Tan Sri Datuk Asmat has vast experience in various capacities in the public service, his last position being the Secretary General of the Ministry of International Trade and Industry (MITI), a position held from 1992 to 2001. He has served as the Senior Economic Counselor for Malaysia in Brussels and has worked with several international bodies such as the Association of South East Asian Nations (ASEAN), World Trade Organisation (WTO) and Asia-Pacific Economic Cooperation (APEC), representing Malaysia in relevant negotiation and agreements.

Tan Sri Datuk Asmat had also been actively involved in several national organisations such as Permodalan Nasional Berhad, Johor Corporation, Small and Medium Scale Industries Development Corporation (SMIDEC) and Malaysia External Trade Development Corporation (MATRADE) while in the Malaysian Government service. In 2008, Tan Sri Datuk Asmat was appointed by MITI to represent Malaysia as Governor on the Governing Board of the Economic Research Institute for Asean and East Asia, a position he held for 6 years. He also serves on the board of the Japan Chamber of Trade and Industry in Malaysia Foundation. On 11 November 2014, Tan Sri Datuk Asmat was conferred with the prestigious Order of the Rising Sun, Gold and Silver Star award by the Government of Japan, in recognition of his contributions in the strengthening of economic relations and the promotion of mutual understanding between Japan and Malaysia.

He was the Non-Executive Vice Chairman of YTL Cement Berhad from 19 March 2001 to 18 June 2019. He serves as the Non-Executive Chairman of Panasonic Manufacturing Malaysia Berhad and Compugates Holdings Berhad, and a Director of AirAsia X Berhad, all listed on the Main Market of Bursa Malaysia Securities Berhad. He is also a Director of JACTIM Foundation.

Panasonic Manufacturing Malaysia Berhad, Compugates Holdings Berhad, AirAsia X Berhad and JACTIM Foundation.

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