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Kunji Finance Unveils New Strategic Collaboration with AsiaTokenFund Group

Kunji Finance Unveils New Strategic Collaboration with AsiaTokenFund Group

HONG KONG SAR – Media OutReach – 29 August 2023 – Kunji Finance, the decentralized active portfolio management platform, is pleased to announce a strategic alliance with AsiaTokenFund Group. This collaboration has been established with the overarching objective of promoting the expansion of the emerging Kunji Finance platform across the Asian and European landscape.

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Kunji Finance is a non-custodial and multi-strategy digital asset management platform that connects asset managers with liquidity providers, allowing them to leverage their skills with access to further capital while generating trading-based profit opportunities for capital providers.

The collaboration blends Kunji Finance’s groundbreaking decentralized asset management protocol with AsiaTokenFund’s financial and cryptocurrency expertise to herald a new era in efficiency for the adoption of technological solutions in Asian and EU markets.

Kunji Finance’s core mission is to connect expert asset managers with liquidity providers, allowing them to leverage their skills with access to further capital while generating trading-based profit opportunities for capital providers. The asset management services can be based on discretionary investment theses that run long and short strategies created by asset managers on the platform, enabling the creation of “hedge funds” for retail investors without any regulatory ambiguity. By utilizing the possibilities of Arbitrum blockchain technology and asset management principles, Kunji Finance has developed a platform for individuals to grow wealth.

AsiaTokenFund Group (ATF) is an influential Web3 conglomerate headquartered in Southeast Asia. ATF operates a range of entities encompassing Web3 Media, NFT Media, Venture Capital, Media Agency, Tech Solutions, Events, and Accelerator.

“AsiaTokenFund and Sky Wee have a very strong presence in the South East Asian Web3 communities and a history of partnering with successful products. We are proud to partner with them and look forward to benefiting from their network and presence”, said Anurag Dixit, founder and CEO of Kunji Finance.

“We are thrilled to announce our strategic partnership with Kunji Finance, a pioneering force in reshaping the landscape of digital asset management. At AsiaTokenFund Group, we have always aimed to provide innovative and transformative solutions to our partners, and collaborating with Kunji Finance aligns seamlessly with this commitment.” Said Ken Nizam, Co-Founder & CEO of AsiaTokenFund Group

“Kunji Finance’s visionary approach to connecting expert asset managers with liquidity providers not only enhances capital accessibility but also democratizes the realm of hedge funds for retail investors, all within the secure framework of Arbitrum blockchain technology. Together, we look forward to empowering individuals across Asia with the tools to navigate and thrive in the ever-evolving world of wealth growth.” Said Sky Wee, Co-Founder & Managing Partner of ATF Capital , a member of AsiaTokenFund Group.

Benefitting from its strategic presence in Asian nations such as Thailand, Vietnam, Philippines, and Indonesia, AsiaTokenFund Group holds a substantial value for Kunji Finance.

Hashtag: #AsiaTokenFund

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Riverina Water Boosts Customer Satisfaction with Infor-led Digital Transformation Program

Riverina Water Boosts Customer Satisfaction with Infor-led Digital Transformation Program

Infor cloud solution delivers efficiency and sustainability benefits weeks after go-live

SYDNEY, AUSTRALIA – Media OutReach – 29 August 2023 – Infor®, the industry cloud company, today announced that Riverina Water has deployed Infor CloudSuite Public Sector Customer and Billing modules as part of its ambitious digital transformation project, with early, positive signs for the organisation that will have a flow-on effect on customers set to reap the rewards of real-time transaction capabilities anywhere, anytime and on any device.

Andrew Crakanthorp, CEO at Riverina Water
Andrew Crakanthorp, CEO at Riverina Water

The strategic move to implement Infor’s cloud-based enterprise software platform is in line with Riverina Water’s unwavering pursuit of customer excellence. In a survey earlier this year across its supply area of Wagga Wagga City, Lockhart Shire and parts of Greater Hume and Federation council areas, overall satisfaction with customer service scored 4.69 out of 5. As a winner of the prestigious Sam Samra Award for Most Improved Local Water Utility in New South Wales (NSW), Infor will be instrumental in helping Riverina Water better manage costs, secure IT investments and improve service delivery to more than 77,000 customers by retiring legacy systems and moving to the cloud.

Learn more about Infor CloudSuite Public Sector and Infor Financials & Supply Management

Infor CloudSuite Public Sector, which includes Infor Financials & Supply Management, Infor CIS Billing and Infor Enterprise Performance Management (EPM) (for integrated planning, budgeting, forecasting and financial consolidation, business intelligence and analytics), was selected following a competitive tender process in a bid to ensure that Riverina Water is well-positioned to operate in an increasingly digital world, while supporting efficient work processes, procedures, and service delivery – both internally and externally.

“We’re pleased that Infor has been able to deliver on the first phase of our transformation program. The system has only been in production for two months and we’re already seeing tangible benefits with a number of manual processes now automated. I’m looking forward to seeing how it will further benefit our customers into the future,” said Andrew Crakanthorp, CEO at Riverina Water.

“Infor plays an important role as a trusted partner in our commitment to providing safe and reliable drinking water to an ever-growing community. Infor was selected for its deep water industry experience and a cloud offering that’s flexible, agile, secure and customisable – all ingredients of the right industry-specific solution for our needs as we look to strengthen service delivery and enhance our standing as a customer-centric organisation with best-in-class customer service,” Crakanthorp said. “Importantly, we see this as a long-term partnership that will help meet our strategic goals.”

Riverina Water is planning for future rollouts of Infor solutions, including asset management, financials, supply chain management and Infor’s managed service, CareFor.

Infor has a proven track record around the world as the cloud solutions provider of choice for utilities and government entities’ digital transformation programs. In New Zealand, Infor was recently named as the “systems of record” for its water reform program. The country’s largest water authority, Watercare, is a long-standing customer, so too Waikato Regional Council, alongside six of the 18 water corporations in Victoria, Australia. In the U.S., leading water authority Elsinore Valley Municipal Water District is also a customer.

“We are delighted with the success of Riverina Water’s digital transformation project thus far, particularly since the deployment started towards the end of the pandemic,” said Terry Smagh, senior vice president and general manager of Asia Pacific and Japan, Infor. “We’re proud to play our part in meeting Riverina Water’s strategic goals so they can succeed in a world where customers expect 24/7, always-on functionality with real-time capabilities. Both organisations are driven by a shared commitment to customer excellence, and Infor’s industry-specific, purpose-built CloudSuite solution will ensure enhanced service delivery and outcomes for Riverina Water’s end-customers, internal users and external stakeholders alike.”

Media Contact:
Phyllis Tan
Infor Asia Pacific
[email protected]
+65 9799 9133
Hashtag: #Infor

The issuer is solely responsible for the content of this announcement.

ABOUT INFOR

Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 67,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation. To learn more, please visit .

ABOUT RIVERINA WATER

Riverina Water County Council is a local government water utility based in Wagga Wagga, New South Wales, Australia. It provides the community of more than 77,000 people across 15,000 square kilometres with safe, reliable water at the lowest sustainable cost. To learn more, please visit .

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

FOMO Pay Bolsters Digital Asset Compliance through Strategic Partnership with Notabene

FOMO Pay Bolsters Digital Asset Compliance through Strategic Partnership with Notabene
SINGAPORE – Media OutReach – 29 August 2023 – FOMO Pay, a leading digital payment and digital banking solutions provider headquartered in Singapore, announces its strategic partnership with Notabene. The implementation of Notabene’s end-to-end solution for global Travel Rule compliance enables FOMO Pay to further enhance its know-your-transaction (KYT) capabilities and highlights FOMO Pay’s commitment to compliance and customer security. In addition, through comprehensive licensing and adherence to regulatory requirements, FOMO Pay has obtained “Super VASP” status in Notabene’s Virtual Asset Service Providers (VASP) network. This milestone empowers the public with streamlined access to accurate and verified business information, aligning with FOMO Pay’s consistent efforts to foster trust in the digital payment and digital asset fields.
In 2019, the Financial Action Task Force (FATF) released crucial recommendations aimed at combating money laundering, terrorist and proliferation financing. FATF requires countries to assess and mitigate risks associated with virtual asset financial activities and providers. As part of the requirements, the Travel Rule mandates all VASPs to screen, record and communicate the information of both the sender and recipient of a digital asset transaction. In 2023, the global regulatory landscape has evolved with stricter enforcement of the Travel Rule for digital asset transactions, as governments and financial institutions worldwide take significant steps to enhance transaction integrity and overall financial ecosystem security.
In order to maintain comprehensive digital asset compliance capabilities in the ever-evolving digital asset industry, FOMO Pay adopts a proactive approach in investing in leading compliance solutions to continue to ensure strict adherence to global regulations. Integration with Notabene equips FOMO Pay to automate Travel Rule compliance in line with global regulations, allowing secure and efficient digital asset transactions.
“We are pleased to partner with Notabene and integrate their Travel Rule solution. This collaboration represents FOMO Pay’s commitment to strengthening our compliance capabilities in alignment with global regulations, enabling informed decisions to enhance our AML capabilities,” said Wee Teck Lim, Head of Compliance at FOMO Pay. “We firmly believe that our collaboration with Notabene will further enhance our ability to provide secure and reliable digital payment and digital asset solutions to our valued clients and partners.”
“We are excited to be working with FOMO Pay to enrich their compliance capabilities and ensure safer digital asset transactions for their clients. FOMO Pay’s commitment to bridging the gap between fiat and digital assets for business use cases is very aligned with our mission at Notabene. This collaboration demonstrates the significant impact of Travel Rule implementation in facilitating secure and efficient digital asset transactions to build a safer and more accessible digital asset ecosystem.” – Pelle Braendgaard, CEO of Notabene.
With this partnership, FOMO Pay demonstrates its steadfast commitment to upholding industry standards in compliance by ensuring safer transactions involving digital assets for merchants, corporates and financial institutions. FOMO Pay’s proactive approach to regulatory compliance and strategic investments in robust solutions solidify its position as a leading digital payment solutions provider.

Hashtag: #SuperVASP #KYT #Compliance #Trust #TravelRule #DigitalAsset #DigitalPayment #DigitalBanking

The issuer is solely responsible for the content of this announcement.

About Notabene

Notabene developed the crypto industry’s only pre-transaction decision-making platform, enabling customers to identify and stop high-risk activity before it occurs. With a focus on security, privacy, and user experience, Notabene’s multi-source data and software enables real-time decision-making, counterparty sanctions screening, self-hosted wallet identification, and more.

SOC-2 security certified and trusted by over 100 companies, Notabene operates globally with headquarters in New York, and presence in Switzerland, Singapore, Germany, and the United Kingdom.

Companies like Copper, Luno, Crypto.com and Bitstamp leverage our SafeTransact platform for Travel Rule compliance, tailored to their needs and aligned with global and local regulations. Our platform builds trust in virtual asset transactions to foster financial growth with minimized risk.

Get started today; sign up for our free SafeTransact Rise to respond to regulated transactions for free using the world’s largest

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About FOMO Pay

Founded in 2015, FOMO Pay Pte Ltd is a major payment institution (License No. PS20200145) regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS) to conduct Cross-border Money Transfer Services, Domestic Money Transfer Services, Digital Payment Token Services and Merchant Acquisition Services. The firm has become a leading one-stop digital payment and digital banking solution provider, and is currently building Asia’s first licensed gateway helping institutions and businesses to connect between fiat and digital currency. The company offers its three flagship products:

  • FOMO Payment: a one-stop digital payment solution for merchants, corporates and financial institutions.
  • FOMO iBank: facilitates businesses’ every-day requirements for transactional banking needs.
  • FOMO Crypto: Asia’s first licensed gateway bridging fiat and digital currency.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

SSY announces 2023 interim results Net profit HK$639 million; Interim dividend HK$0.07/share Determined to seize opportunities; Maintain stable & healthy development

SSY announces 2023 interim results Net profit HK$639 million; Interim dividend HK$0.07/share Determined to seize opportunities; Maintain stable & healthy development

Result summary of first half of the year:

  • Revenue HK$3,333 million, representing a drop of 2.1% (in terms of RMB, growth of 4.7%);
  • Net profit HK$639 million, representing a growth of 12%;
  • The Board resolved to pay interim dividend of HK$0.07 /share

HONG KONG SAR – Media OutReach – 29 August 2023 – SSY Group Limited (“SSY” or the “Company”; Stock Code: 2005.HK) and its subsidiaries (together, the “Group”) presents the interim results of the Company for the six months ended 30 June 2023 (“first half of 2023” or “first half of the year”).

During the first half of 2023, the Group achieved a revenue of approximately Renminbi (“RMB”) 2,962 million, representing an increase of approximately 4.7% as compared to the corresponding period of last year. However, due to depreciation of Renminbi against Hong Kong dollars by approximately 6.5% as compared to the same period last year, in terms of Hong Kong dollars, the Group’s revenue was approximately HK$3,333 million in the first half of this year, representing a decrease of 2.1% as compared to corresponding period of last year. The Group achieved a net profit of approximately HK$639 million, representing an increase of approximately 12% as compared to the corresponding period of last year. Confronted with the tough challenges in the domestic and international pharmaceutical markets, the Group was determined to be ambitious, seize the opportunities and overcome the difficulties. Through a series of operational measures such as accelerating research and development and innovation, integrating market resources and actively exploring potentials, the Group continued to maintain a favourable trend of stable and healthy development.

The Board of directors resolved to pay an interim dividend of HK$0.07 per share for year 2023, which increased by 16.7% as compared to corresponding period of last year. The total amount to be paid is approximately HK$208 million.

During the first half of the year, the cumulative sales volume of intravenous infusion solutions reached approximately 936 million bottles (bags), with a revenue of HK$2,069 million, representing an increase of approximately 24.1% and 12.8% respectively as compared to corresponding period of last year. Among which, production and sales of therapeutic infusion solutions progressed steadily with revenue amounted to HK$566 million, representing an increase of 24.7% as compared to corresponding period of last year. Exports of preparations to foreign countries rose against the trend, infusion solutions export revenue amounted to approximately HK$80.08 million, representing a growth of approximately 25% as compared to corresponding period of last year. Ampoule products recorded continuous growth in sales volume. In the first half of the year, sales volume reached approximately 131 million, representing a growth of approximately 92% as compared to corresponding period of last year. Oral preparations business segment accelerated its expansion and development. In the first half of the year, revenue reaching HK$244 million, representing a growth of approximately 68% as compared to corresponding period of last year. Due to the impacts of softer market demands and dropping market prices of bulk pharmaceuticals in the first half of the year, revenue was approximately HK$454 million, representing a decrease of approximately 42% as compared to corresponding period last year. External sales of medical materials in terms of Hong Kong dollar roughly at same level as corresponding period of last year.

The Group has taken the innovation drive as the lead to integrate the Group’s own advantages, and coordinated the progress to push forward the research and development of featured generic drugs, bulk pharmaceuticals, innovative drugs, medical materials as well as product types under consistency evaluation, in an effort to establish a new course and a new advantage in the development of featured generic drugs and high-end complex preparation. In the first half of the year, the Group was at the forefront of all pharmaceutical enterprises in China in terms of the number of preparations being submitted for approvals and passed the consistency evaluations, and obtained a total of 34 production approvals for different types, including 8 for bulk pharmaceuticals and 26 for preparations. As of the first half of the year, the number of the Group’s products that have passed the consistency evaluation or been regarded as passing the consistency evaluation reached 51 product types with 67 specifications, which has seized opportunities for enhancing market competitiveness for the products. Positive progress has been made in the research of innovative drugs. Phase I clinical trial of type I chemical innovative anti-tumor drug NP-01 project had positive progress. Communication with CDE prior to application of the Phase I clinical trial regarding anti-liver fibrosis innovative drug ADN-9 has been established. Pre-clinical research of anti-pulmonary hypertension drug SYN-045 has been fully commenced.

The Group has accelerated the construction of infrastructure projects. The 3-in-1 plastic ampoule production lines project has been completed and is in the stage of pilot production and verification. Guangxiang Pharmaceutical’s featured bulk pharmaceuticals production lines project has been completed and entered the stage of equipment commissioning in the middle of July. The PP upright soft bag injections production lines project is expected to be completed and put into pilot production at the end of September.

Looking ahead to the second half of 2023, facing new trends and environment of the pharmaceutical industry, the Group will continue to promote in-depth integration of innovative chain, industrial chain and value chain, maintain a relatively robust and fast development momentum, and strive for better and more solid business results. In the second half of the year, the Group will conduct in-depth and systematic research and analysis of the national and local procurement policies to ensure precise market access, and will capitalize on the influence and driving effects of the Group Purchasing Organisation Programme. The Group will focus on increasing sales volume of major types of therapeutic infusion products to ensure the sustainable growth in production and sales of infusion products. The Group will step up effort to increase sales of new ampoule products, explore the market potential of dominant products and develop types that may have revenue of RMB100 million. On the bulk pharmaceuticals business, while stabilising its overseas customer base, the Group will accelerate domestic sales of products with distinctive strengths. Meanwhile, the Group will continue to improve the product mix. In terms of development of specialised generic drug, high-end complex preparations and innovative drugs, the Group will leverage on the cooperation mechanism and talent recruitment mechanism with universities and scientific research institutes to organise the product types in its pipeline and plan, and will explore more high-quality research projects. In the second half of the year, the Group will coordinate to push forward projects with new construction and construction-in-progress, and accelerate advancement of Jiangsu Best New Medical Material to the A-share market of the Beijing Stock Exchange. On the other hand, the Group will actively identify opportunities for merger and acquisition as well as investment in the pharmaceutical industry, which will strengthen the Group’s position in the market and products, and enhance the return on investment.

Mr. Qu Jiguang, Chairman and CEO of SSY said, “The Group will take on the initiatives in its development, maintain the resilience and dynamism of innovation and development, and facilitate the high-quality development of the Group with concrete actions and solid results. We truly believe that with our advantages in scale, quality, management and branding built up in the industry over the years, and with our continous the innovative momentum, we will bring satisfactory returns to our investors with stronger development results.”

Hashtag: #SSY

The issuer is solely responsible for the content of this announcement.

About SSY Group Limited

SSY Group Limited is one of the leading pharmaceutical manufacturers in China with nearly 7 decades of operation history and a well-established brand name. The Group went public on the Hong Kong Stock Exchange in December 2005 with stock code 2005. The Group is principally engaged in the research, development, manufacturing and selling of a wide range of pharmaceutical products, including finished medicines of mainly intravenous infusion solution and ampoule injection to hospitals and distributors, bulk pharmaceuticals and medical materials. The manufacturing plants of the Group locates in Hebei Province and Jiangsu Province in China, and its pharmaceutical products has leading position in the high-end hospital market in China.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Kellogg School of Management’s John L. Ward Center for Family Enterprises Highlights Importance of ‘Transformative Learning’ for Family Businesses

Kellogg School of Management's John L. Ward Center for Family Enterprises Highlights Importance of ‘Transformative Learning’ for Family Businesses
  • Need for long term planning flagged at Global Family Business Summit in Singapore
  • John L. Ward Center for Family Enterprises collaborates with partners in Asia, such as Tanoto Foundation, to develop research to support future of family businesses

SINGAPORE – Media OutReach – 29 August 2023 – The Kellogg School of Management’s John L. Ward Center (‘the Ward Center’) for Family Enterprises has highlighted the value of ‘transformative learning’ as a means of supporting long term succession planning for family businesses and managing the transition between generations.

At the Global Family Business Summit, held today in Singapore by the Kellogg School of Management at Northwestern University, one of the leading research and teaching universities in the U.S., experts from the Ward Center shared research on family business trends and outlined specific learning approaches to help family businesses protect and enhance the value of their operations and build capacity over time.

As part of its commitment to continuously developing its teaching capacity, the Ward Center collaborates with external partners, such as Tanoto Foundation, who share insights gleaned from decades of business which in turn contribute to the research carried out by the Center.

Francesca Cornelli, dean of the Kellogg School of Management, said: “When family businesses grow, they face challenges which are different than other types of businesses. Families have to adapt to expansions and new challenges, sometimes in a short time span. It is therefore important to consider new approaches to build capacity and ensure an effective transition between generations”.

“The Ward Center’s educational programming and groundbreaking research is an asset to family businesses across Asia and around the world, and I’m thrilled we were able to convene so many prominent family business leaders in Singapore for these important conversations,” she added.

Dr. Matt Allen, Executive Director of the Ward Center for Family Enterprises, said: “In many cases, the next generation of family businesses will have witnessed their companies evolve from a nascent stage to a vast and intricate present. This is why we have introduced what we call ‘transformative learning’, in which we use innovative teaching methodologies to help students and their families to rethink how they can work together for the future of their businesses”.

The Global Family Business Summit takes place against a backdrop of the steady growth in family businesses, both globally and in Asia. Research from PwC published last March showed that 71% of family businesses reported growth in their last financial year, while the number of family offices based in Singapore has increased exponentially in recent years.

Dr. J. Satrijo Tanudjojo, Global CEO of Tanoto Foundation, said: “This dramatic growth in family businesses highlights the need for continuing scholarship and research in this area. There’s an increasing need for education focused on family business strategies, governance, and succession to ensure the sustainable expansion of family businesses for future generations”.

In 2021, Tanoto Foundation made a donation of USD10 million to Northwestern University, renaming the Kellogg School of Management’s Center for Family Enterprises to the John L. Ward Center for Family Enterprises, in honour of Clinical Professor Emeritus John L. Ward, who served as co-director of the center for nearly two decades and was one of the first scholars to put science behind the field of family enterprise.

Hashtag: #TanotoFoundation

The issuer is solely responsible for the content of this announcement.

About Tanoto Foundation

Tanoto Foundation is an independent philanthropic organisation founded by Sukanto Tanoto and Tinah Bingei Tanoto based on the belief that every person should have the opportunity to realise his or her full potential. Tanoto Foundation programmes stem from the belief that quality education accelerates equal opportunity. We harness the transformative strength of education to realise people’s full potential and improve lives. Tanoto Foundation focuses on making an impact in three main areas: improving learning environments, future leader’s development, as well as medical research and sciences.

More information is available at .

About the Kellogg School of Management at Northwestern University

The Kellogg School of Management at Northwestern University is a premier global business school committed to its mission to educate, equip and inspire leaders who leverage creativity and innovation and bring empathy to every decision. Based just outside of Chicago, our vibrant, global community of faculty, staff, students and alumni shapes the practice of business and organizations around the world. Kellogg offers an innovative portfolio of programs: six Full-Time MBA programs including the accelerated One-Year MBA and Two-Year MBA options, and joint degree programs with the engineering, medical and law schools; an Evening & Weekend Program; the Executive MBA global network; a Master of Science in Management Studies; the PhD program; and extensive non-degree Executive Education programs.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

Win Metawin and Coca-Cola Unwrap the Magic of Mealtimes in A Heartwarming Film Celebrating Sibling Bonds

Win Metawin and Coca-Cola Unwrap the Magic of Mealtimes in A Heartwarming Film Celebrating Sibling Bonds

Dive behind the scenes with Win in his heartwarming first Coca-Cola® film that peeks into his cherished family moments.

BANGKOK, THAILAND – Media OutReach – 29 August 2023 – As the excitement brewed amongst Coca-Cola fans and Win Metawin admirers, the long-awaited day finally landed. Coca-Cola® and its ASEAN Brand Ambassador – the enigmatic Win Metawin, finally unveil the heartening online film as a part of their ‘Recipe for Magic’ collaboration. Released today, the film is available for viewers on the official Coca-Cola channels and Win’s Instagram profile. The premise? Exploring the enchanting bonds created when loved ones gather for a meal, complemented by the refreshing taste of Coca-Cola®.

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Launched across Southeast Asia – from Singapore to Thailand, Vietnam, Cambodia, Myanmar, Indonesia, Malaysia, and the Philippines – the Coca-Cola ‘Recipe for Magic’ journey is about more than just marketing. It brings to the forefront, the unifying power of shared meals and the authentic connections forged at the dining table, aptly personified by the charismatic Coca-Cola ASEAN brand ambassador, Win Metawin.

This feel-good film casts the spotlight on the importance of family mealtimes in creating and sharing those ‘pause-refresh-and-cherish’ moments – even for an Asian star! The film articulately captures Win’s journey in preparing his very own home-cooked pizza — from meandering through supermarket aisles in search of inspiration and soliciting cooking suggestions from his fans to the moment he surprises his siblings with a mouthwatering, hand-crafted pizza. The story culminates in a beautiful family gathering, over slices of pizza and glasses of Coca-Cola, where laughter and love are the main courses.

Baron Magtanong, Regional Marketing Manager for Coca-Cola Trademark, encapsulates the sentiments, “Our ‘Recipe for Magic’ campaign aims to bottle up those precious moments of connection. With Win’s inherent warmth and energy, we’re hopeful that the experience inspires others to explore their very own ‘recipe for magic’, turning mealtimes into priceless memories.”

When it came to deciding what to cook, Win Metawin shared that he was excited to take on board his fans’ suggestions. Win nostalgically reminisces his strong bond with Coca-Cola and pizza, stating: “I have many fond memories that involve me and my siblings, hungrily waiting for a pizza delivery while sharing a Coke. So, fast forward to the ‘Recipe for Magic’ campaign, I jumped at the opportunity to recreate those personal moments of happiness. Given how Coca-Cola has been part of many of our family occasions throughout my life, this campaign was truly close to my heart.”

A cherished memory was indeed created as Win got a chance to work with his siblings on the film set sharing, “This was a priceless experience to have all my siblings on set, and in fact, created another unforgettable and treasured family moment etched in my memory, courtesy of Coca-Cola.”

The ‘Recipe for Magic’ campaign embodies ‘Real Magic’ – the Coca-Cola global brand philosophy entrenched in the belief that whether it’s every day or a special occasion, moments can become magical and extraordinary experiences when they are enjoyed together. All it takes is combining the right ingredients – good company, delectable food, and an ice-cold, refreshing Coca-Cola drink.

Catch Win on this magical journey with Coca-Cola. For updates and glimpses into more heartwarming moments, connect with us on our official pages: Facebook or at www.coca-cola.com .

Hashtag: #CocaCola

The issuer is solely responsible for the content of this announcement.

About Coca-Cola ASEAN & South Pacific

The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. The Coca-Cola ASEAN and South Pacific (ASP) operating unit serves 25 diverse countries across Southeast Asia, Australia, New Zealand, and the Pacific Islands. We offer a diverse portfolio of great-tasting beverages including sparkling beverages, water, juices, dairy, nutrition, sports, and tea. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities, and the planet through water replenishment, packaging recycling, sustainable sourcing practices, and carbon emissions reductions across our value chain.

Together with our bottling partners, we help bring economic opportunity to local communities across the region. Learn more at and follow us on , , , and .

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

International Charity World Vision Partners Local Social Service Agencies to Support Vulnerable Children in Singapore

International Charity World Vision Partners Local Social Service Agencies to Support Vulnerable Children in Singapore

Targets to enable 50 children in out-of-home care with special learning needs to have access to learning support programmes

SINGAPORE – Media OutReach – 29 August 2023 – World Vision Singapore has announced that it is extending its outreach to vulnerable children with special learning needs in Singapore through its One Life Fund. As an international humanitarian organisation dedicated to enabling vulnerable children around the world to live life in its fullness, World Vision Singapore established the One Life Fund to support vulnerable children in Singapore. Since 2023, the One Life Fund has enabled children in out-of-home care with special learning needs to have access to specialised learning support.

Caption

Working hand in hand with the Dyslexia Association of Singapore (DAS) and Chen Su Lan Methodist Children’s Home (CSLMCH), World Vision has identified the first cohort of 15 children. These children are diagnosed with dyslexia and exhibit a range of learning and developmental delays. Many of them are also burdened with the scars of past trauma from a history of domestic abuse or other family circumstances. The impact of the trauma further impairs their learning. These children thus require specialised learning support to cope with the demands of formal education in a manner that is sensitive to their learning and behavioural difficulties.

In this unique tripartite partnership, World Vision Singapore, DAS, and CSLMCH have jointly looked into arrangements and resources that are needed for these children to attend literacy sessions on-site at the children’s home in very small groups. The benefit from the on-site teaching arrangement is that CSLMCH’s case workers can be present to support educational therapists from DAS by calming the children when they display disruptive behaviour during the lessons.

“At World Vision, our vision is to enable every child to live life in all its fullness, where they are given the opportunity to develop their potential. By combining the expertise and resources of Dyslexia Association of Singapore, Chen Su Lan Methodist Children’s Home, and World Vision Singapore in this partnership, children with special learning needs are able to receive robust and targeted educational intervention within the safe environment of the children’s home. Lessons conducted in a familiar and conducive environment also help these children learn more effectively, lowering the risk of external behavioural triggers. World Vision has begun providing support for 15 children at CSLMCH. We aim to extend our support to 35 more children in out-of-home care with special learning needs. Our aspiration is to be able to do even more to address the needs of vulnerable children in Singapore in the future,” said Benjamin Tan, CEO of World Vision Singapore.

According to DAS, every year, one-third of the students assessed by DAS will not be diagnosed with dyslexia, but they struggle to learn because of overlapping learning difficulties.

Lee Siang, CEO of Dyslexia Association of Singapore, said, “Students with overlapping difficulties have increasingly come to our attention as they do not qualify for a diagnosis of dyslexia and are not able to access programmes and funding support to remediate their learning difficulties. It is our belief that every child with literacy challenges regardless of their background and circumstances should have access to specialist intervention and resources to bridge their learning gaps and unleash their potential. This collaboration with Chen Su Lan Methodist Children’s Home and World Vision Singapore has thus enabled these children to receive the necessary remediation to overcome their literacy challenges. It also provides opportunities to expand DAS’s repertoire of strategies to better support these students in their educational journey.”

“We have quite a number of children with special learning needs who require the specialised learning support that is provided by DAS and funded by World Vision Singapore’s One Life Fund. Many of these children are still going through a journey of healing from past traumas. The provision of appropriate educational interventions supports them in this restorative process. The educational therapists’ enthusiasm, emotional support and stimulating interactions have been important motivators for learning. Children who have begun receiving the support now show an interest in reading and writing and also demonstrate better reading fluency,” shared Low Kee Hong, Executive Director of Chen Su Lan Methodist Children’s Home.

James[1], who is 12 years old this year, is part of the first cohort of 15 children who have benefitted from this tripartite partnership. He has been residing in CSLMCH since 2021. His parents were unable to care for him, and he experienced multiple disruptions under his relatives’ care. Apart from being diagnosed with dyslexia, he presents moderate receptive and moderate-severe expressive developmental language disorder[2]. This makes it hard for him to learn in regular classes. He also exhibited self-harm behaviour. His family background and negative early childhood experiences may have also affected his academic performance.

With the support from World Vision Singapore’s One Life Fund, James is now able to receive dyslexia-specific remediation in the children’s home to improve his reading and spelling abilities. Since he began in May this year, he has gained more confidence in expressing himself in English and now enjoys engaging in social interactions. He has also shown a growing interest in basic reading activities independently.

“Education is the bedrock of a child’s development to a brighter future. World Vision remains committed to removing barriers so that vulnerable children can fulfil their potential. We want to help pave a future where children are protected, cared for, and given the opportunities to become all they can be,” added Benjamin Tan.

World Vision Singapore’s One Life Fund covers the fees of learning support programmes for children in out-of-home care with special learning needs, and, where needed, the cost of learning needs assessment prior to enrolment and related transport costs for children in residential care.

Members of the public in Singapore can visit World Vision Singapore’s website or Giving.SG to contribute to the One Life Fund:


[1] Name changed to protect the child’s identity.
[2] Moderate receptive and moderate-severe expressive developmental language disorder means that the child’s reading and writing age is below his biological age.

Hashtag: #WorldVisionSG #ForChildrenForChangeForLife



The issuer is solely responsible for the content of this announcement.

About World Vision

World Vision is a Christian humanitarian organisation dedicated to working with children, families, and their communities worldwide to reach their full potential by tackling the root causes of poverty and injustice. Working in nearly 100 countries around the world, we serve all people, regardless of religion, race, ethnicity, or gender.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.

NielsenIQ: Consumers in Hong Kong prefer health and wellness products amid pressure on wallet spends

NielsenIQ: Consumers in Hong Kong prefer health and wellness products amid pressure on wallet spends
HONG KONG SAR – Media OutReach – 29 August 2023 – Fast-moving consumer goods (FMCG) have shown signs of a rebound in Asia Pacific (APAC) markets like Hong Kong (+1.8% in 2022 vs negative 10% the previous year) and Singapore (+0.8% in 2022 vs negative 2.1% in the previous year), while in Southeast Asia strong growth found in SEA including Indonesia (up by 4% in 2022 from 2021), The Philippines & Vietnam (up by 5.5%, 28.6% across the same period, respectively). According to NielsenIQ, consumers are spending on categories like over-the-counter and health supplements that are recording growing contribution in sales of over 12% in 2022 versus 2021, followed by Pet Care and Tobacco (11%, 9% in 2022 vs 2021 respectively).[1]

Other categories that are displaying rebounding momentum in the last two years include packaged food (+4.0% in 2022 vs 2021), snacks and confectionary (+6.2% in 2022 vs 2021), beverages (+3.0% in 2022 vs 2021) and alcohol (+3.2% in 2022 vs 2021), and laundry products (+3.6% in 2022 vs 2021).

Consumers are concerned about health, both physical and mental, and are looking for convenience

In a survey[2] conducted across multiple Asian markets by NIQ BASES, the top concern for consumers in Hong Kong remains their physical health despite the economic stress. Further, consumers shared that some of the factors they consider when FMCG products are wide product range (one in four consumers), convenient location and convenient store layout (over 10%). Physical (nearly one in three) and Mental Health (over 15%) are the biggest concerns voiced by consumers.

“While APAC has been resilient to inflationary pressures relatively, compared to rest of the world, the compounding impact has not gone away. We are in an era where customers are re-directing spending away from big-ticket, out-of-home discretionary spending, with a priority on utilities and groceries. Any splurging is being handled in calculated ways using multiple strategies for saving. This is a great opportunity for manufacturers to innovate new products keeping in mind possibilities to converge the growing consumer preferences for convenience, health, and well-being,” said Spencer Hung, Managing Director, NIQ Hong Kong, and Taiwan.

“Innovating in terms of convenience could be in the form of the type of products rather than just the location or layout. Whereas in health, it can go beyond just physical health, especially as our younger generations have quite an attention towards mental health. FMCG brands could take a cue from consumers preferences for premium purchasing for healthier attributes in food and beverages like preferences for low sugar, no sugar, and low salt. Similarly, efficacy in household care and functional attributes in oral and personal care will command more premium from consumer wallets,” explains Hung.

Recent survey from NielsenIQ identified preferences from tourists coming to Hong Kong from various Asian markets. A burgeoning share of tourists from China (44%) claim premium and better quality as top reason to purchase products overseas as compared to one in four consumers (26%) from the Philippines. Top categories that tourists from China intend to buy in Hong Kong include beauty & cosmetics (57% of consumers), electronics (34%), snacks & confectionery (27%); similar trend for tourists from the Philippines. There is a marked shift in the sales contribution of categories preferred by tourists, for example, the contribution of skin moisturizers sales to total FMCG have increased to 19.4% in Q1 2023 vs 13.2% Q1 2018[3], whereas that of infant milk formula has relatively dropped from 36.4% in Q1 2018 to 14% in Q1 2023.

“There is a shift in mindset towards the pandemic and with borders opening, travel & tourism GDP in APAC expected to grow at 8.5% annually over the next ten years. Given the recent trend of Hong Kong people travelling to Mainland China for leisure and consumption, it’s getting even more important for FMCG players to understand the concerns and preference of local shoppers and mainland tourists in Hong Kong. Capturing the health and wellness trend, understanding what and where tourists buy, and adjusting the assortment mix across stores can turn out to be very profitable for FMCG players in Hong Kong,” adds Hung.


[1] Source: Retail Measurement Service 2022
[2] Source: NielsenIQ BASES Survey (n = 2200: AU,CN,HK,ID,IN,PH,MY,SG, SK,TH,TW) March 2023
[3] NIQ RMS data

Hashtag: #NielsenIQ #FMCG #Health #Wellness #ConsumerIntelligence #Innovation

The issuer is solely responsible for the content of this announcement.

About NIQ

NIQ is the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behaviour and revealing new pathways to growth. In 2023, NIQ combined with GfK, bringing together the two industry leaders with unparalleled global reach. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™.

NIQ, is an Advent International portfolio company with operations in 100+ markets, covering more than 90% of the world’s population. For more information, visit .

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This content was prepared by Media OutReach. The opinions expressed in this article are the author’s own and do not reflect the view of Siam News.