ASEAN leaders in conversation
Many of Asia’s border areas are thriving. With ASEAN economic integration remaining a sterling work in progress – flows of people, goods and trade have increased across the region and the momentum is unlikely to weaken. ASEAN countries and its closest trading partners are at the centre of the bustle. Over the medium to long term, ASEAN is expected to remain among the fastest growing regions in the world. For banks in ASEAN, it is not just the size and growth of the economies that matter; it is the composition of that growth and demand. Rising incomes and the agglomeration effects of urbanisation will significantly expand the ranks of the middle class in ASEAN, which will in turn spur the demand for a wide range of goods and services including financial services, with the accumulation of wealth. This phenomenon is being demonstrated right now, as it has been over the last few years, and will continue to play out in the next few decades as ASEAN continues to grow.
This lively segment will kick off with a In Conversation Dialogue with Samuel Tsien, Group Chief Executive Officer of OCBC Bank.