PBEC CEO Michael Walsh will join high-ranking government officials, corporate chiefs and well-known entrepreneurs from China and Southeast Asia On February 25-26th. This two-day virtual conference will discuss issues including – China’s 14th five-year plan, US-China economic decoupling, maritime diplomacy, business travel and tourism, strategies to reopening economies, women & youth issues, digital health and much more. The conference is free to to register for PBEC members. Link to register: https://onair1c.eventsair.com/scmp-event/ccsea/Site/Register Panel: Taking flight: What does it take to revive…
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Issue:002 ANZAC TRADE MINISTERS TO TALK: Australia & New Zealand Trade Ministers Tehan and O’Connor are to have their first bilateral talks this week. It follows contentious comments by NZ’s O’Connor on how Australia could repair its trade relations with China. Tehan told the ABC he was grateful O’Connor had called him to clarify the comments. UK ASKS TO JOIN PACIFIC FTA: The UK requested on Monday 1st Feb 2021 to join the Trans-Pacific Partnership (CPTPP). It will be the…
PBEC round up of key discussions around supply chains at the World Economic Forum’s (WEF) virtual annual meeting in Davos, Switzerland. Addressing supply chain fragility The global landscape has become fragile and industries have adapted in response. Frans van Houten, CEO at the electronics firm Royal Philips, called for increased preparedness, data transparency, and coordinated efforts between public and private sectors for future pandemics. Among key lessons learnt from the crisis was the need to ensure supply requirements can be met,…
It’s a pleasure to have been asked to share my thoughts on the outlook for Fine Wine Investment in 2021. I do hope you enjoy reading this research, and find it enjoyable, interesting and perhaps above all though-provoking… Fine wine investments are on firm footing for the year ahead. A stable track record and growing geographic diversity form the basis of our positive outlook despite the challenging global backdrop as we head into 2021. The past year underscored that fine…
Featured article by PBEC Member : Joanna Caen PraxisIFM Managing Director Hong Kong Email: Joanna.caen@praxisIFM.com At first glance it may seem strange that many high net worth, and even more ultra-high net worth, individuals and families choose to own their personal wealth through asset holding structures. After all, wouldn’t it be simpler to own the assets directly, retaining direct legal and administrative control? In this article, Joanna Caen, Managing Director and Novia Lu, Senior Business Development Manager of PraxisIFM (Hong…
While most of Asia’s wealth managers are eyeing the new economy sector, some market-leading Chinese companies in traditional industries that have accumulated substantial wealth offshore but still lack financial services due to their size and market cap can provide these managers with great opportunities. “We are in a very strange world where there are very good companies with market capitalization of between HK$3 billion and HK$6 billion, which are not large enough to attract the big investment banks to provide…
Sands China Ltd has announced a discretionary allowance for more than 26,000 eligible full-time team members, completing the set of all six Macau concessionaires to have confirmed employee bonuses. The discretionary allowance, to be paid on 8 February, will be equivalent to one month’s salary capped at MOP$45,000 which the company says is in gratitude of team members’ dedication and contributions in 2020. The discretionary allowance will benefit 99% of Sands China employees, it added. “First of all, our special…
THE ABOITIZ group has committed to donate additional vaccine doses for the second wave of the tripartite initiative among the private sector, the government and UK-based AstraZeneca plc, it said on Tuesday. The program dubbed “A Dose of Hope” aims to bring in 3 million more vaccine doses on top of the 2.6 million doses that were pledged in November. The initiative aims to inoculate as much as 70 million Filipinos in 2021. The Aboitiz group joined more than 300…
PBEC Board of Director and Corporate Member KPMG unveils its “Global Impact” Plan at virtual World Economic Forum – Davos 2021. Message from Bill Thomas Global Chairman and CEO KPMG International. “As a firm, we’re driven by our Purpose — to inspire confidence and empower change. And after a year like 2020, our purpose has never been so important. The world faces existential challenges; confidence is shaken and change is needed. A global pandemic. Protests against racial injustice. Rising unemployment…
The developer has appointed Timea Nacsa as assistant development manager, Adam Barbour as completions coordinator and Stephen Clayton as sales manager, as it progresses the £1bn Northern Gateway and other schemes. Far East Consortium is mapping out the first phase of the masterplan to deliver up to 15,000 new homes across north Manchester over the next 10 to 15 years, in joint venture with the city council. In the meantime, it is constructing homes at its other Manchester schemes, the £150m…