TOKYO, Dec. 13, 2023 /PRNewswire/ — In preparation for the core academic event of the 95th Anniversary of China Academy of Art, Inter(World)View2023: Mutual Learning of Civilizations, 12 teams from CAA traveled around the world in search of the history of civilization and anthropological meaning behind art at 12 core sites, including Amazon Jungle, Silicon Valley in San Francisco, Icelandic Caldera, Leonardo da Vinci’s residence in Milan, Workers’ Club in Moscow, Petroglyphs of Dalmatian, etc.

Led by Wang Xin, associate professor of the School of Architecture of CAA, a team visited Japan, including Kamakura, Tokyo, Kobe, etc, and began the seeking of Senrikyu ——the pioneer of "Oriental modernism". The team takes time as the core and takes Senrikyu as the tangent plane to distinguish the differences between the construction of Chinese and Japanese gardens, and opens the mutual learning between Chinese and Japanese gardens.

The team arrived at 36 sites and interviewed 11 experts and scholars, including Rem Koolhaas, chief designer at OMA, architectural theorist, urbanist and professor in Practice of Architecture and Urban Design at Harvard University, and Kobayashi Katsuhiro, Honorary Professor at Tokyo Metropolitan University. The garden is the window of dialogue between ancient and modern, and is a concentrated representation of the thinking of the world. From the historical perspective and contemporary needs, the team strives to establish a continuous communication, and build a "community of gardens" between China and Japan.

After exploring the civilization, the team with other 11 teams regrouped in Liangzhu, Hangzhou in east China’s Zhejiang Province, launching the film actions via "Reports from the World" forum and the "Starplex" exhibition, sharing and exchanging what they have asked and thought around the world.

Inter(World)View (IWV) is a long-term project of CAA, through which the Academy tried to decode the history of civilization through art, understand art from the vantage point of civilization history, transcend existing notions of art history and professional perspectives, reopen the vistas of art and the concerns of the Academy.

Source : Inter(World)View: Mutual Learning of Civilizations – Seeking Senrikyu

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XIAMEN, China, Dec. 13, 2023 /PRNewswire/ — Milesight unveiled its smart green building recently for enhanced energy efficiency and cost savings. Milesight Smart Building Solution is a successful collection of IoT products that involves innovative technologies and the cutting-edge systems. By integrating various sensors and communication technologies such as LoRaWAN®, 5G, and AIoT, this green building is well-designed to optimize its auto-task of operations, enhance occupant comfort and safety, reduce energy consumption, and improve overall efficiency from all perspectives.

Milesight Smart Green Building

Green building is not just about erecting structures; it’s about reimagining the way we build and inhabit our spaces. It integrates cutting-edge technologies and eco-friendly practices to create buildings that are energy-efficient, environmentally responsible, and, above all, people-centric. Exploring more about Milesight Green Building with the following video.

https://www.youtube.com/watch?v=LS829RsJMnM&t=1s

Besides, it aligns with the core values of ESG – Environmental, Social, and Governance. It’s about creating spaces that not only reduce our carbon footprint but also contribute to a broader commitment to ethical, socially responsible, and well-governed practices.

The Foundations of Green Building

Green building is not just a trend; it’s a paradigm shift. Architects and builders are embracing eco-friendly practices that encompass energy efficiency, waste reduction, and resource conservation. The benefits are far-reaching, from lower operating costs to improved occupant well-being.

IoT in Sustainable Architecture

Enter the Internet of Things, a network of interconnected devices that communicate and share data. In construction, IoT is a game-changer, offering real-time insights and control over various aspects of a building’s performance.

Aerial View of a Cityscape with Numerous Green Buildings

As we explore the intersection of green building and ESG, we discover a roadmap towards a more sustainable and responsible future. Join us on this journey, where buildings aren’t just structures but ambassadors of a world where environmental stewardship, social well-being, and sound governance converge.

Key IoT Devices for Green Building

These smart sensor devices play a pivotal role in monitoring environmental conditions. From detecting occupancy to optimizing lighting based on natural sunlight, smart sensors enhance efficiency while minimizing energy consumption.

Imagine a building that adapts to its surroundings, adjusting temperature, lighting, and ventilation as needed. Milesight smart green building solutions achieve this by centralizing control, resulting in significant energy savings. Thanks to IoT, renewable energy sources like solar panels and wind turbines can be seamlessly integrated and optimized for maximum output.

Transforming a legacy building and exploring how an old structure was retrofitted with IoT devices, transforming it into an energy-efficient and sustainable space. The Milesight green building solution not only reduced carbon emissions but also demonstrated the economic viability of green retrofitting. As IoT devices collect vast amounts of data, addressing security and privacy concerns becomes paramount. Robust encryption and data anonymization are essential safeguards. Retrofitting existing buildings with IoT devices may pose challenges. However, forward-thinking architects and Milesight engineers are finding innovative solutions to seamlessly incorporate smart technologies.

Unveiling the Synergy of LoRaWAN®, 5G, and AI Technologies | Milesight Smart Green Building Philosophy A Positive Impact on both Society and Environment | Milesight Smart Green Building An In-Depth Exploration of Product Focus and Innovation | Milesight Smart Green Building

As technology advances, so does the potential for greener, smarter buildings. Emerging technologies like blockchain for transparent energy transactions and AI-driven predictive maintenance are on the horizon. Industry experts predict a future where sustainability and technology go hand in hand.

In the marriage of green building and the Internet of Things, we find a promising alliance that holds the key to a sustainable future. As the construction industry continues to innovate, the integration of IoT devices will play an increasingly pivotal role in creating buildings that not only stand the test of time but also contribute to a healthier planet. 

Featured Products:

VS121 AI Workplace Occupancy Sensor
WS523 Smart Portable Socket
WS51x Smart Wall Socket 
WS558 Smart Light Controller
WT201 Smart Thermostat Sensor 
AM300 Series and AM100 Series IAQ sensors
EM300-MLD Membrane Leak Detection Sensor 
WS202 PIR & Light Sensor
WS203 Motion and TH Sensor
UG65 Indoor LoRaWAN® Gateway
Milesight IoT Cloud

Contact: [email protected] 

Source : Milesight Green Building Innovations Pave the Way for a Greener Future

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NANNING, China, Dec. 13, 2023 /PRNewswire/ — This is a report from the Guangxi Branch of China News Agency: In recent years, in the face of the complex and severe international environment and the arduous and heavy tasks of reform, development and stability, Guangxi has solidified its foundation to promote the industrial upgrading and transformation. In addition, upholding the strategy of sea-oriented economy, Guangxi has accelerated the common progress with ASEAN and the integration with Guangdong-Hong Kong-Macao Greater Bay Area to play a "Progress Song" of high-quality economic development with great fanfare.

New energy logistics vehicles of Guangxi Auto to be exported. Photo by Lin Xin.

Innovation and transformation of traditional industries to speed up the building of the "Belt and Road"

In recent years, as the largest industrial City in Guangxi, Liuzhou has accelerated the upgrading and transformation of "time-honored" traditional industries. Liugong Group is transforming from "manufacturing" to "intelligent manufacturing" and is speeding up the export of heavy machinery.

A bustling automated container terminal in Qinzhou, Guangxi. Photo by Zhai Liqiang

"We should make technological innovation the core driving force for increasing market share." As pointed as by Zeng Guang’an, chairman of Liugong Group, facing the new normal of the market, Liugong is striving to make new ideas for engineering machinery products and is upgrading products in a targeted manner by focusing on intelligence, innovation and environmental protection.

SGMW is the first car company in China with a cumulative production and sales volume higher than 25 million vehicles. Non-road new energy vehicles produced by Guangxi Auto are exported to Vietnam, Thailand, Australia, Canada, the United States, and other places.

In recent years, Guangxi has developed the "secondary entrepreneurship" in traditional advantageous industries such as sugar, aluminum, machinery and metallurgy to speed up the upgrading and transformation.

Baise City is vigorously developing wind and PV power generation, promoting "wind-PV-hydropower-storage integration" and "wind-PV-thermal power-storage integration" projects, building a new power system with significantly increased proportion of new energy sources and accelerating the green development of aluminum industry.

As the largest internal combustion engine production base in China, Guangxi Yuchai develops many national and global first power products by upgrading its technologies and products, driving the entire industry chain to move towards high-end, intelligence and green development.

In the first three quarters this year, Guangxi saw a year-on-year growth rate of 6% in the added value of industries above designated size and 9.2% in the added value of high-tech manufacturing industry and kept improved supporting indicators.

Development of "sea-oriented economy" to create an ASEAN industrial cooperation zone

In recent years, due to its location advantage, Guangxi has participated in joint construction of the new western land-sea corridor at high level to create a convenient operating zone for domestic and international dual-circulation markets. In addition, Guangxi has actively served the joint building of the "belt and road" with high quality and of a closer China-ASEAN community with a shared future. It has obtained new breakthroughs in opening at high level.

Nanning City has vigorously developed the sea-oriented economy in this major historical opportunity that Pinglu Canal "brings a sea to Nanning". From January to September, Nanning contracted 93 projects above RMB 50 million in sea-oriented economy industry with the total investment approximately RMB 61.536 billion.

In Tieshan’gang District in Beihai City, 4# and 5# berths in the south of Beimu operation area with the design passing capability of 6 million tons were comprehensively commenced. With the advantages of sea wind power resources, Beihai City attracted many leading enterprises in wind power equipment manufacturing, such as GOLDWIND and CRRC, and integrated these enterprises into a wind power industry cluster.

With the accelerated construction of the new western land-sea corridor, Qinzhougang Area of China (Guangxi) Pilot Free Trade Zone shows its economic vitality. Many liquid chemical and bulk cargo terminals with a capacity of 50,000 tons to 100,000 tons are constructed along the sea.

The year 2023 is both the 10th anniversary of the initiatives of jointly building a closer China-ASEAN community with a shared future and the "Belt and Road" and the 20th anniversary of China-ASEAN Expo and China-ASEAN Business and Investment Summit.

Based on the construction of China-ASEAN Industrial Cooperation Zone, Guangxi promotes the establishment of connection mechanisms with key provinces and cities to jointly construct cross-regional and cross-border industrial chains and supply chains and makes efforts to build an important carrier and platform for China-ASEAN capacity and investment cooperation. This cooperation zone is along the coast, the border and the river and can achieve seamless transportation with ASEAN countries.

In this year, Guangxi government organized delegations to visit many countries such as Vietnam, Singapore and Malaysia, to reach the cooperation consensus with relevant parties on cooperation by the new international land-sea trade corridor. Nanning Customs statistics reveals that from January to October, import and export trade between Guangxi and other RCEP members increased by 30%, among which import and export trade with ASEAN was RMB 272.69 billion, with a year-on-year growth rate of 32.4%.

Source : Solidifying the Foundation for Sea-oriented Development, Playing a "Progress Song" of High-quality Development in Guangxi

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Sustainable Markets Initiative’s Founder, His Majesty King Charles III, opened the COP28 Business and Philanthropy Climate Forum at reception in Dubai

More than 1,000 private sector CEOs, Heads of State and Philanthropic leaders came together at first-ever Business and Philanthropy Climate Forum, for which the Sustainable Markets Initiative was the Strategic Partner

Industry Transition Initiatives across its Task Forces and Country Engagement 

DUBAI, UAE, Dec. 13, 2023 /PRNewswire/ — The Sustainable Markets Initiative, the Strategic Partner to the COP28 Business and Philanthropy Climate Forum (BPCF) helped convene more than a 1,000 CEOs, global leaders, and philanthropists from over 80 countries. The Forum was led by the COP28 Presidency of the United Arab Emirates and held alongside the World Climate Action Summit.

Photo credit: COP28 Business and Philanthropy Climate Forum and the Sustainable Markets Initiative

The Forum launched on November 30 with a high-level reception, which was hosted by the COP28 Presidency and the Sustainable Markets Initiative, in the presence of His Majesty King Charles III, the Founder of the Sustainable Markets Initiative. The event highlighted the mission of the Sustainable Markets Initiative, and echoed The King’s vision for Nature, People and Planet on a global stage. The reception also highlighted opening remarks from Brian Moynihan, Chair and CEO of Bank of America, and Chair of the Sustainable Markets Initiative.

The COP28 Business and Philanthropy Climate Forum shared the private sector’s progress and released its Purpose Statement and aims for COP29. Read Purpose Statement.

"The Sustainable Markets Initiative, as a private sector led organisation, has transformed how the global business community convenes at world events like COP28. Our members, as global CEOs from a wide range of industries, and finance, are scaling the sustainable transition and are demonstrating action across their value and supply chains," said Jennifer Jordan-Saifi, CEO of the Sustainable Markets Initiative. "As the ‘go-to’ private sector organisation on transition, we know it is a business imperative and we must address climate change now, with speed and results. Our member companies, with their global reach, ingenuity, and resources, are helping to bring real world demonstrations of a sustainable transition forward at scale, supporting a path to a more sustainable future."

Pre-COP28 and COP28 Highlights:

Terra Carta Seal: 2023 Terra Carta Seal winners were announced November 28. The Seal recognises global companies that are actively leading the charge to create a climate and Nature-positive future. It is awarded to companies which have demonstrated the success of a high-impact, large scale company-wide project, initiative or strategy which aligns with one or more of the Sustainable Markets Initiative’s ten Terra Carta Articles. The 2023 Terra Carta Seal had 17 winners, which span multiple geographies and industries. Press release. Terra Carta Design Lab: At the COP28 BPCF, one of the event sessions focused on supporting sustainable innovation. The Sustainable Markets Initiative’s Terra Carta Design Lab was highlighted. This global competition, inspired by its guiding mandate the Terra Carta, invites students to design high-impact solutions to address climate change. Four design schools participating in the program include the Dubai Institute of Design and Innovation, National Institute of Design Ahmedabad, Rhode Island School of Design, and the Royal College of Art. Press release. Task Forces: Launched three new Task Forces, Circularity, Fusion, and Technology, Media, and Telecommunications. The Task Forces’ help to build foundational and transformative activities to accelerate the transition. Agribusiness Task Force: Launches first-of-its-kind Blended Finance framework to make regenerative farming financially viable for farmers; projects in India, the US and the UK explored to prove concept. Companies call for 10 policy changes which could help to unlock a projected $1.2 trillion that regenerative agriculture can add to the worldwide economy. Asset Manager and Asset Owner Task Force: As part of a wider collaboration with the Sustainable Markets Initiative’s Asset Manager and Asset Owner Task Force, the Climate Bonds Initiative mapped the degree of alignment of 13 corporate transition frameworks and highlighted areas where further work and alignment is needed. The project addresses the pressing challenge of navigating through various corporate transition frameworks. The goal is to create a navigator tool that enables financial institutions to orientate their corporate portfolios in a way that is consistent with those frameworks. Read more at the Climate Bonds Initiative webpage. Blended Finance Task Force: Along with nine other leading organisations, the Task Force came together to advocate for scaling private capital mobilisation with a Call to Action that launched at COP28. Read more on the UN Environment Programme Finance Initiative website. Energy Transition Task Force: Launched Decarbonising Industry How-to Guide, which outlines a roadmap to decarbonising three of the hardest-to-abate industries – steel, aluminium, and mining. The guide and the decarbonisation initiatives that it recommends exemplify how cross-industry cooperation can result in strong positive impact and accelerated results. Launched Global Grids, Money & Models: Unblocking Investment and Unlocking Africa’s Renewable Energy Future report, which highlights the profound potential that investments in electricity grid networks hold for sub-Saharan Africa. The report provides a strategic blueprint for government and private sector engagement in electric grid development, particularly as transmission projects grow more attractive for investment. Health Systems Task Force: Health Working Group: In early November launched a Health Working Group in China with the Sustainable Markets Initiative’s China Council. Read the Health Systems Task Force November 29 Press Release:  Members of the Task Force are in advanced discussions with energy providers in China and India to scale renewable power across their supply chains. This is the first time that companies from across the global healthcare sector have come together to pioneer such initiatives in these countries. Recognising the importance of a harmonised method to measure and report the environmental impact of medicines and healthcare products, the Task Force worked with the Pharmaceutical Environment Group (PEG) through a newly created consortium and NHS England to support the development of a sector-wide standard for medicines Life Cycle Assessment (LCA). The consortium and NHS England intend to work with the British Standards Institution (BSI) to reach consensus among the sector’s stakeholder groups including healthcare systems, providers and professionals, representative bodies, academics, and patients to establish the standard. An international measurement framework is also being developed to calculate the carbon emissions from different patient care pathways. Three new members joined the Health Systems Task Force to contribute broader sectoral expertise. Insurance Task Force: Global Risk and Resilience Fellowship Program report highlights the inaugural year of the Fellowship, which paired city leaders with a deep understanding of urban resilience challenges, and insurance experts to collaboratively develop solutions that empower cities to build a safe, equitable, and sustainable future. Read more about the initiative. Published a report, Insuring a Sustainable Future, which explores the critical role the insurance industry is playing in the growth of clean and emerging technologies, de-risking investment and enabling recovery post climate-related disasters.    Private Equity Task Force: Launched a Private Markets Decarbonisation Roadmap (PMDR) in collaboration with the Initiative Climat International and Bain & Company. The PMDR helps to support global private markets firms (General Partners or ‘GPs’) with a common language and approach to speak about decarbonisation and drive meaningful progress by disclosing their portfolio’s decarbonisation evolution. To access the PMDR, visit the Bain & Co. webpage. To read the press statement, please visit the Principles for Responsible Investment webpage. Sustainable Building Task Force: Launched a paper on Decarbonization in the Built Environment: Addressing Embodied Carbon in mechanical, electrical and plumbing (MEP) systems. The report outlines solutions, challenges, and best practices for reducing embodied carbon in a building’s MEP system – a significant, but often not highlighted, component of a building’s overall emissions. Country Engagement: The Sustainable Markets Initiative established a new regional council in Africa, and its China Council launched a Health Working Group. The Sustainable Markets Initiative’s Country Engagement team supports three Country Councils, which focus on supporting private and public sector engagement and collaboration to build momentum for more sustainable actions and accelerate the transition in country.

Notes to editors:

Additional COP28 activities:

RE:TV, a partner to the Sustainable Markets Initiative, had a significant role at the BPCF as it captured leading stories across its member platform and demonstrations of how companies are accelerating the path to low-carbon and net zero solutions. 

Sustainable Markets Initiative Showcase: At COP28, the Sustainable Markets Initiative member companies and partners showcased recent demonstrations of progress through a digital storytelling series that highlighted sustainable transition projects, investment, and business activities across the globe. This showcase was highlighted as a successful articulation of real action in motion across the globe at COP28 amongst attendees.

About the Sustainable Markets Initiative

Founded by His Majesty King Charles III in 2020, as Prince of Wales, the Sustainable Markets Initiative has become the world’s ‘go-to’ private sector organisation on transition.  Launched in 2021, the Terra Carta serves as the Sustainable Markets Initiative’s mandate with a focus on accelerating positive results for Nature, People and Planet through real economy action.  Read more: www.sustainable-markets.org  

Sustainable Markets Initiative’s Terra Carta  

His Majesty King Charles III, as Prince of Wales, launched the Terra Carta at the One Planet Summit in January 2021. The Terra Carta serves as the mandate for the Sustainable Markets Initiative and provides a practical roadmap for acceleration towards an ambitious and sustainable future; one that will harness the power of Nature combined with the transformative power, innovation, and resources of the private sector. The Terra Carta is supported by the 56 members of the Commonwealth, C40 Cities and the United Kingdom’s 13 Core Cities. 

Photo credit: COP28 Business and Philanthropy Climate Forum

Source : AS STRATEGIC PARTNER FOR COP28 BUSINESS AND PHILANTHROPY CLIMATE FORUM, SUSTAINABLE MARKETS INITIATIVE EXPANDS FOCUS ON INDUSTRY TRANSITION WITH GLOBAL LEADERS TO ALIGN INDUSTRY, FINANCE, AND COUNTRY ROADMAPS

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The investment will accelerate the expansion of the e-commerce service provider in Southeast Asia

TAIPEI, Dec. 13, 2023 /PRNewswire/ — Leading venture capital and private equity firm, SKS Capital, is announcing its strategic investment in etaily, the Philippines’ leading end-to-end omni-channel e-commerce services provider. The funding round was led by SKS Capital and co-led by Singapore’s Pavilion Capital. A total of USD 17.8 million was raised in this series A.

etaily will use the capital to expand in Southeast Asia, especially in Malaysia, Indonesia, Singapore and the Philippines, and develop its own in-house brands. It will also invest in proprietary technology and solutions, and expand its current team.

On top of the capital investment, SKS Capital, through its rich portfolio, is bringing retail groups and new brands from Korea, Japan, Mainland China and Taiwan, helping expand etaily’s product categories in apparel, FMCG and beauty.

SKS Capital founder Jack Chen said: "etaily serves as a pivotal e-commerce platform that allows SKS investment from Korea, Taiwan, Mainland China and Japan to enter the Philippine market. It will play a crucial part in product registration, logistics, online sales, digital marketing and offline integration."

Discussions are already underway between etaily and one of the largest Korean beauty and health distributor, a recent addition to the SKS portfolio.

This deal is part of SKS Capital’s continuous strategic investment in the FMCG/beauty value chain, which includes consumer brands, supply chain, manufacturing, and retail channels. "Our main focus is to source potential investments in the APAC region, and to introduce the company to new markets to drive business advancement," added Chen. 

etaily is supported by local retail giants in the Philippines, such as Abenson, JGDEV, Landmark, and Ayala, helping them expand their online presence. In addition to digital platforms, etaily is one of a few e-commerce enablers in the Philippines that have offline distribution channels, allowing global consumer brands entering the Philippines to have one partner for both, online and offline.

etaily founder Alexander Friedhoff said: "Our unique digital approach sets us apart, making etaily the architect of digital brands and retail. Today, people in the region buying something online from the leading retail and digital brands such as Crocs, Levi’s, Skechers, Fila and many others – all of it is being powered by etaily’s infrastructure."

According to Index-Asia, the Philippines is considered one of the fastest-growing e-commerce markets globally, with a CAGR of 19% from 2017 to 2025E.

About SKS Capital

SKS Capital, founded in 2017, is one of the first modern venture capital and private equity firms in Asia specializing in the consumer, covering: beauty & health D2C brands, F&B, distribution channels, e-commerce, beauty supply chain, and consumer enabling technologies. Learn more at https://skscapital.co/

Media contact:

Yiyou Lin

[email protected]

Source : Leading private equity firm SKS Capital invests in etaily in the Philippines

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SINGAPORE, Dec. 13, 2023 /PRNewswire/ — Grasshopper Asset Management, a MAS-regulated fund management firm and the asset management arm of Grasshopper Asia, a leading Asian market-maker and liquidity provider headquartered in Singapore, today announced the launch of its first fund, the Grasshopper Global Multi-Asset Income Plus Growth Fund.

The Grasshopper Global Multi-Asset Income Plus Growth Fund is a Singapore-VCC registered structure, which aims to serve high-net-worth individuals (HNWI), ultra-high-net-worth individuals (UHNWI), family offices and institutional investors. The Fund blends a traditional multi-asset strategy with up to 30% allocation to Grasshopper’s low-latency, proprietary trading strategies. It aims to deliver low to mid-double-digit returns and low correlation to the general market, with a Sharpe ratio of around 3.

The Fund will be managed by Daniel Tan, Director, Portfolio Manager at Grasshopper Asset Management, who joined the firm in January 2023. Prior to joining Grasshopper Asset Management, Daniel was Chief Investment Officer of JMC Capital Asset Management’s Singapore office, where he managed multi-asset and fixed-income long-short strategies with currency overlay.

"Over the last 17 years we have invested in the best trading talent and technology to build Grasshopper into an Asian trading powerhouse in global markets," said James Leong, Chief Executive Officer, Grasshopper Asia. "The Grasshopper Global Multi-Asset Income Plus Growth Fund enables us to open our strategies to investors in a way that blends the benefits of a traditional multi-asset fund with outstanding trading performance."

"Grasshopper Asset Management is bringing a differentiated investment strategy to the market, which we believe will appeal to our target clientele of HNWI, UHNWI, family offices and institutional investors," said Raino Saari, Executive Director, Grasshopper Asset Management.

Grasshopper Asia’s low-latency, proprietary trading strategies have delivered over 200 consecutive months of profitable trading and have typically performed well during periods of market volatility. The firm now trades in 7 markets across 5 countries in futures and equities and is a designated market-maker on SGX.

About Grasshopper Asia

Grasshopper Asia is a leading Singaporean proprietary trading firm and market maker, providing liquidity in global markets. With nearly two decades of consistency and profitability Grasshopper Asia’s cutting-edge in-house technology puts it at the forefront of developments in electronic trading. Headquartered in Singapore, Grasshopper Asia has more than 70 employees spanning trading, asset management and technology.

About Grasshopper Asset Management

Grasshopper Asset Management is a fund-management firm regulated by MAS, offering Grasshopper Asia Pte Ltd’s diversified algorithmic trading strategies alongside portfolio managers with proven ability to extract alpha from the markets. Grasshopper Asset Management uses quantitative methods and low-latency execution to trade profitably across multiple asset classes while optimising exposure to market risk.

Source : Grasshopper Asset Management launches first fund, the Grasshopper Global Multi-Asset Income Plus Growth Fund

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New intra-Asia flight route reduces transit times from Singapore and Indonesia to the United States by one business day Additional network enhancements benefit businesses shipping dangerous goods to and from Singapore, Vietnam and Hong Kong

SINGAPORE, Dec. 13, 2023 /PRNewswire/ — UPS (NYSE: UPS) customers in Singapore and Indonesia can now have deliveries to the United States completed in as little as two business days after the company introduced a number of enhancements to its Asia Pacific network including a new intra-Asia flight route.

A UPS Boeing 767

The move adds yet more capacity and connectivity between Southeast Asia and UPS’s industry-leading intercontinental network and reduces some delivery times from Singapore and Indonesia to the U.S. by one business day.

Additional upgrades to the company’s regional network also mean businesses sending and receiving certain dangerous goods – including lithium batteries and dry ice – between Hong Kong and Singapore can now have these completed one day faster. Meanwhile UPS is cutting delivery times on lithium battery shipments from Ho Chi Minh City to the United States and Europe by as much as two business days.

"This is such an exciting announcement as it significantly benefits a really wide range of businesses located across the region and in a number of high growth sectors such as high tech and healthcare," said UPS Asia Pacific President Wilfredo Ramos.

"And it comes at a time of real opportunity, particularly for small businesses. In a post pandemic world, we see that supply chains are shifting and becoming more resilient. Companies around the globe require faster delivery times and seamless connectivity to gain competitiveness and capture even more opportunities as they look to build strong and reliable customer bases in markets with huge growth potential."

This is the latest in a series of investments by UPS in its Asia Pacific network as the company continues its commitment to providing better express delivery experiences for customers across the region.

It follows the recent expansion of its Changi Airport hub in Singapore to almost double the amount of packages the facility can process each day as well as numerous other regional network and facility enhancements including in Japan, China, Vietnam, South Korea and Hong Kong.

For more information on delivery times within UPS’s global network, refer to the UPS time and cost calculator. 

About UPS

UPS (NYSE: UPS) is one of the world’s largest companies, with a 2022 revenue of $100.3 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, "Moving our world forward by delivering what matters," the company’s more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion. More information can be found at www.ups.com, www.about.ups.com and www.investors.ups.com.

Source : UPS FLEXES ASIA PACIFIC NETWORK TO BOOST GLOBAL DELIVERY TIMES FOR REGION'S BUSINESSES

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network