News – Featured

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28 Jul: Photo Competition for APEC 2022 Thailand

PBEC Community is invited to participate and share its creative ideas and moments that have been made easy as digitalization sweeps through the region and all over the world. Through technology, photos and videos are uploaded onto the internet and they instantly appear on millions of phones and computer screens. Increasingly through digital initiatives, PBEC continues to drive its advocacy efforts to build prosperity for people in the Asia-Pacific region. For this year’s APEC Photo Contest, they are seeking creative…

Singapore-Mercosur by the numbers

26 Jul: SINGAPORE AND MERCOSUR SUBSTANTIVELY CONCLUDE FREE TRADE AGREEMENT NEGOTIATIONS

Singapore and MERCOSUR have substantively concluded negotiations on the MERCOSUR-Singapore Free Trade Agreement (MCSFTA). Minister for Trade and Industry Gan Kim Yong and MERCOSUR Ministers jointly announced this yesterday via videoconference on the sidelines of the MERCOSUR Summit 2022 held in Paraguay. Minister of State for Trade and Industry Alvin Tan also delivered remarks via videoconference. Full Press Release HERE

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26 Jul: B20 Indonesia Digitalization Task Force Presents 4 Strategic Recommendations

Chair of B20 Indonesia Digitalization Task Force Ririek Adriansyah presented the strategic and objective issues that the Digitalization Task Force aims to achieve. “The essence of our work as Indonesia’s B20 Digitalization Task Force is to ensure that digitalization could drive future growth while bridging the digital divide, which eventually leads to an inclusive digital transformation,” said Ririek, who is also the President Director of PT Telkom Indonesia (Persero) Tbk (Telkom). Ririek presented the four recommendations that the Digitalization Task…

16 Jun: BloombergNEF Announce Its First Net Zero Summit In Bali Ahead Of B20 And G20 Summits

Net zero-themed Summit to convene 300 global and Indonesian business leaders and investors on November 12, 2022 New York, May, 2022 – BloombergNEF (BNEF) will host a special one-off BloombergNEF Summit Bali on November 12, 2022 ahead of the Business 20 (B20) and G20 Summits taking place in Bali, Indonesia, in the days that follow. The Business 20 (B20) is the official G20 dialogue forum with the global business community. The net zero-themed Summit will bring together 300 global and…

16 Jun: Deputy Prime Minister Jurin’s Statement on the APEC Trade Ministers’ Meeting

Chair of the 2022 APEC Ministers Responsible for Trade Meeting Bangkok, Thailand | 23 May 2022 Through a statement, Thailand Deputy Prime Minister and Commerce Minister Jurin Laksanawit, shared with APEC Trade Ministers and member economies his assessment of the prevailing views of all APEC member economies and the way forward for the forum to advance sustainable and inclusive growth. As the Chair of the 2022 APEC Ministers Responsible for Trade Meeting, Deputy Prime Minister Jurin’s statement addresses the three main priorities of APEC…

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30 May: A PBEC Interview with Skyportz Founder Clem-Newton Brown  

The missing link in Advancing the Aviation Mobility Sector – how Skyportz is seeking to address it. Interview by PBEC Renee Pan Advanced Air Mobility has been one of the most active sectors throughout Covid-19 in terms of advancement in designs and the about of R&D taking place globally as OEM’s of these electric hybrid verticals take-off and landing vehicles seek to obtain full certification from regulators to commence operations. However, one piece of the puzzle has been so far…

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29 May: Supply chains set for “substantial” restructure

in International Shipping News Leading chief economists have warned of a “substantial restructuring” of supply chains over the next three years, with both diversification and localisation expected. “Global supply chains have been increasingly redrawn over the past years, including through Brexit, the deep impact of the global pandemic, and the fallout and uncertainty from the war in Ukraine,” the World Economic Forum’s Chief Economists Outlook said. “Amid fears of continued shocks, both governments and business are rethinking their approach to exposure,…

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29 Apr: High commodity prices will slow fiscal consolidation in Asia

In announcing subsidies, tax cuts and other measures to lessen the impact of global price shocks on consumers and foster growth, Asia-Pacific economies could see fiscal deficits increase through 2022. – April 2022. Priyanka Kishore Head of India and South East Asia, Macro and Investor Services at Oxford Economics Makoto Tsuchiya Assistant Economist at Oxford Economics Coal mining in South Kalimantan, Indonesia. Photo by Dominik Vanyi on Unsplash. After fiscal deficits widened substantially in 2020, most Asian economies resorted to…

23 Feb: Indonesia’s B20 Task-Force Pushes Forward Priority Issues At Inception Meeting

Jakarta, February, 2022 The Indonesian B20 Task Force has held the first meeting in the series of B20 Indonesia Presidency 2022, where a number of crucial issues such as eliminating digital inequality, sharing green economy financing, and fighting global cybercrime became the main discussion. The Indonesian Chamber of Commerce and Industry (KADIN) held the Inception Meeting of B20 Indonesia Presidency 2022 on January 27-28 in Jakarta. The two-days forum was attended by more than 2,000 participants and government delegations from…

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30 Jan: Now is the time to think big on customs reform

“Customs has a key role in making trade seamless, safe and secure,” stated WTO Deputy Director-General Anabel González at a 20 January hearing of the European Union’s Wise Persons Group on Challenges Facing the Customs Union. DDG González observed that customs authorities need to respond and adjust to changes in the global trade landscape brought about by the COVID-19 pandemic, rapid technological developments, geopolitical tensions and climate change. She added that the role of customs was becoming increasingly complex, and…