The COVID-19 pandemic will accelerate the adoption of automation by firms and organizations across the region, according to a new policy brief by the APEC Policy Support Unit and The Asia Foundation Dr Rebecca Fatima Sta Maria, Executive Director of the APEC Secretariat commented. “We have been mandated by ministers to prioritize the return of workers to employment. Our responsibility is to ensure that we support people at risk with greater inclusive policy instruments.” Read the story here: https://moderndiplomacy.eu/2020/06/29/covid-19-hastens-automation-new-apec-report-finds/
admin admin
KUALA LUMPUR: It is not an overstatement that the members of Asia-Pacific Economic Cooperation (APEC) have fared well in managing the social and economic fallout from Covid-19. The region’s response to the crisis, whether individually or collectively, has been pointed and result-oriented. The adverse impact of Covid-19 has been reflected in weaker economic growth and large stimulus spending globally, since the pandemic was first detected in China at the end of 2019. Malaysia and its counterparts in APEC have not…
CMSC The Chairman’s Statement of the 36th ASEAN Summit was approved on June 26 2020 by ASEAN leaders. We, the Heads of State/Government of ASEAN Member States, gathered for the 36th ASEAN Summit on 26 June 2020. Under the theme of Cohesive and Responsive ASEAN in 2020, we underscored the need to enhance ASEAN’s unity, cooperation and solidarity, economic integration, ASEAN awareness and identity, and emphasized the importance of promoting ASEAN pro-activeness and capacity in seizing opportunities as well as…
China is asking meat and soybean exporters to certify that their shipments to China have complied with safety standards to ensure they are free of COVID-19. The new measure is scientifically unjustifiable, highly trade restrictive, and deeply damaging to exporters. China’s trading partners should consider a forceful response. No basis in science All the credible research done to date indicates that COVID-19 is not a foodborne disease. It is transmitted human to human through aerosol particles. Major international health institutions, including…
Reported record profits in the three months ending 31st May with the best yet to come claim senior management. Congratulations to Dr. Lim Wee Chai & his team. Malaysian group says lead times for new orders now extend to 400 days KUALA LUMPUR — Top Glove Corporation has reported a huge surge in quarterly profits as the coronavirus pandemic played into the hands of the world’s largest producer of latex gloves. Read more: https://asia.nikkei.com/Spotlight/Coronavirus/Top-Glove-cleans-up-with-record-profits-as-coronavirus-spurs-sales
PBEC Member news from AIA Hong Kong and Macau. Many congrats on another first for the China Insurance Market. Pioneering stuff. HONG KONG – AIA Company Limited has received approval from the China Banking and Insurance Regulatory Commission to convert its Shanghai Branch into a wholly-owned subsidiary of AIA Co. This new subsidiary will be incorporated in Shanghai and is the first wholly foreign-owned life insurance company approved for incorporation in Mainland China. The insurance company will now begin the application process for separate…
Great to hear positive stories and outcomes from our members teaming up having being introduced through a #pbec roundtable event. We wish them the best of success with their collaboration initiative. MACROKIOSK today announced that it will be collaborating with Silverlake to support virtual banks in Asia Pacific. In this partnership, both parties will join hands in researching and developing new products that will meet the needs of these digital banks. They will also be jointly pitching for projects with virtual…
Sands China has unveiled a new, greener energy plant at its Cotai Central hotel and resort. The forward-thinking development positions the Macau property as a beacon of sustainability in terms of energy generation, setting an example that others are sure to follow. We find out more. Embracing energy efficiency in Macau Sands China is laying the groundwork for a sustainable future with the help of innovations made at its Sands Cotai Central integrated resort. The Macau landmark will now benefit…
FEC and Chow Tai Fook each own a 25% stake in the Queen’s Wharf Brisbane casino development An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing that allows the controversial development to press ahead despite opposition from preservationists and design groups. Australian gambling and entertainment company Star Entertainment Group, which has teamed up with David Chiu’s Far East Consortium and New World Development chairman Henry Cheng’s Chow Tai Fook Enterprises…
The Foundation of the UQAR has just completed the delivery of 70 000$ in scholarships to graduating students and graduates of the université du québec à rimouski, thanks to the generosity of the graduate Bernard Pouliot (in the photo). The grant of 35 scholarships of$ 2000 each is done through a random drawing from among all graduating students and graduates of the winter semester. A specific contribution of$ 100,000 to Bernard Pouliot paid in the context of the festivities surrounding the 50e anniversary…