“PBEC wishes to express heartfelt congratulations to @Andrew Weir our Chairman as we recognise his career at KPMG upon his retirement from 32 years of service. Throughout his career, Andrew has held pivotal roles, including Regional Senior Partner of Hong Kong and Global Head of Real Estate and Asset Management. His leadership has continued to enhance PBEC’s profile, notably through his extensive professional experience servicing boards and audit committees of listed companies, financial services, public bodies and family offices in…
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Two of our leading subject matter experts in ESG and Vietnam’ latest economic developments caught up with each other in HCMC. It was the first time they had met face to face since being speakers together on the PWC ESG Readiness talk in 2022. Great to see PBEC family members taking time to meet with one another. Great Photo.
Latin America and the Caribbean (LAC) and China continued to deepen their economic relations in 2023 and YTD in 2024, with a record number of presidential visits and continued strength in Chinese investment and infrastructure in LAC. These are among the findings of the 2024 edition of the China-Latin America and the Caribbean Economic Bulletin, published by the Boston University Global Development Policy Center (GDP Center) and providing a synthesis of the latest trends in the China-LAC economic relationship. https://www.bu.edu/gdp/2024/07/30/china-latin-america-and-the-caribbean-deepen-ties-as-chinese-firms-shift-to-direct-investment-and-infrastructure/…
By Toyota Material Handling The world of logistics is going through a considerable transformation. There are significant ongoing changes in the business landscape, a mindshift in the general population altering social behaviour, new technologies, and radical developments in logistics – all presenting both threats and opportunities to players in the logistics sector. PBEC is delighted to share the Trends in Logistics Report 2024 which provides a high-level overview of the key trends that we believe are currently most urgent and…
Originally published in The Straits Times – courtesy of the Lowry Institute The recent Quad summit was something of a victory lap for President Joe Biden’s Asia strategy. Yet the success of the Biden administration’s approach to deepening ties with a small group of capable partners has also been its limitation. The three Quad partners together accounted for nearly 40 per cent of US high-level diplomatic activity in the Indo-Pacific, tracked by the Lowy Institute for the 2024 edition of…
Next month in November 2024, business leaders and Government officials from across the globe will converge on Lima, Peru, to address the challenges and opportunities that will shape the future of the Asia-Pacific region. This gathering comes at a critical juncture, as the world sees rising fragmentation, protectionism and strong signs of a climate crisis. Peru, with its unique blend of biodiversity and economic dynamism, provides an ideal backdrop for such a vital dialogue. Given the importance of youth engagement…
It was a fascinating moment back in 2013 to consider the linked fortunes of Latin America and of Asia. The leaders of the world’s two most power- ful nations, the United States and China, each visited Latin America and the Caribbean within days of each other. Chinese President Xi Jinping’s visit to Mexico, Costa Rica, and Trinidad and Tobago showed the strategic importance of the region to the resource-hungry Asian giant, which was eager to build strong trade, investment and…
This article is written by: Ousmene Mandeng. The IMF is the only formal arrangement for multilateral economic policy cooperation, but representation at the IMF, expressed through so-called quota shares, is no longer aligned with economic realities. This reduces countries’ incentives to engage constructively with the existing system. Any debate about change ought to see China’s quota share increase significantly. A necessary condition thereof is a reduction in the shares of the European Union countries. International trade is stagnating and there…
Aboitiz InfraCapital—the infrastructure arm of the Aboitiz family’s Aboitiz Equity Venture has won a contract to upgrade and operate an international airport in southern Philippines. The company will spend 12.8 billion pesos ($226 million) to upgrade the Laguindingan Airport in Misamis Oriental, a province on the southern island of Mindanao. The 30-year contract to operate the airport is expected to be signed with the government by the end of this month, it said. Laguindingan International Airport artist impression image by…
AUSTRALIA REPORTS LOBSTER BREAKTHROUGH: Prime Minister Albanese expects Australian lobster exports to China will resume by the end of 2024. It follows a meeting with Chinese Premier Li Qiang in Lao. China banned Australian lobster imports in 2020 as part of a trade feud that also involved barley and wine. CHINA HITS EU WITH BRANDY ATTACK: Within days of the EU voting to proceed with anti-subsidy duties of up to 35% on China-sourced electric vehicles, China announced it would impose…