Category: Uncategorized

Pham Hong Hai-CEO-HSBC Vietnam

Urban integration: A rapidly growing population demands a transport system to match

Posted OBG AdminPosted in Uncategorized

  Abu Dhabi City is today undergoing a dramatic change and expansion, yet this is just the most recent stage of a process that has been under way for many years. Over the last few decades the UAE’s capital has been transformed from a small collection of government buildings, harbour facilities, houses, markets and mosques into a major city. The population in 2014 was 12 times larger than in 1975. Between 1970 and 2010 the emirate’s GDP increased by 196 times, with per capita GDP rising from Dh49,000 ($13,300) to Dh325,200 ($88,500), the second-highest in the world. The urban population has been the epicentre of

Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

Powering up: Nuclear energy is an alternative for increased generation needs

Posted OBG AdminPosted in Uncategorized

  The UAE will soon have its first nuclear energy plant. The world’s largest new nuclear construction site, with four units being constructed simultaneously, is progressing successfully at Barakah, located on the coast around 50 km west of Ruwais. The plant’s construction will restructure the emirate’s energy sector, transforming the balance of inputs for electricity generation, while also establishing the UAE as one of the globe’s premier sites for nuclear energy development. At the same time, the project will have profound implications for other elements of the current energy equation, such as oil, gas and solar, both in the UAE and the Gulf region. Thinking

Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

Progressive planning: A recent government study has shed light on a number of pressing issues in the sector

Posted OBG AdminPosted in Uncategorized

  A children’s specialist hospital, new facilities and staff to deal with mental health, and a shift towards a primary care model are among the priorities identified in an analysis of health care provision in Abu Dhabi. The Capacity Master Plan (CMP) was published by Health Authority – Abu Dhabi (HAAD) in August 2016, to give stakeholders in both the public and private sectors a view of the emirate’s existing and emerging needs. The CMP looks ahead as far as 2035, and anticipates a need

Chaim Zach-Managing Director and CEO-Agric International Technology and Trade; Kabiru Rabiu-Group Executive Director-BUA Group; and Aliyu Abbati Abdulhameed-Managing Director

Clothing the world: New measures aim to bolster the textiles and garments sector

Posted OBG AdminPosted in Uncategorized

  As the country’s largest export sector, the garment and textiles industry maintains high ethical standards and a recognised record of respectable labour practices. In this, the apparel sector caters to largely higher-value, niche products. Indeed, Sri Lanka’s major textiles producers such as MAS Fabrics serve some of the best-known apparel brands in the world. Nike, GAP, H&M and Marks & Spencer are just some of the major international chains active in the country. Supply & Demand To boost exports, the Sri Lanka Exports Development Board in concert with the industry is focusing its efforts on becoming the supplier for international apparel retailers that are

Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

Greener technologies: New initiatives will increase renewables’ share in the energy mix

Posted OBG AdminPosted in Uncategorized

  Hydrocarbons are a relatively recent addition to Sri Lanka’s energy mix, which has long relied on hydroelectricity for much of its power generation needs. While coal and fuel oil have taken on an increasingly larger role in recent times, the government has also announced several ambitious goals in the field of renewable energy (RE). Mini-hydro, solar, biomass and wind are set to become among the main pillars of the country’s generating capacity by 2030. Achieving its goal presents the country with a number of challenges. However, national targets are also expected to pave the way for a rush of new investment in green technologies.

Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

Legislative review: Amendments to laws addressing money laundering and financial crime are likely to follow the recent cybertheft

Posted OBG AdminPosted in Uncategorized

  The heist was audacious, complex and surprisingly successful. In early 2016 an attempt was made to steal almost $1bn of Bangladesh central bank money held at the US Federal Reserve via a Philippine bank, a Philippine remittance company and Philippine casinos. The theft, in which $81m was taken from the account, has significant implications both globally and locally. It is clear that safeguards at even the best-protected institutions in the world are far too weak given the sophistication of today’s hackers. Procedures will have

George Richani-CEO-Al Ahli Bank of Kuwait

Clear responsibilities: A dedicated department will promote the national ICT agenda

Posted OBG AdminPosted in Uncategorized

  The ICT sector is set to benefit from the establishment of a new, dedicated department to guide its development, after the previous administration moved to split the functions of the Department of Transportation and Communications (DTC) in 2016. Creation of the Department of Information and Communications Technology (DICT) had been in the works since 2012. Cict Dissolved The Commission on Information and Communications Technology (CICT), set up during the tenure of former President Gloria Macapagal-Arroyo, was the precursor to the DICT, and tasked with developing the ICT strategy and policies. However, in June 2011 former President Benigno Aquino III dissolved the CICT through Executive

Pham Hong Hai-CEO-HSBC Vietnam

Out of shape: Changes in lifestyle have led to growing concerns over non-communicable diseases

Posted OBG AdminPosted in Uncategorized

  The biggest fast-food chain in the Philippines is not McDonald’s or Kentucky Fried Chicken, it is Jollibee, a local firm that has made a fortune out of burgers, fried chicken and local favourites covered in sweet sauces. However, this sweet tooth is helping fuel a rise in diseases more often associated with the consumption of processed food laden with sugar and fat, a sedentary existence, smoking and drinking. (https://www.invisibly.com/) More Filipinos are succumbing to lifestyle diseases such as strokes, heart disease and diabetes, and non-communicable diseases (NCDs) are now responsible for two-thirds of all deaths. Serious Issues The 2016 Healthy Living Index, compiled by

Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

A new centre of innovation: Updated legislation to fuel local start-up development

Posted OBG AdminPosted in Uncategorized

  While the MENA start-up scene remains small, Tunisia is emerging as one of the region’s key centres for entrepreneurship, as underscored by the rapid growth in recent years in the number of incubators and accelerators operating in the country. Developing the domestic start-up scene, and entrepreneurship more generally, has the potential to help bring down unemployment, which stands at around 15%. With this in mind, the authorities introduced new legislation in April 2017 to stimulate the segment, known as the Start-up Act, which the Ministry of ICT drafted following consultations with around 100 players in the segment. Speaking in October 2016, Houssem Aoudi, co-founder

Nhon Luc Ly-CEO-AIA Myanmar; Son Nguyen-Country President-Chubb Life Insurance Myanmar; Daw Zarchi Tin-CEO

By the book: A new banking law provides clearer guidelines for investors and financial institutions

Posted OBG AdminPosted in Uncategorized

  In June 2016 Tunisia’s Parliament adopted a wide-ranging piece of new financial sector legislation, the New Banking Law No. 2016-48, which went into effect the following month. The law not only brings about a number of sizeable amendments to existing rules and regulations, but also lays out new frameworks for non-banking institutions and sharia-compliant services, as well as provides more detail on regulatory interventions. Oversight & Reforms Notable changes in the law include revisions of the country’s banking supervision and oversight regime. Prominent among these is a doubling of minimum bank capital requirements to TD50m (€21.4m), which compares to average capitalisation across the sector