Kuala Lumpur to host 2005 CNBC Business Leader awards

MUMBAI: CNBC Asia Pacific will be staging its 4th Asia Business Leader Awards (ABLA) 2005 in Kuala Lumpur, Malaysia.

The announcement followed a meeting between Malaysia's Prime Minister Datuk Seri Abdullah Ahmad Badawi and CNBC Asia Pacific president & CEO Alexander Brown, at Malaysia's Federal Government Administrative capital of Putrajaya on Tuesday, a company release says.

The Asia Business Leader Awards aims to recognise Asia's outstanding CEOs who have demonstrated superior leadership skills in managing highly successful businesses in their respective countries or in Asia. ABLA has a three-phase judging process, based on a combination of criteria including financial performance, leadership, creativity and innovation, and social responsibility. The judges comprise journalists, retired business leaders/CEOs or professionals with Asia experience, Asian corporate strategists, academics and international management thinkers. They evaluate candidates on their ability to create success in creating short-term advantage, long-term value, enhancing their competitive edge, and the demonstration of leadership in the business community.

Each event usually takes place over two days, and incorporates an awards presentation ceremony and gala dinner presided by high-level guests-of-honour, business leaders' summit and a CEOs' golf challenge.

"Malaysia's economy is one of the most vibrant in Southeast Asia... Hosting the next ABLA in Malaysia represents an extension of CNBC Asia's commitment to the business community residing there," Brown is quoted in the release as saying.

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