SHANGHAI, Nov. 3, 2023 /PRNewswire/ — The world’s first maritime renewable energy project that combines deep-sea floating wind energy and aquaculture has been completed in China. Marking a significant step forward for China’s wind energy sector, the project is developed by Longyuan Power Group, with Shanghai Electric Wind Power Group (the Wind Power Group), a subsidiary of Shanghai Electric (SEHK: 2727, SSE: 601727), providing the power generation equipment and towers of the offshore turbines.

Equipped with Shanghai Electric’s Offshore Tribune, World’s First Deep-Sea Floating Wind Energy Project Integrated with Marine Ranching Completes.

As wind power has emerged as a fundamental pillar in the combat against the climate crisis, the Wind Power Group is speeding up its innovation, driving the frontier of global renewable energy technology as a key power source to help create a sustainable future. Since the creation of its 3.6-megawatt wind turbine, the Company has cemented its leadership position in the arena of onshore and offshore wind energy, spearheading a number of major projects in China in the quest for new applications of wind energy that address the challenges and development bottlenecks of the industry.

With the deployment of offshore wind power extending beyond coastal regions into deep-sea locations, Shanghai Electric Wind Power Group is fully prepared to lead the way in the development, installation, and operation of floating wind power and deep-sea wind power projects, equipping itself with state-of-the-art technology and leveraging its extensive expertise to create solutions for multi-purpose new energy infrastructure.

Built within the National Marine Ranching Demonstration Zone on Nanri Island, located in Putian, Fujian Provence of China, the project features three-column semi-submersible floating platforms, each one supporting a 4 MW offshore wind, and lightweight, flexible solar modules that are installed in the area with a water depth of around 35 meters. A hexagonal space within the platform’s central area can be used for fish farming.

Once operational, the mixed energy project has the capacity to generate 96,000 kWh of electricity daily at full capacity, equivalent to the daily energy consumption of 42,500 individuals. The pioneering convergence of wind power, photovoltaics, and aquaculture presents a new horizon for the industry to develop sustainable and green renewable solutions designed to reduce carbon emissions while boosting economic growth.

On the safety front, Shanghai Electric Wind Power Group uses a multi-pronged approach to ensure the reliability of the project throughout its entire lifecycle. During the phase of the preliminary design, the Company established an integrated model that was confirmed through a multi-round consistency analysis. Other measures, including simulation result comparisons across various platforms and the development of control algorithms in partnership with DVN, have also strengthened the safety and reliability of the project.

The entire project has also undergone an extensive range of rigorous testing across nearly 200 operational conditions, including a 1:40 scale model used for examining the fishing pond. The Company also developed a custom-built intelligent terminal system for floating wind turbines, enhancing reliability to ensure the safe and consistent operation of the turbines while maximizing wind utilization.

Source : Equipped with Shanghai Electric's Offshore Tribune, World's First Deep-Sea Floating Wind Energy Project Integrated with Marine Ranching Completes

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SINGAPORE, Nov. 3, 2023 /PRNewswire/ — Musim Mas announced the release of four new oil palm varieties with potential yields of over 10 tons of total oil/hectare, which are nearly three times higher than the industry average of 3.25 tons of CPO/hectare. A result of 11 years of non-GMO genetic research, the new seed varieties can potentially yield fruiting palms within 25 months in contrast to the industry average of 30 months.

Musim Mas staff at an event to commemorate the launch

With the challenge of meeting the world’s demand for oil and fats against the need to preserve forests, the Musim Mas Group invests heavily in genetic and agronomic research to improve yields without increasing planted areas. The release of these top-performing varieties is the latest fruit of these efforts. To help smallholder farmers improve and achieve better yields and livelihoods, Musim Mas will also provide these new seed varieties to scheme smallholder farmers it supports through the Kredit Koperasi Primer Anggota (KKPA) program.

Dubbed the Musim Mas GS Series, the new seeds are of the dura x pisifera (DxP) variety, and four separate varieties were released by The Group: GS1, GS2, GS3, and GS4. These varieties have been approved by the Indonesian government’s assessment body for plantation varieties (TPV). The varieties were also developed four years faster than a typical breeding program, demonstrating the strength of Musim Mas’ R&D efforts.

"At Musim Mas, our strategy is to increase our production through improved yields and not land expansion. This ideology is a key part of how we see our role as a responsible palm oil producer. With the world’s population expected to cross 9 billion by 2050, we hope the Musim Mas GS series will play a valuable role towards improved yields in the long term," said Mr. TK Lim, Director of Strategy and Planning.

The GS Series is an important contributor to Musim Mas’ role as a leading seed-to-shelf agribusiness and will also potentially yield oil palms with longer stalks, which makes harvesting easier, yields bigger fruitlets, and provides excellent CPO extraction rates of 30%.

Contact:
[email protected]

Source : Musim Mas Releases New Oil Palm Seed Varieties that Yield Nearly Triple the Industry Average

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HONG KONG, Nov. 3, 2023 /PRNewswire/ — Hong Kong FinTech Week 2023 (HKFW), a premier annual event in Asia’s fintech sector, is taking place from October 30 to November 5.

LianLian Global, a brand owned by LianLian DigiTech, has once again been invited to participate in HKFW, at which the digital technology firm is showcasing its global digital payment solutions. 

Securing a Hong Kong Money Service Operators (MSO) license, one of the significant payment licenses the firm obtained early on, LianLian Global is permitted to engage in foreign exchange activities within the jurisdiction. Through its Hong Kong subsidiary, the firm remits global funds and, utilizing fintech methodologies, settles them with its Chinese cross-border e-commerce clients. This initiative aims to empower Chinese companies in international trade to execute global payments and collection securely, efficiently, and conveniently. For local businesses in Hong Kong, LianLian Global also provides cross-border remittance, collection, and international credit card acquiring services.

Furthermore, LianLian Global continues to strengthen its partnerships with local financial and affiliated institutions in Hong Kong. By examining innovative business strategies, the firm is well-positioned to assist corporate customers in their digital transformation and international expansion.

LianLian Global is also capitalizing on the opportunities presented by the Belt and Road Initiative (BRI) and the development of the Guangdong-Hong Kong-Macao Greater Bay Area. By harnessing Hong Kong’s talent pool and innovative business landscape, alongside its own formidable service capabilities, the firm aims to deepen and broaden collaboration between Hong Kong and Mainland China. In particular, LianLian Global aids mainland Chinese and Hong Kong businesses in penetrating markets within ASEAN, Central Asia, and other regions aligned with the BRI. Concurrently, the firm is leveraging its robust localized service capabilities to assist businesses from BRI nations in accessing both Chinese and global markets.

As of the end of 2022, LianLian DigiTech had secured 64 payment licenses and corresponding credentials globally, servicing approx. 1.8 million clients across a spectrum of industries, including e-commerce, retail, etc. Its services extend to over 100 countries and regions, accommodating transactions in more than 130 currencies. In 2022, total payment volume (TPV) for digital payment services surpassed 1.153 trillion yuan. Based on data from Frost & Sullivan, LianLian DigiTech emerged as China’s leading independent provider of digital payment solutions in 2022 in terms of TPV, capturing 9.1% market share by TPV.

Source : LianLian Global Showcases Global Digital Payment Solutions at Hong Kong FinTech Week 2023

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Engaged in various CSR activities in October, with emphasis on support for college students Comprehensive CSR initiatives: Nurturing youth entrepreneurship and enriching college students’ cultural experience

SEOUL, South Korea, Nov. 3, 2023 /PRNewswire/ — KT&G, a global company headquartered in South Korea, carried out various CSR activities in Indonesia in October to further celebrate the 50th anniversary of diplomatic relations between Indonesia and South Korea.

Since 2017, KT&G has been running ‘SangSang Univ.’, a social contribution channel and extracurricular community for college students centered in Jakarta. Under the SangSang Univ. program, KT&G opened ‘Univ. Zone’ at two colleges in Jakarta to help capacity building of college students. ‘Univ. Zone’ is a community center for college students that offers various cultural programs and educational classes for free. KT&G has also been running CSR platforms, such as Korean Language Center and Vocational Training Center, enabling the company to provide sustainable support for college students.

KT&G’s efforts to increase support for Indonesian college students were prominently displayed throughout the month of October as this year marks the 50th anniversary of diplomatic relations between Indonesia and Korea.

First, KT&G hosted ‘SangSang Festa’ on October 27th, a festival in which college students could experience diverse cultural programs and interact with each other freely. The event was held at UNJ and featured different programs, including live performance by popular singer Brisia Jodie and vocal and dance performances by those who took K-Pop vocal and dance lessons from SangSang Univ. classes. Korean culture booths, offering opportunities to experience traditional Korean games, were also set up. The festival attracted over 1,000 participants, leading to the success of the event.

KT&G also held ‘IR Pitching Day’ for college students aspiring to become entrepreneurs on October 28th at UNTAR University in Jakarta. The IR Pitching Day was part of the entrepreneurship program called ‘SangSang Startup School’ KT&G held for college students over the past few months. 15 teams were selected from SangSang Startup School to participate in the final pitching round, after going through startup idea competition, entrepreneurship education, and mentoring sessions. These 15 teams presented their own startup ideas under the theme of ‘environment protection, revitalizing local economy, overcoming educational inequality’ at IR Pitching Day and received feedback from real-life entrepreneurs. Cash prizes and gifts were also handed. 47 million Rupiah scholarship was granted to the highest ranking team.

KT&G hosted entrepreneurship competition for Indonesian college students last year as well. Last year’s competition took place under the theme of ‘revitalizing the local economy by supporting small and medium-sized enterprises’. Scholarships were granted to the finalists of five teams.

KT&G has been operating a local subsidiary in Indonesia from 2011 and since then, the company has actively engaged in various social contribution activities, contributing to the development of local communities in Indonesia. As this year marks the 50th anniversary of diplomatic relations between Korea and Indonesia, the company has placed a strong emphasis on initiatives aiming at strengthening friendship between the two countries. KT&G dispatched a group of Korean college student volunteers to Indonesia in July, where they helped rebuild an elementary school in Bogor region for ten days. In September, KT&G held a joint Indonesian-Korean plogging (a combination of jogging and trash pick-up) event at the GBK Stadium area in Jakarta, which attracted over 1,000 participants.

"KT&G, employing approximately 4,400 employees in Indonesia, is actively engaged in job creation for the local community as we hire 99% of our employees from locals. We will continue our steadfast social contribution activities in Indonesia and keep nurturing future generations of the country," said Young Ah Shim, head of KT&G Social Contribution Office.

KT&G hosted ‘SangSang Festa’ on October 27th, a festival in which college students could experience diverse cultural programs and interact with each other freely. The picture shows popular singer Brisia Jodie performing at the festival.

KT&G held ‘IR Pitching Day’ for college students aspiring to become entrepreneurs on October 28th at UNTAR University in Jakarta. The picture shows participants who participated in IR pitching.

Source : KT&G strengthens support for Indonesian college students in light of the 50th anniversary of Indonesia-Korea diplomatic relations

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SINGAPORE, Nov. 3, 2023 /PRNewswire/ — The General Insurance Association of Singapore (GIA) has revealed alarming statistics, estimating that fraudulent motor claims make up about 20 percent of all motor insurance claims in Singapore. These deceptive claims often involve exaggerated injuries and inflated vehicle damage.

The complexity of these scams extends to organised crime syndicates staging traffic accidents and recruiting numerous individuals to take part in their fraudulent endeavours. These participants are frequently unaware of their involvement in a more extensive syndicate’s activity.

In response to this growing issue, the GIA has now taken a significant step to raise awareness by releasing an eye-opening video outlining the disturbing tactics used by these fraudsters and includes steps motorists can take to protect themselves.

Budget Direct Insurance, a trusted name in the insurance industry, is wholeheartedly supporting this initiative to combat motoring touting. The rise in such activities has far-reaching implications, not just for insurers but also for all motorists in Singapore.

Simon Birch, CEO of Budget Direct Insurance, emphasizes that insurance fraud is a persistent and far-reaching concern. While insurance companies employ advanced technologies including AI to combat these fraudulent activities, he underscores the vital role of individual vigilance in safeguarding against potential scams.

Fraud impacts not only insurers but also consumers directly. The increased claims payouts, stemming from these deceitful activities, inevitably translate into higher premiums for policyholders. Moreover, the operational costs incurred by insurance companies in combating fraud are indirectly reflected in the annual premiums paid by policyholders.

Simon Birch remarked, "Insurance fraud is a persistent concern with wide-ranging consequences. While insurers deploy advanced technologies to combat fraud, it is vital for individuals to be vigilant and aware of potential scams to protect themselves. At the end of the day, all motorists are victims to motoring insurance fraud as we’re all having to pay higher premiums as a result."

A case in point is one of the largest motor fraud cases reported in Singapore, involving an auto workshop owner orchestrating fraudulent claims amounting to S$1.6 million. This complex scheme revolved around the owner and his accomplice staging fake accidents and recruiting individuals to file fraudulent claims for accidents they were supposedly involved in. Shockingly, these fraudulent claims went undetected for four years across 13 insurance companies.

"Staying informed is the first line of defence against insurance fraud. We strongly encourage everyone to watch this brief GIA video and gain valuable insights into the deceptive strategies used by touters," Birch added.

Reported motoring scam scenarios in Singapore include:

Beware of Phoney Helpers: After an accident, individuals may offer "help" and exert pressure on victims to comply with their demands, often directing them towards unauthorised repair workshops or towing services that overcharge.

Staged Accidents: Scammers may stage accidents, causing victims to collide with their vehicles and then falsely accuse victims of causing the collision. They often fake injuries and make substantial claims for collision and injuries.

Phoney Witnesses: Suspect convenient witnesses who corroborate the other driver’s account, which often suggests a staged accident.

To protect themselves from car insurance fraud, motorists can take the following steps:

Install a Dashboard Camera: Installing a dashboard camera provides real-time video evidence of accidents, which can be invaluable in proving your case to insurers, the police, or legal authorities.

Report the Accident Quickly: Promptly reporting accidents to the police and your insurer allows you to control the flow of information, ensuring that accident details are recorded fairly and in a timely manner.

Use Your Insurer’s Authorised Workshop: After an accident, avoid using towing services or workshops recommended by strangers, especially immediately after the incident.

Report Fraud: Report any actual or suspected insurance fraud cases to your insurance company or to the General Insurance Association of Singapore (GIA) online.

Watch the GIA video here.

Eye-opening video by the General Insurance Association of Singapore (GIA) aimed at raising awareness about the concerning rise in touting activity among motorists.

For comprehensive information and resources on protecting yourself from car insurance fraud, please visit these related resources at https://www.budgetdirect.com.sg/blog/ceo-message/beware-of-car-insurance-touters

About Budget Direct Insurance

Budget Direct Insurance is an award-winning online digital insurance company for car, motorcycle, and travel. It is part of an international group which provides insurance solutions for millions of policyholders worldwide. Their brands include Compare the Market in the UK, Budget Direct in Australia, and Telesure in South Africa.

Source : Budget Direct Insurance: Renewed Calls for Motorists to Stay Vigilant Against Motoring Touters

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SINGAPORE, Nov. 3, 2023 /PRNewswire/ — Mogul.sg, a recently launched online platform that is revolutionizing the Singapore property market by offering a groundbreaking 0% sales commission, is pleased to announce its strategic partnership with HomeMatch. This innovative collaboration aims to empower homeowners throughout the real estate and home renovation journey.

Mogul.sg’s pioneering move in Southeast Asia’s bustling real estate scene, made possible through cutting-edge technology, democratizes the selling process. The platform leverages geospatial data and advanced tools to provide homeowners with invaluable insights and substantial cost savings. Within the Mogul.sg portal, users can swiftly compare property prices within the same neighborhood and gain a comprehensive understanding of the natural light each property receives daily. Mogul.sg’s ‘M-Value’ feature utilizes machine learning algorithms to assess various geographical and transactional factors, generating an accurate estimated property valuation.

To streamline the selling process, Mogul.sg pairs home sellers with dedicated property concierges armed with data tools and insights. This personalized support reduces the complexities associated with listing a property for sale, making the 0% sales commission a reality. The property concierges offer a complete range of tailored selling services to empower homeowners.

Recognizing the synergies between real estate and home renovation, Mogul.sg has sought out a strategic partnership with HomeMatch, a trusted renovation platform. This partnership expands the value chain by guiding homeowners through the entire home buying process using their combined proprietary technology and trust mechanisms.

Mogul’s Managing Director, Simon Yio, eagerly anticipates the transformative potential of this collaboration.

"Our partnership with HomeMatch.sg significantly simplifies the real estate and renovation journey for homeowners by seamlessly integrating their renovation expertise with our property listing platform. This collaboration streamlines the process, offering substantial benefits to HomeMatch and consumers alike, making it more efficient and convenient."

HomeMatch, like Mogul.sg, is driven by technology and systematic interventions. The renovation industry, notorious for its lack of transparency and accountability, has consistently ranked among the top three most complaint-prone sectors in the past decade. Recognizing the need for change, HomeMatch has emerged as the safest and smartest way to connect homeowners with trusted renovators. As a testament to their commitment to credibility, HomeMatch is an official partner of CaseTrust (Consumers’ Association of Singapore’s accreditation arm) and exclusively onboards CaseTrust-accredited renovators with at least 4+ star reviews. To date, HomeMatch’s extensive database comprises nearly 500 individual renovators, making them Singapore’s largest database of individual designers from CaseTrust-accredited companies.

One of the most unique aspects of HomeMatch is its advanced algorithm, which considers over 400+ data points to match homeowners with specific renovators who align with their specific needs. This eliminates the need for homeowners to engage in exhaustive showroom hopping, renovation expos, and waste time meeting renovators who may not be the right fit.

The strategic partnership between Mogul.sg and HomeMatch stems from a shared commitment to empower homeowners to make smarter decisions, providing a safer and more informed journey throughout the real estate and home renovation process. HomeMatch will be seamlessly integrated into the Mogul.sg platform, providing users with direct access to its services. It will also be strategically featured at key points in the home buying journey, enhancing the overall user experience."

HomeMatch’s Co-Founder, Mervin Foo, is enthusiastic about the collaboration with Mogul.sg.

"More collaborative initiatives are on the horizon. Together, we’re committed to creating a holistic and intelligent solution that empowers homeowners to navigate the complexities of real estate and renovation seamlessly."

For more information, visit www.mogul.sg and https://www.homematch.sg

About Mogul.sg

MOGUL.sg is a Singapore-based PropTech company that harnesses geospatial data insights to improve productivity and to create hyperlocal, personalised experiences for respective real estate stakeholders. Utilising cutting-edge tech in our products such as our 3D Map and DataSuite, MOGUL’s vision is to transform and radicalise the real estate journey for each and every individual.

About HomeMatch.sg

HomeMatch matches Homeowners with Specific Renovators based on their Specific Needs using a sophisticated algorithm that considers over 400 data points – they’re Singapore’s only and largest database of almost 500 individual designers from CaseTrust-accredited companies.

Source : "Mogul.sg and HomeMatch Announce Strategic Partnership to Revolutionize Real Estate and Renovation Services, Helping Homeowners Make Smarter Decisions"

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BEIJING, Nov. 3, 2023 /PRNewswire/ — On October 30, 2023, the final and award ceremony of the 16th Chinese Bridge-Chinese Proficiency Competition for Foreign Secondary School Students as well as the 3rd Chinese Bridge-Chinese Show for Foreign Primary School Students were held in Kunming, the capital of southwest China’s Yunnan Province.

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168 primary and secondary students from 97 countries showed off their Chinese language proficiency through the "Chinese Bridge", blooming youthfulness. 

The finals feature champions from five continents vying for global recognition. The competition comprises various segments, including a knowledge-based question round and a talent show.

Daniel from the Russian region took home the global championship title in the 16th "Chinese Bridge" World Middle School Student Chinese Competition, while BaiAili from Montenegro won the global championship in the 3rd "Chinese Bridge" World Primary School Student Chinese Show.

The "Chinese Bridge" is an annual international competition in which non-Chinese students demonstrate their comprehensive ability to use the Chinese language and their knowledge of Chinese culture.

This year’s "Chinese Bridge" combines study tour, language and cultural assessment, and interactive experience, which integrates Chinese proficiency competition and cultural experiencing.

Since its inception in 2002, the competition has attracted more than 1.5 million young people from over 160 countries and regions around the world to participate.

Source : CCTV+: Global Talents Shine in Kunming: Winners Crowned in the 16th Chinese Bridge Language Competition for Foreign Students

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The knowledge base solution upgrades to a new version with powerful AI- powered features and enhancements to the product.

LONDON, Nov. 3, 2023 /PRNewswire/ — Document360, one of the leading knowledge base platform for creating technical documentation and help articles has just announced its global 2.0 release.

Saravana Kumar, CEO & Founder, unveils Document360 2.0 global release

Saravana Kumar, CEO and Founder of Document360, unveiled the release at an event held at their headquarters on November 1, 2023.

Speaking about the launch, Saravana expressed that he is positive about the new upgrade. He says he is sure that creating your documentation will now become more seamless & quicker.

"AI and ChatGPT have ushered in a new era of innovation, and we were eager to harness their potential. Instead of hastily incorporating a group of AI features, we decided to pause, reflect, and meticulously consider the generative AI capabilities that would truly benefit our customers", he adds.

Some of the new features and enhancements includes, state-of-the-art block editor, advanced home page builder, contributor dashboard, rich analytics, AI-powered article recommendations, seamless integrations.

The highlight of Document360 2.0 is the new Generative AI solution ‘Eddy’ which provides an elegant way to interact with your knowledge base. Eddy is faster and it provides accurate response based on the reference articles for built-in trust.

"With 2.0, the product is completely reimagined with substantial improvements and an entirely new user interface with powerful features that are supercharged by AI. In response to valuable user feedback, we have fine-tuned the platform to ensure even greater stability that will ensure a hassle-free user experience". Says, Manikandan Subramaniam, Director, Engineering

Back in 2017, we recognized a gap within the self-service knowledge base space, and that’s when we introduced Document360. Since then, we’ve successfully solved self-service challenges for numerous businesses across the globe. We’ve actively heeded customer feedback and consistently delivered new features with utmost speed. However, as we raced to expand our product, we reached a juncture where it felt that the product required a much-needed upgrade.

Users can learn more about the new release here

About Document360

Document360 lets you create, organize, and share knowledge base articles, as well as track and analyze customer feedback and search analytics. It also includes features such as access control, versioning, and integrations with other tools such as Slack and helpdesk tools like Freshchat, Zendesk, etc.

It can be used by companies and teams of any size to improve their documentation process and provide better customer support.  

Source : Document360 launches their AI-First Self-Service Knowledge Base

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