ZHUHAI, China, Dec. 5, 2023 /PRNewswire/ — At the China Pavilion of the 28th United Nations Climate Change Conference (COP28) on December 3rd, Dong Mingzhu, Chairperson of the Board and President of Gree Electric Appliances and one of enterprise representatives from Guangdong region, attended the conference and delivered a keynote speech of "Gree Technology helps the zero-carbon era", sharing Gree’s  zero carbon story in the process of coping with climate change. 

Dong delivered a speech in “China Pavilion”conference of COP28

Dong mentioned that Gree put forward the "For the Clearer Sky and Greener Earth" strategy in 2013. Nowadays, Gree has obtained 40 "World Leading" technologies, in which 38 are related to energy conservation. Gree products are widely sold to more than 190 countries and regions and applied for over 110,000 patents. 

After ten years of technological research and development, Gree has innovatively integrated photovoltaic and air conditioning, created the world’s first "zero carbon source" air conditioning system, and won the highest award in the 2021 Global Cooling Prize. According to the organizing committee’s estimates, this technology can reduce the carbon emissions of air conditioners by 85.7%. After the launch of the product, consumers in the Middle East region have purchased nearly 10,000 sets of photovoltaic air conditioners equipped with this technology, which can reduce carbon emissions by 110,000 tons per year. At present, the "zero carbon source" system has been implemented in more than 12,000 engineering cases in 35 countries and regions around the world, and has become the special demonstration project of China’s "four key points".

In 2021, Gree “Zero Carbon Source” air conditioning system won the highest award of the Global Cooling Prize

In addition, Gree magnetic bearing inverter centrifugal chiller is also a representative product of green development. With energy efficiency improved by over 30% compared with conventional products, it has been used in more than 100,000 major projects around the world such as the Great Hall of the People of China, the Beijing Winter Olympics, and the Qatar World Cup. Gree high-efficiency heating air source heat pump, which can achieve 100% of heating capacity at -25℃, has been widely used in the coal-to-electricity projects in rural areas of North China, saving 74% of energy compared with coal burning.

In the future, Gree will continue to invest in the research and development of green production and green manufacturing, and become a "green contributor" in the manufacturing industry, contributing Chinese wisdom to global ecological environment and the better life of humankind.

Source : Dong Mingzhu Shares Gree Zero Carbon Story in COP28

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SINGAPORE, Dec. 5, 2023 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announced the appointment of Vivien Lin as its Chief Product Officer. This strategic decision underscores BingX’s commitment to empowering crypto traders with continuous breakthroughs in its products and services. Vivien Lin will also take the role of Global Spokesperson of BingX, fostering transparent communication and strengthening its connection with global crypto communities.

BingX Appoints Vivien Lin as Chief Product Officer to Elevate User Experience

Vivien’s background in trading, product management, and market development spans nearly a decade, with a focus on forex and equity derivative products, through key roles at reputable institutions such as Morgan Stanley, BNP Paribas, and Deutsche Bank. Additionally, Vivien has years of experience in well-known crypto exchanges as leaders of financial products, risk management, and new product development, along with a deep understanding of product life cycle and go-to-market strategy.

As Chief Product Officer, Vivien Lin will play a pivotal role in steering BingX’s product development strategy over futures, spots, and assets management. Meanwhile, she will represent BingX at prime industry events and regional meetups where she will share her and BingX’s distinctive insights on relevant topics. Vivien adeptly employs her comprehensive understanding of the company’s operations to facilitate communication among users and partners, fostering potential connections and collaborations.

The Board and Executive Team commented on Vivien’s appointment: "As we welcome Vivien Lin into her dual roles, we celebrate not just the addition of an accomplished professional but a visionary leader. Vivien’s extensive experience coupled with her profound understanding of global markets makes her the best fit to embody BingX’s values and vision in global forums. Under her leadership, we anticipate reaching new heights in delivering cutting-edge products and enhancing our user experience with the broader community."

Vivien Lin conveyed her excitement, stating, "I am thrilled to assume the roles of CPO and Global Spokesperson at BingX, which enables me to fortify the connection between our innovative offerings and our valued user community. My belief in the philosophy of clarity and simplicity, both in product development and communication, drives my commitment to breaking down complexities into accessible terms for everyone. I am poised to ensure that BingX’s vision for excellence and user-centric innovation resonates effectively with our global audience."

Vivien’s appointment marks another big move towards further bridging the gap between blockchain and traditional finance, ensuring that BingX users continue to benefit from the dynamic merger. BingX looks forward to a future that is not only marked by technological innovation but also by a deep understanding of user needs, setting the stage for a transformative journey ahead.

About BingX

Founded in 2018, BingX is a leading cryptocurrency exchange, serving over 5 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency.

Source : BingX Appoints Vivien Lin as Chief Product Officer to Elevate User Experience

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Showcase Features the Purion and GSD Ovation Series of Ion Implanters Designed to Deliver Significant Technology and Manufacturing Advantages

BEVERLY, Mass., Dec. 5, 2023 /PRNewswire/ — Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today that it will showcase its Purion™ and GSD Ovation™ Series of ion implanters at the SEMICON Japan 2023 exhibition. The conference and exhibition is being held December 13-15, at the Tokyo Big Sight in Tokyo, Japan. Axcelis will be located in East Hall 5, Booth #5821.

Semiconductor manufacturers are invited to visit the Axcelis exhibit to learn first-hand about innovative ion implant solutions that deliver significant technology and manufacturing advantages.

Purion Power Series™ – Featuring Axcelis’ innovative solution for thin silicon, TAIKO and silicon carbide (SiC) wafer processing across the full power device applications space. Purion H™ Series – Including the new Purion H5™ and the Purion Dragon™, both designed to provide a comprehensive solution for high current implants. Purion H200™ – Axcelis’ state of the art single wafer high current medium energy implanter designed to address the unique implant needs for devices designed for the Internet of Things (IoT) and power applications. Purion XE™ Series – Including the new Purion XEmax™, is the industry leading high energy implant platform, featuring patented Boost Technology™, designed for the most advanced image sensor applications up to 15MeV. Purion M™ Series – Offering the broadest spectrum of mid-current doses available, enabling unparalleled flexibility to meet today’s evolving implant requirements.  GSD Ovation™ – Providing the most cost-effective way to extend high current and high energy batch platform capability by supporting emerging applications in wafer splitting (Si and SiC) and alternate substrates (lithium tantalate and ceramic). 

During the show, Axcelis will also host the following events on Thursday, Dec. 14th:

SiC Power Device Manufacturing Ion Implant Technology
Exhibitor’s TechSPOT Hall 5, 15:30 – 15:50 p.m.
The power device market is at a critical inflection point as chipmakers transition from 150mm to 200mm SiC wafers. Ion implant equipment needs to offer the flexibility to handle multiple wafer sizes, various substrate types and operate at various implant temperatures. Axcelis Happy Hour Celebration
East Hall 5 Booth #5821, 16:00 – 17:00 p.m.
Join us for beverages and light snacks and meet the Axcelis team.

President and CEO of Axcelis Technologies Russell Low, said, "We’re excited to be a part of this important market and the opportunity to provide the most advanced ion implant technology to Japan chipmakers. Our family of application specific systems address high current, medium current, medium energy, and high energy implant requirements for all existing and emerging IC applications."

Charles Pieczulewski, Axcelis Country Manager, Japan, commented, "We’re pleased about our growing installed base in Japan power device manufacturing and remain focused on expanding our market share by providing customers the most innovative, enabling implant technology and support solutions to ensure their success. Japan customers continue to be very impressed by Axcelis’ broad implant product portfolio also for memory, logic and image sensors."

About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

AXCELIS CONTACTS:
Japan:
Charles Pieczulewski (Country Manager, Japan) +81.3.5860.2586

Global:
Maureen Hart (editorial/media) +1.978.787.4266
Doug Lawson (investor relations) +1.978.787.9552

Logo – https://mma.prnasia.com/media2/1756239/Axcelis_Logo.jpg?p=medium600

Source : AXCELIS ANNOUNCES PARTICIPATION IN SEMICON JAPAN 2023

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LONDON, Dec. 5, 2023 /PRNewswire/ — Otermans Institute (OI) launch its AI teachers in 5 universities across 3 continents.  Apart from the UK, universities from Palestine, Pakistan, Turkey and Kenya integrate the OIAI technology into their academic curriculum.   

Otermans Institute (OI) launch its AI teachers in 5 universities across 3 continents.

OI equipped them with a fully AI-driven course: students can initiate their lessons from any digital device and interact with the AI teacher using voice and text inputs, while attending the class.  The digital human teacher can answer them in real-time, tailoring the teaching content according to their needs. 

Otermans Institute’s AI teachers are operated by OIAI, the fine-tuned language model developed by the same organisation. They have a humanlike face and a voice. They can create and deliver any teaching content, tailoring them according to the single student’s needs and replying to their questions in real time.  

Additionally, OIAI’s teachers can assess the students’ performance and provide grades. Students have praised their ability to provide live answers and personalised feedback as their most valuable feature.  

This initiative is not just about integrating the latest technology into education but reshaping how education is delivered and experienced.   

"We are not only creating AI teachers that can teach to anyone globally but also humanising AI at the same time. OIAI is not creating another chatbot or another e-learning platform. At Otermans Institute, we are solving the problem of teaching and learning 2.0 by removing the difficulty that learners face when they are forced to choose between interactivity and accessibility. Our digital human teacher encompasses knowledge bases, the ability to make small talk, to clear any doubts at any time, and to speak in real-time despite being a synthetic avatar. OIAI also provides insights to educators who can now spend their time providing personalised support to students. At the same time, the AI does the bulk of the teaching," – said the founders, Dr Pauldy Otermans and Dev Aditya.   

Through OIAI-collected data, institutions can effortlessly monitor students’ progress at their convenience, identifying areas for improvement in a fraction of the time and the budget currently required.  

As the newest universities using the OIAI technology, Arab American University, Bahria University, Ibn Haldun University, and CUEA have come to the forefront of this educational revolution and become the first to do so in their respective countries.   

Apart from partnering with higher educational institutions, Otermans Institute’s AI teachers will teach and empower young girls in Kenya and Zambia, supporting the Women in STEAM Initiative. 

Adopting the AI teacher into the traditional curriculum demonstrates a commitment to innovation and a willingness to explore new frontiers in learning. The course’s design ensures that students receive a comprehensive understanding of the subject matter, enhanced by the AI’s ability to provide real-time, data-driven insights.  

New institutions that want to adopt the tech-driven approach proposed by Otermans Institute can join the January/February cohort of OIAI. Institutions from Latin America participating in this cohort will introduce this technology to the region for the first time ever. 

Source : 5 Universities integrate AI Teachers from OIAI into their academic curriculum

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JAKARTA, Indonesia, Dec. 5, 2023 /PRNewswire/ — PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) is confident as it approaches the end of 2023, achieving impressive financial performance. Sunarso, BRI President Director, shared this optimistic outlook during the Public Expose Live 2023 in Jakarta, Indonesia.

Sunarso, President Director Bank BRI

The event organized by the Indonesia Stock Exchange in collaboration with the Indonesia Central Securities Depository and the Indonesia Clearing and Guarantee Corporation, was attended by Catur Budi Harto, BRI Vice President Director; Agus Sudiarto, BRI Director of Risk Management; and A. Solichin Lutfiyanto, Director of Compliance.

BRI’s assets grew by 9.93% YoY to IDR 1,851.97 trillion, with a profit of IDR 44.21 trillion, marking a 12.47% YoY increase. "BRI Group’s credit distribution grew by 12.53% YoY to IDR 1,250.72 trillion, surpassing targets and expected to continue through 2023," stated Sunarso. "MSME credit grew 11.01% to IDR 1,038.90 trillion in Q3 2023, comprising 83.06% of BRI’s credit portfolio."

Furthermore, BRI managed credit with improved NPL from 3.09% to 3.07% and a robust 228.65% coverage. Third-Party Collections reached IDR 1,290.29 trillion, growing by 13.21% YoY, mainly from Low-Cost Funds (63.64% or IDR 821.14 trillion). Focusing on Low-Cost Funds and digitalization enhanced efficiency as reflected in improved ratios like OER (68.36% to 68.07%) and CIR (42.55% to 41.28%). BRI’s sustainable growth was supported by strong liquidity and capital, maintaining a balanced Loan-to-Deposit Ratio (87.76%) and CAR (27.48%).

The sustainable growth strategy involved empowerment programs and targeting new growth sources through Ultra Micro (UMi) Holding, collaborating with Permodalan Nasional Madani (PNM) and Pegadaian. In two years, UMi Holding has integrated over 37.3 million customers, marking a 17.3% YoY growth. Outstanding loans reached IDR 614.9 trillion, reflecting a 9.5% YoY increase.

BRI’s commitment to sustainable financing is evident in the IDR 750.9 trillion loans disbursed for sustainable business activities, constituting 66.1% of total disbursements—a notable 11.9% YoY increase.

To further push financial inclusion and literacy, BRI has developed Super App BRImo. Since 2019, BRImo has garnered 30.4 million users and an IDR 3.353 trillion transaction volume, marking a 60.83% YoY growth.

"Through ongoing transformation and strategic execution, BRI is confident in creating sustained economic and social value while delivering optimal returns to shareholders," concluded Sunarso.

More information about BRI at www.bri.co.id.

Source : Public Expose Live 2023: BRI Closes 2023 with Positive Financial Performance

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DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ — Ma Jun, President of the Beijing-based Institute of Finance and Sustainability (IFS) and former Co-Chair of the G20 Sustainable Finance Working Group (SFWG), together with representatives from six other founding members, launched the Capacity-building Alliance of Sustainable Investment (CASI) today at COP28. Representatives from over 20 CASI members and partners joined the launch ceremony held in AIIB Pavilion.

As of now, 42 Chinese and global institutions, including financial firms, financial associations, NGOs, service providers and universities have joined CASI as members.

CASI, initiated by the IFS, is an international cooperation platform aiming to deliver high quality and high impact sustainable finance capacity building services to Emerging Markets and Developing Economies (EMDEs). CASI’s learning programs, including face-to-face training programs and e-learning products, aim to attract an audience of 100,000 people by 2030.

"The demand for sustainable investment is huge in EMDEs, but most of these economies are yet to put in place the key elements of a green financial system. A key barrier to mobilizing sustainable finance in much of the Global South is the lack of ‘green’ capacity with various stakeholders, including governments, financial institutions, service providers and project owners. CASI will serve as a global aggregator and distributor of sustainable finance knowledge for EMDEs," said Ma.

"Capacity building is a key enabler for wider adoption of the IFRS Sustainability Disclosure Standards, especially in emerging markets and developing economies. The ISSB looks forward to working with CASI, via its network of sustainable finance stakeholders, in delivering capacity building for effective sustainability disclosure," said Faber Emmanuel, Chairman of the ISSB.

Eddie Yue, Chief Executive of HKMA, said "EMDEs are facing steep pathways to meet their sustainable development goals, requiring substantial investment. The HKMA Infrastructure Financing Facilitation Office looks forward to working with CASI on leveraging Hong Kong as a leading green and sustainable finance hub to help strengthen EMDEs’ capacity and meet their financing needs."

Zhu Jun, Chairwoman of Silk Road Fund, said "The establishment of CASI is another critical progress in promoting sustainable investment in the global south. As a founding member, Silk Road Fund would like to make contributions in terms of project implementation, technical assistance, professional training, seminar organization and knowledge sharing. Let’s join hands and strive for the common goal of green development."

Surendra Rosha, Co-Chief Executive of HSBC Asia-Pacific, and Group Executive of the HSBC Group said, "The transition to net zero requires finance to be channeled at scale to where it is needed most. The challenge of Asia’s current financing gap is heightened by a lack of technical capability to access and scale up finance. We are pleased to support CASI to help build local technical skills for organisations to secure sustainable financing in emerging markets across the globe."

Bill Winters, CEO of Standard Chartered Bank, said "CASI demonstrates the value of constructive partnerships to accelerate sustainable investment. This is particularly relevant given our commitment to emerging markets and long-standing presence across Asia, the Middle East and Africa. Sharing our expertise to unlock capacity and aid capital deployment is critical in accelerating future sustainable investment. We are very proud to be involved."

"As an asset manager, we are pleased to join CASI as a founding member. We firmly believe that enhancing technical capacity in emerging market and developing economies is a key component to increasing the supply of investment opportunities aligned with global net-zero ambitions," said George Walker, Chairman and CEO of Neuberger Berman.

Margaret Franklin, President and CEO at CFA Institute, said, "Creating sustainable growth is clearly the greatest challenge of our time. It is crucial to develop strong capacity, both at the institutional and individual levels, and we are deeply honored that CFA Institute is furthering our long-time collaboration with the IFS through CASI. Collectively, we can contribute to ensuring strong and sustainable growth by helping build capacity."

CASI will develop and consolidate educational content in collaboration with its members, tailor them to be more relevant to developing country contexts and deliver them to a larger audience through its network.

CASI’s learning programs will cover topics including green taxonomies, disclosure, financial products, policy incentives, carbon markets and project origination. Programs will be distributed through a variety of means, including online courses, certificate programs, face-to-face training events, and tailor-made courses.

The target audience of the CASI programs include senior professionals from financial regulators and governments, financial institutions, service providers, as well as corporates that need to originate green and bankable projects.

CASI will begin its operations in 2024, with in-person events planned in Asia, Africa, Middle East, and Latin America.

List of CASI Founding Members as of November 2023

Institute of Finance and Sustainability HKMA Infrastructure Financing Facilitation Office Silk Road Fund HSBC Standard Chartered Bank Neuberger Berman CFA Institute 

Source : Capacity-building Alliance of Sustainable Investment (CASI) Launched at COP28

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