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Aon appoints Magnus Roe as Global Chief Data and Analytics Officer Based in Singapore


SINGAPORE – Media OutReach Newswire – 21 November 2024 – Aon plc (NYSE: AON), a leading global professional services firm, today appointed Magnus Roe as global chief data and analytics officer. This appointment is part of the firm’s strategy to advance its commercial solutions with analytical capabilities and empower clients to make better decisions.

Magnus Roe
Magnus Roe

Roe will be based in Singapore, Aon’s global analytics hub, and lead Aon’s global data and analytics team to innovate and leverage the firm’s expertise and capabilities to serve clients and support colleagues. Roe will report to Mindy Simon, Chief Operating Officer at Aon, and our solution lines, working closely with Andy Marcell, CEO of Risk Capital, and Lambros Lambrou, CEO of Human Capital.

Simon said, “Magnus brings extensive experience as the former head of strategy for risk analytics, where he showed remarkable leadership and vision for the firm, shaping the strategic path for reinsurance analytics and future capabilities for Commercial Risk Solutions. We are excited about the expertise and leadership Magnus brings to this role and the opportunity to accelerate Aon’s full breadth of data and analytics solutions for our clients.”

In his new role, Roe will integrate AI, data governance, data strategy and analytics into Aon’s data and analytics strategy. This will include close collaboration with Aon’s Risk Capital and Human Capital analytics teams to ensure the firm’s data capabilities provide actionable insights to its clients. Roe will also continue to coordinate Aon’s data privacy expertise with law and compliance, enabling the firm to manage complex risk and regulatory environments.

Roe said, “There is great momentum at Aon, particularly surrounding our investments and strategy around Aon’s Centre for Innovation and Analytics. I am thrilled to lead this exceptional team as we continue to innovate at scale, leveraging our global expertise and proprietary capabilities to advance how we serve clients and enable colleagues.”

Roe served most recently as head of strategy for risk analytics at Aon. Previously, he served as global COO for reinsurance analytics to deliver solutions and analytics to Aon clients and colleagues.
Hashtag: #Aon

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

About Aon

(NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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Disclaimer
The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.

“Blessed Xizang, Loving Shannan”: The Cultural Tourism & Investment Promotion Event for Shannan City, Xizang Autonomous Region, China Successfully Held In Thailand


BANGKOK, THAILAND – Media OutReach Newswire – 21 November 2024 – On November 18, 2024, “Blessed Xizang, Loving Shannan”: The Cultural Tourism & Investment Promotion Event (Thailand) for Shannan City, Xizang Autonomous Region, China, organized by the Shannan Municipal People’s Government, was successfully held in Bangkok, Thailand.

"Blessed Xizang, Loving Shannan": The Cultural Tourism & Investment Promotion Event for Shannan City, Xizang Autonomous Region, China Successfully Held In Thailand

Attendees included CI REN, Deputy Mayor of Shannan Municipal People’s Government, LA YUAN, Secretary of the Party Leadership Group and Deputy Director-General of the Shannan Municipal Bureau of Culture and Tourism, PU QIONG, Secretary of the Party Leadership Group and Deputy Director-General of the Shannan Investment Promotion Bureau, andYU ZHEN, General Manager of Shannan Tourism and Culture Investment Co., Ltd. and Shannan Guolv International Travel Agency Investment Co., Ltd., along with other officials from relevant departments; Miss THARINEE SOMBOON, Deputy Executive Director for East Asia Region, Tourism Authority of Thailand, CHEN MEIJUAN, Director of Member Services at the Thailand Tourism Association; and representatives from China Travel Service (Thailand) Co., Ltd. and local travel agencies as well as tourism enthusiasts, totaling nearly a hundred participants.

The event commenced with a presentation of intangible cultural heritage (ICH) dance and music videos from Shannan City, which set the stage for the promotion. Accompanied by enchanting melodies, graceful movements, and exquisite ethnic costumes, the vibrant cultural heritage was showcased in full splendor, captivating the audience and evoking their admiration and aspirations.

Located in the southern part of the Xizang Autonomous Region along the middle reaches of the Yarlung Zangbo River, Shannan City derives its name from its position south of the Gangdise Mountains. It shares borders with India and Bhutan and is the closest prefecture-level city to Lhasa, the capital of the Xizang Autonomous Region, positioning it as the economic core of central and southern Xizang. The region features unique snow-covered plateau scenery and a wealth of scenic sites, and its sacred mountains and lakes are famous, including the towering Kula Kangri, the jade-like Yamdrok Lake, and the magnificent Zhari Namco. In addition, renowned as the “cradle of the Xizang people and the source of Xizang culture,” Shannan boasts numerous historical “firsts,” including the first farmland, the first village, the first Xizang king, the first palace, the first temple, the first scripture, and the first Xizang opera, positioning it as a vital site for the preservation of unique Chinese ethnic culture.

In his speech, Deputy Mayor CI REN highlighted that Shannan City is dedicated to showcasing its unique natural and cultural treasures, striving to establish itself as a “distinctive area within a world-class tourism destination” by world-class tourism resources. Thailand, as a significant economy in Southeast Asia and a key nation along the Belt and Road, also serves as an important source of tourists for China. We highly value our exchanges and cooperation with Thailand. We aim to capitalize on the facilitative conditions of visa-free travel between China and Thailand to foster mutual interactions and exchanges, bringing close cooperation between Shannan City and Thailand in areas such as reciprocal tourism, resource sharing, joint market development, and brand co-creation.

The event featured a “Roots of Xizang Culture” exhibition area showcasing Shannan City, Xizang Autonomous Region. This included a photo zone, a cultural and creative product sales area, experiences with ICH costumes and folding fan painting, Xizang character classes. These diverse activities attracted numerous Thai travel agencies, allowing them to genuinely appreciate Shannan’s distinctive cultural heritage. During the event, tourism ambassadors from Shannan City offered an in-depth introduction to the region’s premium cultural tourism resources and travel itineraries, with particular emphasis on the supportive policies for the development of inbound tourism. At the conclusion, Shannan City exchanged gifts with Thailand, and both parties reached a consensus to collaboratively explore the inbound tourism market.

Finally, taking advantage of this opportunity, Shannan City in the Xizang Autonomous Region established a cultural tourism marketing and promotion center in Thailand. Concurrently, Shannan Guolv International Travel Agency Investment Co., Ltd. signed a tourism cooperation framework agreement with Dongyu Tourism Trade Co., Ltd. This indicates that both parties will pursue closer collaboration in areas such as the development of Shannan tourism products, reciprocal tourist exchanges, and brand development.

Following the meeting, Shannan City engaged in discussions with nearly 20 local Thai travel agents. Secretary PU QIONG presented an investment promotion, while General Manager YU ZHEN showcased Shannan’s tourism products. The Thai agents raised further inquiries regarding Shannan’s product offerings, entry procedures, types of reception services, and service standards. Shannan City responded proactively, affirming its readiness to welcome Thai tourists with the highest level of enthusiasm and service quality.

To deepen the impact of this promotional activity and facilitate mutual tourist exchanges and cultural interactions, Thailand will organize local travel agencies to undertake a site visit to Shannan City during the Xizang New Year, allowing them to experience its unique world-class natural landscapes and authentic local customs firsthand. Concurrently, during Thailand’s Songkran Festival, Shannan City will arrange for local travel agencies to explore Bangkok. It is hoped that this model of cultural exchange, resource sharing, and collaborative marketing will invigorate the inbound and outbound tourism market, establishing a solid foundation for deeper and more sustainable long-term cooperation.
Hashtag: #Shannan

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

Tsim Sha Tsui Ranked the World’s Fourth Most Expensive Shopping Street

  • Hong Kong’s Tsim Sha Tsui maintains a high global ranking position as the world’s 4th most expensive retail street; the area continued to top the APAC ranking as region’s the most expensive retail destination
  • Via Montenapoleone becomes the first European shopping street to top the rankings, overtaking New York’s Upper 5th Avenue
  • Rents increased in 79 of the 138 locations tracked, declining in just 19, with global average rental increase of 4.4%

HONG KONG SAR – Media OutReach Newswire – 21 November 2024 – Milan’s Via Montenapoleone, where rents have risen by nearly a third in the past two years, has overtaken New York’s Upper 5th Avenue to be crowned the world’s most expensive retail destination, according to Cushman & Wakefield (NYSE: CWK).

It is the first time a European street has topped the global rankings in the firm’s flagship retail report ‘Main Streets Across the World’. Now in its 34th edition, the report focuses on headline rents in 138 best-in-class urban retail locations across the globe, many of which are linked to the luxury sector, utilising Cushman & Wakefield’s proprietary data. The global index ranks the most expensive destination in each market.

Synonymous with fashion and luxury, Via Montenapoleone has steadily climbed the rankings in recent years, reaching second for the first time in 2023. Rents rose 11% to US$2,047 per square foot (psf) in the past 12 months, whereas rents on Upper 5th Avenue (US$2,000) remained flat for a second consecutive year. Alongside continuing strong retailer demand amid constrained supply, Via Montenapoleone also benefitted from the euro’s appreciation against the U.S. dollar.

London’s New Bond Street (US$1,762) leapfrogged Hong Kong’s Tsim Sha Tsui to take third, despite the latter’s positive rental growth. With 10% year-on-year (YOY) rental growth, Paris’s Avenue des Champs Élysées retained fifth position, although Tokyo’s Ginza district narrowed the gap with a 25% YOY increase.

Main Streets Across the World – Global Ranking by Market 2024

Global Ranking 2024 Global Ranking 2023 Location Rent (USD/sq.ft/yr) Rent (EUR/sqm/yr) YOY (LCY)
1 2 Via Montenapoleone, Milan $2,047 € 20,000 11%
2 1 Upper 5th Avenue (49th to 60th Sts), New York $2,000 € 19,537 0%
3 4 New Bond Street, London $1,762 € 17,210 13%
4 3 Tsim Sha Tsui (main street shops), Hong Kong $1,607 € 15,697 7%
5 5 Avenue des Champs Élysées, Paris $1,282 € 12,519 10%
6 6 Ginza, Tokyo $1,186 € 11,582 25%
7 7 Bahnhofstrasse, Zurich $981 € 9,585 1%
8 8 Pitt Street Mall, Sydney $802 € 7,832 0%
9 9 Myeongdong, Seoul $688 € 6,719 3%
10 10 Kohlmarkt, Vienna $553 € 5,400 5%

Source: Cushman & Wakefield

Competitive tension for limited space saw YOY rental growth recorded in 57% (79) of the 138 locations tracked, declines in just 14% (19), with the remainder 29% (40) flat. This resulted in a global average rental increase of 4.4%. Americas was the strongest performer regionally at 8.5%, driven by rental growth of almost 11% in the U.S. – more than double the 5.2% recorded last year – followed by Europe and Asia Pacific at 3.5% and 3.1% respectively. Rents across the 138 locations are now on average nearly 6% above pre-pandemic levels.

Global Outlook

Prime retail destinations have mostly successfully weathered the storm precipitated by interest rate hikes to curb inflation in 2022 and 2023, which led to a rapid increase in the cost of living, weak consumer sentiment and sluggish economic growth. Retail now stands to benefit from the gathering pace of interest rate cuts, economic recovery, easing cost of living pressures, and real wage increases.

Report author Dr. Dominic Brown, Cushman & Wakefield’s Head of International Research, said:Increased discretionary spending among consumers will further boost the performance of prime retail destinations. How quickly and strongly that feeds through into rental growth at a market level will vary due to local nuances and market dynamics. Growth at a global and regional level was led by the U.S. this year, but every region had really strong double-digit growth in certain markets – truly exceptional in some cases – and others where rents have slipped for one reason or another. However, performance at the very top end underlines that the strength of ‘prime’ continues to rise and we expect that to continue as conditions improve.”

Asia Pacific

Hong Kong continued to feature strongly on the global rankings, coming in at number 4 this year. John Siu, Managing Director, Hong Kong at Cushman & Wakefield, said, “We are pleased to see Hong Kong maintaining its position as one of the top retail destinations globally. This achievement underscores the resilience and attractiveness of Hong Kong’s retail market, even amidst a challenging business landscape. Looking ahead, we expect to see more leasing activities and an increasing importance of Chinese mainland brands and retailers entering the Hong Kong retail market, using it as a stepping-stone to promote their brands on the international stage. The ongoing recovery in tourist arrivals and the easing of economic headwinds are also expected to further support tourists’ spending sentiment and, consequently, the retail performance in the city’s core locations. As the retail market continues to evolve, we believe landlords will focus on customer experience and innovation to attract more new retailers and international brands.”

Rents closely reflected wider macroeconomic performance within the region. India has been the strongest major economy in the world this year, and Indiranagar 100 Feet Road in Bengaluru leads the region’s rental growth at 32% YOY. Rental growth across 16 tracked Indian locations averaged a 9% increase YOY. Southeast Asian economies also performed strongly, driven in part by robust domestic consumption, which has led to rental growth of up to 7% in Jakarta and between 1% to 5% elsewhere in the sub-region. Japan surprised by defying weak growth conditions. After four stable years, rents moved higher in 2024, led by Ginza at 25% YOY, while Osaka’s Midosuji recorded 9% growth.

Asia Pacific Ranking by Market 2024

APAC Ranking 2024 APAC Ranking 2023 City Location Rent (USD/sq.ft/yr) Rent (EUR/sqm/yr) YOY (LCY)
1 1 Hong Kong Tsim Sha Tsui (main street shops) $1,607 € 15,697 7%
2 2 Hong Kong Causeway Bay (main street shops) $1,430 € 13,965 3%
3 3 Tokyo Ginza $1,186 € 11,582 25%
4 4 Tokyo Omotesando $949 € 9,266 14%
5 6 Osaka Midosuji $830 € 8,107 9%
6 5 Sydney Pitt Street Mall $802 € 7,832 0%
7 8 Hong Kong Central (main street shops) $721 € 7,041 6%
8 7 Tokyo Shinjuku $711 € 6,949 0%
9 9 Seoul Myeongdong $688 € 6,719 3%
10 10 Seoul Gangnam Station $595 € 5,807 1%

Source: Cushman & Wakefield

Please click here to download the full report.
Hashtag: #Cushman&Wakefield

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit or follow us on LinkedIn ().

2024 Triggers First-Ever Insurance Payout for Disaster Fund


NEW YORK, US/GENEVA, SWITZERLAND – Media OutReach Newswire – 21 November 2024 – For the first time, an insurance payout has been triggered by the International Federation of Red Cross and Red Crescent Societies’ Disaster Response Emergency Fund (‘IFRC-DREF’), as demands for disaster relief surpassed its ‘deductible’ threshold.

A Bangladesh Red Crescent volunteer helps a lady away from her flooded home following Cyclone Remal. The response was part funded through an IFRC-DREF allocation Photo: BRCS
A Bangladesh Red Crescent volunteer helps a lady away from her flooded home following Cyclone Remal. The response was part funded through an IFRC-DREF allocation
Photo: BRCS

The IFRC-DREF is a vital fund that provides immediate funding for National Red Cross and Red Crescent Societies when disasters strike, especially for smaller-scale emergencies that may not attract global attention. Previously, the fund could run dry before year-end, prompting the IFRC to secure a groundbreaking — and humanitarian-sector first — indemnity insurance policy with Aon and reinsurers.

Since the start of 2023, and for an annual premium of CHF3m, the IFRC-DREF ‘pot’ has been insured on an indemnity basis. A potential payout of up to CHF15m is available if, or when, demands on the IFRC-DREF fund because of natural hazard-associated disasters hit a certain threshold — a ‘deductible’ set at CHF33m in one calendar year. For the rest of the calendar year, further demands on the IFRC-DREF for natural hazard disasters are covered by the insurance payout, up to that total maximum of CHF15m.

In 2023, the threshold was not reached so the policy did not pay out. But in 2024 it has been, with allocations to respond to Super Typhoon Yagi in Asia last week tipping IFRC-DREF spend over the insurance trigger threshold. Overall, there have been almost 100 separate IFRC-DREF allocations in 2024; combined those to respond to the impacts of eligible natural hazards have exceeded CHF 33m. When National Red Cross and Red Crescent Societies make further requests of the fund in September, October, November or December, allocations to respond to natural hazard disasters will be paid for by the commercial insurers, up to that CHF15m cap.

The IFRC’s Under Secretary General for Global Relations and Humanitarian Diplomacy, Nena Stoiljkovic, announced the insurance payout at an event at the United Nations General Assembly in New York on Wednesday.

Ahead of it, Ms Stoiljkovic said:

“The triggering of the IFRC-DREF insurance policy is a significant moment. For the first time ever a single, worldwide, commercial indemnity insurance policy will pay the emergency humanitarian costs of disasters. The scale of the needs caused by 2024’s disasters is sobering. But the fact the insurance is helping with the burden is good news and proof that there are innovative finance solutions that we hope to grow in coming years.”

The IFRC has plans to grow its IFRC-DREF insurance, to widen coverage beyond disasters caused by natural hazards — to epidemics and anticipatory action, for example. It hopes grant donors will see the added value of contributing to the IFRC-DREF fund if their humanitarian contributions could potentially be multiplied in particularly calamitous years.

Notes to journalists

In 2024, IFRC-DREF allocations so far have been paid, among others to:

  • Maldives Red Crescent to help deal with a Filariasis outbreak in January (CHF 299,986)
  • Chile Red Cross to help deal with wildfires in February (CHF 496,982)
  • Eswatini Red Cross to help with its drought response in March (CHF 546,683)
  • Iraqi Red Crescent to help with it deal with Flash Floods in April (CHF 499,900)
  • Honduran Red Cross to help it deal with a hospital fire in May (CHF 336,394)
  • Armenia Red Cross to help its response to floods in June (CHF 499,759)
  • Venezuelan Red Cross in the aftermath of Hurricane Beryl in July (CHF 270,049)
  • Philippines Red Cross after floods in August (CHF 738,170)
  • Cameroon Red Cross after floods in September (CHF 421,471)

The single largest allocation so far in 2024 was to the Sudanese Red Crescent after floods in September (CHF 943,271); the single ‘smallest’ allocation was the Red Cross of Equatorial Guinea after a shipwreck in July (CHF 24,962).

  • More data is available by searching ‘DREF’ under ‘Appeal Type’ at the ‘IFRC’s Go Platform’
  • 1 CHF = 1.19 USD
  • IFRC-DREF insurance is co-funded by InsuResilience Solutions Fund (ISF) to support project preparatory work, development and refinement of the insurance product as well as premium funding.
  • IFRC-DREF insurance is also made possible by generous support in paying the premium, particularly from the British Red Cross, the Danish Red Cross and the British government (FCDO).
  • IFRC-DREF has provided rapid and efficient funding to local Red Cross and Red Crescent Societies before and after disasters strike since 1979. However, with the increasing frequency and intensity of disasters, particularly due to climate change, the demand for humanitarian assistance continues to grow.
  • More information on IFRC-DREF insurance can be found here: IFRC-DREF Insurance

For more information, for interviews, for quotes from IFRC-DREF partners or for video of IFRC and Red Cross Red Crescent responses to disasters contact media@ifrc.org

Hashtag: #Aon #IFRC

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

Lloyd Austin Strengthens US-Laos Ties as China Declines Meeting

Lloyd Austin Strengthens US-Laos Ties as China Declines Meeting
US Secretary of Defense Lloyd J. Austin (left) and Minister of Defense Chansamone Chanyalath (right)

Laos and the United States are set to deepen their development cooperation within the framework of US-ASEAN relations, as US Secretary of Defense Lloyd J. Austin visited Laos on 19 November.

Oil market dynamics and future trends with global broker Octa


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 21 November 2024 – As a critical resource in the global economy, oil is integral not only to the energy sector but also to industries such as transportation, manufacturing, and agriculture. Changes in its prices impact inflation rates, production costs, and global trade. For instance, oil price increases can accelerate global inflation. This effect ripples through various sectors, with higher transportation and production costs driving up prices for goods and services worldwide. Kar Yong Ang, a financial market analyst at Octa Broker, deciphers current oil market trends, elucidating the economic and trading implications for market participants to consider.

Oil market dynamics and future trends with global broker Octa

Current state of the oil market
In 2024, the global oil market faces an intricate balance of supply and demand, with production hovering around 101.5 million barrels per day, closely mirroring daily consumption. OPEC+, primarily responding to concerns over weak demand due to slowing economic growth in major markets, recently implemented production cuts aimed at reducing volatility. Unlike previous measures driven by supply shortages, this strategic adjustment seeks to stabilise prices amid shifts in market sentiment and to offset demand uncertainties from countries like China. Furthermore, sanctions affecting Russian oil exports have introduced additional market opacity due to shadow fleet operations.

Macroeconomic activity in major oil consumers, including the U.S. and China, continues to drive global demand trends. Studies suggest a 1% global GDP rise generally correlates with an approximate 0.8% increase in oil demand, underscoring how economic performance directly influences energy consumption. In recent months, U.S. demand has shown a moderate decline due to inflation and high interest rates, which have impacted consumer spending. China’s demand has been tempered by a stabilising growth rate, signalling a softening in oil demand from Asia’s largest economy.

Last autumn price peaks have given way to a more recent stabilisation, with oil prices now ranging between $70 and $75 per barrel. As of middle November 2024, Brent crude was trading around $71.97, while West Texas Intermediate (WTI) stood at $68.04 per barrel. This recent dip from the previous week reflects the market’s sensitivity to both demand forecasts and ongoing geopolitical factors.

Octa

Factors that affect the oil market
Political tensions in oil-producing regions play a significant role in shaping global oil prices. For example, recent sanctions on Russia have limited its oil export capabilities, impacting around 4 million barrels per day, or roughly 5% of global supply. Additionally, production cuts by OPEC+ have introduced further supply restrictions to stabilise prices. Such geopolitical decisions highlight the importance of political stability in the oil sector.

In the U.S., recent political shifts could lead to policy changes impacting domestic oil production. Donald Trump’s re-election signals a potential return to deregulation, favouring domestic production growth. His prior administration expanded U.S. oil output to a record high of 13 million barrels per day in 2019, and similar policies could drive further supply increases. Higher U.S. production, however, could introduce more supply into the global market, likely exerting downward pressure on prices and potentially increasing market volatility.

Technological advancements and a shift towards renewable energy are gradually reducing the reliance on traditional oil. The International Energy Agency (IEA) projects that by 2040, renewable sources could meet over 40% of global energy demand, as countries aim to cut carbon emissions in line with climate goals. Despite these shifts, oil is expected to remain essential for sectors like aviation and heavy manufacturing, although overall demand may see a decline in the coming decades.

Future prospects of the oil market
OPEC+ production decisions, global economic recovery trends, and seasonal demand patterns will likely influence short-term oil market dynamics. Seasonal heating demand during the winter months typically drives prices upward, especially in colder regions. Emerging markets, particularly in Asia, are anticipated to see steady growth in oil demand as industrial activity expands. This short-term demand increase could provide upward pressure on prices, balancing out some of the recent supply constraints.

In the long term, the oil market faces a transformative shift as renewable energy adoption accelerates. With governments worldwide investing heavily in sustainable energy infrastructure, global oil demand is projected to decline gradually over the next two decades. According to the IEA, global oil consumption could decrease by as much as 25% by 2040 as electric vehicle adoption and green technology become mainstream. This energy transition poses both challenges and opportunities for the oil sector, requiring adaptation to shifting consumer demands.

Trump’s victory could significantly influence oil market dynamics through policies that favour the oil and gas sector. His administration previously prioritised energy independence, implementing deregulation policies that boosted domestic production. A return to such policies could lead to increased U.S. output, potentially intensifying competition in the global market and affecting price stability. Additionally, shifts in foreign policy could reshape trade relations with major oil-producing nations, impacting global oil flows.

Oil remains a critical asset within the global economy, influencing inflation, production costs, and economic stability. At the same time, the asset’s price is affected by geopolitical stability, OPEC decisions, technological advances, environmental policies, global supply and demand, as well as the US dollar strength since the price of oil is commonly denominated in US dollars. Traders and investors should monitor these factors to be aware of recent market trends and to be able to identify potential price movements more carefully.
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.

Relive the Golden Era of Canto Pop: DF Reunion Concert Brings the Magic Back

SINGAPORE – Media OutReach Newswire – 21 November 2024 – Get ready to turn back time and immerse in the golden age of Canto Pop! On December 18, 2024, at *SCAPE The Ground Theatre, Queen Inc. celebrates decades of iconic music with the Queen Inc 20 Years Concert : DF The Canto Reunion Concert, a night to remember for fans of classic hits and unforgettable performances.

A Night of Legends and Timeless Hits
Headlining the concert is the legendary King of Canto Pop, William Scorpion, flying in from Thailand to reignite the flame of nostalgia. Joining him is the charismatic Deehellsix, Queen Inc.’s bandleader, along with a star-studded ensemble of performers who once lit up the Dragonfly stage. Together, they’ll deliver a repertoire of Canto Pop classics by legends like Beyond, Leslie Cheung, Andy Lau, and Faye Wong, ensuring a night filled with timeless melodies and memories.

Deehellsix Shares the Vision
Reflecting on the concert’s significance, Deehellsix said:
“We aim to recreate the electrifying experience that defined local performances decades ago. This reunion is about honoring our roots and bringing the magic back for fans, both old and new.”

Brought to you by Alola: Effortless Planning, Unforgettable Memories
This concert is proudly brought to you by Alola, the AI-powered travel lifestyle platform designed to make planning and booking effortless. Marcus Lim, Founder of Alola, shared his excitement:
“At Alola, we believe it’s the little moments that leave the biggest impact, just like the timeless melodies and unforgettable experiences this concert will bring.”

Afterparty at Shang Live Music House
The celebration doesn’t end with the concert. Continue the Canto craze at Shang Live Music House, the perfect spot to keep the vibes alive with its pulsating beats, dazzling ambiance, and stellar performances that unite music lovers in rhythm and connection.

Mark Your Calendar!
Don’t miss this unforgettable night of music, memories, and the very best of Canto Pop. Tickets are limited, so book now and relive the magic of the golden era with the legends who defined it!

Concert Details:
Queen Inc 20 Years Concert :
DF The Canto Reunion
Date: 18 December 2024
Venue: *SCAPE The Ground Theatre
Time: 7pm – 2.30am
Jointly organized by Queen Inc and EBX Live!

Tickets starts from $88 (Free Standing), $588 (VIP Table) and $1888(VVIP Table). Tickets are available for purchase at https://take.app/queeninc

After Party Details:
Date: 18 December 2024
Venue: Shang Live Music House
407 Havelock Rd, #01-01, Singapore 169634
Time: 11.30pm – 3am
Hashtag: #FantasticBrandHolding

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

About the co-organiser Ebenex @ebx.live @ebx.sg

Ebenex is a premier provider of comprehensive event solutions, specializing in live, virtual, and hybrid events.

Being a part of over 3000 successful productions since 2005, including major events like the National Day Parade, Ultra Music Festival, and A-list concerts.

Their division, EBX Live!, has successfully promoted concerts such as Vertical Horizon and Junny in Singapore.

ComAp S.E. Asia Was Granted Green Innovation Award for Excellence in Sustainable Energy Solutions


BANGKOK, THAILAND – Media OutReach Newswire – 21 November 2024 – ComAp S.E. Asia, a leader in sustainable energy solutions, has been honoured, together with dozens of other companies, with the Green Innovation Award at the prestigious Asia Corporate Excellence & Sustainability (ACES) Awards 2024, organised by MORS Group. This recognition underscores ComAp S.E. Asia’s exemplary innovation in sustainable power production, showcasing initiatives aimed at reducing the environmental impact of produced energy, enhancing resource efficiency and employing alternative technologies to provide hybrid and resilient power solutions.

ComAp S.E. Asia Pte. Ltd. Managing Director, Bhuneshwar Prasad (centre), proudly accepts the prestigious ACES Awards trophy on stage from Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Mr. Luis Bueno Nieto, Advisor to the ACES Council (right).
ComAp S.E. Asia Pte. Ltd. Managing Director, Bhuneshwar Prasad (centre), proudly accepts the prestigious ACES Awards trophy on stage from Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Mr. Luis Bueno Nieto, Advisor to the ACES Council (right).

“Our journey has been one of resilience and commitment—our team faced the challenge of integrating diverse energy sources in remote locations, which tested our expertise and ingenuity. Overcoming this taught us the importance of adaptability and innovation. This award truly reflects our core value of sustainability, which is woven into everything we do. Looking ahead, we’re committed to pushing the boundaries of clean energy solutions, particularly in underserved communities, to create a more sustainable future for all,” says Bhuneshwar Prasad, Managing Director of ComAp Southeast Asia.

In recognition of ComAp’s efforts, the ACES Council comments, “ComAp S.E. Asia has set a remarkable benchmark in sustainable energy management by seamlessly integrating innovative control systems that are transforming energy landscapes across Southeast Asia.”

Hybrid Microgrid Solutions for Integrating Diverse Energy Sources

Since its establishment in 2011, ComAp S.E. Asia has specialised in hybrid microgrid control, utilising the latest technological advancements to develop adaptable solutions that integrate diverse energy sources, including solar, wind, diesel, and battery storage systems. These innovative systems empower communities, industries, and businesses to optimise energy consumption, reduce operational costs, and decrease reliance on conventional fuels. ComAp S.E. Asia is a subsidiary of its parent company, ComAp, headquartered in Prague, Czech Republic.

Resilient, Efficient and Sustainable Power for Remote Communities

In remote and off-grid locations, ComAp’s microgrid projects in the Philippines and Indonesia have demonstrated substantial improvements in energy reliability and sustainability, showcasing the effectiveness of its control systems.

In the Rarotonga hybrid microgrid in the Cook Islands, the implementation of smart power management and load-sharing capabilities led to reduced fuel consumption and lower operational costs. Similarly, the Rottnest Island project in Western Australia integrated diesel generators with renewable energy sources, resulting in a 45% reduction in diesel usage.

Early Adoption of Environment, Social and Governance (ESG) Reporting

ComAp published its first-ever Environmental, Social, and Governance (ESG) Report this year, evaluating its performance in 2023. With this report, ComAp is prepared for the European Sustainability Reporting Standards (ESRS), which will take effect in two years. The company has closely analysed its performance in relation to sustainability, undergoing double-materiality analyses, ESG-related risk analysis and carbon footprint calculation, while setting targets and ambitions for the future, including reducing Scope 1 and 2 emissions by 50% by 2030.

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About ComAp

ComAp designs and delivers smart control solutions for power generation and energy management that empower the world’s transition to sustainable energy. By combining our expertise, innovative mindset, and new technologies, we build highly flexible, intuitive and scalable solutions that support our customers’ power control needs anytime, anywhere. ComAp was established in 1991 in Prague, Czech Republic. The company now operates in 26 offices and 15 subsidiaries globally and has over 550 employees. In 2023, ComAp generated 89 million EUR in revenue.