2019 July 12 Friday
Governors' Seminar: Digital Connectivity (Open Event)Grand Auditorium, Philharmonie
- Reiterate the importance of digital infrastructure as one of the most important infrastructure asset classes to ensure digital connectivity and inclusiveness.
- Serve as a platform for follow-on knowledge sharing and business development opportunities in the digital infrastructure sector.
- Connect and engage with industry stakeholders for the future drafting of digital infrastructure strategy.
Digital infrastructure is a key enabler of economic growth and financial inclusion. A 10-percent increase in internet penetration is found to correlate with an increase of up to 2.8 percent in economic growth. Digital inclusion is also an enabler for entrepreneurship and opportunities for women. But the “digital divide” is huge: while 4G connectivity reaches 62 percent of the world’s population, only 24 percent of the population in less developed countries enjoy the same access. Developing countries are at risk of falling behind without the necessary ICT infrastructure to support trade and integration with the global economy.
There is also the promise of large efficiency gains and cost savings that can be achieved by adopting infrastructure technologies (infra-tech), which includes advanced building information systems, virtual/augmented reality used to facilitate designs, and machine learning, supercomputing or big data analysis to perform feasibility studies. It is estimated up to 10 percent of overall project costs could be saved by utilizing infra-tech in project design, making infrastructure projects safer, more efficient, longer lasting and more bankable.
Between 2012-2016, MDB investments in the digital infrastructure sector only accounted for around 1 percent of their total commitments. This seminar will be an opportunity to discuss key digital infrastructure investment priorities and ways in which AIIB could effectively work with governments and the private sector to reverse this trend. The seminar will also address the need for forward-looking policy support and coordination between public and private sectors for the future development of digital infrastructure and application of infra-tech.
- What are the key digital infrastructure investment priorities and cross-border digital infrastructure needs in your region?
- How can the Bank work with governments and the private sector to use technology to make infrastructure safer, more efficient, durable and bankable?
- What further policy support and coordination between national and sub-national governments is required for the future development of digital infrastructure and application of infra-tech?
- Panel Discussion
Minister of Finance, Ministry of Finance, Maldives
Group Chief Technology Officer, PCCW Limited
Paul is the Group CTO of PCCW-HKT with over 30 years in Telecoms and Media. In 2009 Paul was recognised by the IPTV World Forum for Outstanding Industry Contribution and in 2008 as one of the Global Telecoms Business top 100 “most influential persons in telecoms”. Before joining PCCW in 2002, Paul was Managing Director of management consultancy Arthur D. Little in Hong Kong and also held roles in Reuters and several other major Hong Kong service providers. Paul holds a BSc in electro-acoustics and an MBA. A Chartered Engineer, he is a current or former member of a number of global industry working groups and advisory boards including the GTI. He is also a non-executive director of Spark New Zealand, Rain Networks in South Africa, Lynx Analytics in Singapore and the NGMN Alliance.
Managing Director, Macquarie
Peter Durante is the Head of Technology and Innovation within MIRA where he co-ordinates the work of MIRA’s asset management and origination teams in identifying and applying emerging technologies that may impact the operational and environmental performance of existing and future portfolio assets.
Prior to joining Macquarie in 2018, Peter spent over 18 years in infrastructure, oil and gas, renewable energy and transportation. He started his career at Shell where he worked across the downstream value chain including supply management, procurement, strategy, risk management and commodities trading. Peter then served as a consultant to a range of industrial, financial and governmental clients on renewables, transport electrification, and emissions trading policy. He then spent five years at Saudi Aramco’s renewable energy organisation where he lead the Emerging Technologies and Market Intelligence division which supported the development and launch of Saudi Arabia’s renewable energy deployment through R&D, venture capital and project development.
Peter has a Master of Business Administration from the University of Oxford, UK, a Master of Science in Finance and Financial Law from SOAS University of London, UK, a Master of Arts in International Relations from the University of Kent, UK, and a Bachelor of Arts in History from Arizona State University, USA.
Chairman, Standard Life Aberdeen plc
Sir Douglas assumed the role of Chairman with effect from 1 January 2019. Douglas is also Chairman of IP Group plc, Non-Executive Director of the Centre for Policy Studies and Member of the Global Advisory Council of Motive Partners.
Additionally, he is Chairman of the Just Finance Foundation, the Corporate Board of Cancer Research UK and Trustee of the Royal Marsden Cancer Charity. In December 2017 he was appointed by the Chancellor as Special Envoy to China’s Belt and Road Initiative. Previously, Sir Douglas served as Group Chairman of HSBC Holdings plc from 2010 to 2017. For fifteen years prior to this he was HSBC’s Group Finance Director, joining from KPMG where he was a Partner. Between 2005 and 2011 he also served as a Non-Executive Director of BP plc.
Minister Delegate for Digitalisation, Ministry for Digitalisation for Luxembourg
Joachim von Amsberg
Vice President, Policy & Strategy, AIIB
Dr. Joachim von Amsberg drives the strategic direction for the Bank, including its sectoral and country priorities, its investment strategy and programming, its economic analysis and research, and its operating budget. He oversees the Bank's environmental and social policies, other operational policies, and their implementation. He previously served in a number of progressively senior roles at the World Bank where he most recently held the position of Vice President, Development Finance where he was responsible for the replenishment and stewardship of the International Development Association (IDA), the World Bank’s fund for the poorest, and for trust fund and partnership operations.
Dr. von Amsberg holds a Ph.D. in economic policy analysis and an M.B.A. from the University of British Columbia. He also holds a M.Sc. in industrial engineering from the Technical University of Berlin. He is a national of Germany.
Anchor/ Chief International Correspondent SE Asia, Bloomberg
Haslinda Amin is Chief International Correspondent for Southeast Asia and anchor for Bloomberg Television. She is also host and Executive Producer of talk show ‘High Flyers’ which is the longest-running program on Bloomberg TV.
Based in Singapore, Amin has been at the heart of market-moving news and stories that have driven the region’s transformation. She has reported on major events including the 2008 financial crisis, the 2016 Jakarta attacks and the 2010 bloody anti-government clashes in Thailand. Amin has also helmed Bloomberg’s coverage of the Asia-Pacific Economic Cooperation meeting, the World Economic Forum and the Asian Infrastructure Investment Bank Board of Governors Meeting.
Amin has interviewed a wide range of top newsmakers for Bloomberg Television, including Singapore’s founding father Lee Kuan Yew, Indonesia’s President Joko Widodo, New Zealand’s Prime Minister Bill English and former Thai Premier Thaksin Shinawatra. Other notable interviews include Paul Volcker, Joe Biden, Timothy Geithner and Stanley Fischer.
Amin began her career covering Southeast Asian politics more than a decade ago. She serves on the board of UN Women Singapore and has been nominated numerous times for Best Current Affairs Anchor at the Asian TV Awards. She graduated from the National University of Singapore, majoring in Political Science and English Language. She speaks Bahasa Indonesia.