In May 1999, 37 business leaders met in Hong Kong for the inaugural meeting of the Asia Business Initiative. This group realized that the private sector needed to be more effectively engaged in the changes brought about by globalization. After three years of annual meetings, the Asia Business Council was incorporated as a non-profit organization in 2002.

Site of the Month for June 2011 relates to Asian Business and Investment. Asian Business Directory provides information about asian business, economics, import and export, computers and internet, government and trade, investment, manufacturing, industrial goods and services in asia.