FEATURED NEWS
- May 15, 2025Business
JD Logistics Launches International All-Cargo Air Route Between Wuhu, China and Hanoi, Vietnam
JD Logistics, also known as JINGDONG Logistics, has officially launched a new international all-cargo air route connecting Wuhu, China with Hanoi, Vietnam—marking the first direct freight flight service from Wuhu to Vietnam. This new route builds on JD Logistics’ growing Southeast Asia air network, which already includes routes between Shenzhen and Bangkok, as well as Shenzhen and Kuala Lumpur. Leveraging the strategic location of Wuhu Xuanzhou Airport (IATA：WHA) in China’s Yangtze River Delta, this new route enables efficient multimodal transportation across air, rail, road, and waterways, covering most of China’s core cities within 2-4 hours. The Wuhu to Hanoi route will primarily serve as a critical channel for exporting apparel, home appliances, furniture, and mechanical parts from eastern and central China to Vietnam, while facilitating the import of Vietnamese specialty goods into China. Operating 2–3 times per week, each flight can carry up to 20 tons of cargo. The launch is part of JD Logistics’ broader strategy to build its “11668” global supply chain air network . In recent years, JD Logistics has made significant progress in expanding its global end-to-end logistics capabilities. The company now operates over 100 bonded, direct mail, and overseas warehouses worldwide, managing more than 1 million square meters. In Southeast Asia alone, JD Logistics runs 7 overseas warehouses, supporting local businesses, Chinese brands expanding globally, and cross-border e-commerce sellers. In 2024, the company’s Southeast Asia business has more than doubled in volume year-over-year, driven by deepening strategic partnerships across the region. JD Logistics is also rapidly expanding its cross-border air freight capabilities across Southeast Asia, with air routes now serving Vietnam, the Philippines, Bangladesh, Thailand, and Malaysia. Looking ahead, the company will continue investing in its three strategic pillars—overseas warehouses, international air freight, and global express delivery—as it works to build a seamless and efficient global supply chain logistics network for businesses and consumers worldwide. ( [email protected] )
- May 15, 2025Business
CATL and Changan Mazda Sign Memorandum of Understanding to Accelerate Electrification
Recently, CATL and Changan Mazda Automobile (hereinafter referred to as "Changan Mazda") signed a memorandum of understanding (MoU) in Shanghai, under which both parties will, based on CATL's CIIC (Integrated Intelligent Chassis) - commonly known as the Skateboard Chassis - and Changan Mazda's vehicle manufacturing capabilities, jointly develop new energy vehicles (NEVs) featuring better intelligence and higher efficiency. The collaboration will inject strong momentum into Changan Mazda's electrification strategy while offering the industry a model for transformation through "technology integration and efficient development". The two companies plan to deepen cooperation in the skateboard chassis segment by combining their respective strengths. CATL's platform features a decoupled upper and lower body design, modular subsystems, standardized interfaces, and a hardware-software decoupling architecture. These characteristics allow for rapid adaptation across multiple vehicle models, significantly shortening development cycles and enabling both parties to respond more flexibly to evolving market demands. Looking ahead, CATL and Changan Mazda will continue to explore the application of the latest NEV technologies, aiming to deliver high-quality, safe NEVs and drive forward the transition to electrification.
- May 15, 2025Business
Ayuda en Acción, Indorama Ventures and IMG Group Launch Major Recycling Partnership to Tackle Waste Crisis in Mali
In response to Mali’s escalating environmental crisis, three leading organizations— Ayuda en Acción, Indorama Ventures, and IMG Group —have joined forces to launch ‘Bamagreen,’ a transformative recycling and reforestation project in the capital city of Bamako. New 'Bamagreen' initiative aims to drive circular economy and empower nearly 2,000 people, including displaced women and youth. 100,000 people expected to benefit from city-wide reforestation and waste education campaigns. This initiative is the first under the Plastic2Prosperity program, developed through the adaPETation® network by IMG Group. The project will strengthen plastic circularity while generating tangible socio-economic benefits, particularly for vulnerable communities including conflict-displaced populations, women, and young people. This partnership aims to demonstrate how recycling not only benefits the environment but also generates socio-economic opportunities in complex settings. Creating Jobs and Regenerating Communities At the heart of the initiative is a commitment to inclusive development. Bamagreen will directly engage around 1,950 individuals—40% of them women—in stable, dignified employment opportunities through recycling and environmental awareness efforts. In addition, more than 100,000 people are expected to benefit from city-wide reforestation and waste education campaigns. The program will bolster the recycling capabilities of local social enterprise ECOBUILD and introduce integrated environmental education to reduce the impact of unmanaged plastic waste in Bamako, where open dumping and deforestation are accelerating pollution and desertification. A Shared Vision for Circular Impact “This agreement reflects our commitment to sustainability and to creating opportunities for the most vulnerable populations,” said Jean Christophe Gerard, Regional Coordinator for the Sahel at Ayuda en Acción. “We are not only addressing an environmental problem but also providing economic opportunities for those who need them most.” “At Indorama Ventures, we believe that waste is not just a problem—it’s a powerful opportunity,” said Yash Lohia, Executive President and Chairman of the ESG Council at Indorama Ventures, a global sustainable chemical company. “By raising awareness and investing in circular solutions like Plastic2Prosperity, we can transform environmental challenges into engines of socio-economic growth. This project in Mali shows what’s possible when we work together to regenerate communities and our planet.” Carlota Calonje, Social Impact Manager at IMG Group, added: “Bamagreen embodies everything we aim to achieve with adaPETation®: transforming environmental challenges into opportunities to empower people and rebuild communities. This is only the beginning—we aim to scale this model to other regions where plastic is part of both the problem and the solution.” also emphasized the importance of "supporting sustainable livelihoods, particularly for women and youth, while addressing urgent environmental priorities through circular economy models."
- May 15, 2025Business
Atturra First Sovereign IT Services Company in Australia to Achieve All Six Microsoft Solution Designations
Atturra has today announced that the organisation’s Microsoft Practice is one of the first Australian Microsoft partners to achieve all six Solution Designations in the Microsoft Cloud Partner Program. This milestone recognises Atturra as one of a select group of Australian Microsoft sovereign partners to meet the highest benchmarks of capability and client success across the full Microsoft Cloud. The Microsoft Cloud badge is awarded to partners who achieve all six Solution Designations. The Solution Designations are: Business Applications, Data & AI (Azure), Digital & App Innovation (Azure), Infrastructure (Azure), Modern Work, and Security. “We’re incredibly proud to be recognised as one of the first partners to achieve designation across every Microsoft Cloud solution area,” said Greg Mace, Executive General Manager, Cloud Business Solutions at Atturra. “It’s a reflection of the commitment and depth of our national team of over 150 security-cleared, Australian based, Microsoft experts. As a result, both enterprises and public sector agencies trust and empower Atturra to solve complex business challenges to deliver a world-class experience and drive transformational change using the latest Microsoft technologies.” The Microsoft Solutions Partner designation demonstrates Atturra’s technical capabilities, experience, and ability to deliver mission-critical solutions aligned to public and private sector clients across Australia. Each Solution Partner Designation is assessed against rigorous criteria covering performance, technical skilling, and proven client success. For Atturra, this recognition not only validates years of investment in Microsoft capability but also unlocks new opportunities to innovate alongside Microsoft and support more strategic digital transformation initiatives for clients. Atturra began its journey in the Microsoft Cloud Partner Program in 2015. Since then, the Microsoft Practice has rapidly expanded its footprint, securing contracts across Defence, Education, Utilities and Government sectors. The full set of designations now enables enhanced collaboration with Microsoft, providing exclusive programs to accelerate client outcomes through AI, cloud modernisation, and secure infrastructure deployment. “ This achievement is more than a badge,” added Mace. “It means we can continue to offer our clients the confidence that their digital investments are supported by one of the most qualified Microsoft teams in the country – and one that’s backed by sovereign delivery capability.”.
- May 15, 2025Business
Pact Wins Two Sustainability Categories at the 2025 Packaging Design and Innovation Awards
Pact Group has won two prestigious sustainability category awards at the 2025 Packaging Design and Innovation Awards (PIDAs). Sulo 120 and 240 litre wheelie bins won gold for Recycled Content and Pact’s new Plasma coating won gold for PFAS reduction. Sulo’s Circular Wheelie Bins: Gold Award in the Sustainable Category (Recycled Content) SULO was recognised for the 120L and 240L kerbside mobile garbage bins which are now made from recycled resin using used packaging such as shampoo, detergent and sauce bottles, and lids from jars and bottles collected from kerbside recycling bins. Making SULO garbage bins using recycled plastic reduces the need to use virgin resin sourced from fossil fuels and diverts thousands of tonnes of plastic waste from landfill each year. Using recycled resin to make new bins can also significantly reduce carbon emissions and water usage from the manufacturing process. The packaging waste is recycled at the Pact-operated Circular Plastics Australia (CPA) recycling facility in Melbourne, where it is sorted, shredded and washed in the state-of-the-art facility and turned into a high-quality recycled resin. SULO bins are manufactured in dark colours such as black and dark green, which enables them to be made with the highest quantity of locally sourced, post-consumer recycled plastic. Pact Plasma Coating: Gold Award in the Sustainable Category (PFAS Reduction) Pact’s Household and Industrial Packaging division was recognised for transitioning crop giant ADAMA 5L to 20L agrichem range to Pact’s plasma coated containers. Pact’s licensed plasma coating technology applies a safe and leakage-free internal solvent resistant barrier that removes the need for fluorination, which causes PFAS. Pact’s plasma coated containers are recyclable through the relevant recycling programs such as DrumMUSTER in Australia and AgRecovery in New Zealand. Both of Pact’s winning entries are now eligible to compete on the global stage in the to the 2026 WorldStar Packaging Awards – the most prestigious international packaging competition.
- May 15, 2025Business
Indian celebrity chef Sanjeev Kapoor launches authentic new range exclusively at Coles
Coles is set to spice up Aussie kitchens with the launch of Arth, a new range of authentic Indian products developed by India’s most celebrated celebrity chef Sanjeev Kapoor. Available exclusively at 440 Coles supermarkets, the 15-product range is crafted with Chef Kapoor’s signature spice blends and deep culinary expertise – with each item priced $6 or less. India has surged ahead of China to become the largest source of new Australian citizens and now ranks as the second-largest overseas-born population in Australia 1. The Arth launch comes as more Aussies embrace Indian cuisine at home, with Coles’ Indian grocery range growing nearly 60% over the past two years. In the past 12 months alone, it’s attracted the fastest-growing customer base across the grocery aisles, up 34%. Chef Kapoor is a global icon and household name in Indian cuisine with Asia’s longest-running cooking show Khana Khazana, more than 200 best-selling cookbooks and over 26.5 million followers on social media. From creamy curry pastes to rich marinades, warming Khichdi to tangy pickles, the Arth range brings to life Chef Kapoor’s passion for flavour with easy instructions that make Indian cooking simple and accessible for all. Chef Kapoor said the range was designed to take the guesswork out of cooking and help more Australians fall in love with Indian food. “I’ve spent my career showing people how authentic Indian food can be easy and enjoyable, and the Arth range is the next chapter of that journey here in Australia,” he said. “This range really is for everyone – whether you’ve grown up with these flavours or want to try something new. You don’t need special skills or fancy ingredients but just a love of good food.” Standouts from the range include the rich and creamy Mutter Paneer Paste (270g) – a North Indian favourite for $5.80, the bold Tandoori Marinade (270g) perfect for chicken or lamb at $6.00, and the comforting Masala Khichdi – a risotto-style blend of rice, lentils and warming Indian spices for just $3.00. Coles Chief Commercial Officer Anna Croft said the supermarket is evolving with its customers to meet their changing tastes and preferences. “Our customers are telling us they want more variety, more global flavours and simpler ways to enjoy dinner at home – and that’s exactly what we’re focused on delivering with the Arth range,” she said. “We know that the Global Cuisines segment is expected to grow significantly in Australia as more customers look for simple solutions to create authentic meals at home. And this is a trend we are also seeing with our customers, with the Asian and Indian segments two of the fastest growing categories in our grocery aisle.” “This launch is the latest example of how we’re listening and responding to our shoppers, partnering with Chef Kapoor has been the perfect way to deliver real Indian flavours to Aussie dinner tables.” “These amazing products take the pressure off and give you that full-flavour hit without spending hours in the kitchen – no hard-to-find ingredients, no complicated steps.” The full Arth range is available now online and at select stores, with products including: • Curry Pastes – Rogan Josh, Goan Curry, Tikka Masala, Mutter Paneer • Marinades – Tandoori, Mint Chilli • Pickles – Mango, Sweet Lime, Lime & Chilli, Lime Pickle • Khichdi – Masala, Spinach & Brown Rice, Brown Rice & Cumin • Sauces – Mint Chapati Sauce, Special Chilli Sauce To explore the full range or find a store near you, visit: coles.com.au/offers/arth For media enquiries, please contact Coles Media Line (03) 9829 5250 or [email protected] or [email protected] About Sanjeev Kapoor Chef Sanjeev Kapoor is a globally recognised culinary icon and a Padma Shri Awardee. With a career spanning decades, he has revolutionised Indian culinary arts through his successful television shows, best-selling cookbooks, restaurants, and innovative kitchen products. His show "Khana Khazana" is the longest-running cookery show in Asia, and he was the first chef to launch his food channel, FoodFood. Kapoor has made significant contributions to global cuisine, serving on the board of the Singapore Airlines International Culinary Panel and representing India in various international culinary events. Notably, he introduced Ayurvedic cooking to the global chef community and his entrepreneurial ventures include the popular Wonderchef brand and Tiny Chef, a company focused on culinary AI. An advocate for social causes, Chef Kapoor supports the Akshaya Patra Foundation, which provides meals to millions of schoolchildren, and works closely with the Forum for Autism. His online presence is widespread, with over 8.9 million fans on Facebook, 7.6 million YouTube subscribers, more than 2.1 million Twitter followers, and over 2 million followers on Instagram. Sanjeev Kapoor continues to inspire and empower food enthusiasts worldwide through his culinary innovations and philanthropic efforts. For more information visit: www.sanjeevkapoor.com 1 Source: Australian Bureau of Statistics, Australia’s Population by Country of Birth and Department of Home Affairs
- May 15, 2025Travel & Leisure
AirAsia & Tourism Western Australia launch strategic partnership aimed at inspiring more travel regionally
AirAsia and Tourism Western Australia (TWA) today announced an impactful collaboration to spur further travel between Malaysia and Perth, a key Australian destination of AirAsia. [Photo Caption: Dato' Captain Fareh Mazputra, CEO of AirAsia Malaysia and Anneke Brown, Managing Director of Tourism Western Australia at an event at Botanica + Co at Bamboo Hills, Kuala Lumpur to commemorate a strategic partnership As part of this partnership, AirAsia will be giving away an incredible RM400,000 worth of discount codes for flights from Kuala Lumpur to Perth, with each code valued at RM200. This exciting initiative is part of AirAsia’s broader commitment, intended at encouraging travel whilst rewarding travellers, thus reinforcing our commitment to making air travel more accessible and affordable. The campaign also aims to complement Western Australia’s ‘ Walking On A Dream ’ visionary global tourism brand, designed to elevate the state's profile as a unique and aspirational destination. To enjoy RM200 off, AirAsia guests will need to key in the promo code ‘AAPERTWA’ when booking their flights during the campaign period between 14 May to 31 July 2025, for travel until 31 December 2025 on a first-come, first-served basis. This joint initiative also marks a renewed commitment to promote Perth as a must-visit destination for travellers seeking a unique mix of nature, culture and urban adventure — all just a short flight away from Malaysia. Known as, ‘Australia’s Western Gateway’, Perth is one of the country’s most stunning and diverse cities, renowned for its stunning natural beauty, pristine coastline, inner city beaches, vibrant arts scene and laid-back charm. Dato' Captain Fareh Mazputra, CEO of AirAsia Malaysia said: “Perth has long been one of AirAsia’s most popular destinations in Australia. Since the route was launched in November 2007, we’ve flown millions of guests to the city and for many Malaysians, it truly is our ‘home away from home’. We’re excited to work hand-in-hand with Tourism Western Australia to reignite travel interest and provide more value-driven options for those eager to explore this stunning destination.” Anneke Brown, Managing Director of Tourism Western Australia added: “This partnership with AirAsia marks an exciting step forward in welcoming more Malaysian travellers to Western Australia. With our Walking On A Dream tourism brand, we set out to showcase WA travel experiences that feel both otherworldly and are deeply rooted in nature and culture. Malaysia is one of our key international visitor markets, partly in thanks to its close proximity to Western Australia, Perth’s strong aviation links with Kuala Lumpur, and our shared time zones, and we look forward to sharing the magic of WA with more Malaysian travellers to come.” AirAsia has been steadily growing its presence in Australia since 2007. AirAsia Malaysia, together with its sister airline AirAsia X (airline code D7) under the airline Group fly direct from Kuala Lumpur to 4 destinations in Australia; Perth, Melbourne, Sydney and soon Darwin (with 4 weekly flights to commence on 27 June 2025) with a combined weekly frequency of 22 weekly flights. The Group also comprises Indonesia AirAsia (airline code QZ) which serves Darwin and Cairns 3 times weekly and Perth up to 28x weekly from Bali. Indonesia AirAsia will soon also fly to Adelaide (with 4 new weekly services commencing 25 June). *The promo code is valid only for the base fare and applies to AirAsia return flights between Kuala Lumpur and Perth. The promo code ‘AAPERTWA’ will need to be keyed in at the homepage. Each RM200 promo code will be applied as RM100 for the KUL–PER sector and RM100 for the PER–KUL sector. Any unused balance will be forfeited and is not redeemable for future use. A total of 2,000 promo codes will be allocated for the campaign period from 14 May to 31 July 2025, with a monthly cap of 666 codes on a first-come, first-served basis.
- May 14, 2025Business
FUJIFILM Manufacturing Europe B.V. Introduces an Electric Boiler System for Progressing Towards the Fujifilm Group’s Target of a Carbon Neutral Society
FUJIFILM Holdings Corporation (President and CEO, Representative Director: Teiichi Goto) announces the introduction of an electric boiler system at the facilities of FUJIFILM Manufacturing Europe B.V in the Netherlands, which primarily engages in the production of photographic materials and cell culture media. Installing the electric boiler system and establishing a hybrid system in combination with a natural gas boiler significantly contribute to reducing CO2 emissions (Scope 1) generated from fuel that are technically challenging to decarbonize. This initiative marks the first deployment of the electric boiler within the Fujifilm Group. The installation makes it possible to produce the steam necessary for the cell culture media production at the facility. Furthermore, by the fiscal year 2025, the energy-related CO2 emissions at the facility are expected to be reduced by approximately 26% compared to the fiscal year 2024. The installation marks a significant step forward in Fujifilm Group's efforts to achieve a carbon neutral society. Electric boiler system in the FUJIFILM Manufacturing Europe B.V. FUJIFILM Manufacturing Europe B.V. has been playing a leading role within the Fujifilm Group in addressing climate change, operating entirely on renewable wind energy. In addition, FUJIFILM Business Innovation announced the establishment of Circular Manufacturing Center in the Netherlands in June 2024 to promote resource circulation in Europe. The manufacturing center collects used toner cartridges from printers in Europe and remanufactures them as new toner cartridges at present. To fight against climate change, Fujifilm Group has set bold targets to reduce carbon dioxide emissions. The targets mean that Fujifilm Group will achieve net zero CO2 emissions from our energy consumptions*1 by fiscal 2040 by maximizing the energy efficiency and transitioning to renewable energy sources. Additionally, Fujifilm Group is committed to reducing carbon dioxide emissions from the entire product lifecycle, covering raw material procurement, manufacturing, transportation, usage and disposal by 50% compared to the fiscal year 2019 levels, by fiscal 2030. Fujifilm Group will continue to work toward its group purpose “Giving our world more smiles”, by addressing social issues and contributing to create a more sustainability future for all. *1 Direct emissions from our manufacturing processes (Scope1) and indirect emissions due to the use of electricity and team supplied from other companies (Scope2). Contact Media Contact FUJIFILM Holdings Corporation Corporate Communications Division, Public Relations Group +81-3-6271-2000 * Please note that the contents including the product availability, specification, prices and contacts in this website are current as of the date of the press announcement and may be subject to change without prior notice.
- May 14, 2025Business
Ascott boosts talent development to drive the opening of more than 300 new properties by 2028
The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is ramping up talent development to support the opening of more than 300 new properties by 2028. This global expansion is expected to create more than 12,000 new jobs, including over 1,500 property leadership roles. To power this growth, the company is launching Ascott Accelerate, a structured talent management programme that fast-tracks high-potential associates into hospitality leadership positions. This will be complemented by a digital learning platform offering flexible and accessible development opportunities for associates across all levels. Connecting Ascott associates from across places and cultures, out-of-classroom initiatives such as the Ascott Global Exchange Programme and Ascott Learning Festivals provide in-person opportunities for associates from different regions to engage in cross-culture discussions and gain insights into best practices from expert trainers. Both new initiatives are part of the Ascott Global Academy for Excellence (AGAX), a comprehensive training platform launched in 2024 to build a future-ready workforce and support Ascott’s target of achieving over S$500 million in fee-related earnings by 2028. AGAX is led by the Ascott Learning Council, co-chaired by Ms Wong Kar Ling, Chief Strategy Officer and Managing Director, Southeast Asia, and Mr Lee Ngor Houai, Chief Operating Officer for Europe, Middle East, Africa (EMEA), South Asia and China. With over 12,000 new jobs expected to be created across more than 300 new properties slated to open as part of Ascott's global portfolio by 2028, the company's talent management programme, Ascott Accelerate, will seek to train and fast-track high-potential associates into key property leadership roles. Ascott Accelerate is one of the many new initiatives introduced as part of AGAX. AGAX is a comprehensive training platform designed to build a future-ready workforce for Ascott. It was launched in 2024 at the group's biennial Ascott Global Conference. In 2024, Ascott continued its upward trajectory, achieving a third consecutive year of record fee-related earnings at S$343 million, reflecting a 12% year-on-year increase on a recurring basis1. This performance was driven by a 6% rise in revenue per available unit (RevPAU) and the opening of a record 11,700 units across 54 properties. Today, Ascott’s global footprint spans more than 990 properties in over 230 cities, with two-thirds already operational. The company is advancing its growth through a multi-typology brand strategy designed to scale and diversify its presence across key markets. Malaysia exemplifies this approach with a portfolio of more than 40 properties – both operational and in the pipeline – spanning serviced residences, hotels, resorts, social living spaces and branded residences. Fittingly, Ascott chose Penang – home to 21 of these properties – as the launch site for Ascott Accelerate and its new digital learning platform during the Ascott Learning Festival, reinforcing Malaysia’s role in supporting the company’s broader growth strategy. At Ascott, our vision is to be the preferred hospitality company, enriching global living with heartfelt experiences. To deliver on this, we have expanded our portfolio beyond serviced residences to include hotels, resorts, social living spaces and branded residences, offering guests more choices under our brand promise ‘Stay Your Way.’ Our multi-typology brand framework not only caters to the diverse needs of today’s travellers, but also empowers our associates to develop broad-based expertise and thrive across different accommodation formats. As our business continues to grow and diversify, we remain deeply committed to developing our people, ensuring they have the skills and support to grow with us. Looking ahead, talent development will remain central to our strategy as we expand globally, with over 300 new properties set to become operational by 2028. - Lee Ngor Houai, Ascott's Chief Operating Officer for Europe, Middle East, Africa (EMEA), South Asia and China To future-proof our talent pipeline, we are excited to launch Ascott Accelerate, a comprehensive initiative designed to nurture high-potential talent at every stage of their hospitality careers. This programme supports associates from entry-level roles to key property leadership positions, such as Residence Manager and General Manager. Through mentorship, on-the-job training, project-based learning and e-learning, Ascott Accelerate will shape the next generation of hospitality leaders, equipping them with the capabilities to drive our continued success. As the training needs of our organisation evolve, we are also exploring partnerships with leading hospitality institutions to enhance the professional credentials of our team. We welcome individuals with a passion for hospitality to join us at Ascott, where opportunities to grow and thrive are part of our dynamic journey. - Wong Kar Ling, Ascott's Chief Strategy Officer & Managing Director for SEA Ascott Accelerate features three progressive career development tracks: Aim, which builds foundational leadership skills essential for supervisors; Advance, which strengthens the management capabilities required to lead as heads of departments; and Aspire, which prepares future Residence Managers and General Managers through curated hands-on learning, equipping them with the agility and leadership skills to thrive in a fast-evolving hospitality landscape. To turbocharge the programme, Ascott is also introducing a new digital learning platform that enables associates to learn anytime, anywhere. Featuring tailored content across key operational areas – including guest services, housekeeping, property maintenance, digital technology and finance – the platform empowers associates to develop relevant skills at their own pace, while balancing daily responsibilities. Supporting Ascott Accelerate, a new digital learning platform has also been launched to make tailored content across functions accessible. Associates from all functions, including Guest Services, Housekeeping, Finance and Digital Technology, can build relevant skills at their own pace while balancing daily responsibilities. In addition, Ascott is enriching learning experiences through initiatives like the Ascott Global Exchange Programme and Ascott Learning Festivals. The exchange programme offers promising associates short-term overseas postings to broaden their perspectives, adapt to new environments and learn from high-performing teams across the network. Complementing this, the Ascott Learning Festivals are dynamic, in-person events where associates gain insights into the latest industry skills and best practices from expert trainers and thought leaders. Ms Wong added: “Hospitality is about connecting people across places, cultures and possibilities. At Ascott, we believe those connections should begin within our own teams. Just as we aspire to offer global living to our guests, we are equally committed to giving our associates the opportunity to experience the global nature of our business – whether through international assignments or globally connected platforms like our learning festivals. These initiatives reflect not only the scale of our operations but also why many are drawn to hospitality: a passion for people, culture and discovery.” For more information on career opportunities and to explore how you can grow with Ascott, please visit: https://www.discoverasr.com/en/the-ascott-limited/careers . Note: 1 Excluding fee-related earnings from one-off projects and the impact of foreign exchange movements.
- May 14, 2025Event Announcement
JD Flowers Blossoms at 9th International Rose Symposium with Supply Chain Innovation
The 9th International Rose Research and Cultivation Symposium kicked off on May 10 in Mentougou District of Beijing. It is the first time that China is hosting the symposium in its 40-year history. Among standout participants, JD Flowers – the floral division of JD.com – seized the spotlight by presenting its cross-border supply chain solutions at the Diplomats’ Cultural Exchange Salon. The salon drew over 150 ambassadors and representatives from more than 30 countries and international organizations. Under the theme “ The Magic Door to Flowers Anywhere ,” JD Flowers showcased its global floral network through an immersive presentation. Attendees followed the journey of blooms from Dutch tulip fields to Ecuadorian rose farms, highlighting JD’s unparalleled ability to deliver freshly cut flowers to Chinese consumers. By leveraging JD’s global procurement network, dedicated cargo flights, advanced freshness-preservation warehouses, and instant retail ecosystem, JD Flowers can now achieve a remarkable 9-minute delivery window for internationally sourced flowers from the moment an order is placed via JD’s app. “We’re transforming flowers from occasional luxuries into everyday emotional companions,” said Jensen Liu, Head of JD Flowers. “Every bouquet carries cross-cultural connections.” Capitalizing on China’s thriving $15 billion floral market, JD Flowers has a large amount of urban white-collar users, who account for 70% of its user base, and taps into JD.com’s 600 million active users. Earlier this year, JD.com airlifted one million Dutch tulips from FloraHolland’s Aalsmeer hub to China . Stored in JD Logistics’ Guangzhou floral centers using 2-8°C temperature-controlled packaging, the flowers were distributed nationwide via cold-chain networks for same-day or next-day delivery. Beyond floral displays, JD’s National Pavilion enriched the event’s multicultural bazaar with flagship stores representing Australia, Azerbaijan, and other nations. Visitors sampled global delicacies and handicrafts in a demonstration of JD’s growing role as a cultural bridge between Chinese consumers and international markets. Running through May 15, the five-day symposium features over 1,000 domestic and international rose varieties. The event aligns with JD Flowers’ mission to blend technological innovation with cultural exchange. By optimizing cross-border floral logistics and curating premium global experiences, JD.com strengthens its position as the gateway for international brands entering China – and a trailblazer in building sustainable, high-efficiency supply chains. ( [email protected] )
- May 14, 2025Business
Indorama Ventures posts 1Q25 result, with mixed performances across its diversified business amid a prolonged downturn in global chemical markets
Indorama Ventures Public Company Limited (IVL) , a global sustainable chemical producer, posted a softer performance in the first quarter as persistent economic headwinds continue to weigh on commodities markets, while scheduled maintenance and adverse weather impacted production at U.S olefin sites in our key CPET segment. Indovinya, Fibers and Indovida (newly formed Packaging business), being niche and specialities oriented, performed to satisfaction. Indorama Ventures reported Adjusted EBITDA1 of $276 million in 1Q25, a 23% decline quarter-on-quarter (QoQ) and 30% year-on-year (YoY). This is adjusted for a $12 million impact of a winter freeze in the U.S. The result was heavily affected by planned turnarounds in Olefins at the Lake Charles and Clear Lake plants in the U.S, leading to a 5% QoQ and 6% YoY reduction in production volume. Broader macroeconomic themes such as higher interest rates, elevated energy costs, and geopolitical conflicts continue to weigh on the industry, while substantially lower ocean freight rates during the quarter reduced import parity pricing, a bedrock of our local-for-local business model. Consequently, the Combined PET (CPET) segment posted a 43% QoQ and 50% YoY drop in Adjusted EBITDA to $126 million. The overall Group result was supported by resilient performances from the company’s Indovinya and Fibers businesses. Indovinya segment delivered $89 million in Adjusted EBITDA, a 10% gain QoQ and 18% YoY, supported by fixed-cost savings. Fibers segment saw robust growth, with Adjusted EBITDA climbing 43% QoQ and 22% YoY to $47 million, supported by higher volumes and margins and ongoing management actions to reduce costs and reshape the business. Indovida, now carved out from CPET as an independent packaging segment, reported stable Adjusted EBITDA of $21 million. Even as the chemical industry continues to be beset by one of the worst downturns in recent history, Indorama Ventures is benefiting from the strident ‘self-help’ actions under the company’s transformational IVL 2.0 program to optimize its business and leverage its scale and leadership to take advantage of the fundamental long-term changes in the industry. These helped reduce fixed costs by $6 million QoQ and $28 million YoY, mostly from asset optimizations and other management initiatives. Operating cash flow surged to $416 million, allowing the company to reduce net debt by $100 million from December 2024 as it reinforces balance sheet discipline. Indorama Ventures’ digitalization program continues apace, with some 95% of data now unified across platforms and regions, supporting new AI and digital tools that promote smarter decision-making in supply chain, procurement, and working capital management. As outlined at its annual Capital Markets Day in March, Indorama Ventures is optimizing its business to shape a renewed long-term growth path in a fundamentally altered industry landscape. The strategy includes building strategic partnerships that leverage mutual leadership positions to consolidate mature markets or build new capacity in attractive growth markets in Africa and India, while maintaining financial discipline through deleveraging and focused capital allocation. The company expects to complete a 24.9% equity stake in EPL in 2Q25. Indorama Ventures’ agility as a local manufacturer in key markets, including the U.S, limits its cross-border exposure and helps provide a buffer against new tariffs. “We continue to focus on self-help actions that are building resilience and optimizing our industry-leading footprint in all our markets,” said Mr. Aloke Lohia, Group CEO of Indorama Ventures. “I am optimistic that these decisive measures are not only helping us to navigate through the current downcycle but are also positioning us to seize the long-term growth opportunities that change always brings.” 1Adjusted financials are before inventory gain/(loss) and extraordinary items. Starting from 1Q25, we have normalized weather-related disruptions into our adjusted financials. Details are given in the Management Discussion and Analysis (MD&A). Gallery
- May 13, 2025Business
FTREIT reports all-time highest occupancy in 1HFY25, delivering over THB 2,000 million in revenue
Frasers Property Industrial REIT Management (Thailand) Company Limited (FIRM), the REIT manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT), announced its 1HFY2025 (October 2024 - March 2025) performance. FTREIT delivered total revenue of THB 2,091 million, an increase of 5.9% or THB 116 million year-on-year (Y-o-Y), while its net profit on investment increased by 8.8% or THB 113 million Y-o-Y to THB 1,388 million. In 2QFY2025 (January - March 2025), FTREIT achieved quarterly revenue of THB 1,057 million, an increase of 7.4% or THB 73 million Y-o-Y, with net profit on investment at THB 702 million, an increase of 9.9% or THB 63 million. Mr. Bhumpharn Arunthammakul, Managing Director of FIRM, said, “The market outlook for 2QFY2025, FTREIT has benefited from sustained demand for factory and warehouse rental space from electronics and other industrial sectors. This increased demand was from foreign investors entering Thailand and expanding their production capacity, consequently driving a continuous growth in the average occupancy rate. Our occupancy rate has increased from the previous quarter's new high to reach an all-time high of 90%. The distribution payment from operations in the second quarter, amounting to THB 0.188 per unit, will be paid on 6 June 2025. The accumulated distribution of FTREIT for the first half of fiscal year 2025 is THB 0.376 per unit. The March 2025 earthquake originating in Myanmar was felt as far as Thailand . FIRM and the Property Manager have completed the inspection of the properties under management. Some properties require repairs that are underway, but there is no impact on our tenants' business operations. FTREIT is covered by Industrial All-Risk Insurance, covering property damage caused by the earthquake. On the economic outlook, FTREIT is monitoring current developments in trade policies and expects volatility from changes in tariff rates. FTREIT's operation and rental income collection are relatively stable, and are continuing to close deals and sign new lease agreements for factories and warehouses. To maintain stability and growth for FTREIT under more challenging situations, FIRM will manage the portfolio flexibly, focused on sustaining value by operating through a flexible leasing strategy. This includes offering a diverse range of leasing packages and services, encompassing both short-term and long-term agreements. Moreover, industrial buildings’ usage can be adapted to serve as both warehouses and factories to meet market demands. For added customer centricity, FIRM is stepping up its delivery of comprehensive lifecycle services that meet tenants’ different property needs, from consultation to after-sales support. Simultaneously, FIRM is working closely with Frasers Property Thailand Group, the property manager, to identify and create opportunities for sustainable growth by developing and upgrading buildings to be more efficient under green building standards. It will also unlock new value by leveraging innovation, technology, and new solutions to enhance operational capabilities, improve service efficiency, and generate added value for FTREIT in the future.
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