The 20th Forbes Global CEO conference 2022 took place in Singapore on the 26th and 27th of September. It was a gathering of some 450 top business leaders worldwide.
Ajay Banga, vice chairman of General Atlantic; Minister of state-owned enterprises of Indonesia; Gautam Adani, chairman of the Adani Group; Chief Executive officer of Franklin Templeton; Erick Thohir, Jenny Johnson, president, and Eduardo Saverin; Jenny Lee, managing partner at GGV Capital; Co-founder and managing partner at B Capital; Adar Poonawalla, CEO of Serum Institute of India; and Lawrence Wong, Singapore’s deputy prime minister and minister for finance, were among the notable speakers at the Forbes Global CEO conference 2022.
Key Highlights
Mr. Gautam Adani, the world’s 2nd richest person and the Adani Group Chairman stated that the Economy of India would expand to $30 Trillion. The nation has acquired a unicorn [startup] every nine days in 2021, and India is currently on the verge of producing thousands of entrepreneurs.
Despite these challenging circumstances, Singapore’s deputy prime minister Lawrence Wong stated that they feel that right here in Singapore, the little island we are, we can endure being a bulwark for stability, potential, and inventiveness.
According to Indonesia SOE Minister Erick Thohir, more SOEs will go public to improve stability and transparency. They are establishing a sound economic structure while decreasing the number of SOEs, and too many SOEs also finish local firms.
According to Jenny Lee, Managing Partner of GGV Capital, as private companies, they are participating in the next generation of leaders… genuine entrepreneurs who want to change the world.
Despite the substantial losses at Byju’s, Indian EdTech Billionaire says he is “all in.” His goal is to continue doing it for another 30 years after I’ve been doing it for 15 years. They need ten more similar businesses in the world. Byju Raveendran, founder and CEO of BYJU’S, stated in the CEO global conference that if you perform well, you’ll eventually do quite well.
Eduardo Saverin, co-founder of B Capital, stated that Singapore, generally, if people look beyond healthcare, is a launching pad for advancements with this philosophy of originating here, then spreading to the globe.
Janet Henry, the chief global economist at HSBC, stated that he believes the challenge facing the world’s central banks is daunting. However, they must move away from this view that there is nothing central banks can do.
According to V. Shankar, CEO and Co-founder of Gateway Partners, despite monetary stimulus and low interest rates, the reason why costs for commodities have stayed on the ground for so long is due to the massive effective production engines of China.
According to Ho Kwon Ping, Executive Chairman of Banyan Tree Holdings, rising prices, and other concerns had it so terrible that they are just returning from the grave, so nothing else could scare them right now for the upcoming years.
According to John Studzinski, vice chairman and managing director of PIMCO, since the release of Covid, ESG has adopted a new structure. People started paying attention to their distribution networks for the first time.
Founding Chairman of Avanda Investment Management, Ng Kok Song, remarked that they are transitioning from a time of peace to one marked by strife and bloodshed, which has led to deglobalization. Therefore, businesses must make more significant investments to ensure resilience.
According to Jenny Johnson, President and Chief Executive Officer of Franklin Templeton, we all made fun of NFTs. But consider the possibilities if you can acquire intellectual property and authenticate usage. Future developments might be highly intriguing.
