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…
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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…
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….
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…
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…
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…
Issue: 018: April 2022 SOUTH KOREA TO MAKE FTA BID: South Korean media are reporting the economy will soon file a formal membership bid for the CPTPP FTA. The CPTPP has been signed by 11 economies including Australia, Canada, Japan, NZ and Singapore. The UK, China, Ecuador and Taiwan have also flagged interest in joining. ASEAN LEADERS HEAD TO THE WHITE HOUSE: Leaders of ASEAN will be in Washington DC on May 12 and 13 for a US-ASEAN Special Summit….
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,…