ECO EXPO ASIA 2022 IN HONG KONG TO FOCUS ON DECARBONISING TECH

KUALA LUMPUR, Nov 29 (Bernama) -- The Eco Expo Asia 2022 will be held at Hong Kong Convention and Exhibition Centre from Dec 14 to 17, 2022.

The expo is jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region.

Themed “Green Innovations for Carbon Neutrality”, the expo will focus on the technological innovations that help decarbonise the world.

HKTDC said in a statement that the expo would be held under the brand-new EXHIBITION+ hybrid model, helping exhibitors and buyers extend interactions from a physical fair to the online platform “Click2Match” until Dec 24, and also assisting enterprises in exploring “green opportunities” proactively online and offline.

It will host over 200 exhibitors from nine countries and regions in nine thematic zones ranging from green transportation to green finance and more, facilitating exchange and cooperation between different industries under the eco umbrella.

Three country and regional pavilions will be returning this year, including the Canada, Hong Kong and Japan pavilions.

“The Japan pavilion will grow significantly in size featuring around 30 exhibitors with their latest products, solutions and technologies,” HKTDC said.

The expo will open its doors to the public on the last day to promote green living, with visitors able to participate in environmental workshops, green mart and seminars.

For more details, visit www.ecoexpoasia.com.

-- BERNAMA 

"PRECIOUS TASTE OF LIAONING IN JAPAN" SUCCESSFULLY HELD IN TOKYO

KUALA LUMPUR, Nov 29 (Bernama) -- The "Precious Taste of Liaoning in Japan", an exchange of food culture between China and Japan as well as the Chinese food culture, was successfully held in Tokyo, Japan, from Nov 18 to 23.

It is co-sponsored by the Information Office of Liaoning Provincial People's Government and the News and Information Centre of Xinhua News Agency.

As one of the activities of the "Precious Taste of Liaoning - the 2nd Northeast Asia Popular Cuisine Culture Exchange Week", the Precious Taste of Liaoning event was launched in Tokyo for the first time.

During the event, the Liaoning folk cuisine delegation, consisting of Chinese and Japanese friends, leaders of the catering industry and industry associations, held a series of activities with food as the carrier.

These included the Dalian Seafood Cooking in Chinese and Japanese Styles, Liaoning Dumplings Meet Japanese Sushi, and Liaoning Cuisine Tasting. 

According to a statement, Chinese and Japanese guests from all walks of life carried out dialogues and exchanges around food, tourism and culture, building a bridge of friendship for cooperation between the two sides.

In the future, the two sides will also carry out in-depth exchanges and cooperation in economy and trade, tourism, academia, culture, and other fields.

-- BERNAMA

 

MICHAEL BURWELL TO JOIN NIELSENIQ AS NEW CHIEF FINANCIAL OFFICER

KUALA LUMPUR, Nov 30 (Bernama) -- NielsenIQ, the leading global consumer intelligence company, has announced that Michael (Mike) Burwell will join the company as chief financial officer (CFO) effective Jan 3, 2023.

The company said Burwell will bring a wealth of experience in capital markets and global financial leadership to the role.

With NielsenIQ’s acquisition by Advent International long complete, and the company’s transformation well underway, Chandler Bigelow will leave NielsenIQ after a transition period on Jan 31, 2023.

Jim Peck, NielsenIQ’s executive chairman and chief executive officer, said Mike's experience will help support the company’s efforts in driving sustainable growth, managing its cost base, and executing its strategic initiatives.

“I would like to thank Chandler Bigelow for his tireless leadership in navigating NielsenIQ’s acquisition by Advent International, as well as our own M&A activity and growth strategy. He has been a great business partner and friend, and I wish him well in all his future endeavours,” said Peck in a statement.

Burwell said he is honoured to have the opportunity to join NielsenIQ.  “In all my interactions with the company and its people, I have been impressed with the strength of its leadership, commitment to clients and a collaborative and inclusive culture. I look forward to contributing to the future success of the company.”

Burwell has led multiple finance organisations and worked with capital markets on behalf of publicly traded companies.

Most recently, he served as the CFO of privately held Datavant, a health analytics company that is working to connect the world’s health data.

NielsenIQ, an Advent International portfolio company, has operations in over 90 markets, covering more than 90 per cent of the world’s population.

-- BERNAMA

China Eastern Airlines records tremendous progress in high-quality development

KUALA LUMPUR, Nov 25 (Bernama) -- China Eastern Airlines, which currently has more than 100,000 employees and is the seventh-largest airline in the world, has made tremendous progress in high-quality development with its airlines as the core business, in the past ten years.

In a statement, it said ordinary people in China Eastern from different countries and different types of work, sharing the same blue sky dream, witness and contribute to the growth of the company, and find greatness in everyday work.

These ordinary people shape new momentum for the development of China Eastern with their experience, participation and witness.

Among others, Captain Wang Xiaoyong recalled the chartered intercontinental flight he flew in 2021 for China's first all-cargo aircraft to transport COVID-19 vaccines. 

When the flight carrying 1.05 million COVID-19 vaccines and syringes was about to arrive in Dominica, the Dominica air traffic controller said: "Thank you China, thank the cabin crew, and thank the Chinese vaccine" via the Air-Ground Channel. 

At that moment, he truly felt the lofty mission and responsibility of his career which narrows the distance between mountains and seas around the world.

Meanwhile, Ludwig Strobel from Germany has been the executive chef for many years and in the western food industry for 40 years.

Together with his Chinese colleagues, he created a Chinese-Western in-flight meal, so that both Chinese and Western passengers could enjoy a feast of taste buds on China Eastern flights.

China Eastern has extended its route network to 1062 destinations in 170 countries and regions around the world, which can provide air travel services for 150 million people annually.

-- BERNAMA

GOING FOR GLORY WITH YILI'S ICONIC FOOTBALL DREAM TEAM

HOHHOT, China, Nov. 25, 2022 /Xinhua-AsiaNet/--

The world's biggest football event has kicked off. Since the beginning of 2022, Yili Group has announced sponsorship deals with some of the world's best national football teams, including Argentina, Portugal, Spain, and Germany, as well as international football superstars such as Cristiano Ronaldo, Neymar, and David Beckham.   Yili believes that "Great Quality Comes from PASSION" and has therefore been a longtime supporter of sports development. The company has built a seventeen-year partnership with the Olympic Games, sponsors the CBA League and the Asian Cup and handpicked a world football "dream team" in 2022. All these efforts represent the dedication Yili commits to health and sports.   Yili's handpicked football "dream team"   The Argentina national football team is renowned for quick direct attacks, Portugal's team for well-balanced attack and defense capabilities, Spain's team for its mastered "tiki-taka" style of short, quick passes, and the German team for its efficient and highly organized style of play. Their respective success is inextricably linked to their passion for the sport.   This passion is why Yili has also signed international football superstars, who have impacted the next generation. Cristiano Ronaldo is one of the world's top goal-scorers, known for his tenacity, self-discipline, and growth mindset. Neymar is famed for not only his incredible skills but also for being a team leader who has brought the Brazil team back to glorious heights. Former owner of the Manchester United No.7 shirt and his famed curve shot, David Beckham, has inspired people around the world.   Yili shares the same passion for excellence with them and aspires to reach for glory, alongside this iconic football "dream team".   New consumption scenarios   Yili has presented surprises for football fans. It has launched the "dream team" limited edition packaging, which features all of the football superstars signed by Yili. To attract more football enthusiasts, football-themed interactive campaigns have also been launched, involving prediction games and blind boxes.   Yili's healthy dairy products, such as AMBPOMIAL yogurt, Meiyitian active lactobacillus drinks, and Satine organic milk, are best for bringing nutrients to football fans while watching late night matches.   Yili has developed innovative products and expanded consumption scenarios to meet customer needs. It supports global sports events and safeguards the health of consumers around the world by delivering nutritious and high-quality products.   Better life for everyone   Today, public awareness of fitness has already been greatly advanced. However, there is progress that can still be made. Therefore, Yili, remains dedicated to achieving the vision of "World Integrally Sharing Health", as key and driving motivation. The company is taking action to safeguard consumer health by advocating for healthy lifestyles and by launching public campaigns to encourage more people to participate in physical activities.   Yili and its subsidiary brands have recently launched several new innovative campaigns. It has teamed up with China Youth Daily and Xiaomei.cc to encourage college students to make short movies highlighting their passion for football. Yili Nutrition 2030 has developed the "For Children's Football Dreams" project, which provides professional training courses, uniforms, football kits and nutritional goods to children.   Living life with passion and to the fullest is itself, an inherent guiding principle. The formation of the "dream team" reflects Yili's understanding of football and dedication to the health of all people. In the future, Yili will maintain this passion and strive to be a healthy food provider to the world.  http://mrem.bernama.com/viewsm.php?idm=44832

LATEST NEWS: COUNTRY GARDEN FOREST CITY FULLY RESUMES OPERATIONS

JOHOR BAHRU, Malaysia, Nov 25 (Bernama-GLOBE NEWSWIRE) -- The outbreak of COVID-19 has affected society's normal functioning and also brought Forest City into a state of temporary standstill. Fortunately, all aspects of Malaysia are recovering from the pandemic following successful vaccination efforts and the complete lifting of movement restrictions. Therefore, Country Garden Forest City has also fully resumed operations.

Launched by Country Garden Group in 2015, Forest City integrates sustainable housing, business, and tourism. As a representative of future smart cities, Country Garden Group hired the internationally renowned consulting firm McKinsey to customize a complete plan for the project. For example, Forest City has introduced eight industries, including tourism and exhibitions, medical care, education and training, emerging technologies, and green and smart industries. In addition, its strategic location provides unique conditions for its development and heralds its broad development prospects.

With the recovery of various industries in Malaysia, all projects in Forest City are operating as usual. For example, Forest City Water Park has opened surf slides, water fun challenges, water mazes, and other projects. In addition, the shuttle bus service is now in operation, with stops including Shattuck St Mary's School, Forest City Golf Hotel, Lego Land, and Bukit Indah Aeon.

On the other hand, as one of Johor Bahru's tourism business cards, Forest City has contributed to the local tourism industry, including the construction of hotels, golf resorts, etc. In terms of hotels, both Forest City Golf Hotel and Forest City Marina Hotel provide hundreds of luxurious rooms and are equipped with lobby bars, restaurants, fitness centers, and other facilities. Therefore, based on the goal of attracting 9.2 million tourists this year, Forest City is also ready to receive tourists.

Forest City is a model of the combination of modernity and nature. As an ambitious project, Forest City will continue to move towards a better future.

About Forest City
Located in Iskandar, Forest City is a smart green future city integrating environment, technology and cutting-edge technology.

For more information about Forest City, please visit:
Website: http://www.forestcitycgpv.com
LinkedIn: https://www.linkedin.com/company/forest-city-country-garden-pacificview
Facebook: https://www.facebook.com/ForestCityCGPV

Media Contact
Company Name: Forest City
Telephone: +607 505 8888
Address: Jalan Forest City 1, Forest City, Pulau Satu, 81500 Johor Bahru, Johor, Malaysia 

Source: COUNTRY GARDEN PACIFICVIEW SDN. BHD. 

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REAL ESTATE MARKET IN ASIA EMBRACES HOPE AMID LACKLUSTRE SENTIMENTS - REPORT

KUALA LUMPUR, Nov 24 (Bernama) -- The 17th edition of the Emerging Trends in Real Estate Asia Pacific Report highlighted a downtick in investor sentiment due to concerns over rising cost of debt, higher inflation, and a looming global recession.

The persistence of global inflationary trends, a recessionary economy, and deterioration of global indicators saw investors opting to suspend buying until the fallout from synchronised global rate hikes becomes clearer.

A dip in regional transaction volumes is apparent, with third-quarter deal count in Asia Pacific slipping 38 per cent year-on-year to US$32.6 billion (US$1=RM4.50), recording the lowest third-quarter volumes for a decade in the region.

“Mainland China accounted for the biggest decline with a fall of 23 per cent year-on-year,” it said in a statement.

Urban Land Institute (ULI) Asia Pacific president David Faulkner said the rising interest rates and slowing global economy are beginning to impact regional asset valuations and changing the way investors assess potential deals. 

“As a long-term inflation hedge, real estate will continue to draw capital, but the industry is also likely to undergo significant change over the coming years, due to the evolving economic environment and changes in the ways that people use the built environment.”

The top markets for investment prospects in the region were characterised by deep, liquid markets and a flight-to-safety approach. Singapore, Tokyo and Sydney continued to rank as the top three markets. 

Investors have begun to realign strategies towards defensive properties more resilient to unusual economic pressures, and towards assets that can offer features such as rent indexation, shorter lease term and reliable recurrent incomes.

New economic sub-sectors such as data centres, cold storage infrastructure, life science facilities, and self-storage space have had increasing attention as recession-resistant investment vehicles, owing to a confluence of factors: growing 5G takeup, structural undersupply to meet demand, and the evolution of more sophisticated supply chains.

Based on a survey of 233 real estate professionals and 101 interviews with investors, developers, property company representatives, and lender brokers, the report is the regional real estate forecast jointly published by ULI and PwC.

-- BERNAMA 

FPT SOFTWARE OPENS NEW OFFICE IN THAILAND, TARGETING THE COUNTRY'S TOP 30 IT COMPANIES

BANGKOK, Nov 24 (Bernama-BUSINESS WIRE) -- FPT Software, Vietnam’s leading IT solutions provider, has recently announced the opening of a new office in Bangkok, Thailand. This branch, targeting the top 30 IT companies in Thailand, assists FPT Software’s strategic move to expand its global footprint.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20221123005184/en/

 

The inauguration was attended by the Ambassador of the S.R. of Vietnam to Thailand, H.E. Phan Chi Thanh, KBTG Chairman Voranuch Dejakaisaya, KBTG Vice Chairman Jarung Kiatsuphapong, Unilever IT SEA Regional Head Piyawan Triyanant, FPT Software’s CHRO Nguyen Tuan Minh, FPT Software’s SVP Nguyen Hoang Trung, FPT Greater Bay Indochina (FPT GBI – a subsidiary of FPT Software) CEO Levi Nguyen, and other distinguished guests.

Speaking at the event, the Ambassador of the S.R. of Vietnam to Thailand, H.E. Phan Chi Thanh, emphasized the comprehensive cooperation between Thailand and Vietnam, especially in the digital economy. The Ambassador also believes that with FPT Software’s IT capabilities, the company can contribute to strengthening this relationship and accelerating digital transformation.

The Bangkok branch is expected to address the increasing demand for digital transformation in Thailand. “We aim to grow our local workforce to 500 high-quality IT engineers in the next three years and accompany Thai companies from various industries, including Retail, BFSI, Manufacturing, and more,” FPT GBI CEO, Levi Nguyen pledged.

According to FPT GBI CEO, the new office could allow FPT Software to work closely with the leading enterprises in Thailand in digital transformation projects. “Our company’s philosophy is staying close to the clients. So, this office will allow us to serve them faster and more effectively,” Levi said.

“It also demonstrates our company's strong capabilities and resources in digital platforms like KBank’s Make and AIA’s Alive & Vitality, as well as other technologies such as Cloud, Data, Artificial Intelligence, and Cyber Security,” FPT GBI CEO added.

KBTG Chairman Voranuch Dejakaisaya shared at the event: “I have visited FPT Software's campus in Vietnam before, and I did not see much difference from Silicon Valley in the US. I am glad to have established a strategic partnership with a leading IT firm like FPT Software. They are dedicating over 100 experts to support our digital platform and core systems, and we plan to double that in 2023."

Vietnam and Thailand are transitioning into a digital economy, with both governments introducing various frameworks and projects, unlocking collaboration potentials between both countries' firms, especially in the ICT sector. According to Thailand’s Digital Economy and Society Minister, the country’s digital economy is expected to account for 20% to 30% of its GDP by 2030 latest¹. As Vietnam’s leading IT firm, FPT Software looks to promote long-term cooperation in digital transformation between Vietnam and Thailand.

Over the last decade, FPT Software has had a strong presence in seven countries in the Asia Pacific region: Singapore, Malaysia, Australia, Vietnam, Thailand, Indonesia, and China (including Hong Kong), allowing it to provide end-to-end IT services to businesses of all sectors. The firm sets its sights on becoming one of the Top 50 global digital transformation service providers by 2030.

FPT Software’s new office is located at Thanapoom Tower, 10th Floor, Zone C, New Petchburi Road, Makasan, Ratthewi, Bangkok.

About FPT Software

FPT Software is a global technology and IT services provider headquartered in Vietnam, with more than $632.5 million in revenue and 25,500 employees in 28 countries. As a pioneer in digital transformation, the company delivers world-class services in Smart factories, Digital platforms, RPA, AI, IoT, Cloud, AR/VR, BPO, and more. It has served 1000+ customers worldwide, a hundred of which are Fortune Global 500 companies in Automotive, Banking and Finance, Logistics & Transportation, Utilities, and more. For further information, please visit http://www.fpt-software.com 

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CSOP ANNOUNCES LISTING OF O&G LEVERAGED AND INVERSE PRODUCTS ON HKEX

KUALA LUMPUR, Nov 23 (Bernama) -- CSOP Asset Management Ltd (CSOP) has announced the listing of its CSOP US Large Oil & Gas Companies Daily (2x) Leveraged Product and CSOP US Large Oil & Gas Companies Daily (-2X) Inverse Product on the Hong Kong Stock Exchange (HKEX).

It said the two products aimed to help investors capture short-term investment opportunities brought by the high volatility of oil and gas (O&G) companies.

"The two products provide investment results closely corresponding to leveraged (2x) daily performance and inverse (-2x) daily performance of Solactive US Large Oil & Gas Companies Index NTR, respectively," the asset manager said in a statement.

CSOP said the leveraged product and inverse product, with listing prices at around HK$7.75 per unit, trading lot of 100 and management fee of 1.60 per cent, have received US$5 million and US$5 million initial investment, respectively. (RM1=HK$1.71, US$1=RM4.57)

"Since the first leveraged & inversed (L&I) product listed in 2016, Hong Kong’s L&I market has seen a continuous growth to HK$14.39 billion in size and HK$2.54 billion of average daily turnover as of the end of October 2022," it said.

CSOP chief executive officer Ding Chen said the two O&G leveraged and inverse products are excellent trading tools that could help investors take advantage of the US O&G sector amid the volatile market.

CSOP was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China.

-- BERNAMA

NORTH CHINA'S TIANJIN XIQING DISTRICT EYES WORLDWIDE EXCHANGES, COOPERATION

KUALA LUMPUR, Nov 23 (Bernama) -- Xiqing District of north China's port city Tianjin enjoys well-connected transportation, convenient life, rich educational resources and concentrated key industries, and is ready for bigger prosperity with enhanced cooperation.

With a total area of 565.36 square kilometres and a residential population of 1.195 million, Xiqing is still a vibrant city looking forward to exchanges and cooperation worldwide.

The Grand Canal, which was built more than 600 years ago to link the country's north and south, has brought prosperity to the region, thanks to facilitated trade along the route.

By far, Xiqing District has introduced plenty of high-quality projects from Beijing, including JINGWEI HIRAIN R&D headquarters, Xiabu Xiabu headquarters, Qi-Anxin Industrial Park of Network Information Security and GENKI FOREST.

“Besides, the Tianjin south railway station sci-tech business zone, an important carrier to undertake Beijing's non-capital functions in the municipality, is located in Xiqing District,” read a statement by the Publicity Department of Xiqing District.

The district has claimed many modern national titles. It is listed as national pilot areas for developing Internet of vehicles and integrating advanced manufacturing and modern service industry.

Xiqing is also one of the country's nine electronic information industry bases, a major auto parts export hub, an industrial demonstration base of national new industrialisation, and a national pilot district of agricultural green development, among others.

A fund has been established to specifically promote the transfer and transformation of scientific and technological achievements in Tianjin and its neighbouring provincial-level regions Beijing and Hebei, contributing to the development of sci-tech firms.

-- BERNAMA

DIGITALBRIDGE ACQUIRES STAKE IN AIMS GROUP FROM TIME DOTCOM

KUALA LUMPUR, Nov 22 (Bernama) -- DigitalBridge Group Inc (DigitalBridge) has acquired an ownership stake in data centre operator AIMS Group (AIMS) from Time dotCom Bhd.

The US-based company said the deal, which is subject to customary closing conditions, is expected to close in 2023.

AIMS is a leading operator of highly-connected ecosystem-centric data centres, with its Kuala Lumpur flagship Menara AIMS facility anchoring the Malaysia Internet Exchange (MYIX).

“AIMS’ facilities provide highly inter-connected environments to a diverse customer base, comprising domestic and international telecommunications carriers, major enterprises, hyperscalers and content distribution networks.

“It also operates a state-of-the-art purpose-built data centre campus in Cyberjaya and a new facility in downtown Bangkok,” DigitalBridge said in a statement.

DigitalBridge managing director and head of Asia, Justin Chang, said the group is excited to partner with Time, which has a long heritage of building connectivity-linked businesses across Southeast Asia.

DigitalBridge is a leading global digital infrastructure firm headquartered in Boca Raton, Florida, and has key offices in New York, Los Angeles, London, Luxembourg and Singapore.

-- BERNAMA

AIRSWIFT LAUNCHES NEW PAYMENT GATEWAY FOR SEAMLESS CRYPTOCURRENCY INTEGRATION

KUALA LUMPUR, Nov 22 (Bernama) -- Canadian financial technology company Airswift has launched Airswift Connect, a full-stack payment gateway that easily integrates with merchants’ online stores to seamlessly accept cryptocurrency worldwide.

In a statement today, Airswift said Connect featured a world-class merchant workspace that let merchants intuitively track crypto assets and conduct financial reconciliation, enabling online merchants to settle their digital currency assets to stablecoin or fiat daily while benefiting from lower transaction fees than for credit card payments.

“Integrating Connect with a website or app is also easy. For the quickest and most simple integration experience, merchants can use the gateway’s plugin for Shopify or WooCommerce or they can customise their online checkout to its fullest potential by using Connect’s application programming interface (API) tool,” it said.

Co-founder and chief executive officer Yan Zhang said Connect has a robust fund management system that gave its customers an extra layer of financial protection.

“Airswift customers benefit from our proven track record of safely managing billion-dollar transaction volumes using our enterprise-level, Web 3.0 native financial infrastructure,” he said.

Airswift said the company had applied its extensive experience in global payment gateways and enterprise-level crypto payment infrastructure in developing the gateway.

It added that until Dec 31, Connect customers could get zero per cent transaction fees for 90 days when they sign up for crypto payment acceptance.

Headquartered in Vancouver, Canada, Airswift is widely recognised as a leader in blockchain technology with extensive operational experience in global digital payments and enterprise Web 3.0 financial infrastructure.

-- BERNAMA

Teledyne DALSA to unveil high-performance X-ray detectors at upcoming Chicago Exhibition

KUALA LUMPUR, Nov 22 (Bernama) -- Digital imaging manufacturer Teledyne DALSA will introduce a new line of X-ray detectors based on Indium Gallium Zinc Oxide(IGZO) in addition to its premium line of CMOS-based detectors at the upcoming Nov 27-Dec 1 RSNA 2022 Technical Exhibition in Chicago.

In a statement, the company said the new Axios fl at panel detector series, designed and manufactured entirely by Teledyne, are based on an innovative IGZO technology, proprietary new image chain and use the highest performance components.

The Axios product line is engineered to deliver an unprecedented balance of performance and value, while addressing the needs of the most demanding real-time applications for diagnostic and interventional imaging like orthopedics, vascular cardiology and surgery.

The high image quality performance of the Axios detectors will enable better diagnosis of medical anomalies and better procedure outcomes, resulting in reduced treatment costs.

On display will be also the Teledyne’s Xineos CMOS X-Ray detector series – a superior performance family of detectors that deliver unsurpassed low-dose and lag-free image quality, combined with easy integration and long reliable lifetime.

Teledyne DALSA provides state-of-the-art image sensing, capture and processing solutions to medical, dental and scientific equipment manufacturers.

-- BERNAMA

"TICK TOCK, TICK TOCK" OUTDOOR PUBLIC ART EXHIBITION NOW ON VIEW UNTIL JAN 1, 2023

KUALA LUMPUR, Nov 21 (Bernama) -- Presented by First Initiative Foundation (FIF) and supported by the Hong Kong Tourism Board, "Tick Tock, Tick Tock" is now on view until Jan 1, next year.

The large-scale public art exhibition is located next to an iconic landmark, the Tsim Sha Tsui Clock Tower, featuring renowned American artist WhIsBe's largest art piece to date, a giant red sculpture standing over eight metres high.

“After visiting Hong Kong a few years ago, I was inspired by the landscape and challenged with how I could integrate my work into the city’s identity. 

“I am excited to return to Hong Kong with the next evolution of the Vandal Gummy, a brand-new installation incorporating digital and interactive elements,” said WhIsBe.

According to a statement, the three-storey-high sculpture combines the modern gummy bear with prehistoric dinosaurs, along with another two-metre-plus tall teal sculpture set on the Victoria Harbour waterfront. 

The harbour’s glittering, shimmering water surface is part of the display via a special mirror/chrome coating effect on the sculpture, incorporating technological elements such as Augmented Reality (AR) and Instagram filters, allowing the public to capture sweet moments.

In this latest artwork, WhIsBe replaced his signature physical plaque with an LED screen for the first time, on which a variety of videos are shown.

This includes a countdown timer that syncs with the hourly chime from the Clock Tower, and memorable moments collected from the Hong Kong public by FIF, highlighting the relationship between public art and the local community.

-- BERNAMA

AI-ENABLED FINANCIAL FRAUD DETECTION SPENDING TO EXCEED US$10 BLN BY 2027 - ​JUNIPER RESEARCH

KUALA LUMPUR, Nov 21 (Bernama) -- Global business spending on artificial intelligence (AI)-enabled financial fraud detection and prevention strategy platforms will exceed US$10 billion in 2027 from just over US$6.5 billion in 2022, according to a Juniper Research study. (US$1=RM4.58)

Growing at 57 per cent over the period, the study predicts that as fraudsters become more sophisticated in their attacks, merchants and issuers will become more adept at utilising highly advanced AI-enabled fraud detection methods to combat crime.

According to a statement, the study identified the ability of AI to recognise fraudulent payment trends at scale as being critical to provide improved fraud prevention.

The research analysis predicts cost savings from AI deployment will be critical to take system use beyond regulatory compliance. 

The research predicts that the use of AI will result in cost savings and this is critical because it goes beyond meeting regulatory compliance. Instead, it will provide a genuine return on investment in fraud prevention services. Improving models and greater data access will create a virtuous circle of improvement.

Additionally, the fraud detection report also found that AI is increasingly standard within financial fraud prevention services, making differentiation a challenge.

The research recommends vendors focus on access to transaction and trends data, as gaining the best level of network intelligence will allow businesses to benefit from fraud information beyond just their own transactions, significantly improving fraud prevention.

It also recommends vendors form partnerships with third parties, such as credit bureaus and payment networks, to improve data coverage.

Juniper Research provides research and analytical services to the global hi-tech communications sector,  providing consultancy, analyst reports, and industry commentaries.

-- BERNAMA

DEXLEVO holds meetings with 250 Japanese, overseas doctors and companies at AMWC Japan

KUALA LUMPUR, Nov 21 (Bernama) -- DEXLEVO, a company specialising in beauty medical devices, recently held meetings with about 250 Japanese and overseas doctors and companies during its participation in the Aesthetic and Anti-Aging Medicine World Congress (AMWC), which was held for the first time in Japan on Nov5-6, 2022.

DEXLEVO participated as a sponsor and exhibitor at the congress.

In a statement, it said the congress was launched this year in Japan to activate the East Asian market with Japan as an aesthetic medicine and anti-aging hub.

It said about 190 doctors participated in a special luncheon symposium devoted to DEXLEVO’s unique injectable GOURI on the first day of the congress.

DEXLEVO said during the seminar, an Italian plastic surgeon, Dr Mario Goisis, introduced GOURI’s technology and some practical cases to demonstrate the injectable’s anti-aging power and show how it fits in the latest trends of the aesthetic market.

“Since the launch of GOURI in September last year, we have introduced and started selling GOURI in more than 40 countries.

“Starting from January next year, we plan to continue marketing by participating in IMCAS Paris, AMWC Monaco and Dubai Derma, the biggest global aesthetic and anti-aging conferences,” it said.

Meanwhile, it said the company bagged the Best Injectables-Collagen Inducer award at the AMWC Awards held in Monaco last April, making it the first Asian company in the history of AMWC Awards to become a winner.

-- BERNAMA

GUINNESS WORLD RECORDS™ TITLE SET BY JETEX

The world’s favourite private aviation brand achieves a Guinness World Records™ title in celebration of football’s greatest show on Earth.

Dubai, United Arab Emirates, Nov 21 (Bernama-GLOBE NEWSWIRE) -- Jetex, an award-winning global leader in executive aviation, sets a new Guinness World Records™ title at its private terminal in Dubai, where it unveiled the world’s largest fiberglass sculpture of a sphere (supported) which resembles a giant football.

The flagship Jetex VIP Terminal is buzzing with fans from all over the globe who use match day private jet shuttle service between Dubai and Doha. Seen from afar, the iconic 10-meter-high football structure welcomes international travelers as they drive up to the terminal.

“Together with fans from all over the world, we share the excitement and thrill of football. Over the past months, we witnessed tremendous demand for private jet travel between Dubai and Doha, which prompted us to go above and beyond to ensure that all fans enjoy a spectacular football-themed travel experience, which starts well in advance of the actual game,” said Adel Mardini, Founder & CEO of Jetex.

 Jetex VIP Terminal also houses the world’s most fascinating pop-up football field right in the heart of the terminal, where all travelers can practice their skills and create unique memories with their families and friends. Customer experience has also been adjusted with football fans in mind, with Jetex brand ambassadors wearing distinctive football uniforms and surprising travelers with football-inspired souvenirs.

The record was validated by Guinness World Records officials at Jetex VIP Terminal, Dubai.

 The giant football installation will remain at Jetex VIP Terminal until late December. After that, it will be either presented to one of the local football clubs or sustainably recycled.

-    END    -
 
About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook, and LinkedIn. 

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WIPRO OPENS ASIA-PACIFIC, MIDDLE EAST AND AFRICA HEADQUARTERS IN DUBAI

KUALA LUMPUR, Nov 21 (Bernama) -- Wipro Ltd has announced the opening of its Asia-Pacific, Middle East and Africa (APMEA) strategic market unit headquarters (HQ) in Dubai, United Arab Emirates (UAE).

The HQ, located in the heart of the bustling business establishment of One Central at the Dubai World Trade Centre, will lead Wipro’s expansion and investments across the UAE and APMEA.

“It will address the business, technology, and transformation agendas of clients in focus sectors such as financial services, retail, telecom, energy and utilities, and the public sector,” the technology services and consulting company said in a statement. 

Executive chairman Rishad Premji said the launch of the APMEA headquarters in Dubai opens a new chapter for Wipro in a fast-moving, technology-first market.

“Dubai is a gateway to the world; and its progressive government, multicultural workforce, and business-friendly policies make it a great fit for us as we expand our footprint across the APMEA regions,” he said.

The APMEA headquarters will include a co-innovation space, where strategic partners, including AWS, Microsoft, HPE, Informatica, Palo Alto Networks, SAS, and Snowflake, will collaborate with Wipro to co-create joint solutions that address the evolving needs of key sectors and technologies.

The HQ will house locally specialised teams from Capco, its global technology and management consultancy focused on financial services, and from Designit, its strategic design and innovation company, offering the very best of Wipro’s differentiated capabilities in the region, it said.

“Wipro has also introduced Lab45 in the region which is a visionary innovation space to develop ground-breaking solutions to foster and accelerate ideation with clients,” the company added.

-- BERNAMA

Mitrade unveils global affiliate programme

 

KUALA LUMPUR, Nov 15 (Bernama) -- Mitrade, a leading Contract for Difference (CFD) trading platform has launched its in-house affiliate programme and is now offering up to 50 per cent of its profit to affiliate partners.

Mitrade said in a statement that said its affiliate programme aims to promote a long-term collaboration between the brand and affiliates, offering collaborators an attractive and robust platform to introduce customers to Mitrade’s award-winning CFD trading platform.

“The affiliate programme is a new way of doing business with Mitrade, encouraging affiliates to enter a long-term co-operation to educate their users about sustainable and compliant capital market trading practices.

“Full-time affiliate marketers in the industry are encouraged to apply for a rewarding partnership which provides value add through a robust way to drive business growth,” said Mitrade head of Asia-Pacific affiliates, Nitish Nautiyal.

The affiliate programme offers two different schemes to choose from, cost-per-acquisition and revenue share programme.

Both schemes help the affiliate partners access special deals where they can generate income on a continuous basis for every new user they invite to join the platform.

Mitrade is committed to simplifying trading and providing the best user experience through mobile and web platforms.

-- BERNAMA

TUSK UNVEILS NEW PRODUCTS FOR BLACK FRIDAY WITH UP TO 30 PCT DISCOUNTS

KUALA LUMPUR, Nov 17 (Bernama) -- Tusk Inc Ltd has announced new products for the upcoming Black Friday sale.

The leading electrical solution provider, which produces products for users of mining equipment, solar energy and adapters, has announced discounts of up to 30 per cent for Black Friday on its combo of mining equipment, which combines a solar panel with a bitcoin miner.

With its recent movement from polycrystalline to photovoltaic materials, the company has tested over time the efficiency of combining its solar products with cryptocurrency miners, and this has proven to be the most effective. 

“Investors can now mine their coins without interruptions, lesser risks and maximum profit,” it said in a statement.

Tusk Inc was established in 2012 as a capital management company in Kuala Lumpur with offices around the world. 

More details at www.tusklimited.com.

-- BERNAMA

RESMED OPENS ITS LARGEST ADVANCED MANUFACTURING PLANT IN SINGAPORE

KUALA LUMPUR, Nov 17 (Bernama) -- ResMed has opened its new Advanced Manufacturing Centre in Tuas, Singapore, expanding its manufacturing footprint to support the growth, development, and production of digital health solutions.

The 270,000-square-foot (25,000-square-metre) facility more than doubles the size of ResMed’s footprint in Singapore and serves as ResMed’s key manufacturing hub in Asia-Pacific.

In a statement, ResMed said the facility will account for nearly 1,000 jobs and features smart dashboards that integrate real-time data to monitor the performance of production lines.

“Singapore’s strategic location and support for business investment, coupled with ResMed’s world-leading devices and digital health offerings, provides the perfect opportunity to expand our manufacturing capabilities while supporting local jobs and the region’s economy.

“The opening of this facility supports the continued growth of ResMed’s product portfolio to meet the needs of millions of people across Singapore, Asia-Pacific, and the world,” said ResMed chief executive officer Mick Farrell.

The facility has the manufacturing capacity and footprint to scale production for connected devices and mask systems to help people sleep, breathe and live better lives, particularly people with sleep apnea.

ResMed’s AirSense 11, the company’s latest positive airway pressure (PAP) device that allows users to monitor their own sleep apnea treatment via the myAir app, will be produced in this facility.

ResMed pioneered innovative solutions that treat and keep people out of the hospital, empowering them to live healthier and higher-quality lives.

-- BERNAMA

NEW HIGH-YIELDING PERENNIAL RICE SEES SUSTAINABILITY SUCCESS -- THE LAND INSTITUTE

KUALA LUMPUR, Nov 17 (Bernama) -- A new high-yielding, long-lived perennial rice with significant environmental, economic, and social sustainability impacts is now being grown in Southeast Asia and parts of Africa, according to a study in the journal Nature Sustainability.

Researchers in China's Yunnan Province have developed perennial rice in a relatively short two-decade timeframe, achieving comparable yields to annual rice varieties.

They were supported with scientific expertise and seed funding from Kansas-based nonprofit The Land Institute and a global network of researchers.

“Since perennial rice can produce yields over eight consecutive harvests similar to annual rice, this is direct evidence that developing perennial versions of grain crops is feasible.

“This evidence provides a clear reason to vastly increase research investment in ongoing work to develop perennial versions of crops like wheat and sorghum,” said Director of Crop Improvement and Lead Scientist of the Kernza® Domestication Program at The Land Institute, Lee DeHaan in a statement.

The research shows that perennial rice crops have advantages over annual rice crops including long-lived production whereby perennial rice produced grain for eight consecutive harvests over four years from a single planting.

Other advantages include comparable high yields; significant carbon sequestration; labour and inputs savings; and improved farmer livelihoods as farmer profits from perennial rice ranged from 17 per cent to 161 per cent above annual rice.

Senior author Fengyi Hu and Dayun Tao began working with co-author Erik Sacks to develop perennial rice in 1999 in a collaboration between the Yunnan Academy of Agricultural Sciences (YAAS) and the International Rice Research Institute (IRRI).

Hearing of the IRRI project, The Land Institute invited Sacks to present his research in 2005.

This connection eventually led to Hu and the YAAS team partnering with the perennial grain breeding experts at The Land Institute in 2007 to help jumpstart the development of a promising wide hybrid cross between annual, cultivated rice and a perennial rice cousin from Africa.

Inspired by the potential for Hu's research to develop upland perennial rice, given the catastrophic soil erosion in the hilly regions of Southeast Asia, The Land Institute provided critical funding, technical support, and mentoring and helped expand a network of global peer researchers.

-- BERNAMA

​LYDIA AI NAMED ONE OF COMPANIES-TO-WATCH IN DELOITTE'S TECHNOLOGY FAST 50™ PROGRAM

SINGAPORE, Nov 17 (Bernama-BUSINESS WIRE) -- Lydia AI received a Companies-to-Watch award as part of the 2022 Deloitte Technology Fast 50^TM program, a pre-eminent technology awards program that recognizes business growth, innovation, and entrepreneurship.

Lydia AI’s Co-founder CEO, Anthony Lee, credits the company’s success to working with insurers to develop standards for validating state of the art machine learning models. Lee said, “It was not a straight path implementing models in the insurance industry, especially Asia. Our work continues to be figuring out how to use machine learning to help the next billion people safeguard their own health and financial security.”

The Companies-to-watch category is a ranking of Canadian technology companies with the potential to be future Technology Fast 50^TM candidates by their revenue growth percentage over their last three years of operation. The winners of this year’s companies to watch category must have a minimum of $50 thousand in 2019.

“Congratulations to this year’s Companies-to-Watch winners,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “These companies have demonstrated promising growth trajectories and an exemplary ability to seize opportunities even in the face of a challenging economic context. This sets them apart as members of an emerging cohort of tech leaders in Canada. We look forward to keeping an eye on their progress in the months and years to come.”

About the Deloitte Technology Fast 50™ program

Celebrating 25 years, the Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program, recognizing business growth, innovation and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise Fast 15, Clean Technology, and Companies-to-Watch. The 2022 program sponsors include Deloitte, RBCx, Osler, EDC, CBRE, Vector Institute, Council of Canadian Innovators (CCI), Clarity Recruitment, Lafond, and TMX. For further information, visit www.fast50.ca.

About Lydia AI

Lydia AI is an insurtech startup on a mission to protect the next billion people. Insurance companies tap into the company's risk prediction engine to make instant, accurate risk predictions based on alternative data. These actuarially validated scores are used to make personalized recommendations, instantly underwrite, and insure more people. Established in 2015, Lydia AI is backed by Alibaba Entrepreneurs Fund, Information Venture Partners and 500 Global. Offices in Toronto, Taiwan and Singapore. 

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FORGING STRONGER TRADE TIES WITH GREECE AND SHARING MARKET INSIGHTS

KUALA LUMPUR, Nov 17 (Bernama) -- The Malaysian Timber Council (MTC) held its Incoming Buying Mission from Greece (IBM) and Debriefing Session at the Malaysia International Trade and Exhibition Centre (MITEC) here, on 15 November 2022.

MTC has been actively conducting programmes to enhance trade and the IBM was held after seeing good potential in imports from the Hellenic Republic.

From January to August 2022, Malaysia’s export of timber and timber products to Greece was valued at RM24.58 million. The top four products exported were wooden furniture at RM10.63 million, sawntimber at RM7.72 million, mouldings at RM1.82 million, and Builders’ Joinery and Carpentry (BJC) at RM0.61 million.
 
Compared to the same period in 2021, Malaysia’s export of sawntimber and mouldings to Greece increased by more than 100% from RM3.14 million to RM7.72 million and from RM0.58 million to RM1.82 million, respectively, while the export of BJC increased by 34.9%.
 
“Malaysia has been trading with Greece for the past 15 to 20 years and we are very optimistic of generating more trade judging from the recent import patterns,” said MTC CEO Mr. Muhtar Suhaili.

MTC was also part of a Ministerial Mission to Greece that was organized by the Ministry of Plantation Industries and Commodities in June this year to promote bilateral trade for the agricommodity sector where the Council paid a courtesy visit to the Minister of Rural Development and Food of Greece H.E. Mr. Georgios Georgantas as well as the Deputy Minister of Foreign Affairs, H.E. Mr. Konstantinos Fragkogiannis. The Council also had several engagement sessions with industry captains, including a roundtable discussion with the Greek Timber Association and the Greek Wooden Frame Association during the mission.

He added that though Malaysian timber products are exported to over 170 countries, MTC has never stopped seeking new partners or opportunities to boost the global market share for Malaysia.

A Business-to-Business (B2B) Matching Session was conducted of which a total of 12 Greek companies were matched with 21 Malaysian timber-based manufacturers who produce among others, laminated scantlings, glued laminated timbers, veneers and plywood as these are sought-after products in Greece.

Running concurrently with the B2B Matching Session was a Debriefing Session which highlighted the outcomes of programmes undertaken by MTC which included market research visits, marketing mission and raw material sourcing missions.
 
In conjunction with the IBM, factory visits were also organized where the Greek buyers visited several timber-based factories in both Selangor and Pahang.

“MTC’s programmes are extensive in nature as we try and gather on-the-ground information. It’s all about seeing where you can fill the gaps for the market and grow your business in a way that will allow you to outperform your competitors,” said Mr. Muhtar.

More than 80 industry members attended the debriefing seminar where trade findings of MTC’s visits to the United States, Australia, Papua New Guinea, Vietnam, the Philippines, Indonesia, and Thailand were shared.
 
 
CAPTIONS:
1.    MTC CEO Mr. Muhtar Suhaili delivering his welcoming remarks. - https://mtc.com.my/i/CEODeb.JPG
2.    MTC CEO Mr. Muhtar Suhaili (front row in blue suit) with participants of the Debriefing Seminar. - https://mtc.com.my/B2BGREECE/CEO01.JPG
 
 

About the Malaysian Timber Council

The Malaysian Timber Council (MTC) was established in January 1992 to promote the development and growth of the Malaysian timber industry globally. MTC's main objectives are to promote the Malaysian timber trade and develop the market for timber products globally, to promote the development of the industry by upgrading the industry's manufacturing technology base, to augment the supply of raw materials, to provide information services and to protect and improve the Malaysian timber industry's global image. Further information on the Council’s activities can be obtained from www.mtc.com.my.

 

Issued by the Malaysian Timber Council
 
Source: Malaysian Timber Council 

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Indian online education company upGrad embarks on major domestic expansion

KUALA LUMPUR, Nov 17 (Bernama) -- Indian online education company upGrad is embarking on a major domestic expansion in four cities.

upGrad said in a statement that it had leased 335,000 square feet of space in the cities of Mumbai, Bengaluru, Pune and Noida to be utilised for office spaces, offline campuses, housing for learners, studios and training rooms for a growing roster of teachers and faculties.

“We have offers out to hire over 1,400 team members between November 2022 and March 2023 across India and global offices,” it added.

Its co-founder and managing director Mayank Kumar said domestic expansion is a priority for the company.

“We are expanding to house the larger teams that we are bringing on board. Also, while our focus is on strong online delivery models, we encourage our current and prospective learners to meet us in person while they decide on the right programme for themselves.

“Thus, having an offline presence allows us to be closer to our learners in their lifelong learning journey,” he said.

upGrad operates out of 30 offices in India across 10 cities, and outside of these, its global offices are located across San Francisco, New York, Washington, London, Singapore, Dubai, Jakarta, Vietnam and Sydney, among others.

-- BERNAMA

AM BEST AFFIRMS CREDIT RATINGS OF PETROLIMEX INSURANCE CORPORATION

 

SINGAPORE, Nov 17 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Petrolimex Insurance Corporation (PJICO) (Vietnam). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PJICO’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). PJICO’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), which is expected to remain at the strongest level over the medium term. The company’s balance sheet strength assessment is supported by the stability of its capital adequacy and moderate net underwriting leverage. The company also maintains a generally conservative investment strategy, with the majority of investments held in cash and term deposits. The company has a moderate reliance on reinsurance to support its underwriting capacity for large property and engineering risks, as well as to manage accumulation risks and catastrophe exposure. The reinsurance panel is viewed to be of typically good credit quality although with some exposure to non-rated counterparties. AM Best assesses PJICO’s operating performance as adequate, as evidenced by a five-year average combined ratio of 97.7% and return-on-equity ratio of 12.2% (2017-2021). Underwriting margins for commercial lines including property and marine cargo insurance have benefited typically from low net loss ratios and good reinsurance commission income. PJICO’s underwriting performance improved in 2021 compared with the prior year, in part driven by lower claims experience given COVID-19-related mobility restriction measures in Vietnam and higher net earned premiums from premiums reserve release. The first nine months of 2022 showed a profit after tax of VND 162 billion as compared with VND 260 billion for the same period in 2021, primarily driven by lower underwriting profit based on the company’s unaudited financial statements. In addition, claims frequency normalisation may constrain underwriting margins over the near term. PJICO’s investment income is viewed to be stable and expected to continue to be an important contributor to overall earnings. AM Best views PJICO’s business profile as neutral. In 2021, PJICO ranked as the fifth-largest non-life insurer in Vietnam, with a market share of approximately 6% of gross premium written. The company’s business profile benefits from its common branding and preferential access to cargo business arising from its largest non-majority shareholder, Vietnam National Petroleum Group (Petrolimex). Premium mix is moderately diversified, with key business lines being motor, property, health and marine cargo insurance. PJICO sources business directly and through a wide agency network. Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication. This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com. Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on businesswire.com:  https://www.businesswire.com/news/home/20221116005662/en/ Contact Susan Tan Financial Analyst +65 6303 5023 susan.tan@ambest.com Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 christopher.sharkey@ambest.com Chris Lim Senior Financial Analyst +65 6303 5018 chris.lim@ambest.com Al Slavin Communications Specialist +1 908 439 2200, ext. 5098 al.slavin@ambest.com Source : AM Best

INNOPHOS LAUNCHES NEW WEBSITE FOR ASIA PACIFIC FOOD & BEVERAGE MARKET

Showcases Custom Ingredient Blends Specifically Developed to Improve Quality of Food and Beverages

CRANBURY, N.J., Nov 16 (Bernama-BUSINESS WIRE) -- Innophos, a global leader of specialty ingredient solutions that deliver far-reaching, versatile benefits for the food, health, and nutrition markets, recently launched a website dedicated to the Asia Pacific market, innophos.cn. The new website supports the rapid growth that Innophos has experienced in the Asia Pacific region during the last few years and features dual-language functionality to reach both Chinese- and English-speaking customers.

This press release features multimedia. View the full release here: 
https://www.businesswire.com/news/home/20221115005535/en/

 

“As a global leader in phosphate solutions for the food and beverage industry, our launch of innophos.cn is an important step for Innophos,” said Migue DeJong, Commercial Director, Global Food & Beverage Business, Innophos. “I look forward to seeing the continued growth of our business in Asia and around the world.”

Innophos Asia Pacific opened its manufacturing site in Taicang City, Jiangsu, China, eight years ago. From this location, Innophos provides solutions to a diverse customer base, including multinational, regional, and local food manufacturers across the Asia Pacific region and the Middle East. Innophos Asia Pacific offers a complete range of food and beverage phosphates, non‐phosphate blends, and allergen-free products to provide optimum texture, taste, nutritional value, and shelf-life solutions for various applications.

“Our business growth is driven by a deep and wide understanding of our customers’ needs and the development process,” added Laurent Dubois, General Manager, Innophos Asia Pacific. “We are proud to add value for our customers in this region, with our fully equipped applications laboratory, custom solutions, and our commitment to quality and continuous improvement.”

The new Innophos website highlights applications across various food and beverage applications including bakery, meat, seafood, dairy, noodle, and plant-based products. Discover the full range of custom blends to improve food and beverage quality with innovative phosphate ingredient solutions by visiting the new Innophos Asia Pacific website, innophos.cn.

About Innophos

Innophos is a leading international producer of specialty ingredient solutions that deliver, versatile benefits for the food, health, and nutrition markets. We leverage our expertise in the science and technology of blending and formulating phosphate, mineral, enzyme, and botanical-based ingredients to help our customers offer tasty, nutritious, and economical products. Innophos has manufacturing operations in the US, Canada, Mexico, and China. 

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Yili joins COP 27 panel discussion on green business practices

 

KUALA LUMPUR, Nov 14 (Bernama) -- China’s leading dairy producer Yili Group participated in the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 27) which was convened in Sharm el-Sheikh, Egypt.

In a statement, Yili said it was invited to attend the seminar online as a representative from China's food product industry, where the story of its pioneering net-zero carbon milk was showcased in the Sustainable Consumption Report: Chinese Enterprises' Actions.

In 2022, Yili was the first in China's food sector to launch its plan for a net zero carbon future and a roadmap to a net zero carbon future. 

Armed with this strategy, Yili plans to achieve industrial-chain-wide carbon neutrality by 2050, while also forming a “net zero carbon alliance” with like-minded partners from around the world.

In addition, Yili has been developing an integrated farming system which it had already applied to 272 partner pastures by the end of 2021. 

The company promotes green manufacturing in its plants by enhancing energy efficiency, utilising renewable energy, and employing environmentally friendly packaging.

As green and sustainable products are becoming more popular in recent years, Yili has also conveyed the concept of carbon reduction to the public through various campaigns.

It has joined the representatives of international organisations and enterprises in roundtable discussions on the respective “Green Practices of Businesses and Opportunities on Renewable Energy Supply Chain” panels.

On Nov 8, the Centre for International Knowledge on Development of China hosted the "Seminar on Clean Energy Development - Accelerating Achievement on Affordable and Clean Energy (SDG 7)" at the China Pavilion.

-- BERNAMA