PBEC News

Indo-Pacific framework to begin with 13 nations, including India

May 25, 2022
'We're writing the new rules,' Biden says, but Taiwan not included U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi participate in the Indo-Pacific Economic Framework launch event at the Izumi Garden Gallery in Tokyo...
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High commodity prices will slow fiscal consolidation in Asia

April 29, 2022
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...
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Data Rules Risk Making China ‘Digital Island,’ Companies Say

April 26, 2022
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...
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APEC Cross-Border Privacy Rules Go Global

April 26, 2022
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...
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Indonesia’s B20 Task-Force Pushes Forward Priority Issues At Inception Meeting

February 23, 2022
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...
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“We will not sit and wait idly while the planet burns”

February 23, 2022
We speak with the Philippines’ secretary of finance about the importance of sustainable finance and some long-term lessons from the pandemic An interview with: Carlos G Dominguez III Finance Secretary of the Philippines Heavy monsoon rain linked to Typhoon In-fa...
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The Philippines’ fiscal response to COVID-19

February 23, 2022
We speak with the Philippines’ secretary of finance about how the country withstood the impacts of the pandemic and continues to remain competitive An interview with: Carlos G Dominguez III Finance Secretary of the Philippines Carlos G Dominguez III, the...
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Episode 10: What Aboitiz in the Philippines? – A dialogue with Luis Miguel Aboitiz, Director of Aboitiz Power Corp (Stock Code: ABZPY)

February 23, 2022
  Description: This month we catch up with PBEC Board Member Luis Miguel Aboitiz who previously served as a Director of Unionbank and as Executive Vice President – Chief Strategy Officer of Aboitiz Group, before his retirement on April 30,...
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Omicron Threatens to Derail Cambodia’s ASEAN Agenda

February 1, 2022
Zoom conferencing won’t work if the Southeast Asian bloc is to tackle the big issues by Luke Hunt The rapid spread of the Omicron variant of COVID-19 across Southeast Asia is threatening to derail Cambodia’s ambitious agenda as this year’s...
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IFC, LeapFrog Investments and DEG Invest in Vietnam’s HDBank to Help Accelerate Economic Recovery, Expand Lending to Smaller Businesses, and Boost Resiliency of the Banking Sector

January 30, 2022
Investment will increase access to credit, with specific focus on women entrepreneurs As Vietnam accelerates economic recovery amid COVID-19, IFC, LeapFrog Investments, and DEG - Deutsche Investitions- und Entwicklungsgesellschaft have invested $165 million in convertible Tier 2 bonds issued by...
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Now is the time to think big on customs reform

January 30, 2022
“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...
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