Key issues surrounding the future development of the ASEAN region will be discussed at the inaugural annual ASEAN Economic Summit On November 12 at Singapore where the landmark regional event will bring together policy-makers, economists, CEOs, financiers and pre-eminent thought leaders as well as strategists.
Organised by The Financial Times, in partnership with Standard Chartered Bank, the one day summit will be co-chaired by Martin Woly, Chief Economic Commentator, and James Kynge, Emerging Markets Editor of the Financial Times. According to an announcement made by the organisers, the summit will focus on the most promising industries and countries in the ASEAN region, and discuss how businesses, consumers and investors can take advantage of its opportunities in the region.
Lim Hng Kiang, Singapore's minister for trade and industry, will deliver the opening keynote address. There also will be a keynote interview with Peter Sands, Group CEO of Standard Chartered, and an economic keynote address by Catherine Mann, chief economist of OECD.
"ASEAN is an emerging economic and commercial force to be reckoned with. It has the natural resources, demographics and financial clout to become a major influence on the world economy, and the economic integration promised for the end of next year could further cement its rise," said James Kynge. "But there are challenges as well as substantial opportunities ahead. This event will provide a platform to debate these issues at a global level."
"As a strategic region with growing opportunities, ASEAN countries play a crucial role in the world's economic growth. It is important for ASEAN as a region to demonstrate its capabilities and strength as the world economy transforms," Lim Cheng Teck, CEO, ASEAN, Standard Chartered said. "We are delighted to work with the Financial Times in hosting the inaugural ASEAN Economic Summit. The Summit provides a great platform for participants to discuss how the region can navigate through its economic challenges in order to achieve sustainable growth and development."
Panel Discussion: ASEAN's Economic and Political Development Leading economists and political scientists share their insights on the outlook for ASEAN in the short and long term, taking account of the impact of the planned Economic Community but also focusing on specific member-states, their domestic conditions and the internal impulses for continued economic growth and political development, as well as external trends such as the influence of China, the volatility in capital flows, and the tentative recovery of Western economies and Japan. Does ASEAN have the appropriate political institutions, sufficient physical infrastructure and other support structures, such as pro-investor regulatory frameworks and targeted education systems, to ensure long-term sustainable growth? Can policy-makers ensure that ASEAN's rising wealth is distributed evenly, thus avoiding the social tensions that have shaken some fast-growing emerging markets in other parts of the world?
Idris Jala, Minister in the Prime Minister's Department, Malaysia Kishore Mahbubani, Dean, Lee Kuan Yew School of Public Policy Catherine Mann, Chief Economist, OECD John Riady, Executive Director, Lippo Group Moderator: Martin Wolf, Chief Economics Commentator, Financial Times Keynote Interview: View From The Top (Part One) Peter Sands, Group CEO, Standard Chartered PLC in conversation with: James Kynge, Emerging Markets Editor, Financial Times Panel Discussion: Integrating and Deepening ASEAN Capital Markets.
The integration of Southeast Asia's capital markets is a key element of the planned ASEAN Economic Community. The seven ASEAN exchanges have a combined market capitalisation of over $2.0 trillion and more than 3,000 listed companies. The region's stock exchanges are well on their way to agreeing on combined indices and other measures that will allow cross-listings and a common approach to data and analytics. What other steps need to be taken so that ASEAN capital markets become an effective tool for cross-regional fund-raising and investing? How do fund passport to schemes fit into overall efforts to reduce regulatory inconsistency and overlap, and what opportunities do they provide for asset managers and intermediaries?
Magnus Bocker, CEO, Singapore Exchange Charon Wardini bin Mokhzani, Managing Director, Khazanah Research Institute Henrik Raber, Global Head, Capital Markets, Standard Chartered. Moderator: Jeremy Grant, Asia Regional Corporate Correspondent, Financial Times Panel Discussion: The New ASEAN Consumer Marketers and strategists from leading multinational and regional companies debate the changing characteristics of the ASEAN consumer and explore the best ways to tap a fast-growing middle class and booming retail markets. Will the ASEAN Economic Community create the platform for a cross-regional marketing strategy, or will country-by-country approaches prevail? To what extent are buying habits being influenced by social media and the increased use of technology?
What specific opportunities are presented by the increasing numbers of high net worth and ultra high net worth individuals in ASEAN's more developed economies? Will we see rapid growth of regional ASEAN brands? How will they compete against the big international names? Harjit Gill, CEO, Philips ASEAN & Pacific V.P. Sharma, Group CEO, Mitra Adiperkasa Ravi Thakran, Head of South Asia, Southeast Asia and the Middle East, LVMH Moderator: Jeremy Grant, Asia Regional Corporate Correspondent, Financial Times
Panel Discussion: Leveraging ASEAN's Natural Resources:
ASEAN's natural resource wealth gives it a key role in commodities markets and is already a major focus for foreign trade and investment. Demand for energy and raw materials within ASEAN is likely to increase in the region as development accelerates, while exports are expected to continue to expand despite China's current slowdown and the volatile global economy. China is still by far ASEAN's largest trading partner and substantial investment in energy supply will continue to be required to fuel its giant economy. Australia, another major ASEAN neighbour, is seeking to expand its investment in downstream services to complement its already strong presence in upstream mining. New free trade agreements and planned investment liberalisation in certain key markets have the potential to boost activity, but what else needs to be done? What is the best strategy for multinational resources and energy companies in the current environment?
Li Yao, CEO, China-ASEAN Investment Co-operation Fund Benjamin Philip Romualdez, President and CEO, Benguet Corp, and President, Chamber of Mines of the Philippines Fraser Thompson, Senior Fellow, McKinsey Global Institute Moderator: James Kynge, Emerging Markets Editor, Financial Times.
CEO Roundtable: The Future of ASEAN Business ASEAN and international business leaders discuss the potential for further expansion within ASEAN and the key challenges that have to be addressed for competitiveness to be maintained. Looking at the region's different economies, how do manufacturing costs in ASEAN compare to China and the West? Will ASEAN maintain its crucial role in global supply chains as costs rise and companies move towards a more value added approach? Is sufficient attention being paid to innovation as a competitive force, in product development and management systems? What steps need to be taken to ensure ASEAN has sufficient skilled manpower to support its rapid growth? What impact will the planned integration of ASEAN's 10 economies have on trade and investment? Will this new common market prompt a dramatic change in the flow of people, capital and goods, or have the implications of liberalisation been exaggerated? How can the potential for newly emerging markets such as Cambodia and Myanmar be optimised?
Stuart Dean, CEO, GE ASEAN Lim Cheng Teck, CEO, ASEAN, Standard Chartered Serge Pun, Chairman, Serge Pun & AssociatesPatrick Walujo, Co-Founder and Managing Partner, Northstar GroupModerator: Martin Wolf, Chief Economics Commentator, Financial Times.
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