It’s a pleasure to have been asked to share my thoughts on the outlook for Fine Wine Investment in 2021. I do hope you enjoy reading this research, and find it enjoyable, interesting and perhaps above all though-provoking… Fine wine investments are on firm footing for the year ahead. A stable track record and growing geographic diversity form the basis of our positive outlook despite the challenging global backdrop as we head into 2021. The past year underscored that fine…
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Featured article by PBEC Member : Joanna Caen PraxisIFM Managing Director Hong Kong Email: Joanna.caen@praxisIFM.com At first glance it may seem strange that many high net worth, and even more ultra-high net worth, individuals and families choose to own their personal wealth through asset holding structures. After all, wouldn’t it be simpler to own the assets directly, retaining direct legal and administrative control? In this article, Joanna Caen, Managing Director and Novia Lu, Senior Business Development Manager of PraxisIFM (Hong…
While most of Asia’s wealth managers are eyeing the new economy sector, some market-leading Chinese companies in traditional industries that have accumulated substantial wealth offshore but still lack financial services due to their size and market cap can provide these managers with great opportunities. “We are in a very strange world where there are very good companies with market capitalization of between HK$3 billion and HK$6 billion, which are not large enough to attract the big investment banks to provide…
Sands China Ltd has announced a discretionary allowance for more than 26,000 eligible full-time team members, completing the set of all six Macau concessionaires to have confirmed employee bonuses. The discretionary allowance, to be paid on 8 February, will be equivalent to one month’s salary capped at MOP$45,000 which the company says is in gratitude of team members’ dedication and contributions in 2020. The discretionary allowance will benefit 99% of Sands China employees, it added. “First of all, our special…
THE ABOITIZ group has committed to donate additional vaccine doses for the second wave of the tripartite initiative among the private sector, the government and UK-based AstraZeneca plc, it said on Tuesday. The program dubbed “A Dose of Hope” aims to bring in 3 million more vaccine doses on top of the 2.6 million doses that were pledged in November. The initiative aims to inoculate as much as 70 million Filipinos in 2021. The Aboitiz group joined more than 300…
PBEC Board of Director and Corporate Member KPMG unveils its “Global Impact” Plan at virtual World Economic Forum – Davos 2021. Message from Bill Thomas Global Chairman and CEO KPMG International. “As a firm, we’re driven by our Purpose — to inspire confidence and empower change. And after a year like 2020, our purpose has never been so important. The world faces existential challenges; confidence is shaken and change is needed. A global pandemic. Protests against racial injustice. Rising unemployment…
The developer has appointed Timea Nacsa as assistant development manager, Adam Barbour as completions coordinator and Stephen Clayton as sales manager, as it progresses the £1bn Northern Gateway and other schemes. Far East Consortium is mapping out the first phase of the masterplan to deliver up to 15,000 new homes across north Manchester over the next 10 to 15 years, in joint venture with the city council. In the meantime, it is constructing homes at its other Manchester schemes, the £150m…
Dates: March 23-26th 2021 https://www.unescap.org/apfsd/8 PBEC – Pacific Basin Economic Council has applied to Co-host a Side Event breakfast live dialogue series to the Forum this year. With the theme on “Financing the UNSDG’s through to its 2030 targets”, which will include expert in-depth discussions and recommendations on furthering the ESG Reporting standards and expanding Sustainable/Green Finance needs for policy makers and stakeholders to help meet the UNSDG targets by 2030. The Asia-Pacific Forum on Sustainable Development (APFSD) is an annual…
Expert Speakers: Dr. Moses Cheng GBM, GBS, OBE, JP, Chairman of the Hong Kong Insurance Authority Peter J. Crewe Former CEO of AIA Hong Kong and Macao & Senior Advisor/Non-Executive to the AIA Group. Moderator: Michael Walsh PBEC – Pacific Basin Economic Council CEO Recorded in late December 2020 exclusively for PBEC. Watch the webinar here Michael Walsh PBEC CEO opens with a brief introduction of PBEC, both men’s backgrounds and roles in their respective expert fields. We…
APEC economies have developed a strong foundation to deal with the COVID-19 crisis, but more needs to be done to enhance their resiliency in global value chains, according to a recent policy brief by the APEC Policy Support Unit. The policy brief, titled Managing Risks in Global Value Chains, analyzes the ability of the APEC region and its peer international groupings to respond to disruptions and to quickly return to normal operations. Using a value chain strength index, the policy brief…