A new report from KPMG China, The collapse of FTX: Lessons and implications for stakeholders in the crypto industry, reviews the brief but eventful history of the cryptocurrency exchange that filed for bankruptcy protection on 11 November. The failure of the company, in particular the revelations about how it was being run, has delivered a shock to the virtual assets sector. Our report explores the reasons behind FTX’s rapid downfall, and looks at the implications for regulators, operators, users and…
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PBEC is pleased to announce the 2022/23 winners of its re-established Environmental Annual Awards renamed ‘The PBEC ESG Corporate Governance Annual Awards’. These are strictly non-sponsored or financially influenced awards judged on sheer merit. For this first return of these annual ESG awards after a 16-year hiatus (previously named the PBEC Annual Environmental Awards from 1998-2006), the assessment and judging was conducted by the PBEC International Secretariat only. The award selection was based upon pre-established criteria and comparative analysis of…
The Pacific basin Economic Council (PBEC) is celebrating its 55th anniversary this year since its establishment, in lieu of which we just concluded our Annual Dialogues Summit today which was held over 2.5 days from the 22-24 November 2022, virtually over zoom events. We wish to express a special thanks to our Platinum Sponsors KPMG, OUE and BitMEX. PBEC assembled 75 business, Government, Non-Government and academic leaders from across the globe, but in particular from the 21 Member States of…
Issue: 027: December 2022 PBEC Trade Report December 2022 WTO LEADER VISITS AUSTRALIA & NZ: WTO director-general Ngozi Okonjo-Iweala visited Australia and NZ during the week where she held a series of ministerial meetings. Delivering the Lowy Lecture in Sydney she said the recent WTO MC12 had shown it can work across geopolitical differences and deliver results. AUSTRALIA NAMES EXPORTER OF YEAR: Infant formula manufacturer Bubs Australia has been named as the 2022 Australian Exporter of the Year. Founded in…
Recalling the Putrajaya Vision 2040, APEC reiterates our commitment to pursuing strong, balanced, secure, sustainable and inclusive growth in the Asia-Pacific region. APEC is determined to continue advancing its sustainability objectives in a bold, responsive, and comprehensive manner to address the heightened economic and environmental challenges and disruptions facing the region, building on our commitments in the Putrajaya Vision 2040 and the actions set out in the Aotearoa Plan of Action (APA), for the prosperity of all our people and…
The ministerial declaration and the joint declaration of APEC Economic Leaders were approved, as well as the framework of the Bangkok goals on the Bio-Circular-Green Economy. Peru 🇵🇪 is pleased & honoured to announce it will Chair & host APEC 2024 following APEC USA Chair in 2023. We look forward to working closely with the USA over the course of the next 12 months in the lead-up to taking over the Chair. Read more here: https://www.elperuano.pe/noticia/197284-peru-fortalece-relacion-con-el-asia-pacifico-en-reunion-de-ministros-y-lideres-de-apec
We, the Economic Leaders of APEC, met in-person for the first time in four years in Bangkok on 18-19 November 2022. We continue the implementation of the APEC Putrajaya Vision 2040, including through the Aotearoa Plan of Action. This year, under the APEC theme “Open. Connect. Balance.”, we advance work through three priorities: to be open to all opportunities, connected in all dimensions, and balanced in all aspects, to advance long-term robust, innovative and inclusive economic growth as well…
USA Vice President Kamala Harris announces San Francisco as the host city of APEC Leaders Meeting & CEO Summit in the week commencing 12th November as the new Chair of APEC 2023. It is my pleasure to announce that, as part of the United States’ 2023 Asia-Pacific Economic Cooperation (APEC) Host Year, we will convene the APEC Leaders Meeting in San Francisco, California, the week of November 12. President Biden and I look forward to welcoming APEC Leaders to San Francisco next year…
Issue: 026: November 2022, Part I PBEC Trade Report November 2022 APEC TO BEGIN KEY MEETINGS: A series of key meetings begin in Bangkok on Sunday with the APEC Business Advisory Council. It will he followed by meetings of government officials, business chief executives and ministers before Thailand’s APEC 2022 culminates with the APEC Leaders’ Summit on November 18-19. CAMBODIA HOSTS RCEP FORUM: Cambodia has hosted a high-level RCEP FTA Forum in Phnom Penh to mark RCEP’s ten-year journey. Indonesian…