Fostering Dialogue between Asia and the World

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Dr Sri Mulyani Indrawati, Minister of Finance of Indonesia, spoke at the S Rajaratnam Endowment Dialogue at Singapore Summit 2017 on issues ranging from prospects for growth in Asia, a more inclusive globalisation, to women in leadership.

The world has reached an inflection point driven by renewed geopolitical tensions, the rising tide of populism, the backlash against globalisation and rapid technological change. Against this backdrop of uncertainty, approximately 500 business and thought leaders from Asia and beyond convened at Singapore Summit 2017 to discuss solutions to pressing global issues and to examine ideas for deeper partnerships in the future economy.

Conversations at the plenary sessions of this year’s Summit highlighted the importance of: corporate leadership and a multi-stakeholder approach in navigating the possible scenarios of a new world order; upholding free trade and staying interconnected; and, fostering inclusive growth through appropriate policy decisions and harnessing technological advancements.

Intergenerational dialogue and succession was another important theme emphasised at Singapore Summit 2017 with the launch of the Singapore Summit Young Societal Leaders (YSL) Programme. A special plenary session featuring select members from the Programme’s inaugural class allowed YSLs to take the stage in voicing their perspectives on how to move society forward. Recognising that organic, innovative and cross-sectoral solutions are needed and that the next generation of leaders in Asia and around the world cannot function in silos, the Programme seeks to build a global community of young leaders whose talent and collaboration will achieve more as a whole than in parts. Participating YSLs were able to glean diverse perspectives from each other and from established leaders that can further inform their work of moulding the future of their societies.

Over 20 prominent local and international guests spoke at Singapore Summit 2017. Among them were Dasho Tshering Tobgay, Prime Minister of Bhutan; Dr Sri Mulyani Indrawati, Minister of Finance of Indonesia; and, Mr Teo Chee Hean, Deputy Prime Minister and Coordinating Minister for National Security of Singapore. Summing the mood at Singapore Summit 2017 on the criticality of international cooperation and cohesion, Dasho Tobgay shared the King of Bhutan’s advice that “No nation today can stand alone in achievement. Time is slowly telling us that there can be no lasting individual success without success as a community and there cannot be lasting national progress and success if it does not fit into a future of global peace, harmony, and equality. The world must progress together or fail together.

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About Singapore Summit

Established since 2012 and supported by the Singapore Economic Development Board, GIC, the Monetary Authority of Singapore and Temasek, the by-invitation-only Singapore Summit is one of the foremost events for business and thought leaders from Asia and the world to come together and discuss opportunities and challenges that could impact regional and global growth, prosperity and stability. The sixth edition of the Summit, held on 15-16 September 2017, marked the handover of the Conference Chairmanship from Mr George Yeo to Mr Ho Kwon Ping, and Emeritus Senior Minister Goh Chok Tong assuming the role of the Patron of Singapore Summit. Temasek Foundation Connects has also taken over as the secretariat for Singapore Summit.

About Temasek Foundation Connects

Temasek Foundation Connects is one of the six non-profit philanthropic organisations set up by Temasek and sponsored through Temasek Trust.
Temasek Foundation Connects funds and supports programmes that seek to build bridges and partnerships, and to promote dialogue and mutual understanding across international communities and markets. These programmes advance collective knowledge and mutual understanding in key areas that are important to Singapore and on a global front. These include various issues such as security, geopolitics and economic imperatives of emerging markets, as well as best practices in areas such as corporate governance and stewardship.

Did you know…

Development cooperation between Singapore and Bhutan has covered multiple areas, including human resource development, information and communications technology, media and communications, transport, and technical and vocational education and training. Development in Bhutan is famously inspired by the philosophy of Gross National Happiness (GNH), which highlights balanced, sustainable, inclusive and equitable development beyond the conventional measure of the Gross Domestic Product. To integrate GNH values not just in public policy but also for businesses, Bhutan is launching a GNH Certification Tool for Business this November.