8:30 am - 9:00 am

Registration


9:00 am - 9:10 am

Opening Performance (Misi Bagi Bangsa - Batam)


9:10 am - 9:15 am

Welcome


9:15 am - 9:35 am

Second Day Keynote Address:

Turning the Poverty Pyramid on its Head

The Acton Institute’s Poverty Inc. is a full-length documentary about the fatally flawed poverty industry. Despite largely good intentions, billions and billions of dollars of aid have not helped the poor. What the rest of the world needs to climb out of poverty are things we take for granted in the industrialized world: the rule of law, private property, and opportunities for entrepreneurship. As Mauren points out, “Nobody wants to stay poor and depend on other people. People have talents and abilities and they want to do for themselves. Many people are just excluded from the natural order of things and from the economy.”

Does this mean we discourage giving? No, it means that we transform our giving because the current paradigm doesn't work. Let's take the case of a Rwandan egg farmer in Poverty Inc. He was just getting his business started when a well-meaning American church decided to send free eggs to his starving countrymen. Overnight, the local entrepreneur found himself unable to sell his own goods in the market, and though locals benefited for a short time, when the church turned its philanthropic attention elsewhere, it had driven the farmer out of business and inadvertently crippled the local egg economy.

Kris Mauren, President & Co-Founder, Acton Institute


9:35 am - 10:35 am

Third Plenary:

Why has Blended Finance and other Social Finance tools hit a brickwall?

What went wrong? Blended finance and other social finance tools have been all the rage in development finance circles for a while now. However, these tools have struggled to gain traction, while its promise to fill the financing gap has not materialised. Was the dream too good to be true? For the most part, these tools have been designed with the assumption of using philanthropic capital to mitigate risk for the private investors, on the premise of drawing in their capital. However, from the philanthropist's point of view, their capital should not be use to de-risk the investment for the private investor. The instrument has been designed based on the generosity of the philanthropist, instead of addressing the values of the private investor. Even first-loss capital is not so straightforward, because while all possible gains are shared, the losses are carried by the philanthropist. Perhaps relying on philanthropic funds to mobilize private capital flows is not our fairytale ending after all? Could these instruments be redesigned to be more equitable for all parties?   

Timothy Wong, Managing Director, Head, Group Research & Strategy, DBS

Divya Patel, CEO, Ishk Tolaram Foundation

Tim Ong, Venture Partner, Eagle Venture Fund Asia

Moderator:

Cherine Fok, Partner, Head of Our Impact Plan, KPMG Singapore


10:35 am - 10:55 am

Morning tea break


10:55 am - 11:55 am

Fourth Plenary:

Food Security and Sustainable Livelihoods

With urbanization, climate change, and a decline in usable land for farming, small scale agriculture in an urban context might be our answer for future food security and sustainability. In particular, regenerative urban farming that shifts from a linear to a circular economy, and builds natural capital. Urban farms creates jobs within the local community, captures carbon, offers community engagement, and helps the environment as food travels a shorter distance. Why then has urban farms struggled to survive? As we change the way we produce food, the way we access it should also change correspondingly, ie: our business model. Since these urban farms are now within our community, perhaps consumers can buy direct, instead of going through a retailer? This will help to bring the cost price down, and help local produce to be competitive with its imported counterparts. Long-term sustainability for urban farming cannot lie in only grants, but also in generating sufficient local consumer demand. At the core of consumer demand is the price, so we must help urban farmers to be competitive. As we innovate with creative solutions to produce our vegetables and fishes, we must also innovate our business models and way of doing things. Simply creating the ability to grow vegetables, or to farm fishes locally, is not the complete answer. Supply must be met with demand. Looking at you, 30 by 30.

Andrew Choo, Founder, Grace Mission Agri

Pui Cuifen, Founder, Food Citizen

Prof Matthew Tan, CEO, Asia, Assentoft Aqua Asia

Christopher Leow, Founder, The Freestyle Farmer

Moderator:

Cheryl Chen, President, S&P Global Foundation & Senior Director, Social Sustainability, S&P Global


11:55 am - 12:55 pm

Fireside Chat:

Interfaith Collaboration - The Shared Space between You and I

We live in a world of diverse faiths where an estimated 84% identifies with a religion. It is this rich plurality of religious perspectives that shapes the very fabric of human existence, and it is also in this rich abundance that we find the shared space between faiths. In this shared space, we find common human values, fertile ground for unity, mutual understanding and respect, as well as propensity for collaboration. Interfaith collaboration builds the bridge that connects us and enlarges our horizons.

Dr. Swapna Dayanandan, CEO and Founder, Joy in Living Aged Care Services

Venerable Wong Tak Meng, Archdeacon for Community Services of the Diocese of Singapore

Muhammad Azri Bin Azman, President, Muhammadiyah Association

Moderator:

Dr Lau Pak Wah, Principal, BGST


12:55 pm - 1:10 pm

TBN Africa Case Study - published in World Economic Forum’s Faith in Action Report 2024


1:10 pm - 2:30 pm

Lunch Fellowship



2:30 pm - 4:00 pm

BREAKOUTS

Breakout 1: Impact Investing Case Studies

There has been much talk on the "about" part of impact investing, but not the application and the "how to". In this workshop, two impact investing case studies will be examined. One, will be impact investing using loans; and the other one will be impact investing using equity. Both are successful stories that achieve purpose driven social impact.

Alex Tee, Managing Director, Beneficial Returns

Chik Wai Chiew, CEO and Executive Director, Heritas Capital 

Jacob Zikusooka, Regional Director, TBN Africa


2:30 pm - 4:00 pm

Breakout 2: Financial Inclusion for Marginalised Micro Women Entrepreneurs

Asian Development Bank estimates that there are at least 71 Million micro-small- and medium-sized enterprises (MSMEs). Female-run businesses make up between 40% to 60% of all MSMEs in Southeast Asia or approximately 30 million businesses, and many more nano-businesses that are not seen because they do not register their businesses. The harsh reality is that most of them don’t have access to, or can’t qualify for traditional financial services for a variety of reasons.

This means most of these businesses earn day-to-day or week-to-week revenues, making them vulnerable to any calamity at any time, which could severely impact their families and the communities they serve. In particular, women struggle with: access to funding institutions, operating unregistered businesses, and bad credit standing or are unbanked/underbanked with no access to legal funding options. These problems are most magnified in low-income communities.

JP Valdes, Chief Product Officer, MADCash 

Nuraizah Shamsul Baharin, Managing Director, MADCash 


2:30 pm - 4:00 pm

4:00 pm - 4:20 pm

Breakout 3: AI and Blockchain in Social Entrepreneurship

At the intersection of technology and social entrepreneurship, we discover innovative solutions to address today's social challenges, and transform society. Social entrepreneurs stand at the forefront of social innovation, making paradigm shifts to harness technology for social impact. With AI and blockchain, scalable and more efficient solutions can be developed. Beyond the algorithms and opportunities, there are also the ethical considerations. Only with a wholistic approach, can we forge a more equitable and sustainable society for all.

Isaac Munandar, Founder, Maxy Academy


Afternoon tea break


4:20 pm - 4:40 pm

Inspire Me 3:

Redeeming the World of Finance

Focus on giving more than taking. Disrupting the space of finance, to address gaps in the financial system, and forge a more equitable system for all investors.

Samuel Rhee, Chairman and CIO, Endowus


4:40 pm - 5:40 pm

Fifth Plenary:

Redemptive Philanthropy

Most people operate on a scarcity mentality - I win, you lose. Society has conditioned us to be competitive, to tip the power dynamic in our favour, so we win, and we control. Taking this mentality into philanthropy, the giving is all about the giver, so that they can feel good and exert influence. Then we progressed to an abundant mentality - the win-win. The power dynamic is a little more balanced as philanthropists pursue giving in the forms of trust-based philanthropy and unrestricted giving, trying to focus on "doing good". But is "feeling good", or "doing good", good enough? Does it really help the recipient and/or advance the social cause? Redemptive philanthropy is a "I serve, we win" mentality. Redemptive philanthropists restores and renews, blesses others, as well as give of themselves. In that process, both the giver and the recipient are transformed. Alongside capital, redemptive philanthropists bring other gifts to the table to level the power dynamic: the gift of humility, the gift of gratitude, and the gift of acceptance. Turning the pyramid on its head, the redemptive philanthropist is here to serve. This elevates the SE or NPO to the highest levels of human fluorishing, and unlocks its full potential to pursue its social cause. Because above "feeling good", and "doing good", the redemptive philanthropist understands that the "love of humanity" is to love.

Prof. Dato Elizabeth Lee, Group CEO, Sunway Education

Gavin Chua, Vice Chair, SGTech

Dickson Lim, Head, TT Foundation Advisors

David Pong, CEO & Co-Founder, Wateroam

Moderator:

Martin Tan, CEO, The Majurity Trust

5:40 pm - 5:50 pm

Forging the Great Path Forward…


5:50 pm - 6:00 pm

Closing Comments & Group Photo