Regional trends in global sourcing
As businesses assess their operational capacity needs for a predicted bumpy recovery, to recalibrate during and post-pandemic, it is crucial to understand what brought us to this point and where it is likely leading us.
The Pacific Basin Economic Council (PBEC), Monash University Malaysia and KPMG, together with contributions from PBEC members, are pleased to publish this report on global sourcing, reviewing the most recently announced supply chain and sourcing movements in the region, charting a new course in Asia Pacific.
The President of the Republic Dina Boluarte on Friday 17th Nov 2023, received the Pro-Tempore Presidency of the Asia-Pacific Economic Cooperation (APEC) forum for 2024 from United States President, Joe Biden. The handover took place in a ceremony led by the U.S. Head of State, who underscored some issues addressed during this year’s summit, such as the participation of women in the economic sector and the use of technological advances. In turn, Mrs. Boluarte invited the 21 APEC member economies…
We are delighted to announce that Ron Hoffmann of SixRing Inc. a leader in the renewable #albertaenergy sector has agreed to rejoin PBEC – Pacific Basin Economic Council as a strategic advisor to the board on all matters regarding #canada and #northamerica – It’s a voluntary role at the non-profit. Ron is a recognized and highly respected figure amongst his peers within both industry and government circles on both sides of the Pacific. His passion for progressing and advocating cross-border…
Chinese retail sales grew in October at the fastest rate in five months, data showed Wednesday, boosted by an extended holiday at the start of the month, though other indicators pointed to still-sluggish demand in the world’s number-two economy. The country slipped back into deflation last month, while exports continued to fall, highlighting the challenge for officials grappling with weak domestic consumption and a faltering recovery since Beijing abolished strict zero-Covid curbs in late 2022. Read More HERE: https://www.ibtimes.com/china-retail-sales-surge-october-economy-remains-sluggish-3718551
Milan May 2023 highlighted reel – which was our first PE major event of the year 2023 https://drive.google.com/file/d/1w9amNARIROInji1jERo8KzgPLCfemnQM/view?usp=sharing) Followed by London (SEP 2023) and Munich (SEP 2023) conferences, attached are pictures of these events. https://drive.google.com/drive/folders/1-HE-Zj0fKj9GcrfQT8TE4s9AwH5Pcgn2?usp=drive_link https://drive.google.com/drive/folders/1ZKgkEyOHNidpJ3U43v-oAIh35yUdNsBF?usp=drive_link We are having ANNEMARIE DALKA, the chair of NVP, the industry body of Netherlands as a speaker in Benelux. https://pe-insights.com/our-network/companies/pfr/annemarie-dalka/
China is struggling to revive foreign investment in its financially battered cities and provinces as foreign firms remain wary of political risks and new incentives fall far short of sweeteners once used to attract overseas money. With their coffers depleted after an economically bruising pandemic and property crisis, local authorities have been racing to find new revenue sources, with foreign investment particularly coveted. Premier Li Qiang in March declared China open for business again, and since then provinces and cities…
The city-state offers a good case example for other Southeast Asian countries vying to become tech and innovation hubs By Nitin Pangarkar Academic Director and Associate Professor at National University of Singapore Paul Vandenberg Senior Economist at the Asian Development Bank Singapore has a vibrant ecosystem that nurtures and develops technology-based startups. Its ecosystem was ranked 18th in the world in 2022 and fifth in Asia, behind Beijing, Shanghai, Seoul, and Tokyo, by Startup Genome and Global Entrepreneurship Network. According to…
Facing global supply chain challenges, the Indo-Pacific Economic Framework promotes economic cooperation among 14 economies, strengthening supply chain resilience, fostering innovation, and driving growth By: Cyn-Young Park- Director for Regional Cooperation and Integration, Economic Research and Regional Cooperation Department at the Asian Development Bank Supply chains – the vital global connections between the making of products and their delivery to customers worldwide – have been tested in recent years. They are increasingly vulnerable due to a lack of coordinated oversight…
Now in its 12th year, the APEC Photo Contest showcases inspirational photos from around the region with a creative take on APEC host priorities. The annual photo contest celebrates the resilience and adaptability of the 21 APEC member economies. Share with us images that will make us think, reflect and admire how people are interconnected, innovative, and inclusive in their daily lives, what sights they see and the sounds they hear in the APEC region. How do you picture a…
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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
“Lots happening this week at ABAC/APEC in San Francisco around resilience of supply chains, sustainability, financial inclusion, digitisation, AI, etc – not to mention that all important meeting between two Presidents. And then there’s Boeing showcasing the first autonomous, battery-powered air taxi called “wisk” in a fetching bright yellow livery which can’t be missed ! The target price point is an Uber fare. I offered to be the first hailing passenger!” said PBEC’s BoD Peter Burnett OBE, BBS, JP
On October 29th 2023 – PBEC’s Sebastian Man hosted a small group of distinguished leaders in HK including PBEC CEO Michael Walsh for a dinner with the Former Consul General of the USA to HK and Macau Kurt Tong. He joined The Asia Group LLC a business advisory firm in 2019 with offices across Asia and HQ in Washington D.C. Kurt Tong is Managing Partner and member of the Executive Committee at The Asia Group, where he leads consulting teams…
DL Holdings Group Limited (“DL Holdings” or the “Company”, together with its subsidiaries, the “Group”, Stock Code: 1709.HK) issued a voluntary announcement on the Hong Kong Stock Exchange today, announcing that the Company officially launched the global artificial intelligence (AI) family office with a year of preparation, which would accelerate the global strategic planning of AI wealth management on top of the foundation of the existing digital family office. Read More HERE: https://finance.yahoo.com/news/dl-holdings-1709-hk-launched-101100884.html
The negative factors that affected the stock market are in the rear-view mirror or getting there, and the prospects of higher stock prices in the months ahead are supported by rebounding earnings growth, a recovering economy and cheap valuations, according to Michael Kokalari, chief economist at VinaCapital. Read More HERE: https://vietnamnews.vn/economy/1636502/vn-stock-market-ready-for-rebound-as-negative-factors-abate-vinacapital.html
Velocity Technology, a leading IT professional services firm headquartered in Hong Kong and serving clients across the Asia Pacific region, is thrilled to announce its vibrant rebrand. The rebrand reflects Velocity’s commitment to “shining the light on all things IT” for their clients, and marks a significant milestone in the company’s growth and expansion. Celebrating our New Look & Strengthened Team Velocity Technology Unveils Vibrant Rebrand with StratusRed, City Computing and Talented City as New Additions to the Velocity Group…
PBEC CEO Michael Walsh and Board of Director Sebastian Man who is also recently appointed to the MIT HK board committee were in attendance alongside leading HK business leaders/former and current Government officials supporting the MIT celebration of 150 years Women in STEM. The event was graced with multiple alumni of MIT including Marjorie Yang Mun-tak GBS a former PBEC Board of Director who represents Hong Kong at ABAC amongst many other esteemed titles and roles. We heard from the…
CCU International in partnership with CS Tech Solution Limited brought #carboncapture to Hong Kong for the first time at the recent #rethinkhk2023 expo. On the early morning before the expo opened, CCU International Founder and CEO Beena Sharma alongside CS Tech CEO Dixon Chan came and spoke with PBEC members at a closed door briefing session at the KPMG offices in Central. Our Chairman Andrew Weir and CEO Michael Walsh welcomed them to Hong Kong. Dixon expressed his excitement about…
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.
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.
AGENDA ITEMS:
1) Welcome remarks and regional perspectives by PBEC’s Chairman Andrew Weir MBE JP.
2) Remarks by Vice Chairman Dr. George Lam.
3) Insights from PBEC’s Anson Bailey’s interview with AI Futurist Zach Kass, formerly of Open AI.
4) Brief update from ABAC Canada’s Joseph Fung MD of Saltagen Ventures on the Food Security track at APEC, including observations from ABAC I Meeting in KL and the upcoming ABAC II meeting in Hong Kong SAR.
5) Observations and activities from Q1 and upcoming climate disclosures report by PBEC’s Michael Walsh, along with member events hosted overseas.
6) Open floor for additional comments and updates from delegates in attendance.
7) In closing remarks and action items – the Chair brings meeting to a Close
We are delighted to be joined by Andrew Weir our Chairman and Senior Partner and Vice Chairman of KPMG China on our latest episode of the Value Prop. Andrew provides us with some excellent commentary on the big topics concerning his clients and sharing some of his insights on the current status of APAC’s economy and where its heading into the latter part of 2023.
In celebration of International Women’s Day last week, the Hong Kong Exchanges and Clearing Limited (HKEX) hosted a “Ring the Bell for Gender Equality” gong-strike event, bringing together over 250 industry leaders. The event highlighted the leading role of capital markets in contributing to gender diversity and equality through affirmative actions. PBEC Chairman Andrew Weir moderated an all-female senior leadership panel discussion examining how capital markets can be doing even for to move the dial. PBEC supports all progress in…
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…
