Philippines Achieves Record-Breaking 18% Annual Surge in Hiring Activity for February 2024: foundit Insights Tracker

Manila, Philippines, Mar 28, 2024 – (ACN Newswire) – foundit (formerly Monster APAC & ME), one of the leading talent platforms, today published the foundit Insights Tracker (fit) for February 2024, which was formerly known as Monster Employment Index (MEI). According to the Philippines FIT report, February 24’ recorded an exponential rise in hiring activity, with the index climbing to 150, marking a significant increase from the previous value of 127 registered in February 2023. This surge indicates a substantial leap in hiring activity, highlighting the dynamic growth of the job market.

The tracker recorded an impressive (+13%) rise in hiring activity month-on-month, with January 2023 reflecting an index value of 133. The latest insights from the tracker reveal a remarkable (+17%) growth observed over the past three months, reflecting a dynamic transformation in the recruitment landscape. This transformation is propelled by the rapid integration of emerging technologies, which are reshaping conventional practices and opening new avenues for talent acquisition. It reflects the resilience and adaptability of the Philippines job market amidst shifting technological and economic dynamics.

Commenting on the Philippines job trends for February 2024, Sekhar Garisa, CEO, foundit, said, “The notable increase in hiring activity showcased by the foundit Insights Tracker underscores the resilient and dynamic nature of the Philippines job market. Our findings emphasise the significant influence of emerging technologies on recruitment strategies, indicating a transformative change in talent acquisition methods. In the face of shifting economic conditions, businesses must adapt and harness technological advancements to meet the increasing demands of the workforce effectively.”

The Retail, Education, and Logistics, Courier/Freight/Transportation, and Shipping sectors lead the surge in hiring activity, while the IT, Telecom/ISP, Consumer Goods/FMCG, Food & Packaged Food industries, and Healthcare witness an annual decline in recruitment.

Remarkable growth was observed in 9 out of the 12 monitored industries in February 2024. The Retail sector experienced an extraordinary surge of (+49%) outpacing all other sectors. This surge is attributed to the rise of mobile commerce, fuelled by the increasing adoption of digital payments. Similarly, the Education industry saw a significant increase of (+42%), while heightened demand in social commerce drove a (+36%) surge in hiring within the Logistics, Courier/Freight/Transportation, and Shipping sectors.

However, the IT, Telecom/ISP sector witnessed a notable annual reduction in hiring activity (-21%), although it experienced a (+6%) growth over the last three months. Sectors such as Consumer Goods/FMCG, Food & Packaged Food (-17%) and Healthcare (-4%) reported significant annual decreases in hiring activity in February 2024.

BPO/ITES, BFSI, Production/Manufacturing, Automotive and Ancillary, Hospitality, Engineering, Construction, Real Estate, and Advertising, MR, PR, Media & Entertainment Sectors show positive annual growth trends.

Despite challenges, certain sectors experienced positive annual upticks. Notably, the BPO/ITES sector recorded a (+13%) increase annually, bouncing back with a (+16%) surge in jobs over the previous month.

Additionally, sectors including BFSI (+4%), Production/Manufacturing, Automotive and Ancillary (+8%), Hospitality (+8%) Engineering, Construction, Real Estate (+14%), and Advertising, MR, PR, Media & Entertainment (+16%) exhibited positive growth trends annually in February 2024.

Online recruitment activity surpassed the year-ago level in 7 of the 10 occupation groups monitored by the tracker. Purchase/Logistics/Supply Chain (+50%) professionals witnessed remarkable demand, marking a double-digit growth over the last month. HR & Admin roles (+27%) followed closely with substantial growth, alongside Marketing & Communications job roles (+26%) driven by the rise of personalised marketing strategies.

Despite challenges encountered by specific functions such as Healthcare (-4%) Sales & Business Development (-1%) and Hospitality & Travel (-1%), there was notable growth in Customer Service roles (+17%) that witnessed a significant 16% growth [PS1] over the last month alone. Additional roles experiencing a rise in hiring activity in February’24 include Engineering/Production/Real Estate (+7%), Finance & Accounts (+3%), and Software, Hardware, Telecom (+3%). Particularly, Software, Hardware, and Telecom roles witnessed an 8% growth in the last three months, primarily driven by significant demand in IoT and AI/ML.

The foundit Insights Tracker is a comprehensive monthly analysis of online job posting activity conducted by foundit. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the foundit Insights Tracker (FIT) presents a snapshot of employer online recruitment activity nationwide.

Period for the report

The period considered for the foundit Insights Tracker (FIT) data is February 2023 to February 2024.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has helped over 90 million registered users find jobs, upskill, and connect with the right opportunities across 18 countries. Additionally, foundit has been recognised as a Great Place To Work, reflecting its dedication to fostering a supportive and dynamic work culture.

Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches, and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper and curate opportunities central to the needs and aspirations of each user.

To learn more, about foundit in APAC & Gulf, Visit:
Malaysia: https://www.foundit.my
Philippines: https://www.foundit.com.ph
India: https://www.foundit.in
Gulf: https://www.founditgulf.com
Singapore: https://www.foundit.sg
Hong Kong: https://www.foundit.com.hk
Indonesia: https://www.foundit.id

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

Moderna Achieves Positive Interim Results from Phase 3 Trial of Next-Generation COVID-19 Vaccine

mRNA-1283 induced a more robust immune response compared to Spikevax® COVID-19 vaccine, mRNA-1273.222
Next-generation mRNA vaccine design offers the potential of longer shelf life and storage advantages, and paves the way for combination vaccine against influenza and COVID-19, mRNA-1083

Cambridge, MA, Mar 26, 2024 – (ACN Newswire) – Moderna, Inc. (NASDAQ:MRNA) today announced that mRNA-1283, the Company’s next-generation COVID-19 vaccine, has successfully met the primary endpoints of its Phase 3 clinical trial, demonstrating a higher immune response against SARS-CoV-2 when compared to mRNA-1273.222, Moderna’s licensed COVID-19 vaccine.

“We are excited to announce our fourth infectious disease vaccine program with positive Phase 3 data, further validating our robust mRNA platform,” said Stéphane Bancel, Chief Executive Officer of Moderna. “mRNA-1283 is a critical component of our combination vaccine against flu and COVID-19, mRNA-1083, and this milestone gives us confidence in our ability to bring this much needed vaccine to market.”

In the NextCOVE (NCT05815498) Phase 3 pivotal trial, mRNA-1283 was shown to elicit a higher immune response against both the Omicron BA.4/BA.5 and original virus strains of SARS-CoV-2, compared to mRNA-1273.222. Importantly, this benefit was most acutely seen in participants over the age of 65 years, the population that remains at highest risk for severe outcomes from COVID-19. The most common solicited local adverse event was injection site pain. The most common solicited systemic adverse events included headache, fatigue, myalgia and chills.

The NEXTCove clinical trial is a randomized, observer-blind, active-controlled study of approximately 11,400 individuals aged 12 years and older in the United States, United Kingdom and Canada. mRNA-1283 was found to have a similar safety profile to Moderna’s approved COVID-19 vaccines.

The storage, shelf life and pre-filled syringe presentation of mRNA-1283 could alleviate healthcare provider burden and potentially increase access into new settings to serve public health. A detailed analysis of the Phase 3 clinical trial data for mRNA-1283 will be shared at the Company’s Vaccines Day event on March 27 and presented at upcoming scientific conferences.

About Moderna

Moderna is a leader in the creation of the field of mRNA medicine. Through the advancement of mRNA technology, Moderna is reimagining how medicines are made and transforming how we treat and prevent disease for everyone. By working at the intersection of science, technology and health for more than a decade, the company has developed medicines at unprecedented speed and efficiency, including one of the earliest and most effective COVID-19 vaccines.

Moderna’s mRNA platform has enabled the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases and autoimmune diseases. With a unique culture and a global team driven by the Moderna values and mindsets to responsibly change the future of human health, Moderna strives to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.

Spikevax®is a registered trademark of Moderna.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the potential longer refrigerator shelf life and storage advantages of mRNA-1283 compared to Spikevax; and the ability of mRNA-1283 to maintain effectiveness compared to Spikevax. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading “Risk Factors” in Moderna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC’s website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna’s current expectations and speak only as of the date of this press release.

Moderna Contacts

Media:
Elise Meyer
Sr. Director, Corporate Communications
+1 617-852-7041
Elise.Meyer@modernatx.com

Investors:
Lavina Talukdar
Senior Vice President & Head of Investor Relations
+1 617-209-5834
Lavina.Talukdar@modernatx.com

SOURCE: Moderna, Inc.

Rockbird media Rocks the Debut of Customer Experience Summit Asia, Uplifting Philippine CX Scene

Manila, Philippines, Mar 26, 2024 – (ACN Newswire) – Rockbird media proudly announces the successful debut of its first-ever Customer Experience Summit Asia (CESA) on March 21, 2024, at Shangri-La The Fort, BGC. The summit, themed “Trailblazing The Future of Philippine Customer Experience,” addressed the critical challenges facing businesses in delivering exceptional customer experiences amidst the region’s burgeoning digital transformation.

Notable event highlights included engaging sponsor booths, keynote addresses, interactive breakout sessions, one-to-one meetings, and a compelling closing panel discussion. Additionally, there was a gamification sponsored by Winery.ph, where attendees had the chance to win wine through a raffle, adding an exciting and interactive element to the event.

Cynthia Mamon, COO of Enchanted Kingdom stated, “We all know that the experience is that every attraction should appeal to our senses, even spiritual senses,” which perfectly captures the essence of Rockbird media’s CESA 2024. This quote resonates throughout the event, emphasizing the importance of engaging all aspects of human experience. In the Philippine customer service landscape, businesses often struggle to keep up with changing customer needs. CESA 2024 aims to change that by bringing together industry leaders to share ideas and find new ways to improve customer experiences.

The success of CESA 2024 is underscored by the enthusiastic testimonials of attendees, such as:

“Reflecting on the inspiring discussions at the #CESA2024, where we explored new avenues for elevating customer satisfaction. Many thanks to Rockbird media for hosting such an engaging event! Leveraging this knowledge at Payments Consulting Network for us to build stronger business connections and relationships,” said Joan Ko, Payments Consulting Network.

“Honoured to stand as the representative of our company at the groundbreaking 1st Customer Experience Summit Asia (CESA) 2024, thoughtfully organized by rockbird media. Attended by Presidents, VPs, AVPs, COOs, CEOs, and CFOs from across different industries,” said Eddiewin Pineda, (California Clothing, Inc.).

Rockbird media extends its sincerest appreciation to all attendees, sponsors, speakers, and media partners whose unwavering support was instrumental in making the inaugural CESA 2024 a resounding success. Their contributions have paved the way for meaningful transformations within the Philippine CX landscape.

CESA 2024 has emerged as a pivotal milestone in driving transformative change, offering actionable insights to empower businesses in navigating the complexities of an increasingly customer-centric era. As organizations embrace innovation and collaboration, they are poised to thrive and succeed in meeting the evolving needs of today’s consumers.

For more event updates or interested in having tailored events kindly visit: https://rockbirdmedia.com/

About rockbird media

Rockbird media is an international business media company that produces B2B events and offers business solutions.

Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.

For more information, contact lyra@rockbirdmedia.com.

ALO Collaborates with The Education University of Hong Kong

HONG KONG, Mar 26, 2024 – (ACN Newswire) – ALO Parent Education App/Digital Platform (ALO) is collaborating with The Education University of Hong Kong (EdUHK) to provide greater support for students with special educational needs (SEN) and their parents. Celebrating its one-year anniversary, ALO has announced significant system updates and an expansion of its content, including collaboration with the Hong Kong Police Force to promote child protection messages. To mark this momentous occasion, ALO organized the “ALO and EdUHK Collaboration ” Launch Ceremony and Inaugural Seminar. The event not only unveiled the scope and direction of the collaboration with EdUHK but also featured accomplished professionals from the education sector sharing insights on different topics, including the application of artificial intelligence (AI) in the field of education. Representative from the Hong Kong Police Force was also present to promote child protection messages. Distinguished guests in attendance included Mr. Jeff SZE Chun Fai, JP, Under Secretary for Education; Professor Kenneth SIN Kuen Fung, MH, EdUHK; Ms. YU Hoi Kwan, Chief Superintendent of Police (Crime Support); Mr. Eugene FONG Yick-jin, Chairman of Committee on Home-School Co-operation; Mr. Henry TONG Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute; Dr. Kevin YUNG Wai Ho, EdUHK; and Mr. CM CHUNG, Principal of Shanghai Alumni Primary School, among others.

CHOI Man-Kwan, JP, District Officer (Kowloon City); Mr. Fletch CHAN Wai-wai, Director of Information Service; Mr. Percy LEUNG Tsz-Kin, District Commander (Shatin) of Police; Professor Kenneth SIN Kuen Fung, MH, EdUHK; Mr. Peter TSANG Cheung, JP, the founder of ALO; Mr. Jeff SZE Chun Fai, JP, Under Secretary for Education; Ms. YU Hoi Kwan, Chief Superintendent of Police (Crime Support); Mr. Wong Chin Ho, Deputy Division Chief of the New Territories Sub-office of the LOCPG; Mr. Stephen Law Cheuk Kin, JP, CPPCC National Committee Member; Mr. Henry Tong Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute

The officiating guest, Mr. Jeff SZE Chun Fai, JP, Under Secretary for Education, expressed, “I am pleased to attend the ‘ALO and EdUHK Collaboration’ Launch Ceremony and Inaugural Seminar, and also celebrate ALO’s first anniversary. It is gratifying to witness the continuous improvement of the ALO Parent Education App/Digital Platform over the past year, as well as its efforts to connect with more schools to expand services and enhance the quality of parental education in Hong Kong. Additionally, I am delighted to see the collaboration between ALO and EdUHKm that enables parents to systematically learn effective parenting methods and knowledge through the digital platform. I would like to take this opportunity to sincerely thank the ALO team and EdUHK for their ongoing efforts and contributions to parental education.”

“ALO utilises artificial intelligence technology and combines it with the expertise and experience of the EdUHK team. For parents of students with special educational needs, the journey of parenting is never smooth. The Education Bureau attaches great importance to parental education. The care and love of parents, along with the guidance and support of schools, are crucial for nurturing children’s growth. The Education Bureau is committed to supporting parents with diverse needs, including initiatives such as the “Smart Parent Net” information platform and the “SENSE” website. These platforms provide essential information for supporting students’ physical and mental development, as well as practical information and videos to assist parents in caring for children with special educational needs, helping them establish a positive parent-child relationship and promote children’s overall development. The successful implementation of parental education relies on the support and collaboration from various stakeholders. The collaboration between ALO, EdUHK, and the Hong Kong Police Force serves as a testament to the importance of interdisciplinary and cross-professional cooperation. In the days ahead, I hope that we can continue to work together to enhance society’s emphasis on parental education, creating a joyful and healthy learning and growth experience for children, enabling them to enjoy learning, unleash their potential, and fully develop their strengths,” Jeff added.

Mr. Peter TSANG Cheung, JP, the founder of ALO, delivers welcome speech at the event.

Mr. Peter TSANG Cheung, JP, the founder of ALO, stated, “Since its launch in 2023, ALO has been serving for a year. I would like to express my gratitude to all colleagues for their hard work, as well as the support and encouragement from the society. ALO has achieved significant milestones during this time. We have garnered participation from over 100 schools and received positive feedback from principals and teachers responsible for parent education, who are eager for the speedy activation of ALO. We are committed to continuously gathering feedback and improving the platform’s content quality and quantity, enhancing functionality and user experience, and expanding our range of services. In the upcoming enhanced version, ALO 4.0, we will introduce new categories such as ‘Special Education,’ ‘National Education,’ and ‘Law-abidingness Education.’ Through collaborations with various partners, we aim to provide more authoritative content. Notably, ALO will collaborate with EdUHK to launch the Parent Education and Special Education Certificate Course. We are also grateful for our collaboration with the Hong Kong Police Force in promoting child protection messages to the public. Looking ahead, we anticipate ALO’s continued engagement with diverse sectors of society in creating a happier and more nurturing environment for the next generation.”

Collaboration with EdUHK to launch Parent Education and Special Education Certificate Courses, seizing the “golden period” to provide support for SEN Students

To better support SEN students, it is essential to identify and intervene during the critical “golden period” between the ages of 3 and 6. Accessing support services early on greatly enhances their integration into the mainstream education system. However, the demand for SEN support services currently surpasses the available supply in Hong Kong. Consequently, parents face significant pressure and may experience emotional difficulties due to the caregiving responsibilities involved. In this collaboration, EdUHK is supporting ALO to address the unique learning needs of SEN students. Together, they are launching Parent Education and Special Education Certificate Course, which aims to provide tailored support to SEN students and facilitate their seamless integration into the mainstream education system.

Professor John LEE Chi Kin, JP, President of EdUHK, delivers speech on the collaboration with ALO at the event.

Regarding this collaboration, Professor John LEE Chi Kin, JP, President of EdUHK, expressed, “In the process of children’s holistic development, parents play a crucial role. Currently, the EdUHK’s teacher training programs also cover topics related to parent education, including communication with children, parent-school cooperation, and parental support. At the same time, EdUHK is actively developing various educational resources, such as e-learning materials for special education, to assist parents in teaching their children at home. I am delighted that the EdUHK team from the Institute of Special Needs and Inclusive Education (ISNIE) will collaborate with ALO to provide information and training on special education. This collaboration will enable parents to better understand their children’s needs, abilities, interests, and aspirations, fostering their growth in a positive environment. I sincerely wish for the steady development of the collaboration between EdUHK and ALO, jointly promoting parent education and the holistic development of students.”

Seminar centered around two key topics: the application of AI in education and how to create an ideal environment for children’s growth

ALO’s inaugural seminar focused on two key topics: the application of AI in education and creating a better growth environment for children to unleash their potential. The development of AI has brought revolutionary changes to our daily lives, and ALO, as an easy-to-use and digitally-driven interactive platform, keeps up with the times by actively incorporating AI elements to enhance content quality and comprehensively address the challenges of parenting and education in Hong Kong. During the seminar, ALO showcased examples of AI applications, such as the introduction of a virtual teacher avatar function and an AI-powered video generation platform. These innovations significantly reduce teachers’ workload, enhance students’ learning motivation, and greatly increase teaching flexibility. For instance, teachers no longer need to regularly record videos for students learning at home. Instead, they can simply input the content and generate videos using generative AI. Dr. Kevin YUNG Wai Ho from EdUHK demonstrated how artificial intelligence can facilitate self-directed learning at the event.

Guest speakers at the sharing session includes (From left to right): Mr. Henry TONG Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute; Mr SAU Hang-chor, Principal of Sam Shui Natives Association Lau Pun Cheung School; Ms. KAN Shuk-Ching, Principal of ELCHK Ma On Shan Lutheran Primary School; Mr. Paul CHEUK Tak-Kan, Principal of Tung Wan Mok Law Shui Wah School; Mr. CHEN Tak-Nam, Principal of Hoi Ping Chamber of Commerce Secondary School; Mr. Alan LAI Chun-Wing, Principal of HKTA The Yuen Yuen Institute No.3 Secondary School; Mr. CHU Ka-Tim, Principal of Shatin Pui Ying College; Mr. Eddie LAM Tak-Yuk, Principal of Tseung Kwan O Methodist Primary School; Ms. LI Wai-Man, Principal of S.K.H. Kindly Light Church Holy Carpenter Kindergarten Nursery; and Mr. Eugene FONG Yick-jin, Chairman of Committee on Home-School Co-operation.

Dr. Kevin YUNG Wai Ho, from EdUHK, discussed the role of AI in instructional transformation, stating, “Artificial intelligence brings significant autonomous motivation to students in teaching. Its advantages include providing personalized instruction, adaptive learning, 24/7 availability of services, supporting the role of teachers, meeting the needs of non-mainstream and special education, avoiding human bias, and providing real-time feedback/actions.” Dr. Kevin Yung also mentioned that he has personally witnessed the impressive generation of AI virtual characters, whose lip movements and body gestures are very natural. This has made him look forward to the greater contributions that ALO can make in education in the future.

The AI avatar of Dr. Kevin YUNG Wai Ho, from EdUHK, generated by ALO using artificial intelligence.

Mr. CM CHUNG, Principal of Shanghai Alumni Primary School, shared practical examples of AI integration in teaching and expressed, ” Shanghai Alumni Primary School has been implementing ALO for some time, and indeed, artificial intelligence brings revolutionary new learning modes and educational methods, providing practical assistance for school operations. Teachers can pre-record videos, input text content, and automatically generate videos with teaching presentations, significantly reducing time costs. For students with special educational needs, the teaching pace or replay can be adjusted according to their needs and absorption abilities. Particularly during the peak of influenza season, even if teachers are absent due to illness, substitute teachers can easily access teaching materials from the intranet, ensuring smooth progression of the curriculum.”

Professor Kenneth SIN Kuen Fung, MH, from EdUHK, shared insights on assisting underprivileged students in unleashing their potential, remarking, ” In recent years, Hong Kong adopts a dual-track mode in providing special education, resulting in an increasing number of students with SEN attending mainstream schools. In fact, many SEN students have exceptional talents. For example, a few years ago, an autistic athlete represented Hong Kong in the Special Olympics and won a gold medal. The truth is that many students have untapped talents, and with the use of technology, they can be discovered and nurtured, benefiting more students, schools, and teachers.”

Additionally, the event invited eight principals from kindergartens, primary schools, secondary schools, and special schools participate in sharing session. They shared their views on how parents and schools can collaborate to create a better growth environment for children, including Mr. Henry TONG Sau-Chai, MH, JP, Vice Chairman of HKTA The Yuen Yuen Institute; Mr SAU Hang-chor, Principal of Sam Shui Natives Association Lau Pun Cheung School; Ms. KAN Shuk-Ching, Principal of ELCHK Ma On Shan Lutheran Primary School; Mr. Paul CHEUK Tak-Kan, Principal of Tung Wan Mok Law Shui Wah School; Mr. CHEN Tak-Nam, Principal of Hoi Ping Chamber of Commerce Secondary School; Mr. Alan LAI Chun-Wing, Principal of HKTA The Yuen Yuen Institute No.3 Secondary School; Mr. CHU Ka-Tim, Principal of Shatin Pui Ying College; Mr. Eddie LAM Tak-Yuk, Principal of Tseung Kwan O Methodist Primary School; Ms. LI Wai-Man, Principal of S.K.H. Kindly Light Church Holy Carpenter Kindergarten Nursery; and Mr. Eugene FONG Yick-jin, Chairman of Committee on Home-School Co-operation.

ALO’s enhanced 4.0 version features a collaboration with the Hong Kong Police Force to promote child protection messages and advocate for the well-being of parents.

ALO has continuously gathered feedback and expanded its service coverage, this includes collaborating with different government departments and university institutions to provide authoritative content, aiming to assist parents in various situations within the community. In response to the latest educational needs, ALO enhanced its 4.0 version by introducing the categories of ‘National Education’ and ‘Law-abidingness Education.’ Simultaneously, ALO collaborates with the Hong Kong Police Force to provide the latest information, such as Crime Prevention Alerts, and also promote messages related to child protection to the general public.

Ms. YU Hoi Kwan, Chief Superintendent of Police (Crime Support), expressed her thoughts on the collaboration, stating, “I am delighted to collaborate with ALO through the ‘Crime Alerts Network (CAN)’ and ‘SafeCity Ambassadors’ initiatives, providing the platform with the latest crime prevention and child protection information. ALO’s lively and engaging animations enhance public awareness of law-abidingness, allowing parents to familiarize themselves with legal knowledge and methods of seeking assistance in child protection. This collaboration complements the work of law enforcement agencies, working hand in hand to promote the safety and well-being of children.”

According to the Curriculum Framework on Parent Education by the Education Bureau, the four major categories of parent education include “Understanding of Child Development,” “Promotion of Healthy, Happy and Balanced Development of Children,” “Promotion of Parents’ Physical and Psychological Well-being,” and “Fostering Home-school Co-operation and Communication.” However, the aspect of “Promotion of Parents’ Physical and Psychological Well-being” is often overlooked. Recognizing this, ALO is committed to incorporating content in this category into its platform. Mr. Peter TSANG Cheung, JP, the founder of ALO, also shares his experience in practices such as “Stake-Standing” and Tai Chi Chuan, which he has cultivated over the years, through the ALO mobile application, aiming to promote the physical and mental well-being of the public, including parents, principals, teachers, and students.

Looking ahead, Mr. Peter TSANG Cheung, JP, the founder of ALO, stated, “As an educator, one of the most important principles is to keep pace with the times and ensure that students acquire knowledge and skills that meet the needs of the era when they enter society. ALO, as an educational platform, has never stopped improving the quality and quantity of its content, optimizing functionality and user experience, and expanding its service coverage. We aim to provide the necessary assistance to parents facing various situations in society, enabling the next generation to grow up in a joyful and happy environment. In the future, ALO will stay true to its original mission of ‘Unite Hong Kong to Support Parents ; Build a Prosperous Society Through Positive Parenting,’ contributing to the construction of a prosperous society in Hong Kong!”

Photos download: https://bit.ly/3vf46x6

About ALO

Established in 2021, ALO is Hong Kong’s first parent education digital app/platform system launched by the non-profit organization Children Social Network (CSN). Based on the Curriculum Framework on Parent Education launched by the Education Bureau (EDB) for kindergartens and primary schools, ALO creates authoritative, systematic as well as interesting multimedia positive parenting information, providing a holistic support for the promotion of parent education. The content covers four major aspects “understanding of child development”, “promotion of healthy, happy and balanced development of children, “promotion of parents’ physical and psychological well-being” and “fostering home school cooperation & communication.”

Supported by a team of education professionals responsible for planning, producing, supporting, and supervising the multimedia content for parent education, ALO responds flexibly to the need of modern parents on raising children, and offers a new space for home-school interaction, communication as well as experience sharing for local schools and parents. Together with different industry sectors, ALO is committed to working towards the future of children.

This press release is issued by Strategic Communications Consultants Limited on behalf of ALO. For any enquiries, please contact:

Strategic Communication Consulting Services Limited (SCC)

Andico Tsui

Tel: 2114 4346 / 6902 3831

Email: andico.tsui@sprg.com.hk

Fax: 2114 0880

DC Healthcare Continues Growth Momentum with Second DC Body Outlet Opening in USJ Taipan

KUALA LUMPUR, Mar 25, 2024 – (ACN Newswire) – DC Healthcare Holdings Berhad (“DC Healthcare” or the “Group”), an aesthetic medical services provider specialising in the provision of non-invasive and minimally invasive procedures, continues the Group’s growth momentum to announcing the opening of the latest DC Body outlet in USJ Taipan. This opening mark a significant stride in DC Healthcare’s mission to make superior aesthetic and wellness services more accessible while continuing to cater to the diverse needs of its growing clientele.

Managing Director of DC Healthcare, Dr. Chong Tze Sheng

DC Body – USJ Taipan represent an innovative leap for DC Healthcare, extending the Group’s offerings into specialised weight management, personalised nutrition counselling and body contouring. DC Body – USJ Taipan is designed in harmony with the Group’s philosophy of personalised, holistic care, developed in collaboration with esteemed medical professionals from Dr. Chong Clinic and certified nutritionists. By integrating cutting-edge technology with tailor-made wellness programs, DC Body aims to redefine the wellness journey for individuals seeking comprehensive body care and transformative health solutions.

Dr. Chong Tze Sheng, Managing Director of DC Healthcare expressed his enthusiasm for the Group’s expansion, “We are thrilled to introduce our DC Body centres, broadening our spectrum of health and aesthetic services. This expansion into USJ Taipan not only demonstrates our commitment to excellence and innovation but also signifies our response to the growing demand for holistic aesthetic and wellness solutions. We believe in empowering our clients on their journey to wellness and aesthetic, and the new outlet is a testament to our dedication to providing comprehensive, client-centered care.”

As DC Healthcare continues to extend its geographical reach, the strategic placement of new outlets is anticipated to significantly contribute to the Group’s growth trajectory. With a steadfast commitment to quality, innovation, and patient satisfaction, DC Healthcare is well-equipped to lead in the ever-evolving landscape of aesthetic medicine and wellness, promising a future where aesthetic and health go hand in hand.

DeepGlint Igniting AI Aspirations amongst Malaysian New Generation

KUALA LUMPUR, Mar 25, 2024 – (ACN Newswire) – China listed company DeepGlint Technology Co. Ltd., (“DeepGlint” or the Group”), the first visionary artificial intelligence (“AI”) listed on the Shanghai Stock Exchange, conducted a seminar in collaboration with Tunku Abdul Rahman University of Management and Technology at Setapak (“TAR UMT”) to introduce the advancement of DeepGlint’s AI technology to 120 computer science students.

Deep Glint Group Photo with Students: [L-R] Zhou Rui (DeepGlint Technology Co., Ltd. CTO); Pakern Wong (DeepCore Technology Sdn Bhd, Director); Representative of DeepGlint Technology Co., Ltd.); Zhao Yong (DeepGlint Technology Co., Ltd. CEO); Dr. Wong Thein Lai (Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT); Ng Jun Lip (DeepCore Technology Sdn Bhd, Founder); Representative of TAR UMT

Token of appreciation presentation: Dr. Wong Thein Lai (Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT); Zhao Yong (DeepGlint Technology Co., Ltd. CEO)

DeepGlint, a frontrunner in AI, computer vision, and big data analysis, showcased the Group’s innovative solutions across various domains, including the metaverse, intelligent sports, and traffic management. The seminar provided a platform for students to gain insights into cutting-edge technologies and the company’s impactful projects. The event marked a significant step towards strengthening Malaysia’s foothold in the global AI landscape, aligning with Malaysia’s vision for greater talent exchange with China.

In a pivotal move, DeepGlint also announced the cooperation with a Malaysian AI company, DeepCore Sdn. Bhd. (“DeepCore”). In a combined effort, both companies will focus on leveraging local talent and resources to further advance AI technologies and solutions, reinforcing Malaysia’s strategic role in the global technology ecosystem.

DeepCore, is currently exploring with TAR UMT to recruit students for a talent exchange program where the selected students will undergo training and hands-on experience within a mature AI business environment at DeepGlint’s headquarter in Beijing, China. Successful candidates will be given full-time employment with DeepCore or be granted scholarships for further education.

Mr. Zhao Yong, Founder and Chief Executive Officer of DeepGlint said, “We are pleased to see so many talents in Malaysia. DeepGlint is committed to empowering young minds and bridging the gap between academia and industry. Our partner, DeepCore is a testament to our belief in Malaysia’s potential as a key player in the AI revolution across the ASEAN and the Middle Eastern market. The talent exchange program will allow us to find talents and at the same time, to contribute to the AI development in Malaysia and ASEAN.”

Dr. Wong Thein Lai, Deputy Dean of Research and Development at the Faculty of Computing and Information Technology cum Assistant Professor of TAR UMT added, “The seminar with DeepGlint was an eye-opening experience for our students, providing them with a rare glimpse into the future of technology and their place within it. We are grateful for this opportunity and the prospects for the future it presents for our students’ professional growth.”

The Executive Centre Unveils its Newest Centre at JP Tower in Tokyo, Japan

Japan, Mar 20, 2024 – (ACN Newswire) – The Executive Centre (“TEC”), the leading premium flexible workspace provider that serves more than 47,000 Members in 34 cities across Asia-Pacific and the Middle East, announces the grand opening of its latest centre at JP Tower in Tokyo. Strategically situated adjacent to Tokyo Station in the Marunouchi district, JP Tower stands as an iconic landmark renowned for its seamless blend of contemporary sophistication and preserved historical heritage.

The JP Tower Centre marks a significant milestone as TEC’s tenth establishment within the vibrant landscape of Tokyo and Yokohama. Boasting an optimal location and impeccable design, the JP Tower Centre exemplifies sophistication and modernity, offering businesses an exceptional workspace experience sprawling across an expansive floor space of over 24,000 sq ft. This new centre opening is a testament to the consistently high demand and occupancy rates of around 90% throughout TEC centres across Japan.

Located on the fourteenth floor, one of the standout features of the JP Tower Centre is the lounge area, offering panoramic views of Tokyo Station through expansive windows. The lounge area is designed with a corporate and upscale ambiance, featuring a tasteful colour palette and premium materials. At its heart is a fully stocked bar area, where Members can enjoy a curated selection of premium coffees, alcoholic beverages, and delectable food items. The lounge area, furnished with Timothy Oulton furniture renowned for its vintage designs, creates an environment that exudes both comfort and sophistication, fostering networking and collaboration among Members.

Adjacent to the lounge is a dedicated coworking area that provides a tranquil setting for focused work. This thoughtfully designed space offers a diverse array of seating styles, catering to various working preferences. The incorporation of natural aesthetics, such as wooden accents and touches of greenery create a harmonious environment that enhances productivity and well-being.

Moreover, the JP Tower Centre boasts well-designed meeting rooms, including a spacious boardroom that comfortably accommodates up to 14 people. These meeting rooms are equipped with state-of-the-art technology, including Magic Glass walls that seamlessly transition between transparent and opaque states, ensuring privacy and convenience during presentations or confidential discussions.

The private office spaces within the JP Tower Centre offer unparalleled panoramic views, spanning from Tokyo Station to the Imperial Palace. Each unit is meticulously curated with signature elements of The Executive Centre, including ergonomic Herman Miller chairs and state-of-the-art 9am height-adjustable automatic standing desks. Security and convenience are prioritised with Salto Bluetooth locking systems on the doors, ensuring the utmost safety and ease of access for occupants.

“We are delighted to open our newest centre at JP Tower in Tokyo,” said Hiroteru Nin, Country Director of Japan at The Executive Centre. “With its prime location, remarkable design, and exceptional facilities, the JP Tower Centre is poised to provide businesses with a prestigious and productive workspace. We are committed to delivering the highest standards of service and creating an environment that fosters success for our clients.”

The opening of the JP Tower Centre reinforces The Executive Centre’s position as the leading provider of premium flexible workspace solutions in Asia. With its range of amenities and flexible workspace options, the centre is poised to meet the diverse needs of businesses looking for a prestigious and well-equipped workspace in the heart of Tokyo.

About The Executive Centre

The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 200+ Centres in 34 cities and 15 markets. It is the third largest serviced office business in Asia.

The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.

Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business’ needs.

www.executivecentre.com

Press Enquiries
The Executive Centre
Pebble Lee
Pebble_lee@executivecentre.com / +852 3951 9888

Raychem RPG achieves significant milestone to facilitate faster execution in electricity distribution projects with its ‘Make India’ initiative

NEW DELHI, Mar 19, 2024 – (ACN Newswire) – Raychem RPG, established in 1989, is a 50:50 joint venture between TE Connectivity, U.S.A., and RPG Enterprises, India. Raychem RPG is the imprint of a successful Indo-US bilateral relationship that has lasted for nearly four decades, the longest of its kind.

Raychem RPG has added another significant feather to its already decorated portfolio, by completing the very stringent, yearlong Pre-Qualification (PQ) test protocols, at Central Power Research Institute (CPRI) for its 245KV cable accessories manufactured in India.

CPRI has now approved its 245 KV, Extra High Voltage Cable Accessories (EHVCA) for usage in India for different projects, which are so far dependent on imports from Europe. This marks a significant milestone and achievement, catapulting Raychem RPG to unprecedented heights within the EHVCA product portfolio.

Raychem RPG is the only organisation among its peers to have received the PQ test report following a rigorous process that took over a year to complete. The bagging of the test report also bears testimony to Raychem RPG’s hitherto unheralded technical and technological prowess in the area and the success of the “Make in India” initiative.

This success will enhance the acceptability of Raychem RPG’s 245kV cable accessories not only in the Indian markets but also in SAARC countries, namely Bangladesh, Nepal, and Srilanka where many infrastructure projects are currently ongoing, and this will significantly help in better project management. The product, belonging to the EHVCA category, is produced in the JV’s Halol plant in Gujarat using world class material. Raychem RPG’s product will now receive widespread acceptance across the country. India will no longer have to rely on imports to meet the growing domestic demand, which was entirely met through imports.

Commenting on the development, Mr Vivek Venkatachalam, CEO of Raychem RPG, said, “With unwavering dedication, we strive to champion the Make in India initiative and actively contribute to advancing our nation’s progress and self-reliance.”

Adding to this Mr. Sankara Raman, Sr. VP – Operations & Technology of Raychem RPG said, “Engineering excellence is not just a goal; it’s a commitment to pushing boundaries and ensuring our product development & testing capabilities reflect the forefront of innovation. At Raychem RPG, we embraced the challenge of EHVCA with unwavering dedication and the recent attainment of the PQ test report for our 245kV cable accessories marks a significant milestone that will undoubtedly propel Raychem RPG to unprecedented heights within the EHVCA product portfolio.”

Mr. Tamal Kanti Saha, Sr. VP and Head – Global Sales & Marketing, Raychem RPG commented, “As we continue in the journey of self-reliance & ‘Make in India’ initiative a success, we stand determined to support all our customers and large infrastructure projects, with our commitment in delivering world-class products with speed, affordability, and unwavering reliability. With comprehensive installation and after-sales services, coupled with manufacturing warranty, we pave the way for faster project execution and unparalleled peace of mind in every infrastructure project in India and SAARC countries wherever EHVCA are currently used through costly imports with long lead time and associated execution challenges.”

Besides Halol, Raychem RPG’s operation facilities are located at Vasai, Chakan, and Naigaon in Maharashtra, India. All the facilities are covered under a multi-site certification to management systems, thus providing the company with one platform to carry out good management practices across locations without diluting the focus of each plant.

About Raychem RPG:

A Joint Venture between TE Connectivity, U.S.A. and RPG Enterprises, India, Raychem RPG has the distinction of being one of the longest, most successful joint ventures in India for nearly four decades. Raychem RPG caters to the infrastructure segment of multiple industries. Its pioneering technologies provide solutions for various businesses in the domestic and global markets. The company caters to segments such as Cable Management & Connection Systems, Asset & Theft Protection Systems, Loss Reduction Systems, Electrical Safety Products, Energy Efficient Transformers, Gas Flow Metering and Manufacturing Processing Outsourcing.

For media inquiries, please contact:

Raychem RPG: Anuneha Sinha, Global Lead – Communications, +91-8879114246, Email address: Anuneha_Sinha@raychemrpg.com

Website: https://www.raychemrpg.com/

Eight tips for choosing a domain name for your small business

SINGAPORE, Mar 15, 2024 – (ACN Newswire) – Choosing a domain name for a small business requires careful consideration, as it is often the first thing people see about your business. The domain name of a business is often considered a piece of real estate on the internet, or your business home on the web. It is core to the digital presence of your business.

GoDaddy shares eight tips to help select a domain name that is right for your business and can serve you for years to come.

1. Keep it simple

The first rule of choosing a domain name is to keep it simple. If your domain name has an unusual spelling or is difficult to type, chances are people could mis-spell your domain name and not find you on the internet. Use proper spellings for words, instead for example of using ‘u’ for ‘you’ or ‘c’ for ‘see’. If you have to explain how to spell your domain name, then it might be too confusing.

2. Shorter is better

Consider aiming for six to fourteen characters to the left of the dot. The fewer characters your domain name has, the easier it will be to type, say and share. There is also less risk of losing visitors who might mistype or misspell it.

This also allows more of the URL address to show up in search engine list results, which can help customers quickly find your website.

3. Add keywords to your domain name

Using keywords that describe your business and the products or services you offer can make it easier to recognize the nature of your business.

For example, if you run a specialized cake business, you might want to register a domain name with the words “specialized” and “cakes” in it, depending on your business name. Try to Include keywords that people might enter when searching for your product or service can help improve your search engine results.

4. Mention your location

You may want to consider including your location in your domain name, by choosing a domain name extension for your location, like a .ph. or a .sg domain name, shows customers that you are a business located in the country. This can be important for customers who would like to do business with companies located in their country.

Whether you add your location before or after the dot, customers will be able to find you geographically more easily. They will know quickly they are dealing with someone based locally and supporting a local business.

5. Avoid numbers and hyphens

Numbers and hyphens can easily cause confusion. People who heard your domain spoken might not immediately known if you are using a number, or whether the number is spelled out as a word.

Likewise, if you used a hyphen, customers could forget the hyphen and mistype your URL. Or they would remember the hyphen but put it in the wrong place. Either way, the result is the same, a potential customer lost because they could not find your website.

6. Make it unforgettable

With so many businesses online, there is a lot of competition out there. So having a catchy and memorable domain name is essential. An easy-to-remember custom domain name will help to encourage word-of-mouth advertising and help spread your brand faster. If you cannot get your domain name down to one memorable word, you might want to think about joining two words together.

7. Consider all your domain name options

The internet’s been around for decades, but there’s still a strong bias towards choosing a .com domain name extension. So, if you can, you can try and register a .com domain address.

But if the .com domain name you want isn’t available, there are a variety of industry-specific domain extensions available, such as .co, .net, .org, .online and .news. There are also extensions that can clearly show the nature of the business such as .photography, .shop, .coffee and .club.

8. Safeguard your brand

To help further protect your brand, consider registering your domain name with various domain extensions, as well as misspelled versions of your domain name, if you think that might be helpful. This can help to prevent competitors from registering different versions of your domain name, and then using them to pull traffic away from your website.

Once you have found the perfect domain name(s) for your business, it is important to check that the name is not trademarked or copyrighted by another company. It can also help to check that the domain name you want is available on social media sites, by checking social media networks to make sure the name is not already taken, and helpful to have the same name across your website and social platforms for consistency.

And finally, be sure to keep your domain names current and registered, as you do not want the registrations to lapse. Providers, like GoDaddy, offer automatic renewals for domain names to help ensure they do not expire.

Take your time and do it right and your domain name will be a proud representation of your business for many years to come.

For more information on how GoDaddy can help your small business: Domain Names, Websites, Hosting & Online Marketing Tools – GoDaddy IE

About GoDaddy

GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, attract customers, sell their products and services, and accept payments online. GoDaddy’s easy-to-use tools help microbusiness owners manage everything in one place and its expert guides are available to provide assistance 24/7. To learn more about the company, visit www.godaddy.com.

Issued on behalf of GoDaddy.
For more information, contact:
Fekra Communications
info@fekracomms.com

Muangthai Capital Elevates to World Class Status as Premier Thai Microfinance Institution

BANGKOK, Mar 13, 2024 – (ACN Newswire) – Mr. Parithad Petampai, Deputy Managing Director of Muangthai Capital, a leading player in the microfinance sector, recently shared his visionary insights on propelling the company towards global recognition as a world class Thai microfinance institution.

How has the company changed since going public a decade ago?

It has changed. We would say around 30% has shifted, but 70% remains consistent with the core of our business operations. We’ve maintained our focus on core services such as secured loans, including motorbike, car, and land title loans, which have been the backbone of our business for over 30 years. The introduction of unsecured loans post-IPO is a notable addition, but it hasn’t overshadowed our primary offerings. Instead, we’ve aimed to enhance the effectiveness of our products and overall operations, with a focus on sustainable growth and increased profitability in the long run. The fundamental aspects have largely stayed the same, but there have been adjustments that contribute to a more standardised and sustainable approach. This has directly enhanced our competitiveness in the long term. The key changes lie in refining processes and structures to foster growth and profitability over immediate gains.

How do you still know your customers well even though your business is larger?

A decade ago, we only had 500 branches, people believed that the limit was 1,000 branches as Commercial Banks were closing branches, that it would not make sense to open branches and that FinTech was the future, as our industry was considered outdated and risky, but we remained steadfast and focused on our core business.

We expanded branches to 7,600 nationwide. We witnessed an incredible journey, moving from 400,000 to 3.5 million active customers. If we account for dropouts, that figure would surpass 5 million. It’s been nothing short of amazing. We’ve stayed true to our methods, demonstrating consistent growth. While others focus elsewhere, we’ve capitalized on this opportunity, leading to our current success.

Our approach to business set us apart, our focus on our customers, our employees, and purely focusing on this segment has allowed us to scale with a loan book over 100 billion baht. Now, as the industry garners interest from various sectors, including commercial banks, our resilience and performance stand as a testament to our enduring approach.

How do you manage to outperform others in the industry?

Momentum. The momentum in business is very important, we have seen how some companies come and go in our industry, in the technology industry, in the finance industry, new entrants, price wars and so forth, but it is the ones that maintain their momentum that continue to do well. This is why we focus on sustainability. While it may sound simplistic, our vision extends beyond short-term gains to a horizon of 20 years. We are not driven by quarterly or yearly targets. My objective is to build a company that will thrive for generations to come. This means prioritising sustainable growth over immediate profits.

Can you elaborate on how you achieve this?

Absolutely. Some competitors prioritize short-term gains and resort to aggressive sales tactics, we believe in a customer-centric approach. We only offer products that our customers genuinely need, at the lowest possible rates. You may visit our branches and observe for yourself, we are not selling anything more than our customers require. Over time, this commitment to service excellence and fair pricing has earned us a reputation as the industry leader. We rely on word of mouth rather than flashy advertising to attract and retain customers. Just as important are our employees, they are members of the team, compensated above the industry average, our incentives are focused on sustainable growth and not we are just in it for short-term gains – we’re here to build a sustainable business that benefits everyone involved.

With such a significant market share already, how do you plan to continue growing?

It’s true that our market penetration is substantial at 40% of the motorbike title loans market, but we see opportunities for growth in product diversification. For instance, while our motorbike title loans are a core offering, we’re expanding into other products like land title loans and loans for four-wheelers. This allows us to cater to a wider audience and increase our portfolio size even as our customer base approaches saturation. So, while there are challenges ahead, we’re confident in our ability to continue growing 20% per year.

Over the past decade, there have been multiple changes within the regulatory environment of the industry, can you explain the impact it has had upon MTC and the industry?

The changes and implementations of the new regulations have had a significant impact on MTC in a very positive manner. Allow me to elaborate. In the past there were common practises and a relatively loose legal framework, but the incumbents within the industry conducted business in a similar manner, focused on fair rates to customers and quality of service. However, at times new entrants took advantage of loopholes within the previous regulatory framework, ultimately at the cost of the end customer. The Bank of Thailand thus formalised the regulations for the industry, setting a maximum rate for licensed operators and business practises, a fair playing field was established and enhanced the sustainability of the industry. While the industry landscape may shift, our commitment to sustainable growth remains unwavering.

What distinguishes the customer base among the market segments of 2W, 4W and land title loans?

Our customers are 10% of the population. We do not aim to target the entire country, that’s not our forte. This 10% are our customers, several are still unbanked, however we understand their needs and we will service them well so that they continue to return as customers. We’ve remained steadfast in our core product, motorbike title loans, while gradually expanding into other areas like four-wheeler and land title loans. We’ve sustained an impressive growth rate of 18-20% annually, which has deterred competitors from entering the motorbike title loan segment. Even at our scale we still see the opportunity to continue growth another 20% per year for the next three years in our existing segments.

You have commented on sustainable growth and sustainability. Could you further explain your thoughts behind this?

Our vision is for Muangthai Capital to be a World Class Microfinance Company. Our aim is no longer just to be the best in Thailand, but to compete globally. We will continue implementing systems, practises and processes that will continue to enhance our ability to serve our customers well. A good example is within the Finance Department, we have expanded our corporate finance, liquidity management, risk management, and compliance. We appointed Three of the Big Four firms to improve our systems, risk, compliance, and sustainability departments.

Across all our branches, it is something as simple as ensuring all the computers are on the latest Windows license, to have systems where the internet is only accessible by local devices, and where every phone call is recorded. This provides us the ability to be auditable and ensure that any issues with customers are resolved smoothly.

Through the application of the above processes, it naturally flows throughout the organisation to be most conscious on the use of electricity, paper, petrol, and several other items. Simply the knowledge that our data is now measurable has resulted in savings of THB 7 million per year. Proudly, we have also been included into the MSCI ESG Index, we are on the FTSE for Good Index and we have received sustainability project financing from JICA, DEG, and SMBC

Where will MTC be by 2030?

The industry will be further consolidated, our number of branches close to 10,000 nationwide, with 4.5 million customers, and a THB 200 billion loan book. We will continue to focus on core services, being customer and employee centric, with a sustainable focus for Muangthai Capital to be a World Class Thai Microfinance Company.

Optiwise conducted the interview to provide insight into the foundational business strategies from the perspective of a leading executive at a Thai-listed company, for promotional purposes.