Chair of the 2022 APEC Ministers Responsible for Trade Meeting Bangkok, Thailand | 23 May 2022 Through a statement, Thailand Deputy Prime Minister and Commerce Minister Jurin Laksanawit, shared with APEC Trade Ministers and member economies his assessment of the prevailing views of all APEC member economies and the way forward for the forum to advance sustainable and inclusive growth. As the Chair of the 2022 APEC Ministers Responsible for Trade Meeting, Deputy Prime Minister Jurin’s statement addresses the three main priorities of APEC…
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The missing link in Advancing the Aviation Mobility Sector – how Skyportz is seeking to address it. Interview by PBEC Renee Pan Advanced Air Mobility has been one of the most active sectors throughout Covid-19 in terms of advancement in designs and the about of R&D taking place globally as OEM’s of these electric hybrid verticals take-off and landing vehicles seek to obtain full certification from regulators to commence operations. However, one piece of the puzzle has been so far…
in International Shipping News Leading chief economists have warned of a “substantial restructuring” of supply chains over the next three years, with both diversification and localisation expected. “Global supply chains have been increasingly redrawn over the past years, including through Brexit, the deep impact of the global pandemic, and the fallout and uncertainty from the war in Ukraine,” the World Economic Forum’s Chief Economists Outlook said. “Amid fears of continued shocks, both governments and business are rethinking their approach to exposure,…
‘We’re writing the new rules,’ Biden says, but Taiwan not included U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi participate in the Indo-Pacific Economic Framework launch event at the Izumi Garden Gallery in Tokyo on May 23. © AP KENTARO IWAMOTO, Nikkei staff writerMay 23, 2022 16:17 JSTUpdated on May 23, 2022 18:04 JST TOKYO — The U.S. government has announced that its new economic grouping for the Indo-Pacific will begin with 13 inaugural…
In announcing subsidies, tax cuts and other measures to lessen the impact of global price shocks on consumers and foster growth, Asia-Pacific economies could see fiscal deficits increase through 2022. – April 2022. Priyanka Kishore Head of India and South East Asia, Macro and Investor Services at Oxford Economics Makoto Tsuchiya Assistant Economist at Oxford Economics Coal mining in South Kalimantan, Indonesia. Photo by Dominik Vanyi on Unsplash. After fiscal deficits widened substantially in 2020, most Asian economies resorted to…
April 21, 2022 Business group says unclear rules pose challenges to companies Xi Jinping’s government rolling out a host of major data laws China’s “uniquely restrictive” data laws risk boosting U.S. firms’ cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group warns. The government’s curbs on data movement across borders, ambiguous regulation and inconsistent enforcement “are particularly challenging for multinational firms,” according to the US-China Business…
On April 21, 2022, the United States, Canada, Japan, Singapore, the Philippines, the Republic of Korea and Chinese Taipei published a declaration (the “Declaration”) establishing the Global Cross-Border Privacy Rules Forum (the “Global CBPR Forum”). The Global CBPR Forum will establish an international certification system based on the existing APEC Cross-Border Privacy Rules (“CBPR”) and Privacy Recognition for Processors (“PRP”) Systems, enabling participation beyond APEC member economies. The Global CBPR and PRP Systems, as they will be known, are designed…
Jakarta, February, 2022 The Indonesian B20 Task Force has held the first meeting in the series of B20 Indonesia Presidency 2022, where a number of crucial issues such as eliminating digital inequality, sharing green economy financing, and fighting global cybercrime became the main discussion. The Indonesian Chamber of Commerce and Industry (KADIN) held the Inception Meeting of B20 Indonesia Presidency 2022 on January 27-28 in Jakarta. The two-days forum was attended by more than 2,000 participants and government delegations from…
We speak with the Philippines’ secretary of finance about the importance of sustainable finance and some long-term lessons from the pandemic An interview with: Carlos G Dominguez III Finance Secretary of the Philippines Heavy monsoon rain linked to Typhoon In-fa causes severe flooding on residential property near Calapan City, Oriental Mindoro, Philippines in July 2021. Photo by Shutterstock. In the first part of this interview, we spoke about the fiscal pressures brought about by COVID-19 on the Philippines, the country’s monetary and…
We speak with the Philippines’ secretary of finance about how the country withstood the impacts of the pandemic and continues to remain competitive An interview with: Carlos G Dominguez III Finance Secretary of the Philippines Carlos G Dominguez III, the Philippines’ secretary of finance, speaks with Unravel. COVID-19 continues to impact societies and economies globally. As days have stretched to months and months to years, the world is slowly pivoting towards “living with the virus”. Asia’s COVID story is a…