The South China Sea: A Nuanced Understanding Required
2024年4月22日 - 6:12PM
JCN Newswire
Leading regional commentator, and analyst, Eddin Khoo, and
Crisis Management Centre founder, Nordin Abdullah, are starting a
series of talks in the ASEAN region on issues around the South
China Sea. The objective of these talks is to achieve a nuanced
understanding of the activities surrounding this critical waterway
and the potential impact on the corporate sector.
The Malaysia Global Business Forum (MGBF) in collaboration with the
Crisis Management Centre will be hosting the first talk in this
series in Kuala Lumpur, Malaysia, on Wednesday (24 April), titled
'The South China Sea: Central to ASEAN's Business Future?'.
Eddin Khoo, a renowned writer, said, "As we approach the
half-century anniversary of that most defining of global events -
the end of the Vietnam War, the region of the South China Sea
appears to be drawn back, whether of its own volition or not, to
superpower tensions."
"Since the end of the Vietnam war, much of this region has devoted
itself to economic development, emerging as one of the principal
regions for the inflow of capital anywhere in the world, especially
in that once lauded period termed 'The Age of Globalisation'.
"As the period of the end of the age of globalisation is at once
cautioned and heralded, and as the South China Sea is marked for a
period of superpower contestation, how much, in these past five
decades, has the region been able to 'state a case for itself'?,"
continued Eddin.
The South China Sea handles roughly USD3.37 trillion in global
trade annually, and is crucial for multinational corporations;
however, territorial disputes often threaten trade routes and
livelihoods dependent on its resources.
Nordin Abdullah said, "Everyone is aware of the obvious
geographical choke points. The media have hyped up the spectres of
single points of failure in global supply chains and past Black
Swan events have produced volumes of analysis laden with hindsight
bias."
"Most bilateral and multilateral efforts relating to activities in
the South China Sea are largely government to government. Yet it
will be the corporate sector that is impacted first if any
significant disruption takes place," he continued.
Through ancient history, South East Asian nations were connected by
extensive maritime trade networks. Trade routes such as the
Maritime Silk Road facilitated the exchange of goods, ideas, and
technologies among the numerous kingdoms and empires in the
region.
Regional geopolitical tensions could disrupt maritime activities,
impacting communities and millions employed in industrial
activities dotted along the shores. Effective risk mitigation and
crisis response strategies are imperative for corporations
investing and operating in the area.
Nordin, who is also the MGBF founding chairman, concluded, "Simple
diametrically opposed broad-stroke narratives are no longer
sufficient for the corporate sector. A nuanced understanding is
required for every organisation in any given jurisdiction. To
achieve any level of anticipation, let alone foresight leadership,
teams need to work through the data and conduct effective scenario
planning."
Businesses operating in the South China Sea must diversify supply
chains, invest in alternative transportation routes, and engage in
corporate diplomatic initiatives to safeguard their interest. These
will be amongst matters discussed and addressed during the lunch
talk in Kuala Lumpur, including the dynamic relationship between
business and politics in ASEAN, and how corporations with regional
and global supply chains manage potential threats.
The lunch talk will be an in-person event and requires
pre-registration. The participation fee is RM138 per person. A
special price of RM88 is available for members of the Malaysia
Australia Business Council (MABC) and other partner chambers.
For more information, visit this event page on Malaysia Global
Business Forum's website: www.MalaysiaGlobalBusinessForum.com.
About Malaysia Global Business Forum
The Malaysia Global Business Forum (MGBF) was established to
empower stakeholders at the intersection of international and
Malaysian business. Through government relations, business
intelligence, advocacy, media engagement, market research,
networking, advisory and business matching, MGBF will continue to
explore threats and opportunities with industry leaders and policy
makers to ensure that Malaysia becomes a leader in the context of
Asia.
For more information, visit
www.MalaysiaGlobalBusinessForum.com.
About Crisis Management Centre
The Crisis Management Centre was established to empower
individuals, corporations, industry associations and governments to
effectively deal with all aspects of crisis. The Crisis Management
Centre has been able to pioneer several ground-breaking concepts in
the field of crisis management including the 'Reputation-Revenue
Dynamic', which is a data-driven, community and communications
framework for addressing areas of concern, crisis, and
conflict.
For more information, visit www.crisismanagementcentre.com.
For media enquiries, contact:
Sofea Zarina
Assistant Manager, Public Relations
Glenreagh Sdn Bhd
E: sofea@glenreagh.net
W: www.glenreagh.net
Source: Malaysia Global Business ForumCrisis Management Centre
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