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…
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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…
Facing global supply chain challenges, the Indo-Pacific Economic Framework promotes economic cooperation among 14 economies, strengthening supply chain resilience, fostering innovation, and driving growth By: Cyn-Young Park- Director for Regional Cooperation and Integration, Economic Research and Regional Cooperation Department at the Asian Development Bank Supply chains – the vital global connections between the making of products and their delivery to customers worldwide – have been tested in recent years. They are increasingly vulnerable due to a lack of coordinated oversight…
As the CEO for North Asia and Regional Head of Distribution at QBE Asia, Lei Yu has implemented well-defined strategies for the business and its distribution and partnership areas. These strategies have been instrumental in driving the company’s Asia growth ambition. Lei brings a wealth of knowledge and experience in driving profitable growth, having served in executive leadership positions in various global insurance hubs over her career. “I strongly believe in the power of teamwork,” she says. “I actively…
Event Details: Date : 14 Nov 2023 Time : 9:00 am to 5:00 pm (HK Local time) Venue : S200 Series, Level 2, Hong Kong Convention and Exhibition Centre (Harbour Road entrance) Format : Physical Participation Language : English Simultaneous Translation : Putonghua Audience: Perfect to network with 600+ C-suite executives, entrepreneurs, SME owners, policymakers and others, across retail, finance, foodservice, logistics, tech and many other sectors Insights for the 22nd edition of GS1 HK Summit : Themed around “digital…
Now in its 12th year, the APEC Photo Contest showcases inspirational photos from around the region with a creative take on APEC host priorities. The annual photo contest celebrates the resilience and adaptability of the 21 APEC member economies. Share with us images that will make us think, reflect and admire how people are interconnected, innovative, and inclusive in their daily lives, what sights they see and the sounds they hear in the APEC region. How do you picture a…
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. Q2 felt like a cautious quarter overall in terms of business leaders sentiment I have…
PBEC’s Powerwell International Sdn Bhd, a wholly owned subsidiary of Powerwell Holdings Bhd, has successfully obtained a purchase order (PO) worth RM40 million from a solar supplier company in Bangladesh, Dynamic Sun Energy Private Ltd which is also a unit of Paramount Group Bangladesh. In a statement today, the manufacturer of low voltage (LV) and medium voltage (MV) electrical power supply equipment said the new PO is expected to contribute positively to consolidated income and net assets for the financial…
We will hear from leading female expert in the field of Next Generation Carbon Capture Technology Guest Keynote speaker: Beena Sharma CEO of Tech start-up CCU International will be joining us for the first half of the PBEC Bi-monthly scheduled meeting ahead of the international Rethink Conference in HK. An award-winning, results-driven, and self-motivated Director with experience in various industries including oil & gas, renewables, manufacturing, construction, cleantech, and healthcare. Focused primarily on driving innovative approaches and supporting start-ups and…
The Big Picture Boosting growth while eyeing the long term. What are the policy options for China? By Li Cui The latest Chinese data indicates a modest recovery post pandemic, with diverging sectoral trends. After the strong rebound in 1Q, the Chinese economy grew at a more modest pace of 0.8% in 2Q. The latest data paints a mixed picture: while industrial growth and investment outperformed market expectations in Jun, the incipient consumption recovery disappointed. To view the latest report…