HKTDC Export Index 3Q20: Exporter confidence rises for second consecutive quarter

HONG KONG, Sep 14, 2020 – (ACN Newswire) – The HKTDC Export Index has risen for the second consecutive quarter, indicating that exporter sentiment continues to improve. The Hong Kong Trade Development Council (HKTDC) announced the index for the third quarter of 2020 today with a reading of 25.1 – up 6.9 points from the previous quarter, and 9.1 points from the record low in the first quarter of this year. HKTDC Director of Research Nicholas Kwan noted that export indexes across all major industries remain in contractionary territory despite the recent rebound, stressing that times will remain tough for Hong Kong's exporters.



HKTDC Director of Research Nicholas Kwan (centre), Assistant Principal Economist (Greater China) Alice Tsang (L) and Economist Samantha Yim (R) announced in today's press conference that all HKTDC indexes rebounded in the third quarter of 2020.



As the initial shock of the Covid-19 pandemic begins to wane, the number of exporters having orders cancelled, payments deferred or logistics and distribution disrupted showed a significant drop compared with the previous quarter. Mr Kwan noted that 60.5% of respondents indicated that reduced orders from buyers was the biggest challenge they faced, up 3.5 percentage points from the second quarter of 2020. A number of exporters (23%, up 4.9 percentage points) said they had to downsize their companies and in some cases lay off workers.

"Fewer respondents (51.5%, down 13.1 percentage points) regarded the continuation of the pandemic as the biggest threat to their export performance over the next six months, with more of them concerned about softening global demand (21.5%, up 2.5 percentage points) and trade tensions between the United States and China (15%, up 4.2 percentage points)," Mr Kwan said.

Trade indexes pick up in third quarter

The HKTDC conducted its latest business confidence survey in August, interviewing 500 local traders from six major industry sectors including electronics, jewellery, timepieces, toys, clothing and machinery. The HKTDC Export Index reflects the prospects of the city's near-term export performance. Readings above and below 50 indicate an optimistic or pessimistic outlook respectively.

"Export indexes for all major sectors rose from their lowest readings in the first half of 2020, especially the machinery sector (29.0), toys (27.5) and electronics (25.3), followed by timepieces (21.6), clothing (21.0) and jewellery (20.1). Exporters' perception on the performance of major markets remained largely unchanged, with Japan (46.1) and Mainland China (42.9) regarded as the most promising markets for Hong Kong exports, followed by the United States (41.2), the Association of Southeast Asian Nations (ASEAN) bloc (41.0) and the European Union (36.0)," HKTDC Economist Samantha Yim said.

Ms Yim added that the Procurement Index, Offshore Trade Index and Trade Value Index all began to stabilise in the third quarter whereas the Employment Index dropped by 2.3 points to a four-year low of 39.8. "Compared with other industries, recruitment intentions in toys (38.0) and timepieces (35.6) were notably downbeat, suggesting the probability of headcount losses within these sectors."

Capturing new opportunities in the Greater Bay Area

As a highly open and internationalised city in the Guangdong-Hong Kong-Macao Greater Bay Area, as well as a hub for international finance, logistics and transportation, professional services, trade and aviation, Hong Kong plays an important role in the region under the "one country, two systems" principle. A recent survey showed that senior business executives generally recognise Hong Kong's advantages as an international business hub for the Greater Bay Area, including its robust legal regime, open business environment, free-market economy, robust infrastructure and transportation systems as well as its quality pool of international talent.

The survey was commissioned by the HKTDC and conducted by PricewaterhouseCoopers (PwC) to get detailed insights into Hong Kong's role in the Greater Bay Area. PwC conducted in-depth interviews and questionnaire surveys of close to 500 senior executives from the area to gauge their views on how six major industries, including financial services, logistics and transportation, trade services, manufacturing, legal and dispute resolution and innovation technology, can leverage Hong Kong's advantages in business operations. The consultancy firm also made suggestions on how to reinforce the city's position as an international business hub in the Greater Bay Area, assessing the potential opportunities and likely challenges.

The survey showed respondents as believing that the five trends most important to Hong Kong in the next five years are: increasing application of emerging technology; integration of Hong Kong with the Greater Bay Area, including capital connectivity; increasing cross-boundary transactions due to the Belt and Road Initiative; extending global value chains out of the Greater Bay Area; and industrial upgrading and transformation in the area.

Respondents believed that to further enhance Hong Kong's position as the international business hub for the Greater Bay Area, the five most important measures the city has to take are: facilitate the free flow of capital within the area; improve data privacy protection; improve the research and development (R&D) capability of Hong Kong by encouraging R&D activities and the adoption of emerging technologies; promote tax simplification/harmonisation in the Greater Bay Area; and promote regulatory transparency in the area.

New measures to enhance Hong Kong's key roles

HKTDC Assistant Principal Economist (Greater China) Alice Tsang said that, according to the findings of the PwC report, Hong Kong should implement a range of measures to reinforce the city's key roles as an international financial centre, legal and dispute resolution centre, logistics and transportation hub, trading centre, innovation and technology centre, and location for business headquarters.

"For the sake of the financial sector, Hong Kong should facilitate cross-border capital flow, take the lead in reforming its financial regulatory system and financial products and services, and develop sustainable and green finance," Ms Tsang said, citing the report. "In the area of professional services, those who have completed professional training programmes should be allowed to practise in specific areas within the Greater Bay Area. Hong Kong should also enhance its position as an international arbitration centre and establish itself as a protection base and trading platform for intellectual property in the area."

Ms Tsang added that to reinforce Hong Kong's position as a logistics, transportation and trading hub, the city should facilitate the flow of people and goods to and from other cities in the Greater Bay Area. "Hong Kong should also establish a unified product quality certification mechanism with other cities in the area for innovative services and products yet to gain international certification. This could reinforce the city's position as a centre for testing and certification," she said.

Suggestions were also made for capitalising on Hong Kong's advantages as an innovation and technology centre by supporting the industry's development, creating an ecosystem in which Greater Bay Area cities' relative advantages can complement each other and develop in concert, and attracting venture capital institutions to the city. Hong Kong should also extend preferential policies for setting up businesses in the city to further attract Greater Bay Area enterprises to expand their business. This would help to make Hong Kong more attractive as a location for business headquarters.

References
– HKTDC Research website: http://research.hktdc.com/
– Hong Kong Export Index 3Q20: Exporter Confidence Rallies Moderately While Spectre of Covid-19 Still Looms Large: https://bit.ly/2GKKiYx
– Hong Kong as the International Business Hub for the Greater Bay Area (Executive Summary): https://bit.ly/2Rm1ky9
– Photo download: https://bit.ly/3htY1Q4

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 trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Contact:
Leslie Ng, Tel: +852 2584 4239, Email: leslie.ss.ng@hktdc.org Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AppsFlyer Launches Xpend to Provide Marketers Accurate Cost Data at Scale in One Holistic Platform

SINGAPORE, Sep 10, 2020 – (ACN Newswire) – AppsFlyer, the global attribution leader, today announced the launch of Xpend, the company's new cost aggregation product that supports complex schema and data mapping to help alleviate the pain points marketers face due to fragmented cost data. With the industry shifting towards a more aggregate way of measuring marketing efforts, the importance of having an accurate, complete, and actionable cost aggregation solution has become paramount. Xpend covers 100% of marketers' spend data from any source, and provides access to granular data enabling them to act fast on their spending goals, accurately optimize ad spend, and ultimately make smarter and more informed decisions.

"Over the past few years, we've worked with thousands of customers and partners measuring tens of billions of dollars in ad spend through our cost aggregation product. Everything we learned was used to create its next generation – Xpend," said Gal Brill, General Manager – ROI360, AppsFlyer. "We see this product as part of a holistic approach to help our advertisers and partners keep their marketing stack working seamlessly. "Providing aggregate cost data via APIs has become more important than ever before. Through years of experience working with performance marketers, we've built Xpend to solve the data aggregation and normalization challenges that marketers face today. AppsFlyer is well known for providing reliable and accurate attribution data; tying in cost is only a natural next step."

Marketers are familiar with the tedious setbacks associated with fragmented data such as manually entering in weekly spend reports for hundreds of channels and sources, pulling together endless spreadsheets, filling in missing gaps, and correcting wrong data. As marketers strive to keep up with growing scale and data complexity, Xpend allows them to access all of their data in one innovative in-house solution to accurately optimize their marketing spend.

With industry updates focused around privacy and security ahead, using cost data tied to attribution links alone may no longer be considered a reliable solution on its own. This is why combining privacy centric attribution with aggregating cost data directly through API integrations with partner networks is a critical solution for marketers.

"At the core of our customer-centric strategy is keeping our ear to the ground: listening and responding to the industry's pulse. We should know what marketers want and need before they even realize it," said Ronen Mense, APAC President & Managing Director, AppsFlyer.

The exponential expansion of data, coupled with the challenge of managing thousands of channels and networks, has become the number 1 pain point for every marketer. On top of this, the inclusion of currencies has also created an expensive and wasteful problem of information overload. From that point on, we knew we had to develop an industry-first solution.

With Xpend, all of these data points are being pulled into one place, seamlessly housing attribution and cost under one control center. This latest AppsFlyer product offering delivers an accurate, mobile-first compatible, and fully optimized cross-channel experience."

Xpend provides marketers a comprehensive way to access all cost data and streamline it into an ETL (Extract, Transform, Load) process, which aligns various schema of data into a single model that makes the data easy to aggregate, analyze, and optimize. Additionally, Xpend is integrated with 60+ APIs, including Facebook, Google, AppLovin, and recently added Twitter & Tencent Marketing Solutions.

For more information on Xpend, please visit https://www.appsflyer.com/cost-aggregation/.

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 7,000+ technology partners make better business decisions every day. To learn more, visit www.appsflyer.com.

Media Contacts
Ishina Sakhrani
PRecious Communications on behalf of AppsFlyer
appsflyer@preciouscomms.com
+65 6303 0567

Press Contact For AppsFlyer in APAC
Nico Marco
nico.marco@appsflyer.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Dusit International charts expansion of ASAI Hotels to meet the challenges of the new normal, opens its first hotel under the new affordable lifestyle brand in Bangkok

BANGKOK, Sep 2, 2020 – (ACN Newswire) – Dusit International, one of Thailand's leading hotel and property development companies, will begin rolling out its new ASAI Hotels brand this September with the opening of ASAI Bangkok Chinatown in the heart of the city's renowned Chinatown district, followed by six more properties all operating under a thoughtfully lean hotel concept Dusit believes will be key to sustainable and profitable growth in the new normal.



ASAI Bangkok Chinatown


ASAI Bangkok Chinatown's thoughtfully designed rooms emphasise in-stay essentials such as superior quality beds, high-pressure rain showers, luggage space, and a work desk with USB charging station.


Self-check-in kiosks are available at the hotel's fourth-floor hub.



Designed to link millennial-minded travellers with authentic local experiences in the world's most vibrant neighbourhoods, ASAI Hotels is Dusit's sixth hotel brand and represents the company's expansion into the affordable lifestyle segment of the lodging spectrum. Its other brands – namely Dusit Thani, dusitD2, Dusit Princess, Dusit Devarana, and Elite Havens – cover upper-midscale through to luxury.

Drawing on Dusit's unique brand of Thai-inspired gracious hospitality, ASAI Hotels is positioned to offer lean-luxury by providing thoughtfully pared-back services while focusing on in-stay essentials. Large communal spaces featuring sustainable and locally inspired lifestyle and dining experiences will be central to its offerings.

Starting this September, the brand will initially serve domestic travellers seeking authentic experiences in Bangkok's historic Chinatown district and culturally rich Old Town. Another ASAI hotel will open within 12 months in Bangkok's stylish Sathorn district, followed by three ASAI Hotels in Cebu, the Philippines; one ASAI hotel in the old Yankin area of Yangon, Myanmar; and one ASAI hotel in Kyoto, Japan.

Dusit International believes the ASAI Hotels concept is well-positioned to meet the challenges of a post-COVID-19 world and deliver long-term value for hotel owners, investors and other key stakeholders.

"With its highly agile management structure, streamlined designs, and limited personnel, the ASAI Hotels business model is compact, sustainable and efficient, and ultimately serves as a cost-effective, fitting solution for continuing to grow our business and expand our presence in the new normal," said Ms Suphajee Suthumpun, Group CEO, Dusit International. "By expanding our offerings across the lodging spectrum, we are not only tapping into the fast-growing market of millennial-minded customers who desire local experiences, but we are also offering new stay experiences to our existing customers too.

Collaborations with local restaurateurs and artisans, and sustainable sourcing of produce, are just some of the elements we have in place to capture the attention of the market as a whole, and we believe this integrated community approach will be vital to success in our industry following the deep social and economic impact of COVID-19."

Opening on 15 September, ASAI Bangkok Chinatown features 224 thoughtfully compact rooms (ranging from 18 – 26 sq m). Each room's contemporary and clean design emphasises in-stay essentials, such as superior quality beds, high-pressure rain showers, luggage space, and a work desk with USB charging station. A large communal area, meanwhile, includes large and comfortable work areas, a small gym, a bar highlighting craft beers and creative cocktails, a large courtyard with organic herb garden, and Jam Jam restaurant serving a creative twist on local and international favourites.

Located adjacent to Yaowarat Road, only 100 metres from Wat Mangkon MRT underground station, the hotel also puts guests in the heart of a vibrant neighbourhood renowned for its lively fresh markets, historic temples, traditional shophouses, hidden coffee shops and a vast array of streetside eateries. The Rattanakosin Island area, home to the Grand Palace and Wat Pho, is only two stations away on the MRT. The city's major commercial districts can also be easily reached via the underground network.

"Easily accessible and equipped to cater to the needs of all kinds of travellers, from solo and groups to business and leisure, ASAI Bangkok Chinatown is a great option for lodging in Bangkok's fascinating Old Town," said Mr Siradej Donavanik, Managing Director, ASAI Holdings Company Limited, which operates ASAI Hotels. "We have all the elements in place to appeal to the tastes of modern travellers who appreciate sustainability and who want to experience the true essence of a destination. From our minimalist, locally inspired design with considerate technological touches, to our unique locally-inspired lifestyle and dining experiences, our hotel is set to become a hub of the community, offering highly comfortable, affordable stays for our curious and dynamic guests, and serving as an attractive and happening venue in which to work, rest, eat and play for Bangkokians at large."

Mr Donavanik is confident that there are many people throughout Thailand who would like to come and experience Bangkok's Old Town while discovering a new spin on Dusit's renowned high standards of service and hospitality.

"As the only international hotel chain in the area, we have a strong advantage, and we look forward to leveraging it to bring value to all of our stakeholders – guests, customers, employees, and owners alike."

In line with ASAI Hotel's overall concept, Live Local, each hotel in the ASAI portfolio will be geared to reflect its local character in terms of design, style and restaurant offering. This approach will be further evident when ASAI Hotels opens its second hotel, in Bangkok's Sathorn district, which will fully embrace the modernity of its inner-city setting to offer a complementary-yet-distinctive stay experience that differentiates it from the Chinatown property.

About Dusit International

Established in 1948, Dusit International is a leading hospitality group listed on the Stock Exchange of Thailand. Building on its two core areas of business – Hotels & Resorts and Hospitality Education – the company has expanded its operations over the past four years to comprise five business units. The additional units include Foods, Property Development, and Hospitality-Related Services. Today, the company's property portfolio comprises more than 300 distinctive hotels, resorts and luxury villas operating under six brands across 14 countries worldwide, as well as two leading hospitality colleges with campuses in Thailand and the Philippines. Following a three-pronged strategy for sustainable growth, including balance, expansion and diversification, the company has recently expanded into food production, on-demand hospitality services, and property development to reach new markets and add further recurring streams of revenue to the company. For more information, please visit www.dusit-international.com

Official photos of Dusit Hotels & Resorts can be downloaded at medialib.dusit.com

Media Contact:
Sureerat Sudpairak | Director of Marketing Communications | Dusit International
Tel: +66 (0) 2200 9999 ext. 3321 | Mobile +66 (0) 89 006 8697 | Email: sureerat.sp@dusit.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

INDONESIA: BUMN Go Global is the Accurate Strategy in Midst of Pandemic

JAKARTA, Aug 21, 2020 – (ACN Newswire) – Christovita Wiloto, Founder of IYE! Indonesian Young Entrepreneurs, believes that the BUMN Go Global strategy issued by the Minister of State Owned Enterprises (BUMN) is exactly what Indonesia needs right now, especially in the midst of a global economic recession due to the Covid-19 pandemic.



State-Owned Enterprises (BUMN) Minister Erick Thohir(R) and BUMN Deputy Minister Budi Gunadi Sadikin in Jakarta, Wed (8/19/20). (Antara Photos / Adam Bariq)



Indonesia Young Entrepreneurs, otherwise known as IYE!, is a global network of young Indonesians with entrepreneurial spirit across all industries. With over 50,000 members based all around the world, this organization acts as a platform to bring together young minds that are resilient and have integrity.

"The launch of the BUMN Go Global strategy as we enter a world recession due to the Covid-19 pandemic is very timely. Even countries as strong as the United States and China have been overwhelmed by this mega disruption. These new circumstances level the playing field so that countries are now in a position of equal opportunities within the global business playing field," explained Christovita Wiloto.

Known as a reliable global entrepreneur with an extensive international network, BUMN Minister Erick Thohir is believed to be able to direct BUMNs to be more active on a global scale.

"Under the leadership of Erick Thohir, the opportunities for SOEs to be more active at the global level has widened through the BUMN Go Global program," Christov said.

BUMN Minister Erick Thohir and Minister of Foreign Affairs Retno Marsudi initiated the BUMN Go Global economic diplomacy program. The goal of the program is to improve Indonesia's supply chain. BUMNs are encouraged to acquire foreign companies, many of which are beginning to stagger during this time of global recession.

State-Owned Enterprises Minister Erick Thohir explained that the BUMN GO Global program is an effort to develop and uplift the Indonesian business world towards the international level. He said there were two big goals of the program, which includes marketing BUMN products as well as improving supply chains in Indonesia.

"So this is not a program that is just for show. But it really has to be able to improve the ecosystem of our nation," said Erick.

From the marketing side, Erick said that Indonesia's state-owned companies currently already have various products that are recognized by various countries. Examples of products that are already well known in other countries include vaccines produced by Biofarma as well as products of the defense industry, and these can be improved even more.

Christov also observed that there are actually quite a number of Indonesian state-owned companies that have already successfully penetrated the global market. These companies include Telkomcel, PT Bank Negara Indonesia (Persero) Tbk, Bank BRI, Bank Mandiri, PT Semen Indonesia (Persero) Tbk., PT Pertamina (Persero), PT Wijaya Karya (Persero) Tbk., Kimia Farma Dawaa, and many more.

"But it is not enough that BUMN Go Global, we also want to participate in improving the supply chain in Indonesia. We know that, so far, Indonesia has only been a market for other global companies, but how long will this go on? What we can expect from acquiring several global companies overseas is a simple objective, namely to improve Indonesia's supply chain," Erick asserted.

Erick further said that Indonesia actually has two advantages, namely a large market and rich natural resources. However, on the other hand, Indonesia is still facing challenges related to logistics and technology. For that reason, these are the areas that he intends to fix.

For more information, please contact:
PowerPR | Indonesia Investment Forum
christhaliawiloto@powerpr.co.id
www.powerpr.co.id/IIFNYC2021


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JCB and Mcredit launched Mcredit JCB Credit Card in Vietnam

Hanoi & Tokyo, Aug 17, 2020 – (ACN Newswire) – MB SHINSEI Finance Limited Liability Company (Mcredit) – one of the leading consumer finance companies in Vietnam and JCB International Co, Ltd. (JCBI) – the international operations subsidiary of JCB Co., Ltd., announced the launch of the Mcredit JCB Credit Card.



JCB Credit Card (Standard)


JCB Credit Card (Gold)



The new Mcredit JCB Credit Card is the very first JCB card launched in collaboration with a finance company in the Vietnamese market and offers 2 different card grades: standard and gold card. The holders of Mcredit JCB Credit Card can access the JCB acceptance network globally with about 34 million merchants and over a million ATMs in the world.

The card offers high security transactions with an EMVCo standard chip and 3-D Secure technology. Mcredit JCB Credit cardmembers also enjoy a number of attractive features and exclusive benefits, such as JCB PLAZA in several world-class destinations and especially the lowest withdrawal fee in the market at only 1.5% of the withdrawal amount. The issuing requirements are also very simple with the submission of the applicant's personal ID and his or her family register book only. Mcredit JCB Credit cardmembers also enjoy zero interest installment at more than 40,000 online and offline merchants in Vietnam.

About Mcredit

The MB Shinsei Finance Limited Liability Company (Mcredit) is a joint venture, with the two major shareholders being the Military Commercial Joint Stock Bank (MB) and Shinsei Bank (Japan). As a member of the Military Commercial Joint Stock Bank – a reputable financial group in Vietnam for 25 years – Mcredit has been supported from a network of service points, partnerships, and customer relations systems. With Shinsei Bank's more than 50 years of experience in risk management and development of operating procedures in Japan, Mcredit has inherited an advanced service model for customers.

By the end of the first quarter of 2020, Mcredit's market share of customer loans maintained top 4 of the market with revenue of nearly 10,000 billion VND, increasing by 36% over the same period of 2019. In 2020, besides challenging business goals, Mcredit focuses on improving governance and operations to optimize processes and operational efficiency. At the same time, Mcredit will take priority to take advantage of information technology system to gradually deploy digital business and application of artificial intelligence, maintaining the top 4 leading consumer finance companies in Vietnam.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes over 34 million merchants and over a million cash advance locations in the world. JCB cards are now issued in 24 countries and territories, with more than 140 million cardmembers.

As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information: www.global.jcb/en/

Contact
JCB
Kumiko Kida, Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Nathan’s Famous Partners With UAE Based Mezzan Group to Manufacture Halal Hot Dogs

NEW YORK, NY, Aug 15, 2020 – (ACN Newswire) – Nathan's Famous, Inc. (NASDAQ: NATH), the American tradition serving New York favorites for more than 100 years, announces today it has signed a licensing, manufacturing and distribution agreement with Mezzan Holding KSC, one of the largest manufacturers and distributors of food, beverage, FMCG and pharmaceutical products in the Gulf. This partnership further solidifies Nathan's Famous' commitment to the Middle East through the manufacturing and distribution of Halal Nathan's Famous products.





"We believe our partnership with Mezzan provides a wealth of advantages for the Nathan's Famous brand in and around the Gulf region, from growth opportunity to the ability to provide quality Halal product to our fans in the region," said James Walker, SVP, Restaurants. "Through its storied history, Mezzan has worked with some of the world's best-known consumer manufacturers to bring their products to the GCC, and we're thrilled to add Nathan's to the distinguished list of brands and expand our reach throughout the UAE and beyond."

Mezzan Holding KSC subsidiary, Khazan Meat Factory, will produce 5-piece pack and 8-piece pack of hot dogs for both retail and food service vendors in the region. Khazan is recognized as the leading brand in the region, and is known for its state-of-the-art meat production division that features locally manufactured, fresh and premium Halal ingredients. Coupled with Mezzan's far-reaching distribution abilities via its subsidiaries, its long-standing relationships with private and cooperative supermarkets and food services customers including multinational fast food chains, we believe this partnership sets Nathan's Famous on a fast track for growth in the Gulf Region.

"We are very excited to be partnering with Nathan's Famous as their distributor for the region," states Lindsay Wakefield, commercial director Mezzan Holding. "With Nathan's strong heritage in the USA and Mezzan's manufacturing, marketing and distribution footprint in the region, this partnership will allow Middle East consumers to enjoy the flavor of New York locally. Mezzan's expertise in the region will ensure the hot dog range available locally is 100% Halal to suit our local consumer needs."

To learn more about Nathan's Famous, visit www.nathansfamous.com

MEDIA CONTACT
Kate Laird
Trevelino/Keller
404.214.0722 x.125
klaird@trevelinokeller.com

About Nathan's Famous

Nathan's is a Russell 2000 Company that currently distributes its products in 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, and 11 foreign countries through its restaurant system, foodservice sales programs and product licensing activities. Last year, over 700 million Nathan's Famous hot dogs were sold. Nathan's was ranked #22 on the Forbes 2014 list of the Best Small Companies in America and was listed as the Best Small Company in New York State in October 2013. For additional information about Nathan's, please visit our website at www.nathansfamous.com.

About Mezzan Group

– Operates in seven countries through 30 subsidiaries with more than 9,000 employees
– Distributes over 34,000 Stock Keeping Units (SKU), making it one of the largest operators in terms of SKUs, unit sales, market share and in terms of share of revenues of total consumer spending in consumer categories served by the company
– Active in various segments of the consumer staple industry supported by long-standing relationships with Johnson & Johnson, Olayan Kimberly-Clark, Reckitt Benckiser, General Mills, Arla Foods, Sara Lee and many other leading brands and manufacturers
– Serves over 120,000 meals a day in Kuwait, Qatar and the UAE through its catering business
– Has a total of 138650 square meters in food, beverage and FMCG manufacturing facilities in Kuwait, Qatar, UAE and Afghanistan
– Leverages long-standing relationships with private and cooperative supermarkets
– Vertically integrated into complementary business operations, including packaging, catering, contract services and logistics
– Food services customers include multinational fast food chains, airline catering services and large food services companies.

Mezzan Holding is a 70-year old company that was listed on the Kuwait Stock Exchange in the second quarter of 2015. The company is headquartered in Kuwait with direct operational activities in Kuwait, UAE, Qatar, Saudi Arabia, Iraq, Jordan, and Afghanistan.

Except for historical information contained in this news release, the matters discussed are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve risks and uncertainties. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions identify forward-looking statements, which are based on the current belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially include but are not limited to: the status of our licensing and supply agreements, including the impact of our supply agreement for hot dogs with John Morrell & Co.; the impact of the recent COVID-19 outbreak; the impact of our indebtedness, including the effect on our ability to fund working capital, operations and make new investments; economic; weather (including the impact on the supply of cattle and the impact on sales at our restaurants particularly during the summer months), and change in the price of beef trimmings; our ability to pass on the cost of any price increases in beef and beef trimmings; legislative and business conditions; the collectability of receivables; changes in consumer tastes; the ability to attract franchisees; the impact of the minimum wage legislation on labor costs in New York State or other changes in labor laws, including regulations which could render a franchisor as a "joint employee" or the impact of our new union contracts; our ability to attract competent restaurant and managerial personnel; the enforceability of international franchising agreements; the future effects of any food borne illness, such as bovine spongiform encephalopathy, BSE and e coli; and the risk factors reported from time to time in the Company's SEC reports. The Company does not undertake any obligation to update such forward-looking statements.

Related Images:
Nathan's Famous Partners With UAE Based Mezzan Group to Manufacture Halal Hot Dogs.
https://www.newsfilecorp.com/redirect/xrVxSWY5

Mezzan will manufacture, sell and distribute to retail, restaurants and food service around the GCC.
https://www.newsfilecorp.com/redirect/7NJoTovp

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/61572

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Software AG partners with Universitas Gajah Mada (UGM) to drive digitalization in Indonesian Government Sector

Yogyakarta, Indonesia, Aug 10, 2020 – (ACN Newswire) – Software AG has announced a strategic partnership with Universitas Gajah Mada (UGM), Indonesia's leading public University, to drive digitalization in the Indonesian Government Sector and prime UGM graduates entering the job market. The partnership will begin with two initial steps:

The first, an Educational Webinar on August 14, open to all government officials.

Software AG and UGM will host a Webinar on Digital Transformation in the Indonesian Government Sector.
UGM will present their most recent findings, including challenges to the digitalization efforts of government bodies in Indonesia, and recommend strategies for a fast start to becoming a truly digitalized government.
Software AG will showcase highly relevant use cases from various government bodies in the US, UK, Germany, Singapore and Australia.

The second step is an Academic Partnership.

Software AG will provide a market-oriented education through UGM, giving graduates entering the job market an excellent head start, forming an integral and critical part of the digital transformation of the nation.

Prof Ir Panut Mulyono, Rector of UGM, said, "A close collaboration between the private sector and academia is essential. This is in line with our Minister of Education and Culture Nadiem Makarim's Independent Campus Policy, where universities are encouraged to develop partnerships with world class companies. With the upcoming Webinar, we provide thought leadership, views and ideas for the government sector to digitally transform in a safe and sustainable way; and with the Academic Partnership we are upskilling our students to support this transformation with a highly qualified workforce in the future."

Anneliese Schulz, President of Software AG Asia Pacific Japan, said, "What excites me the most is the opportunity to support upskilling student talent into world class tech professionals, who will contribute to the development of the nation. And when we look into government digitalization efforts in Indonesia and elsewhere, integration is a key enabler to modernize and innovate. As the world leading integration technology provider, we can share proven use cases from various sectors as well as the key learning from government bodies worldwide which will benefit Indonesia greatly."

The Ministry of Administrative Reform measured the e-government maturity level over 616 government institutions in 2018, and concluded that a majority of government institutions have been implementing e-services, particularly for internal work. However, these e-services share common problems: lack of integration, unsustainability, and low use, pointing to an absence of integrated and holistic policy, and partial planning and strategies in implementing e-government. Before 2018, there was no guidance and standard to develop e-services. As a result, "many government institutions in Indonesia have only developed partial e-services, even in the sake of innovation." (GovAsia https://tinyurl.com/yyvsn3k6)

About UGM
Gadjah Mada University is a public research university located in Yogyakarta, Indonesia. Officially founded on 19 Dec 1949, UGM is one of the oldest and largest institutions of higher education in the country, and among the best in many areas. Following its internationalisation programme, the setting at UGM continues to grow in an Indonesian as well as international atmosphere.

About Software AG
We reimagine integration, spark business transformation and enable fast innovation on the Internet of Things so you can pioneer differentiating business models. We give you the freedom to connect and integrate any technology – from app to edge. We help you free data from silos so it's shareable, usable and powerful – enabling you to make the best decisions and unlock entirely new possibilities for growth. Learn more about Software AG and Freedom-as-a-Service at www.softwareag.com.


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

INDONESIA: Finding the Right Momentum for ‘BUMN Go Global’

JAKARTA, Aug 6, 2020 – (ACN Newswire) – Indonesian Minister of BUMN (State-Owned Enterprises) Erick Thohir, promoting the vision behind his BUMN Go Global program and cooperation between the ministries required to make the program work, has been articulate in encouraging the country's massive State-Owned Enterprise (SOE) sector, presently more than 100 companies and 800,000 employees, into action towards developing more rapidly in the global business arena, while inking a Memorandum of Understanding (MoU) for Economic Diplomacy and Support of the program with Retno Marsudi, the Minister of Foreign Affairs.



JAKARTA – The Minister of BUMN (SOEs) Erik Thohir[L] and Minister of Foreign Affairs Retno Marsudi[R] signing an MoU in Economic Diplomacy for the 'BUMN Go Global' program. (July 17)



Based on dynamic data collected from key govt representatives, Indonesia's SOE sector accounted for some US$17.5 billion in outbound investment last year, commercially reaching around the world, but as Erick Thohir points out, without any particular strategy. The Go Global agreement between the ministries is expected to remedy this situation, increase the value of SOE investments abroad, and encourage the country's export performance. In addition, the cooperation area also includes match making efforts between SOEs and foreign investors interested in making inbound investments into Indonesia in accordance with their sectors of interest.

"BUMN launched its Go Global program to support Indonesia's Supply Chain in marketing products in strategic markets. Now this is a special momentum because there is a common awareness and vision to encourage the development of BUMN (SOEs) in the global market, so as to increase the number of SOE outbound transactions and investment value, and advance Indonesia's leadership abroad," says BUMN Minister Thohir, at 50, one of the youngest members of Jokowi's second cabinet, and a successful media tycoon known internationally for his former ownership of football teams D.C. United and Inter Milan.

So far, several State-Owned Enterprises have ventured overseas, among them PT INKA, which has established a joint railroad project with the Bangladesh government, defense SOEs that export various products such as the Elite G2 Pistol, Bullet Ammunition, Medium Tanks, Cargo Ships, CN 235-220 Planes, and others. In addition, Bio Farma has produced and marketed polio vaccines in various countries such as Angola, Somalia and Ethiopia.

To achieve Erick Thohir's lofty BUMN goals, the two Ministries agreed to the possibility of forming a tactical team consisting of representatives of the two Ministries as well as BUMN representatives who have the readiness and capacity to carry out outbound investment. This special tactical team will collaborate as exploratory partners in identifying investment opportunities and access to capital through to the implementation of investments and the protection of Indonesian investments abroad. The MoU is valid for up to four years, and will be regularly monitored and evaluated.

"The formation of the Go Global Joint SOE Team between the Ministry of Foreign Affairs and the Ministry of SOEs is intended to synergize the development of SOEs in the global market and increase cooperation with strategic partners," says Foreign Affairs Minister, Retno Marsudi. "It is hoped that the cooperation and assistance regarding economic diplomacy can expand the partnership network, the potential for BUMN investment and the opportunity to market SOE products on the international scene."

"Thus, the BUMN Go Global program has two main objectives," says Erick Thohir. "The first objective is to market SOE products that have already established some demand in multiple countries or markets, while the second objective is to improve the Supply Chain in Indonesia. In the past, Indonesia was only ever seen and treated as a domestic market. The BUMN Go Global program also hopes to help facilitate SOEs in acquiring enterprises in foreign countries. This will in turn ultimately rectify the supply chain in Indonesia."

Christovita Wiloto, Founder of IYE! (Indonesian Young Entrepreneurs), is optimistic about the BUMN Go Global strategy, saying, "It's about time that Indonesia's State Owned Enterprises go global and it's only natural that we are no longer satisfied only competing domestically. While it's true that our domestic market is full of potential and should not be neglected, Go Global is the strategy that should be implemented as soon as possible so that Indonesia may not only survive, but thrive."

Indonesia Young Entrepreneurs, known as IYE!, is a global network of young Indonesians with entrepreneurial spirit, across all industries. With over 50,000 members based around the world, the IYE! organization acts as a platform to bring together young minds that are resilient and have integrity. In regards to the BUMN Go Global strategy, Christov asserts that SOEs and the business world in Indonesia are ready and more than capable of competing at the global level.

What we urgently need is to solidify a clear and consistent strategy that will give guidance to the Go Global program. The steps that the Ministry of BUMN and the Ministry of Foreign Affairs have taken have been celebrated by tens of thousands of Indonesian Young Entrepreneurs across Indonesia, who are already fighting to break into the global market with a plethora of goods and services that they have continued to develop and perfect, Christov emphasized.

"The Go Global strategy has the potential to lift the standard of quality among Indonesian businesses in all aspects, whether it be integrity of individual character to the sophistication of the goods and services themselves. At the same time, this program will introduce a variety of disruptions in all aspects, which will work to turn the wheels of revolution within the world of business in Indonesia, in an integrated manner," Christov further explained. "Strike while the iron is hot: taking advantage of the moment, when the momentum is right in Indonesia."

BUMN Minister Erick Thohir believes that the country has reached a stage with a special momentum in its capacity to develop SOEs for the global market, and to advance Indonesia's leadership in the international arena. The factors supporting this are, among others, a common awareness and vision to encourage the development of SOEs in the global market, which acts to increase the number of transactions and the value of outbound SOE investment, as well as advance Indonesia's leadership abroad.

Collaboration between Indonesian government agencies has been intensified by the recent Onward Indonesia Cabinet, so the Indonesian economy will have the power to recover quickly following the COVID-19 pandemic. Moreover, this collaboration is further fortified by an aggressive strategy which ensures that every step taken promotes Indonesian competitiveness in an increasingly fierce global market.

For more information, please contact:
PowerPR | Indonesia Investment Forum
christhaliawiloto@powerpr.co.id
https;//www.powerpr.co.id/iifnyc2021


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The Washington Companies Determined to be Causing Employer in Accident

LAS VEGAS, NV, Jul 31, 2020 – (ACN Newswire) – In the deposition of OSHA expert Kurt Stranne, a professional engineer, an OSHA safety instructor, a former USAF Flight chief, a former Boeing Flight test engineering analyst, and a Certified Safety Professional, the Washington Companies attorney line of questioning sought clarification from Mr. Stranne, in his opinion, who was at fault in an ongoing Federal lawsuit in the United States Federal Court of the Western District of Washington at Tacoma.

The ongoing case involves ETON of North Las Vegas, NV and one of the Washington Companies facilities based in Rochester, WA. The Federal lawsuit is about an unfortunate accident involving Komatsu equipment loaded by a Washington Companies employee and then transported by ETON. Due to the Komatsu equipment being loaded incorrectly, the Komatsu equipment struck a major interstate bridge in the State of Washington causing damage to the bridge. The rebuilding of the bridge caused a major disruption to people in the area who had relied on the bridge for decades to get from one side of the interstate to the other.

During the deposition of expert witness Mr. Stranne, Washington Companies attorney, Mr. Steve Stocker of Stocker Smith Luciani & Staub of Spokane, WA, repeatedly asked about the duties of the controlling work site employer Washington Companies and the duties of the carrier ETON. Mr. Stranne outlined the following scene in an effort to clarify the respective exposure for culpability within the OSHA realm of work place safety and jurisdictional control to better help Washington Companies attorney Mr. Stocker understand who was at fault based on OSHA statues.

The scene that Mr. Stranne outlined was had the ETON driver been sent to a hospital with injuries as a result of the bridge strike, the accident would have been deemed a workplace injury. The injures and the hospitalization of the driver would have triggered a State of Washington OSHA investigation into what caused the accident that put the driver in the hospital. Mr. Stranne, as the OSHA expert, explained that in his opinion the Washington Companies would have been cited as the "causing party" of the accidental bridge strike.

Mr. Stranne's informed conclusions were based on fact that the Komatsu equipment was loaded at a Washington Companies controlled work site and a Washington Companies employee performed the loading of said equipment. The reason for his opinion finding fault against Washington Companies was three-fold according to Mr. Stranne. First, the loading of the equipment went against the manufactures recommendations, which Washington Companies has a duty to follow. Second, it was against the industry standard, and third, it varied from Washington Companies customary manner in which this type of Komatsu equipment was loaded. Mr. Stranne explained Washington Companies had an OSHA mandated duty to follow all three methods in the loading of the Komatsu equipment on the flatbed trailer, which the Washington Companies employee failed to do. In that Washington Companies deviated from these three standards, OSHA would have determined Washington Companies to be the root cause of the accident.

Mr. Stranne declined to speculate about what the parties' duties might have been according to other federal or state agencies but testified about what he saw as the causing factors from his expertise with OSHA and determined the loader loading the Komatsu equipment loaded it wrong. Washington Companies loader, Mr. Tyler Piles violated the manufacture loading steps, the industry standards on how the equipment should be loaded, and Washington Companies own customary manner of loading this type of equipment. As an employee of Washington Companies, this would make Washington Companies the "causing employer" of the bridge strike.

Modern Machinery a part of a large consortium of privately held companies collectively known as the Washington Companies, owned by billionaire Dennis R. Washington. Modern Machinery sells and rents high quality heavy equipment and provides product support to the construction, mining, and forestry industries. The Modern Machinery terminal in Rochester, WA is a home to a large staging area for a variety of Komatsu product brought from overseas awaiting shipment to other Komatsu dealers.

ETON is a Las Vegas-based premier transportation company serving the Western United States with equipment, professional drivers and superior on-time service.

Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd., (OTCMKTS: KMTUY) the world's second largest manufacturer and supplier of earth-moving equipment, consisting of construction, mining and compact construction equipment.

CONTACT:
Mitchell Truman, ETON.me
http://www.ETON.me, +(702) 348 6370
Environmental Transportation of Nevada, LLC

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC Entrepreneur Day: Start-ups get insights into overcoming challenges

HONG KONG, Jul 30, 2020 – (ACN Newswire) – Local start-ups have been rising to the challenges presented by the COVID-19 pandemic with agility and creativity. This year's HKTDC Entrepreneur Day (E-Day), organised by the Hong Kong Trade Development Council (HKTDC), underwent a transformation in terms of format and content, with a series of seminars broadcast live on 16 and 17 July giving start-ups valuable insights into finding a path forward during this difficult time.



Running under the theme "Revive x Redefine", the 2020 E-Day invited a high-powered panel of speakers to speak at 19 online seminars.


Renowned futurist Gerd Leonhard addressed the "T-Chat: Futurising Your Business: Renaissance from the Age of Digitalisation" seminar and was joined for the discussion by (from left) Karena Belin, CEO & Co-Founder of WHub, Toa Charm, Associate Professor, Business School, the Chinese University of Hong Kong, and Herbert Chia, Venture Partner at Sequoia Capital China.


At the "Revive, Redefine" plenary session, Crystal Pang, Co-founder of Pickupp, shared tips on entrepreneurship and their personal experiences of turning creative ideas into viable business ventures.



Running under the theme "Revive, Redefine", the 2020 E-Day invited a high-powered panel of speakers to speak at 19 online seminars, offering insights into areas such as entrepreneurship, regional opportunities and technological developments to equip start-ups for future challenges. Virtual business matching sessions were also arranged, connecting local start-ups with companies in Japan, Korea, Thailand, Malaysia, Singapore and the United States to help them continue to capture business opportunities amid the current economic adversity.

Insights into the future: four "bigs" and 10 "game changers"

Broadcasting from Switzerland, globally renowned futurist Gerd Leonhard, CEO of The Futures Agency, shared in "T-Chat: Futurising Your Business: Renaissance from the Age of Digitalisation" the trends for entrepreneurship and opportunities for start-ups to thrive in the "new normal". Mr Leonhard explained that there would not be a post-COVID-19 return to normality, and that the new normal would be very different.

The world is undergoing a Great Transformation, he said, with four "bigs" playing a leading role – Big Tech, Big Media, Big State and Big Health. "Technology is everywhere. Without technology, we wouldn't be working from home, we couldn't find new ways to address the crisis. We couldn't analyse all the data. Without the AI (artificial intelligence), we couldn't have early warning systems," Mr Leonhard said. He added that the state helps to figure out how to restart the economy and to support the people, and that healthcare is becoming the number one issue. "We are going to have to put more money, more research into healthcare development and biotechnology," he said, "We all are addicted to the media now because we are at home. Big media is exploding. These four things together have huge opportunities." The result, he said, would be "HellVen", explaining it could be heaven or it could be hell, depending on how it is handled.

The future presents utter uncertainty, Mr Leonhard posited. Businesses needed to abandon traditional, pre-COVID ways of doing things and adapt to the VUCA normal – volatility, uncertainty, complexity and ambiguity. He advised entrepreneurs to flip VUCA and turn around the threats of the pandemic with "velocity, unorthodoxy, co-creation and awesomeness – to respond with speed and come up with new ideas, to work together, and to create solutions that can make a difference."

Technologies are developing extremely fast, and the COVID-19 pandemic is accelerating this further. The crisis and technological potential would drive extremely rapid and very disruptive change, he said, with more progress over the next decade than the world had seen over the previous century.

Mr Leonhard said 10 game-changers would shape developments over the coming decade, with the COVID-19 pandemic accelerating the impetus for change. The first game-changer would be "data everything" – with data as the "new oil", businesses need to have the numbers at hand to go forward. "Lots of start-ups in Hong Kong and all over the world are dealing with data," he said. This leads to the second game-changer – "cloud everything", with vast amounts of data calling for copious storage space. The next game-changer would be "connected everything" – through the Internet of Things (IoT) not just everyone but everything, be it appliances or vehicles, will be connected through the internet.

Another game-changer would be "compute everything", with quantum computers that are virtually unlimited in computing power. The next game-changer is "understand anything", whereby natural language processing will enable us to speak to machines as if they were humans. "Smart everything" will see machine learning greatly increasing the ability of machines and systems to adapt to change. Transactions will join communications as a game-changer, as blockchain technologies greatly expand the scope for, and reliability of, transactions.

Mr Leonhard said another game-changing development that will have great relevance to anyone trading in goods is the distribution of production. Improvements in the scope and quality of 3D printing mean items can be produced anywhere. "We will be able to print anything, from our tennis shoes to our wrist watches," he explained. Massive increases in the power of media technologies will expand the scope of media offerings, enabling people to "see everything" in the future through technologies such as virtual reality – and the current trend for working from home had given this a big boost. Improvements in genetic engineering mean it will be possible to "change anything" – a development that has massive ethical implications.

Panellists who appeared alongside Mr Leonhard at the seminar included Karena Belin, CEO & Co-founder of WHub; Toa Charm, Associate Professor, Business School, the Chinese University of Hong Kong; and Herbert Chia, Venture Partner at Sequoia Capital China. Mr Charm said that many Asian conglomerates rejected technological innovation in the past, and it was only when faced with growing competition that they began to open their doors to change. Referencing the current rapidly transforming business environment, he said: "All Asian conglomerates are opening up their doors to new technologies. They are thinking: 'I don't know about this, but I need it because my shopping malls, my hotels, my properties – nobody goes there to buy now'. I think this presents a golden opportunity for all of us – start-ups and technology companies, and enablers like incubators and accelerators."

In response to a question about leadership and how human skills are becoming more valuable, Mr Chia, said: "At this moment, when talking to a lot of CEOs in the field, I find there's a gap between the knowledge they already have and the knowledge needed to translate a business problem into a technology solution. Or, the other way round, where I have a technology solution, but I don't know what to fix." He believes successful leaders will be those who can bridge this gap and give their companies a clear direction.

Agility and understanding social norms

At the "Revive, Redefine" plenary session, William Ip, Managing Director of Carousell Hong Kong, and Crystal Pang, Co-founder of Pickupp, shared tips on entrepreneurship and their personal experiences of turning creative ideas into viable business ventures.

Mr Ip shared three tips with the audience: be agile, be a good listener and keep your business alive. Quoting celebrated scientist Stephen Hawking, who said that intelligence is the ability to adapt to change, Mr Ip highlighted the importance of agility for start-ups and entrepreneurs, especially in a challenging climate. He said that business drivers will change, and that development teams must be ready to adapt. "Being a start-up, we need to act very quickly and stay very close to the market. Sometimes you make decisions that seems to be correct at the time, but we also have to be prudent, agile, and humble – if that decision doesn't turn out to be the right decision, we need to change quickly," Mr Ip explained.

His second tip was to be a good listener. Businesses have to listen to their target audience and address the needs of the market segment, he said. As the retail sector has been hit hard by the COVID-19 pandemic, Carousell has been leveraging its platform to help small and medium-sized enterprises get online and connect with more customers. Lastly, Mr Ip said the most important goal for start-ups must be to stay alive as a business. Enterprises need to prepare for an uncertain future and think ahead to understand what the world will be like tomorrow.

Ms Pang offered insights into the classic question of how both technology and understanding social norms can be used to improve services. Customers want things cheap, flexible and traceable. She noted that while it is now very inflexible to operate a traditional logistics fleet, crowdsourcing was a viable option. "There is a lot of idle capacity in the city, and a lot of people with downtime," she said. "Students, maybe they work until 3pm then have four or five hours of downtime. Semi-retirees, they are still very healthy and can run around and do neighbourhood deliveries. Are we able to utilise them effectively, as long as there is good technology to trace and do quality control?"

Ms Pang also explained how advanced computerised systems were necessary when employing a more flexible and dynamic delivery system. For Pickupp's platform, thousands of deliveries will go out at any given time, all with different weights and dimensions, which need to be bundled together at the lowest cost.

Creating happiness can lead to growth

Katherine Cheung, Chief Marketing Officer at online education platform Snapask, shared on how the start-up has been able to grow its business in a difficult environment at a seminar titled "From Crisis to Chances: Unleashing Opportunities in Challenging Times". She described online education as "hard to start, harder to win".

With the goal of offering the best online learning experience, the Snapask team conducted in-depth research and ran numerous surveys to identify what would make users happy. They found that an instant experience and instant support were important for online learners, especially during the COVID-19 pandemic. In response, the start-up made one small product change, to move all the fast-responding and always-online tutors to every single page possible whenever users log in so they can offer immediate support. Ms Cheung said that faster matching of students and tutors has resulted in more referrals and retentions, so "creating happiness means growth," she said.

Photo download: https://bit.ly/334i18E

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 trade publications, research reports and digital news channels. For more information, please visit: http://www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

Contact:
Please contact Creative Consulting Group or HKTDC's Communications & Public Affairs Department: Creative Consulting Group June Wong Tel: +852 3159 2909 / +852 6986 5822 Email: june.wong@creativegp.com Peggy Mak Tel: +852 3159 2982 / +852 9482 3144 Email: peggy.mak@creativegp.com HKTDC Leslie Ng Tel: +852 2584 4239 Email: leslie.ss.ng@hktdc.org



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com