Clear pathways to growth and prosperity in Asia amid global uncertainty: OCBC's deputy CEO

While the world is facing a landscape marked by geopolitical tensions, trade barriers and technological bifurcation, there are several clear pathways to growth and prosperity, with Asia being central to that journey.

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Making this point on Oct 9 was OCBC deputy chief executive officer Tan Teck Long, as he painted a picture of how the economic environment and financial markets have been impacted by US President Donald Trump's sweeping “Liberation Day” tariff measures that were announced in April.

“Fast forward to today, the fog hasn’t quite lifted. Tariff negotiations remain unresolved, and the ripple effects of a shifting global trade order are still unfolding,” he said on the second and final day of the Asia Future Summit at The Ritz-Carlton, Millenia Singapore hotel.

Addressing an audience that included Coordinating Minister for National Security and Minister for Home Affairs K. Shanmugam, Mr Tan said the “golden era of globalisation” can feel like a distant memory at times.

Even so, Mr Tan offered some reasons for governments and businesses to be optimistic in the months ahead.

“If the earlier era was an economic spring, are we now heading into a gloomy winter? Or could it be a bright summer instead?” he said.