Tech, innovation, growth markets key to business recovery: HKTDC to focus on 14th Five-Year Plan opportunities

HONG KONG, Jun 11, 2021 – (ACN Newswire) – In the face of continuing challenges in the global economy resulting from the pandemic, the Hong Kong Trade Development Council (HKTDC) will focus on helping businesses capture opportunities in Mainland China and other markets, especially in sectors that can ride on opportunities arising from the mainland's "dual circulation" strategy and 14th Five-Year Plan, as well as industry developments in technology, healthcare and sustainability.

In addition to promoting the city's overall advantages, services and products, the HKTDC will offer online and offline services for Hong Kong companies to speed up business expansion in the mainland market, using the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as a bridgehead. It will also explore tripartite partnerships with mainland enterprises in overseas markets, especially the Association of Southeast Asian Nations (ASEAN).

HKTDC Chairman Dr Peter Lam said that the past few years have been full of challenges, but the HKTDC will continue to work hard in helping businesses diversify and enhance their capabilities with sustainability and the adoption of technology and innovation as a core theme. He added that as parts of the world continue to tackle the pandemic while others are gradually recovering, Mainland China and its early recovery has been driving economic growth both internally and externally.

"We will create opportunities for businesses in both markets and industries. Apart from large-scale events, we will also strengthen our support and training services to help Hong Kong businesses capture opportunities arising from the mainland's 14th Five-Year Plan and 'dual circulation' strategy, taking the Guangdong-Hong Kong-Macao Greater Bay Area as an entry point. As such, we just launched a GoGBA one-stop platform to support Hong Kong companies, and we will help them partner with mainland enterprises to tap international markets through the city's two-way platform," Dr Lam said.

Market opportunities: the GBA and "Dual Circulation" strategy

Following the launch of the GoGBA one-stop platform yesterday (10 June), the HKTDC is planning to organise SmartHK in Guangzhou on 8 December, highlighting the city's international networks and innovative professional services which are complementary to the Greater Bay Area development. Business matching meetings will be held to promote cooperation between mainland enterprises and Hong Kong services providers in the areas of finance, IT, infrastructure, design and more. A high-level mission led by senior government officials and commercial delegations will explore opportunities with their counterparts in the GBA.

Chic HK will be held in Shenzhen from 10-12 December to promote quality Hong Kong brands, stylish designs and technology and innovation products. It will be held in an online-to-offline format, allowing consumers to make purchases on the spot or online. A business mission will be held concurrently to connect Hong Kong traders with potential mainland buyers and partners, helping them to expand their nationwide retail networks.

The HKTDC will also introduce a new Star CEOs seminar series in which the top management of major mainland and overseas enterprises will share how the city's international business platform and professional services helps mainland companies tap opportunities in global markets, hoping this will attract more mainland companies to set up offices in Hong Kong. The HKTDC will set up a Hong Kong Pavilion in selected mainland trade fairs such as the China International Import Expo where Hong Kong's role in facilitating merchandise and service trade between the mainland and the rest of the world will be highlighted.

High-potential sectors: technology, healthcare and intellectual property

The 14th Five-Year Plan supports Hong Kong in consolidating and enhancing its competitive advantages. In addition to the traditional sectors such as finance, maritime and trading, it also supports the city to develop into an international innovation and technology hub and a regional intellectual property (IP) trading centre.

As such, the HKTDC will also launch a new Innotech Starter Programme in partnership with government agencies, incubators, R&D centres and universities to provide support and create opportunities for start-ups that are interested in expanding business in the Greater Bay Area. The HKTDC is also planning to organise seminars in Guangzhou, Nanjing and Beijing to promote Hong Kong's IP solutions in technology and innovation, as well as IP trade-related services. It will also further enrich the content of Asia IP Exchange and encourage different industries to step up adoption of homegrown innovative technology, especially patented technologies in environmental protection, sustainability, healthcare and well-being, building and construction and more.

Besides, demand for healthcare services is growing in Asia. As an international financial centre, Hong Kong is now the world's second-largest bio-tech fund-raising centre through initial public offerings. Together with a sound IP protection regime and a wealth of experts in commercialising innovations, the city is ready to become a healthcare innovation and investment hub. The HKSAR Government and the HKTDC will jointly organise the inaugural Asia Summit on Global Health on 24 November to attract investment, publicise the city's technology-related achievements and promote collaboration among industry players from Mainland China, Hong Kong and overseas.

Focusing on biotechnology, medical devices and drugs, digital health, community health and wellness, the Summit will help participants connect with investors and leading bio-tech companies in the Greater Bay Area.

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media Contact
HKTDC Communications and Public Affairs Department
Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org
Susanna Sin, Tel: +852 2584 4294, Email: susanna.kc.sin@hktdc.org

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

HKTDC launches GoGBA one-stop platform

HONG KONG, Jun 10, 2021 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) has announced the launch of the GoGBA one-stop platform, a new business support programme that helps companies access the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Consisting of digital information and business tools, advisory services and training as well as promotional and networking activities, the GoGBA one-stop platform offers multi-faceted business support online and offline.


The GoGBA one-stop platform was launched at this morning's online ceremony in Hong Kong and Shenzhen. The officiating guests in Hong Kong included (from L) Erick Tsang, Secretary for Constitutional and Mainland Affairs of the HKSAR; Dr Peter K N Lam, Chairman of the HKTDC; Carrie Lam, Chief Executive of the HKSAR; Edward Yau, Secretary for Commerce and Economic Development of the HKSAR; and Margaret Fong, HKTDC Executive Director.

GoGBA WeChat mini programme (QR Code)


At today's launch event, which took place via a virtual link between Hong Kong and Shenzhen, Carrie Lam, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), and Qin Weizhong, Deputy Secretary of Shenzhen Municipal Committee of the Communist Party of China and Mayor of Shenzhen Municipal People's Government, officially launched the GoGBA WeChat mini programme – a digital information and business tool – and the HKTDC GBA Centre located at the HKTDC's Shenzhen office. Several memorandums of understanding (MoUs) were also signed with the Leading Group Office of Guangdong on Construction of Guangdong-Hongkong-Macao Greater Bay Area, the China Council for the Promotion of International Trade Shenzhen Municipal Committee, the People's Government of Shenzhen Futian District and five cities and districts in the GBA (Qianhai in Shenzhen, Nansha in Guangzhou, Hengqin in Zhuhai, Dongguan and Zhongshan), to expand the network of support for Hong Kong companies. After the ceremony, two webinars were held where companies that are already operating successfully in the GBA shared their business insights on how to succeed in the region.

Dr Peter K N Lam, Chairman of the HKTDC, said: "The GBA offers huge opportunities for businesses from Hong Kong and around the world. Our GoGBA WeChat mini programme is a useful digital tool to complement our physical support centres in Hong Kong and Shenzhen, and other parts of the GBA through our partners. As more and more businesses look for prospects in the GBA, the HKTDC is here to help."

One-stop platform covers three major service areas

In line with the HKSAR Chief Executive's 2020 policy address, the GoGBA one-stop platform aims to help Hong Kong small and medium-sized enterprises (SMEs) tap into the GBA with three major support components:

1. Digital tool for cross-border business

The GoGBA digital platform, which consists of the GoGBA WeChat mini programme digital messaging platform, comes into service effective today. The GoGBA digital platform is run in collaboration with the government offices of Guangdong province and municipal governments in the GBA, providing important information on the region including updates on policies and subsidies, listings of related business and trade organisations, regional guides, and information on GBA government services and applications. It also offers practical tools such as weather forecasts, cross-border transportation information, interactive maps, details of public services, and income tax reminders. Media friends can scan the WeChat QR code included in this press release to download the GoGBA digital platform.

2. Advisory services and training

The HKTDC's Shenzhen office has set up the HKTDC GBA Centre to strengthen its support to SMEs interested in exploring the GBA market. Together with the HKTDC SME Centre in Hong Kong, the centres will organise a series of seminars and workshops, sharing sessions and advisory activities in group or individual formats, equipping companies with the practical knowledge and skillsets needed to succeed in the GBA.

The MoUs signed today will see the introduction of GoGBA Business Support Centres in Shenzhen (Qianhai), Guangzhou (Nansha), Zhuhai (Hengqin), Dongguan and Zhongshan. The HKTDC targets to introduce the centres in all nine mainland cities in the GBA, establishing a comprehensive support network that can connect companies with partners and consultants from across the GBA.

In addition, the HKTDC's Transformation Sandbox (T-box) programme will extend its services from Hong Kong to Shenzhen and other cities in the GBA. Together with the Digital Academy and E-Tailing Academy, the HKTDC will provide advisory workshops related to e-commerce and digital business as well as marketing solutions and other digital platforms.

3. HKTDC online and offline activities

The HKTDC has utilised various digital technologies to organise exhibitions and conferences, and will continue to plan and organise business missions and networking events by adopting a new "digital and physical" format for its major events and activities. It will also continue to enhance the hktdc.com Sourcing platform. The "Guangdong-Hong Kong Co-operation Week" will be held with the People's Government of Guangdong Province in December to promote Hong Kong products and services through flagship promotional events – SmartHK in Guangzhou and ChicHK in Shenzhen.

The HKTDC will continue its outreach efforts to help Hong Kong and overseas companies, and enterprises from other GBA cities, to establish connections, providing business matching sessions and advice on seeking business opportunities. The Council is currently planning to organise a wide range of activities in the mainland, including exhibitions and conferences, to help Hong Kong enterprises promote their products and services, explore business opportunities in GBA cities and gain practical experience at the same time.

GoGBA WeChat mini programme (QR Code) https://tinyurl.com/5pnps82r

HKTDC SME Centre
Tel: +852 1830 668
Fax: +852 3693 4938
E-mail: smecentre@hktdc.org
Address: Ground Level, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wan Chai, Hong Kong

HKTDC GBA Centre
Tel: +86-0755-82280112
Fax: +86-0755-82280114
E-mail: shenzhen.office@hktdc.org
Address: Unit 2405-06, Jindi Centre, Shennan Road 2007, Futian District, Shenzhen

Hong Kong and overseas companies share key to success in GBA

Representatives from Hong Kong and overseas companies gathered at this morning's launch event to share their success stories in capturing opportunities in mainland GBA cities through Hong Kong. Sharing their experiences in two separate sessions were Yan Lau, General Manager of Dongguan Dailywin Watch; Tommy Cheng, Founder and CEO of MY Super eCommerce Company; Jason Choi, Founder of DimYeah Studio & EGGY; Dawn Chui, General Manager – Pacific Rim of ORCA Asia; Joe Wan, CEO of Tricor Hong Kong; and Jefrey Hironaka Santo, Managing Director for Asia of Mundial.

ORCA is a Canadian company specialising in technology solutions for the treatment of food waste. Dawn Chui, General Manager – Pacific Rim of ORCA, said the pandemic has accelerated awareness of the need for food waste treatment in Hong Kong, and that an increasing number of hotels, campuses and restaurants are interested in their solutions. She said the company is optimistic about the mainland market. "The National 14th Five-Year Plan mentioned the issue of food waste management so we see great potential in venturing into this market. Hong Kong is the perfect springboard to Mainland China, with its free flow of capital very beneficial to corporate finance and one of the factors that encouraged us to establish a Hong Kong branch."

Yan Lau, General Manager of Dongguan Dailywin Watch, said the company set up its factory in Dongguan in the 1980s. Now, its Hong Kong headquarters is responsible for import, export, accounting and auditing functions, while the design, manufacturing and sales activities are carried out in Dongguan. Mr Lau said the company has put a big effort into building its own brand and last year launched the SAGA Moon Mars series to celebrate the achievements of the mainland's aerospace industry along with Dailywin's own achievements. During the pandemic, the company has shifted the focus to its online business and domestic sales, adopting new strategies such as e-commerce livestreaming with influencers and deploying new e-commerce and social e-commerce retail models. These new strategies have proved beneficial in helping the company's expansion in the mainland market.

Photo download: https://bit.ly/3gbhI1G

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media enquiries:
HKTDC Communications & Public Affairs Department
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Angel Tang, Tel: +852 2584 4544, Email: angel.hc.tang@hktdc.org

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

SMEStreet Partners with Wadhwani Foundation to Support Growth of MSME Sector

New Delhi, India, Jun 9, 2021 – (ACN Newswire) – The Micro Small and Medium Enterprises (MSME) sector is a hidden gem and critical for accelerating job growth and also GDP growth of the country. It has the potential to create 50-60 million jobs in the next few years. However, today, MSMEs face an existential crisis. Wadhwani Foundation's flagship program Wadhwani Advantage's research estimates that close to one-third of the 60-70 million of MSMEs face survival anxiety and a threat of being wiped out. This will render about 10% of our GDP under threat given the impact of COVID-19. This would put to threaten the employment of 30 million people working in these MSMEs. The second wave of COVID has already increased the unemployment rate close to 10%. In 2020, in the first wave, it rose to over 35% at its peak. Additionally, the Advantage program team's model suggests that the NPA incidence is rising and hovers between 7-35% in the SME segment.

While the situation looks gloomy, the biggest unleveraged advantage that the Indian MSME sector has is the entrepreneurs own willpower to survive and fight back. Indian entrepreneurs are known the world over for being resilient and productive even in adversities. All that is needed in today's time is to create a spark to ignite positive energies to look beyond the challenges and chase success with the opportunities at hand.

To strengthen their well-being, SMEStreet Foundation with the support from Wadhwani Foundation is proud to announce the launch of SMEStreet GameChangers Forum – a nationwide MSME outreach, education and Opportunity showcase exercise which will motivate entrepreneurs to understand the potential around them. The intention of this initiative is to bring back the fighter spirit among Indian Entrepreneurs by showcasing positivity in the form of promising business opportunities.

On collaborating with Wadhwani Foundation, Mr Faiz Askari, Founder of SMEStreet Foundation said, "This tie up will fetch great results of business growth, learning and empowerment for MSMEs and entrepreneurial development. We are very thankful to the great committed organization – The Wadhwani Foundation which is supporting us from the perspective of their knowledge and expertise".

This program – SMEStreet GameChangers Forum will engage and influence over 5 Million MSMEs across India. SMEStreet Foundation is excited to start this exercise in association with Wadhwani Foundation. This program will have a deep intervention by the Advantage team at the Foundation to help MSMEs do discoveries and undertake transformations, supported by a series of Webinars, Panel Discussions, Articles and Podcasts all aimed to educate and motivate entrepreneurs. This exercise is an extension of SMEStreet GameChangers Award Listing Initiative which recognized individual success stories that have influenced and encouraged business growth in the tough times of COVID Pandemic

"We are delighted to partner with SMEStreet and help the MSMEs in these times. COVID or no COVID, our job is to empower entrepreneurs, to train them to make sound business decisions with our tools, content, connects on a technology platform 'Genie' that opens the world of help to the entrepreneurs. Helping a job creator-MSMEs grow faster is amplifying thousands of family-supporting jobs in India," says Samir Sathe, EVP, Advantage Program-Wadhwani Foundation.

This program seeks to enable acceleration of some of the neglected areas of the MSME sector in India. The Wadhwani Advantage program provides growth strategy and long-term support to MSMEs to help them grow by 2X-10X by identifying and solving their business challenges. The endeavor is to bring in data-driven problem solving habits and empower them with all-round capabilities for sustainable growth. In India, and globally, it has helped ~1000 SMEs and influenced the 15000 jobs in the last 2 years.

About Wadhwani Foundation

Wadhwani Foundation was founded in 2000 by Dr. Romesh Wadhwani, with the primary mission of accelerating job creation in India and other emerging economies through large-scale initiatives in entrepreneurship, small business growth, innovation, and skilling. The Wadhwani Foundation operates in 20 countries, including India, Southeast Asia (Indonesia, Malaysia, the Philippines), East Africa (Kenya, Uganda, Rwanda), Southern Africa (South Africa, Botswana, Namibia), West Africa (Nigeria, Ghana), Egypt, and Latin America (Mexico, Brazil, Peru, Chile). The Wadhwani Foundation works in partnership with governments, foundations, corporations, and educational institutes.

About SMEStreet

Started as a media platform for MSMEs in 2014, SMEStreet has evolved as a knowledge-sharing focused media platform. In its journey, SMEStreet is dedicated to ad value in the business ecosystem of MSME entrepreneurs, Startups and policymakers who are working in the area of MSME development. In all these years, SMEStreet has received national level and global attention. In 2018, the founder-editor of SMEStreet was invited to participate in the United Nations South-South Global Expo in New York. The Platform – SMEStreet is founded by Faiz Askari who has spent close to two decades in media and various forms of strategic communications. WIth an added aim to work with entrepreneurs and create a guided roadmap for their success, SMEStreet Foundation is created in 2020 with a vision to support Entrepreneurs in their roadmap of business development.

For More
Tabinda Hilal A
9354645130
verticalbusinessmedia@gmail.com

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

Pertama Digital announces 4 product partners for its digital bank

PETALING JAYA, MALAYSIA, Jun 9, 2021 – (ACN Newswire) – Pertama Digital Berhad announced today that it has secured the first four product partners, Trevo, Paywatch, Qoala and Butterfly FX, which will bring expertise and solutions in their respective fields to plug into Pertama Digital's proposed digital bank. This comes after its recent announcements on securing Crowdo Holdings Pte Ltd and INFOPRO Sdn Bhd as consortium partners to apply for a digital banking licence from Bank Negara Malaysia.



In order to build a digital bank that empowers financially underserved Malaysians, Pertama Digital has built strong relationships with existing financial inclusion innovators, such as these companies, on ethical financial products addressing insurtech (takaful), gig economy and edtech.

Pertama Digital's Director of Strategy Saify Akhtar said: "We are very excited to collaborate with our new product partners to build financially inclusive solutions for the Rakyat. Over the years, we gained valuable experience and insights from delivering digital financial services to the financially underserved via MyPay and eJamin. Pertama Digital champions people-private-public partnerships and has attracted product experts within the local and regional financial inclusion ecosystem such as these four partners. We are taking position as the platform that facilitates flow of value between innovators and the Rakyat."

Trevo, Paywatch, Qoala and Butterfly FX share our common values to stay close to the Rakyat and permanently place customers at the centre of the digital bank strategy and business model. Together, our impactful solutions will help vulnerable Malaysians gain access to efficient, affordable and user-friendly digital financial services, which are needed now more than ever in the face of economic and social challenges presented by the pandemic."

Trevo, incorporated as Future Mobility Solutions Sdn Bhd, is a fully owned subsidiary of car-rental platform SOCAR Malaysia. Currently the largest P2P car-sharing marketplace in Southeast Asia, Trevo enables those not financially equipped to lease or purchase cars, to own one by only paying for it as needed. On the other hand, a different segment of users can make money from sharing their cars when it is not in use, which helps to alleviate the financial burden of servicing their monthly loan instalments. Pertama Digital will establish a Shariah-compliant short-to-medium term Digital Investment Trust that will be used to, among others, offer vehicle financing to the needy via Trevo's products. The digital bank will provide the initial seed fund and manage it on behalf of customers from the underserved group as micro-investors. This product allows individuals like delivery riders to not only earn an income doing deliveries but also from the very assets they use to do so; the vehicles.

Paywatch, a winner of the Gig Economy Challenge hosted by the United Nations Capital Development Fund (UNCDF), Bank Negara Malaysia, Malaysia Digital Economy Corporation (MDEC) and MetLife Foundation, partners with employers and banks to provide B40 workers instant access to earned wages, in real-time, before payday – without disrupting the existing human resource operations of employers. In collaboration with Pertama Digital, Paywatch strives to serve as a bridge for low-income workers to access low-cost financing directly from Paywatch's major financial institutional partners. In this way, they deter workers from turning to informal and predatory lenders and facilitate access to legitimate institutions for the financially underserved. As a regional player, Paywatch has offices in Seoul, Kuala Lumpur and Hong Kong, with representatives in Singapore.

With its head office in Jakarta, Indonesia, Qoala is the leading insurtech in Southeast Asia that has expanded its reach across Malaysia, Vietnam and Thailand, helping millions of consumers get access to affordable insurance and convenient claims by leveraging technology. Qoala will work with Pertama Digital to help protect the financially underserved through takaful coverage for vehicle owners and operators among the B40 group, takaful payout to cover sick leave days and microtakaful to cover reduction in or loss of income of MSMEs and cash-earners.

EdTech provider Butterfly FX, part of the UNCDF Financial Innovation Lab cohort, is a women-led social enterprise that provides solutions for underserved communities. Their behaviour-based financial education platform is based on years of experience in financial literacy outreach serving Projek Perumahan Rakyat communities in Malaysia, combined with product design for global Fortune 500 companies. Microfinance institutions, fintechs and other institutions have leveraged their solutions in Malaysia, the Philippines and Haiti, to ensure better financial understanding and more informed financial product adoption, particularly in the area of micro-financing and credit for MSMEs. Pertama Digital will collaborate with Butterfly FX to equip underserved communities (including MSMEs) with knowledge and skills in personal finance management, in order to achieve positive financial well-being. The latter will provide bite-sized and principles-based content, including animations, to make the experience more memorable for learners' understanding and real-life application.

"The pandemic has surfaced opportunities to innovate and deploy solutions rapidly for both social and commercial gain, especially in the space of financial inclusion. Our research shows that a large number of small businesses and the Rakyat are concerned about the future of their income and livelihood. This is where our digital bank and all stakeholders in the financial ecosystem, can play a role for the greater good by coming together to help those of us who have been affected. We feel reassured about finding and working with these partners who have proven that their solutions will meet the nation's financial inclusion goals," concluded Saify.

Issued by: Sense Consultancy on behalf of Pertama Digital Berhad

For further media enquiries please contact:
Anthony Lee
Tel: +6012 338 3705
Email: anthony@leesense.com

Jaz Ng
Tel: +6012 202 0096
Email: jaz@leesense.com

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

Central Global Bhd Signs MoU for JV to Build RM250M Kwasa Damansara Sewage Treatment Plant

KUALA LUMPUR, Jun 9, 2021 – (ACN Newswire) – Main Market-listed Central Global Berhad's ("CGB) construction arm, Proventus Bina Sdn Bhd ("PBSB"), has signed a Memorandum of Understanding ("MoU") to explore a proposed joint venture ("JV") with Multi Scopes Sdn Bhd ("MSSB") for a sewage treatment plant in Selangor.


CGB executive chairman Dato' Faisal Zelman


The scope of the proposed JV, in which PBSB would have a 70% effective stake and MSSB an effective 30% stake, would be the engineering, procurement, construction, commissioning, operation and handover of Employees Provident Fund's wholly-owned subsidiary Kwasa Land Sdn Bhd's sewage treatment plant in Petaling Jaya, Selangor.

Chief Business Officer of CGB and Director of PBSB Anson Lim said: "For this project, MSSB will manage the technical aspects of the project as they are the technical experts in sewage treatment plants while PBSB will handle the infrastructure part of the project."

CGB executive chairman Dato' Faisal Zelman said: "The proposed JV we are exploring through the MoU is another step in the plans we have to expand our construction business. We believe that the sewage treatment plant project would not only enable us to expand our portfolio of construction projects and orderbook but also provide us with consistent revenue for the next five years in Selangor."

We continue to explore opportunities to grow both the manufacturing and construction businesses of the Group. We have since the beginning of the year won a project worth RM100.5 million for the upgrade of a water supply system in Lahad Datu, Sabah and have had our proposed private placement of 18 million new shares approved by Bursa Malaysia Securities Berhad. Proceeds from the private placement would be used to upgrade the manufacturing arm's capacity and fund a property project in Penang."

As of 31 March, 2021, the Group's construction arm has an orderbook of RM130 million comprising of the Lahad Datu project and the Montage condominium project in Bayan Lepas, Penang.

Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: h.juraimi@swanconsultancy.biz

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

Public-Private Partnerships Online Masterclass is Now Back by Popular Demand

Singapore, Jun 9, 2021 – (ACN Newswire) – Infocus International Group has launched the Public-Private Partnerships (PPP) online masterclass which will be commencing live on 17 August 2021. Throughout the eight sessions, attendees will be mastering PPP project analysis, financing, contracts & transaction management techniques.



We need new infrastructure. Roads, airports, schools, hospitals and housing: the list is enormous and growing. Yet severely limited budgets, economic uncertainty caused by volatile commodity prices, and deficits continue to prevent governments at all levels from delivering the kinds of structural change that have always been needed. In response, some countries have developed successful PPP programmes. Merely grasping the concepts of PPP does not do justice to our great responsibility of having ownership in the country's future. We already know what we need to do, now is the time to really discover how.

Course Highlights:

– PPP policies, strategies, laws & units for implementing successful PPP transactions
– Identifying & selecting appropriate projects for PPPs
– Models for analyzing PPP projects
– Managing & completing PPP feasibility studies
– Financing techniques for PPP to ensure long-term PPP bankability and affordability
– Managing and overseeing PPP procurements & achieving transaction closure
– PPP stakeholder management & sustainability techniques
– Managing long-term PPP contracts for ensuring service delivery, price regulation, and dispute resolution

This masterclass features a rigorous new interactive methodology that requires attendees to demonstrate their understanding of each module's practical techniques and learning outcomes. Every 10-15 minutes throughout each session, attendees will be required to complete either focused review questions for selecting among a range of PPP decisions, or brief group exercise assignments. Attendees should be prepared to actively participate, and not merely to "watch & listen" video presentations.

Case studies of PPP transactions will feature the real-world details of PPP feasibility studies, tender documents, impact assessments, and PPP agreements to provide first-hand understanding of the challenges of PPP transactions. Experiential exercises will place you into the practical role of key management decision-makers who not only need to analyze and understand PPP investment proposals, but who have to make real-world decisions on transactions. As a result of actively engaging in this program's methodology, you will be able to make practical decisions on PPP strategies, projects, and transactions for your organizations following the workshop's completion.

Want to learn more?
Simply email to emilia[at]infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/ppp-online.

About Infocus International Group

Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.

Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.

Emilia Mok
Tel: +65 6325 0210 | Email: emilia[at]infocusinternational.com
Website: www.infocusinternational.com

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

Haulio deepens its roots in Thailand

SINGAPORE & THAILAND, Jun 8, 2021 – (ACN Newswire) – Singapore logistics technology company Haulio announced today that it has made significant headway into Thailand by tying up with CMA CGM (www.cma-cgm.com), a world leader in shipping and logistics. Haulio, using its digital haulage solutions, will move CMA CGM containers on the major inland corridor of Bangkok, Lat Krabang and Laem Chabang.

Headquartered in Singapore since 2017, Haulio is Singapore's fastest growing container haulage platform in the country, with more than 90% of Singapore's hauliers onboard. The company has aspirations to complete the digitalisation of haulage in Southeast Asia by 2025.

With some of Southeast Asia's busiest ports, Thailand has always been a pivotal market for Haulio. The country reported a total import-export CAGR of 2.2% between 2016 and 2018, with a forecasted CAGR of 2.8% from 2021 to 2025, according to IHS Markit's GTA Forecasting.

Since commencing its early-stage pilot in 2020, Haulio has onboarded over 150 trucking companies with a network of more than 3000 container trucks in Thailand and transacted over 300 thousand TEUs on the platform with one of PSA's JV local partners – ESCO.

This contract win with CMA CGM thus represents yet another significant milestone for Haulio, demonstrating its ability for regional scalability of haulage fulfilment.

Moving forward, the company is projecting a 200% quarter-on-quarter growth increase in transactions through this tie-up and an extension of the network effect of Haulio's presence in Thailand. The company aims to scale up to over 1,000 hauliers and 20,000 trucks in the next one year to provide 100% coverage within the country.

Mr Benoit de Quillacq, Managing Director of CMA CGM Thailand, said "CMA CGM's priorities to provide its customers what they need and to ensure operations efficiency can be driven with Haulio's digital solutions and network of hauliers. Our shippers would benefit from streamlined and optimised haulage trips; this consequently reduces carbon emissions from trucking the containers."

"We are delighted to become a haulage solutions provider of CMA CGM in Thailand after experiencing the benefits of our platform in Singapore. This serves as a huge validation to a young startup like us as we embark in our journey in solving real problems with an industry leader like CMA CGM. With container shipping volumes rising, it is imperative that greater efficiency and digitalization is achieved on the haulage end. While the importance of business margins cannot be overstated, it needs to be said that we owe it to ourselves to reduce the carbon footprint of this industry," said Alvin Ea, Co-Founder and CEO of Haulio.

About Haulio

Haulio is Singapore's fastest-growing container haulage platform, with the greater vision of connecting global trade to local first-mile transportation across ASEAN. The company believes in uplifting the industry by empowering its ecosystem of users with its technology. Through the optimisation of resources, Haulio aims to revolutionize international freight logistics towards a collaborative and sustainable future. For more information, visit https://www.haulio.io.

For all media queries:
Ashley Tan / Chin Gon Yew
FPR
T: 6438-2990
E: haulio@financialpr.com.sg

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

New AppsFlyer Report Finds View-through Attribution Impacts Ad Clicks and App Installs

SINGAPORE, Jun 7, 2021 – (ACN Newswire) – AppsFlyer, the global attribution leader, today released its inaugural View-Through Attribution (VTA) Report. From Q4 2020 until February 2021, the report looked at impressions, examined video content, and VTA campaigns performance across 6 SEA countries (Vietnam, Thailand, Malaysia, Singapore, Indonesia, and the Philippines) and 9 Industries (Shopping, Travel, Gaming, Finance, Entertainment, Education, Food & Drink, Lifestyle, and Health & Fitness) with the objective to provide marketers with insights into how right attributions could capture true consumer journey, increase optimization and drive benefits.

The report found that ads and videos are so immersive and engaging that users do not necessarily interact with the ad immediately because they do not want to leave the video experience midway. These users said they expect to engage with brands in a meaningful way as they claimed to be 1.5X more likely to purchase an item. Video exposure is impactful and influences purchase behavior. Incorporating VTA can help allocate credit in line with true consumer behavior.

In a study by Nielsen and Teluna, commissioned by TikTok For Business, consumers on video platforms said they will continue browsing content before moving to external websites or apps, with YouTube users supporting 60% of this statement, 58% on TikTok, 45% on Instagram and 40% on Facebook. This means that marketers should look beyond immediate click behaviour to accurately measure brand engagement.

VTA is an important metric to accurately measure the true user journey, since many users will purchase an item or install an app at a later stage. The report found that all SEA markets have at least VTA windows of 24 to 48 hours with up to 83.8% conversion rate.

"Constantly looking to expand our horizons, we are pleased to announce the all-new inaugural view-through attribution report. Southeast Asia's flourishing video content landscape is providing advertisers with novel ways to tap into new opportunities when engaging customers in a rapidly evolving ecosystem. We encourage marketers to use the report to utilise key data and insights on how best to maximise their campaign performances and understand the interconnections between determining metrics, behaviours and trends across Southeast Asian mobile app users," states Ronen Mense, President and Managing Director for APAC, AppsFlyer.

Video ad inventories have become a growing mechanism in Southeast Asia, especially amid Southeast Asia's flight to digital, accounting for 40% of all programmatic ad spends in the region. From this, short video ads of approximately 10 seconds drive installs or post-install events on platforms such as TikTok, making it a popular choice for advertisers to utilise in their campaigns. The rise of video has turned marketers towards using VTA models to best attribute their marketing efforts, compared to when using non-video inventories. The VTA Report also emphasised that marketers still need to incorporate a call to action to encourage conversion – as Impression-to-Install still remains somewhat low.

The report also found that due to the longer consideration process for "high-involvement" verticals, higher VTA is seen. Amongst all verticals examined, Finance in particular showed that despite fewer video impressions, more conversions were accredited to view-through attribution. High VTA rates were also seen in other verticals such as eCommerce and Media & Entertainment, with the lowest VTA rate seen in Gaming – averaging out at slightly less than a day across all countries. Marketers should therefore consider re-calibrating their attribution models according to their vertical and incorporate VTA as an important metric for conversions, as many users may not convert upon their first view.

Additional highlights from the report:

– Key festivities such as Singles' Day and New Year and lockdowns play an important role in peaks in clicks in the Food and Drink vertical, driven by VTA in Singapore and Indonesia.
— Health & Fitness apps in particular saw a spike in Southeast Asian markets in October, especially Indonesia, Thailand and Vietnam, mainly as a result of cross-regional awareness campaigns. A similar outcome was seen in December during the transition to the new year with health and fitness, and shopping apps.

– Marketers that are able to measure and optimize a CTA and VTA method have seen success in their campaigns.
— In Southeast Asia, ecommerce, media & entertainment, and finance are the verticals with the highest CTA + VTA and are able to optimize ads by 113% faster with low spend.
— TikTok data shows industries such as Finance, E-commerce and Media and Entertainment recorded at least 22.8% VTA conversions when compared with CTA conversions across Southeast Asia in 2020 and VTA conversions can go up to 90.8%.

– The importance of the VTA model: if the average attribution window for one vertical is one day, an Install registered by a viewer would be accredited as most users in Southeast Asia need access to WiFi to download an app.

– Singapore, being a more developed market, has a longer average attribution window of close to 1.5 days unlike just over a day in Philippines and Thailand as consumers in established economies take a longer time to convert.

– iOS 14.5's Ad Tracking Transparency feature is still being implemented and will change the app economy and ability to measure campaigns. However, Apple's SKAdNetwork, an API for measurement of ad campaigns, continues to provide advertisers with a VTA measurement option, while maintaining the privacy of the users. This emphasises that advertisers should still consider VTA as part of iOS14 dedicated campaigns. TikTok has supported SKAN CTA since the rollout of iOS 14.5 in late April 2021. Starting from June 2021, TikTok has also started to support SKAN VTA via an open beta, with more tests to be conducted before an official general release.

The AppsFlyer report analysed over 14,600 apps, 10.39 billion installs, and 6.3 billion remarketing conversions, and takes into account both click-through attribution (CTA) and view-through attribution (VTA). CTA looks at installs made after clicking on an ad while VTA registers ad impressions that result in an install without the user immediately clicking on an ad. The app may sometimes be installed a day or two later and helps to outline a typical customer's journey.

To view the full report, visit: https://www.appsflyer.com/resources/others/vta-insights-southeast-asia/

About AppsFlyer

AppsFlyer, the global attribution leader, empowers marketers to grow their business and innovate with a suite of comprehensive measurement and analytics solutions. Built around privacy by design, AppsFlyer takes a customer-centric approach to help 12,000+ brands and 8,000+ technology partners make better business decisions every day. To learn more, visit www.appsflyer.com.

Media Contact
PRecious Communications for AppsFlyer
appsflyer@preciouscomms.com

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

Nomination Opens for “Directors Of The Year Awards 2021”

HONG KONG, Jun 3, 2021 – (ACN Newswire) – The "Directors Of The Year Awards 2021" championed by The Hong Kong Institute of Directors ("HKIoD") is open for nominations today. "Leading in New Normal" is the theme of the Awards this year, aiming to promote a positive attitude and mindset among directors in navigating the complex global environment in 2021. Outstanding directors and boards capable of dynamic steering in circumstances ever-changing, and leading their organisations towards sustainable development will be acknowledged.

Dr Christopher To, Chairman of HKIoD, said, "According to a global director survey co-organised by HKIoD, two-thirds of the company directors responded said they have committed 50 percent or more time in leading their companies in recalibrating corporate focus and strategy in the Covid-19 crisis. And, among the respondents who gave high marks to themselves and their management teams, many credited prior scenario planning as a good foundation for responding effectively to the tests brought by the pandemic. From their responses, it is clear that being prepared is the key to success of directors in their roles. This year, we look forward to honouring directors who have worked hard and upheld a positive attitude in facing challenges and overcoming adversities. "

Mr Kenneth Wong, Chairman of 2021 Directors Awards Organising Committee, said "This is the 21st year of HKIoD organising Directors Of The Year Awards. Over past years, we have seen the economy going through ups and downs several rounds and what we have learnt is good corporate governance gives a company a solid foundation for defence or advance. We also concluded that to lead a company, directors have to stay abreast of the times and the global trend of corporate governance requirements. This was confirmed by nominees and recipients of the Awards in the past years. "

Dr Carlye Tsui, CEO of HKIoD, said, "The pandemic has changed the way people live and work; in other words, we have a 'new normal' to cope with. For a company to run a sustainable business in the new setting, it needs to devise a new structural policy and that is where directors come in. Whatever industry or whichever layer of the supply chain a company is in, its leaders have to be able to grasp latest market development so as to lead their companies to success, and also to gain the trust of investors and stakeholders. HKIoD offers training courses that relate latest information and knowledge to directors, equipping them for making smart decisions at crucial moments."

Nomination for the Awards will close on 31 July 2021. The Panel of Judges comprises leaders, professionals and regulators in Hong Kong. The Director Of The Year Awards 2021 recognises excellence in the following categories:

Company Categories / Director Categories
1. Listed Companies / 1. Executive Directors
2. Non-Listed Companies / 2. Non-Executive Directors
3. Statutory/Non-Profit-Distributing Organisations* / 3. Boards

Notes: *A non-profit-distributing organisation is defined as an organisation which profits are not distributed to its shareholders, members, directors, employees or any other persons, with objectives including, but not limited to, charitable welfare, social service, health and medical care, education, research, trade and industrial alliance, professional advancement, self-help support, etc.

The selection criteria for winners in the Individual Director Categories include successful pursuit of strategic corporate business/non-profit functions, contribution to board effectiveness in strategic planning and monitoring of performance, implementing compliance, risk control and accountability measures, managing change and succession, and leadership and other attributes and qualities, including keen at continuing professional development, business ethics and other achievements. As for the Collective Board Categories, the judging criteria include board composition, effectiveness in pursuing strategic corporate/non-profit functions, development and execution of strategic plans and monitoring of performance, implementing compliance, risk control and accountability measures, managing change and succession, development of the board, effectiveness of board committees, business ethics and other achievements.

The Awards nomination form and related information are available on The Hong Kong Institute of Directors website at www.hkiod.com.

About Directors Of The Year Awards
First launched in 2001, Directors Of The Year Awards were the first ever such Awards organised in Asia. The project has now become an annual project of impact in the community. The objectives are to recognise directors and board of directors for outstanding director practices and corporate governance, to publicise the significance of good corporate governance and to promote awareness of good corporate governance and director professionalism in Hong Kong. Nominations are open to the public. As good corporate governance is vital to all types of organisations, and professional director practices are encouraged from directors in all board roles, the Awards recognise excellence in categories by company types, including listed companies, private companies and statutory/non-profit-distributing organisations, and categories by roles, including Executive Directors, Non-Executive Directors and Boards. For more details on the previous years' Awards, please visit http://www.hkiod.com/dya-awardees.html.

About The Hong Kong Institute of Directors
The Hong Kong Institute of Directors is Hong Kong's premier body representing directors to foster the long-term success of companies through advocacy and standards-setting in corporate governance and professional development for directors. A non-profit-distributing organisation with membership consisting of directors from listed and non-listed companies, HKIoD is committed to providing directors with educational programmes and information service and establishing an influential voice in representing directors. With international perspectives and a multi-cultural environment, HKIoD conducts business in biliteracy and trilingualism. Website: http://www.hkiod.com.

Media Enquiries:
Strategic Public Relations Group
Brenda Chan +852 2114 4396 brenda.chan@sprg.com.hk
Chak Yau +852 2114 4395 chak.yau@sprg.com.hk
Fax: +852 2114 4948

Directors Of The Year Awards 2021 Enquiries:
The Hong Kong Institute of Directors
Odessa So +852 2889 4988 odessa.so@hkiod.com
Joanne Yam +852 2889 1414 joanne.yam@hkiod.com
Fax: +852 2889 9982



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

Avantor Acquires RIM Bio; Expands Bioproduction Footprint into China

RADNOR, Pa. and SHANGHAI, June 2, 2021 – (ACN Newswire) – Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries, announced today that it has acquired RIM Bio, a leading China-based manufacturer of single-use bioprocess bags and assemblies for biopharmaceutical manufacturing applications.

RIM Bio provides a complete range of single-use products manufactured in ISO 7 Class 10,000 cleanroom facilities

Rim Bio’s proprietary technology provides single use bioprocess customers with differentiated product offerings

RIM Bio’s Changzhou, China facility is Avantor’s first single-use production plant in the AMEA region, building on the company’s existing global single-use manufacturing network in the Americas and Europe and greatly increasing capacity to meet growing global demand in bioprocessing. Avantor will leverage RIM Bio’s proprietary technologies and best-in-class lead times to provide single-use customers with a differentiated offering.

Dr. Ger Brophy, Executive Vice President, Biopharma Production at Avantor, said, “Adding RIM Bio enables Avantor to better serve our customers by expanding our single-use manufacturing, distribution, and cleanroom capabilities to the AMEA region. RIM serves as an anchor for us to build our presence in this key region, as we better position Avantor to capture long-term opportunities in the growing, global Bioproduction space.”

Established in 2009, RIM Bio provides a complete range of single-use 2D bags, 3D bags, tank liners, bag assemblies and multi-bag manifolds used in the manufacturing of biologics including monoclonal antibodies (mAbs), vaccines, cell and gene therapies, and recombinant proteins.

This acquisition marks another major investment in China. In December 2019, the company opened its Shanghai Innovation & Customer Support center, a dedicated bioprocessing facility focused on research, application development and process optimization solutions for biopharma companies across AMEA.

About Avantor

Avantor, a Fortune 500 company, is a leading global provider of mission-critical products and services to customers in the biopharma, healthcare, education & government, and advanced technologies & applied materials industries. Our portfolio is used in virtually every stage of the most important research, development and production activities in the industries we serve. Our global footprint enables us to serve more than 225,000 customer locations and gives us extensive access to research laboratories and scientists in more than 180 countries. We set science in motion to create a better world. For more information, please visit http://www.avantorsciences.com.

Forward-looking statements

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our announced transaction with Ritter as well as our financial condition, results of operations, plans, objectives, future performance and business. These statements may be preceded by, followed by or include the words “aim,” “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “likely,” “outlook,” “plan,” “potential,” “project,” “projection,” “seek,” “can,” “could,” “may,” “should,” “would,” “will,” the negatives thereof and other words and terms of similar meaning.

Forward-looking statements are inherently subject to risks, uncertainties and assumptions; they are not guarantees of performance. You should not place undue reliance on these statements. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that our assumptions made in connection with the forward-looking statements are reasonable, we cannot assure you that the assumptions and expectations will prove to be correct. Factors that could contribute to these risks, uncertainties and assumptions include, but are not limited to, the factors described in “Risk Factors” in our 2020 Annual Report on Form 10-K for the year ended December 31, 2020, which is on file with the U.S. Securities and Exchange Commission (“SEC”) and available in the “Investors” section of Avantor’s website, ir.avantorsciences.com, under the heading “SEC Filings,” and in any subsequent Quarterly Reports on Form 10-Q and other documents Avantor files with the SEC.

All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. In addition, all forward-looking statements speak only as of the date of this press release. We undertake no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise other than as required under the federal securities laws.

Media Contact

Christina Koh
Director Communications – AMEA
+65 9720 0169
christina.koh@avantorsciences.com

Investor Relations Contact

Tommy Thomas
Vice President, Investor Relations
+1 781 375-8051
Tommy.Thomas@avantorsciences.com

SOURCE: Avantor and Financial News



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