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VISION: 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.
“PBEC releases its Global Sourcing Report on APAC 2023

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.

Read more…

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“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

PBEC’s VC Dr. George Lam BBS, JP spoke to lawmakers, stakeholders and delegates at the recent World Green Organisation and ESCAP-ESBN supported event on ESG for Climate Actions International Conference held at Cyberport HK. It was in a hybrid format with several hundred in the audience and over 25K were watching online. George highlighted the many challenges Asian economies still face in allocating sufficient resources and incentives to the private sector to reduce their own industrial carbon footprints. He emphasised…

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…

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The Value Prop – episode 25

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.

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PBEC’s key takeaways on Vietnam from Horasis Asia Meeting – Dec 2023

PBEC CEO Blog on Vietnam I have just returned to Hong Kong having finished attending and participating at this years Horasis Asia Meeting 2023 held once again in Binh Duong, Vietnam. For those of you who are unaware of this province, Bình Dương covers some 1,000 sq miles in landmass and has a population of over 3.25M according to latest consensus and is considered to be the gateway to Ho Chi Minh City, the economic cultural centre of the country….

Lester Huang and Mary Simpson

PBEC supported its strategic partner ICAEW 75th Anniversary Gala Dinner – Oct 2023

PBEC took a table and invited its members to attend the ICAEW – Institute of Chartered Accountants of England & Wales 75th Anniversary gala dinner at the Grand Hyatt Ballroom in Hong Kong on 26th October 2023. Over 300 guests packed out the ballroom on the evening and we were entertained throughout. We were delighted to welcome a large contingent of PBEC HK board of directors and members on the night, namely; Peter Burnett OBE BBS JP, Lester Huang SBS…

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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