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PBEC members are welcome to join the webinar “Riding Ups and Downs: Hong Kong-Indonesia Partnership” to be held on 18 August (Tue) at 16:00-18:00. Organised by the HKSAR Government and the Indonesian Consulate General in Hong Kong, the webinar will feature senior government officials and business leaders from both Hong Kong and Indonesia, including the Chief Executive of HKSAR, Mrs Carrie Lam, Vice Minister for Foreign Affairs of Indonesia, Mr Mahendra Siregar, Commissioner of the Ministry of Foreign Affairs of…
Kuala Lumpur, Malaysia, 25 July 2020 Issued by the APEC Business Advisory Council Business leaders from the Asia-Pacific are set to present to APEC Ministers Responsible for Trade (MRT) the APEC Business Advisory Council (ABAC) COVID-19 Report, which contains the its recommendations to respond to the immediate impacts of the pandemic, and lay the groundwork for economic recovery and build resilience in the region. APEC Ministers Responsible for Trade are scheduled to meet virtually on Saturday, 25 July, to discuss…
Kuala Lumpur, Malaysia, 25 July 2020 Issued by the APEC Business Advisory Council Asia-Pacific business leaders from the APEC Business Advisory Council (ABAC), meeting virtually this week, called on the region’s Trade Ministers to take the lead in a credible, relevant and strengthened World Trade Organisation (WTO) in the face of the COVID-19 pandemic. “Globally, we face significant health and economic challenges. Fundamentally trade can and must be at the centre of tackling both the immediate crisis and of laying…
PBEC has been accepted to participate in the APEC Transportation Working Groups which is made up of several different tracks including aviation. PBEC is actively moving beyond its current observer status at APEC and be recognised as an independent organisation on behalf of business to assist and contribute fully in future discussions and regulatory reforms with APEC Member States at Senior Official Meetings. Our Members will be called upon depending on their area of expertise to join as a guest…
Listen on Soundcloud: PBEC.org · PBEC Podcast Series July 2020 – Impacting Investing Or click here to listen directly on Soundcloud. Or watch on Youtube:
The appetite for sustainable investments among financial institutions, funds and corporates in Asia continues to rise, and further public and private sector cooperation is needed, according to latest analysis by the Pacific Basin Economic Council (PBEC), ESCAP Sustainable Business Network (ESBN) and KPMG. Michael Walsh, Chief Executive, Pacific Basin Economic Council, said: “Public attitudes are changing fast and the sustainability debate has become an inclusive policy in boardrooms globally. There are significant opportunities in this region by adopting ESG standards….
Respondents to a PECC survey do not anticipate a swift rebound from the crisis in 2021 with growth levels for the Asia-Pacific remaining below 2019 levels for the next 3-5 years. The survey of 710 policy experts from business, academia, government and civil society was conducted from 19 May to 12 June, 2020. An analysis of the responses also provides insights for further commentary on the regional outlook and the strategies available for transitioning out of the current situation. One…
China is trialing a Central Bank Digital Currency (CBDC) and the digital Yuan could displace physical cash over the next few years. This gives enormous power to the Chinese state and the trade implications are significant China is leading the way with the digital Yuan China is leading the way among large economies in trialing Central Bank Digital Currency (CBDC). Its official name is Digital Currency Electronic Payment (DCEP). The digital Yuan, unlike Bitcoin and other private currencies, will be…
Macrokiosk announced 22 July that is has allocated a US$705,000 (RM3 million) subsidy to help small and medium enterprises (SMEs) in Malaysia to embrace digitalisation through its BOLD. for SME initiative. The company, a leading Digital-as-a-Service player in Asia celebrating its 20th anniversary this year, says this is in line with their efforts to assist Malaysia’s SMEs to restart their businesses following the Covid-19 pandemic and the movement control order (MCO). The allocation of the subsidy is meant to provide a…