Three Bruneian enterprises received the ASEAN Business Awards (ABA) 2020 at a ceremony held in Vietnam.
ABA 2020 is ASEAN’s official awards ceremony and is organised annually by the bloc’s Business Advisory Council (BAC) since 2007.
Poni Group Sdn Bhd received the SME Excellence Growth award. The award was in recognition and to honour companies that have outstanding commercial success and sustainable growth.
Projek Feed Management Services received the ASEAN Inclusive Award. The category highlighted good practice examples of companies with business models designed to make profits while addressing problems of the poor and people in the lower income group.
The Country Star of the Year was awarded to Al-Huffaz Management.
ABA is a prestigious international-level event which recognises ASEAN enterprises and entrepreneurs which have reached outstanding achievements, sustained growth rates and have contributed to economic stability. The award also honours enterprises that have contributed to COVID-19 prevention throughout the region.
The ABA 2020 award system is divided into 10 categories. They include Priority Integration Sectors; SME Excellence; Young Entrepreneur; Woman Entrepreneur; Family Business; Skills Development; Friends of ASEAN; Inclusive Business; Combatting COVID-19 and Country Star of the Year.
Vietnam hosted the ceremony for the second time with the first taking place in 2010. BRG Group Chairman Nguyen Thi Nga, who is a member of the ASEAN BAC Vietnam, chaired the award ceremonies on both occasions.
In 2020, ASEAN businesses and entrepreneurs have been frontline fighters. The business community helped the regional economy during the pandemic while ensuring jobs and business growth, Nga said.
The judges comprised representatives from all 10 ASEAN member countries as well as other partners such as GIZ from Germany and the ASEAN Young Entrepreneurs Council.