PBEC AGM Notification 2022

Dear fellow Board of Directors, Members and Esteemed Colleagues of PBEC,

The Pacific Basin Economic Council and I cordially invite you to kindly REGISTER and attend this year’s Annual General Meeting. This year once again we have taken the pragmatic decision to host this AGM virtually, which allows as many of our international members and partners the opportunity to attend and participate LIVE.

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News
News

In announcing subsidies, tax cuts and other measures to lessen the impact of global price shocks on consumers and foster growth, Asia-Pacific economies could see fiscal deficits increase through 2022. – April 2022. Priyanka Kishore Head of India and South East Asia, Macro and Investor Services at Oxford Economics Makoto Tsuchiya Assistant Economist at Oxford Economics Coal mining in South Kalimantan, Indonesia. Photo by Dominik Vanyi on Unsplash. After fiscal deficits widened substantially in 2020, most Asian economies resorted to…

Jakarta, February, 2022 The Indonesian B20 Task Force has held the first meeting in the series of B20 Indonesia Presidency 2022, where a number of crucial issues such as eliminating digital inequality, sharing green economy financing, and fighting global cybercrime became the main discussion. The Indonesian Chamber of Commerce and Industry (KADIN) held the Inception Meeting of B20 Indonesia Presidency 2022 on January 27-28 in Jakarta. The two-days forum was attended by more than 2,000 participants and government delegations from…

“Customs has a key role in making trade seamless, safe and secure,” stated WTO Deputy Director-General Anabel González at a 20 January hearing of the European Union’s Wise Persons Group on Challenges Facing the Customs Union. DDG González observed that customs authorities need to respond and adjust to changes in the global trade landscape brought about by the COVID-19 pandemic, rapid technological developments, geopolitical tensions and climate change. She added that the role of customs was becoming increasingly complex, and…

When the central bank of Russia proposed a sweeping ban Thursday on crypto activity, digital assets barely skipped a beat. Bitcoin even rose around 5% at one point during New York trading hours. “There are bigger concerns right now in crypto right now,” Chris Vecchio of DailyFX told Insider. “What’s happening is much more closely tied to global stimulus conditions and central banks pulling back their pandemic era efforts. That, to me, is the prevailing story here.” John Wu, president…

You are invited to a Zoom webinar. When: Jan 20, 2022 11:00 AM to 12:15PM Hong Kong SAR Topic: Achieving Equitable Supply Chain Transparency  Please register in advance for this webinar: https://us02web.zoom.us/webinar/register/WN_O5rbcEobSMO0PNjtCLavdA After registering, you will receive a confirmation email containing information about joining the webinar. ‘What are the challenges and priorities in 2022 to keep supplying and delivering, including emission reduction pressures?’ A PBEC hosted webinar led by our moderator Anson Bailey, who is bringing together experts and commentators…

An Apec-branded Covid face mask, a handwritten letter from Jacinda Ardern to a future NZ Prime Minister and even a copy of the Herald’s Apec 2021 supplement are among items being tucked away within a time capsule which will be “unearthed” when New Zealand next hosts Apec. In her letter to a future prime minister, Ardern expresses her hope – for the sake of everyone – “that you don’t find yourself hosting in the middle of a pandemic!” “May your…

China uniquely restrictive data laws
26 Apr: Data Rules Risk Making China ‘Digital Island,’ Companies Say

April 21, 2022 Business group says unclear rules pose challenges to companies Xi Jinping’s government rolling out a host of major data laws China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns.  The government’s curbs on data movement across borders, ambiguous regulation and inconsistent enforcement “are particularly challenging for multinational firms,” according to the US-China Business…

APEC Data trasnfer certified image
26 Apr: APEC Cross-Border Privacy Rules Go Global

On April 21, 2022, the United States, Canada, Japan, Singapore, the Philippines, the Republic of Korea and Chinese Taipei published a declaration (the “Declaration”) establishing the Global Cross-Border Privacy Rules Forum (the “Global CBPR Forum”). The Global CBPR Forum will establish an international certification system based on the existing APEC Cross-Border Privacy Rules (“CBPR”) and Privacy Recognition for Processors (“PRP”) Systems, enabling participation beyond APEC member economies. The Global CBPR and PRP Systems, as they will be known, are designed…

Banner for PBEC AGM 2020
11 May: Notice of The Pacific Basin Economic Council  AGM 2021

Title: Notice of The Pacific Basin Economic Council  AGM 2020 When: Tue 29th June 2021 at 1600L to 1730L (Beijing, HK time) Where: KPMG Board Room, 8th Floor Princes Building, Central, HK. We are planning a hybrid hosted event. A small group gathering locally (subj to regulations) and virtually accessible over zoom for all overseas members. This is your  Notice of Meeting for the 2020 Annual General Meeting scheduled to be held in Hong Kong on Tuesday, 24th June 2021…

PBEC Patron Member
Member Updates
OECD-WTO Business Consultation on Cross-Border Data Flows and Trade

On behalf of the OECD Secretariat through Jane Brockman OECD-WTO Business Consultation on Cross-Border Data Flows and Trade Data, and its flow across borders, support global economic and social interactions. However, regulation conditioning its movement across borders or mandating local storage has been on the rise. The Organisation for Economic Cooperation and Development (OECD) and the World Trade Organization (WTO) have joined forces to study some of the economic implications of this evolving landscape. Attached for your reference is the OECD…

Federico G. Lepe is an effective, accurate and assertive Government Affairs person and has achieved important national and international negotiations between Enterprises, Government and Academic Institutions. Federico G. Lepe represents the Council of Industrial Chambers of Jalisco and is President of the International Logistics Commission in Mexico. About: Grupo Comercial Control, S.A. de C.V. is located in Monterrey, NUEVO LEON, Mexico and is part of the Department Stores Industry. Grupo Comercial Control, S.A. de C.V. has 8,000 total employees across…

Mr. Anish Lalvani is the Chairman of Euro Suisse International Limited, an electrical appliance and consumer electronics marketing group, which has business interests in Hong Kong, Europe, Africa and the Middle East. Anish has lived and worked in the UK, USA, India and Hong Kong (since 1993) and holds an MBA degree from The University of San Diego. He is a Non-Executive Director of Chen Hsong Holdings Limited, a Patron of the Asian Cultural Council, a member of The HKUST…

  PBEC congratulates our Board Member Tan Sri Dato’ David Chui and his company FEC -Far East Consortium who were voted Best CEO and Best Small-Cap Company respectively by Finance Asia – April 2022. FinanceAsia is delighted to announce the winners of our annual poll investigating Asia’s Best Managed Companies. With the input of investors and analysts alike, this invaluable benchmark of the region’s most influential companies evaluates the corporate behaviour and performance of Asian peers over the past 12…

  PBEC Member News, April 2022 – We are pleased to announce that Mr. Huang a Co-Chairman of P.C. Woo & Co has joined the PBEC as a Corporate Member commencing 1st May 2022. He joined P.C. Woo & Co a leading law Firm in Hong Kong in 1983 as an articled clerk. Since admission as a partner of the Firm in 1991, he has been a managing partner, and oversees the Probate and Trust Practice and leads the Education…

The 2022 edition of our annual report with Morgan Stanley offers insights into the next cycle for the wholesale banking industry. The wholesale banking industry has passed through two cycles over the past decade: reform and restructuring from 2012-2019 and volatility-fueled growth from 2020-2021. The fundamental question facing the industry now is what the next cycle will hold. Wholesale banks face great uncertainty as we head into 2022, but we see more cause for optimism than concern. The wholesale banking…

The move has enabled the rubber glovemaker to reduce its average electricity cost while lowering its carbon footprint – April 2022. by AZALEA AZUAR / Pic by TMR FILE PIX TOP Glove Corp Bhd has inked a 20-year power purchase agreement (PPA) with Shizen Malaysia Sdn Bhd to purchase solar power generated by the latter. The PPA enables Shizen Malaysia to install, own and operate a 10MW peaking grid while Top Glove will purchase the electricity generated over the period….

  Supporting organisations with sustainable business transformation ESG performance (or corporate sustainability) is becoming an increasingly important senior leadership and boardroom agenda matter in virtually every industry. Many describe this decade as the one for the sustainable transformation of business. The shifting environmental, social, political, regulatory, and business environment creates opportunities to be explored and risks to be managed. Sustainable transformation is complex and entails managing a major process of change, affecting the culture and decision-making approach of organisations. With…

Dr Fredi Otto, Climate Scientist, Imperial College London  Dr Fredi Otto, Senior Lecturer at Imperial’s Grantham Institute was added to the 2021 TIME100, an annual list of the 100 most influential people in the world, for her work as co-lead of World Weather Attribution (WWA), an international effort to analyse and communicate the possible influence of climate change on extreme weather events. Fredi joined Imperial College London from Oxford where she was previously associate director of the Environmental Change Institute,…

Ninety One, the global investment manager, and Imperial College Executive Education collaborated in 2021 on a bespoke Climate Risk Programme to educate Ninety One’s employees. The programme deepened the understanding on climate-related risks and opportunities, to help inform investment decision-making. The three week programme was initially held for over 100 of Ninety One’s investment professionals and built on their ability to assess climate risk and knowledge of various pathways towards climate change mitigation. Additionally, the programme covered which technological developments…

PBEC member Redsip is an early monetization stage start-up in the hottest creator economy space [More than 140 U.S. companies in this sector raised at least $5 billion last year] Unlike OnlyFans, Cameo (both became unicorns last year), and other all-in-one creator platforms such as Memberful, Redsip focuses on turning creators into full-fledged small businesses in the lifestyle sector around wine & dine. The vertical is just now going through tremendous innovation triggered by the pandemic, while Redsip is plugging…

Imperial College Business School is pleased to offer all PBEC members a SPECIAL 15% discount on their portfolio of online and virtual executive education courses. Imperial College Executive Education combines Imperial College London’s capabilities in science and technology with strong industry connections to deliver impactful professional development programmes. Course topics include leadership, digital transformation, finance, strategy, and analytics, all designed to make you, your team and your organisation more competitive and sustainable. Online programmes include pre-recorded sessions with Imperial faculty,…

A novel agenda for digital trade BY Neha Mishra Lecturer, College of Law, The Australian National University Brief Description: Insufficient internet access and capacity for data processing often lead to the exclusion of developing countries from digital supply chains and creates excessive dependence on leading digital powers. Trade agreements can help bridge this global data divide, suggests Neha Mishra of the Australian National University. Download Mishra’s new paper to learn how regulatory cooperation can reduce trade barriers, foster needed trust,…

The coming decades hold great promise for Hong Kong’s continued development as a smart and sustainable city. 5G connectivity across the territory combined with strengthened capabilities in artificial intelligence, big data, blockchain, cloud and edge computing will enable a new generation of digital-enabled urban applications. These hold the potential to bring a myriad of benefits for cities, such as reducing traffic congestion, creating more energy-efficient buildings, designing more liveable public spaces, and improving delivery of healthcare and other services. Hong…

Vision
Vision
The Pacific Basin Economic Council believes that through cooperation and the exchange of ideas, the private sector can work with governments to promote significant growth and prosperity in Asia Pacific.
Events
Events

Dear Pacific Basin Economic Council Members, We have recieved this invitation courtesy of our strategic partner IIPCC and their Malaysia 🇲🇾 chapter. @⁨Adelena L. Chong⁩ @⁨Steven Wong⁩ @⁨Dr. Tan Sri Wee Chai Lim⁩ @⁨David Chui⁩ @⁨Kamil Othman⁩ pls note. ‘It is our pleasure to introduce the inaugural IIPCC Malaysia IP Commercialisation Programme 2022 (MyIPComm22), the flagship international intellectual property (IP) commercialisation awareness-building and education program organised by the International Intellectual Property Commercialization Council (IIPCC) Malaysia, with 150 expected guests, 40…

Webinar on Sustainable Tourism hosted by the French Pacific Territories and the United States committees for the Pacific Economic Cooperation Council (PECC)

June 1, 12:00pm Pacific Time, USA June 2, 03:00am SGT/HKT. Register for the webinar here: https://us02web.zoom.us/webinar/register/WN_lg_NzlOpSYOh99rxoAaaaw If you have any questions, please email Loraine Ashcraft (lashcraft@ncapec.org) With severe socio-economic impacts on countries relying heavily on international tourism, the toll of the Pandemic in the Asia-Pacific has been significant. Today’s priority must be to relaunch the industry as soon as possible, with a focus on sustainable economic growth, as the latest version of the APEC tourism strategic plan shows. However, the…

Despite recent disruptions, the need to generate sustainable growth and expansion still remains. The 8th Transpacific Entrepreneurial conference will discuss the current opportunities for companies looking to expand into Canada and Greater China as well as the impact and possibilities the latest Greater Bay Area initiatives would bring to Hong Kong. It will also show “the roadmaps” to using Hong Kong as a platform for entrepreneurial ventures “from seed to exit.” The 2022 conference will encompass virtual panels in order to accommodate audiences from Hong Kong, Asia Pacific…

Space Summit Partnership Announcement! We are delighted to announce that the Pacific Basin Economic Council (PBEC) is the new institutional partner for the Space Suppliers Summit which is scheduled to take place on the 4-5th October 2022 in Glasgow, Scotland. As one of Asia Pacific’s oldest business leader-focused institutions, PBEC is a platform for trusted market intelligence and supporting connectivity between key stakeholders globally. We understand the importance of networking and focusing on industries and exciting new sectors that concern cross-border…

PBEC is pleased to share that ICC will be hosting its first Global Finance Forum from 25-27 April 2022. This fully virtual event will bring together a diverse network of over 3,000 participants from the public and private sectors for practical discussions about pressing trade finance and investment issues. The Global Finance Forum The Global Finance Forum will provide a platform for a diverse range of organizations to share their views on the financing ecosystem.  To learn more about engagement opportunities within the conference, please contact their team at externalaffairs@iccwbo.org. Join us (virtually)…

PBEC & MEXCHAM HK cordially invite you to register and attend our next LIVE Webinar dialogue on the latest PASFTA and DEPA trade agreements. Date: Friday, 25 February 2022 Time: 0900L to 1000L (Singapore/HK Time) Where: Online Zoom Webinar Link to register: click HERE Description: On 26 January 2022, Singapore signed the Pacific Alliance-Singapore Free Trade Agreement (PASFTA) with the Pacific Alliance, comprising Chile, Colombia, Mexico, and Peru. PASFTA will eliminate most tariffs and allow Singaporean firms greater market access…

A PBEC hosted webinar bringing together experts and commentators in their respective fields on regional Supply Chain Transparency in the Asia Pacific. We assembled an expert panel of academics and senior executives to this dialogue discussion on supply chain transparency and traceability. We hear some invaluable insights, takeaways and latest trends in supply chain relocation data provided by Professor Neale O’Connor. Anson Bailey of KPMG moderates and extracts recommendations from each of the panellists. We witnessed a lot of probing…

Click here to download event brochure With the theme this year of “Venturing for Success: Resilience, Growth & Opportunities”, CVCF 2021 will give a brand-new hybrid experience to engage a wider audience and industry stakeholders, featuring the Asia and global venture landscape, the latest GBA market opportunities, SPAC, ESG, family office, emerging/rising tech in the post-COVID era as well as the promising Cyberport’s unicorn journey. This event will also feature workshops, start-up clinic, innovator showcases, and the exclusive investor matching…

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Week in China

ISLAND DIPLOMACY

Argentinian leader Alberto Fernandez wouldn’t have been counting on Olympic glory when he flew into Beijing earlier this month – his nation’s athletes have competed at 19 Winter Olympic Games without winning a single medal.

But President Fernandez had bigger fish to fry in his meeting on the sidelines of the Games with Xi Jinping, his Chinese counterpart. The summit was headlined by Argentina’s enrolment as the 21st country from Latin America and the Caribbean for membership of the Belt and Road Initiative. Argentina is the largest Latin American economy to join to date, with Mexico and Brazil yet to make the same commitment.

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PBEC Trade Report

Issue: 019: April 2022

INDONESIA BANS EXPORT OF PALM OIL: Indonesia has for the second time this year banned palm oil exports. The latest ban took effect today and is a bid by the world’s largest producer to lower domestic prices of cooking oils. Edible oil supplies have been significantly impacted by the Russia-Ukraine war.

AUSTRALIA IMPLEMENTS URGENT BIOSECURITY ACTION: Australia has imposed new biosecurity import rules in a bid to protect farmers against khapra beetle. The beetle is an invasive pest that poses a potential threat to grain. The new rules will require offshore certification for plant products and sowing seeds.

SUBSIDIES UNDER GLOBAL FIRE: A global study by the IMF, OECD, World Bank and WTO has called for greater international cooperation to improve information and analysis of subsidies. This could help reduce trade frictions. The study suggests subsidies appear to be widespread, growing and often poorly targeted.

Read more…

About PBEC

PBEC – Pacific Basin Economic Council is by invitation ONLY a members based institution, that supports connectivity and cross-border regulatory standardisation efforts within APAC for all technological advancements, through dialogue, engagement and collaborative efforts.

Our Mission

PBEC’s focus is to continual attain recognition as the most comprehensive multilateral platform for APAC business leaders to engage with, advocating key trade issues of importance under a fair rules based system, thus promoting cooperation amongst member States to achieve inclusive, sustainable economic and social development in Asia and the Pacific.

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Headquartered in Hong Kong SAR, the (PBEC) Pacific Basin Economic Council is the region’s oldest business leaders regional network provider and these days quasi-Think Tank assisting policy-makers. It is a strictly “By Invitation Only” members based organisation with over 24,000+ business leader, academic & Government representative affiliated globally. During Covid-19 the PBEC expanded its presence with official representation in the UK as part of its post-Brexit support connecting UK based firms pursuing a foothold in the Asian Market. It also renewed…

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