Horasis Asia Meeting

Horasis Asia was held on November 30 with participation from four hundred foremost political and business leaders in Asia and globally. Against the backdrop of the economic fallout of the present pandemic, in depth discussions were held to formulate, actionable, collaborative plans to tackle the Region most pressing challenges.

In attendance were Fabrizo Hochschild, Under-Secretary General and Special Advisor of the United Nations; Shahriar Alam, Minster of State for Foreign Affairs, Bangladesh; Ramon Lopez, Secretary of Trade and Industry, The Philippines; Nitin Gadkari, Minister of Road Transport & Highways, Shipping and SMEs, India; Christopher Hui, Secretary for Financial Services and the Treasury, Hong Kong SAR.

Our President Director Alan Lau was invited to present on “Equitable Development in SE Asia”.

Equitable Development in SE Asia

“… In my view Equitable Development means Inclusive Development leaving no one behind. The objective of Equitable Development is to promote and enhance Inclusive Growth to achieve Inclusive Prosperity…”. Regardless of the stages of development, economic wealth, income level and infrastructure of the member Nations, to achieve Equitable Development four fundamentals need to be present.

  1. Community Resilience. In times of disaster, communal efforts have proven on numerous occasions to act as a collective cohesive force to cushion against the impact of the disaster and contribute significantly to post disaster recovery.
  2. Self Sufficiency besides Food Security also include optimal utilizationof local resources, lessen dependence on imports and mitigate against foreign exchange risks “In times of trade and geo-political strive currency is often use as a tool for manipulation”
  3. Well-structured Distribution System from Federal to Provincial, to District and Villages, including remote communities.
  4. Establishing a Funding Mechanism for Community where community can be involved in long-term infrastructure projects. Commitment of revenue stream on long term basis allows for sustainable social and economic development at grassroots level. Alan concluded that the present global crisis has highlighted serious flaws in the our approach to economic development and in Capitalism.

For full session see video link

Panel: What’s the future of LNG project financing post-COVID 19?

Our President Director was invited to present his views on this topic. Alan raises the question in times of crisis when budgets are stressed, should major LNG Infrastructure projects be scaled-down for affordability? Small scale LNG offers accessibility and connectivity via virtual pipeline to wider regions to promote domestic growth and clean energy. Financing for SSLNG projects requires creditworthiness of off-takers and mitigation of counter-party risks and can be a challenge in itself to underwrite municipal and end customer’s risks. In conclusion, Alan sees blended finance as a tool to be utilized, as public sector and municipalbudgets can be leveraged by private investors funds to accelerate development of small-scale LNG projects. Most countries in Asia increasingly prefer payments in local currencies hence bilateral swaps arrangements and hedging costs needs to competitive for future project financing.

Panel: LNG small-scale in APAC

Our President Director Alan Lau moderated a session in Small Scale LNG in APAC, with Rakhmad Dewanto, Secretary General of Indonesia Gas Society and Paramate Hoisungwan, Manager International Business Strategy and Development of PTT Thailand. In-depth discussions on small scale LNG development via virtual pipeline promoting greater accessibility and connectivity to regional cities, towns and industries, coastal and up-river communities, Obstacles, issues and solutions were discussed to utilize small scale LNG vessels, barges, low draught floating storage solutions, jetty-less terminals, gravity based structures for LNG transportation and distribution to regional and remote end-users.

Horasis Extraordinary Meeting

Horasis is a global visions community committed to inspiring our future by providing a unique meeting platform for several heads of governments, key ministers, organizations and companies from emerging and developed markets.  The aim of Horasis Worldwide Meetings is to discuss and advance interdisciplinary solutions to the most critical challenges facing governments and corporations today.

Our President Director Alan Lau was invited to present at the Horasis Extraordinary Meeting 1 st Oct, held along the side-line of the United Nations General Assembly UNGA75. This meeting was officiated by the Secretary-General of the United Nations His Excellency António Guterres and Chaired by Frank-Jurgen Richter, Chairman and Founder of Horasis.

Introductory Comments

Our President Director Alan Lau highlights the need for a more inclusive PPP model for development of infrastructure projects.

Catalysing Capitalism Through Public-Private Partnerships

Alan presented his views on the need to have a more inclusive PPP model for development of infrastructure projects. The present emphasis on Value of Money for PPP project greenlight decision does not enhance Inclusive Prosperity, hence an approach to incorporate community values and community participation in long-term PPP projects is required leaving no one behind. A bottom up approach in initiating community projects by itself is insufficient as political will and inclusive fiscal policies are needed for a new PPP model to be sustainable. This can be achieved through incorporation of a national social foundation, village or community trusts to receive proceeds from infrastructure projects and to allocate and distribute funds to regions and communities that need assistance and development most. This vehicle shall be a stakeholder and shall benefit from long-term revenue streams derived from implementation of social and economic PPP projects throughout the project life-cycle. A framework is hence required, supported by revenue distribution and oversight mechanism to the poorest provinces, villages and remote communities to improve basic infrastructure and quality of life. Focusing on community and human development as core objectives will catalyse Capitalism as currently practiced, towards a more social, humanistic, resilient and sustainable system for inclusive development.

For full session see video link

Catalysing Capitalism Through Public-Private Partnerships
Chaired by: Peter McGill, Contributing Editor, The Banker, United Kingdom

  • Teresa Ribeiro, Secretary of State of Foreign Affairs and Cooperation, Portugal
  • Viljar Lubi, Vice Minister of Economic Affairs and Communications, Estonia
  • Alan Lau, President, Anglo Euro Energi Indonesia, Indonesia
  • Nico Anten, Executive Chairman, Connekt, The Netherlands
  • Peter Lazou, Founding Member, Otherdots Foundation, United Kingdom
Meeting with UNECE & UNESCAP (20 May 2020) on Methane Emission Abatement and Decarbonisation Projects in Indonesia.
Future Energy Asia Conference and Exhibition, Bangkok, Thailand, 12-14 February 2020.