Saturday, November 16, 2024
Home Blog Page 3500

Siam Piwat – Siam Paragon – ICONSIAM win 3 world-class awards at Global Brand Awards 2023, reinforcing leadership as one of the best global destinations

0

BANGKOK, Nov. 2, 2023 /PRNewswire/ — Siam Piwat Group, a leading real estate and retail business developer, the owner and operator of Siam Paragon, Siam Center, and Siam Discovery, and a joint venture partner of ICONSIAM, ICS, and Siam Premium Outlets Bangkok, has won three world-class awards at the Global Brand Awards 2023 in the United Kingdom. The prestigious accolades testify to the strength and capabilities of Siam Piwat as a global destination developer and its astounding success in introducing unique experiences to the luxury retail market, showcasing the unique Thai identity, Soft power, and inspiring people across the world. 

Siam Piwat – Iconic Developer of the Year for delivering experiences that exceed all expectations, underscoring its success as the developer of top-of-mind global destinations for visitors in Thailand and across the world. Siam Paragon – Best Luxury Lifestyle Mall, reinforcing its success in the luxury retail market as a premium shopping center that offers one of the most comprehensive arrays of luxury brands in the world. ICONSIAM – Best Cultural Attraction, highlighting its position as a world-class landmark that showcases the best of the best of Thailand and introduces the Thai identity and soft power to the global stage.

Ms. Mayuree Chaipromprasith, President of Corporate Affairs and Communications, Siam Piwat Co., Ltd., said, "Throughout its 64 years in business, Siam Piwat Group has always strived to develop shopping centers that are world-class landmarks that occupy the top-of-mind position among Thai and international visitors alike as well as to deliver experiences that exceed all expectations and set new standards for the industry. The awards serve as a testament to Siam Piwat’s success as a developer of global destinations. Our establishments are not merely shopping malls, but are lifestyles hubs for people of all generations that offer fresh experiences and inspiration and have garnered world-class recognition through the years."

"Throughout 18 years, Siam Paragon has reached the crest of success, and achieved ‘Top of mind’ position from all visitors. It remains strong as a leader in luxury retail that offers one of the most comprehensive arrays of luxury brands in the world. Meanwhile, ICONSIAM is celebrating its fifth anniversary in 2023 as a game-changer who has set new standards for the industry, guaranteed by numerous accolades from the world’s leading organizations. ICONSIAM becomes a new iconic landmark of Bangkok that combines all things that represent Thai identity, while embracing the best of Thailand and the best of the world, becoming a prototype of sustainable development project for mutual growth."

The Global Brand Awards is an annual prestigious event organized by Global Brands Magazine, a premier business and finance magazine, to honor exemplary models in the fields of branding, marketing, and customer engagement. The awards are given to companies with excellent performance across 24 categories, including finance, education, lifestyle, automotive, and technology. This year, over 18,000 companies were reviewed for award nomination.

Source : Siam Piwat – Siam Paragon – ICONSIAM win 3 world-class awards at Global Brand Awards 2023, reinforcing leadership as one of the best global destinations

>

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

Qatar Research, Development, and Innovation (QRDI) Council Elevates Qatar’s Open Innovation Status at SWITCH 2023

Qatar Research, Development, and Innovation (QRDI) Council Elevates Qatar's Open Innovation Status at SWITCH 2023

Announcing Qatar – Singapore Joint Innovation Challenges and Paving the Way for Global Collaboration

SINGAPORE – Media OutReach – 2 November 2023 The Qatar Research, Development, and Innovation (QRDI) Council, and Enterprise Singapore (EnterpriseSG), announced the Qatar – Singapore Joint Innovation Challenge (QSJIC) as part of its participation at the Singapore Week of Innovation and Technology (SWITCH), held in Singapore from October 31 to November 2, 2023. This collaboration signifies a historic moment in the global advancement of innovation and technology. The event was attended by HE Ambassador of the State of Qatar to Singapore Saoud bin Jassim Al Jufairi.

Panel discussion (from left to right): Dr. Francis Yeoh, Senior Advisor, QRDI Council, David Luong, Senior Manager IT – Digital Systems & Projects, MATAR, Nada M. Al-Olaqi, RDI Program Director, QRDI Council, Dr. Soud K. Al-Thani, Director of Green Development and Environmental Sustainability Department at Qatar’s Ministry of Environment and Climate Change | Opening remarks by Hind A. Zaki, International Partnerships Director, QRDI Council | Event attended by HE Ambassador of the State of Qatar to Singapore Saoud bin Jassim Al Jufairi
Panel discussion (from left to right): Dr. Francis Yeoh, Senior Advisor, QRDI Council, David Luong, Senior Manager IT – Digital Systems & Projects, MATAR, Nada M. Al-Olaqi, RDI Program Director, QRDI Council, Dr. Soud K. Al-Thani, Director of Green Development and Environmental Sustainability Department at Qatar’s Ministry of Environment and Climate Change | Opening remarks by Hind A. Zaki, International Partnerships Director, QRDI Council | Event attended by HE Ambassador of the State of Qatar to Singapore Saoud bin Jassim Al Jufairi

Three challenge statement owners, namely the Qatar Company for Airport Operation and Management (MATAR), Qatar Insurance Co. (QIC) Digital Venture Partners, and the Ministry of Environment and Climate Change (MoECC) have put up seven problem statements, seeking new ideas and solutions from Singapore-based companies in areas such as energy, sustainability, and insurtech.

The SWITCH flagship conference, organised by EnterpriseSG, is the leading startup festival in Asia that serves as a nexus for deep tech, and champions the growth of Singapore’s startup and innovation ecosystem by catalysing conversations and collaboration among eminent members of the global business and tech community.

The QRDI Council was established in 2018 to drive research, development, and innovation (RDI) efforts on a national level in line with the Qatar National Vision 2030 and the Second National Development Strategy (2018-2022). QRDI Council has developed its ten-year strategy, QRDI 2030, which seeks to create a locally empowered, globally connected RDI ecosystem, mobilizing leadership across government, academia, and industry to transform Qatar’s social and economic future. QRDI Council members include prominent national and international figures from various government and academic entities and industry experts.

Ms. Nada Al-Olaqi, RDI Program Director of the QRDI Council, who was on the panel discussion held as part of the QRDI Council engagement activities at SWITCH 2023, expressed her enthusiasm about this collaboration and participation, saying, “Our participation in SWITCH is a remarkable milestone in the QRDI Council’s journey. We are excited to join hands with Enterprise Singapore in launching the Qatar-Singapore Joint Innovation Challenge, to provide valuable opportunities for Singapore companies to offer their innovations to Qatari entities. This initiative is a testament to our commitment to driving innovation and growth for Qatar while strengthening our global partnerships.”

In collaboration with EnterpriseSG and SWITCH, the QRDI Council participated in a market access panel as well as a networking session with businesses, providing a platform for innovative ideas to burgeon into implementable solutions. The initiative commenced with a riveting Panel Discussion centered around the Qatar-Singapore Joint Innovation Challenge (QSJIC). Dr. Francis Yeoh, Senior Advisor to QRDI Council, adeptly moderated the session, engaging with panelists that are challenge owners of QSJIC – MATAR, and MoECC.

Their insightful discourse set an enlightening prelude to the subsequent Networking Session, aptly titled ‘Bridging Innovations: Qatar – Singapore Joint Innovation Challenges’, where potential Singapore solution providers scored the opportunity to engage the Qatari entities directly to understand their innovation needs. These innovation needs beckoned Singapore’s vibrant startup community and innovative minds to propose viable solutions, nurturing a collaborative ethos between Qatar and Singapore while accentuating the boundless prospects of open innovation.

Mr G. Jayakrishnan, Executive Director for South Asia, Middle East & Africa at EnterpriseSG, shared, “The joint innovation call will further deepen innovation collaboration between Qatar and Singapore. Singapore companies have relevant expertise in areas of energy, environmental sustainability, and insurtech, and we are confident that they can be effective partners to the participating Qatar entities in developing solutions and products which contribute to Qatar’s sustainable development goals.”

Winners of the QSJIC get to embark on pilot projects with the three challenge statement owners and will receive solution development support of up to SGD150,000 each.

To learn more about the QSJIC, please visit this link.

About the Qatar Open Innovation program

The Qatar Open Innovation (QOI) program has been the primary platform for startups and innovators to showcase products and solutions that address the nation’s most pressing challenges. Covering the five national priorities of energy, health, resource sustainability, society, and digital technology, as outlined in the QRDI Strategy 2030, the QOI program identifies opportunities for innovation collaborations to drive economic prosperity.

More on the QRDI Council in Singapore

The QSJIC is among the first activities between the QRDI Council and EnterpriseSG since the two parties signed a Memorandum of Understanding (MoU) in June 2023. This strategic partnership aims to stimulate cross-border collaboration and open innovation, propelling Qatar towards becoming an innovation and knowledge-based economy. The MoU underscores the commitment to promote joint innovation programs, events, and initiatives that benefit both Qatari and Singaporean enterprises.

Key highlights of the QRDI Council and EnterpriseSG MoU include:

  • Creation of product innovation and commercialization opportunities through unique challenge statements and proof-of-concept opportunities.
  • Cross-promotion of Qatar and Singapore innovation programs, events, and opportunities.
  • Knowledge exchange and expertise sharing to enhance innovation ecosystems.
  • Facilitation of connections, expansion of innovation opportunities, and access to global markets.

The QRDI Council, entrusted with developing and implementing the QRDI 2030 Strategy, is pivotal in strengthening Qatar’s innovation ecosystem. EnterpriseSG, a statutory board under Singapore’s Ministry of Trade and Industry, champions enterprise development and innovation in Singapore.

In August 2023, the QRDI Council has also entered into another MoU with the Public Utilities Board (PUB) in Singapore. This was signed when Prime Minister and Minister of Foreign Affairs of the State of Qatar, His Excellency Sheikh Mohammed Bin Abdulrahman Bin Jassim Al Thani, visited the city state at the invitation of the Prime Minister of Singapore, Mr. Lee Hsien Loong. This MoU focuses on initiatives to digitize small and medium-sized companies and incubation programs, further cementing the QRDI Council’s commitment to nurturing innovation and entrepreneurship.

The partnership with SWITCH, the groundbreaking collaborations established through the MoUs, and the upcoming QSJIC collectively underscore the QRDI Council’s dedication to fostering a culture of innovation and driving economic growth through technology and knowledge.

Appendix A: QSJIC Challenge Details

Airport Operations: MATAR (Qatar Company for Airport Operation and Management)
Playing a critical role in managing and operating Hamad International Airport (DOH) since the facility’s inception in 2014, MATAR continues to elevate the aviation industry with its renowned forward-thinking plans and investments – winning multiple awards and accolades.

The challenges from MATAR are as follows:

Challenge no. 1: ‘Recovery and Recycling of Sludge from Wastewater Treatment’
The challenge is to find innovative and economically viable solutions for the recycling and recovery of sludge produced by wastewater treatment plants, addressing issues such as environmental impact, resource recovery, and cost-effectiveness in alignment with MATAR’s commitment to sustainable sludge management.

Challenge no. 2: ‘Optimised Allocation of High Value and Limited Asset Resources’
The challenge is to harness deep reinforcement learning to revolutionize resource allocation strategies in transportation and logistics, aiming for a 10% increase in efficiency by optimizing high-value resources like planes, stands, trucks, and ships across various critical sectors, such as airports, seaports, and logistics centers, ultimately offering a cost-effective alternative to infrastructure expansion while considering multifaceted factors like customer experience and commercial considerations.

Challenge no.3: ‘Floating Solar Panels’
The challenge is to source for novel floating solar solutions that is durable against environmental factors, have an adaptive and resilient designs that can optimise the performance and stability in different conditions, and is able to achieve high level of efficiency.

Insurance: QIC (Qatar Insurance Co.)
Established in 1964, QIC is Qatar’s pioneering insurance company. With a leading presence in Qatar and a strong foothold in the GCC and MENA regions, it ranks among the largest insurers in the MENA area. QIC is publicly listed on the Qatar Stock Exchange with a market capitalization exceeding QAR 7 billion. Additionally, it is the first digital insurance company in Qatar and was honored as the top online insurance company in the Middle East at the 2022 Global Banking & Finance Review Awards.

The challenges from QIC Digital Venture Partners, a part of QIC Group, are as follows:

Challenge no. 1: ‘Any ESG Project that could impact positively or get impacted by Insurance Companies’
The challenge is to identify ESG issues that insurance can address as a value lever within various insurance sectors, with a focus on the MENA region or global applicability through reinsurance/Lloyds. Successful solutions should have a validated MVP in collaboration with a regional industry partner, preferably an insurer.

Challenge no. 2: ‘(Generative) AI in the Insurance Value Chain’
The challenge is to innovate and implement AI solutions that transform various aspects of the insurance industry, from customer interactions to value creation, across retail, commercial, and reinsurance sectors. Successful partners should possess a validated insurance use case with another insurer, backed by a proven MVP within the insurance value chain in collaboration with a regional insurer.

Environmental Sustainability: The Ministry of Environment and Climate Change (MoECC)
The Ministry of Environment and Climate Change (MoECC) is a service ministry that set up a number of goals, foremost of which are protecting the environment, preserving natural resources, and reducing emissions that contribute to climate change.

The challenges from the MoECC are as follows:

Challenge no.1: ‘Carbon footprint for Aluminum Production’
The challenge is to create a tool for the Environmental Assessment Department that can quickly and accurately assess the environmental impact of new projects. The tool should include models for air, emissions, seawater, land data, and historical information. It should help decision making on new projects and verify environmental impact studies. The goal is to save time and improve accuracy.

Challenge no.2: ‘Environment Impact Assessment’
The challenge is to create a tool for the Environmental Assessment Department to streamline the assessment of environmental impact studies for new projects, addressing the current issue of time-consuming reviews. The tool should incorporate air, seawater, and land models historical data and provide decision-making support for new projects. It must meet environmental standards, with a focus on Qatar’s region.
Hashtag: #QRDICouncil

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

About QRDI Council

Qatar Research, Development, and Innovation (QRDI) Council was established in 2018 to drive research, development, and innovation (RDI) efforts on a national level in line with the Qatar National Vision 2030 and the Second National Development Strategy (2018-2022). QRDI Council has developed a ten-year strategy, QRDI 2030, which seeks to create a locally empowered, globally connected RDI ecosystem, mobilizing leadership across government, academia, and industry to transform Qatar’s social and economic future. QRDI Council members include prominent national and international figures from various government and academic entities and industry experts.

For media-related inquiries, don’t hesitate to get in touch with QRDI at

Follow QRDI on

//www.instagram.com/embed.js

Source link

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.

22nd UITP Asia-Pacific Annual Meeting in Hong Kong from 1 to 3 November 2023

0
Mr Jeremy YAP, UITP Asia Pacific Division Chair & Deputy Chief Executive, Land Transport Authority (LTA), SINGAPORE (3rd right) joined by Mr LAM Sai-hung, GBS, JP, Secretary for Transport and Logistics of HKSAR (middle), Dr Rex AUYEUNG, Chairman of the MTR Corporation (4th left) along with other distinguished officiating guests to kick off the opening ceremony. They are Dr Jacob KAM, CEO of the MTR Corporation (4th right), Ms Angela LEE, JP, Commissioner for Transport of HKSAR (3rd left), Mr Adi Lau, Chairperson of UITP Metro, Committee & President of Global Operations Standards Institute of the MTR Corporation (1st left), Dato Ir Alice Jawan EMPALING, Permanent Secretary, Ministry of Transport Sarawak, MALAYSIA (2nd right), Dr Kaan YILDIZGOZ, Senior Director, Membership and Global Operations, UITP, BELGIUM (2nd left) and Mr Shaun TAN, Co-Chair of OC and Head of UITP Asia-Pacific (1st right).

Regional Event Focuses on "Transforming Asia: Smart Public Transport"

HONG KONG, Nov. 2, 2023 /PRNewswire/ — The 22nd UITP Asia-Pacific Annual Meeting, organised by international public transport association UITP (Union Internationale des Transports Publics) and hosted by the MTR Corporation from 1st to 3rd November 2023 in Hong Kong, was officially kicked off with an opening ceremony held today (2 November 2023).

Notable speakers, including Mr Jeremy YAP, UITP Asia Pacific Division Chair & Deputy Chief Executive, Land Transport Authority (LTA), SINGAPORE, Ms Renée AMILCAR, UITP President and General Manager, OC TRANSPO Ottawa, CANADA, Mr LAM Sai-hung, GBS, JP, Secretary for Transport & Logistics of HKSAR and Dr Rex AUYEUNG, Chairman of the MTR Corporation, kicked off the event with other officiating guests during the opening ceremony, setting the stage for insightful discussions and dynamic interactions.

With the theme of "Transforming Asia: Smart Public Transport", the 3-day regional event has convened a total of over 250 UITP members and participants from over 10 different territories in the Asia-Pacific region, including public transport authorities and policy decision-makers, operators from the public transport supply and service industry as well as research institutes. They are taken through Asia Pacific’s transformative journey in an era of smart public transport, engaging in knowledge sharing, workshops and networking sessions to discuss critical topics impacting public transport development. 

Ms Renée AMILCAR, UITP President and General Manager, OC TRANSPO Ottawa, CANADA expressed her excitement about the event, "It is such a pleasure to be able to welcome you to the event. I want to thank you for your dedication to UITP and the Asia Pacific Region and your commitment to being here this week. The past few years have been hard for our sector. We will only be able to build back from the pandemic with the support of each other and with occasions such as this. The sharing of ideas and the willingness to collaborate are our strengths. I look forward to hearing from our UITP colleagues in the region on the success of the annual meeting."

In the opening remarks, Dr Rex AUYEUNG, Chairman of the MTR Corporation outlined the Corporation’s plan to utilise cutting-edge innovations and technologies fulfill its commitment of keeping cities moving. He highlighted that the Corporation demonstrates its commitment to the advancement of the local railway network and creating an efficient transportation network seamlessly connecting Hong Kong with the Greater Bay Area through a substantial investment of over HK$100 billion in new railway projects over the next decade.

"Under the MTR’s new Corporate Strategy, ‘Transforming the Future,’ we are intensifying our investment in innovative technology and accelerating adoption of technology and digitalization in our services. While we use Artificial Intelligence and Machine Learning in our Operations Data Studio as well as robotics and automation applications to shows our dedication to staying at the forefront of technological advancements, we demonstrate our commitment to our partnerships with other cities, corporations and academic institutions to drive innovation and strategy that shape the future of urban mobility by sharing information and our learning experience through established entities namely the MTR Academy and the Global Operations Standards Institute. We are also collaborating with academic institutions and other business partners with aim to exchange knowledge and experience," said Dr AUYEUNG. 

This was followed by a welcome keynote speech by Mr LAM Sai-hung, GBS, JP, Secretary for Transport and Logistics of HKSAR, who talked about Hong Kong’s public transport policy and strategic plan with an emphasis on the Integration of Hong Kong’s Transportation Network with Greater Bay Area with significant implications for regional development.

"With the commissioning of key cross-boundary transport infrastructures, such as the Hong Kong-Zhuhai-Macao Bridge and the High-Speed Rail, connectivity between Hong Kong and the Greater Bay Area has enhanced significantly. These infrastructures have transformed the vision of a ‘one-hour living circle’ within the Greater Bay Area into reality. Exciting projects such as the Hong Kong-Shenzhen Western Rail Link which will link up the Hung Shui Kiu/Ha Tsuen New Development Area with Qianhai in Shenzhen is also on the way, strengthening the connection between the Northern Metropolis in Hong Kong and the Guangzhou-Shenzhen innovation and technology corridor. Looking ahead, by focusing on last-mile connectivity and continuing investing in new infrastructure projects, we can create a truly integrated and sustainable transportation network that benefits both Hong Kong and the Greater Bay Area," said Mr Lam.

After the opening ceremony, a prominent keynote session titled "The Future of Urban Mobility: Navigating towards Sustainable, Connected and Inclusive Cities" took place. Chaired by Dr Kaan YILDIZGOZ, Senior Director, Membership and Global Operations, UITP, BELGIUM, speakers including Dr Jacob KAM, CEO of the MTR Corporation, Ms Angela LEE, JP, Commissioner for Transport of HKSAR and Mr YAP provided valuable insights into policies and strategies that will shape the future of sustainable, seamless and efficient urban mobility and its transformative impact on the way people live, work and move within cities.

Dr KAM illustrated how the MTR Corporation makes good use of technology to promote smart railway operations management and intelligent maintenance to help further enhance the performance and operational excellence of Hong Kong’s railway. "The MTR Corporation has been fulfilling its purpose to keep cities moving by ensuring operational resilience during and after the pandemic. Under the new Corporation Strategy, ‘Transforming the Future’, which charts a future path marked by business and ESG targets that will contribute to the long-term sustainability of the Corporation and the communities we serve," said Dr Kam. Besides, he and other speakers also shared their challenges related to staff recruitment and retention.

The programme featured high-level discussions led by industry experts, shaping the future direction of the Asia-Pacific public transport sector and bringing in a smart public transport landscape. Throughout the event, industry trends were highlighted and major achievements in the realm of smart public transport were showcased to provide attendees with valuable insights into cutting-edge advancements and developments that will shape the future of urban mobility in the region. 

To learn more about the 22nd UITP Asia-Pacific Annual Meeting 2023, please visit UITP Annual Meeting Website at https://www.uitp.org/events/asia-pacific-annual-meeting-2023/   

Photo downloaded link: https://drive.google.com/drive/folders/1Otn2-9wRcHHbYaomxKJ98FROs8SxWtmR?usp=sharing 


Mr Jeremy YAP, UITP Asia Pacific Division Chair & Deputy Chief Executive, Land Transport Authority (LTA), SINGAPORE (3rd right) joined by Mr LAM Sai-hung, GBS, JP, Secretary for Transport and Logistics of HKSAR (middle), Dr Rex AUYEUNG, Chairman of the MTR Corporation (4th left) along with other distinguished officiating guests to kick off the opening ceremony. They are Dr Jacob KAM, CEO of the MTR Corporation (4th right), Ms Angela LEE, JP, Commissioner for Transport of HKSAR (3rd left), Mr Adi Lau, Chairperson of UITP Metro, Committee & President of Global Operations Standards Institute of the MTR Corporation (1st left), Dato Ir Alice Jawan EMPALING, Permanent Secretary, Ministry of Transport Sarawak, MALAYSIA (2nd right), Dr Kaan YILDIZGOZ, Senior Director, Membership and Global Operations, UITP, BELGIUM (2nd left) and Mr Shaun TAN, Co-Chair of OC and Head of UITP Asia-Pacific (1st right).

About MTR Corporation

To Keep Cities Moving, MTR makes encounters happen and rendezvous for a more connected tomorrow. As a recognised world-class operator of sustainable rail transport services, we are a leader in safety, reliability, customer service and efficiency.

MTR has extensive end-to-end railway expertise with more than 40 years of railway projects experience from design to planning and construction through to commissioning, maintenance and operations. Going beyond railway delivery and operation, MTR also creates and manages dynamic communities around its network through seamless integration of rail, commercial and property development.

With more than 40,000 dedicated staff*, MTR carries over 13 million passenger journeys worldwide every weekday in Hong Kong, the United Kingdom, Sweden, Australia and Mainland China. Together, we Go Smart and Go Beyond. 

For more information about MTR Corporation, please visit www.mtr.com.hk.

*includes our subsidiaries, associates and joint ventures in Hong Kong and worldwide

About UITP

UITP (Union Internationale des Transports Publics) is the international association of public transport and a passionate champion of sustainable urban mobility. Established in 1885 with more than 135 years of history, it is the only worldwide network to bring together all public transport stakeholders and all sustainable transport modes.

Across the globe and every day, people rely on public transport to bring them to school, to work, to sports clubs and cafés. In using public transport millions travel more sustainably, safer and actively while bringing economic benefit to their community. UITP supports the entire sector to ultimately guarantee that public transport and its workers continue to bring cities to life.

Press kit: https://www.uitp.org/media-centre/press-kit

Source : 22nd UITP Asia-Pacific Annual Meeting in Hong Kong from 1 to 3 November 2023

>

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

GLN Signed an Agreement with BCEL to Activate Overseas Remittance Service for Laotian Residents in Korea

0

– GLN provides fast, convenient and cost-efficient remittance service for Lao residents in Korea as a part of the key national program of Laos

– Remittance service between Korea and Laos will be expanded following the launch of the mobile remittance from overseas to Korea in cooperation with the US-based partner

SEOUL, South Korea, Nov. 2, 2023 /PRNewswire/ — GLN International (GLN), a global payment network company, signed an agreement with BCEL (Banque Pour Le Commerce Exterieur Lao Public) on October 25 on remittance service in addition to cross-border mobile payments and ATM cash withdrawal services that are currently being provided. This milestone underlines the company’s dedication to expand its cross-border remittance business.

GLN is a fintech subsidiary spun off from Hana Bank in July 2021 to run its global payment and settlement network business. Since August this year, GLN has made a successful step forward in its remittance business by partnering with Remitly, a US-based global remittance company with launching a service that allows overseas customers to remit funds to the recipients in Korea.

Signing the agreement with BCEL means that GLN is successfully expanding its cross-border remittance service even further. From early next year, Laotian residents in Korea including workers and students will be able to send money to their home country conveniently and safely through GLN’s service. Starting with Laos, this service will be continuously expanded to Philippines, Vietnam, and other countries.

Until now, Laotian residents in Korea have lots of difficulties in sending money to their home country including opening accounts, complicated remittance process and high costs. As a result, remittances have often been made through illegal channels which might be affecting personal interests and security. Upon GLN’s service launch, most of problems are expected to be resolved in a positive direction.

As part of the Laos national project "Implementation of Remittance Transfer Management for Lao Migrant Workers in Abroad" promoted by the Ministry of Labour and Social Welfare and the Bank of Lao PDR, the MOU between GLN and BCEL signifies the official launching of the "Digital Remittance and Innovative Payment between the Lao PDR and the Republic of Korea", supported by the Governments of both countries.

Kim Kyung-ho, CEO of GLN International, said, "We are excited to see Lao people in Korea sending money to their families through GLN’s safe, stable and convenient service." He added, "The cross-border remittance service will play an important role in our global market expansion strategy, and continuous effort will be made to expand remittance service in both direction in Korea and abroad. Consequently, we will expand the global payment market together with our partners to provide better financial services to more people around the world. "

Source : GLN Signed an Agreement with BCEL to Activate Overseas Remittance Service for Laotian Residents in Korea

>

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 Matters' Feature: New Vitality in Chinese Economy and Culture

0

BEIJING, Nov. 2, 2023 /PRNewswire/ — Since the beginning of 2023, China’s recovery has been the focus of global attention. Recently, the Financial Times reported, citing analysts from Goldman Sachs, that the Chinese economy entering the fourth quarter has "sprouted more green shoots." Bloomberg believes that based on the momentum of the first three quarters, China’s 2023 economic growth target is within reach.

The vitality of China’s economy is directly related to its governing philosophy. This year, China has introduced a series of measures to support the private sector’s development. In Fujian Province, 95% of high-tech enterprises are privately-owned, and 70% of R&D achievements are created by private enterprises. Fujian’s lithium-ion power battery technology and ammonia refrigeration systems have reached world-leading levels. Meanwhile, China pursues high-level opening-up and shares the fruits of Chinese modernization with the world. With the assistance of China, domestically-produced new energy vehicles from Thailand have already hit the roads, and even served APEC meetings in Bangkok.

China’s philosophy of openness is not only evident at the economic level but also extends deeply into the cultural sphere. In early 2023, China proposed the Global Civilization Initiative, which advocates upholding the principles of equality, mutual learning, dialogue and inclusiveness among civilizations, promoting international people-to-people exchanges and cooperation and advancing the progress of human civilizations. The performance of Peking Opera by the mobile games captivates global players and instantly draws their attention to this world-class intangible cultural heritage.

The animation series Xi’s Thought Made Easy produced by China Matters focuses on a series of new concepts and policies China has adopted in recent years. China will continue to provide significant support for global growth and offer more opportunities for common development and prosperity among countries worldwide.

Youtube: https://youtu.be/DB_r4UW1_Rg 

 

Source : China Matters' Feature: New Vitality in Chinese Economy and Culture

>

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

CRISIL Appoints Two Key Executives to Lead Global Expansion

0

Jan Larsen to Head CRISIL GR&RS, Duncan McCredie to Head Coalition Greenwich

MUMBAI, India and STAMFORD, Conn., Nov. 2, 2023 /PRNewswire/ — CRISIL Limited, the leading global analytics company, has appointed two senior executives, Jan Larsen and Duncan McCredie, to lead its expansion into global markets.

"We are thrilled to welcome Jan and Duncan, two global leaders who have created impact in the financial services industry through transformational work cutting across banking, strategy and digital solutions. Their combined expertise and experience make them ideal leaders to drive global growth for CRISIL’s risk, research and benchmarking solutions," says Amish Mehta, Managing Director and CEO of CRISIL Ltd. "These senior-level appointments affirm our commitment to be a trusted partner of choice for clients, leveraging our data and analytical capabilities to help them pursue growth while managing risk."

Based in New York, Jan will lead the CRISIL Global Research & Risk Solutions (GR&RS) business by helping financial institutions navigate investment management, financial and non-financial risk, new technology implementation, research, sustainability and other strategic areas.

"CRISIL GR&RS has a unique combination of talent, analytics and technology that makes it the ideal partner to help financial institutions achieve tactical and strategic goals, while managing complex risks and focusing on sustainable growth" says Jan. "It is exciting to join a leading strategy implementation partner to many of the world’s top financial institutions, poised for strong growth in global markets."

Jan joins from Moody’s Analytics, where he led the Banking Advisory Practice for the Americas. In this role, he oversaw projects with more than 100 institutions focused on credit risk transformation, balance sheet management, stress testing, transition to CECL, MRA remediation and portfolio management. These client institutions ranged from global Tier-I banks and insurers to community banks.

Based in London, Duncan will head the Coalition Greenwich leadership team, which offers strategic benchmarking, analytics and insights to the financial services industry globally.

"I am excited to lead a team that sets the standard for strategic benchmarking in financial services," says Duncan. "Having been a client of Coalition Greenwich for more than a decade in various investment banking and strategy roles, I know the value our solutions provide, and I look forward to collaborating with our clients to grow their businesses."

Duncan joins from Citibank, where he led the strategy, digital channels, and capital management teams for the commercial banking business. As a member of Citi’s Commercial Bank Executive Committee, he was responsible for driving an ambitious growth strategy for the business.

Both Jan and Duncan will serve on CRISIL’s Executive Committee.  

Media contacts :

Aveek Datta
Media Relations
CRISIL Ltd
M: +91 99204 93912
B: +91 22 3342 3000
[email protected]  

Joan Weber
Media Relations
CRISIL Limited
B: +1 203 625 4354
[email protected] 

Maggie Duffy
BackBay Communications
P: +1 617 686 5705
[email protected] 

About CRISIL Limited

CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better.

It is India’s foremost provider of ratings, data, research, analytics, and solutions with a strong track record of growth, culture of innovation, and global footprint.

It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that operate from India, the US, the UK, Argentina, Poland, China, Hong Kong, Australia and Singapore.

It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.

CRISIL Privacy Policy

Source : CRISIL Appoints Two Key Executives to Lead Global Expansion

>

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

Xinhua Silk Road: 54th Zhangshu National Traditional Chinese Materia Medica Trade Fair kicks off in E. China's Jiangxi

0
Photo shows the opening ceremony of the 54th Zhangshu National Traditional Chinese Materia Medica Trade Fair held in Zhangshu, a county-level city in east China

BEIJING, Nov. 2, 2023 /PRNewswire/ — The 54th Zhangshu National Traditional Chinese Materia Medica Trade Fair was held recently in Zhangshu, a county-level city in east China’s Jiangxi Province.


Photo shows the opening ceremony of the 54th Zhangshu National Traditional Chinese Materia Medica Trade Fair held in Zhangshu, a county-level city in east China’s Jiangxi Province on October 19.

More than 10,000 pharmaceutical manufacturers participated in the fair, making the turnover exceed 13.3 billion yuan on the opening day.

Themed on inheritance and innovation, the fair has organized 19 activities including exhibitions, forums, and cultural events.

During the fair, a pharmaceutical industry investment promotion conference was also held in Zhangshu, covering biomedical R&D and manufacturing, medical devices, traditional Chinese medicines prepared in ready-to-use forms and pharmaceutical cold chain logistics and other industries, with 16 projects valuing 6.862 billion yuan signed on the spot.

By attaching more importance to the concept of digital transformation, the online version of the fair was also launched, providing various services for participants including online trading, online booth, live broadcast, online docking, and real-time data, which attracted more than 1,500 exhibitors and showcased more than 10,000 products on the platform.

As a traditional Chinese medicine (TCM) capital, Zhangshu has continued to integrate superior resources and promote the optimization and upgrading of the TCM industry. At present, Zhangshu has 427 pharmaceutical enterprises, with a total traditional Chinese medicinal herbs planting area over 33,333 hectares.

Original link: https://en.imsilkroad.com/p/336915.html

 

Source : Xinhua Silk Road: 54th Zhangshu National Traditional Chinese Materia Medica Trade Fair kicks off in E. China's Jiangxi

>

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

Shinsegae Duty Free Unveils 'Paul and Bani' Characters in Collaboration with Off-White

0
Shinsegae Duty Free Unveils

SEOUL, South Korea, Nov. 2, 2023 /PRNewswire/ — Shinsegae Duty Free proudly presents its captivating self-produced characters, ‘Paul and Bani.’

These artist characters, Paul and Bani, embark on an inspiring journey that bridges the world of art, fashion, and travel.


Shinsegae Duty Free Unveils ‘Paul and Bani’ Characters in Collaboration with Off-White

Paul, the introspective and detail-oriented artist, uses art and music as a means of self-expression, while Bani, a fashion-savvy global ambassador, passionately explores the realms of fashion and music. Together, they will serve as the emblematic representatives of Shinsegae Duty Free, embodying the brand’s commitment to sophistication and style.

Bani’s fashion expertise takes center stage as she initiates a groundbreaking collaboration with the renowned global brand, Off-White™ available exclusively at the Shinsegae Duty Free Myeongdong store from November 1st to 30th.


Shinsegae Duty Free Myeongdong Bani X Off-White pop-up

The pop-up store on the 10th floor, Iconic Zone, at Shinsegae Duty Free’s Myeongdong location features a ‘Bani Photo Spot,’ offering customers an opportunity to capture memories with a life-sized Bani dressed in the exclusive Off-White collaboration pieces. Visitors can also delve into the story of this remarkable partnership through a compelling video presentation.

A highlight of the pop-up store is the ‘Seoul City Garment’ T-shirt by Off-White, specially crafted for global distribution, promising to be a must-have item. Alongside this iconic piece, customers can explore six other unique fashion items, including the ‘Out of Office’ sneakers, ‘Glove Slip On’ sneakers inspired by motorcycle gloves, ‘Jitney 1.4 Top Quote’ handbag, ‘Zip Tie Clutch’ cowhide clutch, ‘Fuzzy Mohair Scarf’ maxi scarf made from soft mohair, and ‘Mini Arrow Earrings’ with a minimalist design.

To further extend the Paul and Bani experience, Shinsegae Duty Free will unveil the ‘Paul&BaniXOff-White’ edition of 3D KakaoTalk emoticons in November. These special edition emoticons will be available for free download to users who add the Shinsegae Duty Free channel on KakaoTalk.

An official spokesperson from Shinsegae Duty Free expressed, "Shinsegae Duty Free is committed to continually engaging our customers through artistic endeavors. ‘Paul and Bani’ are at the forefront of this collaboration project with Off-White, and their artistic and musical personas will forge a deeper connection with our cherished customers."

These enchanting characters, ‘Paul and Bani,’ were conceived with the intention of promoting positive impact, sustainable travel, socially responsible actions, and the exploration of new inspiration and beauty, aligning seamlessly with Shinsegae Duty Free’s core values.

**About Shinsegae Duty Free**

Shinsegae Duty Free is a renowned leader in the duty-free shopping industry, dedicated to delivering luxury and style to travelers from around the world. With a strong commitment to art, fashion, and travel, Shinsegae Duty Free continuously strives to provide exceptional experiences for its customers.

[Website: www.ssgdfs.com]

Source : Shinsegae Duty Free Unveils 'Paul and Bani' Characters in Collaboration with Off-White

>

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