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Malaysian Ringgit in the Global Market: An Overview from Octa

Octa analysts explain why the Malaysian ringgit has strengthened substantially against the U.S. dollar and express their opinion on whether the trend can continue.


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 4 September 2024 – Over the past few months, the Malaysian ringgit (MYR) has appreciated by more than 9% against the U.S. Dollar (USD) from 4.770 in April to 4.345 today. Indeed, the decline in USDMYR seems to have accelerated lately, and the pair may now be targeting a major support area near 4.200. What is the reason behind such a massive appreciation? To answer this question, we need to look at the factors driving the country’s exchange rate.

Octa

Malaysia’s central bank, Bank Negara Malaysia (BNM), has adopted a flexible exchange rate regime for the ringgit, meaning that MYR’s exchange rate is determined primarily by the supply and demand for the currency. In turn, the supply and demand depend on a number of factors, both domestic and global. Below, we have listed the main factors impacting the country’s exchange rate, and we will describe each of them in relation to the Malaysian ringgit.

Domestic economy
Needless to say, a strong market economy is good for any currency. If gross domestic product (GDP) is expanding at a healthy rate, foreign direct investment (FDI) is likely to increase, driving the demand for the local currency higher. In addition, a booming economy is usually associated with increased consumer spending, which often spurs inflation. In turn, that may prompt the central bank to raise borrowing costs, which may potentially make the local currency more attractive vs its regional peers (at least in the short term).

Malaysia’s economy has been doing rather well lately. Thanks to strong household spending, exports, and investment, the country’s GDP expanded at an impressive 5.9% rate in Q2 2024, the fastest pace in 18 months. BNM is forecasting full-year growth near the upper end of its forecast range. In fact, Malaysia’s economy is likely to outperform its closest neighbours, including China, Singapore, Thailand, and Indonesia.

Current Account and Trade Balance
Current account is a country’s balance of payments. It records all the external economic transactions, the most important of which is international trade. If a country attracts solid capital inflows and exports more than imports, its current account would likely be in surplus. Conversely, a country would be running a current account deficit if more money is leaving the country either by means of imports or via direct capital flight.

According to the Department of Statistics of the Ministry of Economy, Malaysia has mostly enjoyed a positive current account balance (see the infographics below). The country remains a major foreign direct investment (FDI) destination, reaching RM9.1 billion in Q2. However, the balance of trade has been deteriorating lately. On an annual basis, imports have been growing faster than exports for almost a year now. As a result, Malaysia’s trade surplus has shrunk from around RM29 billion in June 2023 to just RM6.4 billion in July 2024 (see the chart below), which was below the RM12.3 billion that the market expected. Still, USDMYR has managed to appreciate against this ostensibly negative backdrop. And that is because two other factors played a much bigger role in driving USDMYR down.

Domestic monetary policy
BNM has been pursuing a cautious but prudent monetary policy. It hiked its base rate to 3.00% in May 2023 and has kept it steady ever since—even though the inflation rate has slowed to just 2.0%. Furthermore, Malaysia’s government and BNM have implemented coordinated measures to increase flows into the forex market to ensure the ringgit remains stable. Specifically, the authorities were working with state-linked companies to encourage them to repatriate and convert their foreign investment income more regularly. Their efforts also included stepping up engagements with international investors to minimise devaluation pressure on the ringgit. Their politics have certainly paid off.

U.S. monetary policy and market sentiment
Last but not least, as an emerging market currency, MYR is very sensitive to risk trends, changes in commodity prices, and the value of the U.S. Dollar, all of which are heavily influenced by the U.S. Federal Reserve’s (Fed) monetary policy. Over the past several months, investors have been getting more and more optimistic about the prospect of interest rate reductions in the U.S. As a result, the U.S. Dollar Index (DXY) has been trending lower, supporting both commodity prices and emerging markets’ currencies. The Malaysian ringgit has certainly benefited from this trend.

Outlook
“I believe Malaysian ringgit is poised for continuing appreciation, targeting the 4.250–4.200 level. BNM is worried that inflation may return if the government continues to pursue subsidy cuts, so it is likely to keep interest rates unchanged in the mid-term. At the same time, Jerome Powell has essentially confirmed that the U.S. central bank is embarking on a major rate-cutting cycle”, said Kar Yong Ang, Octa analyst. Meanwhile, looser monetary policy in the U.S. and other major economies may help prop up global demand and pull the prices for Malaysia’s key export items higher: specifically, on petroleum products, liquified natural gas (LNG), and palm oil. This, in turn, should improve the balance of trade and add to the current account surplus, supporting the Malaysian ringgit and pushing the USDMYR pair down.
Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

First Phosphate Announces Appointment of Peter Nicholson as Director of First Phosphate


Saguenay, Quebec – Newsfile Corp. – September 3, 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) announces the appointment of Peter J.F. Nicholson to its board of directors effective September 1, 2024 to fill the vacancy created by the resignation of ex-director Marc Branson effective on the same day.

Mr. Nicholson is the Founder, President and controlling shareholder of Wealth Creation Preservation & Donation Inc. (WCPD), a recognized leader in Canadian tax-assisted investments, with a specialized focus on philanthropic tax planning and tax reduction in the mining industry.

Through his work with many donors, foundations, institutions, and boards, he has helped generate over $350 million for client donations. Nicholson is also a generous philanthropist in his own right and a tireless supporter of community initiatives.

Over the years, Peter has served as a dedicated champion and board member for many foundations across Canada, such as Winnipeg’s Canadian Museum of Human Rights, Children’s Hospital of Eastern Ontario, Ottawa Regional Cancer Foundation and founder of the Exuma Foundation of Canada. He is also a member of the Canadian Association of Gift Planners (CAGP), Association of Fundraising Professionals of Canada (AFP), the Clinton Global Initiative, and a ten-year veteran of the investment club Tiger 21.

“It is my pleasure to welcome Peter to our team,” says Company Chairman, Laurence W. Zeifman. “His mining and fundraising experience will serve the Company well as we progress further in the development of our projects.”

“I am excited to join the First Phosphate team as we advance our vision of creating the lithium iron phosphate battery valley of North American in the Saguenay-Lac-St-Jean region of Quebec, Canada,” added Mr. Nicholson. “Critical minerals and downstream processing at home represent mining practices of the future that First Phosphate is pioneering and represent the type of mining innovation that I wish to take forward.”

The Company has also granted 150,000 RSUs of the Company (“RSUs”) to Mr. Nicholson. The RSUs vest in 2 tranches (50% on November 30, 2024, and 50% on February 28, 2025).

About First Phosphate Corp.

First Phosphate (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

For additional information, please contact:

Bennett Kurtz, CFO
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

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

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 and Annual Report on 20-F which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

Gorilla Supercharges Leadership with the Appointment of Bruce Bower as Interim CFO


London, United Kingdom – Newsfile Corp. – September 3, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) is pleased to announce the appointment of Bruce Bower as Interim Chief Financial Officer (CFO). A seasoned finance executive, he brings over two decades of robust experience in strategic financial management, capital raising and corporate governance to Gorilla at a crucial juncture in the company’s growth trajectory.


Bruce Bower – Interim CFO

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/221607_357bc3b8d4a58b44_001full.jpg

Bruce has a distinguished track record of driving financial excellence across diverse industries. His expertise extends to strategic financial planning, where he has consistently delivered results by refining financial models, optimising cash flow and guiding long-term budgeting strategies. Bruce has also been pivotal in managing complex financial operations, including performance monitoring, shareholder documentation and legal support for fundraising activities.

In his role as Interim CFO at Gorilla, Bruce will be responsible for overseeing all financial operations, including financial reporting, strategic planning, budgeting and investor relations. He will also lead efforts to optimise Gorilla’s capital structure, drive financial strategy and ensure rigorous financial governance as the company continues its aggressive expansion into global markets.

“We are absolutely elated to have Bruce Bower join the Gorilla leadership team,” said Jay Chandan, Chairman & CEO of Gorilla Technology Group. “Bruce’s exceptional financial expertise and his remarkable track record in securing substantial capital are exactly what we need as we enter this dynamic phase of growth. His strategic vision and leadership are set to propel our financial operations to new heights, enabling us to scale rapidly and deliver unprecedented value to our stakeholders. Bruce is the perfect fit to drive our ambitious goals forward with vigour and precision.”

Bruce Bower expressed his enthusiasm, saying, “I am absolutely thrilled to join Gorilla Technology Group’s executive team at this exhilarating stage of its journey. The company’s innovative vision and bold growth plans are nothing short of inspiring and I am overjoyed to join such a great executive team and board. Going forward, I will seek to align our financial strategy with our ambitious goals and help drive the operational excellence that will power Gorilla’s global expansion. The opportunities ahead are truly incredible and I’m eager to contribute to this remarkable success story.”

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, Gorilla’s largest projects and ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

Gorilla Technology Secures Two Major Wins in Taiwan, Advancing Airport Security and National Law Enforcement Capabilities


London, United Kingdom – Newsfile Corp. – September 3, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), today announced two significant project wins in Taiwan, further solidifying its role as a leader in AI-driven security and smart city solutions.

The first project involves the expansion of an AI Airside Management System at Taoyuan International Airport. The project will build on previous initiatives from as far back as 2016 and enhance the airport’s security and operational efficiency, reinforcing its status as a premier hub in Asia.

The second project focuses on collaborating with a leading telecom company to expand core network investigation systems for a national law enforcement agency in Taiwan. This initiative, part of Gorilla’s Smart Policing Solutions, will deliver a standardized and compliant system to ensure that telecom infrastructure meets the stringent requirements of law enforcement agencies. This project exemplifies Gorilla’s commitment to supporting public safety through innovative technology, providing comprehensive and secure communication networks nationwide.

“These wins reflect our commitment to innovation in Artificial Intelligence and Cybersecurity and our ability to deliver solutions that meet the critical needs of our clients. We are proud to continue our work in enhancing Taiwan’s security infrastructure,” said Jay Chandan, CEO of Gorilla Technology.

“These projects showcase our expertise and dedication to driving positive outcomes for our clients and the communities they serve. Gorilla Technology remains at the forefront of delivering impactful AI-based technology solutions,” added Andru Chiang, VP of Business Growth Taiwan.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about future revenues, our ability to attract the attention of customers and investors alike, our expectations to swing to profit in the quarters ahead, Gorilla’s strategic shift to enable it to pursue larger projects with better revenue visibility, Gorilla’s largest projects and ability to win additional projects and execute definitive contracts related thereto, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

Taiwan’s XR Startups Shine at AWE Asia 2024 in Singapore

Wide variety of creative new AR, VR, and MR technologies and products revealed, to acclaim


TAIPEI, TAIWAN – Media OutReach Newswire – 4 September 2024 – Taiwan’s official XR EXPRESS project highlighted technology and products from four XR startups at AWE Asia 2024 in Singapore from August 26-28, 2024. These companies are experts in XR (Extended Reality) fields, including; AR (Augmented Reality), VR (Virtual Reality), and MR (Mixed Reality). The chosen Taiwanese startups were TianYen, LightGen, Barking Dog Technology, and MomentX. The XR EXPRESS TW program is a government project advised by Taiwan’s National Development Council (NDC).

Taiwan’s XR Startups Shine at AWE Asia 2024 in Singapore
Taiwan’s XR Startups Shine at AWE Asia 2024 in Singapore

LightGen’s AR Digital Twin World
LightGen’s digital twin world system stitches the virtual world with the real world. The high degree of integration of virtual objects with reality brings a tangible “what you see is what you get” process to AR. Applications include education and training, exhibition hall navigation, amusement park multiplayer entertainment, and more.

“Seeing so many innovative applications of Mixed Reality from international companies at AWE Asia, we were very happy to participate, and we look forward to more business cooperation,” said LightGen’s Business Development Manager, Ray Chen.

TianYen: Applied Mixed Reality
With over a decade of expertise in international interactive new media technology, TianYen applies mixed reality projection, holographic display technology, interactive projection mapping, and AR to diverse fields including exhibitions, entertainment, corporate training, retail, and advertising. For example, TianYen’s mixed reality projection system and projection mapping technology can be used to create eye-catching exhibition displays, enhancing visitor engagement and experience, transforming an exhibition booth into a focal point.

“Participating in AWE showcased our mixed reality light and shadow technology, receiving significant attention,” said David Ni, CEO of TianYen. “We are committed to advancing global digital creative technology and collaborating with more international partners.”

MomentX, Virtual Human Technology
MomentX’s comprehensive Software as a Service (SaaS) platform features: An advanced conversational AI engine with context-aware multi-turn dialogue capabilities powered by Large Language Model (LLM) support; Virtual human technology supporting Vtuber Avatars and 3D virtual humans; and precise directional audio capture and user gesture recognition.

James Jin-Wei Lee, Founder and CEO of MomentX, said: “The distinguishing feature of our AI Agent virtual human is its ability to provide a consistent user experience across smart devices and XR environments. We’re delighted that this exhibition allowed us to explore business opportunities with a diverse range of industry players and business owners”.

The company’s technology has cross-platform compatibility across web, mobile applications, touch screens, and MR environments, and robust integration for easy connectivity with enterprise systems. The hybrid cloud and edge architecture ensures scalability and low latency.

Barking Dog Technology Merges AI With XR
Barking Dog’s “AI Amaze” virtual human service platform offers a comprehensive AI+XR solution to enhance enterprise efficiency, reduce costs, and engage target audiences. It supports cross-platform devices and provides real-time, AI-generated virtual human services, backed by a dedicated knowledge base. Customer data is collected for precision marketing and management, driving revenue and savings.

The company’s J7EF Plus smart glasses feature 6-direction gesture recognition for touchless control on Android devices. The Time-of-Flight (ToF) sensor enhances spatial information by detecting object distances and helping to divide scenes into zones, thus enabling innovative AR smart spaces.

Applications of Barking Dog’s XR+AI technology include: tourism guidance, business promotion, marketing interaction and customer service, education, training, and personal assistance.

Successful and Productive AWE Asia Show
The innovative new technology Taiwan’s XR startups revealed for this rapidly-expanding and developing field helped them attract great interest at the event. They made strong connections with many potential new customers, and strengthened bonds with existing partners.

“Having the opportunity to showcase AI hybrid AR technology at this XR exhibition platform is truly exciting,” commented Vince Xu, Senior Manager of Barking Dog. “The chance to interact with major industry players on-site also opens up more potential business opportunities for us.”
Hashtag: #technology #AR #VR #MR

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

About LightGen

Light Generation Co., Ltd. (LightGen) is committed to the research and development of laser beam scanning LBS AR service systems, exclusive light decoding positioning technology, and the establishment of physical spaces, vehicles (mobile phones, glasses, robots), virtual The object co-ordinate platform develops a digital twin world editor to quickly connect game development and commercial business in the augmented environment, becoming the best entrance to the digital twin world.

About Barking Dog

Barking Dog Technology Inc, known for developing XR+AI integrated interactive content, was established six years ago. Recently, the company launched the “AI Amaze Ambassador” virtual human service platform, incorporating the latest ChatGPT generative language model technology. Using a proprietary vector retrieval architecture, the company has developed AI intelligent customer service applications suitable for a wide range of uses, including tourism guidance, business promotion, marketing interaction, customer service, education and training, and personal assistance.

About MomentX

MomentX is a Taiwan-based startup founded in 2024, headquartered in Taipei. The company focuses on developing a SaaS platform for generative AI and conversational AI agents, aiming to enable small and medium-sized enterprises (SMEs) to easily deploy web and virtual human AI agents. MomentX’s mission is to bridge the gap between cutting-edge technology and humans and organizations in an era of rapid technological advancement, allowing more people to quickly and easily leverage new technologies. The company’s vision is to empower one million SMEs to deploy AI agents by 2026.

About TianYen

TianYen is active not only in media advertising, arts and fashion, but also in culinary tourism, high-profile events, high-end parties, and commercial space design. The company crafts a unique “Mixed Reality Metaverse” for users, ensuring every interaction is unforgettable. TianYen pioneers cutting-edge technological marketing strategies that make client brands stand out.

About XR EXPRESS TW

XR EXPRESS TW is a governmental project advised by the National Development Council (NDC) of Taiwan as part of its industrial innovation drive. The goal is to optimize the country’s XR ecosystem and strengthen global connections. The Taiwan Association for Virtual and Augmented Reality (TAVAR), the largest XR association in Taiwan, plays the key executive role in the project. XR EXPRESS brings together the dreamers, gathers the forces of creativity, and builds a platform where the impossible can be achieved. On this journey, XR EXPRESS will engage with the world, elevate to a higher plane, and explore the universe without limitations. The vision: Bound for innovation, move without limitation.

Hebei-Chengde Hosts “Coordinated Development of the Beijing-Tianjin-Hebei Region” 10th Anniversary Series Special Exhibition


CHENGDE, CHINA – Media OutReach Newswire – 3 September 2024 – Last month, the “10th Anniversary Exhibition Season for Coordinated Development of the Beijing-Tianjin-Hebei Region” jointly planned by the Chengde Provincial Cultural Heritage Administration, the Chengde Summer Resort Museum, the Palace Museum, and others, officially opened in the Pine Crane Temple scenic area of the Chengde Summer Resort.

The exhibition lasts to October 8th. In this exhibition, many precious cultural relics that had been “away from home” for centuries returned to the Summer Resort for the first time, and three pairs of clocks that had been separated for hundreds of years were “reunited”, bringing the audience a deep and emotional dialogue across time and space.

The Chengde Summer Resort
The Chengde Summer Resort

The Chengde Summer Resort and the Palace Museum were once inseparable in the history of the Qing Dynasty. During the reign of Kangxi, Yongzheng, Qianlong, and Jiaqing, spanning over 150 years, the resort was known as the “Summer Palace”.

The Summer Resort is characterized by its simplicity and elegance, embracing the essence of natural landscapes, making it the largest existing imperial garden in the world. As such, the Summer Resort and the Palace Museum are regarded as the epitome of the intersection and resonance of historical and cultural heritages. Particularly during the Qianlong era, Emperor Hongli and the entire imperial court spent almost more than five months every year at the Summer Resort, leading to the conduction of imperial affairs, guest receptions, ethnic and diplomatic matters, among others, mostly taking place there. Consequently, a vast collection of treasures from the Palace Museum also made their way to Chengde.

Copper gilt and Inlaid Mother-of-Pearl Potted Watch
Copper gilt and Inlaid Mother-of-Pearl Potted Watch

As two centers of politics and court life in the Qing Dynasty, the Forbidden City and the Summer Resort both historically housed a vast collection of self-striking clocks, which shared the same origin and were indistinguishable from each other. In the exhibition, the paired clocks of the same design were surprisingly displayed together, marking the “reunion” of the brotherly clocks that had been separated for centuries.

The “reunion” of clocks and the “return” of imperial seals, these treasures jointly bear witness to the historical ties between the Summer Resort and the Forbidden City, as well as the changes of dynasties and the passage of time. Today, in this serene space, they have gathered once again, allowing us the privilege of listening to those dusty tales and feeling the weight and warmth of history.
Hashtag: #Chengde

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

Prime Minister Urges Education Reform, Accountability for New School Year

Lao students (Photo: Xinhua)

Lao Prime Minister Sonexay Siphandone has called for reforms in the country’s education system as the new school year commenced on 2 September. In his address, the Prime Minister emphasized the need for improved standards and greater accountability across the sector.

Monsoon Wind Power Project in Laos to Start Ahead of Schedule

Monsoon Wind Power Project in Laos to Start Ahead of Schedule
Monsoon wind power project in Laos (photo credit: The Next Media)

The 600 MW Monsoon wind power project in Laos is set to start trial operations in late December, two months earlier than the initially planned February 2025 launch. The updated timeline was announced during a project review meeting with Vietnam Electricity (EVN) on 28 August.