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VinaCapital Group CEO & Founding Partner Don Lam opened their annual Investment Summit 2023 in HCMC on Oct 3rd 2023 which PBEC supported, with several members in attendance and speaking. Green energy, semiconductors, healthcare and high-tech are among the sectors in which Việt Nam attracts the most interest from foreign investors, according to VinaCapital Group. He noted that the recent elevation of US-Việt Nam relations to a Comprehensive Strategic Partnership has brought many US semiconductor companies to Việt Nam to…
PBEC CEO Michael Walsh attended and spoke at the recent WETS summit in Penang, Malaysia which PBEC was an official co-organiser. Over 250 delegates came to the Shangri-La Resort Hotel to witness a whole days content and networking on the digital economy. Senior Govt officials from Malaysia including the Governor of Penang and the High Commissioner of India B.N. Reddy & First Secretary C. Sushma High Commission of India, Kuala Lumpur were in attendance and spoke on the importance of…
AUSTRALIAN FARMERS CALL FOR REVERSAL OF BAN: Australian farming groups have written to Prime Minister Albanese urging the Government to reverse its ending of live sheep exports by sea. They warned of irreversible harm to the farm sector and to Australia’s trade and diplomatic relations in the Middle East. JAPAN & EU LIST MORE PROTECTED PRODUCT NAMES: Japan and the European Union have agreed under their Japan-EU Economic Partnership Agreement to protect a further 42 Geographical Indication names. The latest…
Dear PBEC members, The ESBN Secretariat is pleased to inform you that the Asia-Pacific Business Forum (APBF) 2023 will be held on 22 and 23 November 2023 in Hong Kong, China, under the theme “An Asia Pacific Green Deal for Business: Driving the Green transformation”, with the 11th Meeting of the ESCAP Sustainable Business Network taking place on 21 November prior to the APBF. We would therefore like to ask PBEC Members to please pencil in your calendar for the…
ADI is building a SME lending platform that it hopes will attract external players and compete abroad Aboitiz Data Innovation (ADI), a unit of Filipino conglomerate Aboitiz Group, has developed a fintech lending platform that enables its in-house banks to serve SMEs. It plans to invite third-party banks to use the platform in a bid to create an independent business able to serve the entire region. Guy Sheppard, chief operating officer for financial services at ADI in Singapore, says a…
PBEC BoD Thomas Wong Co-Founder CW CPA shared their most recent news and we got to speak to Thomas about this exciting news, “My football story began almost 50 years ago in high school. I was in a football team called Gazelle (attached pic, I’m in the back row on the far right). In those days, I was fond of the Brazil football team and their left wing called Rivalino …today my football story continues again with Brazil … I…
Powerwell International Sdn Bhd is a wholly owned subsidiary of Powerwell Holdings Bhd KLSE: PWRWELL Datuk Adam Yee is currently their Managing Director & CEO of Powerwell International Sdn Bhd. Adam is also a member of the Board for the Malaysian German Chamber of Commerce (MGCC) and a subcommittee member for Construction and Development for Malaysia China Business Councils (MCBC). With Adam leading the helm, his appointment in Powerwell in 2022 has accelerated the company’s successes even further. After his…
China is struggling to revive foreign investment in its financially battered cities and provinces as foreign firms remain wary of political risks and new incentives fall far short of sweeteners once used to attract overseas money. With their coffers depleted after an economically bruising pandemic and property crisis, local authorities have been racing to find new revenue sources, with foreign investment particularly coveted. Premier Li Qiang in March declared China open for business again, and since then provinces and cities…
The city-state offers a good case example for other Southeast Asian countries vying to become tech and innovation hubs By Nitin Pangarkar Academic Director and Associate Professor at National University of Singapore Paul Vandenberg Senior Economist at the Asian Development Bank Singapore has a vibrant ecosystem that nurtures and develops technology-based startups. Its ecosystem was ranked 18th in the world in 2022 and fifth in Asia, behind Beijing, Shanghai, Seoul, and Tokyo, by Startup Genome and Global Entrepreneurship Network. According to…