Recovery and Resilience: Spotlight on Asean Business
September 12, 2022 | Singapore & Virtual Shangri-La Singapore
About the Event
Almost three years into the pandemic, governments and businesses alike are mapping out a blueprint for a resilient and sustainable recovery that leaves no one behind. Asean– a vast, diverse region of emerging markets– has shown abundant resilience and is poised for growth.
A few challenges lie ahead: Russia's invasion of Ukraine has snarled the food supply chain and pushed up energy costs worldwide. Countries that rely on imported food and fuel, such as the Philippines, Singapore and Thailand, are forced to sell them at eye-popping prices. Inflation is at an all-time high. ARMO, a think tank affiliated with Asean, forecasts an average inflation of 5.2% of its ten members this year. That is more than double of last year's rate. Inequality and infrastructure gaps threatening to impact long-term sustainable growth.
There are some silver linings-- the region is set to get a bigger slice of the trade pie as companies look to diversify supply chains. The Regional Comprehensive Economic Partnership (RCEP), the world's largest trading bloc, is poised to boost cooperation and liberalize trade in Asean. While the region is on the frontline of climate change, it also offers immense potential in establishing itself as a destination for renewable energy.
What does the future hold for Asean? We gather business leaders, policymakers and industry experts to discuss ways to tap on emerging opportunities in the region to leapfrog progress.
BNP Paribas Asset Management
Founder & Executive Director, Asian Trade Centre
President, Asia Business Trade Association
Chief Executive Officer, Asia
Sri Mulyani Indrawati
Minister of Finance
Republic of Indonesia
Hon. Mohammad Atiqul Islam
Mayor of Dhaka North
Ng Lai Yee
Singapore Managing Partner and Country Leader
Pang Xue Kai
Amb. Sihasak Phuangketkeow
Special Advisor of Eastern Economic Corridor
Former Permanent Secretary of The Ministry of Foreign Affairs of Thailand