Geostrategic and Geoeconomic Challenges Facing a New Multipolar World Geo-economic trends, technological competition and Geopolitics means higher uncertainty for APAC region in future. PBEC is pleased to share this interesting presentation of latest economic data from a respected scholar Tan Sri Andrew Sheng Chairman, George Town Institute of Open Advanced Studies, Wawasan Open University, Penang in Malaysia who spoke at the recent PBEC supported Chinese Economic Technology Summit held in Shenzhen at the Shangri-la Hotel on 7th Nov 2023. View attached slide…
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DL Holdings Group Limited (“DL Holdings” or the “Company”, together with its subsidiaries, the “Group”, Stock Code: 1709.HK) issued a voluntary announcement on the Hong Kong Stock Exchange today, announcing that the Company officially launched the global artificial intelligence (AI) family office with a year of preparation, which would accelerate the global strategic planning of AI wealth management on top of the foundation of the existing digital family office. Read More HERE: https://finance.yahoo.com/news/dl-holdings-1709-hk-launched-101100884.html
The negative factors that affected the stock market are in the rear-view mirror or getting there, and the prospects of higher stock prices in the months ahead are supported by rebounding earnings growth, a recovering economy and cheap valuations, according to Michael Kokalari, chief economist at VinaCapital. Read More HERE: https://vietnamnews.vn/economy/1636502/vn-stock-market-ready-for-rebound-as-negative-factors-abate-vinacapital.html
Chinese retail sales grew in October at the fastest rate in five months, data showed Wednesday, boosted by an extended holiday at the start of the month, though other indicators pointed to still-sluggish demand in the world’s number-two economy. The country slipped back into deflation last month, while exports continued to fall, highlighting the challenge for officials grappling with weak domestic consumption and a faltering recovery since Beijing abolished strict zero-Covid curbs in late 2022. Read More HERE: https://www.ibtimes.com/china-retail-sales-surge-october-economy-remains-sluggish-3718551
APEC LEADERS BACK WTO: Leaders of APEC have backed a global trading system with the WTO at its core. In a Golden Gate Declaration in San Francisco they said they were committed to reform of the WTO to improve its function including having discussions to have a fully-function dispute system restored by 2024. IPEF LEADERS MEET: Leaders of the IPEF economies have welcomed the ministerial signing of a supply chain agreement. They also announced the substantial conclusion of negotiations for…
Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has received the full subscription amount of $240m from the global investment firm KKR and has allotted 17.1m equity shares. Following the share allotment, KKR’s shareholding in Reliance Retail Ventures Ltd (RRVL) has increased to 1.42 per cent, from 1.17 per cent. “Reliance Retail Ventures Ltd today received the subscription amount of $240m from Alyssum Asia Holdings II Pte. Ltd. (KKR) and allotted 17,158,752 equity shares to KKR,” Reliance Industries…
Milan May 2023 highlighted reel – which was our first PE major event of the year 2023 https://drive.google.com/file/d/1w9amNARIROInji1jERo8KzgPLCfemnQM/view?usp=sharing) Followed by London (SEP 2023) and Munich (SEP 2023) conferences, attached are pictures of these events. https://drive.google.com/drive/folders/1-HE-Zj0fKj9GcrfQT8TE4s9AwH5Pcgn2?usp=drive_link https://drive.google.com/drive/folders/1ZKgkEyOHNidpJ3U43v-oAIh35yUdNsBF?usp=drive_link We are having ANNEMARIE DALKA, the chair of NVP, the industry body of Netherlands as a speaker in Benelux. https://pe-insights.com/our-network/companies/pfr/annemarie-dalka/
Discount code: PBEC25 for any LP/GP and PBEC members wishing to join these two events. Amsterdam (Benelux) on October 27th, 2023 Stockholm on November10th, 2023 Here are the TWO upcoming Conference links for further information on how to register and join. About PE Insights: Private Equity Insights is a leading independent conference provider in the Private Equity space and has been in the industry for over 13 years. Private Equity…
Velocity Technology, a leading IT professional services firm headquartered in Hong Kong and serving clients across the Asia Pacific region, is thrilled to announce its vibrant rebrand. The rebrand reflects Velocity’s commitment to “shining the light on all things IT” for their clients, and marks a significant milestone in the company’s growth and expansion. Celebrating our New Look & Strengthened Team Velocity Technology Unveils Vibrant Rebrand with StratusRed, City Computing and Talented City as New Additions to the Velocity Group…
The recent cyberattack on the MGM Grand Casino network another reminder of the growing challenges in the realm of cybersecurity and the importance of acting swiftly. MGM international disclosed that it is dealing with a cybersecurity issue that impacted some of its systems. The Fortune 500 company, with USD14 billion in annual revenue, operates hotel and gaming venues around the world, notably in Las Vegas. With the incident, the hacker group Scattered Spider was able to social-engineer their way into the company’s systems in 10…