SCIB Posts Revenue of RM32.4 Million for 3Q

KUCHING, MALAYSIA, May 25, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group recorded a revenue of RM32.4 million for the third quarter ended 31 March 2023 (3Q FY2023) compared with a revenue of RM37.5 million for the corresponding quarter of the previous financial year.
En. Rosland Bin Othman, Group Managing Director of Sarawak Consolidated Industries Berhad


For the quarter under review, the Company registered a profit before tax (PBT) of RM0.2 million compared with a loss before tax (LBT) of RM2.0 million in the corresponding quarter 3Q FY2022. For the nine-month period ended 31 March 2023 (9M FY2023), SCIB recorded RM98.7 million in revenue compared with RM102.2 million in the corresponding period of the previous financial year. For 9M FY2023, the Group's LBT narrowed to RM3.5 million compared with LBT of RM6.0 million in 9M FY2022.

On a segmental basis, the manufacturing division, which produces precast concrete and Industrialised Building System (IBS) building materials, recorded revenue of RM23.2 million in 3Q FY2023 compared with RM22.1 million in 3Q FY2022 and PBT of RM2.7 million compared with RM0.7 million. In 9M FY2023, the manufacturing segment recorded a cumulative revenue of RM68.9 million, as compared to RM64.9 million in 9M FY2022 and PBT RM4.8 million compared with RM0.97 million.

The engineering, procurement, construction, and commissioning (EPCC) division recorded a revenue of RM9.2 million in 3Q FY2023 compared with RM15.1 million in 3Q FY2022 and PBT of RM0.009 million compared with LBT of RM0.66 million. The EPCC segment registered a cumulative revenue of RM29.4 million in 9M FY2023 compared with RM36.6 million with a cumulative LBT of RM1.44 million compared with LBT of RM1.74 million.

Group Managing Director of SCIB, Encik Rosland bin Othman ("En. Rosland"), said, "The contribution to revenue in the quarter was mainly driven by the increase in sales of foundation piles while the improvement in PBT was mainly due to margins from the sales of precast concrete products. We have also seen an improvement over the nine-month period as our LBT has narrowed significantly."

"The Company will continue to leverage on its EPCC expertise to actively pursue leads for small-to-mid-sized construction projects across Malaysia where it has a niche and supported by our manufacturing division's ability to supply precast and IBS building materials together with building technology."

As at the end of 3Q FY2023, the SCIB's order book stood at a cumulative contract value of RM495.3 million.

In a separate announcement, the Company has appointed Ms. Toh Beng Suan as an independent non-executive director today. As a lawyer with over 20 years of experience, she has advised on the development, construction, financing, operation, and maintenance of some of the largest and most complex infrastructure projects in Malaysia and in the Asian and Middle East regions, as well as construction law and various forms of construction and engineering contracts.

"SCIB is cognisant of the need to be inclusive and will deeply benefit from having Ms. Toh on board, where she is a representative of how capable women can play more important and growing roles in decision-making within the Company," said En. Rosland.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

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

Hektar REIT’s Portfolio Maintains a Trend of Improvement

KUALA LUMPUR, May 25, 2023 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), today announced that for the first quarter ended 31 March 2023 (1Q 2023), Hektar REIT registered revenue of RM28.9 million and the Net Property Income (NPI) for the quarter under review stood at RM15.2 million at the back of higher utilities cost driven by the electricity tariff hike due to the adjustments of the Imbalance Cost Pass-Through (ICPT) mechanism, and the increase in minimum wages. Realised Net Income for 1Q 2023 stood at RM9.2 million due to higher finance cost in line with the increase of Overnight Policy Rates (OPR) implemented by Bank Negara Malaysia.
En. Johari Shukri Bin Jamil, Chief Executive Officer of Hektar Asset Management Sdn Bhd


Hektar REIT recorded a robust NPI Margin of 52%, indicating a healthy financial performance throughout the Assets Under Management (AUM). The Gearing Ratio was improved to 44.3% due to prudent financial management.

Hektar REIT's portfolio performance showed considerable improvement and the portfolio occupancy improved to 83.8%. Mahkota Parade & Wetex Parade occupancy rates improved tremendously, recording more than 90% and Kulim Central recorded close to 96%. The Management is also pleased to report a positive rental reversion for this quarter with 78 new or renewed tenancies consisting of 14.0% of the total Net Lettable Area (NLA), equivalent to 287,298 sq. ft. Despite the challenging retail environment, Management remains aggressive in boosting occupancies by focusing on retaining key tenants, reviewing its current mall strategies and working with innovative and creative retailers who are expected to bring the desired impact to the mall.

All malls under the portfolio experienced an uptrend in visitor traffic, showing positive signs of a return in shoppers' confidence at Hektar malls. Overall visitor footfall count for 1Q 2023 increased to 5.6 million, a massive jump of 33% compared to the same quarter in the preceding year. The Management is constantly working on intensifying marketing events & activities and Corporate Social Responsibility related events to serve the communities in the areas where our shopping centres operate.

En. Johari Shukri bin Jamil, Chief Executive Officer of Hektar Asset Management Sdn. Bhd. said: "Retail activities remained strong in this quarter on the back of festivities. Hektar REIT's malls are well-positioned as neighbourhood & community malls. This is where our focus and niche are, hence; we continuously aim at improving the overall tenancy mix & occupancies at the malls. For this year, we are planning for Subang Parade's Repositioning exercise. We believe that remixing of tenancies by bringing in new tenants will complement the existing offerings and will also be able to match the expectations of our loyal patrons. Our focus is on initiatives that will benefit our malls and retailers in the long run through implementing focused strategies that will bring improvements in visitor footfall and encourage higher customer spending, resulting in a continuous positive upward cycle and sustainable returns to our Unitholders. We will continue to sweat our AUM to enhance revenue and NPI. Our committed overall portfolio occupancy is currently 85.4% and will be realised in the subsequent quarters this year. We are in the midst of discussions with prominent & notable tenants to further improve our overall occupancy & tenancy mix."

Hektar REIT: http://www.hektarreit.com/

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

Codify Self-Care for Advancement of Universal Health Coverage, Says United for Self-Care Coalition at WHA76

GENEVE, CH, May 25, 2023 – (ACN Newswire) – On the occasion of the 76th World Health Assembly, the United for Self-Care Coalition hosted a side event highlighting the need to embed self-care into the healthcare continuum, particularly in the context of managing the burden of non-communicable diseases (NCDs), strengthening primary health care (PHC) and advancing universal health coverage (UHC).

The event, which was held on Wednesday 24 May entitled "Self-Care: A Foundational Component of Health System Sustainability," brought together policymakers, healthcare providers, academics and patient advocates to discuss strategies for integrating self-care into national health systems and advancing health equity.

Speakers from a range of organizations provided a rich debate, including representatives from the World Health Organization (WHO), the International Pharmaceutical Federation (FIP), the Self-Care Trailblazer Group, Imperial College London Self-Care Academic Research Unit (SCARU) and the International Alliance of Patient Organisations (IAPO). Speakers highlighted the potential benefits of self-care, including improved health outcomes, increased access to healthcare services, stronger health systems and reduced healthcare costs.

The event also featured the official launch of the United for Self-Care Coalition, which is a global group of like-minded organisations unified by one common goal: to achieve UHC through codifying recognition of the value of self-care within the WHO to spearhead the development of a WHO Resolution on Self-Care and/or inclusion of self-care as a meaningful component of progress. The Coalition will work collaboratively to raise awareness of the importance of self-care, promotes evidence-based interventions, and advocates for policies and strategies that support the integration of self-care as a core component of people-centred care and PHC.

"The United for Self-Care Coalition is proud to have hosted this important side event at the World Health Assembly," said Judy Stenmark, Director General of the Global Self-Care Federation. "The time to act is now. We believe that self-care is a critical component for the advancement of UHC, and we are committed to working with policymakers, healthcare providers, patients and academic partners to promote its integration into the healthcare continuum."

For more information about the United for Self-Care Coalition and details on how to join, please visit https://www.unitedforselfcare.org

Contact Information
Catherine Laverty
claverty@selfcarefederation.org

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

ZAGENO Secures $33M Funding to Revolutionize Life Science Research Procurement

Cambridge, MA, May 25, 2023 – (ACN Newswire) – ZAGENO, the leading online marketplace for life science research products, announces the completion of a $33 million funding round. General Catalyst, the largest public pension fund in the United States, Grazia Equity, OakRidge Management Group, and a German investment house led this round, joined by existing investors Capnamic Ventures and HighSage Ventures.


This funding propels ZAGENO's expansion in the United States and Europe, significantly enhancing the accessibility and affordability of life science research products. ZAGENO simplifies product discovery, experiment planning, and seamless purchasing from thousands of suppliers. The marketplace revolutionizes the scientific workflow, saving time and product costs. With a wide selection of quality products and verified suppliers, scientists benefit from competitive pricing fostered by the marketplace's transparency and supplier choice.

"We're thrilled to welcome new investors, including one of America's most powerful shareholder bodies and global leader in the investment industry and a prominent German investment house, while enjoying continued support from General Catalyst and existing investors," said Florian Wegener, CEO of ZAGENO. "This funding empowers scientists to focus on scientific value creation."

ZAGENO's online marketplace offers a vast selection of products and services, including laboratory equipment, consumables, chemicals, antibodies, and customized solutions. By providing scientists access to a network of verified suppliers, the ZAGENO platform enables informed purchasing decisions.

"ZAGENO is transforming the scientific research industry with its groundbreaking platform," said Larry Bohn, Managing Partner at General Catalyst. "We proudly support their journey."

"With this funding, ZAGENO is positioned to deliver even greater value to scientists worldwide," emphasized Joe von Rickenbach, Chairman of the Board of ZAGENO. "Their innovative platform drives unmatched efficiency and cost savings."

ZAGENO is primed for rapid growth and pioneering innovation in the scientific research industry with this new funding.

To learn more about ZAGENO, please visit www.zageno.com.

About ZAGENO

ZAGENO is a marketplace for life science research products. By revolutionizing how scientists discover, procure, and manage life science research products, ZAGENO supports researchers pursuing breakthroughs that improve our lives. With an extensive catalog, advanced search functionality, transparent pricing, and dedicated customer support, ZAGENO simplifies the research workflow and enables scientists to focus on groundbreaking discoveries. ZAGENO is a global company with offices in Cambridge, San Francisco, Berlin, and Bangalore. For more information, visit www.zageno.com.

About General Catalyst

General Catalyst is a venture capital firm that invests in powerful, positive change that endures – for our entrepreneurs, our investors, our people, and society. We support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond to build companies that withstand the test of time. With offices in San Francisco, Palo Alto, New York City, London, and Boston, the firm has helped support the growth of businesses such as: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Samsara, Snap, Stripe, and Warby Parker. For more: www.generalcatalyst.com.

Contact Information
Stephanie Harold
pr@zageno.com
+1 (857) 477-8479

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

Synergy House Posts Revenue of RM51.6 Million in 1Q FY2023

SHAH ALAM, Malaysia, May 25, 2023 – (ACN Newswire) – Synergy House Berhad, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, announced today that the Group recorded revenue of RM51.6 million for the first quarter ended 31 March 2023 (1Q FY2023) from sales in the business-to-business (B2B) and business-to-consumer (B2C) market segments.
Executive Director of Synergy House, Mr. Tan Eu Tah

Executive Director of Synergy House, Mr. Teh Yee Luen


For 1Q FY2023, the Group registered profit before tax of RM3.6 million and profit after tax of RM2.6 million. There are no comparative figures for 1Q FY2023 as this is the first interim financial report that Synergy House is announcing in compliance with the listing requirements of the ACE Market of Bursa Malaysia Securities Berhad.

The Group's B2B segment recorded a revenue of RM27.4 million or approximately 53.10% of the Group's total revenue while the B2C segment recorded a revenue of RM24.2 million or approximately 46.90% of the Group's total revenue in 1Q FY2023. In comparison, the B2C segment's contribution towards total revenue in the full financial year 2022 was at 25.57%. On a geographical basis, the United States of America was the Group's largest market, contributing to approximately 49.47% of the Group's revenue in 1Q FY2023.

Executive Director of Synergy House, Mr. Tan Eu Tah said, "As the Group enters the final stages of its initial public offering (IPO) journey, we want to reiterate that there is long-term potential in the B2C market segment for RTA home furniture. Synergy House is currently in market expansion mode whereby we are focusing on investing in our B2C sales channel aggressively for wider market outreach. For the first quarter ended 31 March 2023, we have achieved total B2C revenue of RM24.2 million, which is close to 50% of our total B2C revenue for the full financial year ended 31 December 2022 of RM49.6 million."

Executive Director of Synergy House, Mr. Teh Yee Luen said, "As part of our expansion, we have allocated resources and funding to build up our brand name, reputation and reviews on e-commerce platforms. These includes more aggressive advertisement and promotions on the e-commerce platforms that we market on which will bear fruits in the longer term. We see huge potential in the global e-commerce furniture market and we are consistently sowing the seeds for future B2C growth."

Synergy House is raising RM34.4 million through the issuance of 80.0 million new shares at an IPO price of RM0.43 per share which is expected to support the Group's future growth and expansion plans.

For the financial years ended 31 December (FY) 2019, FY 2020, FY 2021 and FY 2022, the Group registered revenue of RM111.5 million, RM122.9 million, RM184.3 million and RM194.1 million respectively. In particular, Synergy House's B2C segment has seen encouraging growth, with sales reaching RM49.6 million in FY2022 from RM1.99 million in FY2019 at a compound annual growth rate of 192.17%.

Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.

Synergy House Bhd: https://www.synergyhouseberhad.com/

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

Shaping the Future of HoReCa: THAIFEX – HOREC Asia Soft Launch Unveils Next-generation Trends in Bangkok, Thailand

BANGKOK, Thailand, May 25, 2023 – (ACN Newswire) – The highly anticipated soft launch of THAIFEX – HORECA Asia took place today at THAIFEX – Anuga Asia, offering an exciting preview of what the official launch in March 2024 has in store. Thailand’s Department of International Trade Promotion (DITP), the Thai Chamber of Commerce (TCC), and Koelnmesse joined forces to deliver an immersive experience for VIP guests and members of the media, presenting an insightful glimpse into the upcoming debut in March 2024.

This soft launch at the THAIFEX – HOREC Xperiential Zone at IMPACT Hall 1 showcased a comprehensive range of innovative solutions spanning nine major segments, namely Bakery & Ice-cream, Café and Bar, Cleaning and Laundry, Dining, Furnishing, Kitchen, Services, Tech and Wellness, guaranteeing an unparalleled platform for industry professionals to delve into the latest trends, establish fruitful business partnerships, and gain valuable insights.

Esteemed partners such as Electrolux, Global Food Products, Unilever, and Scotsman, along with influential organisations like Centara, Dusit Thani, Le Cordon Bleu, Thai Chef Association, Thai Coffee Association, Thai Spa Association, and The Food School, were present, showcasing their leading role in driving scalable solutions across the hospitality, wellness, digital innovation, alternative protein manufacturing, and sustainable technology sectors. Their presence added prestige to the event and emphasised their instrumental role in advancing innovative solutions for the sustained growth of the HoReCa industry in Thailand and beyond.

Director-General, Department of International Trade Promotion (DITP), Khun Phusit Ratanakul Sereroengrit, said, “We are proud to introduce THAIFEX – HOREC Asia as a true game-changer in the hotel, restaurant, and catering sectors. With our extensive industry expertise and the remarkable success of THAIFEX – Anuga Asia, we are strategically positioned to seize the burgeoning opportunities in this market. As the projected value of the HoReCa industry soars to USD 2.38 trillion by 2028[1], our groundbreaking trade show aims to leverage Asia’s post-pandemic tourism boom and reinforce Thailand’s position as a regional hub. Supported by government backing, infrastructure development, and a vibrant hospitality scene, we are set to make a significant impact.”

Chairman of The Thai Chamber of Commerce (TCC), Khun Sanan Angubolkul, said, “The closure of hotels and staff retrenchment has had a deep impact on the local economy. However, THAIFEX – HOREC Asia serves as a catalyst to stimulate the domestic economy and create valuable job opportunities, particularly for Thai businesses in service industries like spas and hotels. In the post-COVID world, Thai businesses need to embrace innovation and adapt their models to meet evolving consumer demands, safety regulations, and operational challenges. This trade show provides a platform for Thai businesses to export, import, increase seed funding for start-ups, network with critical partners, gain industry insights, explore investment opportunities, and showcase their excellence. It fosters a collaborative environment where Thai businesses can learn, thrive, and amplify their capabilities, products, and services, highlighting the rich cultural heritage and entrepreneurial spirit of Thailand.”

In addition to the nine key exhibiting segments that cover critical aspects of the industry, what sets THAIFEX – HOREC Asia apart and keeps the show ahead of the curve is the organisers ability to identify and unveil key trends to its stakeholders.

Koelnmesse, Managing Director and VP Asia-Pacific, Mathias Kuepper, said, “Our THAIFEX – HOREC Xperiential Zone curated today takes the visitor experience to the next level by allowing direct engagement with innovative trends. Guided by our experts, visitors can interact with cutting-edge solutions in six key trends that are shaping the industry. The long-term goals of THAIFEX – HOREC Asia are to drive continuous innovation, foster collaboration, and ensure sustainable growth within the HORECA industry. We envision establishing the trade show as a leading hub for Southeast Asia, shaping the future of the industry through transformative ideas, cross-border collaborations, and a commitment to sustainability. Together, we can propel the HORECA sector to new heights of success while setting a new standard for eco-friendly practices.”

Six key trends will also be addressed at THAIFEX – HOREC Asia.

  1. Sustainability is a vital trend in the hotel industry, and we showcase innovative furniture designs and practices that promote a responsible and eco-conscious image. Celebrated Thai designers like Deesawat, Moonler and Sculpture are leading the way in creative innovation.

  2. Contactless technology is transforming the guest experience, with smart technologies and automation solutions from companies like SCG providing convenience and positioning hotels as innovative and eco-friendly.

  3. Digitalised guest experiences are enhanced through the integration of robot servers provided by I-Bechamp, improving efficiency and customer satisfaction. Virtual reality tours and guest apps further enhance connectivity and manage customer expectations.

  4. Plant-based menus are on the rise, and we witness the emergence of startups developing animal-identical fats and alternative meat options that meet consumer demands for taste and texture. Data-driven approaches are also being employed to create the next generation of plant-based cheese.

  5. Food waste is being creatively addressed by beverage makers through upcycling ingredients into sustainable zero-waste drinks. AI-driven solutions, such as End of Waste, help hotels manage and end waste, optimising inventory and supporting sustainable practices.

  6. Energy efficiency is another important trend, and we showcase exhibitors like Cimbali, Hobart, and TNP Group, who prioritise sustainability in their cutting-edge solutions for commercial kitchens, hotels and cafes.

Alongside these trends, attendees can look forward to supporting programs such as:

  • Asian Barista Team Championship
  • Hosted Buyer Program
  • THAIFEX – HOREC Academy
  • THAIFEX – HOREC Innovation Awards
  • THAIFEX – HOREC Xperiential Zone

The THAIFEX – HOREC Asia, scheduled to take place from March 6 to 8, 2024, at IMPACT, Muang Thong Thani, Bangkok, Thailand, seeks to attract over 300 leading brands and 20,000 trade visitors from Southeast Asia and key cities across Asia Pacific.

For more information, please visit www.thaifex-horec.asia

Program and Registration:

[1] https://www.marketresearchfuture.com/reports/horeca-market-10535

About the Department of International Trade Promotion, Ministry of Commerce, Thailand

The Department of International Trade Promotion is committed to providing excellent service to Thai entrepreneurs in international business, including trade facilities, cost reduction, value creation of goods and services, providing consultation for overseas market access and maintenance, as well as close cooperation with the private sector to promote Thailand as a major gateway of Asia. http://www.ditp.go.th/

About the Thai Chamber of Commerce

The Thai Chamber of Commerce represents the Thai private sector to facilitate business and trade as well as to serve as the central coordinating agency between the government and private sector, and also helps to promote trade, business and economic cooperation including, build relationships between Thai and partner countries at the bilateral and multilateral level as well as plays a proactive role in representing the interests of the local Thai business community. https://www.thaichamber.org/

About Koelnmesse – Global Competence in Food and FoodTec

Koelnmesse is an international leader in organising food fairs and events regarding food and beverage processing. Trade fairs such as the Anuga, ISM, and Anuga FoodTec are established world leaders. Koelnmesse not only organises food and food technology trade fairs in Cologne, Germany but also in further growth markets around the globe, for example, in Brazil, China, Colombia, India, Italy, Japan, Thailand, the United States and the United Arab Emirates, which have different focuses and contents. These global activities enable us to offer our customers a network of events, which grant access to different markets and thus create a basis for sustainable and stable international business. Further Information is available at: https://www.koelnmesse.com/current-dates/all-trade-fairs/

Media Contacts:

International
Wani Diwarkar
Mobile: +65 98320643
E-mail: wani@pinpointpr.sg

Organiser
Faith Lim
Tel: +65 9230 6126
E-mail: faith.lim@koelnmesse.com.sg

Thailand
Jitjam Adsawakeawmongkol
Mobile: +66(0)81-924-9271
E-mail: jitjama@arip.co.th

Organiser
Jeerabhas Rerkpiyasap
Tel. +66 2507 8341
jeerabhasr@ditp.go.th http://www.ditp.go.th



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

THAIFEX – Anuga Asia Unveils its Largest Edition Yet, Solidifying its Position as Southeast Asia’s Leading Food & Beverage Trade Show

Between 23-27 May, a record-setting of 3,000 food and beverage manufacturers to exhibit at Asia’s largest food trade unveiling the future of foods to 60,000 international trade visitors, pioneering new opportunities and trends.

BANGKOK, Thailand, May 24, 2023 – (ACN Newswire) – THAIFEX – Anuga Asia 2023, Asia’s largest and most important food trade fair officially launched today with a grand opening ceremony at Impact Muang Thong Thani in Bangkok, Thailand. Hosted by organizers the Department of International Trade Promotion (DITP), the Thai Chamber of Commerce (TCC) and Koelnmesse, the official opening event was attended by Deputy Prime Minister and Minister of Commerce, Mr. Jurin Laksanawisit, industry leaders, global exhibitors, international VIP guests and global media.

With an impressive lineup of exhibitors from more than 40 countries, THAIFEX – Anuga Asia 2023 solidifies its position as the leading platform for F&B professionals in Asia-Pacific. Spanning across 130,000 square meters of exhibition space, featuring 11 exhibition halls, this expansive event is expected to attract over 60,000 trade visitors, buyers, and decision-makers from 140 countries under one roof.

THAIFEX – Anuga Asia serves as a catalyst for international exhibitors, brands, and products to unlock new business prospects in Southeast Asia, facilitating valuable opportunities with buyers and fostering lucrative partnerships in the region.

The mammoth trade fair is expected to generate 70,000 million baht in revenue this May. It will feature 11 signature trade shows, 11 trends, and 6 special shows, all designed to shine a spotlight on emerging trends, innovative blueprints, bold ideas, and cutting-edge solutions that are shaping the F&B industry. Trade attendees can expect an immersive experience that unveils the latest advancements and offers insights into the future of the F&B sector.

Khun Phusit Ratanakul Sereroengrit, Director-General, the Department of International Trade Promotion (DITP), said, “THAIFEX – Anuga Asia is Southeast Asia’s flagship food and beverage trade fair and we are thrilled to be hosting its largest edition yet. Thailand is Southeast Asia’s second-largest economy, with a GDP of US$495 billion in 20221, and our food manufacturing and agriculture sectors are significant contributors to this. THAIFEX – Anuga Asia showcases Thailand’s rich culinary heritage, high-quality products, and offers a gateway for global players to access our vibrant market while we also tap into international trade opportunities. This year’s event, THAIFEX – Anuga Asia 2023, gathers more than 3,000 exhibitors, including Thai and international exhibitors. Through initiatives like THAIFEX – Anuga Asia, we are confident in forging stronger connections in shaping the future of food security on a global scale and propelling Thailand’s key position in the F&B industry to new heights.”

THAIFEX – Anuga Asia also serves as a crucial platform that shines a spotlight on Thailand’s domestic food and beverage brands and with the ever-changing landscape of the industry, it presents opportunities to discover further innovation.

Khun Sanan Angubolkul, Chairman of the Thai Chamber of Commerce (TCC), said, THAIFEX – Anuga Asia plays a vital role in supporting and promoting local Thai businesses, showcasing their remarkable innovations and diverse product lines to international buyers. This year, there are 1,100 Thai exhibitors to join us. The event serves as a platform to elevate the visibility of our homegrown talents and connect them with global opportunities. This synergy between local businesses and international buyers is a testament to the transformative power of THAIFEX – Anuga Asia in driving growth, fostering innovation, and strengthening Thailand’s position in the global marketplace.”

DITP, TCC and Koelnmesse have played a pivotal role in curating and successfully executing 19 editions of the renowned food and trade fair in Thailand, with each year showcasing a significant evolution.

Managing Director and VP Asia-Pacific of Koelnmesse, Mathias Kuepper, “We take great pride in celebrating the official opening of our largest edition of THAIFEX – Anuga Asia to date, representing a remarkable milestone in the history of our event. This show serves as a vital conduit, facilitating meaningful connections between international exhibitors, brands, and products with buyers from the dynamic Southeast Asian region. This platform fosters collaborations, opens doors to new opportunities, and drives success in this thriving market.”

“This year, we have exceeded expectations by securing an impressive lineup of 1,925 exhibitors hailing from 43 countries, more than double the number from last year. Among these exhibitors are renowned, award-winning brands spanning various industry verticals, alongside visionary game changers who are reshaping the food landscape. By showcasing consumer-led transformations, we are collectively pushing the boundaries of innovation in the food industry. Moreover, our steadfast commitment to technology and sustainability ensures that we are actively shaping a future of sustainable practices and food security,” Mr. Kuepper added.

Key THAIFEX – Anuga Asia 2023 highlights include:

  • THAIFEX – Anuga tasteInnovation Show Winners
    Showcasing Asia’s Most Innovative Food Products and Solutions, tasteInnovation Show winners have been unveiled. This special show is dedicated to highlighting Asia’s newest and most innovative food products and solutions that are pushing the boundaries of creativity, personal health, sustainability, and taste profiles.

Handpicked from a multitude of entries, a total of 11 winners were identified from 50 impressive finalists. Some of these (but not limited to) include:

  • KAPP·POPP Thai Microwave pork crackle by Hesco Solution Co., Ltd.
  • Chickpea rice by Eatvolution Co., Ltd.
  • CP FI-IT Sausage by CPF (Thailand) Public Co., Ltd.

Complete list of winners can be accessed HERE.

  • World Coffee Tasting: Origin Coffee – Hall 1

    • Revenue in the Coffee segment amounts to US$142.00bn in 2023. The market is expected to grow annually by 5.52% (CAGR 2023-2025)2. THAIFEX – Anuga Asia plays a significant role in the coffee and tea industry in Asia, providing a global platform for industry players to showcase their products and connect with potential buyers and partners. In Hall 1, the rich culture and distinct flavours from Brazil, Guatemala, Kenya and Thailand will be on showcase.

Unleashing the Potential of Next-Gen Food and Beverage Innovation. You will have a front-row seat to capture and share the insights, trends, and breakthroughs that will shape the future of our food. Highlights include:

  • Tuesday, 23 May

  • 11.00am – 11.30am
    • Supporting Mental Health through Food and Drink
    • Speaker: Miss Rashmika Khanijou Research Analyst, Food&Drink, Thailand, Mintel
  • 12.30pm – 3.15pm
    • Future Food is Here
    • Speaker: Mr. Santi Abakaz, CEO/Co-Founder TASTEBUD LAB
  • 2.30pm – 3.15pm
    • Where is the Future of Future Food
    • Speakers: Tony Hunter, A Global Food Futurist Speaker,
    • Mr. Apirak Kosayodhin, Chairman & CEO of V Foods (Thailand)
    • Mr. Gerben Kamps, Global Business Development for Alternative Protein Business Unit, Thai Union
    • Dr. Akamol Klaikherd AVP, Group TSTD
  • 3.30pm – 4.30pm
    • Opening and Welcoming to Future Food Experience and Delegation Tour led by Khun Sanan Angubolkul, Chairman of the Thai Chamber of Commerce (TCC)

  • Access complete speaker line-up from 23-27 HERE.

THAIFEX – HOREC Xperiential Zone – Hall 1

    • Visitors will step into the world of curated HoReCa companies as they unite to address the pressing challenges faced by today’s hospitality businesses. At THAIFEX – HOREC Xperiential Zone, visitors and HoReCa business owners will have the opportunity to witness and interact with an array of products, gaining valuable insights into how innovative solutions can be seamlessly integrated into their own operations. Immersive technological-led experience guided by a dedicated team will showcase exceptional quality and transformative solutions that give businesses a competitive edge.

  • Explore the 9 Dynamic Segments
    • Bakery & Ice-Cream
    • Cafe&Bar
    • Cleaning & Laundry
    • Dining
    • Furnishing
    • Kitchen
    • Services
    • Tech
    • Wellness
  • And 6 Emerging Trends:
    • Sustainability
    • Contactless
    • Digitalized Guest Experience
    • Plant Based Menu
    • Food Waste
    • Energy Efficiency

In addition to new programs, THAIFEX – Anuga Asia 2023 will see the return of popular shows, including:

  • THAIFEX – Anuga Future Food Market presents new and emerging food and beverage breakthroughs in segments such as alternative or sustainable products, new nutrition, and tech-enhanced processes. Visitors can sample the products on display, experience the products that supermarket of the future may hold, and connect with industry professionals and food enthusiasts to discover and learn about the latest developments in the food industry.

Thailand Ultimate Chef Challenge (TUCC)

  • Dates: May 23-27, 2023
  • Venue: Hall 12, Muang Thong Thani, Bangkok
  • 9th edition of TUCC, Asia’s esteemed culinary contest
  • Over 700 professional and aspiring chefs competing
  • 19 categories, including new plant-based theme
  • Judged by a panel of 20+ experts approved by World Associations of Chefs’ Socieities (WACS)
  • Winners will be recognised in the following categories:
    • Best Ultimate Establishment
    • Best Ultimate Asian Gourmet Challenge
    • Best Ultimate Asian Chef
    • Best Ultimate Professional Chef
  • There will be a spotlight on appetizing plant-based and Asian food

THAIFEX – Anuga Asia 2023 is organised by the Department of International Trade Promotion (DITP), Thai Chamber of Commerce (TCC) and Koelnmesse. For more information, please visit https://thaifex-anuga.com

11 Signature Trade Shows:

  1. Coffee and Tea
  2. Drinks
  3. Fine Foods
  4. Food Service
  5. Food Technology
  6. Frozen Food
  7. Fruits and Vegetables
  8. Meat
  9. Rice
  10. Seafood
  11. Sweet and Confectionary

6 Special Shows:

  1. THAIFEX – Anuga Future Food Market
  2. THAIFEX – Anuga Halal Market
  3. THAIFEX – Anuga Organic Market
  4. THAIFEX – Anuga Startup
  5. THAIFEX – Anuga tasteInnovation show
  6. THAIFEX – Anuga Trend Zone

3 Supporting Programmes:

  1. Future Food Experience+
  2. [New] HoReCa Experiential Zone
  3. Thailand Ultimate Chef Challenge

Program and Registration:

(1) Office of the National Economic and Social Development Council, Thailand (17 February 2023)
(2) https://www.statista.com/outlook/cmo/hot-drinks/coffee/asia

Notes to Editors:

  • Media accreditation: Media may register for THAIFEX – Anuga Asia at our virtual newsroom to apply for accreditation
  • Download high-resolution past event images here
  • Access Full Program Agenda here
  • There will be no live streaming of any of the sessions this year, although selected videos will be uploaded for On-Demand Access after the event
  • Interview requests with speakers, exhibitors, or sponsors, should be directed to thaifex-anuga@pinpointpr.sg

About the Department of International Trade Promotion, Ministry of Commerce, Thailand

The Department of International Trade Promotion is committed to providing excellent service to Thai entrepreneurs in international business, including trade facility, cost reduction, value creation of goods and services, providing consultation for overseas market access and maintenance, as well as close cooperation with the private sector to promote Thailand as a major gateway of Asia. http://www.ditp.go.th/

About the Thai Chamber of Commerce

The Thai Chamber of Commerce represents as the Thai private sector to facilitate business and trade as well as to serve as the central coordinating agency between the government and private sector, and also helps to promote trade, business and economic cooperation including, build relationships between Thai and partner countries at the bilateral and multilateral level as well as plays a proactive role in representing the interests of the local Thai business community. https://www.thaichamber.org/

About Koelnmesse – Global Competence in Food and FoodTec

Koelnmesse is an international leader in organising food fairs and events regarding food and beverage processing. Trade fairs such as the Anuga, ISM and Anuga FoodTec are established world leaders. Koelnmesse not only organises food and food technology trade fairs in Cologne, Germany, but also in further growth markets around the globe, for example, in Brazil, China, Colombia, India, Italy, Japan, Thailand, the United States and the United Arab Emirates, which have different focuses and contents. These global activities enable us to offer our customers a network of events, which in turn grant access to different markets and thus create a basis for sustainable and stable international business. Further Information is available at: https://www.koelnmesse.com/current-dates/all-trade-fairs/

Media Contacts:

International

Wani Diwarkar
Mobile: +65 98320643
E-mail:wani@pinpointpr.sg

Organiser

Faith Lim
Tel: +65 9230 6126
E-mail: faith.lim@koelnmesse.com.sg

Thailand

Jitjam Adsawakeawmongkol
Mobile: +66(0)81-924-9271
E-mail: jitjama@arip.co.th

Organiser

Jeerabhas Rerkpiyasap
Tel. +66 2507 8341
jeerabhasr@ditp.go.th
www.ditp.go.th



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

MDRT Global Services Announces 2023 Culture of Excellence Award Winners

HONG KONG, May 25, 2023 – (ACN Newswire) – MDRT Global Services has announced the 131 winners ( https://www.mdrtgs.org/coe-award-winners ) of the prestigious 2023 MDRT Culture of Excellence Awards, the global standard for achievement in financial services leadership. This year, seven agency leaders from Hong Kong won the awards, which have been an important resource available to Global Services members to measure individual and agency-wide performance and foster a comprehensive approach to leadership excellence.

Winners will be honored at special ceremonies during the 2023 MDRT Annual Meeting (June 25-28 in Nashville, Tennessee, USA) and the 2023 MDRT Global Conference (August 27-30 in Singapore). The Culture of Excellence Awards are the only awards bestowed by the MDRT Family of Brands.

Global Services members are field and home office leaders who continually work to broaden their leadership skills, establish an MDRT culture of excellence within their agencies, and advance professionally and personally. They are empowered and inspired year-round by educational content, peer-to-peer study groups, webcasts, attending MDRT meetings, and other Global Services tools and resources.

Within that fast-growing global community, the Culture of Excellence Awards are bestowed upon the "best of the best" – agency leaders who track and submit results in production, recruitment, retention, persistency, work/life balance ("Whole Person") and MDRT membership. The 5 Diamond Agency winners achieved at least five of the six criteria; 15 Platinum Agency winners achieved four of six criteria, and 111 Gold Agency winners achieved three of six criteria.

Special mention goes to the following companies with the highest number of 2023 Culture of Excellence Award winners: Pru Life Ins Corp of UK – 69 award winners, Prudential Assurance Company Singapore (PTE) Limited – 24 award winners, and Great Eastern Life – Singapore – 22 award winners. The full list of winners is found on the Global Services website at https://www.mdrtgs.org/coe-award-winners .

"The Culture of Excellence Awards are the most prestigious field leadership awards in the financial services profession," said Peggy Tsai, RFP, CCFP, 2023 MDRT President and an agency leader at Shin Kong Life Insurance Co. in Taipei, Taiwan. "MDRT Global Services creates a community of financial services leaders committed to excellence in the profession, and winning this award recognizes their ability to galvanize and coach their teams to become the best. It is noteworthy that there are seven winners from Hong Kong this year. Although Hong Kong is a small city, the quality of her financial service leaders is unquestionable and their performances deserve applause. I hope the leaders will continue to contribute to our industry and more of them from different places will make the winner list in the future."

About MDRT Global Services
As the newest association under the global MDRT Family of Brands, MDRT Global Services was created exclusively for financial services field and home office leaders. As a separate, individual membership association, MDRT Global Services provides its members with exceptional value and leadership growth opportunities. MDRT Global Services membership allows increased engagement within the MDRT community while providing leaders with strategies to develop a culture of excellence within their respective organizations. To learn more visit
https://www.mdrtgs.org/.


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

Indonesia’s “Inspire” Receives Recognition from UNAOC-BMW Group’s Intercultural Innovation Hub

BERLIN, Germany, May 25, 2023 – (ACN Newswire) – "Inspire", an organization based in Indonesia, is one of ten global grassroots initiatives recognized by the prestigious Intercultural Innovation Hub, a joint initiative of the United Nations Alliance of Civilizations (UNAOC) and the BMW Group, implemented with the support of Accenture, during a ceremony held in Berlin, Germany.

Selected for their project "Pledge United", the organization aims to curb gender-based violence at an early age by leveraging football to educate and challenge prevailing gender biases and attitudes among young boys. Through an 8-week programme that integrates football and gameplay with lessons on women's rights and gender issues, the initiative seeks to create safe spaces for women, eliminate gender inequalities, and build more cohesive societies.

"For too long, men's attitudes and behavior have remained unchallenged, and now, through Pledge United, young men are becoming agents of positive change as they use their platform to share a message of equality and peace. The support of the Intercultural Innovation Hub is a huge boost in fulfilling our vision of a more inclusive future," said Jonathan Hamilton, Founder and CEO of Inspire.

Every year, the Intercultural Innovation Hub supports grassroots initiatives that promote intercultural dialogue and understanding, thereby contributing to peace, cultural diversity, and more inclusive societies. This year, the Ceremony was chaired by Mr. Miguel Angel Moratinos, United Nations Under-Secretary-General and the High Representative for UNAOC, and Ms. Ilka Horstmeier, Member of the Board of Management of BMW AG People and Real Estate, Labour Relations Director.

Through the Intercultural Innovation Hub, "Inspire" will receive a financial grant, as well as one year of capacity-building and mentorship support from UNAOC, the BMW Group, and Accenture to help strengthen the "Pledge United" project and its contribution towards a more inclusive society. This model of collaboration between the United Nations and the private sector creates a more profound impact, as partners provide their respective expertise to ensure the sustainable growth of each supported project.

Learn more about the project: https://interculturalinnovation.org/inspire-pledge-united/

Media Inquiries:
Milena Pighi, Head of Corporate Social Responsibility, BMW Group, Milena.PA.Pighi@bmw.de
Alessandro Girola, Programming Coordinator, UNAOC, alessandrog@unops.org

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

Avance Clinical Joins Global Heath Summit Campaign for Faster Access to Life-Changing and Life-Saving Therapies

ADELAIDE, AUS & SAN DIEGO, May 25, 2023 – (ACN Newswire) – Avance Clinical the leading award-winning Australian and North American CRO that offers the programs ClinicReady and GlobalReady for early phase biotech companies to speed up the path to regulatory approval, has been invited to join the Global Health Summit campaign which will be featured on Reuters.


Avance Clinical CEO, Yvonne Lungershausen, Chief Scientific Officer Gabriel Kremmidiotis, and Head of Scientific and Regulatory Affairs Jorgen Mould are interviewed in a new Global Health video featured on Reuters news service about the importance of quality clinical trials as part of the drug development process.

The campaign is a collection of interviews and video documentaries, highlighting international business leaders and healthcare specialists from various industries. The series will showcase organisations spearheading specific health initiatives, developing ground-breaking medicine and complex health technologies, and taking on the challenges of both physical and mental health globally.

The Global Health program launches at the upcoming Global Health Summit on 25-27 May 2023 at the prestigious Intercontinental Hotel in Geneva, bringing together 100 leaders and executives from various sectors of the Private and Public Healthcare Industry.

The event will feature round table discussions where participants will discuss strategies, share knowledge and expertise, and identify opportunities for collaboration. This will be complemented by keynote speeches and panel discussions that will explore the latest trends and emerging issues in the healthcare industry.

Avance Clinical CEO, Yvonne Lungershausen and Executive VP North American Operations John Mann will be attending the Global Health Summit and Yvonne will be a leading panelist. Avance Clinical is at the cutting edge of clinical trial technology and has recently been ranked as the world leader in DCT technology adoption by GlobalData and Clinical Trial Arena in the CRO sector.

The report found 46% of Avance Clinical's trials incorporated some elements of DCT technologies in 2022 including telemedicine, remote monitoring, and digital data collection. The DCT report also noted that Avance Clinical's staff training in the latest technologies was a key factor in the ranking. See the full report here. https://www.clinicaltrialsarena.com/features/year-in-review-dct-2022/

Avance Clinical's unique clinical offering GlobalReady enables biotechs that have completed early to mid-phases in Australia to rapidly and seamlessly transition to the US in preparation for FDA approvals, all with the one CRO and dedicated teams across both regions, which reduces time and cost and delivers quality data.

There are currently more than 280 Phase III global trials that have conducted their Phase I study in Australia, which demonstrates Australian data acceptability with the FDA and other major regulatory authorities.

More than 40 biotech clients are now taking advantage of Avance Clinical's GlobalReady program.

This seamless GlobalReady journey is designed so biotechs can:
– Take advantage of the Australian early-phase clinical trial landscape (No IND and 43.5% tax rebate)
– Transition or expand into North America for later phases – without changing CROs (retain study knowledge and processes/team)
– Seamlessly operationalize global dose-escalation and dose-expansion trials across the two regions
– Harness significant speed and cost advantages
– Be assured of quality data – transferable and readily acceptable by the FDA and other regulatory authorities

Find out more:
– Learn about the Australian Advantage here https://www.avancecro.com/the-australian-advantage/
– Learn about the ClinicReady model here https://www.avancecro.com/about-clinicready/
– Learn about the GlobalReady model here https://www.avancecro.com/avance-clinical-north-america-operations/
or more information about the benefits of running your next study with Avance Clinical
contact us: enquiries@avancecro.com

About Avance Clinical

Avance Clinical is the largest premium full-service Australian and US CRO delivering quality clinical trials, with globally accepted data, in Australia, New Zealand and the US for international biotechs. The company's clients are biotechs in their early phases of drug development that need fast, agile, and adaptive solution-oriented clinical research services.

Frost & Sullivan Awards
Avance Clinical, a Frost & Sullivan Asia-Pacific CRO Market Leadership Award recipient for the past three years, has been providing CRO services in the region for more than 24 years.

Pre-clinical through to Phase 1 and 2
Avance Clinical offers pre-clinical services with their experienced ClinicReady team right through to Phase 1 and 2 clinical services leveraging significant Government incentive rebates of up to 43.5% and rapid start-up regulatory processes. With experience across more than 110 indications, the CRO can deliver world-class results and high-quality internationally accepted data for FDA and EMA review.

Technology
Avance Clinical uses state-of-the-art technology and gold-standard systems across all functional areas to provide clients with the most effective processes. Medidata, Oracle, IBM Watson and Medrio are just some of the technology partners.
www.avancecro.com

Media Contact:
Avance Clinical
Kate Thompson
media@avancecro.com

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