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Taiwan's Crown Coast Advances JATA Tourism Expo Japan 2023

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Show Its Diversity Resources to Attract International Tourists

TAIPEI, Oct. 30, 2023 /PRNewswire/ — This year (2023), the number of tourists from Japan to Taiwan comes the second only to Hong Kong. In order to appeal the Japanese market and attract tourists to visit Crown Coast, the destination management organization Crown Coast Tourism Union together with high-quality stores within the Crown Coast to participate in the "JATA Tourism Expo Japan 2023" held in Osaka, Japan from October 25th to 29th. With the help of the business meetings, roadshows and international travel exhibitions, Crown Coast Tourism Union shares their unique souvenirs as well as high-quality accommodation/tourist attractions to Japanese tourists such as the famous queen’s head. (This report comes from Staynews)

The number of international tourists visiting Taiwan has exceeded 4 million in September this year, of which Japan is the second largest source of international tourists. Since Crown Coast is closest to the country’s largest airport and harbor, it has a geographical advantage. In order to continue to attract tourists from international market, Crown Coast Tourism Union has cooperated with Tokyo Metro in early October, with the theme of "Visit Crown Coast and Be Queen". By doing social media marketing and promoting in the Osaka International Travel Show, a wealth of Gifts including handmade soap gift box, tickets and island calendar tea bag gift box from Heping Island Geopark, coffee gift box from Café Bayland Mountain, Taipei Travelers International Hostel accommodation voucher, Crown Coast Sightseeing Pass and flying fish roe and perch porridge from Mom’s Soup will be given to Japanese tourists. Crown Coast Tourism Union also cooperates with the famous Japanese travel writer Kengo Kobayashi to publish a Chinese and Japanese version of Crown Coast travel photography book next year, hoping to show the charm of Crown Coast to everyone in a diverse way.


Beauty of Heping Island Geopark

 


Café Bayland Mountain

In addition to the tourism providers mentioned above, there are more providers such as Keelung 1915 Yangming Oceanic Culture and Art Museum, Keelung Quan Li Rice Cookie, Hicar Tour, PopSmile Popcorn Factory, Jinshan Shutong Yao, etc. all provided promotional materials for the public for free. The Crown Coast Tourism Union also specially invited Japanese web celebrity Mana to shoot a travel video, hoping to connect online and offline activities to share the delicious food and beauty of Crown Coast with Japanese tourists to expand the footprint of international tourists visiting Crown Coast.

For more information, please visit
https://theme.northguan-nsa.gov.tw/crowncoast/index.aspx?l=2

Media contact: [email protected] 

Source : Taiwan's Crown Coast Advances JATA Tourism Expo Japan 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

Global economy to expand 3.1% in 2023, IFF report projects

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GUANGZHOU, China, Oct. 30, 2023 /PRNewswire/ — Global economy will slow to 3.1% in 2023 as monetary policy tightening, the war in Ukraine and lingering effects of the Covid-19 pandemic continue to affect global growth, the IFF Global Finance and Development Report 2023 projects. 

China’s GDP is projected to grow 5.2% in 2023 and slow to 5% in 2024 as the country rolled out a series of stimulus packages, according to the Report released during the IFF 2023 Annual Meeting on Saturday. 

The Report now projects global economy will remain weak in 2024 with global GDP expanding 3.1%.

Global consumer prices will fall to 7% this year, down from 9.2% in 2022 and inflation will drop further to 5.8% in 2024.

U.S. economy is to expand 2% in 2023 while the EU GDP is projected to grow 0.8% this year and 1.5% in 2023.

Looking ahead, global economy still faces strong headwinds – core inflation in many countries still stay well above central banks’ targets as geopolitical issues including the war in Ukraine could further rock global energy and food markets; monetary policy tightening in an effort to rein in inflation could further dampen demand; geopolitical tensions could further trigger economic slowdown and runaway inflation; the uncertainty of China’s economic growth momentum this year could have negative impact on global growth.

The Report recommends monetary policy tightening without sacrificing global financial stability, consolidating fiscal position while protecting vulnerable groups, accelerating structural reform and deepening international cooperation and promoting multilateralism.

The Report also looked at the global finance market including the US regional bank crisis, US debt ceiling standoff, the impact of policy rates on currency performance and China’s local government and corporate debts.

Vulnerabilities in China’s financial system are unlikely to escalate into systematic risks according to the Report.

The Report also examines global and China’s green bond markets, carbon markets as well as global green finance policies. The IFF calls on the international communities to join force in fighting climate crisis.

The Report also provides insight into global digital finance, particularly the application of technologies including big data, blockchain and artificial intelligence.

The IFF Global Finance and Development Report, released every year during the IFF Annual Meeting, offers insights into China’s and global economy as well as the financial markets.

Source : Global economy to expand 3.1% in 2023, IFF report projects

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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

Asia Pacific Enterprise Awards 2023 Regional Edition Paves the Path for a Resurgent Asia

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Asia Pacific Enterprise Awards 2023 Regional Edition Paves the Path for a Resurgent Asia

SINGAPORE, Oct. 30, 2023 /PRNewswire/ — In a dazzling celebration of regional excellence, the Asia Pacific Enterprise Awards (APEA) 2023 Regional Edition took center stage to honor outstanding businesses and visionary leaders who have played a pivotal role in propelling their enterprises to new heights on the global stage in the post-pandemic era. The prestigious event, held in Singapore, marked a momentous occasion that underscored the resilience, innovation, and unwavering commitment of Asian entrepreneurs and enterprises in the face of unprecedented challenges posed by the COVID-19 pandemic.


Asia Pacific Enterprise Awards 2023 Regional Edition Paves the Path for a Resurgent Asia

Organized annually in 16 markets by regional NGO Enterprise Asia, the Awards presents Asia’s largest award networking platform. Since 2007, the Awards has been organized all over the region with past recipients comprising Taiwan’s Douglas Tong Hsu, Hong Kong’s Francis Lui and Lawrence Ho, TTC Vietnam’s Dang Van Thanh, Thailand’s Somphote Ahunai, Cuckoo Malaysia’s Hoe Kian Choon, Indonesia’s Hary Tanoesoedibjo and Mochtar Riady, India’s Adi Godrej, and the Philippines’ Dennis Anthony Uy.

The award recipients were selected from over 150 nominees through a rigorous evaluation process by a jury of prominent judges across four categories: Master Entrepreneur, Inspirational Brand, Fast Enterprise, and Corporate Excellence.

Richard Tsang, President of Enterprise Asia, stated in his welcome speech, "With a staggering market capitalization of 31 trillion U.S. dollars in 2023, Asia not only embodies immense economic potential but also the remarkable diversity and dynamism defining today’s global marketplace. The distinguished recipients of tonight’s awards stand as exemplars of unwavering commitment, adeptly transforming challenges into growth opportunities. The Asia Pacific Enterprise Awards not only celebrates individual successes but also serves as a testament to the boundless potential that our region holds. This recognition is a powerful reminder that, despite the challenges, we stand stronger together, ready to face the evolving global economic landscape."

Among the notable awardees are Datuk Seri (Dr.) Subramaniam Pillai, Founder & Group Executive Director of Dhaya Maju Infrastructure (Asia) Sdn Berhad, and Dr. Steve Mark Gan, Chairman & CEO of Gan Advanced Osseointegration Center Group Of Companies, whose exceptional entrepreneurial acumen have not only propelled their enterprises to remarkable success but have also made a significant and lasting impact on the regional business landscape.

Further outstanding awardees include Gogochart Technology Limited of Hong Kong and Iso Tank Management Pte. Ltd. of Singapore under the Fast Enterprise category, Rizal Commercial Banking Corporation of the Philippines under the Inspirational Brand category, and Government Housing Bank of Thailand under the Corporate Excellence category.

Prior to the APEA 2023 Regional Edition, the Asia Economic Forum (AEF) 2023 was held in the day. The forum convened over 300 C-suite-level executives, business leaders, and policymakers from 19 countries. Themed "Capturing Opportunities In A Resurgent Asia", the forum provided a regional platform for leading thought leaders and HR experts to explore synergies, tackle the most pressing challenges and opportunities that are present in the region, and foster deeper collaboration that will shape Asia’s economic ecosystem.

The Chairman of Enterprise Asia, Tan Sri Dr. Fong Chan Onn, expressed at the forum’s opening that "Our mission is to explore synergies that transcend borders, to address the most pressing challenges with innovative solutions, and to identify and seize the boundless opportunities that Asia offers. We are here to foster deeper collaboration that will not only shape Asia’s economic ecosystem but also redefine the contour of global commerce. As we embark on this exciting journey, let us not forget the power that resides within the collective minds and hearts of those present in this room. It is our collective wisdom, our shared aspirations, and our collaborative spirit that will steer us toward a brighter and more prosperous future."

The speakers were Brajesh Singh, Director of Talent Acquisition – APAC & ME at Capgemini; Daniel Kusmanto, Director of Digital HR & People Analytics | Global People Services at ASM; Darren Thayre, Head of Innovation, Global Strategic Initiatives at Google; Dr. Joey Tan, Head of Sustainability (ASEAN) at Amazon Web Services Singapore Pte. Ltd.; Lt General Sudhir Sharma, Chairman of MitKat Advisory Services and Advisor to Enterprise Asia; Malminderjit Singh, Chief Operating Officer of Asia Pacific at Speyside Group; Pallavi Srivastava, Senior Director APAC HR – Business Functions at Johnson Controls; Santanu Ghosh, Head of Digital at Asia Pulp & Paper, Sinar Mas; Sarjit Singh, Chairman of Chartered Accountants Australia and New Zealand Singapore Overseas Regional Council; and Tan Kwan Chet, Lead of Technical Consultancy, 100 Experiments (100E) at AI Singapore (AISG).

The AEF 2023 and APEA 2023 Regional Edition are supported by the International Chamber of Commerce – Philippines, Kuala Lumpur Malay Chamber of Commerce, Latin American Chamber of Commerce Singapore, Malaysia Entrepreneurs’ Development Association, Malaysian Alliance of Corporate Directors, Malaysian Investment Development Authority, Myanmar Business Executives Association, Singapore Chamber of E-Commerce, Singapore Exhibition & Convention Bureau, Singapore-Thai Chamber Of Commerce, The Philippine Retailers Association, UAE Singapore Business Council, and Vietnam Chamber of Commerce Singapore. PR Newswire is the Official News Release Distributor, and Bangkok Post, BusinessWorld, Commercial Times, Dailywire.asia, Hong Kong Economic Times, and SME Magazine are the media partners.

FULL RECIPIENT LIST OF THE ASIA PACIFIC ENTERPRISE AWARDS 2023 REGIONAL EDITION

MASTER ENTREPRENEUR CATEGORY

NAME

COMPANY

INDUSTRY

COUNTRY/ MARKET

DATUK SERI
(DR.) SUBRAMANIAM PILLAI

FOUNDER & GROUP EXECUTIVE DIRECTOR

DHAYA MAJU INFRASTRUCTURE (ASIA) SDN BERHAD

CONSTRUCTION

MALAYSIA

DR. STEVE MARK GAN

CHAIRMAN & CEO

GAN ADVANCED OSSEOINTEGRATION CENTER GROUP OF COMPANIES

HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY

THE PHILIPPINES

KRISHNAMANI KANNAN

CEO & CO-FOUNDER

MAXIMA LOGISTICS PTE LTD

TRANSPORTATION & LOGISTICS

SINGAPORE

DR. TEO KIM TECK

FOUNDER & MANAGING DIRECTOR

POLYMERIC TECHNOLOGY SDN BHD

CHEMICAL & PLASTICS

MALAYSIA

ZAW MIN THANT

CHAIRMAN & FOUNDER

PYEI SONE HEIN GROUP CO.,LTD

ELECTRICAL & ELECTRONICS

MYANMAR

 

FAST ENTERPRISE CATEGORY

COMPANY

INDUSTRY

COUNTRY/ MARKET

EASTERN SUNTECH ENGINEERING & CONSTRUCTION SDN. BHD.

CONSTRUCTION

MALAYSIA

GOGOCHART TECHNOLOGY LIMITED

PROFESSIONAL & BUSINESS SERVICES

HONG KONG

ISO TANK MANAGEMENT PTE.LTD.

TRANSPORTATION & LOGISTICS

SINGAPORE

 

INSPIRATIONAL BRAND CATEGORY

COMPANY

INDUSTRY

COUNTRY/ MARKET

RIZAL COMMERCIAL BANKING CORPORATION

FINANCIAL SERVICES

THE PHILIPPINES

SHHH

CONSUMER GOODS

HONG KONG

 

CORPORATE EXCELLENCE CATEGORY

COMPANY

INDUSTRY

COUNTRY/ MARKET

24/7 CUSTOMER PHILIPPINES INC.

PROFESSIONAL & BUSINESS SERVICES

THE PHILIPPINES

CENTRAL RETAIL CORPORATION PUBLIC COMPANY LIMITED

RETAIL

THAILAND

GAN ADVANCED OSSEOINTEGRATION CENTER GROUP OF COMPANIES

HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY

THE PHILIPPINES

GOGOCHART TECHNOLOGY LIMITED

PROFESSIONAL & BUSINESS SERVICES

HONG KONG

GOVERNMENT HOUSING BANK

FINANCIAL SERVICES

THAILAND

IDS MEDICAL SYSTEMS PHILIPPINES, INC.

HEALTHCARE, PHARMACEUTICAL & BIOTECHNOLOGY

THE PHILIPPINES

POLYMERIC TECHNOLOGY SDN BHD

CHEMICAL & PLASTICS

MALAYSIA

SUN ENERGY

ENERGY

INDONESIA

SUN LIFE PHILIPPINES

FINANCIAL SERVICES

THE PHILIPPINES

 

About Asia Economic Forum (AEF)
Launched in 2012, the Asia Economic Forum serves as an open platform for thought leaders, policymakers, and C-level executives to unite and shape regional initiatives to improve the well-being of communities. Please visit https://economicforum.asia/ for more information.

About Asia Pacific Enterprise Awards (APEA)
Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit www.apea.asia.

Source : Asia Pacific Enterprise Awards 2023 Regional Edition Paves the Path for a Resurgent Asia

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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

International Finance Forum 2023 Annual Meeting opens in Guangzhou

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World leaders urge multilateralism and closer cooperation at IFF 20th Anniversary

GUANGZHOU, China, Oct. 30, 2023 /PRNewswire/ — The International Finance Forum (IFF) 20th Anniversary and Annual Meeting opens in Guangzhou as World leaders, financial and business executives and academics gather in Nansha, Gangzhou to call for multilateralism and closer cooperation.

IFF Co-Chair, former Governor of the People’s Bank of China Zhou Xiaochuan, governor of Guangdong Province Wang Weizhong, Chief Executive of the Hong Kong Special Administrative Region Lee Ka Chiu and IFF Co-Chair Han Seung-soo addressed the Opening Ceremony. The Acting Mayor of Guangzhou Sun Zhixiang opened the ceremony.

In his opening remarks, Zhou said: "countries should strengthen cooperation to solve economic challenges. Instead of building barriers, decoupling and economic coercion, we should defend multilateralism and build an open global economy. We object protectionism and should actively get involved in the reform of the World Trade Organization."

Wang Weizhong, Governor of Guangdong Province, said: "Guangdong will continue to upgrade its level of opening-up and quicken the process of building an open and international market that is based on law."

Wang adds that only open cooperation can lead to win-win situation.

IFF Co-Chair Han Seung-soo said : "on this auspicious occasion of the 20th anniversary of its founding and at the world’s best financial convention hall, we at the IFF should do our best to steer the ship through unchartered water with collective resolve, openness to reform and careful coordination to navigate towards more stable and sustainable global financial horizon."

In his congratulatory letter, António Guterres, the Secretary-General of the United Nations urged international financial institutions, governments and private sector to work together to scale up development and climate finance.

President of Singapore Tharman Shanmugaratnam, Managing Director of the International Monetary Fund Kristalina Georgieva, Director-General of the World Trade Organization Ngozi Okonjo-Iweala, IFF Co-Chair fomer Prime Minister of New Zealand Jenny Shipley, IFF Board Member and former President of the Philippines Gloria Macapagal Arroyo, President of the French Constitutional Council Laurent Fabius and Vice President of East Asia and Pacific Region of the World Bank Group Manuela Ferro also addressed the opening ceremony.

Ho Hau Wah, former Chief Executive of the Macao Special Administrative Region also congratulated the IFF for its 20th anniversary.

Source : International Finance Forum 2023 Annual Meeting opens in Guangzhou

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FETCi Collaborates with Moxa and SiS to Showcase Free Flow Tolling Solution at The Roads and Traffic Expo

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BANGKOK, Oct. 30, 2023 /PRNewswire/ — FETCi, a global leading innovator in tolling solutions, is excited to announce its collaboration with Moxa and SiS (SiS Distribution (Thailand) PCL) to present their cutting-edge Free Flow Tolling Solution at the highly anticipated The Roads and Traffic Expo Thailand. The event is scheduled for November 1-2 at BITEC, Bangkok, where professionals, experts, and enthusiasts from the transportation industry will gather to explore the latest advancements in the field.

FETCi’s Free Flow Tolling Solution has been a game-changer in the toll collection and intelligent transportation domain, and this collaboration with Moxa and SiS further solidifies its commitment to revolutionizing the way we approach road infrastructure. The joint showcasing at the Roads and Traffic Expo Thailand promises to be a highlight of the event, offering attendees an exclusive opportunity to witness the "Enabler of Nationwide Digital Transformation."

Free flow tolling is the latest worldwide trend of toll collection, eliminating the need for traditional toll booths and barriers, often leading to traffic congestion, delays, and increased carbon emissions. FETCi’s solution employs cutting-edge technology such as advanced detectors, sensors, Smart Remote I/O, Artificial Intelligence, transaction validation, and seamless payment integration to streamline the tolling process. Drivers can now enjoy uninterrupted travel, while authorities benefit from improved traffic management and increased revenue collection.

Moxa, a leader in industrial communications and networking, brings valuable insights and resources to this collaboration. Together with FETCi and its distributor SiS, they are poised to present a holistic approach to free flow tolling, addressing the technical aspects and the network equipment required for seamless implementation.

"We are thrilled to partner with Moxa and SiS to demonstrate the future of toll collection at the Roads and Traffic Expo Thailand," said Kenny Chen, Managing Director at FETCi Thailand. "Our Free Flow Tolling Solution represents a significant leap forward in the tolling industry, promoting efficiency, sustainability, and convenience for road users and government agencies. We look forward to showcasing the potential of our collaboration with Moxa and SiS to a global audience at the expo."

Visitors to the Roads and Traffic Expo Thailand can expect demonstrations, expert presentations, and the opportunity to interact with FETCi and SiS representatives to gain in-depth insights into this transformative technology.

The FETCi, MOXA, and SiS’ booth will be located at C. 18 during the EXPO, and the team welcomes all attendees to come and learn more about the future of toll collection and traffic management. Don’t miss this chance to witness the convergence of innovation and infrastructure at its finest.

About FETC International:
FETC International is the world’s leading intelligent tolling service enabler and ITS service provider. It is a wholly-owned subsidiary of its parent company, Far Eastern Electronic Toll Collection Company(FETC) in Taiwan. It is a globally awarded ETC, Smart Highway, and Smart City expert with more than two decades of experience in planning, implementation, and operation. FETC International aims to work with our partners to accelerate digital transformation through tolling service and seamless migration to smart highways and smart cities through the latest technology, including RFID, AI ANPR, 5G, and Cloud Computing.

Visit www.fetci.com to learn more.

About Moxa Inc.:
Moxa is a leader in edge connectivity, industrial computing, and network infrastructure solutions for enabling connectivity for the Industrial Internet of Things. With over 35 years of industry experience, Moxa has connected more than 94 million devices worldwide and has a distribution and service network to serve customers in more than 85 countries.

About SiS :
SiS Distribution (Thailand) PCL. is a leading IT&OT distributor which was listed on the Stock Exchange of Thailand in 2004 with the vision of being the leader in introducing technology to increase the efficiency of consumers and various segments by providing sales and services to more than 9,000 dealers in Thailand.

Source : FETCi Collaborates with Moxa and SiS to Showcase Free Flow Tolling Solution at The Roads and Traffic Expo

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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

KPMG Welcomes Hong Kong’s Tax-related and Talent Policies: A Step in the Right Direction

KPMG Welcomes Hong Kong's Tax-related and Talent Policies: A Step in the Right Direction

HONG KONG SAR – Media OutReach – 30 October 2023 – KPMG welcomes the recent tax-related policy measures and talent retention policies announced in the Policy Address. These initiatives mark a significant step forward in addressing key challenges faced by the city.

In response to the current residential property market and economic conditions in Hong Kong, the government has adjusted the demand-side management measures for residential properties. Notably, this includes a reduction in the rates of both the Buyer’s Stamp Duty and the New Residential Stamp Duty from 15% to 7.5%, effectively lowering transaction costs for homebuyers. Ivy Cheung, Regional Senior Partner in Hong Kong SAR, KPMG, said, “We agree with the government’s decision and believe that continued monitoring of the property market is necessary to ensure its healthy and stable development.”

The Capital Investment Entrant Scheme will enable eligible investors who invest HK$30 million or more in assets such as stocks, funds, and bonds to apply for entry into Hong Kong. Ivy Cheung further added, “Considering the minimum asset threshold of HK$240 million under the family office tax regime, this threshold is not high, and ultra-high net worth (UHNW) families should not face difficulties meeting the requirement. The Scheme, along with the family office tax regime effective from the 2022/23 tax year, will contribute to the development of family office businesses in Hong Kong and enhance its status as an international asset management centre. We look forward to the announcement of the further details of the Scheme by the end of this year.”

Commenting on the talent initiatives, Ivy Cheung said:The introduction of the Multiple-entry Visa to the Mainland for Foreigners Working in Companies Registered in Hong Kong is highly welcomed as it aligns well with the goal of attracting overseas companies to set up operations in Hong Kong. The ability for foreign executives to have easy access to the Mainland through multiple-entry visas will give Hong Kong an advantage over other jurisdictions. The administrative friction that often accompanies frequent travel to the Mainland will be alleviated, making Hong Kong an attractive destination for companies and talents alike.”

Regarding the Talent List coverage, she commented: “The Talent List currently covers a wide range of professions and industry segments, and we suggest including accountants in the list. Additionally, streamlining the application approval processes will support the smooth movement of talent into Hong Kong.”

These policies implemented by the Hong Kong government are steps in the right direction to address the talent shortage. By continuously evaluating and refining these policies, KPMG believes that Hong Kong could remain competitive and attractive to professionals from various fields, thereby bolstering its position as a global hub for professionals.

With the strong support of Chinese Mainland and the close connection to the world, Hong Kong should capitalize its strength as the only world-class city that can benefit from both Chinese Mainland and the rest of the world.

Hashtag: #KPMG

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

About KPMG China

KPMG China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

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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.

Kenanga Investors Launches Asia Pacific ex Japan Focused Fund

Kenanga Investors Launches Asia Pacific ex Japan Focused Fund

The Kenanga Islamic Asia Pacific (ex Japan) Total Return Fund seeks to provide Shariah-compliant long-term capital growth for investors.

KUALA LUMPUR, MALAYSIA – Media OutReach – 30 October 2023 – Kenanga Investors Berhad (“Kenanga Investors”) has announced the launch of the Kenanga Islamic Asia Pacific (ex Japan) Total Return Fund (“Fund”). The Fund is a Shariah-compliant equity fund that invests in a diversified portfolio of Shariah-compliant equities and Shariah-compliant equity related securities of companies in the Asia Pacific (ex Japan) region (“APAC Region”).

From left to right: Lee Sook Yee, Chief Investment Officer, Christopher Kok, Head, Equities and Ranjit Gill, Head, Product Development at the launch of the Kenanga Islamic Asia Pacific (ex Japan) Total Return Fund.
From left to right: Lee Sook Yee, Chief Investment Officer, Christopher Kok, Head, Equities and Ranjit Gill, Head, Product Development at the launch of the Kenanga Islamic Asia Pacific (ex Japan) Total Return Fund.

“Kenanga Investors is dedicated to offering our investors regional Shariah-compliant exposure, driven by robust demand from investors for a fund with an Asia Pacific focus viewed through a Shariah-compliant investing lens,” said Executive Director and Chief Executive Officer, Datuk Wira Ismitz Matthew De Alwis.

The Fund offers investors a unique opportunity to tap into the APAC Region’s potential for economic growth, spurred on by the region’s increasing integration into the global economy and rising affluence as its young population is lifted out of poverty into a growing middle class, among other tailwinds.

“We have observed that many countries in the APAC Region are implementing economic reforms and welcoming foreign investments, further integrating and increasing their influence on the global economy. The region is also punching above its weight globally within the fields of renewable energy, battery storage, electric vehicles, semiconductors and various other drivers of the economy of the future. Additionally, with a population of over 4.5 billion that is relatively youthful, the APAC Region is also expected to enjoy a demographic dividend over the next decade further fuelling its growth. Indeed, growth in the APAC Region is expected to outpace global growth for the next few years. Given the convergence of these positives, I believe the Fund will provide significant investment opportunities for investors particularly in areas such as technology, consumer goods and services, industrials and healthcare” added Datuk Wira De Alwis.

He also highlighted the benefit of reducing exposure to any one country or region in today’s investment climate. “Investing at a broad regional level carries the benefit of mitigating risk due of political, regulatory and economic uncertainties and improved overall portfolio performance. By investing in a range of countries in the region, investors can spread their risks of any one country’s developments on their portfolios”, he said.

The Fund utilises an absolute return strategy to provide capital appreciation over the long-term. “The Fund will be managed without benchmark constraints, which provides the flexibility to identify and implement the optimal investment strategy without single sector constraints. This includes bottom-up stock picking to select stocks with the greatest capital appreciation potential and controlled volatility,” explained Chief Investment Officer Lee Sook Yee.

The Fund’s investment process involves seeking out businesses with sustainable returns on Shariah-compliant equity (ROE), which are trading at a significant discount to their intrinsic value. “We believe ROE to be a suitable gauge of the success of a business as it provides common shareholders with a sustainable measure of how effectively their investment capital is being employed over a given period of time”, added Lee.

The Fund is suitable for investors seeking long-term capital growth and are willing to accept Shariah-compliant equity risk to obtain potentially higher returns and wish to have Shariah-compliant investments in the APAC Region with a minimum initial investment amount of RM1,000.

For more information about Kenanga Investors Berhad, please visit www.kenangainvestors.com.my.

Hashtag: #Kenanga

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

Kenanga Investors Berhad 199501024358 (353563-P)

We provide investment solutions ranging from collective investment schemes, portfolio management services, and alternative investments for retail, corporate, institutional, and high net worth clients via a multi-distribution network.

The Hong Kong-based Asia Asset Management’s 2023 Best of the Best Awards awarded KIB under the following categories, Malaysia Best Impact Investing Manager, Malaysia Best Equity Manager, Malaysia CEO of the Year, Malaysia Best House for Alternatives and Malaysia Most Improved Fund House.

At the Refinitiv Lipper Fund Awards Malaysia 2023, KIB won overall best Mixed Assets – Malaysia Pension Funds Group award for the fourth time. Accompanying this were individual fund wins awarded to:
· Kenanga Malaysian Inc Fund (“KMIF”) for best Equity Malaysia Diversified – Malaysia Provident Funds over 10 Years
· Kenanga Managed Growth Fund (“KMGF”) for best Mixed Asset MYR Flexible – Malaysia Provident Funds over 3 Years
· Kenanga Managed Growth Fund (“KMGF”) for best Mixed Asset MYR Flexible – Malaysia Provident Funds over 5 Years
· Kenanga Managed Growth Fund (“KMGF”) for best Mixed Asset MYR Flexible – Malaysia Provident Funds over 10 Years

The Asset Benchmark Research has ranked KIB as Highly Commended on its list of ‘Top Investment Houses’ in the Asian Local Currency Bond Awards for Asset Managers.

At the United Nations Global Compact Network Malaysia & Brunei (“UNGCMYB”) Sustainability Performance Awards 2022, we received the “Sustainable Products” award for our launch of sustainable products, which cover the Kenanga Sustainability Series – a suite of multi-asset class products rooted in sustainability considerations to advance long-term financial growth for investors and to generate social and financial value for surrounding communities. The award also recognised the first SRI-qualified high yield bond fund in Malaysia, the Kenanga Sustainability Series: High Yield Bond Fund.

The FSMOne Recommended Unit Trusts Awards 2023/2024 named Kenanga Growth Fund Series 2 as “Sector Equity – Malaysia Focused”, Kenanga Shariah Growth Opportunities Fund as “Sector Equity – Malaysia Small to Medium Companies (Islamic)” and Kenanga Shariah OnePRS Growth Fund as “Private Retirement Scheme – Growth (Islamic)”.

This Press Release was issued by Kenanga Group’s Marketing, Communications & Sustainability department.

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The British Council hosted its flagship New Directions Conference and Future of English Exhibition

The British Council hosted its flagship New Directions Conference and Future of English Exhibition

Providing a unique platform for sharing both cutting-edge developments and best practice in English language teaching, learning and assessment across the Asia-Pacific

SINGAPORE – Media OutReach – 30 October 2023 – The British Council, the UK’s international organisation for educational opportunities and cultural relations, hosted its annual regional flagship language testing and assessment conference, New Directions East Asia and the Future of English exhibition, with the aim of creating a dynamic space in which regional and international policy makers, educational professionals, academics, teachers and assessment practitioners can interact, exchange information and keep abreast of the leading developments in English language teaching, learning and assessment. The regional conference and exhibition took place from 27 to 29 October in Hanoi, Viet Nam.

Themed The Future of English Language Assessment in Learning Systems, the conference focused on reimagining the future of learning and education system reform and build stronger, more inclusive, internationally connected English language teaching, learning and assessment systems through exchange of insight, learning and ideas to benefit hundreds of millions of young people. This year the conference was attended by more than 400 participants from over 12 countries across the Asia-Pacific region.

After a decade of bringing together the language assessment and learning community of the Asia-Pacific region to engage in discussion on key topics and to share innovative solutions to challenges in testing and education, this year’s New Directions conference took a retrospective view of how shifts in language, learning and assessment over the last 10 years are shaping the future of English and education systems across the region. It also aimed to gain a broader perspective on the role of language testing in the teaching, learning and assessment system, and consider a more holistic view of the integrated skills that make up communicative proficiency.

Key speakers and panellists at the New Directions conference included thought leaders and educational experts in the field of English Language Assessment including Dr Huu Nguyen, Director, National Foreign Languages Project, Ministry of Education and Training of Viet Nam and Vice Director, Center for Language Testing and Assessment, VNU; Prof Yukio Tono, Professor at the Graduate School of Global Studies and Director of the World Language Center, Tokyo University of Foreign Studies; Professor Barry O’Sullivan OBE, Head of Assessment Research & Development, British Council; and Associate Professor Jirada Wudthayagorn, Director, Chulalongkorn University Language Institute and President, Asian Associate of Language Assessment.

Mark Walker, Global Director of English and Exams, British Council, said: “English will retain its position as the world’s most widely spoken language over the next decade and teachers will continue to be at the heart of English learning, even in the face of increased automation, AI and machine learning. As a leader in English language teaching, learning and assessment, the British Council is shaping the future of English in a multilingual world through innovation and international partnerships with the aim to enhance English language assessment in education systems.”

Heather Forbes, Regional Exams Director, East Asia, at the British Council, said: “This year’s New Directions East Asia conference explored questions around what English could look like and how it will be used. We discussed what broader competencies are necessary in a rapidly changing and digitally enabled communication landscape, and how these can be developed and assessed in the future. We also explored the potential changes of language education policy and reform in Vietnam and the wider East Asia region. Additionally, our Future of English exhibition, which is part of the New Directions conference, provided a platform to share global perspectives about the future of English with partners, thought leaders, teachers and learners around the world.”

The Future of English exhibition, held alongside the New Directions conference, featured interactive elements which asked visitors for their views on the future of the English language and showcased key themes from the landmark publication Future of English: Global Perspectives – English in education, English in the workplace, and English in the community. This book is the first publication in a major programme of research and global engagement started by the British Council in 2020.

For more information on the New Directions Conference please visit:
https://www.britishcouncil.vn/en/new-directions-2023

For more information on the Future of English exhibition please visit: https://www.britishcouncil.org/future-of-english

Hashtag: #BritishCouncil

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

British Council

The British Council is the UK’s international organisation for cultural relations and educational opportunities. We support peace and prosperity by building connections, understanding and trust between people in the UK and countries worldwide. We do this through our work in arts and culture, education and the English language. We work with people in over 200 countries and territories and are on the ground in more than 100 countries. In 2021–22 we reached 650 million people.

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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.