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JPMD and FIMO JSC Upgrade Vietnam's Industrial Real Estate Information Platform "PIVASIA" and Start Offering Paid Membership Service
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SABUY wins at the 10th Global Brand Awards
Zurich Insurance leads SERIES B fundraise for global cyber insurtech BOXX Insurance
TORONTO, Jan. 31, 2023 /PRNewswire/ -- BOXX Insurance, the Toronto headquartered insurtech that combines cyber insurance and security, announced a US$14.4 million Series B funding round, bringing the total amount raised from investors to US$24.5 million in the last 16 months. The latest investment was led by global giant, Zurich Insurance Company Ltd (Zurich). BOXX also today announced that its business met its combined goal to grow 10x in the last 24 months whilst continuing to outperform its underwriting targets. Over 250,000 individuals and 10,000 businesses are protected by BOXX. "Our goal was always to help our customers stay ahead of cyber threats in addition to being there to help them respond and recover from an incident," said BOXX Co-founder and CEO Vishal Kundi. "We've been making a lot of headway with this and additional category expansion." In October, BOXX acquired Cyber security platform Templarbit and has begun the integration of its threat intelligence software into its product suite and underwriting framework. Over the course of 2022, the company launched its Hackbusters Incident Response, virtual CISO service for businesses, a new mobile app solution for consumers, in addition to testing a number of new security-based initiatives. "We're not only seeing more of our existing cyber insurance customers adding our security products, but also seeing new customers coming in attracted by our latest security products and services," Kundi said. BOXX's mission to make the world a digitally safer place has led to its presence expanding across North America and other selected markets poised for growth. BOXX increased its staff from 5 to 36 in the last year. In addition to expanding its go-to-market team and adding new products, BOXX has also implemented upgrades to its underwriting platform and tools including third party integrations. "We've seen how difficult it is to build cyber insurance solutions for the small business and consumer segments – it is costly and requires deep technical expertise to stay ahead. BOXX addresses these challenges unambiguously, affordably, and with a genuine understanding of what customers and their risk advisors need," said Jack Howell, CEO of Zurich Global Ventures. "Helping customers with innovative digital solutions and embedding them into the customer journey, is critical. It's impressive to see the simplicity in how BOXX is tackling such a complex global challenge." About BOXX Insurance BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. BOXX Insurance Inc. is privately-held with headquarters in Toronto, Canada. BOXX's vision is to help businesses, individuals and families stay ahead of, respond to and recover from cyber threats, putting their digital safety first. For further information, please visit www.boxxinsurance.com Media Contact: email@example.com
Azentio Software recognized as a Notable Vendor in Leading Research Firm's Digital Banking Engagement Platforms Report
SINGAPORE, Jan. 31, 2023 /PRNewswire/ -- Azentio Software ('Azentio'), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that it has been recognized as a Notable Vendor in the Digital Banking Engagement Platforms (DBEPs) Landscape Report, Q1 2023, published by leading research and advisory firm Forrester. The report aims at helping digital leaders in banking, understand the value they can expect from a DBEP vendor, learn how vendors differ, and select one based on size and market focus. In this new report, Forrester provides an overview of 38 digital banking solutions. The DBEPs' report identifies Azentio Software as a Notable Vendor in the Financial Services & Insurance industry in the Middle East & Africa (MEA) and Asia Pacific (APAC) geographies for end-to-end DBEP offerings. Forrester defines a DBEP 'as a cross-channel/omnichannel banking solution that enables an integrated, seamless, and comprehensive customer and employee experience across touchpoints.' The firm explains that a DBEP's typical functionality includes agile support for banking and channel-specific business requirements, analytics, digital sales and marketing, engagement infrastructure, and a single view of customers, products, and services. The report identifies four core use cases most frequently sought by banks: onboard new retail banking customers; originate consumer products; provide consumer account management; and improve digital customer service. Azentio's end-to-end DBEP offering addresses these core use cases with advanced digitalization features that enable omnichannel capabilities, self-service digital suite, and advanced security practices. With a strong three-decades legacy in providing technology-enabled innovation in financial services, Azentio today serves over 250 financial institutions across 45 counties. Azentio ONEBanking Digital solutions enable enterprises, both in the conventional and Islamic financial services sectors, to continually and swiftly define and redefine customer engagements across the entire spectrum of functions - lending, core banking, treasury, and trade finance. Tony Kinnear, Chief Executive Officer of Azentio, stated, "We believe this recognition is a true testimony of the maturity of Azentio ONEBanking platform for market adoption. Forrester's mention adds to our credentials as a technology vendor who understands the value that banks need to deliver to their customers. We hereby reiterate our commitment to continue investing in our open end-to-end platform to deliver a modern architecture that helps our clients efficiently provide differentiated digital customer experiences that accelerate growth and loyalty." About Azentio Software Azentio provides mission-critical software products across Asia Pacific, Middle East, Africa and India to banks, Islamic financial institutions and insurance companies. It also provides ERP solutions to mid-market enterprises.
MILKEN INSTITUTE PUBLISHES RECOMMENDATIONS FOR PHILIPPINES SOVEREIGN WEALTH FUND
MANILA, Philippines, Jan. 31, 2023 /PRNewswire/ -- The Milken Institute has released a report, "Best Practices of Sovereign Wealth Funds: The Case for the Philippines," in support of the Philippines' creation of a fund. The report is based on a series of expert group meetings from the Milken Institute's Financial Innovations Lab® held in September 2022 and provides actionable recommendations for government leaders to consider as they design the structure for the planned Maharlika Investment Fund (MIF) to meet development goals. Ahead of the report's release, Budget and Mangement Secretary Amenah Pangandaman, said during the Kapihan sa Manila Bay forum in December, "We tapped them [Milken Institute] to help us when we were working on the type of sovereign wealth fund, because there are several types – some are using it for their pension system, others are using it for their natural resources. Ours is for development, to develop and to fund at least our infrastructure projects and programs." A well-structured SWF with strong governance will help the Philippines to attract foreign investment, increase the return on investment in national savings, and promote growth and social development. As the Milken Institute's Senior Director of Innovative Finance, Caitlin MacLean notes "The creation of the MIF will give the Philippines the opportunity to strengthen their economy, allowing for long-term investments in the nation's infrastructure." The Milken Institute's report summarizes several imperatives: Articulate a clear objective with funding that can accelerate investment goals. Create a ring fence around revenue sources to ensure flexibility and minimize political conflict of interest. The legislation to create the SWF should set forth the funding source(s), allowing for future surpluses or revenue as the economy evolves. Create a governance structure with a clear delegation of duties, operational accountability, and disclosure policies based on the Santiago Principles to ensure effective communication, control, and supervision of the fund. Consider using investment professionals and independent experts to manage and oversee the fund for enhanced financial expertise and political neutrality. Engage community stakeholders, capital markets, government leaders, and the public through a structure for disclosure of operations and activities. This engagement will help sustain buy-in and support in the years ahead. Design a long-term investment strategy, and designate performance benchmarks aligned to short- and long-term goals, minimal currency risk, and a range of indicators to measure financial performance, ESG risk, and developmental goals. Benchmarks and indicators offer defined boundaries for savings, investments, and withdrawals, and serve as a template for disclosing investment and economic outcomes that include both quantitative (financial) and qualitative (social impact) information. The recommendations from the report are being shared with government decision-makers and stakeholders working on creating the MIF. The Milken Institute continues to support the Philippines in this endeavor and will provide a forum for follow-up conversations. About the Milken Institute The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful like. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lends of what's pressing now and what's coming next. For more information, visit www.milkeninstitute.org. About the Milken Institute Asia Center The Milken Institute Asia Center extends the reach and impact of Milken Institute programs, events, and research to the Asia-Pacific region. We identify opportunities to leverage the Institute's global network to tackle regional challenges, as well as to integrate the region's perspectives into the development of solutions to persistent global challenges.
Shenzhen Delegation Went to Singapore to Conduct Economic and Trade Exchanges, Seizing Opportunities for Development and Cooperation
SINGAPORE, Jan. 30, 2023 /PRNewswire/ -- On January 28, the first day of work in the Lunar New Year, the Guangdong Provincial Committee of the CPC and the People's Government of Guangdong Province held a provincial High-quality Development Conference to mobilize and deploy the key work throughout the year, so as to promote the whole province to form an enterprising trend of catching up with each other on the road of high-quality development. On the day of the Conference, at the invitation of the Embassy of China in Singapore, Commerce Bureau of Shenzhen Municipality and Nanshan District Government organized enterprises to go to Singapore for city promotion, product promotion, enterprise visits and economic and trade exchanges. The Embassy of China in Singapore held the 2023 "Prosperity and New Vision" Spring Festival Cultural Celebration in Singapore. Through the on-site production and display of intangible cultural heritage, the modern aesthetic interpretation of traditional cultural content and the interaction of high-tech forms, the brilliant achievements of creative transformation and innovative development of Chinese traditional culture are displayed, which shows the charm of contemporary Chinese culture. Taking advantage of the opportunity of the event, the Shenzhen delegation set up a Shenzhen exhibition hall with the theme of "Carry Forward Shenzhen's Stories" to tell the Shenzhen stories well, highlight the characteristics of Shenzhen and show the Shenzhen brands. On January 29, the Shenzhen Exhibition Hall was officially unveiled, showing Singapore the achievements of Shenzhen's 43 years of reform and opening up, and vividly depicting a new picture of Shenzhen's integration of culture and technology. Wang Ruijie (Heng Swee Keat), Deputy Prime Minister and Minister of Economic Policy Coordination of Singapore, and Sun Haiyan, the Ambassador of China to Singapore attended the event. This Shenzhen Exhibition Hall is sponsored by divided into three exhibition areas:"New Story - Theme Area", "New Technology - Exhibition Area" and "New Experience - Interaction Area". Next, the Shenzhen delegation will also visit well-known institutions and enterprises such as Singapore Information and Media Development Bureau, Singapore Keppel Enterprise, and Singapore Yanlord Group to discuss and exchange on Shenzhen-Singapore smart city cooperation and the construction of Shenzhen-Singapore high-tech park, give full play to the advantages of Shenzhen and Singapore, deepen the docking and cooperation between the two sides, and achieve mutual benefit and win-win results.
ROYAL CANADIAN MINT HONOURS BLACK HISTORY WITH COIN PAYING TRIBUTE TO THE BLACK CANADIAN VOLUNTEERS OF NO. 2 CONSTRUCTION BATTALION
OTTAWA, ON, Jan. 30, 2023 /PRNewswire/ -- No. 2 Construction Battalion, the first and only all-Black battalion-sized unit in Canadian military history, is being remembered on the 2023 issue of the Royal Canadian Mint's ongoing Commemorating Black History series. In the opening years of the First World War, hundreds of Black Canadians eagerly tried to enlist for Canada, but racism prevented many from joining their white compatriots on the battlefields overseas. In 1916, persistent lobbying and a request from the British for labour battalions provided the opportunity for a Black unit to be created. No. 2 Construction battalion would serve alongside the Canadian Forestry Corps in the forests of France. They helped with lumber and milling operations, including the loading and transportation of finished timber by rail. This timber was vital to the Allied war effort, lining trenches, supporting observation posts and for the construction of aircraft in France. A few battalion members even fought and suffered casualties while serving with other Canadian Expeditionary Force units. The battalion returned to Canada in early 1919 and was disbanded in 1920. After much research, writing, story telling and advocacy, descendants of No. 2 Construction Battalion and their allies successfully campaigned for a formal apology for the racism and discrimination endured by battalion members, which the Right Honourable Justin Trudeau, Prime Minister of Canada and the Honourable Anita Anand, Minister of National Defence, delivered before descendants assembled in Truro, Nova Scotia on July 9, 2022. Released in conjunction with the annual observance of Black History Month, the 2023 $20 Fine Silver Coin – Commemorating Black History honours the service and sacrifice of the proud members of No. 2 Construction Battalion. It is available as of today. "At the outbreak of the First World War, many Black men felt the call to serve their country. Many were rejected due to anti-Black racism. After years of lobbying, No. 2 Construction Battalion was authorized in 1916," said Russell Grosse, Executive Director of the Black Cultural Centre for Nova Scotia. "These brave men had to fight for the right to serve, they provided valuable logistical support to the frontlines. This coin commemorates the remarkable legacy of No. 2 and builds on the formal Apology that was given by the Government of Canada this past summer to ensure that this important history is remembered." "Those who step forward to serve our country deserve to be honoured. But for far too long—and for no reason but the colour of their skin—the men of the No. 2 Construction Battalion did not receive the recognition that their service to Canada deserved," said the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance. "We have a responsibility to remember their sacrifice, and this coin will help ensure that more Canadians learn about and pay tribute to those who fought for the right to so bravely serve in uniform." "Despite facing discrimination before, during, and after their service in the Great War, the men of No. 2 Construction Battalion bravely served our country. We are forever in their debt," said the Honourable Anita Anand, Minister of National Defence. "Together with Canada's official apology to the Battalion's members and descendants last summer, this coin will commemorate their remarkable contributions and help raise awareness of the Battalion. Today, we reaffirm our gratitude to these courageous men, and vow to never forget their service to Canada." The reverse design of this 99.99% pure silver coin, by artist Kwame Delfish, features a soldier of No. 2 Construction Battalion, standing at attention between two railroad tracks. His battalion's cap badge is prominently displayed on his right, adjacent to a landscape of France's Jura region, where the battalion assisted with logging and building a railroad. To his left, battalion comrades marching in a parade prior to their March 1917 deployment to Europe. "The existence and accomplishments of the men of No. 2 Construction Battalion is another part of Canadian history that is to be acknowledged, celebrated and honoured -forever," said artist Kwame Delfish. "I hope I was able to capture these honourable men in a way that represents their strength and resilience, while also raising awareness about the important role that No. 2 Construction Battalion had in the Canadian armed forces." The obverse of the coin features an updated obverse design that will appear on 2023 collector and bullion coins until a new permanent obverse is adopted on Canadian coins. The Susanna Blunt-designed effigy of Queen Elizabeth II, set against a repeating maple leaf-patterned background, is accompanied by a special marking consisting of a vertical inscription of the dates "1952" and "2022", separated by four pearls symbolizing the four effigies that have graced Canadian coins throughout the reign. "The Royal Canadian Mint is proud to continue supporting the national celebration of Black History Month with a beautiful silver coin that shines a much-needed spotlight on the story of No. 2 Construction Battalion to life," said Marie Lemay, President and CEO of the Royal Canadian Mint. "Each new coin adds a piece to the incredible mosaic that is Canada's history and we are pleased that we can permanently record the honourable achievements of the men of No. 2 Construction Battalion on a beautiful silver coin that can be passed down from generation to generation." Limited to a mintage of 5,500, the 2023 $20 Fine Silver Coin Commemorating Black History - The No. 2 Construction Battalion retails for $99.95. This new collectible may be ordered as of today by contacting the Mint at 1-800-267-1871 in Canada, 1-800-268-6468 in the US, or at www.mint.ca. It will also be available at the Royal Canadian Mint's boutiques in Ottawa and Winnipeg, at participating Canada Post outlets, and through the Mint's global network of dealers and distributors. Images of this coin are available here. About the Royal Canadian Mint The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on Twitter, Facebook and Instagram. Media are asked to contact: Alex Reeves, Senior Manager, Public Affairs, Telephone: 613-884-6370, firstname.lastname@example.org
CPP Investments Anchors New IndoSpace Fund with US$205 Million Investment
MUMBAI, India, Jan. 30, 2023 /PRNewswire/ -- Canada Pension Plan Investment Board (CPP Investments) today announced an investment of US$205 million as an anchor investor in IndoSpace's new real estate fund. IndoSpace is a leading real estate company in India. The investment marks the first close for IndoSpace Logistics Parks IV (ILP IV), the company's fourth development vehicle, targeting US$600 million of total equity commitments. This is the latest venture between CPP Investments and IndoSpace. The first joint venture, IndoSpace Core, was established in 2017 and now owns the largest portfolio of stabilized modern logistics assets in India. CPP Investments has also invested in ILP III. Following the investment in ILP IV, the partnership will exceed US$1 billion in assets. ILP IV will add an additional 25-30 million square feet to the IndoSpace portfolio, furthering IndoSpace's leading position in the Indian market. ILP IV will focus on India's largest logistics real estate markets: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. The establishment of ILP IV follows on from the first three development funds, which have a combined total of 56 million square feet of modern logistics real estate in India. Hari Krishna V, Managing Director, Head of Real Estate India, CPP Investments, said, "Over the past few years, we have made numerous investments in India's industrial space, where we see strong demand as the manufacturing sector continues to grow and the e-commerce sector matures. We are pleased to be working with our longstanding partner IndoSpace to further capitalize on opportunities in this space and believe this investment will deliver strong risk adjusted returns for CPP contributors and beneficiaries." Brian Oravec, Managing Partner and CEO, IndoSpace Capital Asia, said, "We are excited to extend our successful partnership with CPP Investments. CPP Investments' commitment to ILP IV is a testament to IndoSpace's leadership in the industrial and logistics real estate space in India. ILP IV will allow us to continue to expand our unique national network to better serve our customers. Industrial and logistics infrastructure is a key enabler of economic growth. To meet India's aim of becoming a US$5 trillion economy by 2025, IndoSpace is excited to continue to be one of India's key infrastructure creators."
DELHIWOOD 2023 - HERALDING A NEW ERA FOR THE INDIAN WOODWORKING AND FURNITURE MANUFACTURING INDUSTRY
Leading players from the woodworking and furniture manufacturing segment will converge at DELHIWOOD 2023 from the 2-5 March at India Expo Mart, Greater Noida (DELHI NCR) after 4 years. The 2023 edition of DELHIWOOD, organized by NuernbergMesse India will witness participation from 600+ brands from 37+ countries and 10+ country pavilions. NOIDA, India, Jan. 30, 2023 /PRNewswire/ -- THE EVOLUTION OF THE WOODWORKING INDUSTRY, INDIA AT THE FOREFRONT The demand for wooden furniture has increased manifold in India. India is the fifth largest furniture producer at a global level and the fourth largest consumer of furniture. The market was valued at $ 17.4 Bn in FY21 and is predicted to reach $ 37.7 billion by 2026. DW IME NM Logos Luigi De Vito, President, Eumabois (European Federation of Woodworking Machinery Manufacturers, SCM Group General Manager and SCM Wood Division Director is upbeat about the scope of the Indian market and Industry, "India enjoys a favourable place in the Asian market, it has the technology, the talent as also the demand. So, all in all it is for sure worthwhile to invest in India looking at the great potential the country has on offer". As a knowledge sharing forum, DELHIWOOD will feature multiple seminars on latest trends and innovations organized by leading Industry associations as well as Skill development programs organized by the Furniture & Fittings Skill Council of India. Visitors including furniture manufacturers, kitchen manufacturers, saw millers, board manufacturers, fittings and component manufactures, traders, architects, builders and interior designers can look forward to the latest in technologies, materials and innovations over the 4-day event. The second edition of 'Wood in Architecture and Design' - one day conference, to be held on the 3rd of March will explore through panel discussions, expert presentations and interesting case studies the application of wood as a construction material. https://w-a-d.in/ INDIA MATTRESSTECH + UPHOLSTERY SUPPLIES EXPO, held concurrently will have on display the latest technology for mattress production machinery and supplies, mattress finishing machinery and supplies, production tools and equipment, upholstery production technology, bed systems, new materials etc. Further information on the event is available at https://www.delhi-wood.com/, http://www.indiamattressexpo.com/ For further information, please contact: Exhibition:Pradeep Kumar GopalPortfolio DirectorE: email@example.com T: +91-8046748888
Sino Land Becomes the First Developer in Hong Kong To Be Ranked Among the World's Top 100 Most Sustainable Corporations
HONG KONG, Jan. 30, 2023 /PRNewswire/ -- Sino Group is pleased to announce that Sino Land Company Limited ('Sino Land') has been ranked among Global 100's most sustainable corporations at the 19th Annual Global 100 Launch. As the first and only real estate company in Hong Kong to be included in this world leading sustainability index, the 2023 Global 100 ranking recognises Sino Land's continuous efforts and solid performance on key ESG metrics, and also reinforces its strong commitment to excellence in sustainability leadership on the global stage. This year's Global 100 companies were selected based on a competitive assessment of 6,720 companies with more than US$1 billion in revenues across 25 Environmental, Social and Governance (ESG) performance indicators, in particular, decarbonising the economy and creating more equitable workplaces. Sino Group is dedicated to sustainability and strives to achieve the 38 goals formulated in its Sustainability Vision 2030, reflecting the commitment to making every aspect of its operations a driver of sustainability. This ranking is an accolade in recognition of Sino Land's sterling effort in alignment with international best practices over the years. Mr Daryl Ng, Deputy Chairman and Chairman of the ESG Steering Committee, said, 'We are humbled and delighted to become the first developer in Hong Kong to be recognised among the Global 100 Most Sustainable Corporations, marking a milestone for the sustainability development of the local property industry. My sincere thanks goes to our like-minded partners and dedicated colleagues who have joined us on our sustainability journey. Moving forward, we will continue working together with the community and industry collectively inspiring positive changes and contributing to a better future.' Toby Heaps, CEO, Corporate Knights, said 'Sino Land is the first developer in Hong Kong to be ranked among the world's top 100 most sustainable corporations. Their green building portfolio underscores the powerful role developers have in speeding up the transition to a sustainable economy.' Since 2005, the Global 100 has been one of the world's most valued and transparent rules-based sustainability ratings that emphasises the impact of a company's core products and services. This annual ranking devised by Corporate Knights, a Toronto-based international media and investment research firm, quantitatively compares and ranks the world's largest publicly traded companies. Sino Land becomes the first developer in Hong Kong to be ranked among the Global 100 Most Sustainable Corporations.
VF CORPORATION OPENS NEW DESIGN COLLECTIVE AND REGIONAL OFFICE IN TOKYO
New design hub in Harajuku district will drive innovative product design and support expanded business growth across Asia-Pacific and beyond DENVER and TOKYO, Jan. 30, 2023 /PRNewswire/ -- VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced the launch of the Tokyo Design Collective (TDC) and new regional office in Tokyo's Harajuku district, internationally recognized as a center of Japanese youth culture and fashion. The office will be the new home for VF's Dickies®, Timberland®, and Vans® brands in Japan, as well as the newly created TDC team. The mission of the TDC is to reinforce VF's commitment to infusing aspirational Japanese product design and craftsmanship into its iconic global brands. "Our TDC and brand teams in Japan are incredibly excited about our new home in the heart of Harajuku and the role it will play to drive a global brand halo through what we call our 'Japan for Japan for the rest of the world' strategy,'" said Mitch Whitaker, President of North Asia and Tokyo Design Collective. "We will use this new center to inspire new design concepts that not only connect with the Japanese consumer but will translate and gain traction in other global markets as well." The TDC will leverage the expertise of an in-house design team in addition to a network of freelance designers, artists, and Japanese brands to develop and promote new expressions of Japanese fashion. It will also serve as a global incubator for talent and inspiration through a "Design in Residence" program that will welcome designers from across VF's global brands to live, work, and co-create together in this internationally recognized hub for Japanese streetwear culture. The TDC's fully resourced design studio is already engaged in several new projects across VF's brand portfolio, many of which will launch later this year. "The launch of the new Tokyo Design Collective represents an exciting new chapter in the global expansion of the Dickies brand," said Lance Meller, Global Brand President of Dickies. "We look forward to taking advantage of the incredible design talent and commitment to Japanese craftsmanship these teams will enable, as well as the valuable consumer insights we can capture in this trend-setting market to accelerate growth in Japan and markets around the world." For accompanying images, please visit: https://vfc.filecamp.com/s/o/eVExi16TggBEcm5D About VF Corporation Founded in 1899, VF Corporation is one of the world's largest apparel, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. Our purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. We connect this purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good. For more information, please visit vfc.com.
KT&G executing a long-term agreement with PMI, continuing global expansion of its smoke-free product 'lil'
Securing profitability and growth for global NGP with a 15-year long term agreement SEOUL, South Korea, Jan. 30, 2023 /PRNewswire/ -- KT&G(CEO Baek Bok-In) has entered into a new long-term agreement of 15 years with the global tobacco giant, Philip Morris International(PMI), for the expansion of KT&G's next generation product 'lil' into the overseas market. Baek Bok-In, CEO of KT&G and Jacek Olczak, CEO of PMI taking a picture together at the Global Collaboration signing ceremony. On the 30th at the Seoul Conrad Hotel, KT&G and PMI hosted a KT&G-PMI GLOBAL COLLABORATION event as they entered into a supply agreement for the overseas distribution of KT&G's smoke-free product 'lil'. Senior members from both companies including CEO Baek Bok-In of KT&G and CEO Jacek Olczak of PMI attended the event where they signed the contract and took photographs to celebrate the event. The agreement is a long-term partnership that covers 15 years from January 30th 2023 through January 29th 2038, with three-year performance review cycles that allow flexibility for evolving market conditions. KT&G will continue to supply its smoke-free products to PMI, which PMI will sell in markets worldwide except for Korea. The agreement includes existing heat-not-burn tobacco products that are launched in Korea, namely 'lil Solid', 'lil Hybrid', 'lil Aible' devices and their dedicated sticks, which are 'Fiit', 'Miix' and 'Aiim' respectively, as well as other innovative products to be launched at a later date. The two companies set volume commitments for NGP consumables, securing the stability of the business. The volume commitments are subject to three-year performance review cycles that allow flexibility for changing market conditions. Over the initial stage of the agreement, from 2023 to 2025, PMI will guarantee the sales of at least 16 billion sticks. Based on its own independent assumptions, KT&G estimates that CAGR of its global NGP revenue for the next 15 years will be 20.6%, and CAGR of its global NGP consumables volume in the same period will be 24.0%. Also, the agreement provides KT&G's smoke-free products with further access to PMI's commercialization capabilities and distribution infrastructure, which will enhance financial efficiency and maximize effects in terms of reduction in resources. KT&G first introduced 'lil' in 2017 and continued to launch differentiated products that are the integration of its independent technologies, with their innovation being widely recognized. KT&G's products recorded the highest market share in the domestic smoke-free market last year. KT&G chose PMI as its partner in January 2020, in initiating a full-fledged overseas expansion of and securing a distribution network for 'lil'. PMI chose KT&G as its strategic partner which expanded its portfolio of innovative products. The two companies first introduced 'lil' in three markets including Japan in 2020 and achieved the expansion of 'lil' into 31 markets worldwide by widening the coverage of overseas markets to major European countries such as Italy and Greece as well as the Central America region. Baek Bok-In, CEO of KT&G stated, "we are now able to further raise the competitiveness of KT&G's smoke-free products in the overseas market and establish a basis for stable growth of our global business through the advancement of the strategic partnership with PMI", as he added "KT&G will make efforts to acquire world-class capabilities to become a global top-tier company in NGP earlier than planned and to lead the next generation tobacco market". Jacek Olczak, CEO of PMI stated, "Smoke-free products of the two companies will play a complementary role to each other, providing a more innovative product portfolio to more consumers", as he added "This agreement clearly shows the two companies' commitments to provide better alternatives to about one billion smokers around the world".
ELEMIS achieves B Corp™ certification
GENEVA, Jan. 30, 2023 /PRNewswire/ -- L'OCCITANE Group, leading manufacturer and retailer of premium and sustainable beauty and wellness products, is proud to announce that its innovative global British skincare brand, ELEMIS, is now a Certified B Corporation™. This marks a new milestone in the Group's global journey to achieving B Corp™ certification. L’OCCITANE Group is proud to announce that its innovative global British skincare brand, ELEMIS, is now a Certified B Corporation™ To certify as a B Corp, a rigorous assessment of the whole business is carried out to meet high standards of verified social and environmental performance. For L'OCCITANE Group, pursuing certification signifies being part of a global movement of businesses that share a collective vision of an inclusive, equitable, and regenerative economy. Since its inception in 1976 with the creation of L'OCCITANE en Provence, the Group has championed sustainability. As the Group continues to grow and welcome new brands, it underlines the importance of a shared commitment to make a positive impact in a structured way. Therefore, the Group recently unveiled its new corporate Mission: With empowerment we positively impact people and regenerate nature. The Mission acts as a guiding light to steer the actions of the entire organisation with a collective focus on the triple bottom-line – its people, the planet, and profitability. As an operationally independent subsidiary of the Group, ELEMIS completed its own B Impact Assessment™. After two years of implementing changes to practices across the business, ELEMIS achieved an impressive, verified score of 93 points. André Hoffmann, Vice-Chairman and CEO of the L'OCCITANE Group, said: 'I congratulate ELEMIS on this outstanding achievement which demonstrates how the brand and its people strive at every level for a more equitable, sustainable and inclusive world.' Séan Harrington, Co-Founder & CEO of ELEMIS said: 'We are proud of our B Corp certification, a holistic assessment of a company's social and environmental impact across all of its stakeholders. In our view, companies have a responsibility to bring meaningful, positive benefits to society.' The L'OCCITANE Group's ambition is to be fully B Corp certified across the company during the course of 2023. As a Group with a growing portfolio of entrepreneurial beauty brands spanning five continents, a profound verification process has been required in order to achieve certification. This represents a collaboration across functions and geographies and shows where and how the company can continuously progress to drive positive change.
InterOpera inks strategic MOU with DAOL (THAILAND)
Strategic partnership to drive ecosystem development of digital assets and democratisation of bonds SINGAPORE, Jan. 30, 2023 /PRNewswire/ -- Singapore-based digital infrastructure technology provider, InterOpera, has signed an MOU with DAOL (THAILAND) to strategically collaborate on providing digital assets services to institutional and retail investors in Thailand. InterOpera will provide DAOL (THAILAND)'s subsidiary, DAOL DIGITAL PARTNER (DDP), the blockchain infrastructure platform and services, tokenisation solutions and expertise to complement the digital business capabilities. DDP will leverage its market expertise to create innovative investment vehicles for their clients to lead the growth of an inclusive capital markets ecosystem in Thailand. Mr. Will Lee, Founder and CEO of InterOpera (Left) with Mr. Isara Pudtalsri, the representative of DAOL (THAILAND) (Right) Thailand is home to one of the most promising markets in Southeast Asia for digital assets. There has been a steady and broad-based adoption of digital assets since the enactment of the Digital Asset Decree in 2018 which specifies digital assets as a new asset class to be regulated under Thai law, covering cryptocurrency and innovative digital tokens. Digital investment tokens provide access to investment opportunities in business projects and real estate, while digital utility tokens can be exchanged for reward-points and movie privileges. Founder and CEO of InterOpera, Will Lee said, "Our strategic collaboration with DAOL (THAILAND) through DDP is a major milestone. It reinforces our belief that financial markets can be more inclusive and realises our vision to build connectivity across capital markets in Asia and beyond." The representative of DAOL (THAILAND), Isara Pudtalsri said, "We will spearhead the group in providing a range of trustworthy digital tokens, in response to strong demand among Thai investors. Joining forces with InterOpera will increase our speed to market with reliable technology infrastructure." As far as use cases go, the democratisation of bonds as a capital markets product and its digitalised form as an asset class is a key business vertical for InterOpera. In November 2022, InterOpera completed a World Bank bond tokenisation exercise through its wholly-owned subsidiary Shareable Assets (which holds a capital markets services licence issued by the Monetary Authority of Singapore). The tokenised supranational bonds were made available to Singapore-based investors via a mobile app, providing easy access to high quality supranational bonds for a minimum sum of US$100. The benefits of applying innovative technology to traditional processes of facilitating bond trading are seen in automatic order-taking, instantaneous transfer or exchange of security tokens and fiat tokens, with the promise of peer-to-peer and free-of-payment exchanges soon. The tokenised bonds were real-world securities issued by the International Bank of Reconstruction & Development (or IBRD) and safeguarded by a licensed financial institution, thereby ensuring the highest level of investor protection. Will Lee said, "This World Bank bond tokenisation exercise is timely in 2022, as it demonstrates the real-life commercial viability of an interoperable infrastructure platform or ecosystem, fully architected on blockchain, as a step forward in digitally transforming capital markets. Since delivering the prototype in Project Genesis 1.0 to the Bank for International Settlements (BIS) and the Hong Kong Monetary Authority (HKMA) in 2021, InterOpera has relentlessly innovated and developed its blueprint for such digital infrastructure to enable financial institutions to 'securitise' (through DLT and blockchain) complex financial instruments and traditional forms of assets in the form of digital or intangible assets. This can greatly enable more effective distribution in regulated frameworks, integrate and accommodate new and emerging forms of digital assets. We will continue to work tirelessly with our institutional partners to bring such ecosystem-enabling solutions to market." The mandate for Project Genesis 1.0 was issued by BIS and HKMA to provide for the tokenisation of digital green bonds for retail investors. The prototype was delivered by members of the InterOpera group (as the Liberty consortium), with Standard Chartered Bank and SC Ventures. The report for Project Genesis 1.0 can be downloaded from the BIS website here. Disclaimer: The contents herein have not been reviewed by the Monetary Authority of Singapore. No part in this release amounts to any form of legal, financial or investment advice and must not be relied upon as such. About InterOpera InterOpera is a Singapore-based infrastructure technology company that provides distributed ledger technology infrastructure for capital markets and carbon trading markets. Its wholly-owned subsidiary, Shareable Assets Pte. Ltd., holds a capital markets services licence issued by the Monetary Authority of Singapore. Key investors include Vertex Holdings (backed by Temasek), Korea Investment Partners and Kakao Investment. InterOpera sees the future of capital and carbon trading markets as one that is fully interconnected and built on blockchain-powered infrastructure technology, from which new industry standards are continually created. This is demonstrated by collaborations undertaken by InterOpera with the Bank for International Settlements (BIS), the United Nations Framework Convention on Climate Change (UNFCCC) and the Hong Kong Monetary Authority (HKMA). About DAOL (THAILAND) DAOL (THAILAND) is a holding company with subsidiaries that provide extensive services ranging from financial planning to investment and fundraising through financial and capital market mechanisms, covering stocks, bonds, semi-derivatives, mutual funds, private funds, property funds (REIT), and digital assets, with the integrated work of DAOL SEC, DAOL INVESTMENT, DAOL REIT, and DAOL DIGITAL PARTNER. We also offer employee welfare loans, secured loans, and personal loans to increase access to credit services and to reduce informal debt problems through DAOL LEND, as well as a wide selection of insurance plans that best suit your lifestyle to help you manage the risks in your life through, WE DIGITAL INSURANCE BROKER and to achieve the ultimate goal of financial freedom under the vision of "DAOL, your lifetime financial partner". About DAOL DIGITAL PARTNER DAOL DIGITAL PARTNER (DDP) was founded in 2020 as an IT consultancy and digital marketing service provider for DAOL (THAILAND). Given its expertise in technology-related business development and rising trend of digital assets, the company is mandated by the group to drive asset tokenisation and ICO Portal businesses under the financial regulations of Thailand. DDP aims to be a leading fund-raising portal with specialisation in asset tokenisation. For more information, please visit: https://www.interopera.co/. Connect with us on https://www.linkedin.com/company/interopera/ and https://twitter.com/interoperagroup.
MINISO Group Announces Management and Board Changes
GUANGZHOU, China, Jan. 29, 2023 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEx: 9896) ("MINISO," "MINISO Group" or the "Company"), a global value retailer offering a variety of design-led lifestyle products, today announced that Mr. Steven Saiyin Zhang has resigned from his positions as the chief financial officer, executive vice president and an executive director of the Company, effective on January 31, 2023, for personal reason and in order to spend more time with his family. Mr. Steven Zhang will continue to serve as a senior consultant to the Company. Following Mr. Steven Zhang's resignation, the board of directors of the Company (the "Board") will be comprised of five members, including three independent non-executive directors and two executive directors. In addition, the Board has appointed Mr. Eason Jingjing Zhang, currently the Company's vice president of capital markets, as the new chief financial officer of the Company, effective on January 31, 2023. Mr. Guofu Ye, founder, chairman of the Board and chief executive officer of the Company, commented, "On behalf of our Board and the management team, I would like to thank Steven for his exemplary service and significant contributions to the Company's business, financial management, capital markets transactions and corporate governance during the past 5 years since he joined the Company. His sound judgment and leadership have been instrumental in our company's growth, earning respect and commendation throughout the Company." "Steven has designed a detailed succession plan to transition his responsibilities to Eason, who has played a key role in driving MINISO's success in various capital market transactions and several internal finance management projects, demonstrating a clear understanding of our business and establishing confidence in MINISO among the investor community. We look forward to working with him in his new capacities and together taking the Company to new heights." Mr. Eason Zhang has served as the Company's vice president of capital markets since September 2022, in charge of the Company's capital markets matters, including investor relations, strategic investment and acquisitions, as well as corporate strategy and treasury. Mr. Eason Zhang joined the Company in January 2021 as director of capital markets. Since then, he has played a key role in driving the Company's success in various capital market transactions and several internal finance management projects. Mr. Eason Zhang has 12 years of experience in capital markets. He started his career in auditing at PricewaterhouseCoopers, after which he served in various roles mainly in capital markets in the U.S., Hong Kong and China A share markets. Mr. Eason Zhang, a Chartered Financial Analyst and a non-practicing member of the Chinese Institute of Certified Public Accountants, received his dual bachelor degrees in World History and Business Administration from Nankai University and is currently an FMBA candidate of the executive program at China Europe International Business School. Mr. Steven Zhang has confirmed that he has no dispute or disagreement with the Board or the Company and that there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company. About MINISO Group MINISO Group is a global value retailer offering a variety of design-led lifestyle products. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about MINISO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact: Raine HuMINISO Group Holding LimitedEmail: firstname.lastname@example.orgPhone: +86 (20) 36228788 Ext.8039 Eric YuanChristensen AdvisoryEmail: email@example.comPhone: +86 1380 111 0739
Global New Material International to Acquire CQV to Accelerate Penetration in the Global Markets
HONG KONG, Jan. 29, 2023 /PRNewswire/ -- On 27 January 2023, Global New Material International Holdings Limited ("Global New Material International" or the "Company", Stock Code: 06616.HK) is pleased to announce that the Company will purchase approximately 3.13 million shares of CQV Co. Ltd. ("CQV", Stock Code: 101240.KS) and subscribe for about 1.18 million CQV Treasury Shares in the form of the consideration shares and cash consideration in aggregate amount of approximately RMB 470 million. Upon the completion, the Company will hold directly and indirectly 42.45% of the issued shares of CQV in aggregate and will become the single largest shareholder of CQV. The Company is principally engaged in the production and sales of pearlescent pigment products and synthetic mica powder in China. It provides various product series of pearlescent materials and synthetic mica, offering more than 900 different types of products used in industrial, exterior and cosmetic applications. The Company is known as the largest pearlescent pigment producer in China and the fourth largest globally based on 2021 revenue. CQV, the acquisition target, is one of the world's top pearlescent pigment companies as well as the largest pearlescent pigment player in Korea. With over 20 years of commitment to the pearlescent pigment industry, CQV has developed world-leading synthetic mica product offers and mature technology to produce high-end pearlescent materials applied in industrial, automotive and cosmetic sectors. Global New Material International has been seeking overseas investment opportunities through cross border M&A which can provide growth potential and increase shareholder value. This acquisition offers a good opportunity for the Company to demonstrate its business presence in the global pearlescent pigments industry, which is consistent with its business strategies and is expected to unleash significant synergies between CQV and the Company. The key driver for the development of pearlescent material market is to create color with better texture and performance, leveraging the trend of consumption upgrading in the pigments industry. Frost & Sullivan estimates a growth rate of over 23% in the global pearlescent industry in the future. Global New Material International Pearlescent Factory (Phase II) has a total capacity of 30,000 tons and the first 6,000 tons of capacity has started test production. The increase of the production capacity will significantly improve production efficiency by achieving economies of scale, driving the growth of pearlescent pigments business. Moreover, CQV's smart factory has been completed. After the acquisition, CQV is expected to benefit from the ample supply of synthetic mica from the Company and thus rapidly release its production capacity. According to the agreement, through this acquisition, Global New Material International would benefit from the in-depth industry experience and know-how as well as wide market presence of CQV, thus increasing its market share, enhancing its product offerings and improving its overall competitiveness. CQV operates an extensive sales and distribution network covering more than 100 countries and regions globally and maintains a wide customer base of prestigious international companies. Through this transaction, Global New Material International will be able to expand its global sales by consolidating sales network of CQV. With regard to its product matrix, as the Company has more than 900 product types and CQV has over 800 product types, the merge of the two entities could significantly enrich the Company's product portfolio and allows for a coverage of wider application fields.
PINTEC Announces Changes to Management and Board of Directors
BEIJING, Jan. 28, 2023 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a leading independent technology platform enabling financial services in China, today announced Mr. Zexiong Huang will be its Chief Executive Officer, acting Chief Financial Officer, and director of the board of directors (the "Board") of the Company, effective immediately. Mr. Victor Huike Li has resigned from his position as the Company's Chief Executive Officer, acting Chief Financial Officer, and director for personal reasons on December 27, 2022, with effect from January 27, 2023. In addition, Mr. Zehua Shi, Mr. Jimin Zhuo and Mr. Yong Chen have all resigned from the Board due to personal reasons on December 27, 2022, with effect from January 27, 2023. Their resignations did not result from any disagreement with the Company, its management, the Board, or any committee of the Board, on any matter relating to the Company's operations, policies or practices. Relevant competent directors and officers have been appointed to fill in their vacancies with effect from January 27, 2023. Mr. Zexiong Huang has over 10 years of experience in the financial industry as well as the financial services industry, specializing in SME financial services, financing and guarantee, consumer finance, real estate mortgage financing, microfinance, and other financial products. He has held various senior management positions in mainland China and Hong Kong, and has gained comprehensive industry experience in the areas of consulting, business development, financial operations, and management. Mr. Huang was an executive director and the Chief Executive Officer of JIMU GROUP LIMITED (8187.HK) from June 2020 to May 2022. He has been a consultant of the Company's digital SME business unit since 2021 and has been the executive Vice President of the Group since he joined in 2022. Mr. Huang holds a bachelor's degree in economics from Yunnan University of Finance and Economics. The Board of Directors would like to express its sincere gratitude to Mr. Li, Mr. Shi, Mr. Zhuo and Mr. Chen for their contributions, efforts, and dedication over the years. PINTEC has survived and retained its core competencies under both market and regulatory pressures with the outstanding leadership of Mr. Li. The Board and management thank Mr. Li for his contributions to the Company and wish him all the best in the future. Under the leadership of Mr. Huang and a team of experienced industry professionals, PINTEC is well positioned to further optimize its digital MSME eco-enabling products and expand its market leadership position going forward and is confident in the Company's ability to overcome the current short-term market challenges. Mr. Zexiong Huang, Chief Executive Officer, acting Chief Financial Officer and director of PINTEC, commented, "We thank Mr. Li for his past contributions to PINTEC as he has worked very hard to help us navigate through a challenging and uncertain market environment and has laid a solid foundation for the future growth of the Company. Currently, we are on track to grow our revenues and reach profitability with our strategic direction as well as our SMB empowerment products. As the business continues to expand, I am confident in the Company's current management team and its ability to enter new growth cycles down the road." Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Among other things, the quotations from management in this announcement, as well as PINTEC's strategic and operational plans, contain forward-looking statements. PINTEC may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, the Company's limited operating history, regulatory uncertainties relating to the markets and industries where the Company operates, and the need to further diversify its financial partners, the Company's reliance on a limited number of business partners, the impact of current or future PRC laws or regulations on wealth management financial products, and the Company's ability to meet the standards necessary to maintain the listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. About PINTEC PINTEC is a leading independent technology platform enabling financial services in China. By connecting business and financial partners on its open platform, PINTEC enables them to provide financial services to end users efficiently and effectively. The Company offers its partners a full suite of customized solutions, ranging from digital retail lending, digital business lending, robotic process automation, to wealth management and insurance products. Leveraging its scalable and reliable technology infrastructure, PINTEC serves a wide range of industry verticals covering online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, internet search, and online classifieds and listings, as well as various types of financial partners including banks, brokers, insurance companies, investment funds and trusts, consumer finance companies and other similar institutions. For further information, please contact: Pintec Technology Holdings Ltd.Phone: +86 (10) 8564-3600E-mail: firstname.lastname@example.org
Alexander Oelfke, CEO of SKYGROUND Group, announces the Group's new direction in an interview with BERLINER TAGESZEITUNG
BERLIN, Jan. 27, 2023 /PRNewswire/ -- The rise of technology stocks continues under the leadership of the Nasdaq technology exchange on Wall Street; quarterly figures and investor confidence in interest rates are rising. In the past year, the situation was reversed: while the Dow Jones had held up comparatively well, the Nasdaq 100 slumped by around a third; now the tide has turned. Alexander Oelfke, SKYGROUND Group, in an interview with BERLINER TAGESZEITUNG Despite a challenging market environment, the industry is on an upward trend and is likely to experience significant growth in the coming years driven bythe increasing adoption of new and innovative technologies into our daily life. This is expected to significantly increase the demand for tech stocks in the near future. In an interview with stock market analysts from BERLINER TAGESZEITUNG, Alexander Oelfke, CEO of the globally operating SKYGROUND Group, announced the new focus of the organization. SKYGROUND will continue to create highly effective access to the capital markets through innovative research and development work by providing its partners with modern FinTech technologies. Since its inception, the group has built a strong network and further increased its value through advanced technology. With a wealth of experience in capital markets gained at companies such as Commerzbank and, as well as other international financial firms, Alexander Oelfke brings a deep BDSwiss understanding of future technologies, "The primary objective of SKYGROUND is to consistently deliver exceptional technologies to our partners, while fulfilling our commitment to being a facilitator for success in diverse markets. SKYGROUND has invested significant resources in research and development to find a solution that will improve access to capital markets. I am proud that SKYGROUND is able to offer comprehensive solutions to all partners, from mobile banking, trading, to digital asset management and support - in short, a one-stop-shop." Blockchain technologies and metaverses are seen as the future of how we interact with the world. This makes it a promising area of focus for many companies in the industry. The metaverse will not only change the way we work and interact, but will also open up new opportunities for collaboration, creativity and innovation as well as create new possibilities for those who are able to adapt and evolve. "Apple has been long involved with Artificial Intelligence start-ups, Microsoft is among the early investors in OpenAI, and Meta CEO Mark Zuckerberg is the most vocal about the future of the Metaverse. The market is rapidly consolidating in this regard as companies and developers join forces to harness the power of the metaverse; this is where people talk about advanced AI technologies to create a more connected, intelligent future – a place where interactive internet experiences are enabled through virtual parallel worlds for human engagement." SKYGROUND is actively exploring the potential of the metaverse, working with several partners to develop innovative technology solutions in line with "Made in Germany" requirements, including areas of blockchain technology, crypto-robotic modules and artificial intelligence. Alexander Oelfke emphasizes: "We are currently working on a revolutionary pilot project in the area of Metaverse. I am confident that we will be able to announce something truly groundbreaking in the near future." For more information about SKYGROUND, click here: https://www.skyground.group Media contact:Peter Hansen Telefon: +49 30 2092-4044 META KEYS: Alexander Oelfke, SKYGROUND, Oelfke, Skyground Group, BDSwiss, Metaverse, blockchain technology, blockchain, crypto-robotic modules, OpenAI, mobile banking, trading, CEO of SKYGROUND, Artificial Intelligence, OpenAI, Alexander Oelfke CEO, Made in Germany, capital markets
SM invests in growth through expansion to reach more communities
PASAY CITY, Philippines, Jan. 27, 2023 /PRNewswire/ -- SM is heading into 2023 with optimism, pushing forward with expansion and growth to reach more communities. SM Investments President and CEO, Mr. Frederic DyBuncio "We are investing in the future growth of the Philippines as it continues to present tremendous potential," SM Investments Corporation President and Chief Executive Officer Frederic C. DyBuncio said SM has been increasing its focus in provincial areas where local economies are growing faster. Over 80 percent of SM's new retail stores are in provincial areas where a good chunk of growing overseas remittances flow into. SM Retail, the retail arm of SM Investments, currently operates over 3,300 department stores, groceries and specialty retail stores. Also gearing up to focus on further expanding into the provinces, particularly to cover most of Northern Luzon, Visayas and the progressive cities in Mindanao is SM Prime Holdings Inc., the property development arm of SM Investments. In 2022, SM Prime opened four malls--SM City Roxas, its first mall in Capiz Province; SM City Tanza in the historic province of Cavite; SM City Sorsogon in the Bicol peninsula as the gateway of Luzon to the Visayas and Mindanao regions; and most recently, SM City Tuguegarao in Cagayan Province, its 82nd mall in the Philippines. To date, SM Prime has 58 malls in the provincial areas and 24 malls in Metro Manila. SM City Tuguegarao "Our businesses are still operating in many highly underpenetrated sectors and we intend to serve Philippine communities in more regions nationwide," Mr. DyBuncio said. With the improvement in employment, SM Development Corporation, SM Prime's residential arm is also poised to grow and expand in the provinces which is also seen to help narrow the housing gap. The Philippines also has a young population that is offering more growth opportunities as they enter and invest in real estate. As of 2022, SMDC has 18 residential developments in key provincial cities. In 2022 alone, SMDC launched Vail Residences in Cagayan de Oro, Now Residences in Pampanga, and Zeal Residences in General Trias, Cavite, integrated into SM Prime's malls and transport terminals for the convenience of communities. "The potential of the Philippines remains enormous with a young, energetic, service-oriented and still growing population. SM remains optimistic on Philippine growth driven by this market," Mr. DyBuncio said. SM also continues to invest in the tourism potential of the Philippines through its hotels and conventions business. SM Hotels and Convention Centers Corporation operates nine world-class properties situated in key cities nationwide, namely Taal Vista Hotel in Tagaytay City, Pico de Loro Beach and Country Club and Pico Sands Hotel in Batangas, Radisson Blu Hotel in Cebu, Conrad Manila in Pasay City, and Park Inn by Park Inn by Radisson hotels in North Edsa, Clark, Davao, Iloilo and, Bacolod. SMX Convention Center, the conventions business of SM Hotels recently launched its convention center in Clark, Pampanga, strategically located beside Park Inn by Radisson Clark across SM City Clark and near Clark International Airport. This facility strives to contribute to making Northern Luzon one of the premiere destinations for meetings, incentives, conferences and exhibitions or MICE in the country, further boosting tourism prospects in the provinces.