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HK PBEC Members turn out to support ICAEW at Annual Gala Dinner – Oct 2024

Several senior PBEC members & board of directors attended fellow Corporate Member ICAEW Annual Gala Dinner at the Grand Hyatt in Hong Kong on the 24th October.  Over 260 senior executives, founders, CFO & CEO’s were in attendance co-hosted by...
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PBEC’s QBE Announces Strategic Partnership to Bolster its Risk Engineering Capabilities in Greater China – Oct 2024

New partnership is with Taiwan-headquartered Eos Rhea Metis ("ERM"), a network of experts specialising in enterprise and engineering risk management. By leveraging ERM's extensive network across Mainland China, Hong Kong, Taiwan, and Southeast Asia, the partnership will provide QBE and its customers with complementary expert insights and specialised...
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PBEC congratulates Chairman Andrew Weir on his retirement from KPMG China after 32 years of service – Oct 2024

"PBEC wishes to express heartfelt congratulations to @Andrew Weir our Chairman as we recognise his career at KPMG upon his retirement from 32 years of service. Throughout his career, Andrew has held pivotal roles, including Regional Senior Partner of Hong...
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PBEC members Dr. Morgan D Caroll & David Ching catch up in HCMC Vietnam – Oct 2024

Two of our leading subject matter experts in ESG and Vietnam' latest economic developments caught up with each other in HCMC. It was the first time they had met face to face since being speakers together on the PWC ESG...
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PBEC’s BoD the Philippine Aboitiz Family Wins $226 Million Airport Project – Oct 2024

Aboitiz InfraCapital—the infrastructure arm of the Aboitiz family’s Aboitiz Equity Venture has won a contract to upgrade and operate an international airport in southern Philippines. The company will spend 12.8 billion pesos ($226 million) to upgrade the Laguindingan Airport in...
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Anthony Chan CEO of Isola Capital appointed to the PBEC Board – SEP 2024

Hong Kong – 2nd September 2024 : - The Pacific Basin Economic Council is pleased to announce the appointment of Anthony Chan, CEO of Isola Capital to its board of directors, with immediate effect. “I have had the privilege of...
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PBEC’s QBE’s Interim Profit Doubles, Dividend Raised – Aug 2024

Provided by Dow Jones QBE Insurance Group said its interim net profit doubled and it raised its dividend, amid continued premium renewal rate increases and lower catastrophe costs. The Australia-listed insurer, which reports in U.S. dollars, said earnings for the...
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PBEC’s Peter Burnett OBE BBS announced as New CBBC Chief Executive – July 2024

Peter is PBEC's immediate past Board of Director who recently stepped down to take up a new role as China Britain Business Council Chief Executive. "It is a little more than a week since I collected my lanyard and security...
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Why mentoring matters – Aug 2024

Author: PBEC's Accounting & Tax subject matter experts ICAEW Insights While formal training programmes play a key part in continuous development, some of the most impactful learning comes through one-to-one conversations, sometimes in a formal environment, but often not. Such...
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What are the main ethical challenges of implementing AI? – Aug 2024

Author: PBEC's Accounting & Tax subject matter experts ICAEW Insights The rapid growth of generative AI (Gen-AI) platforms, which are enabling millions of everyday people to use AI in creative ways, has taken the world by storm. In the coming...
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Waves of Change @PBEC’s Aboitiz Land who’s Project Rake Leads the Cleanup Charge – Aug 2024

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...
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PBEC’s Aboitiz Equity Ventures Plows Ahead With Expansion and sends aid to victims of Typhoon Carina – Aug 2024

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...
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10 Start-ups Awarded in HK Tech 300 Southeast Asia Start-up Competition Fostering Innovation & Entrepreneurship Beyond Boundaries – June 2024

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,...
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China matters for the global economy, there isn’t another China – April 2024

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...
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The scorecard for IPEF

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...
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Japan’s plan to restructure global supply chains – July 2024

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...
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