Listen on Soundcloud: PBEC.org · PBEC Podcast Series July 2020 – Impacting Investing Or click here to listen directly on Soundcloud. Or watch on Youtube:
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The appetite for sustainable investments among financial institutions, funds and corporates in Asia continues to rise, and further public and private sector cooperation is needed, according to latest analysis by the Pacific Basin Economic Council (PBEC), ESCAP Sustainable Business Network (ESBN) and KPMG. Michael Walsh, Chief Executive, Pacific Basin Economic Council, said: “Public attitudes are changing fast and the sustainability debate has become an inclusive policy in boardrooms globally. There are significant opportunities in this region by adopting ESG standards….
Respondents to a PECC survey do not anticipate a swift rebound from the crisis in 2021 with growth levels for the Asia-Pacific remaining below 2019 levels for the next 3-5 years. The survey of 710 policy experts from business, academia, government and civil society was conducted from 19 May to 12 June, 2020. An analysis of the responses also provides insights for further commentary on the regional outlook and the strategies available for transitioning out of the current situation. One…
China is trialing a Central Bank Digital Currency (CBDC) and the digital Yuan could displace physical cash over the next few years. This gives enormous power to the Chinese state and the trade implications are significant China is leading the way with the digital Yuan China is leading the way among large economies in trialing Central Bank Digital Currency (CBDC). Its official name is Digital Currency Electronic Payment (DCEP). The digital Yuan, unlike Bitcoin and other private currencies, will be…
Macrokiosk announced 22 July that is has allocated a US$705,000 (RM3 million) subsidy to help small and medium enterprises (SMEs) in Malaysia to embrace digitalisation through its BOLD. for SME initiative. The company, a leading Digital-as-a-Service player in Asia celebrating its 20th anniversary this year, says this is in line with their efforts to assist Malaysia’s SMEs to restart their businesses following the Covid-19 pandemic and the movement control order (MCO). The allocation of the subsidy is meant to provide a…
AIA, the largest life insurance company in HK, plans to hire 6,000 more sales agents this year, 1,000 more than its annual average. “As the emergence of Covid-19 has increased the awareness of insurance protection and risk management, we have strong confidence in the insurance industry future outlook. We invite high calibre talent to join our professional elite team of financial planners.” Peter Crewe commented. Hong Kong insurance titans like AIA, Prudential are on a hiring spree as they bet…
Chairman David Chiu feeling bullish & actively pursuing investment opportunities – 30+ targets as property prices in hotels slump due to Covid-19. Far East Consortium International (0035) has seen an increasing number of buyers and inquiries from Hongkongers for its property projects in Manchester, and chairman David Chiu Tat-cheong expects the trend to continue following the news that up to three million Hong Kong residents are to be offered the chance to settle in the UK and ultimately apply for…
PBEC BoD & Member: Top Glove Corp – Chairman Tan Sri Lim bullish on continuing demand – the best quarterly results still to come. Announces investment of 4-5 new factories to be constructed within next 12 months in Malaysia to meet Global demand. KUALA LUMPUR: Malaysia’s largest rubber glove manufacturer Top Glove is investing US$1 billion over the next five years to expand its production capacity, in order to meet surging demand for protective gloves amid the COVID-19 pandemic. Speaking…
Aboitiz Group President and Chief Executive Officer Sabin M. Aboitiz was recently appointed as a member of the APEC Business Advisory Council (ABAC), joining two other previous appointees to represent the Philippines. ABAC was created in 1995 by Asia-Pacific Economic Cooperation (APEC) Leaders to provide advice on the implementation of the Osaka Action Agenda. It currently serves as the voice of the business sector, specifically providing information on business-related issues or providing the business perspective on specific areas of cooperation….
Hong Kong will attract listings by international companies, not just Chinese firms, as Greater Bay Area opens up, outgoing IPO panel chief says Hong Kong will continue to attract listings by international and Asian companies in the coming years, as the 2018 reforms and a soon to be launched wealth management connect scheme increase access to and capital flows from the Greater Bay Area, said Andrew Weir, who steps down as chairman of the Listing Committee this week. The 28-member committee…