Academic Labs Unveils Its Cutting-Edge Edtech Platform, Revolutionizing the Education with AI and Crypto

SINGAPORE, Aug 29, 2023 – (ACN Newswire) – Today, Kingston Kwek, CVO (chief visionary officer) of Academic Labs, announces the launch of their cutting-edge platform, which will revolutionize the traditional models of teaching and learning via AI, crypto and Blockchain technology.

The Visionary behind Academic Labs’ EdTech Revolution

Kwek’s vision for Academic Labs finds its roots in the global shift towards online education during the Covid-19 pandemic. As schools around the world closed their doors and education moved to virtual platforms, Kwek recognized an opportunity to reshape the educational landscape.

“Unlike a traditional classroom with teachers in person who are constrained by both manpower and classroom infrastructure, online platforms allow for scalability, with potentially millions of students able to access it cheaply and simultaneously across borders,” Kwek elaborated.

Digging deeper into the blueprint of Academic Labs, Kwek shed light on the critical factor of course content. The platform aims to provide an immersive learning experience in AI, crypto, and blockchain technology – fields that are currently igniting the tech landscape with their disruptive potential. The curriculum of Academic Labs is designed to offer a comprehensive exploration into the trending technologies of our time. Students can expect to dive into a wide variety of topics, from Ethereum and Stablecoins to popular Altcoins like Doge, Shiba, and Cardano. Moreover, the platform aims to provide an in-depth understanding of AI applications.

“In our mission to provide a well-rounded education in these fields, we have designed modules on ChatGPT and its various applications, along with other AI applications. We also delve into Ethereum, NFTs, Stablecoins, and selected Altcoins such as Doge, Shiba, Cardano, Polkadot, Litecoin, Sandbox, Solana, among others,” Kwek detailed, offering a glimpse into the rich learning journey that Academic Labs is set to offer.

Potential to Transform the Education Industry Using Web3 Technologies

When asked about the potential of Web3 technologies to transform education sector, Kwek painted a compelling picture of a future where Web 3.0 is at the helm. “Students worldwide could utilize virtual metaverse spaces for more interactive and immersive learning experiences, accessing information faster and cheaper, even when geographically isolated,” he envisioned. “Their unique educational experiences and preferences could be recorded in a blockchain-stored digital wallet, enabling personalized course customization.”

“The course content is in sync with the pulse of the current technological era,” Kwek asserted. “We have designed it in a modular format, in the form of easily digestible and engaging videos.” Kwek emphasized that Academic Labs’ platform has been meticulously crafted to appeal to the broadest audience possible. He said, “The content is primarily tailored to the younger generation, those in their 20s to 40s. However, we’ve also extended our reach to include older individuals and ambitious teenagers.” This inclusive approach, he believes, will be a significant factor in the platform’s success.

Kwek emphasized the importance of community engagement metrics, such as those visible on platforms like Telegram and Twitter, for the success of Academic Labs. “A robust online presence, particularly in terms of user numbers and followers, is crucial for the platform’s success. Factors like word-of-mouth spread, increased user numbers, and effective sales and marketing strategies will fuel the growth of our user base and followers,” he outlined.

In the digital age, Kingston Kwek’s ambitious vision positions Academic Labs as a potential game-changer in the EdTech revolution. Harnessing the power of AI, crypto, and blockchain technologies, Academic Labs aims to redefine education, potentially impacting millions of students across borders, regardless of their prior exposure to these technologies. The platform’s strong emphasis on accessibility, scalability, and quality content, coupled with Kwek’s strategic insights, augurs a promising reimagining of the future of education.

About Kingston Kwek

Kingston Kwek is an seasoned crypto and tech investor in the industry. Leveraging his business networking, cryptocurrency and tech investing experience and an outstanding intellectual background with degrees from Columbia, Wharton and the University of Pennsylvania, Kingston has invested in multiple Web3 technology and AI sectors, including Academic Labs, the leading EdTech tech company, He is also the CVO (chief visionary officer) of Academic Labs.

About Academic Labs

Academic Labs is developing an AI WEB 3 Education platform that uses its native token ACAD to incentivize content developers to create fun gamified learning content, quizzes and videos focusing on learning English and Blockchain knowledge/programming. Good quality content developers can monetize their work using PUBLISHER NFTS and achieve REPUTATION NFTs from users’ feedback on their work.

Media Contact

Brand: Academic Labs

Contact: Terry Tan

Email: Terry@academic-labs.org

Website: https://academic-labs.org

SOURCE: Academic Labs

NinjaOne Delivers Automation Innovations to its Cloud-Native IT Management Platform with its Summer 2023 Release

AUSTIN, TX, Aug 30, 2023 – (ACN Newswire) – NinjaOne, a modern, cloud-native IT management platform for managed service providers (MSPs) and IT departments, today announced the company is advancing its platform with new automation capabilities as well as providing more visibility into over five million devices used by its customers worldwide.

NinjaOne's Summer 2023 release is based on feedback from thousands of customers who provide support to in-office and remote workforces with the NinjaOne platform. In response, the company delivered major updates across its platform, including significant improvements to increase productivity, reduce errors and improve operational efficiencies for IT managers on the front lines.

Modern IT environments have become increasingly complex as traditional models of working have changed and organizations continue to support remote and hybrid work. NinjaOne's unified platform is uniquely positioned to extend IT's range of operations to all devices and users no matter where they are.

The latest release includes over 30 new features and major product enhancements, such as improved visibility into patching status and endpoint health, a new way to see and report on device information and much more. In addition, customers now have access to more powerful automation capabilities that enable build once/deploy broadly capabilities, allowing customers to automate their IT operations to sustain business performance.

"Our customers continue to serve as the driving force behind our innovations as we deliver new platform advancements that are a direct result of customer feedback," said NinjaOne CTO Robert Gibbons. "With our investments in new automation and visibility capabilities, everything we design and enhance is centered around delivering a seamless customer experience."

"We're huge fans of NinjaOne's patching capabilities and zero-touch patch automation was one of the main reasons we decided to take a closer look at the platform because it's such a time-saver for our team," said Kyle Thompson, Manager of Global Infrastructure Operations at Patra Corporation, a leading provider of IT services for the insurance industry. "The new patching dashboard makes our jobs even easier because now we have clear visibility into OS patch status for all of our endpoints – Windows, macOS and Linux – and we constantly leverage this information to make faster, more informed decisions to maintain a strong security posture."

"NinjaOne's new device search grid allows me to track all device data by easily filtering, adding or arranging device information I need to see on any group of devices at a glance," said Robert Thaller, President, Net-Flow Corporation. "It's a dramatic improvement that makes managing multiple devices effortless while improving operational efficiencies."

This release brings automation advancements that include:

NinjaOne's Software Package Repository – A powerful automation tool that allows technicians to bundle all the actions, helper files and elements needed to run complex software installation workflows into one neat package. These packages can be stored in the Automation Library and easily run anywhere, anytime IT managers need to install software.

Dynamic Script Forms – Allows technicians to insert parameters into a script via a form, making it easy to customize script outcomes without touching the script code. As a result, automated scripts are more reusable, dynamic and easier for front-line staff to deploy.

New visibility features include:

Patch Management Dashboard – Now available worldwide to NinjaOne customers, the dashboard offers a panoramic view of the status of all device patches that are scheduled, running, pending, failed and completed to help IT stay on top of all patching activities.

Device Search Grid – Allows technicians to add and arrange rich device information to easily track all relevant device data in a common search grid. Filters provide a more customized view and allow users to create very granular and targeted lists of endpoints that can be actioned or exported as a report.

Policies by Location – This new feature provides an additional level of granularity and control over how endpoints are managed based on their location. As a result, the need to apply policy overrides at the individual device policy level is reduced, leading to increased productivity and saved time.

For a complete list of all the new features, please visit https://www.ninjaone.com/blog/summer-2023-release/.

About NinjaOne

NinjaOne is a leading unified IT management solution that simplifies the way IT teams work. With NinjaOne, MSPs and IT departments can automate, manage, and remediate all their endpoint management tasks within one fast, modern, intuitive platform, improving technician efficiency and user satisfaction. NinjaOne is consistently ranked #1 for its world-class customer support and has been recognized as the best-rated software in its category on G2 and Gartner Digital Markets for the past three years. For more information, or to start a free trial, visit www.ninjaone.com.

Media contact:
Deidre Hart
732.407.1062
deidre@guyergroup.com

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

Q2 Metals Resumes Exploration Work at Its Mia Lithium Property in James Bay, Quebec

Vancouver, British Columbia–(ACN Newswire – August 30, 2023) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce the resumption of its exploration activities at the Mia Lithium Property (the “Property“) located in the Eeyou Istchee James Bay territory of Quebec. The Quebec Ministry of Natural Resources and Forests has lifted its restrictions on forest access that has remained in place in the western James Bay region due to wildfires on and near the Property.

With the restrictions lifted, the Q2 geology team has mobilized and will immediately continue surface mapping/prospecting and rock sampling. The primary objective of the upcoming program is to explore and confirm drill targets along the approximately 8-km long Mia trend which is located within a greenstone belt. The secondary objective will be to assess the potential of the broader trends on the Property (see Figure 1).

“We are excited to get back to the Mia Property to continue our field work,” said Q2 President and Chief Executive Officer, Alicia Milne. “We have a short window to conduct meaningful work before the culturally significant moose hunting season begins, which runs from September 15 to October 15, after which time we will return to the Property to continue our work. We will be assessing the Property, camp, and surrounding area given the forest fires, community evacuations, and restrictions that have been in place over the past 3 months and we look forward to updating the market as we progress.”

“We have a plan in place to rapidly advance the known spodumene-bearing pegmatites and assess the high-priority trends,” commented Q2 VP Exploration, Neil McCallum. “I have confidence that our experienced geological team at Dahrouge Geological Consulting will be able to maximize our time in the field prior to drilling. With our time cut short this summer, we have modified our drill plan to test the targets this fall as much as the weather will allow, and then return in the winter with a larger program.”

Summary of June Exploration Work

In June 2023, Q2 completed a two-day mapping and sampling program of the historically known lithium pegmatites at the Property that resulted in the collection of 28 pegmatite samples. Six (6) samples were collected from spodumene-mineralized pegmatite and the remaining twenty-two (22) from non-mineralized pegmatite to broaden the understanding of the source-rock relationships, geochronology, and/or zonation of the pegmatite. A summary of the spodumene-mineralized samples is provided in Table 1.

Table 1 – Spodumene-mineralized samples from the June, 2023 site visit

Sample	Li2O (%)	Ta2O5 (ppm)	Zone
B00293504	0.55	72.3	Mia
B00293505	2.05	101.7	Mia
B00293501	2.73	61.9	Mia
B00293510	1.57	167.3	Carte
B00293511	2.01	93.9	Carte
B00293512	1.04	72.9	Carte
B00293507	0.02	160	Carte

Mia Zone

At the Mia Zone, the historically mapped spodumene-pegmatite was sampled and returned 2.73, 2.05 and 0.55% Li₂O. This successfully verified the 2021 and 2022 work by the Property vendors of 18 grab samples averaging 2.65% Li₂O.

The Mia Zone now measures a mapped extent of approximately 370 metres and is up to 140 metres wide. This represents an extension of approximately 130 metres to the north of the previously mapped extent. There are some inclusions of the host rock within these dimensions and there are unclear contacts in all directions leading to the inability to precisely report the true size of the pegmatite.

Figure 1. Mia Property Exploration Target Trends

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/178971_0c2221b6a456093b_002full.jpg

Carte Zone

At the Carte Zone, the historically mapped spodumene-pegmatite was sampled and returned three spodumene-mineralized samples of 2.01, 1.57 and 1.04% Li₂O. This successfully verified the 2022 work by the Property vendors of 3 grab samples averaging 1.65% Li₂O.

The Carte Zone measures a mapped extent of approximately 110 metres and is up to 30 metres wide. Like the Mia Zone, the contact relationship between the host rock and the pegmatite is unclear and additional work is needed to determine the true dimensions of the pegmatite. Additionally, the next pegmatite located approximately 250 metres to the west was sampled and returned 160 ppm Ta₂O₅.

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed the technical information in this news release. Mr. McCallum is a director and VP Exploration of Q2.

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company currently advancing exploration of its 8,668-ha flagship Mia Lithium Property in the Eeyou Istchee James Bay Territory of Quebec, Canada which is host to the Mia Li-1 and Mia Li-2 lithium occurrences. The Company also owns the Stellar Lithium Property with 77 claims totaling 3,972-ha, located approximately six kilometres north of its Mia Lithium Property.

Q2 is also exploring the highly prospective Big Hill and Titan gold projects covering approximately 110 km² in the Talgai Goldfields of the broader Warwick-Texas District of Queensland, Australia, hosting 54 high-grade historical gold mines.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s profile at www.sedarplus.ca.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/178971

Nissin Foods Announces 2023 Interim Results, Net Profit Increases by 6.4% to HK$171.7 Million

HONG KONG, Aug 30, 2023 – (ACN Newswire) – Nissin Foods Company Limited ("Nissin Foods" or the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) has announced its unaudited interim results for the six months ended 30 June 2023 ("the reporting period").

The Group recorded revenue of HK$1,929.3 million for the reporting period. Gross profit grew by 1.9% to HK$658.3 million, boosting gross profit margin by 2.7 percentage points to 34.1% in 2023 from 31.4% (restated) in 2022. The increase in gross profit margin was mainly attributable to the price adjustments implemented in both Hong Kong and Mainland China in 2022 to offset the surge in manufacturing costs, as well as the easing of the key raw material costs.

Profit attributable to owners of the Company increased by 6.4% year-on-year to HK$171.7 million, improving the net profit margin from 7.9% to 8.9%. Profit and profitability improved over the same period last year mainly due to the implementation of price adjustments to offset the leap in production costs and the profit contribution from the acquisition of minority interests in Zhuhai Golden Coast Winner Food Products Limited last year. The Group's basic earnings per share for the reporting period increased to 16.45 HK cents.

The financial position of the Group remained healthy, with net cash of approximately HK$1,138.0 million and HK$820.0 million in available banking facilities as at 30 June 2023. The Group had no external borrowing as at 30 June 2023.

Review & Prospects of Instant Noodles and Non-Noodles Businesses
During the reporting period, revenue from Hong Kong and other Asia operations was HK$751.5 million. Its segment results jumped by 26.8% to HK$56.0 million. Meanwhile, for Mainland China operations, revenue of HK$1,177.8 million was recorded for the reporting period, and its segment results amounted to HK$160.6 million. Excluding the foreign currency impact, both segment results improved due to the implementation of price adjustments and the easing of raw material costs.

To drive the instant noodles business, the Group has continued to implement the premiumisation strategy and launch new products to enrich the portfolio. New flavours have been introduced to the "Cup Noodles", "Raoh", "Nissin U.F.O", "Fuku" and "Doll" brands to encourage additional consumption. During the reporting period, the Company offered three premium Japanese flavours of "Cup Noodles" Regular Cup to consumers. To provide consumers with an exciting and enjoyable experience, the Company collaborated with Japanese anime "Jujutsu Kaisen" and "Onmyoji" to launch crossover "Cup Noodles" products respectively in Hong Kong and Mainland China.

The diversification of the portfolio into non-noodles business continues and has reinforced a solid foundation for the Group to overcome adversity. During the reporting period, the Company has further expanded its exposure in various distribution channels to meet the intensified competition in the frozen food industry, while the strategy in Mainland China seems to be effective as the sales volume of frozen food products recorded satisfactory growth. The distribution business in Hong Kong recorded a substantial rebound during the first half of 2023 owing to the easing of pandemic and the revival of economic activities alongside with gradual pick-up in the number of tourist arrival. On top of it, the Company has also completed the acquisition of Hong Kong Eastpeak Limited, which wholly-owns Eastpeak Trading (Shanghai) Co., Ltd., thereby expanding the Group's distribution network in Mainland China. In addition, the performance of the "Kagome" business was outstanding following the relaxation of pandemic restrictions, and its products received remarkable consumer response from new markets in Southeast Asia. "Aojiru", a Japanese vegetable drink made from kale, has been strategically added to our portfolio to capture the health-conscious consumers in Mainland China. The Group also saw the sales volume of "Nissin Granola" grow progressively in overseas markets, with a new flavour added to enhance the product collection during the reporting period. In addition, the fresh-cut vegetables business has shown a rising demand and the distribution channels continued to expand ranging from supermarkets to restaurants, cafeterias and coffee shops.

Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "The consumer market remains a competitive landscape. We are pleased to see that the strategic initiatives implemented earlier in our business have started to gain positive results, demonstrating outstanding foresight and management capabilities of our management team.

"Our outlook remains cautiously optimistic. To address the future challenges, we will continue to roll out more premium products to delight consumers and pursue further diversification of the business portfolio to non-noodle business. In Mainland China, we will carry on the geographic expansion strategy to penetrate into more areas alongside the development of additional sales channels. In addition, we believe that the acquisition of Nissin Vietnam will enable the Group to explore more market opportunities for premium instant noodles products in Vietnam. Going forward, Nissin Foods will continue to reinforce its overall competitiveness through a well-diversified product portfolio and premiumization strategy, while increasing brand recognition in the operating regions to create long-term value for our customers and shareholders."

About Nissin Foods Company Limited
Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, the "Group"; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands, primarily focusing on the premium instant noodle segment. The Group officially established its presence in Hong Kong in 1984 and is the largest instant noodle company in Hong Kong. The Group primarily manufactures and sells instant noodles, high-quality frozen food products, including frozen dim sum and frozen noodles, and also sells and distributes other food and beverage products, including retort pouches, snacks, mineral water, sauce and vegetable products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the "ECO Cup" concept and primarily focuses its sales efforts in first-and second-tier cities.

Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. Nissin Foods is eligible for trading under Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. For more information, please visit www.nissingroup.com.hk.

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

AVIA and AVISI Combine Forces With an MOU to Fight Against Piracy and Protect and Promote Content in Indonesia

JAKARTA, Aug 30, 2023 – (ACN Newswire) – The Asia Video Industry Association (AVIA) and the Video Streaming Association of Indonesia (AVISI) today signed a Memorandum of Understanding (MOU) in Jakarta. The signing, held at the Coalition Against Piracy's (CAP's) State of Piracy Summit, sees AVIA and AVISI come together to both fight online piracy in Indonesia and promote awareness of the efforts to do so.

The MOU represents a significant step forward for AVIA and AVISI in combining their resources to combat online piracy in Indonesia and protect Indonesia's creative and media industries. Representatives from Indonesia's Ministry of Communication and Information Technology (Kominfo) were also in attendance at the signing of the MOU, which followed a panel at the State of Piracy Summit hosted by AVIA and attended by representatives from Kominfo and AVISI.

The signing of the MOU comes at a time when CAP's most recent annual consumer surveys show that 54% of consumers in Indonesia access pirate services in 2023, the fourth highest incidence of piracy in the region. There is however growing awareness of the downsides of piracy with 94% of Indonesian consumers believing that online piracy has negative consequences, the highest percentage in the region, with damage to the creative industry being the biggest perceived negative impact.

Ajeng Parameswari, General Secretary of AVISI, emphasizing the core mission behind AVISI's inception: "AVISI was established to cultivate a thriving ecosystem for the digital-creative industry, one that harmonizes seamlessly with the video streaming business model. Yet, the primary challenge we confront today is the pervasive threat of piracy."

Ajeng further underscored the imperative for a collective, amplified response to piracy: "AVISI is delighted to announce a pivotal partnership with AVIA, aiming to widen the battle against piracy, transcending borders and safeguarding content not only within Indonesia but also on an international scale. The eradication of piracy is a shared responsibility, one that must resonate as a resounding deterrent to those who perpetrate it. In this endeavor, government support is pivotal."

The AVISI and AVIA partnership marks a significant milestone in the ongoing struggle against piracy, reaffirming AVISI's unwavering dedication to upholding a piracy-free digital-creative industry. Together, they pledge to strengthen defenses, promote legal access to content, and champion the rights of content creators, ensuring that creativity thrives and piracy recedes.

"We are delighted to join with AVISI to continue the fight against online video piracy," said Louis Boswell, CEO, AVIA. Boswell also noted, "Piracy is the single biggest problem the video industry faces and to solve the problem there has to be a multi-pronged approach. With the creation of AVISI, I believe we will have greater success and engagement with the industry in Indonesia to continue working towards solutions. And we have to acknowledge the great support of government with the Ministry of Communication and Information Technology (Kominfo) who have been such great partners in addressing and mitigating the problems of piracy. With our new relationship with AVISI and Kominfo support, I am more optimistic than ever that momentum is growing which will continue to stem the tide of piracy in Indonesia."

About the Asia Video Industry Association

The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

For media enquiries and additional background please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
LinkedIn: www.linkedin.com/company/asiavideoia
Twitter: @AsiaVideoIA

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

Three Highlights Hidden in Apple’s Q3 Performance

HONG KONG, Aug 30, 2023 – (ACN Newswire) – Earlier this month, Apple announced its 2023FY third quarter results. Despite the slight decline in total revenue, combined with latest industry analysis, there are still three highlights worth noting: the strong demand in the Chinese market, the huge potential of iPhone 15 and the boost from wearable devices.

Strong demand in the Chinese market
Currently, the top five markets for the iPhone are China, the US, Japan, the UK and India. iPhone sales in emerging markets rose year-over-year, with double-digit growth overall, while Apple's Chinese market has changed from a 3% decline to an 8% growth year-over-year.

In addition, many third-party institutions released relevant research reports followed by Apple's results. According to TechInsights' latest research report, China surpassed the US being the largest single market for iPhone for the first time, indicating the strong consumer demand in the Greater China region.

The huge potential of iPhone 15
Apple's average selling price (ASP) hit a record high in the quarter, driven by higher sales of the iPhone 14 series of Pro models. This lays a good foundation for future iPhone 15 sales. The iPhone 15 is expected to be equipped with a new 3nm chip and type-c interface, which may cause a wave of replacements. According to The Elec citing industry sources, Apple plans to increase iPhone production by 3.2 million units this year.

iPhone 15 will also be manufactured by Foxconn, Luxshare and Pegatron. According to Wedbush Securities analyst Dan Ives, recent assessments of the supply chain in Asia indicate results that future iPhone revenue may exceed current expectations. Ives attributes this positive outlook to a "clear uptick" increase in demand in Greater China, coupled with higher average selling prices. With abundant supply and the highly anticipated release of the iPhone 15 in September, Apple is poised for a favorable outlook that instils investor confidence.

In addition, according to the analysis of well-known electronics analyst Ming-Chi Kuo, Apple's 2024 iPhone shipment target is 250 million, which is greater than Samsung's 220 million shipment target, which means that Apple is expected to earn the world's largest smartphone shipment in 2024.

R&D expenses have witnessed an almost 10% year-on-year increase, as revealed in a Reuters interview with Apple's CEO Tim Cook. The majority of increased investment has been allocated towards the development of AI technology. Anticipated to have a profound impact across Apple's product line, the technological advancement could serve as a compelling reason for consumers to consider purchasing the new iPhone 15, set to be released later this year.

Wearable devices could give its revenue an additional boost
This time, Apple's wearable business and service business have both achieved growth, becoming a bright spot in performance. In terms of new products, Apple may dig into the potential of health monitoring on the follow-up model of AirPods. Equipped with new sensors, the next-gen AirPods may not only support body temperature measurement, but also is expected to bring hearing aids.

At the same time, rumors said that Apple is developing a special edition watch for the 10th anniversary of the launch of the Apple Watch next year. It might include a thin and light body and a new magnetic suction strap buckle, etc., which are expected to bring continuous high-speed growth to wearable devices. The foundries of Apple Watch are mainly Luxshare Precision and Foxconn. Regarding the headset supply chain, it is currently known that Luxshare Precision, Yangming Optical, and Foxconn's GIS have been selected, and Luxshare Precision will be responsible for the final assembly.

During the conference call after the results, Tim Cook mentioned that the revolutionary Apple Vision Pro is the most advanced personal electronic device ever created and is expected to be sent to customers' hands early next year.

Earlier market reports indicate that Luxshare Precision has successfully secured contract manufacturing orders for three models of the iPhone 15 series. This marks the first time that Luxshare Precision has obtained contract manufacturing orders for three models ahead of the annual release of the new iPhone, notably including the iPhone 15 Ultra. The iPhone 15 Ultra is a new high-end model to be introduced this year, and securing the iPhone 15 Ultra order further confirms Luxshare Precision's manufacturing capabilities being well recognized by Apple.

It is worth mentioning that it is said the iPhone 15 series will be equipped with a rear camera lens featuring a 48-megapixel resolution. Cowell, a subsidiary of Luxshare Precision, is one of the major suppliers providing camera modules.

2023 has been a rewarding year for Apple investors as the stock has soared over 40% during the past seven months, driven by the resilience of the company's iPhone sales. It is rare to see a company still appear to be non-affected by the poor global economic conditions and even grow stronger and stronger. The comprehensive upgrades of the iPhone 15 are also expected to bring certain benefits to the manufacturers involved in the iPhone supply chain.

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

CIMC Group Announces 2023 Interim Results

HONG KONG, Aug 30, 2023 – (ACN Newswire) – China International Marine Containers (Group) Co., Ltd. ("CIMC Group" or the "Group", stock code: 000039.SZ/02039.HK) is pleased to announce the unaudited interim results for the six months ended 30 June, 2023 (the "Reporting Period").

The management of CIMC Group said, "In the first half of 2023, the growth momentum of global economy and trade weakened. However, with the accelerated recovery of the global container market, prosperous demand for energy consumption and improving market environment for offshore marine engineering, the Group fully utilized its global leading position in the logistics field, diversified layout in the energy sector, and diversified financing channels to accelerate the cultivation of "specialization, expertise, and innovation" in businesses, while continuously optimizing its business structure during the Reporting Period. With the solid foundation of its global operating platform, the Group can mitigate risks and fluctuations in a single region and achieve stable and high-quality development. During the Reporting Period, domestic and overseas businesses contributed 51.61% and 48.39%, respectively, to total revenue, maintaining a level similar to that of the corresponding period of last year and an optimal market distribution. Although the overall performance was down from the corresponding period of 2021-2022 but still outperformed the pre-pandemic period, especially the brilliant results of CIMC Vehicles and CIMC Enric. Overcoming the impact of global trade downturn, the container manufacturing segment recorded a net profit beyond RMB700 million; offshore engineering business saw continuous loss narrowing. Offshore engineering asset pool management realized more than 10% revenue growth and a significant improvement in operating contribution margin."

A review of the main businesses is as follows:

In the container manufacturing business, as the growth momentum of global economy and trade slowed down and the demand in the container shipping market weakened, the production and sales volume of the container manufacturing business declined from the same period last year. In particular, the accumulated sales volume of dry containers reached 263,100 TEUs (same period in 2022: 675,000 TEUs), representing decreased of approximately 61.02% year-on-year (YoY) . The accumulated sales volume of reefer containers reached 51,500 TEUs (same period in 2022: 68,400 TEUs), representing decreased of approximately 24.71% (YoY). However, the profit level remained stable owing to effective cost control. During the Reporting Period, the container manufacturing business recorded a revenue of RMB13,668 million (Same period of 2022: RMB22,768 million), decreased by 39.97% (YoY) and a net profit of RMB768 million (Same period of 2022: RMB3,053 million)

In the road transportation vehicles business, following the full implementation of "Light Tower Manufacturing Network 2023", the domestic market has been strengthened, the overseas market continued its growth trend, and the emerging market achieved remarkable performance by recording revenue and net profit growth. The revenue increased by 20.31% YoY to RMB13,470 million (Same period of 2022: RMB11,196 million); net profit grew 410.91% YoY to RMB1,892 million (Same period of 2022: RMB370 million).

In the energy, chemical and liquid food equipment business, it recorded a revenue of RMB11,388 million, up 18.96% YoY (Same period of 2022: RMB9,594 million); net profit of RMB435 million (Same period of 2022: RMB468 million). The core business of CIMC Enric experienced significant growth in order demand due to the prosperous industry environment. Generally, for clean energy business, the growth in demand was mainly driven by the pick-up in consumption of onshore LNG, the ship newbuilding price hike attributable to the growth in demand on LNG/LPG vessels and the speed up in the implementation of the green hydrogen business, under which CIMC Enric's market-leading advantage has been further leveraged and therefore resumed growth in segment results. The chemical and environment segment recorded strong operating performance and a high level of industry demand as with standard tank containers return to balanced demand and specialized tank containers received the thriving demand from new energy and semiconductor industries. For the liquid food equipment segment, it saw satisfactory and stable progress in development, largely supported by rich professional experience, diversified business layout and one-stop total solution.

In the offshore engineering business, the global market environment for shipping and offshore engineering continued to improve, and therefore the new orders received by the Group's offshore engineering segment have successively entered construction stage. During the Reporting Period, the revenue increased by 60.41% YoY to RMB4,119 million (Same period of 2022: RMB 2,568 million); the number of new orders recorded a YoY growth of 144% to USD1,490 million (Same period of 2022: USD610 million); accumulated orders on hand amounted to USD5,110 million, up 141% YoY (same period of 2022: USD2,120 million), in which the ratio between oil and gas business and non-oil and gas business maintained at 4:6, which effectively eased the periodic fluctuation of oil and gas and demonstrated a successful strategic transformation.

The finance and asset management business is mainly engaged in the centralized management of funds for the Group and the offshore asset pool management platform through diversified means of financial service and special asset management mode. During the Reporting Period, it realized a revenue of RMB802 million (same period of 2022 including CIMC Finance Lease: RMB1,150 million). Benefitting from the recovering market, the Group acquired two new lease contracts for offshore drilling platform for its offshore engineering asset operation. By the end of June of 2023, out of the existing 14 leasable offshore engineering platforms, the Group acquired lease contracts for 10 platforms, on which six jack-up platforms were leased out, four semi-submersible offshore platforms (including 2 living platforms) were leased out, and the remaining term of the lease contracts ranged from 7-74 months.

Outlook and future development

Logistics Segment
In the container manufacturing business, according to CLARKSONS' forecast, global container trade growth rates for 2023 and 2024 are projected at 1.0% and 3.4%, respectively. Market expectations show a clear upward trend, indicating a steady recovery in global trade that will provide robust support for the accelerated resurgence of industry demand. By 2024 and 2025, Drewry anticipates global container production to return to a level of 4 million TEUs.

In the road transportation vehicle business, the global automotive industry is poised for an upswing in China's commercial vehicle market. China's strategy to expand its commercial vehicles overseas is gaining momentum, particularly in emerging markets such as semitrailers with significant growth potential. Simultaneously, backed by policy support, China's new energy light truck market is ripe for exploration. CIMC Vehicles is focusing on strengthening the "National Unified Commercial Vehicle and Special Vehicle Large Market." By entering the new energy commercial vehicle sector with innovative technology and business models, the Company aims to achieve intrinsic growth driven by innovation and steady performance improvement.

Energy Segment
In the energy, chemicals, and liquid food equipment business, the International Energy Agency (IEA) forecasts that by 2030-2035, LNG will replace coal as the world's second-largest energy source. The drive for energy decarbonization continues to garner market attention and support. Coupled with the acceleration of ship-to-ship transfer demand and green shipping upgrades, China's burgeoning hydrogen energy sector is experiencing robust commercial development. CIMC Enric leveraging its clean energy leadership and technological advantages, will further enhance its comprehensive "production-storage-transportation-refueling-application" layout and integrated solutions. This strategic move will propel its business to achieve steady and rapid growth. Additionally, CIMC Enric will closely monitor changes in demand and application scenarios in the chemical tank container market, seize opportunities in the global craft brewing and emerging beverage consumption and industrial transformation, and continue to enhance its market share.

In the offshore engineering business, the global FPSO market is witnessing an evident upswing trend in the cycle, with accelerated transformation towards carbon neutrality in the global marine equipment sector. The new energy vehicle industry is driving the expansion of global automotive shipping trade volume, while strong demand for new-build ro-ro ships persists. In the latter half of 2023, the Group will actively promote business transformation and the introduction of strategic investors, expedite industrial breakthroughs, and expand gradually into new energy, based on the fundamental prospects of marine oil and gas. This approach aims to establish a combination that stabilizes the cycle.

Financial and Asset Management Segment

The offshore engineering asset pool management platform will continue to promote lean management, leveraging existing project experience and business capabilities. This strategy will seize market opportunities to enhance asset occupancy rates and project profitability. The Group will further solidify cooperation with domestic and international clients, leveraging its excellent marine platform operation and management capabilities to integrate resources and enhance upstream and downstream cooperation.

The Group's management concludes, "We will continue reinforcing our global layout strategy, with research and development centers and manufacturing bases distributed across nearly 20 countries and regions worldwide. With over 30 overseas entities, our primary focus is on Europe, the Americas, and Southeast Asia. On one hand, we will establish a strong domestic presence and expand our industrial layout in the domestic market. On the other hand, through local manufacturing overseas, we will seize the evolving market space in global logistics and energy sectors, creating a dual-engine development strategy for our Group driven by both domestic and international demand."

About China International Marine Containers (Group) Co., Ltd.
The CIMC Group is a world leading equipment and solution provider in logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC has 3 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB141.54 billion, with gross profit margin remained at 15.28% and net profit attributable to shareholders of the Company after deducting non-recurring profit or loss of RMB4.28 billion. The Group was recognized by Fortune as one of the "China's Most Admired Companies 2022", and was ranked 84th in the Fortune 500 China 2022, an increase of 35 places over the previous year. For more information, please visit http://www.cimc.com

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

Lincotrade Delivers Strong Performance for FY2023 with Revenue Surging 78.0% to S$69.9 Million

SINGAPORE, Aug 30, 2023 – (ACN Newswire) – Lincotrade & Associates Holdings Limited, ("Lincotrade" or the "Company" and together with its subsidiaries, the "Group"), a specialist in interior fitting-out services, is pleased to announce its full year financial results ended 30 June 2023 ("FY2023"), following the completion of the reverse takeover ("RTO") of Fabchem China Limited on 3 August 2022.

Highlights:
– Excluding the one-off non-cash RTO-related expenses, the Group's profit before tax in FY2023 was S$2.8 Million, a year-on-year increase of 168.2%
– Strong performance from the Group's commercial and showflats business segments, which posted revenue growth of 58.7% and 357.3% respectively, propelled the Group's revenue growth in FY2023
– Generated net cash flow of approximately S$4.7 million from operations during FY2023
– Total assets increased 26.5% to approximately S$35.1 million, of which cash and cash equivalents increased by 104.5% to approximately S$12.7 million as at 30 June 2023
– The Group's order book stood at approximately S$58.0 million as at 30 June 2023
– Aiming to expand its order book with a healthy pipeline of new projects, the Group expects the demand for its interior fitting-out services in 2023 to remain strong in view of the projections of Singapore's Building and Construction Authority ("BCA"), where the total construction demand in 2023 is projected to range between S$27 billion and S$32 billion

Commenting on its FY2023 results, Managing Director of Lincotrade, Mr. Tan Jit Meng said: "FY2023 marks a new milestone in Lincotrade's history as we completed our RTO and transition into a listed company in our corporate journey.

We look back on a strong first year of listing with good performance across the Group, both operationally and financially, which reflects our core competencies in project management and execution.

With diversity in our business model that has three different business categories, Lincotrade is well-positioned to continue our momentum of organic growth that aligns, and we aim to supplement that growth with a disciplined financial approach.

The positive outlook of Singapore's construction market reaffirms Lincotrade's positive trajectory and reinforces our belief in our ability to achieve a stronger growth profile ahead."

Propelled by higher revenue contribution from the Group's commercial and showflats business segments, the Group's revenue surged by approximately S$30.6 million or 78.0%, to approximately S$69.9 million in FY2023: Lincotrade is engaged in the provision of interior fitting-out services, additions and alterations ("A&A") works and other building construction services primarily for three business segments, commercial, residential and showflats.

As part of the Group's strategic plans to increase revenue contribution from its commercial segment, the Group has been focused on securing more commercial projects in Singapore and as a result, there was a higher percentage of revenue contribution from some of the Group's larger commercial projects in FY2023. There was also increased revenue from larger showflats projects in FY2023 while majority of the Group's residential projects were substantially completed before 30 June 2022.

As a result, revenue contribution from the Group's commercial and showflats business segments increased by approximately S$17.9 million or 58.7% and approximately S$14.1 million or 357.3% respectively in FY2023.

Gross profit increased by approximately S$2.6 million or 55.0% in FY2023 to S$7.3 million despite lower gross profit margin: Corresponding to increased revenue growth in FY2023, the Group's gross profit increased to approximately S$7.3 million in FY2023. However, the Group's gross profit margin dipped 1.5 percentage points to 10.4% in FY2023 (FY2022: 11.9%), mainly due to higher proportion of revenue contribution from the showflats business segment, which registered lower gross margin in FY2023.

One-off non-cash RTO expenses of approximately S$10.8 million includes the deemed RTO expenses of approximately S$9.6 million, share-based payment to the Sponsor and Arranger of approximately S$1.2 million: With the completion of the RTO on 3 August 2022, the Group recognised the one-off non-cash RTO expenses in accordance with the Singapore Financial Reporting Standards (International) in FY2023.

Excluding the one-off non-cash RTO expenses, Lincotrade would have recorded an adjusted profit before tax of approximately S$2.8 million for FY2023, representing a growth of 168.2% as compared to FY2022.

Generated net cash of approximately S$4.7 million from operations during FY2023: The Group recorded operating cash flows before working capital changes of approximately S$3.5 million and net cash of approximately S$4.7 million generated from operating activities during FY2023.

During FY2023, the Group used net cash of approximately S$0.3 million in investing activities and there was net cash outflow of approximately S$0.6 million from financing activities.

Overall, the Group registered a net increase of approximately S$3.8 million in cash and cash equivalents during FY2023.

Total assets increased 26.5% to approximately S$35.1 million, of which cash and cash equivalents increased 104.5% to approximately S$12.7 million as at 30 June 2023: The Group's total assets comprise non-current assets of approximately S$4.4 million and current assets of approximately S$30.6 million as at 30 June 2023.

The key components of non-current assets are property, plant and equipment of approximately S$1.4 million and non-current portion of trade and other receivables of approximately S$3.0 million. The key components of current assets are cash and cash equivalents of approximately S$12.7 million, contract assets of approximately S$5.3 million and current portion of trade and other receivables of approximately S$11.2 million.

As at end June 2023, the Group's total equity stood at approximately S$8.8 million and total liabilities amounted to approximately S$26.3 million, of which total non-current liabilities is approximately S$1.7 million and current liabilities is approximately S$24.6 million. The key components of current liabilities are trade and other payables of approximately S$11.7 million and other financial liabilities of approximately S$11.6 million.

Positive industry outlook in Singapore: According to a media release by BCA issued on 12 January 2023, it projects the total construction demand in 2023 (i.e. the value of construction contracts to be awarded) to range between S$27 billion and S$32 billion.

The public sector is expected to contribute about 60 per cent of the total construction demand, between S$16 billion and S$19 billion. Private sector construction demand is projected to be between S$11 billion and S$13 billion in 2023.

Over the medium-term, BCA expects the total construction demand to reach between $25 billion and $32 billion per year from 2024 to 2027. Private sector construction demand is projected to remain steady over the medium-term, reaching approximately S$11 billion to S$14 billion per annum from 2024 to 2027, in view of healthy investment commitments amid Singapore's strong economic fundamentals.

As at 30 June 2023, the Group's order book stood at approximately S$58.0 million which generally will be fulfilled during the next two years.

With an aim to expand its order book with a healthy pipeline of new projects, the Group continues to proactively tender for new projects in Singapore, particularly those that are larger in terms of scale and contract value. In January 2023, the Group secured an Asset Enhancement Initiative ("AEI") for an integrated development in Singapore with a contract value of approximately S$35.0 million, the largest single contract secured by the Group to date.

About Lincotrade

Established in 1991 and based in Singapore, Lincotrade has over 30 years of experience in the interior fitting-out industry and have established a proven business track record since its inception. Since 2006, Lincotrade has had its own in-house processing facility to process, assemble and manufacture Carpentry Products to support and complement its interior fitting-out services.

Lincotrade's interior fitting-out projects encompass space planning and lay-out, interior construction and finishing works on floorings, ceilings, partitions, doors, fixtures and fittings, mechanical, electrical and plumbing works such as air-conditioning installation, water and sewage fit-outs, lighting, power and other works. Lincotrade also provide A&A works include minor alterations, extension, conversion and upgrading of buildings as well as minor repair and improvement works. In addition, Lincotrade provide building construction services which mainly consist of the construction of showflats and sales galleries.

For more information, please visit http://www.lincotrade.com.sg.

Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

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

The 15th Annual Global CSR & ESG Awards Honours 2023 Winners

DA NANG, VIETNAM, Aug 30, 2023 – (ACN Newswire) – The 15th Annual Global CSR & ESG Summit & Awards ended on a high note before a full house in Da Nang, Vietnam, on August 28. Organized at the Novotel Danang Premier Han River, this years conference was held under the theme "Driving Transformational Change Beyond Greenwashing", and focused on inspiring participants to discuss and discover transformational ESG & CSR strategies, beyond conventional thinking. The conference also addressed the challenges and need for climate-friendly solutions and technologies, including electric vehicles, high tech farming, sustainable supply chains, and nature-based solutions.

Among the notable speakers, Prof. Dr. Richard Hames, Founder & Executive Director, Centre for the Future and Fellow of the World Academy of Art & Science, gave a powerful speech on "Beyond ESG: From The Impossible To The Inevitable", encouraging the move from the degenerative practices of the industrial era, through the many delusions of sustainability and lies about 'green growth', to regenerative systems globally.

In view of 20 Years of Building, Implementing and Supporting ESG in Vietnam, Ms. Kim Francois, Executive Director of BeLuxCham Vietnam presented "Localising and Creating Positive Impact for Foreign Businesses in Vietnam – Successful ESG stories of BeluxCham Blending Eastern and Western Cultures." She shared how BeLuxCham provides an eco-system that shares expertise in ESG and provides a platform to which companies can learn from each other and be part of each other's circular system. She believed that more work is needed to ensure that SMEs are learning and implementing ESG, to contribute together to the goals set by Vietnam, but mainly to be sure we are living in a healthy environment and protecting our people.

Prof. Dr. Martin Blake, the Conference Chairman announced that the Organisers are planning to hold The 16th Annual Global CSR & ESG Summit & Awards in Ho Chi Minh, Vietnam. The summit ended with the The Global CSR & ESG Awards, graced by Guest of Honour, Mr Nguyen Anh Phong, Deputy-Director-General of Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD), and Ms. Kim Francois, Executive Director of BeLuxCham Vietnam. The evening award ceremony was marked with a stunning audio and light display show.

The Award Categories for 2023:

– Best Environmental Excellence Award
– Best Community Programme Award
– Excellence In Provision Of Literacy & Education Award
– Empowerment Of Women Award
– Best Workplace Practises Award
– CSR & ESG Leadership Award
– Product Excellence Award
– Best Chief Executive Officer (CEO)
– Best Corporate Comms & Investors Relations Team

And Award Categories 2023 recognizing companies at the forefront of their countries:

– Best In Singapore
– Best In Thailand
– Best In Indonesia
– Best In Cambodia
– Best In Viet Nam
– Best In Philippines

THE WINNERS

Best Environmental Excellence Award

o Above USD 1 Billion Market Cap
— Bronze: SM Investments Crk Softex Indonesia, PT Astra International TBK
— Gold: PT Adaro Indonorporation
— Silver: Kimberly-Claesia, PT Chandra Asri Petrochemical TBK, Central Department Store Limited (Head Office)
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Bronze: PT Diageo Indonesia
— Silver: Schneider Electric Indonesia
— Gold: GeoComply Viet Nam
— Platinum: PT Kilang Pertamina International

Best Community Programme Award

o Above USD 1 Billion Market Cap
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: PT Asmin Bara Bronang
— Gold: PT Pertamina Patra Niaga Regional Jawzation
— Bronze: PT Tower Bersama Infrastructure TBK, FPT Corporation,
— PT Pertamina – Patra Niaga Fuel Terminal Rewulu
— Silver: Kuala Lumpur Kepong Berhad, Badak LNG, RHB Bank Berhad
— PT Pertamina Patra Niaga Fuel Terminal Boyolali
— Gold: Sarawak Energy Berhad, Indosat Ooredoo Hutchinson PTTEP Indonesia,
— PT Chandra Asri Petrochemical Tbk,
— Platinum: PT Pertamina Hulu Mahakam
o USD 500 Million To USD 1 Billion Market Cap
— Bronze: Bagian Tengah DPPU Ahmad Yani
— Platinum: PT Meares Soputan Mining
o Less Than USD 500 Million Market Capitalization
— Bronze: Price Waterhouse Coopers, IDP Education (Cambodia) Limited
— Silver: Diageo Viet Nam, Prince Holding Group
— Gold: PT Diageo Indonesia, GeoComply Viet Nam,
— PT Pertamina Patra Niaga Integrated Terminal Semarang
— Platinum: PT Kilang Pertamina International

Excellence In Provision Of Literacy & Education Award

o Above USD 1 Billion Market Cap
— Bronze: Adaro Energy Indonesia
— Silver: Kuala Lumpur Kepong Berhad
— Gold: PT Samsung Electronics Indonesia
— Platinum: Tata Consultancy Services Limited
o USD 500 Million To USD 1 Billion Market Capitalization
— Silver: Samsung Electronics Viet Nam Co. Ltd
— Gold: PT Asmin Bara Bronang
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: MegaWorld Foundation
— Platinum: IDP Education (Cambodia) Limited

Empowerment Of Women Award

o Above USD 1 Billion Market Cap
— Platinum: PT Pertamina Geothermal Energy Tbk Ulubelu
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)

Best Workplace Practises Award

o Above USD 1 Billion Market Cap
— Platinum: PT Tower Bersama Infrastructure TBK
o USD 500 Million To USD 1 Billion Market Capitalization
— Platinum: Manila Water
o Less Than USD 500 Million Market Capitalization
— Gold: GeoComply Viet Nam
— Platinum: Diageo Indonesia

CSR & ESG Leadership Award

o Above USD 1 Billion Market Cap
— Bronze: PT Tower Bersama Infrastructure TBK
— Silver: Tata Consultancy Services Limited, Bridgestone Asia Pacific Pte Ltd
— Gold: PT Chandra Asri Petrochemical Tbk, Aditya Birla Fashion and Retail Limited, ACEN Corporation
— Platinum: KLCC Property Holdings Berhad
o USD 500 Million To USD 1 Billion Market Capitalization
— Bronze: BHG Retail Trust Management Pte Ltd
— Silver: Home Credit Vietnam Finance Company Limited
— Gold: Samsung Electronics Vietnam Co. Ltd
— Platinum: PT Asmin Bara Bronang
o Less Than USD 500 Million Market Capitalization
— Bronze: Diageo Indonesia
— Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
— Gold: GeoComply Viet Nam
— Platinum: DEEP C Industrial Zones

Product Excellence Award

o Above USD 1 Billion Market Cap
— Bridgestone Asia Pacific Pte Ltd

Best CEO Award

o Above USD 1 Billion Market Cap
— Gold: Indosat Ooredoo Hutchinson
— Platinum: PT Chandra Asri Petrochemical Tbk

Best Corporate Comms & Investor Relations Team Award

o USD 500 Million To USD 1 Billion Market Cap
— Platinum: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Cap
— Platinum: Viettel Construction Joint Stock Corporation

Best Country Award – Best In Indonesia

o Above USD 1 Billion Market Cap
— Gold: PT Pertamina Hulu Energi Offshore North West Java
— Platinum: PT Astra International TB
o Less Than USD 500 Million Market Cap
— Silver: PT Kilang Pertamina International
— Gold: Diageo Indonesia
— Platinum: Schneider Electric Indonesia

Best Country Excellence – Best In Cambodia

o Above USD 1 Billion Market Cap
— Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Cap
— Platinum: Prince Holding Group

Best Country Excellence – Best In Thailand

o Above USD 1 Billion Market Cap
— Platinum: Krungthai-AXA Life Insurance Public Company Limited

Best Country Excellence – Best In Philippines

o Above USD 1 Billion Market Cap
— Platinum: ACEN Corporation

Best Country Excellence – Best In Singapore

o Above USD 1 Billion Market Cap
— Platinum: Tata Consultancy Services Limited

Best Country Excellence – Best In Vietnam

o Above USD 1 Billion Market Cap
— Platinum: FPT Corporation
o USD 500 Million to USD 1 Billion Market Cap
— Platinum: Samsung Electronics Viet Nam Co. Ltd,
o Less than USD 500 Million Market Cap
— Platinum: Diageo Viet Nam

For media enquiries please contact:
Cyan Lee, Pinnacle Group
E: marketing@pinnaclegroup.global
T: +65 8222 2344

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

B20 India follow-on: Pertamina to develop Bioenergy-Based Fuels, toward Energy Independence

NEW DELHI, Aug 29, 2023 – (ACN Newswire) – Pertamina will continue to develop bioenergy-based fuels, using natural resources such as sugarcane, corn, cassava, and sorghum. "Our energy will eventually be bioenergy-based, as Indonesia has abundant resources," said Nicke Widyawati, President Director of Indonesia's Pertamina.

Prime Minister Modi addressing the B20 Summit India 2023 on Aug 27. Since taking the B20 mantle from Indonesia in December, 2022, India has worked with business leaders from all G20+ countries through seven task forces and two action councils.

Nicke Widyawati, President Director of PT Pertamina, as Co-Chair for the B20 Task Force on Energy, Climate Change and Resource Efficiency, ensures regional continuity and follow-on from the B20 Indonesia 2022 to B20 India 2023.

"I met with several Indian bioethanol tech representatives in New Dehli as our byproducts can be processed in Indian companies, to follow-up and align our efforts."

According to Nicke, the bioenergy development offers many benefits in accelerating the energy transition. "For Pertamina, bioenergy is not only about reducing emissions but also decreasing import dependency and creating job opportunities. When we promote plantations, we increase work for a significant amount of the workforce."

Pertamina sees that to enhance energy independence, it must optimize Indonesia's natural resources. "It's truly sustainable when we have resources," she explained.

Nicke, as Co-Chair for the B20 Task Force on Energy, Climate Change and Resource Efficiency ensures continuity in agendas for B20 Bali and B20 India. Firstly, new & renewable energy. Secondly, a fair and affordable transition. Thirdly, developing countries with large populations such as India and Indonesia, must provide equal access to clean and affordable energy.

"We cannot do it alone; no country can do it alone. Hence, global cooperation is vital. Pertamina itself has initiated several endeavors in the context of global cooperation for energy transition," Nicke affirmed.

Vice President of Corporate Communication at Pertamina, Fadjar Djoko Santoso, stated that Pertamina is increasingly dedicated to developing energy transition initiatives following global trends.

"Pertamina is pursuing energy transition to achieve national energy resilience, accessibility, affordability, acceptability, and sustainability. In the short term, energy transition will not disrupt energy resilience; on the other hand, it can achieve carbon emission reduction targets," said Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

Media Contact:
Fadjar Djoko Santoso
Vice President Corporate Communication
PT Pertamina (Persero)
M: +62 813-2063-0765
E: fadjar.santoso@pertamina.com

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