agenda, “Driving ASEAN Prosperity: Further, Faster, Together “

“This is the right moment to recalibrate,” Concepcion added. “With the Philippines set to chair ASEAN next year, we must be ready to lead with unity, purpose and impact. Together, ASEAN can—and must—move further, faster.