HONG KONG SAR – Media OutReach – 10 October 2023 – Hong Kong has recovered steadily throughout 2023. However, the HKSAR government should increase its efforts to respond to new circumstances globally. To navigate Hong Kong towards a prosperous future, we believe the government should implement further reforms to strengthen the economy.

(from left to right) Ms Karina Wong FCPA (Aust.) - Divisional Councillor and Deputy Chairperson of Taxation Committee, CPA Australia Greater China Mr Robert Lui FCPA (Aust.) - Divisional President and Chairperson of Continuing Professional Development Committee, CPA Australia Greater China Dr Paul Sin FCPA (Aust.) - Divisional Councillor and Deputy Chairperson of Greater Bay Area, CPA Australia Greater China — (from left to right)
Ms Karina Wong FCPA (Aust.) – Divisional Councillor and Deputy Chairperson of Taxation Committee, CPA Australia Greater China
Mr Robert Lui FCPA (Aust.) – Divisional President and Chairperson of Continuing Professional Development Committee, CPA Australia Greater China
Dr Paul Sin FCPA (Aust.) – Divisional Councillor and Deputy Chairperson of Greater Bay Area, CPA Australia Greater China

CPA Australia has therefore proposed a range of ideas to the Hong Kong Government for the Chief Executive’s second policy address today. These ideas are focused under eight themes, including bolstering the city’s position as an international financial centre (IFC), attracting enterprises and investments, and turning Hong Kong into an international centre for innovation and technology (I&T).

These ideas were developed following consultation with member experts and the broader CPA Australia membership in Hong Kong. This included a poll of 208 accounting and finance professionals. The poll captured their expectations and opinions for the Policy Address.

In response to our poll question on where the government should prioritise the allocation of resources in this Policy Address, the most popular option was strengthening Hong Kong’s position as an IFC (84 per cent). This was followed by the development of Hong Kong as an international I&T centre (47 per cent), and an international trade centre (41 per cent).

Mr Robert Lui, CPA Australia’s Greater China Divisional President 2023 said: “Hong Kong’s position as an IFC is a key competitive advantage for the city. However, in the face of growing competition, action is needed to sustain and enhance that advantage.

“With the stock market facing significant pressure this year, we suggest the government consider reforms that increase market liquidity and attract investment. These should include reducing stamp duty on stock transactions. One option is to align Hong Kong’s stamp duty rate with mainland China’s rate of 0.05 per cent imposed on the seller only, a cut from the current rate of 0.26 per cent.

“To bring Hong Kong into line with other international bourses, we suggest that the HKEX’s trading hours be extended by 1.5 hours from the current 5.5 trading hours.

“To support the development of non-traditional and emerging asset classes, the government should consider initiatives that advance investor education and financial literacy in these asset classes.”

To attract talent, most respondents (67 per cent) said that the Policy Address should include initiatives to improve the working environment such as implementing work-life balance policies. Lui stressed that better working conditions and improvements to Hong Kong’s environment and cultural scene will help lure and keep talent.

In light of the current weakness in the property market, Ms Karina Wong, Deputy Chair of the Greater China Taxation Committee at CPA Australia, suggested the government expedite the implementation of the new Capital Investment Entrant Scheme (CIES) and reduce the ad valorem stamp duty (AVD).

“To support the property sector and encourage new investment into Hong Kong, we suggest the government consider providing eligible CIES applicants with the same Buyers Stamp Duty (BSD) rate as local residents for their first property purchase. Permissible assets under the scheme should be expanded to include immovable properties in Hong Kong with a minimum threshold of at least HKD20 million.

“The property market could be further supported by reducing the ad valorem stamp duty of 15 per cent on the acquisition of a second residential property. Should the property market remain weak for an extended period, the government should consider phasing out the AVD.”

To enhance closer collaboration with the mainland, Wong suggests the government works with Mainland authorities to enhance the Hong Kong-Mainland of China double tax agreement (DTA) and help distinguish Hong Kong from regional competitors, “This could include discussions on reducing the dividend withholding tax rate to say 2.5 per cent from the existing of 5 per cent.”

Many members want the government to prioritise allocating resources to developing Hong Kong into an international I&T centre. Strengthening the city’s digital infrastructure, including its cybersecurity and data protection infrastructures should be a key part of that vision.

Dr Paul Sin, Greater China Divisional Councillor of CPA Australia says “Data is the bridge connecting the real and virtual worlds, and drives artificial intelligence (AI) and web3. We suggest that the government release more of its valuable data to enable the extension of the Open Application Programming Interface (API) beyond the banking sector.

“Further developing and supporting such digital infrastructure could speed up information exchange and innovation. It could for example allow connecting a property token with Land Registry record or allow eKYC (electronic Know Your Customer) of SME through Company Registry record.”

“We also suggest the government initiate the development of a standardised ESG grading system. This would enable banks and other investors to effectively assess the ESG performance of a green project, benefiting the development of green finance,” he further suggested.

Hashtag: #CPAAustralia

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

About CPA Australia

CPA Australia is one of the largest professional accounting bodies in the world, with more than 172,000 members in over 100 countries and regions, including more than 22,200 members in Greater China. CPA Australia has been operating in Hong Kong since 1955 and opened our Hong Kong office in 1989. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at cpaaustralia.com.au

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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.

CanariaBio and Hikma announce the signing of distribution and license agreement for oregovomab in MENA Region

CISION PR Newswire

Oct 10, 2023

SEOUL, South Korea, Oct. 10, 2023 /PRNewswire/ — CanariaBio Inc. and Hikma MENA FZE, part of Hikma Pharmaceuticals PLC (Hikma), today announced the signing of distribution and license agreement for oregovomab in the Middle East and North Africa (MENA) region.

"We are thrilled to partner with Hikma, a company with a strong presence in the MENA region and a proven track record of successful collaborations," said Michael Na, CEO of CanariaBio.

Oregovomab is being tested in combination with carboplatin and paclitaxel for patients with advanced ovarian cancer in the phase 3 FLORA-5 trial. In Phase 2, the addition of oregovomab yielded a median progression-free survival of 41.8 months compared with 12.2 months with standard chemotherapy (HR, 0.46, P=0.0027). The hazard ratio of overall survival was 0.35.

About Oregovomab

Oregovomab is a murine monoclonal antibody direct to the tumor-associated antigen CA125 that stimulates a host cytotoxic immune response against tumor cells expressing CA 125, a biomarker commonly found in ovarian cancer (OC). In a randomized Phase II clinical trial, oregovomab demonstrated a significant improvement in progression-free and overall survival in advanced OC treatment when administered simultaneously with first-line chemotherapy. This promising schedule is currently investigated in a phase III trial.

About Hikma

Hikma MENA FZE, a key subsidiary of the global pharmaceutical leader Hikma, is a prominent provider of branded generic and in-licensed medicines in the MENA region.

Hikma helps put better health within reach every day for millions of people around the world. For more than 45 years, Hikma has been creating high-quality medicines and making them accessible to those in need. Headquartered in the UK, Hikma is a global company with a local presence across North America, the Middle East and North Africa (MENA), and Europe. Hikma utilizes its unique insight and expertise to transform cutting-edge science into innovative solutions that enhance people’s lives. Hikma is deeply committed to its customers and the individuals they serve. By thinking creatively and acting practically, Hikma offers a broad range of both branded and non-branded generic medicines. Together, Hikma’s 8,800 colleagues work towards shaping a healthier world that benefits all communities. Hikma stands as a leading licensing partner and, through its venture capital arm, contributes to bringing innovative health technologies to people globally. For more information, please visit: www.hikma.com.

About CanariaBio

CanariaBio Inc. is a clinical-stage biopharmaceutical company dedicated to the development and commercialization of innovative cancer biotherapeutics. CanariaBio’s technology platform includes a portfolio of tumor antigen-specific monoclonal antibodies targeting CA-125, MUC1, PSA, and Her2/neu. For more information, visit CanariaBio’s website at www.canariabio.com.

Source : CanariaBio and Hikma announce the signing of distribution and license agreement for oregovomab in MENA Region

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

Mental Health is the Foundation for Learning

CISION PR Newswire

Oct 10, 2023

As we unite behind universal human rights this World Mental Health Day, let it not be just another day of commemoration without action.

Education Cannot Wait Executive Director Yasmine Sherif Statement on World Mental Health Day

NEW YORK, Oct. 10, 2023 /PRNewswire/ — Millions of school-aged children, adolescents and their teachers in countries of brutal conflicts, devastating climate disasters and refuge are calling out for our action today. Their mental health cannot wait. They need support now to restore the foundation for learning.

As we unite behind universal human rights this World Mental Health Day, let it not be just another day of commemoration without action.

Today, 224 million children and adolescents – and their teachers – live through experiences that create chronic anxiety, depression and various degrees of trauma affecting their mental health. They see and live through the most excruciating pain imaginable. The soul-shattering pain of executions of family members, sudden loss of parents and siblings, all while their homes and schools are bombed and burnt down. They live with a daily fear of sexual violence, gender-based violence, trafficking, unwanted pregnancies, child marriage and forcible recruitment into armed groups. Their mental health is inevitably affected. Yes, this is a normal reaction to an abnormal challenge. However, it is not a normal life for a young person.

Conflicts, climate disasters and flight severely impact their brain development and their ability to focus, learn and develop their potentials. In the absence of mental health and psychosocial support (MHPSS), their education risks being lost, hence the loss of their very last hope.

Only a very few survive and thrive without professional support. This is why Education Cannot Wait has made MHPSS a top priority. All our investments integrate mental health and psychosocial services across all age-groups – from early childhood development through secondary school. Their teachers are part of the support too.

As we unite behind universal human rights this World Mental Health Day, let it not be just another day of commemoration without action. Let us instead heed their calls and take action. We can make a difference by funding education in emergencies and protracted crises and joining the Education Cannot Wait community. We can do so with full confidence that MHPSS will be an integral part of a holistic and inclusive quality education.

By ensuring girls and boys can access mental health and psychosocial services, by providing teachers the training they need to work on the frontlines of the world’s worst humanitarian crises, and by providing protection for children that have lived through these life-changing ordeals, we provide a whole-of-child solution for quality education.

It’s not just our way of addressing the world’s mental health crisis, it’s part and parcel of addressing the education crisis.

We all know that students’ ability to learn is affected by their mental health. Equally important, teachers’ ability to teach is impacted by their own mental health.

All ECW Multi-Year Resilience Programmes incorporates MHPSS interventions. Today, we have reached nearly 9 million children and adolescents with such support. In 2022 alone, ECW supported the training of approximately 33,000 teachers to address the mental health needs of learners in places like the Democratic Republic of the Congo, Nigeria, Iraq and Sudan, and dedicated psychosocial focal points, school counsellors, or social workers have been stationed within or close to 3,100 learning spaces since ECW’s inception.

Our strategic partners are leading the way. In August 2022, War Child Sweden convened stakeholders, including Nordic country donors, to increase funding for mental health and psychosocial support services. Following the conference, ECW joined donors, government representatives and key organizations – including the International Federation of the Red Cross and Red Crescent Society’s Psychosocial Support Centre – in endorsing the 2022 Copenhagen Declaration on MHPSS in Fragile and Humanitarian Settings. The declaration calls for increased investment and intentional focus on quality MHPSS in crisis settings.

ECW remains steadfast in its engagement with the Nordic Network and has committed to support the next conference, planned for March 2024 in Sweden. We must meet the child, the adolescent and the teacher where they are and address all of their needs to ensure a quality education. Their mental health can either break or make them. If mental health is addressed in time, they will become very powerful and resilient learners. Let us lay the foundation for learning, growing and becoming by connecting the dots between mental health and education. Let’s realize that potential and power of overcoming conflicts and disasters for the 224 million crisis-impacted children and adolescents – and their teachers – across the world.

Source : Mental Health is the Foundation for Learning

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

Pramita Sari: Driving Mazda Indonesia's Marketing Success in the Premium Automotive Segment

CISION PR Newswire

Oct 10, 2023

JAKARTA, Indonesia, Oct. 10, 2023 /PRNewswire/ — Mazda Indonesia, a dominant player in the Japanese premium automotive market, has recently introduced its latest gem, the All-New Mazda CX-60 in Indonesia. Spearheading this remarkable marketing achievement is none other than Pramita Sari, the esteemed Marketing and Communications General Manager of Eurokars Motor Indonesia. With her leadership, Pramita Sari has orchestrated a resounding success in ensuring the All-New Mazda CX-60’s stellar debut, as well as increasing 30% Mazda brand’s PR (Public Relations) Value in Indonesia’s premium car segment.

Pramita Sari, the mastermind behind Mazda Indonesia’s triumphant marketing strategy rooted in a value-centric approach, setting a fresh benchmark for innovation and premium car design excellence in Indonesia.

For the latest updates, follow Mazda Indonesia’s official Instagram account www.instagram.com/mazdaid/ and visit www.mazda.co.id

Mazda’s premium brand awareness in the country is the result of a meticulously crafted marketing strategy that Pramita Sari and her adept team have ingeniously engineered. The Mazda CX-5 series achieved an impressive 31% of 1,002 car booking orders (SPK) during the GIIAS 2023 event, reaffirming Mazda’s prowess, and allure.

Pramita Sari embarked on her automotive journey in November 2021 as the Head of PR & Communications, harnessing her prior experience in deftly managing diverse hospitality and lifestyle brands across Indonesia. Her passion for marketing and curiosity led her to Mazda Indonesia, where she focused on elevating the brand’s presence. Her strategic acumen has increased Mazda’s brand awareness as a premium automotive brand in Indonesia by 10%.

Under her leadership, Eurokars Motor Indonesia has strengthened its premium positioning through the following multifaceted approach:

Product Differentiation: Spotlighting unique and innovative models/designs, Emphasizing Mazda’s Values: Seamlessly and consistently communicate Mazda’s meaning and values to foster lasting relationships with customers. Excellence in Customer Experience: Eurokars Motor Indonesia’s commitment to end-to-end customer satisfaction, highlighted by a meticulous customer experience investment, ensures a steadfast customer base. Leveraging Digital Transformation: By embracing the digital age and proactively reaching out to customers via online platforms, Eurokars Motor Indonesia authentically educates, engages, and broadens its audience. Innovative Marketing: The implementation of imaginative campaigns, synergistic collaborations with influencers and brands eyeing for the same positioning, and captivating event activations have unequivocally piqued public interest. This success culminated in Eurokars Motor Indonesia’s booth being lauded as the Favourite Booth in GIIAS 2022 for the Passenger Category <800-square meters. Agile Adaptation: The understanding of the fast-changing and dynamic nature of Indonesia’s automotive industry underlines the importance of agility, flexibility, and adaptability.

Additionally, Pramita Sari advocates for a value-driven marketing approach that builds stronger relationships with customers. "When we grasp our customers’ needs and values, we start to cultivate customer loyalty that transcends generations. By delivering satisfying experiences, high-quality products, and exceptional service, we can establish a brand reputation that continues to grow," said Sari.

The new Mazda Simprug Headquarters represents a groundbreaking milestone for Mazda. It is the first-ever service hub that epitomizes responsiveness, personalization, and attentive consumer engagement. More than a mere service center, the headquarters immerses consumers in Mazda’s values, fostering emotional connections that transcend transactions. Mazda’s marketing and communication initiatives are a joint effort between Japan and Indonesia, with both teams working collaboratively to create compelling strategies that resonate with customers.

As Mazda Indonesia strides confidently in 2023, the national automotive sector’s promising 10.64% growth fuels a renewed sense of optimism and opportunity for the brand to flourish under Pramita Sari’s astute guidance. With unwavering optimism, she commented, "We perceive these positive industry trends not as challenges, but as avenues for innovation, expansion, and transformation. Armed with 25 official dealers across the nation, Mazda Indonesia is ready to win over Indonesian automotive aficionados by collaborating with others, empowering communities, and participating in events."

Pramita Sari’s focus remains unwavering: to continue shaping Mazda as a brand that resonates strongly with its customers. With over 15 years of experience in the B2B and B2C sectors, her strategic communication prowess has propelled the brands she has worked with to greater heights, leading her to be recognized as one of the Top 100 Corporate Communication Practitioners in Indonesia in 2019 by MIX Marketing & Communication Magazine. Her expertise in PR and Communications has also made her elected as part of the Board of Council of the Indonesia Hotel Public Relations Association (H31), which she previously served as Chairperson of H31 for the 2019-2021 period.

About PT Eurokars Motor Indonesia

PT Eurokars Motor Indonesia (EMI), part of Eurokars Group founded by Karsono Kwee, is the sole agent and exclusive distributor of Mazda vehicles in Indonesia under PT EMI’s ownership since 2017, Mazda has recorded significant sales growth in the domestic premium cars market through its models and features. After the acquisition, Karsono Kwee, the founder of Eurokars Group, decided to employ all the employees and integrate them into the Eurokars Group.

Media contact:

Pramita Sari
Marketing & Communications General Manager
E-mail: [email protected]

Fachruzi
Mazda & Communications Assistant Manager
E-mail: [email protected] //www.instagram.com/embed.js

Source : Pramita Sari: Driving Mazda Indonesia's Marketing Success in the Premium Automotive Segment

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

Thailand’s PM to go ahead with digital wallet despite objections from academics

Asean News

Oct 10, 2023

Despite objections from academics, the Prime Minister remains determined to proceed with the implementation of a “digital wallet” system.

Prime Minister Srettha Thavisin has confirmed that the government will proceed with the digital wallet scheme next year as planned, despite opposition from a group of 99 economics professors, including two former governors of the Bank of Thailand.

During a visit to observe flood conditions and provide aid to flood victims, the prime minister assured a 70-year-old woman that she would still be eligible for the program even if she did not own a smartphone.

The economists opposing the scheme argue that it is unnecessary given the projected increase in Thailand’s growth rate next year and that the funds could be better used for other purposes, such as infrastructure investment. They also criticize the program for creating social inequality.

ISCA, COC and NCSS introduce a new programme to help charities strengthen accounting and finance processes for better governance

Corporate News Media OutReach

Oct 10, 2023

ISCA, COC and NCSS introduce a new programme to help charities strengthen accounting and finance processes for better governance

SINGAPORE – Media OutReach – 10 October 2023 – In collaboration with the office of the Commissioner of Charities (COC) and the National Council of Social Service (NCSS), the Institute of Singapore Chartered Accountants (ISCA) will introduce a new programme to support charities in digitalising their accounting and finance processes for better governance and strengthen their accounting capabilities.

The new programme aims to accelerate the digital transformation of over 2,000 charities in Singapore, especially smaller charities with limited resources, by:

i. reviewing and improving the charities’ processes and controls to foster better risk management which will boost stakeholder confidence; and

ii. supporting the implementation of accounting software to strengthen documentation practices and improve charities financial operations for better accountability and governance.

Mr Teo Ser Luck, ISCA President, said: “Many of us have benefited from society whether professionally or personally. At ISCA, we want to do our part to give back to the community by helping those in need. As a profession, we can make a difference to the charity sector with our knowledge and skills. This is an opportunity for our members to make a positive and meaningful impact.”

The new programme will pilot with four charities, before it is scaled for wider implementation in early 2024. Identified by ISCA for the programme, four accounting firms – Helmi Talib Accounting & Advisory, Nexia Singapore, Singapore Corporate Services, and Unity Assurance – will be offering their services on a pro bono basis. Through the firms’ skills-based volunteerism and corporate contribution, they will help charities digitalise their accounting systems and strengthen charities’ governance and controls. Interested charities can write to ISCA at [email protected].

As part of this new programme, Xero, an online accounting software company, will offer a specially discounted accounting software package to help charities in their digitalisation journey. Charities that onboard the programme will enjoy 50 percent off standard subscription rates for the first three years and 25 percent off lifetime subscription.

The new programme is driven by the ISCA Charity Accounting Committee, comprising of industry experts from the accountancy sector. The committee will also be supporting the implementation of accounting standards for charities through guidance and sharing of best practices. Professor Ang Hak Seng, Chairman of the ISCA Charity Accounting Committee, said: “In our discussions with the charities, we identified two major pain points that smaller charities face when implementing digital accounting practices – the cost of accounting software and the transition from manual to digital accounting. For the former, ISCA worked with a software company to offer software to charities at community rates. For the latter, pro-bono/low-bono consultants will be attached to each charity to guide them step-by-step in their journeys. Standard operating procedures will also be created to ensure continuity even after the departure of the consultant. These best practices will be shared sector-wide, enabling rapid adoption of digital accounting by more charities.”

Mr Desmond Chin, Commissioner of Charities, said, “This collaboration is part of our efforts to support charities in building up their capabilities to better serve the community, and to strengthen public trust in the sector. Charities are encouraged to leverage ISCA’s programme to strengthen their accounting process and controls to ensure transparency and accountability within their organisations.”

The new programme further complements ISCA’s vision to rally its stakeholders to do more for those in need. In support of Community Chest’s Change for Charity initiative, ISCA will donate $5 for every new subscription to its e-learning platform, ISCAccountify from 1 August 2023 to 31 July 2026.

Ms Tan Li San, Chief Executive Officer, National Council of Social Service, said, “We are grateful to ISCA for taking the lead in encouraging its members to volunteer expertise to strengthen the charities’ finance and accounting practices, and to adopt Change for Charity. We hope to partner more professional associations to enable businesses to tap on their competencies and volunteer their skills to uplift social service agencies, so that they can better serve Singaporeans.” In addition, NCSS provides funding support to NCSS members as well as exempt and registered Charities and Institutions of a Public Character (IPCs) for accounting systems under Tech-And-GO! schemes.”

Corporations, social service agencies and charities who are keen in engaging volunteers to augment resourcing needs may find out more about the Skills-Based Volunteerism Toolkit for Organisational Development at https://go.gov.sg/ncss-sbvtoolkit.

Hashtag: #ISCA #COC #NCSS

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

About the Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a world-class accountancy body of trusted professionals, contributing towards an innovative and sustainable economy. There are over 33,000 ISCA members making their stride in businesses across industries in Singapore and around the world.

Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession.

ISCA is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation.

ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.

For more information, visit

www.isca.org.sg.

About the Commissioner of Charities

The Office of the Commissioner of Charities (COC) was set up on 1 July 2006. Together with our five Sector Administrators, namely the Ministry of Education, Ministry of Health, Ministry of Social and Family Development, People’s Association and Sport Singapore, the COC registers and regulates charities and Institutions of a Public Character (IPCs). The vision of the COC is to nurture a well-governed and thriving charity sector with strong public support. To achieve this, the COC regulates charities by advising them on how to operate in compliance with the requirements of the Charities Act and subsidiary legislation and how to maintain high standards of governance and internal controls. It also regulates all private and public fund-raising appeals in Singapore, be it for local or foreign charitable purposes, with a view to promote transparency and accountability in the appeals administered.

About National Council of Social Service (NCSS)

NCSS is the umbrella body for over 450-member social service agencies in Singapore. Its mission is to provide leadership and direction in enhancing the capabilities and capacity of our members, advocating for social service needs and strengthening strategic partnerships, for an effective social service ecosystem. Community Chest is the fundraising and engagement arm of NCSS and Social Service Institute (SSI) is the human capital development arm of NCSS. For more information, please visit

www.ncss.gov.sg.

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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.

PR tech company Tango Digital records 20-fold business growth Social Listening System EARFUL Adds World’s First Video Social Listening Capabilities To Safeguard Digital Brand Reputation

Corporate News Media OutReach

Oct 10, 2023

HONG KONG SAR – Media OutReach – 10 October 2023 – In the era of big data, brands find it imperative to employ Social Listening for a more in-depth understanding of their target audience. As Tango Digital, a premier PR technology company in Asia, celebrates its third anniversary, it continues to offer brand safety solutions to numerous leading Asian enterprises. Their Social Listening system, EARFUL, has garnered substantial acclaim among clients in Hong Kong. The company now announces its strategic initiative to extend its operations into Southeast Asian markets, with a particular focus on Singapore, Malaysia and Indonesia. Leveraging its latest A.I. integrations, Tango Digital aims to further deepen its capabilities in identifying brand threats in local channels, in local languages, while also providing automated solutions to neutralize those threats.

Tango Digital’s brand safety solutions, powered by the integration of artificial intelligence and PR technology within the Social Listening system – EARFUL, aggregate data from various sources, including global media, websites, news blogs, social media, local forums and more. These data sources are then integrated with automated public relations solutions such as content generation, content blasting, daily news summaries, fraud detection and more. This one-of-a-kind combo offers clients comprehensive analyses and services while improving their PR and marketing resource allocation. With the increasing emphasis on market intelligence, digitization, and brand safety, Tango Digital has experienced rapid growth, achieving a 20-fold increase in business over the past year.

As more consumers utilize online platforms to share their thoughts and opinions, EARFUL grows along with these trends to capture more in-depth insights globally. The system employs artificial intelligence (AI) to systematically track and analyze online sentiments. It is underpinned by an array of Natural Language Processing (NLP) technology and is further refined through the training of AI models. This training encompasses a comprehensive dataset, while also constantly learning from the 300,000+ mentions it captures each day for its clients. The system boasts the capability to analyze more than 30 languages, including Cantonese, Japanese, Korean and Malay, among others, thereby accommodating diverse market demands. Furthermore, the system undergoes weekly database updates, encompassing regional colloquialisms, slangs and prevalent internet phrases, ensuring its capacity to discern pertinent information even in cases where users do not explicitly reference the “correct” keywords.

In addition, as artificial intelligence becomes more prevalent, digital content in the form of text, images, and videos can be quickly produced, becoming a cornerstone of many brands’ marketing and PR management strategies. EARFUL, as the world’s first Social Listening system capable of collecting video data, monitors and captures mentions within social media videos, aiding businesses in more accurately tracking market trends. Furthermore, when sentiment related to a brand surface on social platforms, EARFUL promptly notifies the concerned clients, helping transform potential PR crises into opportunities.

Brian Tang, Tango Digital’s Founder and CEO, stated, “Tango Digital’s mission is to become the market’s premier provider of brand safety solutions. We intend to use EARFUL, our automated Social Listening technology, to help global brands foresee and respond to PR crises while protecting their brand image. Expanding our business to Southeast Asian markets, starting with Singapore, will enable us to reach larger corporate brands and sustain a significant impact within the realm of brand safety.”

Tango Digital has provided a wide range of product solutions to several top Asian firms, brands, and government agencies, including Brand Hong Kong, ICBC (Asia), Cathay Pacific and Greater Bay Area Youth Community Fund, etc. Tango Digital has also successfully completed its Series A funding round, led by Axis Capital Partners and several family offices, raising over one million US dollars.

Hashtag: #TangoDigital #EARFUL

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

About Tango Digital

Tango Digital, headquartered in Hong Kong, provides global brands with automated public relations processes and brand safety solutions. Over the years, Tango Digital has served numerous leading Asian enterprises, brands, and government organizations, including Brand Hong Kong, ICBC (Asia), Cathay Pacific and Greater Bay Area Youth Community Fund, among others. Tango Digital is also part of the Cyberport Community and is an HK4As affiliated company, recognized for its innovation in the PR technology field.

Official Website：https://www.tango-digital.com/

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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.

Allianz Trade in Asia Pacific planning for growth in India

CISION PR Newswire

Oct 10, 2023

Investments planned for the new growth engine in Asia

HONG KONG, Oct. 10, 2023 /PRNewswire/ — According to the latest report from Allianz Trade, the global economy will continue to face challenges, with lackluster growth from the cumulative impact of monetary policy tightening until the end of 2024. Overall, global GDP growth is projected to slow to +2.7% in 2023 and +2.4% in 2024; the US will see a mere +1.1% GDP growth in 2024, the slowest rate since 2009; China is expected to see a slow landing to +4.7% in 2024 and +4.2% in 2025; for Asia Pacific as a whole, Allianz Trade anticipates a growth rate of +4.1% for 2024 and +3.9% for 2025.

Meanwhile, India is on track to outpace regional peers in terms of real GDP growth over the next decade including China, emerging Asia as well as ASEAN countries. Allianz Trade expects the Indian economy to grow by an average of +6.4% between 2023 and 2027. Supported by strong economic growth and to service the needs of its customers, Allianz Trade has identified India as another growth engine in Asia. In response, Allianz Trade has recently appointed a new Country Manager to support growth in India and further investments are planned this year.

In terms of exporting, the US remains by far the largest export partner for India, with export gains for India expected to reach US$6.86 billion in 2024. The UAE and the Netherlands come next as top export partners, where export gains are estimated at US$2.68 billion and US$1.58 billion respectively. China and Singapore round out the top five with export gains reaching US$1.29 billion and US$1.01 billion respectively. Among the key sectors, India is expected to reap the highest export gains from software and IT services of approximately US$19.28 billion in 2024.

As for business insolvencies, Allianz Trade forecasted a rebound in insolvencies in India this year, largely driven by the catch-up effect due to the long suspension of courts during the Covid years. Insolvencies in India are expected to increase by +36% this year and +6% in 2024. Despite the relatively high insolvency numbers, both working capital requirement (WCR) and days sales outstanding (DSO) in India are expected to see a marginal increase of 5 days and 3 days respectively. Overall, Asia and Latin America remain the only two regions with insolvencies not yet returned to 2019 levels by 2024.

"India is poised to become the second largest economy in Asia Pacific by 2030. An important driving force is its large and fast-growing middle class, which is helping to fuel consumer spending. Furthermore, India is going to be one of the most important long-term growth markets for multinationals in a wide range of industries, including manufacturing such as automotive, electronics, pharmaceuticals, speciality chemicals and in services such as banking, financial services, insurance, health care and IT," says Imran Khan, Country Manager for India at Allianz Trade in Asia Pacific.

"Meanwhile, the trade credit insurance market in India (excluding ECGC premiums) has grown by more than 16% on average over the past five years[1]. While businesses continue to show robust growth, risk mitigation becomes equally important. Allianz Trade continues to help clients across sectors to do business with confidence and we look forward to working closely with our partners to support the Indian business and be a part of this growth journey, to which we anticipate the trade credit insurance industry should see 20% growth as businesses resuming normal," Mr Khan concludes.

Allianz Trade contact

Jason Wong

+852 3665 8946

[email protected]

https://www.linkedin.com/company/allianz-trade-apac/

We predict trade and credit risk today, so companies can have confidence in tomorrow
Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network analyses daily changes in +80 million corporates solvency. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in 52 countries with 5,500 employees. In 2022, our consolidated turnover was EUR3.3 billion and insured global business transactions represented EUR1,057 billion in exposure. For more information, please visit allianz-trade.com

Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (I) changes of the general economic conditions and competitive situation, particularly in the Allianz Group’s core business and core markets, (II) performance of financial markets (particularly market volatility, liquidity and credit events), (III) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (IV) mortality and morbidity levels and trends, (V) persistency levels, (VI) particularly in the banking business, the extent of credit defaults, (VII) interest rate levels, (VIII) currency exchange rates including the euro/US-dollar exchange rate, (IX) changes in laws and regulations, including tax regulations, (X) the impact of acquisitions, including related integration issues, and reorganization measures, and (XI) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.

[1] https://www.gicouncil.in/statistics/industry-statistics/segment-wise-report-on-homepage/

Source : Allianz Trade in Asia Pacific planning for growth in India

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