Rappler is at Forces Shaping Asia, the 2016 Milken Institute’s Asia Summit in Singapore.
This annual conference brings together about 400 influential thought leaders and senior decision-makers to talk about regional and global challenges as well as the trends that will shape the future of Asia.
What are the threats and opportunities – from global capital markets to cybersecurity and new leaders in Asia?
|8:45 – 10:00 AM||
Global Overview: Navigating an Uncertain World
After a rocky start, global financial markets have shown surprising resilience in 2016. Jitters over slowing economic growth in China have subsided somewhat, offset by strength in U.S. job growth. The UK vote to exit the European Union initially shocked markets in June, but the sell-off was brief — and followed by a powerful rally in stocks worldwide, particularly in emerging markets. But equities have been underpinned in part by continued massive accommodation by central banks. Meanwhile, terrorist attacks, a backlash against immigration and free trade, and the divisive U.S. presidential election have fed an undercurrent of fear in the global economy and markets. The Asia Summit kicks off with a hard look at the most important issues facing government, business and investors heading into 2017. What are the near-term prospects for economic growth in Asia and the rest of the world? What are the biggest impediments to the region’s aspirations — and the major positives? Where are the financial markets going from here?
Welcoming remarks by Michael Klowden, CEO, Milken Institute
Moderated by Jonathan Woetzel, Director, McKinsey Global Institute; Senior Partner, Shanghai, McKinsey & Co.
|10:45 – 11:15 AM||Cybersecurity: Can the Next Threat Be Stopped?
As our reliance on connectivity grows, cyberattacks are escalating in frequency and sophistication. The banking industry was stunned early this year when hackers stole $81 million from the Bank of Bangladesh’s Federal Reserve account using Society for Worldwide Interbank Financial Telecommunication credentials. Global cybercrime will cost businesses over $2 trillion by 2019, according to Juniper Research. One response is to adopt defensive strategies to prevent hackers from penetrating networks. For example, Singapore plans to cut Internet connections to public employees’ computers, allowing access only through dedicated terminals, a seeming contradiction to its Smart Nation initiative to build more integrated networks. A more offensive strategy also is emerging in which threat-intelligence providers track cyber-thieves in underground Web forums and on social media to learn their methods and prevent assaults. This panel will discuss the latest threats that lurk in cyberspace and the steps companies and governments can take to counter them.
Moderated by Jeevan Vasagar, Singapore and Malaysia Correspondent, Financial Times
|12:15 – 1:45 PM||
|2:15 – 3:15 PM||
Artificial Intelligence: Blurring the Lines Between Humans and Machines
For decades, futurists and science fiction writers predicted that smart machines would someday rival the intelligence of humans. Now, their forecasts seem to be coming true. Artificial intelligence, or AI, already exceeds human capability in certain fields. Machines can send and receive signals and analyze vast quantities of data faster than humans. They have learned to drive cars, manage stock portfolios and, through personal assistants such as Siri and Alexa, talk to us. In the not-so-distant future, AI may even augment our own brain functions. But as with all revolutions, the potential of AI raises concerns. Among the biggest: Some worry that that its growing capability may trigger the largest labor displacement since the Great Depression. This panel will explore the many ways artificial intelligence will shape our workforce, culture and institutions in the years to come.
Moderated by James Cham, Partner, Bloomberg Beta
|3:30 – 4:30 PM||