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…
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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…
What is Asia’s digital future going to look like, and what role will digital infrastructure play? We speak with an expert on innovations in infrastructure. An interview with Blair Chalmers, Managing Director, Innovations in Infrastructure at Marsh McLennan Advantage One of the defining economic phenomena in Asia in the past two decades has been its rapid digitalisation, and the growing importance of its digital economy. However, progress across the region has been uneven, given various infrastructural gaps, says Blair Chalmers,…
Feb 2023 by John West, Executive Director of the Asian Century Institute At this stage, the goal of America’s strategic competition with China and Russia is unclear, in contrast to the strategic clarity of its containment policy during its Cold War with the USSR The great power rivalry involving the US, China and Russia is often referred to as a new Cold War, borrowing the metaphor which George Orwell gave to the contest between the US and the USSR, that…
Summary Reducing emissions from Canada’s oil and gas production is a priority, yet it presents unique challenges. Industry representatives consider carbon capture and storage (CCS) to be the sector’s primary emission reduction solution, but there is a lack of evidence on the efficacy of this approach and its consistency with Canada’s net-zero commitment. There are seven CCS projects currently operating in Canada, mostly in the oil and gas sector, capturing about 0.5% of national emissions. CCS in oil and gas…