JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin

LONDON, Dec 15, 2022 – (ACN Newswire) – Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.

The funding round was also supported by existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group.

This funding will enable further strategic product development in partnership with investing banks and existing clients. Additionally, it will enable Acin to expand and accelerate into new areas across the financial services industry.

Acin's platform empowers financial institutions to digitise their operational and non-financial risk analysis, using ground breaking data analytic capabilities. Acin has established a network that calibrates data and facilitates the sharing of best practice between firms, underpinned by a standardised library of risks and controls. The results revolutionise the understanding and management of firms' operational and non-financial risk positions accelerating their journey to become safer and more efficient. Minimising operational risk capital is a shared industry ambition and Acin's solution is a key building block.

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ESG reporting: Hang Seng companies have transparency shortcomings

HONG KONG, Dec 15, 2022 – (ACN Newswire) – Companies in the Hang Seng Index rank in the midrange internationally in terms of the quality of their ESG reporting. This is the finding of the Global ESG Monitor 2022 (GEM), Regional Report Hong Kong/China (https://globalesgmonitor.com/download-report/), published today. The GEM is considered an international leader in analysing the non-financial reporting of leading companies in Europe, North America, Asia and Australia. According to the latest GEM study, the companies listed in the Hang Seng Index score an average of 57 points out of a maximum possible 100 points for the transparency of their non-financial reports. This result places the Hang Seng Index at the lower end of the midrange among the total of ten international indices from North America, Europe, Asia and Australia that were examined as part of the GEM, and ranks just above the level of S&P Asia (56 points) and Australia's ASX50 (53 points).

At the top of the index league are three companies – sports equipment supplier Anta Sports Products (02020.HK), financial services provider Hang Seng Bank (00011.HK) and Internet services provider and software developer Tencent Holdings (00700.HK) – on a score of 77. Sands China (01928.HK) and HSBC Holdings (00005.HK) rank the 4th and 5th among the blue chips with 75 and 74 points respectively. Other companies among the top ten include Lenovo Group (00992.HK), Power Assets (00006.HK), Henderson Land Development (00012.HK), China Mobile (Hong Kong) (00941.HK) and Hang Lung Properties (00101.HK).

With a rate of 97 percent, a generally high level of willingness exists among Hang Seng Index companies to base their non-financial reporting on a standard international framework. In a global comparison, however, they tend to be more focused with an average of 6.7 referenced frameworks and standards. This is also reflected, among other things, in the length of the reports, which rank among the most concise of the ten indices examined. "As you go through the Hang Seng data, you then notice that this focus is not always an advantage," comments Ariane Hofstetter, co-founder and Head of Research and Data Science at GEM. "In many cases, there's a lack of important details that would lead to better comprehensibility, reliability and comparability of the data."

Contextual information such as company size, number of employees and product and service portfolio is comparatively well established in non-financial reporting. Four out of five companies surveyed (81 percent) also describe the environmental parameters in which they operate. However, Hang Seng companies are less likely to address socioeconomic or political conditions (75 percent and 54 percent respectively). And only one-third (32 percent) from this group report on their value chains. "Greater sustainability nevertheless also requires close collaboration along the entire supply chain. How well Hang Seng companies achieve this undertaking remains in part an open question. Because here, too, there's a lack of information that enables the information to be classified," notes Michael Diegelmann, co-founder of GEM. "Although 83 percent of the reports contain descriptions of supply chains, once again there's a lack of detail to help rank the risks associated with the supply chain." For example, slightly less than a third of the companies provide information on the type of suppliers they do business with, and just under half state the estimated number of suppliers along the supply chain.

The relevant topics of Environment, Social and Governance are covered by a majority of Hang Seng companies in their non-financial reports. Around a third, for example, say they are already climate-neutral. A further 44 percent aim to achieve this objective in the future. In contrast to this statement, however, only three-quarters of companies identify their main sources of emissions in their reports and outline the biggest challenges they face in terms of climate-related emissions.

In the area of social issues, the topic of employee and human rights is not one of the most present in Hang Seng reporting. For example, 82 percent fail to state the extent to which specific incidents of discrimination and harassment have occurred. In contrast, the reports reflect more transparency on the subject of health and safety, where 89 percent of companies state their position – even though only seven out of ten companies report more specifically on "the number and rate of fatalities due to work-related injuries" and only a quarter provide information on "the number and rate of work-related injuries with serious consequences".

When it comes to governance, reporting by Hang Seng companies tends to focus more on structures and less on the functioning of the supervisory board. Around seven out of ten companies report how they ensure or promote their supervisory boards' collective knowledge about financial and non-financial issues and decisions. Only just under two-thirds of the companies (64 percent) report on the supervisory board's role when it comes to assessing environmental and social risk management. The scores are particularly low in connection with critical concerns and issues reported to the supervisory board. Here, only a quarter of the companies provide information, with only four percent then being specific and outlining the total number of critical concerns that were communicated to the supervisory board.

"One reason many reports lack detail and transparency is that they are prepared according to the HKEX ESG reporting guidelines," is Diegelmann's assessment. "This is where it then becomes noticeable that these guidelines have lower minimum requirements and don't go into much depth, especially compared to the Global Reporting Initiative requirements."

Among Hang Seng Index companies, it is also striking that there is little willingness to submit the non-financial report to an auditor. Only just under one-third of issuers (32 percent) issue a corresponding audit engagement. It is striking that in 70 percent of the cases no information was provided on the depth of the audit and only 16 percent of the reports were audited with "reasonable assurance".

"Hang Seng companies are generally convinced that their development towards greater sustainability must be accompanied by appropriate reporting," is the conclusion of Joanne Chan, Regional Partner Hong Kong and Managing Director at LBS Communications Consulting Limited. "However, an enormous amount of work will be required for Hang Seng companies to ensure that their reports can contribute to sustainable change through transparency."

Full report : https://globalesgmonitor.com/download-report-form/

For more information on the rating criteria and details of the report, please visit https://lbs-comm.com/global-esg-monitor-2022-report-scorings-is-out-now-two-hong-kong-companies-were-ranked-top-ten/

About the Global ESG Monitor (GEM)
The Global ESG Monitor (GEM) is a unique research initiative to examine transparency in non-financial reporting of the largest companies in the world. The GEM monitors, analyzes and reports on the transparency of non-financial ESG reporting using the GEM ASSAYTM, a proprietary research tool adapted annually in response to evolving conditions and developments. The operationalization of transparency underlying the GEM ASSAYTM is based on the relevant guidelines of Global Reporting Initiative (GRI), ISO Standard 26000, World Economic Forum (WEF) and Accountability.

If you have any media enquiries, please contact LBS Communications Consultants Limited.
www.lbs-forum.com
Joanne Chan Tel : (852)3679 3671 Email : jchan@lbs-comm.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Tonghai Financial Garners CarbonCare Label Three Years in A Row, “CarbonCare Label Level 3 – Achievement” This Year and “CarbonCare Star Label” Special Recognition

HONG KONG, Dec 14, 2022 – (ACN Newswire) – China Tonghai Financial Limited ("Tonghai Financial" or the "Group"), is pleased to announce that it has earned the "CarbonCare Label Level 3 – Achievement" granted by CarbonCare InnoLab in recognition of its excellence in the sustainability development and efforts towards a greener future. It was also presented the "CarbonCare Star Label", a special recognition for having won the "CarbonCare Label" for three consecutive years, evidencing its outstanding performance in fulfilling carbon reduction commitments.

This year, CarbonCare InnoLab aims to rally leadership and support from businesses, cities, regions and investors worldwide for a healthy, resilient, zero carbon recovery after the pandemic. Looking ahead, the Group will respond to the call by promoting environmental conservation in the communities and raising green awareness among its employees, so as to further enhance long term sustainability as well as contribute to the green development of the society. As ESG continues to gain market attention, carbon reduction has become the focus and goal of more companies. Tonghai Financial had been playing active role in important environmental issues. The CarbonCare ESG Label signifies the success of the Group's effort in sustaining a green environment, and also a ringing endorsement of the commitment in providing a high standard of Environmental, Social, Governance (ESG) report for stakeholders.

CarbonCare InnoLab and Carbon Care Asia jointly launched the CarbonCare Label in 2011. To date, more than 450 CarbonCare Labels have been awarded to organizations in different sectors, including listed companies, government departments, public bodies, social enterprises, non-governmental organizations and commercial buildings/venues. In recent years, keeping pace with time, the Scheme has introduced different level labels so as to match the state of progress made by companies and organizations in sustainability and respond to the development in carbon management, ESG reporting and circular economy of companies.

About China Tonghai International Financial Limited
China Tonghai International Financial Limited (the "Company", Stock Code: 00952.HK) is a Hong Kongbased financial services group which is listed on the Main Board of The Stock Exchange of Hong Kong Limited. The Company was publicly listed in Hong Kong in 1997, it is committed to building a comprehensive, full-licensed integrated financial platform. The core businesses of the Company are brokerage business, interest income business, corporate finance business, asset management business and investments and others businesses. The Company strives to become the ideal partner for both corporate and individual investors in Hong Kong and China. The Company also offers premier one-stop financial services to its clients. The Company continued to provide capital markets services through its representative office or the wholly-owned foreign enterprise in Shenzhen, Shanghai, Shenyang, Ningbo, Dalian, Beijing, Chengdu, Hangzhou and Xiamen of the PRC and through its networks of Global Alliance Partners network and Oaklins International.

For further information, please contact:
Quam IR Limited
Mandy Lo Tel: (852) 2217-2753 Email: mandy.lo@tonghaifinancial.com
Charlie Chan Tel: (852) 2217-2504 Email: charlie.chan@tonghaifinancial.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SNS Network Technology Posts 35.5% Rise in PAT to RM11.94 Million

IPOH, Malaysia, Dec 13, 2022 – (ACN Newswire) – SNS Network Technology Berhad, an ICT system and solutions provider, today reported a 35.5% rise in profit after tax (PAT) to RM11.94 million for the third quarter ended 31 October 2022 (3Q FY2023) compared with PAT of RM8.81 million in the immediately preceding quarter (2Q FY2023).

Managing Director of SNS, Ko Yun Hung

The Group registered revenue that increased 17.5% to RM348.84 million in 3Q FY2023 compared with RM296.93 million in 2Q FY2023. For the quarter under review, there was a 25.7% gain in gross profit (GP) to RM29.44 million compared with GP of RM23.43 million in 2Q FY2023 while profit before tax (PBT) increased 29.9% to RM15.28 million compared with PBT of RM11.76 million.

There are no comparative figures on a year-over-year basis as SNS was listed on the ACE Market of Bursa Malaysia on 2 September 2022.

Managing Director of SNS, Ko Yun Hung, said, "We are seeing continuous growth in revenue and profit as well as margins supported by growing demand in the ICT industry by the commercial sector due to the market's digital transformation initiatives as well as the implementation of government's ICT initiatives as part of the digitalisation drive in schools. In fact, more and more organizations will continue to infuse digital technology into every process and function to boost up their productivities."

"Building on the government's digitalisation initiatives, we are fulfilling projects secured under the PerantiSiswa Keluarga Malaysia, a programme to bridge the digital gap and enhance the learning experience among tertiary students from the B40 group. In addition, our Group is very focused on expanding the device-as-a-service (DaaS) subscription-based service as we announced prior to our listing given the growth in the domestic DaaS market, which saw a CAGR of 39.04% from 2018, when the market was valued at RM139.95 million to 2021, when the market was valued at RM376.17 million."

"SNS is in a strong cash position at RM89.24 million and we are ready to expand through our online, physical store and commercial channels offering products, services and solutions. The Group's growth and strength is also supported by JOI(R), our in-house brand of devices and solutions catering to the needs of a growing audience of students enabling them to access educational tools and online learning for hybrid environment. We continue to also secure more DaaS projects from both the government and private sectors across all industries."

The Group's board of directors has also approved and declared a first interim single-tier dividend of 0.25 Sen per ordinary share amounting to RM4,031,949 in respect of financial year ending 31 January 2023, to be paid on 18 January 2023. The entitlement date is 3 January 2023.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

CleverTap Appoints Samer Saad as Regional Sales Director for META Region

Mountain View, Calif., Dubai, UAE and Mumbai, India, Dec 13, 2022 – (ACN Newswire) – CleverTap, the World's #1 Retention Cloud today announced the appointment of Samer Saad as the Regional Sales Director for its META Region and will be based out of Dubai.

Samer has over a decade of experience in building and scaling sales teams across the MEA region. He joins from Appsflyer, where he was the Regional Manager for the MEA region and has led partnership sales and agency roles across Criteo and Yahoo!. As CleverTap increases its focus into META Region, it has ensured the local presence of all sub functions that are needed locally to scale the business, and Samer will lead the mandate to scale the growth charter.

"We are all excited to have Samer onboard! With 120+ existing customers in the region, we have a robust foundation to further scale in the region. I am confident that Samer will help us embark on the next phase of our growth journey in the META region," said Vikrant Chowdhary, Chief Growth Officer, CleverTap.

"I am thrilled to join CleverTap as it has emerged as the global leader in the retention cloud category. The SaaS industry is one of the most promising across the world, and I am looking forward to being a part of the CleverTap journey, in becoming the preferred retention cloud partner for all digital native brands in the META region," said Samer Saad, Regional Sales Director, META, CleverTap.

About CleverTap

CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and life-time value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.

The platform is powered by TesseractDB(TM) – world's first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 1500 customers, including Gojek, ShopX, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John's, and Tesco.

Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, Sao Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements.

CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction

For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

VISHAAL MUDHOLKAR
Consultant, Archetype
+91 9724309069
vishaal.mudholkar@archetype.co

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The best of the best real estate developers, projects prevail at 17th PropertyGuru Asia Property Awards Grand Final

BANGKOK, THAILAND, Dec 10, 2022 – (ACN Newswire) – PropertyGuru Group (NYSE: PGRU), Southeast Asia's leading property technology company, today announced the regional winners representing the Best in Asia at the 17th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Leading Real Estate Companies of the World.

— New World Development Company Limited is hailed Best Developer (Asia) in one of two regional wins for companies from China (Hong Kong and Macau)
— Companies from Thailand and the Philippines each garner seven regional wins
— Candra Ciputra, CEO of Ciputra Group and president director of PT Ciputra Development Tbk, receives the PropertyGuru Icon award

Also known as the finale of the 2022 PropertyGuru Asia Property Awards series, the Grand Final was presented in 48 categories at The Athenee Hotel, a Luxury Collection Hotel, Bangkok.

New World Development Company Limited garnered the award of Best Developer (Asia), representing China (Hong Kong and Macau). Along with the design practice Lead8, the company also received the Best Mega Mixed Use Development (Asia) award for 11 SKIES.

Representing Mainland China, Lead8 additionally won the Best Retail Architectural Design (Asia) award for Shougang Park Urban Weaving District. Benoy Limited won Best Mixed Use Architectural Design (Asia) for CRL MixC Qianhai in another regional win for Mainland China.

The Philippines garnered seven regional wins, led by the Best Industrial Developer (Asia) title for Aboitiz InfraCapital Economic Estates and Best Lifestyle Developer (Asia) title for Global-Estate Resorts, Inc. (GERI). Aboitiz InfraCapital Economic Estates also won the honours of Best Industrial Development (Asia) and Best Green Development (Asia) for LIMA Estate.

AppleOne Mactan, Inc. also won Best Branded Residential Development (Asia) for The Residences at Sheraton Cebu Mactan Resort while Cebu Landmasters, Inc. won Best Hospitality Architectural Design (Asia) for Sofitel Cebu City. Arquitectonica was honoured with the Best Office Architectural Design (Asia) award for Mega Tower.

Thailand also gained seven regional wins, including the Best Landmark Mixed Use Development (Asia) award for One Bangkok by Frasers Property Holdings (Thailand) Co., Ltd. (FPHT). Magnolia Quality Development Corporation Limited won both the Best Condo Development (Asia) and Best Health and Wellness Development (Asia) awards for The Aspen Tree at The Forestias. PMT Property Co., Ltd. earned the titles of Best Condo Interior Design (Asia) and Best Condo Landscape Architectural Design (Asia) for 125 Sathorn. Lake Legend Bangna-Suvarnabhumi by Hongkong Land and Property Perfect PCL was named Best Waterfront Housing/Landed Development (Asia) while Jaytiya 2 Private Pool Villas Residence by Jaytiya Property Co., Ltd. won Best Housing/Landed Landscape Architectural Design (Asia).

Singapore scored six regional wins at the Grand Final. GuocoLand was named Best Luxury Developer (Asia) and Best Sustainable Developer (Asia) while UOL Group Limited was named Best Hospitality Developer (Asia). UOL Group Limited also won Best Hotel Development (Asia) for Pan Pacific Orchard.

Park Nova by Shun Tak Holdings gained the Best Condo Architectural Design (Asia) title while Artyzen Singapore by Artyzen Hospitality Group won Best Hospitality Interior Design (Asia).

Indonesia was also represented with six regional wins that include the Best Township Development (Asia)
award for Kota Baru Parahyangan by PT. Belaputera Intiland and Best Township Masterplan Design (Asia) award for PIK2 Sedayu Indo City by Agung Sedayu Group & Salim Group.

Autograph Tower at Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group, won Best Office Development (Asia) while LRT City Jatibening by KSO PT Adhi Commuter Properti Tbk. & PT Urban Jakarta Propertindo Tbk. won Best Connectivity Condo Development (Asia). Metland Cibitung by PT Fajarputera Dinasti, a subsidiary of PT Metropolitan Land Tbk., won Best Connectivity Housing/Landed Development (Asia) while LOGOS Cikarang Logistics Park by LOGOS Indonesia was named Best Green Industrial Development (Asia).

Australia scored five regional wins, including the Best Boutique Developer (Asia) title for Spacious Group. SPG Land won both the Best Smart Building Development (Asia) and Best Integrated Work From Home Development (Asia) titles for Paradiso Place. Dare Property Group won Best Eco Friendly Commercial Development (Asia) for Zero Gipps and Mayrin Group won Best Housing/Landed Architectural Design (Asia) for The Archwood Residences.

Vietnam scored four regional wins, including the Best Mixed Use Developer (Asia) title for Keppel Land. Sycamore by CapitaLand Development (Vietnam) won the Best Housing/Landed Development (Asia) and Best Eco Friendly Housing/Landed Development (Asia) awards. Artisan Park by Gamuda Land was named Best Retail Development (Asia).

From Greater Niseko, Andaru Collection Niseko by Blue Waves Group clinched both Best Completed Housing/Landed Development (Asia) and Best Housing/Landed Interior Design (Asia) awards. HakuVillas by H2 Group won the Best Completed Condo Development (Asia) award.

Cambodia and Malaysia each earned two regional wins. The Best Breakthrough Developer (Asia) award went to Kambujaya Development Co., Ltd, with the Best Waterfront Condo Development (Asia) title going to Vue Aston by The Peninsula Capital Co., Ltd. KL Wellness City by KL Wellness City Sdn Bhd was named Best Mixed Use Development (Asia), with Infinity8 Reserve JBCC by Infinity Group winning Best Co-Working Space (Asia).

India was also represented at the Grand Final with Embassy REIT winning Best Commercial Landscape Architectural Design (Asia) for Embassy TechVillage – Central Garden.

Candra Ciputra, CEO of Ciputra Group and president director of PT Ciputra Development Tbk, received the PropertyGuru Icon Award. Ciputra, previously named the Indonesia Real Estate Personality of the Year in 2015, received the award for a lifetime of real estate achievements covering developments in more than 40 cities across the archipelago.

The regional winners at the Grand Final were selected from the elite pool of country winners from PropertyGuru Asia Property Awards' series of celebrations this year in Singapore, Malaysia, Indonesia, Thailand, Vietnam, Cambodia, the Philippines, Mainland China, Hong Kong, Macau, Greater Niseko (Japan), India, and Australia.

Hari V Krishnan, CEO and managing director of PropertyGuru Group, said: "The Awards remain among our widest-reaching enterprise solutions, having expanded over the years to represent some of the world's most dynamic property markets from Southeast Asia to Australia. With these award-winning developers and designers as benchmarks, we hope to guide property seekers towards finding, financing and owning the right properties. In this, the 17th edition of the PropertyGuru Asia Property Awards Grand Final, we elevate not only the region's dream homes but also its finest, most sustainable live-work-play developments, workspaces, retail hubs, hotels, resorts, and industrial parks, among others, to an international platform. Whether you're seeking, selling or building property, we will see you home."

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: "The winners of the PropertyGuru Asia Property Awards Grand Final aptly represent the diversity, progress, and resilience of their respective property markets. With projects ranging from boutique residential developments to vast integrated districts, these award-winning developments offer an impressive snapshot of what the Best in Asia looks like. Whether celebrated onstage at our gala events, or presented to the world online, these awardees shine bright as the Gold Standard of Asian real estate, keeping true to our vision of building the region's Property Trust Platform. To all the winners announced at our regional Grand Final – we celebrate your success. Congratulations."

The latest edition of the Grand Final marked the full return of the black-tie gala dinner and awards presentation, following a successful virtual gala edition in 2021. The 2022 Grand Final was streamed live on AsiaPropertyAwards.com as well as the programme's official Facebook and YouTube channels.

The list of winners at the Grand Final was selected by an independent jury consisting of head judges of participating markets in the Awards: Thien Duong, chairperson of the Grand Final and general director, Group GSA (Vietnam); Amit Khanna, managing director, Phoenix Advisers (India); Bill Barnett, founder and managing director, C9 Hotelworks (Greater Niseko); Cyndy Tan Jarabata, president of TAJARA Leisure & Hospitality Group Inc. (Philippines); Dato' Sr. Lau Wai Seang, president, Royal Institution of Surveyors Malaysia (RISM): 2017-2018 (Malaysia); Kristin Thorsteins, head of partnership growth for APAC at IWG PLC (Singapore); Lui Violanti, regional manager for Western Australia, Inhabit Group (Australia); Paul Tse, president, board of directors, Macao Association of Building Contractors and Developers (Mainland China, Hong Kong and Macau); Sorn Seap, executive vice president, Cambodian Valuers and Estate Agents Association (Cambodia); Suphin Mechuchep, chairperson, JLL Thailand (Thailand); and Vivin Harsanto, senior director and head of advisory, JLL Indonesia (Indonesia).

HLB, the leading international accounting and advisory firm, upheld fairness, transparency and credibility throughout all points of the selection process, under the leadership of Paul Ashburn, HLB International Real Estate Group.

Since it was established in Thailand in 2005, the PropertyGuru Asia Property Awards programme has expanded over the years to 18 property markets. Through its series of in-person and virtual gala celebrations, the PropertyGuru Asia Property Awards programme has provided an international platform for excellent real estate developers, architects, and interior designers across Asia Pacific. The programme therefore connects awardees to a wide pool of investors, consumers, and agents, as well as the diaspora, throughout the region and beyond.

Organised by PropertyGuru Group (NYSE: PGRU), the 17th PropertyGuru Asia Property Awards Grand Final is supported by platinum sponsor Kohler; gold sponsor Leading Real Estate Companies of the World; official portal partner PropertyGuru; official channel partner History; official magazine Property Report by PropertyGuru; official PR partner Artemis Associates; media partners BusinessWorld, Construction & Property, d+a Magazine, Daily FT, Deluxe Magazine, Discover Pattaya, Esquire PH, Hot Magazine, Housing.com, Kompas, Kopiandpropetry.com, Luxuo, Manila Bulletin, Mingtiandi, Palace, Pattaya Trader, Penang Property Talk, People Asia Magazine, PhilStar PropertyReport PH, Powderlife, Real Estate News PH, Real Living, Rem, Robb Report, Southeast Asia Globe, Suara Indonesia, The Grid, The Hindu, The Manila Times, Think of Living, Top 10 of Malaysia, Vietnam Heritage, WhenInManila.com, Yacht Style, and Your Investment Property; official ESG partner Baan Dek Foundation; official charity partner Liter of Light; supporting partners IFC – Building Resilience Index, IFC – Excellence in Design for Greater Efficiencies, and REHDA Institute; supporting associations EuroCham Cambodia, Global Design Awards Lab, Green Building Consulting & Engineering, Niseko Tourism, Singapore Estate Agents Association, and Singapore Green Building Council; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

LIST OF REGIONAL AND COUNTRY WINNERS
17th PropertyGuru Asia Property Awards Grand Final

DEVELOPER AWARDS

Best Developer (Asia)
Agung Sedayu Group – Indonesia
Auriton Group – Australia
New World Development Company Limited – China – Hong Kong and Macau (REGIONAL WINNER)
Prince Real Estate Group – Cambodia
Robinsons Land – Philippines
UOL Group Limited – Singapore

Best Luxury Developer (Asia)
GuocoLand – Singapore (REGIONAL WINNER)
SonKim Land Corporation – Vietnam

Best Industrial Developer (Asia)
Aboitiz InfraCapital Economic Estates – Philippines (REGIONAL WINNER)
PT LOGOS SEA Indonesia – Indonesia

Best Mixed Use Developer (Asia)
GuocoLand – Singapore
Keppel Land – Vietnam (REGIONAL WINNER)
Megaworld Corporation – Philippines
Prince Real Estate Group – Cambodia

Best Hospitality Developer (Asia)
Megaworld Corporation – Philippines
UOL Group Limited – Singapore (REGIONAL WINNER)

Best Lifestyle Developer (Asia)
Aurum Land (Private) Limited – Singapore
Casagrand Builder Pvt. Ltd. – India
Global-Estate Resorts,Inc. (GERI) – Philippines (REGIONAL WINNER)

Best Sustainable Developer (Asia)
GuocoLand – Singapore (REGIONAL WINNER)
PT. Bumi Serpong Damai – Indonesia
PT LOGOS SEA Indonesia – Indonesia

Best Boutique Developer (Asia)
Aurum Land (Private) Limited – Singapore
PT. Bumi Parama Wisesa (NavaPark) Hongkong Land & Sinar Mas Land Joint Venture – Indonesia
Spacious Group – Australia (REGIONAL WINNER)

Best Breakthrough Developer (Asia)
Kambujaya Development Co., Ltd – Cambodia (REGIONAL WINNER)

DEVELOPMENT AWARDS

Best Township Development (Asia)
Bridgetowne Destination Estate by Robinsons Land – Philippines
Correctio by PT. Jababeka Tbk – Indonesia
Kota Baru Parahyangan by PT. Belaputera Intiland – Indonesia (REGIONAL WINNER)
Meyhomes Capital Phu Quoc by Tan A Dai Thanh – Meyland – Vietnam

Best Mega Mixed Use Development (Asia)
11 SKIES by Lead8 & New World Development Company Limited – China – Hong Kong and Macau (REGIONAL WINNER)

Best Landmark Mixed Use Development (Asia)
One Bangkok by Frasers Property Holdings (Thailand) Co., Ltd. (FPHT) – Thailand (REGIONAL WINNER)

Best Mixed Use Development (Asia)
Baker Circle by Henderson Land Development Company Limited – China – Hong Kong and Macau
Balfour Place by Thirdi Group – Australia
Embassy Manyata Front Parcel Development by Embassy REIT – India
Heartland 66 by Hang Lung Properties – Mainland China
KL Wellness City by KL Wellness City Sdn Bhd – Malaysia (REGIONAL WINNER)
Melbourne Square by OSK Property – Australia
Prince International Plaza by Prince Real Estate Group – Cambodia
Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group – Indonesia

Best Industrial Development (Asia)
FoodFab @ Mandai by Mandai 7 JV Pte Ltd – Singapore
GIIC @ Kota Deltamas by Sinar Mas Land & Sojitz Corporation – Indonesia
LIMA Estate by Aboitiz InfraCapital Economic Estates – Philippines (REGIONAL WINNER)

Best Hotel Development (Asia)
Pan Pacific Orchard by UOL Group Limited – Singapore (REGIONAL WINNER)
Park Hyatt Niseko Hanazono and Hanazono Resort Niseko by Nihon Harmony Resorts KK and PCPD – Greater Niseko

Best Retail Development (Asia)
Artisan Park by Gamuda Land – Vietnam (REGIONAL WINNER)
Batavia PIK by Agung Sedayu Group & Salim Group, curated by Amantara – Indonesia

Best Office Development (Asia)
888 Lai Chi Kok Road (NCB Innovation Centre) by New World Development Company Limited – China – Hong Kong and Macau
Autograph Tower at Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group – Indonesia (REGIONAL WINNER)
Cloud Land, Hangzhou by Greentown China Holdings Limited – Mainland China
Frasers Tower by Frasers Property Singapore – Singapore
Hudson & Ganges Office Towers, Embassy TechZone by Embassy REIT – India
Knowledge Hub @Digital Hub by Sinar Mas Land – Indonesia
One Bangkok Office Tower 4 by Frasers Property Holdings (Thailand) Co., Ltd. (FPHT) – Thailand

Best Branded Residential Development (Asia)
The Residences at Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. – Philippines (REGIONAL WINNER)

Best Condo Development (Asia)
Forbes Residences, Applecross by Mustera Property Group Ltd – Australia
Hinode Hills by Niseko Village – Greater Niseko
Kincang Egrets Waves 3.0 Residential by LYCS Architecture – Mainland China
Le Parc at Thamrin Nine Complex by PT Putragaya Wahana, a member of Galeon Group – Indonesia
Meyer Mansion by GuocoLand – Singapore
One Innovale by Henderson Land Development Company Limited – China – Hong Kong and Macau
Parc3 by Eupe Corporation Berhad – Malaysia
Piramal Aranya by Piramal Realty – India
The Aspen Tree at The Forestias by Magnolia Quality Development Corporation Limited – Thailand (REGIONAL WINNER)
The Seasons Residences by Sunshine Fort North Bonifacio Realty Development Corporation – Philippines
Vue Aston by The Peninsula Capital Co., Ltd. – Cambodia

Best Waterfront Condo Development (Asia)
Costa Mira Beachtown Mactan by Cebu Landmasters, Inc. – Philippines
Lee Nam Road 66 by Logan Group Company Limited & KWG Group Holdings – China – Hong Kong and Macau
Meyer Mansion by GuocoLand – Singapore
Paradiso Place by SPG Land – Australia
Sunteck Beach Residences (SBR) by Sunteck Realty Limited – India
Vue Aston by The Peninsula Capital Co., Ltd. – Cambodia (REGIONAL WINNER)

Best Connectivity Condo Development (Asia)
LRT City Jatibening by KSO PT Adhi Commuter Properti Tbk. & PT Urban Jakarta Propertindo Tbk. – Indonesia (REGIONAL WINNER)

Best Completed Condo Development (Asia)
HakuVillas by H2 Group – Greater Niseko (REGIONAL WINNER)

Best Health and Wellness Development (Asia)
Forbes Estates Lipa by Robinsons Land – Philippines
Mark Moran Warrawee by Mark Moran Group – Australia
The Aspen Tree at The Forestias by Magnolia Quality Development Corporation Limited – Thailand (REGIONAL WINNER)

Best Smart Building Development (Asia)
Paradiso Place by SPG Land – Australia (REGIONAL WINNER)

Best Housing/Landed Development (Asia)
Belgravia Ace by Fairview Developments Pte Ltd (a unit of Tong Eng Group) – Singapore
Enchante Residence @BSD City by Sinar Mas Land – Indonesia
Guangzhou Nansha Amber Living by Zhuhai Huafa Properties Co., Ltd. – Mainland China
Sycamore by CapitaLand Development (Vietnam) – Vietnam (REGIONAL WINNER)
The Archwood Residences by Mayrin Group – Australia

Best Waterfront Housing/Landed Development (Asia)
Lake Legend Bangna-Suvarnabhumi by Hongkong Land and Property Perfect PCL – Thailand (REGIONAL WINNER)
The Residences III at The Glades, Putra Heights by Sime Darby Property – Malaysia

Best Connectivity Housing/Landed Development (Asia)
Metland Cibitung by PT Fajarputera Dinasti a subsidiary of PT Metropolitan Land Tbk. – Indonesia (REGIONAL WINNER)

Best Completed Housing/Landed Development (Asia)
Andaru Collection Niseko by Blue Waves Group – Greater Niseko (REGIONAL WINNER)

Best Integrated Work From Home Development (Asia)
Paradiso Place by SPG Land – Australia (REGIONAL WINNER)
Pisonia Ville by UDA Holdings Berhad – Malaysia

Best Green Development (Asia)
LIMA Estate by Aboitiz InfraCapital Economic Estates – Philippines (REGIONAL WINNER)

Best Green Industrial Development (Asia)
LOGOS Cikarang Logistics Park by LOGOS Indonesia – Indonesia (REGIONAL WINNER)

Best Eco Friendly Housing/Landed Development (Asia)
Sycamore by CapitaLand Development (Vietnam) – Vietnam (REGIONAL WINNER)

Best Eco Friendly Commercial Development (Asia)
Site of the Future – Acienda Silang by Pilipinas Shell Petroleum Corporation – Philippines
Zero Gipps by Dare Property Group – Australia (REGIONAL WINNER)

DESIGN AWARDS

Best Township Masterplan Design (Asia)
Bridgetowne Destination Estate by Robinsons Land – Philippines
PIK2 Sedayu Indo City by Agung Sedayu Group & Salim Group – Indonesia (REGIONAL WINNER)

Best Mixed Use Architectural Design (Asia)
11 SKIES by Lead8 – China – Hong Kong and Macau
CRL MixC Qianhai by Benoy Limited – Mainland China (REGIONAL WINNER)
Yoho Treasure Island Resorts World Hotel, Macau by Huarchi Global Design Corporation Ltd & Treasure Island Entertainment Company Ltd – China – Hong Kong and Macau

Best Condo Architectural Design (Asia)
AMO Residence by UOL Group Limited, Singapore Land Group Limited, Kheng Leong Company – Singapore
Meyer Mansion by GuocoLand – Singapore
One East @ Damansara by CK East Group – Malaysia
Paradiso Place by SPG Land – Australia
Park Nova by Shun Tak Holdings – Singapore (REGIONAL WINNER)
Railway Leisure Town by HZS Design (Shanghai) Ltd. – Mainland China
Reference Sathorn – Wongwianyai by SC Asset – Thailand
The Commodore by JBE Holdings Pte Ltd – Singapore
The East Village at DGT by Cebu Landmasters, Inc. – Philippines
Waterfall Heights, Patong Bay (Phuket) by PropertyStore Thailand Co., Ltd. – Thailand

Best Housing/Landed Architectural Design (Asia)
Andaru Collection Niseko by Blue Waves Group – Greater Niseko
Lake Legend Bangna-Suvarnabhumi by Hongkong Land and Property Perfect PCL – Thailand
Mazenta Residence by PT Cipta Harmoni Lestari – Indonesia
Seri Austin Heights by Aksi Sepakat Sdn Bhd – Malaysia
The Archwood Residences by Mayrin Group – Australia (REGIONAL WINNER)
The Valley by Botanica Luxury Villas – Thailand
Venue ID Motorway Rama 9 by SC Asset – Thailand

Best Hospitality Architectural Design (Asia)
Artyzen Singapore by Artyzen Hospitality Group – Singapore
Shiguchi by Kookan – Greater Niseko
Sofitel Cebu City by Cebu Landmasters, Inc. – Philippines (REGIONAL WINNER)

Best Retail Architectural Design (Asia)
Pantjoran PIK by Agung Sedayu Group & Salim Group, curated by Amantara – Indonesia
Shougang Park Urban Weaving District by Lead8 – Mainland China (REGIONAL WINNER)

Best Office Architectural Design (Asia)
Embassy Oxygen, Tower-1 by Embassy REIT – India
Mega Tower by Arquitectonica – Philippines (REGIONAL WINNER)
One Bedford Place by Lofter Group Limited – China – Hong Kong and Macau

Best Condo Interior Design (Asia)
125 Sathorn by PMT Property Co., Ltd. – Thailand (REGIONAL WINNER)
Liv @ MB by Bukit Sembawang Estates Limited – Singapore
Orchard Sophia by Orchard Sophia Pte Ltd – Singapore
Paradiso Place by SPG Land – Australia
Perfect Ten by Property Enterprises Development (Singapore) Pte Ltd – Singapore
The Commodore by JBE Holdings Pte Ltd – Singapore
The Residences at Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. – Philippines

Best Housing/Landed Interior Design (Asia)
Andaru Collection Niseko by Blue Waves Group – Greater Niseko (REGIONAL WINNER)
Kambujaya Residences by Kambujaya Development Co., Ltd – Cambodia
Mazenta Residence by PT Cipta Harmoni Lestari – Indonesia
The Archwood Residences by Mayrin Group – Australia

Best Hospitality Interior Design (Asia)
Artyzen Singapore by Artyzen Hospitality Group – Singapore (REGIONAL WINNER)
Sheraton Cebu Mactan Resort by AppleOne Mactan, Inc. – Philippines
Shiguchi by Kookan – Greater Niseko

Best Condo Landscape Architectural Design (Asia)
125 Sathorn by PMT Property Co., Ltd. – Thailand (REGIONAL WINNER)
AMO Residence by UOL Group Limited, Singapore Land Group Limited, Kheng Leong Company – Singapore
Park Nova by Shun Tak Holdings – Singapore
Waterfall Heights, Patong Bay (Phuket) by PropertyStore Thailand Co., Ltd. – Thailand

Best Housing/Landed Landscape Architectural Design (Asia)
Jaytiya 2 Private Pool Villas Residence by Jaytiya Property Co., Ltd. – Thailand (REGIONAL WINNER)
Meysenses Lucia Bay Bai Lu by Tan A Dai Thanh – Meyland – Vietnam

Best Commercial Landscape Architectural Design (Asia)
Embassy TechVillage – Central Garden by Embassy REIT – India (REGIONAL WINNER)

Best Co-Working Space (Asia)
Infinity8 Reserve JBCC by Infinity Group – Malaysia (REGIONAL WINNER)
work.able Exxa-Zeta Center by Robinsons Land – Philippines

PUBLISHER'S CHOICE

PropertyGuru Icon Award
WINNER: Candra Ciputra
CEO, Ciputra Group
President Director, PT Ciputra Development Tbk

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

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ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:
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In 2022, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during 'PropertyGuru Week' in December 2022.

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PropertyGuru is Southeast Asia's leading1 PropTech company, and the preferred destination for over 44 million property seekers7 (https://www.propertygurugroup.com/newsroom/propertyguru-reports-third-quarter-2022-results/#news_icon) to find their dream home, every month. PropertyGuru empowers property seekers with more than 3.5 million real estate listings8 (https://www.propertygurugroup.com/newsroom/propertyguru-reports-third-quarter-2022-results/#news_icon), in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

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For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn (https://www.linkedin.com/company/propertyguru).
1. Based on SimilarWeb data between April 2022 and September 2022.
2. The third quarter and first nine months ended September 30, 2022 includes results of the iProperty Malaysia and thinkofliving businesses which were acquired on August 3, 2021.
3. Included in the S$13.2 million of adjustments between net loss and Adjusted EBITDA in the third quarter of 2022 was a S$4.9 million depreciation and amortization expense.
4. Included in the S$8.2 million of adjustments between net loss and Adjusted EBITDA in the third quarter of 2021 were a S$3.9 million depreciation and amortization expense and a S$3.0 million net finance expense.
5. Based on SimilarWeb data between April 2022 and September 2022.
6. Does not include impact of Sendhelper acquisition in October 2022.
7. Based on Google Analytics data between April 2022 and September 2022.
8. Based on data between April 2022 and September 2022.

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Samaiden Shareholders Pass All Resolutions at AGM

PETALING JAYA, Malaysia, Dec 9, 2022 – (ACN Newswire) – Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants, reported that shareholders have passed all resolutions at the 3rd AGM held today.

Group Managing Director of Samaiden, Ir. Chow Pui Hee

Among the resolutions passed were the re-election of Lim Poh Seong and Fong Yeng Foon as directors pursuant to the Constitution of the Company as well as the re-appointment of TGS TW PLT as auditors of the Company. Shareholders also passed the resolution empowering the board of directors to issue and allot up to 10% of the total number of issued shares of the Company for the time being pursuant to Sections 75 and 76 of the Companies Act 2016.

Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "This is the first ever AGM we are holding physically ever since Samaiden was listed in October 2020 on the ACE Market. We are glad to meet our shareholders and would like to thank them for their trust and confidence in us as we endeavoured to steer the business safely through the COVID-19 pandemic. While financial year ended 30 June 2022 (FY2022) has not been without its challenges, we note the increasing adoption of RE as businesses and organisations come to terms with climate change and also volatile fossil fuel costs."

"Over the mid-to-long term, we see greater clarity for RE given the rollout of the National Energy Policy 2022-2040 in September 2022 outlining the key priorities for Malaysia's socioeconomic development. Given that sustainability practices are increasingly being used to benchmark businesses, easy access and the ready availability of RE is crucial for growth as it also covers other indices used to gauge green attributes such as carbon credits, carbon emissions and RE certificates."

"We view positively the more stable political climate in Malaysia as this will boost investor sentiment and funding for more RE infrastructure. Samaiden continues to seek opportunities to offer our EPCC services for the installation of solar PV systems as well as solar and non-solar power plants by leveraging on our core competency and experience in providing end-to-end services for potential solar PV and other non-solar projects."

Samaiden has an outstanding orderbook of RM325.40 million as at 30 September 2022 with earnings visibility over the next three years.

Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Propel Global to Acquire 51% Stake in O&G Engineering Firm for RM7.82 Million

KUALA LUMPUR, Dec 8, 2022 – (ACN Newswire) – Propel Global Berhad (Bursa: MAIN, PGB, 0091), provider of oil and gas supporting services such as well services , engineering, procurement, construction and commissioning (EPCC) services, maintenance of heating, ventilation and air-conditioning (HVAC) systems as well as downstream specialty chemicals to the oil and gas (O&G) industry, today announced that the Company has entered into a conditional share sale agreement to buy a 51% stake in Best Wide Engineering (M) Sdn. Bhd. (BWE) for RM7.82 million.

Ms. Angeline Lee, Group Chief Executive Officer of Propel Global

BWE provides engineering and technical works for the O&G industry through engineering, procurement, construction and commissioning (EPCC) of new plants and plant modification works; design and supply of skidded process systems and engineered equipment for onshore plants and offshore platforms and; project management and engineering consultancy services. Its shareholders and directors are Azizi bin Alias (Azizi) with 45.8% equity interest, Jasniazrin Shah Bin Mohd Hata (Jasniazrin) with 44.2% equity interest and Tan Siew Lee (Siew Lee) with 10.0% equity interest.

Propel Global is acquiring the 51% stake from Azizi, who is selling his entire equity interest, and Siew Lee, who is selling 5.2% of his holdings. As part of the share sale agreement, Propel Global has also entered into a put and call option agreement with Jasniazrin and Siew Lee that requires the Company to purchase up to 49.0% of the remaining equity interest in BWE from them and, Jasniazrin and Siew Lee will grant Propel Global the right during the call option period that requires them to sell up to 34.0% equity interest in BWE to the Company.

BWE, which has 15 ongoing contracts with total unbilled contract value of RM21.8 million expected to be realised over the next three years, is guaranteeing a profit of RM2.4 million and RM2.6 million in profit after tax (PAT) for the financial year ended 30 November (FYE) 2022 and FYE 2023 respectively. BWE reported revenue of RM18.6 million and PAT of RM178,000 for FYE2019; RM19.0 million revenue and RM395,000 PAT for FYE2020 and; RM38.5 million revenue and RM2.3 million PAT for FYE2021. Currently, BWE has a tender book of RM41.3 million.

Ms. Angeline Lee, Group Chief Executive Officer of Propel Global said, "The acquisition is in line with the Group's strategy to grow the O&G business through expanding our offerings and enhancing market presence as an O&G engineering services provider. BWE's expertise and experience in EPCC works complements the Group's existing O&G business."

"We believe that combining the core competencies of BWE with the Group would enable the latter to bundle a wider range of service offerings to its customers and provide it with a competitive edge over competitors. The Group will also be able to tap into BWE's existing customer base for cross-marketing opportunities and additional revenue stream."

Propel Global Berhad: 0091 [BURSA: PGB], https://www.propelglobal.com.my/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SCIB Concludes 46th AGM Successfully

KUCHING, MALAYSIA, Dec 8, 2022 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) held the Company's 46th AGM virtually today in which shareholders voted to reappoint NEXIA SSY PLT as the auditor and authorised the directors to fix its remuneration.

Group MD and CEO of SCIB, Encik Rosland bin Othman

Shareholders also passed a resolution authorising the issuance and allotment of shares pursuant to Sections 75 and 76 of the Companies Act 2016 while waiving their pre-emptive rights.

The resolutions to re-elect Dato' Dr. Ir. Ts. Mohd Abdul Karim bin Abdullah and Datu Haji Abdul Hadi bin Datuk Abdul Kadir to the board of directors were not tabled as they retired effective 8 December 2022. Other resolutions passed included the reappointments of eligible directors up for re-election.

Group Managing Director of SCIB, Encik Rosland bin Othman, said, "We are happy to engage with our shareholders virtually in the AGM today and answer their questions. On behalf of SCIB, I would like to thank them for having placed their trust and confidence in us at what has been a challenging period. We would also like to thank both Dato' Dr. Ir. Ts. Mohd Abdul Karim and Datu Haji Abdul Hadi for their years of leadership and dedication to SCIB."

"I can confidently say that the Company is looking forward to 2023 following the measures we have adopted focusing on our strengths and ensuring our resilience in the face of changes in the construction industry."

Among the measures the Company took is a kitchen-sinking exercise pertaining to the recent cancellation of four projects as well as the settlement agreement over six projects in Qatar and Oman. These measures were taken to safeguard the Company's interests. In respect of the cancellation of the five projects, the decision was taken after reviewing and updating the Company's order book records to reflect the current situation while, in respect of the projects in Qatar and Oman, there is no financial impact to the trade receivables.

"In regards to the outlook, as East Malaysia's leading precast concrete and Industrialised Building System (IBS) manufacturer, we expect Sarawak Economic Development Corp's successful tender of the RM448 million System Package Two contract for the Kuching Urban Transportation System project phase one to have positive impact for the state economy while the announcement of the RM50 billion MRT3 project will spur demand for civil engineering services and building materials as well as give a much needed boost to the nation's construction sector."

"We intend to leverage on our strengths as a leading precast concrete and IBS manufacturer to seek opportunities for our engineering, procurement, construction and commissioning (EPCC) business where we specialise in small-to-mid-sized projects for water, electricity, roads, health and education infrastructure. SCIB's geographical scope expanded to Peninsular Malaysia in recent years and we are also seeking EPCC opportunities in neighbouring Kalimantan in which our manufacturing business can play a pivotal role. To ensure business sustainability, we have also adopted technology such as 3D printing for construction as we transform to meet the challenges of the present and the future."

As of 30 November 2022, SCIB has an order book of RM564.7 million with earnings visibility until 2026.

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Deloitte Hong Kong celebrates 50th anniversary and commits to empower 10,000 local secondary school students in the next five years

HONG KONG, CHINA, Dec 7, 2022 – (ACN Newswire) – This year marks the 25th anniversary of Hong Kong's return to the motherland and Deloitte's 50th anniversary in Hong Kong. To celebrate this landmark, Deloitte today announces the launch of a new talent development initiative – INspire HK: Future Ready Talent – with a commitment to empower 10,000 Hong Kong secondary school students in the next five years to become future-ready talent with strong national connectivity and a global vision.

Mr. Patrick Tsang, Deloitte China CEO (Left); Mr. Edward Au, Deloitte China Southern Region Managing Partner (Right)

Mr. Patrick Tsang, Deloitte China CEO

Through a diversified, one-of-a-kind learning experience, INspire HK: Future Ready Talent focuses on boosting local young talent's 'future skills' by enhancing their knowledge of advanced technology and innovation capabilities, equipping them with a global mindset to promote national development.

With the arrival of the digital economy, many countries have in recent years introduced strategies to compete for talent to build an innovative economy. Amid a shortage of talent, the HKSAR Government rolled out a series of aggressive measures in the recent Policy Address to attract high-caliber global talent to Hong Kong, with a view to furthering the development of the 'eight centers' and integration into the national economy, while injecting new impetus into local economic growth and diversification.

Deloitte China CEO Patrick Tsang says, "As a locally-rooted and globally connected integrated professional services organization, Deloitte China has been steadfast in fulfilling our corporate social responsibility to support China's strategy on developing a quality workforce in the new era for robust and sustainable growth."

"Hong Kong is where we laid the foundation for our success today, and we continue to be committed to contributing our strengths to develop the next generation of local talent, and support Hong Kong's future growth and prosperity. In addition to our participation in the HKSAR Government's Strive and Rise Programme(1), with our strong local and global networks, deep market insights, and advanced digital capabilities, INspire HK: Future Ready Talent can become an impactful platform to nurture future-ready young talent for Hong Kong."

An integral part of Deloitte's INspire HK strategy(2), INspire HK: Future Ready Talent supports the development of secondary four to six students through a series of diversified training and learning activities, aiming to help them enhance their international perspectives, understand emerging technologies and business trends, and broaden exposure to work environments across geographies.

Combining theory and practice, the program will offer interactive online and offline learning courses, job shadowing, visits to Deloitte offices in China, as well as Deloitte University in Beijing and its sister institutions around the world.

Besides providing traditional business and financial knowledge, the program will be structured around Hong Kong's 'eight centers' positioning, covering the 'ABCDEF' concepts (AI, blockchain, cloud, data analytics, ESG, fintech, etc) to help students become 'future-ready' talent by strengthening key 'future skills' in sustainable development, innovative technology, and digital.

The program will also help students gain insights into the development and prospects of various markets, while encouraging them to expand their horizons and cultivate creative, multi-perspective thinking to create more future opportunities.

Tsang says, "Established on the concept of 'National Connection. Global Vision. INspiring youth to shape a better future', INspire HK: Future Ready Talent not only demonstrates our commitment to talent development, but also reflects our confidence in Hong Kong and aspiration to create a brighter future for a city that we are proud to call our home for 50 years."

Note:
(1). 'Strive and Rise': Deloitte Foundation Hong Kong uplifts youth for brighter futures | Deloitte China | Newsroom (Deloitte.com)
(2). Deloitte announces HKD1 billion strategic investment in Hong Kong | Deloitte China | Newsroom (Deloitte.com)

About Deloitte China

Deloitte China provides integrated professional services, with our long-term commitment to be a leading contributor to China's reform, opening-up and economic development. We are a globally connected and deeply locally-rooted firm, owned by its partners in China. With over 20,000 professionals across 30 Chinese cities, we provide our clients with a one-stop shop offering world-leading audit & assurance, consulting, financial advisory, risk advisory, business advisory and tax services.

We serve with integrity, uphold quality and strive to innovate. With our professional excellence, insight across industries, and intelligent technology solutions, we help clients and partners from many sectors seize opportunities, tackle challenges and attain world-class, high-quality development goals.

The Deloitte brand originated in 1845, and its name in Chinese denotes integrity, diligence and excellence. Deloitte's professional network of member firms now spans more than 150 countries and territories. Through our mission to make an impact that matters, we help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region.

Please see www.deloitte.com/about to learn more.

Disclaimer

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms or their related entities (collectively, the "Deloitte organization") is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

2022. For more information, please contact Deloitte China.

Contact: Ashley Leung
Tel: +852 2109 5261
Email: asleung@deloitte.com.hk

Contact: Lyanna Chan
Tel: +852 2238 7111
Email: lyachan@deloitte.com.hk

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com