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29 Apr: PBEC Trade Report April 2022 – Part II

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…

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29 Apr: High commodity prices will slow fiscal consolidation in Asia

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…

KPMG - Our Impact Plan FY2021

29 Apr: Members News and Resources Post – PBEC Patron Member KPMG China released its: “KPMG: Our Impact Plan | China FY2021”

This report highlights the firm’s environmental, social and governance (ESG) commitments and progress across four key pillars: Planet, People, Prosperity and Governance. Its Impact Plan (OIP) demonstrates the firm’s commitment to greater transparency and accountability for its actions and impact on society. A timely read for our PBEC Community especially for those of you having to comply with your own ESG requirements. Explore more by clicking here: https://lnkd.in/g3kZNS4e  

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29 Apr: PBEC Welcomes Latest Corporate Member

  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…

29 Apr: 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. When: Tue 24th May 2022 Time: 1600 -1700L HKT/SGT Location Zoom- Pre-Register Here: https://us02web.zoom.us/webinar/register/WN_7XeXUPc_T4uu6p5ibU4IVQ You can nominate…

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27 Apr: Climate, Crypto, and Competing in This Cycle

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…

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27 Apr: PBEC’s Top Glove to buy RE from Shizen Malaysia

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….

Value Prop

26 Apr: The Value Prop Episode 13: Give and TaKe ‘Field to Table Sustainable Bamboo Products’ an Alternative to Plastic – it’s a Lifestyle Choice.

Brief Description: We invited the Founder and Eco-warrior Rob Davenport of TaKe Lifestyle and TaKe Foundation, a purpose led brand focused on producing eco-friendly table and kitchenware products that are utilising Bamboo as a key raw material that it grows within urban cities in its overall production process. Their unique BAAS (Bamboo as a Service) concept enables Corporates, SME’s and Individuals to invest in making cities like Hong Kong a cleaner place to live, by off-setting carbon emissions with bamboo production. TaKe…

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…