Member Updates – Featured

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: PBEC New Member Announcement – PBEC Welcomes Datuk Adam Yee MD & CEO of Powerwell International Sdn Bhd – July 2023

Powerwell International Sdn Bhd is a wholly owned subsidiary of Powerwell Holdings Bhd KLSE: PWRWELL Datuk Adam Yee is currently their Managing Director & CEO of Powerwell International Sdn Bhd. Adam is also a member of the Board for the Malaysian German Chamber of Commerce (MGCC) and a subcommittee member for Construction and Development for Malaysia China Business Councils (MCBC). With Adam leading the helm, his appointment in Powerwell in 2022 has accelerated the company’s successes even further. After his…

PBEC BoD Lei Yu Award

: PBEC’s BoD Lei Yu CEO North Asia at QBE Asia wins Insurance Industry Elite Women 2023 Award – July 2023

  As the CEO for North Asia and Regional Head of Distribution at QBE Asia, Lei Yu has implemented well-defined strategies for the business and its distribution and partnership areas. These strategies have been instrumental in driving the company’s Asia growth ambition. Lei brings a wealth of knowledge and experience in driving profitable growth, having served in executive leadership positions in various global insurance hubs over her career. “I strongly believe in the power of teamwork,” she says. “I actively…

Adam Yee MD Powerwell Group

: PBEC’s Powerwell wins contract from Bangladeshi Solar Company – July 2023

PBEC’s Powerwell International Sdn Bhd, a wholly owned subsidiary of Powerwell Holdings Bhd, has successfully obtained a purchase order (PO) worth RM40 million from a solar supplier company in Bangladesh, Dynamic Sun Energy Private Ltd which is also a unit of Paramount Group Bangladesh. In a statement today, the manufacturer of low voltage (LV) and medium voltage (MV) electrical power supply equipment said the new PO is expected to contribute positively to consolidated income and net assets for the financial…

: PBEC Member: CCBI SECURITIES | RESEARCH

The Big Picture Boosting growth while eyeing the long term. What are the policy options for China? By Li Cui The latest Chinese data indicates a modest recovery post pandemic, with diverging sectoral trends. After the strong rebound in 1Q, the Chinese economy grew at a more modest pace of 0.8% in 2Q. The latest data paints a mixed picture: while industrial growth and investment outperformed market expectations in Jun, the incipient consumption recovery disappointed. To view the latest report…

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: PBEC’s Patron Member KPMG commit to $2 billion AI investment partnership with Microsoft – July 2023

KPMG will invest at least $2 billion over the next five years with Microsoft to co-develop cloud and generative AI tools, the companies announced Tuesday. Why it matters: Rival consulting giants like PwC and Accenture also have made large-scale commitments toward AI-powered changes. Details: All of KPMG’s businesses — audit, tax and advisory — will be impacted by the products that will be developed through this expanded partnership, KPMG U.S. chair and CEO Paul Knopp tells Axios. KPMG and Microsoft…

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: PBEC’s Corporate Member FEC Group – Wins Three Honours at the HKIRA 9th Investor Relations Awards – July 2023

Far East Consortium International Limited (“FEC” or the “Group”) is delighted to announce that the Group has won three honours at the HKIRA 9th Investor Relations Awards 2023 (“Awards”) hosted by the Hong Kong Investor Relations Association (“HKIRA”), including “Best IR Company”, “Best Investor Meeting” and “Best Annual Report”. The results were announced at the Awards Presentation Ceremony held in Hong Kong on 28 June 2023. FEC has won the “Best IR Company” award for the eighth consecutive year. Furthermore,…