To coincide with the Singapore Airshow and PBEC’s Board member Isola Capital opening its new office in Singapore, we hosted 35 members and friends of PBEC for networking drinks and canapes. A special thanks to Isola and to Jet Aviation for sponsoring this unique event. Guests included FEC Group Singapore, SAP Singapore, Bitmex, Microsoft, Airwallex, Stripe, UBS, Jet Aviation, several single and multi-Family offices, KPMG AsPAC, aviation specialists, wealth managers, lawyers, AON, Bombardier, Gulfstream & Isola Capital amongst others etc…
Congratulations to PBEC’s Board of Director Peter Burnett who received his OBE in person from Her Royal Highness Princess Anne in Windsor two years on from being bestowed this wonderful award & recognition for all the work he has done. In 2022 Peter was honoured by Her Majesty, Queen Elizabeth in her last New Year’s Honours but due to Covid restrictions the official ceremony was postponed till 2024. PBEC is so very proud of you. Click images to enlarge
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Two years into the most significant contraction of the innovation economy since the dot-com bubble, and signs of normalization — dare we say recovery — are on the horizon. It feels like we are closer to the end than the beginning. Late-stage tech valuations reached the bottom in mid-2023, ticking up in the back half of the year. Seed activity remains resilient as valuations still trend up. Investment, while not growing, seems to have stabilized. Many companies are only now…
We have seen some encouraging end of 2023 results coming through these past week from Asian economies like Vietnam, Philippines and South Korea in particular export data, but whilst there is optimism for 2024 amongst economists for certain ASEAN economies including Thailand, Indonesia, Malaysia & India. It can’t hide the fact overall there is still alot of risks around and a real lack of support for SME’s still suffering to adapt to the lack of demand and price sensitive consumers….
30 days Visa Free travel reciprocated between Singapore and China. 🇨🇳 On January 25, representatives of the Government of the People’s Republic of China and the Government of the Republic of Singapore signed the Agreement between the Government of the People’s Republic of China and the Government of the Republic of Singapore on Mutual Visa Exemption for Ordinary Passport Holders in Beijing. The agreement entered into force on February 9, 2024 (Lunar New Year’s Eve). Read More: https://www.ica.gov.sg/news-and-publications/newsroom/media-release/mutual-30-day-visa-exemption-arrangement-between-singapore-and-the-people-s-republic-of-china
The eighth Horasis Asia Meeting took place over 3-4th December in Bình Duong, Vietnam co-hosted by Binh Duong Province and Becamex IDC. The Horasis Asia Meeting has become the foremost annual meeting for Asia Pacific business leaders and their global counter-parts. The event offers businesses and government officials a platform to discuss a wide range of issues related to the economy. The meeting assembled over 600 delegates from government, businesses and civil society world-wide.\ The COVID pandemic has not ended…
After a challenging 2023, all indications are that 2024 should be a stronger year for Vietnam’s economy, driven by a rebound in the manufacturing sector and an improvement in consumer sentiment. In addition, the plunge in interest rates throughout 2023 should help boost the real estate market after having helped support the stock market last year. In 2024 we expect GDP growth to increase Domestic consumption growth to recover The VNI to increase by 10-15% Read more…
China Economics Update Jan 2024Credit growth picked up for the third straight month in Dec, reflecting strong government bond issuance. Bank loans were softer than expected. Despite being on a moderating trend, medium- to long-term (ML) corporate loan demand remained resilient in Dec. Growth in household mortgage loans has hovered around recent lows, helped by continued policy relaxation in the property sector. We expect government bond issuance to remain robust in the months ahead. Local governments began to front-load special…
The total nominal GDP of the ten ASEAN nations measured in US dollar terms amounted to USD 3.6 trillion in 2022, more than doubling compared with total GDP of USD 1.6 trillion in 2009. The total size of the ASEAN economy was slightly larger than India in 2022, which had an estimated GDP of USD 3.5 trillion in that year. Read more: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/asean-economic-outlook-in-2024-Jan24.html