Selangor International Business Summit aims bigger October comeback

Organised by Invest Selangor, the event is designed to act as a gateway to Asean, as well as a global trading hub

By HABHAJAN SINGH

The Selangor International Business Summit (SIBS), touted as a one-of-a-kind regional business event, is making a comeback in October with a bigger bang.

SIBS 2019, to be held on Oct 10-13, 2019, in Kuala Lumpur, will be hosting some 700 booths from 40 countries. The four-day event with four main components is expected to attract 30,000 trade visitors.

“This platform is one of its kind for the Asean business community. We have not found a similar forum in this region,” Selangor state executive councillor (exco) Datuk Teng Chang Khim told a recent press conference.

Organised by Invest Selangor Bhd, the event is designed to act as a gateway to the member nations of Asean, as well as a global trading hub.

“SIBS is not only the gateway into the Malaysian market, but more importantly, it continues to serve as a springboard to tap into the broader Asean market, home for over 600 million consumers and more than 200 of the world’s largest companies,” said Teng, who is the Selangor exco for investment, industry and commerce, and small and medium enterprises.

SIBS 2019 is the umbrella to four events. They are the Selangor International Expo 2019 (Oct 10-13), Selangor-Asean Business Conference 2019 (Oct 10-11), Selangor Smart City and Digital Economy Convention (Oct 11-13) and Selangor R&D and Innovation Expo (Oct 10-13).

The research and development (R&D) and innovation exposition is the new addition to the line-up at SIBS, which enters into its third year.

“This is a newbie and we target to get 150 exhibitors this year. The focus is, as the name suggests, on the all-important R&D and innovation with the emphasis on research universities and labs in Selangor,” said Teng.

Another new feature is the Malaysia International Tea and Coffee Expo running concurrently with the Selangor International Expo 2019, organised by the Tea Trade Association of Malaysia (TTAM).

“Malaysian coffee is famous in China. The traders’ association was active last year, and this year, they are taking it up one notch,” said Teng.

The Selangor International Expo 2019, now in its fifth edition, is a food and beverage (F&B) specific trade expo that will feature local and international F&B exporters.

The Selangor-Asean Business Conference 2019, now in its third year running, will discuss current issues and opportunities that impact the business landscape in Asean.

It will also feature panel discussions that analyse market insights and trends, with the primary aim of driving sustainable economic growth within the Asean Economic Community, according to the event information pack.

The Selangor Smart City and Digital Economy Convention 2019, now in its fourth edition, will gather speakers from the related industries to tackle topics within the digital economies such as smart technologies, Internet of Things, Industry 4.0 and big data.

Another sideline event at SIBS 2019 is the 9th Malaysia-China Entrepreneur Conference hosted by the Malaysia-China Chamber of Commerce on Oct 12.

“The one-day event will look into efforts to enhance and strengthen the Malaysia-China bilateral trade,” said Teng.

Also present at the press conference were Invest Selangor CEO Datuk Hasan Azhari Idris, Selangor Information Technology and E-commerce Council GM Loo Chuan Boon, Selangor state government representative Muhammad Yasir Yahya, TTAM chairman Liew Choon Kong and SIBS director Ahmad Khairo Othman.