FMG Highlights: FMG’s CEO presents at Yayasan MENDAKI Post-Budget 2017 Policy Forum, “Moving Forward Together”

Date March 9, 2017

FMG’s CEO Devadas Krishnadas was invited to speak at self-help group Yayasan MENDAKI’s Post-Budget Policy Forum held at Wisma MENDAKI Hall on Wednesday, 8 March 2017.

Dr. Yaacob Ibrahim, Minister for Communications and Information, Minister-in-charge of Muslim Affairs and Chairman of Yayasan MENDAKI, was Guest-of-Honour for the event.

From Left to Right: Mr Saktiandi Supaat, MP for Bishan-Toa Payoh GRC; Dr Lim Lai Cheng, Executive Director, SMU Academy; Dr Yaacob Ibrahim, Minister for Communications and Information; Mr Devadas Krishnan, CEO of Future-Moves Group; Dr Mustafa Izzuddin, Fellow at ISEAS-Yusof Ishak Institute; Mdm Rahayu Buang, CEO of Yayasan MENDAKI

The event consisted of presentations by Dr. Lim and Mr Devadas, followed by a panel discussion and Q&A session with two other panellists – Dr Yaacob Ibrahim, Mr Saktiandi Supaat and moderated by Dr Mustafa Izzuddin.

Mr Devadas spoke about navigating the employment and skills landscape for Singaporeans who are already in the workforce.

He made three key points.

Devadas speaking about the importance of strong foundations for deep learning

First, he cautioned against treating short-term SkillsFuture classes as a substitute for long-term deep learning. Such ad-hoc learning cannot and should not replace the years of hard work and dedication necessary to build strong skills and deep expertise.

Second, he encouraged the audience to see education as a long-term process that does not end after university. The government should not be viewed as the only or complete solution to challenges of the future economy — Devadas pointed towards personal, family and community responsibility as a necessity for maintaining and upgrading individual skill levels.

Third, he noted that inclusive growth is about contribution as much as it is about redistribution. To contribute, one needs the 3As – Aspiration, Ambition and Achievement. While Aspiration matters, it is not sufficient. Individuals also need to have Ambition in order to ensure Achievement, which will ultimately contribute to the progress of society.

Devadas responding to the question on how the Gen X can respond to the changing economy

Devadas being presented with a token of appreciation by Dr. Yaacob Ibrahim

Devadas’ presentation provoked lively debate among the audience who sought to hear more about how the Malay/Muslim community could apply his key points as they readied themselves for the future economy. The audience asked provocative questions in response to his recommendations, including what the Generation X can do in response to technological changes in the economy. Devadas recommended maintaining an open mind to respond to the challenges actively and making an effort to rewire and retool.

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