The key headwinds of 2022, sharply rising inflation and interest rates, currency market volatility, China’s pandemic struggles, as well as energy and food security concerns, have begun to fade. Trade is on the weak side, tech sector is shedding some jobs, and rates may not be coming down, but the global economy is emerging from the punches of 2022 on a decent footing. US and Europe no longer looked destined for recession and China’s pro-growth shift is a major source of support for global demand. Lingering risks include the war in Ukraine, China-US rivalry, financial market volatility, and re-emergence of inflation in late 2023 as demand remains resilient.
At the same time, it is important to note that economies in the Asia Pacific, many of which rely heavily on imported goods, are vulnerable to the consequences of supply chain disruption for production and consumption. Promoting flexible and resilient supply chains will be key to weathering the storm.
Join us for our annual Economic Outlook for insightful presentations and panel discussions with notable industry leaders.
3.45 pm Registration Opens
4.20 pm Welcome Remarks by Mr Justin Ong, Senior Sales & Leasing Manager, Sales & Leasing Group, Far East Organization
4.25 pm Opening Remarks by Mr Kelvin Brace, Regional Head, Product Sales, Transaction Banking at DBS Bank
4.30 pm 2023 Economic Outlook by Dr Taimur Baig, Managing Director and Chief Economist at DBS Bank
4.50 pm Presentation on Supply Chain Disruptions by Mr Sudhan Sundaram, Supply Chain Practice Lead at Accenture
5.00 pm Q&A moderated by Mr Carl van der Elst, Co-Chair of the EuroCham Financial Services Committee
5.05 pm Questions from the audience
5.25 pm Closing Remarks by EuroCham
5.30 pm Networking Session
Light refreshments will be served.
The organisers reserve the right to change the programme content without giving prior notification or any reasons thereof.
Dr Taimur Baig
Managing Director and Chief Economist
Taimur Baig, Ph.D., heads economics as well as macro strategy for interest rate, credit, currency, and equities at DBS Group Research. He also advises the bank on risk management and investment strategy. Prior to joining DBS, Dr Baig was a Principal Economist in the Economic Policy Group, Monetary Authority of Singapore (MAS). Earlier he spent nine years at Deutsche Bank’s Singapore office, where his last position was Managing Director and Chief Economist, Asia. Before Deutsche Bank, he was based in Washington, DC, at the headquarters of the International Monetary Fund, for eight years, where his last position was Senior Economist. Dr Baig has published extensively for both specialists and a general audience, on areas including monetary policy in a deflationary environment, exchange rate regime determination, demographics, energy sector, frontier markets, fiscal policy efficacy, and financial market contagion. Dr Baig sits as a council member for the Asian Financial Think Tank, Economic Society of Singapore, and Women’s World Banking. Dr Baig holds a Ph.D. in Economics from the University of Illinois at Urbana-Champaign. He attended London School of Economics and Wabash College for his B.A. in Economics.
Mr Sudhan Sundaram
Managing Director, Supply Chain
Sudhan is a senior professional with 25+ years of experience in a diverse career. Sudhan started his career with Woolworths, Australia performing various leadership roles in Retail Operations, Engineering, and Supply chain. Sudhan was heavily involved in 2 significant Supply chain transformation programs, which were critical to the leadership position that Woolworths enjoys in the marketplace.
Following this, Sudhan moved to Singapore in 2016 to run a start-up Supply chain Consulting firm. Over 2.5 years, the start-up achieved significant growth, and laid the foundation for the success of the Asian portfolio, before its sale in early 2020.
Sudhan joined Accenture in May 2019 as the Managing Director of the Supply chain for South-East Asia. Sudhan and the team have helped many clients in the region, designing and implementing customer-centric supply chains with a key focus on driving revenue growth and enabling end-to-end business value across the Supply chain.
Mr Carl van der Elst
Deutsche Bank AG, Singapore Branch
Carl is within Deutsche Bank responsible for the coverage of the European multinational clients active in the Asia Pacific region. Originally from Holland, Carl has lived in Asia for more than 20 years, with the majority of his time spent in China. Carl joined Deutsche Bank in Beijing in 2008 after previously working at Credit Suisse and ING. Carl has a Masters in Law from Leiden University and a MBA from UC Berkeley. Carl is fluent in Dutch, English and German while conversant in French and Mandarin.
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