Call for Nominations: 2024 Enterprise Innovation Awards: Celebrating Eight Years of Digital Excellence in ASEAN
InnoCSR Secures New Investment from ADB Ventures, Garden Impact Fund, and Clarion Newlife Capital to Advance Green Non-Fired Brick Manufacturing in So
Countdown: Asia's Largest Retail Exhibition 2024 CHINASHOP will be held in Shanghai on March 13-15
Payton Capital: Request for Expression of Interest
U Power Limited Receives Nasdaq Delisting Notification and Intends to Appeal
FEELINGIRL Announces Brand Upgrade and New Products for Every Age, Every Stage
OPG's bDigital Successfully Integrates Acquired Tech
Global Sources invites buyers worldwide to explore Vietnam's must-attend sourcing expo
Bahrain Attracts a Record USD 1.7 Billion in Investments for 2023 Boosting Job Creation and Sustainable Economic Growth
Daqo New Energy to Announce Unaudited Results for the Fourth Quarter and Fiscal Year 2023 on February 28, 2024
Tencent Music Entertainment Group to Report Fourth Quarter and Full Year 2023 Financial Results on March 19, 2024
SHENZHEN, China, Feb. 20, 2024 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year of 2023 before the U.S. market opens on Tuesday, March 19, 2024. TME's management will host a Tencent Meeting Webinar on Tuesday, March 19, 2024, at 7:00 A.M. Eastern Time or 7:00 P.M. Beijing/Hong Kong Time on Tuesday, March 19, 2024, to review and discuss the Company's business and financial performance. For participants who wish to join the Tencent Meeting Webinar, please complete online registration in advance using the links provided below. Upon registration, each participant will receive an email with webinar access information, including meeting ID, meeting link, dial-in numbers, and a unique attendee ID to join the webinar. Participant Online Registration Chinese Mainland: https://meeting.tencent.com/dw/ossBQtYeQwO1International: https://voovmeeting.com/dw/ossBQtYeQwO1 A live and archived webcast of the webinar will also be available at the Company's investor relations website at https://ir.tencentmusic.com/.  Chinese Mainland, for the purpose of this announcement only, excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region of the People's Republic of China and Taiwan About Tencent Music Entertainment Tencent Music Entertainment Group (NYSE: TME and HKEX: 1698) is the leading online music and audio entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. TME's mission is to create endless possibilities with music and technology. TME's platform comprises online music, online audio, online karaoke, music-centric live streaming and online concert services, enabling music fans to discover, listen, sing, watch, perform and socialize around music. For more information, please visit ir.tencentmusic.com. Investor Relations Contact Tencent Music Entertainment Groupir@tencentmusic.com +86 (755) 8601-3388 ext. 818415
akaBot ranked in Everest Group RPA PEAK Matrix® as 'Major Contender'
TEXAS CITY, Texas, Feb. 20, 2024 /PRNewswire/ -- Recently, the Everest Group, an independent global research company with rigorous standards, released its 2023 PEAK Matrix report on Robotic Process Automation (RPA) solutions. This report assessed 25 prominent service providers worldwide, and notably, FPT IS's akaBot made its debut and was acknowledged as a "Major Contender." The Annual PEAK Matrix® Evaluation by the Everest Group is considered one of the most comprehensive assessment frameworks globally, providing in-depth analysis and data for businesses to make informed decisions on selecting the best service providers, products, and technology solutions. The 2023 PEAK Matrix® Assessment for RPA Automation Solutions featured the inclusion of FPT IS's akaBot, marking the first appearance of a Vietnamese technological solution in Everest's global report, alongside renowned automation entities such as UiPath, Automation Anywhere, Microsoft, Blue Prism, among others. Amardeep Modi, Vice President of Everest Group, emphasized the robust development of the automation solution ecosystem, characterized by intense competition among global service providers. Modi noted that akaBot stood out as a "Major Contender" in the Everest RPA PEAK Matrix ® Assessment 2023, attributing this recognition to FPT IS's substantial customer base in the Asia-Pacific region, coupled with significant investments in product capabilities and customer value. Clients highlighted akaBot's strengths in customer support, rapid response times, and user-friendly platform. In 2023, with a clientele exceeding 3,900 global enterprises across diverse industries such as Finance-Banking, Retail, and Manufacturing, akaBot received high marks from Everest in the "Market Impact" category. Developed since 2018, FPT IS's automation solution has gained a strong international presence comparable to well-established solution providers with 10-15 years of industry recognition. The report underscored akaBot's comprehensive automation capabilities, achieved through collaborations with major technology partners like Amelia, Software AG, and Soroco. akaBot aligns with the trend of "intelligent automation" by continuously integrating advanced technologies such as Artificial Intelligence (AI), Intelligent Data Processing (IDP), Process Mining, and Machine Learning. Bui Dinh Giap, CEO of akaBot (FPT IS), affirmed the mission, stating, "akaBot's presence in the report can be likened to the pride of reaching the summit of Everest. It reflects our dedication to becoming a reputable and reliable partner, ready to accompany many businesses in optimizing operations and digital transformation." Download akaBot's detailed report in 2023 PEAK Matrix® Assessment for RPA Automation Solutions here. Learn more at https://akabot.com/ or follow akaBot on LinkedIn.
Bowtie Term CI Early Stage and Multiple Cover is rated top in the industry Examining its advantages from the product design perspective
HONG KONG, Feb. 20, 2024 /PRNewswire/ -- In December 2023, Bowtie launched a new Term Critical Illness Insurance product called Bowtie Term CI Early Stage and Multiple Cover. Shortly after it is launched, it was rated top by the independent third-party insurance comparison platform, 10Life. Mr. Mingo Tsang, the product owner of the product, personally explained the design concept and product advantages. Reasons for market favouring critical illness insurance with saving components "During research, I could see insurance companies/brokers tend to promote critical illness insurance with saving components. Excluding commission factors, they indeed offer a broader coverage, providing multiple coverage, and coverage for early-stage critical illnesses." "On the other hand, term critical illness insurance, lacking a savings component, offers relatively simple coverage.", Mr. Mingo Tsang stated. After careful comparisons of critical illness insurance plans on the market, he has decided to enhance the coverage of term critical illness insurance, hoping to provide consumers an additional choice. 3 major devilish details were found in the 40 policies studied During the product development, Mingo studied over 40 critical illness insurance products on the market and found 3 devilish details that could potentially affect the policyholders' benefit: 1. "Early-stage critical illness protection" is just an "advanced" payment of a certain percentage from the sum-insured This means, if the insured person has made a claim for an "early-stage critical illness", say 20% of the sum-insured, then claim for a severe critical illness in the future, they would only get the rest of coverage (80% of the sum-insured). The primary function of critical illness insurance is to compensate for the loss of income due to the inability to work caused by critical illnesses. Only compensating for the remaining coverage amount may lead to insufficient future protection. 2. Coverage is for specific "Endovascular procedures" only Some critical illness insurance policies claim to cover "endovascular procedures," but turn out they only protect procedures performed on the carotid artery. As critical illness coverage operates based on defined conditions, the narrower the definition, the less advantageous it is for the insured. 3. "Unlimited" critical illness claims do not cover "relapse" cases Some products advertise "unlimited" multiple critical illness claims, but they do not protect occurrences such as cancer relapse or reoccurrence of heart disease or stroke, making the "unlimited coverage" meaningless. Personal interviews with users led to the launch of affordable high-end critical illness products Mingo personally interviewed over 30 Bowtie customers to understand their expectations for the product and the additional premium amount they were willing to bear to enhance coverage. During the interviews, most people were willing to pay an additional premium of 10% to 15% to extend coverage to common early-stage critical illnesses such as carcinoma in situ (CIS) and endovascular procedures. Based on user feedback, Bowtie's product development team strived to balance coverage and premiums, resulting in the launch of the new Bowtie Early and Multiple Critical Illness Insurance in December 2023, which rated top in the industry after launched. 3 Key Product Features of Bowtie Term CI Early Stage and Multiple Cover 1. Comprehensive coverage for early-stage and severe critical illnesses Early-stage critical illnesses refer to diseases that have not yet developed into severe conditions. If treated early, the risk of developing into a severe critical illness significantly decreases. Bowtie Term CI Early Stage and Multiple Cover covers the four most common early-stage critical illnesses, including CIS, early-stage malignant tumours, and medical conditions requiring endovascular procedures. Regarding severe critical illnesses, it covers 42 severe critical illnesses, including the 37 critical illnesses listed by the Life Insurance Association Singapore, which should be able to cover 98% of common critical illness cases. 2. Multiple claims for early-stage and severe critical illnesses, up to 5 times each With advance medical technology, many patients diagnosed with early-stage or severe critical illnesses can recover. However, this does not eliminate the risk of a relapse or the occurrence of other critical illnesses. For example, the relapse rate for liver cancer is as high as 61.5%. Recognizing this, Bowtie Term CI Early Stage and Multiple Cover offers multiple claims for relapse/re-diagnosis of the three major critical illnesses (cancer, heart disease, and stroke), the occurrence of early-stage critical illnesses such as CIS, endovascular procedures, and other specified severe critical illnesses, all within the scope of multiple claims in Bowtie's new CI product45. Policy-listed early-stage and severe critical illness can be claimed up to 5 times, with a maximum total pay-out of 600% of the sum-insured. 3. Additional pay-out for early-stage critical illnesses and full pay-out for severe critical illnesses, total 120% of the sum-insured Unlike the other products, Bowtie Term CI Early Stage and Multiple Cover provides additional pay-out for early-stage critical illnesses. This means that if the insured is first diagnosed with an early-stage critical illness and is subsequently diagnosed with a severe critical illness after a waiting period of two years, the insured will receive 20%4 of the sum-insured for the early-stage critical illnesses, and 100%5 for the severe critical illness. At last, compensated with 120% of the sum-insured. Common Term CI products Bowtie Term CI Early Stage and Multiple Cover 1st diagnosis: early-stage critical illness 20% of the sum-insured 20% of the sum-insured4 2nd diagnosis: Severe critical illness 80% of the sum-insured 100% of the sum-insured5 Even if the insured is unfortunately diagnosed with a severe critical illness within the two-year waiting period, Bowtie will still provide a pay-out of 80% of the coverage amount. In addition, Bowtie has eliminated the requirement for survival period. Positioning of Bowtie Term CI Early Stage and Multiple Cover Regarding the positioning of the new product, Mingo describes it as "High-end protection at an affordable price for everyone." The design of this product embodies Bowtie's core vision of "Just Fit protection". "Just Fit" focuses on strengthening the necessary coverage without unnecessary frills or gimmicks, ensuring that users do not have to bear unnecessary expenses and can ultimately "have enough" protection. About Bowtie Bowtie Life Insurance Company Limited is an authorised life insurance company and Hong Kong's first virtual insurer. Its vision is to bridge the health protection gap and transform the way people access healthcare in Asia. By combining modern technology and medical expertise, Bowtie offers a commission-free and convenient online platform for customers to quote, apply, and claim for medical insurance plans anytime, anywhere. Bowtie is backed by Sun Life Financial, Mitsui & Co, and supported by leading international investors. Insurance products include Voluntary Health Insurance Scheme (VHIS), Life Insurance, Critical Illness Insurance, etc. Besides, Bowtie also stepped into everyday life, aiming to provide the public with free insurance information. Therefore, we have established an online Insurance blog to offer various knowledge resources such as a quick guide to VHIS Comparison, VHIS tax deduction, Life Insurance Comparison, Critical Illness Insurance Comparison and more. These resources are designed to help individuals choose the insurance that best suits their needs. Stay up to date at https://www.bowtie.com.hk/en/.  Source of information: 10Life Insurance Comparison Platform. "Bowtie Early and Multiple Critical Illness Insurance" received a 5-star rating in the category of term critical illness insurance in 2023 and rated first in the term critical illness category (as of December 21, 2023).  According to a major illness survey conducted by a reinsurance company in the Asia region from 2008 to 2012, cancer, coronary artery bypass surgery, heart disease, other severe coronary artery diseases, stroke, benign brain tumours, and kidney failure accounted for approximately 97% of critical illness insurance claims for women in Hong Kong. The remaining data is collected by Bowtie through various sources and calculated mathematically, provided for general educational and reference purposes only.  Hong Kong Baptist University School of Chinese Medicine. (2016). "Advantages of Traditional Chinese Medicine in the Treatment of Advanced Liver Cancer."  Early Stage Critical iIllness Benefit provides a benefit equivalent to 20% of the Sum Insured, subject to a maximum of HK$300,000 per Insured Person for each claim. The maximum total benefit amount is equivalent to 100% of the Sum Insured or HK$1,500,000, whichever is lower. This Benefit is subject to an Early-Stage Critical Illness Benefit Waiting Period and a maximum number of times you can claim for each early stage critical illness. This benefit will be automatically terminated after any Major Critical Illness Benefit has been paid or become payable, whichever is earlier. Please refer to the Policy Terms and Conditions and Exclusions for details.  For claims related to the Multiple Critical Illness Benefit, additional requirements must be fulfilled for cancer (newly diagnosed, recurrent, spread or continuation of cancer after the initial cancer claim), stroke, heart attack and other heart-related diseases (including coronary artery bypass surgery or other serious coronary artery diseases). Please refer to the Policy Terms and Conditions and Exclusions for details.
MediThinQ Marks Milestone as First Asian Startup to Globally Launch XR Surgical Displays, Securing Key Partnerships and Multimillion-Dollar Investment
SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- MediThinQ, a pioneering Korean startup specialising in extended reality (XR) wearable displays for surgery, is making waves as the first Asian startup to globally launch XR surgical displays. The company has successfully secured significant deals with industry giants, including Medtronic USA and Japan, marking a substantial milestone in its international expansion efforts. In tandem, MediThinQ has secured a multimillion-dollar investment from JLK Technology, a Singapore-headquartered medical devices manufacturer, who will also help accelerate MediThinQ's mass production as its appointed manufacturer. MediThinQ’s Scopeye XR surgical display MediThinQ's XR solutions present critical information directly in from of the surgeon's eyes, eliminating the need to divert attention to screens. The first of its kind in revolutionising how medical information is accessed in live surgeries, they are backed by best-in-class image fidelity, latency, reliability, and equipment compatibility. In the United States and Japan, the world's two largest healthcare markets, MediThinQ's products will be exclusively distributed by Medtronic, underscoring global industry leaders' acknowledgement of the quality and effectiveness of MediThinQ's offerings. This strategic partnership represents a significant milestone in MediThinQ's path toward full-scale commercialisation and global expansion. Mr Seungjoon Im, Founder & CEO of MediThinQ, expressed his excitement, stating, "We are proud of the groundbreaking technology we've cultivated over the past six years, which sets a new standard in the market. It's even more rewarding to see our innovations making their way into operating theatres worldwide. We extend our heartfelt appreciation to all our partners who have joined us on this transformative journey, and to VentureBlick for orchestrating these pivotal moments and connecting the dots behind the scenes." Earlier this year, MediThinQ joined VentureBlick's Super Incubator programme – a unique blend of incubator, accelerator, and venture builder, offering tailored support for healthcare startups. VentureBlick has since played a crucial role in elevating MediThinQ's global brand recognition, enhancing negotiation outcomes, raising funds, and positioning the company for continued success. MediThinQ's flagship products, Scopeye and MetaSCOPE, already hold regulatory approvals in key markets including the US (FDA), Europe (CE), Japan (PMDA), and Korea (KFDA). The technology has also been recognised as one of the top winners at the Medtronic APAC Innovation Challenge in 2022 and received a gold medal at the 2023 Edison Awards. Looking ahead, MediThinQ is gearing up to launch its next product line targeting the burgeoning Chinese market. It is also exploring applications beyond the medical space, including a collaboration with one of the largest conglomerates in Korea. MediThinQ is currently raising its Series B fund while exploring IPO options in Singapore, Hong Kong, and North America. It is setting the stage for potential early exits through strategic acquisitions or accelerated commercial growth. About MediThinQ MediThinQ is a Korea-based startup specialising in medical imaging equipment for surgery. The company's XR surgical displays, including Scopeye and MetaSCOPE, are at the forefront of technological innovation, providing surgeons with unparalleled information management and access in the operating theatre. With regulatory approvals in major markets and strategic distribution partnerships, MediThinQ is poised for global success. About VentureBlick VentureBlick is a catalyst for global healthcare innovation with a strong focus on identifying and delivering true medical value. It connects and mobilises innovators, clinicians, investors, and ecosystem partners to create real, collective impact through the VentureBlick Super Incubator, VentureBlick Consulting, and VentureBlick Discovery. The company distinguishes itself through a team with deep healthcare roots and diverse advisor network of 2,000+ clinicians and healthcare professionals from 50+ countries and 30+ specialties. Headquartered in Singapore with presences in Korea, Germany, and India, VentureBlick fosters collaboration among innovators, investors, advisors, distributors, and ecosystem partners worldwide to make a significant impact in healthcare. Join us in shaping the future of healthcare at www.ventureblick.com.
Sohu.com to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 4, 2024
BEIJING, Feb. 20, 2024 /PRNewswire/ -- Sohu.com Limited (NASDAQ: SOHU), a leading Chinese online media, video and game business group, will report its fourth quarter and fiscal year 2023 unaudited financial results on Monday, March 4, 2024, before U.S. market hours. Sohu's management team will host a conference call on the same day at 7:30 a.m. U.S. Eastern Time, March 4, 2024 (8:30 p.m. Beijing/Hong Kong time, March 4, 2024) following the quarterly results announcement. Conference Call Preregistration Participants can register for the conference call by click here, you will be led to the conference registration website. Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin. The live webcast and archive of the conference call will be available on the Investor Relations section of Sohu's website at https://investors.sohu.com/. About Sohu Sohu.com Limited (NASDAQ: SOHU) was established by Dr. Charles Zhang, one of China's internet pioneers, in the 1990s. As a mainstream media platform, Sohu is indispensable to the daily life of millions of Chinese, providing a network of web properties and community based products which continually offer a broad array of choices regarding information, entertainment and communication to the vast number of Sohu users. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of the leading online media destinations Sohu News App, mobile news portal m.sohu.com, PC portal www.sohu.com; online video website tv.sohu.com; and the online games platform www.changyou.com/en/. Sohu provides online brand advertising services as well as multiple news, information and content services on its matrix of websites and also on its mobile platforms. Sohu's online game business, conducted by its subsidiary Changyou, develops and operates a diverse portfolio of PC and mobile games, such as well-known Tian Long Ba Bu ("TLBB") PC and Legacy TLBB Mobile. For investor and media inquiries, please contact: In China: Ms. Huang, Pu Sohu.com Limited Tel: +86 (10) 6272-6645 E-mail: email@example.com In the United States: Ms. Bergkamp, Linda Christensen Tel: +1 (480) 614-3004 E-mail: firstname.lastname@example.org
TerraPay appoints Ruben Salazar Genovez, former Head of Visa Direct, as President
LONDON, Feb. 20, 2024 /PRNewswire/ -- TerraPay, a global money movement company, is pleased to announce the appointment of Ruben Salazar Genovez, recently the Global Head of Visa Direct, as President. Ruben Salazar Genovez, TerraPay As a seasoned veteran of the payments industry with experience at Visa, Citibank, Barclays and Mastercard, Mr Salazar Genovez has established himself as a respected leader in the payments industry. Prior to joining TerraPay, he served as the Head of Visa Direct globally where he successfully spearheaded various initiatives contributing to the growth and transformation of Visa's money movement offering. As President of TerraPay, Mr Salazar Genovez will be responsible for defining the company's strategic vision for global expansion and the development of its payments infrastructure and non-card network capabilities. Leveraging his deep expertise in the payments sector, he will drive the implementation of innovative strategies to further strengthen TerraPay's position as a leading player in cross-border money movement and non-traditional payments. Ruben Salazar Genovez, President, TerraPay, said: "I am truly honored to join TerraPay as President during such an exciting phase of its journey. TerraPay has already demonstrated its ability to revolutionize cross-border payments, and I am excited to contribute to the next chapter of its success. With a strong foundation in place, I am confident that we can accelerate our global expansion and develop new, innovative solutions that will shape the future of the payments landscape." TerraPay's Board of Directors is confident that Mr Salazar Genovez's extensive experience and strategic insights will be instrumental in driving the company's growth and expanding its global footprint. His appointment reflects TerraPay's commitment to attracting top-tier talent to fuel its ambitious global expansion plans. Ambar Sur, Founder and Chief Executive Officer, TerraPay, said: "Ruben Salazar is an exceptional addition to our leadership team, and we are thrilled to welcome him as President of TerraPay. His deep knowledge of the payments industry, coupled with his proven track record in driving global growth, will be invaluable as we continue to expand our presence worldwide. We are confident that under Ruben's leadership, TerraPay will continue to revolutionize the payments and money movement landscape and meet evolving customer demands." Ani Sane, Co-Founder and Chief Business Officer, TerraPay, said: "Ruben's servant leadership approach and client-centric perspective will help us accelerate our commercial efforts and strategic partnerships, deepening our participation in the market. We are delighted to welcome Ruben to the TerraPay family." About TerraPay: TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 30 global markets and enabling payments to 140+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
Swisslog appoints Lee Sze Pinn as new SEA Managing Director
Lee Sze Pinn has been appointed as Managing Director of Swisslog Southeast Asia as Koh Seng Teck steps down to get ready for retirement. PETALING JAYA, Malaysia, Feb. 20, 2024 /PRNewswire/ -- Swisslog is pleased to announce the appointment of Lee Sze Pinn as its next SEA Managing Director, effective January 2024. Sze Pinn brings a strong track record to Swisslog with a wealth of international business experience. Sze Pinn's career spans 22 years and his profound understanding of diverse communities will be a major asset to strengthen the collaboration between the different regions that form Swisslog. Having successfully led in a matrix organization, Sze Pinn possesses the skills and adaptability required to lead in a complex and dynamic environment. Koh Seng Teck, the previous Managing Director of Swisslog Southeast Asia, has transitioned to the role of Key Account Manager in order to prepare for his well-deserved retirement. Koh's achievements in combination with Sze Pinn's experience and background provide a strong opportunity for continued growth. The two are currently working closely together to ensure a well-managed and smooth transition. Swisslog CEO Jens Schmale: "I am confident Sze Pinn will bring a wealth of fresh knowledge to the role. I believe his leadership will not only maintain our current trajectory but also propel us into a new phase of expansion and success." Sze Pinn is looking forward to the challenges of his new role and getting started. "Southeast Asia is a crucial market for Swisslog, with each passing year witnessing unprecedented success and record-breaking achievements. I look forward to building on the strong foundations of the previous leadership, continuing to expand within the region and placing a strong emphasis on people." About Swisslog – Swisslog delivers data-driven & robotic solutions for your logistics automation alongside reliable, modular service concepts. Collaborating with forward-thinking companies, we are committed to setting new standards in warehouse automation to provide future-proof products and solutions. As part of the KUKA Group, our customers trust the competence of our passionate employees – more than 15,000 people working across the globe. www.swisslog.com & www.kuka.com
Zühlke appoints Eric Cheung as CEO APAC & Member of the Group Executive Committee
SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Zühlke announces the appointment of Eric Cheung as CEO APAC & Member of the Group Executive Committee. Under Zühlke's global organisation structure, Eric will be responsible for leading and managing the Asia-Pacific (APAC) region together with the APAC Executive Board. With over two decades of international leadership experience in consulting, banking, and financial institutions, Eric is an accomplished leader with a proven track record of success. Prior to Zühlke, he led the establishment, growth, and strategy of a leading S&P 500 IT consulting firm in Asia Pacific. Since joining Zühlke in July 2023 as Managing Director Markets, Eric has exemplified his visionary leadership and strategic thinking, combined with in-depth knowledge of the Asia-Pacific regional markets. His strong business acumen and dedication to creating impactful work ensure that Zühlke is well-positioned to deliver continuous value for clients as a partner of choice in the region. Commenting on his new appointment, Eric said, "Asia Pacific is a dynamic economic powerhouse and a key pillar of Zühlke Group's global strategy. I feel a great sense of honour and responsibility taking on this role as we advance our global impact in the region. I look forward to further collaborating with our teams, clients, and partners, while further strengthening our global footprint and delivering unparalleled value for the market." "We're pleased to congratulate Eric on his new appointment and extend a warm welcome for him within the Group Executive Committee. With his brilliant thinking and focused leadership, we look forward to collaborating and driving our global business to greater heights together," comments Zühlke Group CEO Fabrizio Ferrandina. Zühlke – Empowering Ideas. Zühlke is a global innovation service provider. We envisage ideas and create new business models for our clients by developing services and products based on new technologies – from the initial vision through development to deployment, production, and operation. We specialise in strategy and business innovation, digital solutions, and application services – in addition to device and systems engineering. Our outstanding solutions provide unique business value and a reliable foundation for sustained success. Zühlke was founded in Switzerland in 1968 and is owned by its partners. Our 1,900 employees are based in Austria, Bulgaria, Germany, Hong Kong SAR, Portugal, Serbia, Singapore, Switzerland, the United Kingdom and Vietnam, serving clients from a wide range of industries. In addition, our venture capital arm Zühlke Ventures provides start-up financing in the high-tech sector.
Rockpoint Expands Global Investor Relations Capabilities with New South Korea Office and Senior Hire
Opens Seoul Office and Hires Seasoned Executive Yong Suk Lee as Director BOSTON and SEOUL, South Korea, Feb. 20, 2024 /PRNewswire/ -- Rockpoint, a Boston-based real estate private equity firm, today announced the opening of an office in Seoul, South Korea. Additionally, Yong Suk Lee has joined the firm as a Director based in Seoul, where he will support Rockpoint's investor relations efforts in South Korea and across the region. Mr. Lee is a seasoned real estate investment professional with extensive investor relations expertise in Asia Pacific. He most recently served as a Director at Kyobo Securities, where he led placement efforts for a variety of private real estate funds and strategies. Prior to that, Mr. Lee spent 10 years in various investment roles at KB Financial Group, including serving as an Investment Manager in the Global Real Estate Division where he established and managed various investment vehicles that included U.S. real estate debt and mezzanine investments. "We deeply value our investor relationships in Korea, China, Singapore, and across the region," said Hank Midgley, Head of Investor Relations and a Managing Member at Rockpoint. "This new office is a natural step in the firm's evolution and growth, and we are thrilled to welcome Yong working with us and assisting with our investor relationships in South Korea and across the Asia Pacific region." Matilde Attolico, Managing Director at Rockpoint, added, "Yong's extensive market knowledge and relationships will be immensely valuable as we continue to grow our platform and support existing and new investors around the world." Ms. Attolico focuses on international capital raising for Rockpoint. Mr. Lee said, "I look forward to working with the Rockpoint team to leverage my expertise in a way that will create value and support a diversified – and growing – investor base around the world." The office will be Rockpoint's sixth location and is at Level 43, 3IFC, 10 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul Korea, 07326. About Rockpoint Rockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Rockpoint continually assesses market opportunities and evaluates potential investments relative to intrinsic value and cash flow, targeting investments that Rockpoint believes are inefficiently priced or misunderstood by the broader market. Rockpoint proactively pursues opportunities that exhibit strong value potential that can be realized through impactful asset management. Since 1994, the firm's co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 503 transactions with a total peak capitalization of approximately $80 billion (inclusive of fund equity, co-investor equity and debt). To learn more, visit www.rockpoint.com. Media Contacts Jon Keehner / Sarah Salky / Erik Carlson Joele Frank, Wilkinson Brimmer Katcher (212) 355-4449 Rockpointemail@example.com Logo - https://mma.prnasia.com/media2/2272870/Rockpoint_Logo.jpg?p=medium600
Hang Seng Research Underlines the Need for Sandwich Generation to Grow Their Retirement Funds
Demand for Generating Stable Passive Income Favoured by Over 80% of Respondents HONG KONG, Feb. 19, 2024 /PRNewswire/ -- Hong Kong's 'Sandwich Generation' – those supporting both elders and children – is known for its disciplined approach to saving for the future. A recent Hang Seng Bank ('Hang Seng') survey revealed that this group is concerned about their retirement, with a majority yet to save half of their retirement funds. While respondents' ideal retirement age is around 60, more than half face a shortfall of 50% or more from their retirement fund target. The survey interviewed over 300 people with kids and parents across Hong Kong to better understand the financial concerns and needs of the Sandwich Generation. Findings show that they put aside an average of 21% of their household income for savings or investment. Despite over 80% expressing interest in wealth management products and keen to generate stable passive income, many may be missing out on maximising returns or achieving long-term wealth appreciation due to a lack of confidence in selecting the right wealth management products. Comprehensive Financial Investment Solutions Help the Sandwich Generation Build Stable Passive IncomeTo aid the Sandwich Generation in achieving long-term financial stability for their families and future aspirations, without compromising current living standards, Hang Seng's 'IncomePower Life Insurance Plan' offers the chance to generate an annual non-guaranteed income of up to 5% of the Total Premiums Paid, with non-guaranteed monthly income payments beginning from the 25th monthiversary. It also includes the Medical Advance Benefit, which covers three major critical illnesses guaranteed acceptance without the need for a physical examination, catering to customers' evolving needs at different life stages, and facilitates effective legacy planning for wealth succession. Moreover, Hang Seng offers over 60 fixed income fund product choices and capital-protected structured products that span five major asset classes – foreign exchange, funds, stocks, indices, and interest rates. These options facilitate the generation of passive income without compromising the customers' current standard of living. Rannie Lee, Head of Wealth and Personal Banking at Hang Seng, said: "The market environment is constantly changing, and different life stages require different financial strategies. Early planning for wealth management, value-added goals, and retirement is crucial for the Sandwich Generation, who balance the responsibility of supporting both their children and aging parents. Combining passive income and insurance, 'IncomePower' is a tailored product that answers to the unique needs of the Sandwich Generation." Leo Ku Continues to Join Financial Awareness Drive for Sandwich GenerationProminent Hong Kong artist Leo Ku remains at the forefront of the Bank's promotional campaign, addressing the financial challenges faced by the Sandwich Generation. Details of the second phase of the campaign will be available on Hang Seng's official YouTube channel (https://youtu.be/03NE5o13mDo). From now until end of March, customers who open a Prestige Banking account and subscribe to designated wealth management products can enjoy rewards up to $67,800 and up to 25% premium discount is available for the first year to customers who apply for the 'IncomePower' Life Insurance Plans. These services and offers are subject to terms and conditions. For more details, please visit hangseng.com/wem. Prominent Hong Kong artist Leo Ku remains at the forefront of Hang Seng Bank’s wealth management promotional campaign, addressing the financial challenges faced by the Sandwich Generation. About Hang Seng BankFounded in 1933, Hang Seng has continually innovated to provide best-in-class, customer-centric banking, investment and wealth management services for individuals and businesses. It is widely recognised as the leading domestic bank in Hong Kong, currently serving more than 3.9 million customers. Combining its award-winning mobile app and strong digital capabilities with a vast network of over 260 service outlets in Hong Kong, Hang Seng offers a seamless omni-channel experience for customers to take care of their banking and financial needs anytime, anywhere. Its wholly owned subsidiary, Hang Seng Bank (China) Limited, operates a strategic network of outlets in almost 20 major cities in mainland China to serve a growing base of mainland customers locally and those with cross-boundary banking needs. The Bank also operates branches in Macau SAR and Singapore, and a representative office in Taipei. As a homegrown financial institution, Hang Seng is closely tied to the Hong Kong community. It supports the community with a dedicated programme of social and environmental initiatives focused on future skills for the younger generation, sustainable finance and financial literacy, addressing climate change and caring for the community. Hang Seng is a principal member of the HSBC Group, one of the world's largest banking and financial services organisations. More information on Hang Seng is available at www.hangseng.com.
Quhuo Limited Announces Change of Venue for 2023 Annual General Meeting
BEIJING, Feb. 18, 2024 /PRNewswire/ -- Quhuo Limited ("Quhuo" or the "Company") (NASDAQ: QH), a leading gig economy platform focusing on local life services in China, announces a change of venue for its upcoming annual general meeting of shareholders scheduled to be held on February 19, 2024. The location of the meeting will now be changed to 3F, Building A, Xin'anmen, No. 1 South Bank, Huihe South Street, Chaoyang District, Beijing 100020, The People's Republic of China. As previously published, the meeting will be held at 10:00 a.m. (local time) on February 19, 2024. About Quhuo Quhuo Limited (NASDAQ: QH) is a leading economy platform focusing on local life services in China. Leveraging Quhuo+, its proprietary technology infrastructure, Quhuo is dedicated to empowering and linking workers and local life service providers and providing end-to-end operation solutions for the life service market. The Company currently provides multiple industry-tailored operational solutions, primarily including on-demand delivery solutions, mobility service solutions, housekeeping and accommodation solutions, and other services, meeting the living needs of hundreds of millions of families in the communities. With the vision of promoting employment, stabilizing income and empowering entrepreneurship, Quhuo explores multiple scenarios to promote employment of workers, provides, among others, safety and security and vocational training to protect workers, and helps workers plan their career development paths to realize their self-worth. For more information about Quhuo, please visit https://ir.quhuo.cn/.
INFOBIRD CO., LTD ANNOUNCES THE SUSPENSION OF CAPITAL RAISING IN THE NEXT THREE MONTHS
HONG KONG, Feb. 16, 2024 /PRNewswire/ -- Infobird Co., Ltd (NASDAQ: IFBD) ("Infobird" or the "Company"), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced that there will be no financing plan in the next three months. Our management team would appreciate for potential investors continued attention and interest to the Company, and we have raised some operating funds in previous financing activities will help us better expand our business. To better protect the interests of our small and medium shareholders, our management team decided not carry out any financing activities in the next three months and suspend previous financing activities conducted by the Company after speaking with and agreed by previous investors. We will continue to diligently develop the Company's business and seek new opportunities. About Infobird Co., Ltd Infobird, headquartered in Hong Kong, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions. For more information, visit Infobird's website at www.Infobird.com. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans", "will," "future," "expects," "believes," and "intends," or similar expressions, are intended to identify forward-looking statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events, results, conditions or performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date they are made. In evaluating such statements, investors and prospective investors should review carefully various risks and uncertainties and other matters identified in the Company's filings with the U.S. Securities and Exchange Commission. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
FBS Marks 15 Years of Traders Trust and Raffles iPhones 15 Pro Max among Clients
BANGKOK, Feb. 16, 2024 /PRNewswire/ -- FBS, a leading global broker, celebrates 15 years since the first trader registration. To honor the significant milestone and express gratitude to its traders, the global broker is thrilled to launch the FBS 15 Anniversary Raffle with fifteen iPhones 15 Pro Max as the tempting prizes. FBS Marks 15 Years Since First Trader Registration "Established in 2009, FBS has grown into a licensed financial service provider trusted by millions of traders worldwide. We aim to reinforce our clients' confidence in trading and consistently deliver reliable financial services," comments Alexandra Zaitseva, Head of Public Relations and Events at FBS. FBS is renowned for its transparent and smooth gateway to financial markets. With over 550 trading instruments, fast and accurate order execution, over 200 payment methods for deposits and withdrawals, and 24/7 multilingual client support, FBS is always at traders' service. The brand additionally caters to its clients, offering them varying resources for trading education and financial analytics. For instance, FBS's market insights via live streams, webinars, e-shots, and social media have recently helped its clients collectively get over $1,000,000 on CFD gold trading in less than a week. Alexandra goes on saying, "Not only do we offer top trading conditions, but also strive to constantly enhance our services. Most recently, FBS has introduced major updates to the client verification process. The implemented face scanning or liveness check technology has reduced the average verification time by 40%. Our clients now get a more efficient venue for the vast array of financial services offered by FBS." As of the end of 2023, FBS boasts over 27,000,000 traders worldwide and has a record IB Partners team exceeding 680,000 members. The annual trading volume of FBS's clients surpassed $543 billion by the end of the year. To celebrate its 15th anniversary, FBS runs a two-week Instagram contest, starting on February 14, 2024. Participants are invited to create a post sharing their trading journey with FBS and using #HappyBirthdayFBS hashtag. Those who want to compete for an iPhone 15 Pro Max must onboard before 04:59 (GMT+2), February 28, 2024. On February 29, 2024, fifteen iPhones 15 Pro Max will be raffled among the participants during a special birthday stream with Andreas Thalassinos, a veteran FX educator. About FBSFBS is a licensed global broker with over 14 years of experience and more than 90 international awards. FBS is steadily developing as one of the market's most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 680,000 around the globe. The annual trading volume of FBS clients is over $8.9 trillion. FBS is also the Official Partner of Leicester City Football Club.
FBS Marks 15 Years of Traders Trust and Raffles iPhones 15 Pro Max among Clients
KUALA LUMPUR, Malaysia, Feb. 16, 2024 /PRNewswire/ -- FBS, a leading global broker, celebrates 15 years since the first trader registration. To honor the significant milestone and express gratitude to its traders, the global broker is thrilled to launch the FBS 15 Anniversary Raffle with fifteen iPhones 15 Pro Max as the tempting prizes. FBS Marks 15 Years Since First Trader Registration "Established in 2009, FBS has grown into a licensed financial service provider trusted by millions of traders worldwide. We aim to reinforce our clients' confidence in trading and consistently deliver reliable financial services," comments Alexandra Zaitseva, Head of Public Relations and Events at FBS. FBS is renowned for its transparent and smooth gateway to financial markets. With over 550 trading instruments, fast and accurate order execution, over 200 payment methods for deposits and withdrawals, and 24/7 multilingual client support, FBS is always at traders' service. The brand additionally caters to its clients, offering them varying resources for trading education and financial analytics. For instance, FBS's market insights via live streams, webinars, e-shots, and social media have recently helped its clients collectively get over $1,000,000 on CFD gold trading in less than a week. Alexandra goes on saying, "Not only do we offer top trading conditions, but also strive to constantly enhance our services. Most recently, FBS has introduced major updates to the client verification process. The implemented face scanning or liveness check technology has reduced the average verification time by 40%. Our clients now get a more efficient venue for the vast array of financial services offered by FBS." As of the end of 2023, FBS boasts over 27,000,000 traders worldwide and has a record IB Partners team exceeding 680,000 members. The annual trading volume of FBS's clients surpassed $543 billion by the end of the year. To celebrate its 15th anniversary, FBS runs a two-week Instagram contest, starting on February 14, 2024. Participants are invited to create a post sharing their trading journey with FBS and using #HappyBirthdayFBS hashtag. Those who want to compete for an iPhone 15 Pro Max must onboard before 04:59 (GMT+2), February 28, 2024. On February 29, 2024, fifteen iPhones 15 Pro Max will be raffled among the participants during a special birthday stream with Andreas Thalassinos, a veteran FX educator. About FBSFBS is a licensed global broker with over 14 years of experience and more than 90 international awards. FBS is steadily developing as one of the market's most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 680,000 around the globe. The annual trading volume of FBS clients is over $8.9 trillion. FBS is also the Official Partner of Leicester City Football Club.
Cboe AUSTRALIA QUOTES iSHARES BY BLACKROCK ETFS, THE FIRST ASSET MANAGER TO LIST PRODUCT ON Cboe's GLOBAL NETWORK OF EXCHANGES
Five new ETFs, quoted for trading on Cboe Australia, are part of iShares by BlackRock's Factor ETF suite BlackRock becomes first asset manager to quote ETFs across Cboe's entire global network of exchanges Launch is major milestone in Cboe Australia's mission to drive competition in the Australian financial market and expand the investable universe for investors across it's a global listings network SYDNEY, Feb. 16, 2024 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced that Cboe Australia will commence trading in five new uniquely quoted Exchange Traded Funds (ETFs) from iShares by BlackRock. With these new quoted ETFs, BlackRock becomes the first global asset manager to uniquely quote its iShares ETFs on each of Cboe's global exchanges in the U.S., Canada, Australia, the UK and the European Union. Three of the funds will commence trading on Cboe Australia from today, 16 February 2024, while two Australian hedged versions of the funds will launch next week, Friday 22 February. "These new ETFs from iShares by BlackRock on Cboe Australia are a major milestone and a significant step forward to deliver on Cboe's global listings vision. Cboe is the only exchange network in the world facilitating access to global capital and secondary liquidity by offering a seamless path for asset managers to quote across our five listings exchanges," said Dave Howson, Executive Vice President, Global President, Cboe Global Markets. Emma Quinn, President, Cboe Australia, continued: "We're driving competition in markets like Australia, and expanding the investment universe for local investors, which we believe will provide cost efficiencies and improved investor outcomes. By combining the ability to deliver innovative products across our global network, with our leading-edge technology and best in class client service, we aim to change the face of the ETF marketplace both here in Australia and globally." Quinn continued: "We are delighted to work with BlackRock in Australia for the first time and put their products on The Exchange for the World Stage. This has been a tremendous effort by the teams locally. At Cboe Australia we pride ourselves on having a global reach, with local expertise and this global relationship is a good example of that in practice." Chantal Giles, Head of Wealth, BlackRock Australasia said, "ETFs play an important role in democratising investing for all types of Australian investors, enabling them to access more parts of the global market in a low-cost and efficient way. Our decision to list on Cboe demonstrates our commitment to support the growth of the Australian ETF ecosystem." The new iShares by BlackRock Factor ETFs quoted for trading on Cboe Australia include: iShares MSCI World ex Australia Momentum ETF (Ticker: IMTM), which tracks the MSCI World ex Australia Momentum Index that identifies large- and mid-cap developed global companies that have performed strongly over the last 6-12 months on a risk-adjusted basis. iShares MSCI World ex Australia Quality ETF (Ticker: IQLT), which tracks the MSCI World ex Australia Quality Sector Capped Select Index that identifies large- and mid-cap developed global companies that have healthy balance sheets, strong profit margins and a track record of consistent year-on-year earnings growth. iShares MSCI World ex Australia Value ETF (Ticker: IVLU), which tracks the MSCI World ex Australia Enhanced Value Index that identifies undervalued large- and mid-cap developed global companies based on fundamentals And the Australian hedged versions of IVLU and IQLT: the iShares MSCI World ex Australia Quality (AUD Hedged) ETF (Ticker: IHQL) and iShares MSCI World ex Australia Value (AUD Hedged) ETF (Ticker: IVHG), designed to reduce the volatility of foreign currency movements. Cboe is the second largest ETF listing venue in the U.S. with more than 680 ETF listings. Cboe Europe is the first Pan-European listing venue for ETFs, and currently offers more than 180 listings. Cboe Canada is home to more than 260 listings including public companies, ETFs and Canadian Depositary Receipts (CDRs). There are more than 20 ETFs and 1,100 other investment products quoted on Cboe Australia, which also captures up to 40 percent of the Australian ETF daily trading volume. Additional information can be found at Cboe Australia. About Cboe AustraliaCboe Australia is a regulated stock exchange committed to transforming, improving and growing Australia's securities and derivatives markets. Cboe Australia has experienced strong and sustained growth and has achieved significant milestones including gaining over 20 percent market share, a daily record of $5.98 billion traded value in equity trading and up to 40 percent of the Australian ETF market (trading and reporting). The Cboe Australia investment products platform offers a range of unique products exclusively traded on Cboe Australia, including Funds (ETFs and Quoted Managed Funds), and Cboe Warrants. For more information, visit www.cboe.com.au. Media Contacts Analyst Contact Cboe U.S. Angela Tu Cboe Australia Stephanie Duncan Cboe U.S. Kenneth Hill, CFA +1 646-856-8734 +61 421-172-820 +1 312-786-7559 firstname.lastname@example.org email@example.com firstname.lastname@example.org CBOE-CCBOE-OE Cboe®, and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with iShares, MSCI, or BlackRock. Investors should undertake their own due diligence regarding their securities, futures and investment practices. This press release speaks only as of this date. Cboe disclaims any duty to update the information herein. Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation. Cboe Global Markets, Inc. and its affiliates, to the maximum extent permitted by applicable law, make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices named in this press release to track the performance of the general market or any segment thereof, and shall not in any way be liable for any inaccuracies or errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the indices named in this press release and shall not in any way be liable for any inaccuracies or errors. Cautionary Statements Regarding Forward-Looking Information This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements. We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, including compensation inflation; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; global expansion of operations; factors that impact the quality and integrity of our indices; our ability to manage our growth and strategic acquisitions or alliances effectively; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the impacts of pandemics; the accuracy of our estimates and expectations; litigation risks and other liabilities; and operating a digital asset business and clearinghouse, including the expected benefits of our Cboe Digital acquisition, cybercrime, changes in digital asset regulation, losses due to digital asset custody, and fluctuations in digital asset prices. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2022 and other filings made from time to time with the SEC. We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Logo - https://mma.prnasia.com/media2/622233/Cboe_GM_New_Logo.jpg?p=medium600
DIFC's 20th Anniversary Takes Flight with Strong Contribution to Dubai's Economy and Record-Breaking Annual Results
DUBAI, UAE, Feb. 15, 2024 /PRNewswire/ -- Dubai International Financial Centre (DIFC) continued to differentiate its position as the leading global financial centre for the Middle East, Africa and South Asia (MEASA) region during 2023. DIFC 2023 Annual Review His Excellency Essa Kazim, Governor of DIFC, commented: "DIFC's 2023 performance reflects the Centre's standing as the leading global financial hub in the region, central to Dubai's Economic Agenda (D33). Reflecting DIFC's position as the primary choice for financial services related companies and innovation firms over the last 20 years, the results catapulted DIFC towards its Strategy 2030 targets which include doubling its contribution to Dubai GDP." Home to 5,523 active companies, with 1,451 new companies established in 2023, the highest number of new registrations annually in the Centre's history, DIFC announced it is ahead of target to double its GDP contribution by 2030. 2023 combined revenues grew at their fastest levels since inception, approaching AED 1.3bn, 23 per cent higher than 2022. Operating profit reached AED 859mn, up 27 per cent. Reflecting the strength of DIFC's financial position, total assets were AED 18bn, an increase of 18 per cent. The total of financial and innovation related active companies now stand at 1,674. During the year, 316 FinTech and Innovation firms established a DIFC presence, taking the net total to 902. DIFC also continues to be a magnet for talent attraction. The total workforce grew to 41,597, a 15 per cent year-on-year increase, creating 5,514 new jobs. DIFC built the MEASA region's biggest hub for wealth and asset management of over 350 firms primarily from the GCC, Europe, UK and US. There are now 50 hedge fund related firms in DIFC's wealth and asset management ecosystem. DIFC-based family business foundation structures also surged by 53 per cent to 443, reflecting a significant uptake during 2023. DIFC owned and managed properties continue to be in high demand. At the end of 2023, occupancy stood at 99.5 per cent. DIFC Living, the Centre's first residential offering, sold out within 48 hours of being launched. DIFC continued to support growth of the sustainable debt market within Nasdaq Dubai. The DIFC exchange emerged as the world's largest ESG sukuk market with more than 60 per cent of US-denominated ESG sukuk and close to 50 per cent of all-currencies ESG sukuk. Please visit: DIFC | 2023 Annual Review
Rockefeller Foundation Outlines 4 Ways to Scale JETPs
New report on Just Energy Transition Partnerships recommends piloting new approach in the Philippines NEW YORK, Feb. 15, 2024 /PRNewswire/ -- The Rockefeller Foundation released a roadmap to make Just Energy Transition Partnerships (JETPs) a more effective vehicle for transforming energy systems in low- and middle-income countries. "Scaling the JETP model – prospects and pathways for action" details lessons learned from the first wave of JETPs, identifies roadblocks to the current model, and proposes pathways to scaling JETPs in ways that benefit vulnerable communities. Specifically, The Rockefeller Foundation recommends piloting a new approach to JETPs in a country such as the Philippines, developing a more effective on-ramp for the next wave of interested countries, elevating the role of Multilateral Development Banks (MDBs) in the process, and broadening and deepening support from donor countries. "There is strong interest from the Philippine private and public sectors in scaled financial packages to support the country's Energy Transition Plan with focus on fast renewable energy (RE) development, building critical offshore wind port infrastructure, modernizing into a smart and green grid, and incentivizing voluntary early decommissioning and/or repurposing of coal plants," said Dr. Rowena Cristina L. Guevara, Undersecretary of the Department of Energy, Republic of the Philippines. "International partners must come together to explore how key strategic projects of that Plan can be financed, and the country's goal of reaching an RE share of more than 50% by 2040 expedited." A significant gap remains between global aspirations on climate action and the real pace of national transitions, especially among emerging and developing countries. To address this challenge, South Africa, Indonesia, Vietnam, and Senegal signed four JETP deals from 2021-2023 with the International Partners Group (IPG) of donors to accelerate the pace of their energy transitions. While JETPs are a political and financial innovation, the process to date has been slow, and the financing has failed to flow as quickly or at the scale initially promised. "To date, JETPs have been long on promise but short on progress. Our new report offers a clear-eyed assessment of what is working, what is not, and what can be done to realize the potential of these political and financial innovations," said Dr. Rajiv J. Shah, President of The Rockefeller Foundation. "While JETPs are only one piece of the energy transition puzzle, they could and should play a bigger, more effective role in empowering vulnerable people in emerging and developing economies with clean energy." Action Pathways to More Effective JETPs:During the six dialogues, co-organized by The Rockefeller Foundation and Environmental Defense Fund (EDF), during the second half of 2023, 250 global stakeholders, experts, and practitioners drilled down into what's holding the current model back as they are currently structured. The report identifies several barriers to scaling JETPs, which include announcing a political deal before negotiating a high-level investment plan, insufficient amounts of available concessional capital, lack of clarity around country demand for future JETPs, inconsistent role for the MDBs. and the heavy political burden this model has placed on the IPG. To better facilitate a next wave of countries interested in JETP-like packages of support, such as Colombia, Kazakhstan, Kenya, Mexico, Mongolia, Nigeria, the Philippines, and Thailand, among others, the JETP model needs to evolve. To that end, The Rockefeller Foundation's new report proposes four distinct, complementary, and mutually reinforcing action pathways: Experimenting with a JETP "country platform" model.As opposed to the existing JETP model, which begins with a high-level political deal, a country platform approach would provide a nationally owned institutional venue that can bring together domestic policy makers, international investors, and technical experts. This type of platform could oversee and manage a technical and negotiation process to develop a nationally appropriate investment plan – one which emerges from a technical process owned and overseen by a national government. A coordinated country demand signal.Although a second wave of countries have expressed interest in JETP-like packages of support, there are no established pathways or processes for these countries to follow to engage the international community. A clearer collective demand signal from countries could help set the international agenda, especially if they could align on the set of reforms required by the international financial system to respond to this demand signal. More pronounced MDB leadership.Successful country platforms are likely to require leadership from at least one MDB, such as the World Bank, Africa Development Bank, Asia Development Bank, Inter-American Development Bank, and others. These institutions could play a more prominent role in designing JETP packages, financing key projects, and helping blend in other types and sources of capital at the project level, while supporting the design and execution of each package. Broadening and deepening the IPG group of donors.Expanding IPG to include new members could mobilize greater quantities of new and additional concessional finance. The report also recommends shifting away from the current model, where individual IPG members make discrete offers, to a more collaborative approach where the entire group offers comprehensive JETP packages. Additionally, it advocates for a more proactive engagement in the country platform approach for future deals. Piloting a Way Forward in the Philippines:The Rockefeller Foundation intends to use the action pathways identified in this report to guide its continuing work in this space. As a next step, the report recommends greater philanthropic support for developing and resourcing the country platform model by piloting the new approach in countries such as the Philippines. Since 2022, The Rockefeller Foundation has collaborated with Climate Smart Ventures (CSV) to assess a possible JETP in the country. This initial work identified the need for approximately $9 billion in immediate investment capital to support near-term energy transition priorities and revealed a preference for a nationally owned platform to fund these investments, in line with the recommended country platform approach. "If successful, the lessons learned from piloting a JETP country platform approach in the Philippines could be tailored to work in other countries. As this report makes clear, philanthropy could play a critical role in supporting the technical work needed to make that possible. More broadly, advancing the Action Pathways identified in this report should feed into the G7, G20, COP and other conversations in the year ahead," said Dr. Joseph Curtin, Managing Director of Power and Climate at The Rockefeller Foundation, who drafted the report with inputs from Claire Healy, Senior Associate at E3G, and Mandy Rambharos, Vice President for Global Climate Cooperation at EDF. About The Rockefeller FoundationThe Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity. Today, we are focused on advancing human opportunity and reversing the climate crisis by transforming systems in food, health, energy, and finance. For more information, sign up for our newsletter at rockefellerfoundation.org and follow us on X @RockefellerFdn.