At present, locomotive products from CRRC can be found in 83% of the countries and regions with railways in the world and China’s high-speed trains increasingly become the focus of world attention. CRRC is a "golden card" for China’s high-end equipment to go global. Its Fuxing bullet train leads the world in terms of train manufacturing standards.

https://static.prnasia.com/pro/fec/jwplayer-7.12.1/jwplayer.js jwplayer.key=”3Fznr2BGJZtpwZmA+81lm048ks6+0NjLXyDdsO2YkfE=” jwplayer(‘myplayer1’).setup({file: ‘https://mma.prnasia.com/media2/2250713/1018.mp4’, image: ‘https://mma.prnasia.com/media2/2250713/1018.mp4?p=medium’, autostart:’false’, stretching : ‘uniform’, width: ‘512’, height: ‘288’});

CRRC Tangshan Co., Ltd. is an important part of CRRC. Currently, the trains made by CRRC Tangshan are running in more countries along the Belt & Road to let the world feel the innovation and speed of China.

Today, Nedelina from Bulgaria, with her curiosity about China’s high-speed train, will take the Fuxing bullet train to start a journey of exploration.

Supervising Producers: Na Shuchen, Zhang Yanping, Wang Yuelu
Chief Producers: Li Yao, Liu Liu
Planners: Jing Tingnan, Shi Yang, Yang Jianmin, Zhang Guangming
Choreographer-directors: Zheng Bai, Song Lifang, Zhou Yabin
Cinematographers: Wang Shouyi, Zhang Rongpeng
Editors: Li Wenpei, Zhao Boxuan
Script Translators: Zheng Bai, Mi Wenting(Intern)
Text proofreaders: Song Lifang, Li Shi (Intern)
Instructor Unit: Information Office of People’s Government of Hebei Province
Supporting Unit: Hebei Foreign Publicity and Exchange Center
Special thanks to: CRRC Tangshan Co., LTD.
China Railway Beijing Group Co., Ltd.
Shijiazhuang Passenger Transport Section

Source : What Hebei Can Offer丨B&R Drives RTS to World

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

Delta Unveils its New Brand Value Proposition 'Realizing an Intelligent, Sustainable and Connecting World' at Industrial Transformation ASIA-PACIFIC (ITAP) 2023

CISION PR Newswire

Oct 18, 2023

Showcases include smart and energy-saving datacenter and automation solutions that are fostering the pillars of sustainable cities

SINGAPORE, Oct. 18, 2023 /PRNewswire/ — Delta, a global leader in power and thermal management solutions, unveiled its new brand value proposition, ‘Realizing an Intelligent, Sustainable and Connecting World’ with its broad range of datacenter and automation solutions at the Industrial Transformation ASIA-PACIFIC (ITAP) 2023. The showcase underscores how Delta is enabling the computing and communication foundations of smart cities with its One-stop Datacenter Infrastructure Solution, which features a smart and modular design, as well as energy-saving power and cooling systems to help customers create energy-efficient and scalable data centers in a matter of weeks, especially for edge applications.

Delta Unveils its New Brand Value Proposition at ITAP 2023

Speaking at the event, David Leal, Vice President of SEA Business, said, "Delta continuously innovates to better fulfill customers’ needs and emissions reduction goals with intelligent, sustainable and connecting solutions. From 2010 to 2022, Delta’s high-efficiency products and solutions helped our customers worldwide save over 39.9 billion kWh of electricity, which is enough to power Singapore for almost 9 months. We are excited to meet our customers and partners at ITAP to accelerate sustainable development in Southeast Asia together."

Delta’s One-stop Datacenter Infrastructure Solutions integrate the power systems, cooling systems and monitoring platforms and can be delivered either in building or containerized design, providing energy-efficient and scalable solutions to customers. Visitors could explore the 200kW Delta Containerized Data Center implemented for the Singapore-based Campana Group at Delta’s booth with a 3D printed model and VR immersive experience.

Held from Oct 18 to 20, ITAP is a HANNOVER MESSE event and a strategic platform that evolves with the industry and is shaped by leaders and experts in support of transformation. Delta’s exhibition booth is located at Singapore Expo, Hall 2, booth 2E02.

Delta’s Highlights at ITAP 2023:
One-stop Datacenter Infrastructure Solutions:
Delta’s modular and scalable energy-efficient datacenter infrastructure which includes power systems, cooling systems and monitoring platforms, can meet customer business requirements with high flexibility. The Tier III certified solutions help to save time and money on obtaining Uptime TCDD certification.

Containerized Datacenter Solutions:
The solution integrates subsystems including UPS, power distribution, battery, cooling, racks. As a prefabricated, pretested, and fully configured architecture, it enjoys high portability for edge computing applications and offers fast deployment in weeks compared with many months for traditional construction.

Power Train Unit (PTU) Solutions:
The solutions can be deployed as an outdoor AC/DC or AC power container or an indoor power skid pre-assembled power system, offering scalable power for datacenters with high reliability and efficiency.

iBMS Smart Building Management Systems:
Combining Delta’s building management systems with Building Information Modeling (BMI) technology, users can manage all the building sub-systems, including smart surveillance, air conditioning, lighting, energy and fire control in 3D dimension with visualized analysis. This aids with maintenance and reduces accident handling time. It can be applied in buildings, factories and communities.

Delta Smart Manufacturing Solutions:
The solutions include information software for Manufacturing Execution System (MES), Energy/Production Visualization and Management at the management level and control devices such as Programmable Logic Controller (PLC), Human Machine Interface (HMI) and Robot Controller for engineers onsite. Field devices for process automation including AC Servo Drive, Power Meter, SCARA Robot, Smart Sensor, Machine Vision System and Standard Compact Drive are also showcased in the booth.

For more information, please visit www.delta-singapore.com

About Delta Electronics Int’l (Singapore)
The company is a wholly owned subsidiary of Delta Electronics, Inc.

About Delta
Delta, founded in 1971, is a global leader in switching power supplies and thermal management products with a thriving portfolio of smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, "To provide innovative, clean and energy-efficient solutions for a better tomorrow," Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the DJSI World Index of Dow Jones Sustainability™ Indices for 12 consecutive years. In 2020 and 2022, Delta was also recognized by CDP with double A List for its substantial contribution to climate change and water security issues and named Supplier Engagement Leader for its continuous development of a sustainable value chain for 6 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

Source : Delta Unveils its New Brand Value Proposition 'Realizing an Intelligent, Sustainable and Connecting World' at Industrial Transformation ASIA-PACIFIC (ITAP) 2023

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

Malaysia releases Simplified ESG Disclosure Guide for SMEs in Supply Chains

Corporate News Media OutReach

Oct 18, 2023

Malaysia releases Simplified ESG Disclosure Guide for SMEs in Supply Chains

First-of-its-kind guidance developed to support SMEs within supply chains in tracking and reporting their sustainability disclosures to remain relevant and competitive.

KUALA LUMPUR, MALAYSIA – Media OutReach – 18 October 2023 – Capital Markets Malaysia (“CMM“), an affiliate of the Securities Commission Malaysia (“SC“), today launched a Simplified ESG Disclosure Guide (“SEDG“), making Malaysia the first country globally to provide small-to-medium enterprises (“SMEs“) within global supply chains with a streamlined and standardised set of guidelines in relation to environment, social and governance (“ESG“) disclosures.

SEDG Image.png — From Left to Right: Brahmal Vasudevan (Board Member, Capital Markets Malaysia), Datin Azalina Adham (Board Member, Capital Markets Malaysia), Dato’ Seri Dr. Awang Adek Hussin (Chairman, Capital Markets Malaysia & Executive Chairman, Securities Commission Malaysia) and Navina Balasingam (General Manager, Capital Markets Malaysia)

The SEDG consolidates and simplifies the many complex global and local ESG-related frameworks to improve the availability of ESG data and information by SMEs.

In formulating the Guide, public and market consultations were conducted with multiple stakeholder groups — including large multinational and public listed companies (“PLCs”), SMEs, and regulatory and policy stakeholders — to better understand the disclosure challenges, needs and expectations of SMEs within the supply chain.

Dato’ Seri Dr. Awang Adek Hussin, Executive Chairman of SC, and Chairman of CMM said, “As the global sustainability movement forges ahead amid heightened regulatory scrutiny and investor demand for more deliberate company action towards net zero goals, the SC is committed to ensuring that our companies, both large and small, are prepared to meet global ESG requirements.”

“Recognising that SMEs are particularly exposed to risks from supply chain vulnerabilities, the SC welcomes the release of the SEDG which will help SMEs get ahead of the curve and remain relevant in a constantly evolving global marketplace,” he said.

“As we collectively transform and elevate Malaysia’s economic system through the adoption of international standards and best practices, it is important to ensure that no SME is left behind. To support inclusive and extensive adoption, CMM will launch the Bahasa Malaysia and Simplified Mandarin versions of the SEDG by end 2023,” Dato’ Seri Dr. Awang Adek added.

The release of the SEDG is aligned with recent national policy initiatives aimed at elevating business in Malaysia towards a synergy in commercial success and sustainability, particularly in the manufacturing sector, as the nation steps up its net zero commitments. These include the New Industrial Master Plan (NIMP) 2023, as well as the Industry Environmental, Social, and Governance (i-ESG) Framework and National Energy Transition Roadmap (NETR).

The SEDG comprises 35 priority disclosures that are aligned with local and global sustainability guidelines which will enable SMEs to respond to disclosure requests from multiple stakeholders, including but not limited to customers, investors, banks and regulators.

It is further categorised into Basic, Intermediate and Advanced, to cater to the different levels of sustainability maturity of each SME. The disclosures are applicable across all industries with different levels of priority, and SMEs are encouraged to determine the significance and relevance of these disclosures to their companies.

“The journey of adopting sustainable practices can be daunting for SMEs. As such, our goal is to empower them with a framework that provides straightforward guidance that is structured and practical for SMEs to navigate the process of tracking and reporting their ESG data,” said Navina Balasingam, the General Manager of CMM. “Beyond the Guide, CMM has also launched our SEDG Adopter Programme to support supply chain actors.”

The Adopter Programme will provide SMEs with access to in-person training, tutorials, and workshops nationwide to guide SMEs in disclosing ESG data. The programme aims to facilitate learning and sharing of experiences from a community of practitioners facing similar successes and challenges in implementing ESG reporting.

“We are encouraged by the overwhelming reception to the SEDG Adopter Programme which includes major multinational supply chain players, SMEs, numerous financial institutions, government agencies and NGOs, as well as several local chambers of commerce. Their commitment to encourage and support SMEs within their networks to develop ESG reporting practices is highly commendable,” Navina added.

The early adopters of the SEDG from the various categories include CIMB Bank, Credit Guarantee Corporation, Generali, Hong Leong Bank, Malaysia Venture Capital Management (MAVCAP), Maybank, Nestlé Malaysia, PANTAS, Penjana Kapital, Thoughts in Gear (TIG), UOB Bank and Volvo Trucks Malaysia.

The rest include Dewan Perniagaan Melayu Malaysia (DPMM), The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), The Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), Small and Medium Enterprises Association (SAMENTA), SME Association of Malaysia, Malaysian Dutch Business Council (MDBC), Business Finland and UN Global Compact Network Malaysia & Brunei.

The SEDG is aligned to global, local and government frameworks and reporting standards including the Global Reporting Initiative (“GRI”), the International Sustainability Standards Board (“ISSB”), the Bursa Malaysia (“Bursa”) Listing Requirements, Bursa’s Sustainability Reporting Guide as well as the Malaysian Code on Corporate Governance (“MCCG”). CMM also plans to launch specialised sectoral disclosure guidance in early 2024.

For more information, visit https://sedg.capitalmarketsmalaysia.com/
Hashtag: #CapitalMarketsMalaysia #CMM #SEDG

https://www.linkedin.com/company/capital-markets-malaysia-cm%C2%B2-/
https://sedg.capitalmarketsmalaysia.com/

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

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Ad Hoc Group of Sri Lanka Bondholders Submits Restructuring Proposal – CORRECTED Annexes

CISION PR Newswire

Oct 18, 2023

LONDON and NEW YORK, Oct. 18, 2023 /PRNewswire/ — The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") has taken note of the progress Sri Lanka has made with its official sector creditors towards reaching an agreement in principle on a debt treatment within the framework of its IMF Programme.

Consistent with the Group’s February 3, 2023 statement of financing assurances, and in line with the objectives which have been expressed by official and private sector participants in the Global Sovereign Debt Roundtable to facilitate more efficient and equitable sovereign debt restructuring processes, the Group remains committed to working with the Sri Lankan authorities as quickly as possible to find a sustainable solution to Sri Lanka’s debt challenges as they relate to its international bond debt.

To that end, the Group, acting through its Steering Committee, recently proactively submitted its own restructuring proposal relating to Sri Lanka’s outstanding international bonds. The proposal, which provides upfront debt relief, includes a menu of new securities that would be offered to the holders of the existing bonds, including a "Macro-Linked Bond" ("MLB").

The MLB is an innovative new instrument that is designed to be liquid and index-eligible and whose payouts are linked to the evolution of Sri Lanka’s gross domestic product. This design seeks to ensure both that the instrument is acceptable to bond market participants and that its cash flows will at all times comply with the Debt Sustainability Analysis targets embedded in Sri Lanka’s IMF Programme in a range of future macroeconomic scenarios.

The Group believes that its proposal, including the MLB, will contribute to restoring Sri Lanka’s debt sustainability and, at the same time, will command broad support from existing holders of Sri Lanka’s international bonds.

The terms of the MLB included in the Group’s proposal delivered to the Sri Lankan authorities are attached as Annex I and II hereto.

The Group is advised by Rothschild & Co and White & Case LLP, as financial and legal advisors, respectively.

Questions may be directed to:

Rothschild & Co: [email protected]
White & Case LLP: [email protected]

Media inquiries should be directed to Greenbrook Advisory at the addresses below:

Email / Telephone: [email protected] / +44 (0) 20 7952 2000

Annex I: Group Macro-Linked Bond Indicative Proposal (with PDI Treatment)

Terms of the MLBs

The debt restructuring will be consummated through an exchange offer to all holders of the 11 series of international bonds issued by the Republic of Sri Lanka (the "Republic") (collectively, the "Existing Bonds").

Holders that elect to receive the MLBs in exchange for their Existing Bonds will receive US$800 in principal amount of MLBs for each $1,000 in principal amount of Existing Bonds exchanged (i.e. 20% haircut).

[10] series of MLBs will be issued by the Republic and delivered to holders of Existing Bonds that so elect to receive such MLBs. Each series of MLBs will mature on successive years, with the first series maturing on December 31, 2027 and the final series maturing on December 31, 2036. Alternately the MLBs will be issued in the form of one or more amortizing bonds to ensure adequate liquidity and index eligibility for each new series.

Interest shall be payable on each series of MLBs on a [semi-annual] basis in arrears, on [December 31] and [June 30] of each year, at the following annual rates, subject to the satisfaction of the Adjustment Condition (as defined below):

Series maturing in

Rate of Interest

2024-2027

Rate of
Interest
from 2028

Cash

PIK

Cash

Dec-27

3.75 %

4.00 %

Dec-28

3.75 %

4.00 %

8.00 %

Dec-29

3.00 %

4.00 %

8.00 %

Dec-30

3.00 %

4.00 %

8.00 %

Dec-31

3.00 %

4.00 %

9.00 %

Dec-32

3.00 %

4.00 %

9.00 %

Dec-33

3.00 %

4.00 %

9.00 %

Dec-34

3.00 %

4.00 %

9.50 %

Dec-35

3.00 %

4.00 %

9.50 %

Dec-36

3.00 %

4.00 %

9.50 %

Coupons will be paid [semi-annually] using a 30/360 day-count. The first coupon will accrue from the issue date of each series of MLBs and will be paid on [June 30], 2024.

Under the terms of the MLBs, if the Adjustment Condition has been met (and the Republic has delivered an officer’s certificate to the Trustee certifying the same), then from and including 31 [●], 2028 up to and excluding 31 [●], 2032, the interest rate and/or principal payable on the MLBs shall be decreased as indicated in Annex II. For series maturing between 2033 and 2036, coupons will revert to their original level from 2033 onwards.

The Adjustment Condition shall be met if, when measured on [●] 2028, the Republic’s gross domestic product at current prices in Dollars averaged for 2026/2027 (as published in World Economic Outlook) is below U.S.$[98.9] billion. In the event that GDP at current prices in Dollars is not published in the World Economic Outlook, no adjustment shall be applied.

Treatment of Past Due Interest

Any and all accrued and unpaid interest as of the settlement date of the debt restructuring will be compensated as follows (with the precise allocation method to be agreed):

(a) [40]% paid in cash by the Republic upon settlement of the restructuring; and

(b) [60]% capitalized into the New PDI Bonds.

The New PDI Bonds will amortize in 4 equal instalments payable annually, commencing from the date falling one year after the issue date of such bonds. The New PDI Bond will mature on December 31, 2027.

The New PDI Bonds will bear interest at a rate of [3]% per annum, payable on a semi-annual basis in arrears on December 31 and June 30 of each year.

Coupons will be paid semi-annually using a 30/360 day-count. The first coupon will accrue from the issue date of the New PDI Bonds and will be paid on June 30, 2024.

Annex II – Adjustment to the terms of the MLB – CORRECTED

MLB Initial Terms (without adjustment)

MLB adjustment depending on the level of USD GDP at current prices for 2026-2027 average

Series maturing in1

Coupon rate

$[98.9]bn and above

$[98.9]bn – $[96.4]bn

$[96.4]bn – $[93]bn

$[93]bn – $[89.5]bn

$[89.5]bn – $[86.1]bn

$[86.1]bn and below

Up to 2027

2028 onwards (Cash)