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74% of executives believe the benefits of generative AI will outweigh the associated concerns

74% of executives believe the benefits of generative AI will outweigh the associated concerns

Generative AI tools for chatbots, product and service design, and customer experience seen as most relevant for organizations

TOKYO, JAPAN – Media OutReach – 7 August 2023 70% of executives believe that generative AI will enable organizations to widen the scope of the roles of knowledge workers.[1] Nearly all executives (96%) recognize that generative AI is a key topic in the boardroom, with the majority confirming that their leadership are strong advocates. This is according to Capgemini Research Institute’s latest report, ‘Harnessing the value of generative AI: Top use cases across industries’, which examines the transformative force of generative AI for innovation across enterprises.

Organizations see generative AI as an opportunity to drive revenues

Despite apparent risks, such as copyright infringement or cybersecurity, 74% of executives believe that the benefits posed by generative AI outweigh the associated concerns. While 21% anticipate a disruption in their industries, 40% of organizations across industries have already established teams and budget for the technology, with a further 49% contemplating doing so within 12 months.

The research also found:

  • Organizations believe that the most relevant generative AI based platforms or tools for their industries are chatbots for automating customer service and improving knowledge management (83%) and designing, collecting, or summarizing data (75%)
  • Most executives believe that generative AI will make product and service design more efficient (78%) and accessible (76%)
  • They also said it will make customer experiences more interactive and engaging (71%) or improve customer service with automated and personalized support (67%).

A range of further benefits within three years

Within three years’ time, and following the successful implementation of generative AI, executives foresee a range of benefits. They believe that its integration will lead to an 8% increase in sales and a 7% decrease in costs. Alongside this, those surveyed indicated that they could expect to see a 9% improvement in both customer engagement and satisfaction, and operational efficiency.

“Generative AI is a transformational force for innovation in organizations, accelerating industry specific use cases to create value, and it’s no surprise that it’s already at the top of the agenda of virtually every large organization,” comments Franck Greverie, Chief Portfolio Officer and Group Executive Board Member at Capgemini. “While generative AI can enable numerous benefits for businesses and employees alike, adopting a human-centric approach while scaling the technology and implementing necessary guidelines will be key to fostering trust in the workplace. As businesses accelerate their generative AI journeys, they must prioritize implementing it sustainably across the organization.”

The high-tech industry is leading the way in generative AI integration

Executives in the high-tech industry are the ones most convinced (84%) that the overall impact of generative AI will be positive. Nearly 70% of executives in that industry said their organizations have generative AI pilots underway, and 18% state that they have already implemented generative AI across some locations or business functions. The top two use cases are 3D modelling for detailed shapes and predictive maintenance.

The majority (67%) of executives across sectors see the most potential for generative AI in the IT function – this is particularly true within the high-tech sector which holds the largest percentage of executives (86%) saying their organization is using or plans to use generative AI in IT. Other areas where executives see generative AI driving value are sales (54%), and marketing and communications (48%).

The rise of generative AI will create new roles and will require investment in upskilling

According to 69% of businesses, generative AI will begin to provide concepts and initial designs for projects and, as such, employees’ roles will shift away from ideation and creation, to review and refinement. This sentiment was also echoed by consumers, with 70% saying that they believe generative AI will make them more efficient at work, free them from routine tasks and enable them to explore more strategic aspects of their job.[2]

The research reveals that 69% of executives believe generative AI will lead to the emergence of new roles such as AI auditors and AI ethicists. With the introduction of new generative AI-based roles, 68% of executives believe that integration of the technology into the workforce will require significant investment in upskilling and cross-skilling of talent.

Most organizations understand the need for sustainable generative AI

Nearly 80% of organizations understand the criticality of implementing and scaling generative AI sustainably. Alongside this, 78% of enterprises understand that generative AI can have a larger carbon footprint than traditional IT programs. However, out of the organizations that plan to train their own models (8%), roughly half have taken steps to mitigate their environmental impact, highlighting the need for more concrete efforts towards sustainability.

Methodology

For this report, the Capgemini Research Institute surveyed 1,000 organizations interested in exploring generative AI across 13 countries across the US, Europe, and Asia Pacific: UK, US, Australia, Canada, France, Germany, Italy, Japan, Netherlands, Norway, Singapore, Spain, and Sweden. Alongside this survey, they conducted in-depth interviews with 10 industry executives. The vast majority (99%) of organizations surveyed had annual revenue of over $1 billion, and over half (55%) had revenue over $5 billion.


[1] Knowledge workers are defined as professionals who use their intellectual abilities and expertise to contribute value within their fields. They rely on cognitive skills, problem-solving, and specialized knowledge.

[2] According to Capgemini Research Institute report ‘Why Consumers Love Generative AI’, June 2023

Hashtag: #Capgemini

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About Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of nearly 360,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2022 global revenues of €22 billion.

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About the Capgemini Research Institute

The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was recently ranked #1 in the world for the quality of its research by independent analysts.

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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.

Mid-Year Economic Update highlights Dubai’s accelerated growth

Mid-Year Economic Update highlights Dubai’s accelerated growth

DUBAI, UAE – Media OutReach – 7 August 2023 – A consolidated Mid-Year Economic update released provides key updates and significant progress made in delivering against the goals laid out in the Emirate’s D33 Economic Agenda.

Key report findings

  • 8.5+ million – Dubai recorded more than 8.5 million international visitors during the first half of 2023[1]
  • The Region’s Wealthiest City – Dubai leads as the wealthiest city in the Middle East and North Africa, with regards to the number of billionaires currently residing in Dubai[2]
  • Best Performing Financial Market Regionally – The Dubai Financial Market (DFM) crossed the 3,986 level on July 13, the highest since August 2015, and is up nearly 20% so far this year, ahead of the MSCI World Index[3]
  • Busiest International Airport – Dubai International (DXB) retained its title as the busiest airport for international flights in July 2023[4]
  • $75 billion – The value of Sukuk listed on Nasdaq Dubai totalled $75 billion, making it one of the world’s leading hubs for Sukuk listings[5]
  • $178 billion – The market value of DFM-listed companies increased by $19 billion to reach $178 billion[6]
  • $12.5 billion – Trading volume in DFM exceeded $12.5 billion since the beginning of 2023[7]
  • 57% – Institutional investors accounted for 57% of trading value in DFM in the first half of the year, with net purchases of $172 million[8]
  • 48% – Foreign investors accounted for 48% of the trading value in DFM during the first half of the year, with net purchases amounting to $890.2 billion[9]
  • $77.5 – Total real estate transactions amounted to $77.5 billion during the first half of 2023[10]
  • 3.6 million – Dubai’s population increased by 50,000 in H1 in 2023, surpassing 3.6 million[11]

Figures from the report demonstrate the significant strides Dubai has already made towards achieving the objectives of the D33 Economic Agenda. Launched early this year, the ‘D33’ economic transformation plan aims to double the size of Dubai’s economy over the next decade and consolidate its position among the top three global cities.

The strategy is designed to augment Dubai’s economic competitiveness, implement growth plans, foster the diversification and sustainability of the economy, attract global talent and foreign investment in vital sectors, and reinforce Dubai’s position as a global destination for digital economy investments and entrepreneurial ventures. The initiative prioritizes advancing innovation, artificial intelligence, and technology projects while making the emirate a leading hub for green economy and tourism.


Hashtag: #Dubai #DubaisDepartmentofEconomyandTourism #DET

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Dubai’s Department of Economy and Tourism (DET)

With the ultimate vision of making Dubai, the world’s leading commercial centre, investment hub and tourism destination, Dubai’s Department of Economy and Tourism (DET) is mandated to support the Government in positioning the emirate as a major hub for global economy and tourism, and in boosting the city’s economic and tourism competitiveness indicators. Under this remit, DET is driving efforts to further enhance Dubai’s diversified, innovative service-based economy to attract top global talent, deliver a world-class business environment and accelerate productivity growth. Additionally, DET is supporting Dubai’s vision to become the world’s best city to live and work in by promoting its diverse destination proposition, unique lifestyle and outstanding quality of life, overall.

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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.

Agri-food sector: Agricultural commodities under pressure

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Agri-food sector: Agricultural commodities under pressure

While the global economic outlook remains uncertain and closely linked to inflation trends and central bank monetary policy decisions, our concerns about agricultural commodities were reinforced in Q2 2023. High production costs, trade tensions and increased weather risks will continue to weigh on global agricultural production in the months ahead.Although food prices have declined since mid-2022, they remain high by historical standards (Chart 1). Several countries, led by India, have announced that they will maintain during the second half of the year the restrictions on food exports introduced in response to high prices almost a year ago. These measures will continue to constrain international trade at a time when cereal stocks are highly concentrated. For example, China currently holds over 50% of the world’s wheat stocks (Chart 2).

Agricultural commodities remain at the centre of the geopolitical gameGrain supplies are a key part of Vladimir Putin’s coercive strategy and this lever, formalised by the creation of a maritime corridor in the Black Sea, should last as long as the conflict. The agreement, which is very fragile since it is extended every two months, confirms the pressure on global cereal supply chains in the medium term.Finally, the increasing frequency of climatic and meteorological anomalies will only increase the volatility of agricultural commodity prices. In the northern hemisphere, the current early periods of intense heat and the significant water deficit will affect cereal yields (wheat, corn) until the end of the year. Furthermore, the almost certain occurrence (>90%) of an El Niño episode from Q3 2023 will add to the existing tensions. Synonymous with warmer, drier-than-normal weather in the Indo-Pacific, it will exacerbate the underlying effects of climate change. In concrete terms, the production of several agricultural…

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JustCo partners Changi Airport Group to launch Asia’s first pay-per-minute co-working centre in an airport equipped with traveller-friendly amenities

JustCo partners Changi Airport Group to launch Asia’s first pay-per-minute co-working centre in an airport equipped with traveller-friendly amenities

New co-working centre features 24/7 access to on-demand workspaces, nap zone and food vending machines for individuals looking for a conducive and well-equipped facility to “work anytime, anywhere.”

SINGAPORE – Media OutReach – 7 August 2023 – JustCo, Asia’s leading flexible workspace provider, today announced its new partnership with Changi Airport Group (CAG) to launch and manage Asia’s first pay-per-minute co-working centre in an airport at Changi Airport Terminal 3 (T3). With the resumption of travel and in-person conferences in the post-pandemic era, JustCo is thrilled to redefine the “work anytime, anywhere” experience by offering 24/7 on-demand access to co-working spaces, nap zone, and a variety of convenient food options to business travelers and modern workers at one of the world’s busiest airports.

JustCo Changi Airport T3 will feature an extensive range of purpose-built workspaces, including collaboration areas and hot desk cocoons to support different work modalities such as focus work and discussions. (Photo credit: JustCo)
JustCo Changi Airport T3 will feature an extensive range of purpose-built workspaces, including collaboration areas and hot desk cocoons to support different work modalities such as focus work and discussions. (Photo credit: JustCo)

JustCo Changi Airport T3, the first JustCo centre to offer round-the-clock co-working access, is scheduled to open in the fourth quarter of 2023.The centre will house one of JustCo’s largest hot-desking facility to-date, offering close to 50 hot-desk workstations. JustCo Changi Airport T3’s pay-per-minute pricing model is designed to be flexible and convenient for travellers or individuals who need a place to work for a few hours or even just a few minutes. Aside from the hot-desk workstations, the centre will also be well-equipped with private office suites, work lounge, meeting rooms with video conferencing tools, quiet nooks, and collaboration areas to support the different work modalities of modern workers.

JustCo Changi Airport T3 will feature one of JustCo’s largest hot-desking zones to date, providing travellers a conducive environment to work on the go. (Photo credit: JustCo)
JustCo Changi Airport T3 will feature one of JustCo’s largest hot-desking zones to date, providing travellers a conducive environment to work on the go. (Photo credit: JustCo)

In addition to its 24/7 access, large hot-desking facility, and purpose-built workspaces, JustCo Changi Airport T3 will also feature a nap zone fitted with partitions and a pantry with food vending machines. The nap zone will provide individuals with a comfortable and quiet space to rest in between long working hours or flight transits. Food vending machines will also be available for individuals who need a quick bite. The provision of lifestyle and wellness facilities will have a positive impact on the overall work experience and productivity of modern workers who are always on the go.

The inclusion of a nap zone within JustCo Changi Airport T3 will offer busy travellers a comfortable space for a quick respite between their hectic schedules. (Photo Credit: JustCo)
The inclusion of a nap zone within JustCo Changi Airport T3 will offer busy travellers a comfortable space for a quick respite between their hectic schedules. (Photo Credit: JustCo)

JustCo’s timely introduction of its newest airport co-working space is a strategic move that spearheads the adoption of co-working solutions among business travellers in a world-class airport. As Singapore continues to play a vital role in facilitating the recovery of international business travel, JustCo Changi Airport T3 is well-positioned to become a popular destination for travellers on the go. The launch of this multifunctional and traveller-friendly co-working space will be a perfect complement to the existing lifestyle amenities at Changi Airport. Travellers can now look forward to the ultimate experience of “live, work, play” under one roof, and leverage JustCo as a platform to connect with other like-minded professionals.

“JustCo’s new partnership with CAG will reinvent the work-life harmony experience for frequent business travellers and digital nomads. We are offering a convenient and cost-effective workspace solution to travellers and patrons of Changi Airport, regardless of their length of stay. Round-the-clock access, as well as amenities such as nap zone, food vending machines, and meeting rooms with video conferencing tools, will reshape the work experience for business travellers who need a conducive space to work in between flight transits, or for digital nomads looking for a relaxing work environment,” said Kong Wan Long, Co-founder and Chief Commercial Officer, JustCo.

Ms Lim Peck Hoon, Executive Vice President for Commercial in CAG said: “In the past year, in-person meetings and MICE events have picked up significantly across the globe. To support the diverse needs of business travelers, modern workers, and digital nomads, Changi Airport Group has been working closely with JustCo to provide a world-class ‘pay-per-minute’ workspace option in Changi Airport. The introduction of the JustCo centre within Terminal 3 is part of our ongoing efforts to refresh and enhance our offerings for our customers to further enrich their airport experience.”

For more information about JustCo Changi Airport T3, please visit www.justcoglobal.com/sg/centre/changi-airport-t3/.
Hashtag: #newlocation #coworkingspace #workspaces #changiairport #new




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

JustCo Global

JustCo is Asia Pacific’s leading provider of flexible workspace for businesses of all sizes seeking flexible solutions to nimbly scale their operations. JustCo’s value proposition lies in its focus on high-quality fitouts, attractive locations, and a seamless experience via technology to work from any of its spaces. Founded in 2011 and headquartered in Singapore, JustCo has close to 50 co-working spaces across nine major cities in Asia Pacific.

We make work better by revolutionising how people work, empowering our ever-growing community with exceptional flexibility, opportunities and experiences.

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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 Group Acquires Two Singapore Financial Institutions, CapBridge and 1exchange, Expanding Into Capital Markets

FOMO Group Acquires Two Singapore Financial Institutions, CapBridge and 1exchange, Expanding Into Capital Markets

SINGAPORE – Media OutReach – 7 August 2023 – FOMO Group, a Singapore-based financial holding group, today announces that it has completed the acquisition of CapBridge Pte Ltd (CapBridge), a capital markets service and asset custody firm, and 1X Exchange Pte Ltd (1exchange), a private securities exchange company. With approval from the Monetary Authority of Singapore (MAS) on the acquisition, FOMO Group has secured Capital Markets Services (CMS) License and Recognized Market Operator (RMO) License in Singapore. This deal bolsters FOMO Group’s leading position as a fully-integrated, regulated and licensed digital payment and digital asset solution provider in Asia.

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CapBridge is a digital online investment syndication and distribution platform with CMS License that offers accessibility to capital markets products, including securities and collective investment schemes, along with custody solutions. It is also an exempt financial adviser and is able to issue analyses and reports on investment products. 1exchange is an RMO-licensed private securities exchange that offers cost-effective listing venue designed for SMEs, corporates and institutions.

Founded in 2015, the FOMO Group provides one-stop digital payment and digital banking solutions to facilitate global collection and global payout for merchants, corporates and financial institutions. This acquisition expands the FOMO Group’s capability to offer value-added products in the capital markets space, which aligns with its strategy to provide a full suite of solutions to its existing clients as well as to bring new clients into the ecosystem, accelerating business growth.

In light of the continuous development in the classification of digital assets, a more forward-looking and future-proof compliance strategy is necessary for businesses within the industry. With a vigilant and proactive regulatory approach, FOMO Group acquired capital market licenses in addition to its existing Payment Service Act (PSA) licenses. The attainment of CMS and custodial service license and RMO license further strengthens its ability to provide secure, robust and compliant one-stop solutions to SMEs, merchants, corporate and institutional clients, while maintaining a competitive advantage in the industry.

Louis Liu, Chairman of FOMO Group, said, “We are excited to bring CapBridge and 1exchange into FOMO Group. Given CapBridge and 1exchange’s demonstrated track record and their strategic investors such as Singapore Exchange and Hanwha Group from their previous Series A, the acquisition empowers us to forge a fully integrated financial service ecosystem, offering our clients a comprehensive suite of value-added products. Furthermore, we have proactively structured our business strategy to align with the ever-evolving global regulatory trends and enhance our compliance capabilities. Therefore, the acquisition of both CapBridge and 1exchange highlights a significant achievement for FOMO Group.”

Johnson Chen, CEO of CapBridge Financial Group, added, “This strategic combination with FOMO is a major milestone for our team. By integrating CapBridge’s robust capital markets solution with FOMO Group’s ecosystem, we are poised to revolutionize the capital markets space. The new enlarged, integrated and regulated ecosystem will improve accessibility, transparency, and efficiency for companies seeking liquidity solutions as well as investors searching for opportunities in the capital markets. Importantly, the combination of services that can be provided by CapBridge, 1exchange and FOMO Pay will lead to more innovative solutions and drive future growth opportunities.”

As one of the leading global financial hubs, Singapore has clear and rigorous regulatory standards aimed at safeguarding the financial market’s integrity and the overall economy, which enables businesses like FOMO Group to thrive while maintaining the highest level of integrity and accountability.

“As we celebrate our 9th anniversary this year, FOMO Group takes pride in commemorating this significant milestone alongside yet another remarkable achievement through this acquisition. Under Singapore’s well-defined regulatory framework for the sustainable growth of the fintech industry, we maintain our steadfast commitment to offering compliant value-added financial services to clients and partners,” said Louis Liu.

Notes to Media

For press inquiries, please contact [email protected].
Hashtag: #FOMOGroup #FOMOPay #CapBridge #1exchange #Acquisition #License #MAS #FinTech #Finance #CapitalMarkets #Custody #Compliance #Business #DigitalPayment #DigitalBanking #Investment #SecuritiesExchange #FinancialHoldingGroup

FOMO Pay:
CapBridge:
1exchange:

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

FOMO Group

Founded in 2015, FOMO Group is a financial holding group based in Singapore, offering one-stop digital payment, digital banking, and digital asset solutions, bridging Web 2.0 and Web 3.0 ecosystems. FOMO Group owns three financial institutions which operate independently from each other:

  • FOMO Pay – A major payment institution regulated under the Payment Services Act to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service. The firm is currently building Asia’s first licensed gateway helping institutions and businesses to connect between fiat and digital currency.
  • CapBridge – A Capital Markets Services licensee licensed to deal in capital markets products, including securities and collective investment schemes, and provide custodial services. It is also an exempt financial adviser permitted to advise on investment products and to issue or promulgate analyses and reports on such investment products.
  • 1exchange – A licensed and regulated private securities exchange with a Recognized Market Operator License, allowing companies and investors to list and trade regulated financial products and equity assets.

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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.

ONYX Hospitality Group Unveils Exquisite Addition to Luxury Market with Launch of Amari Raaya Maldives

ONYX Hospitality Group Unveils Exquisite Addition to Luxury Market with Launch of Amari Raaya Maldives

The launch marks ONYX Hospitality Group's strong foothold in the hotel business across Southeast Asia, showcasing its readiness to compete with global brands.

BANGKOK, THAILAND – Media OutReach – 7 August 2023 – ONYX Hospitality Group, a prominent management company in Southeast Asia specialising in hotels & resorts, serviced apartments, and luxury residences, continues its ultimate vision to establish itself as “The Best Medium-sized Hospitality Management Company in Southeast Asia.” The Group is poised to expand its international presence in line with a strategic plan that takes advantage of the vigorously resurgent global tourism and service industry.

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Exciting news awaits travellers from around the globe as the highly anticipated ultimate luxury destination, Amari Raaya Maldives, celebrates its successful grand opening event. The resort promises an unparalleled experience for discerning tourists. Opening this August, the resort signifies ONYX Hospitality Group’s bold expansion into the prestigious luxury lifestyle resort market. With this strategic move, ONYX is continuously broadening its business hotel portfolio, setting a new standard of excellence in the realm of high-end hospitality.

Catering to tourists from across the globe, the newly launched Amari Raaya Maldives by the Group promises to be the finest luxury resort in the Maldives, aiming to provide an unforgettable experience. This exciting venture marks a significant expansion of ONYX Hospitality Group’s business hotel portfolio as it ventures into the thriving luxury lifestyle resort market.

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According to ONYX Hospitality Group’s CEO, Yuthachai Charanachitta, the Amari Raaya Maldives project represents the most substantial investment in the Indian Ocean region this year. The Panchshil Group, a renowned luxury real estate developer with a rich history of creating high-end residential properties, IT Parks, office spaces specially customized for a special economic zone (SEZ), hotels, convention centres, and luxury department stores, has entrusted ONYX Hospitality Group with the responsibility of managing the prestigious Amari Raaya Maldives.

He continued, “The Indian Ocean region is renowned for its stunning natural beaches, making it an ideal location for the development of luxury resorts. It has become a highly sought-after destination for tourists from around the world. Among the key target markets for this region are Russia, Germany, India, United Kingdom, USA, Korea, and Saudi Arabia. Furthermore, the potential for attracting Chinese tourists is also highly promising as the country gradually opens to international travel. The distribution strategy of Amari Raaya Maldives is focused on achieving a balanced distribution between wholesale and retail segments. Our top five target markets stand out due to our strategic price positioning and the exceptional and exclusive resort experiences we offer.”

In 2023, ONYX Hospitality Group has outlined a key strategy to drive significant expansion in the hotel, resort, and serviced apartment business. This expansion plan encompasses both domestic and international markets, with an ambitious target revenue of 8.8 billion baht. The vision guiding this growth initiative is to establish itself as “The Best Medium-sized Hospitality Management Company in Southeast Asia.” The Group’s working principle revolves around the promise of providing ‘A Tailored Approach to Hospitality’ by crafting exceptional business strategies and fostering successful collaborations with partners and allies throughout the organization’s journey. As a result, this approach has garnered immense trust from renowned partners, both at home and abroad, enabling the creation of sustainable and enduringly prosperous ventures.

ONYX Hospitality Group is firmly grounded in its belief in expertise and profound market knowledge within the Southeast Asian region and numerous countries across the Asia-Pacific area. Benefiting from over five decades of valuable business experience and the exceptional skills of its management team, the company maintains a robust database to support its operations and decision-making processes.

Additionally, the Group boasts a diverse portfolio of brands that cater to various market segments, including Amari, OZO, Shama, and Oriental Residence. These hotel brands range from luxurious offerings targeting the upscale segment to hotels designed for tourists seeking a lifestyle infused with convenience. Moreover, the company operates sophisticated serviced apartments strategically located in bustling business districts and residential areas, catering to the needs of both short and long-term stays, whether for leisure or business purposes.

Presently, ONYX Hospitality Group holds ownership and management of hotels, resorts, and serviced apartments. The Company currently oversees 44 service locations, encompassing a wide range of domestic and international destinations, namely Thailand, Malaysia, China including Hong Kong, Maldives, Bangladesh, and Lao PDR.

To solidify its leadership in hotel, resort, and serviced apartment management in Southeast Asia, ONYX Hospitality Group also emphasizes management under three core areas that reflect the strengths of ONYX. The company’s “Tailored Approach to Hospitality” consists of the following:

The first approach reflects ONYX’s profound expertise in the Southeast Asian market and comprehensive understanding of the region’s tourism industry. The company operates with highly efficient work styles and management systems that adhere to international standards. What sets ONYX apart is its flexibility, enabling seamless adjustments to meet the diverse business needs of all stakeholders involved. The commitment to finding win-win solutions is achieved through strategically focused investments, lean and efficient operations, and the provision of internationally acclaimed levels of service that can adapt to changing market dynamics.

Under the vision of “A Tailored Approach to Hospitality,” ONYX Hospitality Group revolves around cultivating long-term partnerships that foster mutual growth, in line with the current business trend where investors seek alliances with strong brands to leverage each other’s potential. ONYX strategically utilizes its extensive regional network to connect with both domestic and international investors, earning their trust and confidence in the process.

ONYX showcases the exceptional quality and diversity of ONYX Hospitality Group’s three main portfolio brands: Amari, OZO, and Shama. Each brand is renowned for its high quality and comprehensive coverage of all target groups, excelling in satisfying diverse customer needs. The company places significant emphasis on continuously developing and upholding brand standards to ensure competitiveness in the fiercely competitive market. Through their distinctive and unique features, these brands maintain a prominent position in the industry, standing out from competitors and making their products attractive to both partners and end consumers, contributing to the company’s ongoing success.

With these three approaches at the core of its operations, ONYX Hospitality Group reaffirms its commitment to delivering exceptional hospitality experiences and solidifying its position as a leader in Southeast Asia’s dynamic and competitive hospitality industry.

The latest addition to the portfolio, Amari Raaya Maldives, perfectly embodies the company’s core values and business principles. Located on a private island in the serene Raa Atoll, this exquisite resort is just a convenient 45-minute seaplane journey away from Velana International Airport. Drawing inspiration from its breath-taking natural surroundings and the vast expanse of the ocean, Amari Raaya Maldives offers a haven of tranquillity, providing an escape from the hustle and bustle of everyday life. It promises a paradisiacal experience, where guests can indulge in relaxation and embark on adventures amidst the beauty of nature. Each villa at Amari Raaya Maldives is thoughtfully designed to offer unobstructed views of the boundless deep blue ocean, stretching as far as the eye can see. Guests have the luxury to choose between beachfront villas or villas situated in the middle of the ocean.

Amari Raaya Maldives offers a total of 187 villas, each providing a range of options to suit individual preferences. Guests can choose from private beach villas, overwater pool villas, or adjoining family villas. Regardless of the villa type chosen, all guests will find themselves enveloped by the pristine beauty of nature. Every room at the resort offers unobstructed views of the breath-taking Raa Atoll waters, creating a serene and rejuvenating sanctuary for guests. Each space is meticulously designed with a blend of style and personality, ensuring a memorable and delightful stay. The resort is nestled amidst the splendour of vibrant coral reefs and embraced by the lush foliage of palm trees in the undamaged tropical forest.

Amari Raaya Maldives is dedicated to providing guests with extraordinary moments, allowing them to celebrate special occasions through a diverse range of unforgettable activities, from snorkelling, offering an opportunity to witness the spectacular coral reefs up close, to water skiing, jet skiing and wakeboarding. For a dash of excitement and exhilaration, a thrilling zip line adventure awaits in the kid’s club. For guests looking for a leisurely yet engaging experience, the resort offers options like mini-golf, paddle tennis, archery and badminton. Nature enthusiasts can opt for a delightful discovery walk through the serene mangrove forest on a designated nature trail.

Following a day filled with invigorating outdoor adventures, there’s no better way to unwind and relieve stress than indulging in the ultimate relaxation and rejuvenation at Maai Spa. Here, guests can experience a profound sense of holistic healing, nurturing both the body and mind. For those seeking moments of pure joy, an unrivalled culinary journey awaits at one of the eight restaurants available. Each restaurant boasts its own unique décor style and atmosphere, providing a diverse and exceptional dining experience for every palate.

Interwoven into the resort experience is the captivating tale of Seb’s Adventure, a fictional artist who made the island his temporary home and left an indelible mark on its design and activities. The resort boasts a dedicated Arts & Craft studio, offering workshops and activities hosted by local artists for guests’ enjoyment. Throughout the island, remnants of Seb’s life can be found, including his ship and three watch towers that rise above the lush grounds, adding an adventurous touch to the serene landscape.

Amari Raaya Maldives is the perfect destination for couples, families, or friends seeking a unique and unforgettable experience together. This tranquil island paradise boasts breath-taking natural beauty both on the water and in the forest, surrounded by a vibrant community and rich cultural heritage. It’s the ideal place to escape and create lasting memories.

In August 2023, Amari Raaya Maldives opens its doors to tourists, and we are thrilled to announce a special treat to mark this momentous occasion. As part of our exclusive opening offer, we are delighted to extend a very special 40% discount for the first travellers to the castaway island.

Take advantage of this unique opportunity to be among the first to experience our exquisite paradise island destination, which has never been visited before. With up to 40% off stays, this offer includes complimentary transfers for two people, a 30-minute private photo shoot to capture your cherished memories, and a memorable group sunset cruise, creating the perfect setting for an unforgettable vacation. Terms and conditions apply.

Make the most of this limited-time offer, available between 1st August to 23rd December 2023, and embark on a journey of tranquillity and natural beauty. Discover the serenity of our private island in the serene Raa Atoll and immerse yourself in the pristine waters and lush surroundings.

For reservations and more information, please visit the official website of Amari Raaya Maldives atwww.amari.com/raaya-maldives/special-offers.

Hashtag: #amariraayamaldives #amarimaldives #amariraaya #amariresort #brightenyourworld #onyxhospitalitygroup

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About ONYX Hospitality Group

ONYX Hospitality Group, a reputable force in Southeast Asia’s hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies. In addition to its brand portfolio, ONYX also operates additional hospitality services across spa and food and beverage. With over five decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.

Visit the website at for more information or contact

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Greener, More Nutritious, More Intelligent, Mengniu Leads the New World of the Dairy Industry till 2049

Greener, More Nutritious, More Intelligent, Mengniu Leads the New World of the Dairy Industry till 2049

BEIJING, CHINA – Media OutReach – 6 August 2023 – On August 4th, the Mengniu Group Global Partners Appreciation Meeting was held in Hohhot. Marking the 24th anniversary of Mengniu Group, the conference focused on the ambitious goal for 2049, symbolizing a second century of effort. Grounded in the present, Mengniu engaged in profound exploration and forward-thinking discussions. A total of 300 attendees, including government officials, industry associations, research institutions, universities, and experts from global industrial chain partners, participated in the gathering.

Jeffrey Lu, the President of Mengniu Group, declared at the appreciation meeting that Mengniu will collectively focus its efforts on sustainability, innovation, digital intelligence, and branding. This comprehensive approach will assist Hohhot in crafting an upgraded version of “China Milk Capital,” contributing to China’s growth as a global dairy industry leader.

Looking towards 2049, sustainable development emerges as the inevitable choice for the high-quality growth of the global dairy industry. With Mengniu leading the way, China’s dairy sector adopts green practices, starting a new era for human health and environmental protection.

Through independent and collaborative innovation in research, development, and transformation, Mengniu will utilize life-sustaining dairy products, integrating precise nutritional technologies to preserve individualized health, aiming to craft “Merit Milk” focusing on quality and wellness.

In 2049, technology will dominate the dairy industry. Mengniu’s Digital Intelligence 3.0 strategy focuses on AI-empowered digital twin engines to lead the dairy industry to a new starting of intelligence. The AIGC platform will enable over 100 intelligent business scenarios, transforming Mengniu’s employees into “super employees” with AI assistance.

Li Chengjie, the Mengniu Group CDO, unveiled the ‘World’s First Nutritional Health Domain Model’ – MENGNIU.GPT at the meeting. The AI nutritionist based on this model will offer around-the-clock, real-time and high-quality nutritional health services to all families and will be shared with the upstream and downstream ecosystem, transcending boundaries to lead in greater health ecology.

At the conference, The AI nutritionist “Mengmeng” made a dazzling appearance and interacted with the audience, offering a unique experience. Through the Mengniu Nutritional Health Platform’s “WOW Health+” app, individuals now can now access and experience the services of this AI nutritionist.

In 2030, the FIFA World Cup will mark its 100th anniversary of extraordinary significance. Jeffrey Lu has announced the renewal of Mengniu’s sponsorship with FIFA, realizing a “Grand Quadruple Happiness.” Mengniu has become an official sponsor of the FIFA World Cup 2026™, the FIFA Women’s World Cup 2027™, and the 2030 edition of the FIFA World Cup™. Together, they will continue to write the century-long history of the World Cup and forge ahead into Mengniu’s centennial celebration.

At the conference, Mengniu joined hands with academic experts and global partners to form the “Triple Alliance” of the Sustainable Development Ecological Alliance, SNDA Scientist Alliance, and the Digital Intelligence Innovation Ecological Alliance. A signing ceremony was held, symbolizing a unified acceleration towards their shared dream.
Hashtag: #Mengniu

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ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages SoundHound AI, Inc. Investors to Inquire About Securities Class Action Investigation – SOUN

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – August 5, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SoundHound AI, Inc. (NASDAQ: SOUN) resulting from allegations that SoundHound may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased SoundHound securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=17902 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

WHAT IS THIS ABOUT: On July 27, 2023, the market analyst and investment firm Culper Research released a report on SoundHound. The report alleged SoundHound is a “flailing AI wannabe claiming to have revolutionary technology, a growing restaurant business, and a massive backlog of contracts. In our view, SoundHound has misled investors on each of these items: the Company’s AI simply doesn’t work – it relies on call centers staffed by humans; SoundHound’s foray into restaurants is a disaster; the Company’s backlog figures are bogus.”

On this news, the price of SoundHound common stock fell by $0.22 per share, or 8.97%, to close at $2.23 on July 27, 2023.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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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.