The Changing of the Guard in South Korea — What Does It Mean for Business?

The new president elected in South Korea. Yoon Suk Yeol is a populist conservative politician, who narrowly beat President Moon Jae-in from the progressive Democratic party. President-elect Yoon is likely to move South Korea to the right and perhaps take a more confrontational approach to the North. Andrew Yeo, the SK-Korea Foundation Chair in Korea […]

How the Ukraine Conflict Is Impacting India’s Economy

India’s trade with Russia is approximately $10 billion, which is 1.3% of India’s total trade. India imports a significant amount of precious and semi-precious stones, mineral oil, boilers, nuclear reactors and fertilizers from Russia, and all of this trade is being affected, with a cascading impact on the Indian economy. After the U.S. and China, […]

How Long Can China’s Economy Handle Zero COVID?

An interview with David Dollar Senior Fellow of the John L. Thornton China Center at Brookings Institution   President Xi Jinping’s policy of zero tolerance toward COVID kept cases down during the first two years of the pandemic. But the infectiousness of the omicron variant is making it much harder to pull off. It’s estimated that […]

Global Trade Is Battling Demand and Price Shocks

The invasion of Ukraine and renewed COVID-19 outbreaks in China will hit global trade with a double whammy in 2022: lower volumes and higher prices. We now expect trade to grow by 4.0% in volume terms in 2022 (2 percentage points lower than expected before the crisis), while trade in value terms surges by 10.9% […]

ACCI welcomes closer economic ties with India

The Australian Chamber of Commerce and Industry (ACCI) welcomes the Morrison Government’s continuing focus on strengthening economic ties with India, the world’s largest democracy. As a member of the International Chamber of Commerce (ICC) and Business at the OECD, ACCI plays an active role in advocating on behalf of Australian business for open markets and […]

How the Ukraine Crisis Is Disrupting Global Supply Chains, Part 2

Experts are assessing the ripple effects that the Ukraine crisis is having across a wide variety of global supply chains that have already been frayed by the upheaval from the pandemic. In the second article in our series (you can read the first piece here), we spoke to Sarah Schiffling, senior lecturer in Supply Chain […]

How the Ukraine Crisis Is Disrupting Global Supply Chains, Part 1

  Global supply chains were starting to recover from two years of upheaval caused by the pandemic when the Ukraine crisis hit. The further disruption caused by Russia’s invasion of Ukraine could cause many companies to rethink their suppliers.   BRINK spoke to Mark Millar, the author of Global Supply Chain Ecosystems and a supply chain expert […]

FBCCI wants corporate tax rate cut to 10-15%

The country’s apex trade body has demanded that the government lower corporate tax rate to 10-15%, in order to help the backward linkage industry flourish. Since most of the backward-linkage industries in the country are small and medium-sized enterprises, corporate tax rate in this sector should be less, it further said. The Standing Committee of […]

Chey Tae-won conducts sweeping reshuffle at KCCI

The Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, who is also SK Group chairman, has conducted sweeping organizational restructuring to strengthen communication between Korea’s largest lobby group and its member firms, KCCI said. The restructuring marks the first of its kind since Chey was inaugurated as KCCI Chairman in February 2021. “Instead […]

New program to ensure Turkish SMEs e-trade with US

The Union of Chambers and Commodity Exchanges of Turkey (TOBB) and the American business association (AmCham Turkey) will provide local companies with mentorship services to enable those firms to have the chance to conduct e-trade businesses with the United States. The “e-Commerce Mentoring Program” will benefit small and medium scale enterprises (SMEs), TOBB said in […]

Having up-to-date machinery a must: ICCIMA head

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has said having advanced and up-to-date production lines and machinery is the prerequisite for developing export-oriented industries, the ICCIMA portal reported. Mentioning a meeting of the country’s industrial manufacturers with Leader of the Islamic Revolution Seyed Ali Khamenei on February 1, Gholam-Hossein Shafeie said: […]

Irfan Iqbal Sheikh is new chairman of FPCCI

Irfan Iqbal Sheikh has been unanimously announced as the Chairman of the Management Committee of FPCCI by its Executive Committee. It has extended its full support and expressed their full confidence in the leadership and the statesmanship of Mr. Irfan Iqbal Sheikh. A large number of the executive committee members participated physically; from the Head […]

FNCCI objects to banks raising interest rates on deposits

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has objected to the agreement reached among commercial banks to increase the interest rate on deposits. The Nepal Bankers Association, an association of chief executive officers of commercial banks, had on February 11 agreed to raise the interest rate on deposits to 11.03%. The FNCCI […]

Russia-Ukraine Crisis Amplifies Growth and Inflation Risks in Asia

The crisis in Ukraine will raise food, energy, and other prices, while sanctions will disrupt financial markets in Asia. Photo: Unsplash The sharp escalation of the Russia-Ukraine crisis has led us to change our global baseline. This assumes a prolonged period of instability following the installation of a “friendly” government in Ukraine by Russia. Our […]

Sheikh Fazle Fahim elected IORBF chairman

Sheikh Fazle Fahim, CACCI Vice President and former president of FBCCI, has been elected as the chairman of Indian Ocean Rim Business Forum, better known as IORBF. IORBF is the primary body for business representatives to formulate policies and project recommendations to IORA (Indian Ocean Rim Association) member states. Since the establishment of IORA in […]

“2022 Global Economic Outlook” Forum

CACCI is pleased to invite members, partners and friends to join the CNAIC 70th Anniversary Forward-thinking Forum – 2022 Global Economic Outlook and Regional Economic Integration to be held on March 15, 2022 at 14:00-16:20 hrs., Taipei Time. According to the “World Economic Outlook” released by the International Monetary Fund (IMF) in October 2021, the […]

“The Role of ASEAN in the Global Supply Chain” webinar

CACCI is pleased to convey an invitation from the ASEAN Business Advisory Council (ASEAN-BAC), of which CACCI is an Associate Member of its Joint Business Councils, to attend the virtual event “The role of ASEAN in the Global Supply Chain” on Tuesday, 18 January 2022 at 9:00-11:00 AM (SGT GMT+8).   Synopsis of the webinar […]

Webinar on Asian Economic Integration – Register now

CACCI would like to invite its members and friends to join the 40th Asian Impact webinar on 9 February 2022, Wednesday, 10:00 AM, Manila time, Asian Impact Webinar: Asian Economic Integration Report 2022 Launch.  Rapid digitalization and the COVID-19 pandemic are spurring growth of digital services trade in Asia and the Pacific. ADB’s flagship report explores how the region can capitalize on these […]

What Surprised You the Most About 2021?

2021 A survey of BRINK contributors   To round out 2021, we asked a cross section of our BRINK experts to name — in a couple of sentences — what they had learned that surprised them the most in their areas of expertise over the last year or so since the pandemic began.   Jo […]

What Will Be the Greatest Challenge of 2022?

2021 A survey of BRINK contributors   On December 26th, we asked a cross section of our experts to name — in a couple of sentences — What had surprised them the most in their business since the pandemic began. In the second half of our survey, we asked them to name the challenge or opportunity […]

CCC sets up liaison office in Japan

To further augment and give a major thrust to the commercial sector between Cambodia and Japan, the Cambodian government has established a broad liaison of the Cambodia Chamber of Commerce (CCC) in Japan. In a sub-decree on December 17 and signed by Prime Minister Hun Sen, the CCC’s liaison was established in Sendei city, Japan’s […]

ICCIMA Energy Committee holds meeting to discuss consumption issues

The members of Energy Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) gathered on December 25 in a meeting attended by the Head of Iran’s Energy Exchange (IRENEX) Ali Naghavi to discuss energy-related issues. As reported by the ICCIMA portal, offering Energy Saving Certificates (ESCerts) at IRENEX was one of the major […]

Kadin calls for local protection under 2022 fishing policy

The Indonesian Chamber of Commerce and Industry (Kadin) has called on the government to protect local fishing companies ahead of a ministerial plan to auction commercial fishing rights covering a total quota of several million tons to both local and foreign investors starting 2022. Joseph Pangalila, Kadin’s deputy chair for marine affairs and fisheries, told […]

Differentiating Oil and Gas Emissions Will Be a Big Deal in 2022

An interview with Deborah Gordon, Senior Principal at Rocky Mountain Institute   One of the most important successes of COP26 was the Global Methane Pledge, in which 100 countries agreed to cut 30% of methane gas emissions by 2030 from 2020 levels. Methane is 84 times more potent than carbon and is relatively easy to […]

Jewelry can be a major export-oriented sector: FBCCI president

The jewelry sector in Bangladesh holds the potential to be one of the major export-oriented sectors after readymade garments, said the President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Jashim Uddin. He also called upon the government to provide policy support to the sector and focus on building the capacity of […]

Business set to benefit from Australia-UK free trade agreement

Businesses in Australia and the United Kingdom have been brought closer with the signing of a bilateral free trade agreement between the two countries. “Business has played an important role in the development of the Australia-United Kingdom trade deal and welcomes the opportunities this partnership provides,” ACCI chief executive Andrew McKellar said. “The longstanding relationship […]

New Director of New Zealand Trade Office in Taiwan

The Wellington Employers’ Chamber of Commerce has announced Mark Pearson as the new director of the New Zealand Commerce and Industry Office (NZCIO) in Taipei. NZCIO is a subsidiary of the Wellington Chamber and promotes New Zealand’s trade, economic and cultural interests in Taiwan. Mr. Pearson is currently lead adviser for business partnerships at APEC […]

Good Business Foundation Announces Partnership with ygap

The Good Business Foundation (GBF) has recently announced its partnership with ygap aimed at supporting inclusive business and entrepreneurship that results in reducing global inequality. Under the partnership, the GBF and ygap will work together over the next three years to build inclusive entrepreneurship into traditionally mainstream business systems and networks, thereby allowing people previously […]

CACCI Women Entrepreneurs Newsletter available now

Taipei – CACCI is pleased to inform members and friends that the 24th Volume of Grow, the publication of CACCI Women Entrepreneurs Council is available HERE. We hope that this publication will serve as an effective platform for an exchange of information among women entrepreneurs in the CACCI region.  Members are, therefore, encouraged to contribute articles for our […]

ACCI Elects New President

The Australian Chamber of Commerce and Industry (ACCI) elected Ms. Nola Watson as its new President during its Annual General Meeting held in Canberra on December 1, 2021, making her the first female to assume the position. She replaces Mr. Ray Sputore, who was ACCI President for the past two years. Ms. Watson has served […]

Whittaker’s win top prize at Wellington Export Awards

A household name has shown its quality to the world, as Whittaker’s were crowned Exporter of the year at the 2021 ExportNZ ASB Wellington Export Awards, in front of a socially distanced and fully vaccinated audience at Te Papa. “Whittaker’s success, despite a turbulent global environment, and domestic restrictions, shows the best of Wellington’s export […]

PCCI: Senate OK of PSA amendments a Christmas gift

Senate approval of amendments to the Public Service Act (PSA) to allow 100-percent foreign ownership of a wide range of local business enterprises was described as “sort of a Christmas gift” by the Philippine Chamber of Commerce and Industry (PCCI). The Philippine Senate had approved on the third and final reading Senate Bill 2094, which […]

The RCEP will boost Central Bank Digital Currencies (CBDCs) in Asia

By Dr. Oriol Caudevilla, FinTech Advisor, Co-Leader of the CBDC and Blockchain Working Groups at the Global Impact FinTech Forum (GIFT) Central bank digital currencies (CBDCs) have been referred to as “the future of payments”, or even “the future of money”, and not without reason. A CBDC is a new form of central bank money […]

FNCCI preparing business code of conduct to end unfair practices

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is preparing a comprehensive business code of conduct as growing unfair and irresponsible practices have been hurting the corporate and business environment, the country’s apex private sector body said. The FNCCI has started collecting views from stakeholders as an input for the protocol for its […]

Fiber Broadband: Here’s How Governments Could Support Balanced Coverage

Worldwide, there has been an exponential growth in government and end-user appetites for high-speed fiber broadband; the number of OECD countries reaching 70% fiber has doubled from 2018 to 2020 alone. Key reasons for this shift include the fact that fiber networks send data about 20 times faster than legacy copper counterparts and require far […]

7 Risks to Asia’s Economic Resilience in 2022

Across Asia, vaccination rates are rising, e-commerce is soaring, trade has rebounded and supply chain problems are starting to ease, delivering hope for the new year. Moody’s Analytics predicts that, by the end of 2022, all major Asian economies will have achieved a full recovery as measured by real GDP that exceeds its level of the fourth quarter […]

PCCI organized “47th Philippine Business Conference and Exposition” on November 17-18

The Philippine Chamber of Commerce and Industry (PCCI) held the “47th Philippine Business Conference and Exposition (PBC&E)” on 17-18 November 2021 via Zoom. As a dialogue, a showcase, and a learning platform, the 47th PBC&E, which carried the theme of “Innovation.ph: Economic Recovery for All,” was the biggest annual gatherings of local business and government […]

“The 29th Joint Economic Cooperation Meeting between CIECA and FTI” was Convened at Taipei

The Chinese International Economic Cooperation Association (CIECA), Taiwan and the Federation of Thai Industries (FTI) jointly convened the “29th Joint Economic Cooperation Meeting between CIECA and FTI” on Nov. 29, 2021 at the Hua Nan Bank International Convention Center, Taipei. Dr. Pan, Wen-Whe, Chairman, Thailand Committee, CIECA, Taiwan and Mr. Supant Mongkolsuthree, Chairman, FTI, jointly […]

Are Apps Becoming Gateways for Cybercrime?

How we travel and where we can go now depends on a smartphone. Freedom of movement is app-based. This is a major change in the mechanics of doing business and our everyday lives that was drastically accelerated by COVID-19 and the need for touch-free access. Apps can make access quicker and easier to manage for […]

Chamber Leaders Join 12th World Chamber Congress

Over 3,800 chamber leaders, representatives and industry experts representing 110 countries – including those from CACCI member chambers – attended the 12th World Chambers Congress (12WCC) which took place from November 23 to 25 in Dubai. Co-organised by Dubai Chamber, the International Chamber of Commerce and its World Chambers Federation, under the theme Next Generation: […]

ASEAN’s Business Community Makes Recommendations for Greening ASEAN

In response to the call made during the 26th session of Conference of Parties (COP26) held in Glasgow to involve non-state actors to help deliver climate finance, the CARI ASEAN Research and Advocacy, in consultation with trade associations, chambers of commerce and foreign business associations in the ASEAN region, has prepared a report entitled “Pathway […]

Urgent clarity needed for cruises to set sail: ACCI

As Australia’s summer season approaches, indications from the Federal Health Minister that the cruise industry will be permitted to set sail before Christmas are a promising sign. However, without a clear timeline to end the ban on cruise lines and a commitment to welcome cruising from State and Territory Governments there is little hope of […]

FBCCI signs MoU with MEDEF International to boost bilateral trade

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has signed a memorandum of understanding with MEDEF International (Mouvement des Entreprises de France International) to boost bilateral trade and investment. The MoU was signed at France-Bangladesh Business Council Meeting organized by MEDEF International and Embassy of Bangladesh on November 11 at Paris in France. […]

KCCI warns S. Korea’s potential growth rate to drop amid low birth rates

The Korea Chamber of Commerce and Industry warned that South Korea’s potential growth rate could drop to the mid-one percent range as a result of low birth rates and a drop in labor productivity. In a report released on November 10, the chamber’s sustainable growth initiative division said South Korea’s total fertility rate hit a […]

Philippine chamber releases ‘wish list’ for Duterte administration’s last months

The Philippines’ largest business group released its “wish list” of policies for the remaining months of the administration of President Rodrigo Duterte. The Philippine Chamber of Commerce and Industry said it hopes the Duterte administration will implement the following measures for the remainder of its term:   Institutionalize innovation for economic development Open the economy […]

Supply Chain Issues Are Not the Biggest Threat to the Maritime Industry

The marine industry faces significant challenges in its effort to prepare for decarbonization and new environmental regulation.   While keeping a wary eye on COVID-19-related issues, the global marine industry sees environmental issues as potentially having the most impact in the coming decade, according to the Global Maritime Issues Monitor 2021 survey. For the marine sector, key […]

FNCCI and Investment Board to work together to increase foreign investment

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Investment Board Nepal (IBN) will cooperate with each other to promote foreign investment in Nepal. In the third meeting held at the IBN for the International Investment Promotion Committee under the FNCCI, the Chief Executive Officer of the IBN Sushil Bhatta and the […]

ICCIMA holds online meeting to explore trade opportunities in Croatia

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) held an online meeting on October 30 to explore investment and trade opportunities in Croatia, the ICCIMA portal reported. The meeting was attended by the Iranian Ambassador to Zagreb Parviz Esmaili, the ICCIMA Deputy Head for International Affairs Mohammad-Reza Karbasi, and representatives of provincial chambers of […]

Arun Chawla appointed as Director General of FICCI

The Federation of Indian Chambers of Commerce & Industry (FICCI) on October 30 said Arun Chawla has been appointed as its new Director General. Chawla will assume charge with immediate effect. He joined FICCI in 2011 served as the Deputy Secretary General of the chamber prior to his appointment. “We are delighted to welcome Arun […]

Data Localization Is Now a Big Part of Doing Business Globally

More than 100 countries now require their citizen data stored in servers physically located inside their borders. These laws are creating significant new technical challenges for chief information security officers (CISOs). In this new data sovereignty era, the threat landscape is more sophisticated, and risks are typically no longer a binary yes/no but a scale […]

“Singapore International Energy Week 2021,” October 25-29

CACCI herewith forward an invitation to all CACCI officers and members to attend the Singapore International Energy Week (SIEW) 2021, of which CACCI is a Supporting Organization, to be held on October 25-29 at the Marina Bay Sands Expo and Convention Centre, Singapore. Organized by The Energy Market Authority of Singapore (EMA), SIEW 2021 is […]

Opportunities in Aircraft Leasing & Financing at GIFT IFSC

FICCI under the aegis of International Financial Services Centres Authority (IFSCA) is organising a digital roadshow on Opportunities in Aircraft Leasing and Financing at GIFT IFSC. IFSCA is keen to set up a facilitative regulatory framework with the objective of making GIFT City a highly attractive destination for aircraft leasing. A brochure and pdf flyer […]

What Does Globalization Look Like in a Post-Pandemic World?

The global economy is emerging from the pandemic with global supply chains in disarray and companies struggling to source products from around the world. In his new book with Anthea Roberts, Six Faces of Globalization, professor Nicolas Lamp argues that there is no longer a single narrative to describe globalization, but multiple. BRINK began by asking […]

Are Electric Vehicles Really Green?

When it comes to transport’s carbon footprint, increasing attention is being paid to the carbon impact not only of the fuel type but of the parts used in the assembly of a vehicle, whether electric or petrol-powered. A new report on the materials used in the vehicle manufacture by the Brussels-based Transport & Environment think […]

Invitation to “FICCI-CACCI Business Delegation to Expo 2020,” Dubai, UAE, November 23-25, 2021

CACCI herewith forward an invitation from the Federation of Indian Chambers of Commerce and Industry (FICCI) to join the FICCI-CACCI Business Delegation to Expo 2020, Dubai, United Arab Emirates (UAE), to be organized on November 23-25, 2021. To be hosted by Dubai, UAE, Expo 2020 is scheduled to be held from October 1, 2021 to […]

Evergrande Is the Consequence of An Unsustainable Economic Model

The Chinese real estate sector has long been too big and too risky, and it is not coincidental. It was central in the Chinese leadership’s plan to reflate the economy from the global financial crisis in 2008. Since then, the way forward for the sector has been to leverage debt so as to increase the […]

Invitation to the ASEAN Leadership and Partnership Forum 2

CACCI is pleased to forward hereunder an invitation to CACCI officers and members from the ASEAN Business Advisory Council (ASEAN-BAC), of which CACCI is an Associate Member, to join the “ASEAN Leadership and Partnership Forum 2021” to be held on October 7, 2021.          

Ransomware Attacks on Critical Infrastructure Are Surging

According to Temple University’s Cybersecurity in Application, Research & Education Laboratory, ransomware attacks on critical infrastructure are on the rise, with about 75% of recorded incidents since 2013 having taken place in the last 18 months. The increasing frequency and severity of ransomware attacks are reflected by the steady increase in cyber insurance prices. Threat actors can […]

What Do Post-COVID Supply Chains Look Like?

Across the world, companies have been celebrating the return of more normal activity, more reliable supply chains and a boost from renewed consumer confidence. And that’s where they are going wrong. A year ago, I described how the pandemic was changing supply chains in unexpected ways, and if a business’s supply chains have remained the same […]

99 of the World’s 100 Most Environmentally At Risk Cities Are in Asia

It’s clear that cities everywhere are uniquely threatened by the environment. Not just climate change, but other issues, such as air quality, water pollution and resource restrictions are becoming increasingly significant in mega-cities. A recent report by global risk analytics firm Verisk Maplecroft concludes that 99 of the most environmentally threatened cities are in Asia. […]

Decentralized Finance: The Next Big Threat for the Finance Sector

Decentralized finance, or DeFi, is a fast-growing segment of the financial markets. Based on a blockchain platform, DeFi provides software services that can cut out intermediaries in financial transactions, thereby allowing for financial services, such as mortgages and investment, to be delivered at lower costs. The question is: Will it take off, or will the […]

The Clean Energy Transition Starts With Company Culture

Climate change is the biggest risk we are facing, according to the World Economic Forum’s 2021 Global Risk Report. In recent high-profile shareholder proposals and landmark court rulings on climate cases, it is clear the energy sector is an important stakeholder in climate change. Fossil-fuel combustion is responsible for around two-thirds of global greenhouse-gas emissions. Brands […]

Here’s How Emerging Technologies Will Impact the Future of Infrastructure

The transformative and disruptive technologies of the Fourth Industrial Revolution are reimagining the possibilities for the built environment. Advances in data proliferation, connectivity, automation and sustainability technology are disrupting existing markets and creating new ones altogether in many infrastructure sub-sectors. The COVID-19 crisis is also causing profound shifts in societal needs and consumer demands, hastening […]

Construction Produces 25% of a Building’s Lifetime Emissions — But New Materials Are Changing This

The construction industry has demonstrated remarkable resilience in the face of the challenges and disruption posed by the COVID-19 pandemic — whether through practical worker safety steps at the coalface, or by navigating multiple pressures in the boardroom. Now, attention is turning back to an equally pervasive challenge that is very much coming to the […]

When Will International Air Travel Reopen With a Health Passport?

Domestic air travel in the U.S. is getting back to 2019 levels with an average of 2 million passengers a day. However, many international routes remain closed as they await the arrival of a system for checking vaccinations. IATA has been working on a digital travel credential for several years, and its Travel Pass is […]

Asia-Pacific Must Phase Out Fossil-Fuel Subsidies

The extent to which Asia-Pacific is planning on decarbonizing will make or break the global fight against climate change. Asia-Pacific is home to 60% of the world’s population and the main engine of global economic growth. However, since the early 2000s, Asia-Pacific has been the main carbon dioxide emitting region, producing about half of the […]

“Sri Lanka Investment Forum 2021” – Virtual on June 7-9, 2021

In their continuous efforts towards attracting Foreign Direct Investments (FDIs) and Equity Capital Investments to the country, The Ceylon Chamber of Commerce, the Board of Investment of Sri Lanka and the Colombo Stock Exchange are jointly organising the “Sri Lanka Investment Forum 2021 – Virtual”, from 7th to 9th June, 2021. The Virtual Forum will be […]

What Will India’s Post-COVID Recovery Look Like?

Since the beginning of 2020, India has reported more than 25 million COVID cases, bringing the country’s total number of lost lives to 274,000 — a record, second only to the United States for infections. A massive tsunami of COVID-19 is sweeping through India, with around 83% of the new infections reported in 10 states, […]

The Global Economy is about to become the Climate Economy

In the next 20 years, climate will move from being a sector of the economy to becoming the dominant force in macroeconomics. New forms of sustainability will disrupt virtually all industries: from manufacturing, the production and use of energy, food, fiber and material resources, to the expansion of transport options and consumer choices. Many leaders […]

Battery Technology Is About to Disrupt the US Power Sector

Until recently, the adoption of battery power storage solutions in the U.S. had fallen short of expectations. Yet, declining costs and advancing technology suggests that battery storage is ready to play a larger role in the U.S. power sector. This potential is now attracting significant investor interest, and from 2024 onward, S&P Global Ratings expects […]

Have the Wheels Come Off the Driverless Car Revolution?

Five years ago, Uber predicted it would have 200,000 driverless cars on the road by 2020. But to date, the widespread use of driverless cars has not arrived. So what has happened? The last five years have seen the hype surrounding the phenomenon slowly dissipate, as the industry wrestles with a number of hard technical […]

Is China About to Cap Its Coal Output?

Of the 40 world leaders attending today’s virtual White House Summit on Climate Change, the key figure is President Xi Jinping of China. As the world’s largest greenhouse-gas emitter, China will make or break the global quest to achieve climate neutrality by the middle of the century — which will be the only way to […]

Why Business Interruption Risk Affects Us All

Catastrophic risk is the hardest risk of all for business to protect itself against. In the third of our occasional series on how to bridge the protection gap for business interruption resulting from major crises like the pandemic, BRINK spoke to Dirk Wegener, president of the Federation of European Risk Management Associations (FERMA). FERMA is the umbrella […]

Does Hydrogen Have the Support to Lead the Future of Fuel?

The 2015 Paris Agreement was a groundbreaking diplomatic effort: 196 countries committed to prevent average temperatures from rising by more than 2 degrees Celsius, with an aim of less than 1.5 degrees Celsius. To meet that goal, scientists argue that fossil fuel use will have to reach net zero emissions by midcentury. The genius of […]

ADB’s Innovation through Collaboration: Planning for an Inclusive Post-COVID-19 Recovery

Just over a week to go before the Asian Development Bank’s (ADB) Southeast Asia Development Symposium 2021, Innovation through Collaboration: Planning for an Inclusive Post-COVID-19 Recovery, on 17–18 March. Join our power-packed two-day lineup of global thought-leaders and decision-makers to explore how Southeast Asian nations can most effectively revitalize businesses, create sustainable job opportunities, and […]

Webinar on Beyond Digital Currency: An Asian Perspective

CACCI would like to invite its members to register to join the webinar on “Beyond Digital Currency: An Asian Perspective organized by the Asian Institute of Digital Finance in collaboration with Bridge. The physical venue of the webinar will be Bridge+, 79 Robinson Road, Singapore 068897 on Friday 19 March 2021 at 3:00pm to 6:00pm (SGT, […]

Are We Entering a Commodity Supercycle?

Since the beginning of the year, prices of commodities of all kinds have been rising significantly, prompting speculation that we are entering a commodity supercycle — the first since 2008. Copper prices are at an eight-year high, while commodities as varied as oil and soybeans are also rising in price, driven by the possibility of […]

How Asia Can Unleash Private Investment for Its Infrastructure

Asian governments are scrambling to reboot their battered economies, following the COVID-19 pandemic. The key to generating a return to high levels of economic growth is a substantial increase in infrastructure investment. The Asian Development Bank (ADB) has estimated that developing Asian economies need $1.7 trillion a year in climate-adjusted infrastructure investment in transportation, power, water and […]

A Hot Opportunity: Four Trillion Reasons to Accelerate the Energy Transition

If European companies do no more to reduce carbon dioxide emissions than they have currently promised, Earth’s temperature will be on track to rise 2.7 degrees Celsius by 2100. That’s well above the Paris Agreement’s target increase of no more than 1.5 C and higher than the 2-degree C tipping point at which life-threatening climate […]

10 Questions That Will Determine the Future of Work

In the span of a few months, the COVID-19 pandemic has prompted a rethink not only of how workers work, but of long-term policies that respond to disruptions being unleashed by technology and automation. Policymakers are quickly drawing up plans to address the future of work from the perspectives of inequality, skilling, social protection, gender and the role of human […]