|0830 - 0900
|0900 – 0915
||Opening Remarks by Conference Chairman
Ho Kwon Ping
Executive Chairman, Banyan Tree Holdings
|0915 – 1000
Plenary Session 1: The Shifting Business Landscape: Overcoming Disruptions in the Globalised World
Present challenges are like nothing they have ever seen before - business leaders are now buffeted by winds of hostility against the much-touted benefits of globalisation. The trade war between the US and its traditional allies has not only introduced uncertainty across the supply chain, but also negative sentiments for businesses and pessimism about the prospects of the global economy. There is growing disenchantment in the West with the post-World War II global order, with populist sentiments contributing to the rise of protectionism and retrenchment of the longstanding model of multilateral free trade and investment. The rise of China and its alternative model of “state capitalism” have raised existential questions over the sustainability of the free market economy, in which traditional businesses have thrived.
- What effect will prolonged economic competition between the US and China, across trade and investment policies, have on businesses? What measures are business leaders taking to inoculate against the effects of a prolonged trade war? How should they avoid bearing the unintended consequences of protectionist measures?
- What can businesses and like-minded governments do to once again promote and restore the multilateral framework which has been an engine of growth and prosperity over the past 70 years? What role can international and regional organisations play to deliver effective and sustainable solutions towards a more inclusive capitalism?
- How viable is “state capitalism” as an alternative to free market capitalism? What lessons can businesses learn from observing the very different economic models operating in the West and in China?
Prof Dani Rodrik, Ford Foundation Professor of International Political Economy, John F Kennedy School of Government, Harvard University
Neil Shen, Founding and Managing Partner, Sequoia Capital China
George Yeo, Chairman, Kerry Logistics Network
Nik Gowing, Visiting Professor, Nanyang Technological University, Singapore
|1000 – 1100
Plenary Session 2: Navigating Geopolitical Risks and Challenges in the Asia-Pacific
Populism and anti-globalisation pressures in the US and Europe, tensions in the Middle East, and extremist and terrorist threats will continue to pose risks and challenges that can affect the geopolitical environment in different parts of the world. While the prospects for peace and denuclearisation on the Korean peninsula have been raised, challenges remain in the reconciliation of the strategic objectives of the two Koreas, US and China. Other developments such as the South China Sea issue, China’s growing role, and the Indo-Pacific Strategy will have implications on the region.
- What are the most critical security challenges facing the Asia-Pacific? Are regional architectures such as the East Asia Summit, the ASEAN Regional Forum and the ASEAN Plus Three adequate in addressing them? If not, how might they be reshaped?
- What role can the rising and established powers play in supporting stable relations between the two Koreas and enhance regional stability? What role will the rising powers play alongside smaller states in supporting stability and regional security cooperation? Is there more that ASEAN can do to ensure a convergence of interest and maintain a rules-based order in the region?
- To what extent should businesses factor geopolitical risks and uncertainties in business decisions? Is there a role for businesses and non-state players in the regional security architecture? If so, what?
Fu Chengyu, Former Chairman, Sinopec Group
Dr S Jaishankar, President, Global Corporate Affairs, Tata Sons, and Former Foreign Secretary of India
Robert D Kaplan, Senior Adviser, Eurasia Group, and Senior Fellow, Center for a New American Security
Bilahari Kausikan, Chairman, Middle East Institute, National University of Singapore
Prof Nick Bisley, Head, School of Humanities and Social Sciences, Professor of International Relations, La Trobe University, Australia
|1100 – 1120
|1120 – 1210
Plenary Session 3: Southeast Asia: Rise of the Digital Economy and a Single Consumer Market
With a combined GDP of USD 2.6 trillion and the third largest labour force globally, ASEAN is expected to become the world’s fourth largest market by 2030. The region’s fast growing middle class, projected to reach 400 million by 2020, makes it a critical market for businesses. Aided by the rapid uptake of digital technologies, Southeast Asia’s Internet economy is expected to quadruple to USD 200 billion by 2025. While businesses have traditionally targeted consumer needs and preferences in local markets, digital technologies have given rise to new platforms to bring new products and services to consumers, and an ASEAN market that is more connected and integrated than before.
- Is there a dominant Southeast Asian consumer profile emerging? How will consumption patterns and preferences change?
- What is next in Southeast Asia’s digital evolution? What new business models and strategies are needed to fully realise the region’s growth potential? What are potential pitfalls to the dynamism and opportunities in the region? What are the key sectors to watch?
- How will traditional business conglomerates capture new opportunities brought on by the digital economy? What will be the interplay between established players and emerging players, and between existing and new business models?
Tan Sri Tony Fernandes, Group Chief Executive Officer, AirAsia Group
John Riady, Executive Director, Lippo Group
Tan Hooi Ling, Co-Founder, Grab
Jaime Augusto Zobel de Ayala, Chairman and Chief Executive Officer, Ayala Corporation
Kevin Sneader, Global Managing Partner, McKinsey & Company
|1210 – 1300
Plenary Session 4: Big Tech and the Well-Being of Consumers, Businesses and Society
Big tech companies have become influential over many aspects of society. While these platforms give users more ways to connect and express themselves, they have also been misused. Leveraging their data trove, tech giants have also brought disruptions to other industries. While this has provided more choice to consumers, it has also attracted scrutiny from regulators. Tech giants recognise their insufficient oversight, and acknowledge responsibility in making their platforms safer for users. They have responded with measures, such as giving users more control of their data, and accelerating the adoption of artificial intelligence to monitor content on their platforms. However, regulators must find a balance between innovation, competition and regulation of Big Tech to benefit society.
- Tighter regulation, and increased self-regulation combined raises the risks of over-regulation, and reduces the prospects for innovative use of data. How can regulators and companies work together to find a balance in protecting users’ data while encouraging innovation?
- Implicit in the current business model is the free usage of the platforms through the value created by the generation, collection and analysis of data. What other models may be plausible? What trade-offs are users likely to accept in return for usage of these platforms?
- Large technology companies have been able to challenge incumbents in different industry sectors. What do incumbents need to do to adapt? Is there a need for governments to step in to ensure fair play and healthy competition?
Oliver Bäte, Chief Executive Officer and Chairman of the Board of Management, Allianz
Dr Andrew Conrad, Chief Executive Officer, Verily Life Sciences
Prof Tyler Cowen, Holbert L Harris Chair of Economics, and General Director, Mercatus Center, George Mason University
Tom Wheeler, Visiting Fellow, Brookings Institution, and Former Chairman, Federal Communications Commission of the United States
Gerard Baker, Editor-at-Large, The Wall Street Journal
|1300 – 1415
Singapore Summit Young Societal Leaders Plenary
Businesses and Societal Good – What We Do or Who We Are?
It has been said that corporates believe their obligation to achieve societal good or to catalyse societal benefit can be achieved through curated Corporate Social Responsibility (CSR) programmes. How valid is this perception? Do CSR programmes create a genuine impact or are they merely achieving public relations mileage for companies? How can the traditionally profit-oriented companies effectively address societal challenges and make meaningful impact?
The young societal leaders on this panel, themselves with the experience of leading, working in or partnering corporates to achieve societal benefit, will provide their view on the effectiveness of CSR programmes and share their experiences of how businesses can go beyond to do good.
Chatchai Aphibanpoonpon, Founder, Klongdinsor
Chea Serey, Assistant Governor and Director-General of Central Banking, National Bank of Cambodia, and Founder, Raksa Koma Foundation
Martin Tan, Executive Director, The Majurity Trust
|1415 – 1500
||S Rajaratnam Endowment Dialogue
Datuk Seri Anwar Ibrahim
Chief of Pakatan Harapan Coalition
President (Elected) Parti Keadilan Rakyat
Moderated by Ho Kwon Ping
|1500 – 1515
||Closing Remarks by Conference Chairman
Ho Kwon Ping