 Sama ada di sini kerana kita berbincangkan sebuah perkara penting yang penting. Ini tentang membuat kerja di Asia. Dan kita mencari perjalanan antarap. Saya akan berkata bahawa ini bukan perjalanan, jika totali adalah identiti. Untuk membuat kerja, kita perlu mengalihkan potensi antarap. Bukan hanya dalam Indonesia, tetapi dalam East Asia, dan di sebuah tempat yang lebih besar. Di mesyuarat pagi ini, saya mempunyai sebuah panel yang hebat yang saya tidak dapat melakukannya dengan hanya bercakap dan memperkenalkan mereka. Tetapi saya akan melakukannya dengan cepat. Dan dalam masa sedikit, anda akan mendengar dari setiap mereka sehingga saya mendapat sebuah pertanyaan. Di lantai saya sekarang, adalah Bagita. Bagita adalah kelebihan perniagaan perniagaan perniagaan yang dikenalkan oleh BKPM Indonesia. Saya harus beritahu anda, bagi perniagaan perniagaan di forum ini, saya nampak Gita dalam sebuah sesuatu mesyuarat, saya melihatnya di sini, saya berharap tidak dapat melihatnya pada makan tengah hari. Dan ia sangat susah bekerja. Kemudian kita ada Kujima. Kujima mempunyai sebuah hati yang besar. Ia adalah kelebihan perniagaan BKPM JAPAN, tetapi dia juga berhati-hati sebagai kelebihan perniagaan perniagaan JAPAN. Jadi dia bercakap di sebuah kelebihan perniagaan MNC dari JAPAN. Dan tentu-tentu terhadap dia, kita ada Pak Sehat, dan dia adalah cara yang sangat penting, saya gembira mempunyai dia di sini di panel. Ia adalah kelebihan perniagaan perniagaan Indonesia dan dia adalah kelebihan perniagaan, CEO kelebihan perniagaan Marvel selama 30 tahun. Dan kemudian, ia penting bahawa kita tidak boleh bercakap tentang kelebihan perniagaan tanpa sebuah kelebihan perniagaan perniagaan perniagaan Indonesia. Untuk dia, kami sangat gembira. Kita ada Pn. Shimada. Pn. Shimada membawa kelebihan sebagai kelebihan perniagaan perniagaan dan perniagaan perniagaan di JAPAN. Dia ada 1,000,000 perniagaan, memberi di JAPAN, dan 10,000,000 perniagaan perniagaan di across Asia. Jadi dia ingin mengalami kita dengan bercakap di JAPAN sebab kemudian dia dapat mengalami kelebihan sebenar. Jadi saya berharap anda semua mendapat kelebihan kelebihan dengan anda sebab dia ingin bercakap di JAPAN dan kemudian kami akan mendapat kelebihan. Pada sebuah Pn. Shimada, ia Sarah. Sarah adalah kawan yang hebat. Apabila saya beritahu kelebihan perniagaan, saya tidak dapat mempunyai panel perniagaan tanpa perempuan. Dia tidak hanya perempuan, dia perempuan sosial dan dia membawa kelebihan ini dengan membuat Aida dan datang ke lima tahun apabila dia mempunyai perempuan dari kelebihan yang berlainan di Asia dengan setiap kelebihan perniagaan. Jadi apabila mereka balik, mereka boleh mendapat kelebihan perniagaan. Saya betul-betul ingin Sarah di panel ini. Dan terakhir, kami mempunyai salah satu perempuan yang terbaik daripada PwC. Oh, Dennis, itu membuat kelebihan untuk anda. Ya, saya tahu. Kami membuat kelebihan untuk saya. Ya, ia mempunyai. Deniz Nelly, CEO PwC ASA. Dan Dennis sangat bergantung tentang perempuan yang berlainan untuk kelebihan perniagaan tetapi juga bergantung tentang kelebihan perniagaan yang berlainan di region MNC. Jadi untuk bermula, saya akan mulakan dengan Pagita sebab dia dari sebuah negara untuk anda. Kami mempunyai banyak orang di audience hari ini berterima kasih kepada anda untuk membawa banyak investasi ke Indonesia. Dan untuk kami semua, kami ingin tahu, beri kita sesuatu yang baru, beri kita sesuatu yang menarik. Apa yang Indonesia buat sekarang untuk memastikan bahawa kelebihan, kelebihan, dan kelebihan boleh diletakkan di negara. Itu sebuah kesilapan 24 jam. Tapi saya rasa pilihan pertama atau pilihan pertama yang perlu diletakkan untuk kelebihan Indonesia dan kelebihan Indonesia untuk memastikan kelebihan ekonomi. Dan kelebihan ekonomi pasti telah telah diletakkan selama beberapa tahun. Tapi saya rasa ia perlu terus diletakkan kelebihan yang lebih cepat dan kelebihan yang lebih tinggi. Sebelum masa, saya rasa kita boleh mulakan memikirkan kelebihan kelebihan yang perlu. Sebab saya percaya kelebihan itu boleh membantu untuk membuat kelebihan orang-orang untuk melakukan apa-apa. Sekarang, anda memberi pertanyaan dan idea kelebihan dan antroponeralisme di Indonesia. Saya rasa kita mungkin tidak seperti antroponeral seperti orang-orang chinese dan orang-orang indian dalam termasuk tersebut dan kelebihan. Tapi ia tidak sepatutnya menyebabkan bahawa ada antroponeralisme di Indonesia. Sehat adalah contoh yang berharga dan banyak orang lain. Tapi saya rasa untuk melakukan itu, kita perlu memastikan bahawa dalam 10, 15 dan 20 tahun ada perjalanan yang perlu dalam kelebihan dan memastikan kelebihan yang berharga untuk memastikan bahawa orang-orang akan dapat mengambil lebih banyak kelebihan. Saya bercakap tentang kelebihan yang berharga di sini. Dan tentu itu akan membutuhkan kelebihan atau kekelihan. Kita sudah melihat banyak contohnya di China dan India Narayan Murthy, seorang pembinaan yang memulakan $250 berkaitan tentang kelebihan ini dan kelebihan untuk memastikan dan memprotektif dan mempercayai apa saja yang dia cuba buat 20-30 atau lebih awal lebih daripada 20-30 tahun lalu. Tapi dia sudah mempunyai kepercayaan bahawa di U.S. ia akan menjadi kepercayaan untuk apa-apa pun yang dia akan melakukan pada tahun untuk datang. Dan saya rasa untuk sesiapa-siapa untuk mempunyai kepercayaan itu, ia lebih mungkin di banyak tempatan, di Indonesia, ia sudah terpengaruh. Tapi ia perlu berada di jalan sehingga kita dapat memastikan kepercayaan kepercayaan yang saya rasa dapat menghubungi kepercayaan yang lebih besar di masa depan. Saya rasa itu akan mempunyai kepercayaan kepercayaan yang terpengaruh atau terpengaruh sehingga ia perlu dibuat dengan kepercayaan kepercayaan di Indonesia. Okey. Jadi di Indonesia telah bergerak dengan baik-baik saja. Apa kepercayaan kepercayaan kamu sekarang? Kepercayaan kami berada di sekitar 7-8% kepercayaan kepercayaan kepercayaan dalam masa 3-4 tahun. Jadi ia akan berada di sekitar 4-5%. Ia telah berada di kepercayaan dan saya rasa ia berlainan untuk menghubungi kepercayaan. Poverty adalah perkara yang lain yang kita sedang menerima. Ia menghubungi sekitar 13% dan kita sedang menghubungi kepercayaan kepercayaan yang lebih besar. Saya rasa kita akan menghubungi kepercayaan kepercayaan. Tapi kita perlu pastikan bahawa semasa kita melakukannya, orang akan lebih banyak menghubungi. Saya perlu beritahu kepercayaan kepercayaan di Indonesia tak berlainan di mana-mana yang India dan China ada. Kami hanya ada 14,000 kepercayaan kepercayaan yang berlainan dan berlainan di Indonesia yang berlainan dengan 500,000 kepercayaan di China dan kepercayaan yang sama di India. Dan kebercayaan kepercayaan di Indonesia adalah lebih kecil pada perjalanan yang berlainan daripada kedua-dua negara. Saya rasa ada perubahan yang berlainan. Dan saya rasa kita boleh berlainan kerana secara fiskal, kita ada kepercayaan kepercayaan. Kita cuma perlu menghubungi sedikit supaya kita boleh menghubungi sistem pendidikan untuk produksi kepercayaan kepercayaan supaya kita boleh mempunyai sekitar 100,000 kepercayaan kepercayaan selama 20 tahun. Sebenarnya, kita perlu melihat kemungkinan lain yang berlainan. Saya rasa ini akan menghubungi kemungkinan kemungkinan yang lebih besar dalam kepercayaan di Indonesia. Terima kasih banyak. Kita akan kembali ke sebuah sektor pendidikan selama seketika. Kujima-san, kami datang ke kamu sekarang. Mitsubishi adalah sebuah kepercayaan yang besar. Ada banyak kepercayaan kepercayaan yang besar. Saya sangat gembira apabila kamu ingin bercakap dengan sebuah kepercayaan kepercayaan dalam kepercayaan kepercayaan japan. Terima kasih banyak untuk kepercayaan kepercayaan kamu, Ms. Kousan. Seperti yang kamu beritahu, saya adalah kepercayaan kepercayaan Mitsubishi. Selepas itu, saya akan beritahu bagaimana untuk menghubungi atau menghargai orang yang lebih muda. Tetapi bercakap tentang Asia dan saya sangat menghargai masa depan Asia disebabkan orang yang muda seperti kamu di ruang saya. Saya sangat muda tetapi generasi yang muda sangat aktif. Seluruh kepercayaan kepercayaan kepercayaan tersebut Asia kepercayaan kepercayaan kepercayaan adalah lebih besar daripada sebuah kepercayaan kepercayaan EU di United States. Dan lebih jauh-jauh sebuah kepercayaan kepercayaan kepercayaan kepercayaan kepercayaan kepercayaan kepercayaan kepercayaan di Asia dan merupakan sebuah kepercayaan kepercayaan EU di United States. Saya percaya mempunyai orang yang lebih muda orang yang muda di Asia adalah salah satu kepercayaan kepercayaan kepercayaan di Asia. Dan untuk ini berlaku, saya percaya ia sangat penting membuat sebuah kepercayaan regional kepercayaan kepercayaan kepercayaan kepercayaan yang orang yang lebih muda dapat memaksa potensi mereka. Ini sangat penting. Ini tidak selesai bahawa teknologi baru dan model perniagaan telah terlalu berkembang dengan perhatian dari banyak Asia sampai pengambilan dan penyelamat. Saya suruh kita membuat lebih mudah untuk orang dengan sebuah kepercayaan kepercayaan dengan lebih mudah untuk membuat sebuah kepercayaan kepercayaan di Asia. Itu sangat penting, saya rasa. Ini akan membuat orang yang lebih muda kepercayaan kepercayaan dan membuat kepercayaan kepercayaan di sini di belakang kita. Seperti model perniagaan sebuah kepercayaan sudah bermula China menunggu kepercayaan aplikasi untuk versi green card untuk mengambil penyelamat dengan penyelamat dan kepercayaan kepercayaan. Satu sebuah kepercayaan segera untuk menjadi sebuah kepercayaan di Asia dengan kepercayaan kepercayaan. Seperti model perniagaan kepercayaan kepercayaan dan kepercayaan kepercayaan, kepercayaan kepercayaan akan bergerak. Kita percaya ini akan menjadi salah satu yang paling penting di sebuah negara dengan cara untuk membalaskan kepercayaan kepercayaan dengan kepercayaan kepercayaan. Kepercayaan Mitsubishi telah mengambil inisiatif di sebuah negara untuk membuat kepercayaan kepercayaan dan kepercayaan kepercayaan kepercayaan dan nama adalah perniagaan kepercayaan kepercayaan kepercayaan. Sebelum beberapa tahun lalu, kepercayaan kepercayaan kepercayaan kepercayaan ini dan ini membuat kepercayaan kepercayaan ke CEO dan kami sekarang bekerja di program Smart City di India. Dan kemungkinan ini sebuah negara telah mempunyai kepercayaan kepercayaan kepercayaan kepercayaan kepercayaan kepercayaan kepercayaan dan sebagainya. Saya nampak kemungkinan untuk menghubungi kepercayaan kepercayaan kepercayaan dengan Asia. Dan kemajuan untuk menghubungi orang muda dalam sebuah negara untuk memberi kepercayaan kepercayaan untuk mereka untuk mempercayaan kepercayaan mereka. Meskipun syarikat kita besar berdua berdua bekerja di Tokio dan Headquarter Tokio. Selepas 30-27 mereka datang dari Asia. Saya menikmati orang muda dan wanita sehingga mereka memberi kepercayaan kepercayaan dan cara baru untuk mencari kepercayaan. Untuk menemukan kepercayaan baru untuk mereka kemudian bisnes bisnes nanti bahkan kumpulan penting kepada komunikasi vertikal dan komunikasi yang kawal. Kami berusaha kubungi generasi dan komunikasi kawal untuk menghubungi kebercayaan kejayaan dan negara And the neighbors and the everybody. And those horizontal vertical communication is very important for future to analyse what will be necessary for the new business. And besides one more thing. To me, entrepreneurship is not about the size of a company. But mindset. Kami mempunyai sistem bantuan in-house untuk membantu pekerja-pekerja yang mudah dengan penyelidik antarabangsa. Mereka mempunyai perniagaan baru, dan ini sangat penting. Mereka mempunyai jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis. Tapi saya minta, mengapa kita tidak mempunyai perniagaan baru yang dapat diperlihatan di luar Indonesia? Saya tidak tahu bagaimana menjawab soalan ini sehingga saya pergi ke U.S. untuk melihat bagaimana perkara yang telah dibuat di sana. Saya mula memperkenalkan bahawa kita tidak mempunyai perniagaan yang mempunyai perniagaan. Menurut saya bahawa perniagaan di Indonesia adalah bahawa perniagaan yang sangat unik di Indonesia. Kami mempunyai jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis jenis. Jepun atau dari Taiwan atau sekarang dalam masa lepas dan sekarang dari Jemini dan sekarang dari China. Mereka semua dapat berjaya membuat duit, mendapatkan duit, menjadi sebuah kehidupan yang baik. Sebenarnya, saya rasa ini mengharapkan untuk orang-orang untuk mengambil kemungkinan untuk melakukan perkara yang tidak diharapkan untuk berjaya. Kita tahu bahawa satu perkara yang saya boleh beritahu adalah bahawa dalam teknologi, orang-orang yang mempunyai perniagaan yang unik dan dapat berjaya dengan lebih besar dalam dunia, orang-orang yang mempunyai kemungkinan yang tidak diharapkan. Jepun, kita dapat berjaya dan berjaya. Tapi kemudian perniagaan berbeda. Tiada orang yang memulai perniagaan di sana dan kemungkinan tidak dapat dihubungi sebagai kemungkinan. Mereka tidak mempunyai kemungkinan untuk menjadi... Mereka tidak mempunyai kemungkinan yang tidak diharapkan untuk mempunyai kemungkinan untuk mempunyai kemungkinan yang tidak diharapkan. Mereka tidak mempunyai kemungkinan untuk membina dan membuat perniagaan. Saya rasa kita perlu belajar beberapa perkara yang berlaku dari negara yang berlaku dan beberapa perkara yang unik untuk berlaku dari negara yang berlaku seolah macam mana mereka dapat berjaya dalam membuang kemungkinan kerja untuk kemungkinan teknologi. Saya rasa Indonesia juga patut memperkembangkan termasuk pekerjaan perniagaan yang harus dikawal ke industri teknologi. Kita perlu beritahu bahawa sesungguhnya berbeda dengan negara yang telah berlainan untuk menggabungkan pekerjaan ini. Jadi, bagi contoh, sejak kita mempunyai pemerintah yang besar, kita sudah mempunyai hal yang sudah dikembangkan. Kita sudah memperkenalkan hal yang sudah dikembangkan, mungkin 100 juta telefon sejujurnya, atau sekitar 50 juta, mungkin 100 juta unit. Jadi, kita sudah mempunyai duit, kita sudah memperkenalkan hal yang sudah dikembangkan. Jadi, kita hanya perlu mempunyai hal ini untuk membuat pemerintah ini atau membuat pemerintah ini, dan memperkenalkan keadaan lebih banyak, lubang yang lebih besar semasa kita mencapai hal ini. Jadi, saya rasa bahawa semua hal ini mungkin memperkenalkan untuk membuat pemerintah, untuk orang-orang perlu memperkenalkan hal ini dan memperkenalkan keangkatan ke seorang ibu ini. Jika kita tiada cara untuk memperkenalkan hal itu, We will talk about that, the role of the government in a little while. That's great. I need all of us now to use our headphones because we are going to go to Mr. Shimada. For you, Mr. Shimada, my question is very simple. What do you think is the key role of employers in helping workers plan for restructuring within an industry or within a company? Okey, so, I would like to talk about the role of employers. Especially, I am from the labor community, so in that sense, if you are watching from the person who is talking about it now, you might think that the point of view is a bit different. However, as the role of the employers I have, I have four things in mind. First, I think there is a life guarantee for the workers. Second, of course, we need to grow our company because we are an employer, so we need to support them. We need to make sure that they are willing to do that. And then, we need to contribute to the company as much as we can. In total, I think it is important for the country and the community to contribute to the company as a society. However, if the employer is not there, we cannot do business. We can do business only with robots, but if we think about it as a robot, we cannot do business for the company. We cannot do business for the company, but if we think about it as a robot, we cannot do business for the company. Especially, if we think about Asia, especially East Asia, as you all know, we may say it is a thousand-yen company, but we cannot do business in the world. But on the other hand, if we say it as a robot in the world, it is not wrong. In that case, we cannot do a company without the authority of many people to contribute to the company. Sebenarnya, kerja global yang saya fikirkan adalah kerja yang diperlukan dalam perjalanan. Sebenarnya, kerja diperlukan dalam perjalanan. Sebenarnya, kerja diperlukan dalam perjalanan. Sebenarnya, kerja diperlukan dalam perjalanan. Sebenarnya, kerja diperlukan dalam perjalanan. Sebenarnya, kerja diperlukan dalam perjalanan. Sebenarnya, kerja diperlukan dalam perjalanan. Terima kasih. Terima kasih. Sebenarnya, kerja diperlukan dalam perjalanan. Terima kasih. Terima kasih. Terima kasih. Terima kasih. lebih general tentang kejadian yang saya rasa akan berlaku dengan penyelamatkan dalam kejadian yang berharga. Saya akan kata kejadian pertama adalah satu yang menarik. Saya rasa ada banyak kejadian micro. Itu bukan sebuah kejadian yang kita akan memasak sebagai kejadian sebenarnya. Kita lihat kejadian micro di mana-mana. Dan ia adalah masalah yang berlaku untuk mempunyai terlalu banyak kejadian micro. Ini adalah sebuah konsekuensi kejadian micro yang berlaku, kejadian micro kredit yang berlaku. Saya bergabung di Indonesia. Kita sebenarnya mempunyai 51 juta kejadian micro. My understanding is that in Philippines for example 97% of the business establishments are micro enterprises. But that's a problem because micro enterprise is not what fuels economic development. Micro enterprise is a wonderful place to start. But we need to grow micro enterprise into small business. Small business is the foundation of economic development. Small business is what generates employment opportunity. Small business is what pays tax revenue. Small business is what inspires other businesses to grow. Micro enterprise again is a brilliant start but it is not what we need as economies. We need to move people up. A second reason why I think there is a challenge or why I say there's too much micro enterprise is because it is revealing of the ambivalent entrepreneurial attitude of the poor. Many, many of the women who come to AIDA many, many of the hopeful poor with whom I have spoken actually don't want to be entrepreneurs. They find it enormously risky. But for them there is no other option. With the hopeful poor we are talking about individuals who are living on $2 a day. When you are living on $2 a day your children are hungry. Your children may be ill and there is no money to go to the doctor. There is no option for you to not engage in business. You must do that if you want your children to survive. But it is not necessarily what they feel equipped to do. They are enormously risk averse. What business should I go into? Could I really make it? I am going to need some money in order to start this business. And that money is hard won. It is very surprising. There are many, many families in Philippines and Indonesia and India and Sri Lanka that will work to scrape together $2,000 U.S. to send their wives or their daughters overseas to be employed as maids rather than invest that sum in a business. If they could take $2,000 and invest it in a business they could have something significantly greater than a microenterprise. Wow! But no, microenterprise is too risky. They would rather send their daughter or their wife off overseas to potentially experience dramatic exploitation. But the salary will be a short thing and there will be remittances that can come potentially for years. Small business is considered to be too risky. We need to clearly deal with that. If we are going to grow our economies. I think that we need to recognize first and foremost that if we are to have vibrant entrepreneurs amongst the poor and if we are to move beyond microenterprise we need to understand that microentrepreneurs need more than just credit. They also need business insight and savvy and they need confidence. Ida works now to we aspire to be the world's microbusiness school. I feel passionately that the greatest investment that we can make in business leaders is at the bottom of the pyramid. All of the individuals who leave Ida all of the women who graduate all the men who are graduating now from Ida can do transformative things by really growing small businesses in their communities they can lift not just their families but potentially entire communities out of poverty. I think it's a better investment put education into them than into potentially the INSEAD MBAs I used to teach. I think that the world may be a better place if we produce a few more of these Ida graduates as opposed to INSEAD graduates even though INSEAD is a wonderful institution. But we need to see that entrepreneurs need more than just credit. We at Ida think very systematically about the kinds of psychological growth that they require the confidence, the self esteem the hope the internal locus of control they need also to have obviously real management capability technological insight they need business plans and the business plans that the ladies turn out at Ida again the vast majority of whom are our mates 25 pages single spaced tight replete with cash flow analysis there's absolutely no issues with their abilities to think big and they come out and they produce small business as opposed to micro enterprise and this is Thank you Sarah You could tell you're still passionate about this project and we'll come back to you about SMEs and what governments could do to help them to finish up this round robin Dennis you've done a CEO survey under PWC where you actually say you have all these graduates coming out from universities and yet all the MNCs operating in Asia are finding a tremendous talent shortage What's going on here and why this huge gap between the demand and the supply for talent and good morning everybody it's great to be here with you I think one of the common themes that really has been expressed by many on the panel today is really going at this whole issue of talent and skill gaps and the shortages that exist really around the world is the way I would describe it and it's almost like the point of saying skill gaps, skill shortages is becoming the new normal in terms of how we need to think about these issues on a go forward basis you mentioned the PWC CEO survey you know very comprehensive survey we involved over 1200 CEOs from around the world we're able to cut the survey into a lot of different areas we try to cut it on a geographic basis and what I just want to share a couple points with you here as it relates to Asia as it relates to Asia when you ask the CEOs what is the number one business challenge that they're dealing with that could inhibit their ability to grow talent is the number one issue they mention so when you think about the tremendous opportunities and they talk about how to capitalize on those opportunities the number one issue is talent skill gaps that they don't have the ability to solve today and I will tell you that statistic is not dissimilar whether you go to North America you go to Europe or other parts of the world as well the skill issue is front and center for all the issue is so predominant here in Asia and you talk about changes to their business strategy in the upcoming 12 months the whole area of the human capital agenda over 90% of the CEOs are saying they're going to make fundamental changes shifts to how they manage talent in their organization and I think that confirms the fact that this is top of mind and something that really needs to be addressed not only as it relates to how you think about talent in your home country but also how you think about how you manage talent across the border so some very interesting statistics coming out of that CEO survey that really confirm everything that's been said here this morning and a recent PwC survey that we've just completed very interesting statistic that says one out of four high potential employees will be leaving their company in the next 12 months so what we've been talking about in terms of talent how you manage the opportunities capitalize on some significant challenges into the future if one out of four of your top performers is contemplating moving to another organization that's a significant business challenge that really needs to be addressed so what are some of the solutions what are some of the ideas that are out there to really address this issue so the human capital agenda has to be owned by the CEO in other words this issue is such a strategic importance that if the CEO is not championing this area of focus no different than innovation technology or market share issues whatever those priorities have been in the past this is not going to get the kind of attraction and type of focus that you need in your organization but the capital agenda has to be driven by the CEO secondly, when you step back and you really try to understand what's going on in the minds of some of our younger employees we refer to them as the gen-wise they think about their jobs very differently than what many of us up here have thought about our careers in the past they're looking for much more than a job, much more than a salary they're looking for and for corporate responsibility it's values they're looking for experience development the employee agreement that you have with your workforce needs to be refocused to be attended to today's environment and I think in many instances that's a real shift for many companies the third area we would talk about deals with this whole issue of international mobility we talk about competing on in your home territory this is a global world employees need to have experience they need to have skills that allow them to compete in a much more complex environment and how you focus the agenda around international mobility I think is very critical and the last area I would focus on I think we're going to talk about this later deals with the whole question of what is the role of business and government in dealing with the whole issue of education and how do you really enhance the educational system that's out there to make those systems more relevant to types of skills that need to be imparted to the workforce, not today but just into the future as well so I think the issue is real it's not going away it needs a lot of focus and attention and I think the business community has a role to play in this process Thank you, Dennis, that was great and I want to engage the audience very quickly so before we jump to them just jump to the mic whenever you feel that inspired the role of government keeps popping up do we have too much government or too little government in helping entrepreneurs Kita, kita wants to go first Thanks I happen to be lectured of free markets practically all my life in the state but when I look at the situations in Indonesia I don't think that complete free markets will work so the government needs to have a role of nurturing the country to go to the free market in the right steps for example because of as I said earlier because we have this huge inefficiency in the country if we let's say want to build let's say a cell phone company they'll manufacture cell phones in the states from the ground up money will not solve the problem so the government say here's $5 billion to build that $5 billion will go to the drain because if you allow that company to start to compete with the free markets with a huge efficiency gain in Taiwan or in China we need to succeed so we need to have the right steps for the government to create the proper incentive proper investments in education to build the infrastructure the transportation systems and so on to so that over time over 10, 20 years be able to build an industry they can compete with the rest of the world to speed up to speed things up a little bit significantly speed things significantly is to have a policy to lure some of these multinational companies from they are very strong in other parts of the world to come to the country give them some incentives programs whatever it is to incentivize them to build the manufacturing our soil in Indonesia and then hopefully over time they will create they will spring supporting industry around them because up to all even the biggest of the biggest company in the world will still need to buy components from suppliers so they can decide to buy the suppliers from Japan from far far away distances or they can have local suppliers to supply them components so I think naturally over time more people will want to go to to take the master and PhD programs in schools because they know that those jobs will be available when they graduate and companies like us could help we could go in and enable some of these jump start programs so Gita you want to come in a few years ago we implemented a policy of having at minimum 3 passengers in a car if you were to swing by Sudirman and Tambarin roads this was called the 3 in 1 guess what happened days later after the policy was implemented you saw a bunch of commoners on the sides of the streets who would offer their service to be jockeys so that they could make 5-10,000 rupes on a paride basis and this would have included and some women carrying babies guess what happened it created a thriving industry in itself and by itself so the notion that Indonesia is not sure of its entrepreneurial spirit absolutely true beyond the shadow of a doubt but it is only true the truism is only to the extent that it is equipped to do and when we're talking about equipping every citizen of Indonesia it is to the extent of how they're educated now the question is what is the probability of the next Bill Gates being born out of Papua as opposed to the US it boils down to the quality and extent of the education that's provided unless and until the government takes a pretty proactive view about this Indonesia can expect much beyond whatever it can do within the entrepreneurial spirit or domain now I think the role of government in Indonesia is changing because of its increasing economic pie but if we were to envision Indonesia being a knowledge based economy in the next 5 years don't think so I had this discussion last night and the nights before there's still an argument about the sanctities of contracts dispute resolutions and all the mechanisms that would be there to protect the downside of anybody's risk and make reference to the Wall Street the limited partners had very little skin on the game to the extent that they were so willing and ready to take so much risk as a result of which look what happened in 2008 I think a human being will be able to take on whatever risk as long as he or she is educated as long as he or she knows that there's a downside protection the fact is in Indonesia the spending on R&D is a mere 0.07% of its GDP as compared to any other modernization or modernizing nation which is spending already 1% of its GDP on R&D we're not there yet in Singapore if you put up an ad that would promote Singapore whether it's entitled uniquely Singapore or come to Singapore they get double tax deductible when I talk about this in the cabinet some don't get it and imagine what it would take for me to try to promote to the government tomorrow we're going to try to promote Bloomberg to open their headquarter office in Jakarta if we were to want to do that we've got to at least try to replicate what the Singaporeans did by virtue of taking a fiscal view on things giving fiscal incentives so that the Bloombergs the price waterhouse of the world the earns and yangs of the world don't have to pay taxes so that they can base their headquarter in Jakarta or whatever will this happen today? no but will this happen in my lifetime absolutely beyond the shadow without in defense of Singapore it's not just about tax incentives it's also about human capital to the floor what would you like to see change in the education system Anybody? I'll start I think the changes that are necessary from a business perspective need to be done in a collaborative basis and there needs to be more engagement with the business community and how curriculums are being put together to prepare students for the future and I think that's number one and I think historically business has not been as engaged as they need to be ensuring the perspectives on what kind of skills what kind of opportunities are out there so that curriculums can be relevant and updated so that would be number one in my mind I think number two creating an environment at the university level that really promotes flexibility and adaptability and I think historically there has been too much structure in the curriculum itself and I think that prepares future employees with their own mindset that they need to be much more adaptable they need to be much more accommodating to an environment that's going to have a lot more change a lot more volatility and I think that would be useful to get students better prepared for business Sarah? Dennis is saying for the younger children what we're talking about is introducing into the curriculum life skills we need to have strong financial education programs and business management programs and understanding and being built within the children that I may very well be an entrepreneur but that's a very likely outcome for me and here are some of the skills and things that I need to be thinking about as I grow into my future self my entrepreneurial self a second thing adult education the US is known for its community colleges and for the ease with which adults can go in take a quick course leave at any time of their life and it's not always degree oriented it's about just continuous learning this is what we also need to see in Asia across all countries of course just an ability for individuals particularly potential entrepreneurs to stop in and learn a little bit more about how to advance, how to develop their technology how to develop a business plan how to think about HR, how to think about scaling Sehat and Kojima, can I involve the audience for us and then we'll come back to you, Kojima-san quick one these are the important things and the business person and the school should communicate to each other and therefore there is some other business person like our company's person who go to the middle school or high school to teach something what business society is doing then students are very much interested in rather than the teacher's speech Sehat maybe I read a bit, quick one so I think what's a lot of times missing when I see certain countries one areas that I think could be very important for Indonesia is to focus on creating more technical schools like high school technical schools to create more job if we want to focus on manufacturing some of these technical schools need to be emphasized yes it's important we need to have also more of the university oriented schools but then we also need to have the university staffs of jobs to be available we need to have universities maybe make the university to be more research oriented types but that requires funding from the government there's a lot of things that needs to be done but that's only going to benefit a small percentage of the populations whether we are ready to do that I don't know because we're not necessarily like we have a lot of money to solve all the problems in the world so I think the manufacturing we're studying a little bit of the maybe on research oriented just a token change to start to get a feeling how this thing will work but more on the money on creating more technical schools middle technical schools will be important very good this is a great panel I know I saw hands popping up could we have the mic please just short intro and then get to the question my name is Vikas Bota schools all over the world so it's quite apt in terms of what's being discussed today on education there's two things we need to focus on firstly is the statistics cited by UNESCO universal access to education has nearly been achieved in this region so there's not that many more kids out of school the real issue I suppose is in the quality of education issue I know statistics for example in India where I think Gita you mentioned so many entrepreneurs so many PhDs come out of India but the real issue is in terms of 50% of kids in urban India still cannot read or write and I would probably guess it's not too different in this region so when you're looking at building an economy when you're looking at building economic progress the issue on the quality of education is important as to human capital actually the CEO's agenda and them being responsible for it thank you very much so do you have a question, it's a comment no it's a comment okay Gita wants to comment on it while we bring the mic over to that gentleman Gita Gora Gita, you comment first here's the challenge okay I think on a primary and secondary there's much less of an issue as opposed to the plumbers the polytechnics and the tertiuris where we have much more of an issue but here's the challenge for Indonesia in the next 5, 10, 15 years you know at the rate coal is selling at 60, 70 80, 90 100, sometimes $150 depending on the calorific value of it if my kid tomorrow wants to be a businessman he's going to be so seduced to want to be a coal trader even when I pound his head every day, every minute for him to be the next Bill Gates when he knows for a fact that the government ain't doing anything about providing fiscal incentives you know for anybody to do research and development for anybody in Indonesia to get much more educated so that for anybody to make sure framework within which we work from a legal standpoint is a safe runway and I think the future of Indonesia will be pretty full of questions or question marks rather I think sooner rather than later the government has got to take a strategic and a tactical view in terms of making sure that risk-taking is not just about doing the old norm and the new norm I think has got to be innovating pioneering and what have you and that dovetails back to how we're approaching education from the very lowest level and how the government is able and ready to basically provide incentives and also disincentives as for us to shape the behavior of our citizens Singapore has done that fantastically China has done that or started doing that fantastically I think we could learn the other thing is we're not like the Indians the Indians like to show their chest out they like to take risks and they're equipped with the education Indonesians in general I think are willing and ready to take risks but you know if we know ten things we may only want to sound out three things that's I think part of the nature of Indonesians and I think we can help with that much more easily than the former issues that we talked about Thank you Padita, the question from there My name is Tuas Tambunan from the Center for Industry and Small Medium Enterprise Studies Trisakti I'd like to have your opinion we know that entrepreneurs are in all sectors in agriculture, in mining, in industry but in Indonesia there are more and more traders and distributors than industrialists even in the last ten years, more and more Indonesians like to do franchising businesses than to open innovative based businesses maybe from Singapore a small county it doesn't matter, there's no wrong with that but for Indonesia as a big country from the long term economic development in my opinion there is a kind of negative side of the direction of entrepreneurship development, I'm still working on to find the answer or what are the main factors that create this development The answer is coming we have ever since eight months ago we introduced the idea of incentivizing people to do anything that's value additive and that includes the promulgation of government regulation number 62 which basically gives a tax incentive you get a tax credit up to 30% of your investment value which will be amortizable over six years it's a breakthrough ever since the World Bank told us 25 years ago not to take fiscal views on a lot of things we've gotten so dogmatic with so many of these status quo view taking and the other revolutionary thing I think is the tax holiday which we've been able to basically break the ice with the government regulation was signed in December last year after 25 years of not being able to break the ice and this will be basically given to anybody that wants to manufacture large equipments or heavy equipments or steel making capabilities or refining capacities anything that would be job creating on a large scale basis anything that would be innovative or pioneering I think we can get this right I think we can start talking about getting somebody to build microchips in Indonesia Great Questions for the lady from KO I think we have a mic there and then the gentleman Go on Nina Thank you very much My name is Yoko Ishigura We often hear about this need for the dialogue between business schools and the government and multistakeholder solutions and I think that's what's needed we often talk about it but at the same time for the new industry such as IT I think the business can play a significant role particularly for the international migration because we have as Dennis mentioned we have this big shortage of skills or the gap in skills and talent when it comes to the established industries I think the challenge is there because we tend to think what the status quo when in fact we need much more new skills and what would be the role of the government in that sector when each country is facing this high unemployment rate first of all and second of all if we leave the new industries to businesses I think they can take care of it the international migration and so forth but what would be the role of the business and make sure that the government will take some actions to renew the curriculum at the educational institutions and make sure that the newly required skills are going to be developed over the long run Thank you I'm going to pass this question to Kojima you have about 27 foreigners 27 nationalities in the company and yet Japan has high unemployment so how do you justify that migration of foreign talent into the country yes maybe that question is the different country by country and what say in my case we have a 200 offices in 80 countries throughout the world and also our company involved in all industries from the upstream to the downstream used to be a trading company now we are investment company and we will second the people to those investment company and let them manage the company itself therefore some of the company is so-called entrepreneurship type of small company but the important thing is the mother company our company have to look after those company and the management to educate the management level of people and besides we purposely to exchange our say employee from India to Singapore or from Thailand to Indonesia and these kind of things it's very important and to exchange and sometimes the culture itself is different but we like to make our company more global and we like to open the country in Japan to outside in that sense human research have to exchange each other that's basically very important then the company itself is very much prepared to support this kind of systems and for PWC it's a huge challenge doing this cross country migration Dennis you find that governments are very much in favor of this I think it's a huge challenge it's one of the biggest issues we have to deal with in terms of our business is much more global today than it ever has been and you go 5 years down the road it'll even be more so and so the portability of our people across border where it's easy to move without restrictions there's a lot of good dialogue and discussion taking place around how to solve that in particular in Europe for example there's really robust conversations taking place today in terms of how different people from different parts of Europe can move from one country to another without restrictions and we would welcome that I think that is the sign of business, government and others working together in a collaborative way and that's what's really necessary I'd like to go back to the question which is how can business help I think there's a challenge here which is how do you create forums between business between educational institutions and governments to work in a very collaborative way to get these issues out on the table I think historically they've been addressed in a very siloed way and the more we can level set this to bring the key constituents to the debate to solve some of these problems is a way to at least get the conversation started and I think I would certainly encourage that type of approach Would you have a say with the Ministry of Education, Pak Gita? Oh yeah, I continuously have discussions with the Ministry of Education I think what we're doing right now is to ensure that there's a synchronization of views between ourselves and themselves and also to make sure that there's a synchronization between what we're going to need in the next 5 to 10 years from an industrialization our need to industrialize ourselves and to make sure that the primary secondary, non-tertiary and tertiary will be supportive of that we're not in a knowledge economy zone yet but if we get this thing right and so far I think the ball is not about direction it's about the speed at which we're moving in that right direction and I think you know that tipping point is near Last question from the gentleman before we round up Wolfgang Lehmacher from CVA I would like to have the view of the panel on corporate universities and maybe one of the panelists can provide some statistics on the migration of talent Anybody? Corporate university Well, in Singapore's case we have actually incentivized many of our corporates to set up a human capital and leadership center within their organization and I think the reason is very clear Singapore we are not manufacturing we have 30% of our GDP so we incentivize people to want to set up a human capital resource center to grow the talent for the region so we do give a lot of incentives when you do invest in setting up a corporate university within the country I just want to do a bit of a commercial here for Indonesia the best investment you can make for all of you corporates is to sponsor as many government officials as possible for their own further education you got to make sure that they think the way you do but we're going to have to need many many more on the government side to be able to think the way you do to be able to see the world you do and that's important for us to be able to sit down and have a proper constructive dialogue about where we need to go I happen to talk to some people in the University of Berkeley about where do they get that's going to higher level degree like the PhD degrees actually to my surprise a lot of those PhD degree candidates when I say a lot it's more than 50% foreigners so there seems to be a huge brain drain from the developing world to the developed world okay so this is something that could be a challenge in the developing world if those top talents still continue to go to the to the developed world final round Robin we start with Dennis to take this conversation forward to bring about this unleashing of the entrepreneurial potential within all the people and all the talent in Asia and you think we should get going immediately I would use one word here globalization in other words is no longer acceptable just to think about the challenges and issues in a given country because the issues you're really facing and trying to deal with you're competing globally for talent you're competing globally for capital and therefore how that stacks up vis-a-vis the best in class around the world I think is really critical but you ought to be benchmarking yourself against thank you Sarah okay we have to think we have to continue thinking about moving beyond micro finance and micro enterprise really to build economies to end poverty to find employment for people we need to fuel entrepreneurship and that's going to start at the bottom at the grassroots we need to move people up from micro enterprise into the small business category that's done with creative financing and it's done with supporting organizations like AIDA that are working to provide the human capital skills that will allow people to do that and Shilada-san yosu ni hironna kigyo hironna servis wo mita toki ni nani ga aru ka tuyukoto mikiyamereru ka yosu ni mada senjinkoku ga okonattele sanggyoga nani ga atte soko de nuketeru mono ga nani ga aru ka tuyukoto segar tak berbentuk cantik tak ada se인�ian tak How to answer that Saya rasa kita hanya perlu mencubanya untuk membuat perjalanan untuk orang-orang yang muda untuk mencubanya, untuk dapat mempunyai jalan untuk mereka berlainan. Ini mudah dikatakan, tapi saya tahu ia lebih tinggi. Saya akan berkata bahawa membuat perjalanan untuk membuat peluang yang lebih muda untuk orang-orang dapat melihat untuk menjadi baik untuk seluruh hidup mereka. Bagaimana kita mencubanya kepada beberapa peluang yang lebih besar untuk membuat peluang yang lebih besar untuk membuat perjalanan untuk orang-orang untuk mendapatkan ke Indonesia? Mungkin kita perlu melakukan kerja itu. Terima kasih. dan generasi muda yang lebih mudah di Jepang terutamanya diperlukan oleh internet dan telefon mobil dan permainan dan ini adalah masalah yang tak ada peluang untuk menghidupi keadaan sehingga perkara penting tetapi juga bagus untuk keberikanan mereka dapat menghidupi orang tersebut menghidupi keadaan dengan mudah tetapi perkara penting adalah kegerakan keadaan dan juga perkara tersebut pembagi-pembagi keadaan itu adalah perkara yang sangat penting dan perkara itu orang tersebut tidak tahu apa yang berlaku dalam generasi muda dan kemungkinan antara orang tersebut dan generasi muda juga sangat penting generasi muda dapat mempunyai peluang tetapi orang tersebut hanya dapat mempunyai perkara yang sangat penting Apa yang mereka buat, apa yang mereka ingin. Dan keadaan ini sangat penting dari sekarang. Bagus. Mereka berharap kerana Kojima-san adalah muda di kawasan. Baiklah. Dan bagita. Saya melihat jenis gula untuk Indonesia. Dan keadaan tentang Indonesia adalah demografi. Mereka bercakap tentang populasi yang berjaya. Kita ada yang sama dengan itu. Dan perkara yang baik adalah kita suka membuatkannya. Dan kerana itu, kita akan dapat membuatkan profil demografi kita. Profil demografi yang berjaya selama 10-15 tahun. Saya rasa ini akan sangat hebat. Dan saya rasa keadaan keadaan yang berjaya untuk Indonesia, dalam cara yang baik, adalah untuk kita dapat mengambil pasukan segera fiskal, keadaan strategis dan taktik, supaya kita dapat mempunyai keadaan kita dalam keadaan yang berjaya dan yang lebih baik. Terima kasih. Terima kasih, bagi bagi kita. Tolong berterima kasih kepada panel ini untuk saya dan untuk kerja yang hebat.