Singapore grows as a hub to further the ‘pact’ in impact
The most pressing challenges of our time are too complex and interconnected to be tackled by single actors. Investment for impact demands collaboration
DeeperDive is a beta AI feature. Refer to full articles for the facts.
IN TODAY’S rapidly changing world, wealth is no longer just a measure of success. It is also a tool for significance. Among ultra-high-net-worth (UHNW) families, there has been a marked shift from preserving capital to deploying it with purpose.
But purpose-driven philanthropy cannot thrive in isolation. The most pressing challenges of our time – such as climate change, inequality, public health – are too complex, too interconnected, to be addressed by single actors working alone. Sustained impact demands a collaborative approach – a pact for impact.
This is more than a mindset, it is a movement. Singapore, with its sophisticated financial infrastructure and expanding ecosystem for social good, is emerging as a hub for this kind of coordinated, cross-border giving.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report