No economic forecasting can cover both the known unknowns and unknown unknowns for the next 50 years. We return to fundamentals and question whether the basic strategy for Singapore’s success in the past – leveraging off the Three L’s of Location, Land, and Labour – are still valid, especially the role of manufacturing when other city-states have moved entirely into services provision. Then, a few sacred cows or below-the-radar issues which will impact on the very long term future of business and the economy are examined in more detail. These include the need for a more integrated immigration and foreign worker policy, changes to the education, land and housing policies, the need for new indices of economic well-being, and the creation of an innovation-attracting social environment.Speaker:
Mr Ho Kwon Ping is Executive Chairman of Banyan Tree Holdings, which owns both listed and private companies engaged in the development, ownership and operation of hotels, resorts, spas, residential homes, retail galleries and other lifestyle activities around the world.
Born in 1952, Mr Ho was educated in Tunghai University, Taiwan; Stanford University, California and the University of Singapore. He worked as a broadcast and financial journalist and was the Economics Editor of the Far Eastern Economic Review. He joined the family business in 1981.
In 1994, after the success of rehabilitating an abandoned tin mine into Laguna Phuket, Asia’s first integrated resort, he launched Banyan Tree Hotels and Resorts. Banyan Tree has grown to more than 30 hotels and resorts, over 60 spas and close to 80 retail galleries, as well as three golf courses. With a strong presence in China, Banyan Tree will double its number of properties by 2016.
In May 2000, Mr Ho was conferred an honorary doctorate by Johnson &Wales University, and later received the London Business School 2005 Entrepreneurship Award. In 2008, he was named CEO of the Year at the Singapore Corporate Awards. In 2009, he was the recipient of the Hospitality Lifetime Achievement Award at the China Hotel Investment Summit in Shanghai.
As Chairman of Singapore Management University (SMU), Mr Ho was awarded the Singapore Government’s Meritorious Service Medal for his contribution in the founding of SMU. In 2010, he became the first Asian to receive the ACA (American Creativity Association) Lifetime Achievement Award in recognition of his creativity and innovation in various spheres of endeavour. In 2011, he was voted top Thinker in Singapore in the Yahoo! Singapore 9 Awards, a testament to his business innovations and leadership in civic causes. In 2012, Mr Ho was given CNBC’s Travel Business Leader Award Asia Pacific 2012, in addition to being named to the board of Diageo, a British multinational. Mr Ho is married to Claire Chiang, Senior Vice President, Banyan Tree Holdings Limited. They have three children – two sons and a daughter.Downloads:
• Mr Ho Kwon Ping’s speech
• Media Coverage of Lecture II: Economy and Business (12 Nov 2014)
• Report on Lecture II: Economy and Business
• 2014/15 IPS-Nathan Lecture Series: Lecture II By Mr Ho Kwon Ping Video: