Also today, ZIBS signed a Memorandum of Understanding (MOU) with them National University of Singapore’s (NUS) Institute of Operations Research and Analytics (IORA), to conduct joint degree programmes and Executive Development Programmes (EDP), as well as establish a joint laboratory of supply chain management and supply chain finance. The ZIBS Singapore Center has a professional faculty team that comprises entrepreneurs and bankers from the world’s leading businesses as well as experts and professors from top-ranking universities from all over the world. The Center not only offers a variety of executive training courses of management, finance, and technology but also joint degree and EDP courses in collaboration with well known international universities. Through its Singapore-based admission and teaching policies, the Center aims to grow future-proof talents with an international vision.

Prof Ben Shenglin, Dean of ZIBS, said in his opening remarks of the Center: “Singapore Center is a forefront of ZIBS’s international strategy, with its commitment to staying relevant in talent growth and scientific research projects. Hopefully, the Center will become a bridge between China, Singapore and the ASEAN to promote their economic, industrial and research exchanges. We are devoted to tapping into the full potentials of cooperation and exchanges in anyforms in ASEAN.”

In the presence of Dr Han Jun, Minister Counsellor of the Chinese Embassy in Singapore, Prof Ben signed a MOU with Prof Teo Chung Piaw, Executive Director of IORA. Dr Han Jun said that the collaboration in business studies between the two well-known universities is another iconic achievement of educational cooperation between Singapore and China. According to the MOU, the two sides have agreed to work together to conduct research and teaching programmes and promote advanced business analysis and operational technology. In principle, the MOU aims to further facilitate academic studies and industrial cooperation, with the eventual purpose of pushing ahead the cooperation and development between Singapore and China in the ASEAN market.

Prof Teo said: “This MOU will create more opportunities and resources for both ZIBS and IORA. It will not only lift IORA’s research capabilities, but also support the development of enterprises in ASEAN. Collaboration with Chinese enterprises will help IORA better understand their demands and concerns, which will enable us to optimise our research work and improve the applicability and practicability of our research outcomes. ”

After the MOU signing ceremony, ZIBS and IORA co-hosted their first Singapore Forum with its theme of “Singapore in a Divided World – The Future of Finance, Supply Chain & More”. Moderated by Prof Alvin Shen, Director of ZIBS, Singapore Centre, the Forum was attended by Prof Teo of IORA, Prof Ben of ZIBS, Dr. Robert Yap, Executive Chairman of YCH Group, Tan Kah Chye, Founder of CCR Partner, Ms. Jean Chia, CIO, Bank of Singapore, and Ouyang Xiuzhang, Founder and CEO of Cove Investment. Against the backdrop of multiple geopolitical crises, the participants of the Forum recognise that countries and regions in the Asia-Pacific must enhance their ties and exchanges, particularly in areas of trade and supply chain, to leverage each other’s strengths and foster a win-win cooperation. Participants emphasised the importance of close collaboration among not only governments, but enterprises, organisations and educational institutes, so as to navigate the turbulence in the financial world and achieve success in a post-COVID environment. Zhejiang University International Business School (ZIBS).

Based in China and with a global focus, ZIBS aims to build a technology-focused premier global business school from China, by upholding the 5″I” philosophy of being “international, interdisciplinary, innovative, inclusive and integrative”, with continued emphases on three strategic pillars – Global ZIBS, Digital ZIBS, and the ZIBS Ecosystem. ZIBS offers six postgraduate programs, namely Master of China Studies (MCS),
Master in Communication and Management (MCM), international Master of Business Administration (iMBA), international Master of Finance (iMF), international Master of Fine Arts (iMFA) and international Master of Data Science (iMDS), one undergraduate program in Global Communication and Management (GCM) for international students, as well as executive training and customised training programmes.

NUS Institute of Operations Research and Analytics (IORA) Established in November 2016 as a university level research institute, IORA conducts research on the optimisation, analysis and management of service systems, including model formulation, algorithm design, analysis of service strategies, and software development. IORA works with local companies to optimise resource allocation and utilisation, as well as develop cutting-edge solutions to tackle large-scale complex models that are often encountered in the field of data analytics. Our vision is to establish IORA as a centre of excellence to integrate Operations Research with Data Analytics, giving new impetus to fundamental research to promote the adoption of prescriptive analytics in academia and industry, attracting and nurturing top talents (faculty and students) for the profession.

For more information on IORA, please visit https://iora.nus.edu.sg/

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