In this latest annual report brought to you by the (PBEC) – Pacific Basin Economic Council, we examine the current equilibrium between strategic & voluntary initiatives at companies in Asia Pacific and compliance efforts in disclosing such emissions. The report assesses the progress and challenges faced by businesses as they strive to meet net zero targets in the coming years. This report provides an analytical overview of the scope 3 emissions reporting landscape in the region, providing insights into one of the defining corporate themes of our time, and a look at how companies in Asia Pacific are responding.
30 days Visa Free travel reciprocated between Singapore and China. 🇨🇳 On January 25, representatives of the Government of the People’s Republic of China and the Government of the Republic of Singapore signed the Agreement between the Government of the People’s Republic of China and the Government of the Republic of Singapore on Mutual Visa Exemption for Ordinary Passport Holders in Beijing. The agreement entered into force on February 9, 2024 (Lunar New Year’s Eve). Read More: https://www.ica.gov.sg/news-and-publications/newsroom/media-release/mutual-30-day-visa-exemption-arrangement-between-singapore-and-the-people-s-republic-of-china
The Pacific Basin Economic Council International Secretariat held a roundtable dialogue luncheon at the Beefbar in Central in January 2024 for Hong Kong based Board of Directors and their representatives. 12 members enjoyed an excellent 3 course meal and shared their latest insights on regional and domestic economic and geopolitical concerns and areas for PBEC to be focused on in 2024. Chairman Andrew Weir MBE JP welcomed former Emeritus PBEC Chairman Dr. Wilfred Wong GBS JP and fellow board members…
PBEC CEO Michael Walsh attended and spoke at the recent 2023 Global Chinese Economic & Technology Summit hosted by strategic partner KSI – Strategic Institute for Asia Pacific held on 6-7th November 2023. Senior Government officials and dignitaries were in attendance at the welcoming VIP Gala Dinner and Opening ceremony. Chief Minister of Sabah, Yang Di-Pertua Negeri of the State of Penang spoke on the importance of the Malaysia/China trade relations and encouraged more investment flows in both directions now…
GS1 HK Summit 2023 brought together Government Officials, Legislative Council members, industry experts, and business leaders to explore Digitalisation & Sustainability for Future Business on 14th November 2023 at HKCEC. The annual industry event commenced with Mr. Lam Sai-hung, Secretary for Transport and Logistics as the Guest of Honour. The Hon Jeffrey Lam, Member of Executive Council & Legislative Council, The Hon Frankie Yick, Member of Legislative Council, The Hon Peter Shiu, Member of the 14th CPPCC National Committee & Legislative…
Creating a Resilient and Sustainable Future for All We, the Economic Leaders of APEC, met in San Francisco, California, on November 16-17, 2023. Three decades after the United States hosted the first APEC Economic Leaders’ Meeting on Blake Island near Seattle in 1993, it is clear our steady commitment to APEC’s mission has helped our region become a vanguard of global growth. Here in San Francisco, we emphasized that effective policies require, above all, responsiveness to all our people and…
The President of the Republic Dina Boluarte on Friday 17th Nov 2023, received the Pro-Tempore Presidency of the Asia-Pacific Economic Cooperation (APEC) forum for 2024 from United States President, Joe Biden. The handover took place in a ceremony led by the U.S. Head of State, who underscored some issues addressed during this year’s summit, such as the participation of women in the economic sector and the use of technological advances. In turn, Mrs. Boluarte invited the 21 APEC member economies…
We are delighted to announce that Ron Hoffmann of SixRing Inc. a leader in the renewable #albertaenergy sector has agreed to rejoin PBEC – Pacific Basin Economic Council as a strategic advisor to the board on all matters regarding #canada and #northamerica – It’s a voluntary role at the non-profit. Ron is a recognized and highly respected figure amongst his peers within both industry and government circles on both sides of the Pacific. His passion for progressing and advocating cross-border…
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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 Sir David Li Executive Chairman at Bank of East Asia & Alan Vallance the new CEO of ICAEW founded in 1880. Our own PBEC Chairman Andrew Weir MBE, BBS, JP who is a council member of ICAEW spoke at the…
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 knowledge in support of engineering and property underwriting, enhanced risk assessment processes and wider market access. Read full PR here: https://enmobile.prnasia.com/releases/apac/qbe-announces-strategic-partnership-to-bolster-its-risk-engineering-capabilities-in-greater-china-465669.shtml
“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 Kong and Global Head of Real Estate and Asset Management. His leadership has continued to enhance PBEC’s profile, notably through his extensive professional experience servicing boards and audit committees of listed companies, financial services, public bodies and family offices in…
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 Readiness talk in 2022. Great to see PBEC family members taking time to meet with one another. Great Photo.
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 Misamis Oriental, a province on the southern island of Mindanao. The 30-year contract to operate the airport is expected to be signed with the government by the end of this month, it said. Laguindingan International Airport artist impression image by…
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 getting to know Anthony over the past 3 years and witnessed at first-hand his passion and generosity for engaging his clients and fellow PBEC members. He has been an active participant at our roundtable dialogues and public events as an…
Dr. Morgan Carroll resides in Hanoi, Vietnam and recently stepped down as the Director of Environmental, Social, & Governance (ESG) at Vingroup and VinFast. He was responsible for developing and implementing global ESG strategies in Vingroup and VinFast to enhance the business sustainability culture. He is originally from South Africa and resides in Vietnam. Dr. Morgan has demonstrated proficiency in the complex Environmental Social Governance landscape for multiple MNC’s and sectors which is a key area of focus for the…
Airbus Corporate Jets and Jet Aviation invited PBEC members to visit one of the latest large cabin aircraft available in the shape of the A220CJ, a fabulously designed interior to cater upto 28 passengers in maximum comfort. Ideal for Government delegations and MNC’s in APAC to move around in secure and safe surrounding on your own schedule.
PBEC – Pacific Basin Economic Council is by invitation ONLY a members based institution, that supports connectivity and cross-border regulatory standardisation efforts within APAC for all technological advancements, through dialogue, engagement and collaborative efforts.
PBEC’s focus is to continual attain recognition as the most comprehensive multilateral platform for APAC business leaders to engage with, advocating key trade issues of importance under a fair rules based system, thus promoting cooperation amongst member States to achieve inclusive, sustainable economic and social development in Asia and the Pacific.
Despite the uncertainty about what lies ahead for global trade, there are still reasons for optimism about its resilience and its enduring role as a catalyst for positive change, and these are encapsulated in the current trends that are shaping the landscape.
As 2024 Q2 draws to a close, economies in Asia Pacific are facing what is projected to be a modest slowdown to approximately between 3.5% to 4.2% on average according to the IMF. But this paints over some of the risks within individual economies, such as the deeper property sector, corrections in China and Vietnam which remain important factors in both. This trend reflects macroeconomic factors but also the impact of persistent corruption and un-tethered growth of the last decade in these sectors.
Geopolitical tensions, including the conflicts in Ukraine and the Middle East and security threats to shipping in the Red Sea, have continued to disrupt global supply chains, and shipping/container prices which get passed on to consumers.
ESG factors have become mainstream and are now a top concern for Boards of Directors. Proper ESG implementation can help businesses and regional Government authorities address current social cohesion challenges and seize future opportunities. On this episode of the Value Prop, we are joined by David Ching Heng Hoe, CEO of Ong & Ong Vietnam and a board member of the PBEC, who shares his insights, challenges and opportunities on the real estate sector and major infrastructure developments in the Mekong region, in particular in Vietnam and Laos, including the company’s pioneering work in social housing projects since 2007 which is now firmly on the agenda of regional Governments in SE Asia.
You have the chance to hear Andrews perspectives first-hand on this and the Asian region.
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 Sir David Li Executive Chairman at Bank of East Asia & Alan Vallance the new CEO of ICAEW founded in 1880. Our own PBEC Chairman Andrew Weir MBE, BBS, JP who is a council member of ICAEW spoke at the…
Attached is the full transcript of PBEC Michael Walsh opening remarks on Malaysia’s increasing importance to global supply chains within APAC with the development of its advanced industrial base. Partly due to the current Governments business friendly policies, reforms and tax incentives as well as a strong focus on investing in critical infrastructure which appeals to DFI investors. There are opportunities for particular States within Malaysia, one is Johor being well placed geographically next to Singapore and the other Penang for its…
