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Sunday, September 17, 2017

FinTech Goes Green, Unlocking the Power of Renewable Energy

Steve Huang & Julia Yang

     Current energy system, the electric grid, relied almost exclusively on a massive centralized infrastructure, with large power plants and long-distance transmission lines distribute energy to your house. Nowadays, with more and more renewable energy installations, distributed energy has become an unstoppable trend. More and more customers can easily install PV on their rooftop, and to buy and sell excess energy resources, communities can sell their excess power to each other. And now they need a new tool to make those transactions. New possibilities for green and finance are meant to change the economic landscape of the power sector.

Summary Report: 2017 APEC Workshop “Linking Education and Start-ups: Youth, Women, and Athletes”

Gary Chen synthesized
    
     The Linking Education and Start-up: Youth, Women, and Athletes, a workshop jointly organized by the Sports Administration, Ministry of Education and the Vietnam Sports Administration, was held in Hanoi on May 13. The workshop was attended by 14 government sports officials, senior sports scholars and experts, athletes, and young entrepreneurs from 8 economies namely: Mr. Sean Wroe, Director of Sakura Finance, Australia; Dr. Mehander Singh, Director of Ministry of Education, Malaysia; Ms. Sharon Wee, Director of Sports Warrior Global, Malaysia; Ms. Peggy Tng, Deputy Director of Singapore Sports Institute, Singapore; Atty. Carlo Abarquez, Executive Director of the Philippine Sports Commission, the Philippines; Mr. Richard Shih, Representative of Taipei Economic and Cultural Office in Viet Nam; Ms. Maggie Hsu, Director of Sports Administration; Mr. Cheng Ho, Funder of Choxue; Mr. Jeff Hsu, Founder of Hope Tennis Academy; Mr. Nitikorn Rochanavibhata, Director of Sports Authority of Thailand, Thailand; Dr. Rungchai Chaunchaiyakul, Associate Professor of Mahidol University, Thailand; Mr. Volker Heistermann, Managing Director of Yushan Venture, United States; Ms. Le Thi Hoang Yen, Deputy Director General of Vietnam Sports Administration, Viet Nam; and Dr. Ha Viet Dang, Director of Ho Chi Minh National Sport Training Center, Viet Nam, highlighting the sports and education policies and paradigms focusing on education for female athletes and youth entrepreneurship.

Thursday, September 14, 2017

The ASEAN Economic Cooperation (AEC) and its New Opportunities

                                                                                                             Jack Huang

     AEC, also known as ASEAN Economic Cooperation, was adopted to enhance trade development, economic growth and the concept of free market within the region. By integrating into a more closely community, it is believed that the stability and fundamental prosperity can be achieved in the future years. Indeed, according to the ASEAN Vision 2020[1], ASEAN nations would like have comprehensively free movement of goods, services, investment, skilled labour and capital by 2020. By doing so, the 600 millions population and 4.5 millions square kilometers area will be considered as a single market with increasing supply and demand. Thus, it is essential to understand both opportunities and challenges in this regional partnership[2].

Promoting New South Bound Policy through APEC

                                                                                                              Wayne Chen
     September 5, 2016, the New Southbound Policy (NSP) was officially launched by the Taiwanese government to strengthen ties with countries in South Asia, Southeast Asia, and the South Pacific through promoting cooperation across fields including agriculture, business, culture, education,new energy and technology. 18 countries were centered in NSP as potential strategic partners, namely the 10 Association of Southeast Asian Nations member states, 6 nations in South Asia, Australia and New Zealand. The proposal of NSP reflects not only the fear of the increasing marginalization of Taiwan in regional economic integration of Asia-Pacific, but a profound diplomatic strategy of the newly elected administration in response to a more challenging cross-strait relations. Considering the objectives, proposed actions and desired outcomes of NSP, I argue that APECcan be a very useful platform where Taiwan has been actively participatingsince 1991 for achieving NSP.

 

Tuesday, July 4, 2017

The Future of Investing in Green

Shih-Fang Lo and Julia Yang

Introduction

     There is a profit side and a responsible side to any business, and the two factors have to be balanced. With the threat of global warming and environmental deterioration, the government policy on environmental protection remains active from the last century worldwide.  Business will face more strict restrictions on energy uses and business process in the natural resources constrained society.  Governments’ environmental and energy policies are stimulating grand new industries, such as energy efficiency industry, new and renewable energy industry, and new services. The policy trends have not only created green new industry, but also brought growing green investment opportunity.  This article therefore aims to investigate what’s been happening in green finance and its prospect.

Green Finance Starts from Corporate Responsibility

     Recent financial scandals such as subprime mortgage crisis have emphasized the need for greater transparency and accountability.  A more humane, ethical, and transparent way of doing business is therefore broadly discussed. Take the term ‘corporate responsibility’ for example, the classical view from the shareholder approach is that the social responsibility of a business is to increase its profits and value for its owner.  However, the stakeholder approach points out that business is not only accountable to its shareholders, but should also consider stakeholder interests which may affect or may be affected by the operations or objectives of a business. It is gradually extended to ‘corporate sustainability’ defined as a business approach that creates long-term shareholder value by embracing opportunities and managing risk from three dimensions:  economic, environmental, and social dimensions. A sustainable company is one whose characteristics and actions are designed to lead to a ‘sustainable future state,’ such as value creation, environmental management, and human capital management, etc.

“New Southward” Is Another Political Slogan or Is a Comprehensive Strategy?

Jack Huang

     ASEAN Economic Community, also known as AEC, was officially announced by the end of 2015. Most people consider it as a milestone of regional integration in Southeast Asia and it seems that the prosperous growth in near decades between member states is foreseen. In this prediction, the foreign direct investments (FDI), in terms of net inflow, intra and extra ASEAN, are increasing and therefore stimulate economic growth in the region. Furthermore, the closely cooperation of AEC also aims at creating single market and production base, achieving free flow of goods and services, reducing burdens of labour and capital movement. In a long term, it may follow up the course of European Union and many expects even assert that ASEAN will become the third-largest economy in Asia, and the sixth in the world.

Suggestions of Improving Taiwan’s Economic Relations with the US and China

Darson Chiu

     As the world’s largest economy, the size of US economy is at US$ 19.38 trillion or 24.4% of the world’s GDP. China is the second largest economy in the world, and its GDP will be standing at US$ 12.36 trillion or 15.5% of the world economy. The US provides the biggest market demand for end products, whereas China has been the largest exporting country since the year of 2010. As the US and China jointly represent around 40% of the global economy as well as the major demand side and major supply side, a potential economic conflict between these two giants will certainly cause tremendous impacts on the global economy and its supply value chains.

     The economy of Taiwan standing at nearly US$ 535.54 billion in 2017 has been an export oriented economy and deeply integrated into the global supply value chain. From such a perspective, the negative impact on Taiwan will be inevitable, if a potential trade war between the US and China takes place.

Sunday, June 25, 2017

Outlook of Digital Economy and SME O2O


Dr. Chien-Fu Lin
 
       The following is Dr. Chien-Fu Lin’s presentation at the PECC 24th General Meeting, “Vision for an Asia-Pacific Partnership for the 21st Century”. He was invited to talk at the plenary session 3, “An Asia-pacific Agenda for the Digital/Internet Economy” on 15th may 2017.

Let me share with you the outlook of digital economy and Chinese Taipei’s APEC SME O2O initiative. Digital economy by definition refers to the economy supported and promoted by digital computing technologies. Therefore, applications of IoT, AI, FinTech, Cloud Computing, AR, VR, Big Data, Sharing Economy, and Blockchain are all part of digital economy.

I was invited to attend a new economic think-tanks conference in Beijing earlier this year. We discussed 3 major subjects, new economy, new governance, and new technologies, and we focused on the issue of online economy and future technologies. We concluded that the digital economy would be the way out for us to cope with the era of “new mediocre”, which means very slow and tepid economic growth.