Angsana Council

Southeast Asia is set for a decade of robust growth, with GDP projected to rise by an average of 5.1%. Vietnam and the Philippines are expected to lead the pack at over 6%, with Indonesia close behind at 5.7%. Despite global challenges, the region is on track to outpace China in both growth and FDI. Check out the image below to see the key drivers—both positive and negative—that could influence each country’s trajectory. For a deeper dive, explore our Southeast Asia Outlook 2024-34 report here: https://lnkd.in/gDQwUuHM

DBS Kopi Time E131 - SE Asia 2024-34 with Charles Ormiston This conversation is about a flagship report on Southeast Asia’s outlook. Earlier this year, researchers from DBS Bank, Angsana Council (backed by Monk's Hill Ventures), and Bain & Company came together to query the drivers of regional economic performance in recent decades and the outlook for the coming decade. The work was done taking into account ongoing disruption from geopolitics, technology, and climate change. Charles Ormiston, founding partner of Bain and Company’s Southeast Asia business, and I talk about the motivation behind the report, our key findings, and strategy for the private and public sector in light of the report’s insights. Despite many headwinds, the next ten years offer plenty of exciting opportunities for the region. Hope that comes across through this engaging chat. Report link: outlook.angsanacouncil.org https://lnkd.in/gW2cER94

The U.S. and China may not agree on much, but they both agree that they need to regulate AI—and fast. In March, the U.S. endorsed a non-binding United Nations General Assembly resolution, sponsored by China, that called for greater oversight of AI. A few months later, Washington voted for a China-sponsored UN resolution that called for closing the gap in AI capability between rich and poor nations. But where does that leave Southeast Asia, a quickly-growing region with a tech-savvy population? “We’re a hybrid region,” Gullnaz Baig, executive director of the nonprofit Angsana Council, said at #BrainstormAI Singapore. “We love each other and yet at the same time, we’re always looking over our shoulder and wondering what our neighbors are doing.” Read more: https://lnkd.in/dtsGXyiM

Last Thursday, we successfully launched the Southeast Asia Outlook 2024-34 report together with Bain & Company, and DBS Bank. The event brought together over 100 guests including key industry, business, and public sector leaders. Peng T. Ong, Angsana Council Trustee, and Monk's Hill Ventures Managing Partner reflected on the role of technology in spurring growth in Southeast Asia. The session featured an in-depth presentation of the report by, Charles Ormiston, Advisory Partner at Bain & Company and Chair of the Angsana Council, and Taimur Baig, Managing Director and Chief Economist of DBS Bank. This was followed by a Q&A session with the presenters and Gita Wirjawan, former Trade Minister of Indonesia and Chair of the Ancora Group, and Angsana Council Trustee; moderated by Gullnaz Baig, Executive Director of the Angsana Council. Southeast Asia is forecasted for healthy growth in the next decade with an annual average of 5.1%. This growth can be accelerated if the region considers redirecting resources and being conscious about its policy decisions and strategy, in key growth sectors. For more insights, explore the interactive website and access the full report here: https://lnkd.in/gDQwUuHM Special thanks to Wade Cruse, Managing Partner, Southeast Asia at Bain & Company; and Kwee Juan Han, Group Executive, and Country Head at DBS Bank Singapore, for their support. Both teams at Bain & Company and DBS Bank for the partnership throughout.  Thank you to everyone who attended for being a captive audience and forthcoming with their comments and questions. 

Get excited about Southeast Asia — an era of prosperity and opportunities is in the making! Jointly prepared by DBS Bank, Angsana Council, and Bain & Company, the "Navigating High Winds: Southeast Asia Outlook 2024 – 2034" report reveals how Southeast Asia’s prospects have brightened despite the prevalence of global headwinds. This comprehensive report identifies the new drivers that will accelerate this growth, providing valuable insights for businesses and investors alike. Buckle up and prepare to harness the winds of change! Find out more: https://go.dbs.com/4c62wwF #SEAGrowth #EconomicOutlook #SoutheastAsia #FDI

Over the last 30 years, Southeast Asia has underachieved its potential. However, the seed of resurgence has been sown. Over the next decade, Southeast Asia will likely grow faster than the last decade, with higher GDP growth than China. We expect the region’s GDP to grow by 5.1%, on average, in the next decade, with Vietnam and the Philippines leading the way at over 6% each, and Indonesia tailing close at 5.7%. To understand why, explore the interactive website and access the full report here: https://lnkd.in/gDQwUuHM Thank you Charles Ormiston and Taimur Baig for leading this initiative. Peng T. Ong George Yeo Gita Wirjawan Ancora Foundation and Doris Magsaysay-Ho Magsaysay Group of Companies Gullnaz Baig Phong T. Bea Ramos

What are we excited about? 👇🏽 Navigating High Winds: The Southeast Asia Outlook 2024-2034 report, jointly presented by the Angsana Council, Bain & Company, and DBS Bank, launches next Thursday, August 1. Led by Charles Ormiston and Taimur Baig, drawing on their rich experience and expertise, the report makes a daring attempt at forecasting the growth of the region for the next 10 years, and newer growth opportunities that could accelerate further growth. Come back here on 1 Aug for the report! With special thanks to Peng T. Ong, George Yeo, Gita Wirjawan, Doris Ho.

"Southeast Asia is already one of the growth centers in the world." Angsana Council Trustees Peng T. Ong and Gita Wirjawan discuss the growth prospects of Southeast Asia and the reasons behind the formation of the Angsana Council. Watch the full Endgame episode "ASEAN’s Race to Overtake China - Peng Ong | Endgame #169" here: https://lnkd.in/gH_Zv6Fq

Our Executive Director, Gullnaz Baig, will be speaking at Fortune Brainstorm AI 2024 in #Singapore on July 30-31. She will be part of a panel discussion titled "AI with Southeast Asian Characteristics? In Search of a Governance Model That Works," taking place on July 30 at 4:40 PM. As #AI innovation accelerates, leaders worldwide are balancing technological progress and ethical governance. The U.S., Europe, and China have adopted distinct AI governance models. Southeast Asia must now forge its own path. Will the region favor firms and markets or state control? Can its diverse economies work together to identify common values for AI regulation? Join Gullnaz Baig, along with Evi Fuelle, Director of Global Policy at Credo AI, and Zee Kin Yeong, CEO of Singapore Academy of Law, as they explore these questions. The panel will be moderated by Clay Chandler from Fortune. To join us, RSVP: https://rb.gy/0ahete #FortuneAI

Angsana Council Executive Director, Gullnaz Baig, participated in a roundtable discussion titled “Driving Payments of Tomorrow: Strengthening Singapore as a Regional Hub for Innovation and Facilitating Interoperability” last week. The session gathered key public and private sector stakeholders to discuss strategies for reinforcing Singapore’s role as an innovation hub and regional conduit. Here are some insights that Gullnaz shared with the group: 🌱 Regional Interoperability: The future of Singapore is regional, particularly in considering interoperability and expanding the ease of business operations and trade across countries in the region. 🌱 Startup Support: Startups, as key innovators, need support to understand and implement safety and security standards, ideally aligned with global benchmarks, especially in areas like cybersecurity, data protection, and payment security. 🌱 Public-Private Dialogue: In this region, we have active public-private conversations. We can enhance these efforts systematically to advance specific projects, particularly under ASEAN’s auspices, focusing on engaging relevant business stakeholders. The Angsana Council remains committed to fostering innovation and collaboration through such meaningful conversations. We look forward to continuing our efforts in driving progress and positive impact in the region.