ANZ bluenotes managing editor Andrew Cornell had the fascinating opportunity to meet Singapore's former Prime Minister, Emeritus Senior Minister Goh Chok Tong, at ANZ’s Finance and Treasury Forum in Singapore.
Shared here is ESM Goh's opening address, which examines all things China-US, including a concept called the Thucydides trap:
"Basically, this means an incumbent power and a rising power cannot avoid conflict."
Daniel Gradwell and Joanne Masters, Senior Economists at ANZ Research, discuss the falling housing market, ending on a relatively positive note:
"It is also worth noting that falling house prices are actually a positive for many young people and first home buyers. Deposit affordability has been improving in Sydney and Melbourne in line with the drop in prices, although it is still a significant challenge."
Erica Hardinge, Head of Security Enablement at ANZ, interviews Alicia Kozakiewicz to highlight the importance of online security and vigilance and ANZ's commitment to Stay Smart Online Week:
"Kozakiewicz says parents must sit down and talk about internet safety with their children as they do other safety issues: 'as a parent, you can’t just let your child find their way in this world – you teach them to wear a seatbelt, look both ways when crossing the road, don’t touch a hot pot.' "
Christina Tonkin examines the transition towards green finance:
"ANZ sees green finance as a business opportunity and has done so for some time. The bank appointed its first sustainable finance banker six years ago and has steadily grown the team."
Mark Bennett discusses the drought currently affecting NSW and QLD, and the importance of good business practice to enable farmers to come out the other side:
"While it’s important to highlight the hardship, it’s equally critical to remember there are also farmers applying well-considered business practices to make certain their farms get through to the next season."
Andrew Cornell interviews Nathan Parkin from Ethical Partners about Ethical Investments. “We want to invest in everyday businesses that happen to have higher standards. We could invest in any business really – a paint business or a paper recycling business or a bank - so long as there are good standards around how business is done.”
"AI will introduce some extraordinarily complex challenges. Think about how we might program a self-driving car."
“Yammer is the enterprise social network (ESN) that our people chose to replace our existing ESN after conducting a human centered design user research process last year.”
"Sponsorship has material benefits. People with sponsors are 19-23% more likely to be satisfied with their career advancement than their unsponsored colleagues. If you have a sponsor, you are 22-30% more likely to ask for a pay rise or a stretch assignment than your colleagues without one."
“If external ambiguity is the new normal, internal ambiguity is the new enemy. In other words, as the world becomes more difficult to understand and predict, there is a greater need for shared clarity in organizations. "