TheCityUK’s Economic Research underpins the important—and sometimes still counter-intuitive—point that the financial and related professional services industry makes a significant contribution to the economy across the UK, not just in London. Most attention tends to focus on the spread of industry employment across the UK—a metric which is easy to take for granted, but one that is vitally important, and particularly so at a time of rising unemployment. However, this report focuses on something that is conceptually a bit less…
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PBEC Corporate Member Guadalajara World Trade Center, Mexico represented by General Manager and Director Federico G. Lepe shares his views on the opportunities generated by the Near-Shoring trends, and comments utilising the latest economic data available in this comprehensive overview report. “We have witnessed a wave of manufacturing investment in a variety of sectors continue in 2023, as divestment and managing risk, away from sole-dependence on China Mainland and to address supply chain emissions, continues to change the face of…
Mixed Oct economic data reflects an uneven recovery. Resilient industrial production (IP) growth was underpinned by China’s rising electric car industry and related industries. Stronger-than-expected headline retail sales were driven by low base effects as underlying spending growth remained soft. Nevertheless, car sales were a bright spot. Real estate investment continued to drag down overall investment growth. Increased fiscal and monetary support will help sustain the recovery. Fiscal policy has turned more supportive and is expected to aid growth and…
Geostrategic and Geoeconomic Challenges Facing a New Multipolar World Geo-economic trends, technological competition and Geopolitics means higher uncertainty for APAC region in future. PBEC is pleased to share this interesting presentation of latest economic data from a respected scholar Tan Sri Andrew Sheng Chairman, George Town Institute of Open Advanced Studies, Wawasan Open University, Penang in Malaysia who spoke at the recent PBEC supported Chinese Economic Technology Summit held in Shenzhen at the Shangri-la Hotel on 7th Nov 2023. View attached slide…
Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has received the full subscription amount of $240m from the global investment firm KKR and has allotted 17.1m equity shares. Following the share allotment, KKR’s shareholding in Reliance Retail Ventures Ltd (RRVL) has increased to 1.42 per cent, from 1.17 per cent. “Reliance Retail Ventures Ltd today received the subscription amount of $240m from Alyssum Asia Holdings II Pte. Ltd. (KKR) and allotted 17,158,752 equity shares to KKR,” Reliance Industries…
The recent news of Wells Fargo & Co. and BNP Paribas SA facing massive fines, totaling $266 million, for employees’ improper use of unofficial communication channels like WhatsApp, personal texts, and email to conduct business has sent shockwaves through the financial industry. These staggering penalties are a stark reminder of the urgent need for businesses to adopt comprehensive archiving solutions like Velocity’s WhatsApp Archiving Solution. Here are five of the 266 million reasons why your business should consider this crucial…
The East-West Center promotes better relations and understanding among the people and nations of the United States, Asia, and the Pacific through cooperative study, research, and dialogue. Established by the US Congress in 1960, the Center serves as a resource for information and analysis on critical issues of common concern, bringing people together to exchange views, build expertise, and develop policy options. The East-West Center in Washington provides US and Indo-Pacific government stakeholders and program partners with innovative training, analytical,…
The Big Picture Boosting growth while eyeing the long term. What are the policy options for China? By Li Cui The latest Chinese data indicates a modest recovery post pandemic, with diverging sectoral trends. After the strong rebound in 1Q, the Chinese economy grew at a more modest pace of 0.8% in 2Q. The latest data paints a mixed picture: while industrial growth and investment outperformed market expectations in Jun, the incipient consumption recovery disappointed. To view the latest report…
Tony Goodger of the Association of Independent Meat Suppliers highlights some exciting benefits for the UK meat sector through new trade deals. In October 2021 the Government published the “UK approach to joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)”. A 66-page document making the case for joining the 11 existing members in a £9 trillion+ trade block of in excess of 500 million people. Reading back over it, it is of note that the words ‘Beef’ and…
Regional trends in global sourcing As businesses assess their operational capacity needs for a predicted bumpy recovery, to recalibrate during and post-pandemic, it is crucial to understand what brought us to this point and where it is likely leading us. The Pacific Basin Economic Council (PBEC), Monash University Malaysia and KPMG, together with contributions from PBEC members, are pleased to publish this report on global sourcing, reviewing the most recently announced supply chain and sourcing movements in the region, charting…