News
News
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…

China uniquely restrictive data laws
26 Apr: Data Rules Risk Making China ‘Digital Island,’ Companies Say

April 21, 2022 Business group says unclear rules pose challenges to companies Xi Jinping’s government rolling out a host of major data laws China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns.  The government’s curbs on data movement across borders, ambiguous regulation and inconsistent enforcement “are particularly challenging for multinational firms,” according to the US-China Business…

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26 Apr: APEC Cross-Border Privacy Rules Go Global

On April 21, 2022, the United States, Canada, Japan, Singapore, the Philippines, the Republic of Korea and Chinese Taipei published a declaration (the “Declaration”) establishing the Global Cross-Border Privacy Rules Forum (the “Global CBPR Forum”). The Global CBPR Forum will establish an international certification system based on the existing APEC Cross-Border Privacy Rules (“CBPR”) and Privacy Recognition for Processors (“PRP”) Systems, enabling participation beyond APEC member economies. The Global CBPR and PRP Systems, as they will be known, are designed…

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…

PBEC Patron Member
Member Updates

PBEC Associated Grand Bauhinia Medal (GBM) Winners 2022     Dr WONG Ying-wai, Wilfred, GBS, JP Dr WONG is awarded GBM for his distinguished public service, particularly his tremendous contributions to the development of arts and culture, and the creative industry in Hong Kong. As the Chairman of the Hong Kong Arts and Development Council (HKADC) since 2011, Dr WONG has steered the HKADC in introducing arts spaces to meet the demand of arts practitioners, reforming the grants schemes, and bringing…

Adrien has been living in Asia since 2004, where he has been developing the Private and Business Aviation sectors for the major part of the past two decades. After working for a large private operator and selling business jets for Hawker-Beechcraft and then Bombardier across the region and globally, he founded Jet 8 in 2018 to provide tailor made private aviation solutions to clients in the Asia Pacific region. A true entrepreneur in his designated field of expertise with a…

PBEC Natalie Chung Sum Yue – Expedition Key Opinion Ambassador and Steering Committee Member is seeking to raise funds for her upcoming environmental expedition to the Antarctic to raise more awareness about climate change and its adverse affects to the people of Hong Kong SAR Download and view details of the expedition and sponsorship opportunities here

Exactly two months ago Urban-Air Port launched Air One to the world. For 3 weeks in #Coventry City Centre #UK, Urban-Air Port  hosted the AAM industry and for the first time the AAM consumer, showcasing the future of #infrastructure for the #advancedairmobility industry. After 15,000 visitors (including the press, 200 school children & university students, and attendees for closed door events); 1000 pieces of media coverage; 100 successful drone flights; 20 private events featuring world class catering; 1 fine dining experience and 1 maiden flight of a 23yr…

by Laura Singleton June 2022 The need for greater transparency, inclusiveness and ethics around AI was among the topics discussed at a Davos event hosted by the Business School. AI is evolving and is increasingly used as a tool for collaboration. Experts at the event, which coincided with the World Economics Forum, agreed that  it is important to be transparent whilst the industry is progressing rather than “getting everything right” privately. AI also needs to evolve with the changing demands and…

by Joanna Wilson, Deborah Evanson May 2022 PBEC Member Imperial College London is establishing a ground-breaking research institute dedicated to developing clean, safe and sustainable air-travel. Supported by a £25 million philanthropic donation, the Brahmal Vasudevan Institute for Sustainable Aviation will pioneer the breakthroughs and technologies needed to support the aviation industry’s transition to zero pollution. Its researchers will look at all elements of air transport, from fuel and aircraft design to airport infrastructure, air traffic control and aviation policy. The £25…

by Martin Sayers, Ryan O’Hare, Laura Gallagher, Emily Head, Deborah Evanson, Caroline Brogan, Hayley Dunning May 2022 PBEC member Imperial College has a greater proportion of world-leading research than any other UK university, according to the Research Excellence Framework (REF). The results confirm Imperial’s status as a world-class research university. The College ranks top in the UK overall – with a greater proportion of 4* “world-leading” research than any other UK university. Imperial ranks first in the UK for research outputs, first in the UK for research environment,…

Chris is an education entrepreneur, investor and non-profit leader focused on developing and scaling initiatives and technologies that lower barriers and reduce inequalities in accessing the opportunities of the Future of Work. He founded BSD Education in 2013, an educational software and curriculum provider that enables teachers in schools to teach students digital skills during their lessons. BSD has grown to work with schools around the world and has teams located in Hong Kong, Thailand, Philippines, and the United States….

OECD-WTO Business Consultation on Cross-Border Data Flows and Trade

On behalf of the OECD Secretariat through Jane Brockman OECD-WTO Business Consultation on Cross-Border Data Flows and Trade Data, and its flow across borders, support global economic and social interactions. However, regulation conditioning its movement across borders or mandating local storage has been on the rise. The Organisation for Economic Cooperation and Development (OECD) and the World Trade Organization (WTO) have joined forces to study some of the economic implications of this evolving landscape. Attached for your reference is the OECD…

Federico G. Lepe is an effective, accurate and assertive Government Affairs person and has achieved important national and international negotiations between Enterprises, Government and Academic Institutions. Federico G. Lepe represents the Council of Industrial Chambers of Jalisco and is President of the International Logistics Commission in Mexico. About: Grupo Comercial Control, S.A. de C.V. is located in Monterrey, NUEVO LEON, Mexico and is part of the Department Stores Industry. Grupo Comercial Control, S.A. de C.V. has 8,000 total employees across…

Mr. Anish Lalvani is the Chairman of Euro Suisse International Limited, an electrical appliance and consumer electronics marketing group, which has business interests in Hong Kong, Europe, Africa and the Middle East. Anish has lived and worked in the UK, USA, India and Hong Kong (since 1993) and holds an MBA degree from The University of San Diego. He is a Non-Executive Director of Chen Hsong Holdings Limited, a Patron of the Asian Cultural Council, a member of The HKUST…

  PBEC congratulates our Board Member Tan Sri Dato’ David Chui and his company FEC -Far East Consortium who were voted Best CEO and Best Small-Cap Company respectively by Finance Asia – April 2022. FinanceAsia is delighted to announce the winners of our annual poll investigating Asia’s Best Managed Companies. With the input of investors and analysts alike, this invaluable benchmark of the region’s most influential companies evaluates the corporate behaviour and performance of Asian peers over the past 12…

  PBEC Member News, April 2022 – We are pleased to announce that Mr. Huang a Co-Chairman of P.C. Woo & Co has joined the PBEC as a Corporate Member commencing 1st May 2022. He joined P.C. Woo & Co a leading law Firm in Hong Kong in 1983 as an articled clerk. Since admission as a partner of the Firm in 1991, he has been a managing partner, and oversees the Probate and Trust Practice and leads the Education…

The 2022 edition of our annual report with Morgan Stanley offers insights into the next cycle for the wholesale banking industry. The wholesale banking industry has passed through two cycles over the past decade: reform and restructuring from 2012-2019 and volatility-fueled growth from 2020-2021. The fundamental question facing the industry now is what the next cycle will hold. Wholesale banks face great uncertainty as we head into 2022, but we see more cause for optimism than concern. The wholesale banking…

The move has enabled the rubber glovemaker to reduce its average electricity cost while lowering its carbon footprint – April 2022. by AZALEA AZUAR / Pic by TMR FILE PIX TOP Glove Corp Bhd has inked a 20-year power purchase agreement (PPA) with Shizen Malaysia Sdn Bhd to purchase solar power generated by the latter. The PPA enables Shizen Malaysia to install, own and operate a 10MW peaking grid while Top Glove will purchase the electricity generated over the period….

  Supporting organisations with sustainable business transformation ESG performance (or corporate sustainability) is becoming an increasingly important senior leadership and boardroom agenda matter in virtually every industry. Many describe this decade as the one for the sustainable transformation of business. The shifting environmental, social, political, regulatory, and business environment creates opportunities to be explored and risks to be managed. Sustainable transformation is complex and entails managing a major process of change, affecting the culture and decision-making approach of organisations. With…

Dr Fredi Otto, Climate Scientist, Imperial College London  Dr Fredi Otto, Senior Lecturer at Imperial’s Grantham Institute was added to the 2021 TIME100, an annual list of the 100 most influential people in the world, for her work as co-lead of World Weather Attribution (WWA), an international effort to analyse and communicate the possible influence of climate change on extreme weather events. Fredi joined Imperial College London from Oxford where she was previously associate director of the Environmental Change Institute,…

Ninety One, the global investment manager, and Imperial College Executive Education collaborated in 2021 on a bespoke Climate Risk Programme to educate Ninety One’s employees. The programme deepened the understanding on climate-related risks and opportunities, to help inform investment decision-making. The three week programme was initially held for over 100 of Ninety One’s investment professionals and built on their ability to assess climate risk and knowledge of various pathways towards climate change mitigation. Additionally, the programme covered which technological developments…

PBEC member Redsip is an early monetization stage start-up in the hottest creator economy space [More than 140 U.S. companies in this sector raised at least $5 billion last year] Unlike OnlyFans, Cameo (both became unicorns last year), and other all-in-one creator platforms such as Memberful, Redsip focuses on turning creators into full-fledged small businesses in the lifestyle sector around wine & dine. The vertical is just now going through tremendous innovation triggered by the pandemic, while Redsip is plugging…

Imperial College Business School is pleased to offer all PBEC members a SPECIAL 15% discount on their portfolio of online and virtual executive education courses. Imperial College Executive Education combines Imperial College London’s capabilities in science and technology with strong industry connections to deliver impactful professional development programmes. Course topics include leadership, digital transformation, finance, strategy, and analytics, all designed to make you, your team and your organisation more competitive and sustainable. Online programmes include pre-recorded sessions with Imperial faculty,…

A novel agenda for digital trade BY Neha Mishra Lecturer, College of Law, The Australian National University Brief Description: Insufficient internet access and capacity for data processing often lead to the exclusion of developing countries from digital supply chains and creates excessive dependence on leading digital powers. Trade agreements can help bridge this global data divide, suggests Neha Mishra of the Australian National University. Download Mishra’s new paper to learn how regulatory cooperation can reduce trade barriers, foster needed trust,…

The coming decades hold great promise for Hong Kong’s continued development as a smart and sustainable city. 5G connectivity across the territory combined with strengthened capabilities in artificial intelligence, big data, blockchain, cloud and edge computing will enable a new generation of digital-enabled urban applications. These hold the potential to bring a myriad of benefits for cities, such as reducing traffic congestion, creating more energy-efficient buildings, designing more liveable public spaces, and improving delivery of healthcare and other services. Hong…

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The Pacific Basin Economic Council believes that through cooperation and the exchange of ideas, the private sector can work with governments to promote significant growth and prosperity in Asia Pacific.
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The Value Prop – episode 16

World Digital Economy and Technology Summit 2022

Chairman Andrew Weir opening remarks at the WDET- World Digital Economy and Technology Summit 2022,co-organised by the KSI Asia Pacific and PBEC

GWTC – Guadalajara World Trade Center, Mexico

GWTC is the International Air Cargo hub that connects Latin America with the World from Guadalajara

Events
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APEC CEO Summit 2022 Registrations will close soon– Urgent Action required

For those of you wishing to attend this years APEC CEO (In person) Summit in Bangkok on the 16-18th November 2022, you are kindly requested to register your interest via this link below. It also provides you with the latest delegate fee package costs. All applicant approvals or denials for receiving an official invitation by the organisers this year will be sent out to you directly via your registered email. I therefore ask you to urgently complete the registration process,…

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Upcoming Event: 4th Summit for Space Sustainability

When: June 22-23rd 2022 – Agenda Where: Hybrid event: Science Museum London, U.K. – Accommodation options here & access virtually via online live streaming platform PBEC is an official network partner of the Secure World Foundation Summit and our PBEC community is cordially invited to attend this exclusive event focused on the Future of Space exploration and its peaceful sustainable development. The summit promises to bring together governments, industry leaders, international organisations, academics and civil society groups to develop and…

About PBEC

PBEC – Pacific Basin Economic Council is by invitation ONLY a members based institution, that supports connectivity and cross-border regulatory standardisation efforts within APAC for all technological advancements, through dialogue, engagement and collaborative efforts.

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PBEC’s focus is to continual attain recognition as the most comprehensive multilateral platform for APAC business leaders to engage with, advocating key trade issues of importance under a fair rules based system, thus promoting cooperation amongst member States to achieve inclusive, sustainable economic and social development in Asia and the Pacific.

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PBEC – Promoting Trade Without Borders
PBEC Membership
PBEC Membership

Headquartered in Hong Kong SAR, the (PBEC) Pacific Basin Economic Council is the region’s oldest business leaders regional network provider and these days quasi-Think Tank assisting policy-makers. It is a strictly “By Invitation Only” members based organisation with over 24,000+ business leader, academic & Government representative affiliated globally. During Covid-19 the PBEC expanded its presence with official representation in the UK as part of its post-Brexit support connecting UK based firms pursuing a foothold in the Asian Market. It also renewed…

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