Demand from international exhibitors exceeds expectations

SINGAPORE and MUNICH, Oct. 30, 2023 /PRNewswire/ — From November 1 to 3, 2023, the key players in the airfreight, transport and logistics sector will meet for the first time at transport logistic Southeast Asia and air cargo Southeast Asia. They are looking forward to establish, maintain or expand contacts with the Southeast Asian market on the approximately 10,000 sqm of exhibition space at the Sands Expo and Convention Centre in Singapore. With 135 exhibitors from 23 countries, the exhibition space is sold out. The demand clearly shows that the Southeast Asian market is becoming increasingly important for international companies.

Due to the challenges of the past years, many companies are currently using a China+1 strategy to expand their supplier network and relocate production or branches to new locations with attractive conditions. Singapore and other Southeast Asian countries offer a good opportunity to diversify and increase the resilience of supply chains. Singapore is already an important hub for trade to and from Asia, so many of the world’s logistics service providers are already based there or are increasingly looking for local cooperation partners.

Visitors of the transport logistic Southeast Asia and air cargo Southeast Asia will have the opportunity to find out about business opportunities in Southeast Asian and can network with 135 well-known exhibitors from 23 countries from the transport and logistics sector as well as the sea and air freight sector. The exhibitor spectrum could hardly be more diverse. In addition to companies from Southeast Asia, companies from North America, Europe and the Middle East are also strongly represented. Exhibitors include Northlink Aviation, DP World, duisport, DHL, R-Bag Group, Liege Airport, and Gebrüder Weiss, for example.

The international country pavilions from Singapore, the Netherlands, Germany and China also record a high level of participation. Companies such as Singapore Airlines, SATSACO GROUP, GUUD, Crossover Asset Management, SFS Global, Halcon Primo Logistics and Commonwealth Kokubu Logistics will be exhibiting at the joint booth of the host country Singapore.

Asia Pacific is also one of the most important markets in the air cargo sector. From a strategic point of view, the timing of air cargo Southeast Asia is therefore perfect for initiating important business deals and establishing contacts in this growth market. Numerous global and regional players in the industry such as Boeing, Emirates SkyCargo, Singapore Airlines, United Cargo, Jettainer, Garuda Indonesia, MAS Kargo, Vietjet Cargo and ACL Airshop have signed up.

"Southeast Asia is a dynamic hub for trade and commerce. The transport logistic Southeast Asia gives visitors access to a wide range of market opportunities. The show provides the platform to connect with the right people from the region and unlock growth potential. We look forward to a wide-ranging conference program focusing on digitalisation, resilience, and sustainability that will discuss the current and upcoming issues in the logistics industry with a broad audience," said Michael Wilton, CEO & Managing Director of MMI Asia.

For more information on transport logistic Southeast Asia and air cargo Southeast Asia, visit https://transportlogisticsea.com/.

About MMI Asia Pte. Ltd
A full subsidiary of Messe München GmbH, MMI Asia established in Singapore in 1992, is now embarking on a significant growth and expansion program, bringing some of Messe München’s world leading brands to the Southeast Asia market. transport logistic and air cargo Southeast Asian editions are organized by MMI Asia Pte Ltd.

transport logistic exhibitions
The international industry network of transport logistic exhibitions consists of twelve events. In addition to the leading international trade fair transport logistic in Munich, transport logistic China is held every two years, alternating with it in Shanghai, China. In Turkey, Messe München and EKO Fair Limited organize the logitrans International Transport Logistics Exhibition in Istanbul every year. Messe München is organizing transport logistic Americas, which will be held every two years in Americas started in 2022. From November 2023, transport logistic Southeast Asia will also be held in Singapore for the first time. At all trade fairs, the air cargo sector plays an essential role. As part of transport logistic in Munich, air cargo Europe is the world’s largest air cargo trade fair, while air cargo China is the leading event in Asia, in addition, air cargo Southeast Asia is focusing on this segment in Singapore. air cargo India and air cargo Africa are independent trade fairs for the industry.

Messe München 
Messe München is one of the leading exhibition organizers worldwide with more than 50 of its own trade shows for capital goods, consumer goods and new technologies. Every year, a total of over 50,000 exhibitors and around three million visitors take part in more than 200 events at the exhibition center in Munich, at the ICM – Internationales Congress Center München, the Conference Center Nord and the MOC Veranstaltungscenter München as well as abroad. Together with its subsidiary companies, Messe München organizes trade shows in China, India, Brazil, Singapore, South Africa and Turkey. With a network of associated companies in Europe, Asia, Africa, and South America, and with around 70 representatives abroad for more than 100 countries, Messe München has a truly global presence.

Source : transport logistic Southeast Asia & air cargo Southeast Asia – Inaugural event a true global gathering

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

SHENZHEN, China, Oct. 30, 2023 /PRNewswire/ — Originating from Bayan Har Mountains in Qinghai Province, China, the Yalong River flows for thousands of miles, where it eventually merges with the Jinsha River in Panzhihua, Sichuan Province. On a snowy mountain at an altitude of 4600 meters in western Sichuan, rows of blue PV panels are generating electricity from solar energy, while the Yalong River is roaring in the distance. This land is brought to life by clean power where solar and hydro meet.

Hydro-Solar Hybrid Enhances Energy Sources

What appears to be a "PV sea" is actually the Kela PV Plant Phase 1, the world’s largest, highest-altitude, and first GW hydro-solar hybrid power plant, with a total installed capacity of 1 GW and covering an area of 16 km2.

Light Up the Land Where Solar and Hydro Meet at the World’s Largest Hydro-Solar Hybrid Power Plant

50 kilometers away from the Kela PV Plant, the 295 m high Lianghekou Dam stands on the Yalong River, serving for hydropower generation and flood control. This hydropower plant has an installed capacity of 3 million kW and a total water storage capacity of 10.8 billion m3, making critical contributions to renewable energy development in the basin. The Kela PV Plant is connected to the Lianghekou Hydropower Plant through the 500 kV power transmission lines, realizing hydro-solar hybrid transmission.

Light Up the Land Where Solar and Hydro Meet at the World’s Largest Hydro-Solar Hybrid Power Plant

Digital and Intelligent Technologies Build a Benchmark Project

The Kela PV Plant is located in a cold and high-altitude area with great temperature fluctuations between day and night. According to the staff involved in the construction, the extreme temperature in winter can reach –30.6°C, and winds with gale force 8 or 9 often occur, making it difficult to walk. If the traditional PV plant O&M model is used, it is difficult for employees to handle the O&M of such large scale of plant. Therefore, the Kela PV Plant has chosen the digital and intelligent solution provided by Huawei FusionSolar and established an integrated O&M platform, building a benchmark for high-altitude hydro-solar hybrid smart PV plants.

Light Up the Land Where Solar and Hydro Meet at the World’s Largest Hydro-Solar Hybrid Power Plant

More than 5300 Huawei smart string inverters serve as the "heart" of the PV plant with a high protection rating of IP66, ensuring stable and reliable operations in extreme cold environments on plateaus. FusionSolar’s unique patented Smart String-level Disconnection (SSLD) technology can intelligently identify DC side faults and implement automatic disconnection to avoid fire risks and ensure plant safety. The Smart I-V Curve Diagnosis can perform remote, online, and full-scanning health inspection to quickly locate faults. The smart CV diagnosis system checks more than 2 million PV modules onsite, identifies problems such as shading, hot spots, and microcracks. The Smart Co-Diagnosis System provides diagnosis reports for the plant, making O&M intelligent and accurate.

Huawei FusionSolar’s solution uses the intelligent grid connection algorithm to enable inverters to adapt to power grids in all scenarios (SCR ≥ 1.1) and provide excellent power quality, improving grid-connection reliability and supporting the power output of the entire PV plant. In June this year, the Kela PV Plant was put into use, with an estimated annual yield of 2 billion kWh, which can meet the annual electricity demand of 1 million households. The Kela PV Plant is connected to the Lianghekou Hydropower Plant. This not only solved the problem of renewable energy consumption, but also increased the power supply during peak hours in the summer months. The clean power supply capacity of the Yalong River Basin exceeds 50 billion kWh.

In September 2023, the joint innovation center established by Yalong Hydro and Huawei Digital Power was officially unveiled. As a large-scale demonstration base for hydro, wind, and solar integration, the Yalong River Basin will become an industry innovation hub for renewable energy development. The two parties will carry out research on clean energy base construction and O&M, plant operation safety and energy saving, and grid-forming energy storage to provide advanced products and solutions for the industry and address various industry pain points and technical difficulties.

"PV + Animal Husbandry" Improves Ecological and Economical Benefits

During the planning and construction of the Kela PV Plant, the local pastoral requirements were fully considered. The PV module supports are raised to 1.8 m above the ground, leaving adequate space for grazing and vegetation growth. PV modules can also reduce the wind speed, reduce water evaporation, and improve the soil water retention and vegetation growth. Yaks on the plateau can freely walk and graze through the power plant.

Light Up the Land Where Solar and Hydro Meet at the World’s Largest Hydro-Solar Hybrid Power Plant

The construction and production of the Kela PV Plant have greatly boosted local employment. More than 3000 local jobs were created during the construction period alone. A series of enablement measures, such as "PV + green industry," "PV + new infrastructure," and "PV + employment," will promote the collaborative development of local agriculture, animal husbandry, tourism, and transportation sectors in the future, creating economic benefits of smart PV across industries.

Light Up the Land Where Solar and Hydro Meet at the World’s Largest Hydro-Solar Hybrid Power Plant

Huawei FusionSolar and Yalong Hydro work together and build a global benchmark for PV and hydropower development in the basin. After the clean energy base of the Yalong River (including the Kela PV Plant) is completed, the annual energy yield will reach 300 billion kWh, meeting electricity demands of 100 million households. In the future, Huawei FusionSolar will work with customers and partners to make higher contributions to the achievement of the dual-carbon goals as well as the construction of a clean, low-carbon, safe, and efficient modern energy system.

Source : Light Up the Land Where Solar and Hydro Meet at the World's Largest Hydro-Solar Hybrid Power Plant

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

Global Distributor Leads in New Product Introductions

SHANGHAI , Oct. 30, 2023 /PRNewswire/ — As an authorized distributor, Mouser Electronics, Inc. is focused on the rapid introduction of new products and technologies, giving customers an edge and helping speed time to market. Over 1,200 semiconductor and electronic component manufacturer brands count on Mouser to help them introduce their products into the global marketplace. Mouser’s customers can expect 100% certified, genuine products that are fully traceable from each manufacturer.

Last quarter, Mouser launched more than 16,000 part numbers ready for shipment.

Some of the products introduced by Mouser from July through September include:

Seeed Studio NVIDIA® Jetson Orin™ Nano 8GB Developer Kit

The NVIDIA Jetson Orin™ Nano 8GB Developer Kit by Seeed Studio delivers up to 40 TOPS performance for entry-level edge artificial intelligence (AI) and robotics. The kit includes a Jetson Orin Nano 8GB module, heat sink, carrier board, and power supply. The rich set of IOs includes USB 3.2 Gen 2 ports, 2x M.2 Key M for SSD, a pre-installed Wi-Fi® module, and more.

STMicroelectronics VL53L7CH Time-of-Flight (ToF) Sensor

The VL53L7CH Time-of-Flight (ToF) sensor from STMicroelectronics features an ultrawide 90° diagonal field-of-view (FoV) and low power consumption. The compact and normalized histogram (CNH) innovative data output is specially designed for AI applications requiring multizone raw data from a high-performance multizone ToF sensor.

Cree LED XLamp® XP-G4 LEDs

The XLamp XP-G4 LEDs from Cree LED incorporate the latest high-power LED technology advancements for improved optical performance while delivering industry-leading efficacy. The XP-G4 LEDs are optimized for a wide range of both indoor and outdoor directional lighting applications requiring precise light control, good color over angle and long-term reliability.

Molex Brad M12 Power L-Code Connector System

Providing space-saving flexibility with the power capacity needed for modern Industry 4.0 innovation, the Brad M12 Power L-Code connector system by Molex meets PROFIBUS and PROFINET International (PI) standards for PROFINET systems. The IP67-sealed connectors and Weld-Slag and Oil-Resistant (WSOR) cables ensure durability and reliability in harsh industrial environments.

To see more of the New Product Insider highlights, go to https://info.mouser.com/new_products/.

About Mouser Electronics

Mouser Electronics, a Berkshire Hathaway company, is an authorized semiconductor and electronic component distributor focused on New Product Introductions from its leading manufacturer partners. Serving the global electronic design engineer and buyer community, the global distributor’s website, mouser.com, is available in multiple languages and currencies and features more than 6.8 million products from over 1,200 manufacturer brands. Mouser offers 27 support locations worldwide to provide best-in-class customer service in local language, currency and time zone. The distributor ships to over 650,000 customers in 223 countries/territories from its 1 million-square-foot, state-of-the-art distribution facilities in the Dallas, Texas, metro area. For more information, visit https://www.mouser.com/.

Source : Mouser Electronics New Product Insider: Over 16,000 New Parts Added in Third Quarter of 2023

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

CHONGQING, China, Oct. 30, 2023 /PRNewswire/ — On October 24, the Fourth Jiangbeizui New Financial Summit concluded with success in Chongqing. With the theme of "New Journey, New Duty, New Finance-Speeding Up the Development of Financial Center in Western China", the summit gathered participants to discuss how to leverage the functions of financial services and advance the integration of financial markets, and offer advice and suggestions on how to build a financial center in western China embracing reform and innovation, thus enabling more diversified and pragmatic cooperation.

Multiple Achievements Released at the Opening Ceremony Attended by Guests From all Walks of Life

The year 2023 marks a critical year to implement the national strategy of building the Chengdu-Chongqing Twin-Hub Mega-Region, as well as a crucial year to initially build a financial center in western China.

Venue of the Fourth Jiangbeizui New Financial Summit held on October 24

Teng Hongwei, Secretary of the CPC Chongqing Jiangbei District Committee, delivered a speech at the opening ceremony. He indicated that Jiangbei District has been diligently aligning with Chongqing’s Smart, Integrated, Inclusive and Facilitated Finance Program and concentrating on three significant aspects: gathering financial institutions, enhancing financial services, and developing financial talent, thereby achieving a multitude of landmark accomplishments. "We sincerely welcome friends from the financial and business circles to take the summit as an opportunity to further explore and invest in Jiangbei, creating new legends of wealth on this attractive land."

It is reported that the financial sector has developed into the pillar industry and a distinctive "signboard" of Jiangbei District. So far, Jiangbei District has attracted a total of more than 500 financial institutions, and 94 regional or higher-level financial headquarters, with more than 80% of the financial headquarters clustered in Jiangbeizui. Jiangbei District also boasts over RMB3.5 trillion of financial assets, accounting for nearly half of Chongqing’s total.

Cao Wenzhong, President, Standing Member of the Party Committee and Director of China Economic Information Service, said that upgrading the development level of the financial industry in Jiangbei District, which serves as the core of the financial center in Western China, is of great significance to the building of the financial center in western China and the formation of high-quality economic growth poles. "We will continue to work closely with Chongqing, injecting new energy for the building of the financial center in western China and a new modernized Chongqing."

At the opening ceremony, a series of significant achievements and initiatives were released, including the "Jiangbeizui Financial Index", the CPC-Finance-Chongqing Initiative to Ease the Burden of Businesses and Increase the Well-Being of People, Guidance on Promoting Chongqing Commercial Banks to Accelerate Digital Transformation and Improve Financing Convenience, and the Initiative on Co-Building the Financial Center in Western China and Empowering Chengdu-Chongqing Economic Circle. On the same day, the 20th anniversary exhibition of Jiangbeizui’s construction and development achievements and a series of interviews with Jiangbeizui’s financial experts were also launched.

Meanwhile, many participants were attracted by the roundtable dialogue with the theme, "Co-Building the New International Land-Sea Trade Corridor in Western China and Sharing New Opportunities for RCEP". The consensus among the guests was that Chongqing is a prime location for investment and industrial development and an industrial rear area that aligns with the national development strategy. They believe that Chongqing will embrace a new bright future, as the construction of the New International Land-Sea Trade Corridor in the Western Region and the financial center in western China progresses.

The Plenary Meeting, a Confluence of Talents and Wisdom, Illuminating Insights Abound

The finance has been given new missions, as China has entered a new stage of development. Based on the national strategies and the features of the new development stage, two plenary meetings centering around "Taking New Actions for Innovation and Reform in Finance in Western China" and "Deepening Financial Cooperation to Facilitate the Development of Chengdu-Chongqing Economic Circle" were held during the summit.

"To advance the construction of the financial center in western China, it is crucial to accelerate the development of digital finance in the region." Xiao Gang, former chairman of the China Securities Regulatory Commission, said it is essential to fully utilize digital technology, promote digital inclusive finance, and further improve financial accessibility for low- and middle-income groups and small and micro enterprises.

In terms of green finance reform, Erik Solheim, former Under-Secretary-General of the United Nations and Chairman of BRI International Green Development Coalition (BRGDIC), said that Chongqing, as an important city in western China, has attracted many financial institutions and investors to participate in renewable energy projects, ecological protection and restoration, and other projects. Financial institutions should view green development as an opportunity, instead of a hindrance, to drive business prosperity.

Li Daokui, Academic Advisor of China Society of World Economics (CSWE) and Director of Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking (ACCEPT), asserted that when finance serves the local economic development, the government should delegate power while strengthening regulation. For example, in terms of strengthening regulation, "taking the construction of a financial center in western China as an example, it is suggested that Chongqing explore the establishment of a long-term capital center and take the lead in debt restructuring, especially local debt restructuring".

To solve the new challenges in building the financial center, Li Yang, Academic Member of the Chinese Academy of Social Sciences and Chairman of the National Institution for Finance & Development, proposed that the future development of the western financial center is no longer just a development of scale and extension, such as setting up institutions, opening markets, and introducing foreign capital, but more about the improvement of financial development quality and the finance ability to serve the real economy, as well as the prevention of systemic financial risks.

Regarding the current global economic situation, Yu Xuejun, a former vice minister level official of China Banking and Insurance Regulatory Commission published his views. In his opinion, inflation and its control are the primary focus of the global economy this year. According to his analysis, it will take at the very least a year for Europe and America to alter their monetary policies.

Diverse Agenda Designed for Parallel Sessions, Providing Intellectual Support from Multiple Aspects

With three sessions held, the Jiangbeizui New Financial Summit has become an annual event that has gained recognition and influence, as well as an important window to keep abreast with the financial development of western China. The summit this year was upgraded with diverse agendas.

Three parallel forums were organized for the summit, during which experts and scholars delivered keynote speeches, held roundtable meetings and presentations centering around "Upgrading Jiangbeizui Financial Party Building Pilot Area, Empowering the Construction of the Financial Center in Western China", "Empowering the Modern Industrial System with the Digital Finance", "Creating a Favorable Capital Market Ecology to Promote the Construction of the Financial Center in Western China", offering intellectual support for taking new steps in building a high-level financial center in western China.

In terms of party building, the participants agreed that upholding the leadership of the CPC is the most significant political task in the financial industry and that affinity to the people is the fundamental requirement for financial work. They suggested that by promoting the construction of factor markets, linking with services for listed companies, and leading by strengthening ESG-enhanced index funds, the district could achieve the "Three Gatherings" of financial institutions, financial functions and financial talents, thus promoting Chongqing’s financial services to be higher quality, more efficient, fairer, more sustainable and securer.

In terms of digital finance, the participants agreed that digital finance is an accelerator of the real economy, but as finance, science and technology develop, financial security becomes more important. Data security, network security, computing power security, and personnel training are among the four major challenges facing fintech development. The participants suggested speeding up the coordination between regulatory provisions and industry compliance, while providing strengthened guarantees for computing power, optimizing the layout of financial computing power network, and improving the comprehensive supply capacity of financial computing power.

As for capital market, the guests proposed that by actively striving for domestic and foreign exchanges to set up service bases in Chongqing, as well as carrying out regional equity system and business innovation pilot projects, Chongqing enterprises’ listing links, mechanisms, policies, and cultivation system have been formed, which offers a good opportunity for enterprises to go public. However, with the expansion of the registration-based IPO system across the A-share market, we should both seize opportunities and respect market rules, making good use of capital market financing tools to enable capital market and truly empower enterprises’ high-quality development.

The summit was held under the guidance of Xinhua News Agency and the Chongqing Municipal Government. It was co-hosted by multiple organizations, featuring the Publicity Department of the CPC Chongqing Municipal Committee, the Chongqing Financial Regulatory Bureau, the CPC Chongqing Jiangbei District Committee, the People’s Government of Jiangbei District, the Xinhua News Agency Chongqing Branch, and the China Economic Information Service, while co-organized by China Forum for Digital Finance Cooperation.

Source : Xinhua Finance: Harnessing Wisdom in Jiangbeizui, Embarking on a New Journey Successful Conclusion of the Fourth Jiangbeizui New Financial Summit

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SHANGHAI, Oct. 30, 2023 /PRNewswire/ — Universal Scientific Industrial (Shanghai) Co., Ltd. (USI, SSE 601231), is pleased to announce the successful completion of its acquisition of the TE Automotive Wireless business from TE Connectivity Ltd. The acquisition was formally closed and completed on October 27, 2023, marking a significant milestone in USI’s strategic growth and expansion initiatives.

Hirschmann Car Communication GmbH is a member of USI.

The acquired business will be resuming its formal name "Hirschmann Car Communication", which has been well-known among the automotive industry. USI, a global leader in electronic design and manufacturing, has discerned the immense potential of Hirschmann Car Communication as a valuable addition to its portfolio. Hirschmann Car Communication will be led by its existing management team continually and remains committed to providing state-of-the-art automotive wireless solutions to its customers.

Jeffrey Chen, Chairman and CEO at USI, stated, "We are thrilled to extend a warm welcome to Hirschmann Car Communication into our corporate family. This strategic acquisition underscores our dedication to advancing automotive electronics and connectivity solutions. The team at Hirschmann Car Communication has demonstrated innovation, resolute, and commitment. Together, we have a common vision for the future of Hirschmann Car Communication and USI."

USI and Hirschmann Car Communication look towards maintaining and strengthening existing relationships with customers, partners, and suppliers, and to explore fresh possibilities and areas to deepen collaborations. This acquisition solidifies USI’s standing as a global leader in electronic solutions and underscores its unwavering commitment to delivering reliable and innovative products to the automotive industry.

About USI (SSE: 601231)

USI, Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) modules. USI provides D(MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With Asteelflash, USI has 28 sales, production and service locations across four continents of Asia, Europe, Americas and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide. USI is a subsidiary of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX). To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.

Source : USI Completes Acquisition of TE Automotive Wireless Business from TE Connectivity Ltd.

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GUANGZHOU, China, Oct. 30, 2023 /PRNewswire/ — The International Finance Forum unveiled winners for the IFF Global Green Finance Award during an award ceremony to conclude the three-day Annual Meeting on Sunday.

The IFF Global Green Finance Award includes the Annual Award (10 recipients), the Innovation Award (10 recipients), and the Spark Award (three recipients).

The Annual Award were awarded to Chinese electrical appliance manufacturer Midea Group, China General Nuclear Power Group, China Southern Asset Management, Ant Group, solar panel producer JA Solar, global insurer AXA, tech giant Baidu, Singaporean manufacturer RGE, Singaporean conglomerate Keppel Corporation and International Capital Market Association.

IFF Co-Chair Han Seung-soo and Chair of the Jury told the recipients of the awards that the IFF will continue with its mission to help ameliorate the climate change by helping leverage private funds more heavily invested into green investment.

"We are very pleased to award this prize to those who have come up with innovative ideas that could help build our society climate-resilient and ecologically sound," said Han.    

The Innovation Award, which recognizes projects that have made significant contribution to sustainable development and carbon neutrality, was awarded to projects by CITICS, Deeprock Net-Zero Technology and Vanke Foundation, Suzhou Rural Commercial Bank and GIZ, PricewaterhouseCoopers Zhong Tian, China Construction Bank and CGS International and Bank of Communications.

Wang Shi, President of Vanke Foundation whose project Biosphere3 won the Innovation Award said at the ceremony that Biosphere3 is a very good example of how a business platform could empower urban communities to become carbon neutral. "I thank the IFF for the recognition of this business model."

CECEP Hundred Technical Service, China Chengxin Green Finance Technology, Sinochem Carbon took home the Spark Award.

Set up in 2020, the IFF Global Green Finance Award are awards for enterprises and institutions that use financial tools to promote green transition as well as projects that help achieving carbon peak and carbon neutrality.

More than 30 institutions from China, Britain, France, Germany, Switzerland and the US etc. were short-listed for this year’s award. The 25-strong jury was led by IFF Co-chair Han Seung-soo, Jenny Shipley, IFF board member and former Prime Minister of New Zealand and IFF Vice Chair Erik Solheim.

Source : The International Finance Forum unveils winners for Green Finance Award

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Cognizant will continue delivering Financial and Accounting (F&A) services for ISS that have already provided an efficiency gain in financial processing for one of the world’s largest facility management organizations

TEANECK, N.J., Oct. 30, 2023 /PRNewswire/ — Cognizant (Nasdaq: CTSH) today has announced a five-year renewal with ISS, a leading workplace experience and facility management company. The extended collaboration will enable Cognizant to continue helping ISS create efficiencies and enhanced innovation within its financial organization across Northern Europe. To date, Cognizant has transitioned multiple and country specific processes and systems into one simplified, consolidated, and automated framework. The enhancements have enabled F&A employees at ISS to process more invoices each year meaning a better experience for their customers and vendors.

Cognizant began the partnership with ISS in 2014 and in that period has successfully delivered an optimized scalable financial and accounting model. This has enabled multiple countries and services to be consolidated under one standardized process and system that improved efficiency and reduced costs. A new control framework has also been delivered which works to reduce duplication within the workflow of Finance & Account processes. Cognizant has also introduced several different tools and systems to improve automation, including duplicate audit tools such as Prohanc and Tracer. During the next phase of the project, Cognizant aims to drive continuous innovation and productivity improvements for the financial organization by providing solutions and processes designed to simplify, harmonize, and standardize the way of working with the goal of achieving further cost savings. Work will also be conducted to design solutions for later deployment across other business units in ISS alongside and in line with a continuous roll out of Global One ISS strategy.

Thomas Djursoe, Country Manager of Cognizant Denmark said: "We are delighted to be continuing our collaboration with ISS to further innovate and create efficiencies for the financial organization in Northern Europe. During our engagement, we have worked together to introduce a new operational model which has improved invoicing and communication for both ISS’s customers and vendors. ISS employees are also working more efficiently and in collaboration with multiple countries which has ultimately resulted in a lower cost for ISS due to the streamlining of operations. We look forward to the next phase of our collaboration and ongoing innovation with ISS."

Pawel Rowicki, Head of Shared Services Transformation at ISS said: "During our engagement with Cognizant we have transitioned from a multiple, and country specific, financial process to one consolidated and automated model. This has significantly improved our efficiency and the overall service we deliver to our vendors and customers. As a result, the finance team now process invoices faster and in a more cost-effective way due to the standardized service we operate. I look forward to the continued collaboration with Cognizant and enhanced innovation and efficiency gains we expect to continue achieving together."

About ISS
ISS, a leading workplace experience and facility management company, provides placemaking solutions that contribute to better business performance and makes life easier, more productive and enjoyable – delivered to high standards by people who care. https://www.issworld.com/en 

About Cognizant 
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

For more information, contact:

EMEA / APAC / Americas:

India:

Christina Schneider

Rashmi Vasisht

[email protected]

[email protected]

Source : Cognizant and ISS extend their relationship to continue driving innovation within ISS's financial organization

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