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The recent cyberattack on the MGM Grand Casino network another reminder of the growing challenges in the realm of cybersecurity and the importance of acting swiftly. MGM international disclosed that it is dealing with a cybersecurity issue that impacted some of its systems. The Fortune 500 company, with USD14 billion in annual revenue, operates hotel and gaming venues around the world, notably in Las Vegas. With the incident, the hacker group Scattered Spider was able to social-engineer their way into the company’s systems in 10…
CHARTING A NEW COURSE IN ASIA PACIFIC Regional trends in Global Sourcing Report Foreword 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 2022-23 report on global sourcing, reviewing the most recently…
Introduction In this Privacy Policy Statement, “PBEC” means the Pacific Basin Economic Council Limited. The terms “we”, “our” and “us” mean one or more members of the PBEC Board of Directors, as the context requires. Control of Personal Data We respect your legal rights in connection with your Personal Data (as defined in the Personal Data (Privacy) Ordinance (Cap. 486)) and are committed to protecting the privacy, confidentiality and security of the Personal Data which we hold and pledge to…
View the standalone URL for the podcast series here: https://thevalueprop.buzzsprout.com
AIA China has been granted approval by the China Banking and Insurance Regulatory Commission to open a new branch in Sichuan. This will be AIA China’s first new branch since the inauguration of the wholly-owned life insurance subsidiary in July 2020, the Hong Kong-based AIA Group (1299) said. “We are delighted to receive approval to prepare for AIA’s first branch in Western China,” AIA Group chief executive and president Lee Yuan Siong said. https://www.thestandard.com.hk/breaking-news/section/2/158419/AIA-China-to-open-Sichuan-office
PBEC has moved to our new offices. Welcome to visit us: PBEC -Pacific Basin Economic Council International Secretariat 735, 7/F Wing Cheung Industrial Building, 109 How Ming Street, Kwun Tong, Kowloon, HK. Tel: +852 6014 9899 Email: pbec@pbec.org Web: www.pbec.org
PBEC members are welcome to join the webinar “Riding Ups and Downs: Hong Kong-Indonesia Partnership” to be held on 18 August (Tue) at 16:00-18:00. Organised by the HKSAR Government and the Indonesian Consulate General in Hong Kong, the webinar will feature senior government officials and business leaders from both Hong Kong and Indonesia, including the Chief Executive of HKSAR, Mrs Carrie Lam, Vice Minister for Foreign Affairs of Indonesia, Mr Mahendra Siregar, Commissioner of the Ministry of Foreign Affairs of…
We welcome Jeff Fish who is the Co-Founder and Co-CEO at Chatly. A social media technology company helping brands around the world to reach and engage with their followers and customers on WeChat. Jeff is originally from New York and manages the Company from its HQ. With offices in New York, Shanghai, Hong Kong, Guangzhou and Chennai, India, he leads their go to market team and helps their customers implement digital transformation strategy leveraging WeChat. Jeff has worked with a…
I sat down with David Armitage President & CEO of Velocity Solutions, where we discussed his career choices and path that got him to launch Velocity in 1996 and the challenges and opportunities, he see’s with the whole Covid-19 economic impact. In particular, the increasing importance places on data breach risk and cyber security. Being a stout and proud Canadian, we also touched upon Canada trade relations with the rest of APAC in the wake of recent trade tensions with…