SINGAPORE – Media OutReach Newswire – 17 September 2024 – The Wealth Management Institute (WMI) announced the launch of the Dalio Market Principles Program in Strategic Investing for Family Offices on the second day of the annual Global-Asia Family Office (GFO) Summit. This new Program draws on the pioneering research and insights of Ray Dalio, Founder and CIO Mentor, Bridgewater Associates, to help family offices build capabilities in strategic investing.
Ray Dalio and Foo Mee Har at the Global-Asia Family Office (GFO) Summit
The family office sector in Singapore has seen remarkable growth, from 400 in 2020 to more than 1,650 by August 2024. This expansion reflects broader trends in the region, as Singapore also experienced the fastest asset under management (AUM) growth in Asia in 2023, with a 10% increase to SGD 5.4 trillion (USD 4.1 trillion), according to the Monetary Authority of Singapore (MAS).
To support its development, WMI established the Global-Asia Family Office (GFO) Circle in 2021 with support from Economic Development Board (EDB) and Monetary Authority of Singapore (MAS). The GFO Circle has since been an essential and trusted platform, offering a comprehensive suite of over 25 family office-focused education programmes and a regular series of engagement events tailored to the evolving needs of family offices such as legacy, leadership, investments, and social impact.
At this year’s GFO Summit, WMI announced that it has exceeded its target of 5,000 enrolments in family office education programmes, achieving this milestone ahead of the 2025 schedule. Additionally, the Global-Asia Family Office Circle has grown to 1,200 members strong, marking a significant accomplishment.
Ms. Foo Mee Har, CEO of WMI, remarked, “As we deepen our engagement with family offices, many have highlighted the importance of building capabilities in strategic investing to create resilient, multi-generational portfolios. Family offices have the distinct advantage of being able to leverage patient, flexible capital. The launch of Dalio Market Principles Program in Strategic Investing for Family Offices is our response to this critical need, equipping family offices with the skills to navigate and thrive in complex investment landscapes.”
This new Program is an extension of WMI’s longstanding strategic partnership with Ray Dalio. Earlier this year, WMI announced the Dalio Market Principles Online Program, a comprehensive online investment education programme grounded in Dalio’s 50 over years of investment expertise and research, aimed at equipping learners of all backgrounds with a deep understanding of the universal linkages driving market and economies.
Dalio Market Principles Program in Strategic Investing for Family Offices is built on this strong foundation and further teaches direct and actionable strategies tailored to the specific needs and challenges faced by family offices, including building family office investment teams, selecting investment managers and developing robust risk management capabilities. Family offices will benefit from a safe and trusted environment where they can learn to refine their own investment approaches, and stress-test them together with peers.
Ray Dalio commented, “I’m thrilled to join with the Wealth Management Institute of Singapore to announce the launch of the Dalio Market Principles Program in Strategic Investing for Family Offices. This course provides investment strategies that I used in building Bridgewater and in my own family office, delivered through WMI’s unique investor education platform. The course will focus on the timeless and universal principles driving markets and economies, investment skill development, and strategies tailored for the unique circumstances faced by family offices. I am especially thrilled to do the course here in Singapore because I have had an over 30-year wonderful relationship with Singapore and because I have my own family office here.”
For more information, visit www.wmi.edu.sg Hashtag: #WMI
The issuer is solely responsible for the content of this announcement.
About WMI
Established in 2003, the Wealth Management Institute (WMI) is committed to building capabilities for investing in a better tomorrow. Founded by GIC and Temasek, our vision is to be Asia’s Centre of Excellence for wealth and asset management education and research. WMI has been appointed as Singapore’s Lead Training Provider for Private Banking by the Institute of Banking and Finance Singapore (IBF) and supported by the Monetary Authority of Singapore (MAS).
WMI provides a comprehensive suite of practice-based certification and diploma programmes and collaborates with leading universities for master’s qualifications. With over 20,000 annual enrolments, WMI provides training in asset management, wealth management, compliance, risk management, family office, as well as the development of the next generation across more than 130 programmes.
WMI helms the Global-Asia Family Office Circle, a network platform that fosters a trusted environment to build capabilities and community in the family office sector.
WMI’s Asia Centre for Changemakers (ACC) is dedicated to building capacity and nurturing a pipeline of active and informed philanthropic changemakers with a focus on Asia. The ACC houses the Impact Philanthropy Partnership, a joint initiative with the Private Banking Industry Group (PBIG) and supported by the Monetary Authority of Singapore (MAS).
Wisdom is proud to present its latest lineup of four FCEVs (fuel-cell electric vehicles) at the International Motor Show (IAA), including a 12m Coach, 12m intercity Bus, 15t rigid Truck and hook lift Specialty Vehicle.
HONG KONG SAR – Media OutReach Newswire – 17 September 2024 – Prepare to witness groundbreaking innovations by Wisdom Hydrogen Transportation Solutions! Features modular designs, lightweight construction, and seamless integration of superior fuel cell technologies and solutions that significantly boost energy efficiency, improve vehicle dynamics, and enhance driving safety and comfort for operators, all while reducing the Total Cost of Operation (TCO) for Wisdom users. Wisdom stands as your committed partner in a new era of intelligent transportation!
Wisdom is changing the approach to humanizing and designing vehicles, employing a more comprehensive strategy for vehicle dynamics. Iconic features of the Wisdom HyWiSure integrated FCEVs platform include:
The driver’s cab is equipped with an ECE-approved unwinding feature to promote safer driving practices.
Hydrogen systems with multiple leak detectors and prevention devices along with an ECE-approved emptying mechanism.
Blind Spot Coverage with 360° Camera Systems to bolster safety measures.
Wisdom Intelligent controller contributes to an enhanced driving experience, with the maximum speed restricted to 100 kilometers per hour.
Intelligent driver assistance and Advanced Emergency Braking System (AEBS) that ensure security, healthy and timely updates during travel.
All Wisdom vehicles are constructed from self-reinforced, lightweight composite materials, guaranteeing a 20-year lifespan with superior strength, durability, and design flexibility. These materials not only enhance safety but also improve vehicle dynamics. A notable feature is the latest generation of integrated “multi-in-one” electric drive systems, including the Vehicle Control Unit (VCU 2.0), which significantly boosts overall performance. VCU 2.0 features six CAN communication channels with enhanced data rates through CAN FD, effectively doubling the data processing capacity, boosting data storage capacity by 50%, and improving data acquisition accuracy by 25%.
The hydrogen vehicle industry is currently undergoing a phase of sustained exploration involving multiple stakeholders. Wisdom believes at this pivotal demonstration stage, the primary objective is to efficiently identify large-scale application scenarios, expand the scope of demonstrations, and devise sustainable business models for industrial development.
SINGAPORE – Media Outreach Newswire – 17 September 2024 – Monopole, a leading purveyor of fine wines, welcomed some of the most esteemed names in Singapore’s food and beverage industry to The Mandala Club as it hosted an exclusive 160th anniversary dinner in honour of Vega Sicilia, one of the most revered and iconic wineries in the world.
Vega Sicilia 160th Anniversary Wine Dinner in Singapore hosted by Monopole
The four-course dinner saw a distinguished gathering of industry professionals, sommeliers, and wine enthusiasts gather to enjoy an extraordinary flight of seven wines, each handpicked to take guests on an unforgettable culinary journey through Vega Sicilia’s incredible archive of worldclass wine making.
The exclusive celebration paid homage to Vega Sicilia’s enduring commitment to crafting wines of exceptional quality. Amongst the wines served, Tempos Vega Sicilia Tokaj-Oremus Mandolas 2020 was enjoyed as the welcome drink; the revolutionary, crisp young wine which breaks from tradition set the stage for the vintages and courses to come. Deep and complex, Tempos Vega Sicilia Tokaj-Oremus Petracs 2019 wasthe perfect pairing for the first course. As the second course was served, guests were invited to savour the balanced and elegant, Tempos Vega Sicilia Valbuena 5° 2018 along with the beautifully complex Tempos Vega Sicilia Valbuena 5° 2001.Vega Sicilia’s flagship wine, the legendary Unico, often alluded to as Spain’s “Grand Cru”, is typically served at royal functions and accompanied the third course. Each vintage offered a unique glimpse into Vega Sicilia’s rich history, its revered landscapes and many storied wines.
As Michael Chong, Managing Director, Monopole says, “Vega Sicilia is the only winery in Spain that produces a red wine with extended aging of up to 10 years, in barrel and bottle, before it is released commercially. ”
Founded in 1864 in in Spain’s iconic Ribera del Duero region, Vega Sicilia has been synonymous with prestige, tradition and quality for more than a century and a half. Its expert winemakers have created some of the most globally sought-after wines of the 20th and 21st centuries, making this 160th-anniversary celebration an ode to everything the winery has achieved and its remarkable contribution to the world of fine wine.
Vega Sicilia’s General Manager, Alberto Álvarez worked closely with Monopole to ensure the celebration was symbolic of the winery and its heritage. Speaking at the event he commented, “Tonight is a testament to the reputation of TEMPOS Vega Sicilia as one of the most iconic wine companies in the world. Each of the seven wines was chosen to showcase the values of Tempos Vega Sicilia and the ageing potential and style and quality consistency apparent in each of our wines.”
The VIP guests enjoyed a sensory journey while sampling the curated selection of Vega Sicilia’s signature Tempranillo-based wines as well as the distinctive character of its Tokaji Aszú dessert wine. The evening was a celebration of both tradition and innovation, as Vega Sicilia’s commitment to preserving its heritage while embracing modern winemaking techniques was evident in every glass.
Monopole celebrates Vega Sicilia 160th Anniversary Wine Dinner in Singapore
The wine flight included:
· Tempos Vega Sicilia Tokaj-Oremus Mandolas 2020: The evening started with this crisp white wine which showcased the vibrant acidity and refreshing citrus notes of Hungarian viticulture. Its bright, lively character, reminiscent of green apple and citrus, was an excellent example of the region’s unique terroir.
· Tempos Vega Sicilia Tokaj-Oremus Petracs 2019: A single-vineyard Furmint, this wine has an interesting depth and complexity, a result of the region’s unique microclimate and meticulous winemaking. Its layered flavours, a harmonious blend of stone fruits, honey, and spice, expertly demonstrated the winery’s commitment to producing wines of exceptional quality.
· Tempos Vega Sicilia Valbuena 5° 2018: A balanced and elegant red wine that highlights Vega Sicilia’s signature style. Its blend of Tempranillo and Merlot grapes give a silky texture and vibrant acidity, making it a standout among the evening’s offerings.
· Tempos Vega Sicilia Valbuena 5° 2001: A beautifully aged expression that demonstrated the winery’s commitment to producing wines with longevity. This wine, a testament to the passage of time, has a complex combination of flavours including dried fruits, leather, and spice.
· Tempos Vega Sicilia Unico 2013: The pinnacle of the evening was undoubtedly the Tempos Vega Sicilia Unico 2013. This legendary wine, a masterpiece of Spanish viticulture, showcased the power and complexity of the winery’s flagship offering. Its complex blend of blackcurrant, dark chocolate, and subtle spices, shows just how expertly the winery produces bottles to remember.
· Tempos Vega Sicilia Unico 2003: The Tempos Vega Sicilia Unico 2003 shows the winery’s resilience and adaptability in the face of challenging weather conditions and was another highlight of the evening. Despite being produced during a difficult year, the palate of dark fruits, liquorice and roasted coffee beans is exceptional.
· Tempos Vega Sicilia Tokaj-Oremus Aszú 5 Puttonyos 2000: The evening concluded on a sweet note with the Tempos Vega Sicilia Tokaj-Oremus Aszú 5 Puttonyos 2000. This dessert wine has flavours of apricot, honey, marmalade, and a hint of exotic spices. Its impeccable balance of sweetness and acidity provided a perfect ending to an unforgettable evening.
As the distinguished event drew to a close, guests were left with a deep appreciation for Vega Sicilia’s remarkable journey since its inception in 1864, through its adoption of modern practises, to its position today as brand which flawlessly combines its heritage and respect for tradition with a keen eye on the future. Each sip imparted another clue as to how Vega Sicilia has worked with the terroir, climate and unique characteristics of the Ribera del Duero region to craft fine wines emblematic of an unwavering pursuit of perfection.
Michael Chong expressed his admiration for Vega Sicilia’s legacy at the conclusion of the evening, remarking, “Vega Sicilia’s commitment to quality and ability to produce wines that stand the test of time is truly remarkable. We are honoured to have been a part of this historic celebration, and we eagerly anticipate the remarkable wines to come in the years ahead, worthy of the Vega Sicilia legacy.”
Vega Sicilia remains a family-owned business, preserving its traditions and values through the generations. This familial approach has fostered a sense of continuity and a deep connection to the land, helping it to stand out from other winemakers in the region. Hashtag: #VegaSicilia160yearsSingapore #Monopole #finewine #VegaSicilia #TemposVegaSicilia #RiberadelDuero #HistoriaDelVino #BodegasVegaSicilia #DORiberaDelDuero
The issuer is solely responsible for the content of this announcement.
Monopole Pte Ltd
Monopole stands as a premier distributor of fine wines in Singapore, renowned for its curated portfolio of world class brands and unmatched customer service. Partnering with esteemed, family-owned wine producers who prioritize quality, provenance, and sustainable viniculture and viticulture, Monopole’s passion for wine is unmistakable. Committed to delivering authenticity and excellence, Monopole connects discerning customers to the world’s most exquisite wines. With a strong presence across Singapore and Malaysia, Monopole proudly serves over 500 on- and off-premises clients. Explore more at www.monopole.com.sg.
About Vega Sicilia
Founded in 1864, Vega Sicilia is Spain’s most iconic wine estate, celebrated for its dedication to patience, tradition, and the pursuit of perfection in winemaking. Led by Pablo Álvarez, Tempos Vega Sicilia continues to set the standard in fine wine production while embracing sustainable practices.
SINGAPORE – Media Outreach Newswire – 17 September 2024 – UnionPay, a global leading payment brand, has partnered with AXS, Singapore’s leading payment solutions provider, to offer convenient and secure bill payment services through the UnionPay App for Mainland China residents living in Singapore. Through this collaboration, over 500 million registered users of the UnionPay App users who are using UnionPay cards issued in Mainland China, can have the option to pay for all primary household and educational bills, along with top-ups and e-Services provided by Singapore organisations using the AXS payment tile in the UnionPay App.
Chin Mun Chung, CEO of AXS Services, said: “This partnership with UnionPay reflects our commitment to enhancing financial convenience for users, regardless of their location. By integrating UnionPay’s widely downloaded UnionPay App with AXS’s trusted payment platform, we are empowering Chinese nationals to manage essential bill payments in Singapore, seamlessly and securely. This collaboration is a testament to our ongoing efforts to provide innovative solutions that cater to the needs of a global user base.”
Carine Low, Singapore Country Manager of UnionPay International, said: “AXS is the most commonly used fast and secure bill payment platform in Singapore. We are very pleased to collaborate with AXS to offer yet another bill payment option on UnionPay App. This will allow Mainland China residents living in Singapore the timely and effortless payment of their monthly bills. I have no doubt that UnionPay App users will find convenience in paying for bills instantly with AXS.”
UnionPay and AXS Partnership: A seamless cross-border bill payment solution
This collaboration between UnionPay and AXS brings greater convenience for Mainland China UnionPay cardholders to consolidate their bills and making payment through the AXS tile in the UnionPay App.
The new service, accessible through the UnionPay App’s AXS tile, allows UnionPay App users who are using UnionPay cards issued in Mainland China, to securely pay over 10 categories of Singapore bills, including living expenses and student services, directly using their card bound in their UnionPay App.
How it works
Users can make straight forward payment with upfront service fee including adding up to eight payment items in one transaction (except condominium Management Corporation Strata Title (MCST) payments, which payment could be made as a standalone payment), with a maximum payment of S$2,000 per transaction and a low service fee of 2% charged upfront. Payments take 3-5 business days, and users will receive an e-Receipt via email upon successful transaction completion.
The new AXS tiles support payments such as:
General living expenses
Season parking
Town council fees
Healthcare
Storage
Electricity
Condo management fees
Home services
Student services
Education
The partnership between UnionPay and AXS marks a significant milestone in enhancing the convenience of Mainland China residents living in Singapore. Whether managing household expenses, ensuring timely payment of educational fees, or covering essential services, the UnionPay and AXS collaboration ensures efficient and secure payments, enabling users to focus on what truly matters.
Users can download the UnionPay App to access the AXS tile. Welcome to the future of hassle-free, cross-border financial management. Hashtag: #AXS
The issuer is solely responsible for the content of this announcement.
AXS Pte Ltd
AXS Pte Ltd. was founded in 2000 on the notion of bridging the digital barrier between consumers and business organisations. With a remarkable 23-year track record in catering to the bill payment needs of both consumers and organisations on a multi-channel ubiquitous platform, AXS has emerged as the foremost payment solutions provider in Singapore.
To date, they have processed over 650 million bills with total payment value exceeding $210 billion for Singapore residents. AXS is licensed by the Monetary Authority of Singapore as a Major Payment Institution and certified with Data Protection Trustmark. Its secured and trusted platform garnered over one million consumers every month, with access to AXS’ extensive range of over 800 bill payment services through a network of kiosks, mobile app and Internet portal.
With the support of its majority stakeholder, Tower Capital Asia, AXS’ next step is to transform into a regional cloud-based payment solutions provider, delivering a more powerful and seamless payment experience to organisations and consumers regionally.
UnionPay International (UPI) focuses on the international business of UnionPay, a global payment network that serves the world’s largest Cardholder base. With acceptance in 183 countries and regions, UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest Cardholder base and ensures convenient local services to a growing number of global UnionPay Cardholders and merchants.
In Southeast Asia, UPI has enabled ATM, POS acceptance, card issuance and e-wallets across all 10 countries. In Singapore, a range of UnionPay Cards and apps are enabled to scan UnionPay QR Code including BOC Mobile Banking, DBS Paylah!, DCS Cards, Huawei Pay, ICBC Mobile Banking, OCBC Digital App and Nestia.
HONG KONG SAR – Media OutReach Newswire – 17 September 2024 – In celebration of the 25th anniversary ofSaloneSatellite, Salone del Mobile.Milano has partnered with IDFFHK (International Design Furniture Fair Hong Kong) in bringing the exquisite ‘SaloneSatellite Permanent Collection 1998-2024′ exhibition overseas for the first time. This remarkable exhibition, curated and designed by Salone del Mobile.Milano, will be showcased in Hong Kong this November at the Arts Pavilion, West Kowloon Cultural District.
Hong Kong debut—‘SaloneSatellite Permanent Collection 1998-2024’ Exhibition
Since its inception in 1998 as part of Salone del Mobile.Milano, SaloneSatellite has supported emerging designers, especially those under 35, and connected them with the production world. SaloneSatellite has its permanent collection at the Artwood Academy – Polo Formativo del Legno Arredo Fondazione ITS Rosario Messina in Lentate sul Seveso, Brianza. As many as 330 projects were featured in the catalogues of major Italian and international corporations, and some have even become signature icons of contemporary design.
This exhibition will showcase 95 pieces of award-winning design products, maps the themes and creativity that have characterised and shaped design from the turn of the 21st century to the present day.
“The exhibition profiles the new generations to whom the baton of the 20th century ‘masters‘has been passed down, now entrusted with the key task of leading the society to envision a different future. Their creations mark out the trajectory of the evolution of contemporary design, as well as their aesthetic and projectile contribution to the history of design,” says Marva Griffin Wilshire, Founder and Curator of SaloneSatellite.
About Salone del Mobile.Milano
The Salone del Mobile.Milano has been an international benchmark for the design and furnishing world since 1961, thanks to the extraordinarily high quality of the products on exhibit. It is more than a trade fair, rather an ecosystem with the power to accelerate business and broaden relationships throughout the industry, proffering new visions of the future of living. It takes place in April and alongside the 4 main exhibitions, numerous side events, meetings, and presentations take place simultaneously, offering a complete view of the present and future of furnishings and design. These have been accompanied by SaloneSatellite since 1998, a launchpad for young designers under 35 from all over the world – so far more than 14,000 of them have passed through its doors –and a point of reference for companies on the look-out for new talents.
Salone del Mobile.Milano is the world’s largest furniture exhibition and a global leader in the design industry. Each year over 2,000 exhibitors and more than 300,000 visitors from over 160 countries attend, along with 5,000+ accredited journalists pay homage to visiting Salone del Mobile Milano. http://www.salonemilano.it
Exhibition Opening: Nov 11.2024. 5:30-7 pm, Arts Pavilion West Kowloon
The President of Salone del Mobile.Milano Ms Maria Porro and the Founder and Curator of SaloneSatellite Ms Marva Griffin Wilshire together with the Salone delegation will be attending the Exhibition Opening at the Arts Pavilion West Kowloon Hong Kong.
Also attending the Opening will be the Italian Consul General Mr Carmelo Ficarra and the Italian Trade Commissioner Ms Paola Bellusci. Our HK Government officials and other VIPs will also grace the Opening in support of Hong Kong as a major design hub in Asia.
Exhibition Info:
Exhibition
‘SaloneSatellite Permanent Collection
1998-2024‘ Exhibition
Date
11 – 21 November 2024
Opening time
11am – 7pm, daily
Venue
Arts Pavilion, West Kowloon Cultural District
Admission
Open to public. Free admission.
[ HK DESIGN ANNEX ] EXHIBITION.
Arts Pavilion West Kowloon HK Nov 01-07. 2024
A prelude to the Salone landmark event, the ‘Hong Kong Design Annex’ exhibition, conceptualised by Hong Kong award-winning duo Lim + Lu, will showcase the visionary Hong Kong-based talents in furniture and lighting design from 1 to 7 November 2024 at the Arts Pavilion, West Kowloon Cultural District. These consecutive presentations aim to bridge local and international foremost design minds, celebrate design talents, and foster a deeper appreciation of design culture. This exhibition celebrates and presents the local design visionaries in furniture and lighting design.
Embracing Sustainable Design
The exhibition interlaces design and sustainability to envisage the many possibilities of their dynamics and interconnections. Elegant and thought-provoking pieces elucidate the contemporary interpretations of sustainability. From exploring how culture can be sustained through design and surveying the relationship between Hong Kong’s natural and urban landscapes, to portraying the exquisiteness of experiential furniture, their works invite the viewers to rethink furniture and lighting design.
Exhibition Info:
Exhibition Opening on Nov 1.2024. 5:30-7 pm, Arts Pavilion West Kowloon
Exhibition
HK DESIGN ANNEX
Date
1 – 7 November 2024
Opening time
11am – 7pm, daily
Venue
Arts Pavilion, West Kowloon Cultural District
Admission
Open to public. Free admission
About Lim + Lu
Lim + Lu is an award-winning inter-disciplinary design practice established in 2016 in Hong Kong. Lim + Lu works internationally providing architecture, interior, furniture, and product design services. Co-founders Vincent Lim and Elaine Lu met at Cornell University during their architecture studies. Since both Lim and Lu were born and raised in the East, educated and practiced in the West, a balance of both cultures is essential to the duo and always translated through their design. Since inception, Lim + Lu has won numerous awards and recognitions such as Forbes “30 Under 30” Asia 2018, Rising Asian Talent by Maison et Objet 2017, 40 Under 40 by Perspective Magazine, and the 100 Most Influential Architects and Designers by AD China. Currently, Lim + Lu is working on projects in Hong Kong, New York, Copenhagen, and other cities.
DIALOGUE SPEAKERS SERIES IV
Arts Pavilion West Kowloon HK Nov 01-02. 2024
A 4th edition of the signature talk series since 2015, visitors can gain an in-depth understanding of the exhibition curation and design thinking through a series of moderated talks and discussions featuring 11 stellar designers architects as speakers.
Schedule :
Topic
Material Alchemy: Exploring Innovative Design Through Material Research
Design Fusion: Exploring Cultural Synergies and the Evolution of the Creative Journey
Crafting Exquisite Experiences: The Art of Bespoke Design in Hospitality Projects
Design Integration: Weaving the Fabric of Multidisciplinary Practices
Speakers
Elaine Ng, Founder of THE FABRICK LAB
Vincent Lim and Elaine Lu, Co-Founders of Lim + Lu
Frank Leung, Founder of via
Wesley Ho, co-founder and design director of Napp Studio & Architects
Julie Progin and Jesse Mc Lin, Founders of Julie & Jesse
William Lim, Managing Director of CL3
Peter Colin Lampard and Norman Ung, Co-Founders of, DEFT
The issuer is solely responsible for the content of this announcement.
About IDFFHK
International Design Furniture Fair Hong Kong (IDFFHK) has successfully hosted discerning design exhibitions, merging cultural and creative visual elements , aims at advocating and inspiring the appreciation of design.
Inaugurated in 2015, IDFFHK introduced Asia’s first luxury design, furniture, and lifestyle exhibition. The second edition, IDFF2017, themed ‘Redefining Luxury,’ once again partnered with exquisite global as well as Hong Kong designers and lifestyle design brands. The signature Dialogue Speakers Series talks provided a platform for dynamic design exchanges and inspiration to all visitors. For more info, pls visit www.idffhk.com or follow us on Facebook @IDFFHK.
About Designworks Foundation
Designworks Foundation is a non-profit organisation dedicated to the advocacy of design and cultural matters for the Hong Kong community. Its debut exhibition in 2022 titled ’25 Years of Design’ , celebrated the 25th anniversary of HKSAR Establishment at the HK Convention Exhibition Centre. www.25yearsofdesign.com
About Winnie Yue, founder of IDFFHK / DESIGNWORKS FOUNDATION
A leading figure in Asia’s design scene for over 30 years, Winnie Yue is the Founder and Director of the International Design Furniture Fair Hong Kong (IDFFHK), which debuted in 2015 and 2017, as well as the Designworks Foundation. A trained architect, Ms. Yue founded designed furniture stores across Hong Kong, created unique design experiences, and is a strong advocate for design education. She is also a noted philanthropist, having led fundraising efforts for various charity organisations including the Hong Kong Queen Mary Hospital Oncology Department and the Hong Kong Children’s Cancer Foundation.
Both the ‘SaloneSatellite Permanent Collection 1998-2024’ Exhibition and the ‘Hong Kong Design Annex’ Exhibition are sponsored by Cultural and Creatives Industries Developed Agency of the Culture, Sports and Tourism Bureau HKSAR.
Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, anddoes not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau.
MACAU SAR – Media OutReach Newswire – 16 September 2024 –“The WTT Champions Macao 2024 presented by Galaxy Entertainment Group” (WTT Champions Macao 2024) successfully concluded yesterday. Organized by the Sports Bureau of the Macao SAR Government, World Table Tennis (WTT), and Galaxy Entertainment Group (GEG), and co-organized by the Macau Table Tennis General Association, the tournament featured 32 of the world’s finest male and female table tennis players competing at their best. This marked the fifth consecutive time that GEG was involved in the WTT Champions Macao 2024 in Macau, further solidifying its role as a major organizer for the second time. Partnering once again with other organizers, GEG held an array of extended side activities. For instance, GEG invited youth champion table tennis players to participate in the “Double Celebrations – GEG Macau Special Olympics Inclusive Table Tennis Fun Day 2024”, invited members from local associations and members from various community groups to watch the matches on-site, hosted an autograph session at Galaxy Macau™, and set up the “Love Between Fairy and Devil” immersive VR interactive booth outside the competition venue to engage the local communities in the table tennis excitement, strengthen sports development in Macau, and promote the city’s unique cross-sectoral “tourism + sports” charm by blending leisure and entertainment elements.
Mr. Ho Iat Seng, Chief Executive of the Macau SAR (second from right); Mr. Liu Guoliang, WTT Board Chair, International Table Tennis Federation Deputy President and Chinese Table Tennis Association President (second from left); Mr. Wan Sucheng, Director-General of the Department of Publicity and Culture of the Liaison Office of the Central People’s Government in the Macao SAR (first from right); and Mr. Francis Lui, Vice Chairman of GEG (first from left), presented the awards to and took a photo with the champion, and runner up of the men’s singles.
As the first high-tier international table tennis tournament following the 2024 Paris Olympics, the seven-day WTT Champions Macao 2024 was held at the Macao East Asian Games Dome. After 62 intense matches, Mr. Lin Shidong and Ms. Sun Yingsha emerged as the champions of the men’s and women’s singles. Upon the tournament, distinguished guests presented awards to the champions and runners-up in both categories. Guests attending the award ceremony includes, Mr. Ho Iat Seng, Chief Executive of the Macau SAR; Mr. Liu Guoliang, WTT Board Chair, International Table Tennis Federation Deputy President and Chinese Table Tennis Association President; Ms. Ao Ieong U, Secretary for Social Affairs and Culture of the Macao SAR Government; Ms. Ho Ioc San, Chief of Office of the Secretary for Social Affairs and Culture of the Macao SAR Government; Mr. Wan Sucheng, Director-General of the Department of Publicity and Culture of the Liaison Office of the Central People’s Government in the Macao SAR; Mr. Gao Yuan, Director of the Department of Information and Public Diplomacy of the Commissioner’s Office of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR; Mr. Steve Dainton, WTT Chief Executive Officer, ITTF Group Chief Executive Officer; Mr. Francis Lui, Vice Chairman of GEG; and Mr. Philip Cheng, Director of GEG.
Ms. Ao Ieong U, Secretary for Social Affairs and Culture of the Macao SAR Government (second from left); Mr. Gao Yuan, Director of the Department of Information and Public Diplomacy of the Commissioner’s Office of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR (first from right); Mr. Steve Dainton, WTT Chief Executive Officer, ITTF Group Chief Executive Officer (second from right), and Mr. Philip Cheng, Director of GEG (first from left) presented the awards to and took a photo with the champion and runner up of the women’s singles.
For 14 consecutive years, GEG has proudly title-sponsored and co-organized the “Double Celebrations – GEG Macau Special Olympics Inclusive Table Tennis Fun Day 2024” with the Macau Special Olympics (MSO), which was held at Broadway Macau™ during this year’s WTT Macau Championship Macao. With GEG’s support and arranged by WTT, Mr. Xiang Peng and Ms. Kuai Man, winners of the World Junior Table Tennis Championships, participated in the event and interacted with MSO athletes through inclusive table tennis exchange aimed at broadening local athletes’ horizons, and to promote the disability inclusive culture. In addition, GEG also invited various local community associations and organizations to attend the matches, including the General Union of Neighborhood Associations of Macau, the Women’s General Association of Macau, Macau Tung Sin Tong, and students from the Lui Che Woo College of the University of Macau. Local students from the “Youth Science and Technology Village” program, co-organized by GEG, the Education and Youth Development Bureau, and the Macau Science Center, as well as students from the “GEG Youth Achievement Program”, co-organized with the Macau Management Association for 13 consecutive years, were also invited to attend. Accompanied by members of the GEG Volunteer Team, these participants witnessed world-class athletes in action, deepening their understanding and interest in international table tennis competition.
Amid the tournament, the “Double Celebrations – GEG Macau Special Olympics Inclusive Table Tennis Fun Day 2024” that has been sponsored by GEG and co-organized with MSO for 14 consecutive years was held in in Broadway Macau. With GEG’s support and arranged by WTT, Mr. Xiang Peng (fourth from left) and Ms. Kuai Man (fourth from right), winners of the World Junior Table Tennis Championships attended and inaugurated the ceremony.
To further engage local residents and international tourists in the table tennis craze, GEG, along with various organizers, invited WTT players, Ms. Chen Xingtong from China and Mr. Truls Moregard from Sweden to an autograph session at the East Square of Galaxy Macau. They interacted with and signed autographs for around 100 table tennis fans, creating a lively and welcoming atmosphere. Additionally, GEG set-up the “Love Between Fairy and Devil” immersive VR interactive booth outside the competition venue, with actors wearing Hanfu at the scene to introduce to the audience the unique interactive experience that blends traditional Chinese charm with technology, further showcasing Macau’s unique cross-sectoral “tourism + sports” charm.
GEG invited members from various community groups to watch the matches on site. Accompanied by members of the GEG Volunteer Team, participants witnessed world-class athletes in action, deepening their understanding and interest in international table tennis competition.
GEG has been actively involved in the WTT tournament since its debut in Macau in 2022, with this year marking the second consecutive year it has served as one of the major organizers, underscoring its ongoing commitment to Macau’s development as a “City of Sports”” by supporting and presenting sports events and it’s extended activities in a more in-depth way. Moving forward, GEG will continue to fully support the Macau SAR Government’s sports development strategy, foster the cross-sectoral integration of “tourism + sports”, and remain committed to enhancing Macau’s position as a “World Center of Tourism and Leisure”.
GEG, along with various organizers, invited WTT players, Ms. Chen Xingtong from China and Mr. Truls Moregard from Sweden to an autograph session at the East Square of Galaxy Macau and to interact with fans.
Hashtag: #GalaxyMacau
The issuer is solely responsible for the content of this announcement.
About Galaxy Entertainment Group (HKEx stock code: 27)
Galaxy Entertainment Group Limited (“GEG” or the “Company”) and its subsidiaries (“GEG” or the “Group”) is one of the world’s leading resorts, hospitality and gaming companies. The Group primarily develops and operates a large portfolio of integrated resort, retail, dining, hotel and gaming facilities in Macau. GEG is listed on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index.
GEG through its subsidiary, Galaxy Casino S.A., is one of the three original concessionaires in Macau when the gaming industry was liberalized in 2002. In 2022, GEG was awarded a new gaming concession valid from January 1, 2023, to December 31, 2032. GEG has a successful track record of delivering innovative, spectacular and award-winning properties, products and services, underpinned by a “World Class, Asian Heart” service philosophy, that has enabled it to consistently outperform the market in Macau.
The Group operates three flagship destinations in Macau: on Cotai, Galaxy Macau™, one of the world’s largest integrated destination resorts, and the adjoining Broadway Macau™, a unique landmark entertainment and food street destination; and on the Peninsula, StarWorld Macau, an award-winning premium property.
The Group has the largest development pipeline of any concessionaire in Macau. When The Next Chapter of its Cotai development is completed, GEG’s resorts footprint on Cotai will be more than 2 million square meters, making the resorts, entertainment and MICE precinct one of the largest and most diverse integrated destinations in the world. GEG also considers opportunities in the Greater Bay Area and internationally. These projects will help GEG develop and support Macau in its vision of becoming a World Centre of Tourism and Leisure.
In July 2015, GEG made a strategic investment in Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco (“Monte-Carlo SBM”), a world renowned owner and operator of iconic luxury hotels and resorts in the Principality of Monaco. GEG continues to explore a range of international development opportunities with Monte-Carlo SBM.
GEG is committed to delivering world class unique experiences to its guests and building a sustainable future for the communities in which it operates.
81% of Manufacturing Industries Yet to Embrace Smartification Solutions
7 Key Recommendations to Ignite New Momentum in Hong Kong Manufacturing
HONG KONG SAR – Media OutReach Newswire – 16 September 2024 – Hong Kong Productivity Council New Industrialisation (HKPC New Industrialisation) announces key findings from the “Hong Kong Manufacturing Industries Development Study Report”, jointly conducted by Deloitte China at the newly opened Future Manufacturing Hall. The study examines Hong Kong’s manufacturing industry, analysing its current state, policies, expert interviews, upgrading projects of Hong Kong-based manufacturers in the Greater Bay Area (GBA), and corporate surveys. Aiming to foster community-wide understanding and jointly explore paths, directions, challenges and opportunities for industry advancement, the HKPC has put forward seven major action proposals to rejuvenate the new momentum of Hong Kong’s manufacturing.
(Photo 1) Mr Edmond Lai, Chief Digital Officer of HKPC (left), and Mr Alvis Kong, Partner of Deloitte China Strategy and Economic Advisory (right) present the key findings in “Hong Kong Manufacturing Industry Development Study Report”, showing that 81% of manufacturing industries are yet to adopt smartification. HKPC based on the “Hong Kong Manufacturing Development Strategy – Fueling New Momentum for Hong Kong’s Manufacturing”, HKPC proposes seven action proposals Development Study Report”.
Overview and Challenges of Hong Kong’s Manufacturing Industry
With the economic transformation, Hong Kong’s manufacturing industry has ostensibly migrated overseas. However, the comprehensive survey results show that the headquarters functions of some local manufacturing enterprises remain in Hong Kong and have transformed into manufacturing services. In accordance with “New Productive Forces”, proposed by the country in 2023, Hong Kong must develop high-quality green manufacturing and promote industrial innovation, upgrading, and transformation.
Today, the development of Hong Kong’s manufacturing industry is generally facing the following four major challenges:
Increasingly fierce competition: Fierce competition and saturation of the market has caused the manufacturing industry to face the challenges of declining market share and squeezed profits.
Global supply chain remodeling: Supply chain locations are affected by technical requirements, production costs and tariffs, making it more difficult to manage supply chains and companies.
Small order volume and customisation have become the new normal: Nearly seven out of ten (69%) of the companies surveyed agree that “lots of variety in fewer quantities” is a new trend in the manufacturing industry, requiring companies to quickly respond to costumers’ needs. With customisation challenging traditional production models, Hong Kong can take this trend as an opportunity to develop new manufacturing models.
Sustainability is on the move: 67% of the companies surveyed have received or expect to receive requests from customers to incorporate green sustainability standards into their manufacturing processes, making green manufacturing or sustainability an essential issue.
Mr Alvis KONG, Partner of Deloitte China Strategy and Economic Advisory,remarked on the result, “As New Productive Forces has become an intrinsic requirement and an important focus of the country’s efforts to promote high-quality development, and developed economies around the world are also laying out national-level industrialisation strategies, a new wave of technological innovation will provide opportunities for the transformation and upgrading of Hong Kong’s manufacturing industry. To stimulate industrial innovation and enhance productivity, the HKSAR Government has been actively implementing policies and measures in the areas of finance, manufacturing and R&D, supply chain management, talent, etc., in recent years, with a multi-pronged approach to support the further development of the manufacturing ecosystem.”
Two New Trends of Customisation and Sustainable Development Unveil Hong Kong’s High Value-added Headquarters Functions
1) 81% of manufacturing companies surveyed have yet to adopt smartification solutions to cope with the increasing demand for customisation
Only 19% of the companies surveyed have already introduced smartification solutions, 20% intend to do so, 8% use other traditional methods (e.g., enhanced publicity), and as many as 53% of companies surveyed said they have no way to deal with it. The data shows that although enterprises generally recognise the importance of customised small batch production, the application of smartification technology is still insufficient in practice.
2) 67% of enterprises have received or expect to receive requests from customers to incorporate green and sustainable development standards into their manufacturing processes
Both expert interviews and corporate survey results show that sustainable development is a global consensus and a new trend. Enterprises need to adopt more environmentally friendly and sustainable technologies and methods in the production process, reduce their impact on the environment, and meet the increasing needs of consumers for green products, which has become an essential issue in the manufacturing industry. Green manufacturing requirements and demanded services cover a wide range of fields and technologies, including energy management and carbon emission reduction, international sustainable development certification and training, ESG reporting, assurance and rating, green finance, etc.
3) Prosperity of Hong Kong’s high value-added headquarters functions
Some of the surveyed manufacturing enterprises have retained high value-added functions in Hong Kong, such as R&D, supply chain management and finance. In terms of R&D, 31% of the companies carry out technology and product development in Hong Kong, and only 27% of the manufacturing enterprises have licensed their technology. In terms of supply chain management, 47% of the enterprises have global procurement in Hong Kong, and 46% have command and deployment of outbound manufacturing bases. As for finance, 59% of the companies conducted asset management and finance in Hong Kong.
Mr Edmond LAI, Chief Digital Officer of HKPC,mentioned, “Smart solutions represent a new pathway for the development of Hong Kong’s manufacturing. We encourage enterprises to add value and leverage complementary advantages with the GBA and other domestic markets to drive industrial innovations. Hong Kong needs to actively develop its headquarters economy, attract corporations to set up headquarters, and promote industrial diversification. In addition, green manufacturing is the future trend in global manufacturing. Companies can enhance their market competitiveness and reputation while achieving high-quality business development. The global demand for green manufacturing will become a new growth point for Hong Kong’s service industry, encompassing a wide range of fields and significant technological requirements, presenting immense business opportunities.”
In-depth Analysis of Cases Summarises the “Three Major Directions and Ten Major Measures” to Lead the Development of New Productive Forces
HKPC New Industrialisation conducted an in-depth analysis of more than 1,300 successful upgrading and transformation cases of Hong Kong enterprises and concluded that enterprises need to take “three major directions and ten major measures” to achieve the transformation and upgrading of the manufacturing industry to develop New Productive Forces.
Direction 1 – Pioneering new manufacturing models:
1. Implementing digital transformation 2. Enabling green manufacturing 3. Promoting flexible production of “Microfactory”
Direction 2 – Exploring new growth engines:
4. Optimising product development market 5. Expanding upstream and downstream industrial chain 6. Commercialising patents 7. Commercialising production technologies
Direction 3 – Realising value chain transformation:
8. Developing product design capabilities 9. Establishing brand diversification strategies 10. Expanding the scope of product or technology applications
Case 1: Decoding digital green production and realising the transformation of value chain
The Hong Kong head office of a mold and injection molding product manufacturer is responsible for strategy and investment management, finance, personnel, innovation and R&D and supply chain decision-making management. It plays an important role in the Hong Kong headquarters economy and has production bases in the Mainland and Southeast Asia and aims to provide customers with precision injection molding parts and mold products with intricate technology. To develop a new manufacturing model, the company has successfully digitised the whole process, from product development to mass production. At the same time, it is also committed to building a green and low-carbon factory, producing products that meet international standards and customer corporate social responsibility requirements. At present, it has obtained several quality management certifications, achieving international standards of excellence. The company has expanded its upstream and downstream industrial chains in terms of exploring new growth engines, transforming from traditional molds to R&D and production of precision plastic products. In the process of realising the transformation of the value chain, “pull” production is adopted, and each order is taken as a starting point to automatically generate a production scheduling plan, supporting peripheral equipment, process requirements, material orders, etc., to achieve data transparency. It has improved its product design capabilities and expanded its product and technology application scope.
Case 2: Launching the “Microfactory” flexible mode to allow enterprises moving forward at full speed with the torrent of innovation
Garment manufacturers have made good use of the HKSAR Government’s New Industrialisation Funding Scheme to set up a full-fledged digital knitted garment smart production line, with a focus on developingnew manufacturing models. To quickly respond to market customisation requirements, new production equipment was established in existing factories. The traditional production line was changed to a unit manufacturing mode for small batch and multi-style production, effectively increasing the output value of the existing production space and reducing inventory and material waste. The production line covers product design, digital simulation samples, engineering parameters and programming to smart production. The project’s production capacity can reach 22 hours of operation per day, which will increase production capacity by 35% and reduce production costs by 40% compared with the current production line.
HKPC New Industrialisation Proposes Seven Major Actions to Rejuvenate Hong Kong’s Manufacturing Momentum
Based on the above research, to plan the development strategies and to invigorate new momentum for Hong Kong manufacturing industry, HKPC New Industrialisation’s recommendations for new industrialisation can be divided into three levels: ‘Made in Hong Kong,’ ‘Headquarters Functions,’ and ‘Service Industry of Manufacturing.’
Developing “Microfactory” according to local conditions: It is suggested that the Government plans for “Microfactory” sites suitable for key industries, reviews the existing industrial sites and buildings, and encourages enterprises to make good use of I&T resources to develop green and smart manufacturing in Hong Kong, increase the unit output value of space, and develop customised production with agile new manufacturing models. The “Microfactory” can also promote cutting-edge technology research, accelerate the pilot scale-up, new product research and development, and new technology implementation.
Strengthening the functions of the Hong Kong headquarters: It is an effective strategy to attract high value-added companies to stay in Hong Kong by strengthening Hong Kong’s headquarters functions. The Government provides preferential tax and investment incentives to attract high value-added headquarters functions to stay in Hong Kong, including technology and product R&D, intellectual property application/licensing/management, financing and asset management, global procurement, offshore manufacturing command center, etc. This will consolidate Hong Kong’s status as an international financeing, trade, transport and innovation and technology center, and at the same time, allow them to become the headquarters of Mainland enterprises for overseas business and promote cross-border e-commerce, connecting the Mainland with overseas markets.
Cultivating the Intellectual Properties (IP) industry: HKPC will work with stakeholders in expedite the establishment of WIPO Technology and Innovation Support Centers (TISC) and recommends that the HKSAR Government introduce and enhance policies to support the IP ecosystem (from creation, application, commercialisation, trade to professional services) to develop Hong Kong into a regional IP trading center.
Developing green manufacturing services: Establish, strengthen and coordinate the development of green manufacturing-related services, such as green manufacturing certification and management, ESG compliance, energy efficiency optimisation, green financing products, carbon neutrality certification and trading, etc., to provide one-stop green manufacturing services for local, domestic and overseas markets.
Accelerating recruitment of technical talent: It is suggested that the Government strengthens the existing talent import policy and introduces diversified technical talent with practical experience. In addition to high-end scientific research talents, it is also necessary to attract diversified technical talents with practical experience and consider including them in university courses, to accelerate the demand for talent in the manufacturing industry, enhancing the competitiveness and innovation ability of the industry.
Creating a large language model of the manufacturing industry: It is suggested that the Government promotes cooperation between industry, academia and research to jointly develop a large manufacturing model ManufacturingGPT, combining the latest AI technology to provide more efficient and smarter solutions for the manufacturing industry. Business associations shall encourage enterprises to share big data to help train the large language model to open up ManufacturingGPT as a scientific research platform to accelerate the development of local smart manufacturing technology.
Promoting a new image of the manufacturing industry: Enterprises have to make good use of the Government’s innovative technology resources to optimise the factory environment through new manufacturing models, provide high-quality employment opportunities, take into account environmental protection and occupational safety and other elements, introduce gamification production management, and cooperate with stakeholders from all walks of life to promote and reshape the new image of the manufacturing industry, and attract and nurture young talents to enter the industry.
Mr LAI summarised, “HKPC is committed to fueling the new momentum of Hong Kong’s manufacturing industry. Through the first ‘New Productive Forces’ demonstration platform in Hong Kong, we would like to showcase ‘Hong Kong Got Industries’, usher in a new era of ‘Made in Hong Kong’ and lead Hong Kong to become a model for the future of manufacturing. The nation’s ‘New Productive Forces’ industrialisation strategy provides us with an opportunity for transformation and upgrading, and technological innovation will become the engine of our development. Through reform and upgrading, technological innovation will be the core of value enhancement, and the inherent advantages of Hong Kong’s manufacturing industry will lay the foundation for the development of new industrialisation.”
The Hong Kong Manufacturing Industries Development Study Report was conducted from March to July 2024, in which 288 manufacturing companies in Hong Kong completed the survey. The survey report will be available for download from HKPC’s website in due course: https://www.hkpc.org/zh-HK/about-us/hkpc-publication/industry-support.
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About Deloitte China
Deloitte China is a comprehensive professional services firm based locally and globally connected, co-owned by Deloitte China’s partners, and has always been at the forefront of China’s reform and opening up and economic construction. With offices in 31 cities in China and more than 20,000 professionals, we provide clients with the world’s leading one-stop professional services such as audit, tax and consulting.
We are honest, adhere to quality, have the courage to innovate, and help customers and partners from all walks of life seize opportunities, meet challenges, and achieve world-class high-quality development goals with excellent professional capabilities, rich industry insights and smart technology solutions.
The Deloitte brand was founded in 1845, and its name in Chinese (德勤) denotes integrity, diligence and excellence. With member firms in more than 150 countries, the Deloitte Global Professional Network aims to strengthen public trust in capital markets, empower clients to transform and upgrade, and empower talent to embrace the future, leading to a more prosperous economy, a fairer society, and a sustainable world.
About Deloitte
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About HKPC · New Industrialisation
New Industrialisation is one of the eight major development focuses of the Hong Kong Productivity Council (HKPC). To support the goal of achieving new industrialisation as stated in the “Hong Kong Innovation and Technology Development Blueprint” promulgated by the HKSAR Government and promote high-quality and sustainable development of Hong Kong economy, HKPC New Industrialisation provides comprehensive technical support and training to move enterprises and industrial chains toward higher-end, smarter and greener transformation, achieving new industrialisation. The New Industrialisation Development Centre, established in mid-2023, provides an exchange platform for all sectors to learn about and master the latest technological solutions, with all-round services including testing and certification, certified new industrialisation courses and Government funding consultation, and more. This will drive and accelerate the realisation of new industrialisation in Hong Kong and other cities of the Greater Bay Area, speeding up the formation of new productivity. To promote the high-quality development of new industrialisation and the digital economy, HKPC New Industrialisation has also established “Celesphere”, dedicated to combining metaverse, Industry 4.0, artificial intelligence and human-machine interface technologies to further promote industrial metaverse applications and their adoption, optimising product life cycles, enhancing enterprise productivity and competitiveness, and jointly driving and implementing new industrialisation.
For more information, please visit the webpage of “HKPC New Industrialisation”: https://u.hkpc.org/HKPC-NewInd-EN.
About the Hong Kong Productivity Council
The Hong Kong Productivity Council (HKPC) is a statutory body established in 1967 to drive productivity excellence in Hong Kong enterprises through world-class advanced technology and innovative services. As a market-oriented applied R&D institution, HKPC promotes the New Industrialisation of Hong Kong and the Greater Bay Area through innovation and technology, achieves New Productive Forces development, and comprehensively promotes Hong Kong to become an international innovation and technology hub and a smart city. It also provides a full range of innovative solutions to enhance business productivity and business efficiency, reduce operating costs, and enable enterprises to maintain a competitive advantage in local and overseas markets. HKPC actively collaborates with the local business community and world-class R&D institutions to develop applied technology solutions to create value-added for the industry. Through product innovation and technology transfer, we have successfully commercialised R&D results and created business opportunities. Over the years, HKPC’s world-class R&D achievements have been widely recognised, and many local and overseas awards have been awarded.
HKPC is also committed to providing real-time and appropriate support to SMEs, and start-ups, and providing a variety of future skills development courses to enable enterprises and academia to master the latest digital and STEM technologies, so as to enhance talent training and enhance Hong Kong’s competitiveness.
For more information, please visit HKPC’s website: www.hkpc.org.
BANGKOK, THAILAND – Media Outreach Newswire – 16 September 2024 – The Ministry of Higher Education, Science, Research, and Innovation (MHESI) by the National Innovation Agency (Public Organization) or NIA held a seminar today to commemorate the 15th anniversary of the National Innovation Agency (Public Organization). The event featured expert speakers on innovation ecosystems from Thailand and abroad who exchanged knowledge, perspectives, and experiences on a wide range of topics. Key discussions included ways to strengthen the national innovation ecosystem, showcasing case studies from Lithuania and Sweden, strategies for building a robust startup ecosystem by promoting talent and future investment imagery, accelerating the growth of Thai innovative businesses, connecting innovation funding sources among NIA, the Federation of Thai Industries (FTI), and the Board of Investment (BOI), as well as expanding businesses into international markets. In addition, the NIA’s international advisory board discussed on promoting startup businesses through investment mechanisms and developing talented human resources, which will be used to develop and expand operations to fit the context of Thailand in the future.
Dr. Krithpaka Boonfueng
Dr. Krithpaka Boonfueng, Executive Director of NIA, emphasized the agency’s significant role over the past 15 years in reinforcing the national innovation system by supporting Thai innovators in establishing and sustainably growing their businesses as well as building a new generation to create innovation leading to positive changes for society and the environment. NIA has evolved to face challenges while establishing its foundation for Thailand’s innovation development since its inception in 2007, when the concept of “innovation” began to transform the Thai economy from an industrial base to a value-added product and service development framework. In 2009, the NIA was established to be the main agency to promote and develop the country’s technological and innovation capabilities.
“Today, the context of innovation in Thailand is vastly different, presenting challenges and opportunities that NIA must navigate to enhance the country’s international competitiveness including NIA’s pivotal role in launching initiatives for startups since 2016 through Startup Thailand project, further enhancing innovative enterprise capabilities in Thailand and connecting them to global markets. The changes in the Thai innovation ecosystem have required NIA to develop and grow in parallel to meet the new challenges that have arisen, both in terms of support mechanisms and cooperation networks that have been initiated, developed, and expanded to create “innovations” that can create high impacts on the Thai economic and social system, whether they are innovations for the economy, social innovations, area-based innovations, or public sector innovations, as well as developing the potential of new-generation innovative entrepreneurs at both the individual and organizational levels. From such commitment, NIA has become an organization that is recognized as the country’s main agency in driving the Thai innovation system, as evidenced by its championship title of Thailand’s Most Admired Company, a “Public Organization” in the field of technology and innovation for 3 consecutive years since 2021. Over the past 15 years, NIA has supported over 3,133 innovative projects worth approximately 3,586 million baht, leading to an impressive investment value of around 50,350 million baht. The agency has also become a central hub for facilitating both Thai and international startups through consulting, investor networking, and access to government benefits.
Looking ahead, NIA aims to serve as the “Focal Conductor” for innovation, collaborating with local and international partners to help innovative entrepreneurs leap to new heights. Plans include the implementation of the “Groom” concept, focused on developing talent through 16 courses. There are 2 courses for developing youth interested in preparing to grow in creating innovative businesses and 14 courses for developing potential in innovation to drive the economy and society. In addition, there is the Startup League project, which has more than 70,000 youths participating from 48 universities, registered 80 companies, and has created a business value of more than 100 million baht. “Grant” through 7 new funding mechanisms that focus on developing and expanding innovative businesses to markets covering both economic and social innovations and cooperation with external funding sources. “Growth” is an acceleration of the growth of innovative businesses and startups in target industries through startup growth acceleration programs in 4 areas: food technology, agricultural technology, health technology, and climate change technologies. Strengthening the potential of regional innovative entrepreneurs through the Nilmangkorn 10X project, which aims to generate sales over 100 million baht within 3 years. “Global” is to promote Thai innovative entrepreneurs to the international market through business expansion opportunities and fundraising with the services of the Global Startup Hub and programs to promote business expansion into foreign markets, including accelerating the push for the Startup Act to support a strong startup ecosystem. “We are committed to pushing Thailand toward becoming a recognized ‘Innovation Nation’ on the global stage, and we are grateful for the collaboration of innovation networks across all sectors in driving this mission forward,” Dr. Krithpaka concluded.
Hashtag: #nia
The issuer is solely responsible for the content of this announcement.