QINGDAO, China, Nov. 3, 2023 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has officially put China’s first and also the world’s largest LNG storage tank of 270,000 cubic meters into service on November 2 at its Qingdao LNG Receiving Terminal. The tank will add 165 million cubic meters of storage capacity to meet the gas demand of 2.16 million households for five months during the winter heating season, which will enhance and guarantee the natural gas supply in North China.

China’s Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation.

The mega LNG storage tank, independently designed, developed and built by Sinopec, has a diameter of 100.6 meters and a height of 55 meters, a key project of Sinopec Qingdao LNG Receiving Termina’s phase III construction. The 270,000-cubic-meter tank adopted 17 patented technologies with independent intellectual property, the main structure was completed in only 18 months and it’s in full service within 27 months.

In the construction process, Sinopec has localized the applications of over 20 core equipment that significantly reduced procurement costs and boosted the localization level of the tank to 95 percent, the highest in China.

On the same day, Sinopec’s Tianjin LNG Receiving Terminal completed the phase II construction with three 220,000-cubic-meter storage tanks coming into full service, adding over 400 million cubic meters of natural gas storing capacity to bring the total storage capacity of Tianjin terminal to 1.08 billion cubic meters, the largest in China. Sinopec’s two LNG terminals in Qingdao and Tianjin, with seven and nine storage tanks respectively, have a total of 1.68 billion cubic meters of storage capacity, further guaranteeing the supply of resources in the winter season.

Sinopec has continued to expand the natural gas storage capacity following a strategic plan covering the full scope of production, supply, storage, and sales, the group now has about 5 billion cubic meters of LNG storage capacity. Sinopec has built 12 natural gas storage depots including the Zhongyuan cluster, Jintan, Wen 96, and Jianghan Yanxue, while it’s also expanding the LNG receiving terminals in Tianjin and Qingdao.

Looking ahead, Sinopec aims to build more natural gas storage depots and LNG receiving terminals in China to further strengthen the natural gas storage and peak gas consumption adjustment capabilities and expand LNG storage capacities during its 5-year plan.

Source : China's Largest LNG Storage Tank of 270,000 Cubic Meters Now in Operation

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JAKARTA, Indonesia, Nov. 3, 2023 /PRNewswire/ — ABI is delighted to announce its strategic collaboration with Tiger Research, a leading firm specializing in Web3 business development and research across Asia. This significant partnership was officially established by signing a Memorandum of Understanding (MoU) on November 3, 2023.

This alliance represents a significant step forward in advancing the growth and research of the Indonesian blockchain and Web3 market. ABI boasts over 70 esteemed members, including prominent crypto industry players like Reku, Indodax, and Pintu, blockchain solutions, Web3 gaming companies, and key public institutions as strategic partners. Their shared commitment to fostering the blockchain and Web3 ecosystem in Indonesia forms the cornerstone of this partnership.

The MoU sets the stage for a comprehensive joint research initiative focusing on blockchain technology and the dynamic Web3 market. The valuable research insights generated by Tiger Research will be diligently disseminated through ABI’s extensive network and advocacy channels, ensuring that this knowledge reaches both the Indonesian market and a global audience. Asih Karnengsih, Executive Director of ABI, expressed her optimism, stating, "We are filled with excitement as we embark on this journey with Tiger Research. This MoU represents a significant step towards advancing blockchain and Web3 technologies in Indonesia. We are confident that this partnership will usher in new opportunities for growth and innovation, and we eagerly anticipate a future where our collective efforts contribute to the ongoing development of the Indonesian blockchain ecosystem."

Indonesia, with its population surpassing 270 million and a median age of 30, provides an ideal environment for expanding Web3 technologies. These demographics, coupled with business-friendly policies, underscore Indonesia’s immense potential in the Southeast Asian market. According to Tiger Research, the number of investors registered with Indonesian crypto exchanges closely rivals the Indonesian stock market, underscoring the nation’s robust engagement in crypto asset investments.

Daniel Kim, CEO of Tiger Research, shared his perspective on this partnership, saying, "Indonesia stands out as the fastest-growing blockchain market in Southeast Asia. Unlike other Asian countries, the government’s support and a clear regulatory framework create a conducive environment for conducting Web3 businesses. This partnership will amplify our insights and network within the Indonesian market." ABI and Tiger Research envision this collaboration as a significant milestone in their continued efforts to enhance Indonesia’s standing in the Web3 landscape, with the belief that it will have a far-reaching, positive impact on the development of the blockchain market in the region.

Source : Asosiasi Blockchain Indonesia (ABI) and Tiger Research Collaborate to Propel Web3 Advancements

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Bringing together multiple renowned restaurants to present over 50 authentic hot pots, creating the largest Hot Pot Street in Macau

MACAU, Nov. 3, 2023 /PRNewswire/ — From now until March 31, 2024, Broadway Macau™ Hot Pot Festival will make a grand return. The 150-meter long Broadway Food Street will transform into the most diverse and largest Hot Pot Street in Macau, creating a culinary hotspot to warm up this autumn and winter.

Restaurants situated on the Food Street will offer more than 50 distinctive hot pots and claypot dishes. These dishes incorporate seasonal ingredients from Macau and renowned Asian culinary destinations, each with their authentic recipes. Highlights include the Cantonese-style hot pots such as traditional Braised Lamb Brisket Casserole, Taiwanese Fish Head and Chinese Herbs Hot Pot, and Chicken, Old Ginger and Black Sesame Oil Casserole, as well as authentic hot pot flavors from Guangdong, Sichuan, and Shandong provinces. Not to be outdone, Thai Tom Yum Kung Seafood Hot Pot, Korean Army Stew, Singaporean Laksa Hot Pot, and Japanese Sukiyaki also join the line-up. Local favorites Cheng Chau Lam Kei and Hoi Ngan Hoi Kei will offer their famous aromatic Pork Bone Casserole with Chicken Feet and fresh Beef Hot Pot, promising to entice with their authentic flavors.

Autumn and winter set the stage for nourishing dishes, highlighted at the festival with well-known hot pots from various regions. A standout is the Braised Lamb Brisket Casserole from Wui Sik Fong – Lei Ka Choi, a classic favorite at past hot pot festivals and a Macau staple. It features succulent grass-fed Chinese black lamb, slow-cooked in a clay pot over charcoal for a subtle smoky aroma, enriched with water chestnuts and carrots. The lamb is infused with the chef’s homemade, additive-free sauce, making every bite flavorful and juicy. Du Hsiao Yueh introduces two traditional Taiwanese dishes, the Chicken, Old Ginger, and Black Sesame Oil Casserole, and the Pork Kidney, Liver, and Chinese Yellow Wine Casserole, both epitomizing a "nourishing and health-preserving" philosophy.

On the other side, classic hot pots from various Asian countries are also stepping into the spotlight, each showcasing a range of spicy flavors. The Thai Tom Yum Seafood Hot Pot from Wui Sik Fong combines sour, spicy, fresh, and sweet flavors with a mouth-watering aroma, perfect for the cold season. The Japanese Sukiyaki from Chi Sasa features high-quality American beef short ribs and a variety of ingredients that absorb the beef’s essence and sweet soy sauce, resulting in a rich and aromatic dish. The Korean Army Stew from Apgujeong by Kim’s Korean Cuisine has a unique base and includes various ingredients like kimchi, pork, and cheese, paired with chewy Korean ramen, popular among young people for its rich flavors and unique spiciness.

Broadway Food Street also stands out as one of Macau’s select open-air culinary avenues. Bathed in gentle lighting and enveloped in an enchanting atmosphere, it serves as an inviting space for friends and family to convene, savoring the conviviality of the season amidst a lively throng and the fragrant plumes of steam rising from simmering hot pots.

Broadway Macau Authentic Hot Pot Festival makes a grand return

Macau, Cantonese, Sichuan, Taiwanese, Thai, Japanese — enjoy over 50 sizzling hot pots all on one street

The warm and hearty Chicken, Old Ginger, and Black Sesame Oil Casserole

The classic Thai Tom Yum Seafood Hot Pot adding a zesty twist to the hot pot festival

About Galaxy Macau Integrated Resort

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the "Most Spectacular Entertainment and Leisure Destination in the World". Developed at an investment of HK$43 billion, the property covers 1.1 million square metres of unique entertainment and leisure attractions that are unlike anything else in Macau. Six award-winning world-class luxury hotels provide close to 4,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575 metres, the largest Skytop Wave Pool with waves up to 1.5 metres high and 150-meter pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz-Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000 square meters, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, a 10-theatre 3D Cineplex boasting 4K laser projection; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 different Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.

Galaxy Macau is set to begin a new chapter, with the opening of two world-class luxury hotels – Raffles at Galaxy Macau and Andaz Macau. Galaxy International Convention Center (GICC)is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000 sqm of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit www.galaxymacau.com, www.broadwaymacau.com.mo and www.galaxyicc.com.

For Media Enquiries:

Galaxy Entertainment Group – Media Relations, Marketing Services
Ms. Vicky Wu / Ms. Jennifer Hong / Ms. Karen Ng
Tel: +853 8883 8111 / +853 8883 8128 / +853 8883 8140
Email: mediarelations@galaxyentertainment.com

Source : Broadway Macau Hot Pot Festival Makes a Grand Return

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MUMBAI, India, Nov. 3, 2023 /PRNewswire/ — Sephora, the world’s leading omni-channel prestige beauty retailer, announced a partnership with Reliance Beauty & Personal Care Limited, a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL) to advance their shared ambition to develop and define the future of prestige beauty retail in India. The partnership gives RRVL exclusive rights to build and enhance Sephora‘s presence in India across channels.

Since its first foray into India in 2012, Sephora has leveraged its unique brand and product curation capabilities and strong point of view on beauty and experiential retail to cater to the beauty needs of India’s vast consumer base.

"We are tremendously excited to partner with the largest retail group in India to step-change our business. Rising affluence, increasing urbanisation and the proliferation of social media have driven greater awareness of self-care and beauty, unlocking major opportunities for prestige beauty. It is an opportune time for us to invest in expanding our presence, and bring new, exciting, and exclusive brands to delight our growing community of beauty enthusiasts," Alia Gogi, Asia President, Sephora. "We are equally grateful to Arvind for their partnership over the past eight years to get us positioned for the next stage of growth."

"We are excited and proud to partner with Sephora, a global leader in beauty. The burgeoning Indian beauty market is being propelled by a new generation of customers with a strong desire to express their individuality, rising aesthetic refinement and a growing number of women in the young workforce of India. The Indian consumerism journey is at a tipping point, providing the perfect tail wind to this partnership. Importantly this partnership will help us straddle across the value chain in beauty and personal care segment," said V Subramaniam, Director, Reliance Retail Ventures Limited.

As part of the partnership with Sephora, Reliance Beauty & Personal Care Limited will take over the current India operations of Sephora‘s 26 stores across 13 cities from Arvind Fashions Limited, as it sets in motion a plan to expand Sephora‘s presence in the country. During this period of transition, the stores and website will be operating business as usual. Reliance Beauty & Personal Care Limited operates the beauty business for RRVL and this partnership will boost its portfolio of offerings.

The Indian beauty and personal care market pegged at USD 17 bn and set to grow at a 11% CAGR, is still believed to be in its infancy; positioning India as one of the largest untapped consumer markets globally. Not only is RRVL the largest retailer in India and one of the fastest growing globally, it also uniquely combines deep consumer insights with unparalleled customer access, both offline and digitally.

ABOUT SEPHORA:

Sephora is the world’s leading global prestige beauty retail brand. With 46,000 passionate employees operating in 35 markets, Sephora connects customers and beauty brands within the world’s most trusted and dynamic beauty community. We serve a highly engaged community of hundreds of millions of beauty followers across our global omnichannel network of more than 2700 stores and iconic flagships, and our e-commerce and digital platforms, offering personalized and immersive seamless experiences across every touchpoint. With our curation of close to 300 brands and our own label, Sephora Collection, we offer the most unique and diverse range of prestige beauty products, tailored to our customers’ needs from fragrance to make-up, haircare, skincare and beyond, as we constantly reimagine the world of prestige beauty. 

Since our inception in 1969 in Limoges, France, and as part of the LVMH Group since 1997, we have been disrupting the prestige beauty retail industry. Today, we continue to break with convention to drive our mission to expand the way the world sees beauty.

ABOUT RELIANCE RETAIL VENTURES LIMITED (RRVL): 

RRVL, through its subsidiaries and affiliates, operates an integrated omni-channel network of over 18,650 stores and digital commerce platforms across Grocery, Consumer Electronics, Fashion & Lifestyle and Pharma consumption baskets and has partnered with over 3 million merchants through its New Commerce initiative. Reliance Retail Limited, a subsidiary of RRVL, is the only Indian retailer in the global Top 100 and amongst the fastest growing retailers globally as per Deloitte’s Global Powers of Retailing 2023.

RRVL reported a consolidated turnover of ₹ 260,364 crore ($ 31.7 billion) and net profit of ₹ 9,181 crore ($ 1.1 billion) for the year ended March 31, 2023.

Source : SEPHORA TIES UP WITH RELIANCE RETAIL VENTURES LIMITED TO TRANSFORM INDIA'S PRESTIGE BEAUTY RETAIL SEGMENT

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SHENZHEN, China, Nov. 3, 2023 /PRNewswire/ — WeBank, the world’s leading digital bank, has been featured in the Digital Lending Can Turn the Dial on Financial Access for MSMEs report, recently published by the ASEAN Business Advisory Council (ASEAN-BAC) and Boston Consulting Group (BCG). The report recognizes WeBank’s performance of delivering Openhive-based distributed digital banking services to ensure a secure, fast and exceptional digital customer experience for MSMEs (micro, small and medium-sized enterprises).

The report reveals how digital banking customers have direct access to manage their banking needs, usually accessible through mobile phones, instead of relying on a teller in traditional bank branches. WeBank’s online and unsecured MSEMs loan service "Weiyedai" is a typical case.

An efficient core banking system is the cornerstone of a well-functioned digital bank. Behind the branchless service, WeBank’s distributed core banking system is working consistently. Starting from its inception, WeBank has adopted fully distributed technologies to build the first distributed core banking system in China. Because of its similarity to the natural beehive, WeBank calls this set of financial-grade distributed technologies Openhive.

Openhive

While serving hundreds of millions of individual customers and MSMEs, Openhive enables WeBank to be flexible and scalable to support over 1 billion daily peak transactions. Its record time from new product ideation to live launch is 10 days. The Openhive-based core banking system also leads to affordable equipment and maintenance costs, no branch operation costs and low labor costs. Thus, the bank is enabled to provide 24×7 seamless services (over 99.999% product availability) to a rapidly growing customer base. Its annual IT operation and maintenance cost per account is only 0.3 US dollars/year, roughly one-tenth of the industry average. With the cost-effective banking system, WeBank is able to navigate the innovative path of sustainable inclusive finance.

Besides the successful case of WeBank, the Openhive solution has been adopted by top digital banks in Southeast Asia. Openhive enables them to build distributed core banking systems that could support sustainable inclusive finance to their longtail unbanked and underbanked market. By unleashing the power of collaboration with leading-edge technologies, Openhive is enabling innovators to achieve more.

About Openhive

Openhive is a digital banking solution powered by WeBank, that utilizes a series of distributed technologies to serve inclusive finance. It enables leading digital banks to provide sustainable inclusive finance to the market with competitive advantages, such as high performance, high agility, high availability, high security, high modularity and high efficiency.

About WeBank

Launched in 2014, WeBank Co., Ltd. ("WeBank") is the first privately-owned bank and digital bank in China. WeBank provides more convenient financial services to micro-, small- and medium-sized enterprises (MSMEs) and the general public, and continuously improves the quality of services in response to customers’ specific needs. As one of the top 100 banks in China, WeBank now ranks 284 in Top 1000 World Banks by The Banker. By June 2023, WeBank has served over 370 million individual customers and over 4.1 million MSMEs.

WeBank focuses on innovation and technology. As the first commercial bank to obtain the national high-tech enterprise certification in China, WeBank has maintained its proportion of technical personnel above 50% since its establishment, while its research and development expenses of accounted for around 9% of its revenue. WeBank is now at the top of the industry in core technologies such as artificial intelligence (AI), blockchain, cloud computing and big data.

Source : WeBank's distributed tech brand "Openhive" is unveiled in a recent BCG report

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Smart Power Supply, Indoor Navigation, GBA Cargo Track-and-Trace Solution Celebrated

HONG KONG, Nov. 3, 2023 /PRNewswire/ — Steered by the Office of the Government Chief Information Officer and co-organised by GS1 Hong Kong, the Hong Kong ICT Awards 2023 – Smart Mobility Award Presentation Ceremony was held today. The award has three categories: Smart Tourism, Smart Logistics, and Smart Transport. They are selected by evaluation and one-by-one interviews by the Assessment and Judging panels. Gold, Silver, and Bronze Award  and certificates of merit are awarded to the contestants based on their performance.

Ms. Anna Lin, Chief Executive of GS1 Hong Kong (white blazer in the middle) and the HKICT Awards – Smart Mobility Award winners.

This year, TriTerra Technology Limited won the "Grand Award of the Smart Mobility Award" and the "Smart Mobility (Smart Tourism) Gold Award" with its "Kaihon1000 Smart Power Station". Size of a handbag, the portable power supply has 7 power sockets to support the needs of different electrical appliances (such as mini refrigerators, cooking stoves, etc), suited for occasions like camping, extended outdoor work (such as filming), and during power outages at home. In addition to the solar charging function that helps prolong usage, it is equipped with IP55 water- and dust-proof features and users can remotely connect, operate and monitor operation using a mobile phone. The judging panel agreed that it is a practical and environmentally friendly solution, with immense potential to expand into the global markets.

Other cutting-edge winning entries include the first mobility solution that monitor the journey of Greater Bay Area cargo transshipment, characterised by its blockchain and emerging mobile technologies use; also the smart mobility app that utilises spatial data to provide indoor and outdoor navigation for the visually impaired and the needed, offering a barrier-free navigation experience with uninterrupted voice guidance. The list of Smart Mobility awardees is shown below. Please visit here for details of the winning entries: https://www.gs1hk.org/sites/default/files/2023-10/SMA_2023.pdf

The award winners will have the opportunity to represent Hong Kong to compete in the "13th Guangdong-HK-Macau IoT Competition" with a few dozens of contestants from mainland China. Hong Kong representatives have achieved great results in this competition before, for example 2 entries won the "Best IoT Application" and the "Best IoT Innovation" last year, indicating that local innovative technologies and solutions can shine bright in and out of Hong Kong.

Anna Lin, Chief Executive of GS1 Hong Kong, congratulated the winners and is pleased to see the robust I&T development and adoption of creative applications in the city. "This year, we applaud beyond the public and private sector winners, but also celebrate the creative mind of individual who have fostered a culture of innovation in smart mobility. The winning entries are tuned in to today’s environment, some by incorporating low-carbon, sustainability elements, while some tap into the GBA growth opportunities, addressing the current issues and trends. GS1 Hong Kong will continue to work closely with the Government and the industry partners to drive digital innovation and support Hong Kong’s development into a world-class smart city."

Download Photos: https://gs1hongkong.box.com/s/9q7jkqxkz3fzfbhmmrny1rnuj3dztkdn 

Hong Kong ICT Awards 2023 – Smart Mobility Award winners list (In alphabetic order by company / organisation name):

Category

Award

Organisation

Winning Entry

Smart Mobility

Grand

TriTerra Technology Limited

Kaihon1000 Smart Power Station

Smart Tourism

Gold

TriTerra Technology Limited

Kaihon1000 Smart Power Station

Silver

Electrical and Mechanical Services Department (EMSD)

Location Tracking System for Hikers at Remote Areas

Bronze

FansWave Limited

FansWiFi – Social WiFi Marketing Platform

Merit

FREED Group Limited

HARMONY Corporate Service Solution (HARMONY CSS)

Merit

Lik On Technology Limited

VR Life Never Stops

Smart Logistics

Gold

Airport Authority Hong Kong / Accenture Company Limited

HKIA Cargo GBA Sea-air Transshipment Facilitation Application

Silver

Geek+ / Hongkong Post

Robotic Packet Sorting System

Bronze

GP Electronics (HK) Limited / BPS Global Management Limited

The Smart Logistics System in GP Electronics Huizhou Factory

Merit

FreightAmigo Services Limited

FreightAmigo – Financing, Insurance, Logistics in One Platform

Smart Transport

Gold

Maphive Technology Limited / Spatial Data Office, Development Bureau / Energizing Kowloon East Office, Development Bureau

Smart Navigation Tool for The Visually Impaired/People In Need

Silver

The Kowloon Motor Bus Company (1933) Limited

Digitally connected bus service via all-in-one, App1933

Bronze

Hong Kong Observatory

Estimation of Standing Water Conditions on Airport Runways

Merit

HOU Wai Man

Routejam

Merit

Locolla Limited / Transport Department, The Government of the HKSAR

Smart Shared Power-assisted Pedal Cycle Platform

Please visit here for details of the winning entries: https://www.gs1hk.org/sites/default/files/2023-10/SMA_2023.pdf

For details about "Smart Mobility Award", please visit here: https://www.gs1hk.org/SmartMobilityAward

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong is the local chapter of GS1®. GS1 Hong Kong’s mission is to empower businesses of their digital transformation, improve supply chain visibility and efficiency, ensure product authenticity, facilitate commerce connectivity and enable sustainable value chain through the provision of global supply chain standards (including GTIN & barcodes), and a full spectrum of platforms, solutions and services.

GS1 Hong Kong currently supports close to 8,000 corporate members from 20 sectors including retail & consumer packaged goods, food & beverage and food services, healthcare, apparel & footwear, logistics & ICT. By working closely with communities of trading partners, industry organizations, government, and technology providers, we can foster a collaborative ecosystem, paving the way for "Smarter Business, Better Life".

As a non-profit organization, GS1 develops and drives global adoption of supply chain standards. Headquartered in Brussels, Belgium, GS1 has over 115 national chapters in 150 countries.

Website：www.gs1hk.org

Source : Hong Kong ICT Awards 2023 – Smart Mobility Award Winners Unveiled

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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