Category Archives: Economics

Procter & Gamble Continues Impressive Growth In 2019

American businessman Harvey Goldstein has more than 40 years of experience as a business executive at companies based in Indonesia, Singapore, and other locations in Southeast Asia. Harvey Goldstein leads Harvest International, a company that provides consulting assistance and venture capital to entrepreneurs, both in the US and internationally. Harvest International has numerous high-profile clients, including Ford Motors, Chiquita Brands, and Procter & Gamble.

Consumer products company Procter & Gamble recently closed out a highly successful fiscal year, showing progress in nearly all divisions. Fourth quarter profits and revenues were higher than anticipated, guidance has been raised for the upcoming fiscal year, and its stock is up over 40 percent over last year. The company began restructuring a few years ago in response to competition from smaller companies challenging it in a number of key areas. Focusing on doing less seems to have done the trick for the company. By pulling back and centering efforts on strong products, brands, and categories that have performed well for it, the company has been able to recover and show significant growth.

Procter & Gamble is also using its massive influence to become a force for social and environmental change, sponsoring such initiatives as using recycled beach plastic to create bottles for Head & Shoulders shampoo, continued company sponsorship of United Way, and its focus on the Children’s Safe Drinking Water (CSDW) initiative, which provides P&G water purifier packets.

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APCAC’s Spring Business Summit

Harvey Goldstein Indonesia
Harvey Goldstein

An accomplished business figure in the Southeast Asian region, Harvey Goldstein has been involved in numerous business and philanthropic activities in countries such as Indonesia, Singapore, Thailand, and the Philippines. Harvey Goldstein has served multiple terms as president and governor of the American Chamber of Commerce in Indonesia and as chairman of the Asia Pacific Council of American Chamber of Commerce (APCAC).

Established in 1968, APCAC is an organization of 28 American Chambers of Commerce from 22 Asia-Pacific economies. It is made up of 50,000 American executives, approximately 15,000 member companies, and 10 million employees. One of its events is the annual Spring Business Summit, a two-day gathering of prominent American business leaders, diplomats, and American Chamber representatives from the Asia-Pacific region.

The event features guest speakers, breakout sessions, and opportunities to network. The APAC Business Summit 2019 was held in Hong Kong on March 4-5, 2019 and hosted by the American Chamber of Commerce, Hong Kong. Crucial pronouncements arrived in this year’s summit which included the pressing need for heightened collaborations by American Chambers and companies in the face of the current uncertain global trading environment.

The Trans-Pacific Partnership and APCAC Support

Trans-Pacific Partnership pic
Trans-Pacific Partnership
Image: ustr.gov

Harvey Goldstein is a philanthropist, a strategic international business consultant, the founder and chairman of Indonesian-based Harvest International, and a member and leader of several global organizations. With decades of business experience in Indonesia and throughout the rest of Southeast Asia, Harvey Goldstein is well versed in the needs and issues of the region and works to improve economic development. The recent Trans-Pacific Partnership will have a major impact on the region, and the Asia Pacific Council of American Chambers of Commerce (APCAC) is one of the organizations to which Mr. Goldstein belongs that supports this effort.

An association of nearly 30 American chambers of commerce in the Asia-Pacific region, APCAC represents over 15,000 companies with over $600 billion in investment in the area.

APCAC recently voiced its support for the TPP, a free trade agreement (FTA) between the United States, Canada, and several other countries in the Asia-Pacific region. Pending approval in the U.S., the FTA stands to eliminate tariffs and reduce barriers to trade.

The goal of the agreement is to harmonize numerous regulations among the countries involved for the purpose of streamlining and improving international trade to the benefit of all countries. For additional information on APCAC’s support, see the press release at www.apcac.org/apcac-applauds-signing-of-tpp.

The Natural Resources that Drive Investments in Indonesia

An American businessman based in Singapore, Harvey Goldstein is committed to advancing business interests and stimulating investment in countries throughout the Asia-Pacific region. Due to his role in the region’s business community, Harvey Goldstein has also served as the president and governor of the American Chamber of Commerce (AmCham) in Indonesia.

AmCham Indonesia offers a wide range of information on its website to explain why the country is a favorable location for foreign direct investment (FDI), including an explanation of the country’s natural resources. According to AmCham Indonesia, the country is a leading exporter of liquid natural gas and the world’s top exporter of thermal coal. Its coal is known for its high calorific value and low sulfur content, as well as its close proximity to the surface of the earth, which enables easier and more cost-effective extraction.

As a result of its location on the Asia-Pacific Ring of Fire, the country also has control over significant renewable energy sources, and it holds more than 40 percent of the globe’s confirmed geothermal energy reserves.

Along with its capacity in the energy sector, the country harbors deposits of precious metals, such as gold and copper. These mineral resources are similarly located near the earth’s surface because of the country’s unique topography. On its website, AmCham Indonesia further notes that the country’s fertile soil and tropical climate are highly conducive to cultivating agricultural commodities like cocoa and coffee.