The Place Holdings’ Land Site at Mount Yuntai Tourism Township Revalued at RMB 481 Million, a Substantial Increment in Value of 329%

Singapore, May 6, 2021 – (ACN Newswire) – The Place Holdings Limited ("The Place Holdings", the "Company" and together with its subsidiaries, the "Group"), an SGX mainboard-listed company with a primary focus on integrating traditional businesses and new growth opportunities in the digital economy, is pleased to announce that the land site, held by its subsidiary Tianjie Yuntai Wanrun (Xiuwu) Property Development Co., Ltd. ("Tianjie Yuntai Wanrun"), has been assessed and revalued at RMB 481 million by one of China's leading valuation companies, WorldUnion Property Assessment Co., Ltd.



Main Entrance


Villas


Majestic Mountainous Backdrop


Ancillary Facilities


Ancillary Facilities



Compared to the valuation of the land site of RMB 112 million as at 30 September 2020, the revaluation of RMB 481 million after the change in zoning represents a substantial increment in value of RMB 369 million, which is an increase of 329% from RMB 112 million.

The size of the land site is approximately 270,500.64 square metres. It is strategically located within Mount Yuntai Tourist Township, where hospitality properties, wellness resorts, integrated retail and commercial developments and theme parks are been planned and some are currently under development.

The revaluation of RMB 481 million of the land site is primarily based on the change in zoning from commercial to residential and it also take into consideration the increase in land-use rights assigned to the land from its existing 40 years to 70 years, larger buyer group and as well as the current developments and completed infrastructure surrounding the area.

Mount Yuntai Tourist Township is located at the entrance of Mount Yuntai, which is approximately 70km from Zhengzhou City, the provincial capital of Henan Province in the PRC.

Highly accessible and connected via various transportation networks, Mount Yuntai Tourist Township is just a 20 minutes ride from Jiaozuo high-speed rail station and a 45 minutes drive from Zhengzhou International Airport.

Mount Yuntai is a tourist site with the highest "AAAAA" rating under the Tourism Attraction Rating Categories of China. Mount Yuntai is also listed as one of the National Parks of China and as a geological park in the Global Geoparks by the United Nations Educational, Scientific and Cultural Organization. In 2019, approximately 6 million visitors visited Mount Yuntai.(1)

Tourism has become an essential contributor to China's domestic economy and it is a cornerstone of the government's long-term goal to create a consumption-driven economy. The emergence of an affluent middle class and an easing of movement restrictions for locals and foreign visitors are both supporting this domestic travel boom.

According to China's Ministry of Culture and Tourism, travelers made 102 million domestic trips during the annual holiday (over an extended three-day weekend) in April 2021. The figure was 94.5% of the number of trips made during the holiday in 2019, the year before COVID-19 hit.(2)

Under the leadership of Executive Chairman, Mr Ji Zenghe and Chief Executive Officer, Mr Fan Xianyong and combined with their deep property development experience and long-standing business track record, The Place Holdings has established a business model that integrates omni-channel strategies and innovative business concepts (such as "new-retail" solutions, last mile logistics, immersive virtual reality technology, enterprise intelligent connectivity) within its 3 core business pillars that include property, cultural tourism and integrated media-related businesses to create new value propositions.

Mr Ji Zenghe, Executive Chairman of The Place Holdings, said, "While China's giant middle-class continue to grow rapidly, the hectic lifestyles of Chinese consumers have spurred significant opportunities in the tourism and wellness industries.

In addition, the COVID-19 pandemic has created pent-up demand for travel and cultural immersion activities in China.

With Mount Yuntai's strategic location that is within an hour's drive from a catchment zone of nearly 40 million people, the substantial increment in value of our land site from the revaluation highlights the underlying value and strong prospects of Mount Yuntai Tourist Township.

Integrating new digital solutions with traditional property development approach, there is strong potential for us to create new value propositions with our land site that caters to the demand for quality accommodations at Mount Yuntai."

(1) http://travel.ce.cn/gdtj/202011/03/t20201103_7290941.shtml
(2) s.nikkei.com/2QYfAk7

This document is to be read in conjunction with The Place Holdings' exchange filings on 5 May 2021, which can be downloaded via www.sgx.com.

About The Place Holdings Limited (SGX Code: E27)

Listed on the Mainboard of the Singapore Exchange, The Place Holdings Limited ("The Place Holdings", the "Company" and together with its subsidiaries, the "Group"), focuses on integrating traditional businesses with omni-channel strategies and digital solutions (such as "new-retail" solutions, last mile logistics, immersive virtual reality technology, enterprise intelligent connectivity) to harness new growth opportunities in the digital economy.

The Group has established a strong business platform to create new value propositions within its 3 core business pillars:

1. Property development and property management activities
2. Cultural tourism and related "new retail" businesses
3. Integrated media-related businesses with management & operation rights

The Group is backed by the key management team of The Place Investment Group, a multi-billion PRC conglomerate that has a strong track record for its extensive business portfolio in tourism, media, property management, biomedical technology investments and international trade.

Embolden with a new business approach and forward-looking corporate culture, The Place Holdings is expanding its business presence with high growth businesses in Singapore and China through organic and inorganic initiatives.

For additional information, please visit www.theplaceholdings.com

Issued on behalf of The Place Holdings Limited by 8PR Asia Pte Ltd.

For further information, please contact the following:

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

Mr. Zhang Wei
IR Director
The Place Holdings Limited
Tel: (65) 6781 8156
Fax: (65) 6781 8159
Email: zhangwei@theplaceholdings.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Futu SG’s New Referral Programme “Share leh!” Rewards Users for Sharing

Singapore, May 4, 2021 – (ACN Newswire) – Futu Singapore Pte. Ltd. (“Futu SG”), a wholly-owned subsidiary of Futu Holdings Limited (Nasdaq:FUTU) announced the launch of its new “Share leh!” campaign on its latest one-stop investment platform, moomoo, which aims to further boost the idea of inclusivity and connectivity within the investing community. The campaign, which runs from 1 May to 31 May 2021, will provide benefits to both new and seasoned users.

In line with the company’s mission to “make investing easier and not alone”, Futu SG has come up with an enhanced referral programme where new users and their friends are able to earn up to 20 Twitter (TWTR) shares*, which have a net worth doubling more than what was offered during the last campaign (one was previously able to earn up to S$600 cash coupon). In addition, users who had opened an account prior to the campaign can still enjoy benefits from the new referral programme as their list of referrers gets reset back to zero.

Under the “Share leh!” campaign, new users will now receive 1 free Apple (AAPL) share, along with 180 days commission-free trading for US, HK & SG markets, free level 2 market data for US stocks and free level 1 real-time market data for SGX securities per new account opening with a minimum deposit of either S$2,700, US$2,000 or HK$16,000 before 1500 hrs on 31 May 2021*.

The key motivation behind Futu SG’s new campaign is the results from its previous survey on investing trends amongst Gen Z and Millennials, which found that many young investors have developed a greater interest in investing and have begun taking greater ownership of their finances. As “FOMO” (Fear of Missing Out) is highly undesired among these demographics, Futu SG hopes that its campaign would bring about an engaging social community that promotes a sense of inclusivity and culture to all users.

As highlighted by the campaign name, Futu SG hopes to show users how they will be rewarded by sharing offers, insights, profits graphs, and investment ideas to their peers. In addition, moomoo app provides an open forum known as the moo community which allows its users and clients to share investment ideas, ask questions and exchange insights through posts and live-streams. Features that are available in the community include digital content, tasks & missions and analytical guides for both new and seasoned investors. The moo community was created to boost the idea of making investing “not alone”, and seeks to help investors enrich their investing knowledge and establish rapport with other investors. Futu SG hopes that these initiatives will highlight how investment is never a lonely journey for users and that they will always have the backing of moo community.

Since its launch in Singapore this March, moomoo powered by Futu has received much success to date, having seen robust growth momentum and encouraging user feedback. The platform currently has more than 13 million users worldwide and possesses one of the fastest growing investor communities in the region which enables users to stay up-to-date of the latest investment trends.

Another testament to Futu Holdings Limited’s success is its achievement of the Fintech Award under the Trading Services category in the Singapore Business Review Awards 2021 for the launch and creation of moomoo.

Recognising the importance in having both user-friendly designs and advanced product features, Futu Holdings Limited designed moomoo with a slick interface which provides wide product offerings of market accessibility, data options, low commissions and user fees to reduce friction in accessing global investable products. moomoo app also includes AI-driven data screeners and easy-to-analyse trading charts, facilitating the convenience of trading across multiple markets with its multi-currency facility.

“We are very thankful to have received the SBR Awards and are confident that this is a positive sign of the success from our digitalisation efforts. Since establishing in 2012, we have always been on a mission to improve the investing experience of users through product upgrading and have dedicated over 70% of our employees to research and development. We also recognised that investing should not be a difficult and lonesome process and have therefore placed great emphasis on social elements. We believe that our latest campaign of rewarding users for sharing will show our commitment in being there for them along every step of the way,” says Leaf Li, Founder & CEO of Futu.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L. This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted. Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited. Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised trading and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

For all media queries, please contact:
Ashley Tan
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Moomoo Inc. clinches Title Sponsorship for Yahoo Finance?s Exclusive Livestream of the 2021 Berkshire Hathaway Shareholders Meeting

Singapore, Apr 29, 2021 – (ACN Newswire) – Moomoo Inc, an all-in-one digitalised stock trading and wealth management platform and a wholly owned subsidiary of Futu Holdings Ltd (Nasdaq: FUTU), announced today that it has been selected as the title sponsor of the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance is the exclusive live stream host for the event which will be held on Saturday, 1 May 2021 beginning at 12:30 pm ET.

Berkshire Hathaway’s Annual Shareholders Meeting, known as the “Woodstock for Capitalists”, is one of the most well attended shareholder meetings in the world. In the new normal, the event will be broadcast remotely. Yahoo Finance will connect moomoo’s 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett.

Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice Chairman Charlie Munger, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain share their insights on economic recovery, today’s markets, the company, and more.

Mr. Leaf Hua Li, Founder & CEO of FUTU, said: “We are honoured to be selected as the Title Sponsor for Yahoo Finance’s live stream of Berkshire Hathaway’s Shareholder Meeting. The walls of access are tumbling down in this digital world and it is our privilege to provide our users with this opportunity.

There is always so much to learn from Berkshire Hathaway and Warren Buffett, one of the greatest investors of our times. We look forward to seeing a lively discussion on our moo community platform, with industry experts commenting and interpreting these nuggets of wisdom for our users.”

Created with the intention of fulfilling its mission in making investing “not alone”, the moo community serves as a platform for users to post investment ideas and trading history as well as interact directly with over 700 companies, fund managers, media and key opinion leaders through posts and live-streaming. On a daily basis, it has more than 1 million active users, over 310,000 user-generated content and over 3,000 posts. FUTU will be streaming the show live on its moomoo app, which is available in the Apple App Store or Google Play Store.

As an incentive to download the app for first time users, Futu Singapore is offering the following with a SGD 2,700 deposit for every account opening*:

– 1 Free Apple (AAPL) Share
– Cash coupon of SGD 30
– 90 days unlimited commission-free trading for US, HK & SG markets
– Free level 2 market data for US Stocks

The schedule of the live coverage is below, with special guests and interviews for the pre and post shows to be announced at a later date.

Yahoo Finance Livestream Programming Schedule:

· 12:30pm ET Yahoo Finance pre-show

· 1:30pm ET Shareholder Q&A with Warren Buffett, Charlie Munger, Ajit Jain, and Greg Abel

· 5:00pm ET Berkshire Hathaway business meeting

· 5:30pm ET Yahoo Finance post-show

· 6:00pm ET Livestream ends

The programme will also be broadcasted live on Yahoo Finance.

*Terms and conditions apply. The full terms and conditions and disclaimer can be found at https://j.moomoo.com/003U7L . This advertisement has not been reviewed by the Monetary Authority of Singapore. In Singapore, capital market products and services in moomoo are offered by Futu Singapore Pte. Ltd.

About Futu Holdings Limited

Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. Pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The organisation’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options, futures and exchange-traded funds, or ETFs, across different markets. Futu enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. Futu has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

About Futu Singapore Pte. Ltd

Futu Singapore Pte. Ltd. is a wholly-owned subsidiary of Futu Holdings Limited. Futu Singapore Pte. Ltd. (www.futusg.com) is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).

About moomoo

moomoo Inc. is a wholly-owned subsidiary of Futu Holdings Ltd, which is an advanced technology company transforming the investing experience by offering a fully digitised brokerage and wealth management platform. moomoo’s mission is to provide any level of investors with an intuitive and powerful investing platform by using technology. We keep improving customer’s experience and driving industrial innovation backed by independent technological research and development (R&D) capabilities on the whole trading process and our creative internet operating model. Capital markets products and services on moomoo are offered by Futu Singapore Pte. Ltd. to persons in Singapore, or to persons in jurisdiction where such offers are permitted.

For all media queries, please contact:

Ashley Tan / Jass Lim
FPR
T: 6438-2990
E: FUTU-SG@financialpr.com.sg



Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Diplomatic Posturing and the Power Game in Southeast Asia

Srinagar, Jammu and Kashmir, INDIA, Apr 26, 2021 – (ACN Newswire) – Dr Stephen R Nagy, in a recent interview by Mr Nadir Ali, Director of the Centre for Peace and Justice (JKCPJ), responded to the rising tensions in Southeast Asia and spoke of mitigating the cascading issue of asymmetry of power and economy in the region. In his opinion, the world is once again experiencing a great power competition, a competition that could cascade into conflict and catastrophe. Terrestrial land disputes have expanded to the maritime domain, with China having disputes with states in Southeast Asia, India, and Japan. Chinese efforts to dominate Southeast Asian Politics and redistribute power is placing the region into the position of trying to balance regional security interests and national security interests. China is effectively using its asymmetric economic relations with its neighbours to achieve its strategic security objectives which focus on territorial control and political deference by neighbours.

In response to the question of China's domestic legislation and its invention of historic claims and their role in China's foreign policy, Dr Nagy answered that with China's re-emergence as the dominant economy in the region, China has widened its claims on features in the South China Sea and islands in the East China Sea, many through domestic legislation and the invention of historic claims as tools to achieve foreign policy objectives. The effectiveness of domestic legislation by China in terms of securing its claims in the South China Sea and East China Sea is however debatable. Many such claims are not recognized by international bodies and courts such as the Permanent Court of Arbitration. One such claim in the South China Sea was ruled not legal by the Permanent Court of Arbitration in July 2016, in a case drawn upon by the Philippines.

China is using domestic legislation to expand its exclusive economic zones by creating municipalities at the edge of the South China Sea which gives a legal foundation to the exclusive economic zones. The impact of China's legislation is however small. A parallel can be drawn comparing control through domestic legislation between the Chinese claims in the South China Sea and the Japanese controlled Senkaku Islands. Japan has controlled the Senkaku Islands for over a century and there is continuity in that control via coast guard and environmental management, mostly and mainly through domestic legislation and international partnership; no such continuity of control with regard to the Chinese claim exists on the ground in the South China Sea.

The invention of historic claims by China as a tool for foreign policy is even more debatable and problematic. To analyze this, one must turn back the pages of history and search for signs of claims of sovereignty by China over the island territories in the South China Sea; no such claim can be found. Bill Hayton in his book "Invention of China", writes in detail how during the Ching (Qing) Dynasty, China showed no interest in the island formations in the South China Sea, whether the islands neighbouring Indonesia, Vietnam or the Philippines. China in the past has never set any claim of any of the island territories and thus the invention of historic claim is not only debatable but problematic as well. The UNCLOS treaty signed by 117 states which sets the 200-mile limit for Exclusive Economic Zones gives these countries a claim over the island formations in the South China Sea. UNCLOS however is not ratified by the US, which gives it a loose footing to enforce any such claims on China. This is despite the US conducting operations within the scope of the law.

Dr Nagy briefly touched on the role of ASEAN (Association of Southeast Asian Nations) and individual cooperation in establishing regional stability, and in his viewpoint, ASEAN could play a significant role in resolving territorial issues in Southeast Asia, but it is a loose association of nations and doesn't have the legal capacity to challenge and enforce its decisions on China. Hitherto, it has till now not played any decisive role. At the 2014 ASEAN Summit, a consensus was developed for a joint statement with regard to territorial disputes, however, Cambodia succumbed to influence from China, making a joint statement impossible. This fracturing of ASEAN unity and division of opinion is mainly achieved through aid and pledges to promote development; an example of how China uses its economic influence to shape the behaviour of neighbouring states.

With most of the ASEAN states not claimants in the SCS disputes, China has a free hand in manipulating the decision-making capability of ASEAN. The ASEAN members hold mixed views about China; some members perceive China as an economic opportunity and think that China is critical for the development of ASEAN member states, while others see China as a state having dominating and hegemonic interests in the region, thus the relationship of China and ASEAN will always be important but challenging. The main problem is the power asymmetry between China and the Southeast Asian nations. These nations seek strategic autonomy to resolve the South China Sea issues peacefully and effectively. The pattern we are seeing, at an individual level, is to bring an extra-regional power to the region to enhance the human capital and other capabilities so that they can push back unilaterally against some of the more assertive behaviour of China. This becomes more important for ensuring that the economic, political and national security interests of smaller nations are met and secured.

Dr Nagy then addressed the need to establish and maintain partnerships and the formation of Quad-like groups in restoring stability and balance in Southeast Asia and particularly the South China Sea, as Japan has been the most active in establishing strategic partnerships, by providing coast guard vessels, maritime domain awareness, and human capital to support individual members and enhance ASEAN's integration. Japan's role is even more important when it comes to the Chinese maritime militia (fishermen boat strategy), whereby the militia tries to instigate escalations that allow China to build an image seen as being defensive. The militia is used to build pressure on the states and in the case of the Philippines, China has already occupied some features in the South China Sea using these militia forces. The militia moves in and out of sovereign national waters, where every movement is planned in building a Lawfare strategy, as in the case of the Senkaku islands.

The US needs to designate a dedicated naval fleet for the South China Sea, so it has a constant presence 365 days a year. This would limit the influence of China in the region, restore the symmetry of trade relations to some extent and stop the undue exploitation of smaller states by the People's Republic of China. Naval cooperation and joint exercises in the South China Sea challenge China in particular when French and Canadian navies are involved. Quad and Quad-plus like cooperation is the way forward, however, this could lead to catastrophe if maritime management systems and communications channels are not established. China has to adjust to the presence of an extra-regional power in the South China Sea, and the US and allies have to work to keep China's assertive behaviour at bay while avoiding accidental conflict.

– Dr Stephen R Nagy is a Senior Associate Professor at the Department of Politics and International Studies, International Christian University, Tokyo. He is a Distinguished Fellow at the Asia Pacific Foundation (APF) in Canada, a Fellow at the Canadian Global Affairs Institute, and a Visiting Fellow at the Japan Institute for International Affairs (JIIA). He is currently working on 'Chinese Perceptions of Japan's Foreign Policy under PM Abe since 2012', and 'Middle Power Cooperation in the Indo-Pacific'. Follow Stephen on Twitter @nagystephen1.

– Nadir Ali Wani is currently Director of the Center for Peace and Justice, a research-based group in Srinagar, the capital of Jammu and Kashmir, India. He holds a Masters�s degree in Conflict Studies and International Relations from Jawahar Lal Nehru University, New Delhi, and has an abiding interest in the study of conflicts in South Asia with a particular interest in international politics to do with China, Islam and Kashmir.

– Jammu and Kashmir Centre for Peace and Justice (JKCPJ) is a youth-oriented, independent, multidisciplinary research organization. The Centre came into being in 2018, against the backdrop of global challenges upholding peace and social justice. The driving concern of the JKCPJ is bringing people together to accomplish things in an environment of trust, to strive for sustainable peace. Our mechanism transmits knowledge, hope, hard work, and successfully contributing to the development of humankind. Please visit https://jkcpj.org.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Commodities Intelligence Centre (CIC) Sees 26% Jump in Registered Customers in 2020

SINGAPORE, Apr 16, 2021 – (ACN Newswire) – Singapore-based Commodities Intelligence Centre (CIC) – a Joint Venture between the ZALL Smart Commerce Group (ZALL), Singapore Exchange (SGX) and Global eTrade Services (GeTS) – has announced strong growth in FY2020, driven by the urgency for supply chains to digitalise during the pandemic. In 2020, the number of customers on the platform grew by 26 per cent as compared to 2019 to reach 5800 registered users. Among the commodities traded on the platform include ferrous and non-ferrous metals, agricultural products, plastics and chemicals, and oil products. The total cumulative gross merchandise volume (GMV) on the CIC platform grew by over US$3.1 billion (S$4.1 billion) to reach US$13.4 billion (S$17.6 billion), an increase of more than 30 per cent from 2019.

Peter Yu, Chief Executive Officer of CIC shared, "By making our platform and technologies affordable and easy to use, SMEs are able to easily onboard the platform and make use of these digital tools to grow their businesses. With global disruptions such as COVID-19 and the recent Suez Canal incident, we want to help SMEs build more sustainable and resilient businesses that can endure these challenging times as they grow and expand in Asia and to achieve greater trading synergies globally."

According to the UOB SME Outlook Survey 2021, 34 percent of SMEs find digital adoption costly to implement, and yet companies who have digitally transformed one or more departments, or their entire business, have seen a significantly higher revenue growth. One of the Singapore SMEs who have benefited from CIC's platform is Go Holdings, a cullet supplier in Southeast Asia. Tapping on CIC's business intelligence service DataPro, it has been able to access a wide database of over 2 billion records of customs and trade data from more than 110 countries across Asia, Europe and the Americas. This has allowed them to uncover new markets and diversify their trading operations, and connect with reliable partners and suppliers that align with their business goals. Alongside this, CIC also recently introduced a convenient Know-Your-Customer (KYC) service that helps SMEs with their due diligence to better manage their business risks.

Huang Zhi Rong, Business Development Executive of Go Holdings, shared, "As a general trading company from a traditionally offline industry, the thought of digitalization can be daunting and challenging as this is often costly and resource intensive, and it takes up time and effort. However, digital platforms such as CIC, has allowed us to gain a competitive edge in the market, especially during the Covid-19 pandemic, by providing us with valuable market insights to guide our decision making and has enabled us to tap on the right information sources to strategize our business plans that has brought about profound changes to our import and export trade businesses." Go Holdings is currently a subscriber of CIC's DataPro services.

Over the past year, CIC has embarked on numerous initiatives to support SMEs in their digital transformation journey. In May 2020, CIC worked with Singapore Business Federation (SBF) to support SMEs under the "Rising in Support of Enterprises (RISE)" programme during the height of the pandemic. In December 2020, it has also jointly launched a "Digital Silk Road" initiative led by ZALL, and joined Singapore's Blockchain for Trade & Connectivity (BTC) Network, which aims to help SMEs embrace the power of digitalisation to uncover new trading opportunities and to promote greater efficiency and transparency across global supply chains.

With sustainability becoming increasingly important for companies, CIC is also focusing more efforts to support commodity trading that contributes towards climate change and environmental sustainability, such as clean and renewable energy, as it aims to groom more than ten Global Commodity Champions over the next three to five years on the back of the world's largest trade pact, the Regional Comprehensive Economic Partnership (RCEP) and China's dual circulation strategy.

"At Go Holdings, we have also focused on environmental sustainability. Although it has not been an easy journey for us, we have taken steps to become a sustainable company, from our selection of partners and vendors that share our common values, to our internal processes that promotes the use of sustainable materials and a culture of Reuse, Reduce and Recycle among our employees", added Huang Zhirong of Go Holdings.


About Commodities Intelligence Centre (CIC)

The Commodities Intelligence Centre (CIC) is a global trading platform for physical commodities including Ferrous & Non-Ferrous Metals, Chemicals & Plastics, Oil & Petroleum, and Agri Commodities. Officially launched in Singapore on 12 Oct 2018, CIC is a Joint Venture between China-based ZALL Smart Commerce Group, Global eTrade Services (GeTS) and Singapore Exchange (SGX) to build trade connectivity through digital marketplaces and to grow a vibrant trading ecosystem in Singapore.

CIC aims to revolutionize commodity trading and facilitate cross-border trade through deal matching, trade finance, supply chain logistics, track and trace and global trade compliance. Since its establishment in October 2018, CIC has achieved a GMV (Gross Merchandise Volume) of more than US$13.4 billion (S$17.6 billion), with over 5,800 registered users covering markets including Singapore, Malaysia, Indonesia, India, China, among other countries in Asia. For more information, please visit www.cic-tp.com.

For media queries
Email: CIC@preciouscomms.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Indonesia’s State-owned Companies Go Global, Display Innovation at Hannover Messe Exhibition

JAKARTA, Apr 15, 2021 – (ACN Newswire) – As many as 13 Indonesian state-owned enterprises (SOEs) display their latest innovations at the largest industrial technology exhibition, the Hannover Messe 2021, as Indonesia plans to join the top 10 global economies by 2030.



Minister of State-owned Enterprise of Republic of Indonesia Erick Thohir



"This goal can be achieved by accelerating the fourth industrial revolution, and pursuing not only technological transformation, but the digital transformation of industry, especially during this pandemic," Indonesian President Joko Widodo said.

Indonesia was the first Southeast Asian country to become an official partner of the exhibition, which is being held this week, 12 – 16 April, in a digital edition. Participation at Hannover Messe (HM21) is part of the national policy "Making Indonesia 4.0".

"We expect our state-owned enterprises to 'go global' as we stated in our ministry's road map. Not only through acquisition, but by leading the global competition," said Erick Thohir, Minister of State-owned Enterprises (BUMN).

Some state-owned enterprises have adopted and developed recent technologies to compete with, and even lead the competition in digital technology, specifically in the energy industry, and in the automotive, electronics, chemical and pharmaceutical sectors, and the health equipment industry. All have their innovation on display at MH21.

Indonesia's premier energy holding company PT Pertamina engages 4.0 industry transformation by transitioning energy consumption from fossil fuels to renewable energies. For energizing its sustainable future, Pertamina is converting its refineries to produce green diesel, green jet fuels and green gasoline, optimizing geothermal capacity, and utilizing green hydrogen. It also works with other state-owned companies to develop Indonesian EV batteries and energy storage systems.

The state-owned enterprise in the electricity sector, PT Perusahaan Listrik Negara promotes digital-based products that can acclerate business processes, such as the iCORE Digital Power Plant for electricity generation, Digitally Enabled Distribution Excellence for electricity distribution, PLN Mobile application for customer service and the Charge in application for charging electric vehicles.

A testing, inspection and certification company, PT Surveyor Indonesia is showcasing its drone-powered enhanced solution services for predictive maintenance and remote surveys. Meanwhile, Indonesia's state mint Peruri developed a research institute for authenticity and collaborated with SICPA SA (a Switzerland company) and Giesecke+Devrient (a German company). At the Hannover Messe, Peruri introduces its innovations in digital business solutions with its products Peruri Sign, Peruri Code and Peruri Trust.

PT Pupuk Indonesia, the holding company for state-owned fertilizer producers, has implemented a "Smart Production" system that uses big data and integrates several data including operational data and distributed control systems. The system is expected to increase efficiency of operations and monitors production processes in real-time. The company also implements a 'Smart Distribution' system that integrates data in the warehouse all the way through the ports. Another smart product is the PreciPalm or Precision Agricuture Platform for Palm Oil that provides digital maps on soil condition in oil palm plantation that can give recommendations for fertilization.

Indonesian pharmaceutical holding company PT Bio Farma displays "bio tracking", "bio detect" and an integrated packaging line for vaccine distributions. A thermal sensor and a GPS are installed in vaccine transporting vehicles to monitor temperatures inside the vehicles and their real-time position. Bio Farma hopes to expand to Eastern Europe following HM21. PT Indofarma promotes several premium products and seeks to attract foreign investment in pharmaceutical and herbal products. PT Kimia Farma, another state-owned pharmaceutical company also joins the exhibition, alongside its subsidiary PT Kimia Farma Sungwun Phramacopia.

The largest port operator in Indonesia, PT Pelabuhan Indonesia II is showcasing several of its latest innovations, including i-Hub, an application for one-stop port service and e-government solutions National Single Window and Online Single Submission.

In line with transforming into a digital telecommunications company, PT Telekomunikasi Indonesia brought several digital solutions, including digital connectivity, digital platform and digital service, all being displayed at HM21.

PT INKA, the first integrated train manufacturer in Southeast Asia, presents 'E-Inobus', an electric bus that was produced in a configurable virtual workstation concept. The nation's shipbuilder PT PAL Indonesia introduces a dual fuel (diesel and LNG) barge-mounted plant, a floating power plant that can be operated in shallow waters and remote regions.

Another state-owned company attending Hannover Messe is PT Barata Indonesia, which produces various machinery and components for power plants and trains. The company expects to expand its market and joins the global supply chain for industrial components.

"Leadership and technology transformation will create a momentum that will not only pull us out of this pandemic but will push us to leap further ahead," Thohir said. Indonesia's participation in Hannover Messe 2021 does push state-owned companies in going global, and it opens opportunities in forging business partnerships and investment cooperation with international companies towards building the future of industry 4.0.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Water Crisis Highlights Need for New Solutions & Technologies to Drive Conservation in Asian Agriculture

SINGAPORE, Mar 22, 2021 – (ACN Newswire) – As World Water Day is recognized in Asia and around the globe today, CropLife Asia is marking the occasion by calling for more intensive efforts and collaborative work to drive water conservation in regional agriculture.

"There is no natural resource as precious as water, and how we work together to ensure it's conservation will play a large part in determining the future for all of us," said Dr. Siang Hee Tan, Executive Director of CropLife Asia. "Food production requires far too much of this precious resource. Thankfully, plant science innovations are reducing the amount of water needed to drive agriculture. Access to these technologies and other tools that support sustainable food production with less dependence on water are critical for Asia's farmers."

With the recent release of new water security data as part of UNICEF's Water Security for All initiative, the critical importance of the availability of this resource is more evident than ever. Specifically, the analysis revealed that more than 1.42 billion people worldwide live in areas of high or extremely high water vulnerability – this includes 450 million children.

The results also included troubling findings for the Asia region. In particular, South Asia is home to more than 155 million children living in areas of high or extremely high water vulnerability. This represents the largest number for this category globally.

Water remains a critical component of food production. It's estimated that agriculture accounts for 70% of water use globally. Additionally, it requires 3,000 liters of water to produce the daily food requirements for just one person.

The innovative technologies of plant science are helping address agriculture's dependence on water. Advancements in crop protection and plant biotechnology are better enabling farmers around the world to engage in water use efficiency. Specifically, by reducing weeds' use of moisture, herbicides are helping farmers produce higher yields with the same amount of water. Meanwhile, new plant biotech traits are being added to crops such as corn, rice and cotton that help crops use less water and even improve productivity during periods of drought.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:
Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
duke.hipp@croplifeasia.org

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Inaugural Forum on Pesticide Application Drone use in Asia brings together Regional Policymakers and Global Experts

SINGAPORE, Mar 11, 2021 – (ACN Newswire) – A first-of-its-kind virtual conference on drone use for pesticide application in Asia concluded this week after three days of dialogue and discussion among stakeholders from across the food supply chain. The event focused on perspectives ranging from those of regional governments, manufacturers as well as commercial adopters, and experts in the field forecasting future innovations.

"Our industry takes seriously its commitment to ensure responsible use of plant science technologies and sustainable agricultural practices. Drones are a new tool that can support and strengthen that effort – and have the potential to play a transformative role in Asian agriculture," said Mr. Gustavo Palerosi-Carnerio, CropLife Asia President.

"As with any innovation, the most critical components are the best practices that reflect responsible use and the policies that underpin them. Through this week's conference, we've heard vital insights from agricultural drone use experts in these areas and what the future may hold. We look forward to continuing these constructive conversations, and working with regulators and other key stakeholders across the food supply chain to help deliver drone use for pesticide application in Asia that is conducted responsibly."

Drones or unmanned aerial vehicles (UAVs) are increasingly being used by large and small-scale farmers globally. This includes use for mapping, crop surveillance and scouting, pesticide application, and monitoring both irrigation as well as grazing livestock. According to a recent Industry ARC report, "Agricultural Drones Market – Forecast (2021-2026)", the market for agricultural drones is projected to reach more than $5.8 billion by 2026.

In Asia, the use of drones for pesticide application is rapidly growing in popularity due to the advantages it provides, namely: efficiency with use of inputs; enhanced spray precision; reduced water consumption; and less dependence on labor, resulting in lower associated costs.

"As food and agricultural stakeholders, we all have a duty to ensure our region's farmers are enabled and empowered to grow the nutritious crops on which we depend – and help deliver a food supply for Asia that is safe, secure and sustainable," commented Dr. Siang Hee Tan, CropLife Asia Executive Director.

"When used responsibly, drone technology can be a game-changer for Asia's smallholder farmers. However, it's critical that the growth in agricultural drone use in our region is matched by an expansion of sound and science-based regulations to support their responsible use. By bringing together a broad array of government and private sector stakeholders, this week's forum was a substantial step forward on that front."

Asia is home to the smallest-sized farms and the largest number of smallholder farmers in the world. It's estimated that 85% of the world's 525 million smallholder farmers live and work within our continent. These growers face unique challenges in comparison with larger commercial farmers – landholder rights, access to finance, labor shortages, and availability of technology among them. With COVID-19 having an exacerbating effect on many of these and other obstacles Asia's smallholders face, drone use with pesticide application has the potential to benefit these growers by helping drive production and sustainability at the same time.

CropLife Asia's Drone for Pesticide Application Online Forum was conducted 8-10 March and brought together virtually technology experts and sector stakeholders from across Asia and around the globe. The three-day conference was structured to convey and grow: common understanding of drone benefits to sustainability as well as farmers' safety and productivity; strong cross-sector partnership between government and industry; and an open exchange of knowledge and best practices to manage risks and concerns.

A total of seven sessions were conducted during the forum to guide the discussion on a range of topics. From the "government" perspective, this included sessions on: Digital transformation and its impact on government agricultural policies; Regulatory frameworks for pesticide application by drone around Asia Pacific; and Safety Standard Operating Procedure (SOP) for pesticide application by drone. Sessions focusing on the "field" perspective included: R&D – Technology enablers for pesticide application by drone; and Commercial adoption of drone for pesticide application in APAC. Lastly, capturing the "future" perspective were sessions on: Emerging technological advancements in drone for pesticide application; and Roundtable – Future collaborations to drive best practices in the region.

For additional details regarding the Forum, including a full roster of moderators and panelists who participated, please consult the Events section of the CropLife Asia website, www.croplifeasia.org.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:
Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
duke.hipp@croplifeasia.org

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CropLife Asia 2021 Annual General Meeting convenes virtually with Regional Food Supply Chain & Farmer Resiliency Center Stage

SINGAPORE, Mar 3, 2021 – (ACN Newswire) – The CropLife Asia 2021 Annual General Meeting (AGM) commenced virtually today, bringing together plant science industry leaders from across the continent. This year's edition of the annual gathering includes a unique focus on how the global pandemic has impacted various aspects of the regional food supply chain as well as the official presentation of the newly-elected Board of Directors. The 2021 Board consists of:

– Mr. Gustavo Palerosi Carneiro – President, CropLife Asia (BASF)
– Mr. Alexander Berkovskiy – Vice President, CropLife Asia (Syngenta)
– Mr. Jens Hartmann – Treasurer, CropLife Asia (Bayer)
– Mr. Peter Ford – Secretary, CropLife Asia (Corteva Agriscience)

"It is an honor to lead CropLife Asia at such a consequential time for our region and industry," said Gustavo Palerosi Carneiro, President of CropLife Asia. "The challenges we face in Asia are daunting. While our region remains home to the highest number of hungry and undernourished, farmers are facing increasing pressure from pests, weeds, disease and the impacts of climate change. The far-reaching effects of the COVID-19 pandemic have only exacerbated the strain on food production and distribution.

"Plant science has an important role to play in making our food supply chain more resilient, but it's only part of the solution. On behalf of CropLife Asia, we look forward to working with food and agriculture stakeholders across the region to meet these growing demands."

In January of this year, the United Nations (UN) released a report titled Asia and the Pacific Regional Overview of Food Security and Nutrition. Among the findings of the report was new data reflecting a troubling lack of food security among children and the most vulnerable parts of society in Asia. Specifically, nearly two billion people in Asia cannot afford a healthy diet, with two-thirds of children in the region suffering from the physical effects of malnutrition.

Beyond food security, sustainability is a topic of increasing focus for society – particularly the issue of climate change. Activities related to crop production are estimated to generate anywhere from 10-13% of global greenhouse gas emissions, and agriculture is a leading cause of deforestation.

The innovative technologies of plant science continue to enable farmers to produce more safe and nutritious food with fewer impacts to the world around us. Biotech crops have been developed with improved traits such as increased yield, better resistance to pests and/or improved nutrition, among others – and allow for sequestration of carbon in the soil through practices such as no-till farming. These are crucial tools that help farmers address global challenges such as food insecurity and climate change together.

Meanwhile, farmers rely on crop protection products (or pesticides) to grow more food on less land and raise productivity per hectare. Without pesticides, 40% of global rice and maize harvests could be lost every year and losses for fruits and vegetables could be as high as 50-90%. These losses in yield would likely mean additional land would need to be cleared for agriculture, leading to increased carbon emissions.

The CropLife Asia 2021 Annual General Meeting will conclude on Thursday, March 4.

About CropLife Asia

CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.

For more information please contact:
Duke Hipp
Director, Public Affairs & Strategic Partnerships
CropLife Asia
duke.hipp@croplifeasia.org

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ZALL celebrates the opening of its first overseas Chinese bookstore in Singapore

SINGAPORE, Feb 11, 2021 – (ACN Newswire) – ZALL Group, Asia's leading B2B e-commerce group, has officially opened its first overseas all-in-one Chinese bookstore on 8 February 2021 that is situated right in the heart of Orchard Road at Wheelock Place. The bookstore comprises of a cafe, art gallery and craft store, as well as event and outdoor spaces. Aspiring to create an all-in-one lifestyle experience, ZALL Bookstore seeks to create the perfect quintessential conducive environment for like-minded individuals who are passionate about Chinese culture, literature and arts to congregate and interact.









"Perfect for enthusiasts who are keen to learn more about Chinese culture, ZALL Bookstore creates a completely immersive experience into the world of books," said Yan Ge, spokesperson of ZALL Bookstore. "ZALL Bookstore aims to represent the richness of the Chinese heritage by offering readers an array of books with varied genres, as well as a collaborative setting for our readers to rediscover themselves whilst reading."

Serving as a gateway into the world of rich Chinese history and culture, ZALL Bookstore caters to diverse cultural interests and offers a comprehensive curated collection of more than 30,000 books on Chinese literature, humanities, history, and philosophy from China and Taiwan – featuring adult and children's books from international bestsellers, Chinese authors and foreign literary works. Beyond books, ZALL Bookstore also embodies the spirit of humanities, creativity, art and lifestyle that seeks to nourish a reader's soul with experiential charm into Chinese culture.

The interior of ZALL Bookstore accentuates the calligraphic elements of black and white, inspired by the essence of the Jiangnan watertown, with a spiral staircase – the key element of the bookstore is the circular arch that extends from the second floor to the first, resembling that of a river bridge in the water towns symbolising the essence of connecting the two streets of the town/city.

Stepping into the bookstore on the first floor, readers will be greeted with calligraphic elements of black and white, inspired by the essence of the Jiangnan watertown, and would be able to browse an extensive range of Children's books as soon as they enter the bookstore.

This floor also includes a public multifunctional reading area that can hold events from new book releases to reading events; and a cafe that provides a cosy space for anyone seeking a quiet space to read, and to relax by enjoying the variety of coffee blends, Chinese Chu tea and Taiwan tea served at the cafe, amidst the hustle and bustle of Orchard road.

Walking up the spiral staircase to the second floor, readers shall be able to appreciate the well-designed circular arch that extends from the second floor to the first, resembling that of a river bridge in the water towns which symbolises the essence of connecting the two streets of the town/city.

The second floor of the bookstore boasts the Adults' section, where lovers of Chinese books can have the most pleasurable book-hunting experience in an exquisite ambience. There would also be a section for cultural creatives and fresh stationery ideas for art and design lovers.

Readers will be pleasantly surprised by the art gallery on the second floor of the bookstore if they wish for a change in scenery as this section will showcase the collection of creative artworks and thought-provoking paintings by Singapore's local talents and international artists.

Readers are invited to come and rediscover the joys of reading whilst immersing themselves into the rich Chinese culture. For more information, please visit ZALL Bookstore at Wheelock Place, 501 Orchard Road, https://www.facebook.com/zallbookstore


About ZALL Bookstore

ZALL Bookstore offers a place for cultural exchange, social gathering and homecoming providing a conducive space for everyone. ZALL bookstore is the first upscaled Chinese-themed bookstore in Singapore, featuring an all-in-one lifestyle experience. ZALL bookstore is the ideal location for events such as artistic exchanges that will nourish a reader's soul with experiential charm into Chinese culture. Its cafe will allow a quiet cafe experience of Singapore's coffee culture, providing cosy corners for anyone seeking a quiet space to read. ZALL Bookstore not only feature books, but also embodies the spirit of humanities, creativity, art, and lifestyle, that will cater to the diverse arts and cultural interests in Singapore and aspiring to create the unique arts paradise reshaping Singapore's Chinese cultural landscape.

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com