PBEC Insights UK & EU Markets – July 2020 An opinion piece by Renee Pan Brexit and the 2019 general election has caused significant financial uncertainty within the UK. Brexit even though widely forgotten during the coronavirus pandemic is still very much alive. The UK are entering critical stage of negotiations with European Union. This along with the coronavirus (COVID-19) situation has increased the level of financial uncertainty within the region. Given the unprecedented scale of disruption caused by the…
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PBEC announces the appointment of a UK/EU representative in Renee Pan to assist in growing its brand presence and overseas membership base for those corporations, founders and entrepreneurs who seek new opportunities, investment opportunities and meaningful business to business connections within the Asia Pacific Marketplace. Renee has been in the Luxury Hospitality Industry for over the past 12 years and has built up expertise in the areas of M.I.C.E (Meeting, Incentive, Conventions and Exhibition) as well as overseeing sales and…
Since HDR’s inception just over five years ago, the company has grown and developed dramatically, and through the BitMEX platform, we’re well recognised as a fast-growing and pioneering financial technology company. With an eye for the long-term growth, development and success of the company, we are always looking to attract brilliant people to join our team. So today marks an important milestone in our journey, as we announce the appointment of Dr. David Wong as Non-Executive Chairman of HDR Global Trading…
The COVID-19 pandemic will accelerate the adoption of automation by firms and organizations across the region, according to a new policy brief by the APEC Policy Support Unit and The Asia Foundation Dr Rebecca Fatima Sta Maria, Executive Director of the APEC Secretariat commented. “We have been mandated by ministers to prioritize the return of workers to employment. Our responsibility is to ensure that we support people at risk with greater inclusive policy instruments.” Read the story here: https://moderndiplomacy.eu/2020/06/29/covid-19-hastens-automation-new-apec-report-finds/
KUALA LUMPUR: It is not an overstatement that the members of Asia-Pacific Economic Cooperation (APEC) have fared well in managing the social and economic fallout from Covid-19. The region’s response to the crisis, whether individually or collectively, has been pointed and result-oriented. The adverse impact of Covid-19 has been reflected in weaker economic growth and large stimulus spending globally, since the pandemic was first detected in China at the end of 2019. Malaysia and its counterparts in APEC have not…
CMSC The Chairman’s Statement of the 36th ASEAN Summit was approved on June 26 2020 by ASEAN leaders. We, the Heads of State/Government of ASEAN Member States, gathered for the 36th ASEAN Summit on 26 June 2020. Under the theme of Cohesive and Responsive ASEAN in 2020, we underscored the need to enhance ASEAN’s unity, cooperation and solidarity, economic integration, ASEAN awareness and identity, and emphasized the importance of promoting ASEAN pro-activeness and capacity in seizing opportunities as well as…
China is asking meat and soybean exporters to certify that their shipments to China have complied with safety standards to ensure they are free of COVID-19. The new measure is scientifically unjustifiable, highly trade restrictive, and deeply damaging to exporters. China’s trading partners should consider a forceful response. No basis in science All the credible research done to date indicates that COVID-19 is not a foodborne disease. It is transmitted human to human through aerosol particles. Major international health institutions, including…
Reported record profits in the three months ending 31st May with the best yet to come claim senior management. Congratulations to Dr. Lim Wee Chai & his team. Malaysian group says lead times for new orders now extend to 400 days KUALA LUMPUR — Top Glove Corporation has reported a huge surge in quarterly profits as the coronavirus pandemic played into the hands of the world’s largest producer of latex gloves. Read more: https://asia.nikkei.com/Spotlight/Coronavirus/Top-Glove-cleans-up-with-record-profits-as-coronavirus-spurs-sales
PBEC Member news from AIA Hong Kong and Macau. Many congrats on another first for the China Insurance Market. Pioneering stuff. HONG KONG – AIA Company Limited has received approval from the China Banking and Insurance Regulatory Commission to convert its Shanghai Branch into a wholly-owned subsidiary of AIA Co. This new subsidiary will be incorporated in Shanghai and is the first wholly foreign-owned life insurance company approved for incorporation in Mainland China. The insurance company will now begin the application process for separate…
Great to hear positive stories and outcomes from our members teaming up having being introduced through a #pbec roundtable event. We wish them the best of success with their collaboration initiative. MACROKIOSK today announced that it will be collaborating with Silverlake to support virtual banks in Asia Pacific. In this partnership, both parties will join hands in researching and developing new products that will meet the needs of these digital banks. They will also be jointly pitching for projects with virtual…