“LEQEMBI” (Lecanemab) for the Treatment of Alzheimer’s Disease Launched in South Korea JCN Newswire

“LEQEMBI” (Lecanemab) for the Treatment of Alzheimer’s Disease Launched in South Korea

November 29, 2024
TOKYO and CAMBRIDGE, Mass., Nov 28, 2024 - (JCN Newswire via SeaPRwire.com) - Eisai Co., Ltd. and Biogen Inc. announced today that the humanized anti- soluble aggregated amyloid-beta (Aβ) monoclonal antibody “LEQEMBI®” has been launched in South Korea. LEQEMBI received the Ministry of Food and Drug Safety (MFDS) approval in May 2024 for treatment in adult patients with mild cognitive impairment due to Alzheimer’s disease (AD) or mild AD dementia (early AD).LEQEMBI selectively binds to soluble Aβ aggregates (protofibrils*), as well as insoluble Aβ aggregates (fibrils) which are a major component of Aβ plaques in AD, thereby reducing both Aβ protofibrils and Aβ plaques in the brain. LEQEMBI is the first approved treatment shown to reduce the rate of disease progression and to slow cognitive and functional decline through this mechanism.It is estimated there were approximately 900,000 dementia patients in South Korea in 2021,1 with one in ten people over the age of 65 suffering from dementia,1 and one in five from mild cognitive impairment (MCI).2 It is reported that Alzheimer’s dementia patients account for about 70% of all dementia patients.2 The average annual nursing care/medical costs per dementia patient is estimated to be 21.1 million South Korean Won (KRW), while the cost for patients with severe dementia reaches 33.1 million KRW.1Eisai serves as the lead of LEQEMBI development and regulatory submissions globally with both Eisai and Biogen co-commercializing and co-promoting the product and Eisai having final decision-making authority. In South Korea, Eisai Korea Inc. will distribute the product and conduct information provision activities.Eisai Korea Inc. has been a pioneer in the field of dementia for many years, focusing on activities such as raising disease awareness. In recent years, Eisai Korea Inc. has been working with various stakeholders, including healthcare professionals, academic societies, patient groups, care centers, health checkup companies, and diagnostic companies, to create a dementia ecosystem that promotes AD awareness and early diagnosis/treatment. Eisai Korea Inc. will first launch this drug in the private market, including the establishment of a Patient Assistance Program, to deliver lecanemab to patients awaiting the treatment, aiming to make an impact not only on patients but also on their caregiving families and South Korean society.* Protofibrils are believed to contribute to the brain injury that occurs with AD and are considered to be the most toxic form of Aβ, having a primary role in the cognitive decline associated with this progressive, debilitating condition.3 Protofibrils cause injury to neurons in the brain, which in turn, can negatively impact cognitive function via multiple mechanisms, not only increasing the development of insoluble Aβ plaques but also increasing direct damage to brain cell membranes and the connections that transmit signals between nerve cells or nerve cells and other cells. It is believed the reduction of protofibrils may prevent the progression of AD by reducing damage to neurons in the brain and cognitive dysfunction.4About LecanemabLecanemab is the result of a strategic research alliance between Eisai and BioArctic. It is a humanized immunoglobulin gamma 1 (IgG1) monoclonal antibody directed against aggregated soluble (protofibril) and insoluble forms of amyloid-beta (Aβ).Lecanemab is approved in the U.S., Japan, China, South Korea, Hong Kong, Israel, the United Arab Emirates and Great Britain for the treatment of Alzheimer’s disease (AD) in patients with Mild Cognitive Impairment (MCI) or mild dementia stage of disease (collectively referred to as early AD). The treatment’s approvals in these countries was based on Phase 3 data from Eisai’s global Clarity AD clinical trial, in which it met its primary endpoint and all key secondary endpoints with statistically significant results. The most common adverse events (>10%) in the lecanemab group were infusion reactions, ARIA-H (combined cerebral microhemorrhages, cerebral macrohemorrhages, and superficial siderosis), ARIA-E (edema/effusion), headache, and fall.Lecanemab is marketed in the U.S., Japan, China, Great Britain and others, and is under regulatory review in 17 countries and regions, including the European Union. In November 2024, the treatment received positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recommending approval.Since July 2020 the Phase 3 clinical study (AHEAD 3-45) for individuals with preclinical AD, meaning they are clinically normal and have intermediate or elevated levels of amyloid in their brains, is ongoing. AHEAD 3-45 is conducted as a public-private partnership between the Alzheimer's Clinical Trial Consortium that provides the infrastructure for academic clinical trials in AD and related dementias in the U.S, funded by the National Institute on Aging, part of the National Institutes of Health, Eisai and Biogen. Since January 2022, the Tau NexGen clinical study for Dominantly Inherited AD (DIAD), that is conducted by Dominantly Inherited Alzheimer Network Trials Unit (DIAN-TU), led by Washington University School of Medicine in St. Louis, is ongoing and includes lecanemab as the backbone anti-amyloid therapy.About the Collaboration between Eisai and Biogen for ADEisai and Biogen have been collaborating on the joint development and commercialization of AD treatments since 2014. Eisai serves as the lead of lecanemab development and regulatory submissions globally with both companies co-commercializing and co-promoting the product and Eisai having final decision-making authority.About the Collaboration between Eisai and BioArctic for ADSince 2005, Eisai and BioArctic have had a long-term collaboration regarding the development and commercialization of AD treatments. Eisai obtained the global rights to study, develop, manufacture and market lecanemab for the treatment of AD pursuant to an agreement with BioArctic in December 2007. The development and commercialization agreement on the antibody back-up was signed in May 2015.About Eisai Co., Ltd. Eisai's Corporate Concept is "to give first thought to patients and people in the daily living domain, and to increase the benefits that health care provides." Under this Concept (also known as human health care (hhc) Concept), we aim to effectively achieve social good in the form of relieving anxiety over health and reducing health disparities. With a global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to create and deliver innovative products to target diseases with high unmet medical needs, with a particular focus in our strategic areas of Neurology and Oncology. In addition, we demonstrate our commitment to the elimination of neglected tropical diseases (NTDs), which is a target (3.3) of the United Nations Sustainable Development Goals (SDGs), by working on various activities together with global partners. For more information about Eisai, please visit www.eisai.com (for global headquarters: Eisai Co., Ltd.), and connect with us on X, LinkedIn and Facebook. About Biogen Founded in 1978, Biogen is a leading biotechnology company that pioneers innovative science to deliver new medicines to transform patients’ lives and to create value for shareholders and our communities. We apply deep understanding of human biology and leverage different modalities to advance first-in-class treatments or therapies that deliver superior outcomes. Our approach is to take bold risks, balanced with return on investment to deliver long-term growth. The company routinely posts information that may be important to investors on its website at www.biogen.com. Follow Biogen on social media – Facebook, LinkedIn, X, YouTube. Biogen Safe Harbor This news release contains forward-looking statements, about the potential clinical effects of lecanemab; the potential benefits, safety and efficacy of lecanemab; potential regulatory discussions, submissions and approvals and the timing thereof; the treatment of Alzheimer's disease; the anticipated benefits and potential of Biogen's collaboration arrangements with Eisai; the potential of Biogen's commercial business and pipeline programs, including lecanemab; and risks and uncertainties associated with drug development and commercialization. These statements may be identified by words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "possible," "potential," "will," "would" and other words and terms of similar meaning. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. Results in early-stage clinical studies may not be indicative of full results or results from later stage or larger scale clinical studies and do not ensure regulatory approval. You should not place undue reliance on these statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including without limitation unexpected concerns that may arise from additional data, analysis or results obtained during clinical studies; the occurrence of adverse safety events; risks of unexpected costs or delays; the risk of other unexpected hurdles; regulatory submissions may take longer or be more difficult to complete than expected; regulatory authorities may require additional information or further studies, or may fail or refuse to approve or may delay approval of Biogen's drug candidates, including lecanemab; actual timing and content of submissions to and decisions made by the regulatory authorities regarding lecanemab; uncertainty of success in the development and potential commercialization of lecanemab; failure to protect and enforce Biogen's data, intellectual property and other proprietary rights and uncertainties relating to intellectual property claims and challenges; product liability claims; and third party collaboration risks, results of operations and financial condition. The foregoing sets forth many, but not all, of the factors that could cause actual results to differ from Biogen's expectations in any forward-looking statement. Investors should consider this cautionary statement as well as the risk factors identified in Biogen's most recent annual or quarterly report and in other reports Biogen has filed with the U.S. Securities and Exchange Commission. These statements speak only as of the date of this news release. Biogen does not undertake any obligation to publicly update any forward-looking statements. References (1) Korean dementia observatory 2022: National Institute of Dementia (Korean) (2) Korean dementia observatory 2021: National Institute of Dementia (Korean) (3) Amin L, Harris DA. Aβ receptors specifically recognize molecular features displayed by fibril ends and neurotoxic oligomers. Nat Commun. 2021;12:3451. doi:10.1038/s41467-021-23507-z (4) Ono K, Tsuji M. Protofibrils of Amyloid-β are Important Targets of a Disease-Modifying Approach for Alzheimer's Disease. Int J Mol Sci. 2020;21(3):952. doi: 10.3390/ijms21030952. PMID: 32023927; PMCID: PMC7037706.MEDIA CONTACTSEisai Co., Ltd.Public Relations DepartmentTEL: +81 (0)3-3817-5120Eisai Inc. (U.S.)Julie Edelman+1 201-753-1945INVESTOR CONTACTSEisai Co., Ltd.Investor Relations Department TEL: +81 (0)70-8688-9685Biogen Inc.Jack Cox+1 781-464-3260public.affairs@biogen.com Biogen Inc.Stephen Amato+1 781-464-2442IR@biogen.com Copyright 2024 JCN Newswire via SeaPRwire.com.
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Hitachi High-Tech Launches DCR Etch System 9060 Series, Supporting Isotropic Etching of Advanced 3D Devices at the Atomic Level JCN Newswire

Hitachi High-Tech Launches DCR Etch System 9060 Series, Supporting Isotropic Etching of Advanced 3D Devices at the Atomic Level

November 29, 2024
TOKYO, Nov 28, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi High-Tech Corporation ("Hitachi High-Tech") announced today the launch of its DCR(1) Etch System 9060Series. This system, which leverages Hitachi High-Tech's plasma etching(2) technology and expertise, has been developed to achieve precise control over the horizontal (isotropic) etching process in dry environments, aimed at applications such as the high-aspect(3) three-dimensional structures used in advanced semiconductor devices.With the 9060 Series, Hitachi High-Tech will support manufacturing process advancements for cutting-edge semiconductor devices, which are becoming increasingly minute and more complex, and will help customers toovercome the challenges they face, from R&D through to mass production.Product Development BackgroundSemiconductor devices have become increasingly miniaturized over the past half century and beyond, with the processing dimensions of integrated circuits now at nanometric levels. This, in turn, necessitates controllability over the etching process at the atomic-layer (angstrom) level. In addition, the likes of 3D-NAND(4) and 3D-DRAM*5structures are used for semiconductor memory devices to improve density by making the elemental structure three- dimensional. As a result, the dry etching process used to manufacture semiconductor memory devices requires isotropic (horizontal, even) etching, which is precisely controlled at the atomic-layer level, in addition to conventional anisotropic (vertical) etching.The 9060 Series maintains the low-damage, high-precision plasma etching technology cultivated by Hitachi High-Tech over many years while achieving isotropic etching at the atomic-layer level, thereby helping our customers whomanufacture advanced semiconductors with highly integrated three-dimensional structures by shortening development periods, reducing costs, and improving productivity.Key Features1. Achieves high throughput processing and low equipment footprint*6Typically, when performing isotropic etching in dry environments, it is necessary to alternate between low temperatures for adsorption of radicals*7 and high temperatures for thermal desorption, which means time is requiredfor heating and cooling. To resolve this problem, the 9060 Series incorporates a unique wafer-cooling mechanism andinfrared lamp within a single vacuum reactor, enabling the temperature of the wafer being etched to quickly alternate between low and high temperatures. This enables high-throughput isotropic etching of various materials and lowers the footprint of the equipment.2. Achieves high-precision isotropic processingIn addition to isotropic processing through heating and cooling via the wafer-cooling mechanism and infrared lamp, the system also utilizes plasma etching technology—one of Hitachi High-Tech's strengths—to achieve isotropic processing with high surface reaction speed and highly precise control. This makes it possible to control the shape of the openings and bottom of the wafer pattern at the atomic level, which is essential to fabricate detailed three-dimensional structures.With the 9060 Series as well as our other high-performance etch systems and technology, Hitachi High-Tech iscontinuing to respond to our customers' various manufacturing needs for the development and mass production of semiconductor devices.We will continue to provide innovative and digitally enhanced solutions to our products for the upcoming technology challenges, and create new value together with our customers, as well as contributing to cutting-edge manufacturing.(1) DCR (dry chemical removal): A method used to advance both vertical and horizontal etching by utilizing chemical reactions in a dry environment.(2) Plasma etching: A technique used to fabricate detailed patterns using ions and chemical reactions by separating gases in a vacuum chamber.(3) High-aspect: Generally, refers to the aspect ratio of a rectangle. Here, it refers to the ratio of depth to width (depth/width) of patterns to be etched on wafers. A high aspect means this ratio is a high value, which makes it very difficult to manufacture and measure.(4) 3D-NAND structure: A type of non-volatile flash memory. Refers to a NAND flash memory in which memory cells are arranged vertically as well as horizontally to increase storage density.(5) 3D-DRAM structure: A type of volatile memory. A structure in which bits are stored vertically to achieve high density.(6) Footprint: The amount of space taken up by a piece of equipment.(7) Radical: An atom or molecule with unpaired electrons. Characterized by high reactivity.About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, radiation therapy systems, semiconductor manufacturing equipment, analytical instruments, and analysis equipment. Also, we provide high value-added solutions in industrial fields such as mobility, connected, environment and energy, etc. Through business based on our core Observation, Measurement and Analysis technologies, we will contribute to the realization of a sustainable society by solving social issues.The company's consolidated revenues for FY2023 were approx. JPY 670.4 billion. For further information, visithttps://www.hitachi-hightech.com/global/en/ContactKazuki HigashiyamaProcess Marketing & Planning Dept., Semiconductor ManufacturingSystems Div., Nano-Technology Solution Business Group, Hitachi High-Tech CorporationE-mail: kazuki.higashiyama.wt@hitachi-hightech.com Copyright 2024 JCN Newswire via SeaPRwire.com.
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Putin Pertimbangkan Serangan Kyiv dengan Peluru Berpandu Hipersonik Baharu yang Didakwa Mampu Mencapai Pantai Barat AS Berita

Putin Pertimbangkan Serangan Kyiv dengan Peluru Berpandu Hipersonik Baharu yang Didakwa Mampu Mencapai Pantai Barat AS

November 28, 2024
(SeaPRwire) - Berikutan serangan peluru berpandu dan dron semalaman oleh Rusia yang menyasarkan infrastruktur tenaga utama Ukraine, kini dikatakan bahawa bangunan kerajaan di Kyiv mungkin menjadi sasaran seterusnya menggunakan peluru berpandu hipersonik baharu yang berpotensi juga mencapai Pantai Barat AS.Serangan Rusia setakat ini belum menyerang "pusat pengambilan keputusan" di ibu negara Ukraine kerana Kyiv dikawal ketat oleh pertahanan udara. Tetapi Putin berkata peluru berpandu hipersonik Rusia, Oreshnik, yang dilancarkan buat pertama kalinya ke sebuah bandar Ukraine minggu lalu, tidak dapat dicegat.Rusia melancarkan Oreshnik ke bandar Ukraine, Dnipro pada 21 November, menyerang sebuah kilang pengeluaran senjata. Ini sebagai tindak balas terhadap serangan Ukraine ke atas kemudahan tentera Rusia di Bryansk dua hari sebelumnya dengan peluru berpandu jarak jauh buatan AS yang dipanggil ATACMS, selepas telah memberikan kebenaran kepada Presiden Ukraine Volodymyr Zelenskyy untuk berbuat demikian.Rusia menyatakan Ukraine melancarkan lebih banyak ATACMS ke wilayah Kursk pada 23 dan 25 November."Sudah tentu, kita akan bertindak balas terhadap serangan berterusan ke atas wilayah Rusia dengan peluru berpandu jarak jauh buatan Barat, seperti yang telah dinyatakan, termasuk dengan kemungkinan meneruskan ujian Oreshnik dalam keadaan peperangan, seperti yang dilakukan pada 21 November," kata Putin dalam satu mesyuarat pakatan keselamatan negara-negara bekas Soviet di Kazakhstan."Pada masa ini, Kementerian Pertahanan dan Staf Am sedang memilih sasaran untuk diserang di wilayah Ukraine. Ini boleh menjadi kemudahan tentera, perusahaan pertahanan dan industri, atau pusat pengambilan keputusan di Kyiv," katanya.Alatan peluru berpandu Oreshnik – sensor, elektronik, keupayaan pemerolehan data – adalah sama seperti Rubezh, peluru berpandu balistik jarak sederhana (IRBM) berbahan api pepejal Rusia. Dengan keupayaan penerbangan antara 310 batu dan 3,100 batu – hanya 310 batu di bawah had bawah standard ICBM – Oreshnik boleh menyasarkan sebahagian besar Eropah dan Pantai Barat Amerika Syarikat. Selepas pelancaran, peluru berpandu sebegini mungkin boleh sampai ke Britain dalam masa 20 minit dan Poland dalam masa 12 minit.Oreshnik boleh dilengkapi dengan kepala peledak bukan nuklear atau nuklear. Dan ia hampir mustahil untuk dicegat oleh sistem pertahanan peluru berpandu sedia ada kerana ia direka untuk terbang pada kelajuan hipersonik, mencapai Mach 11.Putin berkata pengeluaran sistem peluru berpandu canggih Rusia melebihi pakatan tentera NATO sebanyak 10 kali ganda, dan Moscow merancang untuk meningkatkan pengeluaran selanjutnya.Rancangannya untuk meningkatkan pengeluaran dan serangan berterusan bermakna konflik – yang telah pun berlangsung selama lebih 1,000 hari – tidak menunjukkan tanda-tanda reda.Rusia melancarkan serangan udara dron dan peluru berpandu besar-besaran ke atas Ukraine pada hari Khamis yang menyasarkan infrastruktur tenaga utama negara itu, menyebabkan lebih daripada satu juta isi rumah kehilangan kuasa di barat, selatan dan tengah negara, kata pegawai Ukraine.Serangan itu melibatkan pelancaran hampir 200 peluru berpandu dan dron dengan letupan dilaporkan di Kyiv, Kharkiv, Rivne, Khmelnytskyi, Lutsk dan banyak bandar lain di tengah dan barat Ukraine.Operasi itu merupakan serangan udara utama kedua Rusia ke atas grid kuasa Ukraine dalam tempoh kurang daripada dua minggu, dengan Presiden Vladimir Putin berkata pada hari Khamis bahawa serangan itu adalah tindak balas terhadap serangan Kyiv ke atas wilayah Rusia menggunakan peluru berpandu Amerika jarak jauh.Serangan itu telah menimbulkan kebimbangan di Ukraine bahawa Rusia sedang berusaha untuk melumpuhkannya sebelum musim sejuk tiba dan menurunkan semangat rakyat Ukraine tentang hasil perang.Zelenskyy berkata serangan itu adalah "eskalsasi keji" dan peluru berpandu jelajah Kalibr dengan peluru berkelompok digunakan untuk sengaja menyasarkan infrastruktur awam."Penggunaan unsur-unsur kelompok ini sangat merumitkan kerja penyelamat dan jurutera kuasa kita dalam mengurangkan kerosakan, menandakan satu lagi peningkatan keji dalam taktik pengganas Rusia," tulis Zelenskyy di X.Beliau menggesa negara-negara Barat untuk menyampaikan senjata pertahanan udara yang dijanjikan. Pegawai Ukraine sebelum ini mengadu bahawa bantuan ketenteraan lambat sampai.Serangan itu berlaku beberapa jam selepas Presiden terpilih Trump mencalonkan Leftenan Jeneral Keith Kellogg untuk jawatan baharu yang berpotensi memberi tumpuan kepada . Trump telah mencipta jawatan utusan khas untuk konflik Ukraine,Tiga sumber yang biasa memberitahu Reuters bahawa Kellogg telah membentangkan Trump dengan satu pelan untuk menamatkan konflik, dan pada bulan April turut menulis satu dokumen penyelidikan yang mengemukakan idea menggunakan senjata yang dibekalkan kepada Ukraine sebagai pengaruh untuk rundingan gencatan senjata dengan Rusia.Rebekah Koffler, The Associated Press dan Reuters menyumbang kepada laporan ini.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Pendaki Tanpa Sengaja Menemui Jejak Kaki Berusia 280 Juta Tahun di Itali “` Berita

Pendaki Tanpa Sengaja Menemui Jejak Kaki Berusia 280 Juta Tahun di Itali “`

November 28, 2024
(SeaPRwire) - Satu hari kenaikan kaki telah bertukar menjadi hari penemuan arkeologi untuk pasangan yang menemui tapak kaki prasejarah yang berusia berjuta-juta tahun.Claudia Steffensen sedang mendaki bersama suaminya di Alps Itali pada musim panas lalu apabila dia melihat apa yang disifatkannya sebagai "rekaan yang aneh" pada sebuah batu."Ia adalah hari yang sangat panas pada musim panas lalu dan kami ingin lari daripada kepanasan, jadi kami pergi ke pergunungan," kata Steffensen kepada Guardian. "Dalam perjalanan pulang, kami terpaksa berjalan dengan sangat berhati-hati di sepanjang laluan. Suami saya berada di hadapan saya, memandang terus ke hadapan, manakala saya memandang ke arah kaki saya. Saya meletakkan kaki saya di atas batu, yang membuatkan saya hairan kerana ia kelihatan lebih seperti sekeping simen. Kemudian saya perasan rekaan bulat yang aneh dengan garisan beralun. Saya melihat lebih dekat dan menyedari ia adalah tapak kaki."Setelah dia mengenal pasti tanda-tanda tersebut sebagai tapak kaki, penemuan itu telah dihantar dan dikaji lanjut oleh beberapa pakar.Langkah pertama yang diambil Steffensen selepas menemui tapak kaki itu ialah menghantar gambar kepada rakan jurugambar yang pakar dalam dunia semula jadi.Jurugambar itu kemudian menghubungi seorang ahli paleontologi di Muzium Sejarah Semula Jadi di Milan bernama Cristiano Dal Sasso, menurut Guardian, yang berunding dengan pakar lain dalam bidang ini.Tapak kaki yang dijumpai oleh Steffensen, yang muncul kepadanya akibat salji dan ais yang mencair, dikenal pasti oleh pakar sebagai milik reptilia prasejarah.Pakar telah membuat banyak lawatan ke kawasan itu sejak tapak kaki asal dijumpai. Penerokaan lanjut telah membawa kepada penemuan beratus-ratus lagi amfibia dan serangga yang telah menjadi fosil. Fosil tumbuhan, biji benih dan jejak hujan juga telah dijumpai di kawasan itu, menurut Guardian.Tapak kaki yang telah menjadi fosil itu berasal dari zaman Permian, menurut Smithsonian Magazine. Tempoh masa itu berlaku antara 251 dan 299 juta tahun dahulu, iaitu sebelum zaman dinosaur.Tempoh masa itu berakhir dengan "kejadian kepupusan terburuk dalam sejarah planet ini," menurut National Geographic, dengan 90% spesies marin dan 70% haiwan darat pupus."Dinosaur belum wujud lagi, tetapi pengarang tapak kaki terbesar itu masih mesti mempunyai saiz yang agak besar – sehingga 2-3 meter panjang," kata Dal Sasso dalam satu kenyataan, menurut Guardian.Steffensen menyatakan rasa syukur kerana menjadi sebahagian daripada penemuan yang kini dikenali sebagai "Batu Sifar"."Saya berasa sangat bangga, terutamanya kerana dapat memberi sumbangan kecil kepada sains," kata Steffensen kepada Guardian.Penyelidikan berterusan di tapak tersebut, dengan beberapa tinggalan dibawa ke di Milan untuk dipamerkan.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Pentadbiran Biden gesa Ukraine turunkan had umur kerahan tentera kepada 18 tahun “` Berita

Pentadbiran Biden gesa Ukraine turunkan had umur kerahan tentera kepada 18 tahun “`

November 28, 2024
(SeaPRwire) - Pentadbiran Presiden Biden menggesa Ukraine untuk menurunkan had umur kerahan tentera kepada 18 tahun untuk mengejar ketumbukan tentera Rusia yang semakin meningkat, hampir tiga tahun selepas pencerobohan besar-besaran Rusia.Seorang pegawai kanan memberitahu The Associated Press pada hari Rabu bahawa "kiraan semata-mata" keadaan Ukraine memerlukan penurunan had umur kerahan tentera daripada umur semasa 25 tahun untuk mengembangkan pasukan perangnya yang kurang ramai.Pegawai tersebut, yang bercakap dengan syarat tanpa nama, berkata Ukraine gagal mengerahkan dan melatih tentera yang mencukupi untuk menggantikan kehilangan di medan perang dan mengejar pasukan Rusia yang semakin berkembang.Pada bulan April, Presiden Ukraine Volodymyr Zelenskyy telah menandatangani undang-undang yang menurunkan had umur kerahan tentera daripada 27 kepada 25 tahun untuk menambah semula bilangan askarnya yang berkurangan.Bagaimanapun, penurunan had umur kerahan tentera minimum telah menimbulkan kebimbangan di kalangan rakyat Ukraine bahawa pengambilan lebih ramai golongan dewasa muda daripada tenaga kerja boleh merosakkan lagi ekonomi mereka yang sudah pun terjejas. Sesetengah pegawai Ukraine melihat desakan daripada Amerika Syarikat sebagai sebahagian daripada usaha Barat untuk mengalih perhatian daripada kelewatan mereka sendiri dalam menyediakan senjata dan peralatan lain.Walaupun lebih daripada 1 juta rakyat Ukraine kini bertugas, termasuk Pengawal Kebangsaan dan unit lain, pegawai Ukraine berkata mereka memerlukan kira-kira 160,000 anggota tentera tambahan untuk mengejar di medan perang.Tetapi pentadbiran Biden percaya mereka mungkin memerlukan lebih ramai lagi, dengan menyatakan bahawa mengatasi kekurangan tenaga kerja Ukraine jauh mengatasi keperluan untuk Jurucakap Majlis Keselamatan Negara Sean Savett dalam satu kenyataan berkata pentadbiran akan terus menghantar senjata kepada Ukraine tetapi percaya "tenaga kerja adalah keperluan paling penting" untuk Ukraine."Oleh itu, kami juga bersedia untuk meningkatkan kapasiti latihan kami jika mereka mengambil langkah-langkah yang sewajarnya untuk melengkapkan barisan mereka," kata Savett.White House telah memberikan lebih daripada $56 bilion bantuan keselamatan kepada Ukraine sejak permulaan dan menjangkakan akan menghantar berbilion lagi kepada Kyiv sebelum Biden meninggalkan jawatannya dalam tempoh kurang daripada dua bulan. telah menyatakan bahawa beliau akan membawa kepada penghujung perang dengan cepat apabila beliau memegang jawatan pada 20 Januari 2025, walaupun ada yang bimbang bahawa beliau mungkin tidak akan terus memberikan sokongan ketenteraan kepada Ukraine.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Amerika Syarikat kenakan sekatan ke atas 21 lagi sekutu Maduro yang dituduh melakukan penindasan pasca pilihan raya di Venezuela Berita

Amerika Syarikat kenakan sekatan ke atas 21 lagi sekutu Maduro yang dituduh melakukan penindasan pasca pilihan raya di Venezuela

November 28, 2024
(SeaPRwire) - Amerika Syarikat telah mengenakan sekatan ke atas 21 lagi sekutu Presiden Nicolás Maduro, menuduh mereka pada hari Rabu melakukan sebahagian daripada tindakan represi yang dilakukan oleh pegawai-pegawai di Venezuela sebagai tindak balas kepada pilihan raya pada bulan Julai.Pegawai-pegawai keselamatan dan peringkat kabinet yang dikenakan sekatan oleh Jabatan Perbendaharaan termasuk ketua agensi pembetulan negara, pengarah perkhidmatan perisikan dan menteri Pejabat Presiden Maduro. Mereka menyertai senarai berpuluh-puluh rakyat Venezuela yang dikenakan sekatan yang termasuk ketua mahkamah tinggi negara, menteri dan pendakwa raya.Pentadbiran Biden minggu lalu mengiktiraf calon pembangkang Venezuela, Edmundo González sebagai "presiden terpilih" negara itu. Amerika Syarikat juga pada hari Rabu mengenakan sekatan visa ke atas individu tambahan yang dituduh melakukan selepas pilihan raya 28 Julai.Walaupun , beliau dan kerajaan beliau enggan menunjukkan kiraan undi yang menyokong dakwaannya.González meninggalkan Venezuela pada bulan September untuk hidup dalam buangan di Sepanyol selepas waran dikeluarkan untuk penangkapannya berhubung dengan siasatan ke atas penerbitan kiraan undi. Bekas diplomat itu, yang mewakili parti-parti pembangkang utama, mendakwa telah memenangi pilihan raya presiden dengan majoriti besar.Pada bulan September, kerajaan Amerika Syarikat mengenakan sekatan terhadap 16 sekutu Maduro, menuduh mereka menghalang pengundian dan melakukan pencabulan hak asasi manusia.Kesan sekatan individu dan sekatan visa yang diumumkan pada hari Rabu adalah tidak jelas. Loyalis Maduro yang sebelum ini dihukum masih memegang kuasa dalam kerajaan Venezuela.Ahli-ahli undang-undang Venezuela pada hari Selasa meneruskan perbahasan mengenai rang undang-undang yang akan menyenaraikan sekatan ekonomi sebagai jenayah terhadap kemanusiaan dan membenarkan pendakwaan sesiapa sahaja yang menyatakan sokongan terhadap langkah-langkah tersebut.Artikel ini disediakan oleh pembekal kandungan pihak ketiga. SeaPRwire (https://www.seaprwire.com/) tidak memberi sebarang waranti atau perwakilan berkaitan dengannya. Sektor: Top Story, Berita Harian SeaPRwire menyampaikan edaran siaran akhbar secara masa nyata untuk syarikat dan institusi, mencapai lebih daripada 6,500 kedai media, 86,000 penyunting dan wartawan, dan 3.5 juta desktop profesional di seluruh 90 negara. SeaPRwire menyokong pengedaran siaran akhbar dalam bahasa Inggeris, Korea, Jepun, Arab, Cina Ringkas, Cina Tradisional, Vietnam, Thai, Indonesia, Melayu, Jerman, Rusia, Perancis, Sepanyol, Portugis dan bahasa-bahasa lain.
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Trescon’s World Blockchain Summit Rebrands to HODL, Signalling a Bold New Era for Innovations in Blockchain and Beyond ACN Newswire

Trescon’s World Blockchain Summit Rebrands to HODL, Signalling a Bold New Era for Innovations in Blockchain and Beyond

November 28, 2024
DUBAI, UAE, Nov 28, 2024 - (ACN Newswire via SeaPRwire.com) - Since its inception in 2017, the World Blockchain Summit (WBS) has grown into the world’s longest-running and most prestigious blockchain and Web3 event series, hosting 29 successful editions across 16 countries. Over the years, WBS has established itself as a key platform that unites global innovators, investors, and policymakers to shape the future of decentralised technology. Today, Trescon proudly announces the evolution of this iconic event with a bold rebranding to HODL, a name that embodies resilience, progress, and the limitless potential of blockchain and Web3 ecosystems.HODL will make its highly anticipated debut at the 30th global edition of the summit in Dubai, UAE, on April 28-29, 2025. This rebranding marks a significant shift toward positioning the event as a premier platform for serious business, innovation, and deal-making in the blockchain space.Why the RebrandThe transition from WBS to HODL reflects the evolution of the event from a conference series to a strategic platform driving real business outcomes. HODL now embraces not only blockchain but also the broader horizons of innovation and collaboration within Web3, crypto, and emerging decentralised systems. The focus is on creating meaningful connections between ground-breaking blockchain projects, pre-qualified investors, enterprise leaders, and government regulators. This shift reflects a commitment to facilitating collaborations that will shape the future of the blockchain industry.What to Expect at HODL 2025 in DubaiTrailblazing Thought Leaders: Hear from top blockchain innovators, industry pioneers, and government representatives shaping the future of blockchain and decentralised ecosystems.Deal-Making Opportunities: Engage with pre-qualified investors actively seeking the next big blockchain projects.Enterprise & Government Collaborations: Dive into discussions on regulatory frameworks, public-private partnerships, and enterprise adoption strategies for blockchain.Cutting-Edge Innovations: Witness live showcases of groundbreaking blockchain use cases, crypto solutions, and Web3 technologies from around the world.Dubai, known for its progressive blockchain policies and visionary leadership, is the perfect launchpad for the HODL brand. With Dubai’s commitment to becoming a global hub for blockchain and Web3 innovation, HODL is poised to make an unprecedented impact on the world of blockchain.QuotesMohammed Saleem, Founder and Chairman, Trescon, commented:“The rebranding of World Blockchain Summit to HODL marks a pivotal moment in our journey as we move beyond simply hosting events to becoming a true enabler of blockchain and Web3 innovation. With HODL, we aim to create a future-focused, results-driven platform that empowers projects, investors, and governments to collaborate meaningfully and shape the next era of decentralized technology.”Anil Kumar, COO, Trescon, added:“HODL isn’t just a rebrand—it’s a redefinition of what a blockchain event should be. It is a testament to our vision of facilitating real outcomes through deal-making, partnerships, and showcasing transformative blockchain solutions to the world. Dubai, with its ambitious blockchain agenda, is the perfect stage for this transition.”The Legacy of WBSFor nearly a decade, the World Blockchain Summit has led the way in blockchain adoption, creating a legacy as the longest-running Web3 event. The rebrand to HODL builds on this legacy, signalling a more strategic, business-centric approach to blockchain’s integration into industries and society.Join Us at HODL 2025 in DubaiMark your calendars for April 28-29, 2025, and join us in Dubai for HODL – The Vanguard of Blockchain and Beyond, where innovation meets opportunity.For more details and early registrations, visit: hodlsummit.com/dubai2025.About HODLHODL is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally. It is the world's longest-running blockchain, crypto, and web 3-focused summit series. Since its inception in 2017, it has hosted more than 20 editions in 11 countries and strives to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging start-ups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.About TresconTrescon is a global leader in business events, focusing on the adoption of emerging technologies and sustainable solutions. With a portfolio of industry-leading events, including HODL (formerly WBS), Trescon is dedicated to creating platforms that foster innovation, collaboration, and economic growth.Media Contact:Shadi DawiSenior DirectorPR, Comms., and Partnerships, Global & MEAE: shadi@tresconglobal.com | M: +971 55 498 4989 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Survey: New Opportunities in Cross-border E-commerce ACN Newswire

Survey: New Opportunities in Cross-border E-commerce

November 28, 2024
HONG KONG, Nov 27, 2024 - (ACN Newswire via SeaPRwire.com) - The Hong Kong Export Credit Insurance Corporation (HKECIC) and Hong Kong Trade Development Council (HKTDC) jointly released a research study today, titled "Unleashing the Lucrative Potential of Cross-border E-commerce for Hong Kong Traders". The study revealed that 90% of surveyed companies anticipated that cross-border e-commerce could drive significant sales growth in the business in the next two years. However, the market-related challenges continue to persist, including intense market competition, complex customs clearance procedures and the management of returns and refunds. In light of these challenges, experts recommend developing appropriate online marketing and sales strategies, enhancing risk management and adopting efficient logistics and delivery practices to better seize the opportunities presented by cross-border e-commerce.Mr Terence Chiu, Commissioner of HKECIC, said, “The joint research study of the HKECIC and the HKTDC helps the industry in gaining deeper understanding of the latest development in expanding cross-border e-commerce, as well as outlining the challenges faced by businesses and the support they needed. While cross-border e-commerce has seen a significant growth in recent years, the study highlighted that the market remains highly competitive, and the ecosystem and related infrastructure still require further improvement. In addition, many e-commerce businesses have limited assets and insufficient collateral to secure financing from traditional banks and financial institutions, reflecting the ongoing challenges in the e-commerce environment. This year, the HKECIC has collaborated with a fintech and a reinsurance company, and also a bank to develop bespoke trade credit insurance solutions, aiming to provide coverage for trade loans to Hong Kong e-commerce businesses. These initiatives encourage and support local enterprises in securing trade financing and expanding into cross-border e-commerce. The HKECIC will actively seek collaboration with more financial institutions, in line with the 2024 Policy Address, to better support Hong Kong businesses in securing e-commerce export financing. By leveraging its expertise in trade credit insurance and risk management, the HKECIC is dedicated to assisting Hong Kong businesses in maintaining their competitive edge, helping them explore new overseas markets, mitigate trade risks and reduce operating costs.”Dr Patrick Lau, HKTDC Deputy Executive Director, said, “E-commerce has become a key driver of the global economy. The World Bank estimates that global B2C e-commerce sales will reach US$6 trillion by 2024, with Mainland China leading the way – over a quarter of retail consumer goods sales occur online. In collaboration with the HKECIC, the study aims to help Hong Kong businesses explore new markets and seize opportunities. The HKTDC will continue to support local companies in engaging with e-commerce and taking advantage of growth opportunities on the global stage.”From June to August 2024, the HKECIC and the HKTDC conducted phone and online interviews with 352 local trade and manufacturing companies to assess the development of Hong Kong companies’ cross-border e-commerce operations, while also detailing the challenges they face and identifying the support services they require.Driving significant sales growth in the next two yearsAs network technology has become more widespread, while electronic payment services are now ubiquitous and e-commerce platforms have come to offer an ever-expanding range of services, even new entrants and smaller businesses can easily develop cross-border e-commerce operations on a global basis. 90.0% of surveyed companies anticipated that cross-border e-commerce could raise their total sales revenue in the next two years.The surveyed companies in general indicated that cross-border e-commerce positively impacts their expansion plans whether via broader sales channels (69.0%), new market opportunities (50.3%), or enhanced brand awareness (48.9%).Reaching out to global markets: Focusing on the Mainland and ASEANHKTDC Principal Economist Wing Chu, who led the study, said, “The scope of cross-border e-commerce business for Hong Kong companies spans all parts of the world, covering markets, such as Mainland China (75.2%), ASEAN (53.0%), the US (42.2%), Japan (30.9%) and the EU (30.0%). Looking ahead, respondents generally agreed that, for the next two years, Mainland China (61.6%) and ASEAN (44.3%) offer the greatest growth potential. The surveyed companies generally hope to make use of risk management to meet market competitiveness and the challenges outlined, such as insurance for cargo transportation or payments (39.8%), e-commerce promotion (34.4%) and logistics services for both delivery and product returns (33.5%).”Coping with online and offline challengesCross-border e-commerce operators must confront a variety of practical issues relating to both online and offline procedures, including goods delivery, platform charges, exchange rates and refunds as well as market, regulation and financing issues.Of the companies surveyed, 38.4% said that customs clearance procedures in Mainland China and foreign markets are complex, with 31.3% indicating that product returns involve complicated procedures and / high costs, and 29.8% finding it difficult to manage practical issues, such as the international delivery of small orders.Regarding the issues of platform charges, exchange rates and refunds, the high commission rates charged by third-party e-commerce platforms and long payment periods were identified as challenges by 51.1% of respondents. Meanwhile, 46.6% said fluctuating exchange rates or high exchange costs were problems they faced during their cross-border e-commerce operations. 28.4% were concerned about the expansive costs about refund policy.In addition, companies must contend with a wide range of difficulties. Majority of the surveyed companies (84.9%) noted that developing cross-border e-commerce presented market-related challenges, such as keen market competition. Meanwhile, 54% indicated regulatory issues, and 41.2% encountered financial challenges.Leveraging Hong Kong's advantages to unlock global e-commerce opportunitiesIn addition to the questionnaire, HKTDC also interviewed a number of companies engaged in cross-border e-commerce or related businesses. According to expert’s opinion, though the mainland market is huge in scale, the competition is keen. Overseas opportunities abound, such as the advanced economies of Europe and America have mature online shopping markets and e-commerce markets in Southeast Asia.In addition, online sales strategies tailored to target markets are of prime importance, including the collaboration with KOL or influencers and using short-form videos to attract consumers.The study also highlighted Hong Kong's excellent logistics capabilities and extensive air cargo network as well as its well-developed financial markets and diverse financing services, which are well-suited to meeting the financial needs of e-commerce. Meanwhile, Hong Kong serves as an ideal gateway for foreign products entering Mainland China, with the Hong Kong brand enjoying a competitive edge in the region.Photo download: https://bit.ly/3Bb95BADr Patrick Lau, Deputy Executive Director, HKTDC (left) and Terence Chiu, Commissioner, HKECIC (right)Dr Patrick Lau, Deputy Executive Director, HKTDC (second left); Terence Chiu, Commissioner, HKECIC (second right); Wing Chu, Principal Economist, HKTDC (first left); and Cynthia Chin, General Manager, HKECIC (first right)References- HKTDC Research Portal https://research.hktdc.com/en- Unleashing the Lucrative Potential of Cross-border E-commerce for Hong Kong Traders https://research.hktdc.com/en/article/MTg1OTQ2Mzk3MwAbout HKECICThe HKECIC was established in 1966 under the Hong Kong Export Credit Insurance Corporation Ordinance (Chapter 1115). Through the provision of export credit insurance services, the HKECIC protects Hong Kong exporters who trade on credit terms with overseas buyers against non-payment risks and helps them conduct export business in a prudent manner. The HKSAR Government provides a guarantee of HK$80 billion for HKECIC’s contingent liability.About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesHKECICCorporate Communication DivisionTina NgTel: (852) 2732 9998Email: tina.ng@hkecic.comHKTDCCorporate Communication & Marketing DepartmentSharon HaTel: (852) 2584 4575Email:sharon.mt.ha@hktdc.orgYuan Tung Financial Relations LimitedLouise SongTel: (852) 3248 5691Email: lsong@yuantung.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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SCIB Reports 14.6% Revenue Growth to RM45.1 Million in Q1FY2025 ACN Newswire

SCIB Reports 14.6% Revenue Growth to RM45.1 Million in Q1FY2025

November 28, 2024
KUCHING, MALAYSIA, Nov 28, 2024 - (ACN Newswire via SeaPRwire.com) - Industrialised building systems specialist, Sarawak Consolidated Industries Berhad ("SCIB" or the "Company") is pleased to announce its unaudited financial results for the first quarter of the fiscal year 2025 (“Q1 FY2025”). The Company reported a revenue of RM45.1 million, marking a 14.6% year-on-year increase compared to RM39.4 million in Q1 FY2024. The growth in revenue is largely due to the increased recognition of construction works done from ongoing projects. Ku Chong Hong, Managing Director of SCIBAs for Q1FY2025, SCIB's Manufacturing division continues to play a pivotal role in the Company’s performance, contributing RM32.5 million to the total revenue, a 9.9% increase from RM29.6 million in Q1 FY2024. This growth was primarily driven by increased sales of foundation piles and Industrialised Building System (“IBS”) products, especially for major projects such as the Kuching Urban Transportation System (“KUTS”), the Sarawak Second Trunk Road (“STR”) and school projects in Sarawak.Profit Before Tax (“PBT”) for the manufacturing segment stood at RM3.8 million. Meanwhile, the Construction/Engineering, Procurement, Construction and Commissioning (“EPCC”) division reported revenue of RM12.6 million, an increase from RM9.8 million in the same quarter last year. However, the segment recorded a Loss Before Tax (“LBT”) of RM2.0 million due to unanticipated unrealised foreign exchange loss recognised. The division remains focused on delivering ongoing projects while exploring new opportunities for expansion.During the quarter, SCIB maintained its commitment to strengthening its financial foundation and broadening its project portfolio. Additionally, SCIB had recently acquired a 2.49-hectares land parcel at Bintulu Sibiu Road, Bintulu, for RM9.2 million, followed by another parcel of 7.3-hectares land in Jalan Bintulu-Sibu as part of its plan to collaborate with developers for residential housing projects that utilise SCIB’s high-quality products and industry expertise, while expanding SCIB’s products and services offering to serve the fundamental needs of the Sarawak market.Mr. Ku Chong Hong, Managing Director of SCIB, commented, “The results of Q1 FY2025 reflect the challenges of a dynamic economic environment. However, we remain steadfast in our commitment to strengthening the financial foundation of the Company. Besides targeting to secure projects consistently, the recent securing of financial facilities from SME Bank and the proposed private placement of 10.0% of SCIB’s total issued shares underscore our focus on enhancing our cash position and ensuring financial stability to support our operational and strategic initiatives."Looking ahead, SCIB remains optimistic about Malaysia’s construction sector, bolstered by the record allocation in Budget 2025 of RM421 billion, including RM86 billion for development expenditure. The RM5.9 billion allocated for Sarawak, aimed at upgrading public infrastructure such as schools, healthcare centres, and airports, as well as large-scale projects like the Sabah-Sarawak Link Road (“SSLR”) and the North Coastal Highway, aligns seamlessly with SCIB’s expertise and strategic direction. The Company is poised to leverage its manufacturing capabilities and strategic initiatives to secure a strong foothold in both local and regional markets, ensuring sustainable growth and long-term value for its stakeholders.ABOUT SARAWAK CONSOLIDATED INDUSTRIES BERHADSarawak Consolidated Industries Berhad (“SCIB”) was founded in 1975 and has evolved from a small enterprise into a reputable Group of companies listed on the Main Market of Bursa Malaysia Securities Berhad. Currently, SCIB is operating three factories in Kuching, Sarawak, one factory in the Pending Industrial Estate and two factories in the Demak Laut industrial park.SCIB is well known for professional management and has long history of innovative ideas and technological advances. Coupled with its wealth of experience and research acquired in more than three decades, SCIB offers its clients in-depth expertise through a combination of technology, efficiency and speed.For more information, visit scib.com.my.Issued By: Swan Consultancy Sdn. Bhd. on behalf of Sarawak Consolidated Industries BerhadFor more information, please contact:Jazzmin WanEmail: j.wan@swanconsultancy.bizStephanie ChowEmail: s.chow@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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Academic Labs (AAX) Selected as the Official Educational Sponsor for the 2024 World Chess Championship in Singapore SeaPRwire

Academic Labs (AAX) Selected as the Official Educational Sponsor for the 2024 World Chess Championship in Singapore

November 28, 2024
SINGAPORE – November 28, 2024 – (SeaPRwire) – Academic Labs (AAX), the trailblazing EduFi ecosystem built on the Solana blockchain, proudly announces its sponsorship of the 2024 World Chess Championship, taking place in Singapore from November 25 to December 13. As one of the main sponsors alongside Google, AAX celebrates this landmark event that sees global tech giants supporting the prestigious chess tournament for the first time in its history. The 2024 World Chess Championship: Ding Liren vs. Gukesh Dommaraju This year’s championship showcases a gripping battle between the reigning Chinese world champion Ding Liren and the 18-year-old Indian prodigy Gukesh Dommaraju. Ding, hailing from Wenzhou, China, has dominated the Chinese chess scene from 2009 to 2016 and claimed the world champion title in 2023 by defeating Ian Nepomniachtchi. Gukesh, on the other hand, is the youngest-ever Candidates Tournament winner and aims to make history as the youngest classical world champion, potentially surpassing the legendary Garry Kasparov’s record. The championship, held in Singapore, is expected to draw an audience of 200 million viewers across more than 80 countries, with an estimated 40 million viewing hours. The event’s unprecedented global interest underscores chess’s enduring appeal and ongoing resurgence, unparalleled since the iconic 1972 World Championship. “As a project founded by born and bred Singaporeans, we are immensely proud to sponsor this landmark event taking place in our city,” said Kingston Kwek, Chief Visionary Officer of AAX. “Having a strong local sponsor creates an impactful ‘wow’ factor right here at home. It’s an honor to celebrate the beauty and global appeal of chess, which continues to inspire and challenge millions.” Chess: A Game of Global Reach and Technological Significance With over 500 million players worldwide, including 100 million on the online platform Chess.com, chess enjoys an immense global following. The 2024 championship, featuring a faceoff between champions from chess powerhouses China and India, is poised to attract massive viewership from these two nations – critical markets for AAX, given their vast populations. Moreover, chess has been pivotal in developing Artificial Intelligence (AI). The game’s perfect blend of well-defined rules and complex strategy makes it an ideal testbed for AI algorithms before scaling up to real-world challenges. AI techniques originally designed for chess, such as the Minimax algorithm and Alpha-Beta pruning, have found extensive applications in robotics, game theory, and decision-making systems. Chess AI has advanced pattern recognition capabilities, with implications spanning computer vision and natural language processing. To date, chess remains a crucial benchmark for evaluating state-of-the-art AI models. Academic Labs: Pioneering EduFi on Solana, Bolstered by Recent Milestones Academic Labs (AAX) stands at the forefront of the EduFi revolution as the first ecosystem of its kind on the Solana blockchain. By harnessing Web3 technology, AAX aims to democratize education, making it more engaging, accessible, and community-driven. The project has recently achieved significant milestones, boasting over 100,000 registered users, a 250,000-strong community, and 5,000 Daily Active Users. The sponsorship of the 2024 World Chess Championship is set to significantly impact Academic Labs’ future growth and development. By aligning itself with one of the most prestigious events in the chess world, AAX is positioning itself as a key player in the intersection of education, technology, and strategic thinking. The global exposure gained through this sponsorship will help AAX reach a wider audience, attracting chess enthusiasts and learners from around the world to its platform. As the championship unfolds, AAX will have the opportunity to showcase its innovative approach to education, demonstrating how its EduFi ecosystem can enhance the learning experience and foster community engagement. Moreover, the association with a high-profile event like the World Chess Championship will boost AAX’s credibility and reputation within the education and technology sectors. This increased visibility and trust will help AAX to forge new partnerships, attract top talent, and secure further investments to support its growth and expansion. In the long term, the exposure and connections gained through the World Chess Championship sponsorship will serve as a catalyst for AAX’s growth, helping it to establish itself as a leader in the EduFi space. As more people discover the benefits of decentralized education and the power of Web3 technology, AAX will be well-positioned to capitalize on this growing trend and drive the adoption of its platform on a global scale. About Academic Labs Academic Labs (AAX) is the pioneering EduFi ecosystem built on the high-performance Solana blockchain. AAX leverages Web3 technology to empower learners and educators, making education more accessible, engaging, and community-driven. With a strong focus on social and gamified learning experiences, AAX aims to revolutionize the way educational resources are shared and consumed, fostering growth and collaboration among its users. Social Links X: https://x.com/Acad_Labs Telegram Group: https://t.me/academic_labs Linktree: https://linktr.ee/academic_labs Discord: https://discord.gg/academic-labs Media Contact Brand: Academic Labs Contact: Media team Email: admin@acad.live Website: https://acad.live The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Sectors: Top Story, Corporate News SeaPRwire provides real time press release distribution for companies and organizations to 6,500+ media outlets & 3.5 million professional desktops in 90 regions. 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Hitachi Receives an Order for All 147 Elevators and Escalators for the Second Phase of the Taipei MRT Wanda-Zhonghe-Shulin Line JCN Newswire

Hitachi Receives an Order for All 147 Elevators and Escalators for the Second Phase of the Taipei MRT Wanda-Zhonghe-Shulin Line

November 28, 2024
TAIPEI, TAIWAN, Nov 28, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi, Ltd. (TSE: 6501; hereafter Hitachi), today announced that Hitachi Yungtay Elevator Co., Ltd., a Taiwan-based subsidiary of Hitachi engaged in the manufacturing, sales, installation, and maintenance of elevators and escalators, has received an order for all 147 elevators and escalators from Department of Rapid Transit Systems, Taipei City Government for the second phase of the Taipei Rapid Transit System (hereafter Taipei MRT*1) Wanda-Zhonghe-Shulin Line, which is scheduled to complete in 2031. This order is the largest-ever one for elevators and escalators for the Hitachi Group in Taiwan and also the largest-ever one thatHitachi Yungtay Elevator has received since it was established in 1966 as Yungtay Engineering Co., Ltd. (hereafterYungtay).Hitachi Yungtay Elevator will install 41 large-capacity machine-room-less elevators with load capacities of 1,600 kg and 2,000 kg, and 106 escalators at all 13 stations and one substation to be constructed in the second phase of theWanda-Zhonghe-Shulin Line. All elevators will be equipped with the earthquake emergency operation function*2 toensure safety and security for users.Koji Ide, Chairman of Hitachi Yungtay Elevator said “We are committed to a safety-first philosophy aiming to provide high quality products and services by adopting the meticulous management methods that Hitachi has developed in Japan. Hitachi Yungtay Elevator will continue to focus on large, high-grade projects providing safe and diverse services.”Outline of the Taipei Metro Wanda-Zhonghe-Shulin LineIn the Taipei metropolitan area, centered on Taipei City, the Taipei MRT and other railroads have developed rapidly inrecent years to meet the high population density and transportation demand, and many line expansion plans are under consideration. The Taipei MRT Wanda- Zhonghe-Shulin Line spans Taipei City, New Taipei City. The project consists of two phases. The first phase involves 9 stations with a total length of 9.5 km and the second phase involves 13 stations (2 underground and 11 elevated) with a total length of 13.3 km. The entire line is scheduled to be completed in 2031.Characteristics of the Elevators and Escalators OrderedHitachi Yungtay Elevator received an order for all elevators and escalators to be installed at all 13 stations and onesubstation to be constructed in the second phase of the Wanda-Zhonghe- Shulin Line.The earthquake that struck off the coast of eastern Taiwan on April 3, 2024, and the multiple aftershocks that followed have heightened interest in the safety of elevator users during earthquakes in Taiwan. All elevators to be delivered this time will be equipped with an earthquake emergency operation function, which is not mandatory in Taiwan. Theelevator car will stop at the nearest floor when it detects an earthquake of a certain strength or more, opening the cardoors to prevent users from being trapped. Escalators are also equipped with a function that smoothly stops the operation when an earthquake occurs.Hitachi’s Elevators and Escalators Business in TaiwanHitachi Yungtay Elevator is the largest elevator and escalator company in Taiwan, leading the Taiwanese elevator andescalator industry since its establishment as Yungtay in 1966. Hitachi formed a business alliance with Yungtay shortly after its establishment and invested in the company in 1968. After more than 50 years of continuous collaboration, it became a consolidated subsidiary in 2020*3 and a wholly owned subsidiary in 2022, changing its name to Hitachi Yungtay Elevator*4.Outline of Specifications of Elevators OrderedTypeRated SpeedCapacityUnitsPassenger elevator 60 m/min1,600 kg13 units2,000 kg1 unitDouble-sidedelevator*51,600 kg6 unitsObservationelevator1,600 kg21 units(1) MRT: Mass Rapid Transit(2) This function stops the elevator at the nearest floor and opens the door when it detects an earthquake of a certain strength or more.(3) News release dated October 15, 2020 titled Hitachi Acquired Additional Shares to Hold Majority of Shares of Yungtay, Elevator Company Based in Taiwan www.hitachi.com/New/cnews/month/2020/10/201015.html(4) News release dated April 21, 2022 titled Yungtay Becomes a Wholly Owned Subsidiary, to Be Renamed Hitachi Yungtay Elevator www.hitachi.com/New/cnews/month/2022/04/220421.html(5) A type of elevator in which the elevator car has two exits, and different exits are used depending on the floor on which the elevator stops.Outline of Specifications of Escalators OrderedRated SpeedRiseUnits30 m/min, 39 m/min (Speed switch function)Up to 6,000 mm57 units6,001-9,999 mm37 units10,000 mm or more12 unitsHitachi Yungtay Elevator Websitehttps://en.hitachi-yungtay.com.tw/Hitachi Elevators and Escalators Websitewww.hitachi.com/businesses/elevator/Hitachi Building Systems Brand Channelwww.youtube.com/channel/UCfOgxcLRk3NHm2WrqHeQ6MAAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railwaysystems, and “Connective Industries” – connecting products through digital technology to provide solutions in variousindustries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
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MHI Delivers Final Trainset of Automated Guideway Transit System “2020 Series” to Saitama New Urban Transit JCN Newswire

MHI Delivers Final Trainset of Automated Guideway Transit System “2020 Series” to Saitama New Urban Transit

November 28, 2024
TOKYO, Nov 28, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has completed the delivery of the final trainset of the "2020 Series" Automated Guideway Transit (AGT) system (Note1) for the "New Shuttle" transportation system operated by Saitama New Urban Transit Co., Ltd. in Saitama Prefecture. A total of six trainsets of the 2020 Series have entered service to date.From FY2015 to FY2020, MHI delivered the first five trainsets of the 2020 Series (six cars per trainset, for a total 30 cars) to replace the existing cars of "New Shuttle". In this sixth and final trainset, inspired by the concept of the 2020 Series, "Bringing brilliance along the railway line with seven jewels," MHI added Blue Sapphire and Chrysoberyl as line colors on the side of the car and on the roof, for a total of seven colors depicting the transport line's radiant future.In addition to superior design that won the Japan Institute of Design Promotion's Good Design Award in 2016 (Note2), MHI has also incorporated improvements such as the addition of wheelchair spaces, enhanced ventilation and heating capabilities to create an even more comfortable riding experience. Furthermore, MHI has made it easier to operate and maintain the carriages, reflecting the opinions of operators collected through the extensive AGT system deliveries in Japan and around the world. By delivering carriages that combine excellent design and environmental performance, MHI will contribute to improve the image of the line.Building on the successful completion of the 2020 Series AGT, MHI Group will continue to deliver AGT systems with excellent design, economic efficiency and capability to reduce CO2 emissions to transportation systems around the world. MHI Group aims to provide solutions to regional issues including economic development and improved transportation convenience, while contributing to the realization of a carbon-neutral society. In addition, as a trusted partner, MHI will continue to provide exceptional solutions combining intelligence and technology.About Saitama New Urban TransportationSaitama New Urban Transit Co., Ltd. is a third-sector enterprise backed primarily by Saitama Prefecture and East Japan Railway Company (JR East). The New Shuttle line was inaugurated in December 1983. It currently encompasses 13 stations (Omiya in Saitama City to Uchijuku in Ina Town) spanning some 13 kilometers. As a transport system linking these suburbs with hospitals, schools and businesses in central Tokyo, the New Shuttle is playing an ever more important role in the lives of local residents. An unusual feature of the New Shuttle line is its minimum turning radius of only 25 meters, enabling S-curve operation through intersections without affecting ambient buildings. The adoption of rubber tires enables low noise and vibration-for minimal impact on the surrounding environment.(1) For more details on the 2020 series AGT System, please refer to the following press www.mhi.com/news/190212.html(2) For details on the 2016 Good Design Award, please refer to the following press release. www.mhi.com/news/1609292012.htmlTags: transportation systemAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
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GMG’s THERMAL-XR(R) Awarded Product of the Year at the AIRAH 2024 Awards ACN Newswire

GMG’s THERMAL-XR(R) Awarded Product of the Year at the AIRAH 2024 Awards

November 28, 2024
Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - November 27, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that THERMAL-XR® has been awarded 'Product of the Year' during the AIRAH 2024 Awards that took place on Thursday, November 21st, 2024 in Melbourne, Australia. The AIRAH Awards celebrate outstanding achievements from across Australia's HVAC&R building services industry.Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/231582_fd157079640dd8d3_001full.jpgGMG's Managing Director and CEO, Craig Nicol, commented: "We are truly honored that THERMAL-XR® has been recognized with the Product of the Year Award at the AIRAH 2024 Awards. This achievement is a direct result of the dedication and innovation of our team, and it reinforces our commitment to advancing energy efficiency and sustainability in the HVAC industry. We believe THERMAL-XR® represents the future of high-performance solutions, and we are proud to contribute to a more sustainable and energy-efficient world."Figure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/231582_fd157079640dd8d3_002full.jpgAbout AIRAH AwardsThe AIRAH Awards provide our industry with the opportunity to reflect, applaud, and raise a toast to our peers and their achievements - from promising future leaders to established sector veterans; from the finest new projects to the best retrofits; as well as the greatest in refrigeration, renewable energy, and research. Independent industry specialists determine a shortlist of finalists, from which a winner is selected by an expert judging panel. This rigorous and impartial process makes the AIRAH Awards the most highly prized accolades in Australia's HVAC&R building services industry.About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR ENHANCE® is powered by GMG Graphene. PATENT PENDINGAbout GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231582 Copyright 2024 ACN Newswire via SeaPRwire.com.
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EdgePoint Infrastructure Inks Strategic Partnership with CelcomDigi to expand connectivity in Malaysia at TowerXchange Meet Up Asia 2024 ACN Newswire

EdgePoint Infrastructure Inks Strategic Partnership with CelcomDigi to expand connectivity in Malaysia at TowerXchange Meet Up Asia 2024

November 28, 2024
KUALA LUMPUR, Nov 26, 2024 - (ACN Newswire via SeaPRwire.com) - EdgePoint Towers Sdn Bhd (“EPT”), part of EdgePoint Infrastructure (“EdgePoint”), the ASEAN-based independent telecommunications infrastructure company today inked a strategic partnership with leading mobile network provider (“MNOs”) in Malaysia, CelcomDigi Bhd (“CelcomDigi”), at the annual TowerXchange Meet Up Asia 2024, an exclusive meeting place for Asia-Pacific tower players.Mr Suresh Sidhu - Chief Executive Officer at EdgePoint InfrastructureEncik Muniff Kamaruddin - Chief Executive Officer at EdgePoint Towers Sdn BhdYang Berbahagia Datuk Mohamad Idham Nawawi - Chief Executive Officer, CelcomDigi BhdMr Joachim Rajaram - Chief Corporate Affairs Officer, CelcomDigi Bhd [L-R]Present at the event were Yang Berbahagia Dato' Mohd Ali Hanafiah Mohd Yunus, Managing Director of Malaysian Communications and Multimedia Commission and Yang Mulia Tunku Dato’ Mahmood Fawzy Tunku Muhiyiddin, Chairman of EdgePoint Malaysia Holdings. This partnership represents EdgePoint’s increasing commitment to serve MNO partners holistically to help them not only overcome today’s challenges but to prepare for the opportunities of tomorrow.Partnering with Malaysia’s largest MNO CelcomDigi Berhad, EdgePoint Towers Sdn Bhd inked a Memorandum of Agreement (“MoA”), to collaborate on the expansion of CelcomDigi's connectivity reach, realise network synergies and focus on cost optimisation aimed at ultimately benefiting CelcomDigi customers with seamless connectivity. This partnership also lays the foundation for advanced, future-ready connectivity solutions opportunities such as in-building solutions and small cells for improved indoor coverage, ensuring that CelcomDigi is prepared for growth and increased data demand.Muniff Kamaruddin, Chief Executive Officer of EdgePoint Towers said, “This partnership is a natural extension to the fruitful working relationship EdgePoint and CelcomDigi has enjoyed to date. We look forward to helping CelcomDigi realise the benefits of the merger, as well as prepare for the future. As Malaysia accelerates its efforts for ubiquitous connectivity, we look forward to continuing to develop and deploy future ready infrastructure and innovative technologies quickly to enhance the digital experiences of consumers and enterprises alike in the country”.Datuk Idham Nawawi, Chief Executive Officer of CelcomDigi said, “The country is in prime position to be a regional leader in 5G and AI development. We are committed to building a state-of-the-art network for our customers and advance the nation into a 5G-AI powered digital society. Through partnerships like this, we will be able to optimise our newly modernised network to better serve our customers in more areas across the country and accelerate Malaysia’s digital transformation.”Also at the event, a second agreement aimed at ensuring quality infrastructure is deployed in Malaysia was signed between Persatuan Penyedia Infrastruktur Telekomunikasi Malaysia (PPIT) and Malaysian Technical Standards Forum Bhd (MTFSB), the standardisation body for Malaysia’s communications and multimedia industry, with all members of PPIT committing to fulfilling the requirements of network interoperability, safety and other technical aspects of network facilities, network services, approval of equipment and all matters related to designing and deploying infrastructure. Signing on behalf of PPIT was the organisation’s President, Muniff Kamaruddin with Puan Normarinee Mohd Nor, Chief Executive Officer of MTSFB.Speaking at the event Puan Normarinee Mohd Nor, Chief Executive Officer of MTSFB said “As the telecommunications industry continues to evolve at an unprecedented pace, it is our responsibility to ensure that we set clear, forward-thinking and relevant standards that enable innovation while maintaining reliability, security, sustainability and interoperability. Our goal is to foster a collaborative ecosystem where industry leaders, regulators, infrastructure and technology providers can work together to build a more connected, sustainable future for all”EdgePoint currently owns more than 15,000 towers across Malaysia, Indonesia, and the Philippines.ABOUT EDGEPOINT INFRASTRUCTUREEdgePoint Infrastructure is an ASEAN based independent telecommunications infrastructure company that aspires towards Building a Connected, Digital ASEAN. Headquartered in Singapore with operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoints Towers Inc. respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies.For more information on EdgePoint, please visit https://edgepointinfra.com/. ABOUT CELCOMDIGICelcomDigi is Malaysia’s largest mobile network operator with more than 20.2 million users on its network. Established on 1 December 2022 from the merger of Celcom and Digi, the company aims to serve the growing digital needs of its customers by leveraging its newly combined widest network footprint, distribution touchpoints, innovative range of digital products and services, and superior customer experience, powered by passionate CDzens. The company has clearly defined ambitions to advance the nation, inspire Malaysian society, and be a leader in inclusion and ESG practices. For more information on CelcomDigi, visit www.celcomdigi.com.ABOUT MTFSBThe Malaysian Technical Standards Forum Bhd (MTSFB) is the leading standardization body for Malaysia’s communications and multimedia industry. MTSFB was first established on 8 June 2004 as a company limited by guarantee and was later designated as the Technical Standards Forum by the Malaysian Communications and Multimedia Commission (MCMC) on 27 October 2004 pursuant to Section 94 (Chapter 9 of Part V) and Section 184 (Chapter 3 of Part VII) of the Communications and Multimedia Act 1998 (CMA 1998) to develop and maintain technical codes for Malaysia’s communications and multimedia industry (CMI)” Copyright 2024 ACN Newswire via SeaPRwire.com.
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Step Into the World of Jean-Michel Basquiat ACN Newswire

Step Into the World of Jean-Michel Basquiat

November 28, 2024
SINGAPORE, Nov 27, 2024 - (ACN Newswire via SeaPRwire.com) - Art lovers, get ready for an unforgettable journey into the world of Jean-Michel Basquiat! This December, Singapore will host the global debut of Behind the Canvas Series 1: Jean-Michel Basquiat, an immersive experience celebrating the life and work of one of the most influential artists of our time. Running from 16th December 2024 to 6th March 2025 at Marina Bay Sands, this experience is set to captivate audiences with a fresh, engaging take on Basquiat’s artistic legacy.Untitled (Crown), 1988© Estate of Jean-Michel Basquiat. Licensed by Artestar, New York.This 3-month long initiative, presented by Covenant ART — a platform for art-led immersive concepts founded by entrepreneurs Jude Robert and Angelito Perez Tan, Jr. — in partnership with prominent New York collector and publisher Larry Warsh’s House of Inspiration, and with the support of our associate partners AKG Ventures, SEA Pixel Investments, Meridian Alpha Family Office, and Alpha-Omega Holdings, brings art appreciation to a wider audience. Behind the Canvas Series 1: Jean-Michel Basquiat reimagines the stories of iconic artists through innovative, experiential showcases, making art accessible and relatable to everyone.A Celebration of Art and LegacyUntitled, 1983© Estate of Jean-Michel Basquiat. Licensed by Artestar, New York.American artist - Jean-Michel Basquiat broke boundaries and revolutionised contemporary art. Known for his raw, emotive style that seamlessly merged into neo-expressionism paintings, Basquiat’s work continues to resonate across generations while reflecting the thought-provoking themes of identity, race and social dynamics. With the support of the Basquiat Estate, and their global licensing agency Artestar, Behind the Canvas Series 1: Jean-Michel Basquiat will be the first of its kind, focusing on Basquiat's artistic journey, offering an unprecedented look into his life, artistic evolution, and cultural impact.Visitors will embark on an immersive exploration of Basquiat’s formative years, his inspirations, and the pivotal moments that defined his career. Through interactive installations, rare archival materials, and multisensory experiences, the 3-month experience aims to deepen appreciation for Basquiat’s creativity while fostering introspection and dialogue about the themes his art represents.“We are honoured to be able to bring Jean-Michel Basquiat’s story and artistry to a new audience in Asia. Basquiat's work transcends time, culture, and boundaries, and introducing his raw creativity and unique perspective to a new region feels especially meaningful,” says Larry Warsh, founder of House of Inspiration and publisher of No More Rulers, a publishing house focused on art-related tomes.Singapore: A Hub for Artistic InnovationLeft to Right: Untitled (Bust), 1984; Pez Dispenser, 1984; Trumpet, 1984© Estate of Jean-Michel Basquiat. Licensed by Artestar, New York.Behind the Canvas Series 1: Jean-Michel Basquiat aims to make art more approachable, accessible, and relatable to all. As the inaugural stop for the Behind the Canvas series, Singapore solidifies its position as a leading cultural hub. Plans are already in motion to bring future editions of the series to other major cities across Asia."I am thrilled to introduce our first instalment of the Behind the Canvas Series in Asia. After years of living abroad in China and growing companies in the luxury and arts sector, launching this original immersive concept in my home country Singapore is deeply personal. Jean-Michel Basquiat is a true artist, and we hope that our Behind the Canvas Series 1: Jean-Michel Basquiat experience will serve as a catalyst for creativity and connection, demonstrating why his work remains so relevant today,” shared Jude Robert, co-founder of Covenant ART. “Working closely with the National Arts Council and Singapore Tourism Board, it is an absolute pleasure to help foster and elevate the creative landscape in our city-state."Mitchell Crew, 1983© Estate of Jean-Michel Basquiat. Licensed by Artestar, New York. The immersive experience is part of the highly anticipated Singapore Art Week in January 2025, an annual celebration that invites everyone to experience the richness of the arts.“We are excited to partner with Covenant ART for the Behind the Canvas series as they promote artistic excellence and inspire artistic appreciation and dialogue,” says Sam Lay, Director, Strategic Partnerships & Engagement at the National Arts Council. “Such partnerships are important to the Singapore Art Week as we work closely with the visual arts community and stakeholders to strengthen Singapore’s position as a globally connected arts hub. We invite people of all walks of life to enjoy this pinnacle visual arts season and engage with the arts!”Don’t miss this one-of-a-kind experience. Visit www.covenantexperiences.com to learn more about Behind the Canvas Series 1: Jean-Michel Basquiat.About Covenant ARTCovenant ART creates and produces original art-led immersive experiences that seamlessly blend storytelling and cutting-edge technology to captivate new audiences. We believe that the story and inspiration behind an artist's work can often be as beautiful as the artwork itself, and our goal is to bring that vision to life in every original experience we create. We work together with our partners to showcase the world’s most iconic contemporary artists in an innovative and immersive environment, cultivating a new generation of art lovers and enthusiasts.About House of InspirationHouse of Inspiration is an artistic platform that brings the coolest, most iconic, inspiring and boundary-breaking contemporary artists and creatives to cultural enthusiasts around the world through publishing, exhibitions, innovative products and experiences.The mission of the platform is to cultivate appreciation of the arts, bringing more consciousness and positivity to the world through art, and encourage creative expression in all forms.About Marina Bay Sands Pte LtdMarina Bay Sands is Asia’s leading business, leisure and entertainment destination. The integrated resort features Singapore’s largest hotel with approximately 1,850 luxurious rooms and suites, crowned by the spectacular Sands SkyPark and iconic infinity pool. Its stunning architecture and compelling programming, including state-of-the-art convention and exhibition facilities, Asia’s best luxury shopping mall, world-class dining and entertainment, as well as cutting-edge exhibitions at ArtScience Museum, have transformed the country’s skyline and tourism landscape since it opened in 2010.Marina Bay Sands is dedicated to being a good corporate citizen to serve its people, communities and environment. As one of the largest players in hospitality, it employs more than 11,500 Team Members across the property. It drives social impact through its community engagement programme, Sands Cares, and leads environmental stewardship through its global sustainability programme, Sands ECO360.For more information, please visit www.marinabaysands.com Copyrights & Trademarks(a) Basquiat Images. The copyrights and all other intellectual property rights in the licensed Basquiat Images are and shall remain the sole and exclusive property of Grantor. Unless Grantor agrees to a different form of notice, each Event Item shall bear a copyright notice substantially in the following form:© Estate of Jean-Michel Basquiat. Licensed by Artestar, New York.Associate PartnersAbout AKG VenturesAKG Ventures, a global macro hedge fund led by Franklin Li, combines advanced data and event analysis with deep research expertise. The firm transforms global macroeconomic events and market volatility into investment opportunities, believing that every fluctuation carries the potential to shape the future. Franklin is a legendary trader in Asia and has invested in and incubated several internationally renowned unicorns. He has a personal passion in the humanities & arts and is an avid collector and philanthropist.About SEA PixelSEA Pixel Investments is a Singapore-based Venture Fund with investments spanning from South-east Asia, Hong Kong, China, Northern and Southern America. SEA Pixel investment portfolio includes well known companies such as Lalamove and Tencent-backed Xingsheng Youxuan, and is an early LP in Infinity Ventures Crypto (IVC) Fund, Web 3.0, GameFi and DeFi, co-investor with IVC.About Meridian AlphaMeridian Alpha Family Office leverages its extensive partner network to curate investment opportunities for our family and other ultra-high-net-worth families, focusing on long-term success and cultivating sustainable partnerships.About Alpha-Omega HoldingsAlpha-Omega Holdings is a family office based in Singapore and London, investing across real estate, technology ventures and special sits, taking a long view towards preserving and growing multigenerational wealth while making a positive impact.Follow us on social media -Instagram: @basquiatexperience.sgTikTok: @basquiatexperience.sgFacebook: basquiatexperience.sgRED: Behind The CanvasWeChat: Behind The CanvasFor media enquiries, please contact:JMB@invade.co Copyright 2024 ACN Newswire via SeaPRwire.com.
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Expert Systems Announces FY25 Interim Results ACN Newswire

Expert Systems Announces FY25 Interim Results

November 28, 2024
HONG KONG, Nov 27, 2024 - (ACN Newswire via SeaPRwire.com) - Expert Systems Holdings Limited (“Expert Systems” or the “Group”; Stock Code: 8319), a leading technology and innovation company in the Asia-Pacific region, today announced the unaudited interim results of the Company and its subsidiaries (the “Group”) for the six months ended 30 September 2024 (the “Reporting Period”). During the Reporting Period, the Group actively responded to market challenges and achieved an increase in gross profit margin despite the downward adjustment in business volume, demonstrating its strong business resilience.During the Reporting Period, the Group recorded revenue of approximately HK$437.2 million. Gross profit amounted to HK$70.9 million, and profit for the 1HFY2025 was HK$7.1 million. The market environment remained uncertain due to factors such as the global economic slowdown and the ongoing Sino-US competition. Nevertheless, the Group actively addressed the market challenges by optimizing its product mix and implementing effective cost-management measures. As a result, its gross profit margin increased from 14.6% in the same period last year to 16.2% during the Reporting Period, underscoring its unwavering business resilience.Mr. Andy Lau, CEO and Executive Director of Expert Systems, said: "Recognizing that the macro environment has been impacted by numerous uncertainties, we have not only made efforts to address challenges, but also adjusted our strategies and optimized our costs. In operating our product lines, we have focused our resources on businesses with high growth potential, including cybersecurity, automation, artificial intelligence (AI) and managed services. Through the close cooperation between our subsidiaries, we have been able to realize their respective advantages and provide comprehensive, one-stop solutions to meet the diverse needs of customers. This horizontal development has helped us to integrate the strengths of various business segments, which has not only enabled us to provide customers with high-value-added integrated solutions, but also enhanced our competitive advantage and laid a solid foundation for our business growth. While optimizing our product portfolio, we have also maintained effective capital allocation, focused on profit margin improvement, and actively responded to the changing business environment."BUSINESS REVIEWIT Infrastructure SolutionsThe Group has continued to provide world-class IT infrastructure solutions to corporate and institutional customers to meet their needs. In light of the frequent occurrence of cybersecurity incidents in recent years, the Group is committed to deploying appropriate cybersecurity solutions to safeguard its customers’ valuable IT assets. Additionally, in response to customers’ strong demand for automation, the Group also provides a wide range of IT infrastructure solutions that align with market trends and the surging demand. Among them, AI can comprehensively assist customers with business automation. To this end, the Group has developed a series of Generative AI (“GenAI”) applications and now offers a one-stop service that encompasses everything from infrastructure to GenAI applications, thereby eliminating any deployment and maintenance support concerns for customers. At this stage, the Group will prioritize allocating resources to two business growth engines of cybersecurity and automation (including AI). This focus aims to enhance its product portfolio and technical support, committed to providing customers with more valuable and comprehensive solutions, thereby driving business growth.IT Infrastructure Management ServicesThe Group anticipates growth in demand for IT infrastructure management services throughout the Asia-Pacific region. The Group’s service desk centers in Guangzhou and Kuala Lumpur provide IT outsourcing, help desk and other services to corporate and institutional customers, supporting over 60,000 incidents each month in seven languages. To address new demand, the Group plans to relocate the Guangzhou service desk center to a new facility and expand its capacity. Furthermore, the Group aims to extend its offerings to managed professional services (MPS), including a Network Operation Center (NOC) and Security Operation Center (SOC). All the above are expected to be completed by the first half of 2025. The service desk centers in both locations will create synergies, effectively balancing resources across regions and providing flexible services to customers, which further enhance the Group’s ability to meet the diverse customer needs. In addition, in response to the rising number of cybersecurity incidents, the Group has increased its resources to provide comprehensive cybersecurity consulting services, aiming to help customers proactively prevent cybersecurity incidents.AI BusinessThe Group continues to boost its GenAI business and has successfully developed a series of GenAI products based on cloud or on-premises large language models (“LLM”) for its corporate and institutional customers. The GenAI product series, namely ChatSeries, which includes ChatEnquiry, ChatMinutes and ChatSerivceDesk, offering a variety of functionalities to meet customer needs. Benefiting from the accelerated development of the AI ecosystem in Hong Kong, the Group has received a significant number of inquiries from clients, indicating the strong market demand. This sector is expected to be one of the key drivers in new business growth for the Group.Mr. Lau concluded: "As we enter 2025, Expert Systems will celebrate its 40th anniversary. The two core businesses of IT infrastructure solutions and IT infrastructure management services, as the cornerstones of Expert Systems, provide us with a solid foundation in a volatile market environment, while allowing us to actively develop new AI businesses. Looking ahead, Expert Systems will continue to focus on implementing strategic initiatives, including optimizing product portfolio and cost management, and continue to invest in technological research and development. We will actively respond to market challenges, strive to create value for shareholders and stakeholders, and drive the company to achieve sustainable growth."About Expert Systems Holdings Limited (Stock code: 8319)Established since 1985, Expert Systems Holdings Limited (“ESHL”) is a leading technology and innovation company which operates under the brands “Expert Systems”, “ServiceOne” and “Expert AI Enabling” with around 1,000 IT professionals. We are principally engaged in the provision of IT infrastructure solutions, IT infrastructure management services, and in the development and provision of AI products and AI solutions for corporate and institutional customers in the Asia-Pacific region. For more information, please refer to ESHL's website: https://www.expertsystems.com.hk/.Media Enquiries:Strategic Financial Relations LimitedHeidi SoTel: (852) 2864 4826Email: heidi.so@sprg.com.hkRachel KoTel: (852) 2114 2370Email: rachel.ko@sprg.com.hkMaggie KoTel: (852) 2864 4890Email: maggie.ko@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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Kingworld-Longde Life and Health Industrial Park Grand Opening ACN Newswire

Kingworld-Longde Life and Health Industrial Park Grand Opening

November 28, 2024
HONG KONG, Nov 27, 2024 - (ACN Newswire via SeaPRwire.com) - Kingworld Medicines Group Limited ("Kingworld Medicines" or the "Group", stock code: 01110.HK), a leading healthcare distribution company, announced that the Group's Kingworld • Longde Life and Health Industrial Park ("Longde Health Industrial Park" or "Industrial Park") in Bao’an Technology City, Longgang District, Shenzhen, has officially commenced operations. The opening ceremony, investment promotion conference, and investor tour were successfully held, marking a new chapter in the Group's 30-year journey in the healthcare industry and establishing a national-level pharmaceutical industry incubation and investment base for the Greater Bay Area. On the same day, Kingworld and Foci jointly launched their new product "Foci Kingworld An Gong Niu Huang Wan."Zhao Li Sheng, Chairman of Kingworld Medicines,attended the grand opening ceremony of Kingworld • Longde Life and Health Industrial Park.The Longde Health Industrial Park was developed according to the national health industry development strategy and aligned with Shenzhen and Longgang District's industrial development plans. Located at the strategic intersection of Shenzhen's Eastern High-speed Rail New Town and International Low-Carbon City, the park covers 10,000 square meters with a total construction area of 57,000 square meters. The park features high-standard production facilities and supporting infrastructure, including pharmaceutical waste treatment facilities, backup power supply systems, and centralized pharmaceutical wastewater treatment systems, providing comprehensive support for the diverse needs of resident enterprises.Construction of Kingworld • Longde Life and Health Industrial Park began in December 2020,planned as a comprehensive park integrating R&D,production, and office facilities for traditional Chinese medicine, Hong Kong medicine, and other health industry enterprises.As a key strategic project of Kingworld Medicines, the Longde Health Industrial Park leverages Kingworld's 30-year global pharmaceutical supply chain resources, mature sales network, and marketing capabilities. It actively integrates pharmaceutical supply chain resources to help park enterprises effectively expand their market channels and provides targeted professional support in financing, listing, policy, and legal matters to accelerate the incubation of pharmaceutical projects and brands aligned with the Group's strategic direction. The Industrial Park has also established innovation platforms, including a Greater Bay Area Youth Exchange Base and Hong Kong Medicine Landing Platform.Furthermore, the Industrial Park houses high-end research institutions including “Hong Kong Medicine Landing Hub”, “Shenzhen-Hong Kong TCM In-Hospital Preparatory Medicinal Products Center” and “Pharmaceutical GSP Supply Chain Distribution Center”. The park has created a life and health achievement transformation platform integrating research institutions, Shenzhen-Hong Kong medical institutions, research experts, and pharmaceutical distribution, making positive contributions to the innovative development of the biomedical industry in the Greater Bay Area.Mr. Zhao Li Sheng, Chairman of Kingworld Medicines, stated: "The Longde Health Industrial Park, as a strategic project in Kingworld Group's Fifth Five-Year Plan, represents a significant milestone in the Group's development. Kingworld Medicines consistently prioritizes technological innovation, emphasizes ecological environmental protection and sustainable development, and strives to create synergistic innovation effects. We aim to build a modern, intelligent, and green health industrial park integrating R&D, production, logistics, and sales, effectively consolidating and maximizing the Group's health industry resources. We hope to establish the park as Longgang's new landmark in the pharmaceutical industry, creating a new highland for exploring health technology, nurturing health industries, and serving human health, contributing to the prosperous development of the pharmaceutical and healthcare industry in Longgang and the Greater Bay Area."Zhao Jian Wei (first from right),Managing Director of Kingworld-LongdeHealth,signed a strategic cooperation agreement with partners includingShenzhen Angel FOF and Elong Hotel Technology (under Tongcheng Travel).Simultaneously,they also signed an agreement with Xingwu (Shenzhen) TechnologyCo., Ltd.,which represents one of the enterprises entering the industrial park.About Kingworld Medicines Group ( Stock code: 01110.HK )Kingworld Medicines Group (stock code: 01110.HK) has been committed to building a comprehensive upstream and downstream supply chain system in the healthcare industry for over thirty years, with business coverage in more than 34 provinces and cities across China. In order to adapt to the new trend of consumer upgrading, Kingworld Medicines has built a new retail ecosystem both online and offline. Shenzhen Kingworld Medicines a subsidiary of the Group, mainly engages in the agency of imported branded pharmaceutical and healthcare products in China, and has established a reputation as a leading agent for well-known brands such as Nin Jiom Pei Pa Koa, Taiko Seriogan, Kingworld Imada Red Flower Oil and Foci Kingworld An Gong Niu Huang Wan. For more information, please visit https://www.kingworld.com.cn/If you have any media enquiries, please contact LBS Communications Consulting LimitedMs Joanne ChanTel:(852) 3679 3671Email:jchan@lbs-comm.com Mr Jason HoTel:(852) 3752 2675Email:jho@lbs-comm.com Email:kingworldir@lbs-comm.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Swire Coca-Cola Hong Kong Leverages SAP S/4HANA and SAP Services to Drive Digital Transformation ACN Newswire

Swire Coca-Cola Hong Kong Leverages SAP S/4HANA and SAP Services to Drive Digital Transformation

November 28, 2024
HONG KONG, Nov 27, 2024 - (ACN Newswire via SeaPRwire.com) - Swire Coca-Cola, a leading beverage company operating in Greater China and Southeast Asia, has successfully implemented SAP S/4HANA to optimize its Hong Kong operations, signifying a milestone in the company's digital transformation journey.With a wide-reaching operation, Swire Coca-Cola produces, bottles, and distributes an impressive portfolio of 60 beverage brands, serving a franchise population of over 956 million customers. To stay ahead in the competitive market and address operational challenges in Hong Kong, the company has implemented SAP S/4HANA with the support of SAP Customer Services & Delivery.The solution enabled the company to harmonize its complex operations with flexibility, speed and insights required to tackle both present-day challenges and capture future opportunities in Hong Kong. By optimizing its multifaceted operations, including manufacturing, sourcing, financing, customer ordering, discount offering calculation, warehousing and delivery, Swire Coca-Cola can continuously support delivery across Hong Kong and leverage 360-degree real-time visibility of the automated pricing and offerings.Matthew C.M. Wong, General Manager, Digital & IT – South East Asia, Hong Kong & Taiwan, Swire Coca-Cola Limited, said, “At Swire Coca-Cola, we strive for collective success by consistently supporting our employees, partners, community and the planet. Having the right partner to deliver exceptional results is imperative as they strive to understand our unique needs, provide innovative solutions, and consistently exceed our expectations. We found these impressive qualities with the SAP Customer Services & Delivery Greater China team who seamlessly integrated its solutions into our organization’s system to deliver only the best to both our internal and external stakeholders.”Yee-Ching Wang, Head of Customer Services & Delivery, SAP Greater China, said, “We are delighted to take the lead to transition Swire Coca-Cola’s ERP to SAP S/4HANA. SAP S/4HANA is the ideal platform to support such a complex and vast operation while minimizing disruption, maximizing efficiency and providing cross-functional visibility to better serve Swire Coca-Cola’s customer base and seize new opportunities in Hong Kong.”She also added, “SAP Customer Services & Delivery’ mission is to support our customers in their transformation journeys through the adoption of SAP solutions and innovations and to help address the challenges across multiple business units, processes and technical architectures by providing key outcome for their strategies, thereby maximizing their business values.” The complexity of Swire Coca-Cola’s implementation necessitated various end-to-end operations to run concurrently and incessantly. Starting with multiple in-depth discussions, the Customer Services & Delivery team laid out the foundation of the road ahead and identified a host of deployment milestones. To ensure a successful implementation, the team stationed on-site consultants at Swire Coca-Cola’s premises to refine and roll out several hundreds of system enhancements.Esmond Tong, Managing Director, SAP Hong Kong and Macau, “Companies seeking to improve operations and efficiency should leverage SAP S/4HANA to accelerate their business transformation. With SAP S/4HANA's comprehensive capabilities and scalability, companies can adjust the scope and pace of their transformation to align with business strategies and adapt to fast changing market conditions. We look forward to helping more companies adopt SAP’s latest innovations and unlock new business potential.”Photo Download: https://bit.ly/3Z95f4dAbout SAPAs a global leader in enterprise applications and Business AI, SAP (NYSE: SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com/hk.For more information, press only:Strategic Public Relations Group (SPRG)Andico TsuiEmail: andico.tsui@sprg.com.hk Tel: 2114 4346 / 6902 3831 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Cropmate Berhad IPO Oversubscribed by 84.88 Times ACN Newswire

Cropmate Berhad IPO Oversubscribed by 84.88 Times

November 28, 2024
KUALA LUMPUR, Nov 27, 2024 - (ACN Newswire via SeaPRwire.com) - Cropmate Berhad (“Cropmate” or the “Company”), a key player in the conventional and specialty fertiliser manufacturing industry in Malaysia, is pleased to announce that its Initial Public Offering (IPO) for the Malaysian public has been oversubscribed by 84.88 times, indicating strong investor interest in Cropmate’s growth trajectory and prospects.Managing Director of Cropmate Berhad, Mr. Lee Chin YokCropmate’s IPO of 260.00 million ordinary shares (“IPO Shares”) consists of a Public Issue of 210.00 million new ordinary shares (“Issue Shares”) and an Offer for Sale of 50.00 million shares (“Offer Shares”) involving:(I) Institutional offering of 208.34 million IPO Shares in the following manner:158.34 million Issue Shares allocated via private placement to institutional and selected investors, including 42.25 million Issue Shares approved for Bumiputera investors by the Ministry of Investment, Trade and Industry (“MITI”); and50.00 million Offer Shares allocated via private placement for Bumiputera investors by the MITI.(II) Retail offering of 51.66 million IPO Shares in the following manner:36.90 million Issue Shares made available for application by the Malaysian public via balloting, with an equal allocation between Bumiputera and non-Bumiputera investors; and14.76 million Issue Shares reserved for application by the eligible directors of the Company, employees of Cropmate and its subsidiary (“Group”) and persons who have contributed to the success of the Group (“Eligible Persons”).The Group received a total of 21,392 applications for 3,169,052,100 Issue Shares with a value of approximately RM633.81 million were received from the Malaysian public, which represents an overall oversubscription rate of 84.88 times. For the Bumiputera portion, a total of 10,745 applications for 1,368,843,700 Issue Shares were received, which represents an oversubscription rate of 73.19 times. For the public portion, a total of 10,647 applications for 1,800,208,400 Issue Shares were received, which represents an oversubscription rate of 96.57 times.The 14.76 million Issue Shares made available for application by the Eligible Persons were fully subscribed.Under the Institutional Offering of 208.34 million of IPO Shares, the Bookrunner has confirmed that it has received interests to subscribe the 158.34 million Issue Shares allocated via private placement to institutional and selected investors, including 42.25 million Issue Shares for Bumiputera investors by the MITI, as well as 50.00 million Offer Shares allocated via private placement for Bumiputera investors by the MITI.Managing Director of Cropmate Berhad, Mr. Lee Chin Yok, expressed, “The robust response to our IPO reflects the trust that investors have placed in Cropmate’s business and strategic direction. We are grateful for this overwhelming support and excited to move forward with our plans to enhance our operations and customer service capability to meet the growing demand for our fertilisers.”Mr Lee also added, “The enthusiastic response from investors underscores their belief in Cropmate’s future potential. This support motivates us to strengthen our operations and continue innovating to meet the evolving needs of the agriculture industry.”Group Managing Director/Chief Executive Officer of Hong Leong Investment Bank Berhad (“HLIB”), Ms. Lee Jim Leng, remarked, “The strong demand for Cropmate’s IPO is a testament to the investment community’s recognition of the Company’s solid management team and their prospects. Cropmate is well-positioned to make a meaningful impact in the agricultural sector, and we are honoured to support them in their journey.”Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Bookrunner.Cropmate Berhad is scheduled to make its debut on the ACE Market of Bursa Securities on 5 December 2024.About Cropmate Berhad (“Cropmate”)Founded in 2018, Cropmate Berhad is an established fertiliser manufacturer and supplier in Malaysia, specialising in the formulation and blending of conventional and specialty fertilisers. With a focus on innovation and sustainability, Cropmate offers a wide range of products designed to enhance agricultural productivity, including compacted and blended fertilisers, as well as semi-organic, organic, and liquid fertilisers. Led by industry veterans with decades of experience, Cropmate is committed to supporting farmers in improving crop yield and quality. As the first pure-play fertiliser company listed on Bursa Malaysia, Cropmate continues to advance its mission of contributing to the growth and sustainability of the agricultural sector.For more information, visit https://www.cropmate.com.my/Issued By: Swan Consultancy Sdn. Bhd. on behalf of Cropmate BerhadFor more information, please contact:Jazzmin WanEmail: j.wan@swanconsultancy.bizWilliam YeoEmail: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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foundit Insights Tracker Reveals 20% Surge in Hiring Activity in the Philippines: A Beacon for Southeast Asia ACN Newswire

foundit Insights Tracker Reveals 20% Surge in Hiring Activity in the Philippines: A Beacon for Southeast Asia

November 27, 2024
MANILA, Nov 27, 2024 - (ACN Newswire via SeaPRwire.com) - foundit (formerly Monster APAC & ME) Asia’s leading jobs and talent platform, has unveiled its latest foundit Insights Tracker (fit) report, showcasing a remarkable 20% annual increase in hiring activity in the Philippines for October 2024. This surge, driven by strategic economic reforms and infrastructure development, highlights the region’s potential for robust economic growth.The fit report indicates a significant rise in hiring activity, with the index reaching 163 in October 2024, up from 118 in October 2023. This 20% annual increase underscores the robust recruitment momentum in the Philippines.Additionally, hiring activity saw a 15% month-over-month increase, with the index rising from 142 in September 2024 to 163 in October 2024, reflecting a strengthening job market. Over the past six months, hiring activity surged by 21%, driven by government initiatives focused on infrastructure development and economic reforms aimed at attracting foreign direct investments (FDI).The Retail sector experienced a 119% year-over-year increase in hiring demand, driven by the e-commerce boom. This surge highlights the growing importance of digital transformation in meeting consumer needs. The Logistics, Courier, Freight, and Transportation sector saw a 78% annual growth, reflecting expanded supply chain operations. The Advertising, Market Research, Public Relations, Media, and Entertainment sector recorded a 70% increase in hiring activity, showcasing the dynamic nature of these fields.Notably, there was a 127% increase in hiring for sales and business development roles, indicating a strategic shift towards strengthening sales networks. Purchase, Logistics, and Supply Chain roles saw a 103% rise, aligning with the broader industry trend of optimising supply chains. Marketing and Communications roles experienced a 69% increase, driven by a focus on influencer marketing and brand engagement.The Philippines' impressive hiring trends signal a strong economic recovery and a significant opportunity for Southeast Asia as a whole. With enhanced infrastructure and increasing foreign investments, particularly in the retail sector, the Philippines is setting an example for neighbouring countries to emulate.Foreign investments are driving job creation in key industries such as Retail, Logistics, and Media. In retail, companies are establishing new distribution hubs and retail outlets that connect Southeast Asian regions, strengthening cross-border trade and economic ties. This creates a ripple effect, fostering regional collaboration and encouraging countries like Malaysia to leverage similar growth opportunities in their own retail sectors.By sharing resources and adopting best practices, Southeast Asian nations can enhance economic resilience, promote a more integrated job market, and collectively unlock growth across the region.Timeframe for the ReportThe timeframe for the fit data is October 2023 to October 2024.About foundit - APAC & Middle Eastfoundit, formerly Monster (APAC & ME) is Asia’s leading jobs & talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 120 million job seekers across 18 countries in connecting them with the right job opportunities and upskilling. foundit is now also the Official Talent Partner of the Badminton World Federation across 20 key world tour events. Over the last two decades, the company has been a leader in the world of recruitment solutions and has launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring. Additionally, foundit has been recognised as a Great Place To Work, reflecting its dedication to fostering a supportive and dynamic work culture. To learn more about foundit in APAC & Gulf, visit: www.foundit.in | www.founditgulf.com | www.foundit.sg | www.foundit.my |www.foundit.com.ph | www.foundit.hk| www.foundit.id Contact: Namrata SharmaNamrata.sharma@adfactorspr.com+6581383034 Copyright 2024 ACN Newswire via SeaPRwire.com.
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