World Cities Summit 2024 – strengthening collective action for resilient and regenerative cities

SINGAPORE, June 26, 2024 – (ACN Newswire) – The World Cities Summit (WCS) 2024 concluded with about 3,500 delegates and trade visitors, from close to 100 cities, attending various WCS programmes from 2 – 4 June. The Summit brought together global leaders, industry movers and shakers, innovators, and up-and-coming young leaders and entrepreneurs to envision and shape the future of urban development.

Under this year’s theme, “Liveable and Sustainable Cities: Rejuvenate, Reinvent, Reimagine”, more than 40 exhibitors and presenters showcased a diversity of key projects and practical urban solutions through physical booths and concept pitches at the City Innovators stage.

Several recurring themes have emerged during various sessions in the Summit:

Innovation enables cities to address complex urban challenges. Cities must invest in research capabilities to drive innovation, which will in turn translate into new and effective solutions to address common challenges.

Embracing international collaboration is vital in shaping the urban landscapes of tomorrow. Cities must remain open to adapting and incorporating insights and best practices from around the world. Benefits from international collaborations can be leveraged upon to address common challenges and build a collective future of greater liveability and sustainability.

Partnerships and collaborative ecosystems are key in addressing urban challenges. Cities must actively involve its citizens and stakeholders in the planning of its living environment and urban policies. A more engaged citizenry lays the groundwork for a strong partnership between Government and citizens, translating into better policy outcomes and stewardship of resources.

In addition to the extensive discussions and knowledge exchange, the summit provided opportunities for stakeholders from the public and private sectors to forge new alliances, cultivate strategic partnerships, and explore potential avenues for collaboration. A total of 8 Memoranda of Understanding (MOUs) and agreements were inked at WCS 2024. Details on partnerships signed at the Summit are provided in the Annex.

WCS serves as a catalyst for collaborative engagement and knowledge sharing, and continues to be an important convening for cities around the world. The next World Cities Summit will be held in 13 – 15 June 2026, in Singapore. The World Cities Summit Mayors Forum 2025 will be held from 2 – 4 July, hosted by the Lee Kuan Yew World City Prize 2020 Laureate – the city of Vienna. For more information on World Cities Summit, please visit https://www.worldcitiessummit.com.sg/

About the World Cities Summit

The biennial World Cities Summit (WCS) is an exclusive platform for government leaders and industry experts to address liveable and sustainable city challenges, share integrated urban solutions and forge new partnerships. Jointly organised by Singapore’s Centre for Liveable Cities (CLC) and the Urban Redevelopment Authority (URA), key highlights of the Summit include the WCS Mayors Forum, the Lee Kuan Yew World City Prize and the WCS Young Leaders Symposium. For more information, visit www.worldcitiessummit.com.sg

About Centre for Liveable Cities

Set up in 2008 by the Ministry of National Development and the then-Ministry of the Environment and Water Resources, the Centre for Liveable Cities (CLC) aims to distil, create and share knowledge on liveable and sustainable cities.

The CLC’s work spans four main areas: Research, Capability Development, Knowledge Platforms, and Advisory. Through these activities, it hopes to provide urban leaders and practitioners with the knowledge and support needed to make our cities better. For more information, please visit www.clc.gov.sg

About Urban Redevelopment Authority

The Urban Redevelopment Authority (URA) is Singapore’s land use planning and conservation agency. Our mission is ‘to make Singapore a great city to live, work and play’. We strive to create an endearing home and a vibrant and sustainable city through long-term planning and innovation, in partnership with the community.

URA’s multi-faceted role includes being the main government land sales agent. We attract and channel private capital investments to develop sites that support planning, economic and social objectives. We also partner the community to enliven our public spaces to create a car-lite, people-friendly and liveable city for all to enjoy. In shaping a distinctive city, URA also promotes architecture and urban design excellence. Visit www.ura.gov.sg for more information.

For media enquiries, please contact:
Team Lewis (official PR partner of WCS 2024)
Rifdi Jaffar
Senior Campaign Manager
Team Lewis
rifdi.jaffar@teamlewis.com

Annex

MOUs and Agreements inked at the World Cities Summit 2024

Date	MOU/Agreement	Details
2 June 2024	Signing of Letter of Intent with Vienna to host World Cities Summit Mayors Forum 2025	The City of Vienna will host the World Cities Summit Mayors Forum 2025. A Letter of Intent has been signed between Vienna’s representative and the Centre for Liveable Cities.
3 June 2024	Memorandum of Understanding between the Centre for Liveable Cities and the Singapore Management University	For collaborative research in the areas of Climate, Carbon, Infrastructure and Environment, Social-Behavioural Science and Science of Cities, while also leveraging on both parties’ local and international networks of academics, industry leaders and professionals in the above areas. Both parties will also participate in respective knowledge sharing platforms (e.g. WCS, CLC Lecture Series, Urban Institute’s Cities Dialogues) and offer capability development opportunities for staff (e.g. on case study writing and teaching by SMU).
3 June 2024	Memorandum of Understanding between the Centre for Liveable Cities and the Department of Planning and Architecture, the People’s Committee of Ho Chi Minh City, Vietnam, on Sustainable Development	This MOU allows Ho Chi Minh City and CLC to collaborate to share knowledge e.g. CLC will offer capacity building workshops for Ho Chi Minh City officials
3 June 2024	Memorandum of Understanding between Singapore Land Authority and Singapore Management University’s College of Integrative Studies and Urban Institute on Geospatial Capacity Building & Supporting Urban Climate Change Research	Jointly collaborate on leveraging geodata to support research projects on climate change and urban challenges. Enrich the geospatial talent pipeline through participation in co-led activities or collaborative research projects and undergraduate/ postgraduate research opportunities, as well as events to promote greater geospatial outreach and awareness.

3 June 2024	Memorandum of Understanding between Singapore Land Authority and the National Land Commission Secretariat of Bhutan	Collaborate on skills development in support of Bhutan’s national development through the establishment of a comprehensive and robust land administration framework Explore opportunities to deepen Bhutan’s geospatial capabilities
3 June 2024	Memorandum of Understanding between the Centre for Liveable Cities and Arup	Arup has been collaborating with CLC in various workstreams including co-curation of World Cities Summit (WCS) plenaries and roundtable sessions. To deepen the collaboration moving forward, CLC and Arup Singapore have agreed to formalise the partnership through a signing of the MoU that will allow both parties to expand their knowledge-sharing efforts on projects that contribute to the building of liveable and sustainable cities.
4 June 2024	Memorandum of Understanding between the Centre for Liveable Cities and the National University of Singapore	CLC has built a strong partnership with the National University of Singapore (NUS) since 2017, collaborating on research, capability development and knowledge sharing. This new 3-year MOU between CLC/MND and NUS will allow both parties to continue collaborating on research projects, knowledge exchange and capacity building efforts that contribute to the building of liveable and sustainable cities.
4 June 2024	Memorandum of Understanding between the Centre for Liveable Cities and the National League of Cities	The MOU will allow CLC and the NLC to cooperate on knowledge sharing via our mutual networks, conferences and activities.

InnoEX returns with twofold increase in the number of exhibiting countries and regions

Four major HKTDC-organised technology exhibitions will be held in April: HKTDC Hong Kong International Lighting Fair (Spring Edition), HKTDC Smart Lighting Expo, InnoEX, and HKTDC Hong Kong Electronics Fair (Spring Edition)
The events will bring together about 4,300 exhibitors from more than 20 countries and regions
The inaugural Smart Lighting Expo will showcase innovative smart lighting products, solutions and interconnected lighting technologies
InnoEX will display I&T achievements related to smart living, explore innovation and technology prospects and promote cross-sector cooperation

HONG KONG, Mar 22, 2024 – (ACN Newswire) – The second edition of InnoEX, co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), will return to the Hong Kong Convention and Exhibition Centre next month. This year’s exhibition, themed Innovations for A Smarter World, will gather global next-generation smart solutions and disruptive innovative technologies to promote innovation and foster cross-disciplinary cooperation, showcasing Hong Kong’s strengths as an international innovation and technology (I&T) hub.

The HKTDC’s four major technology exhibitions in April – the HKTDC Hong Kong International Lighting Fair (Spring Edition), HKTDC Smart Lighting Expo, InnoEX and HKTDC Hong Kong Electronics Fair (Spring Edition) – will bring together about 4,300 exhibitors from more than 20 countries and regions. The inaugural Smart Lighting Expo and 15th edition of the International Lighting Fair (Spring Edition) will be held from 6 to 9 April (Saturday to Tuesday), showcasing a wide range of cutting-edge smart lighting solutions and innovative products. InnoEX and the Electronics Fair (Spring Edition) will then run from 13 to 16 April (Saturday to Tuesday), presenting creative technology ideas and demonstrations.

Jenny Koo, Assistant Executive Director of the HKTDC, said: “Through our four technology exhibitions, the HKTDC aims to help promote solutions and develop Hong Kong as an international I&T hub. The development of new quality productive forces, as the national priority, will provide a huge market for Hong Kong’s development in innovation and technology, and the digital economy in Hong Kong. InnoEX not only showcases various innovative achievements but also brings together representatives from the governments of Hong Kong, Mainland China and ASEAN, as well as experts from different technological fields, to discuss important issues related to technology and smart city development. Through this approach, InnoEX promotes comprehensive cross-regional and cross-industry cooperation, aiming to enhance local I&T capabilities. The inaugural Smart Lighting Expo showcases smart lighting products, solutions and interconnected lighting technologies, contributing to the development of smart living in synergy with other technology exhibitions.”

International institutions join InnoEX to exhibit innovative solutions

As a founding event of the Business of Innovation and Technology Week (BITWeek), driven by the Hong Kong SAR Government and HKTDC, this year’s InnoEX will bring together exhibitors from 13 countries and regions, doubling the number from last year. Participating exhibitors will come from Hong Kong, Mainland China, Canada, France, India, Poland, Thailand, the United Kingdom and other locations. The pavilion from France, So French So Innovative, will feature renowned cutting edge companies such as STMicroelectronics, Veolia, Thales and Dragages. The Canadian Consulate General will also set up a pavilion. The 20 pavilions from Mainland China nearly double last year’s tally. They come from 16 provinces and cities, including Beijing, Chongqing, Shanghai, Anhui, Fujian, Guangdong, Jiangsu, Jiangxi, Liaoning, Shandong, Shanxi, Zhejiang and their respective cities.

The Smart Hong Kong Pavilion, organised by the Office of the Government Chief Information Officer (OGCIO), drew crowds at the previous InnoEX and returns this year. It will focus on AI and showcase over 100 I&T solutions that are closely related to people’s daily lives. These include innovative solutions adopted by government departments, and a series of winning entries from local innovators and students. The Hong Kong SAR Government’s Innovation and Technology Commission (ITC) is once again joining InnoEX to showcase the remarkable innovations and technological advancements achieved by 16 research centres under InnoHK, a platform fostering collaboration among esteemed researchers from the local, mainland and overseas communities. The showcased centres will present of AI-driven data analytic applications, AI chips, robots for diverse industries, and more.

Other participating units include the five research and development centres under the ITC, local universities, leading-edge tech firms such as PTF AreaTech Company Ltd, NEC Corporation, Yonyou (Hong Kong) Co. Ltd., Goldpac Group Limited, as well as several local pavilions such as the B4B Challenge, Cyberport, Hong Kong Science and Technology Parks Corporation and the Smart City Consortium. Meanwhile, government representatives, relevant industry sectors, academia and research sectors from around the world have been invited to attend and learn about the exhibitors’ solutions and discuss collaboration opportunities.

In view of the rapid development of ASEAN countries and their increasing demand for smart city solutions, InnoEX will host an ASEAN Roundtable on its opening day (13 April). Government representatives from Laos, Malaysia, Thailand, Vietnam and other countries will share their experiences in developing smart cities, discuss collaboration across various sectors and explore sustainable development practices. Exhibitors will also have an opportunity to establish connections with officials from these regions and seek potential collaboration.

Spectrum of activities analyse I&T trends and empower talents

Talent is a crucial asset for the development of the I&T sector. In this year’s InnoEX and Electronics Fair, the HKTDC is collaborating with major recruitment platform Jobsdb, and the Hong Kong Top Talent Services Association to facilitate talent-matching activities, helping exhibitors recruit talents. Job seekers can attend the event on the second day (14 April) and engage with actively recruiting exhibitors to apply for desired positions. The event will also host multiple seminars where human resource experts and industry professionals will share insights on entering Hong Kong’s I&T sector.

InnoEX will also feature thematic activities to support start-up development. These include the Hong Kong Value Creation for Technology: Pitching Competition, Meet the Mentors, Investment Matchmaking, and Start-up Smart Launch sessions, allowing entrepreneurs to promote products and ideas to potential buyers and investors.

The event will present a range of seminars with speakers from the So French So Innovative pavilion, the OGCIO, the Shanghai Municipal Commission of Economy and Informatization, and various innovative technology companies, who will delve into the latest I&T trends. The Hong Kong Alumni Association of Beijing Universities will also organise the inaugural Hong Kong World Youth Science Conference, bringing together top innovation and technology talents and renowned scientists, including Nobel Prize and ACM A.M. Turing Award winning scholars, to discuss important issues in such fields as big data, AI, quantum computing, biotech, and new materials. The conference aims to help industries seize opportunities brought by the latest wave of industrial transformation.

Entering its 20th edition, the HKTDC Hong Kong Electronics Fair (Spring Edition) adopts the theme World’s Leading Electronics Marketplace. The exhibition features three special theme zones – Hall of Fame, Startup Zone and Tech Hall, showcasing innovative electronic products and technological solutions from renowned international brands and innovative technology companies. Many electronic products cater to the silver market by incorporating health-management features.

This year the Energy Storage Zone features products that provide power for outdoor activities and electric vehicles. EV industry leader Tesla will exhibit environmentally friendly electric vehicles at the event. A Digital Entertainment Experiential Zone will offer electronic gaming and interactive experiences from game developers and creative enterprises specialising in extended reality and AI.

On 15 April, the Tech Trends Symposium will be held, discussing The Future of Spatial Computing & Generative AI. Industry experts will be invited to discuss the latest developments in related technologies and equipment.

The 15th HKTDC Hong Kong International Lighting Fair (Spring Edition) and the inaugural HKTDC Smart Lighting Expo will run earlier in April, under the theme Bright Lighting • Smart Living. The Smart Lighting Expo’s highlighted zone, the Smart Ecosystem and IoT Supply Chain Area, in collaboration with the Shanghai Pudong Intelligent Lighting Association, will feature the latest solutions from well-known brands such as Midea, Sunricher, MicRadar and DALI Alliance. Other international brands, such as Helvar and Valta, will showcase lighting innovations. The concurrent Spring Lighting Fair will continue to serve as a one-stop trading platform. Its highlighted zone, the Hall of Aurora, will gather over 260 renowned brands and showcase innovative lighting products and technologies. Other product zones include commercial lighting, decorative lighting, residential lighting, technical lighting and lighting accessories.

The four technology exhibitions will continue to adopt the HKTDC’s EXHIBITION+ model, merging online and offline elements. Exhibitors and buyers can continue to use the Click2Match smart business matching platform for up to seven days after the exhibition. The event also introduces the Scan2Match service, allowing buyers to continue online discussions with exhibitors by scanning QR codes at the physical fairs using the HKTDC Marketplace App.

BITWeek brings exciting I&T events

BITWeek founding events include InnoEX, the Digital Economy Summit co-organised by the HKSAR Government and Cyberport, and the HKTDC Hong Kong Electronics Fair (Spring Edition). BITWeek also features partner events including HKSTP’s Elevator Pitch Competition, HKTDC Smart Lighting Expo and the Hong Kong Web3 Festival, all of which are not-to-be-missed technology events in the industry.

Photos Download: https://bit.ly/43qGVwh

Jenny Koo (centre), Assistant Executive Director of the HKTDC, Tony Wong (right), Government Chief Information Officer and Steve Chuang (left), Chairman, Electronics/Electrical Appliances Industries Advisory Committee of the HKTDC and Chairman of the Federation of Hong Kong Industries attended today’s press conference to introduce highlights and details of the four major technology exhibitions

InnoEX exhibitor PTF AreaTech Company Ltd is promoting application of the Beidou satellite navigation system in Hong Kong. This solution enables precise positioning in remote areas without ground-based signal coverage. The Short Message function allows for the transmission of rescue messages in situations without network connectivity, aiding in emergency rescue operations

The Nano and Advanced Materials Institute (NAMI) presents the Impact Dissipating Bollard for Road Safety, which significantly enhances safety for vehicle occupants and pedestrians during collisions

Hong Kong Centre for Logistics Robotics developed the Tumbler Inspection Robot with Embodied Intelligence for Smart City. The robot improves inspection efficiency and safety while reducing the number of times humans need to enter the tunnels

Veolia’s smart recycling bin incorporates a data management system and offers features such as pest repellent and auto-deodorisation

Kin Technology Limited introduces an automatic pill dispenser that accurately issues the correct dosage of medication with no pre-sorting. It also has remote monitoring and medication management functionalities

AT-Vibe Technology Limited uses handheld 3D laser radar device XGRIDS – Lixel L1 to rapidly construct digital 3D models of public spaces such as architectural features, roads, and parks, providing solutions for tree-collapse prevention and elderly safety monitoring

United Wealth Holdings Limited presents the S52 Carbon Fiber Smart Watch, made from exceptionally durable carbon fibre, which is five times stronger than steel. The watch is equipped with Huawei’s smart module and is water resistant up to 50 metres

Smart Lighting Expo exhibitor Mindstec Asia Limited showcases the Helvar 950 DALI-2 Multi-master Application controller. It supports four DALI-2 networks and can be connected to multiple controllers, enabling automation control, dimming, colour temperature adjustment and compatibility with third-party control devices and BMS building management systems. It can be easily expanded and applied to large and complex projects

KTE Electrical Limited, a Hong Kong International Lighting Fair (Spring Edition) exhibitor, introduces the Arco Series, a Flexible Track Light System. With just one track, it can be installed across ceilings, walls and hanging positions, illuminating every corner. Additionally, it seamlessly integrates with other lighting systems, offering customers a comprehensive and convenient lighting solution

Websites
Hong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.com/en
Smart Lighting Expo: smartlightingexpo.hktdc.com/en
InnoEX: innoex.hktdc.com/en
Hong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com/en

Media enquiries

Yuan Tung Financial Relations:

Anson Wong	Tel: (852) 3428 3413	Email: awong@yuantung.com.hk
Salina Cheng	Tel: (852) 3428 2362	Email: salcheng@yuantung.com.hk
Hing-fung Wong	Tel: (852) 3428 3122	Email: hfwong@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:

Clayton Lauw	Tel: (852) 2584 4472	Email: clayton.y.lauw@hktdc.org
Jane Cheung	Tel: (852) 2584 4137	Email: jane.mh.cheung@hktdc.org
Phyllis Tsang	Tel: (852) 2584 4288	Email: phyllis.km.tsang@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

To view press releases in Chinese, please visit http://mediaroom.hktdc.com/tc

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

PowerUP Asia 2024: Power Semiconductor Innovations Toward Green Goals

TAIPEI, TW, Feb 1, 2024 – (ACN Newswire) – The continuous drive toward decarbonization is fueling power semiconductor innovations—whether in terms of materials, chip design, circuit topologies, or packaging. The need to improve and enhance energy efficiency, one of the most demanding challenges of power electronics, to meet the requirements imposed by international standards and to reduce power waste, is expected to lead to more sustainable electronics products and systems.

PowerUP Asia 2024 is a three-day virtual conference and exhibition highlighting the latest technology developments and trends in power electronics, including wide-bandgap (WBG) devices, power semiconductors, and related technologies, as manufacturers worldwide set their sights on power efficiency, carbon reduction, and greener energy. Organized by

Now on its second year, PowerUP Asia, to be held from May 21–23, 2024, will bring the latest developments in power semiconductor and engineering, and how the industry can explore ways to accelerate the pathway to net-zero carbon emissions.

Who Should Attend

Engineers, researchers, and industry professionals should attend the PowerUP Asian 2024 Virtual Expo and Conference.

Engineers specializing in power electronics, semiconductor technologies, like GaN and SiC, and renewable energy systems will find immense value. Professionals in power management, converters and those exploring advancements in e-mobility and smart-grid infrastructure will gain significant insights.

Furthermore, those interested in gaining hands-on experience with state-of-the-art technologies within this field should attend. Those who possess a genuine enthusiasm for transforming energy efficiency, diminishing carbon footprints, and promoting the worldwide transition to renewable energy sources will find this conference to be of value.

Call for Papers

EE Times Asia is seeking papers for presentation at the upcoming PowerUP Asia 2024. Main conference topics include:

Wide-bandgap semiconductors

GaN devices
SiC devices
Packaging
Measurement and control
Automotive, industrial and consumer applications
Other materials

Power converters and related technologies

Semiconductors
Thermal management
Voltage/current, sensors
DC/DC, AC/DC, AC/AC converters, and inverters
Battery management systems
Applications

Motion control

Drivers and sensors
Electric motors
Semiconductors
Tools
Applications

Tools/test and measurement

Software
Instrumentation
Modules

Power management

Wireless power transfer
Energy harvesting
Supercapacitors and batteries
Modules and systems

All submissions (title and abstract) received by the deadline of March 29, 2024, will be assigned for editorial review, with related communication for acceptance. Please submit your proposals to Stephen Las Marias at Stephen.LasMarias@aspencore.com.

For interested companies, we are offering sponsorship packages to generate leads, raise brand awareness and participate in the conference and exhibition. For more details on sponsorship opportunities, please contact Michael Sun at Michael.Sun@aspencore.com.

The 17th Asian Financial Forum concludes successfully

The 17th AFF concluded today, attracting over 3,600 policymakers and business leaders from more than 50 countries and regions who actively joined vibrant discussions, fostering sustainable development and multilateral cooperation and showcasing Hong Kong’s vibrant economy, setting the stage for conferences and exhibitions in the new year
The Forum arranged over 700 one-on-one meetings, successfully connecting investors with project owners and exploring opportunities in various industries
The AFF facilitated the signing of MoUs and agreements, including the Comprehensive Avoidance of Double Taxation Agreement between Hong Kong and Croatia and Memorandum of Understanding between the Financial Services Development Council and Financial Sector Development Program of Saudi Arabia, deepening business collaborations
On-site polling during the Forum showed that most participants considered the digital economy (31.4%) and electric vehicles (26.1%) the most promising industries in Mainland China

HONG KONG, Jan 25, 2024 – (ACN Newswire) – The 17th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and Hong Kong Trade Development Council (HKTDC), successfully concluded today, attracting over 3,600 financial and business elites from more than 50 countries and regions, including over 70 overseas and Mainland China delegations. The Forum showcased Hong Kong’s thriving economy as participants explored opportunities, accelerated sustainable development and multilateral cooperation and launched Hong Kong’s conferences for the year.

The event was marked by a vibrant atmosphere. Various segments – including the opening session, plenary discussions, policy dialogue, keynote luncheons and cocktail reception – were well attended. Leaders from around the world actively engaged in discussions.

In just two days, the Forum arranged over 700 one-on-one meetings, successfully connecting investors with project owners and exploring opportunities for industry and investment cooperation. After the Forum’s conclusion, participants will have the opportunity to continue discussions and meetings online from tomorrow until 30 January (Tuesday).

Over the two-day physical event, the AFF brought together more than 140 policymakers, international financial and multilateral organisation representatives, financial institutions and corporate leaders from around the world as speakers.

On the first day of the Forum, Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, addressed the keynote luncheon, affirming the importance of Hong Kong as an international financial centre. He said that global cooperation could help solve problems that were even beyond our reach. He believed Hong Kong could play a full role in sustainable development financing, an increasingly important area.

One of the highlights of this year’s AFF was the Plenary Session I – Charting the Path to a Shared Future, hosted by Christopher Hui, Secretary for Financial Services and the Treasury of the HKSAR, bringing together financial officials from around the world to discuss economic challenges countries face. Julapun Amornvivat, Deputy Minister of Finance, Thailand, said: “The Asian Financial Forum is the place where both the public and private sectors can have honest discussions to find solutions to tackle major problems today and transform the economy for the future.” H.E. Dr Mohamed Maait, Minister of Finance, Egypt, mentioned that the world was grappling with rising geopolitical tensions and a lack of clarity about the future, weighing on the achievement of sustainable economic growth. To address global challenges, the world needed to deploy all efforts to coordinate economic policies on a multilateral scale.

On the second day, the Breakfast Panel focused on Unleashing the Dragon’s Currency: Navigating Renminbi Internationalisation on the Global Stage, allowing participants to delve into the renminbi’s growing use worldwide and trends in international demand. Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, addressed the Keynote Luncheon on the second day, which was moderated by Raymund Chao, Asia Pacific and China Chairman, PwC.

Global Spectrum, Dialogues for Tomorrow and Fireside Chat brought together pioneers from various industries to discuss a host of topical subjects, explored the latest Web 3.0 and virtual asset development, the future of fintech innovation, CIO Insights, green finance and opportunities in new markets. Speakers included Bob Prince, Co-Chief Investment Officer of Bridgewater Associates, Dr Ma Jun, Chairman and President, Hong Kong Green Finance Association (HKGFA), Guinandra (Andra) Jatikusumo, Group Director and Chief of Investments & Business Development of CT Corp, Darmawan Junaidi, President Director, Bank Mandiri, Yat Siu, Co-Founder and Executive Chairman, Animoca Brands, and more.

Understanding prospects for mainland industries, environmental economics

To gauge participants’ views on the global economic outlook this year, the Forum conducted on-site voting during panel discussions. For instance, at the Panel Discussion on Global Economic Outlook, participants were asked about the greatest threats or uncertainties to economic growth in the Asia-Pacific. Most attendees identified geopolitical fragmentation (66.7%) as the biggest challenge, followed by a slowdown in the recovery momentum in key economies (17.7%), persistent inflation (6%), a tightened monetary environment (4.2%), continued supply chain reshaping (3.6%) and other factors (1.8%).

In the newly introduced Panel Discussion on Stewarding China’s New Chapter, participants were asked about the most promising industries in Mainland China. The digital economy took top spot with 31.4%. Electric vehicles (26.1%) and renewable energy (18.8%) followed in second and third place, respectively. Advanced manufacturing (15.8%), other industries (4.2%) and electronic devices (3.2%) ranked subsequently.

Over 700 matching sessions held on-site, online platform continues to yield results

Through the years, the Forum has played a crucial role in deepening business and trade collaboration. AFF Deal-making, a global investment project-matching event jointly organised by the HKTDC and Hong Kong Venture Capital and Private Equity Association (HKVCA), was well received, facilitating over 700 one-on-one meetings, connecting funds and investment projects from around the world. The founder of one of the start-ups from Thailand said he had met 20 visitors with potential deals, ranging from a family office to a legal adviser. He also commented that the geographical diversity of the visitors at Deal-making was extensive, ranging from India to Europe and Japan. The deal-making session had presented valuable opportunities to find potential business partners.

This year’s AFF also facilitated the signing of various Memorandums of Understanding (MoUs) and Agreement. These included the Comprehensive Avoidance of Double Taxation Agreement between Hong Kong and Croatia and Memorandum of Understanding between the Financial Services Development Council and Financial Sector Development Program of Saudi Arabia.

The Forum also featured exhibition zones including the Fintech Showcase, Fintech HK Startup Salon, the InnoVenture Salon and Global Investment Zone, presenting innovative solutions from international financial institutions and introducing prospective unicorns from Hong Kong and around the world. The exhibition segment brought together over 140 exhibitors, including international financial institutions, technology companies, start-ups, investment promotion agencies, and sponsors, including knowledge partner PwC, along with HSBC, Bank of China, Standard Chartered Bank, UBS, China International Capital Corporation (CICC), Huatai International and Cyberport.

The 2024 International Financial Week (IFW) commenced on 24 January to create synergies, bringing together over 20 partner events. These events cover a many topics of global interest to the financial and business community. They include private equity investment, alternative investments, sustainable investments, family offices and women’s empowerment, among others. These events highlight the role of Hong Kong as an international financial centre.

To seize opportunities and promote the conference and event economy, the AFF collaborated with various organisations to arrange activities for participants beyond the Forum. These activities included free admission to the Hong Kong Palace Museum, Hong Kong’s iconic Aqua Luna red-sail junk boat, TramOramic tour and open-top Big Bus arranged by the Hong Kong Tourism Board. These experiences allowed forum guests to feel at home and appreciate the vibrancy and diversity of Hong Kong.

Furthermore, to provide overseas participants with a better understanding of the Guangdong-Hong Kong-Macao Greater Bay Area and the vast business opportunities within, organisers will lead a delegation to Shenzhen tomorrow (26 January), including corporate visits and exchange activities.

Websites
Asian Financial Forum: https://www.asianfinancialforum.com/aff/

Photos Download: https://bit.ly/3SvMXru

The 17th Asian Financial Forum, jointly organised by the HKSAR Government and the HKTDC, concluded successfully, attracting over 3,600 financial and business elites who actively participated in the event, creating a vibrant atmosphere for exchanges and showcasing Hong Kong’s thriving economy

Prof Jeffrey D Sachs, President of the UN Sustainable Development Solutions Network, addressed the Keynote Luncheon on the first day

Prof Douglas W Diamond, Nobel Laureate in Economic Sciences in 2022 and Merton H Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business, delivered insightful remarks during the Keynote Luncheon on the second day

Bob Prince, Co-Chief Investment Officer of Bridgewater Associates, an investment veteran, shared his experience in leadership transfer, markets views and investment tactics in Mainland China

The AFF Deal-making, an investment project matchmaking event organised by the HKTDC and the HKVCA, drew strong interest, facilitating over 700 one-on-one meetings and connecting funds and investment projects from around the world, involving more than 270 investors and over 560 projects

Representatives from Hong Kong and Croatia sign the Comprehensive Avoidance of Double Taxation Agreement

The Financial Services Development Council and Financial Sector Development Program of Saudi Arabia sign their MoU

The cocktail reception on the first day invited Paul Chan, Financial Secretary of HKSAR; Dr Peter KN Lam, Chairman of the HKTDC and Luanne Lim, Chairperson of the AFF Steering Committee and Chief Executive, Hong Kong, HSBC, to deliver speeches, fostering lively exchanges among guests from around the world

Media enquires

Yuan Tung Financial Relations:
Anson Wong, Tel: (852) 3428 3413, Email: awong@yuantung.com.hk
Tiffany Leung, Tel: (852) 3428 2361, Email: tleung@yuantung.com.hk
Hing-fung Wong, Tel: (852) 3428 3122, Email: hfwong@yuantung.com.hk

HKTDC’s Communications & Public Affairs Department:
Katy Wong, Tel: (852) 2584 4524, Email: katy.ky.wong@hktdc.org
Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org

HKTDC Media Room: http://mediaroom.hktdc.com

About HKTDC

Dubai Taxi (DTC) Launches Regular Taxi Service for People of Determination

DUBAI, Jan 9, 2024 – (ACN Newswire) – The Dubai Taxi Co PJSC (“DTC”), a leading provider of comprehensive mobility solutions in Dubai, has announced the launch of a new service for people of determination (POD), enabling them to book regular taxis through “DTC App”.

Importantly, it includes the option for users to avail of the same 50% discount that is offered with the dedicated service for people of determination. The system is designed to be accessible for holders of the Sanad card for people of determination in Dubai, enabling them to use this service efficiently and electronically.

The new initiative comes in line with DTC’s commitment to improving services for people of determination, adhering to the highest international standards in public and transport services.

It also reflects the company’s social responsibility and its efforts to introduce smart initiatives that support the government’s goals of integrating and empowering people of determination in the community, thereby enhancing their happiness and quality of life.

Innovative proactive services

Abdullah Ibrahim Al Meer, Acting Chief Business Transformation Officer at DTC, emphasized that the launch of the new service reflects the company’s commitment to continually enhance its services and offer an innovative model of smart and proactive services. “We look forward to enhancing customer satisfaction, particularly among people of determination,” Al Meer added.

“DTC has always strived to align its services with the needs of people of determination, in compliance with the highest global standards, and we will continue to do so to provide them with top-tier transportation services and contribute significantly to Dubai’s reputation as an inclusive city for people of determination,” he further said.

Al Meer noted that there has been a growing demand for DTC’s vehicles designed for people of determination. Consequently, the launch of this digital service is part of the company’s efforts to expand and streamline the provision of transportation services for this group by leveraging modern and efficient methods. This service enables people of determination, including residents, visitors, and tourists, to access regular taxi services conveniently and swiftly, further enhancing their mobility.

Speed and flexibility

Dubai Taxi Company currently offers the “People of Determination Taxi” service through its smart application, featuring modern vehicles equipped with state-of-the-art amenities to ensure a comfortable and convenient transportation experience. The service guarantees safe and reliable transportation options for people of determination, available round the clock.

Dubai Taxi Co App

The “DTC App” is one of the useful public transport apps in Dubai facilitating residents to book exclusive, safe and comfortable taxis and limousines. The app allows users with multiple taxi and payment options, for instance, direct payment or through the credit card. The Dubai Taxi Co App can be downloaded on Android or iOS.

Contact:
The Dubai Taxi Co PJSC (DTC)
Email: media@dtc.gov.ae
URL: https://dubaitaxi.ae/en

More Green Facility Groundbreaking in Nusantara as Investors Are Optimistic

NUSANTARA, Indonesia, Dec 22, 2023 – (ACN Newswire) – Indonesia’s new capital city, Nusantara, in East Kalimantan, is developing fast as more construction of green infrastructure and facilities has been launched this year.

The ongoing infrastructure development in Indonesia's new capital city located in Penajam Paser Utara, East Kalimantan, Indonesia. — *The fourth wave of construction is underway amid ongoing infrastructure development in Indonesia’s new capital city Nusantara, in East Kalimantan. [IMAGE: ANTARA FOTO]*

On Wednesday (Dec 20), President Joko Widodo (Jokowi) launched the fourth wave of project construction in Nusantara, including green buildings developed by the government and private parties (PPPs). The President also inaugurated the first stone laying at the Central General Hospital (RSUP), opening construction in the Nusantara Superblock.

Nusantara will be green, sustainable, and resilient. The Nusantara Capital City Authority (OIKN) is emphasizing a green city concept, for which the government has mandated 65 percent of Nusantara’s area as tropical forest, 10 percent for green and food production areas, and 25 percent for urban areas.

Widodo said all parties are enthusiastic about building facilities in Nusantara’s business, health, and sports zones. The series of groundbreakings are carried out to encourage all parties investing in Nusantara and the developers to start construction immediately.

Project construction that has been started includes the presidential and vice presidential palaces, ministerial housing complex, housing for state apparatus and military/police members, Bank Indonesia (BI) office complex, and the Mentawir nursery.

Other projects include a solar power plant to generate electricity for the capital city, the construction of the PSSI National Training Center supported by FIFA, and supporting infrastructure such as an airport, three private hospitals, one general hospital, an international school, a local elementary school revitalization, hotels, apartments, a shopping center, and a toll road connecting Balikpapan to Nusantara.

One of the prominent green projects is the five-star Hotel Nusantara, which has progressed 34 percent to date. The hotel, with nine floors and 191 rooms, has an area of 20,164 square meters with a building height of 43.10 meters.

The government has estimated that infrastructure development in Nusantara requires a budget of Rp466 trillion (around US$ 30 billion). At least 20 percent of this infrastructure budget will come from the government, while 80 percent is expected to come through Public Private Partnership (PPP) schemes.

The Indonesian government also opens its doors to foreign investors who want to invest in Nusantara. Indonesia lauded the fast movement of several domestic investors to invest and start development in the capital city area. The President conveyed this during the groundbreaking of the Pakuwon Nusantara superblock in early November.

The President said that at least 130 investors from Singapore have come to see Nusantara in person, as well as investors from South Korea, Japan, Malaysia, and the United Arab Emirates. He believes many more investors will come to experience Nusantara as it develops, especially after the toll road and airport are completed.

Issued by:
Ministry of Communication and Information (KOMINFO)
Written by Kenzu Tandiah, Edited by Yuni Arisandy Sinaga
Copyright (c) Antara 2023

Indonesia and Japan Forge Deals in Energy and Transportation Support

JAKARTA, Dec 20, 2023 – (ACN Newswire) – During his visit to Japan, Indonesian President Joko Widodo obtained support in several sectors, including energy, transportation, and the economy. The Indonesian President visited Tokyo to attend the Japan-ASEAN Summit on Saturday (Dec 16) and the AZEC Summit on Monday (Dec 18).

During Monday’s inaugural AZEC Summit (Asia Zero Emission Community), Indonesia obtained at least 24 energy transition projects. “The summit’s deliverables include 69 cooperation agreements on energy transition, 24 of which are projects that will be worked on together by Indonesia and Japan,” Foreign Affairs Minister Retno Marsudi said.

The 24 projects involve various parties, including state-run electricity company PT PLN, state-run fertilizer enterprise Pupuk Indonesia, the National Capital Authority (OIKN), and PPT Energy Trading Co. Ltd., and cover aspects such as capacity-building for energy transition, ‘waste-to-energy,’ decarbonization, and the development of electric transmission, geothermal, and green ammonia.

The AZEC, co-initiated by Indonesia and Japan, is a platform for countries to cooperate in achieving net-zero emissions in Asia and its surrounding areas. Australia, Brunei Darussalam, the Philippines, Cambodia, Laos, Malaysia, Singapore, Thailand, and Vietnam are community members.

Indonesia considers it essential to support cooperation in decarbonization through inclusive financing and the transfer of low-carbon technology. Indonesia hoped Japan would support its downstream mineral industry and emerge as a crucial player in the global supply chain of electric vehicle batteries.

During the bilateral meeting between President Widodo and Japanese Prime Minister Fumio Kishida on Saturday (Dec 16), the leaders discussed the Jakarta Mass Rapid Transit (MRT) system, hoping that construction of the north-south corridor continues as planned with a commitment from Japan for the East-West Corridor, with groundbreaking set for August 2024.

The two leaders witnessed an MoU signing on cooperation worth 10 billion yen (equal to Rp1 trillion) between Harapan Kita Hospital and Tokushukai Medical Corporation to improve cardiovascular services in the Asian region.

Widodo and Kishida also received proposal documents issued during the ASEAN-Japan Young Business Leaders’ Summit and the ASEAN-Japan Gen-Z Business Leaders’ Summit, and they witnessed the exchange of documents on the grant of a patrol ship worth US$ 63.3 million from the Japanese government to the Indonesian Maritime Security Agency (Bakamla).

Besides the economic sector, Indonesia discussed the current situation in Palestine with Japan. Widodo reiterated Indonesia’s commitment to pushing for a lasting ceasefire, planning continuous humanitarian aid, and encouraging the immediate commencement of a peace process to end the prolonged conflict.

Indonesia Urges Collaboration at COP28 to Tackle Climate Change

DUBAI, Dec 4, 2023 – (ACN Newswire) – Indonesia invited multi-party cooperation to realize the carbon neutrality target and tackle climate change at the 2023 UN Climate Change Summit (COP28) in Dubai, United Arab Emirates.

Technicians inspect solar panels on floating generator project at Cirata Reservoir, Purwakarta District, West Java, Tuesday (Sept 26, 2023). The Cirata floating generator is the largest facility in Southeast Asia as Indonesia effort to support carbon neutrality and tackle climate change. (ANTARA FOTO/Raisan Al Farisi/rwa) — Technicians inspect solar panels on a floating generator project at Cirata Reservoir, Purwakarta District, West Java, the largest facility in Southeast Asia, supporting carbon neutrality and tackling climate change. (ANTARA FOTO/Raisan Al Farisi/rwa)

President Joko Widodo revealed on Friday (December 1) that several efforts to develop new renewable energy require significant financing, and developing countries need help.

“Indonesia needs more than US$1 trillion investment for carbon neutrality by 2060. Indonesia invites collaboration from bilateral partners, private investment, philanthropists, and support from friendly countries,” Jokowi said in his statement at COP28, Dubai.

Indonesia continues to work hard to achieve its carbon neutrality target by 2060 or earlier while enjoying high economic growth.

“I am sure many developing countries have a similar position as Indonesia. However, each country cannot carry this agenda alone because collaborative and inclusive cooperation is required in the form of real actions producing real results. That is what we must achieve at COP28,” he said.

Indonesia also urges collaboration in the agricultural sector because of the potential to produce environmentally friendly biofuels. According to Jokowi, agriculture is vulnerable to the impact of climate change, which can reduce food production rates, so cooperation is required to meet global demand.

Additionally, the Indonesia Pavilion at COP28 will discuss further the issue of reducing greenhouse gas (GHG) emissions from the energy and waste sectors, forestry, and other land use sectors.

Minister of Environment and Forestry Siti Nurbaya Bakar said these sectors significantly reduce Indonesia’s GHG emissions. “These sectors contribute to a real reduction in Indonesia’s GHG emissions of 42.1 percent in 2023 as compared to business as usual,” Siti stated during the opening of the Indonesia Pavilion.

Indonesia already has an operational plan to implement the forestry and other land use (FOLU) Net Sink 2030 agenda. The FOLU sector remains the most significant contributor to reducing Indonesia’s GHG emissions, reaching 60 percent.

Siti expressed confidence in Indonesia’s ability to meet the FOLU Net Sink 2030 objective, citing recent progress in deforestation reduction.

Indonesia also proved its leadership in climate action by controlling peat fires during this year’s El Nino, which did not cause transboundary haze.

The Indonesia Pavilion at COP28, with the theme “Indonesia’s Climate Actions: Inspiring the World,” will host 77 panel sessions with 379 speakers. The sessions provide opportunities to explore ideas, opportunities, and networking in the context of strengthening efforts to control climate change in Indonesia. This will feature offline and virtual climate action exhibitions and a talk show featuring the government and all parties’ climate activities.

Guyana Innovation Group (GIG) Unveils Ambitious Vision: Guyana Innovation Village at the Heart of Silica City Masterplan

GEORGETOWN, GUYANA, Nov 22, 2023 – (ACN Newswire) – In a historic development, the Government of Guyana, alongside the Guyana Innovation Group (GIG) and the University of Miami, has announced a transformative agreement for developing the Masterplan for Silica City. This pioneering urban project, designed to become a future city for the nation, is positioned on an 11,000-acre area near the Guyana International Airport.

President Irfaan Ali (President of Guyana), Julio Frenk (President UoM), Dr. Felicia Knaul, Dean Rodolphe el-Khoury (UoM), Professor Jose Gelabert-Navia (UoM), Rodrigo Veloso (co-founder Guyana Innovation Group) and other representatives

Conceived by the University of Miami’s School of Architecture, the Masterplan will integrate advanced technology, sustainable practices, and a vibrant lifestyle, symbolizing a new era in city design. Silica City aspires to be a model of sustainability, resilience, and futuristic thinking.

President Irfaan Ali’s vision for Silica City reflects his administration’s commitment to the welfare and sustainable future of Guyana. Guyana, the fastest-growing economy globally, is on a path of modernization and sustainable growth.

Following the inauguration of the Innovation Village in Georgetown in September 2022, Guyana’s strategic initiatives continue to advance. The Innovation Village will become a central feature of Silica City, marking Guyana’s transition to the forefront of the information age, encompassing elements of industrial, digital, biomedical, and Artificial Intelligence sectors.

The Guyana Innovation Village has attracted interest from global corporations, eager to collaborate and invest in Guyana. GIG’s efforts have drawn attention from the DAR Group, UMusic Hotels, a renowned international Logistics Company, Alder Fuels, OEC, and various MIT Centres.

Innovation Village introduces “innovation districts,” an urban model promoting synergies between public and private sectors, academia, and NGOs, to foster societal change. Leveraging technologies like blockchain, AI, and big data, these districts aim to nurture local talent and innovative solutions. A highlight is the inclusion of an all-electric motorsports, and water circuits, emphasizing innovation and sustainability.

GIG is in discussions with global tech companies to develop the framework for Silica City, aiming to establish it as a leader in smart city technology.

Rodrigo Arboleda Halaby, co-founder and Chairman of GIG, emphasized the transformative impact of the Silica City Masterplan. Co-founder Rodrigo Veloso highlighted Guyana’s potential and business-friendly environment.

Bashar Rihani, Director of the DAR Group, expressed enthusiasm for supporting Silica City and the Guyana Innovation Group.

Ahead of COP 28 in Dubai, GIG has explored cities in the UAE, Saudi Arabia, and Qatar for insights applicable to Guyana.

The Silica City Masterplan aims to set a new standard in sustainable urban planning, showcasing the collaborative spirit of Guyana, Guyana Innovation Group, and the University of Miami.

Contact Information
Rachel Green, Public Relations
pr@guyanainnovationgroup.com

Related Image
President Irfaan Ali (President of Guyana), Julio Frenk (President UoM), Dr. Felicia Knaul, Dean Rodolphe el-Khoury (UoM), Professor Jose Gelabert-Navia (UoM), Rodrigo Veloso (co-founder Guyana Innovation Group) and other representatives

Related Image
Technical meeting led by His Excellency President Irfaan Ali

Related Image
Minister of Housing and Water Collin David Croal, Minister within the Ministry of Housing and Water Susan Rodrigues and the planning and development team

Driving Innovations in Technology

By Wu Yiling, Director, TAITRA Singapore

SINGAPORE, Sept 7, 2023 – (ACN Newswire) – The digital landscape is evolving at an unprecedented pace, and the convergence of emerging technologies is poised to shape the future of connectivity, communication, and business operations. Among the driving forces behind this transformation are innovations in 5G, smart telecoms, security, enterprise solutions, and Internet of Things (IoT) applications.

Understanding the emerging trends and prospects in these areas is vital for individuals and organizations alike. It provides a competitive edge by enabling businesses to embrace new technologies, differentiate themselves, and seize market opportunities more quickly and effectively. Taiwan has long been recognized as a major player in the technology industry, with a strong focus on semiconductor manufacturing, information, and communication technology (ICT), biotechnology, and other emerging sectors. Singapore, as the pioneer of nationwide 5G capabilities in the region, holds promising opportunities for collaborations and partnerships between Taiwan and Singapore. Both economies have robust ICT industries and share complementary strengths, making them natural partners for mutual growth and advancement in this sector, creating new business opportunities and addressing common challenges.

Looking towards the future, the trends in smart telecom, enterprise solutions, and IoT applications are set to catalyze transformative change in future technologies.

Smart Telecoms, Enterprise Solutions and AIoT Innovation

The transformative capabilities of 5G lie in empowering advanced applications and fostering innovation, productivity, and connectivity. In the realm of intelligent technologies, their integration has become indispensable for enhancing efficiency and optimizing performance across networks.

The contemporary trends within the sphere of smart telecommunications encompass intelligent network management, network virtualization, and the infusion of artificial intelligence into telecommunications operations. The notion of smart telecoms holds substantial potential, ushering in self-organizing networks, proactive fault detection, and personalized customer experiences. As this industry evolves, there’s an escalating requirement for comprehensive software solutions and cloud services to facilitate seamless cloud migration.

A prime example is PLANET Technology Corporation, a preeminent global supplier of IP-based networking solutions and products tailored to SMBs, enterprises, and network infrastructures supporting IoT, IIoT, and IoV applications. Their expertise ensures a high caliber of security, execution, and reliability in cross-national projects, thereby addressing the burgeoning demand for cloud migration.

On the horizon, enterprise solutions are poised to provide software and systems engineered to optimize business operations and decision-making. The present trends encompass embracing cloud-based solutions, integrating AI, and harnessing data analytics. Prospective vistas for enterprise solutions encompass intelligent automation and autonomous decision-making, cutting-edge collaboration tools and virtual workspaces, and predictive analytics fostering proactive business insights.

Additionally, the convergence of AI technologies with IoT devices is catalyzing the emergence of intelligent and autonomous capabilities. The future landscape of AIoT holds promise, envisioning cognitive IoT systems characterized by contextual comprehension, swarm intelligence, and collaborative AIoT networks. Noteworthy in this arena is EMS, a prominent player dedicated to delivering IoT smart metering solutions, aimed at aiding consumers in minimizing non-revenue water (NRW) and enhancing the efficiency of water management systems. Their focus aligns with ushering industries into the realm of AI, as evidenced by their Vision Studio—an accessible zero-code AI model development tool designed to dissolve technical barriers and broaden access to AI development.

As we navigate the digital revolution, understanding the emerging trends and prospects in 5G, smart telecom, security, enterprise solutions, and AIoT applications is key to unlocking their immense potential. These technologies have the power to revolutionize industries, drive innovation, and improve connectivity, efficiency, and security towards a prosperous and technologically driven future.