PBEC Trade Report July 2023 AUSTRALIAN INDUSTRY CALLS FOR TASMAN TRADE BOOST: The Australian Industry Group has moved to reinvigorate the Australia-NZ Closer Economic Relations Agreement saying decisions by regulators were undermining the agreement. It proposes a Task Force of political, industry and regulatory leaders. INDIA BANS RICE EXPORTS: India has banned the export of non-basmati white rice in a bid to lower prices and boost availability for domestic consumers. The ban was announced with immediate effect during the week….
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In this episode the Value Prop Show is delighted and proud to have PBEC intern Rhea Mehta as our guest host, interviewing one of our most famous youth ambassadors at PBEC Natalie Chung. Natalie is a passionate environmentalist and social entrepreneur. Natalie has devoted her life to taking climate action. She is an inspiration to our peers and the next generation of young leaders coming up in tackling a truly global issue of concern for humanity. Natalie’s day job is…
Yes you heard that right. My hope is that artificial intelligence (AI) and robotics will be used primarily to eliminate the tedious, bullshit work in which most of humanity currently toils, so that more and more people can pursue their passions in a similar fashion. Ideally, this will lead to our next great renaissance of art and culture, as millions (or even billions) of humans are suddenly free to do what they love and create happiness through art. Before such…
KPMG will invest at least $2 billion over the next five years with Microsoft to co-develop cloud and generative AI tools, the companies announced Tuesday. Why it matters: Rival consulting giants like PwC and Accenture also have made large-scale commitments toward AI-powered changes. Details: All of KPMG’s businesses — audit, tax and advisory — will be impacted by the products that will be developed through this expanded partnership, KPMG U.S. chair and CEO Paul Knopp tells Axios. KPMG and Microsoft…
Far East Consortium International Limited (“FEC” or the “Group”) is delighted to announce that the Group has won three honours at the HKIRA 9th Investor Relations Awards 2023 (“Awards”) hosted by the Hong Kong Investor Relations Association (“HKIRA”), including “Best IR Company”, “Best Investor Meeting” and “Best Annual Report”. The results were announced at the Awards Presentation Ceremony held in Hong Kong on 28 June 2023. FEC has won the “Best IR Company” award for the eighth consecutive year. Furthermore,…
A series of 12 concerts by Cantopop superstar Jacky Cheung over the past month attracted a record-breaking 109,000 fans to The Venetian Macao’s Cotai Arena, prompting Sands China President & PBEC Emeritus Chairman Dr Wilfred Wong to hail the positive impact the residency provided to the Macau economy. Originally slated to perform six shows in June, that number was doubled after the original allocation for the Macau leg of Cheung’s latest world tour – and first visit to Macau in…
Tony Goodger of the Association of Independent Meat Suppliers highlights some exciting benefits for the UK meat sector through new trade deals. In October 2021 the Government published the “UK approach to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)”. A 66-page document making the case for joining the 11 existing members in a £9 trillion+ trade block of in excess of 500 million people. Reading back over it, it is of note that the words ‘Beef’ and…
Since RCEP came into effect in China and Japan in January and South Korea in February of 2022, it became the first free trade agreement that fully includes all three economies of China, Japan and South Korea. The trade deal helps reduce the tariff costs of cross-border trade among its members and promotes such measures as self-declaration of origin by approved exporters. China has now become Japan’s and South Korea’s largest trading partner. Meanwhile, South Korea and Japan have become…
APEC released a set of guidelines to further the forum’s work on environmental services and marine debris management. The guidelines encourage member economies to facilitate services that support the clean-up of marine debris from beaches, rivers, coastal areas, and the open ocean. Marine debris refers to plastic and other litter, discarded and lost fishing equipment, industrial rubbish, and other human-created waste that enters the seas and oceans. A 2020 report by APEC Ocean and Fisheries Working Group estimated that marine…
The Pacific Basin Economic Council (PBEC) is the pleased to announce its wholehearted support for the OGCI-incubated Aiming for Zero Methane Emissions Initiative, which aims to eliminate methane emissions from signatories’ operations by 2030. The Aiming for Zero Methane Emissions Initiative recognizes that virtually all methane emissions from the energy industry can and should be avoided. The initiative was developed by members of the OGCI, a CEO-led group that aims to speed up the industry’s response to climate change. Aiming…