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AnchorX Announces Exploration of HKD-Backed Stablecoin, AxHKD


HONG KONG SAR – Media OutReach Newswire – 8 March 2024 – Representing another significant participant in the Hong Kong’s virtual asset sphere, fintech company AnchorX has announced its official establishment and plan for exploration of Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges.

Industry leaders from both traditional finance and blockchain technology space sponsored the founding of AnchorX. Hony Capital, a leading investment management firm in China overseeing over USD 16 billion in assets, contributes resource support and business synergies. Additionally, the Conflux Network provides the underlying technology with its superior scalability, security, low latency and cost-effectiveness.

The AxHKD will utilize world-class distributed ledger technology and robust cybersecurity measures. It ensures a 1:1 peg to the HKD, backed by high-quality liquid asset reserves. These reserves are protected by a segregated trust arrangement and held by regulated financial institutions in Hong Kong. OKLink Trust, a strategic partner of AnchorX, will provide custody services.

AnchorX targets two primary applications for AxHKD. Firstly, as a catalyst for global payments, AxHKD facilities cross-border business activities between Hong Kong and the global market. This is particularly beneficial for Belt and Road partners with less developed banking infrastructures. Secondly, AxHKD acts as a reliable fiat-on-chain instrument for virtual asset trading, paving the way for innovation in Real-World Assets and bridging the gap between traditional and digital assets in Hong Kong.

The announcement follows the recent initiatives by Hong Kong authorities to propose a regulatory regime for stablecoin issuers. On December 27, 2023, the Financial Services and the Treasury Bureau, in conjunction with the Hong Kong Monetary Authority (“HKMA”), released a Consultation Paper to gather public comments on the proposed legislation to regulate stablecoin issuers. This paper builds on the Discussion Paper released by the HKMA in January 2022 and the subsequent Conclusion Paper in January 2023.

Byron Wong, the Chief Compliance Officer at AnchorX, commented on the company’s unwavering commitment to meeting regulatory standards, “Hong Kong has adopted one of the most proactive approaches to stablecoin regulation globally. We want to ensure that AxHKD tightly aligns with the proposed stablecoin standards. We will also explore applying for participation in the upcoming regulatory sandbox and hope to contribute our first-hand practical insights to the formation of a successful stablecoin regulatory regime.”

Hashtag: #AnchorX

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

Language tutoring provider Preply to launch its services in Hong Kong


LEEDS, UK – Media OutReach Newswire – 8 March 2024 – Leading online language tutoring provider Preply is launching its services in the Hong Kong region. This strategic expansion marks a significant milestone in the company’s journey towards connecting a global network of hundreds of thousands of learners with 40,000 bookable tutors teaching over 50 languages.

The company was founded in the USA back In 2012 by Ukrainian cofounders Kirill Bigai, Dmytro Voloshyn, Serge Lukyanov. Since then, Preply has become a global leader in language tutoring, with over 650 employees of 60 different nationalities worldwide. With their HQ in Barcelona, they boast a roster of global employees based in 30 countries across Europe, USA, Africa, Asia and Latin America.

Preply’s 12 month plan aims to grow its global footprint by doubling down on AI-based matching and delivering on its promise to connect the largest live language learning community in the world. This approach is based on three core pillars:

  1. Building the best possible experience for tutors
  2. Allowing learners to establish better routines
  3. Developing their app to provide both with an intuitive digital platform.

A spokesperson at Preply, commented:

“Learning with a great tutor is life-changing. That’s why we match online tutors from across the globe with learners and empower them to create personalised live language classes with tools and learning materials. This is how we deliver progress, create engagement and keep learners motivated. A survey of our users in 2019 found 72% of our students have recommended Preply to others.

“Preply recognizes the immense potential and dynamism of the Asian market, and Hong Kong, with its cosmopolitan blend of cultures and languages, presents an exciting opportunity for growth. We are committed to fostering a global community of learners and tutors, and we believe Asia, with its rich linguistic diversity, is a key part of this vision. We look forward to welcoming more learners and tutors from Hong Kong and across Asia to the Preply platform.”

Find out more about Preply at www.preply.com.
Hashtag: #Preply #LanguageLearning #LanguageTutoring

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

About Preply

Preply is an online language learning marketplace connecting more than 32,000 tutors teaching 50 languages to hundreds of thousands of learners in 180 countries worldwide. With student-tutor matches suggested through a machine-learning algorithm, recommended tutors create customized lesson plans to suit the learner’s budget, schedule, and current knowledge.

Preply was founded in 2012 by the Ukrainian team of Kirill Bigai, Serge Lukyanov, and Dmytro Voloshyn. Today, the company has over 400 employees of 58 different nationalities. Preply is a US company with employees in 30 countries across Europe, the USA, Africa, Asia, and Latin America.

AI Takes Centre Stage at Lenovo Tech World Hong Kong

  • Survey shows AI poised to take off, with 95% of HK CIOs saying AI budgets met or exceeded
  • Challenges ahead with speed of scaling, demonstrating ROI and having the right talent

HONG KONG SAR – Media OutReach Newswire – 7 March 2024 – At Lenovo’s inaugural Tech World Hong Kong event today, Lenovo gathered international technology leaders and innovators to showcase its deep commitment to driving AI transformation across industries in Hong Kong and the Greater Bay Area (GBA) and its vision of “AI for All.”

Mr Ken Wong, Global President, Lenovo Solutions and Services Group
Mr Ken Wong, Global President, Lenovo Solutions and Services Group

At the event, Lenovo shared some findings of Hong Kong corporate CIOsi based on a global survey of international leaders focusing on the opportunities and challenges of artificial intelligence (AI). As global interest in AI is peaking, the survey results indicate how important AI has become for enterprises in Hong Kong.

95% of Hong Kong CIOs surveyed said that their requests for budget for AI are being met or exceeded, with a full 44% saying they have more than what is needed. Generative AI is the catalyst, with 56% of respondents saying it is providing the most business value today, compared with traditional or analytical AI (28%).

However, the survey also revealed several challenges to be met if Hong Kong is to take full advantage of AI. Only 55% of CIOs said they are adequately prepared to scale AI, with security, speed to market, and having the right talent among the key barriers. Almost nine out of 10 HK CIOs believe human capital will be key to scaling AI.

While 88% of respondents agreed that as technology becomes more powerful, organisations have a greater responsibility to inform and explain how they are using it to external stakeholders, less than one-quarter of CIOs believe their corporate policy on operational/ethical IT use is AI-ready. Meanwhile, at the corporate leadership level, only 35% of CIOs said the leadership of their organisations has a strong understanding of AI and AI-related technologies.

“At a time of huge potential for AI to supercharge key Hong Kong knowledge-based business sectors, it’s clear that our CIOs and IT departments have a lot of work still to do to deliver measurable outcomes of AI for their organisations and ensure that AI applications are responsible, secure, and compliant with internal business practices and external regulations. With the right talent being integral, Lenovo has partnered with various educational organisations in Hong Kong, ranging from universities to vocational institutions, to develop a wide spectrum of talent needed for companies to innovate and scale AI quickly,” said Ken Wong, President of Lenovo’s Solutions and Services Group.

In addition to revealing Hong Kong’s current AI opportunity, Tech World also outlined Lenovo’s vision for a future where AI technology is accessible and beneficial for everyone. Highlighting initiatives like the partnership with local NGO, Bridge AI, and Formula 1®, Wong emphasized the company’s focus on ethical AI use and meaningful innovation. Through live demonstrations and discussions at the event, attendees witnessed the power of Lenovo’s AI-driven solutions tailored to meet the diverse needs of individuals and enterprises.

Lenovo’s strategic collaborations with local institutions and contributions toward making Hong Kong a leading smart city and technology hub were also spotlighted. Lenovo’s AI Professional Services Practice is helping customers accelerate AI implementation, from concept to results, and enables data management for high-performance workloads to be accessed through a consumption-based model. Additionally, the Lenovo AI Innovators Program helps organisations gain access to enterprise AI by partnering with more than 50 of the industry’s leading software providers.

The company also demonstrated several new AI-powered solutions that meet Hong Kong enterprise demand to deploy responsible AI quickly and cost-effectively. Care-of-One, for example, harnesses AI to improve employee experience and productivity. Lenovo Intelligent Sustainability Solutions Advisor uses AI to enable customers to see and plan the complex environmental impact of IT decisions, while Cyber Resiliency as a Service combines Lenovo’s managed services capabilities with Microsoft’s AI tech stack to improve Hong Kong businesses’ IT security.

“Lenovo’s vision for an AI-powered future is clear – a future where technology is not only about smarter devices but also about creating a more inclusive, sustainable, and intelligent world for all,” said Ken Wong. “With our ‘AI for All’ vision coming to life, Lenovo is not just participating in the AI revolution; it is leading it, promising a transformative impact on how Hong Kong and the world live, work and interact.”

For more details on Tech World Hong Kong 2024 and to explore Lenovo’s AI initiatives further, visit https://www.lenovo.com/hk/en/events/techworld


i Lenovo surveyed 750 CIOs from 10 global markets in February 2024. The Hong Kong sample included 75 Hong Kong Chief Information Officers, 65% of whom work for organisations with more than US$100 million in annual revenues. Full survey results, including comparisons between CIOs in Hong Kong and other markets, will be published in April 2024.

Hashtag: #Lenovo

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

About Lenovo

Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992)(ADR: LNVGY). To find out more visit , and read about the latest news via our .

Primula Florist Expands Business Offerings, Launches Landscape Design Services


SINGAPORE – Media OutReach Newswire – 7 March 2024 – Singapore-based Primula Florist announces the expansion of their business with the introduction of landscaping design.

Primula Florist Expands Business Offerings, Launches Landscape Design Services

Leveraging on years of expertise in creating captivating floral displays, Primula Florist now provides personalized landscaping solutions tailored to elevate outdoor spaces into enchanting havens.

“We’re thrilled to announce the expansion of our services to include landscape design,” says Albert Yeo, owner of Primula Florist. “Our passion for beauty extends beyond bouquets, and we’re excited to bring our unique touch to outdoor spaces. Whether it’s a cozy backyard oasis or a grand garden estate, we’re here to make every landscape flourish.”

From initial consultation to final installation, their team will work closely with clients to understand their preferences, style, and budget, ensuring a personalized and seamless experience from start to finish.

Hashtag: #primulaflorist #singaporeflorist #landscapedesign

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

About Primula Florist

Established in Singapore 45 years back by 2 passionate flower enthusiasts, Primula Florist’s humble beginnings, stemming from a hobby, have since blossomed into one of Singapore’s notable florists.

For more information or to schedule a consultation, visit their at .

Enjoy Eating House Invites Everyone on a Culinary Adventure with Exciting Launch of New Menu Items: A Journey Through Singaporean Flavours


SINGAPORE – Media OutReach Newswire – 7 March 2024 – Get ready for a mouthwatering treat as Enjoy Eating House proudly presents its update to its menu of Singaporean favourites, marking a delicious milestone for this beloved establishment. Founded five years ago by James and Joel, two culinary visionaries united by their passion for exceptional cuisine, this establishment has become a beacon of gastronomic excellence. Together, they’ve blended the flavours of old Singapore with a modern twist, creating a dining experience that’s both nostalgic and refreshingly innovative.

James and Joel at Enjoy Eating House
James and Joel at Enjoy Eating House

Stepping into 2024, James and Joel are thrilled to introduce exciting additions to the menu, including the exquisite Hainanese Lamb Stew and a peppery twist on the beloved Dry Bak Kut Teh. Plus, don’t miss out on the King Kong Bak Pau, a delightful bun filled with succulent House-smoked Iberico, pulled pork and homemade slaw, and the playful Filial Pie Tee, a crispy shell filled with flavourful goodness.

At Enjoy Eating House, tradition meets innovation in a symphony of flavors that celebrate the rich culinary heritage of Singapore. Recognized by prestigious platforms such as Food King, Channel News Asia Radio, and Sethlui.com, Enjoy Eating House has garnered global acclaim for its dedication to delivering an exceptional culinary journey. With a menu curated to tantalize the taste buds and evoke nostalgia, guests are invited to savor signature dishes like Grandma’s Te Kah (Pork Leg) Bee Hoon and well-balanced Chili Prawns. Each bite tells a story of culinary mastery, blending tradition with innovation to create an unforgettable dining experience.

Chef Joel Ong expresses his excitement, saying, “Our aim has always been to create a dining experience that feels like home, but yet with a little something special through a chef’s touch in every dish. We want our diners to feel like they’re rediscovering the flavours of Singapore with every bite.”

This culinary innovation is a testament to the belief that food brings people together. As James puts it, “Whether you’re ethnically Teochew, Hokkien, Hainanese, or Peranakan, our generation identifies only as being Singaporean, and the menu celebrates all of this amazing diversity of culture.” Despite facing many challenges since 2019, Enjoy Eating House is excited to surprise and delight patrons with these exciting new dishes.

To embark on this delicious journey, visit Enjoy Eating House at 30 Stevens Rd, #01-07, Novotel on Stevens, Singapore 257840. Step into the restaurant and immerse yourself in a culinary experience that celebrates the rich tapestry of Singaporean flavours.

Hashtag: #Food #Singapore #EnjoyEatingHouse #SingaporeFood #FoodieFinds #Gastronomic #CulinaryExperience #FoodAdventures #DeliciousDining #FoodieDestinations #TasteOfSingapore #FoodieFriends #DineLocal #EatingOut #FoodLovers #FlavorfulFare #EatLocalSG




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

Enjoy Eating House

Enjoy Eating House is a culinary haven that celebrates the vibrant tapestry of Singaporean flavours. Founded by James, an avid food enthusiast and former banker turned business owner, and Joel, a local culinary genius, the restaurant offers an innovative menu that seamlessly fuses nostalgic classics with modern bistro ingredients. With accolades from Food King, Channel News Asia Radio, and Sethlui.com, Enjoy Eating House has become a renowned destination for those seeking an exceptional dining experience in the heart of Singapore.

Illegal Use of Kratom Persists in Laos Amidst Debate Over Legality vs Medicinal Benefits

Illegal Use of Kratom Persists in Laos Amidst Debate Over Legality vs Medicinal Benefits
FILE: Kratom (photo: Food and Drug Law Institute)

Despite an official ban on Kratom (Mitragyna speciosa), a tree native to Southeast Asia, contains mitragynine, a chemical similar to opioids like morphine in Laos, the plant remains a significant issue, with recent arrests shedding light on its continued illegal use and sale.

Prince Foundation Concludes Final Interviews for Chen Zhi Scholarship’s Third Cohort


PHNOM PENH, CAMBODIA – Media OutReach Newswire – 7 March 2024 – In an effort to support Cambodia’s educational development, Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program.

Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program.
Prince Foundation, the philanthropic arm of Prince Holding Group, recently conducted the final interviews for its Chen Zhi Scholarship program.

This initiative, named after Chen Zhi, Chairman of Prince Group, and strongly supported by Prince Group management team, not only covers full tuition fees but also provides a monthly stipend, enabling students to study at Cambodia’s top universities by alleviating their financial concerns.

This year, the scholarship committee had the task of selecting 100 finalists from 1,900 applicants, focusing on those who showed promise in contributing to Cambodia’s future through their academic and extracurricular activities. The final interviews were held at Prince Holding Group’s headquarters, with assistance from the Batch 1 and Batch 2 scholars.

The Chen Zhi Scholarship interview day had H.E. Sann Vathana, Under Secretary of State of the Ministry of Education, Youth and Sport, as guest of honor, lauding the initiative for its alignment with national educational goals.

“The Chen Zhi Scholarship represents a significant stride towards empowering our youth and steering our nation towards a knowledge-based economy,” H.E. Vathana stressed.

He added, “We are proud to partner with Prince Group and Prince Foundation, and we commend their efforts in nurturing talent and creating opportunities for deserving Cambodian students.”

Gabriel Tan, Chief Communications Officer at Prince Group, acknowledged the finalists’ varied backgrounds and aspirations. “The variety and determination of these candidates stood out. Their aspirations for their future and academic development give us confidence in their potential to contribute to Cambodia’s progress,” Tan noted.

The selection process for the scholarship was rigorous, focusing on academic achievements, leadership qualities, and the ability to articulate a vision for personal and societal growth. The candidates’ eagerness to contribute to Cambodia’s socio-economic development was a recurring theme throughout the interviews.

The announcement of the final 100 awardees is set for mid-March and will be made available on Prince Foundation’s website and social media platforms.

The Chen Zhi Scholarship moves forward with a commitment to fostering innovation, leadership, and civic- engagement, qualities valued by Chairman Chen Zhi and Prince Group. This program aims to serve as a foundation for nurturing Cambodia’s upcoming leaders.Hashtag: #PrinceFoundation #PrinceHoldingGroup #ChenZhiScholarship2024

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

About Chen Zhi Scholarship

Chen Zhi Scholarship program is an annual scholarship program led by philanthropist Neak Oknha Chen Zhi, Chairman of Prince Holding Group, in collaboration with the Ministry of Education, Youth and Sport (MoEYS), for benefitting 400 Cambodian university students over a seven-year period.

Since its inception, Chen Zhi Scholarship has offered transformative prospects to numerous Cambodian students, enabling them to pursue academic aspirations and make meaningful contributions to Cambodia’s progress.

About Prince Foundation

Prince Foundation, founded in 2015, is one of Cambodia’s leading philanthropic foundations. A member of Prince Holding Group, which is one of the largest business groups in Cambodia, the Foundation aims to work with local communities to build thriving living and working environments that elevate people’s well-being and livelihoods following the vision: “Together, Building a Better Future for Cambodia”.

Focusing on education and youth development, healthcare, and community engagement and sports, and healthcare initiatives, Prince Foundation works with partners to deliver sustainable programs that enhance opportunities for Cambodia’s youths, build resilience in communities and contribute to sustainable infrastructure.

The Foundation’s flagship projects are Chen Zhi Scholarship, offering full scholarships, stipends, internship and work opportunities to 400 Cambodian university students over a period of seven years, and Prince Horology, where aspiring Cambodian watchmakers learn the art of Swiss-style watchmaking in a state-of-the-art facility. Prince Foundation has launched more than 250 philanthropic initiatives, benefiting over 1.2 million people, with donations exceeding US$16 million.

Laos-Australia Partnership Launched with Major Investment in Dengue Research

Lao Prime Minister Sonexay Siphandone and Australian Prime Minister Anthony Albanese (Photo: Vientiane Mai)

Australia has committed AUD 3 million (almost USD 2 million) in financial support this year to advance research combating dengue fever in Laos through Monash University’s World Mosquito Program. This marks the initial step in a series of projects anticipated to emerge from the recently established “comprehensive partnership” between Laos and Australia.