Summary
Entrepreneurs, investors and interested parties are invited to “Krungsri-MUFG Business Forum: Thriving To Sustainable Future”, a premiere annual seminar presented by Krungsri, at Bangkok Convention Centre, 22nd floor of Centara Grand at CentralWorld, Ratchadamri Road, tomorrow, from 8.30am to 5pm.
Source: Bangkok Post
AI News Q&A (Free Content)
Q1: What is the significance of the Krungsri-MUFG Business Forum 2023 for entrepreneurs and investors?
A1: The Krungsri-MUFG Business Forum 2023 is a significant event for entrepreneurs and investors as it provides a platform for business matching and networking with participants from multiple countries including Thailand, Japan, and others. The forum emphasizes collaboration and offers opportunities to explore sustainable business practices and economic strategies in the Asia-Pacific region.
Q2: How do sustainable business models provide competitive advantages to banks?
A2: Sustainable business models offer banks competitive advantages such as increased brand reputation and cost reduction. They help in achieving sustainability goals by enhancing value propositions, core competencies, and financial aspects. A study of European banks showed that Norwegian and German banks have more sustainable business models compared to others.
Q3: In what ways does ESG and digital transformation affect corporate sustainability according to recent studies?
A3: Recent studies confirm that ESG and AI-based digital transformations positively affect corporate sustainability. These strategies enable businesses to implement eco-friendly operations and address societal issues. Although green innovation's positive moderating effect wasn't fully verified, its role in long-term sustainability is emphasized.
Q4: What were the major economic developments in 2023 and how are they expected to evolve in 2024?
A4: Major economic developments in 2023 included strong U.S. economic growth, low unemployment, and reduced inflation. The implementation of the SECURE 2.0 Act also impacted retirement security. These trends are expected to continue evolving with a focus on addressing fiscal challenges and adapting to demographic shifts.
Q5: What are the key sustainability trends of 2023, and how do they redefine business practices?
A5: Key sustainability trends of 2023 include the rise of circular economies and increased integration of AI in business strategies. These trends emphasize ethical labor practices and environmental responsibility, encouraging businesses to adopt more comprehensive and sustainable operational models.
Q6: What impact has the global economic policy tightening had on activity and inflation according to the IMF?
A6: According to the IMF, global economic policy tightening has started to cool down economic activity, although core inflation remains persistent. Banking sector stress has decreased, but risks remain tilted to the downside, emphasizing the need for careful navigation of global economic divergences.
Q7: How has profit shifting by multinational corporations affected global tax revenues?
A7: Profit shifting by multinational corporations, which involved shifting over $850 billion in 2017, primarily to low-tax countries, has significantly affected global tax revenues. Countries with lower incomes lose a larger share of their tax revenue due to such practices, highlighting the importance of effective tax rate management.
References:
- Sustainable Banking
- Evaluation of the European Business Models
- Does ESG and Digital Transformation affects Corporate Sustainability? The Moderating role of Green Innovation
- World Economic Outlook, October 2023: Navigating Global Divergences
- Profit Shifting of Multinational Corporations Worldwide
