FEATURED NEWS
- November 21, 2024Business
Frasers Property Thailand wins Asia's Most Influential Companies Award at ACES Awards 2024
Frasers Property (Thailand) Public Company Limited, represented by Mr. Sarit Triroj, Executive Vice President of Corporate Communication and Branding, received the Asia's Most Influential Companies Award at the ACES Awards 2024. Frasers Property (Thailand) Public Company Limited or “FPT” has been recognised with the prestigious Asia's Most Influential Companies Award at the Asia Corporate Excellence & Sustainability Awards 2024 (ACES Awards 2024). Organised by MORS Group, a leading Malaysian business and sustainability consultancy, the award recognises outstanding organisations in Asia for excellence and sustainability. FPT’s recognition reflects its leadership position in Thailand's real estate sector and its resilience amid various challenges. FPT’s recognition at ACES Awards 2024 also reaffirms its commitment to organisational excellence and business development across multiple dimensions: Stable growth with strong performance: As an integrated real estate platform combining residential, industrial, and commercial properties, the company has a stable earnings base from recurring income sources while its development capabilities enable optimised risk adjusted returns for the company. This diversity provides portfolio flexibility, while its transition towards becoming a Real Estate as a Service brand with innovative services enhances customer experience and quality of life. This growth strategy is reflected in the company maintaining an ‘A’ credit rating with a ‘Stable’ outlook from TRIS Rating for four consecutive years. Products and services meeting present and future demands: FPT leads the market in trend identification and innovative solutions, maintaining a customer-centric approach to deliver good end-user experiences. Notable examples include ‘PromptMove’, fully-furnished ready-to-use offices catering to modern entrepreneurs seeking private spaces without long-term commitments, and built-to-function buildings, an innovative hybrid between ready-built and built-to-suit facilities. FPT is Thailand's first industrial real estate developer to introduce this building format. International market expansion: The companymanages factory and warehouse facilities in Karawang, Makassar, and Banjarmasin in Indonesia, and Binh Duong in Vietnam. These 70 units, strategically located in industrial and logistics hubs, comprise over 255,000 sqm under management. FPT plans further warehouse and factory developments while continuously exploring international business opportunities. Sustainable business practices: As a member of Frasers Property, FPT is aligned with the Group’s ESG Goals and aims to achieve net zero carbon by 2050. The company is dedicated to implementing environmentally and socially responsible practices in developing its high-quality properties, aligning with climate change mitigation efforts to create a positive sustainability impact. FPT also actively engages in community initiatives that enhance the quality of life and contribute to the broader social well-being of its stakeholders. Frasers Property Thailand remains committed to sustainable growth while prioritising social and environmental responsibility. The company strives to deliver positive experiences for all stakeholders, upholding its Purpose – Inspiring experiences, creating places for good.
- November 20, 2024Business
SURIAGROUP LEADS SUSTAINABLE FARMING IN KAMPUNG TEGUDON, KOTA BELUD
Suria Capital Holdings Berhad and its subsidiaries (SuriaGroup) recently led a Corporate Social Responsibility (CSR) initiative in Kampung Tegudon, Kota Belud, contributing RM10,000 to enhance sustainable farming practices and strengthen local food security. The initiative, organised in partnership with HOPES Malaysia, brought together volunteers from HOPES Malaysia, local villagers and employees of SuriaGroup, underscoring the company’s ongoing commitment to community resilience and environmental stewardship. SuriaGroup volunteers collaborated with local farmers to promote self-sufficiency through organic farming, focusing on sustainable agricultural practices. Key activities included clearing land for farming, raising planting beds, and preparing soil for sustainable crop cultivation. A total of 30 volunteers participated in various farm tasks under the guidance of En. Efandi Eldy Lim of HOPES Malaysia, who shared his insights on planting techniques, crop selection, and resilient agricultural practices. En. Efandi remarked, “This collaboration empowers local farmers to adopt sustainable practices and integrate them into their daily farming routines. We are deeply grateful for SuriaGroup’s support and the long-term positive impact this initiative will have on the Kampung Tegudon community.” Datuk Ng Kiat Min, Group Managing Director of Suria Capital, expressed her pride in SuriaGroup’s involvement in promoting sustainable farming, stating, “SuriaGroup is proud to be part of efforts that encourage sustainable farming in local communities. This collaboration goes beyond agriculture, offering an opportunity to empower the Tegudon community towards self-reliance and economic growth. We extend our sincere thanks to HOPES Malaysia for their partnership in laying the foundation for long-term sustainability and community empowerment.” SuriaGroup remains committed to supporting sustainable farming initiatives and continues to contribute towards sustainable development and community empowerment across Sabah. – THE END – For media enquiries, please contact: Group Corporate Affairs and Communications Tel: 088-257788; HP: 010-368 8788 (Kashani) Email: kashani@suriaplc.com.my
- November 20, 2024Food & Beverage
My Kitchen Rules serves up a winning recipe
The Seven Network’s My Kitchen Rules has taken the crown as Australia’s #1 cooking show, with the 2024 season reaching 9.8 million people and drawing its biggest audience since 2019. This year’s series ended on a high last night, with Simone and Viviana victory in the Grand Final reaching 1.85 million and attracting an average audience of 1.13 million, up 9% on last year’s Grand Final and also the biggest number since 2019. More than 116,900 people watched the Grand Final on 7plus, a record number and up 87% on last year. Across its 2024 season, My Kitchen Rules was up 4% on last year, including 49% jump on 7plus. It joins Australian Idol , Farmer Wants A Wife , The Front Bar and the TV WEEK Logie Awards on the list of key Seven entertainment shows that have grown their audiences this year. Seven Network’s Director of Content, Unscripted, Majella Hay, said: “Real food, great home cooks, Manu and Colin were a fantastic combination again this year and Australia responded, making this year’s My Kitchen Rules the best and the biggest in five years. “Thank you to our wonderful judges and home cooks, and to everyone at Seven and ITV Studios for creating such great entertainment. We can’t wait for the 2025 season.” Seven’s National Television Sales Director, Katie Finney, said: “My Kitchen Rules wouldn’t have been possible without the support and commitment of our major partners Spotlight, Woolworths and – for the first time – Lurpak, plus our sponsors Kaboodle Kitchens and Sensodyne. Thank you to all of them. “ My Kitchen Rules is the perfect platform to integrate brands authentically, giving the contestants in the competition what they need to shine and inspiring our audiences to take action – whether it’s cooking the recipes from the show or drawing style inspiration from the contestants’ instant home restaurants.” My Kitchen Rules is produced for Seven by ITV Studios Australia and will return in 2025. For further information, please contact: Neil Shoebridge M: 0417 511 012 E: neil@skmediagroup.com.au Andrew Knowles M: 0449 510 357 E: andrew@skmediagroup.com.au About the Seven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence in content production across broadcast television, publishing and digital. The Seven Network alone reaches about 17 million people a month. The company owns some of Australia’s most renowned media businesses, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; the digital platform 7plus; 7NEWS.com.au ; The West Australian; The Sunday Times; PerthNow ; The Nightly ; and Streamer . The Seven Network is home to Australia’s most loved news, sport and entertainment programming, including 7NEWS, 7NEWS Spotlight, Sunrise, The Morning Show, The Voice, Home and Away, Australian Idol, My Kitchen Rules, SAS Australia, Farmer Wants A Wife, The Chase Australia, Better Homes and Gardens, RFDS, The 1% Club and the TV WEEK Logie Awards . Seven Network is also the broadcast partner of the AFL, Cricket Australia and Supercars.
- November 20, 2024Business
CapitaLand Investment accelerates growth in funds management through the strategic investment in SC Capital Partners
CapitaLand Investment Limited (CLI), a leading global real asset manager, has entered into an agreement to acquire a 40% stake in SC Capital Partners Group (SCCP) for S$280 million1 (US$214 million), and the remaining stake in SCCP in phases over the next five years, subject to the fulfilment of conditions. This provides an orderly and aligned pathway for CLI’s full ownership of SCCP by 2030. As part of the partnership, CLI will also invest a minimum of S$524 million1 (US$400 million) strategic capital in SCCP’s fund strategies to support the growth of the platform. SCCP is a leading Asia Pacific real estate investment manager headquartered in Singapore with presence across eight2 locations in the region, and has a total funds under management (FUM) of S$11 billion3. When CLI’s acquisition of the 40% stake in SCCP is completed, it will increase CLI’s FUM by S$11 billion, strengthening its foothold as one of Asia Pacific’s largest real asset managers with a combined FUM of S$113 billion3,4. CLI and SCCP’s combined listed and private funds management platform will expand CLI’s network and capabilities across key Asia Pacific markets and sectors including hospitality, living, and renewables. Deepens CLI’s presence in its focus market of Japan 76% of the S$11 billion FUM from SCCP is in Japan. The acquisition will significantly boost CLI’s presence in its focus market of Japan, further enhancing its geographical diversification. CLI’s FUM in Japan will triple from S$2.9 billion5 to approximately S$11 billion. Contribution from Japan will increase from the current 3% of CLI’s FUM to 10% of the combined S$113 billion FUM of CLI and SCCP. Cements CLI’s position as one of Asia Pacific’s largest REIT managers by market capitalisation CLI will cement its position as one of Asia Pacific’s largest managers of real estate investment trusts (REITs) by market capitalisation6 with the addition of the manager of SCCP’s Japan Hotel REIT (JHR). The FUM of CLI’s listed funds will grow from S$63 billion to S$69 billion4,7 while the market capitalisation of its managed REITs and business trusts will increase from over S$30 billion to S$35 billion8. This marks CLI’s maiden entry into the Japan REIT market, the largest REIT industry in Asia Pacific9. With a market capitalisation of S$3 billion10, JHR is the second largest hospitality REIT listed in Japan and 13th largest REIT in the country. Strengthen CLI’s private funds management platform CLI will boost its private funds management capabilities and offer investors a wider range of fund products. SCCP’s flagship opportunistic private funds series - Real Estate Capital Asia Partners (RECAP) are complementary to CLI’s fund management growth strategy. SCCP’s other funds include core-plus and specialised strategies. SCCP’s more than 60 global institutional investors, most of which are new to CLI, will expand the combined team’s pool to approximately 120 global institutional investors. Mr Lee Chee Koon, Group Chief Executive Officer, CLI, said: “This acquisition is one of the strategic thrusts to scale up our capabilities and build bench strength across our focus markets, accelerating CLI’s growth as a global real asset manager to create greater value for our stakeholders. CLI and SCCP have complementary portfolios and geographic presence across the Asia Pacific region. The addition of SCCP’s capabilities will further solidify CLI’s foothold in the region.” “Together, our collective deal sourcing, investment and asset management network and capabilities across various thematic strategies will provide investors with wider access, and more differentiated and proprietary deal origination. There will be abundant opportunities to cross pollinate talents, as well as broaden and diversify our fund products. With our shared entrepreneurial and winning mindset, and our respective competitive strengths, we are confident that our strategic partnership will bring further value to our stakeholders,” added Mr Lee. Mr Suchad Chiaranussati, Chairman and Founder of SC Capital Partners Group, said: “We are excited to be joining forces with CLI to capitalise on the growth opportunities and dislocation we see in the real estate investment management markets in Asia Pacific. Our strategic partnership with CLI will enable SC Capital Partners to gain access to additional resources, enabling us to accelerate capital deployment and achieve scale, which is becoming increasingly important. Together with CLI, we look forward to driving continued strong performance and are committed to creating value for our investors.” Transaction details CLI will fund its initial investment of the 40% stake through cash, with the deal expected to close in the first quarter of 2025, subject to regulatory approvals. SCCP will continue to operate independently until CLI completes its acquisition of the remaining 60% stake in SCCP. CLI will participate at the board level in investment strategies that require the use of strategic capital. -------------- Notes [1] Based on exchange rate of US$1 = S$1.30928 [2] Presence across the region includes exclusive consultants, affiliates, senior development advisor and specialist operating platforms of SC Capital Partners. [3] Based on SCCP’s FUM as at June 2024, which only considers deployed capital, and includes Japan Hotel REIT’s announced acquisitions in July 2024. [4] Includes CapitaLand Integrated Commercial Trust’s acquisition of ION Orchard. [5] As at 30 June 2024. [6] Bloomberg as at 30 September 2024. [7] Based on Japan Hotel REIT’s FUM as at June 2024 and includes its announced acquisitions in July 2024. [8] As at 15 November 2024. [9] Mordor Intelligence, ‘ APAC REIT market size and share analysis - growth trends and forecasts (2023 - 2028) ’ [10] Market capitalisation is as at 15 November 2024.
- November 20, 2024Business
HSBC, Cathay Pacific and EcoCeres partner for major sustainable aviation fuel initiative in Hong Kong
HSBC Hong Kong, Cathay Pacific and EcoCeres are launching a significant initiative to support the use of sustainable aviation fuel (SAF) in Hong Kong. By bringing together Hong Kong’s largest bank, its home airline, and a leading Hong Kong-based SAF producer, the collaboration aims to support a key innovation for the long-term decarbonisation of air travel and foster a local SAF ecosystem for Hong Kong. HSBC Hong Kong is entering into a one-time purchase agreement for around 3,400 metric tonnes of SAF produced by EcoCeres, which will be used in Cathay Pacific flights departing from the Hong Kong International Airport. EcoCeres’ SAF is derived from 100% waste-based biomass feedstock, which can deliver an estimated reduction of up to 90% in greenhouse gas emissions compared to conventional jet fuel, certified by International Sustainability and Carbon Certification (ISCC). This batch of SAF is made from fully traceable feedstock of used cooking oil. The reduction in lifecycle carbon emissions is estimated to be 11,800 metric tonnes, compared with use of the same volume of conventional jet fuel. It is equivalent to the carbon emissions arising from around 10,000 roundtrip Economy class seats between Hong Kong and London on Cathay Pacific flights. Mr Lam Sai-hung, Secretary for Transport and Logistics of the Hong Kong SAR Government, Ms Clara Chan, Chief Executive Officer of the Hong Kong Investment Corporation Limited, Ms Luanne Lim, Chief Executive Officer Hong Kong of HSBC, Mr Ronald Lam, Chief Executive Officer of the Cathay Group and Mr Matti Lievonen, Executive Chairman of EcoCeres officiated a ceremony to mark the collaboration. Mr Lam Sai-hung, Secretary for Transport and Logistics of the Hong Kong SAR Government said at the ceremony, “The announcement of this tripartite partnership arrives at a crucial time. The collaborative efforts of Cathay Pacific, HSBC and EcoCeres in advancing sustainability resonate with the Government’s initiatives and vision. As mentioned in the Chief Executive’s Policy Address last month, our goal is to establish a usage target for SAF within next year, aiming to significantly reduce carbon emissions in the aviation sector.” The recent Hong Kong SAR Government’s Policy Address reaffirmed the city’s commitment to SAF development. For Hong Kong to cultivate the growth and application of SAF, as well as maintain its status as a leading international aviation hub, collaboration between government and business stakeholders is essential. The collaboration announced today signposts meaningful progress in this direction and encourages the public and private sectors to pursue further SAF initiatives. Ms Clara Chan, Chief Executive Officer of the Hong Kong Investment Corporation Limited (“HKIC”) said, “As Patient Capital, the HKIC has been pressing ahead with our investment in and strategic partnership with enterprises with great vision, teams and growth potential, which fit our dual mandate to support the future development of Hong Kong. EcoCeres is a classic example of a home-grown company, which has developed into a well-recognised unicorn on the global stage. We are pleased to see its commitment and concrete actions to support Hong Kong, as well as its continued development as a global trailblazer in SAF development and usage. Today’s partnership demonstrates the curation of “Tri-Synergy” – synergy between Hong Kong’s roles as international green technology and finance centre, as well as international aviation centre, synergy among stakeholders from different industries comprising HSBC, Cathay Pacific and EcoCeres, and synergy among Hong Kong and rest of the world. We look forward to the continued growth of this partnership and SAF’s development in Hong Kong.” Ms Luanne Lim, Chief Executive Officer Hong Kong,HSBC, said, “This is the largest SAF purchase that HSBC has undertaken to date. The Hong Kong initiative will serve as a pilot programme, which could help pave the way for broader implementation. It reflects our support for new economy solutions and demonstrates how businesses can collaborate to support innovative decarbonisation technologies.” In October 2020, HSBC set an ambition to become a net zero bank by 2050. The bank released its first Net Zero Transition Plan in January 2024, outlining its approach and the actions underway to help meet that ambition. Mr Ronald Lam, Chief Executive Officer of the Cathay Group, said, “We are grateful to HSBC for this landmark partnership, showcasing shared sustainability leadership, and to EcoCeres for their market leading SAF production. We are very encouraged by the participation by more and more corporates in SAF related initiatives. At the same time, we look forward to the development of a comprehensive SAF policy in Hong Kong as soon as possible, which is essential to raise and future-proof our home city’s competitiveness as an international aviation hub and foster its transition to low-carbon energy.” Cathay aims to achieve net-zero carbon emissions by 2050 and to use SAF for 10% of Cathay Pacific’s total fuel consumption by 2030. To accelerate the transition to SAF, Cathay launched its Corporate SAF Programme in 2022, enabling members to reduce their indirect emissions associated with air transportation. HSBC Hong Kong was a launch member of the Cathay Corporate SAF Programme. The programme has a total commitment of over 6,050 metric tonnes of SAF in 2024. Mr Matti Lievonen, Executive Chairman of EcoCeres said, “We are thrilled to contribute to the groundbreaking collaboration with HSBC and Cathay Pacific in piloting Hong Kong's first SAF ecosystem. This initiative will support HSBC in improving the traceability of its travel supply chain, and also exemplifies an initiative to support progress towards a greener future. We are confident that this tri-party partnership will serve as a successful model, inspiring global efforts towards decarbonisation in the aviation sector and promoting the shift to renewable energy solutions.” EcoCeres is one of the few companies in the world that can convert waste into various types of sustainable transportation fuels, accounting for around 20% of SAF market share globally in 2022 and 2023, according to the global SAF production volume published by the International Air Transport Association (IATA). About Cathay Pacific Premium full-service airline Cathay Pacific is the home carrier of Hong Kong with over seven decades of history, and is a founding member of the oneworld global alliance. Cathay also comprises the cargo division Cathay Cargo, low-cost carrier HK Express and its lifestyle business. Cathay is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE). For more information, please visit www.cathaypacific.com . About EcoCeres Inc. EcoCeres is a pure-play renewable fuel producer, with over a decade of experience in biomass utilisation, incubated by Towngas and backed by international investors Bain Capital and Kerogen Capital. Founded with a mission to address the challenges of climate change, EcoCeres has earned a reputation as a global innovator in the conversion of waste into renewable fuels, renewable chemicals and materials. As an ISCC-certified decarbonisation solution provider, the company produces industrial scale sustainable aviation fuel (SAF), hydrotreated vegetable oil (HVO), renewable naphtha and cellulosic ethanol (CE) through its proprietary processes. About The Hongkong and Shanghai Banking Corporation Limited The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 60 countries and territories. With assets of US$3,099bn at 30 September 2024, HSBC is one of the world’s largest banking and financial services organisations. Mr Lam Sai-hung, Secretary for Transport and Logistics of the Hong Kong SAR Government (middle), Ms Clara Chan, Chief Executive Officer of the Hong Kong Investment Corporation Limited (second from right), Ms Luanne Lim, Chief Executive Officer Hong Kong of HSBC (second from left), Mr Ronald Lam, Chief Executive Officer of the Cathay Group (first from left) and Mr Matti Lievonen, Executive Chairman of EcoCeres (first from right) officiated a ceremony to mark the launch of a significant initiative to support the use of sustainable aviation fuel (SAF) in Hong Kong.
- November 20, 2024Business
Towngas and CPN sign green methanol distribution MOU to promote Hong Kong as a green port
The Hong Kong and China Gas Company Limited (Towngas) and Chimbusco Pan Nation Petro-Chemical Company Limited (CPN) have recently signed a Memorandum of Understanding (MOU). Both parties agreed to establish a long-term partnership to jointly develop domestic and international green methanol marine fuel markets and promote the maritime industry’s green transition. Towngas and CPN will collaborate on green methanol fuel distribution. Towngas will supply CPN with its self-produced green methanol, which has obtained ISCC EU and ISCC PLUS certifications. CPN will be responsible for distributing the green methanol fuel to its customers. Towngas will also provide support in handling technical enquiries and providing product certification documents. Mr Edmund Yeung Lui-ming, Executive Director & Chief Financial Officer of Towngas, who witnessed the signing ceremony, noted that demand for green methanol as marine fuel will continue to rise as governments and international organisations worldwide implement decarbonisation requirements for the shipping industry. “Towngas is committed to expanding its green methanol production capacity and, through industry collaboration, responding to the Government’s recently promulgated Action Plan on Green Maritime Fuel Bunkering to contribute to Hong Kong’s development as a green maritime fuel bunkering centre.” Mr Calvin Chung Dik-hong, Director & Deputy General Manager of CPN, stated, “Implementing green methanol development is a crucial step in realising the Action Plan on Green Maritime Fuel Bunkering. As Hong Kong’s largest bunker fuel supplier and trading house, CPN actively pursues long-term development plans for alternative marine fuels with partners, helping to strengthen and enhance Hong Kong’s maritime industry advantages and contribute to establishing Hong Kong as a green port.” Towngas is the first enterprise on the Chinese mainland to receive ISCC EU and ISCC PLUS certifications for green methanol. The Company’s methanol production plant in Ordos, Inner Mongolia, uses proprietary technology to convert biomass and municipal waste into green methanol. Production is expected to reach 150,000 tonnes annually in 2025, serving both the maritime and chemical industries. Through retrofitting existing facilities and other measures, the Company plans to gradually increase the annual production capacity to 300,000 tonnes, supporting the International Maritime Organization (IMO)’s target to reach net-zero carbon emissions from international shipping by or around 2050. - END - Press Photos: Photo 1: Mr Sham Man-fai, Chief Operating Officer – Green Fuels & Chemicals of Towngas (left) and Mr Du Yemin, Director & Executive Deputy General Manager of CPN (right) sign the Memorandum of Understanding on behalf of both parties to develop the green methanol distribution business. Photo 2: Representatives attending the MOU signing ceremony include: (from left) Mr Oscar Ho Kin-wing, Senior Vice President – Operation of Towngas; Mr Sham Man-fai, Chief Operating Officer – Green Fuels & Chemicals of Towngas; Mr Don Cheng Hill-kwong, Chief Operating Officer – Hong Kong Business of Towngas; Mr Edmund Yeung Lui-ming, Executive Director & Chief Financial Officer of Towngas; Mr Du Yemin, Director & Executive Deputy General Manager of CPN; Mr Calvin Chung Dik-hong, Director & Deputy General Manager of CPN; Mr KK Wan Ka-kit, Head of Alternative Energy of CPN; Mr Steve Chan Kiu-hei, Trader of CPN. Photo 3: Towngas operates a methanol production plant in Ordos, Inner Mongolia, using proprietary technology to convert biomass and municipal waste into green methanol with ISCC EU and ISCC PLUS certifications. For media enquiries, please contact: The Hong Kong and China Gas Company Limited Mr Julius Chow Senior Corporate Affairs Officer Tel: 2963 3471 / 6969 1360 Email: julius.chow@towngas.com Ms Kara Kwong Senior Corporate Affairs Officer Tel: 2963 3497 / 6698 3357 Email: kara.kwong@towngas.com
- November 20, 2024Business
AWC Partners with SMBC to Support Thailand’s Goal of Becoming a Global Sustainable Tourism Destination with a THB 3,000 Million Sustainability-Linked Loan
Asset World Corp Public Company Limited (AWC), Thailand’s leading integrated lifestyle real estate group, has partnered with Sumitomo Mitsui Banking Corporation (SMBC) to sign a THB 3,000 million sustainability-linked loan. This collaboration reflects a shared commitment to advancing sustainability within Thailand’s real estate and tourism sectors. The partnership aims to shape a better future through high-quality projects aligned with international sustainability standards, promoting environmental, social, and governance (ESG) principles under AWC’s 3BETTERs framework: Better Planet for environmental strategies, Better People for community sustainability, and Better Prosperity for governance and equitable economic growth. This approach reinforces Thailand’s position to become a global sustainable tourism destination while creating value for all stakeholders across the value chain. Mr. Rajeev Kannan, Managing Executive Officer and Co-Head of the Asia Pacific Division at Sumitomo Mitsui Banking Corporation (SMBC), stated, "We are truly honored to partner with AWC on this milestone loan. Sharing a unified vision for sustainability, we are excited to work with AWC, Thailand’s leading real estate group, recognized for its world-class sustainability standards, which highlights its capability to develop high-quality projects that prioritize sustainable practices and its commitment to achieving carbon neutrality. As SMBC targets providing over THB 11 trillion (JPY 50 trillion) in sustainability-linked loans globally by 2030, this partnership exemplifies our dedication to building a better future for the environment, country, and the sustainable growth of the region." Mrs. Wallapa Traisorat, Chief Executive Officer and President, Asset World Corp Public Company Limited (AWC), stated, "AWC deeply impressed with SMBC’s commitment and vision as a global financial leader dedicated to sustainable growth. This sustainability-linked financing marks a significant step in joining forces to create shared value for all stakeholders and aligns with our strategic growth plan based on international sustainability standards. As a long-standing financial partner, our collaboration with SMBC is instrumental in advancing sustainability in Thailand’s real estate and tourism sectors, strengthening Thailand’s position as a global sustainable tourism destination.” AWC will utilize the sustainability-linked loan to further develop its operations in alignment with its sustainability goals and create shared value for all stakeholders throughout the value chain. This includes developing world-class landmark projects that establish new benchmarks for Thailand’s industries. Following the successful completion of the first LEED and WELL certified hotel in Northern Thailand last year, AWC continues to drive mega projects incorporating top-tier sustainability development practices, such as the "Lannatique" in Chiang Mai, "Aquatique" in Pattaya, and "Woeng Nakornkasem Yaowaraj" in Bangkok. These projects prioritize resource efficiency, energy conservation, and measurable reductions in greenhouse gas emissions, aligning with AWC’s Sustainability Performance Targets (SPTs) and the MSCI ESG Rating standards. Currently, AWC has successfully increased the proportion of sustainability linked loans and green loans to 100 percent from leading financial institutions, both domestically and internationally. This reflects the company’s commitment to creating a sustainable future for the country. AWC drives its business operations under the sustainable development framework, focusing on the three pillars, or 3BETTERs, which include Better Planet, Better People, and Better Prosperity. AWC’s commitment to sustainable growth has earned the company notable recognition. It is a member of the Dow Jones Sustainability Indices (DJSI) in the Emerging Markets category, achieving the highest scorer in the Hotels, Resorts & Cruise Lines industry, ranking among the Top 1% (Gold Class) on S&P Global rankings. Additionally, AWC has been listed in the S&P Global Sustainability Yearbook 2024 and received an "AA" rating from MSCI ESG Ratings. Furthermore, AWC’s affiliated hotels and lifestyle retail projects are committed to being part of the STAR (Sustainable Tourism Acceleration Rating) certification from the Tourism Authority of Thailand, strengthening Thailand’s position as a global sustainable tourism destination.
- November 20, 2024Education
Kasih BIO Programme Evokes Passion in STEM Among Students, Supports Orang Asli Community & Asnaf Students
Malaysian Bioeconomy Development Corporation (Bioeconomy Corporation) supported by the Ministry of Science, Technology, and Innovation (MOSTI) has launched a corporate social responsibility (CSR) programme called Kasih BIO in conjunction with the STI 100³ – Sciensation BIO 2024 programme at Universiti Malaysia Kelantan (UMK) Jeli Campus. Through the Kasih BIO programme, Bioeconomy Corporation provided contributions which include essential food items and school supplies for 30 orang asli families from Sungai Rual, along with zakat donations for 50 asnaf students from UMK. In the same event, Bioeconomy Corporation also collaborated with UMK Jeli Campus to implement the STI 100³ – Sciensation BIO 2024 Programme, which involved the participation of 130 students from 11 schools throughout Kelantan. They engaged in nine interactive learning activities led by 10 scientists from UMK to enhance student interest and understanding of Science, Technology, Engineering, and Mathematics (STEM), particularly in biotechnology and bio-based fields. According to MOSTI’s Deputy Secretary-General (Planning and Science Enculturation), YBhg. Puan Ruziah Binti Shafei, the Kasih BIO and STI 100³ – Sciensation BIO 2024 programmes exemplify how strong collaboration among the government, corporate sectors, and higher education institutions can fulfill the nation’s STI aspirations while ensuring that all segments of society are included in economic and social development. “These programmes lay a strong foundation for nurturing a highly skilled youth generation, aligned with future workforce needs in the STI sector. A strong interest and motivation in STEM among the youth must lead to initiatives in STI that provide significant benefits to all layers of society. Only then can Malaysia be recognised as a truly advanced nation in the eyes of the world,” she stated during the completion ceremony of the Kasih BIO programme at the UMK Jeli Campus Library today. The Chief Executive Officer of Bioeconomy Corporation, En Mohd Khairul Fidzal Abdul Razak emphasised that the Kasih BIO and STI 100³ – Sciensation BIO 2024 programmes reflect the organisation’s dedication to education in science, technology, and innovation, aiming to transform lives and provide lasting benefits to the community. “With our contributions through the Kasih BIO programme and the interactive activities under STI 100³ – Sciensation BIO, we aim to offer meaningful support to those in need while also raising awareness of the significance of biotechnology in daily life. We hope to inspire greater student and youth engagement in this field. Biotechnology-based programs like these build bonds of care and unity among all parties, forming a large family that continually supports one another in achieving the vision of a ‘bioeconomy for all.’” he added. The STI 100³ – Sciensation BIO 2024 Program is part of the STI 100³ initiative led by MOSTI, in line with the Prime Minister Dato’ Seri Anwar Ibrahim’s call to promote interest in STEM fields among students in educational institutions, particularly in rural and suburban areas. Bioeconomy Corporation has been appointed by MOSTI as the Coordinating and Driving Agency to implement the STI 100³ Programme, encouraging active participation from 100 local scientists across 100 schools over a period of 100 days. Bioeconomy Corporation aims to cultivate interest in STEM through student involvement in various interactive programmes, outdoor activities, practical applications in daily life, as well as group programmes and training under the STI 100³ – Sciensation BIO 2024 initiative.
- November 20, 2024Travel & Leisure
AirAsia MOVE launches SNAP! Flight + Hotel Packages for cheaper travel deals
Always cheaper together! Asia’s leading travel booking app, AirAsia MOVE is here to redefine your travel planning with SNAP! (Flight+Hotel) packages, making travel more affordable than ever. To bring even better value, SNAP! by AirAsia MOVE introduces WEDNESDEALS, a weekly 24-hour sale available exclusively on the AirAsia MOVE app every Wednesday for destinations across Asean and beyond. SNAP! Packages provide users with better value through the combined exclusive rates from our official airline partners, AirAsia and our direct hotel partners. This initiative highlights AirAsia MOVE's commitment as Asean’s favourite travel companion by delivering accessible and affordable travel options, all within the convenience of a single app. To mark the launch of WEDNESDEALS, SNAP! will be extending the usual 24-hour sale to three days, from 20 to 22 November 2024 , offering incredible discounts for travellers to save up to PHP1,630 OFF* with promo codes WEDNESDEALS and VISA for a minimum spend of PHP14,000. Don’t miss out! Set a reminder every Wednesday to unlock the best deals with WEDNESDEALS by heading to the app and clicking on the “SNAP! (Flight+Hotel)” icon. Stay updated with everything from the AirAsia MOVE by following @airasiamove on Instagram, Threads & TikTok or @airasia on Twitter for the latest updates. For a seamless and enhanced experience, download your AirAsia MOVE app from the Apple App Store , Google Play Store , or Huawei AppGallery. *Terms and conditions apply
- November 20, 2024Travel & Leisure
Guaranteed Cheaper Together with SNAP! (Flight+Hotel) Packages on AirAsia MOVE
Always cheaper together! Asia’s leading travel booking app, AirAsia MOVE is here to redefine your travel planning with SNAP! (Flight+Hotel) packages, making travel more affordable than ever. To bring even better value, SNAP! by AirAsia MOVE introduces WEDNESDEALS, a weekly 24-hour sale available exclusively on the AirAsia MOVE app every Wednesday for destinations across Asean and beyond. SNAP! Packages provide users with better value through the combined exclusive rates from our official airline partners, AirAsia and our direct hotel partners. This initiative highlights AirAsia MOVE's commitment as Asean’s favourite travel companion by delivering accessible and affordable travel options, all within the convenience of a single app. To mark the launch of WEDNESDEALS, SNAP! will be extending the usual 24-hour sale to three days, from 20 to 22 November 2024 , offering incredible discounts for travellers to save up to RM170 OFF* with promo codes WEDNESDEALS and VISA for a minimum spend of RM1200. Plus, there is more! Join our contest on social media from 19 to 30 November 2024 and stand a chance to be one of 10 lucky winners across Malaysia, Thailand, Indonesia, and the Philippines to win RM500 each* Don’t miss out! Set a reminder every Wednesday to unlock the best deals with WEDNESDEALS by heading to the app and clicking on the “SNAP! (Flight+Hotel)” icon. Stay updated with everything from the AirAsia MOVE by following @airasiamove on Instagram, Threads & TikTok or @airasia on Twitter for the latest updates. For a seamless and enhanced experience, download your AirAsia MOVE app from the Apple App Store , Google Play Store , or Huawei AppGallery. *Terms and conditions apply
- November 19, 2024Technology
Lunit Announces Collaboration with AstraZeneca to Develop AI-Powered Digital Pathology Risk Assessment Tools for NSCLC
Lunit, a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced a strategic collaboration with AstraZeneca, a leading pharmaceutical company, to develop AI-powered digital pathology solutions. The solution in focus is Lunit SCOPE Genotype Predictor, an AI-powered tool capable of analyzing H&E slide images to predict the likelihood of the tumor harboring NSCLC driver mutations, such as Epidermal Growth Factor Receptor (EGFR) mutations. Identifying patients with mutations in genes such as EGFR is crucial in determining the most appropriate therapies for patients with certain types of cancer, such as NSCLC. Genomic testing in NSCLC is resource intensive and time consuming, and is too often bypassed because of the urgency to begin treatment. By leveraging Lunit SCOPE Genotype Predictor, the collaboration aims to develop a rapid and cost-effective AI screening tool for predicting NSCLC driver mutations directly from H&E-stained tissue samples. The results from this risk assessment tool would be available before molecular test results, thus allowing practitioners to prioritize testing of patient tumor samples that have a high likelihood for harboring EGFR mutations. “This collaboration with Lunit underscores our commitment to advancing precision medicine in oncology,” said Kristina Rodnikova, Head of Global Oncology Diagnostics, Oncology Business Unit at AstraZeneca. “Tools like this will help to address unmet needs by optimizing diagnostic workflows for NSCLC patients and, ultimately, improve their outcomes.” “We are excited to partner with AstraZeneca, a leader in oncology therapeutics, to develop and evaluate this groundbreaking technology,” said Brandon Suh, CEO of Lunit. “The integration of Lunit SCOPE Genotype Predictor as a screening test into pathology workflows promises to improve the opportunity for patients to benefit from appropriate targeted therapy, ultimately improving patient outcomes and streamlining the treatment planning process.” Together, AstraZeneca and Lunit hope to further develop this screening tool and, following validation, explore its deployment in real-world settings to assess risk of lung driver mutations, and inform further molecular testing. Lunit SCOPE Genotype Predictor utilizes advanced deep learning algorithms to analyze H&E slide images and predict the likelihood of presence of druggable genomic alterations, such as the presence of EGFR and other genomic alterations which, when confirmed, could inform treatment decision making. This novel approach can inform treatment teams about which molecular tests and results could be most important to prioritize before starting therapy, making it a valuable tool for both pathologists and oncologists. As part of this collaboration, Lunit and AstraZeneca will also explore additional future molecular biomarker predictions based on H&E slide analysis, enabling their future development and extensive validation. The ultimate goal is to render these AI-powered solutions accessible to laboratories and healthcare institutions worldwide. By empowering healthcare practitioners with state-of-the-art computational pathology tools, actionable insights can be derived to help prioritize confirmatory molecular testing and select the optimal treatments for patients with cancer.
- November 19, 2024Travel & Leisure
Innovation takes flight beyond Hong Kong at the 7th annual Cathay Hackathon, with its Final Pitch held in Shenzhen
The seventh annual Cathay Hackathon, Cathay’s flagship tech event for young innovators, came to a successful close in the Greater Bay Area's globally renowned high-tech centre, Shenzhen last weekend, providing talented, tech-savvy, and entrepreneurial participants from Hong Kong, the Chinese Mainland and overseas with a platform to showcase their forward-looking and inventive spirit. With the final event held at Qianhai Kerry Centre on 16 November, the Cathay Hackathon 2024 marked its first expansion into the wider Greater Bay Area since its launch in 2016. The programme’s Final Pitch event brought together young tech enthusiasts as they developed and presented their innovative ideas and solutions designed to enhance the travel experience for Cathay Pacific’s customers, elevate Cathay’s lifestyle offerings, innovate Cathay Cargo’s operations, and increase HK Express’ operational efficiency. This year’s Cathay Hackathon attracted an overwhelming 1,500+ applications from university students in Hong Kong, the Chinese Mainland and overseas. Following a rigorous selection process, 74 teams involving some 300 students were invited to participate in a 24-hour online Development Day, where participants created, refined and prototyped their ideas before presenting them to a panel of industry experts during the First Pitch. Ten teams were shortlisted to enter the final round, with the opportunity to showcase their concepts to Cathay’s senior management as well as other judges. Joining the Final Pitch in Shenzhen as Guest of Honour, Hong Kong SAR Legislative Council member for the Technology and Innovation functional constituency Duncan Chiu said: “This year, the Cathay Hackathon has expanded into the wider Greater Bay Area for the first time. I see it as more than just a race; it’s a platform for teenagers to fulfill their dreams. I appreciate Cathay’s dedication to fostering a new generation of innovative thinkers by offering resources and support to help them pursue their aspirations with courage. Let’s all work together to empower these young dreamers so their passion for innovation can blossom like this hackathon, driving them towards future successes!” Cathay Director Digital and IT Lawrence Fong said: “In its seventh edition, the Cathay Hackathon made its foray into the wider Greater Bay Area for the first time this year. This has not only provided us with a platform to engage with a wider pool of young aspiring tech enthusiasts, but also reinforced our commitment to fostering creativity and innovation, and cultivating a new generation of digital talent for the aviation industry. The ingenuity and resourcefulness on display has been truly inspiring, and it goes to show how talented these young individuals are and how much can be accomplished with a progressive and can-do spirit.” Throughout the participants’ journey in the Cathay Hackathon, they explored emerging technologies like machine learning and artificial intelligence, learnt about acceleration opportunities to jump-start their ideas, and were given a behind-the-scenes glimpse into Cathay’s operations – both in the air and on the ground – at its Cathay City headquarters. The event was supported by various partners, including Alibaba Cloud, Amazon Web Services (AWS), BytePlus, Cyberport, Google Cloud, HK Express, Hong Kong Science and Technology Parks (HKSTP), Hong Kong International Airport, Huawei, iOS Club, Microsoft, and China Merchants Shekou Cruise Homeport, all of which provided participants with the necessary advice, tools, and resources to ideate, develop, and refine their concepts. This year’s winning team, GingTrip, comprised students from various universities in Hong Kong. Their winning idea features a modular trolley on HK Express flights to automate recycling and waste sorting. The waste data collected is processed automatically and loaded onto a dashboard, which helps inform and enhance data-driven decision-making. GingTrip member Andy Ng said, “It’s great to be back at the Cathay Hackathon. We took part last year and learnt a great deal from the guidance and feedback provided by our coaches, subject matter experts and the judges. This year, with the Hackathon expanding into the wider GBA, we gained valuable insights into the region’s growing tech landscape and were honoured to come out on top. We would like to thank the Cathay Hackathon team for creating such a unique experience for all of us.” GingTrip took home the top prize, with round-trip Business class tickets to any destination in Cathay Pacific’s network as well as a combined 100,000 Asia Miles. Additionally, they were offered fast-track access to ideation funding from incubation programmes, as well as a fast-track to Cathay’s Digital & IT Summer Internship and Graduate Trainee Programmes. The Cathay Hackathon is part of Cathay’s ongoing commitment to nurturing and developing young talent for the aviation industry in Hong Kong and beyond. Through its many successful initiatives, including its Digital & IT Summer Internship, Graduate Trainee Programmes, Cadet Pilot Training Programme, I Can Fly programme, and Cathay Community Flight, Cathay continues to empower young people and promote aviation, technology, and innovation in Hong Kong and the rest of the Greater Bay Area. For more information, please visit www.cathay.com With the final event held at Qianhai Kerry Centre on 16 November, the Cathay Hackathon 2024 marked its first expansion into the wider Greater Bay Area since its launch in 2016. Deputy Director General of the HKMAO of the Shenzhen Municipal People's Government He Xinhong (second from left), Deputy Director General of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Work Committee of the CPC Shenzhen Municipal Committee Wen Ping (left) and Cathay Group Chief Executive Officer Ronald Lam (third from left) presented the award to this year’s winning team, GingTrip. Hong Kong SAR Legislative Council member for the Technology and Innovation functional constituency Duncan Chiu joined the Final Pitch in Shenzhen as Guest of Honour.
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