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From the left: Dr Nungsari, Dr Zeti Aziz, Professor Joseph E. Stiglitz and Tan Sri Azman Mokhtar
P&G Center for Sustainable Small-owners Launches Two Insightful Publications on Research and Oil Palm Smallholder Sustainability and Inclusion

2 November 2025, Kuala Lumpur, MalaysiaThe P&G Center for Sustainable Small-owners (CSS) at the Asia School of Business (ASB) has launched two new books under its Road to Certified Sustainable Palm Oil (CSPO) series, marking another milestone in evidence-based research and inclusive sustainability for Malaysia’s independent palm oil smallholders.

The books were unveiled during the Smallholder Dinner and Certificate Awards Ceremony, hosted by the Roundtable on Sustainable Palm Oil (RSPO) in conjunction with the RSPO Annual Roundtable 2025 (RT25).

The two titles — The Road to Certified Sustainable Palm Oil: A Guide to Understanding and Managing Peat Farms for Smallholders and The Road to Certified Sustainable Palm Oil: Learning from the Farms – Research for Impact — reflect CSS’s dual commitment to science-based knowledge and practical empowerment for smallholders through the P&G Smallholder Program.

Established in 2019 with support from Procter & Gamble (P&G) and hosted by ASB, CSS bridges research and practice to empower over 900 independent smallholders in Batu Pahat and Pontian, Johor, with sustainable, inclusive, and data-driven farming solutions, bringing them to achieve RSPO Smallholder certification and receive Premium for their oil palm produce. Rooted in field research and farmer collaboration, CSS represents an impactful effort to ensure that no farmer is left behind in the transition to certified sustainable palm oil.

“Sustainability in palm oil cannot be achieved by exclusion. It must include every farmer, different soil types, and every local reality,” said Professor Joe Cherian, CEO, President, Dean, and Distinguished Professor at ASB. “These books show how science, fieldwork, and partnership can transform challenges into pathways for inclusion, productivity, and environmental responsibility.”

P&G Chemical’s Sustainability Director, Francis Wiederkehr, echoed this commitment:

“In today’s global supply chains, including smallholder farmers is not just a philanthropic add-on — it is fundamental to our ESG strategy. When we support independent growers with knowledge, access, and systemic inclusion, we strengthen supply chain resilience, elevate livelihoods, and advance our ambition to source responsibly. Sustainable sourcing only becomes truly sustainable when every farmer, big or small, is a partner in the journey.”

Dr. Asad Ata, Director of CSS and Professor of Practice in Operations and Supply Chain Management at ASB, added:

“This publication shines a light on tropical peatlands, that are not to be further developed given their importance as carbon sinks and are often seen as difficult for cultivation. With Malaysia and Indonesia home to over 23 million hectares of peatland, 10% of which is cultivated with oil palm, it is important to reframe them as opportunities for responsible and inclusive sustainability to avoid exclusion of the smallholders and further deterioration of the soil. This guide provides a timely, science-based reference for smallholders with existing peatland plantations on how to balance productivity with preservation.”

Independent smallholders continue to face barriers such as limited access to knowledge, financing, and markets, as well as the complexities of managing peat soils and meeting certification requirements. The two books highlight practical, inclusive, and research-driven solutions to overcome these challenges and strengthen smallholder participation in sustainable supply chains.

Book 1: Understanding and Managing Peat Farms for Smallholders

This publication shines a light on tropical peatlands, often seen as difficult for cultivation, by reframing them as opportunities for responsible and inclusive sustainability. With Malaysia and Indonesia home to over 23 million hectares of peatland, 10% of which is cultivated with oil palm, the guide provides a timely, science-based reference on how to balance productivity with preservation.

Four Key Highlights:

  • Bridging Science and Practice – Translates global research on peat and climate into locally relevant, farmer-friendly insights.
  • Inclusivity in Sustainability – Promotes responsible management for legacy peat farms, ensuring no farmer is left behind, and they continue to benefit from the land, while preserving it for the future.
  • Evidence-Based Interventions – Field data show farms applying good agricultural practices (GAP) achieved up to 35% yield improvement within three to four years.
  • Shared Responsibility Framework – Connects peat management to Malaysia’s NDPE commitments and the UN SDGs, reinforcing smallholder roles in climate action.

Book 2: Learning from the Farms – Research for Impact

A compilation of applied studies, this volume showcases how real-world data from the program’s smallholder farms in Johor inform CSS’s program design, impact assessment, and policy engagement. It includes 11 studies across four themes; supply chain and traceability, RSPO smallholder certification, training and GAP awareness, and environment and agronomy.

Four Key Highlights:

  • Field-Based Evidence – Data from learning and control farms guide targeted, measurable interventions.
  • Digital Traceability Models – A Johor pilot demonstrates how digital tools modernize collection centers and enhance transparency.
  • Practical Impact – Shows how awareness and capability building foster sustainable practices and stronger livelihoods.
  • Scalable Solutions – Offers replicable models for policymakers, donors, and industry to expand responsible sourcing and inclusion.

Advancing Evidence-Based Sustainability through Collaboration

Both publications reinforce CSS’s role as a research and implementation hub at ASB. By combining academic rigor with practical fieldwork, CSS supports Malaysia’s broader sustainability and climate goals—advancing ethical sourcing, carbon stewardship, and smallholder prosperity.

CSS has collaborations with many industry stakeholders, including the plantation groups, district farmer associations and cooperations, such as Pertubuhan Peladang Kawasan, fertilizer chains and research and academic institutions such as UiTM, and Kellogg Northwestern, USA.

As the journey toward CSPO continues, CSS calls on academia, corporations, NGOs, and policymakers to collaborate in scaling inclusive, data-driven solutions that empower smallholders as equal partners in a sustainable future.

The CSS Road to CSPO series can accessed at https://csslibrary.publuu.com

Issued by: Asia School of Business

 

Contact:
Dr. Asad Ata
Centre for Sustainable Small-owners (CSS)
Asia School of Business
11, Jalan Dato Onn,
50480 Kuala Lumpur, MALAYSIA
Tel: +603 2023 3000
Email: hello.css@asb.edu.my

 

ABOUT THE P&G CENTER FOR SUSTAINABLE SMALL-OWNERS (CSS)
The P&G Center for Sustainable Small-owners (CSS) was launched in 2019, by funding from Procter & Gamble (P&G), to deliver on its Ambition 2030 goals through the P&G smallholders initiative. Housed at Asia School of Business (ASB), CSS is committed to empowering and improving smallholders’ livelihoods through traceability, compliance and capacity building through training and implementation of sustainable and best in class agricultural practices in accordance with global standards.

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands. The P&G community includes operations in approximately 70 countries worldwide. Please visit https://www.pg.com for the latest news and information about P&G. For further information on P&G’s Responsible Palm Sourcing Program please contact: Dr Siân Morris (morris.s.1@pg.com).

ASB was established in 2015 in collaboration with MIT Sloan School of Management. ASB’s mission is to become a premier school of management in Asia and be recognized for its ability to develop transformative and principled leaders who will contribute to a better future and advance the emerging world. For more information, see https://asb.edu.my/research-office/center-sustainable-small-owners/.

From the left: Dr Nungsari, Dr Zeti Aziz, Professor Joseph E. Stiglitz and Tan Sri Azman Mokhtar

On 19 November, our CEO, President and Dean, Dr. Joseph Cherian, spoke at Elevate: Asia Pacific in Hong Kong, where he delivered his session, From Economics to Ecosystems, as part of the panel “Building Entrepreneurial and Innovation Ecosystems.” In this session, he discussed how business schools can serve as incubators of innovation—partnering with startups, corporations, and policymakers to nurture entrepreneurial mindsets and drive inclusive growth. His presentation slides are now available for viewing below

In mid-August, SwedCham Malaysia together with the Swedish Embassy had the honor of welcoming Mr. Stefan Ingves to the Swedish Residence for an engaging talk with members of the Swedish business community. Mr. Ingves is best known for his long tenure as Governor of Sveriges Riksbank, Swedish Central Bank (2006–2022), where he was instrumental in shaping Sweden’s monetary policy and strengthening financial stability, as well as his leadership roles with the Bank for International Settlements (BIS) and the Basel Committee on Banking Supervision. Now serving on the Board of Asia School of Business (ASB) in Kuala Lumpur, Mr. Ingves shared valuable insights into the current economic situation in Sweden as well as globally, including trends in monetary policy, inflation, and financial market dynamics. His visit offered the business community a rare opportunity to hear from one of Sweden’s most influential financial leaders. Prior to Mr Ingves lecture, Professor Hans Genberg gave a brief introduction to Asia School of Business and what type of programs they offer. (Reach out to us at the Secretariat if you are interested to collaborate with ASB; IKEA had a fruitful collaboration with their senior business students two years back!)

Originally published by Swedcham Malaysia Newsletter

From the left: Dr Nungsari, Dr Zeti Aziz, Professor Joseph E. Stiglitz and Tan Sri Azman Mokhtar

Good afternoon, distinguished guests, colleagues, and friends.

It is both a privilege and an honor to stand before you today as we mark the Preliminary Launch of the Tun Ismail Ali Center of Excellence in Monetary and Financial Economics at the Asia School of Business. This momentous occasion is the result of significant collaboration, vision, and dedication, and I am deeply grateful to all of you for joining us as we take this critical step forward.

First, allow me to extend my heartfelt gratitude to Tan Sri Zeti Aziz, the Founding Chair of ASB and former Governor of Bank Negara Malaysia, for delivering the first keynote address. Your invaluable insights set the tone for today’s event, and we are privileged to have you with us. Similarly, I would like to express my appreciation to Dato’ Seri Abdul Rasheed Ghaffour – who we affectionately refer to as Governor Rasheed – for sharing your distinguished perspectives in the second keynote. Your leadership at Bank Negara has been instrumental in guiding Malaysia’s monetary policy and financial system. Finally, we are honored by the presence of Professor Hélène Rey, the Lord Bagri Professor of Economics at London Business School, whose academic expertise and thought leadership in global financial systems provide a crucial context for our discussions today.

I would be remiss not to extend special thanks to Bank Negara Malaysia for its visionary support in the creation of the Tun Ismail Ali Center. Your commitment to excellence and innovation in monetary and financial economics has been integral in realizing this endeavor. In particular, I would like to acknowledge Deputy Dean Melati Nungsari and the dedicated staff at ASB who have worked tirelessly alongside our partners at Bank Negara. While I cannot claim credit for the Center’s formation, I have had the privilege of witnessing the relentless efforts that have brought us here today − efforts that will undoubtedly continue to shape the future of this initiative.

As we embark on this exciting journey, I would like to reiterate our commitment to making the Tun Ismail Ali Center a premier research hub in the fields of monetary policy, central banking, and financial economics. Our primary focus will be to address the unique challenges and opportunities facing emerging markets, where the need for innovative and contextually relevant solutions has never been more pressing.

In this regard, our work will be both academically rigorous and deeply connected to the realities of policy and practice. Too often, academic research becomes abstract, esoteric, and disconnected from the real-world challenges it seeks to address. Worse still, it becomes inaccessible to those who need it the most. Our vision for the Tun Ismail Ali Center is to bridge this gap by fostering research that is not only theoretically robust but also practically relevant to policymakers, practitioners, and communities across the globe.

Central to our mission is collaboration—with Bank Negara Malaysia, other key stakeholders in the financial sector, as well as Malaysian universities and research institutions. By forging these partnerships, we aim to catalyze impactful research that will drive policy innovation, financial stability, and economic development.

Our overarching vision is to build capacity for the future—to nurture the next generation of scholars, policymakers, and industry leaders in critical areas of monetary and financial economics. We are committed to ensuring that the Tun Ismail Ali Center will not only be a center of academic excellence but also a beacon of thought leadership that remains relevant and responsive to the evolving challenges of the global economy.

As we look forward to the work ahead, let us remember that our success will be measured not just by the quality of our research but by its ability to shape the future of monetary and financial systems in ways that are impactful, inclusive, and sustainable.

Thank you once again for being here to share in this milestone with us. Together, we will contribute to a legacy of innovation and excellence in monetary and financial economics.

Abstract: Asia School of Business (ASB) conducted recently the China leg of its global leadership program (GLP), under which representatives from Malaysian governmental and financial institutions toured forerunner cities and companies in south China.

BEIJING, Sept. 5 (Xinhua) — Asia School of Business (ASB) conducted recently the China leg of its global leadership program (GLP), under which representatives from Malaysian governmental and financial institutions toured forerunner cities and companies in south China.

The program, led by Gillian Ng, executive director of ASB-Iclif Executive Education Center, set a four-day long in-depth learning journey for its China leg from August 25 to 28.

In Shenzhen, Malaysian representatives visited Tencent’s headquarters to explore the latter’s latest breakthroughs in sectors such as the Internet of Things (IoT), big data, 5G, and AI.

Tencent’s management team expounded how its digital innovation has enabled the agricultural economy, distance education, and telemedicine services to them, who gained a deeper understanding about how technology is driving social and industrial transformation and shaping the future business landscape.

Later, they visited BYD, where they sighted BYD’s cutting-edge “Blade Battery” technology and watched a spectacular dance show by BYD’s smart electric vehicles, marveling at the Shenzhen-based Chinese auto maker’s determination and innovative endeavors in overcoming challenges on its path to become a global leader in electrical vehicle (EV) industry.

When visiting UBTech, another Shenzhen-based firm adept at industrial application of humanoid robots, Malaysian representatives interacted with multiple robots and experienced their application in manufacturing, hazardous operations, and public services.

Focusing on solving labor shortages and workplace safety issues, UBTech has innovated around real-world challenges and provided a new perspective on how robotics and automation drive the sustainable development of industries, according to the company’s R&D team.

Meanwhile, a visit to Qianhai Taikang International Hospital in Shenzhen was also arranged under GLP. Malaysian representatives learned about the hospital’s smart healthcare solutions and digital patient management system, which improved operational efficiency, optimized patient experience and allocated medical resources more effectively.

In Guilin, they paid a visit to Esquel Group, a world-leading textile manufacturer. After communicating with Esquel’s senior management, they better understood how Esquel, amid numerous international challenges, adhered to its sustainable development transformation strategy to promote technological upgrading and process innovation.

In Esquel’s garden-like production park, they witnessed the company’s continuous efforts in green manufacturing and reducing environmental impact via empowering industry technological innovation and leading breakthroughs in waterless dyeing technology.

In addition, these Malaysian representatives attended a special lecture by economist Rong Sen entitled “China’s Economic Pattern and Development of Green Finance”, gaining a deeper knowledge on China’s latest trends and practical achievements in economic transformation, industrial upgrading, and green finance.

During the four-day journey, business executives of the Malaysian representatives group also discussed with Chinese entrepreneurs and experts on topics such as industrial trends, innovative development, business models, and sustainable strategies.

Apart from business and technology learning, the GLP also included a cultural experience session. Malaysian business executives tried traditional Chinese tie-dye craftsmanship firsthand and took a boat tour on the Li River to appreciate the unique charm of Chinese culture and the beauty of nature.

From learning about Tencent’s digital innovation, BYD’s resilient breakthroughs, UBTech’s value-driven robotics, Taikang’s smart healthcare, to Esquel’s sustainable transformation, the program provided participants with cutting-edge insights at the intersection of business, technology, and sustainable development.

Originally published by Xinhua Silk Road Information Service.

8月25日至28日,亚洲商学院(Asia School of Business, ASB)成功举办全球领导力项目(Global Leadership Program,GLP)中国站行程。本项目由ASB-Iclif高管教育中心执行董事黄素玲(Gillian Ng)精心策划并亲自带领,携手多位业界资深领袖,为来自马来西亚政府机构和主要金融机构的高级管理人员打造了一段为期四天的中国深度学习之旅。

在深圳,马来西亚代表团首先走进腾讯总部,考察腾讯在物联网、大数据、5G和AI等领域的最新突破。腾讯管理团队介绍了如何通过数字创新赋能农业经济、开展远程教育、提供远程医疗服务。代表团高管们亲身感受到技术正在推动社会与产业的深度变革,并对数字化在塑造未来商业格局中的作用有了更深刻的理解。

随后,代表团走访比亚迪(BYD),深入学习比亚迪前沿的“刀片电池”技术,并观摩了比亚迪智能电动汽车的精彩舞蹈秀。不仅如此,代表团高管们在参访和交流过程中深刻了解到比亚迪如何凭借长期战略与持续创新,在面对各种挑战的过程中实现突围,最终成为全球新能源车产业的领导者,其企业发展历程令人振奋与启发. 

在优必选(UBTech),作为人形机器人工业应用的领先企业,代表团成员与多款机器人互动,体验其在制造业、危险作业和公共服务等领域的应用。优必选研发团队介绍了其如何围绕现实挑战展开创新,专注于解决劳动力短缺与工作安全问题,提供了关于机器人与自动化如何推动产业可持续发展的全新视角。

与此同时,项目还安排了参访前海泰康国际医院,代表团先后探索了医院的智慧医疗解决方案与数字化患者管理系统,深入了解数字化如何提升运营效率、优化患者体验并更高效配置医疗资源,从而激发了对医疗创新的新思考。

在桂林,代表团走进溢达集团(Esquel Group),这是一家全球领先的纺织制造企业。通过与溢达高管的交流,深入了解溢达如何在面对重重国际挑战的背景下,坚持可持续发展转型战略,推动技术升级和工艺革新,并亲眼目睹了溢达在其园林般的生产园区中,为绿色制造所作出的持续努力,以及如何通过赋能行业科技创新、引领无水染色技术的突破以减少环境负担,并将以员工为本作为核心经营理念。

此外,代表团还参加了经济学家容森的专题讲座《中国经济格局与绿色金融发展》,深入了解中国在经济转型、产业升级和绿色金融领域的最新趋势和实践成果。

在整个项目过程中,马来西亚代表团高管们与中国企业家、专家学者围绕产业趋势、创新发展、商业模式和可持续战略展开了深度交流。这些跨界对话让其对中国的创新生态体系有了更全面的认知,同时也为未来的跨境合作奠定了坚实基础。

除商业与技术学习外,项目还特别安排了文化体验环节。代表团的高管们亲手体验了中国传统的扎染工艺,并乘船畅游漓江,近距离感受中国文化的独特魅力与自然之美,对中国文化底蕴有了更深刻的感受。

从腾讯的数字创新、比亚迪的坚韧突破、优必选的价值驱动型机器人、泰康的智慧医疗,到溢达的可持续转型等学习,本次项目为参与者呈现了商业、技术与可持续发展交汇的前沿洞察。这段为期四天的中国学习之旅,为马来西亚代表团开拓国际视野带来灵感,为其在应对不确定性、拥抱创新、推动可持续增长方面提供了新的思路与实践参考。

编辑:焦若涵

Originally published by China Economic Information Service

8月25日至28日,亚洲商学院(Asia School of Business, ASB)成功举办全球领导力项目(Global Leadership Program,GLP)中国站行程。本项目由ASB-Iclif高管教育中心执行董事黄素玲(Gillian Ng)精心策划并亲自带领,携手多位业界资深领袖,为来自马来西亚政府机构和主要金融机构的高级管理人员打造了一段为期四天的中国深度学习之旅。

在深圳,马来西亚代表团首先走进腾讯总部,考察腾讯在物联网、大数据、5G和AI等领域的最新突破。腾讯管理团队介绍了如何通过数字创新赋能农业经济、开展远程教育、提供远程医疗服务。代表团高管们亲身感受到技术正在推动社会与产业的深度变革,并对数字化在塑造未来商业格局中的作用有了更深刻的理解。

随后,代表团走访比亚迪(BYD),深入学习比亚迪前沿的“刀片电池”技术,并观摩了比亚迪智能电动汽车的精彩舞蹈秀。不仅如此,代表团高管们在参访和交流过程中深刻了解到比亚迪如何凭借长期战略与持续创新,在面对各种挑战的过程中实现突围,最终成为全球新能源车产业的领导者,其企业发展历程令人振奋与启发。

在优必选(UBTech),作为人形机器人工业应用的领先企业,代表团成员与多款机器人互动,体验其在制造业、危险作业和公共服务等领域的应用。优必选研发团队介绍了其如何围绕现实挑战展开创新,专注于解决劳动力短缺与工作安全问题,提供了关于机器人与自动化如何推动产业可持续发展的全新视角。

与此同时,项目还安排了参访前海泰康国际医院,代表团先后探索了医院的智慧医疗解决方案与数字化患者管理系统,深入了解数字化如何提升运营效率、优化患者体验并更高效配置医疗资源,从而激发了对医疗创新的新思考。

在桂林,代表团走进溢达集团(Esquel Group),这是一家全球领先的纺织制造企业。通过与溢达高管的交流,深入了解溢达如何在面对重重国际挑战的背景下,坚持可持续发展转型战略,推动技术升级和工艺革新,并亲眼目睹了溢达在其园林般的生产园区中,为绿色制造所作出的持续努力,以及如何通过赋能行业科技创新、引领无水染色技术的突破以减少环境负担,并将以员工为本作为核心经营理念。

此外,代表团还参加了经济学家容森的专题讲座《中国经济格局与绿色金融发展》,深入了解中国在经济转型、产业升级和绿色金融领域的最新趋势和实践成果。

在整个项目过程中,马来西亚代表团高管们与中国企业家、专家学者围绕产业趋势、创新发展、商业模式和可持续战略展开了深度交流。这些跨界对话让其对中国的创新生态体系有了更全面的认知,同时也为未来的跨境合作奠定了坚实基础。

除商业与技术学习外,项目还特别安排了文化体验环节。代表团的高管们亲手体验了中国传统的扎染工艺,并乘船畅游漓江,近距离感受中国文化的独特魅力与自然之美,对中国文化底蕴有了更深刻的感受。

从腾讯的数字创新、比亚迪的坚韧突破、优必选的价值驱动型机器人、泰康的智慧医疗,到溢达的可持续转型等学习,本次项目为参与者呈现了商业、技术与可持续发展交汇的前沿洞察。这段为期四天的中国学习之旅,为马来西亚代表团开拓国际视野带来灵感,为其在应对不确定性、拥抱创新、推动可持续增长方面提供了新的思路与实践参考。

编辑:焦若涵

Originally published by Xinhua Finance Shao Qun.

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Tan Sri Dr Zeti Aziz, Founding Chair and Co-Chair of the Board of Governors

Eminent Visiting Professor Sanjay Sarma
Distinguished Professor Joseph Cherian

Members of the Board of Governors, Board of Directors, Advisory Board of the Master in Central Banking Program, representatives of MIT Sloan School of Management, Distinguished faculty members, staff, students, alumni, friends and guests of the Asia School of Business, I am delighted to join everyone here today in celebration of a decade of the Asia School of Business. The School has in the past 10 years, progressively grown to provide a range of unique and cutting-edge education in central banking, leadership, management, innovation and entrepreneurship, with teaching and immersive curricula that successive learners, whether graduating with ASB’s degrees or from the executive education programs, have found deep value in their experience.

As we reflect on the past decade, allow me to take you further back – 25 years ago – when Bank Negara Malaysia introduced the first of its 10-year Financial Sector Masterplan to guide the development of the financial sector to support Malaysia’s economic transformation. At that time, the Bank had envisioned and let me quote from the first Masterplan, “that while it may not be possible to project accurately how Malaysia’s financial sector will be structured in 10-years’ time, taking into account the forces at work and how the challenges facing the industry are being met, the future financial landscape can be expected to be characterised by a more diversified financial sector meeting the requirements of a more diversified economic structure.”

Even then, it was recognised that success in a rapidly evolving and competitive environment would require financial institutions to successfully leverage on advancements in technology, reengineer processes and critically, invest in human capital. Specifically, the Masterplan emphasised the importance of “employing and retaining highly skilled workers and the reskilling of existing workforce and promoting a culture of continuous learning” and acknowledging that people would be the defining factor of institutional success.

This remains true today. Indeed, in a world shaped by relentless innovation, complex interdependencies and accelerating advances in artificial intelligence and automation, people continue to be the cornerstone of resilience and adaptability.

The experience of Malaysia and many Asian economies, has shown that amidst profound changes and uncertainty, it is people – equipped with the right skills, mindsets and values – who drive transformation. Thus, education and capacity building remain as vital as ever in ensuring sustainable progress.

The vision to establish a world-class business school in the heart of Kuala Lumpur – one that combines academic excellence with real-world relevance and nurture leaders who are capable of navigating complexity and unrelenting change – was made possible through the leadership and strategic foresight of Tan Sri Dr Zeti. From the outset, this endeavour was never limited to meeting the talent needs of Malaysia alone. This is in recognition that a more interconnected world demands leaders who could thrive beyond national borders and collaborate across cultures.

I was deeply privileged to have been involved in this undertaking from the very beginning – including the early engagements with MIT Sloan School of Management. I recall the first visit I made in February 2012 to discuss the idea of establishing the Asia School of Business with the late Dean Schmittlein and Deputy Dean S.P. Kothari. I would not recommend visiting freezing cold Boston in February!

MIT Sloan also shared the vision of Asia’s rising role in the global economy and the benefits of understanding Asia in all its diversity, intricacies and huge potential. Subsequent discussions from 2012 led to the signing of the Collaboration Agreement between Tan Sri Dr Zeti and MIT President Rafael Reif on 2 January 2015 in Cambridge, Massachusetts. Following the School’s establishment in collaboration with MIT Sloan in 2015, the first intake of MBA students began in August 2016. The rest as people say, is history.

Underpinning this unique collaboration were many committed individuals from MIT, Bank Negara Malaysia and the Asia School of Business who together truly believed in the transformative power of continuous education and lifelong learning. From the earliest days, all have been instrumental in shaping the concept, building this School, and going forth to grow from a fledgling institution into a dynamic hub for learning, research, and innovation. The School’s programs, from the MBA, EMBA and the Master in Central Banking and with the integration of ICLIF’s executive education and more recently, ACE micro-credentials have all expanded the School’s scale and reach. All these are deepening the School’s impact, where it is primed to make an even bigger mark and contribution to talent development in Malaysia and beyond.

The School has and I trust will continue to nurture principled, pragmatic leaders with the know-how and confidence to drive change whether at a micro level in corporate business and start-up entrepreneurs, or at the macro level, as policy makers. More than a business school, the School is a catalyst for change, for individuals, organisations, and nation building, as well as to tackle some of the more pressing planetary concerns.

On behalf of Bank Negara Malaysia, I wish to express our warmest congratulations to the Asia School of Business for its 10th year establishment and gratitude to all who have played a role in bringing the School to where it is today, be it the governing or advisory boards that have guided the School, as well as the faculty, staff, students, corporate learners and alumni. And most of all, Tan Sri Dr Zeti for her vision, tenacity, clarity and drive in ideating and guiding us to where we are today.

As we mark this anniversary, the next chapter of the Asia School of Business will require the same spirit of boldness, innovation, and collaboration that sparked its founding. I have every confidence that this remarkable institution, driven by its committed leaders, academic and administrative teams, and vibrant learning community, will continue to lead with purpose and impact.

Thank you.

“From a city in Indonesia to the world—bridging cultures, embracing challenges, and finding joy along the way.”

Hometown:
Kuala Lumpur, Malaysia

Fun fact about yourself:
I got my MBA scholarship through a story of redemption—and a gado-gado (Indonesian salad) analogy to describe my journey. I love tackling challenges with fresh perspectives and finding creative solutions. People often approach me for tricky, unexpected problems, and I enjoy making sense of the chaos. Behind my smile is perseverance, discipline, grit, and sharp analytical thinking that keeps me pushing forward.

Undergraduate School and Degree:
Taylor’s University, Bachelor of International Hospitality Management

Where was the last place you worked before enrolling in business school?
Teleport AirAsia, Head of Commercial

Where will you be working after graduation?
I hope to keep solving complex challenges in unique ways. Ideally, I’d stay in logistics, supply chain, or FMCG because I love seeing how the world moves and how it impacts people’s lives every day. I thrive in roles that are both strategic and action-packed, and I hope to continue being in the heart of the action—where decisions shape real-world outcomes.

Community Work and Leadership Roles in Business School:
I earned an MBA scholarship and currently serve as the President of the Women’s Club. In the past, I was the Multiple Dean’s List Recipient, President of the Indonesian Student Society and the Executive Director of the International Student Council. Leadership has always been a big part of my journey, and I thrive in bringing people together, driving meaningful initiatives, and creating spaces for diverse voices to be heard.

Which academic or extracurricular achievement are you most proud of during business school?
L’evive Labs – Head of Operations & Founding Team Member (Longevity Startup), Kuala Lumpur

Growing up in a family with a history of diabetes and heart disease, health and wellness have always been personal to me. I’ve seen firsthand how lifestyle and preventive care can change lives, and I want to be part of that generational shift. That’s why building L’evive Labs, Southeast Asia first online longevity clinic— blending health, innovation and technology— while pursuing my MBA has been so meaningful. Working closely with the founder, we bootstrapped our way to $10K in revenue without any marketing—just a belief in what we were building and the drive to make it work. My knowledge of the region and trade regulations in Southeast Asia helped lay the foundation for the company’s future. Being named a finalist at the INNOCOS Wellness & Longevity Awards was a proud moment, not just as validation of our work, but as a step toward making proactive health accessible to more people.

What achievement are you most proud of in your professional career?
One of the moments I’m most proud of is turning around Pandago at Foodpanda, taking it from a struggling product to the top performer in APAC. It wasn’t an easy ride—there was a lot of resistance, and not everyone believed in it. But I focused on the execution, got the right people on board, and proved that with the right approach, something seen as a failure could actually thrive.

Another defining experience was at Teleport AirAsia, where I had to make the tough call to recommend shutting down an unviable product. It wasn’t a decision people wanted to hear, but it was the right one for the business. That experience taught me that leadership isn’t just about building things—it’s also about knowing when to step back and make the hard choices.

But beyond these achievements, what I’m really proud of is how far I’ve come—starting from a completely different background and finding my way through industries I never imagined myself in. I’ve had to learn, adapt, and prove myself over and over again. Through all of it, I’ve realized that what truly drives me isn’t just solving problems but finding new perspectives and challenging what’s possible.

Why did you choose this business school?
In my search for the best business school in Southeast Asia, Asia School of Business stood out with its action-centric approach—something that sets it apart from the rest. While many schools focus on case studies, ASB pushes you to learn by doing, which resonates deeply with how I approach challenges.

Its close connection to MIT Sloan brings the same mens et manus (mind and hand) philosophy to this region, bridging world-class academic rigor with real-world application. More importantly, ASB values diversity—not just in background but in perspective. As someone with an unconventional career path, I felt seen, appreciated, and challenged in all the right ways. From the start, it felt like the right synergy, and it continues to be a place where I grow, push boundaries, and redefine what’s possible.

Who was your favorite MBA professor?
Learning from Professor Michael Frese has been one of the most eye-opening experiences at ASB. His approach to leadership and organizations—rooted in behavioral science—has made me rethink how businesses actually work. I’ve always been fascinated by how people shape organizations, and his insights reinforce the idea that a company’s strength comes from the minds of its people, not just its strategies.

Beyond the engaging classes and exercises, he’s someone I genuinely respect and look up to. He brings deep industry experience but also a down-to-earth way of teaching that makes complex ideas feel practical and real. His lessons have challenged me to not just think about execution, but to understand what truly drives people, teams, and long-term impact.

What was your favorite course as an MBA?
Beyond Organizational Behavior with Prof. Michael Frese, I found myself really drawn to Marketing Management with Prof. Juanjuan Zhang, a visiting professor from MIT. Her course combined marketing analytics with human psychology in a way that just made sense—it felt less like theory and more like understanding how people actually think and make decisions.

One of the things that stuck with me was how consumer behavior is shaped by social influence and observational learning—how we subconsciously take cues from others when making choices. It made me look at everyday decisions differently, from the way products go viral to why certain brands build such loyal followings.

What I loved most was that it wasn’t just theory; it was hands-on and discussion-driven, with immediate real-world applications. We didn’t just talk about market segmentation and targeting; we worked through challenges that made us think critically about how businesses actually apply these concepts.

Prof. Zhang’s teaching style was both engaging and thought-provoking—she made complex ideas feel intuitive. More than anything, her class deepened my curiosity about how marketing, data, and psychology all intersect, and it’s something I know I’ll keep exploring long after my MBA.

What was your favorite MBA event or tradition at your business school?
I’ve really enjoyed the weekly Career Development Office (CDO) core sessions every Friday. They’re not just about career advice—they’ve been a space to explore personal growth, career challenges, and the kind of real-world lessons that we don’t always get in formal education.

What makes them stand out is how interactive and honest they are. We don’t just sit through lectures; we role-play real situations, have open discussions, and challenge how we think about our careers. There’s a mix of curiosity and vulnerability in the room that makes it feel real—like we’re figuring things out together rather than just following a playbook.

I also didn’t expect to appreciate the career coaching support as much as I do. Having that space to talk things through, reflect, and get guidance has been incredibly helpful. It’s been one of those small but meaningful parts of my MBA experience that I know will stick with me long after I graduate.

Looking back over your MBA experience, what is the one thing you’d do differently and why?
Honestly, I wouldn’t change a thing. I believe that everything happens at the right place and the right time. The challenges, the unexpected turns, and even the moments of doubt have all been part of the learning process. If anything, this journey has taught me to trust the process, embrace uncertainty, and make the most of every opportunity as it comes.

What is the biggest myth about your school?
A lot of people think ASB is too expensive and not much different from other local MBAs—but that’s far from the truth.

What makes ASB stand out isn’t just the academics, but how much learning happens through action. The projects, industry exposure, and hands-on challenges push us to apply what we learn in ways I didn’t expect. It’s not just theory—it’s figuring things out in real-world settings, which has been the most valuable part of the experience.

What also surprised me was how personalized the support is. The faculty and staff are incredibly attentive, genuinely invested in our growth, and always willing to help. I never expected that level of care from a business school, but it’s made a huge difference in my journey here.

What did you love most about your business school’s town?
I’ve lived in Kuala Lumpur for the past 10 years. In that time, I’ve experienced the vibrancy of this emerging nation firsthand. It’s a city that blends cultures, industries, and opportunities in a way that’s hard to find elsewhere.

What makes KL special is that it’s not just a hub for Malaysia—it’s a gateway to the APAC region, offering access to diverse markets and people from all over the world. At the same time, the city isn’t overwhelmingly large, which makes professional networking feel more personal and engaging. It’s easy to connect with like-minded people, build meaningful relationships, and find opportunities to grow.

What is one way that your business school has integrated AI into your programming?
What insights did you gain from using AI? At ASB, AI isn’t something to be avoided—it’s something to be understood and challenged. Our Dean, Prof. Sanjay Sharma, is a big advocate for AI. Instead of banning its use in assignments, we’re encouraged to critique it, question its outputs, and think deeper about its role in decision-making. I appreciate this approach because, in reality, AI isn’t going anywhere—so learning how to use it wisely is more important than ignoring it.

The school has also introduced an AI for Business Leaders program, opening discussions beyond the classroom to corporate participants. And when we go to MIT for our global programs, nearly all of our coursework will focus on AI, which really shows how much the school believes in preparing us for what’s ahead.

For me, the biggest takeaway has been that AI doesn’t replace critical thinking—it forces us to think even more critically. Log OutIt’s easy to take AI’s answers at face value, but the real challenge is knowing when to trust it, when to question it, and how to use it to make better decisions.

Which MBA classmate do you most admire?
Parvinjeet Kaur—she’s a mom, a business owner, and one of the most genuine, down-to-earth people I’ve met. What I love about her is how passionate and real she is. When she speaks about something she cares about, you can feel it—it’s not just words, it’s who she is. She somehow juggles everything—family, business, and school—without ever losing her warmth. She’s proof that you can do it all in your own way, and I really look up to her, not just as a classmate, but as a person.

What are the top two items on your professional bucket list?
First, coming from a hospitality background first and foremost, I want to create a space where people can truly experience my culture—not in a flashy or commercial way, but through simple, everyday moments. I’ve always loved the kind of hospitality that makes people feel at home, where good food and nature bring people together. I dream of building a small retreat centered around farm-to-table living, a place where people can slow down, enjoy fresh food, and reconnect with themselves and the world around them. To me, culture isn’t something to put on display—it’s something you feel, taste, and live. More than anything, I just want to create a place that feels honest, where tradition, wellness, and sustainability naturally come together.

Second, I hope to lead a company one day—not just in title but in the way that truly matters. I want to be in a role where I can shape things, make decisions that matter, and create an environment where people feel excited to work and grow. It’s not about chasing a position; it’s about building something that lasts and actually makes a difference.

What made Risa such an invaluable addition to the Class of 2025?
“Risa Ichwandiani is the kind of leader who not only excels in her own endeavors, but also brings out the best in those around her. In the face of one of the most stressful moments in our MBA program—the first class exam—Risa remained a calming force, reassuring her classmates that they would make it through together. Her ability to remain composed under pressure and instil a sense of calmness in others reflects the strength of her leadership. Beyond this, Risa has consistently demonstrated her organizational and leadership skills, especially in launching the first Women’s Association Club event, which saw an impressive turnout thanks to her dedication and ability to balance multiple responsibilities, including her studies and family.

Her cheerfulness and positivity are infectious, making her a source of light in any room she enters. Whether in the classroom or in personal interactions, Risa’s genuine appreciation for others—especially for the staff at ASB—is well-known. She consistently expresses her gratitude, making her an influential and respected member of the community.”

Jim Lee
Assistant Director, Student Services at ASB

Originally published by Poets & Quants.