55th Annual Dialogues Summit

“Thank you very much for inviting me to this very enriching and lively discussion. In particular, it confirmed the fact that us islanders can help each other in leading the way towards achieving the UN-SDGs, or even better, the newly coined acronym RDG’s that we heard at your annual PBEC summit perhaps for the first time. There is an open invitation to PBEC to pay us a visit here in Tahiti on route to APEC 2023.”

Vincent Dropsy Chair of the PECC committee in French Polynesia (FPTPEC) & Professor of Economics, Codirector of the Center for Tourism Studies in Oceania and the Pacific (CETOP) at the University of French Polynesia (UPF).

“Thank you once again for the opportunity to join a stimulating & informative plenary panel this morning! Looking forward to continuing to work with you all at PBEC on these important issues.”

 Stephen Jacobi Executive Director, APEC Business Advisory Council Alternate (New Zealand)

Thank you, Michael for putting together this important session of water security and congratulations on delivering a wonderful event. Your efforts are most valued and appreciated. I continue to be an ardent supporter of PBEC and happy to participate in future activities more often going forward.”

Dr. Parag Agarwal Janajal Founder & CEO & PBEC member (Singapore)

READ MORE AND WATCH THE DIALOGUES RECORDED ON ZOOM HERE…

News
News
China uniquely restrictive data laws
: 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…

APEC Data trasnfer certified image
: 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…

: 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…

img-iaw-wto
: 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…

Russia shuts down Crypto mining
: Here’s why experts say the crypto market will be just fine despite a possible Russian ban on everything from mining to trading

When the central bank of Russia proposed a sweeping ban Thursday on crypto activity, digital assets barely skipped a beat. Bitcoin even rose around 5% at one point during New York trading hours. “There are bigger concerns right now in crypto right now,” Chris Vecchio of DailyFX told Insider. “What’s happening is much more closely tied to global stimulus conditions and central banks pulling back their pandemic era efforts. That, to me, is the prevailing story here.” John Wu, president…

PBEC Webinar -Supply Chain Transparency
: PBEC Webinar – Achieving Equitable Supply Chain Transparency

You are invited to a Zoom webinar. When: Jan 20, 2022 11:00 AM to 12:15PM Hong Kong SAR Topic: Achieving Equitable Supply Chain Transparency  Please register in advance for this webinar: https://us02web.zoom.us/webinar/register/WN_O5rbcEobSMO0PNjtCLavdA After registering, you will receive a confirmation email containing information about joining the webinar. ‘What are the challenges and priorities in 2022 to keep supplying and delivering, including emission reduction pressures?’ A PBEC hosted webinar led by our moderator Anson Bailey, who is bringing together experts and commentators…

: Ardern letter stored in Apec ‘time capsule’ for 20 years

An Apec-branded Covid face mask, a handwritten letter from Jacinda Ardern to a future NZ Prime Minister and even a copy of the Herald’s Apec 2021 supplement are among items being tucked away within a time capsule which will be “unearthed” when New Zealand next hosts Apec. In her letter to a future prime minister, Ardern expresses her hope – for the sake of everyone – “that you don’t find yourself hosting in the middle of a pandemic!” “May your…

PBEC Patron Members
Member Updates

PBEC’s Board of Director Hendrick Sin Director has officially registered to participate in the 14th Hong Kong District National People’s Congress election. He is a pioneer in the Bay Area as an IT entrepreneur: Hendrick studied computer science at undergraduate level and then completed a master’s degree at Stanford University. He started his own very successful business in Shenzhen that went onto be public traded in HK – leading the company to develop at the forefront of the gaming/entertainment industry…

PBEC is pleased to announce the 2022/23 winners of its re-established Environmental Annual Awards renamed ‘The PBEC ESG Corporate Governance Annual Awards’. These are strictly non-sponsored or financially influenced awards judged on sheer merit. For this first return of these annual ESG awards after a 16-year hiatus (previously named the PBEC Annual Environmental Awards from 1998-2006), the assessment and judging was conducted by the PBEC International Secretariat only. The award selection was based upon pre-established criteria and comparative analysis of…

Aboitiz Power Corporation (AboitizPower), through its subsidiary Aboitiz Renewables, Inc. (ARI), recently signed a joint venture agreement with global renewable energy company Mainstream Renewable Power (Mainstream) to build a 90-MW onshore wind project in Libmanan, Camarines Sur. URL Link to PR: https://journal.com.ph/aboitizpower-and-mainstream-renewable-power-enter-into-first-jv-agreement-for-90-mw-wind-project-in-camsur/

BlueOnion is a purpose-driven organization and is a leading B2B2C ESG modeling and analytics platform with AI-driven visualizations and analytics for both buy side and sell side investors. It addresses the entire financial ecosystem’s ESG and sustainability behavior and performance and helps asset owners and managers make ethical and responsibly intelligent decisions. BlueOnion has a board of directors who are prominent veterans in the finance and sustainability field and are enthusiasts to drive responsible investing. https://laotiantimes.com/2022/09/06/dr-george-lam-bbs-jp-appointed-non-executive-chairman-of-board-for-esg-fintech-leader-blueonion/

LEI YU Chief Executive Officer, North Asia, Regional Head of Distribution, Asia, QBE Asia Pacific Lei Yu has joined PBEC and has been appointed to the board. Lei was Chief Executive Officer at Marsh Hong Kong, and Director at L2 SPACE. Lei Yu joined QBE Insurance in 2018. Lei Yu is currently Chief Executive Officer, North Asia, Regional Head of Distribution, Asia at QBE Asia Pacific “PBEC is a great platform providing meaningful connections and partnerships for the local &…

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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Invitation to attend the Canada-ASEAN Business & Investment Forum Feb 2023 in Indonesia

CABC- Canada-ASEAN Business Council is hosting its flagship Canada-ASEAN Business & Investment Forum on February 23 & 24th 2023, in Jakarta, Indonesia. The Forum is by-invitation only and aims to convene 200-300 Canadian and Southeast Asian business & government leaders. PBEC is an official Supporting Organization to help promote this event and to invite PBEC members to attend. PBEC members enjoy the following benefits: PBEC members enjoy the same ticket discounts as CABC members. Click HERE for the full Forum…

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A JOINT PBEC CHRISTMAS PARTY 2022 – SOCIAL NETWORKING EVENT IN ASSOCIATION WITH (FEW) IN HONG KONG

PBEC is supporting a joint Christmas party together with the Female Entrepreneurs Worldwide (FEW) and several of their business partners – Gafencu Magazine, L’VOYAGE, QonBay, Brainwin Funds, TIC Capital and SPARQ Capital on Tuesday 13th December 2022 7.30-1030pm in Hong Kong. We expect in total 100-150 guests. Each ticket is HK$800 (charged at cost) an evening of free-flow food and drink, Claude Monet immersive art show, musical performance and business networking. FEW will take care of the full event planning…

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.

Our Mission

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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