FOREWORD

The Third Singapore Summit held last September brought together 400 business and thought leaders from 32 countries to discuss a range of issues driving politics and economics in the region. Many participants fed back to say that they found the sessions interesting and helpful.

The Fourth Singapore Summit will be held in September this year, again coinciding with the Formula 1 Singapore Grand Prix. Expanding on the theme of Global-Asia Confluence, the coming Summit will cover tensions in global economics and finance, implications of the sharp drop in energy prices, challenges of sustainability and the need for new business models in a Global-Asia business landscape which is changing rapidly.

Despite improvements in the US economy, the global outlook remains subdued and patchy. Europe continues to flounder; Japan is still struggling; and China has slowed down. In all countries, structural reform is called for but the politics of change everywhere is difficult. Lower energy prices should boost overall global demand.

Happily, despite weaknesses in the global environment, Asia continues to grow. China has the capability to increase investment in a controlled way; India should do better under a new government; and ASEAN is experiencing a second wave of growth. The integration of Asian economies continues, facilitated by steadily improving connectivity.

We have to keep one eye on downside risks. Geopolitical tensions in Europe, the Middle East and Asia bear close watching. Competitive quantitative easing has the effect of competitive devaluation which creates new political strains. Volatility in oil prices is sending shock waves across the global economic system.

There will be much to take stock of when we meet at the coming Summit in September. The programme will begin with a Welcome Dinner on Friday, 18th September, followed by a full-day Conference on Saturday, 19th September. Prime Minister Lee Hsien Loong has kindly agreed to take part in a dialogue with Summit guests at the Conference. I look forward to seeing you (again).

George Yeo
Chairman of Kerry Logistics
Former Minister for Foreign Affairs, Republic of Singapore

For its part, the Singapore Summit is well on the way to carving out a distinctive role as a less formal and staged forum than Davos with a unique insight into Asia's issues, and matching what the Shangri-La Dialogue has achieved in the defence and security sphere, between them making Singapore the intellectual hub of policy discussion for Asia.
Lord Charles Powell,
Member of the House of Lords, Great Britain
The Summit had great attendance and content. Part of the reason I love to attend the Summit is that it opens my eyes and mind to a perspective that is hard to envision while living in the United States. The vibrancy and growth in the region leads to a growing confidence and excitement about the future.
Michael R. Splinter,
Executive Chairman of the Board of Directors, Applied Materials, Inc.
I think what has been special about this conference is its ability to convene some extraordinary people around a one day Conference. All the leaders come from different parts of the world but they are all interested in Asia. In just a very short period of time, there is a chance for great discussion, a chance to connect with a lot of people, and a chance to participate around intellectually enticing themes that are relevant to a changing Asia.
Jaime Augusto Zobel de Ayala,
Chairman & CEO, Ayala Corporation
I have found this Summit extremely interesting – it has been well-organised, it has been extremely succinct, and it has covered both economic considerations but also, very interestingly and importantly, geopolitical considerations. You have attracted an extraordinary group of industry and government leaders here. From my point of view, it has been very valuable.
John Nelson,
Chairman, Lloyd's of London
GLOBAL-ASIA RESOURCESSee All