GUANGZHOU, China, Nov. 1, 2023 /PRNewswire/ — Phase 3 of 134th China Import and Export Fair ("Canton Fair") showcases a diverse array of high-quality products from October 31st to November 4th. Exhibitors represent five major categories including Toys, Children Baby and Maternity, Fashion and Home Textiles. As the exhibition section lately adjusted from Phase 2 to 3, Children Baby and Maternity section, with its exhibition area increasing from 11,000 to approximately 20,000 square meters, has attracted particular attention from buyers from all over the world.

Shifeng Cultural Development Co., Ltd. is gearing up to unveil an impressive lineup of products, encompassing electronic and electric remote control toys, alloy car models, among a diverse range of offerings. One of the standout attractions is the Buzz Penguin, an extraordinary electronic smart toy for various early education and educational features, including intelligent parroting and the ability to play songs by tapping on a desktop. Moreover, this exceptional toy’s wings and bamboo dragonfly respond and rotate in sync with the music, making it a reliable companion for entertaining and cultivating children’s musical sensibilities. To access more information about the company, please click on https://goo.su/lQ13c.

Hubei Little Sun Baby Products Co., Ltd. showcased a range of top-notch baby strollers with aluminum alloy frames at the Canton Fair. The stroller and bassinet feature a dual-fold design, significantly reducing the stroller’s folded size for easy storage and portability. The wheels of these strollers are made using PV integrated molding process, ensuring high wear resistance and shock absorption. They can be used on all types of roads, offering a safer and more comfortable ride for your little ones. For more information on the strollers, visit https://goo.su/VRp7VfD.

Huzhou Youtao Clothing Co., Ltd. ("Youtao") made a splash at the Fair with its innovative swimsuits and Lolita skirts. The swimsuits, made from unique patented fabrics, are a perfect blend of quality and style, while the Lolita skirts, inspired by traditional clothing styles, are infused with imaginative Chinese design elements, creating a unique and trendy style. "We have amplified our endeavors in patented fabric and accessory research and development. At the Canton Fair, we anticipate presenting our comfortable, health-conscious, and vibrant children’s clothing products to a global audience." said Mr. Wu, Director of Sales of Youtao. Visit https://goo.su/eXl0UHF for more details.

A wide range of maternity, baby, and children’s items were showcased at the 134th Canton Fair, offering scientifically-backed, diverse, and high-quality products and care solutions. For further details about the exhibition, please visit the Canton Fair’s official website at https://www.cantonfair.org.cn/en-US/posts/646531331412942848, or contact caiyiyi via [email protected].

Source : Unveiling the Hottest Trends in Children, Baby, and Maternity Products at the 134th Canton Fair

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

P&G Health commemorates World Diabetes Day 2023 with innovative AI-based Experiential Campaign #KnowtheSigns

CISION PR Newswire

Nov 1, 2023

1 in 2 Diabetics and 1 in 10 Pre-diabetics estimated to suffer from Peripheral Neuropathy Vitamin B Deficiency affects quality of life of ~ 19% of all people with diabetes #KnowtheSigns leverages Artificial Intelligence to make the invisible condition of Peripheral Neuropathy & Vitamin B deficiency visible and more relatable to consumers

SINGAPORE, Nov. 1, 2023 /PRNewswire/ — Ahead of World Diabetes Day 2023, P&G Health, makers of Neurobion, continued awareness efforts with an innovative #KnowtheSigns campaign to help consumers and healthcare professionals understand the connection between Diabetes and Pre-Diabetes with Peripheral Neuropathy (PN) and Vitamin B Deficiency for timely detection, treatment, and improved quality of life.

With Diabetes Mellitus being the leading cause1 of PN, the increasing prevalence of PN is closely linked to the rise in the number of diabetic patients. PN including Diabetic Peripheral Neuropathy (DPN) is the result of damage to the nerves impacting quality of life of people as they are not able to go about their daily lives as comfortably. Symptoms of PN include numbness, tingling, prickling, and burning sensations in the hands and feet. B vitamin deficiency and aging are other high-risk factors along with diabetes, leading to peripheral nerve damage. Published studies across different countries confirm that up to 80% of patients with PN remain undiagnosed and untreated.

Aalok Agrawal, Senior Vice-President, P&G Health (Asia Pacific, India, Middle East & Africa) said, "An estimated 1 in 2 Diabetics2 and 1 in 103 Pre-diabetics suffer from Peripheral Neuropathy, while Vitamin B Deficiency affects the quality of life of ~19% of all people with diabetes,4,5. A key barrier we have recognized is that pre-diabetic and diabetic patients are often unaware of their symptoms, which leads to delay in seeking treatment, and a resultant impact on quality of life. The #KnowtheSigns campaign is a step change in the approach towards health awareness, as for the first time, we have leveraged Artificial Intelligence (AI) to make the invisible condition of PN & Vitamin B deficiency visible and more relatable to consumers. We hope to help people understand the condition by shedding light on daily struggles and symptoms. Not many people are aware that early diagnosis can help enable better treatment outcomes and better quality of life, and damaged nerves can be regenerated if nerve damage has not progressed too far."

Image credit: P&G Health

The #KnowtheSigns campaign includes an online and offline ‘See what they feel’ Photo Exhibit, wherein real-life patient experiences have been brought to life using AI to help consumers identify early signs of nerve damage and vitamin B deficiency. Further, a simulated ‘Touch Room’ – virtual and on-ground – with altered everyday items highlights the impact on quality of life of patients. A free Digital Self-Screening tool provides consumers a simple and quick self-assessment to check for symptoms and understand when to contact a healthcare practitioner.

"We will also be organizing #KnowtheSigns scientific events with leading Health Experts to create awareness on the importance of identifying signs of Peripheral Neuropathy and Vitamin B Deficiency in patients, diagnosing high-risk patients, and latest guidelines in management including the role of high dose B Vitamins in treatment." Aalok Agrawal added.

#KnowtheSigns will be live all of November across on-ground and digital touchpoints in Philippines, Indonesia, India, Singapore, Malaysia, Thailand, UAE, Saudi Arabia, and South Africa in collaboration with healthcare professionals, medical organizations, influencers, partners, consumers, and patients. For more information on the campaign, please write to our media contacts.

Disclaimer: Indications of Neurobion may differ in different countries, please check with your local healthcare professionals for more information.

About P&G Health:
P&G Health, the health care division of P&G company, drives consumer-centric innovation to empower our consumers to live healthier, and more vibrant lives. The P&G Health portfolio includes leading brands in Respiratory with Vicks® and Nasivin®, Pregnancy with Femibion® and Clearblue®, Oral Care with Crest® and Oral-B®, Vitamins and Minerals Supplementation with Bion3®, Seven Seas®, Evion® and Sangobion®, Digestive wellness with Metamucil®, Prilosec OTC®, Pepto Bismol® and Align®, Nerve Care with Neurobion® and Pain Relief with Dolo-Neurobion®.

About Procter & Gamble:
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide.

References:
1.     Landmann G. Ars Medici. 2013;1: 18-21
2.     Kumar S, et al. Laser Therapy 2016;25: 141–144
3.     Ziegler D et al. Neuropathy in prediabetes. Diabetes Metab Res Rev. 2023
4.     Nix WA et al. Diabetes Res Clin Pract 2015; 107:157–165.
5.     Adaikalakoteswari A et al. Diabetes Res Clin Pract 2012; 95:415–424.

Source : P&G Health commemorates World Diabetes Day 2023 with innovative AI-based Experiential Campaign #KnowtheSigns

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

Daewoong Pharmaceutical Reports Third Quarter 2023 Financial Results

CISION PR Newswire

Nov 1, 2023

SEOUL, South Korea, Nov. 1, 2023 /PRNewswire/ — Daewoong Pharmaceutical (KRX: 069620.KS) is pleased to announce its financial results for the third quarter of 2023. Demonstrating a consistent growth trajectory, the company achieved stand-alone sales of KRW 303 billion and an impressive operating profit of KRW 34.2 billion.

Key Growth Drivers – Novel Drugs Developed by Daewoong Pharmaceutical –

Fexuclue(ingredient: Fexuprazan), a drug for GERD, has seen robust growth with sales reaching KRW 55 billion. It has submitted NDA applications in 12 countries, notably including the Philippines, China and now approved in three Latin American countries, including the Ecuador, Chile, and Mexico. Envlo(ingredient: Enavogliflozin), the South Korea’s first SGLT-2 inhibitor, is reshaping the market for diabetes treatment and expanding its product line up through aggressive development of combination drug. Envlo accomplished to submit the NDA in five countries such as Indonesia, Philippines, Thailand, Vietnam and Saudi Arabia only within six months after official launch in domestic market. NABOTA (ingredient: Botulinumtoxin Type A), the Asia’s first FDA-approved botulinum toxin, is experiencing steady growth and broadening its global presence through its partner, Evolus. Now known as Nuceiva in Europe, it has successfully launched in the UK, Germany, Austria, and recently in Italy, solidifying its presence in North America and Europe. Furthermore, AEON Biopharma, with Daewoong Pharmaceutical as its second-largest shareholder, secured a U.S. patent for migraine headache treatment in last September.

Clinical Development Updates -First-in-class or Best-in Class-

DWP213388, targeting both BTK and ITK for immune cell activation, has received approval for U.S. Phase 1 Clinical Trials. The FDA endorsed its IND application in August, highlighting its potential in autoimmune diseases such as RA. Bersiporocin, focusing on the PARS1 enzyme essential for collagen synthesis, is progressing through Phase 2 trials in the US and Korea. With its potential anti-fibrotic benefits, Daewoong remains dedicated to ensuring its safe use. The drug has achieved FDA’s Orphan Drug and Fast Track Designations for IPF. DWRX2008, a novel drug candidate from Daewoong Therapeutics, a subsidiary of Daewoong Pharmaceutical Group, aims to revolutionize the treatment of diabetic retinopathy by transitioning Envlo from oral administration to an innovative ocular pathway. As it is the first-in-class development, DWRX2008 secured approval from the Ministry of Food and Drug Safety (MFDS) to commence Phase 1 clinical trials for its innovative candidate targeting diabetic eye diseases. DWP306001, which incorporates Envlo, is in development as a potential treatment for obesity. The combination of Envlo with an appetite suppressant is set to enter Phase 2 clinical trials later this year.

FINANCIAL HIGHLIGHTS

Key Highlights (Unconsolidated) (unit: KRW Billion)

Q3’23

Q3’22

YoY Change

Revenues

303

301

+0.52 %

Operating Profit

34.2

30.3

+12.82 %

Net Profit

19.7

21.5

-8.11 %

Sales recorded 303 billion won in the third quarter of 2023, a 0.52 percent increase compared to the same period in the previous year. Strong sales growth from ETC pharmaceuticals continued from major products sold under the names of Fexuclue, Envlo, and Nabota.

Forward-Looking Statements

This press release contains forward-looking statements that are based on the current beliefs and expectations of Daewoong Pharmaceutical’s management. Factors that could cause or contribute to such differences include, but are not limited to: (1) Regulatory and governmental approvals: The approval process for pharmaceutical products is subject to extensive regulations and may involve uncertainties and delays. Any failure to obtain necessary approvals or the occurrence of delays in the approval process could adversely affect Daewoong Pharmaceutical’s business and results of operations; and (2) Clinical trials: The success of Daewoong Pharmaceutical’s products depends on the results of clinical trials. The results of early clinical trials may not be indicative of the results of later-stage or larger-scale clinical trials.

Source : Daewoong Pharmaceutical Reports Third Quarter 2023 Financial Results

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

Tanoto Foundation Collaborates with INSEAD to Support Renovation of Learning Facilities at Asia and Europe Campuses

Corporate News Media OutReach

Nov 1, 2023

Tanoto Foundation Collaborates with INSEAD to Support Renovation of Learning Facilities at Asia and Europe Campuses

Foundation supports redevelopment of Tanoto Research and Learning Hub at INSEAD Asia Campus in Singapore and Euro-Asia Centre at INSEAD Europe Campus with donation of €3.5 million (S$5.1 million)
Gift underscores Tanoto Foundation’s support to develop next generation of leaders in Asia

SINGAPORE – Media OutReach – 1 November 2023 – Tanoto Foundation today announced the inauguration of the Tanoto Research and Learning Hub (TLRH) at the Asia Campus of leading global business school INSEAD. The Foundation’s support for the new state of the art learning facility in Singapore is part of its efforts to help develop the next generation of leaders working across both East and West.

(From left to right) Ms Inge Sanitasia Kusuma, Country Head of Tanoto Foundation Indonesia, Mr Anderson Tanoto, Member of the Board of Trustees, Tanoto Foundation, Professor Francisco Veloso, Dean of INSEAD, and Ms Yuhanis Yusoff, Head of Tanoto Research and Learning Hub, at the inauguration of the Tanoto Research and Learning Hub, INSEAD Asia Campus

This follows the recent opening last month of the newly renovated Euro-Asia Centre (EAC) at the INSEAD Europe Campus in Fontainebleau, France. The redevelopment of the learning facilities at the two campuses was supported by a donation of €3.5 million (S$5.1 million) from Tanoto Foundation to INSEAD.

INSEAD is one of the world’s leading business schools with campuses in France, Singapore, the Middle East and the U.S. The school offers Master in Management (MIM), MBA, Global Executive MBA, Executive Master of Finance, Executive Master in Change, as well as executive education programmes, which are consistently ranked among the best in the world. INSEAD has 66,641 alumni, of whom about 20% are from countries in Asia, including Singapore.

The redevelopment of the Tanoto Research and Learning Hub in Singapore and the Euro-Asia Centre in Fontainebleau is designed to provide students with effective platforms and the resources to spur further innovation and research. The donation is the latest milestone in a partnership between INSEAD and Tanoto Foundation that goes back more than 40 years.

*Mr Anderson Tanoto, Member of the Board of Trustees, Tanoto Foundation, speaks at the inauguration of the Tanoto Research and Learning Hub, INSEAD Asia Campus*

Anderson Tanoto, Member of the Board of Trustees, Tanoto Foundation, said: “We have chosen to support these initiatives because of our belief and confidence in INSEAD and its leadership, and because of the alignment in values between our two institutions, particularly our belief in the importance of lifelong learning. Both INSEAD and Tanoto Foundation strongly believe in the transformative power of education and in the importance of building closer ties between Asia and Europe”.

Professor Francisco Veloso, Dean of INSEAD, said: “On behalf of the INSEAD community, I would like to express my thanks to the Tanoto Foundation for their unwavering support and trust in INSEAD. This generous contribution will transform the learning ecosystems at our campuses into models of innovation and learning, fostering the growth of future business leaders and inspiring our dedicated faculty and staff.”

The Tanoto Research and Learning Hub (TRLH) has been revamped to provide a flexible design, using sustainable resources, to enable students to focus on shared learning and access to data. Specific improvements include integrated smart library technology, access to powerful financial databases and a new staircase inspired by the Centre Pompidou in Paris.

The Euro-Asia Centre (EAC) was established by INSEAD as a teaching facility in 1982, with the support of industrial partners including Tanoto Foundation, to strengthen ties between the school and Asia. The EAC has been renovated with enhanced sustainability and future-readiness. The renovation is in line with the wider renewal of INSEAD’s Europe Campus and will adhere to strict French sustainability standards.

The main hall at the new EAC – the biggest and most frequented space in the Centre at close to 500m in size – has been named ‘The Tanoto Foyer’. Also, in recognition of Tanoto Foundation’s commitment to INSEAD, the Amphi 1 lecture hall in the Plessis Mornay Building, another major learning centre on campus, has been renamed the ‘Tanoto Foundation Amphitheatre’.

For over 40 years, the Tanoto family has been a patron and partner of INSEAD. The family’s support for the EAC was among the first joint initiatives between the family and INSEAD, when the school was just beginning its expansion to Asia. The Tanoto family continued to play a significant role in INSEAD’s growth in Asia, providing generous funding for the school’s Asia campus from 2003.

Hashtag: #TanotoFoundation

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

About Tanoto Foundation:

Tanoto Foundation is an independent philanthropic organisation founded in 1981 by Sukanto Tanoto and Tinah Bingei Tanoto based on the belief that every person should have the opportunity to realise his or her full potential. Tanoto Foundation programmes stem from the belief that quality education accelerates equal opportunity. We harness the transformative strength of education to realise people’s full potential and improve lives. Tanoto Foundation focuses on making an impact in three main areas: improving learning environments, future leader’s development, as well as medical research and sciences.

More information is available at www.tanotofoundation.org/en/.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

ZA Bank opens operating account for OKX Hong Kong, In collaborative effort to support Hong Kong's Web3 development

CISION PR Newswire

Nov 1, 2023

HONG KONG, Nov. 1, 2023 /PRNewswire/ — ZA Bank, Hong Kong’s No.1 virtual bank[1], and OKX, a leading global virtual asset exchange and Web3 technology company, today announced that the bank has opened an operating account for OKX Hong Kong.

The ZA Bank operating account provides essential business banking services to support OKX Hong Kong’s daily banking needs. This lends further support to OKX Hong Kong’s plan to apply to the Securities and Futures Commission for the Virtual Asset Trading Platform (VATP) licence under the amended Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), and also the Type 1 & 7 licences under the Securities and Futures Ordinance (SFO).

ZA Bank Alternate Chief Executive Devon Sin said: "We’re excited to be a trusted banking partner of OKX as it continues to grow its presence in Hong Kong. This is a further step towards realising our ‘Banking for Web3’ vision, and we look forward to working closely with OKX in support of the healthy development of a vibrant Web3 ecosystem in Hong Kong under the new licensing regime for VATPs."

Earlier this year, ZA Bank has unveiled its ambition to become the go-to banking partner for SFC-licensed VATPs and Web3 companies in Hong Kong, with the aim of supporting the HKSAR Government’s agenda of developing the city into a leading global hub for Web3 technologies.

OKX Global Chief Commercial Officer Lennix Lai said: "As Hong Kong continues to develop into a leading international Web3 and virtual asset hub, close collaboration and banking relationships are critical. By working with ZA Bank, we aim to build the virtual asset space in Hong Kong and drive mass adoption, including joint investor education activities."

In March, OKX announced the establishment of OKX Hong Kong, and its intention to apply for the relevant licenses for virtual asset trading platforms.

[1] "No.1 Virtual Bank" refers to ZA Bank’s leading position derived from the total number of users, deposits and assets as of 30 June 2023 among the eight licensed virtual banks that provide digital banking services (Source: Interim reports of virtual banks).

About ZA Bank
ZA Bank Limited ("ZA Bank"), licensed by the Hong Kong Monetary Authority ("HKMA") on 27 March 2019, is one of the first batch of virtual banks in Hong Kong. On 24 March 2020, ZA Bank officially launched its services to the public, making it the first fully operating virtual bank in Hong Kong. On 22 March 2021, ZA Bank officially launched Business Banking to deliver an innovative banking experience to local small and medium-sized enterprises. ZA Bank was established by ZhongAn Technologies International Group Limited ("ZA International"). With its "Community-Driven" approach, ZA Bank encourages users to directly contribute to its product development and design processes, helping the bank create innovative services that better serve the needs of Hong Kong customers.

Based on market data as of 30 June 2023, ZA Bank has gained the support of 700,000 users, becoming the largest virtual bank in Hong Kong in terms of user base with a leading position in the virtual banking industry in terms of customer deposits and assets. The bank was named Virtual Bank of the Year – Consumer (Hong Kong) in the The Asset Triple A Digital Awards 2023.

ZA International was established in Hong Kong in December 2017, by ZhongAn Online P&C Insurance Co., Ltd. (HKEX stock code: 6060), an online-only insurtech company in mainland China, to explore international business development, collaboration and investment opportunities in the area of fintech and insurtech in overseas markets.

About OKX
OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Source : ZA Bank opens operating account for OKX Hong Kong, In collaborative effort to support Hong Kong's Web3 development

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

MDRT Global Services Rebrands as MDRT Center for Field Leadership

Corporate News Media OutReach

Nov 1, 2023

MDRT Global Services Rebrands as MDRT Center for Field Leadership

The association unveils a new name and branding to advance its mission of propelling field and home office leaders into greater excellence.

SINGAPORE – Media OutReach – 1 November 2023 – MDRT Global Services announced that, as of November 1, the association will officially be known as the MDRT Center for Field Leadership (MDRT Center). The new name, along with updated branding, more closely reflects the association’s mission: helping field and home office leaders across the globe grow as leaders of financial services organizations and propelling their teams to success.

MDRT Center members are field and home office leaders who continually work to broaden their leadership skills, establish an MDRT culture of excellence within their agencies and advance themselves professionally and personally.

MDRT Center members will have access to all the benefits that were available prior to the rebranding, including key leadership content on the Center’s website like toolkits, videos and articles, and access to Harvard ManageMentor® learning application. Members can also partake in regular webcasts, attend study groups with fellow members and one global MDRT event per year, and apply for an MDRT Culture of Excellence Award.

“The MDRT Center for Field Leadership reaffirms the association’s dedication to amplifying members’ ability to incite growth and empower teams to become the best,” said Gregory Gagne, ChFC, 2024 MDRT President. “We trust that our members in Singapore will better relate and reap the benefits of the association with our new brand as they continuously pursue excellence in the field.”

MDRT Center membership is granted for one year and must be renewed annually. The open enrollment period for membership is November 1 – April 1. Annual membership dues are $600, but applicants may apply for membership after April 1 with a $200 late fee.

Hashtag: #MDRT

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

About MDRT Center for Field Leadership

As the newest association under the global MDRT Family of Brands, MDRT Center for Field Leadership (MDRT Center) was created exclusively for financial services field and home office leaders. As a separate, individual membership association, MDRT Center provides its members with exceptional value and leadership growth opportunities. MDRT Center membership allows increased engagement within the MDRT community while providing leaders with strategies to develop a culture of excellence within their respective organizations. To learn more visit mdrtcenter.org.

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Thailand Establishes Strong Partnership with Eight Prominent Chinese Companies

Thailand Business News

Nov 1, 2023

Thailand and eight Chinese partners signed a tourism cooperation agreement, highlighting the close relationship between the two countries. The collaboration aims to boost the tourism industry and make travel easier for Chinese tourists. With influential Chinese companies such as Huawei and Alipay on board, Thailand hopes to strengthen its tourism industry and promote travel between the two countries.

Thailand Stresses Strong Alliance with Chinese Partners

Thailand’s Prime Minister, Srettha Thavisin, spoke at the signing ceremony of the Letter of Intent (LOI) on tourism cooperation between the Tourism Authority of Thailand (TAT) and 8 prominent Chinese partners. Thavisin emphasized the close relationship between China and Thailand, highlighting the saying, “China-Thailand are not far apart, we are siblings.” The Thai government is also working to make travel easier for Chinese tourists by implementing a Visa Free program.

Collaboration Aims to Boost Tourism Industry

The collaboration between Thailand and its Chinese partners, including companies such as Huawei and Ctrip, is aimed at benefiting both nations. The Thai Prime Minister expressed hope that this alliance would lead to mutual benefits, an improvement in the tourism industry, and a sustainable increase in tourism revenue. The signing of the agreement signifies a commitment to continued collaboration and cooperation.

Chinese Companies Join Forces with Thailand

Eight prominent Chinese partners, including Huawei, Meituan, and Alipay, have joined forces with Thailand in this tourism cooperation agreement. These companies play a significant role in the technology, travel, and media sectors in China. By partnering with these influential entities, Thailand aims to strengthen its tourism industry and promote travel between the two countries.

Source: National News Bureau of Thailand

Source : Thailand Establishes Strong Partnership with Eight Prominent Chinese Companies

Swiss Fintechs to Showcase Transformative Knowhow at Singapore Fintech Festival 2023

Corporate News Media OutReach

Nov 1, 2023

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

Swiss Pavilion committed to growing its presence in Southeast Asia

SINGAPORE – Media OutReach – 1 November 2023 – A Swiss delegation representing the best of its financial technologies in the areas of AI, big data & analytics, and cybersecurity will be present at the Singapore Fintech Festival 2023 from 15 to 17 November 2023.

At the Swiss Pavilion, hosted by Switzerland Global Enterprise (S-GE) and the Swiss Business Hub ASEAN, the Switzerland participants will showcase proven fintech expertise and cutting-edge solutions. This year’s festival theme is “Applications of Artificial Intelligence (AI) in Financial Services“.

Renee Koh, Head of Swiss Business Hub ASEAN, said: “Swiss fintechs have grown more mature as they have emerged from an environment with strong regulatory frameworks that enable a lot of experimentation and testing. In doing so, they have developed a global competitive advantage and participants will bring this to bear at the Swiss Pavilion in Singapore.”

According to the World Intellectual Property Organization (WIPO) Global Innovation Index 2023 report, Switzerland is a leader in technologies such as artificial intelligence and blockchain.

Switzerland is one of the most advanced financial centres in the fintech and blockchain sector with over 1,000 companies operating in innovation-friendly framework conditions. It also became one of the first countries in the world to enact legal regulations for blockchain technology. This creates legal certainty and enables innovation and growth.

Around 50% of financial institutions supervised by the Swiss Financial Market Supervisory Authority (FINMA) currently use AI or have detailed plans to do so, according to its survey conducted in 2022. AI-based applications are essentially deployed in their front offices and for process optimisation purposes. Other areas of application include for example compliance and conduct, financial risk management, system monitoring and language translation.

One of the advocates for greater integration of AI in fintech, Modulos AG, aims to showcase its ‘Responsible AI Platform,’ which operationalises AI governance and ensures seamless alignment with international AI regulations.

“At the Singapore Fintech Festival 2023, we’re eager to demonstrate to financial sector leaders — from banks to insurers and fintech firms — the capabilities of our platform in developing and implementing trustworthy AI applications that prioritize safety, transparency, fairness, and inclusivity,” said CEO Kevin Schawinski.

Hashtag: #FintechFestival2023

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

Global partners with Switzerland Global Enterprise, Swiss Business Hub ASEAN

Switzerland Global Enterprise (S-GE) is the official Swiss organization for export and investment promotion with around 200 employees at offices throughout Switzerland and in 31 countries. S-GE supports Swiss SMEs in their international business and helps innovative foreign companies to settle in Switzerland. In doing so, S-GE relies on a unique network of national and global partners. This is how S-GE creates added value for its clients and prosperity for Switzerland.

As a non-profit organization, S-GE provides a public service for its clients on behalf of the Swiss Confederation (State Secretariat for Economic Affairs SECO) and the cantons. S-GE operates its 27 offices, known as Swiss Business Hubs and Trade Points, in 31 countries jointly with the Federal Department of Foreign Affairs FDFA. Thanks to its global network of partners, S-GE supports its clients in many other countries.

The Swiss Business Hub ASEAN champions the interests of Swiss and Lichtenstein Businesses and is responsible for formulating and overseeing the engagements for the promotion and development of trade and investments in ASEAN.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.