Singapore Perspectives 2019 «Singapore. World» - Panel III: Singapore and the Region

Conference «Singapore Perspectives 2019 «Singapore. World» - Open Remarks

The Institute of Policy Studies presented annual flagship Singapore Perspectives Conference on Monday, 28 January 2019. The theme of SP2019 is «Singapore. World». It considered recent geopolitical developments, their trajectory for the coming years and implications for Singapore South-Asia region. According to the World Bank, China’s Belt and Road Initiative (BRI) is a historic trans-continental initiative that aims to connect China to some 65 other countries that account for over 30 per cent of global GDP, 62 per cent of population, and 75 per cent of known energy reserves. At the same time, the US economy has experienced healthy growth in recent years. It remains a competitive, adaptive and innovative economy that is attractive to international talent and investment. If political and economic competition intensifies in the coming years, what are the implications for the international financial and trading system? An open trading system has benefitted trading nations like Singapore that are plugged into the global supply chains that bring capital and technological know-how.
Singapore is a shipping, air, and financial and business hub for more than 37,000 companies from across the world, including 7,000 multinational companies. It is a key financing services centre for BRI projects and supports the internationalisation of the Renminbi, being one of two Asian countries that are part of the Renminbi Qualified Foreign Institutional Investor programme (the other being the Republic of Korea). How can Singapore and Southeast Asian countries work together to face the headwinds and capitalise on new opportunities? What is the future of Singapore’s hub strategy? How should it adjust its international economic strategy and national socioeconomic policies? Finally, how can Singapore encourage an optimistic and cosmopolitan mindset among Singaporeans towards the region and the rest of the world, to nurture its own workforce, welcome international talent, and encourage Singaporeans to venture into the region and beyond for learning and business opportunities? Singapore and the Region Japan, Korea, India, Australia, countries in Southeast Asia, and ASEAN as a whole are likely to face increasing pressures from US-China rivalry.

Chairperson Professor Chan Heng Chee
Ambassador-at-Large Ministry of Foreign Affairs

Speaker Mr Bilahari Kausikan
Chairman Middle East Institute National University of Singapore

Speaker Dr Marty Natalegawa
Member Secretary-General's High-Level Advisory Board on Mediation United Nations and Former Minister of Foreign Affairs, Indonesia (2009–2014)

Lee Kuan Yew School of Public Policy
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