Malabar Gold & Diamonds Continues Rapid Expansion; Opens its 300th Global Showroom in Dallas, USA

DALLAS, TX, Feb 4, 2023 – (ACN Newswire) – The grand inauguration of the 300th global showroom of Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with a strong retail network of 300 showrooms across 10 countries, was held in Dallas, USA.



Ms. Susan Fletcher, Collin County Commissioner and Mr. Jeff Cheney, Mayor of Frisco, Texas, jointly inaugurated the showroom in the presence of Mr. Shamlal Ahamed, Managing Director, International Operations. The event was virtually attended by Mr. M P Ahammed, Chairman, Malabar Group; Mr. KP Abdul Salam, Vice-Chairman, Malabar Group; Mr. O Asher, Managing Director, India Operations, other team members, well-wishers and dignitaries.

"It is a moment of great pride for us as we touch the 300th mark with this new showroom in Dallas, USA. We started off with a small showroom in Calicut, Kerala, India and today, in less than 30 years, we have a strong retail presence of 300 showrooms across 10 countries; all thanks to our customers, shareholders, employees and other stakeholders. We will continue to strengthen our retail presence in the regions where we have established a robust presence, as well as enter new markets with our differentiated products, services and assurances. The acceptance and patronage received by the brand gives us the confidence to further speed up the expansion process in becoming the No. 1 jewellery retailer globally," said Mr. MP Ahammed, Chairman, Malabar Group.

Malabar Gold & Diamonds currently operates in 10 countries and has immediate expansion plans into the UK, Bangladesh, Australia, Egypt, Canada, Turkey, South Africa. The future expansions are expected to create approximately 6,000 job opportunities in the retail, manufacturing, technical and management areas related to jewellery trade.

"Malabar Gold & Diamonds has played a vital role in making Indian jewellery more acceptable and trustworthy at the global level in recent years. We are now crafting unique experiences targeting the individual and specific preferences of our customers. As the design discovery and initial decision-making of most customers are happening online these days, we are focusing greatly on strengthening our omnichannel retail strategy, for which we are making use of the services of global technology giants like Microsoft, IBM, Accenture, E&Y, Deloitte etc..," said Mr. Abdul Salam KP, Vice Chairman, Malabar Group.

Malabar Gold & Diamonds is renowned globally for offering an unparalleled jewellery buying experience with convenience, and customer-friendly policies along with the 'Malabar Promise' of incomparable quality and service assurance. Malabar Promise includes assured lifetime maintenance from any of the showrooms across 10 countries, guaranteed buyback, IGI and GIA-certified diamonds ensuring 28-point quality check of global standards, zero deduction gold exchange, complete transparency, 916 hallmarked pure gold, responsible sourcing, fair price policy and fair labour practices.

"We are very excited about our future growth plan and will immediately be expanding into new markets, including the UK, Bangladesh, Australia and Canada, followed by Egypt, Turkey & South Africa. Apart from this, we will further strengthen our retail footprint within the existing markets as well. We constantly make efforts to evolve in line with the diverse preferences of our multicultural and multinational customers, as part of which we will focus further on product variety and a superior shopping experience, in addition to opening more stand-alone stores for local customers of the respective regions," said Mr. Shamlal Ahamed, Managing Director, International Operations, Malabar Gold & Diamonds.

The new showroom in Dallas has a stunning display of more than 30,000 jewellery designs from 20 countries across gold, diamonds, precious gems and platinum, catering to the design preferences of those residing in and around Dallas.

"We have an ambitious retail expansion plan in India as well, especially in the North and Central Indian states and are gearing up in a big way to enter new territories as well by setting higher standards in the jewellery trade. We understand the sensitivity of the industry and ensure compliance through responsible sourcing, ethical business practices, and transparent and professional fund management. Our association with trade bodies, financial houses, and government regulators help to ensure that our operations are infallible globally," said Mr. O Asher, Managing Director, India Operations, Malabar Gold & Diamonds.

"We will further strengthen our manufacturing capabilities to support our retail expansion drive globally. We will also be hiring skilled artisans and related staff as part of this process. This will also further bolster our mission, 'Make in India, Market to the World.' Keeping in line with the brand's outlook as a responsible jeweller, all our ongoing and upcoming facilities have and will be designed to provide safe and pleasant working conditions to the employees," said Mr. Nishad AK, Group Executive Director, Manufacturing & B2B, Malabar Group.

Malabar Group believes that the most successful companies are those which integrate responsibility and sustainability into their core business and commit 5% of their profit to support socially responsible purposes both in India and abroad, since its inception in 1993. Hunger, Health, Education, Women Empowerment, Housing and Environment are the key focus areas for the Group.

About Malabar Gold & Diamonds

Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.

With an annual turnover of $4.1 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of 300 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 16,500 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry at any time and on any day from the comfort of their homes.

The group also operates MGD, Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.

CSR has been the primary commitment of the group since its inception; integrating ESG (Environmental, Social & Governance) principles into the core business. The key CSR focus areas of Malabar Group are Hunger, Health, Education, Women Empowerment, Housing, and the Environment. The ESG goals of the organization are periodically strengthened by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.

Ganesh Somwanshi
ganesh@bloomingdalepr.com
Managing Director- APAC

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Investment is Valued and Rewarded in Nigeria says NITDA DG Kashifu Inuwa

ABUJA, NG, Feb 4, 2023 – (ACN Newswire) – The Director General, NITDA (National Information Technology Development Agency), Kashifu Inuwa has called on international investors to invest in the Nigerian tech ecosystem because doing so is valued and comes with many rewards. Speaking on the "Evolution of the Nigerian Tech Ecosystem" to the Ludwig von Bayern Startup Lions, Inuwa said there are four comparative advantages you won't find anywhere but in Nigeria.



Firstly, Inuwa suggested that Nigeria's large population and its emerging economic status positioned as a suitable investment destination in Africa. "Nigeria alone has 15% of the population and the GDP, so investing in Nigeria is like investing in Africa. Moreover, it is emerging because if you look at the tech-ecosystem, Nigeria attracts 30% of African FDI. Last year alone, the country attracted more than USD 2 billion."

Secondly, Inuwa suggested that the level of support the government now gives to the tech ecosystem is unparalleled in the history of the country. He said the government has been supporting innovation and startup. There are many interventions in terms of policies, laws and infrastructure to help businesses to grow.

"In 2019, the President expanded the mandates of our ministry to cover digital economy. Before, it was just ministry of Communications but realizing that communication is not an end, but a means to an end, while the end is how we can use technology for economic prosperity."

He recalled the Nigerian Startup Act, the Executive Order on the Ease of Doing Business, which includes incentives like visa on arrival and business incorporation under 24 hours, each aimed at transforming the economy.

"Thirdly, we have youthful and talented population which you won't find elsewhere in the world. While the developed countries are suffering from aging population, we have one of the youngest populations in the world," he observed.

"Finally, any investment has high potential for social and economic impacts, and helps the country solve its many challenges. We have challenges that require innovative solutions; we have challenges around healthcare, financial inclusion, education, transportation, and logistics. And you all know: IT or technology can provide faster solutions for us to solve all these problems.

"So, come to Nigeria and invest. You will easily feel our comparative advantages," concluded Inuwa.

While urging investors to look the way of Nigeria, Inuwa invited them to grace the Africa Tech Conference that comes up in July 2023.

NITDA, National Information Technology Development Agency, NIGERIA.
More information: https://nitda.gov.ng, Mail to: info@nitda.gov.ng.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Seeing Indonesia’s sports tourism development through Lake Toba F1 Powerboat Championship

Lake Toba, N. Sumatra, Indonesia, Feb 3, 2023 – (ACN Newswire) – In developing its sports tourism potential, Indonesia holds many championships or sports events, and one of the closest is the F1 Powerboat (F1H2O) World Championship in Lake Toba, North Sumatra, on February 24-26. Lake Toba, one of the most spacious lakes in the world, offers a great destination for athletes to compete, and tourists to enjoy the scenic view.


President Joko Widodo (L) inspects the road expansion and a bridge development in Tano Ponggol, Samosir, North Sumatera as a part of preparing the Toba Lake in North Sumatera as a world class tourism destination in Indonesia.


Assistant Deputy for Sustainable Tourism Development at the Coordinating Ministry for Maritime Affairs and Investment, Kosmas Harefa, stated that the preparation for the F1H2O World Championship in Lake Toba reached 70 percent as of January 24. "It is expected that the preparations are in accordance with the target and all the main gates will have been completed by February 10," Harefa said in a virtual gathering.

The F1 Powerboat is the world's largest motorboat racing competition for powerboats, on par with Formula 1 or MotoGP. Harefa revealed that one of the facilities' constructions, which is a centralized parking location, can accommodate three thousand to four thousand cars. "Currently, the Toba District Government, supported by the North Sumatra Provincial Public Works Office, has prepared a vast parking lot," he added. According to him, the number of visitors is targeted to reach 20 thousand to 25 thousand, by promoting the event intensively.

Meanwhile, Minister of Youth and Sports Zainudin Amali said Lake Toba as the host of F1H20 is very ready to organize this activity, as proven by the venue readiness and other supporting facilities. "The government has prepared many F1 Powerboat post events, to support the economy of the Toba people," Amali, who serves as the Chairperson of the F1H2O National Committee, said.

Lake Toba Cooler

He also ensured that the F1 Powerboat at Lake Toba will pamper the visitors, as he claimed the location is cooler than Sharjah, United Arab Emirates (UAE), where the previous F1 Powerboat event was held on December 16, 2022. "In Sharjah, the venue was an artificial lake and the weather was very hot. This is very different from Lake Toba where the air is cool and not artificial," he explained. He emphasized, the government has been preparing this event very seriously and hoping for support from various parties to make F1 Powerboat 2023 a success.

Moreover, he expressed hope that the F1 Powerboat implementation can result in the emergence of new water sports racing athletes in Indonesia. "We hope that this international event at Lake Toba can find new athletes and hopefully, they can excel," Amali said. He added, the event can promote local micro, small, and medium enterprises and show the world's trust in Indonesia in holding international events.

Unique to the world

State-owned tourism holding firm InJourney said that the F1H20 circuit in Lake Toba is the most unique in the world. "This circuit is quite unique because the track is on the lake. We have carried out the homologation (verification of the track's safety), and the circuit length is 2.2 km. Its shape is unique because Lake Toba is a volcanic lake," InJourney's Marketing and Consumer Experience Director Maya Watono said on Wednesday.

Furthermore, InJourney President Director Dony Oskaria said that the F1H20 will involve the local communities. Oskaria explained, the shores of Lake Toba can serve as places for the spectators and local people are allowed to collect fees as long as they are registered as InJourney official partners. InJourney also involved 500 students as event organizers and will give them certificates.

Minister Amali said the F1H20 event can encourage Lake Toba as one of Indonesia's super-priority tourism destinations, just as Lake Toba has gained the trust of the F1 Committee to host F1H2O for the next five years or until 2027.

By Kenzu Tandiah,
Ed: Rahmad Nasution
COPYRIGHT (c) ANTARA 2023

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ION Mobility Closes US$18.7m in Series A funding; Brings TVS Motor Company on Board as Strategic Investor

Singapore, Feb 3, 2023 – (ACN Newswire) – ION Mobility (ION) today announced new investments of US$18.7 million in its Series A funding round. Additionally, the company also brings TVS Motor Company on board as its strategic investor, through TVS Motor’s Singapore subsidiary, TVS Motor (Singapore). As part of this investment agreement, TVS Motor will provide ION with the necessary ecosystem support to be successful in the electric two-wheeler markets of Singapore and Indonesia.

ION’s latest fundraise and partnership with TVS Motor is to support its vision to build Southeast Asia’s leading electric mobility solutions company starting with Indonesia. Other investors include AC Ventures Malaysia, Michael Sampoerna and ION’s Chief Manufacturing Officer Ng Ho Sen, with existing investors such as TNB Aura, Quest Ventures, Monk’s Hill Ventures, Village Global, GDP Venture and Seeds Capital also participating in the round.

Founder and CEO James Chan said, “I am delighted with the vote of confidence that my team and I have received from TVS Motor via our funding round and partnership. We are excited to draw upon TVS Motor’s decades of global expertise in two-wheelers to accelerate our “Mobius” M1-S production readiness, as well as the design and development of other models. We look forward to leading the charge towards an electric and sustainable two-wheeler future together.”

This new funding round brings the total capital raised by ION to over US$25.5 million since 2020. The company will invest the capital into Indonesia to grow its local team, operations and capabilities. This includes its sales and marketing presence, local supply chain networks, production tooling and manufacturing capabilities in Indonesia, in order to achieve at least 50% local content.

Speaking on the occasion, Mr. Sudarshan Venu, Manging Director, TVS Motor Company said, “TVS Motor is committed to developing exciting products for consumers across global markets. We are thrilled to partner with ION Mobility, a full-stack EV company with a strong team of engineers and technical base in Singapore, to drive the premium electric two-wheeler growth in the region. We share a common vision and are eager to support them as a strategic investor.”

This announcement comes on the heels of ION Mobility’s launch of its M1-S electric scooter in Jakarta in November 2022, which also saw the company sign a broad-ranging Memorandum of Understanding (MOU) with Indonesia’s national grid operator PT Perusahaan Listrik Negara (PLN) to expand PLN’s charging network, in addition to two-wheeler fast-charging technology research and user outreach and education. The MoU was officiated by Indonesian Minister of Industry, Agus Gumiwang Kartasasmita at the Indonesia Motorcycle Show 2022, with Singapore Ambassador to Indonesia Mr. Kwok Fook Seng also in attendance.

About ION Mobility

ION Mobility is a tech and automotive OEM on a mission to create and deliver aspirational and sustainable mobility and energy solutions for everyone. They are committed to creating great products and seamless user experiences for their customers. Their products combine advanced hardware and software technology with human-centred design to deliver smart electric motorbikes and energy charging and storage solutions that are for everyone to use. Their vision is to be Southeast Asia’s top technology company leading their region’s transition towards a low-carbon economy across Southeast Asia, starting with the ION M1-S. For more information, please visit http://www.ionmobility.com and ionmobility.substack.com.

For more information, please contact: hello@ionmobility.com

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in their 100-year legacy of Trust, Value, and Passion for Customers and Exactness, they take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. They are the only two-wheeler company to have received the prestigious Deming Prize. Their products lead in their respective categories in the J.D. Power IQS and APEAL surveys. They have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Their group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Their subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which they operate. For more information, please visit http://www.tvsmotor.com.

For more information, please contact:

KS Harini – ks.harini@tvsmotor.com

Nikita Verma – nikita.verma@tvsmotor.com



Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Yeahka Limited (09923.HK) received high ESG ratings from both S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes for its proactive implementation of ESG

HONG KONG, Feb 3, 2023 – (ACN Newswire) – In 2022, Yeahka Limited (09923.HK) participated for the first time in the assessments for the S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes, earning impressive scores of 48 and A- (54.02), respectively. Yeahka's S&P Global ESG score is equal to Tencent's and higher than those of other internet companies such as Weimob, Meituan and Alibaba. Meanwhile, Yeahka's Hang Seng ESG score is higher than both the industry average (50) and the average score of all Hong Kong listed companies that participated in the assessment (52).

Initiated by S&P Global in 1999, the S&P Global ESG Scores is one of the most influential and credible corporate sustainability assessments worldwide, with 11,000 companies invited to participate in 2022. The Hang Seng Corporate Sustainability Indexes is also a well-recognized ESG rating system among investment institutions, whose results are widely used in investment decisions.

As sustainable development becomes the new consensus, ESG ratings have become an important indicator used by the capital market to assess a company's investment value. A high ESG rating implies more efficient management as well as better alignment with stakeholder expectations, indicating more favorable attention from the capital market.

With outstanding performance in corporate governance, environmental protection, consumer issues and social responsibility, Yeahka received impressive ratings in its first year participating in the assessments. In 2022, Yeahka established an ESG Committee, further strengthened its ESG governance structure and fully upgraded ESG governance authority and responsibilities within the company, and also conducted many compliance trainings internally.

In terms of environmental protection, Yeahka invested millions of RMB under the supervision and leadership of the ESG Committee to adopt green server rooms with low energy consumption, reducing its Power Usage Effectiveness (PUE) value to 1.56 and resulting in expected annual electricity savings of 798 MWh.

On the consumer side, in line with its core belief in establishing a commercial digitalized ecosystem, Yeahka is committed to expanding in-store e-commerce services that provide consumers with more convenient, favorable and timely lifestyle services. At the same time, the Company continues to optimize the product experience and enhance customer satisfaction through technology innovation.

Regarding social responsibility, Yeahka has strengthened its transaction risk control, making over 10 billion risk control decisions and conducting over 3 million risk control transactions in 2021. Yeahka continued to carry out the "Power of Small Shops" program, providing a total of RMB 22 million in financial support for small and medium-sized merchants in conjunction with third-party institutions.

Yeahka said: "We will continue to enhance ESG governance, integrating the concept of ESG development into our overall development strategy and embedding social responsibility concepts into every aspect of our operations. We are committed to helping our merchants and consumers live better through continuous technological innovation, as well as to creating long-term sustainable investment value through continuous sustainable development efforts."

S&P Global ESG scores can be found on the official website:
https://www.spglobal.com/esg/scores/results?cid=4279124

About YEAHKA LIMITED (Stock Code: 9923.HK)
Yeahka is a leading payment-based technology platform dedicated to creating value for merchants and consumers. Our goal is to build an independent and scalable commercial digitalized ecosystem to enable seamless, convenient, and reliable payment services to merchants and consumers, and to further expand into serving merchants and consumers with our diversified product portfolio, which now includes (i) in-store e-commerce services, providing consumers with local lifestyle services of great value, and (ii) merchant solutions, enabling merchants to better manage and drive business growth.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

UWC Education for Peace and Sustainability Officially Open by the Honourable Miss Alice Mak with student performances showcase the diversity of UWC

HONG KONG, Feb 3, 2023 – (ACN Newswire) – The United World College Hong Kong Committee (UWCHK) and Li Po Chun United World College of Hong Kong (LPCUWC) jointly host an exhibition under the theme of UWC education for peace and sustainability to mark the 50th anniversary of Hong Kong students in overseas UWCs and the 30th anniversary of LPCUWC. Running from 1 to 15 February 2023 at the Central Market, the event demonstrates the achievements of the school over the years with a series of exhibitions, fireside chats and public engagements featuring distinguished UWC alumni and experts in various fields in exploration of contemporary, avant-garde, technological and provocative themes.


The Guest of Honour The Honourable Alice Mak, Secretary for Home and Youth Affairs, hosts the dotting ceremony to bring the lions alive, kicking off the opening ceremony.

The Honourable Alice Mak, Secretary for Home and Youth Affairs officiates the opening ceremony of the UWC exhibition.

The exhibition under the theme of UWC education for peace and sustainability is now open to public at Central Market.

LPCUWC students are having a fruitful dialogue with the guests of honours of the exhibition, demonstrating the diversity and cultural vibrancy of UWC education.


The opening ceremony held yesterday (2 February) was officiated by the Guest of Honour The Honourable Alice Mak, Secretary for Home and Youth Affairs, Mr. Anthony Tong Kai-hong, Board Chairman of Li Po Chun United World College of Hong Kong, Dr. Arnett Edwards, Principal of Li Po Chun United World College of Hong Kong and Mr. Ken Yeung Kwok-mung, Chairman of United World Colleges Hong Kong Committee, alongside with many renowned alumni. Beginning with the uplifting African and Chinese drum performances followed by an equally exhilarating Chinese lion dance performance by LPCUWC students from different nations, it fully demonstrates the diversity and cultural vibrancy of UWC education. The exhibition was officially kicked off by the Guest of Honour with the dotting ceremony to bring the lions alive.

The UWC is a massive education movement embracing 18 Colleges worldwide, 160 National Committees and over 60,000 graduates with the vision to unite peoples, nations and cultures for peace and a sustainable future. The fortnight exhibition showcases the 50 years of UWC movement in Hong Kong, the impacts and contributions it has made. The unique UWC education experience is underscored by the deliberate diversity of the student body, residential fellowship experience and the inspirational "Quan Cai" activities of LPCUWC – the defining characteristics of UWC schools and colleges.

The Honourable Alice Mak, Secretary for Home and Youth Affairs, said "UWCHK has been promoting the intercultural learning and community participation of young people. Young people are the future pillar of Hong Kong. The Hong Kong Youth Development Blueprint released last December introduced 160 measures, reflecting the Hong Kong government's determination to promote youth development. As the epidemic eases, the government will also resume the overseas exchanges and internships to broaden the international horizons of young people. This year, more activities will be launched in collaboration with business organizations, NGOs and other youth organizations to promote positive thinking and encourage contribution to the society."

Mr. Anthony Tong, Board Chairman of Li Po Chun United World College of Hong Kong, said, "We make education a force to unite people, nations and cultures for peace and sustainable future. A vibrant and diverse learning community – across national, religious and social boundaries – is at the heart of our UWC 'magic'. The College's 30th Anniversary provides excellent opportunities for us to rekindle alumni passion for the UWC cause, raise public awareness of the UWC vision, and join hands in building up a vibrant community in answer to the higher calling of peace and sustainability for the world."

Mr. Ken Yeung, Chairman of United World Colleges Hong Kong Committee, shared, "I would like to share my deep gratitude to all donors past and present, who bring the great success of today's exhibition and the UWC Movement. The scholarships have made it possible for students from Hong Kong including myself and from across the globe to join the UWC family for an eye-opening and life-changing education. Many of the distinguished alumni have made remarkable contributions to Hong Kong, mainland China, the region and the wider world. They wholeheartedly believe that UWC values are even more relevant today as the world is facing serious geo-political and climate change challenges. With concerted effort, we can make an even stronger UWC movement for a better world with our tightly knit network of 160 National Committees globally."

One highlight of the exhibition goes to the fireside chats and networking that bring together 20 distinguished alumni and eminent speakers from different fields, such as medicine, finance, legal, built environment, arts and philanthropy. They offer insights into seven hot topics closely related to the future, covering healthcare, social innovation, smart city, talent transformation, tech innovation and sustainability, providing a deep dive into the transformative education in UWCs. 12 early-year alumni also shared their stories in videos about how UWC education inspired them to bring impact to the world from generation to generation.

Industry Fireside Chats | Sharing and Networking Drinks
Event time: 6PM to 7PM
Networking drinks: 7PM to 8PM
For details and RSVP, please refer to the anniversary website.
https://www.lpcuwc30-uwchk50.info/


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Piala Menteri Wilayah Persekutuan

KUALA LUMPUR, Feb 3, 2023 – (ACN Newswire) – In conjunction with the Hari Wilayah 2023 celebrations, Kuala Lumpur City FC, Asia's second-best team in the AFC Cup last year, will be organising the Piala Menteri Wilayah Persekutuan (PMWP) for the third time running, this Saturday, February 4, 2023, at the Kuala Lumpur Football Stadium in Bandar Tun Razak, Cheras.


Perak FC Coach Datuk Lim Teong Kim, Perak FC Captain Wan Zack Haikal, KL City FC Coach Bojan Hodak and KL City FC Captain Paulo Josue [L-R]

Piala Menteri Wilayah Persekutuan (PMWP) Trophy


First held in 2021 when KL City was crowned as inaugural winners, edging neighbours Selangor on penalties following a scoreless draw, the PMWP has evolved into an annual affair of the City Boys' highest profile pre-season friendly towards the start of their Malaysian League campaign. The coveted trophy made a short hop to Seremban in 2022, after the southerners ran out 2-0 victors against the severely weakened home team, then ravaged by the ill effects of the Covid-19 virus.

For this year's edition, KL City will be hosting a rejuvenated Perak side, led by the no-nonsense Lim Teong Kim (newly minted Datuk), who is into his first foray as a head coach of an M-League outfit. The match at 9.00 pm, may also see the KL-ites parading their new signings, Herlison Caion, Tchetche Kipre, Patrick Reichelt, Sebastian Avanzini, Matko Zirdum, Nazirul Naim, on loan Firdaus Saiyadi and welcome back the return of Sean Giannelli, in a bid to regain the trophy for a renewed tenure in the capital.

Away from the pitch, the action is set to be even grander than ever, with performances by artiste Dasha Logan, Selayang Hong Teck Sports Association Lion Dance acrobatic troupe, a showcase of exotic four-wheelers by Supercargang, HNDRD's sale of the Insta-famous City Boys t-shirt as well as the start of their sales discount for last season's Home & Away Regular Edition kit (from RM89 to RM67). Amidst all this, several F&B operators would be present to spice things up and whet your appetite at the 'fan walk' with their selection of fulfilling quick bites. Additionally, KL City's new Corporate Social Responsibility (CSR) partner MAAedicare Charitable Foundation will be doing its bit for the city folks by providing free essential health screening vouchers to the first 500 fans who purchase tickets to this match. All match attendees may choose to receive free SIMpacks by ONEXOX worth RM10 inclusive of RM5 credit and 18GB of data.

Tickets for the match will only be sold physically, and go on sale at the venue (Ticket Counter B) this Saturday, from 10 am onwards, at a heavily subsidised price of RM1 per pax (strictly cash). Each transaction is limited to a maximum purchase of 5 tickets only.

For fans who cannot attend, Astro will be broadcasting this match live over their Astro Arena network on channel 801 from 9.00 pm.

See you this Saturday, February 4, 2023, at 9 pm in the Kuala Lumpur Football Stadium, for the Piala Menteri Wilayah Persekutuan 2023: KL City Vs Perak!

Kuala Lumpur City FC: https://kualalumpurfootball.com/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hylobiz Launches its Business in Indonesia in Partnership with Accurate and Brankas, Empowers M/SMEs with Improved Cashflow and Steady Growth

JAKARTA, Feb 3, 2023 – (ACN Newswire) – The partnership of Hylobiz, a Vayana group company, with Accurate and Brankas would facilitate businesses in Indonesia with connected business software, especially accounting & POS (point of sales) and connected banking services supporting them with faster collections and strong cashflow for steady business growth.

With this, M/SMEs in the Southeast Asia market will see a positive transition. Businesses will be able to digitize invoices and collections overcoming the crippling issues related to cashflow and business growth.

With Accurate, Hylobiz shares a joint vision to enable Accurate's SME customers to achieve Cashflow and Compliance automation and thereby offer Credit (Embedded Trade Finance) through partner FIs, with Accurate ERP continuing as the customers' primary application interface.

"We (Accurate) are very happy to be partnering with Hylobiz. As we enter the modern era, we believe that everything must be efficient, everything needs to be fast. Hopefully accurate as business software especially Accounting Software & POS can be a solution for SMEs customers with a takeline #Bisnisjadimudah on developing their own business," said Yosep Stephen as CEO Accurate.

With Brankas, Hylobiz shares a joint vision to enable business growth for Indonesia's SMEs with cashflow automation by leveraging Open Banking technology.

"Embedded finance is set to have a massive impact on business innovation in the coming years, and we believe the use cases today are only just the beginning. We are excited to see the increasing usage of Brankas APIs by organizations across a variety of industries in Indonesia, and share Hylobiz' vision to drive faster collections for its customers," said Husni Fuad, Country Manager Indonesia, Brankas

Digitization of receivables, collections with payment links, automated payment reminders, automated reconciliations in real-time, and smart tracking of payments are some of the top and most needed features available with connected ERP and connected Banking capability established through the synergy of the trio.

Vishal Gupta, CEO, of Hylobiz, said, "Hylobiz has been addressing the cash collections, payouts, and real-time reconciliation for the businesses across India, UAE and the USA helping 250K businesses for growth on their cashflows. With Accurate and Brankas we aim to serve b2b SMEs in Indonesia better through ZERO process change, for faster invoice collections and embedded finance for their business growth."

About Brankas

Brankas is a leading global open finance technology provider. We provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more. With Brankas' secure open banking technology, online businesses, fintech companies and digital banks can use Brankas APIs to create new digital experiences for their users. Headquartered in Singapore.

Visit website: https://www.brankas.com/

About Accurate

Accurate is a business software to help people manage, monitor, and present their business financial reports easily.

Proven by 21 years of consistency and won top brand awards consecutively for 7 years, with outstanding features that will simplify business operational processes such as preparation management processes, recording and presenting more than 200 types of financial reports automatically, tax management and reporting, integration into various applications and other business support software and many more.

Accurate has served hundreds of thousands of businesses in various industries in Indonesia as their trusted Accounting Software and POS, with easily administer, manage, and as an easy financial system known for its features completeness and operational flexibility. This has led to Accurate Is widespread acceptance by trading companies, distribution companies, contractors, and manufacturing companies. Headquartered in Tangerang Selatan, Banten .

Visit website: https://accurate.id/

About Hylobiz, a Vayana group company

Hylobiz is a Fintech serving to simplify the processes in the B2B ecosystem and is currently operational in India, UAE, and the US and is now launching in Indonesia. With its Connected ERP and Connected Banking capabilities, the unified solution simplifies invoice collections and cashflow in the B2B space and simplifies working capital access. Headquartered in Pune, Maharashtra in India.

Visit Websites: https://hylobiz.id/, https://hylo.biz/

Media contacts:

Hylobiz, Perusahaan Vayana Group
Amit Parmar – (WhatsApp) +91 83901 08989
Arkin Dumais – (WhatsApp) + 62 85882567970
Email: amit@vayana.com, arkin@hylobiz.com

Brankas
Bala Subramanian – +65 8157 3627(Whatsapp)
Email: bala.subramanian@brankas.com

Accurate
Cinthya W Putri – +62 81381706036
Evan Mangundap – +62 82112433117
Email: cinthya.widayanti@accurate.id, evan@accurate.id

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Asia Pacific Cell & Gene Research: Novotech is Growing 50% Faster than ROW

SYDNEY, AU, Feb 3, 2023 – (ACN Newswire) – Novotech, the leading Asia Pacific focused biotech specialist CRO and recipient of the Asia Pacific Cell & Gene Therapy Clinical Trials Excellence award, said the number of cell & gene therapy trials in the region was growing 50% faster than ROW. The majority of trials are in oncology, specifically for blood cancers, viral infections, and solid tumors.

Novotech, which has extensive experience in cell & gene therapy clinical trials, is sponsoring the 6th Annual Cell And Gene Therapy Innovation Summit in Berlin, Germany (15-16 February 2023).

The company recently acquired EastHORN, a European CRO with clinical, medical and regulatory expertise in multiple strategically important locations across the continent. The acquisition is part of Novotech's global expansion program in Europe and the US.

The acquisition means biotech clients can access Novotech's unique and unparalleled suite of early to late-phase CRO services across Europe and the US, with a specialist focus on Asia Pacific where the company has built a reputation for delivering high-quality expedited clinical trials.

The latest data shows Asia Pacific is the fastest-growing region globally for cell & gene therapy trials representing more than a third of all cell & gene studies, with China leading in the region.

The region already accounts for over a third of cell & gene therapy trial activity and shows a nearly 50% faster growth rate in cell & gene therapy trials compared to ROW between 2016 and 2021. China shows a 15% faster growth rate than the ROW. After oncology, the majority of cell & gene trials are in infectious diseases, CNS, and cardiovascular diseases.

In addition, the Asia Pacific is the leading location globally for CAR-T trials with China attracting ~60% of all CAR-T trials globally between 2015-2022.

Novotech CEO Dr. John Moller said: "Cell & gene therapy research typically presents another level of complexity and regulatory processes which means an experienced CRO partner is vital. Our deep experience, exceptional site and investigator relationships – which also translates to patent access – our project management approach focused on problem-solving, ownership and flexibility, and our investments in data and technology combine to deliver the service biotechs need in this specialist sector for success."

Novotech has recently been benchmarked as a top 10 CRO among the world's leading CROs, selected for the Asia-Pacific Contract Research Organization Company of the Year Award, and has signed 45 Leading Site Partnership agreements over the last 3 years.

Download our latest data report:
Evolution of Clinical Trials in the Asia Pacific Region Compared to the US and the EU5
https://novotech-cro.com/whitepapers/evolution-clinical-trials-asia-pacific-region-compared-us-and-eu5

About Novotech (Novotech-CRO.com)

Novotech is internationally recognized as the leading Asia Pacific centred biotech Contract Research Organization (CRO) with global execution capabilities.

Novotech is a clinical CRO with labs, phase I facilities, drug development consulting services and FDA regulatory expertise and has experience in over 3,700 pre-clinical and clinical projects, including Phase I to Phase IV clinical trials and bioequivalence studies. Novotech is positioned to serve biotech clients conducting clinical trials in Asia Pacific, the US and Europe. Novotech has over 2,700 staff working across offices in 20 geographies. For more information visit https://novotech-cro.com/contact

Media Contact
David James
communications@novotech-cro.com
AU: +61 2 8218 2144
USA: +1 415 951 3228
Asia: +65 3159 3427

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SF Intra-City’s H share full circulation expected to complete 78.95 million unlisted domestic shares to be listed on 7 February

HONG KONG, Feb 3, 2023 – (ACN Newswire) – Hangzhou SF Intra-City Industrial Co., Ltd. ("SF Intra-City" or the "Company", together with its subsidiaries the "Group"; stock code: 9699), the largest third-party on-demand delivery service platform in China(1), announced today that based on the current timetable, which is subject to adjustment, the conversion of 78,947,684 unlisted domestic shares of the Company into H shares is expected to be completed on 6 February 2023, and that the listing of the Converted H Shares on the Stock Exchange will commence at 9:00 a.m. on 7 February 2023.

Upon completion of the conversion and listing, the Company's total number of H shares will be increased from 231,341,342 to 310,289,026, representing an increase in the approximate percentage of issued H shares from 24.78% to 33.24% of the Company's total number of shares.

The Company expects H share full circulation to increase trading volume in the Company's shares, boost liquidity and improve the turnover rate, further improve the Company's corporate governance structure, enhance the Company's capital market performance and strengthen investors' focus on the Company's value proposition. H share full circulation is also expected to promote the Group's long-term development by reducing the mismatch between the market capitalisation of its shares and the size of its business. The Company believes that H share full circulation will enhance capital allocation demand for its shares and boost its valuation, which will benefit the Company's development and shareholders' interests in the long run.

The positive news regarding the H share full circulation follows the Group's recent announcement of a more than 50% year-on-year reduction in its loss for the financial year 2022. In 2022, the Group strived to provide high quality, efficient and stable instant fulfilment services, achieving good revenue growth and enhanced economies of scale and network effects thanks to its efforts to build a healthy and robust business structure and its in-depth cultivation of diversified service scenarios such as delivery in a broad range of sectors, including the food and beverage and retail sectors, its expansion in lower-tier cities and personalised services. Furthermore, the significant improvements in the Group's gross profit and gross profit margin for the Year are attributable to differentiated services driving high-value orders, comprehensive planning and scheduling driven by technology to achieve better delivery network efficiency and various measures to continuously refine management and enhance operation quality, which led to improvement in the efficiency of resource allocation and utilisation.

About Hangzhou SF Intra-City Industrial Co., Ltd. (stock code: 9699.HK)
SF Intra-City focuses on the emerging opportunities of intra-city on-demand delivery services. Since 2019, SF Intra-City has operated as an independent legal entity to capture the growth opportunities arising from the new consumption trends. SF Intra-City adopts a multi-scenario business model, providing full coverage of delivery scenarios for all types of products and services. The Company's extensive service coverage, ranging from mature scenarios such as food delivery to growth scenarios such as local retail, local e-commerce and local services, has enabled it to respond to the evolving customer needs resulting from the development and upgrade of the local consumer market. For more details, please visit company's website: https://ir.sf-cityrush.com/en/investor-relations/.

(1) Ranking is based on independent third-party order volume in China in 2021, according to iResearch. The calculation of order volume takes into account the number of orders sourced independently by the market players, excluding orders from related parties.


Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com