Inaugural Singapore Regional Business Forum to promote stronger collaboration and development in the region along the 21st Century Maritime Silk Road
- SBF establishes an inaugural business platform to provide insights on regional opportunities and issues
- Asia’s role in facilitating trade and investment in this fast growing region through the 21st Century Maritime Silk Road initiative as well as opportunities for businesses
22 July 2015 [Singapore] – The Singapore Business Federation (SBF) is organising the inaugural Singapore Regional Business Forum on 27 July 2015. Themed “21st Century Maritime Silk Road”, the Forum will serve as a neutral and constructive platform for an insightful discussion on the business implications and opportunities of the Maritime Silk Road initiative by the Chinese government for companies in Singapore and the region, as this is an important strategic initiative for countries in Asia, Middle East and East Africa.
This Forum is one of the events that SBF is organising this year to mark the 25th anniversary of diplomatic ties between China and Singapore.
To be held at the Ritz Carlton, Millenia Singapore, the Forum will be attended by some 300 guests from the region, including diplomats from various foreign missions in Singapore, business leaders and academics from 18 countries. Renowned scholars and eminent business leaders will be participating in the panel discussions.
The keynote speeches at the Forum will be delivered by Professor Tommy Koh, Chairman of the Governing Board at the Centre for International Law, and Her Excellency Fu Ying, Chairperson, Foreign Affairs Committee of the 12th National People’s Congress, PRC.
Mrs Josephine Teo, Senior Minister of State, Ministry of Finance and Ministry of Transport, Ambassador Arif Havas Oegroseno, Indonesia Deputy Minister of the Coordinating Minister of Maritime Affairs, and Mr Wang Jinzhen, Vice Chairman of the China Council for the Promotion of International Trade, etc. will also be addressing the audience.
Strategic importance of the 21st Century Maritime Silk Road and the Singapore Regional Business Forum
Asia is now the strongest economic region of the global economy and by 2050, it is estimated that Asia will make up 51% of the world economy1. With Asia driving global economic growth, the 21st Century Maritime Silk Road is an important initiative to foster closer long term cooperation between countries in the region.
The Singapore Regional Business Forum will expound on the political and economic implications of the Maritime Silk Road, as well as offer deeper insights into the business opportunities across a spectrum of sectors such as maritime infrastructure, shipping and trade, finance, tourism and hospitality.
Beyond politics and commerce, the event will also discuss how the 21st Century Maritime Silk Road can further establish cooperation between Asia and the rest of the world through cultural interaction aimed at strengthening the economic partnerships between countries. In addition, Singapore will leverage its role as a major financial, transportation, logistics and maritime hub to facilitate trade and investment in this fast growing region.
Professor Tommy Koh, Advisor of the Singapore Regional Business Forum, commented “Anyone interested in learning more about China’s proposed 21st Century Maritime Silk Road should attend this forum.”
Mr S.S. Teo, Chairman of SBF, said “The success of the 21st Century Maritime Silk Road is an important initiative for collaboration and sustainable development. Its success will bring huge economic, social and political benefits for Asia. As the apex business chamber in Singapore, SBF is committed to help the local business community tap the various growth and investment opportunities that are presented to the countries along the Maritime Silk Road. Through this Forum, we hope to provide a strategic platform for businesses to connect and network with regional government officials and key business leaders.”
SBF plans to develop this regional business forum into a high profile annual event, to provide thought leadership for business development and co-operation in the region and beyond.The Singapore Regional Business Forum is supported by IE Singapore, Embassy of the People’s Republic of China in Singapore, China Council for the Promotion of International Trade, Singapore Chinese Chamber of Commerce & Industry, Business China, S. Rajaratnam School of International Studies, Institute of South Asian Studies, East Asian Institute and the Centre for China and Globalization.
1 Asia 2050 – “Realising the Asian Century”, Asian Development Bank, 2011.