Saguenay, Quebec – Newsfile Corp. – September 29, 2023 – First Phosphate Corp. (CSE: PHOS) (OTC Pink: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that, on September 26, 2023, it has received a letter of interest (“LOI”) from the Export-Import Bank of the United States (“EXIM”), where EXIM express that it would be able to provide financing in the amount of up to USD $170,000,000.00 to the Corporation.

The LOI is in support of the procurement of U.S. goods and services by First Phosphate in Canada and is eligible for a maximum repayment term of 10 years and expires on October 14, 2024.

Moreover, the transaction may be eligible for special consideration under Section 402 of EXIM’s 2019 reauthorization (P.L. 116-94), which directs EXIM to take steps to mitigate the competitive impact of export support provided by the People’s Republic of China and other covered countries for opportunities such as this one and/or to advance the comparative leadership of the United States in the Transformational Export Areas under EXIM’s China and Transformational Exports Program (“CTEP”).

“First Phosphate is committed to creating a strategic purified phosphoric acid (“PPA”) reserve to service the development of the lithium iron phosphate (“LFP”) battery industry in North America,” said CEO, John Passalacqua. “We thank EXIM bank and US policy makers for working to build a strong North American LFP battery supply chain. We are honoured by the receipt of the LOI and look forward to committing to purchasing our capital equipment and services in America through support from EXIM. Access to this stable, government-backed financing allows us to build out our projects judiciously while limiting the amount of equity dilution to our shareholders.”

First Phosphate notes that the LOI does not represent a financing commitment and does not guarantee the Company’s access to any or all financing from EXIM. EXIM is to conduct its standard due diligence prior to issuing a final commitment for this transaction. All final commitments must be in compliance with EXIM policies as well as program, legal and eligibility requirements.

About Export-Import Bank of the United States

EXIM is the official export credit agency of the United States. EXIM is an independent Executive Branch agency with a mission of supporting American jobs by facilitating the export of U.S. goods and services. When private sector lenders are unable or unwilling to provide financing, EXIM fills in the gap for American businesses by equipping them with the financing tools necessary to compete for global sales. In doing so, the agency levels the playing field for U.S. goods and services going up against foreign competition in overseas markets, so that American companies can create more good-paying American jobs. Because it is backed by the full faith and credit of the United States, EXIM assumes credit and country risks that the private sector is unable or unwilling to accept. The agency’s charter requires that all transactions it authorizes demonstrate a reasonable assurance of repayment; EXIM consistently maintains a low default rate and closely monitors credit and other risks in its portfolio.

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

For additional information, please contact:

Bennett Kurtz, CFO & CAO
[email protected]
Tel: +1 (416) 200-0657

Investor Relations: [email protected]
Media Relations: [email protected]
Website: www.FirstPhosphate.com

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

-30-

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company’s commitment to producing high purity phosphate materials under a low carbon footprint; the Company’s plans to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s proposed development of its land claims in the Saguenay Region; the terms of the LOI with EXIM, including the amounts of potential financing, the eligibility for special consideration under Section 402 of EXIM’s 2019 reauthorization, the Corporation’s satisfaction or EXIM’s proposed due diligence, next steps by EXIM or the Corporation with respect to the LOI, if any; the Company’s proposed uses for the financing, if received, and the limitations thereof imposed by EXIM; the benefits of the financing to the Company and its shareholders, including the limitations to shareholder dilution; the terms, benefits, obligations, and timelines associated with the agreement with ABF; and the Company’s intention to purify clean igneous anorthosite phosphate-bearing rock to a large quantity of battery-grade PPA.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to producing high purity phosphate materials under a low carbon footprint; the Company’s ability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s ability to develop its land claims in the Saguenay Region; the Company having the ability to carry out terms of the LOI with EXIM; the Company’s ability to realize upon the proposed uses for the financing, if received; the Company’s ability to realize upon the benefits of the financing to the Company and its shareholders; the Company’s ability to carry out and realize upon the terms, benefits, obligations, and timelines associated with the agreement with ABF; and the Company’s ability to carry out its intention to purify clean igneous anorthosite phosphate-bearing rock to a large quantity of battery-grade PPA.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to produce high purity phosphate materials under a low carbon footprint; the Company’s inability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s inability to develop its land claims in the Saguenay Region; the Company’s inability to carry out terms of the LOI with EXIM; the Company’s inability to realize upon the proposed uses for the financing, if received; the Company’s inability to realize upon the benefits of the financing to the Company and its shareholders; the Company’s inability to carry out and realize upon the terms, benefits, obligations, and timelines associated with the agreement with ABF; and the Company’s inability to carry out its intention to purify clean igneous anorthosite phosphate-bearing rock to a large quantity of battery-grade PPA.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

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

Source link

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

HO CHI MINH CITY, VIETNAM – Media OutReach – 29 September 2023 – VinFast has officially launched VF 6, its first electric model in the B-SUV segment, the ideal choice to begin every journey for Vietnamese families. With a starting price of 675 million VND, the VF 6 is now available for order in the Vietnamese market from October 20, 2023.

In the Vietnamese market, the VinFast VF 6 comes with 2 trims: Base and Plus. The base trim starts at 675 million VND (excluding battery) or 765 million VND (including battery), while the plus trim starts at 765 million VND (excluding battery) or 855 million VND (including battery). From October 20, 2023, customers can place their orders at VinFast stores, dealer networks, or through the website https://reserve.vinfastauto.com to enjoy attractive offers.

Specifically, customers will receive incentives of up to 20 million VND when making the order from October 20 until 23:59 October 30, 2023; and complete the purchase procedure within 3 months from the date VinFast starts to deliver the VF 6 to the customers. The offer is not applied to the customer who changes the owner’s name in the purchase.

VinFast will also display VF 6 at VinFast Stores and its dealer’s showroom network nationwide from September 30, 2023, allowing customers to experience the product before making their order decision. The delivery of the VinFast VF 6 models to Vietnamese customers is expected to commence by the end of 2023.

VF 6 is the next strategic model in VinFast’s electric vehicle lineup, after VF e34, VF 8, VF 9, and VF 5. The model features a sophisticated design crafted by world-renowned Torino Design, a spacious and comfortable interior for the whole family, powerful performance, and a wide range of smart technologies and features.

VinFast VF 6 has a length of 4,238mm, a width of 1,820mm, a height of 1,594mm, and a wheelbase of 2,730mm. These measurements ensure ample interior space, equivalent to that of C-segment internal combustion engine cars. The VF 6 features a stylish exterior design, featuring VinFast’s distinctive LED light strip and attractive 5-spoke alloy wheels. The alloy wheels can be up to 19 inches in size, enhancing the car’s overall striking appearance.

VF 6 offers a range of colors for both its exterior and interior. It provides five available options for the exterior and two for the interior. One standout new choice is the introduction of a Mocca Brown interior color, which caters to the varying tastes, preferences, and styles of a diverse range of customers.

Both Base and Plus trims of the VF 6 are equipped with a 59.6 kW LFP battery that enables a driving range of up to 399 km and 381 km respectively (WLTP standards) per full charge. The vehicle uses an electric motor that boasts a maximum power of 100 kW and 150 kW respectively with a maximum torque of 135 Nm and 310 Nm, giving an exciting driving experience and easily meeting the travel needs of all passengers.

In early 2024, the VF 6 Plus will be updated over the air and free of charge to integrate the advanced driver assistance system. The update will bring various outstanding features to the VF 6 Plus, including traffic jam assist, highway assist, lane keep assist, lane centering assist, adaptive cruise control, traffic sign recognition, front/rear automatic emergency braking, and more. These features enhance the driving experience of the VinFast VF 6, making it stand out in its segment and providing drivers with excitement and peace of mind on every journey.

In addition, the VinFast VF 6 is a high-quality electric vehicle equipped with advanced technology and smart features to meet the entertainment and utility needs of its drivers. The VinFast virtual assistant is available to interact with drivers using multi-regional Vietnamese voice commands, answering questions, and providing control of the vehicle.

As with all VinFast electric vehicles, the VF 6 includes excellent after-sales policies such as a 7-year or 160,000 km (whichever comes first) warranty, Special Aftersales Policies, and a commitment to buying back used electric cars after five years at an attractive price.

Customers can learn more about the showcase schedule of VF 6 at https://vinfastauto.com or on the official VinFast page: https://www.facebook.com/VinFastAuto.Official.

Hashtag: #Vingroup

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

Source link

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

HANOI, VIETNAM – Media OutReach – 29 September 2023 – Green SM, the pure electric vehicle ride-hailing service of Vietnam’s Green and Smart Mobility JSC. (GSM) proudly announced that it has reached the 6 millionth ride after only 5 months of its market launch. This is a record growth rate, firmly demonstrating the development potential as well as the solid foothold of Green SM in the field of passenger transport in Vietnam.

The special customer who took the 6 millionth ride is Mr. Nguyen Thai Duong in Ho Chi Minh City. The other two lucky customers who have orders of 5,999,999th and 6,000,001st are Mr. Nguyen Khanh Hoa in Ha Noi, and Mr. Hoang Long in Binh Duong. Green SM’s representatives congratulated the three special guests and presented them each with a gift of appreciation. They are awarded with a green mobility package, of which the 6 millionth customer received an award worth 6 million VND, and the remaining customers received a 3 million VND award each.

Sharing her joy, the 6 millionth customer, Mr. Nguyen Thai Duong said: “I am a frequent customer of Green SM because it provides not only a nice and clean vehicle but also professional and well-trained drivers. It is also a zero-emission and zero-noise ride-hailing company, a pioneer in green transportation. I hope Green SM will grow further in Vietnam and across the borders so that everyone can join hands to protect our environment.”

Green SM officially launched its pure-electric ride-hailing service on 14 April 2023 and has rolled out its electric taxi service in 17 provinces and cities across the country, reaching 6 million rides.

By the end of 2023, Green SM plans to expand its fleet size to 30,000 electric taxis and 90,000 electric scooters, affirming its pioneering position and aspiration to extend the green journey across 27 provinces and cities in Vietnam and 3 Southeast Asian countries.

The difference of Green SM is not only in its “5-star” service standards but also in its practical contribution to the environment. With a fleet of 100% pure electric vehicles from VinFast, Green SM has accompanied customers for 35 million kilometers with zero emissions and noise, contributing to reducing the carbon emissions equivalent to 1 million trees photosynthesizing in 100 days.

Additionally, Green SM is also proud to contribute 1,000 VND per electric taxi trip and 100 VND per electric motorbike trip to the “For Green Future” Foundation, established by Vingroup. To date, Green SM has contributed nearly 4 billion VND to the Foundation for environmental protection activities and creating a sustainable future in Vietnam.

Sharing about the milestone of the 6 millionth ride, Mr. Thanh Nguyen, CEO of GSM said: “The impressive figures we’ve achieved today have affirmed our reputation and position in the green transportation revolution. The trust and companionship of the community are the driving forces for Green SM to continue conquering challenges and pursuing sustainable development goals in the future.”

Not only providing “reliable, technological, and smart” transportation solutions, Green SM has also become a “green mobility icon”, contributing to changing public transportation and raising community awareness of environmental protection in Vietnam and in the region.

Hashtag: #Vingroup

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

Source link

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

From 29 September 2023, customers in Ho Chi Minh City can conveniently book and use the Green SM Bike’s electric scooter ride-hailing service through the Green SM mobile application.

The starting price is VN13,800 for the first 2 kilometers (equivalent to VND6,900/km), and VND4,800/km from the third kilometer onwards.

The VinFast Feliz S model will be used for the Green SM Bike’s electric scooter fleet, showcasing the distinctive Cyan Blue paint. The model is highly valued by both drivers and passengers for its powerful engine, smooth performance, and soft, comfortable seating.

Echoing Green SM’s core values, Green SM Bike also commits to providing its passengers with an outstanding service experience through a team of friendly, well-trained, and professional drivers.

With the benefits of zero petrol odor and engine noise, along with being beneficial for human health and the environment, the Green SM Bike will be a prime transportation choice for all.

Mr. Thanh Nguyen – CEO of GSM said: “Green SM Bike will offer Ho Chi Minh City residents another convenient and eco-friendly transportation option, thereby significantly promoting green mobility habits within the community. This is an essential expansion of Green SM’s product and service portfolio in Ho Chi Minh City, a foremost economic, political, cultural, and educational center in the country, thereby underlining its brand reputation and commitment to a green future for all.”

Prior to the launch in Ho Chi Minh City, Green SM Bike was introduced in Hanoi and received substantial support from the residents. Specifically, around 1 million rides were undertaken in just over a month.

Aligned with the aim of offering e-scooter transportation solutions and promoting the ethos of green living, Green SM Bike is also dedicated to the mission of “For Green Future”, a foundation established by Vingroup. This foundation kickstarts actionable projects and programs geared towards achieving sustainable green development in line with Vietnam’s green transition initiatives. Specifically, for every completed ride, Green SM Bike will contribute VND100, while Green SM’s taxi will allocate VND1,000 to the Foundation.

To date, Green SM has donated nearly VND4 billion to the “For Green Future” Foundation, proactively participating in environmental conservation activities and fostering a sustainable future in numerous provinces and cities across Vietnam.

For more information about Green SM Bike, Green SM, and Green SM Luxury Taxi services, customers can visit Green SM’s official website or download the Green SM mobile application from App Store and Google Play.

Hashtag: #Vingroup

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

Source link

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

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 29 September 2023 – Bybit, the world’s third most visited crypto exchange, is thrilled to have invited fans to an unforgettable experience at the 2023 Formula One Japanese Grand Prix, following Max Verstappen’s podium win, and ORBR winning the Constructors’ World Championship for the sixth time in the team’s history.

As industries that celebrate innovation, speed and the relentless pursuit of victory against fierce competition, Formula 1 and crypto trading share a kindred spirit of pushing boundaries and challenging convention.

Through this collaboration, selected fans enjoyed top-tier viewing packages including prime VIP seats at Suzuka Circuit. An exclusive pre-race reception also invited attendees to immerse themselves in the elite racing culture and mingle directly with Oracle Red Bull Racing’s star driver, Max Verstappen.

“We’re thrilled to strengthen our partnership with Oracle Red Bull Racing to empower fans worldwide with this incredible opportunity,” said Ben Zhou, co-founder and CEO of Bybit. “Through collaborations like this, we aim to enrich communities by granting unique access to these leading worlds of motorsports and crypto. Bybit is proud to join forces with a champion team to inspire and engage the next generation.”

Hashtag: #Bybit #TheCryptoArk

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

Bybit

Source link

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

Exceptional showcase of prestigious Grand Prix d’Horlogerie de Genève awardees, horological masterclasses and informed panel debates with esteemed industry experts

HONG KONG SAR – Media OutReach – 29 September 2023 – LANDMARK’s inaugural “TIMELESS Watch Week”, a showcase exhibition of the very finest ‘finalist’ timepieces from the esteemed Grand Prix d’Horlogerie de Genève (GPHG) Award, officially opened with a prestigious evening gala ceremony attended by luminaries from the world of international horology, VIP and A-list guests from Hong Kong, along with discerning watch collectors and horological aficionados in the city.

‘It is a tremendous thrill to be back in Hong Kong with its knowledgeable and highly-discerning community of watch aficionados,” said Director of Grand Prix d’Horlogerie de Genève Ms. Carine Maillard. “The Grand Prix d’Horlogerie de Genève (GPHG) recognises watchmaking production excellence worldwide and presents the most sought-after prizes in the field, thus contributing to the promotion of the watchmaking art. Our exhibition is a unique opportunity for the city’s watch enthusiasts to witness and appreciate the 84 most beautiful nominated watches of the year in one place.”

The evening launch celebrations were officiated by esteemed guests of honour, founder of Horoloupe Austen Chu, Director of Grand Prix d’Horlogerie de Genève Carine Maillard, who were joined by Michel Lamunière, Chairman & CEO of Tatler Asia, and Jennifer Lam, Director and Head of Marketing & Communications of Hongkong Land.

Mr Lamunière remarked: “Tatler GMT is delighted to partner with LANDMARK in curating this very unique event. “TIMELESS Watch Week’ is a truly exceptional opportunity for the watch enthusiast and collecting community to appreciate watchmaking craftmanship at its absolute finest. The overall exhibition programme is designed to connect and engage those with a true appreciation of watches and watchmaking with esteemed experts in the horological world, enabling and nurturing their passion for horology and appreciation of this timeless art form.”

“TIMELESS Watch Week provides a unique opportunity for watch collectors, both experienced and beginners alike, to not only appreciate exceptional timepieces, but through the various presentations and workshops offers enthusiasts access to discovering the skills, knowledge and craftsmanship of watchmaking,” explained Jennifer Lam, Director and Head of Marketing & Communications of Hongkong Land. “In partnering with such authoritative and prestigious partners as the Grand Prix d’Horlogerie de Genève and Tatler GMT, ‘TIMELESS Watch Week’ provides further testament to LANDMARK’s commitment to curating exceptional experiences and in fostering a vibrant community of watch enthusiasts in Hong Kong.”

Following an official ribbon-cutting opening ceremony, invited guests enjoyed a cocktail reception and were treated to a special private viewing of the prestigious exhibition, which features 84 distinguished timepieces from over 50 international brands, all vying for the ultimate “Aiguille d’Or” Grand Prix best-in-show award. The GPHG represents the epitome of global watchmaking, as an annual award held in Geneve to highlight and reward the most remarkable contemporary creations and promote the watchmaking art worldwide.

In concluding the opening evening on a high note, an illuminating panel discussion titled “Introduction to TIMELESS Watch Week and The GPHG”, provided esteemed industry experts and luminaries an opportunity to share their invaluable perspectives on the significance of the international event and the importance of The Grand Prix d’Horlogerie de Genève to the industry.

The stunning LANDMARK “TIMELESS Watch Week” exhibition, hosted at Centricity at LANDMARK Chater, remains opens to the public until 1st October, with pre-registration required for each of the one hourly sessions throughout the day from 10am until 7pm. Pre-booking is also required for each of the limited-entry Panel and Masterclass sessions curated and hosted by renowned horologists, watch experts and collectors. Registrations and further details can be found at https://timelesswatchweek.com.

Discover more about LANDMARK, receive our latest news and register for upcoming events by signing up for the LANDMARK eNewsletter at www.landmark.hk. Follow LANDMARK on Facebook at www.facebook.com/landmark.hk; Instagram at www.instagram.com/landmarkhk or search ‘landmarkhk’. Look for LANDMARK’s WeChat account at “hklandmark’, Xiaohongshu account at “landmark_hk”and Sina Weibo account at www.weibo.com/landmarkhk.

Hashtag: #TIMELESSWATCHWEEK #LANDMARKHK #LANDMARKHorology

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

About LANDMARK

LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.

Official Website: https://www.landmark.hk/en Official Facebook: facebook.com/Landmark.hk/ Official Instagram: @landmarkhk
Official Xiaohongshu: landmark_hk

About Hongkong Land

Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties attract the world’s foremost companies and luxury brands.

The Group’s Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, four retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high-quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

About the GPHG

The Grand Prix d’Horlogerie de Genève (GPHG) was created in 2001 and has been run by a public interest foundation since 2011. For more than 20 years, it has pursued its mission of showcasing the international art of watchmaking with the support of its public and private partners, notably its principal partner FGP Swiss & Alps, backed by the participation of all those involved in the industry.

About the GPHG Academy

Created in 2020, the GPHG Academy is made up of several hundred members representing significant stakeholders in the main sectors linked to the watch industry, divided into colleges and forming a vast worldwide network of ambassadors. Academy members take part in the various stages of the timepiece selection process, proposing models for the competition in the spring of each year, before designating the nominees among the timepieces entered in the competition by the brands during the summer and then taking part alongside the Jury in the final autumn vote to determine the winners of that edition.

About Tatler Asia

Tatler Asia, the leading luxury media company in Asia, celebrates its 46th anniversary this year. Its mission is to build, inspire and empower Asia’s most influential communities through the power of unparalleled storytelling, iconic brands and innovative creative concepts. Tatler is present in seven markets across Asia and is owned by the Lamunière family. For more information, visit https://www.tatlerasia.com/

Source link

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

BANGKOK, THAILAND – Media OutReach – 29 September 2023 – Arçelik Hitachi Home Appliances today introduces “The Art of Ease”, the new marketing campaign that guides every generation to embark on a journey toward an effortless and peaceful life at home through “Hitachi’s” home appliance solutions. The new campaign embodies Japan’s careful attention to detail in design, emphasizing modern aesthetics while elevating functionality for everyone’s daily life.

The concept of “The Art of Ease” stemmed from the rapidly changing world. Today, urban residents continue to be immersed in a fast-paced and hectic lifestyle, often throughout the entirety of their day. It is a common desire for them to have access to a tranquil and secure environment where they can relax and aspire towards long-term stability. Hitachi’s commitment to enhancing its home appliances extends beyond the mere incorporation of new innovations and cutting-edge technology into the product portfolio. It encompasses the integration of quintessential Japanese principles, rooted in thoughtfulness and customer-centric design. This harmonious integration empowers Hitachi products to function as lifestyle essentials in comforting the daily lives of customers, offering them the desired sense of ease.

Amidst the ever-changing business landscape, Arçelik Hitachi Home Appliances not only maintains its success in its current markets, particularly in the Asia-Pacific and Middle East regions, but also actively seeks out new opportunities. With the new marketing strategy, the aim of the brand is to offer quality products that people would be proud to have. To achieve this, the company employs a strategic communication approach globally aimed at engaging and impressing today’s customers, enhancing brand awareness and involvement.

Mr. Zafer Ustuner, Chief Executive Officer of Arçelik Hitachi Home Appliances, disclosed: “We strongly believe that the launch of the global campaign – “The Art of Ease,” will echo a remarkable step in bridging Hitachi to consumers. Moving forward, Hitachi’s new products will be aligned with the direction of this campaign, focusing on both offline and online communication activities. Our aim is to expand our consumer reach by leveraging Hitachi’s new products and consumer-focused approach, complemented by Arçelik’s robust manufacturing and innovation capabilities.”

With Hitachi’s new campaign “The Art of Ease”, Arçelik Hitachi Home Appliances is also unveiling innovative technologies and products to the markets. The goal is to inspire design innovations that align with the global campaign’s theme of simplicity and practical functionality for everyday life.

Among the noteworthy products is the sleek and modern 4 Door Luxury French Bottom Freezer refrigerator. Designed to keep food fresh, flavorful, and nutrient-rich, the model comes with the Selectable Zone feature, which allows customized settings based on your storage and lifestyle needs, while the Vacuum Compartment keeps your food from drying and oxidizing.

In addition, the new Hitachi Carbon Line Refrigerators is a fusion of style and functionality. With the Flexible Fresh Select drawer, customize your storage with adjustable temperature settings for vegetables and dairy/meat. The Surround Air Cooling system keeps food fresh longer while separate temperature controls and a modern crisper cover makes organization a breeze. Hitachi Carbon Line Refrigerators are available worldwide (except China).

Hitachi further reinforces its leadership in washing machine design technology to ensure consumers’ confidence. The outstanding and popular models include BD-D120XGV washing machine: a modern marvel with smart features for efficient, convenient, and exceptional laundry results. It boasts Optimal Washing with 8 Smart Sensing technologies, auto Dosing System for precise detergent and fabric softener dispensing, a 60°C Hygiene mode, and Auto Self Clean for a spotless tub. Moreover, the BD-100XFVEADM is another model equipped with the most complete features, followed by the new heat pump tumble dryer from Hitachi, TD-100XFVEM, with modern design that meets every style of home and condominium residents. Utilizing precise steam and temperature settings, Steam & Wear technology refreshes garments and guarantees wrinkle-free results without ironing. This means wearing your favorite shirts will be much easier!

Finally, another product that resonates with the minimalism philosophy is Hitachi Lightweight Vacuum Cleaner, PV-XH3M, weighing only 1.8 kg and boasting an impressive up to 170W suction power. Specially designed green light LED technology makes dust visible and cleaning efficient, regardless of the ambient lighting conditions. With its auto-detect sensor, the vacuum cleaner can detect the floor material and automatically adjust the power and brush rotation speed. The patented rotating head makes it easy to clean corners, while the various accessories provide options for all your cleaning needs, including a motorized mattress brush. It is easy to use and saves space when combined with the Free-Standing Platform Design, which allows all vacuum accessories to be kept clean and well-stored. The one-touch disposal feature makes it easy to get rid of dust and debris.

For more information about “The Art of Ease” campaign, please visit our campaign website at

Hashtag: #ArtofEase #ArcelikHitachi

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

About Arçelik Hitachi Home Appliances

Arçelik Hitachi Home Appliances was established on July 1, 2021, as a joint venture between Arçelik A.S. and Hitachi Global Life Solutions, Inc. to manufacture, sell and provide after-sales services of Hitachi branded home appliances including refrigerators, washing machines, vacuum cleaners globally (outside of the Japanese market). Arçelik acquired 60% ownership in the new company while Hitachi Global Life Solutions, Inc. still holds 40% shares of the company. This joint venture has combined expertise and strengths of the two brands such as R&D, procurement and production systems to optimize the joint venture’s global supply chain and strengthen its competitive positioning in the market.
https://www.arcelik-hitachi-homeappliances.com/

Source link

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

Jurisdictions including Hong Kong are rolling out new rules and guidance for asset managers in areas including ESG and investor protection

HONG KONG SAR – Media OutReach – 29 September 2023 – Hong Kong is among the jurisdictions globally that is introducing new rules and guidance in areas including ESG reporting and enhancing investor protection, according to a new report from KPMG. Such regulatory refinements will help to strengthen Hong Kong’s status as an asset management hub. At the same time, however, asset managers in the city will need to consider how to manage the diverging landscape as regulators globally take different approaches to dealing with common challenges and priorities.

The 13^th edition of KPMG’s annual flagship report, Managing divergence: Evolving Asset Management Regulation Report 2023, draws information from over 11,000 publications by regulators across over 30 jurisdictions, and consolidates the insights and knowledge of KPMG specialists around the world on common regulatory themes, challenges, and market opportunities in asset management regulation.

Andrew Weir, Global Head of Asset Management, KPMG, says, “Given the cross-border nature of the asset management industry, effective management of regulatory divergence is only going to become more important over time. To respond effectively to these challenges, asset managers need robust and flexible business models, with strong governance, intelligent risk management frameworks, state-of-the art technology, good oversight of service providers and appropriate distribution strategies. Firms need to manage their own costs and ensure that the costs and charges borne by investors are transparent and justifiable.”

There has been a notable increase in regulatory efforts around the world to protect retail investors. Besides traditional themes such as product governance, there is a significant focus on value for money and transparency, reflected in new fair value considerations and disclosure requirements.

In some jurisdictions, funds are required to have licensed depositary entities, which act independently from the fund management company, to better safeguard investors. Hong Kong, for example, plans to introduce a new “Type 13” regulated activity covering fund depositary services, starting in October 2024.

“Asset managers in Hong Kong should review their firm’s strategy, culture and purpose to ensure it continues to serve their customers’ best interests amid the growing global regulatory focus on customer protection and increasing access to information,” said Vivian Chui, Head of Securities and Asset Management, Hong Kong, KPMG China.

Regulators around the world continue to create new fund vehicles or amend existing products, to offer flexibility and compete for market share. China has continued to open its markets to foreign investors by expanding the scope of existing regimes. New wholly foreign-owned fund management companies were approved and given the go-ahead in 2023, which demonstrated the further opening-up of China’s asset management sector. Further to the opening of the Chinese bond markets to Qualified Foreign Institutional Investors (QFIIs), in autumn 2022, the CSRC revised provisions on settlement of domestic securities transactions by QFIIs and consulted on cross-border futures business. For managers of private funds, new rules and guidance issued in May 2023 relaxed approval and licensing requirements for wholly foreign-owned managers.

Jurisdictions are opening their markets to foreign investors. Authorities are also aiming to bolster investment from professional investors, and in infrastructure to assist economic recovery. The CSRC and the SFC continue to strengthen links between the Chinese Mainland and Hong Kong, with the expansion of Stock Connect.

Meanwhile, integrating ESG risks into the risk management process is of vital importance for all financial undertakings. The SFC supported a consultation issued by the Stock Exchange of Hong Kong on proposed climate-related reporting requirements for listed companies in Hong Kong. Additionally, the SFC plans to review how Hong Kong fund managers use ESG ratings and data providers – this will result in guidance for the industry. In addition, some cross-border collaboration on sustainable finance is evident, such as through the green finance taskforce that has been established between the Monetary Authority of Singapore (MAS) and the People’s Bank of China to facilitate greater public/private sector collaboration.

Distributed ledger technology (DLT) underpins cryptoassets but is also being put to good use in market infrastructure initiatives, including fund unit tokenization and settlement. The MAS is working with the industry in Singapore to explore the potential of DLT, and to facilitate the tokenization of financial and real economy assets. In Hong Kong, fund tokenization is not presently allowed, but the regulator is open to discussions.

Hashtag: #KPMGChina

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.

Source link

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