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Orion Capital Asia announces first closing of its third secured direct lending fund

Orion Capital Asia announces first closing of its third secured direct lending fund

SINGAPORE – Media OutReach – 9 October 2023 – Orion Credit Capital Asia Pte. Ltd. (“Orion Capital Asia”), a Singapore based private credit investment manager focused on direct lending in Asia Pacific, has reached the first close of its Fund III with up to US$205 million of subscriptions. The new fund has already started deploying capital.

Orion Capital Asia works with both private equity sponsors and local entrepreneurs by providing medium term secured loans to middle market businesses that have been underserved by traditional banking channels. The investments are across diverse industry sectors, are used for growth capital, acquisition financing, and other corporate initiatives, and in many cases involve bespoke financing solutions spanning multiple jurisdictions.

Orion Capital Asia has demonstrated a strong investment track record built on direct origination, robust structuring, and prudent underwriting. Orion Capital Asia has invested more than US$400 million from each of its first two funds, and in aggregate has invested more than US$1.5 billion including co-lenders, offering investors access to stable income generating private credit opportunities in Asia Pacific. Orion Capital Asia does not invest in distressed assets.

OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario in Canada, made an equity investment into Orion Capital Asia in 2020.

The ten-year old platform was selected “Best of the Best Midcap Private Debt House” by South Korea’s pension funds and other major institutional investors in the “Best Asset Managers by Korean Investors 2020” awards by The Korea Economic Daily.

“We are very excited to have the first close of our third fund with top-tier global institutional investors,” said Nitish Agarwal, CEO and CIO of Orion Capital Asia. “The success of this fund raising is a strong validation of our investment strategy and investment track record, and positions Orion well to capture the opportunity set in middle market direct lending in Asia Pacific that has become even more attractive in current market conditions.”

“OMERS is delighted to be an investment partner in Orion Capital Asia. Our capital commitments to Orion have grown substantially since we made the equity investment into Orion three years ago,” said Ani Deshmukh, Managing Director, OMERS Global Credit. “Asia is a growth region for OMERS, and we look forward to working alongside Orion Capital Asia to participate in the growth of mid-market credit in the region.”

OMERS Global Credit seeks to deliver long-term and sustainable returns by investing across public and private credit strategies including liquid securities and structured investments, both directly and alongside best-in-class asset managers and direct lenders. It provides long-term, strategic and/or opportunistic capital to companies and partners in order to generate attractive risk-adjusted, stable cash returns for OMERS. OMERS is a jointly sponsored, defined benefit pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. Our members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers, and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate.

Additional information:
For more information on Orion Capital Asia, please visit www.orioncapitalasia.com.
For more information on OMERS, please visit www.omers.com.
For any queries, please email [email protected].
Hashtag: #orioncapitalasia #privatecredit #privatedebt #privatemarkets

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

Orion Capital Asia

Orion Capital Asia is a ten-year old Singapore based private credit investment manager focused on direct lending opportunities in Asia Pacific to middle market businesses that are owned by both private equity sponsors and local entrepreneurs. It seeks to be a reliable source of capital that is tailored to the borrower’s needs and is value accretive, while achieving superior risk reward for investors through robust execution of the investment strategy. The medium-term loans finance organic growth, acquisitions, and other corporate initiatives where the businesses have been under-served by traditional banking channels. The loans are secured, across diverse industry sectors, and in many cases involve bespoke financing solutions to meet the borrowers’ requirements spanning multiple jurisdictions. It does not invest in distressed assets.

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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.

Amazon Singapore unveils line-up of biggest deals for its first-ever Prime Big Deal Days

Amazon Singapore unveils line-up of biggest deals for its first-ever Prime Big Deal Days

From 10 – 11 October, Prime members can enjoy exclusive savings on top brands such as De’Longhi, Sukin, LEGO, and Skin Inc

SINGAPORE – Media OutReach – 9 October 2023 – (NASDAQ: AMZN) – Amazon is set to roll out its first-ever Prime Big Deal Days in Singapore, starting from 10 to 11 October, by unveiling a suite of its biggest deals today. The 48-hour sales event will include incredible savings from a wide range of products and popular brands such as De’Longhi, Sukin, LEGO, Skin Inc, Hasbro and Bose allowing Prime members access to early holiday shopping deals this season only at https://www.amazon.sg/primebigdealdays.

For the very first time, Amazon Singapore has partnered with Mondrian Singapore Duxton to offer Prime members an exclusive “Amazon Big Deal Suite” Staycation Experience at the hotel, marking a special celebration of the inaugural Prime Big Deal Days in Singapore. The staycation will take place in Mondrian Singapore Duxton’s Shophouse Suite, where the room will be specially decorated with items available on Amazon.sg, promising an immersive and unique staycation experience. A limited number of rooms are available on a first-come, first-served basis. Prime members can stay updated by following Amazon Singapore’s Instagram account at https://www.instagram.com/amazon.sg.

Biggest deals available this Prime Big Deal Days
Prime members can anticipate an exciting lineup of the biggest deals from Prime Big Deal Days, featuring exciting offers from Amazon.sg, Amazon Fresh and International Store. Here’s a sneak peek at some of the top deals:

  • Toys & Books
    • Save up to 70% off selected books including best-sellers, new releases, children’s books and more
    • Save up to 70% off international toys, with additional S$20 off min spend of S$100 on brands such as such as Pokemon and Melissa & Doug
    • Save up to 70% off selected toys, with additional S$20 off min spend of S$100 on brands such as Learning Resources, MARVEL, Catan and Rainbow High
    • Save up to 59% off selected toys from PicassoTiles
    • Save up to 50% off selected books related to movies and tv series
    • Save up to 40% off new launches on toys, with additional S$20 off min spend of S$100 on brands such as LEGO, Monopoly, Barbie, Hot Wheels and more
    • Save up to 30% off selected books related to movies and tv series
    • Save up to 30% off selected books from Doppelhouse Press, Penguin Books, Vintage, DC Comis, Dark Horse Books and Pantheon Books on Amazon US
    • Save up to 30% off selected toys from Marvel, Digimon, DC Comics on Amazon US
  • Home & Kitchen
    • Save up to 70% off selected items from Epitex
    • Save up to 50% off selected home and kitchen items including home and kitchen essentials, cookware, table ware, home décor, storage and organisation, and more
    • Save up to 50% off selected cookware from brands including Tefal, All Clad, and more
    • Save up to 50% off selected items from Philips Lighting and Philips Hue Smart Lights
    • Save up to 50% off selected bottle and flasks from brands including HydroFlask, Thermos, and more
    • Save up to 50% off selected items and get an additional S$4 off from Muji
    • Save up to 35% off selected coffee machines from brands including Nespresso, De’Longhi, and more
    • Save up to 35% off selected garment care items from brands including Tefal, Philips, Panasonic, and more
    • Save up to 35% off selected vacuum cleaners from brands including Tineco, Dibea, Shark, and more
    • Save up to 35% off selected cooking appliances from brands including Kenwood, Philips, Tefal, Ninja, and more
    • Save up to 35% off selected home environment items from brands including Philips, Mayer, KDK, and more
  • PC & Electronics
    • Save up to 70% off selected mobile accessories from Spigen
    • Save up to 54% off selected items from Anker
    • Save up to 50% off selected speakers and sound bars from brands including Sennheiser, JBL, Sony, and more
    • Save up to 50% off selected headphones from Sony, Sennheiser, Jabra and more
    • Save up to 50% off selected items from Bose
    • Save up to 50% off selected chargers and cables from UGREEN
    • Save up to 40% off selected Playstation games from Sony
    • Save up to 38% off selected tech accessories from ProCase
    • Save up to 35% off selected smartwatches and trackers from brands including Fitbit, Garmin, and more
    • Save up to 35% off selected items from Logitech
    • Save up to 30% off selected items from LENCENT
    • Save up to 30% off selected items from Beelink Mini PC
    • Save up to 30% off selected Google products
    • Save up to 30% off selected wireless earbuds and watches from SoundPEATS
    • Save up to 29% off selected items from SK Hynix SSD
  • Beauty, Health & Personal Care
    • Save up to 50% off selected items and get an additional 5% off on min spend of S$150 or 10% off on min spend of S$250 from FOREO
    • Save up to 50% off selected items and get an additional 8% off on min spend of S$220 from Skin Inc
    • Save up to 50% off selected items from Sukin
    • Save up to 40% off selected items from Renpho
    • Save up to 30% off selected items from CeraVe and L’OCCITANE on Amazon US
    • Save up to 30% off selected items and get an additional S$10 off on min spend of S$80 from L’Oreal
    • Save up to 20% off selected items and get an additional S$4 off with min spend of S$50 or S$8 off on min spend of S$100 from Bioderma
    • Save up to 15% off selected items and get an additional S$20 off on a min spend of S$120 from J&J
    • Buy 3 get 30% off selected items from Cetaphil
  • Grocery
    • Buy 4 and get 20% off selected items from Groceries, Baby products & more from Amazon Fresh
    • Buy 4 and get 25% off selected items from Enfagrow
    • Buy 3 and get 20% off selected items from Colgate, Softlan, Ajax, and more
    • Save up to 35% off and buy 4 get 20% off from brands including Cadbury, Oreo, Marigold, Ritz, and more
    • Save up to 30% off selected carton deals
    • Save up to 30% off and buy 4 get 20% off from brands including Harvest Box, Nature’s Bakery, Minor Figures, and more
    • Save up to 30% off, Buy 4 get 20% off from brands including Kettle Chips, Coca-Cola, Lavazza, , San Pellegrino water and more
    • Get S$10 off with a min spend of S$50 on selected items from brands including Dettol, Finish, Thirsty Hippo, Harpic, and more
    • Get S$10 off with a min spend of S$70 on selected items from brands including Kleenex, Milo, Scott, Nescafe, and more
    • Get S$10 off with a min spend of S$100 on selected items from brands including Nestle NAN, Gerber, Cerelac, and more
  • Beer, Wine & Spirits
    • Save up to 30% off and buy 4 get 20% off from brands including Tiger Beer, Ruffino, Robert Mondavi, and more
    • Save up to 25% off and buy 4 get 20% off selected items from Frontera, Casillero Del Diablo and Marques De Casa Concha
    • Save up to 20% off selected items from brands including Grey Goose, Bacardi, Dewar’s and more
    • Save up to 15% off selected items and buy 4 get extra 15% off selected items from brands including Carlsberg, 1664, Asahi, and more
    • Save up to 15% off selected items and buy 4 get extra 20% off selected items from brands including Bacardi, Grey Goose, and more
    • Buy 4 get 20% off Penfolds, Pepperjack, Wynns and more

More ways to shop this Prime Big Deal Days

With deals dropping throughout the event across a wide selection of products with fast and convenient delivery options, Prime members can enjoy exclusive access to early holiday deals during Prime Big Deal Days. Not a Prime member yet? Anyone can join Prime or start a 30-day free trial at Amazon.sg/prime to participate in Prime Big Deal Days.

  • Amazon Vouchers: Discover more ways to save with Amazon Vouchers. Find discounts on everyday essentials, as well as gifts, electronics, beauty, toys, and more. Simply clip the voucher and the discount will be applied at checkout. Visit Amazon.sg/vouchers for information.
  • Amazon.sg Gift Cards: Amazon.sg Gift Cards offer an easy, simple, and convenient gifting experience, providing access to an extensive selection of products on Amazon.sg at Amazon.sg/giftcard.
  • Promotions: Enjoy greater savings when shopping on Amazon.sg. From 10 October, visit amazon.sg/bankpromotions for more information.
    • Bank promotions
      • Citibank MasterCard cardholders can get S$15 off S$160 or more when they spend on Amazon.sg.
      • DBS cardholders can get S$12 off S$120 or more when they spend on Amazon.sg.
      • UOB cardholders can get S$12 off S$120 or more when they spend on Amazon.sg.
    • Looking for more payment promotions? Get 1% off your purchase when you use PayNow, with no minimum spend from 18 September.
    • Buy Now, Pay Later with Grab and Atome on Amazon.sg
      • Get S$15 off S$150 min spend with PayLater by Grab
      • Get S$10 off S$150 min spend with Atome

*Terms and conditions apply to all promotions listed above.

Get Ready for the Big Day
Learn how to best prepare for Prime Big Deal Days to maximise your savings.

  • Join Prime: New customers can enjoy a 30-day free trial when they register for Prime membership. For S$2.99 a month, Prime membership includes unlimited access to award-winning movies and TV episodes with Prime Video, unlimited access to video game benefits with Prime Gaming, access to epic deals on Prime Day, free delivery on selected delivery windows for orders of S$150 and above on Amazon Fresh, free 2-hour scheduled delivery for orders of S$60 and above on Watsons and Little Farms on Amazon.sg, and more.
  • Set up personalised deal alerts: Prime members can subscribe to receive deal alert notifications related to their recent Amazon searches and recently viewed items. All they have to do is visit the Prime Big Deal Days event page on the Amazon app between now and Prime Big Deal Days to create deal alerts. Once Prime Big Deal Days arrives, members will receive push notifications on any available deals.


Access Prime Big Deal Days Globally
Prime Big Deal Days will kick off in 19 countries around the world on October 10, including Australia, Austria, Belgium, Brazil, Canada, China, France, Germany, Italy, Luxembourg, the Netherlands, Poland, Portugal, Singapore, Spain, Sweden, the U.S., and the UK. Prime members in Japan can shop the Prime Big Deal Days event later in the month.

Every Day Made Better with Amazon Prime
Amazon Prime was designed to make your life better every single day. Over 200 million paid members around the world enjoy the many benefits of Prime, including the best of shopping and entertainment. In Singapore, Prime membership includes unlimited access to award-winning movies and TV episodes with Prime Video, unlimited access to video game benefits with Prime Gaming, Prime Day, and more. Prime was built on the foundation of unlimited fast, free shipping. Prime members enjoy access to free one-day delivery on domestic Prime eligible selection on Amazon.sg, free delivery on selected delivery windows for orders of S$150 and above on Amazon Fresh, free 2-hour scheduled delivery for orders of S$60 and above on Watsons and Little Farms on Amazon.sg, as well as early access to deals and exclusive deals. Prime is S$2.99 per month. Start a 30-day free trial of Prime at Amazon.sg/prime.

Hashtag: #Amazonsg #AmazonPrime #PrimeBigDealDays


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

Amazon Singapore

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, personalized recommendations, Prime, Fulfillment by Amazon, AWS, and Kindle are some of the products and services pioneered by Amazon. For more information, visit .

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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.

Hytera Facilitates a Successful Aramco Team Series 2023 at Hong Kong Golf Club

Hytera Facilitates a Successful Aramco Team Series 2023 at Hong Kong Golf Club

HONG KONG SAR – Media OutReach – 9 October 2023 – Hytera Communications (SZSE: 002583), a leading global provider of professional communications technologies and solutions, was proud to partner with Golf Saudi to provide event-wide two-way radio communications for the Aramco Team Series presented by PIF at Hong Kong Golf Club on October 6-8.

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Hytera provided a Digital Mobile Radio (DMR) communications solution to the event, including easy-to-use BP51X handheld two-way radios for the staff and digital repeaters for full coverage of the golf courses and facilities. The BP51X radios, known for their light and compact design, offered an extended range and multiple channels for flexible group calls. The radio network ensured uninterrupted and instant coordination throughout the event venue which covers approximately 172 acres, contributing to an impeccable event experience for fans, players, referees, and officials.

“We are honored to support the Aramco Team Series, a truly exciting event in the golf landscape. This isn’t the first occasion where Hytera radios have been the choice for sporting events to ensure seamless communication, with our DMR radios allowing for reliable and wide coverage across the greens. It’s a pleasure to contribute to an event that not only had fierce competition but a celebration of talent, spirit, and love for the game,” commented on the collaboration by Ming Kam Wong, deputy GM of Hytera overseas business.

The partnership underscores Hytera’s commitment to enhancing efficiency and safety through its innovative solutions in sports fields across the world. Using a unique scoring system, and allowing an amateur to contribute to the final result of a professional tour event with a total prize fund of $1m, the Aramco Team Series presented by PIF continues to bring a new level of excitement and entertainment to the Ladies European Tour. Hytera extends its congratulations to all the participants, organizers, and attendees who played a role in making the event a success.

Hashtag: #Hytera

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

About Hytera

Hytera Communications Corporation Limited (SZSE: 002583) is a leading global provider of professional communications technologies and solutions. With voice, video and data capabilities, we provide faster, safer, and more versatile connectivity for business and mission critical users. We make the world more efficient and safer by enabling our customers to achieve more in both daily operations and emergency response. Learn more at .

About – Aramco Team Series

The Aramco Team Series is both unique and historic and epitomises Aramco’s status as one of the most committed investors into female golf today. The investment by Aramco as the headline sponsor makes them one of the biggest backers of the women’s game in Europe today. The five tournaments form an important part of a record-breaking LET schedule, with teams of four players competing together over 36 holes, before the top 60 and ties compete individually in one final, deciding round. This is the only event in world golf where an amateur contributes to the result in the main competition.

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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.

Kantar Uncovers Public’s Emphasis on Health and Food Safety, Highlighting the Unlimited Potential for Vegan Seafood

Kantar Uncovers Public's Emphasis on Health and Food Safety, Highlighting the Unlimited Potential for Vegan Seafood

Vegan Street Snacks Reach 50% Purchase Rate – Night Economy Emerges as a Key Opportunity for Promoting Plant-Based Foods in Hong Kong.

HONG KONG SAR – Media OutReach – 9 October 2023 – Kantar, the world’s leading marketing data and analytics company, today releases its Hong Kong‘s Plant-based Food Market report, revealing 74% of consumers choose plant-based foods for health reasons, and they pay great attention to nutrition and food safety when making dietary choices. Labels including additives-free, traceability and natural can increase consumers’ willingness to purchase vegan products.

According to the report, over 90% of consumers expressed interest in considering vegan seafood in the future, while only 10% have purchased this kind of product in the past three months. The increasing interest is amplified by recent concerns over the safety of seafood consumption due to Japan’s discharge of treated radioactive water. The report suggests that the industry should capitalize on this trend and develop unique vegan seafood products and dishes.

In the government’s recent promotion of the night economy, street food plays a crucial role. However, most street food in night markets are high in calories and low in nutritional value, easily leading to weight gain and health issues. Given that maintaining health is a primary reason for choosing plant-based food, the industry could consider offering healthy and low-calorie vegan alternatives at night. The report shows that 94% of consumers are willing to try vegan ready-made meals and snacks, including vegan versions of popular street foods like hamburgers, deep-fried spring rolls/prawn crackers, siu mai, fish balls, and fried chicken nuggets and so on.

Kantar’s study explores Hong Kong citizens’ opinions on the nutrition, taste and product labels of plant-based foods. The goal is to understand the information that needs to be emphasized, as well as the barriers that need to be overcome for plant-based foods to become part of consumers’ daily diet.

Other key findings include:

· Major factors that deter consumers from choosing plant-based foods include high prices (53%), dislike for their taste and texture (32%) and difficulty finding them in the market (23%). To address these concerns, it is recommended that fast-food restaurants and Hong Kong-style cafes, known for their convenience and affordability, promote plant-based dishes.

· The industry can explore the possibility of introducing options which cater to various dining scenarios. For example, considering office workers’ preferences, there is potential for launching vegan cheese sandwiches and vegan satay beef noodles as breakfast options. According to the report, 25% and 23% individuals are willing to try the vegan versions of these dishes respectively.

Jeff Tsui, Managing Director of Kantar Profiles’ division, Greater China, commented:

“A growing emphasis on health is driving the evolution of plant-based trend locally. The recently published Hong Kong‘s Plant-based Food Market report provides actionable insights for the catering industry, suggesting that diversifying plant-based food choices to accommodate different dining scenarios would be an intriguing strategy to attract busy urban dwellers. Notably, Hong Kong’s dining culture is a blend of Chinese and Western influences, with cha chaan tengs (Hong Kong-style cafes) having played a prominent role in shaping the food trend. Despite the rising popularity of cross-border consumption, there remains an opportunity for innovative plant-based dishes that incorporate local flavors to spearhead a fresh wave of healthy eating.”

Hashtag: #Kantar #KantarProfiles #MarketResearch #PlantbasedFood #HealthyEating #JapanRadioactiveWater #VeganSeafood #NightEconomy #VeganFishball #VeganSiuMai #凱度 #市場調研 #植物基食品 #健康飲食 #食品安全 #日本處理水 #純素海鮮 #香港夜經濟 #純素小食

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

Kantar 凱度

Kantar is the world’s leading marketing data and analytics business and an indispensable brand partner to the world’s top companies. We combine the most meaningful attitudinal and behavioral data with deep expertise and advanced analytics to uncover how people think and act.

Kantar’s Profiles division is home to the world’s largest audience network. With access to 170m+ people in over 100 global markets, it offers unrivalled global reach with local relevancy. Validated by industry leading anti-fraud technology, Kantar’s Profiles Audience Network delivers the most meaningful data with consistency, accuracy, and accountability – all at speed and scale.

For more information, please get in touch with .

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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.

SET aims to uplift research work towards sustainable development, supporting research funds for both professors and students

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The Stock Exchange of Thailand (SET) has promoted the Thai capital market research, created quality researchers, and connected network of academics with that of the capital market business sector, by providing research grants to professors in conducting research related to the Thai capital market purposefully for sustainable development goals. A total of 10 grants were allocated for the professors, and eight awards were presented to students who conducted research studies selected for the final round of the 2023 SET Research Scholarship Project.

Outstanding Capital Market Research Award was granted to Thitiwat Setsaengsri, Faculty of Commerce and Accountancy, Thammasat University from the research on the topic of “Sustainability index and cost of debt: evidence from ASEAN market”, and Superior Capital Market Research Award was offered to Norrasate Sritanee, Faculty of Business Administration, Chiang Mai University from the research on the topic of “How does ESG affect listed family firms’ performance?”. Moreover, there were four more Honorary Awards, and Special Awards for Rising Star in Capital Market Research Award and Sustainability Research Excellence Award.

SET President Pakorn Peetathawatchai said that SET has continuously promoted the capital market research to further benefit the Thai capital market development by supporting such research grants for 13 consecutive years. Such support has been extended to other fields of research to ease obstacles and facilitate conducting research…

SET aims to uplift research work towards sustainable development, supporting research funds for both professors and students – SET News

China Expels Former Bank of China Chairman From Communist Party

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China Expels Former Bank of China Chairman From Communist Party

The former chairman of the Bank of China, Liu Liange, has been expelled from the Communist Party of China for illegal activities and accepting bribes.

China’s ruling Communist Party expelled former Bank of China chairman Liu Liange, accusing him of illegal activities and bribery. The Central Commission for Discipline Inspection (CCDI) stated that Liu granted illegal loans and caused financial risks. He was also charged with importing prohibited publications, accepting bribes, and enjoying entertainment at private clubs and ski resorts. Liu, who had been working in various banking and finance institutions, resigned from the Bank of China in March 2021. President Xi Jinping’s anti-corruption campaign has been popular, aiding his consolidation of power and removing rivals.

Source : China Expels Former Bank of China Chairman From Communist Party

Xiao-I Corporation Releases Hua Zang Large Language Model 1.1, Effectively Addressing Pain Points in Industry Applications with Its Support for Multiple Language Scenarios

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

SHANGHAI, CHINA – Media OutReach – 7 October 2023 – Xiao-I Corporation (NASDAQ: AIXI) has launched its independently developed Hua Zang Large Language Model 1.1. This iteration comprehensively enhances support for multilingual application scenarios, further refining its product offering. It is widely regarded within the industry as a solution to address the pain points of some industries encountered in cross-language scenario applications.

As a domestically produced general AI system, positioned as “controllability, customizability, and deliverability,” Hua Zang Large Language Model has achieved notable breakthroughs in delivery costs. The newly released 1.1 version has taken its multilingual support capabilities to the next level, introducing support for two additional languages: English and Japanese. This expansion enables interactive applications in bilingual scenarios, such as encompassing conversations, text generation, translation, and more, significantly broadening its applicability.

Language support has always been a pain point for application promotion in the practical operations of certain cross-border e-commerce enterprises targeting overseas markets. Industry analysts believe that integrating multilingual capabilities in the Hua Zang Large Language Model will effectively assist relevant corporate users in realizing AI-empowered cross-border business implementation, thus expanding the boundaries of its applications.

Furthermore, the new version has also upgraded and strengthened its output control. It has introduced a text risk prediction and control module, enabling intelligent monitoring of the scale and risk of generated content, thus ensuring the safety and controllability of enterprise users’ application processes.

The expansion of language support will facilitate the Hua Zang Large Language Model’s implementation in various vertical domains, while the enhancement of output control provides enterprises with a greater sense of security. This is expected to lead to an expansion in the user base. With the dual driving forces of technological iteration and business application, the Hua Zang Large Language Model is steadily progressing toward its goal as a general AI system, and will accelerate the advancement of AI empowerment across various industries in China.

Hashtag: #HuaZangLargeLanguageModel

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

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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.

Economic outlook Outlook Quarter 3/2023

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Thailand Business News

The SCB EIC has revised down Thailand’s economic growth outlook for 2023 due to weak Q2 performance and export contraction. However, there is potential from private consumption and tourism. Inflation is expected to increase, and the global economy may face fragility from inflation and policy rate hikes. The Thai economy also faces uncertainties from China’s slowdown and severe drought. Government policies, such as a massive stimulus plan, could boost growth but may have long-term fiscal burdens. The SCB EIC proposes long-term policies to enhance competitiveness and sustainable growth.

Abstract

SCB EIC has revised down Thailand’s economic growth outlook for 2023 due to lower-than-expected performance in Q2 and continued export contraction. However, there is still potential from private consumption and the tourism sector, with foreign tourist arrivals projected to reach 30 million people. In 2024, the economy is expected to accelerate to 3.5%, driven by an increase in foreign tourists to 37.7 million, as well as growth in private investment and Thai exports.

Inflation and Policy Rate Hikes

Headline inflation is expected to rise, driven by higher energy and food prices, but should remain within the target range at 1.7% in 2023 and 2% in 2024. The core inflation is projected to stay elevated at 1.4% in 2023 and 1.5% in 2024. SCB EIC anticipates another policy rate hike in September, bringing the rate to 2.5%, to support the economy and maintain financial stability.

Global Economic Outlook

The global economic rebound is expected to be unsynchronized, with global economic growth forecasted to reach 2.4% in 2023 and remain steady in 2024. China’s economy may face a slowdown due to structural challenges, while rising commodity prices could drive global inflation. The US Federal Reserve, European Central Bank, and Bank of England are expected to adjust policy rates accordingly. The People’s Bank of China will continue with monetary easing, while the Bank of Japan may reduce its ultra-loose monetary policy.

Source : Economic outlook Outlook Quarter 3/2023