Project Rake uses the Surf Rake, a beach cleaning machine capable of picking up and holding 3,500 pounds of marine debris. It moves across the sand, leaving behind fine sand and a cleaner beach. The Memorandum of Understanding outlines how Aboitiz Land lends the Surf Rake to neighboring communities, eliminating the need for hand labor and saving time and money, making it a cost-efficient solution. The Surf Rake is reliable, easy to use, maintain, and environmentally friendly, making it the…
Member Updates
The listed holding company, with interests in power, banking, food and infrastructure, is more than doubling its capital spending in 2024 to 153 billion pesos ($2.6 billion). About half will be used to build a solar power plant and a wind farm while roughly a quarter will go to AEV’s headline-grabbing $1.8 billion acquisition of Coca-Cola Beverages Philippines in partnership with Coca-Cola Europacific Partners, completed in February. AEV will also break ground on a fourth industrial estate. AEV’s banking unit,…
CityUHK launched the HK Tech 300 SEA Competition in Kuala Lumpur in May 2023. Its aim is to support Southeast Asian start-ups to expand their business to Hong Kong and the mainland, help Hong Kong start-ups explore opportunities in SEA, and attract overseas tech talent to the city. Over 100 start-ups, joined the competition through the partnering universities and incubators in the region. Presiding over the Award Ceremony were Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of…
PBEC’s subject matter expert Ben Simpfendorfer of Oliver Wyman spoke to China Daily journalists Ouyang Shijia and Ma Qing “The foundations are there for recovery.” While China’s growth target of around 5 percent for this year seems challenging, Simpfendorfer said he believes the goal is “still achievable if the real estate sector begins to stabilize”. Dismissing the speculation that China’s economy is showing signs of peaking, he said the “long-term growth prospects still look very good”. “China hasn’t peaked. It’s…
Author: Kati Suominen is a Research Fellow at the Hinrich Foundation a PBEC Corporate Member and partner Foundation – July 2024 Created in 2022, the US-led Indo-Pacific Economic Framework for Prosperity, or IPEF, was the Biden administration’s response to the Trump Administration’s withdrawal from the Trans-Pacific Partnership. The IPEF is non-binding and fails to deliver any market access, such as lowering tariffs and non-tariff barriers like subsidies and import quotas. It also does not meaningfully address digital trade rules. In…
Author: PBEC’s Hinrich Foundation Yuqing Xing a Professor of Economics of the National Graduate Institute for Policy Studies (GRIPS) in Tokyo By 2022 Japanese foreign direct investment in China had reached US$127.6 billion, the largest among Asian countries. Many Japanese multinational enterprises used the country as an export platform for the US market. The 25% punitive tariffs imposed by the US on Chinese exports and the possibility of escalation in the trade war raised the costs and uncertainty of operating…
Dr. Morgan Carroll resides in Hanoi, Vietnam and recently stepped down as the Director of Environmental, Social, & Governance (ESG) at Vingroup and VinFast. He was responsible for developing and implementing global ESG strategies in Vingroup and VinFast to enhance the business sustainability culture. He is originally from South Africa and resides in Vietnam. Dr. Morgan has demonstrated proficiency in the complex Environmental Social Governance landscape for multiple MNC’s and sectors which is a key area of focus for the…
Airbus Corporate Jets and Jet Aviation invited PBEC members to visit one of the latest large cabin aircraft available in the shape of the A220CJ, a fabulously designed interior to cater upto 28 passengers in maximum comfort. Ideal for Government delegations and MNC’s in APAC to move around in secure and safe surrounding on your own schedule.
A PBEC Insight: AI is being implemented in various ways within supply chain management, leading to significant advancements in operational efficiency and decision-making. Here are some examples of how AI is currently being used: Demand Forecasting: AI algorithms analyze historical sales data, market trends, and external factors to generate accurate demand forecasts, enabling organizations to optimize inventory levels, reduce costs, and meet customer demands effectively. Route Optimization: AI-powered systems optimize transportation routes by considering factors like traffic congestion, delivery time…
The year ahead will be pivotal for many board members. During the KPMG INED Forum, PBEC Chair Andrew Weir, KPMG’s Global Chair of Asset Management and Real Estate, outlined 10 critical areas for directors to focus on and better navigate the opportunities ahead. These areas include accelerating digital transformation, leveraging Gen AI and bolstering cyber defences. See attached mini report.