News
News
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13 Aug: The Future Of Work In The Digital Economy – Technology, Education, Talent And Training

Dear PBEC Members, I am pleased to share a wonderfully insightful recording of the LIVE dialogue session PBEC moderated on “The Future of Work in the Digital Economy – Technology, Education, Talent and Training”, at the recent hybrid World Digital Economy and Technology Summit co-organised by the PBEC and hosted by the KSI Strategic Institute for Asia Pacific at the Majestic Hotel, Kuala Lumpur, Malaysia on the 28-29 June 2022. From a PBEC perspective we are interested in three main trends being observed across Asia Pacific. The final share…

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28 Jul: Photo Competition for APEC 2022 Thailand

PBEC Community is invited to participate and share its creative ideas and moments that have been made easy as digitalization sweeps through the region and all over the world. Through technology, photos and videos are uploaded onto the internet and they instantly appear on millions of phones and computer screens. Increasingly through digital initiatives, PBEC continues to drive its advocacy efforts to build prosperity for people in the Asia-Pacific region. For this year’s APEC Photo Contest, they are seeking creative…

Singapore-Mercosur by the numbers
26 Jul: SINGAPORE AND MERCOSUR SUBSTANTIVELY CONCLUDE FREE TRADE AGREEMENT NEGOTIATIONS

Singapore and MERCOSUR have substantively concluded negotiations on the MERCOSUR-Singapore Free Trade Agreement (MCSFTA). Minister for Trade and Industry Gan Kim Yong and MERCOSUR Ministers jointly announced this yesterday via videoconference on the sidelines of the MERCOSUR Summit 2022 held in Paraguay. Minister of State for Trade and Industry Alvin Tan also delivered remarks via videoconference. Full Press Release HERE

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26 Jul: B20 Indonesia Digitalization Task Force Presents 4 Strategic Recommendations

Chair of B20 Indonesia Digitalization Task Force Ririek Adriansyah presented the strategic and objective issues that the Digitalization Task Force aims to achieve. “The essence of our work as Indonesia’s B20 Digitalization Task Force is to ensure that digitalization could drive future growth while bridging the digital divide, which eventually leads to an inclusive digital transformation,” said Ririek, who is also the President Director of PT Telkom Indonesia (Persero) Tbk (Telkom). Ririek presented the four recommendations that the Digitalization Task…

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17 Jul: Dr. Alan Bollard appointed as the new Chair for NZPECC

Dear PBEC Members, This is to inform you that Dr. Alan Bollard has been appointed as the new Chair for NZPECC and Dr. Robert Scollay as Vice Chair for NZPECC. PBEC as a Standing Committee Board member of PECC welcomes both Dr. Alan Bollard & Dr. Robert Scollay and thanks Mr. Brian Lynch for his service and immense contributions. Bio for Dr. Alan Bollard Currently, Dr. Bollard is the Chair of the Infrastructure Commission, Chair of the cross-university Centres for…

03 Jul: WTO members secure unprecedented package of trade outcomes at MC12

WTO members successfully concluded the 12th Ministerial Conference (MC12) in Geneva on 17 June, securing multilaterally negotiated outcomes on a series of key trade initiatives. The “Geneva Package” confirms the historical importance of the multilateral trading system and underlines the important role of the WTO in addressing the world’s most pressing issues, especially at a time when global solutions are critical. The package adopted by members include: a package on WTO response to emergencies, comprising: a Ministerial Declaration on the…

16 Jun: BloombergNEF Announce Its First Net Zero Summit In Bali Ahead Of B20 And G20 Summits

Net zero-themed Summit to convene 300 global and Indonesian business leaders and investors on November 12, 2022 New York, May, 2022 – BloombergNEF (BNEF) will host a special one-off BloombergNEF Summit Bali on November 12, 2022 ahead of the Business 20 (B20) and G20 Summits taking place in Bali, Indonesia, in the days that follow. The Business 20 (B20) is the official G20 dialogue forum with the global business community. The net zero-themed Summit will bring together 300 global and…

PBEC Patron Member
Member Updates

PBEC Associated Grand Bauhinia Medal (GBM) Winners 2022     Dr WONG Ying-wai, Wilfred, GBS, JP Dr WONG is awarded GBM for his distinguished public service, particularly his tremendous contributions to the development of arts and culture, and the creative industry in Hong Kong. As the Chairman of the Hong Kong Arts and Development Council (HKADC) since 2011, Dr WONG has steered the HKADC in introducing arts spaces to meet the demand of arts practitioners, reforming the grants schemes, and bringing…

Adrien has been living in Asia since 2004, where he has been developing the Private and Business Aviation sectors for the major part of the past two decades. After working for a large private operator and selling business jets for Hawker-Beechcraft and then Bombardier across the region and globally, he founded Jet 8 in 2018 to provide tailor made private aviation solutions to clients in the Asia Pacific region. A true entrepreneur in his designated field of expertise with a…

PBEC Natalie Chung Sum Yue – Expedition Key Opinion Ambassador and Steering Committee Member is seeking to raise funds for her upcoming environmental expedition to the Antarctic to raise more awareness about climate change and its adverse affects to the people of Hong Kong SAR Download and view details of the expedition and sponsorship opportunities here

Exactly two months ago Urban-Air Port launched Air One to the world. For 3 weeks in #Coventry City Centre #UK, Urban-Air Port  hosted the AAM industry and for the first time the AAM consumer, showcasing the future of #infrastructure for the #advancedairmobility industry. After 15,000 visitors (including the press, 200 school children & university students, and attendees for closed door events); 1000 pieces of media coverage; 100 successful drone flights; 20 private events featuring world class catering; 1 fine dining experience and 1 maiden flight of a 23yr…

by Laura Singleton June 2022 The need for greater transparency, inclusiveness and ethics around AI was among the topics discussed at a Davos event hosted by the Business School. AI is evolving and is increasingly used as a tool for collaboration. Experts at the event, which coincided with the World Economics Forum, agreed that  it is important to be transparent whilst the industry is progressing rather than “getting everything right” privately. AI also needs to evolve with the changing demands and…

by Joanna Wilson, Deborah Evanson May 2022 PBEC Member Imperial College London is establishing a ground-breaking research institute dedicated to developing clean, safe and sustainable air-travel. Supported by a £25 million philanthropic donation, the Brahmal Vasudevan Institute for Sustainable Aviation will pioneer the breakthroughs and technologies needed to support the aviation industry’s transition to zero pollution. Its researchers will look at all elements of air transport, from fuel and aircraft design to airport infrastructure, air traffic control and aviation policy. The £25…

by Martin Sayers, Ryan O’Hare, Laura Gallagher, Emily Head, Deborah Evanson, Caroline Brogan, Hayley Dunning May 2022 PBEC member Imperial College has a greater proportion of world-leading research than any other UK university, according to the Research Excellence Framework (REF). The results confirm Imperial’s status as a world-class research university. The College ranks top in the UK overall – with a greater proportion of 4* “world-leading” research than any other UK university. Imperial ranks first in the UK for research outputs, first in the UK for research environment,…

Chris is an education entrepreneur, investor and non-profit leader focused on developing and scaling initiatives and technologies that lower barriers and reduce inequalities in accessing the opportunities of the Future of Work. He founded BSD Education in 2013, an educational software and curriculum provider that enables teachers in schools to teach students digital skills during their lessons. BSD has grown to work with schools around the world and has teams located in Hong Kong, Thailand, Philippines, and the United States….

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…

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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.
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World Digital Economy and Technology Summit 2022

Chairman Andrew Weir opening remarks at the WDET- World Digital Economy and Technology Summit 2022,co-organised by the KSI Asia Pacific and PBEC

GWTC – Guadalajara World Trade Center, Mexico

GWTC is the International Air Cargo hub that connects Latin America with the World from Guadalajara

Events
Banner for Secure World Foundation upcoming event

Upcoming Event: 4th Summit for Space Sustainability

When: June 22-23rd 2022 – Agenda Where: Hybrid event: Science Museum London, U.K. – Accommodation options here & access virtually via online live streaming platform PBEC is an official network partner of the Secure World Foundation Summit and our PBEC community is cordially invited to attend this exclusive event focused on the Future of Space exploration and its peaceful sustainable development. The summit promises to bring together governments, industry leaders, international organisations, academics and civil society groups to develop and…

Event Banner 35th APAC event Malaysia

Upcoming Event: ISIS Malaysia – 35 Asia Pacific Roundtable Dialogue

When: 5th – 7th July 2022 Where: Virtually online – free for PBEC community to register here The Asia-Pacific Roundtable (APR) is the signature international conference of the Institute of Strategic & International Studies (ISIS) Malaysia which PBEC is honoured to support as an official partner. Hosted by ISIS Malaysia, on behalf of the Asean-ISIS Network, a network of leading Southeast Asian policy institutes and think-tanks, it regularly attracts more than 300 thinkers of various backgrounds who engage in lively,…

PBEC Trade Report
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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PBEC – Promoting Trade Without Borders
PBEC Membership
PBEC Membership

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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