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
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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…
Sands China has unveiled a new, greener energy plant at its Cotai Central hotel and resort. The forward-thinking development positions the Macau property as a beacon of sustainability in terms of energy generation, setting an example that others are sure to follow. We find out more. Embracing energy efficiency in Macau Sands China is laying the groundwork for a sustainable future with the help of innovations made at its Sands Cotai Central integrated resort. The Macau landmark will now benefit…
FEC and Chow Tai Fook each own a 25% stake in the Queen’s Wharf Brisbane casino development An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing that allows the controversial development to press ahead despite opposition from preservationists and design groups. Australian gambling and entertainment company Star Entertainment Group, which has teamed up with David Chiu’s Far East Consortium and New World Development chairman Henry Cheng’s Chow Tai Fook Enterprises…
The Foundation of the UQAR has just completed the delivery of 70 000$ in scholarships to graduating students and graduates of the université du québec à rimouski, thanks to the generosity of the graduate Bernard Pouliot (in the photo). The grant of 35 scholarships of$ 2000 each is done through a random drawing from among all graduating students and graduates of the winter semester. A specific contribution of$ 100,000 to Bernard Pouliot paid in the context of the festivities surrounding the 50e anniversary…
Element AI, a global developer of artificial intelligence-powered (AI) solutions and software, announced a collaborative relationship through the signing of a Memorandum of Understanding (MOU) with Union Bank of the Philippines (UnionBank). The Montreal-based company will be contributing to the development of a governance framework for the responsible adoption of AI as UnionBank looks to develop trusted and fair AI solutions for its customers. We wish PBEC member Miguel Aboitiz well with this digital initiative for a further enhanced customer banking experience….
Robert Koepp, Principal at Geoeconomix, LLC talked about how the pandemic is changing foreign investment strategies in China.
Click here to register – free of charge Co-hosted by the Confederation of Indian Industry (CII), Horasis will convene its annual Horasis India Meeting on 22 June. The meeting gathers 400 of the most senior members of the Horasis Visions Community to jointly inspire India’s future. The confirmed cases from Covid-19 continue to rise in India and elsewhere, creating dire economic and political challenges. At this critical moment, the Horasis India Meeting will take an in depth look at both…
Headquartered in China, the Boao Forum for Asia (BFA) is an international organization jointly initiated by 29 member states. BFA holds its annual conference in Boao, Hainan on a regular basis. The founding purpose of BFA was to promote economic integration in Asia. Its mission now is to pool positive energy for the development of Asia and the world. The accomplishments of BFA have been impossible without the strong support and active participation of the governments of member states, various…