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Enterprises Impressed with New Developments and World-Class Business Environment in Qianhai, Shenzhen


SHENZHEN, CHINA – Media OutReach Newswire – 2 September 2024 – The Plan for Comprehensively Deepening Reform and Opening-up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (hereinafter referred to as the “Qianhai Plan”) was officially released on September 6, 2021. Over the past three years, the GDP, fixed asset investment, and imports & exports of Qianhai have grown at an average annual rate of over 10%, over 15%, and 14.3%, respectively. Enterprises in Qianhai, Shenzhen have been impressed by the remarkable improvements in the business environment. Qianhai has been on a fast track of creating a world-class business environment through a series of measures, such as establishing China’s first “one-stop service” platform for foreign investors, and improving services throughout the full life cycle of enterprises.

Landscape of Qianhai, Shenzhen, China
Landscape of Qianhai, Shenzhen, China

“We have greatly benefited from the business environment provided by Qianhai,” said Sun Jinjun, Chief Representative of the Holman Fenwick Willan LLP Shenzhen Representative Office. “I often have colleagues from other countries and both Chinese and foreign clients attending meetings at our Qianhai office, and they often praise the office environment here. Meanwhile, the Qianhai Authority often organizes corporate seminars and policy presentations, providing great support for enterprises in terms of software,” he said.

According to Sun Jinjun, the highlights of Qianhai’s business environment include its institutional innovation capabilities, fast and efficient problem-solving abilities, its advantageous geographical location connecting with Hong Kong and Macao, and its professional government service team. “All policies need to be implemented by dedicated personnel. We received professional, seamless services while establishing our Qianhai office,” he added.

Similarly, many other enterprises in Qianhai are also deeply impressed by its outstanding business environment. First, Qianhai has developed various forms of modern service industries such as finance, law, talent, and logistics. Second, it boasts a series of institutional mechanisms that align with those in Hong Kong, Macao, and the international community. The Qianhai Global Service Providers (QGSP) program aims to introduce and cultivate eight types of global service providers including modern financial services, trade and logistics, information services, sci-tech services, cultural and creative services, commercial services, shipping services, and public services. A total of 167 leading enterprises or institutions under these categories, such as KPMG and UBS, have delivered relevant services in Qianhai. Overall, a new world-class business environment ecosystem has taken shape.

According to a recent evaluation by PwC using the World Bank’s business environment indicators, Qianhai’s total score was close to that of Singapore and Hong Kong. The 2023 Business Environment Blue Book for Qianhai Cooperation Zone released by PwC highlights Qianhai’s excellent overall business environment, and significant progress in Shenzhen-Hong Kong cooperation, and indicates that the goal of creating a globally competitive business environment by 2025, as set out in the Qianhai Plan, is nearly achieved.

As the business environment improves, a growing number of Hong Kong residents are choosing to start businesses in Qianhai. Elvis Yu, Founder of INSPRO and a young Hong Kong resident, is one of them. “Qianhai offers the talents, policies, capital, and market that we need for our startup. Thanks to its proximity of geography and culture, we can start our business faster. After three years of development in Qianhai, we now hold more than ten patents, and our revenue this year has exceeded 10 million yuan,” he said during an interview.

“We are eager to see further advancements in Qianhai’s business environment. Qianhai can go further by actively aligning with high standards both domestically and internationally,” said Sun Jinjun. With the implementation of more industrial support policies in areas such as finance, trade logistics, and professional services, Qianhai is bound to have broad prospects for creating a world-class business environment.

Hashtag: #QianhaiPlan

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

“SCG – CPAC” and “Samsung E&A” sign MOU to bolster 3D printing technology and special cementitious materials in global market


BANGKOK, THAILAND – Media OutReach Newswire – 2 September 2024 – On behalf of CPAC, a cement and building materials company under Siam Cement Group (SCG), Mr. Thammasak Sethaudom, President & CEO of SCG (second from the left), and Mr. Surachai Nimlaor, President of SCG Cement and Green Solution Business (first from the left), signed the Memorandum of Understanding (MoU) with Mr. Hong Namkoong, President and CEO of SAMSUNG E&A Co., Ltd. (second from the right) and Mr. Dong Hyun Kim, Executive Vice President Engineering Technology Division of SAMSUNG E&A Co., Ltd. (first from the right) for the collaboration on 3D Printing and special cementitious materials commercialization opportunities, which brings South Korea-based SAMSUNG E&A company’s international expertise in end-to-end construction solutions and CPAC’s over 100 years record of excellence in cement and concrete products and technology together to elevate the standard of the Thai construction industry to match the global level, on the 21st Floor, SCG Headquarter Bangkok Thailand, on August 21, 2024.

MOU Signing Ceremony CPAC x Samsung E&A

This MOU shows that both companies have shared the same vision in driving the world’s sustainable construction future with new innovation and technology, particularly 3D printing technology that provides higher efficiency in production and minimizes errors by enabling the automation process from digital file generated by a computer software. This can also help to solve the skilled workforce shortage, shorten the construction period, and reduce construction waste and construction costs compared to traditional construction. The MOU also includes the research collaboration on materials science, machinery and equipment as well as the knowledge sharing about 3D printing construction and special cementitious materials. SAMSUNG E&A plans to use 350 tons of its patented 3D printing mortar, which can develop complex-designed structures with ultra-high strength, for the construction of a building in Saudi Arabia. For this project, CPAC will provide technology consultation support about 3D printing, Engineering Consultation, and Project Evaluation Support to professional services in architectural design and other aesthetic considerations.

From left to right
1. Mr. Surachai Nimlaor President of SCG Cement and Green Solution Business
2. Mr. Thammasak Sethaudom President & CEO of SCG (Siam Cement Group)
3.Mr. Hong Namkoong President and CEO of SAMSUNG E&A Co., Ltd.
4.Mr. Dong Hyun Kim Executive Vice President Engineering Technology Division of SAMSUNG E&A Co., Ltd.
Hashtag: #SCG #CPAC #SamsungE&A

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

Dollars over diet? Prudential poll finds that only 15 per cent prioritise wealth over good health

SINGAPORE – Media OutReach Newswire – 2 September 2024 – The motivation to grow our wealth to prepare for the future is deeply engrained in many Singaporeans, yet does this same tenacity extend to preserving our health for our golden years? Afterall, what is wealth without good health? This question was explored in a recent May 2024 poll1 commissioned by Prudential Singapore. One thousand Singapore residents, aged 20 to 65, were surveyed about how much they value financial success versus staying healthy.
Surprisingly, when asked to choose between the two, less than one in five Singaporeans said they prioritise wealth over good health. Among those who do, 64 per cent believe that money solves most problems, including health issues, and 58 per cent say it provides financial security for them and their loved ones.
On the flipside, the majority, or more than four in five respondents, see good health as more important than wealth (85 per cent). Among this group, 61 per cent view well-being as the foundation for pursuing other life goals. They also recognise that unlike wealth, health is tougher to improve once it worsens (61 per cent).

Good health considered more easily within reach than wealth
Close to two-thirds of the Singaporeans surveyed also said that achieving good health is easier than wealth (63 per cent). They view health as more controllable through personal actions like diet and exercise, while wealth depends on external factors such as the economy and job market (76 per cent).

Meanwhile, those who think achieving wealth is easier are tempted by the promise of quick returns (53 per cent) and the belief that it takes less effort (51 per cent).

Mr Jeff Ang, CEO of Prudential Financial Advisers Singapore*, said: “We want to raise awareness that it is just as important to have a lifelong fitness plan as it is to have a long-term financial plan. Our ability to fund our retirement and future medical needs are very much tied to the actions we take today to achieve health and financial stability. It takes effort but it’s worth it in the long run. Start planning early, engage professional advice for your medical coverage and financial needs, and spend time on self-care. That way, you can enjoy a fulfilling life with good health and sufficient funds to smell the roses.”

Although it is good news that most respondents see good health as a more attainable goal than wealth, Professor Teo Yik Ying, Dean of Saw Swee Hock School of Public Health at the National University of Singapore, offers a different perspective.
“Singaporeans know that health matters, but the real test is whether this awareness leads to tangible changes in their attitudes and actions towards health. Some people, who think it is easy to stay healthy, might put off important steps for their well-being to focus on building wealth, which they find more challenging. But the truth is, staying healthy is a lifelong commitment that involves making consistent, healthy choices,” said Professor Teo.
Can we achieve the best of both worlds?
Most Singaporeans can agree it is not a binary choice between health and wealth. Some 77 per cent of respondents believe they can achieve both if they have a structured plan in place (61 per cent), and that success in one area will lead to victory in the other (56 per cent).
Beyond their own personal efforts, the respondents recognised the importance of support from key stakeholders to help them achieve the best of both worlds.
  • Employers: 72 per cent seek flexible working hours and 60 per cent desire a flexible staff benefits package to better manage their wealth and health
  • Government: 60 per cent hope the government can implement policies to encourage a balance between work and health in the workplace
  • Insurance providers: 53 per cent appreciate financial incentives for achieving healthy habits, as well as flexible health coverage options
Commenting on how bosses and businesses can benefit from focusing on their employees’ well-being, Professor Teo said: “Employers play a big role in supporting employees’ holistic well-being, whether it is physical, mental or financial health. We’ve moved beyond the productivity conversation to creating workplaces where people feel empowered to take charge of their well-being. Having flexible working arrangements and benefit packages are essential to building a healthier and sustainable workforce.”

Prudential Singapore provides flexible working arrangements to enhance employee well-being. Its flexi-time approach recommends employees spend one day in the office collaborating with their team and another day in the office for meetings, while other days can be spent working from home. Additionally, the PRUAnywhere programme gives employees the option of access to alternative bookable workspaces across Singapore.

Added Mr Ang: “A collaborative approach between all stakeholders in society to help people achieve a more well-balanced life will pave the way for a wealthier, healthier and hopefully, happier, Singapore.”
Prudential Financial Advisers Singapore is the financial advisory arm of Prudential Singapore. It was set up in April 2023 to help address the health and wealth needs of clients at every stage of their life.

Hashtag: #PrudentialSingapore #BestofBothWorlds




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

About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)

Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 93 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$53.3 billion funds under management as at 31 December 2023. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,200 financial representatives.

About Prudential Financial Advisers Singapore

Prudential Financial Advisers Singapore is the financial advisory arm of Prudential Singapore, one of Singapore’s leading life insurance companies. The company offers customers a range of insurance products and wealth advisory services. Prudential Financial Advisers Singapore is licensed and regulated by the Monetary Authority of Singapore (MAS).

DHL Express names new Asia Pacific operations head, highlights commitment to boost air network robustness

  • Peter Bardens will oversee Asia Pacific’s air network and ground operations, effective September 1, 2024
  • Peter takes over from Sean Wall, who will manage global ground operations, effective January 1, 2025

SINGAPORE – Media OutReach Newswire – 2 September 2024 – DHL Express, the world’s leading international express service provider, is pleased to appoint Peter Bardens as the Senior Vice President for Asia Pacific Network Operations & Aviation, effective September 1, 2024. Peter will bring his extensive experience from managing ground operations in Europe to lead the Asia-Pacific region’s high-achieving aviation network and ground operations. He will also join the DHL Express Asia Pacific Management Board.

Peter Bardens is the Senior Vice President for Asia Pacific Network Operations & Aviation, DHL Express
Peter Bardens is the Senior Vice President for Asia Pacific Network Operations & Aviation, DHL Express

Based in Singapore, Peter takes over the reins from Sean Wall, who will move on to a global role to oversee ground operations, effective January 1, 2025. Sean will continue to be based in Singapore. These appointments reflect DHL Express’s dedication to talent mobility by leveraging skillsets across different markets and ensuring the continuity of its global operations.

“We own a strong, well-oiled aviation and ground operations network that facilitates global trade flows and movement of crucial shipments round the clock. The efficiency and reliability of our network are vital to a growing customer base looking to buy and sell from anywhere in the world. Peter has a proven track record of delivering results and driving operational excellence in Europe. His competence in operations planning and people-first leadership approach will be instrumental to bolstering our Asia-Pacific network and meeting our customer demands,” said Ken Lee, CEO, Asia Pacific, DHL Express.

DHL Express is constantly investing in its Asia Pacific aviation network and facilities to optimize capacity and efficiency, such as introducing direct flights between Hong Kong and Sydney to cater to Oceania-North Asia demand. The largest infrastructural investment is the Central Asia Hub, which received a total of EUR562 million of investment and saw a further expansion in 2023. DHL Express also injected EUR131 million of investment to expand its Incheon Gateway in South Korea in 2023, and most recently, opened the new Adelaide Gateway in Australia with more than EUR20 million of investments. This coming October 2024, the company will unveil the new Kuala Lumpur Gateway in Malaysia.

In his new role, Peter heads the ground and aviation network in Asia Pacific, comprising more than 25 freighters, 7,200 pick-up and delivery vehicles, and 1,100 facilities. The facilities form a robust, connected system of 50 gateways and three main hubs in Bangkok, Hong Kong and Singapore, where approximately 710 flights pass through per day. The network is integral to transporting and delivering thousands of cross-border shipments daily between Asia Pacific and the rest of the world.

“Asia Pacific’s logistics is highly demanding. I am honored to lead and guide the passionate and adaptable team here that has constantly shown a positive attitude to operate and deliver with precision, and relentless efficiency. I am confident that my vast network and ground operations planning background will help guide the team to navigate this landscape’s ever-evolving market demands,” said Peter Bardens, Senior Vice President, Asia Pacific Network Operations & Aviation, DHL Express.

Prior to taking up the new appointment, Peter served as the Vice President of Ground Operations, Europe, where he oversaw the Cologne-Bonn and Paris-Charles de Gaulle hubs. Under his leadership, these facilities underwent significant improvements in safety, service quality, efficiency, and employee satisfaction. Peter was also instrumental in the investments and development infrastructure in Europe, while aligning operational requirements with legislative changes in the region.
Hashtag: #DHL

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

DHL – The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.

DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

On the internet:

MAG Receives Funding to Expand UXO Clearance in Khammouane, Laos

MAG Receives Funding to Expand UXO Clearance in Laos
Mr. Bounpheng Sisawath, Acting Director-General of the National Regulatory Authority (NRA) for the UXO/Mine Action Sector, and Mr. Eli Mechanic, MAG Country Director sign an MOU to implement Freeman Foundation and Restoration Laos funding for UXO operations in Khammouane Province, 30 August 2024.

The Mines Advisory Group (MAG) has secured over USD 800,000 from the Freeman Foundation and Restoration Laos to fund UXO clearance and explosive ordnance disposal (EOD) in Khammouane Province for 2024-2025.

Ministry of Energy and Mines Considers Electricity Price Adjustments for 2024-2028

Electric poles (Photo: The Phnom Penh Post)

The Ministry of Energy and Mines (MEM) is exploring changes to electricity prices for the 2024-2028 period to ensure the long-term sustainability of electricity generation and supply.

DYX TECHNOLOGY Merges with DYXnet’s Taiwan Branch

Committed to Excellence in Service and Strengthening Industry Leadership


TAIPEI, TAIWAN – Media OutReach Newswire – 2 September 2024 – DYX TECHNOLOGY PTE. LTD., a Singapore company, announces the successful acquisition of the Taiwan branch of DYXnet, a leading carrier-neutral network service provider in the Greater China region. Effective on September 1, 2024, the branch will operate as DYX TECHNOLOGY PTE. LTD. TAIWAN BRANCH (hereafter referred to as “DYX Taiwan”). This merger is a strategic move to create synergies and provide customers with more professional and comprehensive services.

Strengthening Partner Ecosystem while Customer Rights and Services Remain Unaffected

This merger will not impact the rights of existing customers. The sales and technical teams at DYX Taiwan will be the original staff from DYXnet’s Taiwan branch, ensuring product and service standards remain unchanged. Additionally, DYX Taiwan has been authorized as the sole distributor for DYXnet in Taiwan, continuing to deliver outstanding services to enterprises in the region.

In the face of global competition, the collaboration not only offers customers a broader array of products and services but also strengthens the partner ecosystem for both companies, providing diverse support for future business development and further solidifying the leadership position in the industry. The DYX Taiwan team will continue to customize the best-fit solutions for clients across various sectors, utilizing exceptional technology and services to create high-quality, cost-effective solutions that help Taiwan’s businesses explore new opportunities.

Hashtag: #DYXTECHNOLOGY #DYXnet

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

About DYX TECHNOLOGY PTE. LTD. TAIWAN BRANCH

Established in 2024, DYX TECHNOLOGY PTE. LTD. TAIWAN BRANCH is the former Taiwan branch of DYXnet and serves as a carrier-neutral network service provider. Upholding the commitment to excellence to meet the growing market demands of customers, the company is dedicated to offering enterprise network services that connect clients globally, including Multi-Protocol Label Switching (MPLS), Software-Defined Wide Area Networks (SD-WAN), and data centers, cybersecurity, cloud, and AI solutions. For more information, please visit the official website at .

Ontech Introduces New High-Performance CEMF Sensor ASIC, Driving Innovation and Market Reach Across Multiple Growth Industries

SINGAPORE – Media OutReach Newswire – 2 September 2024 – Ontech Group, a global leader in electromagnetic field sensor technology, today announced a significant breakthrough with the launch of a new family of 128-channel Application-Specific Integrated Circuits (ASICs), designed to significantly enhance the technical capabilities and commercial benefits of its revolutionary Controlled Electromagnetic Field (CEMF) sensor.

Designed to meet market demands in growth industries such as health technology, wearable devices, and personal computing, the new ASICs deliver unprecedented precision and flexibility. Featuring enhanced resolution, reliability, and accuracy, the new ASICs also provide a larger sensing area per chip and a smaller form to simplify integration.

These advancements enable CEMF sensors to offer up to double the resolution and accuracy in a wider range of devices and applications, when compared to the leading short-range sensor technologies in this segment.

“The requests for new ways to overcome existing sensor limitations was the key driver in developing this new family of ASICs,” said Dr. Juan Aponte, CTO and co-founder of Ontech. “Our customers need to meet surging demand for features like high-resolution and high precision 3D physicality sensing, low power consumption and easier integration. We have transformed our CEMF sensor technology to empower innovations that could redefine sectors such as health technology and personal electronics.”

Expanding Market Applications

Ontech’s new 128-channel ASIC builds on CEMF’s abilities to simultaneously detect, track, map, and measure both external and internal features. It significantly boosts the existing commercial benefits of CEMF in a wide array of industries, including health technology, consumer electronics, robotics, wearables, power tools and IoT/ IIoT.

Ontech has secured confidential collaborations with leading consumer, industrial, and technology companies to use the new ASICs. These partnerships pave the way for a leap forward in human-machine interaction.

“We are excited to see how our customers will leverage these chips to create innovative solutions that will shape the future of human-machine interaction.” said Martin Wikstroem, CEO and co-founder of Ontech. “One customer is creating a novel gesture-controlled personal device that demands spatial sensing in high-definition at very close range, works in any light, through obstructions, and complies with strict biometric privacy rules.”

Specifications

The new 128-channel ASIC family builds on the high standards set by Ontech’s previous 32 channel ASIC. Improved capabilities of the 128-channel family include a compact 1.5 mm2 form factor, HV-CMOS technology with 0.13μm, voltage up to 3.3V, flexible scan sequences of up to 32 steps, and an acquisition frequency of up to 2GHz. Additionally, peripheral blocks such as LDOs, clocks, and references have been integrated to minimise the PCB space required for customers to incorporate the CEMF sensor, while the new ASIC core itself is designed for a high degree of application-specific customisation.

Hashtag: #ontech

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

About Ontech

Ontech Group is the pioneer of Controlled Electromagnetic Field (CEMF) sensing, a unique technology that revolutionises interactions between humans, machines, and technology. With offices and R&D centres worldwide, Ontech is a leader in electromagnetic field technology and a disruptor in near-field detection. Our mission is to empower the world’s most innovative leaders and engineers to create safer, more functional, and energy-efficient technologies. Protected by over 100 international patents, Ontech’s proprietary CEMF sensors drive change across multiple industries, including health tech, automotive, consumer devices, and more.