APEC member economies are considering innovative and improved approaches to revitalize the Free-Trade Area of the Asia-Pacific (FTAAP) as a major instrument to further APEC’s regional economic integration agenda. The FTAAP was envisioned by APEC Leaders in 2006 as a comprehensive free trade agreement built on regional undertakings. It was originally proposed by the APEC Business Advisory Council (ABAC) 20 years ago. As host of APEC 2024, Peru is taking the lead to advance this agenda through a series of dialogues in…
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Our dear colleague Ben Simpfendorfer immediate past PBEC BoD and his colleague at Oliver Wyman UAE Adel Alfalasi have published a new New Silk Road Report looking at the Asia-Middle East growth corridor. 🔹 6 Themes each with their own scenario pathways: Energy Transition, Mobility & Transport, Financial Services, Supply Chain, Emerging Payments, Digital Disruption 🔹 24 Priority Opportunities driven by 18 long-term trends: China’s clean tech exports, energy transition financing platforms, China+1 supply chain relocation, a digital gaming boom,…
Southeast Asia has become an intriguing region for private capital investment in recent years. Many countries in the region sport fast-growing and diverse economies that provide a range of sectors for investment. Investment in Southeast Asia has leaned heavily toward VC due to nascent tech ecosystems, robust demographics, and a large talent pool driving the future of economies within the region. 2022 set the high-water mark of private capital deal value within Southeast Asia when $34.1 billion was invested across…
Exploring the transformational opportunities and challenges of new sovereign monies. Central Bank Digital Currencies (CBDCs) and stablecoins have the potential to help digitize entire economies and represent a powerful force for unlocking the Internet of Value. Today, 130 countries, representing 98% of global GDP,1 are pursuing CBDC projects. Some, including the United States and South Africa, have entered exploratory phases. Many projects throughout the European Union are in development, while China has reached a pilot phase and is nearing full…
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…
The APEC Peru 2024 priorities website, for its host year under the theme “Empower. Include. Grow”. You can now visit their website to learn more about the following #APECPeru2024 priorities: 1) Trade and investment for inclusive and interconnected growth. 2) Innovation and digitalization to promote the transition to the formal and global economy. 3) Sustainable growth for resilient development. Click here: https://www.apec.org/2024-peru-priorities
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…
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
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Two years into the most significant contraction of the innovation economy since the dot-com bubble, and signs of normalization — dare we say recovery — are on the horizon. It feels like we are closer to the end than the beginning. Late-stage tech valuations reached the bottom in mid-2023, ticking up in the back half of the year. Seed activity remains resilient as valuations still trend up. Investment, while not growing, seems to have stabilized. Many companies are only now…