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Country and Sector Risk Barometer – October 2024 From monetary pivot to fiscal turnaround?


HONG KONG SAR – Media OutReach Newswire – 24 October 2024 – The global economic recovery presents a mixed picture. While the US economy looks set for a soft landing, the eurozone continues to face many uncertainties, particularly in the industrial sector. China, meanwhile, is struggling to sustain its growth. Finally, our political and social risk index remains at a high level despite the fall in inflation – a sign of an increasingly complex and uncertain environment.

Coface Sector Risk Assessment Changes – APR (October 2024)

In this context, Coface has modified its ratings for 5 countries (4 reclassifications and 1 downgrade) and 17 sectors (12 reclassifications and 5 downgrades), illustrating our scenario of a stabilization of world growth in 2025, admittedly at a level below potential, but without any major upheaval.

The US economy lands, the eurozone fails to take off
After a promising start to 2024, the eurozone saw its industrial sector fall again. Its outlook is not very dynamic, as shown by the fall in the purchasing managers’ confidence index. Germany, Europe’s leading industrial hub, remains particularly hard hit, with manufacturing output 12% below its pre-COVID level. The services sector, which had led the recovery, is also slowing, and household consumption remains held back by persistently high savings and low levels of confidence in a context of political uncertainty.

The scenario of a soft landing seems to be confirmed in the United States. The US economy continues to show its resilience, as evidenced by the rebound seen in the second quarter (+3% annualized), with strong domestic demand, even though the labor market is gradually slowing.

Disinflation in the United States, weakening corporate sentiment in the eurozone
The third quarter of 2024 brought good news on the disinflation front, both in the United States and in Europe, again thanks to falling commodity prices – oil products in particular. However, in the eurozone, companies are still suffering from a sharp rise in unit labor costs (+4.2% year-on-year), which is squeezing their margins. After peaking in the first half of 2023 in all eurozone countries, the margin rate has fallen by almost 2 percentage points in Germany and the Netherlands, and by double that amount in Spain and Italy, leaving businesses vulnerable, as shown by the rise in insolvencies in recent months.

Time for widespread monetary easing… and austerity?
The first-rate cuts by the Fed and the ECB in 2024 mark the start of the expected monetary easing. Furthermore, while monetary policy will be more accommodative (or less restrictive) next year, more restrictive fiscal policies will have an adverse effect on growth in the vast majority of countries, particularly in the eurozone. In July 2024, the European Commission opened an excessive deficit procedure against seven countries, including France.

US elections: 2024, a decisive vote
With Kamala Harris and Donald Trump headlining the US presidential election, the choice of one program over the other will have repercussions far beyond the United States. On the domestic front, K. Harris advocates price regulation and a reduction in housing costs, while D. Trump proposes a massive tax cut and a boost to energy production (hydrocarbons). Internationally, K. Harris is seen as a guarantee of continuity in the face of a more unpredictable D. Trump. Trump, who is more unpredictable and, in some respects, more radical than during his first stint in the White House (2017-2021). Whatever the outcome, this election will have a major impact on the global economy for years to come.

China struggles to recover, while other emerging economies pick up the slack
Despite the support measures announced, the Chinese economy continues to slow, weighed down by a property market in crisis and sluggish domestic demand.

However, the emerging economies’ contribution to global growth will remain unchanged in 2025, mainly thanks to the acceleration of the Gulf States and South America. This is despite the fact that we are forecasting less dynamic growth in Brazil after two years of growth of around 3%. Beyond domestic factors, many countries in the region are the big winners in the ongoing reorganization of world trade, becoming strategic relays that capture market share in Sino-American supply chains[1].

Find the full publication here


[1] Focus Coface: A less global village? World trade in an era of geopolitical fragmentation1 October 2024: https://www.coface.com.hk/news-economy-and-insights/a-less-global-village-world-trade-in-the-age-of-geopolitical-fragmentation

Hashtag: #Coface

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

COFACE: FOR TRADE

With over 75 years of experience and the most extensive international network, Coface is a leader in Trade Credit Insurance & risk management, and a recognized provider of Factoring, Debt Collection, Single Risk insurance, Bonding, and Information Services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients in 100 countries build successful, growing, and dynamic businesses. With Coface’s insight and advice, these companies can make informed decisions. The Group’ solutions strengthen their ability to sell by providing them with reliable information on their commercial partners and protecting them against non-payment risks, both domestically and for export. In 2023, Coface employed ~4,970 people and registered a turnover of €1.87 billion.

For more information, visit

HKFindLawyer.com Launches AI Legal Judgment Tool to Help Users Understand If They’ve Broken the Law, with Future Plans for Expansion


HONG KONG SAR – Media OutReach Newswire – 24 October 2024 – HKFindLawyer.com has officially launched a new AI legal judgment tool designed to provide citizens with a convenient way to determine whether their actions violate the law. This tool can not only answer specific legal questions but also analyze users’ situations based on current Hong Kong laws to determine whether their actions constitute a crime. The service’s mission is to use technology to help people resolve legal uncertainties, saving time and initial consultation costs with lawyers.

This AI legal judgment tool is powered by GPT-4, one of the world’s leading language models, specifically trained on Hong Kong laws. Users simply input their scenarios, and the AI analyzes the situation based on the relevant regulations to determine if any laws were broken and which specific law might apply. Unlike simple “yes” or “no” answers, the AI can offer flexible responses, outlining different approaches depending on the context and presenting potential legal risks and solutions.

For example, users can input the following questions and receive an analysis from the tool:

Example 1:
I unknowingly worked for a scam group. Throughout the process, I thought I was doing legitimate work designing game characters and had little communication with colleagues. It wasn’t until the police arrived that I realized the company had been committing fraud. Am I guilty of a crime?

Answer from AI:

It depends.
Whether the situation constitutes a crime will depend on multiple factors, including your intent, the nature of your actions, and whether you exercised reasonable care in your work.

Legal Analysis

According to the Theft Ordinance and the Crimes Ordinance, criminal behavior generally requires intent or knowledge of wrongdoing. If you were truly unaware of the fraudulent activities of the company while performing your job, it is possible that you may not be considered guilty. Here’s a detailed analysis:

Intent: In criminal law, intent or knowledge of wrongdoing is usually required for an action to be considered a crime. In your case, if you can prove that you were completely unaware of the company’s true business, this could serve as a defense.

Reasonable Duty of Care: Courts typically consider whether a person exercised reasonable care in becoming aware of wrongdoing. If you can show that you consistently followed appropriate industry standards and common sense in your work, this could help reduce liability.

Cooperation: If you actively cooperate with the police investigation and provide all the relevant information about the company, this may be viewed as a mitigating factor.

Legal References

According to Section 10 of the Crimes Ordinance, a crime requires intentional and conscious action to be deemed criminal.

Further Analysis

Here are a few possible scenarios and their legal consequences:

  • Scenario 1: If you can prove that you were completely unaware and had no intention to participate in fraud, it is unlikely that you would be charged with any crime.
  • Scenario 2: If the police believe that you were negligent in the process (e.g., knowing you should not cooperate but still accepting the job), they may consider the possibility of prosecution.
  • Scenario 3: If you noticed suspicious activities but chose to ignore them, you may bear some legal responsibility. In conclusion, whether this constitutes a crime primarily depends on your level of awareness and intent during the process.

Disclaimer: The above information is for reference only and does not constitute legal advice. I recommend seeking professional legal assistance through our website for specific guidance: https://hkfindlawyer.com/contact-us/

Example 2:

I touched a woman’s toes on the subway. Is that illegal?

Answer from AI:

No, this is not illegal in itself. However, the context and circumstances surrounding the act are crucial in determining whether it could lead to legal consequences.

Detailed Explanation

Touching someone’s toes, if accidental and without any inappropriate intent, generally does not constitute a criminal offense. However, it’s important to understand the legal context:

Sexual Offences Ordinance (Cap. 200), any non-consensual physical contact, especially of a sexual nature, could lead to criminal charges. Section 2 states: “Any person who commits an act of sexual nature without consent is guilty of an offence.”

Hypothetical Scenarios

In summary, while touching someone’s toes may not be illegal in a neutral context, the intent and perception of the other person are critical in determining whether it could result in legal issues.

It is advisable to refrain from any unwanted physical contact to avoid misunderstandings.

Disclaimer: This response is for informational purposes only and does not constitute legal advice. It is recommended to consult with a qualified lawyer regarding any specific legal matters. For professional assistance, visit our website.

Example 3:

I lent my bank account to someone in exchange for compensation. Later, the police informed me that my account was used for money laundering. Am I legally liable?

Answer from AI:

It depends on the situation.

Under Hong Kong law, using another person’s bank account for money transactions, especially when it involves illegal activities such as money laundering, can lead to legal liabilities. The specific legal consequences will depend on various factors, including your level of knowledge and the nature of the transactions.

According to Section 25 of the Organized and Serious Crimes Ordinance, anyone who participates in, assists, or facilitates the use of their account for money laundering activities may face criminal liability.

Legal Basis

  • Definition of Money Laundering: According to the Organized and Serious Crimes Ordinance, money laundering refers to the act of concealing the origin or nature of criminal proceeds.
  • Knowledge vs. Ignorance: If you cannot prove that you were completely unaware of the illegal use of your account, you may be held liable.
  • Assistance or Profit: If you benefited from allowing your account to be used for money laundering, this would increase your liability.

Scenario Analysis

  • Scenario 1: You transferred money through your account but were entirely unaware of the other party’s illegal activities. If you can provide evidence to prove this, you may avoid any legal liability.
  • Scenario 2: You were aware of the illegal activities but still lent your account. In this case, you may be charged with aiding and abetting money laundering and face criminal charges.
  • Scenario 3: You had a written or verbal contract with the other party when lending your account, and they did not inform you of any illegal uses. If these facts can be proven, you are more likely to be seen as innocent under the law.

In conclusion, your legal responsibility will depend on the specific evidence and circumstances. It is advisable to consult a professional lawyer immediately to better understand your rights and liabilities.

Disclaimer: The above information is for reference only and does not constitute legal advice. Please seek professional legal assistance through our website. Contact us.
Other sample questions that can be answered by the AI tool:

  • I posted an article on social media criticizing someone without mentioning their name, but many people knew I was referring to them. Is that defamation?
  • I kept some unknown substances for a friend, only to later discover that they were illegal drugs. Could I be charged with drug possession?
  • I threatened my neighbor that if he didn’t lend me money, I would reveal his private matters to others. Is that extortion?
  • I exaggerated my income to obtain a higher loan amount. Could this be considered a false statement?
  • I married a foreign friend to help them obtain residency, but we don’t live together. Is that a sham marriage?
  • I was speeding on the highway but caused no accidents. Could this be considered dangerous driving?
  • I used a hidden camera to take inappropriate pictures of a woman. Could I be charged with voyeurism?
  • I repeatedly sent inappropriate messages to a female colleague, despite her showing discomfort. Is this sexual harassment?

These are common legal questions that users may encounter, and the AI tool provides initial insights to help them understand if their actions may have broken the law.

Disclaimer: The AI is still learning, and errors or incomplete judgments may occur. We strongly advise users to consult a professional lawyer after receiving the AI’s preliminary judgment to ensure accurate legal advice.

This tool aims to become the first point of legal consultation for citizens, providing quick and convenient legal guidance and helping them seek further professional legal services.

Future Outlook:

As AI technology continues to develop, HKFindLawyer.com will continuously improve the accuracy and scope of this tool. We plan to introduce expert systems for specific legal fields, enabling the AI to handle more complex legal issues. Additionally, we will introduce bilingual support and explore collaborations with more legal institutions to offer users more professional and comprehensive legal solutions. We believe that the combination of AI and the legal field will greatly enhance access to legal services and gradually transform how people approach legal consultations.

Hashtag: #HKFindLawyer

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

HKFindLawyer.com

HKFindLawyer.com is a leading online platform connecting individuals with qualified legal professionals across Hong Kong. The platform aims to make legal services more accessible and affordable by offering free consultations and objective lawyer rankings. In addition to its lawyer matching services, HKFindLawyer.com uses advanced technology, including AI tools, to empower users with legal insights and guidance. With a commitment to innovation and user convenience, HKFindLawyer.com is transforming how people seek legal help in Hong Kong.

ONESIAM Unveils The Magical Celebration: A 3-Month Festivity of Entertainment, Gourmet Delights, Immersive Light Displays, and Limited-time Offers Across 5 Experiential Destinations

Celebrate in Pure Magic, from October to December 2024


BANGKOK, THAILAND – Media OutReach Newswire – 24 October 2024 – Bangkok is set to become the ultimate destination for world-class year-end celebrations as ONESIAM, which encompasses extraordinary experiences across five of the city’s top experiential destinations, transforms Bangkok into a vibrant hub of grand celebrations. Under the banner of “The Magical Celebration,” this three-month festivity invites visitors from around the world to immerse themselves in a sensory journey filled with magical joy.

“The Magical Celebration”: Top Must-See Highlights from October to December 2024

The lineup of celebrations promises to engage all five senses – sight, sound, taste, touch, and smell – offering a magical experience for every visitor. Whether it’s enchanting light displays that captivate the eye, live musical performances that echo through the halls, gourmet feasts that delight the palate, floral scents that fill the air, or creative workshops that inspire personal expression, each destination delivers an unforgettable sensory journey.

The magical year-end celebrations begin in October and run through December across five destinations that make up the ONESIAM experiences: Siam Center, Siam Discovery, Siam Paragon, ICONSIAM, and Siam Premium Outlets Bangkok.

Siam Center kicks off the festivities with “The Magical Art (of) Toy Celebration,” a whimsical journey featuring over 100 art toy characters. A key highlight of the celebration is the exclusive collaboration between Siam Center, Siam Paragon, and the renowned Thai artist, Nisa “Molly” Srikamdee, the creator of the globally beloved Crybaby characters. This partnership marks the debut of two highly anticipated exhibitions, Siam Center x CryTeddy “Holding On” and Siam Paragon x CryBunny “Letting Go”, which are set to run from November 20 to December 1.

Other notable art toy events at Siam Center include Wendy Pop-Up, marking its first appearance in Thailand, the highly anticipated TOYZERO+ WORLD (Bangkok) from Dec 4 to Feb 2 and the Pony on Wheel Pop-Up, all ensuring a continuous stream of entertainment for visitors throughout the holiday season.

Meanwhile, Siam Discovery invites visitors to embark on a journey of self-discovery with its “New ‘ME’ Resolutions” series of events. Highlights include workshops at marimekko end of October. Additionally, starting December, the venue will transform into a captivating Christmas Market, filled with an array of seasonal treasures waiting to be discovered. The festive spirit further brightens with the mesmerizing lighting of the Sustainable Living X’mas Tree 2024 on November 21.

For those seeking luxury and indulgence, Siam Paragon‘s “The Magical Celebration” invites visitors to immerse themselves in a world of premier experiences. The excitement begins with the opening of Thailand’s first-ever Le Café AMI and Pop-Up Store. Following this, the much-anticipated Nintendo Store will make its debut in Thailand on November 21, bringing joy to gamers and gift hunters alike. As the holiday spirit fills the air, the Festive Decorations by renowned Maison will create a magical atmosphere that unites all in celebration from November 27 onwards.

Siam Paragon will also host a grand 19th-Anniversary Celebration from early December, which features limited-time offers. Adding to the allure is the “Eternal Bloom: The Silk Rose Garden,” an immersive floral display of exotic rose species from December 5 to December 15. Finally, from December 23 to December 31, the “Siam Paragon Glorious Countdown 2025” kicks off the with entertainment and performances from global superstars for a celebration to remember.

As the year draws to a close, visitors can immerse themselves in iconic celebrations at ICONSIAM, the premier mall that sits along the majestic Chao Phraya River. Here, guests will encounter the very best of Thailand and the world through a vibrant cross-cultural fusion. Kicking off on October 29, the “ICONSIAM Bangkok Illumination x ROBBiART” will dazzle attendees with mesmerizing Christmas tree displays in collaboration with ROBBi, the beloved character from China.

Mid November, visitors can enjoy Thailand’s first-ever thematic “ICONSIAM x Be@rBrick Celebrating ICONIC Experience” Be@rBrick Café as well as “ICONSIAM Thaiconic Loy Krathong Festival”, the famed light festival. Last but not least, the “Amazing Thailand Countdown 2025 – Iconic Celebration of Thai-Global Phenomena,” which will take place from December 29 to 31, promises to be an unforgettable 3-day spectacle of fireworks and performances, positioning ICONSIAM as one of the world’s premier countdown destinations.

As the celebrations unfold, Siam Premium Outlets Bangkok will elevate the festive spirit with “The Magical Celebration” photo corners, designed to capture enchanting moments throughout December. From December 28 to January 1, visitors can also join in on festive-themed DIY workshops.

Apply for the ONESIAM Global Card to elevate guest experience with exclusive tourist privileges, promotions and services.

To elevate the year-end celebrations further, international visitors are invited to apply for the ONESIAM Global Card, to access extraordinary promotions, privileges, and services. Visitors can enjoy up to 30% off at participating brands, complimentary welcome gifts and dining vouchers, as well as free Wi-Fi and lounge accesses. From November 16 to December 31, visitors can also take advantage of extra offers from financial partners like Visa, Mastercard and UnionPay. To apply, please visit https://bit.ly/ApplyCardONESIAMYearEnd_

With CNN recently naming Bangkok as top 10 countdown destination in 2023, there’s no better place to experience the magic of the year’s end. The grandeur of these awe-inspiring events positions these locations as must-visit destinations for anyone planning a festive trip to Bangkok this year-end.

For more information on the 3-month celebration, please visit https://bit.ly/ONESIAMTheMagicalCelebration

Hashtag: #ONESIAM #ONESIAMGlobal #ONESIAMexperience #Countdown2025 #CountdownBangkok #CountdownThailand #SiamParagon #ICONSIAM #RetailAsia #SiamPiwat #ChristmasBangkok #Bangkok #Thailand #SiamDiscovery #SiamCenter #SiamPremiumOutletsBangkok #Shopping #TopCountdownDestination #AmazingThailandCountdown2025 #ONESIAMGlobalCard

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

About ONESIAM

ONESIAM is the ultimate guest experience program initiated by Siam Piwat – one of Asia’s leading luxury retail developer and operator – which aims to showcase a collective of extraordinary experiences across six world-class experiential destinations in the heart of Bangkok, namely Siam Paragon, Siam Center and Siam Discovery, ICONSIAM – the global landmark by the Chao Phraya River, ICS, Siam Premium Outlets Bangkok – the only premium luxury outlet in Thailand, as well as ONESIAM SuperApp – the smart digital platform. ONESIAM aims to share the breadth of the collective destinations while promising to amaze, inspire and revolutionize visitors through exceptional and enriching experiences, ultimately offering a comprehensive journey, unmatched anywhere else in the world.

ZJLD been Rated Again as the “Top 100 Best ESG Practices” Among China’s Listed Companies in 2024 by Wind


HONG KONG SAR – Media OutReach Newswire – 24 October 2024 -The first baijiu company listed on the Hong Kong Stock Exchange and the second Chinese sauce-aroma baijiu stock being publicly listed, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), is pleased to announce that it has been rated again as the Top 100 Best ESG Practices among all listed companies in Greater China with “AA” ESG rating by Wind, a top-tier financial information service provider in China.

Wind’s latest data reveals that as of October 17th, only 141 out of the 7,938 listed companies have been awarded an “AA rating or above” in its ESG assessment framework. ZJLD comes first in both the baijiu and wine category and the “Consumer Staples” sector regarding overall ESG performance. This marks the second consecutive year for ZJLD as the sole baijiu company on this prestigious list, underscoring the Group’s unwavering commitment and exemplary achievements in the realms of environmental, social, and corporate governance (ESG). The Company’s innovative approaches and invaluable experiences have set a new benchmark, serving as a wellspring of inspiration and role model for the industry’s multifaceted progress in the ESG domain.

ZJLD has long prioritized ESG management and implementation. The Company has established a comprehensive ESG governance framework and action plan, covering energy conservation and emissions reduction, green packaging, quality assurance, employee welfare, rural revitalization, charitable initiatives, and the advocacy of responsible drinking – encompassing 4 strategic goals and over 300 ESG implementation measures. Through these tireless efforts, ZJLD has solidified its leadership position as an innovative ESG trailblazer in the baijiu industry.

From the environmental perspective, ZJLD has embedded water resource management, climate change risk mitigation, and sustainable packaging as critical priorities, seamlessly integrating these practices into its daily operation processes. The Group has also increased the proportion of renewable energy utilized at its facilities and the usage of sustainable packaging materials, leading to the Group’s flagship “Zhen Jiu” brand being recognized as the “National Green Factory”. From the Social perspective, ZJLD encourages agriculture development, such as sorghum and wheat, across Guizhou, Hunan, Jiangxi, and Henan, benefiting more than 100,000 rural farmers. The Group has also strengthened its commitment to gender equality, labor rights, philanthropic contributions to education, and disaster relief, steadfastly fulfilling its social responsibilities.

Mr. Paul Ng, the Executive Director and Head of International Operations of ZJLD Group, expressed, “Being awarded as one of the ‘Top 100 Best ESG Practices’ Among China’s Listed Companies for the second consecutive year is a testament to the Group’s unwavering exploration and diligence on the path of sustainable operations. We will continue to uphold our ESG-centric business philosophy, with environmental protection, social welfare, and corporate governance as our three pillars. We will further optimize our management systems and deepen practical implementation to set new industry benchmarks for ESG excellence.”

Hashtag: #ZJLD

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

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Guizhou, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau to become one of the two sauce-aroma baijiu served at state banquets. It is now one of the “Three Representative Baijiu Brands in Guizhou”.

ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering premium baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma. In terms of revenue in 2023, the Company was the third-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four baijiu brands in China, including two national baijiu, Zhen Jiu and Li Du, and two regional brands, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic products. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

Ascott China And Jin Jiang Hotels (China Region) Join Forces To Accelerate Asset-Light Expansion Of Apartment Hotel Brands Quest And TULIP LODJ

Partnership is unveiled at the Ascott Unlimited Global Marquee Event during ITB Asia 2024, capping off a year-long campaign celebrating Ascott’s 40th anniversary


SINGAPORE – Media OutReach Newswire – 23 October 2024 – The Ascott Limited (Ascott), the lodging business unit wholly owned by CapitaLand Investment (CLI), is pleased to announce that Ascott China has entered a 50:50 joint venture with Jin Jiang Hotels (China Region) to advance the asset-light expansion of their respective apartment hotel brands in China, namely Ascott’s Quest and Jin Jiang Hotels’ TULIP LODJ. Using primarily a franchise model, the joint venture will enable the rapid growth of Quest and TULIP LODJ to meet China’s underserved demand for apartment hotels in the upscale and upper midscale segments, while driving long-term investment success for owners. From the outset, the joint venture company will manage two operating properties in Wuhan and one pipeline property in Shenzhen franchised under TULIP LODJ, totalling about 600 units. Plans are underway to broaden the footprint of TULIP LODJ and launch Quest in China by providing opportunities for franchised partnerships.

Jin Jiang is China’s largest and the world’s second largest hotel group[1] with about 13,250 operating hotels, over 1.34 million rooms and nearly 200 million loyalty members. The joint venture represents a win-win collaboration between Ascott China and Jin Jiang Hotels (China Region) to tap the vast potential of the country’s hotel franchise industry. It will leverage Jin Jiang Hotels’ franchise-ready infrastructure comprising strong local teams and robust supply chains across the country to rapidly launch the Quest brand and provide strong support for its future expansion. In parallel, the collaboration will build on Ascott’s years of in-depth experience operating international-class serviced residences to develop TULIP LODJ into a high-quality apartment hotel brand. Properties under the joint venture will join the distribution networks and loyalty programmes of both Ascott and Jin Jiang Hotels. Guests who are members of both Ascott Star Rewards and Jin Jiang Rewards will enjoy the flexibility to earn and redeem points with either programme when booking stays at Quest and TULIP LODJ in China.

At the Ascott Unlimited Global Marquee Event held on 23 October 2024, representatives from Ascott and Jin Jiang Hotels marked their strategic partnership to accelerate the expansion of their apartment hotel brands Quest and TULIP LODJ in China, witnessed by Guest-of-Honour Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth (centre). From left to right: Mr Joseph Wong, Managing Director of China, Ascott; Mr Kevin Goh, CEO for Ascott and CLI Lodging; Ms Zhou Wei, Vice President of Jin Jiang International Group; and Ms Wang Wei, CEO of Jin Jiang Hotels (China Region).
At the Ascott Unlimited Global Marquee Event held on 23 October 2024, representatives from Ascott and Jin Jiang Hotels marked their strategic partnership to accelerate the expansion of their apartment hotel brands Quest and TULIP LODJ in China, witnessed by Guest-of-Honour Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth (centre). From left to right: Mr Joseph Wong, Managing Director of China, Ascott; Mr Kevin Goh, CEO for Ascott and CLI Lodging; Ms Zhou Wei, Vice President of Jin Jiang International Group; and Ms Wang Wei, CEO of Jin Jiang Hotels (China Region).

This strategic partnership is unveiled at the Ascott Unlimited Global Marquee Event during ITB Asia 2024, marking the culmination of Ascott’s year-long campaign celebrating 40 years of hospitality excellence. The event is attended by about 300 guests with Mr Alvin Tan, Singapore’s Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, in attendance as the Guest-of-Honour.

Mr Kevin Goh, Chief Executive Officer for Ascott and CLI Lodging, said: “2024 has been a groundbreaking year as we mark Ascott’s 40th anniversary. From record signings in key markets like Europe and Southeast Asia to being named the Official Global Hotels Partner of Chelsea Football Club, every milestone underscores Ascott’s innovative spirit and commitment to growth through our distinctive flex-hybrid hotel-in-residence model. As we conclude our year-long Ascott Unlimited campaign with the Global Marquee Event, we are delighted to announce a new partnership with Jin Jiang Hotels. The collaboration will accelerate our asset-light expansion in China by leveraging Jin Jiang’s franchise-ready infrastructure, complementing our successful management strategy in the market where we currently operate more than 220 properties in over 40 cities. With 90% of Ascott’s global portfolio already operating under management and franchise agreements, we remain focused on advancing our asset-light strategy for further growth.”

“Quest is the leading apartment hotel brand in Australasia, and we see tremendous potential in extending its success to China as the country’s hotel franchising industry continues to mature. Recent research[2] indicates that 68% of new hotel signings in China in the first half of 2024 are franchise contracts – up from 61% a year ago and surpassing the average of 62% in regions outside the Americas. Our plans to establish Quest’s brand presence in China align with our overall growth strategy and reinforce our commitment to maximising the value of Ascott’s acquisition of this esteemed brand,” he added.

Mr Lee Ngor Houai, Chief Operating Officer, Europe, Middle East, Africa (EMEA), South Asia and China, Ascott, said: “Bleisure travel is thriving in China as professionals seek the ideal blend of work and leisure, creating a vibrant demand for apartment hotels. Quest is poised to meet this need with its signature spacious and convenient accommodations designed for business travellers and families alike. Lauded as Australasia’s largest apartment hotel brand with over 160 properties across Australia, New Zealand, Fiji and the United Kingdom, we see significant promise in extending the brand influence of Quest to China. Leveraging our complementary strengths with Jin Jiang Hotels, we are confident that the joint venture will serve as an excellent platform for local owners to access one of Ascott’s iconic brands and bring it to their respective locations. We will work closely with Jin Jiang Hotels to develop supportive frameworks and effective commercial strategies to power the success of Quest and TULIP LODJ owners in China.”

Ms Wang Wei, Chief Executive Officer, Jin Jiang Hotels (China Region), said: “We are pleased to collaborate with Ascott to create more flagship apartment hotel properties in China that combine the best qualities of hotels and serviced apartments. By bringing TULIP LODJ into the joint venture, we aim to propel the development of this unique social living concept that blends the rich cultures of China and France. As franchising becomes an increasingly important business model in China’s hospitality industry, the joint venture is well-positioned to leverage the established franchise capabilities of both Ascott and Jin Jiang Hotels to fuel new growth. Harnessing our respective strengths through this partnership, we look forward to helping both TULIP LODJ and Quest achieve significant growth in property numbers and brand influence in China, and providing guests with diverse, high-quality stay experiences.”

More information about the Quest and TULIP LODJ brands in China is available in Annex A and Annex B respectively.

Ascott Unveils Its Most Ambitious Showcase Yet at ITB Asia 2024
With more than 80% of its business based in Asia Pacific, Ascott fittingly concludes its year-long Ascott Unlimited campaign with its largest-ever presence at ITB Asia, one of the region’s premier travel trade show and convention. In its inaugural role as the event’s Official Partner Hotel, Ascott is extending its hospitality to hosted buyers of ITB Asia 2024 at The Robertson House by The Crest Collection, a beautiful colonial-style building steeped in rich history and offering stunning views of the Singapore River.

Mr Kevin Goh, CEO for Ascott and CLI Lodging, delivered a keynote address titled “Navigating the Future of Travel – Embracing Technological Innovations” at the opening of the ITB Asia 2024 on Wednesday, 23 October. This year marked Ascott’s largest participation to-date at the region’s premier travel trade show and convention as the company marked its 40th anniversary and transformation as a global hospitality company.
Mr Kevin Goh, CEO for Ascott and CLI Lodging, delivered a keynote address titled “Navigating the Future of Travel – Embracing Technological Innovations” at the opening of the ITB Asia 2024 on Wednesday, 23 October. This year marked Ascott’s largest participation to-date at the region’s premier travel trade show and convention as the company marked its 40th anniversary and transformation as a global hospitality company.

Highlighting Ascott’s leadership, Mr Kevin Goh delivered a keynote address at the opening of the ITB Asia 2024 in the morning of 23 October. Titled “Navigating the Future of Travel – Embracing Technological Innovations”, his speech outlined the key characteristics of the “guest of tomorrow” and emphasised essential changes industry leaders must adopt to meet the demands of a travel landscape that is becoming more personalised, connected and committed to sustainability.

The Ascott Unlimited Global Marquee Event featured a dialogue session that brought together four travel industry leaders Mr Loh Lik Peng, CEO of Unlisted Collection; Mr Kevin Goh, CEO for Ascott and CLI Lodging ; Ms Zhou Wei, Vice President of Jin Jiang International Group; and Mr Frank Trampert, Senior Vice President and Global Managing Director of Community Sales at Sabre Hospitality. The panellists discussed the unique advantages Asia holds in driving positive changes through innovation, technology and sustainability in the future travel ecosystem.
The Ascott Unlimited Global Marquee Event featured a dialogue session that brought together four travel industry leaders Mr Loh Lik Peng, CEO of Unlisted Collection; Mr Kevin Goh, CEO for Ascott and CLI Lodging ; Ms Zhou Wei, Vice President of Jin Jiang International Group; and Mr Frank Trampert, Senior Vice President and Global Managing Director of Community Sales at Sabre Hospitality. The panellists discussed the unique advantages Asia holds in driving positive changes through innovation, technology and sustainability in the future travel ecosystem.

In the afternoon, Ascott is hosting the exclusive Ascott Unlimited Global Marquee Event featuring a dialogue session, followed by an evening of networking among trade partners and industry leaders. Titled “Transforming Travel: Can Asia Lead the Charge in Revolutionising the Hospitality Industry?”, the dialogue session brings together four travel industry leaders to explore the unique advantages Asia holds in driving positive changes through innovation, technology and sustainability in the future travel ecosystem. Moderated by veteran presenter Ms Diana Ser, the panel comprises Mr Kevin Goh; Mr Loh Lik Peng, Chief Executive Officer of Unlisted Collection; Ms Zhou Wei, Vice President of Jin Jiang International Group; and Mr Frank Trampert, Senior Vice President and Global Managing Director of Community Sales at Sabre Hospitality.

A recap of key milestones from the year-long Ascott Unlimited campaign is included in Annex C.

Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth (third from left), enjoying a bottle of healthy green juice crafted to represent the Somerset brand at Ascott’s booth at ITB Asia 2024. He was accompanied by (from left to right) Mr David Ruetz, Senior VP, Messe Berlin; Ms Melissa Ow, Chief Executive, Singapore Statutory Board; Ms Beh Siew Kim, Chief Financial & Sustainability Officer for CLI Lodging and MD of Japan and Korea, Ascott; Ms Tan Bee Leng, Chief Commercial Officer for Ascott; and Mr Mario Tobias, CEO of Messe Berlin, with a special appearance by Cubby, Ascott’s beloved mascot.
Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth (third from left), enjoying a bottle of healthy green juice crafted to represent the Somerset brand at Ascott’s booth at ITB Asia 2024. He was accompanied by (from left to right) Mr David Ruetz, Senior VP, Messe Berlin; Ms Melissa Ow, Chief Executive, Singapore Statutory Board; Ms Beh Siew Kim, Chief Financial & Sustainability Officer for CLI Lodging and MD of Japan and Korea, Ascott; Ms Tan Bee Leng, Chief Commercial Officer for Ascott; and Mr Mario Tobias, CEO of Messe Berlin, with a special appearance by Cubby, Ascott’s beloved mascot.

Visit Ascott’s booth P05 at ITB Asia 2024
From 23 to 25 October, Ascott will showcase its largest booth to date at ITB Asia 2024. Located at P05, the booth highlights the company’s flexible hospitality solutions aligned with the latest travel trends, including bleisure travel and multigenerational family travel. It comprises three activity zones packed with fun-filled experiences. In the “Game On, Stay On!” zone celebrating Ascott’s partnership with Chelsea Football Club, visitors can challenge each other to a foosball match, sign up for a complimentary Ascott Star Rewards membership, and score an instant silver-tier upgrade on their first app login – all while immersing themselves in the vibrant, experience-led social living atmosphere of Ascott’s lyf brand.

The “Top It Up!” zone will feature a bar reminiscent of the Oakbar at Ascott’s Oakwood properties, serving bespoke drinks crafted to highlight the unique positioning of different Ascott brands. Lastly, the “In Full Swing!” zone features an Instagram-worthy treehouse swing, making the perfect spot for capturing memorable moments while discovering the leisure-centric experiences offered by Ascott’s brands, including the family-friendly Somerset. Visitors can also participate in games and enter a lucky draw for a chance to win exciting prizes.


[1] Source: 2023 global hotel group rankings by HOTELS.

[2] Source: Horwath Global Signings Report 1H 2024.

Annex A – Quest brand in China
The Quest brand in China seeks to serve as a second home and an ideal workspace for guests, accommodating both long-term and short-term stays. Quest properties in China will highlight the brand’s signature neutral tones and bleisure design style, reflecting the understated elegance of urban hotels while also enhancing its features to align with current Chinese lifestyles.

The Quest show room in Shanghai showcases functional areas, including the bedroom, living area, bathroom and balcony, designed to seamlessly integrate and meet the needs of the Chinese market.

Quest in China employs modular and quick-installation techniques for various aspects, including wall materials, furniture and storage solutions, enabling precise cost control while allowing owners to choose the configurations based on their needs, whether for new build or conversion projects.

Quest properties will feature amenities such as fitness centres and meeting rooms, alongside services like regular room cleaning, laundry assistance and reservations at local restaurants. The brand’s signature blend of the comforts of home and the service of a hotel helps guests feel at home, appealing to travellers staying for days, weeks, or even months. Each Quest property in China will be locally owned and managed, allowing guests to immerse themselves in the local way of life and enjoy a comfortable stay.

Annex B –TULIP LODJ in China
TULIP LODJ is an apartment hotel brand with a unique Franco-Chinese heritage. Originating from the French Louvre Hotels Group, it primarily targets travellers who appreciate the comforts of home while exploring new destinations. After Jin Jiang Hotels acquired the Louvre Hotels Group, the brand was officially introduced to the Chinese market, with Jin Jiang Hotels (China Region) authorised to expand and manage its operations.

Recognising the increasingly diverse lifestyles and preferences of China’s younger generation who place a high value on digital experiences, TULIP LODJ has focused its product design on the concept of creating an Urban Creative Home. This approach caters to urban professionals, young creatives, overseas returnees and pet lovers, offering a rich variety of experiences and a digital lifestyle that resonates with these city dwellers.

In November 2023, TULIP LODJ opened its first location in Wuhan featuring a high-quality, social living apartment hotel concept. The property fills a gap in the local market for mid-to-high-end accommodation, achieving several consecutive days of full occupancy during its first month. To date, the property has maintained an occupancy rate of over 90%.

The Jinma Tower, where the property is located, is part of a key urban renewal initiative supported by the local government, making TULIP LODJ a prime example of how Jin Jiang Hotels (China Region) is revitalising existing assets and promoting sustainable development. Currently, TULIP LODJ operates two properties in Wuhan – TULIP LODJ Wuhan Wusheng Road and TULIP LODJ Wuhan Fanhai CBD. Another project in Shenzhen, TULIP LODJ Lido Residence Shenzhen Nanshan, is set to open by early 2025.

Annex C – Highlights of Ascott Unlimited Campaign
Celebrating 40 years in hospitality service in 2024, Ascott launched a year-long campaign at the start of this year to adapt to changing times and pursue new ambitions. Unveiled at the Southeast Asia debut of the Asian Hotel Industry Conference & Exhibition (AHICE) 2024, the launch marked a new era for the company as it embraces a future of unlimited possibilities in the evolving travel landscape.

Ascott Unlimited represents Ascott’s transformative journey to go unlimited in different ways for its stakeholders, offering enhanced value for owners, myriad experiences for guests, and growth opportunities for associates.

Unlimited Freedom
With its distinctive flex-hybrid hotel-in-residence model, Ascott provides owners with opportunities to maximise their business potential while offering travellers a wide range of experiences across 14 brands, allowing them to stay in a way that suits their preferences.

Aligning with the evolving needs of travellers today, Ascott unveiled two brand refresh initiatives this year for Oakwood and The Unlimited Collection.

The refreshed Oakwood brand addresses a growing market of business professionals who increasingly value holistic travel experiences, through providing the comforts of home and beyond to guests, no matter where their journeys lead to. Offering guests even more options across even more destinations, the brand further expanded across more city hotels and full-service resorts including Oakwood Ha Long in Vietnam and Oakwood Suites Chongli in China.

Tapping the popularity of experiential travel, The Unlimited Collection was refreshed to accentuate its focus on cultural charms and immersive local culture experiences. The brand also grew its footprint into new destinations such as Vietnam with its first resort Anmira Resort & Spa Hoi An by The Unlimited Collection as well as its first two properties in the United Kingdom Mount Royal Hotel Edinburgh by The Unlimited Collection and The Grand Hotel Leicester by The Unlimited Collection.

During the year, Ascott announced significant expansion plans in Europe and Southeast Asia, highlighting the trust and confidence of its owners in the company’s growth and management capabilities. In Europe, the company signed six new properties – marking the debut of The Unlimited Collection brand and expanding the lyf brand – which increased its European portfolio by 14% to about 8,000 units. In Southeast Asia, Ascott secured 28 new agreements, adding over 3,400 units and boosting its regional portfolio to over 360 properties across 86 cities, reflecting a remarkable growth trajectory with its portfolio increasing more than fivefold over the past decade.

Unlimited Choices
With loyalty as a key driver of growth, Ascott celebrated the fifth anniversary of Ascott Star Rewards (ASR) with a refreshed brand promise that extends its benefits beyond just stays. This year, the loyalty programme introduced Ascott Privilege Signatures, a global initiative that allows members to access exclusive, unforgettable experiences, including world-class sporting events like The Championships Wimbledon and the Singapore Night Race. ASR also launched a series of Local Signatures designed to engage and reward members through unique local events.

Leveraging synergies with like-minded partners to realise its global ambition and grow its network of members, Ascott entered a multi-year partnership with Chelsea Football Club as its ‘Official Global Hotels Partner’ in July.

The partnership provides unparalleled opportunities for Ascott to bring together the worlds of hospitality and football to curate memorable fan engagement activities, exclusive offers for Chelsea supporters, and bespoke stay experiences at Ascott properties for fans and guests alike. Ascott has started collaborating with Chelsea to engage with football enthusiasts through various initiatives, including the debut of The Famous CFC international fan engagement programme in Southeast Asia, starting with Singapore.

Details available at https://www.discoverasr.com/ascott-chelseafc.

Unlimited Opportunities
With associates as the foundation of Ascott’s business, empowering its people to build thriving careers is a top priority. In May, the Ascott Global Academy for Excellence was launched to nurture and strengthen the talent pool in the industry.

Ascott also launched an internal associate campaign to highlight the growth opportunities available for personal development. This initiative featured the personal stories of six associates from diverse backgrounds and roles, showcasing their journeys of growth and development.

Unlimited Good
With a commitment to a culture of care and hospitality, Ascott is growing responsibly as a changemaker, driven by a purpose to impact the future of travel.

In support of World Cleanup Day this year, over 1,000 associates from countries across Asia, including China and Thailand, participated in local initiatives to raise awareness of the global waste crisis, effectively clearing more than one tonne of waste.

Throughout September and October, associates from Ascott properties and offices worldwide united in partnership with CapitaLand’s annual #GivingAsOne campaign. Together, they drove collective social impact through volunteer activities focused on the theme of building resilience in children through education, health, and well-being.

For example, in Singapore, 136 volunteers from Ascott’s headquarters and local team supported the Children’s Day carnival at Rainbow Centre Yishun Park School. They played a key role in bringing the event to life, engaging the children through games and activities designed to empower them.
Hashtag: #ascott

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

About The Ascott Limited

Since pioneering Asia Pacific’s first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with over 960 properties globally. Headquartered in Singapore, Ascott’s presence extends across about 230 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.

Ascott’s diversified accommodation offerings span serviced residences, coliving properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include , , , , , , , , , , , , and . Through Ascott Star Rewards (ASR), Ascott’s loyalty programme, members enjoy exclusive privileges and offers at participating properties.

A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.

This year, Ascott marks 40 years in hospitality service with the launch of Ascott Unlimited, a full year campaign that will offer Unlimited Opportunities, Unlimited Choices, Unlimited Freedom, and Unlimited Good. Navigating a future of unlimited possibilities against a backdrop of global change and evolving perspectives of travel, Ascott Unlimited marks Ascott’s ambitions to break new ground, and springboard to its next chapter of growth as a global hospitality company. Find out more about Ascott Unlimited at .

For more information on Ascott and its sustainability programme, please visit . Alternatively, connect with us on , , and .

About CapitaLand Investment Limited (www.capitalandinvest.com)

Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As at 30 June 2024, CLI had S$134 billion of assets under management, as well as S$100 billion of funds under management held via six listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in thematic and tactical strategies. Its diversified real estate asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage and data centres.

CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand’s development arm.

As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

A Celebration of Raffles Luxury at Galaxy Macau signals a new chapter of exceptional hospitality


MACAU SAR – Media OutReach Newswire – 23 October 2024 – Galaxy Macau™ announced the completion of Raffles at Galaxy Macau today, officially opening the doors to the preeminent luxury hospitality experience of Raffles. A true standard-bearer of refinement, Raffles at Galaxy Macau is an all-suites property complemented by unparalleled guest services, a stellar line-up of world class dining establishments including Sushi Kissho; the first international restaurant of three-Michelin starred Japanese sushi master, Masaaki Miyakawa; Japanese teppanyaki Omakase specialist, Teppanyaki Shou; and the world’s first speakeasy rendition of the Raffles Long Bar. The completion of this latest property, home to approximately 450 timelessly elegant suites, significantly enhances Galaxy Macau’s award-winning and luxury positioning; bringing the resort’s total number of hotels to eight, with over 5,000 hotel rooms and suites.

Galaxy Macau™ announced the completion of Raffles at Galaxy Macau today. Mr. Francis Lui, Vice Chairman, Galaxy Entertainment Group delivered the keynote speech.
Galaxy Macau™ announced the completion of Raffles at Galaxy Macau today. Mr. Francis Lui, Vice Chairman, Galaxy Entertainment Group delivered the keynote speech.

Delivering the keynote speech, Mr. Francis Lui, Vice Chairman, Galaxy Entertainment Group said; “We are keen to continue our mission of delivering the ultimate expression of luxury to guests at our world-class integrated resort. On behalf of Galaxy Entertainment Group, I am delighted to announce the completion of Raffles at Galaxy Macau. This property is an iconic addition to Galaxy Macau’s signature ‘house of brands’. Raffles is venerated the world over for its time-honored reputation as a standard-bearer of exceptional luxury service. We are honored to unveil such a stunning new addition to enhance Macau’s tourism and gastronomic landscape; creating suite stays and culinary experiences that redefine luxury hospitality at Asia’s most highly-awarded and renowned resort destination.”

Mr. Francis Lui, and Mr. Gary Rosen, CEO, Accor Greater China (right) slowly poured the Golden liquid into the ice sculpture for the celebration, which signals a new chapter of exceptional hospitality for Raffles at Galaxy Macau.
Mr. Francis Lui, and Mr. Gary Rosen, CEO, Accor Greater China (right) slowly poured the Golden liquid into the ice sculpture for the celebration, which signals a new chapter of exceptional hospitality for Raffles at Galaxy Macau.

In collaboration with Accor and the leading luxury hospitality brand, Raffles Hotels & Resorts, the property was officially launched to an elite audience of government officials and business leaders, as well as select global media. This esteemed group witnessed the expression of the unique Raffles at Galaxy Macau and the world of elegance and glamour that it offers to its discerning guests.

“As one of the world’s original preeminent luxury hospitality brands, Raffles has welcomed generations of discerning travellers while continuing to raise the bar for luxury hospitality around the world. We are thrilled to bring the legendary Raffles brand to the Galaxy Macau resort, officially opening the doors to a magnificent all-suite destination in the world,” said Mr. Gary Rosen, CEO, Accor Greater China. “Raffles at Galaxy Macau adds an exciting new dimension to the Raffles’ family, while elevating Macau’s thriving hospitality scene with the distinctive Raffles experience. We are confident that guests will return to this landmark luxury hotel, not merely for the compelling mix of culture, beauty and refinement that surrounds them, but for the extraordinary way they feel when in residence with Raffles.”

Mr. Kevin Kelley, Chief Operating Officer— Macau of Galaxy Entertainment Group(first from left) and Mr. Troy Hickox, Head of Hotels & Lifestyle Development of Galaxy Entertainment Group(first from right), together with the two officiating guests, witness the completion of Raffles at Galaxy Macau.
Mr. Kevin Kelley, Chief Operating Officer— Macau of Galaxy Entertainment Group(first from left) and Mr. Troy Hickox, Head of Hotels & Lifestyle Development of Galaxy Entertainment Group(first from right), together with the two officiating guests, witness the completion of Raffles at Galaxy Macau.

A New Expression of Legendary Raffles’ Butler Service

Drawing upon the timeless essence of the brand, Raffles at Galaxy Macau delivers thoughtful, personal and discreet service to well-traveled guests. Attentive and intuitive, Raffles butlers are the living embodiment of bespoke service. Professionally trained, their aim is to make every guest’s stay as seamless and memorable as possible – with 24-hour VIP care, meaningfully crafted and thoughtfully personalized, both prior to and throughout their stay.

The professional team led by Mr. Saurabh Mishra, Assistant Senior Vice President and General Manager, Raffles at Galaxy Macau. With nearly two decades of experience in the hospitality sector across various Asian regions, exemplifies a dedication to excellence and innovation in luxury hospitality. Driven by a strong sense of purpose and a success-oriented mindset, he has a knack for cultivating exceptional, award-winning teams that prioritize profound, and meaningful experiences for both customers and colleagues.

Guests took a memorable shot at the Raffles lobby.
Guests took a memorable shot at the Raffles lobby.

The World’s First Speakeasy Long Bar

At the Long Bar at Raffles at Galaxy Macau, a world of intrigue and adventure awaits. Since the first Singapore Sling was mixed at Long Bar at Raffles Singapore in 1915, the famous lounge has expanded around the world while continuing its tradition of delighting guests with exotic cocktails infused with local flavors. Long Bar at Raffles at Galaxy Macau takes inspiration from the Madre de Deus, a Portuguese carrack that brought precious spices to Macau in the 1500s. Echoing the subterranean coastal caves once teeming with sailors and sunken treasures, the Long Bar is hidden from view in true speakeasy style. Guests enter through a nautical porthole door, where they encounter a chiseled cavern, designed by Hong Kong interior design star Joyce Wang. A secret rendezvous for modern-day explorers and connoisseurs of fine libations.

Award-winning mixologist Antonio Lai, a Hong Kong native, pays homage to the early days of gin making, when stills were stored in caves. Lai masterfully crafts vintage gin-based cocktails, flavoring with spices that were once transported by the Madre de Deus as she crossed the globe. Traditional seasonings such as pepper, cloves, cinnamon, mace, and nutmeg find new life in creative concoctions. Featuring live vinyl DJ sets, Raffles at Galaxy Macau’s speakeasy Long Bar smoothly blends the flavors from the spice trade with modern cocktail culture and global gastronomy for an authentic and spellbinding experience.

Long Bar at Raffles at Galaxy Macau, the world’s first speakeasy long bar, takes inspiration from the Madre de Deus, a Portuguese carrack that brought precious spices to Macau in the 1500s, creating a world of intrigue and adventure awaits.
Long Bar at Raffles at Galaxy Macau, the world’s first speakeasy long bar, takes inspiration from the Madre de Deus, a Portuguese carrack that brought precious spices to Macau in the 1500s, creating a world of intrigue and adventure awaits.

Star-studded Culinary Journeys

Reinforcing Galaxy Macau as the city’s leading destination for dining concepts of distinction, Raffles at Galaxy Macau showcases a stellar lineup of talents. Unveiling the first international restaurant of three-Michelin starred Japanese sushi master, Masaaki Miyakawa, “Sushi Kissho By Miyakawa.” Sushi Kissho’s elite team of chefs, with a combined 98 years of experience in renowned establishments under Miyakawa, select the freshest pristine seasonal ingredients sourced directly from Japan’s finest legacy growers and generational fisherman, to serve an exquisite and authentic Omakase experience. Connoisseurs can savor Sushi Kissho by Miyakawa’s ethos of wabi-sabi, the Japanese aesthetic philosophy that cherishes the beauty found in simplicity and imperfection. The restaurant’s thoughtfully designed interiors reflect this principle, creating a serene and harmonious atmosphere that resonates with the soul of traditional Japanese culture. Here, the meticulous artistry of Miyakawa and his team create a deep connection between the diner and the culinary experience.

Alongside it, sits Japanese teppanyaki specialist, “Teppanyaki Shou.” Artfully serving Japanese teppanyaki made from the finest ingredients, sourced from Japan’s tightly-held farmers and family fisheries, as well as international growers and sources of distinction, Teppanyaki Shou offers an authentic and dazzling Japanese culinary experience. Set in a welcoming space set around counters of solid rock and filled with curated works of art, the restaurant is led by an expert team of Japan’s leading teppan grill chefs with decades of experience. With each deft flick of the wrist, guests are invited to embark on a multi-sensory culinary journey that takes lively, interactive dining to bold new heights.

The completion of Raffles at Galaxy Macau, significantly enhances Galaxy Macau’s award-winning and luxury positioning; bringing the resort’s total number of hotels to eight, with over 5,000 hotel rooms and suites.
The completion of Raffles at Galaxy Macau, significantly enhances Galaxy Macau’s award-winning and luxury positioning; bringing the resort’s total number of hotels to eight, with over 5,000 hotel rooms and suites.

A Legendary Icon Redefines Luxury in Cotai

Located on the east promenade of Galaxy Macau, adjacent to the historic and cultural district of Old Taipa Village, Raffles at Galaxy Macau offers stunning vistas of Macau’s skyline and the resort’s magnificent scenery. The iconic 15-meter glass airbridge is a particularly dramatic sight – connecting the property’s twin luxury towers and overlooking the Galaxy Macau luxury integrated resort with its glimmering Grand Resort Deck. From this vantage point, visitors enjoy breathtaking views over the lush and verdant wetland conservation zone of Alto de Coloane, Macau’s Canal dos Pastos to Zhuhai, and the shores of Henquin Island in the distance.

Raffles at Galaxy Macau is designed as a confluence point of heritage and glamour, achieved through iconic design, authentic craftsmanship and fine art and furnishings which permeate the hotel and elevate the guest experience. The exterior of the hotel is adorned with a spectacular LED feature installation. Once inside, guests discover the opulence of high-Italianate architecture, creating an extraordinary ambience where ideas, inspiration and imagination lift the soul.

Among the Raffles family of elegant and culturally well-connected landmark addresses, Raffles at Galaxy Macau is the brand’s largest destination in the world. The 450 exquisitely designed suites feature living room fireplaces, wooden flooring, and private heated pools surrounded by lush gardens. Each spacious suite is equipped with a Samsung Frame interactive TV, blending art with the latest technology for an experience of sophistication, enchantment, and unparalleled luxury.

Hashtag: #GalaxyMacau

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

About Raffles

Founded in Singapore in 1887, Raffles Hotels, Resorts and Residences are places where ideas are born, history is made and stories and legends are created. At each landmark address, distinguished guests and residents will find a world of elegance and enchanted glamour, where Raffles’ renowned legacy of gracious service knows no bounds. As the authentic heart of a destination, Raffles champions fine art and design, and fosters culture in all its forms, guiding guests to make discoveries in their own time and way. Raffles’ commitment to local communities is expressed through diverse initiatives with a unified mission to actively support the arts and the environment. From one generation to the next, visitors arrive as guests, leave as friends, and return as family. Raffles can be found in key international locations including Singapore, Paris, London, Boston, Istanbul, Dubai, Doha, Maldives, Udaipur, Phnom Penh and Bali, among others; with flagship openings upcoming in Sentosa, Singapore and Jaipur, India. Raffles is part of Accor, a world leading hospitality group counting over 5,700 properties 10,000 food & beverage venues, wellness facilities and flexible workspaces throughout more than 110 countries, and a participating brand in ALL – Accor Live Limitless – a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences.

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ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau™, crowned Asia’s most-awarded and globally-renowned luxury integrated resort – developed at an investment of HK$43 billion – covers 1.1 million-square-meters of unique entertainment and leisure attractions, beyond anything else in Macau. Eight world-class, award-winning luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade has garnered its market-leading reputation as the hottest shopping destination in Macau, featuring the latest in premium fashion and curated experiences. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and over 200 renowned brands for a world-class shopping journey. At Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand. All 10 theaters are equipped with the latest in audio-visual technology; alongside CHINA ROUGE, a one-of-a-kind luxury lounge that evokes the glitz and glamor of Shanghai’s golden era with stylish and vibrant premium entertainment. Leading the way with wellness, Foot Hub offers the traditional art of reflexology for the ultimate in experiential relaxation and revitalization. Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau – has over 35 authentic Macau and Asian flavours, with vibrant gastronomic experiences to be found at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meetings, incentives and banquet groups are also well catered for, with a diverse and carefully curated portfolio of unique venues at Galaxy Macau.

Galaxy International Convention Center (GICC) is the latest glittering new addition to the Group’s expanding integrated resort precinct and ushers in a new era for the global MICE industry in Macau. Taking Galaxy Macau’s MICE offering to new heights as a world-class event venue, GICC features a total of 40,000-square-meters of flexible event space; rounded out by the revolutionary 16,000-seat Galaxy Arena – the largest indoor arena in Macau, featuring state-of-the-art, immersive event technology, luxurious interiors and exceptional VIP suites.

For more details, please visit and

eM Client Acquires Postbox Inc., Expanding Its Reach to a Broader User Base

The acquisition solidifies eM Client’s position as a leading email client provider, bringing its innovative solutions to a growing audience.


PRAGUE, CZECH REPUBLIC – Newsaktuell – 23 October 2024 – eM Client, a leading provider of email client software, announced its acquisition of Postbox Inc., a well-established email application company based in the United States. This acquisition enables eM Client to extend its innovative solutions to an even larger global audience, reinforcing its position as one of the most comprehensive email platforms available.

eM Client, a leading provider of email client software, announced its acquisition of Postbox Inc., a well-established email application company based in the United States.

Summary:

  • Who: eM Client has acquired Postbox Inc.
  • What: The acquisition expands eM Client’s reach to a broader user base.
  • When: October 22, 2024.
  • Where: eM Client is based in Prague and serves a global customer base.
  • Why: The acquisition strengthens eM Client’s leadership in the email client industry and brings its powerful tools to more users.
eM Client has established itself as a top choice for email users, integrating email, calendars, contacts, tasks, and notes in one seamless platform. Its latest version offers advanced features, including generative AI message composition and editing features, integrated chat, group communication tools like MS Teams and Slack, and robust calendar functionality. As part of its commitment to innovation, eM Client continues to evolve and enhance its platform to meet the needs of modern professionals.

“We are excited to welcome Postbox users to eM Client,” said Michal Burger, CEO of eM Client. “I believe they will be delighted by the transition, as both applications emphasize innovation, productivity, and ease of use. We look forward to providing them with our full suite of tools designed to optimize email and communication management.”

eM Client offers one-time purchase and subscription-based licensing models, making it an ideal solution for individuals and businesses. With over 2.5 million users and more than 100,000 companies worldwide, eM Client is known for its reliability, innovative features, and professional support.

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

About eM Client

Founded in 2006, eM Client () is a global leader in email client software. It offers a unified platform for managing email, calendars, contacts, tasks, and notes. Trusted by millions of users for its ease of use and powerful features, including AI integration and support for multiple communication tools, eM Client is committed to providing an all-in-one solution for modern communication needs.

About Postbox Inc.

Founded in 2008, Postbox Inc. () is known for attracting productivity-focused professionals and power users who demand efficiency in email management. Recognized for its expansive user base, Postbox has served individuals and businesses that rely on streamlined workflows and high productivity in their daily communications.

Joining Hands To Embark on A New Journey of International Mountain Tourism, The IMTA Annual Conference 2024 Successfully Held


BEIJING, CHINA – Media OutReach Newswire – 23 October 2024 – On September 26, the IMTA Annual Conference 2024 opened in Xingyi, Guizhou Province. With the theme of “Inclusiveness, Mutual Learning, Innovation—Empowering Sustainable Mountain Tourism with New Quality Productive Forces”, the conference pooled wisdom and strength from across the industry to discuss and share innovative development paths for high-quality and sustainable mountain tourism in the context of the new era, with a particular emphasis on empowering the sector through new productive forces.

Empower
ed by the Time: Mountain Tourism Unveils a new look

“The Annual Conference of the International Mountain Tourism Alliance (IMTA) is not only a grand event for our members, but also a significant exchange and cooperation platform for our members and the mountain tourism industry,” said Dominique de Villepin, Chairman of the IMTA, in a video message that officially kicked off the event.

The development of IMTA has always been closely stuck to the themes of the time and the market demand. With the accelerated recovery of the tourism industry and the proposal and implementation of the concept of “new productive forces “, the principle of “Inclusiveness, Mutual Learning, and Innovation” has become the core driving force behind global sustainable tourism development. Mountain tourism, in particular, is witnessing new growth opportunities, presenting fresh challenges and expectations for the alliance’s work.

De Villepin emphasized that the year 2024 marks a pivotal transition for the tourism industry from recovery to sustainable prosperity,,as a result, mountain tourism is exhibiting new characteristics: a burgeoning market demand for intelligent tourism, prominent characteristics of leisure tourism, and deep integration that gives birth to new business forms. He suggested that, to confront future transformations and challenges, a multidimensional and in-depth analysis of industry trends is essential to navigating future challenges more effectively. It is imperative for governments, businesses and all walks of life to collaborate in refining policies, improving the environment and enhancing services to address the current challenges and problems faced by international tourism. This aligns with IMTA’s initiative in creating international dialogue platforms, such as the IMTA Annual Conference, International Mountain Tourism Day and the Asian Mountain Tourism Promotion Conference.

He Yafei, Vice Chairman and Secretary-General of IMTA, pointed out that, the data from United Nations World Tourism Organization (UN Tourism now) showed that global tourism revenue reached $1.6 trillion in 2023, with international tourist numbers recovering to 90% of 2019. The new era is shaping a fresh landscape of global tourism. IMTA has embraced an open-minded and inclusive approach, promoting mutual learning and respect for diverse civilizations and cultures. By accelerating the integration of culture, education, science, and tourism, the IMTA continues to innovate and drive the sustainable development of new models in global mountain tourism.

Over the past year, IMTA has consistently organized mountain tourism-themed activities, creating a robust platform for exploring opportunities and trends in mountain tourism development. These initiatives have facilitated the exchange and cooperation among members, governments, and industry stakeholders, achieving remarkable results that are widely recognized.

Pansy Ho, IMTA Vice Chairman, remarked that, the intensification of climate change impacts on the ecological environment, the reorganization of the global supply chain, and the acceleration of technological progress are reshaping people’s lifestyles and industrial structures. As a result, promoting the sustainable development of sustainable mountain is not only about discovering new drivers for economic growth, but also about taking on the social responsibility of protecting the ecology, promoting cultural exchanges and boosting the revitalization of local economies. IMTA has upheld the concept of “ecological priority, green development, unity and collaboration, mutual benefit and win-win” since its establishment, leveraging its robust membership network and industry resources to actively promote the innovative use of mountain resources, the preservation of cultural heritage and the development of regional economies, thereby contributing to the sustainable development of the global tourism industry..

Ongoing Innovation: IMTA Has Achieved Fruitful Results

Fu Yingchun, Vice Chairman and Executive Secretary-General of the IMTA, provided a summary of IMTA’s achievements in 2024 and outlined the key objectives for 2025. He noted that under the new development context, IMTA has, since the beginning of this year, capitalized on its professional strengths and platform advantages. By collaborating closely with alliance members and industry partners, IMTA has integrated itself into the framework of mountain tourism governance. Its international reputation and influence have steadily increased, business cooperation opportunities have expanded, and overall operations have yielded new results.

The “Integrated Mountain Tourism” platform system created by IMTA has maintained a steady growth trajectory. Among its three core platforms—the International Mountain Tourism Day, the Annual Conference Forum, and the Asian Mountain Tourism Promotion Conference—each has demonstrated renewed vitality and dynamism.

At the event, He Yafei officially awarded the host city of “International Mountain Tourism Day 2025.” to Gran Canaria, Spain. Gran Canaria, a well-known tourist destination, attracts visitors with its beaches, pleasant climate, sunshine, and natural scenery. In recent years, with the rise of mountain tourism, the island has developed a rich array of mountain tourism offerings, continuing its international positioning in tourism exchange and cooperation. When mountains meet oceans,the landscapes add new excitement for next year’s “International Mountain Tourism Day.”

The “International Mountain Tourism Day” is a standout achievement in the IMTA’s brand-building efforts. In May 2024, the event was successfully held in Nice, Alpes-Maritimes, France, marking the alliance’s first international event in Europe. It aligned with the global trend of sustainable development and resonated with the theme of building a mountain tourism community with a shared future, garnering widespread attention from the industry. One of the key highlights was the forum on “Climate Change and Responses for Mountain Tourism,” where participants conducted in-depth discussions on the challenges brought by climate change to mountain and ice and snow tourism, and the response strategies for sustainable tourism and climate change, and put forward forward-looking and guiding opinions and solutions. On this basis, the forum led to the creation of Mountian Tourism Destinantions Responding to Climate Change, which was released at the opening ceremony of the International Mountain Tourism and Outdoor Sports Conference.

During the report’s release, Francesco Frangialli, former Honorary Secretary-General of the UNWTO (UN Tourism now) and IMTA board member, emphasized that the technical publication combines scientific evidence with practical experience from tourism professionals and mountain communities. Through this research, the IMTA has contributed to the realization of the United Nations Sustainable Development Goals 2030.

At the opening ceremony, the Certification Criteria of World Famous Tourism Mountains was also released. with the first 14 certified sites, including Jungfrau in Switzezrland, Annapurna in Nepal, Table Mountain in South Africa, and Changbai Mountain in China, were recognized as “the World Famous Tourism Mountains”. Wu Bihu, director of the Center for Retreation and Tourism Research and an IMTA expert, stated that the recognition of these world-famous mountains will further promote the protection and utilization of mountain tourism resources and actively contribute to the establishment of a global mountain tourism governance system. Besides, the development of the alliance’s standards and evaluation systems has taken a significant step forward.

At the event, plaques were also awarded to three newly certified “IMTA International Mountain Hiking Demonstration Routes”, including Hengshan Part (in Hunan Province), Hengshan Part (in Shanxi Province), and Songshan Part (in Henan Province), which are the parts of the renowned Hiking Routes of Five Sacred Mountains. International Mountain Hiking Tourism Guide was organized by IMTA experts and supported by the European Ramblers Association, French Hiking Federation, and Federazione Italiana Escursionismo.. Since its release, the guide has received high praise and broad recognition from the industry. Based on this guide, IMTA has selected 19 hiking routes around the world, promoting the design and development of world-class hiking tourism products and setting a benchmark for the high-quality development of hiking tourism.

Building Strength: Joining Hands for Sustainable Prosperity

During the event, IMTA Council has agreed to build a IMTA liaison office in Xingyi City.. Qian Zhenghao, Standing Committee Member of the Qianxinan Prefecture Committee and Executive Deputy Governor of the People’s Government of Qianxinan Prefecture, and Fu Yingchun,IMTA Vice Chairman and Executive Secretary-General jointly unveiled the IMTA liaison office in Xingyi City.. Xingyi, rich in mountain tourism resources with outstanding geographical and cultural advantages, has extensive experience in hosting international conferences. As the birthplace of IMTA, the establishment of the liaison office will help to gather development momentum and strengthen the cohesion of the alliance.

To pool the wisdom of the industry and scientifically grasp the trends of mountain tourism, The IMTA Expert Committee was officially established in 2020, consisting of 24 experts and scholars with extensive academic expertise and rich industry experience. During the event, Geoffrey Lipman, former President of the World Travel & Tourism Council (WTTC), and former Assistant Secretary General of the United Nations World Tourism Organization (UN Tourism now), Zhang Xilong, Executive Vice President of the Integrated Development Branch of the China Communications and Transportation Association former Deputy Director-General and First Class Inspector of the Bureau of International Exchange and Cooperation of the Ministry of Culture and Tourism, Jin Zhun, Secretary-General of the Tourism Research Center at the Chinese Academy of Social Sciences (CASS), Takashi Moriya, former Chairman of Nicchu Peace Travel Service Co., Ltd., Wang Xiaoyu, a special researcher at the Tourism Research Center of CASS, Bernard Debarbieux, Professor and former Dean of Social Sciences at the University of Geneva, Rogers Martin Valencia Espinosa, former Deputy Minister of Foreign Trade and Tourism and former Minister of Tourism and Culture of Peru, and Chairman of the Cusco Economic Research Institute, Li Shouwen, Executive Chairman President of China International Camping Congress; and Xiao Gang, Chief Chinese Representative of the International Nordic Walking Federation (INWA), all joined the IMTA Expert Committee. Their contributions will provide intellectual and technical support for the future development of mountain tourism.

IMTA also awarded certificates to 11 new members who joined IMTA this year, including the Chungcheongnam-do Tourism Association of South Korea, Trekking Agencies’ Association of Nepal, and Turismo de Aragón (Spain). These additions have strengthened industry connections, further expanding the “international family” of IMTA. Currently, IMTA has a total of 199 institutional and individual members, including 118 domestic members and 81 international members.

Since its establishment, IMTA has successfully navigated a seven-year journey, and played a unique role in contributing to and promoting the sustainable development of global mountain tourism. 2024 marks a pivotal year as the tourism industry transitions from recovery to sustainable prosperity. Against this backdrop, the Annual Conference 2024 aims to provide new impetus for high-quality and sustainable mountain tourism development through the principles of “Inclusiveness, Mutual Learning, and Innovation.”
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