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Indonesia Stock Exchange (IDX) Launches Carbon Trading Operations

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The Indonesia Stock Exchange introduces carbon trading to support emission reduction goals, promoting renewable energy and retiring coal power plants. Stringent regulations ensure responsible participation.

Indonesia Stock Exchange Launches Carbon Trading Operations

The Indonesia Stock Exchange (IDX) has launched carbon trading operations in support of the country’s emission reduction goals. The initiative seeks to facilitate the transition to renewable energy and the phase-out of coal power plants. With active participation from various sectors, the IDX aims to incentivize positive environmental practices and bring about significant changes to the energy sector. This aligns with Indonesia’s proactive approach to achieve its ambitious emission reduction target of 31.89 percent by 2030, in line with the country’s broader strategy for a greener economy.

Regulations for Carbon Trading on IDX

To ensure the smooth functioning of the carbon trading market, the IDX has implemented a comprehensive set of regulations. Key guidelines include the IDX Decree No. KEP-00296/BEI/09-2023 for Carbon Units Trading and the IDX Decree No. KEP-00297/BEI/09-2023 for Carbon Exchange Users. These regulations define the eligibility criteria and requirements for entities to participate in the carbon exchange. The goal is to establish a robust regulatory framework to maintain the integrity and transparency of carbon trading operations.

Eligibility and General Requirements for Carbon Exchange Participation

According to the Decree on Carbon Exchange Users, entities eligible for participating in the carbon exchange include various stakeholders from different sectors. To qualify for participation, entities must meet certain general requirements to ensure their commitment to environmental sustainability and active contribution to emission reduction efforts. The IDX aims to foster a highly responsible and impactful carbon trading market on the exchange platform by setting stringent eligibility criteria.

Source : Indonesia Stock Exchange (IDX) Launches Carbon Trading Operations

The 32nd World Hakka Conference Held in Longnan, Jiangxi

The 32nd World Hakka Conference Held in Longnan, Jiangxi

Embracing the Hakka Grand Gathering, Building a Vision of Peace Together

LONGNAN, CHINA – Media OutReach – 12 November 2023 – The sound of Hakka resonates across five continents, and the affection for our hometown extends to every corner of the world. From November 7th to 9th, the 32nd World Hakka Conference was held in Longnan, Jiangxi. More than 2,500 guests, including representatives from over 200 Hakka associations and communities worldwide, as well as renowned entrepreneurs, gathered here to celebrate this grand event.

During the opening ceremony held on the evening of the 7th, performers vividly portrayed the evolution of the Hakka people’s journey back home, the cradle of the Hakka culture, and the flourishing era of the Hakka community through staged singing, creative dances, multimedia performances, and more. The performances showcased the outstanding qualities, fine traditions, rich cultural connotations, and unique charm of the Hakka people.

Prior to the Hakka Conference, the 5th General Assembly of the Global Hakka Chongzheng Association (referred to as “Global Association”) was held in Shenzhen, bringing together Hakka representatives from around the world to reminisce about their hometown and carry forward the glory of the Hakka heritage.

As the organizer of both events, the Global Association has always been committed to uniting Hakka people worldwide, including those from Taiwan, to promote Hakka history and culture and facilitate peace across the Taiwan Strait.

In recent years, the Global Association has endeavored to maintain strong bonds among Hakka compatriots and work tirelessly to safeguard the vital interests of the Hakka community in Taiwan. These efforts have garnered extensive support and praise from Hakka associations worldwide.

Hashtag: #GlobalHakkaChongzhengFederation

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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 Network.

Chinese Ships Chase Philippine Vessels; US Renews Warning to Defend Manila

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 เรือจีนไล่ล่าเรือฟิลิปปินส์;  สหรัฐฯ ต่ออายุคำเตือนเพื่อปกป้องมะนิลา

Filipino forces experienced confrontations with Chinese ships in South China Sea. Chinese claimed surrounding waterway has drawn U.S. intervention. There are fears about potential conflict.

ABOARD THE BRP CABRA — In the high seas, a U.S. Navy surveillance plane kept a close watch as dozens of Chinese coast guard ships chased and encircled Philippine vessels in the South China Sea. A Chinese coast guard ship sprayed a water cannon toward a Philippine motorboat delivering supplies to Filipino forces on a rusting warship at Second Thomas Shoal. China has stood by its claim to the strategic waterway, clashing with smaller neighbors and involving the United States, one of its main rivals in the region.

The situation has sparked fears of an armed conflict between the United States and China. Despite Chinese blockades, the Philippines managed to deliver supplies to Filipino marines aboard the BRP Sierra Madre. The Philippine warship donated by the U.S. continues to deteriorate, and Manila stated it would consider an armed attack an act of war. Philippine officials aim to expose China’s growing aggression in the trade route through a continuous public campaign.

Onboard Philippine coast guard ships, journalists observed the maneuvers. Filipino forces have vowed to adhere to the rule of law and resist provocation by China. With at least 38 Chinese ships surrounding Second Thomas Shoal, there is a growing need to prevent collisions. The international community has rallied against China’s “illegal actions,” and the U.S. stands by the Philippines under the 1951 Mutual Defense Treaty.

Source : Chinese Ships Chase Philippine Vessels; US Renews Warning to Defend Manila

"Friendly Shandong Remarkable Shandong" 2023 Beijing Presenting Event kicks off

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WEIHAI, China, Nov. 12, 2023 /PRNewswire/ — A report from dzwww.com: 

The opening ceremony of the "Friendly Shandong Remarkable Shandong" 2023 Beijing Presenting Event took place on the morning of November 10th at the Beijing Exhibition Center. Over 500 guests from various fields and nearly 200 Chinese and foreign media reporters gathered in Beijing to explore the charm of "Friendly Shandong" and the superiority of "Remarkable Shandong".


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In recent years, Shandong has been consistently enhancing its regional public image by prioritizing the improvement of service and product quality. "Friendly Shandong Remarkable Shandong" has emerged as a prominent business card for Shandong’s high-quality development. This business card is deeply rooted in the rich cultural heritages of the Qilu land. It represents the dynamic force of innovation and creativity, embodies the unwavering pursuit of excellence, and showcases the confidence and charm of openness and inclusivity.

During their speeches, Caroline Elizabeth Wilson, the United Kingdom’s Ambassador to China, and Deng Xiaogang, deputy minister of  the Agriculture and Rural Affairs expressed their appreciation for the presenting event, which showcased Shandong’s hospitality and excellent products. They encouraged all participants to take advantage of this platform to enhance communication, promote cooperation, and increase the popularity and influence of "Friendly Shandong Remarkable Shandong" both nationally and globally.


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This presentig event has been well-received by the attending guests and participating companies. Some foreign guests have expressed that Shandong is a beautiful and vibrant place. They believe that today’s event has showcased many surprises and opportunities for cooperation, allowing them to truly experience the practicality and hospitality of Shandong. "The slogan ‘Friendly Shandong Remarkable Shandong’ has brought us even closer in our cooperation." Besides, some participating companies have stated that, under the current economic downturn pressure, Shandong has taken the pioneering step of organizing various forces to come to Beijing for promotion and sales. This move can boost confidence and morale, and will definitely play a positive role in promoting consumption and stimulating the economy.

This event is hosted by the Shandong Provincial People’s Government and will last until 12th. It includes the opening ceremony, special promotion events, achievement exhibitions, sales, and drama performances. Through immersive promotion events, exhibitions and sales, it aims to showcase the achievements of the "Friendly Shandong Remarkable Shandong" brand construction, allowing domestic and foreign guests to experience the hospitality and excellence of Shandong up close.

Source : "Friendly Shandong Remarkable Shandong" 2023 Beijing Presenting Event kicks off

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

China National Sports Group and Singapore's White Group Ink Strategic Cooperation Deal to Accelerate Development of Sports Industry in China and Beyond

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China National Sports Group and Singapore’s White Group Ink Strategic Cooperation Deal to Accelerate Development of Sports Industry in China and Beyond

SINGAPORE, Nov. 12, 2023 /PRNewswire/ — China National Sports Group, and  Leading Singapore investment and development firm, White Group signed a strategic cooperation deal at a signing ceremony held in Beijing on November 7, 2023, with the theme Connecting the World, Gathering Dreams, and Leading the Future. The deal outlines a plan to acquire the intellectual property (IP) of leading international sports events as well as complete global or Asia-Pacific commercial rights that will establish a sports format that is closely integrated with event IPs while creating a group of international-level stadiums and supporting facilities that will cater for the most popular sports.


China National Sports Group and Singapore’s White Group Ink Strategic Cooperation Deal to Accelerate Development of Sports Industry in China and Beyond

Peh Chin Hua, Chairman and CEO of White Group, Gu Haoning, Party Committee Secretary, Chairman and President of China National Sports Group, Wei Weige, Party Committee Deputy Secretary and Vice President of China National Sports Group, Qiu Qiangsheng, Party Committee Member and Vice President of China National Sports Group, Beijing China Tennis Sports Company General Manager Wei Shengfan, and representatives from White Group were all in attendance at the ceremony.

A new fund — the China-Singapore International Sports Industry Fund — will see Xinfang Huade Group investing an initial RMB1.4 billion and Chinese capital investing RMB600 million. This investment will be gradually increased moving forward according to the needs of the market and the fund will eventually top out at 6 billion yuan with investment from Xinfang Huade Group accounting for 4.2 billion yuan, and Chinese investment 1.8 billion yuan. Huati Private Equity will be the implementation entity and manager of this fund.

White Group’s Chairman and CEO, Peh Chin Hua, said, "This strategic cooperation in the international sports industry between China and Singapore supports the idea that only by adhering to the spirit of sports, regardless of country, politics, race, religion, culture, language, rich or poor, can we together promote the international sports industry to empower it to achieve a more prosperous and rapid development. It is only through development can we make a more positive contribution to the friendship between China and Singapore."

Top-level events and stadium space are the core resources of the sports industry, but international high-quality event IPs are currently extremely scarce with high commercial valuations. China’s professional sports industry was relatively late to the game, but its huge population advantage and economic development potential represent strong growth expectations in the event consumption market. The introduction, absorption, and localization of top international event IPs, coupled with first-class venue space and supporting formats, have excellent economic prospects and social benefits. White Group and China National Sports Group give full play to market mechanisms and laws while cultivating the sports industry and gathering the resources of leading enterprises in the Chinese sports industry, international sports IP channels. This, coupled with stable and abundant capital, will lay the groundwork to become pillars of this new China-Singapore International Sports Industry Fund.

Gu Haoning, Chairman and President of China National Sports Group, said in his speech, "Sport has the potential to transcend national boundaries, language, and cultural differences and the sports industry has become a massive market with increased health awareness and the popularity of sports events the main driving forces behind the rapid growth of the sports industry."

According to the agreement, the two parties will conduct extensive cooperation in the fields of sports event investment and operation management, integration of investment, construction and operation of sports venues and supporting facilities, sports technology, international sports industry funds, and sports derivative businesses. The two parties will work towards acquiring and operating top international event IPs through an industrial fund model and build a China-Singapore International Sports City in the Guangdong-Hong Kong-Macao Greater Bay Area.

Source : China National Sports Group and Singapore's White Group Ink Strategic Cooperation Deal to Accelerate Development of Sports Industry in China and Beyond

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

Fapon Inaugurates State-of-the-Art R&D Center in Lexington, MA

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LEXINGTON, Mass., Nov. 11, 2023 /PRNewswire/ — Fapon, a global leading life sciences organization, is thrilled to announce the grand opening of its US-based Research and Development (R&D) Center, strategically located in Lexington, Massachusetts. This Center represents Fapon’s unwavering commitment to advancing healthcare technologies and will further integrate the company into the local biotechnology ecosystem to accelerate growth.

The R&D Center will focus on advancing molecular diagnostic technologies and novel therapeutic platforms. Situated at the heart of the burgeoning biotechnology and pharmaceutical hub in Greater Boston, the new facility represents a pivotal milestone in Fapon’s global discovery engine. It will serve as a strategic R&D center, uniting dedicated R&D, commercial, and corporate colleagues under one roof.

"In this Fapon Boston R&D center, we have created a hub for groundbreaking research, a sanctuary for the pursuit of knowledge, and a beacon of hope of molecular diagnosis and therapeutics for the future. This site affirms our commitment to advancing the frontiers of science and improving the lives of people around the world," said Nick Guan, Vice President of Fapon Life Sciences, a wholly-owned subsidiary of Fapon.

This purpose-built facility boasts spacious laboratories and offices, equipped with cutting-edge technology to facilitate innovation, incubation, and excellence. Furthermore, the strategic location near renowned academic, pharmaceutical, and biotechnology organizations strengthens prospects for collaboration to foster a culture of innovation.

Alex Wesselhoeft, Founder of Fapon’s RNA technology incubation program, commented: "Innovative medical research requires significant operational, scientific, and financing support for successful execution. This incubator space will enable that risky first step on the path to delivering new medicines to patients."

Building on Fapon’s long-standing commitment to innovation, the Company continuously invests in advanced technologies for its products and services to deliver value to customers and patients globally.

About Fapon

Fapon is a global leading life sciences company dedicated to providing integrated solutions and services for diagnostics, biopharma and biotherapy. Integrating a one-stop solution on raw materials, reagents and innovative open instrument platforms, the Company has grown into a leading supplier in in-vitro diagnostics. Fapon boasts advanced innovations in therapeutics technologies and AI algorithm platforms with data insights that contribute to a better and healthier world. Supported by its strong global R&D, manufacturing, sales and service network, Fapon’s products have established presence in 68 countries and regions, serving more than 2,500 business partners worldwide.

Follow us on LinkedIn (Fapon) or visit our website www.faponbiotech.com.

Source : Fapon Inaugurates State-of-the-Art R&D Center in Lexington, MA

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Chinas ‘Singles Day shopping bonanza loses its lustre

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China’s Singles’ Day sales struggles amid slowing economy, with 77% of consumers not planning to spend more than usual, and dwindling discounts and lackluster sales.

Slow Sales for China’s Singles Day Bonanza

Beijing, China – China’s annual “Singles Day” sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world’s second-largest economy slows. Conceived by tech giant Alibaba, sales for last year’s Singles Day reached 1.1 trillion yuan ($153 billion), according to a recent report by consultancy firm Bain.

Declining Interest in Singles Day Deals

Among consumers surveyed by Bain this year, 77 percent said that they did not plan to spend more than usual during the sales event. “These days people are consuming less, people don’t really have much of a desire to buy lots of things,” recent graduate Zhang Chuwen, 23, told AFP. Others say that this year’s Singles Day deals aren’t as good as in the past, and that some websites had raised prices beforehand, only to cut them for the holiday.

A worker transfers packages for delivery ahead of the Singles’ Day shopping festival at a logistics center in Nanjing, in China’s eastern Jiangsu province on November 10,//AFP

Panduit Australia Launches Panduit™ Uninterruptible Power Supply

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Panduit UPS

Panduit delivers highly efficient and reliable power protection for IT equipment

MELBOURNE, Australia, Nov. 10, 2023 /PRNewswire/ — Panduit Australia releases Panduit™ Uninterruptible Power Supply (UPS), delivering highly efficient and reliable power that provides protection and backup power for users’ computer IT equipment. Panduit UPS offers excellent electrical performance, intelligent battery management and long lifespan (lithium-ion units), enhanced intelligent monitoring, and network functions. Compliant with ENERGY STAR® 2.0, EMC, and safety standards, Panduit UPS meets the continually growing power demands of data centre, enterprise, and Edge IT equipment.  


Panduit UPS

 


Panduit UPS

The rack-mounted Panduit UPS portfolio focuses on high reliability, density, efficiency, and secure manageability, backed by an experienced global support team. This UPS range offers models with varying power ratings, configurations, and batteries to meet users’ specific needs. The offerings include 1-3 kVA line interactive and double conversion with lithium-ion battery, 1-3 kVA, 5-10 kVA, and 10/15/20 kVA double conversion with lead acid battery.

The Panduit Intelligent UPS system interfaces with Panduit’s Cloud Next Generation DCIM solution to manage, monitor, and control power, environmental, security, connectivity, and IT assets. Panduit Cloud collects and processes real-time data to closely oversee these channels and sends alerts for potential failures to reduce the risk of costly outages. To learn more about Panduit Cloud Next Generation DCIM please visit https://pages.panduit.com/apac-smartzone-cloud.html.

Panduit also offers many Panduit™ UPS accessories including external battery packs, battery cartridges, intelligent network management cards, environmental and security sensors, and a relay card.

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"Panduit UPS provides the global market with intelligent, reliable, and efficient infrastructure solutions for IT equipment and applications", says Panduit UPS Product Manager Alan Burkel. "Panduit is excited to deliver this new offering of uninterruptible power supply hardware to an expanding industry with growing trends of distributed compute and enterprise data centre modernization. It allows Panduit to be a one-stop-shop for customers interested in infrastructure solutions."

The new Panduit ™ UPS product family rings in a new era of intelligent power. To learn more about the Panduit UPS Intelligent Power Solution, please visit https://pages.panduit.com/apac-smartzone-ups.html.

About Panduit

Since 1955, Panduit’s culture of curiosity and passion for problem-solving have enabled more meaningful connections between companies’ business goals and their marketplace success. Panduit creates innovative electrical and network infrastructure solutions for enterprise-wide environments, from the data center to the telecom room, from the desktop to the plant floor. Headquartered in Tinley Park, IL, USA, and operating in112 global locations, Panduit’s proven reputation for quality and technology leadership, coupled with a robust partner ecosystem, helps support, sustain, and empower business growth in a connected world. For more information, visit www.panduit.com.

CONTACT:
Aleks Stefanovic
aleksandar.stefanovic@panduit.com 

 

Source : Panduit Australia Launches Panduit™ Uninterruptible Power Supply

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