FORBES ASIA NEXT TYCOONS FORUM
Formula for Success
Time was when the surest path to wealth was to inherit it. No more. Money still generates more money—now as never before. But the engines driving those gains have changed irreversibly. Fortunes grow fastest not at sprawling conglomerates with towering assets and heavy connections, but at mammoth high-tech consumer companies with mountains of data and at minuscule startups with clever algorithms. The generation of leaders taking the wheel at Asia’s family businesses faces an incessant challenge to its survival. Innovate! Or risk being overtaken by the inexorable march of disruptive technologies. Innovate! And risk spoiling the careful cultural chemistry that keeps a family business humming. But hurry: the landscape is shifting fast as new powers rise and others wane. With inequality growing, wealth itself is under attack. Finding the right formula to break free from the pack has never been tougher.
Ong Ye KungMinister for EducationSingapore
Arif P. RachmatCofounder and Executive ChairmanTriputra Agro Persada
Katrina RazonManaging Director, KSR VenturesManaging Partner, CC: Concepts
Kuok Meng RuChief Executive OfficerBandLab Technologies
Jonathan ZemanChief Executive OfficerLan Kwai Fong Group
Chatri SityodtongChairman and CEOONE Championship
Cecile AngPresidentDiamond Hotel
Ho Ren HuaChief Executive OfficerThai Wah Group
Melvyn PunChief Executive OfficerYoma Strategic Holdings
Binay Raghuram ShettyVice Chairman and CEOBRS Ventures
Venue: The Glasshouse, Andaz Singapore
Registration desk opens
Guests to be seated
Lunch and Session I - In Conversation with Ong Ye Kung, Minister for Education, Singapore
Moderator: Justin Doebele, Editor, Forbes Asia
Session II - Where to Park it
Money never sleeps. And managing it has never been trickier. Asia’s emerging markets are caught in a tug of war between China and the U.S. that goes far beyond trade. Europe is succumbing to its long breakup with the U.K. And digital trolls have turned some elections into political dynamite. Policymakers and investors face a volatile combination of rising risk and slowing growth. Yet more and more cash is fleeing public markets and pouring instead into high-tech venture capital and private equity. In this panel, investment-savvy business leaders will debate where the smart money is headed and how old-school assets such as property, stocks and bonds stack up against structured products, startups and new darlings like AI and cryptocurrencies.
Session III - The Winner's Circle
Capitalism is under attack, but so are the conventional solutions to inequality and the populism it is fueling. Traditional philanthropy and corporate charitable giving are out; ESG and social investing are in. Business leaders need to demonstrate that their company delivers a positive impact, whether by creating jobs in needy communities or improving the environment. This panel will discuss what business leaders need to do to make a real difference—and make sure growing scrutiny of wealth doesn’t come back to bite them.
Session IV - Quantum Shift
Data is the new oil. And the companies with the biggest consumer bases are the new sheikhdoms. Armed with artificial intelligence, these businesses pose a formidable threat to incumbents. By building a community around their core products, they can create an ecosystem and mine it for clues to new services to sell. Businesses that aren’t already doing this to widen their market are likely to wake up one day to find new rivals pushing into theirs. In this session, panelists will discuss how the latest technologies are transforming their businesses and creating new opportunities.
17:00 - 18:00
The Glasshouse (Level 3)
5 Fraser Street