The APEC Business Advisory Council (ABAC) concluded its meeting in Tokyo this week, calling for decisive action to boost trade, digitalization and climate response. “Tackling trade and investment barriers, promoting digitalization and accelerating the climate response is urgent. We can’t wait any longer” said Julia Torreblanca, the 2024 Chair of ABAC. In that regard, Torreblanca announced that ABAC has finalized its recommendations for APEC Leaders addressing these challenges, under its’ theme for this year, ‘People, Business, and Prosperity,’ to be…
PBEC’s QI Group recently attended the World Economic Forum (WEF)’s Annual Meeting of the New Champions 2024 in Dalian, China. This prestigious event gathered 1,600 leaders from over 80 countries to address pressing global challenges. As a long-standing WEF partner since 2010, we are committed to contributing to positive global progress. Representing QI Group were Chief Communications Officer Ramya Chandrasekaran, Chief Information Officer Ivan Woo, Chief Financial Officer YK Lee, and Senior Financial Controller Catherine Wong. This year’s theme, “Next…
PBEC’s KPMG publishes the latest HKEX requirements for public listed corporations in a nice and easy graphic for us with time-line for implementation here. See attached: https://assets.kpmg.com/content/dam/kpmg/cn/pdf/en/2023/05/new-climate-disclosure-requirements-for-hong-kong-listed-companies.pdf
Provided by Dow Jones QBE Insurance Group said its interim net profit doubled and it raised its dividend, amid continued premium renewal rate increases and lower catastrophe costs. The Australia-listed insurer, which reports in U.S. dollars, said earnings for the six months through June were $802 million, compared to $400 million the previous year. Revenue rose by 5% on year to $10.44 billion. “We have seen a positive start to the year, highlighted by further improvement in underwriting performance and…
Peter is PBEC’s immediate past Board of Director who recently stepped down to take up a new role as China Britain Business Council Chief Executive. “It is a little more than a week since I collected my lanyard and security pass and joined the talented team of the China-Britain Business Council as the new CEO. I am acutely conscious of the 70 year history and the rich legacy that have been passed my way. CBBC has a reputation for membership…
Author: PBEC’s Accounting & Tax subject matter experts ICAEW Insights While formal training programmes play a key part in continuous development, some of the most impactful learning comes through one-to-one conversations, sometimes in a formal environment, but often not. Such mentoring support is central to helping advisers both technically and on their career journey. It’s about more than individuals: it’s about developing a culture of mentoring as an essential part of a firm’s DNA. This will shape the future leaders…
Author: PBEC’s Accounting & Tax subject matter experts ICAEW Insights The rapid growth of generative AI (Gen-AI) platforms, which are enabling millions of everyday people to use AI in creative ways, has taken the world by storm. In the coming years, these tools are likely to be used increasingly by us all. But with that widespread use of sophisticated technology comes a number of ethical hurdles – some of which will be examined on 4 October at ICAEW’s 2024 Annual…
Project Rake uses the Surf Rake, a beach cleaning machine capable of picking up and holding 3,500 pounds of marine debris. It moves across the sand, leaving behind fine sand and a cleaner beach. The Memorandum of Understanding outlines how Aboitiz Land lends the Surf Rake to neighboring communities, eliminating the need for hand labor and saving time and money, making it a cost-efficient solution. The Surf Rake is reliable, easy to use, maintain, and environmentally friendly, making it the…
The listed holding company, with interests in power, banking, food and infrastructure, is more than doubling its capital spending in 2024 to 153 billion pesos ($2.6 billion). About half will be used to build a solar power plant and a wind farm while roughly a quarter will go to AEV’s headline-grabbing $1.8 billion acquisition of Coca-Cola Beverages Philippines in partnership with Coca-Cola Europacific Partners, completed in February. AEV will also break ground on a fourth industrial estate. AEV’s banking unit,…
CityUHK launched the HK Tech 300 SEA Competition in Kuala Lumpur in May 2023. Its aim is to support Southeast Asian start-ups to expand their business to Hong Kong and the mainland, help Hong Kong start-ups explore opportunities in SEA, and attract overseas tech talent to the city. Over 100 start-ups, joined the competition through the partnering universities and incubators in the region. Presiding over the Award Ceremony were Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of…