 Your Excellencies, distinguished guests, dear friends, good afternoon and welcome to the closing session of the 26th World Economic Forum on ASEAN, where the co-chairs have joined me to discuss their key takeaways from the discussions of the last few days. By way of introduction to my immediate left here is President Chin, President of the Asian Infrastructure Investment Bank from China. To his left is Hui Ling, co-founder of Grab, Southeast Asia's leading on-demand mobile platform. To her left is Wolfgang Jaman, Secretary General and Chief Executive Officer of Care International, one of the world's leading humanitarian organizations. Kuntaven, Chief Executive Officer, PTT from Thailand. And John Rice, Vice Chairman, General Electric. Thank you all for joining us today. So, we've spent a few days at this meeting, and the theme of the meeting is youth technology and growth, securing ASEAN's digital and demographic dividend. The discussions span many different topics, but across three different major areas. ASEAN in the new global context, ASEAN in the connectivity agenda, and ASEAN in the youth agenda. We talked about youth quite a bit, and although ASEAN is turning 50 this year, the population is extremely young, in fact the youngest I believe in Asia, and only one in six ASEAN citizens was even alive when the block was formed. So, not only does the region abound with youth, but it's also benefited greatly from the rapid growth of the digital economy and the access to internet. We had deliberations on many different topics, from infrastructure, power, education, jobs, connectivity, trade, and also how the region can actually harness the potential of the young demographic and the transformative impact of the fourth industrial revolution. The forum is also very pleased that this time, for the first time, we were able to have an opportunity to interact with over 2,500 students, Cambodian students at the open forum to debate the critical issues that will shape the Asian or ASEAN dream. And obviously these individuals will be pretty key to what the future has to bring. So it was a special opportunity and we are pleased to report that the session was actually viewed live by over 120,000 people and it was shared more than 1,800 times and generated over 2,700 comments on the forum's Facebook page. So that's always helpful when you're talking to young people that tends to happen. But coming back to the co-chairs here and their key takeaways, I would like to ask each of you to take a few minutes to share with us. As you reflect on the key learnings and insights from the last few days, what do you feel is the most important and possibly urgent priority to secure that digital and demographic dividend that we've been talking about? So I might start here with President Shin. Thank you very much. We in AIIB are very much supportive of the economic and social progress in ASEAN countries and we have a pretty big team attending this meeting. As a multilateral development finance institution with ASEAN countries as a group of the first countries joining in setting up this bank, we are very proud of the ASEAN countries' strong support for a new multilateral development bank. Our job is to work with you and to promote investment in infrastructure and other productive sectors. The priority for this region, in my view, is the continued commitment to the development around the themes of use, technology and growth, which is, I think, very much fitting for this region. And the infrastructure investment is very much important because it paves a path for sustained growth. But we highlight the importance of having smart infrastructure, which means infrastructure is built, designed in a smart way and operated in a smart way. I believe a balanced approach to infrastructure development alongside the social objectives will bring ASEAN countries to the next stage of development and I echo the leaders' dreams in this region. You will be moving quickly into middle-income countries, even high-income countries. Thank you. Thank you. Yuling, you know, I have to ask you whether about what you might think about the region becoming a key hub for new entrepreneurial efforts sort of based on your key takeaways and what you might also, based on some of these key takeaways, think about as opportunities for other players who may come to bear. Yeah, so I think everything that I've heard over the past two, three days shows one shared thing, which is there is a significant ton of opportunity and there is a significant ton of optimism on what we can do and that what we have been doing is in the right direction. What we need to do is continue evolving and emphasizing that growth. In terms of your specific question of what the future looks like for technology, young startups, how we can shape that, I think that's completely in line with my takeaways from one of the key priorities. My point of view, of course, as the representative of the youth and the technology sector is to understand that we all have a different role in part to play. I think I was very fortunate to sit in some conversations where I realized that there's so many different factors that lead into the growth on evolution of ASEAN, the countries, whether it's geopolitical, whether it's around security, whether it's around trade. These are all very important questions and I trust that the many leaders that we have have these discussions in good hands. But when I think about what individuals like myself can do, what Grab can do, what the people that we are hiring can continue to do, I think about, hey, what is the future of Southeast Asia going to look like and how do we think it should be evolving? Each of us need to understand that we equally hold the future of ASEAN in our hands and we should be actively shaping it. I don't have any specifics of what everybody should be doing but what I would love to do if I can encourage my fellow younger generation and millennials to do is to understand that there is a ton of openness and a lot of folks are asking us to play a bigger role and we should. It's a great opportunity and we should leverage it. The most important thing is beyond discussions we should go and take action and that's what I hope to continue doing for the next year to 50. Thank you. Wolfgang, you certainly bring the Civil Society voice to this panel and to the meeting. What from your standpoint are the key priorities? Well, thanks for the opportunity to attend. I think a very exciting two and a half days. I've been quite inspired by the diversity of perspectives, opinions, views and of course the opportunities that come with that diversity and I hope that this diversity kind of comes together to a picture, the pieces of a puzzle. Now, when I look at maybe an overriding narrative that I heard and which is slightly different probably from some of the other regional summits or even the annual summit of the WEF, the World Economic Forum, there's been a lot of focus on economic prosperity, on the dividend, on the growth opportunities and, you know, no surprise, this is a potent region but the second part of the narrative of course was inclusivity and the Honorable Prime Minister talked about it yesterday and we had a lot of people and various panels used that word, inclusive growth, inclusivity but maybe one of the shortcomings is that we're not very concrete about what we mean and I think it's a great term and to translate that into what one of the colleagues from Tata said yesterday is the business of business is beyond business so we have a wider ambition and how is that ambition going to translate into reaching those who run into the trouble of being left behind? So inclusivity must not just stop at connecting rural areas or reaching the underserved or the underbanked, we have to have a bigger ambition, we have to have an ambition to reach those who are really marginalised and from the perspective of care, you know, there are many women in particular who are under very, very fragile and difficult work situations, labour situations, subject to all kind of hazards including gender-based violence but we've also heard from other countries, you know, the struggles that ethnic and other minorities have in terms of being included in the opportunities of this region so my plea would be to be more ambitious when it comes to inclusivity and to be more specific because we want to improve not just the state of the world as the World Economic Forum is saying but also the state of the entire region. Thank you. Kuntaven, you represent a key economy within the ASEAN region and of course the region has embarked on the new economic integration so with that in view and perspective what would you prioritise as important elements for ASEAN to focus on? Thank you. I'd just like to reflect on the session mainly on energy first and then I'll go to the youth and technology later on but on the energy, it seems to be in the mode of the transition from the old economy into innovation from molecules supplying to the internal combustion engine into the electrons going into electric cars and solar power so allow me to use a few words, key words that were used in the field session I think we talk about the holy grail of energy security which comprises three factors the affordability, the accessibility and also the sustainability of energy would be key to fuel the growth of ASEAN ideal energy, we discussed a little bit about what would be the appropriate energy mix between the fossil fuel and all the renewable or alternative energies and so we started looking at the ideal energy characteristics and the ideal characteristic would be you need to have abundance of that energy it has to be cheap, affordable it has to be safe for the users, for the consumers also it has to be pollution free or minimum impact on the environment and also it has to provide the continuity and dependable so all these are ideal factors, five factors because you're not going to get all of these five from one single energy source so sometimes you have to trade off among these and it depends on each individual economy or countries to look into their own stocks whether they have available resources whether they have technology or infrastructure which would allow them to select a proper energy mix portfolio of their own countries but in any case one of the key themes of the energy would be the connectivity and that would enable the country among ASEAN to develop each other in providing that holy grail of energy security to each other so the connectivity would be the key now to support the connectivity and as well as to support the direction of energy mix the government need to look into the available resources technology and infrastructure and so on and come up with a certain policy and regulations that would be a driver to go to that energy mix that would be desirable and optimum for that country so the regulatory would need to be the enablers and not the obstacles in development of the energy and especially for the connectivity we talk about cross-border regulatory so far it seems to be one of the obstacles because the cross-flow of energy through the boundary so far it's been a challenge because of the regulatory in each country would not allow or permit that to do that very effectively just a quick touch on the use and technology several of the sessions went through the skills and education required for the new generation in order to keep up with the technology with the artificial intelligence and the disruptive technology that is being developed and it seems like the traditional education would need to be reviewed and revised into innovative education the cognitive ability would be something that the artificial intelligence may require some time to catch up with humans single skill may have to be changed into multiple skill for developing our young generation and as well as in the formal education we need to provide the environment ecosystem for our young generation to think rather than to know because now you can search anything in the Google so thank you very much Thank you and John from your perspective you of course bring in both a global and a regional view to this so I'm curious to hear your key takeaways well thank you very much and excellencies thank you for allowing us all to have the opportunity to be here you know I think about this past two days and our experience more broadly in ASEAN and around the world I think about two words progress and opportunity the fact that we're here in Phnom Penh is a reflection of the tremendous progress that's been made over the past few decades when I look at ASEAN in the 50th year I think about progress tremendous progress really in every country and that leads us to a world full of opportunities you know there is no region in my view in the world that has better opportunities than the ASEAN region but it doesn't come without some challenge and it doesn't come without the need to address some very fundamental requirements we won't be successful in capitalizing or realizing those opportunities unless we provide for sustainable economic growth inclusive so that everybody benefits from the rising tide in an increasingly digital world it's so easy for people to compare what they have with what others have and when they don't like the comparison they have lots of different ways to voice their displeasure that affects countries and it affects companies so this idea that there must be sustainable inclusive growth really is much more than an idea it is an imperative so we have to create the jobs but we have to create the jobs for the 21st century a more digital world not the jobs for the 20th century or the 19th century and these have to be jobs that can exist in a world that doesn't always recognize the importance of globalization or global trade so one of the things and it's been a theme in a number of the discussions that I've been involved in over the last couple of days is how do you fight back in a world that thinks globalization has become a bad word there's no region that has benefited more from inter-regional interactions than ASEAN the progress in these countries has occurred because there's collaboration, connection and trade that goes back and forth not just within the region but more broadly we have to make sure that people don't forget about that the other point that we talked about yesterday was the importance of ensuring that borders don't become barriers but become points of connection where electrons and molecules can flow back and forth freely so that everybody can take advantage of the lowest cost sources of energy and the energy security that comes with that but for me the last couple of days is really all about the opportunity and the challenge that we all have to make sure that together we can realize that opportunity Thank you John You know you talked about progress and actually the progress for this region for this block has been tremendous ASEAN's economy is today the seventh largest economy if it was a country by itself the population is the third largest population it has been the fastest growing right now and for a few years it's also had some stability which is really quite impressive and very desirable growing consumer market growing consumers and growing consumer capacity so in a way quite powerful economic block and with huge potentials ahead so maybe what we could focus on now would be what do we feel is the what would be your vision for ASEAN to really help it achieve its potential and if I might ask the panelists because we always talk about somebody doing something but maybe I would like to ask each panelist on what you might do over the next 12 months or years so when we come back and meet again at the next World Economic Forum meeting here in the region what kind of progress you might be able to demonstrate or share with us so first your broader vision and second what you might do over the next year and I hope that that will also then serve as an inspiration for others in the audience please Thank you very much I think the vision for the ASEAN countries for the next decade or decades is to have really an integrated economy which could be achieving the most economic gains for its people now the fundamental guarantee for realizing such a dream is what I'm very much impressed with is the commitment of the leaders to building such an integrated economy and over the last couple of days I'm strongly struck by the consensus of the leaders about this dream and I hope this kind of consensus the teamwork spirit will be carried forward by the younger generation I do believe the future for the ASEAN countries is very bright you have enjoyed faster growth economic growth and social progress over the last decades on the basis of political and economic stability this is something you should maintain and I believe in the digital world there are lots of challenges but I do believe digital technology would help bring your economy to a high level so this is my... your dream is also the dream of the ASEAN infrastructure investment bank this is a multilateral institution this is your bank and we are committed to provide strong support financially or technically to the infrastructure development in your region and we are very much committed to be working with not just the government but also the private sector I would like to encourage you to come to Jeju for the second annual meeting of AWIB from June the 2016 to 2018 there will be lots of people private sector people, think tanks as well as the government delegations I hope we can continue our discussion here in Jeju, thank you very much so we hope to have a few active projects next year not just a few, quite a lot okay that's great, we're going to be ambitious here you're in so when I think about what I foresee the future of Southeast Asia should be like and could be like a few words come to mind firstly, I would like us to be seen as a leader, a global leader and a global shaper right now when we think about Southeast Asia we think of ourselves as followers with huge opportunity and potential in the future I would like to see us fulfilled that potential I would like to see a day when global MNCs when they're prioritizing which regions to start growing into instead of looking at Southeast Asia as one of the last few on the bottom of the list it's the very top that to me is one of my big wishes the other from a more personal level when, you know, I used to study in my undergrad and postgrad in England and the States every time I hear someone ask hey where are you from and when I hear myself respond and my fellow Southeast Asians respond we usually say Malaysia, Thailand, Vietnam, Cambodia now we never say Southeast Asia I would like the day when someone else were to ask the same generations or the younger generations and we will equally say hey I'm Malaysian and I'm Southeast Asian so that's in terms of division in terms of commitment of personally what I commit to do for the next year and I said the next 50 as well it's the same thing that my co-founder Anthony and I committed to doing when we started Grab which is to help pave the way for Southeast Asia we've been 100% focused on Southeast Asia every single day people ask us to grow beyond and we say no there's no need to it because we don't want to and the opportunities here are humongous and the way we're thinking of doing it is via technology and via reinvesting back into the talent pool here so what I would like to do is to commit to continue doing that to commit to continue listening and learning from all of our great leaders here and to commit working with our fellow government leaders on how we can shape the future because we know today is not good enough we know what was done before should not define what was done in the future what we should do in the future so how do we look at that leapfrog future together where we are the leader rather than the follower great, Wolfgang thanks well my vision for the region is pretty simply the same that we all committed to two years ago when the nations of this world civil society and the corporate sector decided on the sustainable development goals and saying in progress and development we will leave no one behind and that's something that this region needs that's what we talk about when we mean inclusivity my organization will commit to play our role and I can mention two things that we are doing concretely and we will scale up and roll out and one is bridging the digital divide that is existing particularly with regard to young women and girls in this region and very exciting programs but they require scale up and the second commitment has to do with accountability that does come with the ambition to be inclusive so social accountability has to reach the communities right at the grassroots and we work with those communities and the governments both here in Cambodia and in other places and the social accountability that will be such a powerful tool to make sure that all these commitments that we have made don't stay rhetoric and again we will commit to working with governments and communities to do that we will also hopefully benefit from digitization because at the moment this is pretty basic work and for both those commitments we could benefit a lot from getting some of you as partners thank you thank you my organization PTT is the national company of Thailand we are part of the establishment called ASCO ASCEN Cooperation on Petroleum comprising of 10 organizations representing the oil and gas for the respective member of ASCEN so what we will do is to share the learning from this session from the forum and emphasize the importance of connectivity among the member of ASCO we will work on the several projects that would allow the different members in ASCEN to be able to exchange the flow of molecules and the flow of electrons cross-border so that we can have a better utilization of our infrastructure on energy together that would be the first part and the second part that we would be looking into is the technology development in order to go towards the ideal energy that we are looking for meaning that we have to work on the technology on decarbonization on decentralization of the infrastructure construction looking into the there are several keywords here I have to look at I think electrification turning fossil fuel into some of the electricity and then last but not least which would also please my colleagues here in ASCEN in part of the technology to help reduce our cost and improve our productivity so those are the things that I will be working with my colleagues in the ASCO and hopefully we will have some progress to report next year so our collective aspiration for sustainable inclusive growth has many ingredients but two principal ones are human capital and financial capital the financial capital comes from AIIB, other institutions and companies so I can commit to continue our efforts to make sure that we are seeking every opportunity we can find to invest in the ASEAN regions and the countries and create the jobs that are required for sustainable inclusive growth with respect to human capital it is not just the job creation it is making sure that people are trained and equipped to do their job in the 21st century we have capacity building programs underway in all of the ASEAN countries we can expand those efforts and do more capacity building and training and I will commit to ensure that we do that excellent we have a very committed panel here so I think that is really quite exciting in closing I would just like to reflect back on what was said here it does feel very strongly there is a high momentum a lot of positivity, a lot of optimism and really the potential for the region is substantial there is huge opportunity to continue to drive prosperity for the young dynamic and energetic population and of course embrace technological advancement already but I really appreciated the comment that I think the youth needs to take responsibility as well and responsibility for shaping that progress and then of course investment in infrastructure but not just investment but smart infrastructure transforming the education system a priority actually to equip the young people with 21st century jobs ensuring that jobs we have more jobs for the growing youth approaching projects with an intent to deliver social impact ensuring gender equality in the technology access and inclusiveness elements I heard about borders being connectors I think that is a really good concept to ensure that the region can truly operate in one economic market and really that requires also some level of consistency and the conversation around creating that around regulators and policy making to ensure that you can have borders really be connectors the concept of big ambition for inclusive growth energy security and then of course driving playing the region actually being a global leader and shaping the agenda being in a leadership role not just in a follower mode given the fast pace of growth that the region has experienced I think the region is very prime to be able to achieve that so the opportunity in closing I would say that tremendous future lies ahead for the region opportunities abound harness the potential and leapfrog ahead I would like to thank all of you the co-chairs here you have been working very hard for the last few days and really we are very grateful for your being such gracious ambassadors for the meeting for the region and for your commitment and leadership in your engagement with the forum as well so thank you very much for that I would now like to invite Phillip Rosler member of the managing board of the World Economic Forum to come to the stage to share with us the venue the host country for the next summit so Dear Prime Minister Hunsen Prime Minister Fouk Prime Minister Sisulit Dear co-chairs, excellencies ladies and gentlemen the Work and Work Forum on ASEAN 2017 unfortunately almost come to an end but before we can come to an end give me the opportunity to say thank you again thank you to our excellent co-chairs thank you for your guidance thank you for your leadership and thank you Sarita for great moderation and also thank you to the team of the World Economic Forum and all our friends thank you for coming up for great sessions and for sleepless nights and thank you to our original director Justin Wood they could only hard work because of truly great host Excellency Prime Minister Samdeich Teich Hunsen and your entire team thank you very much for great hospitality to ask you to join me on stage to say a few words of farewell and then I will announce the next host for 2018 but first I would like to invite Excellency Prime Minister Hunsen Mr. Lee Philippe talked already that the World Economic Forum on ASEAN come to an end with the success that we all together created and this also show the harmonization in the framework of ASEAN and that is the energy of the region I am very pleased with the invitation with the participation from friends that come to the capital of the Kingdom of Cambodia in order to take part with us and this show that at this time we have been working as a team in the framework of ASEAN as well as in the preparation with the participation from all the participants in this big forum and I hope that this World Economic Forum will become an important forum in order to obstruct the policies of protectionism and will also increase the spirit of integration as well as globalization thank you to all participants who have been trying hard and provided giving the honours to Cambodia to be the host my best wishes to Excellency Prime Minister and gentlemen I mean happiness and progress it is my own pleasure to announce that the next ASEAN Summit 2018 will go to Vietnam and therefore I would like to join us to join Prime Minister Phuc Prime Minister Phuc Excellency Prime Minister Hoon Sen Prime Minister Sulith Mr Philip Rosler ladies and gentlemen first of all I would like to extend my warmest congratulations to to the host of ASEAN 2017 I believe you have had a very successful forum with many address that help ASEAN proceed further in economics Vietnam in 2010 already hosted the WEF ASEAN and we have learned some experience from hosting such an event and today in the Kingdom of Cambodia WEF ASEAN 2017 has been a success it is a privilege for us to host WEF ASEAN 2018 this is a testament to the strong partnership between Vietnam and WEF as well as between Vietnam and the international business community I am convinced that with the support and close cooperation of WEF governments and the international business community WEF ASEAN 2018 in Vietnam will be a success contributing greatly to pushing dialogues and the PPP for a peaceful and stable region and for dynamic and sustainable development of the region once again I would like to express my sincere thanks to Prime Minister Hoon Sen the Royal Government and people of Cambodia Mr Philip and his team as well as all of you for your support for Vietnam and specially thanks to Prime Minister of Laos our dear friend who has been with us since the beginning I am looking forward to welcoming Prime Minister Hoon Sen Prime Minister Sinsulit and other leaders of ASEAN and Mr Philip to the WEF ASEAN 2018 in Vietnam Thank you very much Thank you Your Excellency for your remarks The World Economic Forum really looks forward to hosting the 2018 Summit on ASEAN in Vietnam Ladies and gentlemen maybe I can ask you to one more time thank our co-chairs who have been patiently sitting here for their contributions for the last few days I now officially declare the 2017 World Economic Forum on ASEAN meeting closed We look forward to welcoming all of you next year in Vietnam Thank you