The French Embassy in Laos marked Bastille Day (14 July) with an Olympic-themed reception attended by Deputy Prime Minister Saleumxay Kommasith, the mayor of Vientiane, and several ministers. This event, held on 12 July, also aimed at renewing France’s commitment to strengthen diplomatic ties with Laos, a year after the 70th anniversary of the France-Laos Treaty of Friendship.
Canon Unveils Advanced AI-based Innovations at Inaugural ‘Think Big’ Event in Hong Kong
‘Think Big – The Power of Future’, Canon’s first event in the series to be held outside of Singapore, showcases cutting-edge AI technologies to revolutionise the modern workplace and various key industries

Hashtag: #Canon
The issuer is solely responsible for the content of this announcement.
Canon Singapore Pte. Ltd.

IX Asia Index Page Launch on Bloomberg

HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – IX Asia Index (“IXAI”), the index business arm of IX Capital International Limited, is thrilled to announce the launch of a centralised IXAI index page composed of a comprehensive suite of 10 unique indexes, available on Bloomberg starting today. The IXAI Bloomberg page can be accessed via the function “IXCI <GO>”. This launch significantly enhances the accessibility of IX Asia Indexes’ offerings, providing global investors with real-time data and deep market insights.
The integration of IXAI on Bloomberg marks a pivotal moment in the company’s history. This strategic move will bring greater transparency and efficiency to the investment community, supporting informed decision-making through accurate and timely data availability. The indexes now live on the IXAI Bloomberg page include 10 out of 29 different indexes in the first phase, comprised of IXAI’s Benchmark and Spot Price Index Series (both disseminated real-time), and Portfolio Index Series (disseminated every hour). [See Appendix 1 for full list.]
Before today’s announcement, Bloomberg has carried three IX indexes (including ixCrypto Index, ixBitcoin Index and ixEthereum Index) over the past three years in a 15-minute delay mode from Nasdaq data feed 9am to 9pm Hong Kong time. After today’s launch, Bloomberg will directly connect to IXCI’s data feed and be able to provide its clients with real time IX indexes 24/7 at 5 second intervals.
The three types of indexes are designed to cater for the varied needs of investors by offering a range of benchmarks for digital assets, portfolio tracking, and spot price referencing. The Benchmark Index series serves as performance standards for the overall market or specific segment with the highest representation on market capitalisation and trading volume. The Spot Price Index series, which is obtained as average across 10 world crypto indexes, provides fair prices of different cryptocurrencies for mark to market purpose. The Portfolio Index series are designed for fund managers to support diversified investment strategies by tracking a curated selection of assets. Whether an investor is seeking broad market exposure, targeted investments in specific cryptocurrencies, or accurate real-time pricing, IXAI provides the tools needed to meet these goals.
Subscribe for a 4-Month Free Trial: To celebrate this launch, IXAI is offering a 4-month free trial subscription for Bloomberg terminal users. This offer provides investors an excellent opportunity to experience the value and reliability of IX Asia Indexes’ data firsthand. Users who would like to continue accessing the indexes via Bloomberg are advised to contact licensing@ix-index.com for a subscription one month before free trial period ends. For more information on data dissemination and product licensing, please visit https://ix-index.com.
Appendix 1
Bloomberg
Code |
Name of the Index | Short Name | Dissemination
Interval |
Benchmark Index Series | |||
IXCI | ixCrypto Index | IXCI | Every 5 seconds |
IXCBI | ixBitcoin Index | IXBI | Every 5 seconds |
IXCEI | ixEthereum Index | IXEI | Every 5 seconds |
IX5050 | ixCrypto BTC/ETH 50/50 index | IX5050 | Every 5 seconds |
IXPI | ixCrypto BTC/ETH Proportional index | IXPI | Every 5 seconds |
Portfolio Index Series | |||
IX5EW | ixCrypto 5 EW Index | IX5EW | Every hour |
IX5SR | ixCrypto 5 SR Index | IX5SR | Every hour |
Spot Price Index Series | |||
IXBTC | ixBitcoin SP index | IXBTC | Every 5 seconds |
IXETH | ixEthereum SP index | IXETH | Every 5 seconds |
IXUSDT | ixTether SP index | IXUSDT | Every 5 seconds |
Hashtag: #IX #IXAI #IXCI
The issuer is solely responsible for the content of this announcement.
About IX Asia Indexes and IX Capital International
IX Capital International Limited is an award-winning index and investment advisory company. The index business arm of IX Capital International- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures product, mark to market and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.
IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement in 2022 and obtained ISO/IEC 27001:2013 UKAS certification in 2024.
Website: https://ix-index.com/
Advisory Committee: https://ix-index.com/committee.html
About IX Crypto Indexes
The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, “IXEI”, with dissemination interval kept at 15-second unchanged.
Veterinary Experts from Around the Globe Gather at IAVC 2024 in Hong Kong this August

HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – The countdown begins for the highly anticipated International Asia Veterinary Conference & Exhibition (IAVC) 2024, set to take place on 13-15 August 2024 at Hall 2, Asia World Expo in Hong Kong. With just around 3 weeks to go, veterinary professionals from around the world are preparing to convene for this prestigious event, which promises to be a hub of knowledge exchange, networking, and professional development.
Steller lineup of world-class speakers
IAVC 2024 boasts a stellar lineup of 15+ veterinary experts from across the world, including Drs.:
- Gad Baneth (DVM, Ph.D, Diplomate ECVCP);
- David Coyle (BVSc (Hons) MACVSc);
- Franziska Fitz (DVM, GPCertSAS, DACVIM (Neurology));
- Linda Fleeman (BVSc PhD. MANZCVS);
- Chen Gilor (DVM, PhD, DACVIM);
- Shimon Harrus (DVM, PhD, Diplomate ECVCP)
- Rebekah Mack (DVM, DACVIM-SAIM)
- Ran Nivy (DVM, Diplomate ECVIM-CA (Internal Medicine), ISVIM)
- Dan Ohad (DVM, PhD, DACVIM (Cardiology), DECVIM-CA (Cardiology))
- Matan Or (DVM, PhD, ESVS)
- Anthony Pease (DVM, MS, DACVR)
- Kersti Seksel (BVSc (Hons) MRCVS MA (Hons) FANZCVS DACVB DECAWBM FAVA)
- April Summers (DVM, PhD, DACVECC)
- Kurt Verkest (BVSc (Hons), BVBiol, MANZCVS, PhD)
- Peter Weinstein (DVM, MBA)
Attendees can expect to hear from renowned veterinary professionals, researchers, and thought leaders who will share their valuable experiences and the latest advancements in veterinary medicine. A detailed list and profiles of the confirmed speakers can be found in the attached “Speakers Profile” and on the IAVC website.
Comprehensive conference program
The programme schedule for IAVC 2024 is packed with enlightening keynotes, panel discussions, and technical sessions led by renowned experts, incorporating a wide range of the latest advancements in veterinary medicine, technology, and best practices within the veterinary field. Key sessions will cover topics such as anaemia, thrombocytopenia, haematology, vector-borne diseases, gastrointestinal disease, orthopaedics, neurology, endocrinology, infectious disease, internal medicine, surgical, pulmonary hypertension, companion animal behaviour, tele-radiology, emergency, critical care, oncology, marketing, management, and more. A detailed programme schedule can be found on the https://www.iavc.asia/agenda.
Continuing Professional Development (CPD)
Attendees can earn Continuing Professional Development (CPD) points when they attend the event to support career advancement while expanding veterinary expertise. “IAVC 2024 is a must-attend for anyone serious about staying at the forefront of veterinary medicine. It offers high-quality educational opportunities and comprehensive exchanges with global experts. The event aligns with our mission to foster collaboration and innovation in veterinary practices,” said Dr. Pauline Taylor, BVM&S, MACVSc, Director of Pets Central Veterinary Academy & Pets Central Veterinary Network.
IAVC 2024 is expected to welcome over 3,000 Western and Asian veterinary professional peers, industry partners, and potential collaborators from across the region. This conference serves as a platform for fostering collaboration, sharing best practices, and exploring innovative approaches to veterinary medicine.
As the event draws near, this is a friendly reminder that the 3-Day IAVC 2024 Pass pre-registration 12% discount at USD540 (Regular and Onsite Price: USD610) is still available until 31 July 2024. Don’t miss the chance to secure the spot at IAVC 2024 and take advantage of this exceptional opportunity to connect with leading experts, expand the professional network, and stay at the forefront of veterinary medicine. For more information and to register for IAVC 2024, please visit www.iavc.asia.
Hashtag: #veterinary #veterinarian #veterinarianmedicine
https://www.iavc.asia/
https://www.linkedin.com/company/iavc-asia/
https://www.facebook.com/share/ED3M4Rw9gMwHeAzx/?mibextid=qi2Omg
The issuer is solely responsible for the content of this announcement.
Pets Central Veterinary Academy Limited (PCVA) – IAVC Organizer
PCVA is the education arm of Pets Central Veterinary Network. Its mission is to provide well-rounded veterinary and animal care education. It has developed courses to support veterinarians, veterinary support staff, and pet parents. PCVA has been running a successful series of courses since 2010 in collaboration with the Hong Kong Federation of Youth Groups. The lectures introduced the roles in animal care of veterinarians, veterinary assistants, receptionists, customer service and pet parents. In 2018, PCVA started a lecture program with Vets Central, an online tele-vet and education platform that supports veterinarians who want to learn and get practical advice from U.S. and E.U. veterinary specialists.
Citi Records a Forty-one Win Haul at the Euromoney Awards for Excellence 2024
Named Best Bank for Corporates in Hong Kong
HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – Citi has won a record of 41 global, regional and local market awards from Euromoney, a leading global financial markets magazine, at its annual Awards for Excellence that recognizes the best in banking across key areas that are most important to a bank’s key stakeholders, clients, board and executive management teams. The period of consideration for the awards was the 2023 calendar year.
In its 29th edition, the Euromoney Awards for Excellence recognized Citi as the World’s Best Digital Bank and the World’s Best Investment Bank in the Emerging Markets.
In Hong Kong, Citi is named Best Bank for Corporates in recognition of the strong growth the Hong Kong business achieved in 2023.
“The range of awards Citi has received from Euromoney is an honor and speaks to the strength of our Banking franchise and unrivalled global network spanning more than 180 markets,” said Aveline San, Citi Hong Kong and Macau CEO and Head of Banking.
“We are advancing our vision to be the preeminent banking partner for institutions with cross-border needs. Our wins validate our commitment to have global conversations with our clients to grow their businesses and seamlessly deliver our products and services to them,” she added.
In Hong Kong, Citi serves more than 1,000 institutional clients including over 600 multinationals and the global interests of over 150 Hong Kong local corporates.
Citi’s commercial banking business has also gained considerable market share in Hong Kong over the past few years, working closely with mid-sized corporates in the healthcare, technology, industrials, consumer & retail, and services sectors.
Euromoney’s Best Bank for Corporates accolade follows the multiple award wins by Citi Hong Kong in 2024. Earlier this year, Citi was named Best Corporate Bank for Large Corp and MNCs by FinanceAsia magazine; and Best Corporate and Institutional Adviser, Best Bank for Sustainable Finance, Best Equity Adviser, Best M&A Adviser, Best Commercial Bank and Digital Bank of the Year by The Asset magazine.Hashtag: #Citi
The issuer is solely responsible for the content of this announcement.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | X:
@Citi | LinkedIn:
www.linkedin.com/company/citi | YouTube:
www.youtube.com/citi | Facebook:
www.facebook.com/citi
Hang Lung’s Changemakers Program Drives Collaboration and Impact with Tenants
Sustainability Partnership Empowers All Kinds of Tenants
HONG KONG SAR & SHANGHAI, CHINA – Media OutReach Newswire – 23 July 2024 – Hang Lung Properties (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) is pleased to share the progress of its nationwide sustainability initiative, Changemakers: Tenant Partnerships on Sustainability (“Changemakers Program” or “The Program”), which was launched in December 2023, and now has 16 participants. The Program, which is available to all tenants at Hang Lung in Hong Kong and mainland China – fosters collaboration, impact and recognition through sustainability actions.

The Changemakers Program offers a variety of sustainability actions to tenants of all sizes in sectors such as office, retail, food and beverage (F&B), and hospitality to reduce carbon emissions, minimize waste, advance circularity, and enhance community wellbeing. Participants can choose to participate at either the “Foundational” or “Advanced” level. The Program brings value to participants by offering capacity-building resources, energy performance benchmarking, technical services and support, volunteering opportunities, and recognition for their ESG efforts.

Mr. Weber Lo, Chief Executive Officer of Hang Lung Properties, said, “Sustainability calls for businesses and other stakeholders to join forces, and landlords and tenants can collaborate in the built environment. Hang Lung warmly invites like-minded tenants to join our Changemakers Program and become part of a vibrant sustainability community. Through concrete actions and sharing best practices, we can achieve a meaningful collective impact.”
Since its launch in December 2023, the Changemakers Program has enlisted a diverse range of companies as pilot participants across 14 properties, together comprising a total leased area of more than 78,000 square meters. These forward-looking companies are taking tangible steps towards improved climate resilience, resource management, and wellbeing. Participating tenants include (in alphabetical order):
- Office: CBC Healthcare Infrastructure Platform (CBC HIP), Centre for Asian Philanthropy and Society, Credit Agricole CIB (China) Limited, HSBC China, KPMG China, MUFG Bank (China), Ltd., Siemens Ltd., China Shenyang Branch, Taikang Life Co., Ltd. Hubei branch, UPS
- Retail: AEON Stores (Hong Kong) Co., Limited, ANTA, Decathlon Hong Kong, Longchamp, Qeelin
- Food and beverage: Cuisine Continental (HK) Ltd. – alfafa, Tam Jai International Co. Limited
Hang Lung works to integrate ESG initiatives throughout its business, from construction to daily operations. These efforts align with its ambitious sustainability goals for 2025, 2030, and 2050. Recent notable initiatives include: a ‘Lightwise’ program that promotes nationwide energy efficiency, with an impressive 93% tenant participation rate across Mainland Properties; collaboration with selected tenants and suppliers on low carbon concrete bricks and gypsum board; and engagement with strategic suppliers on sustainable procurement practices. These initiatives exemplify Hang Lung’s mission to connect stakeholders for sustainable growth and positive change.
Hashtag: #HangLungProperties
The issuer is solely responsible for the content of this announcement.
About Hang Lung Properties
Hang Lung Properties Limited (SEHK stock code: 00101) creates compelling spaces that enrich lives. Headquartered in Hong Kong, Hang Lung Properties develops and manages a diversified portfolio of world-class properties in Hong Kong and the nine Mainland cities of Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, Wuhan and Hangzhou. With its luxury positioning under the “66” brand, the company’s Mainland portfolio has established its leading position as the “Pulse of the City”. Hang Lung Properties is recognized for leading the way in enhanced sustainability initiatives in real estate as it pursues sustainable growth by connecting customers and communities.
At Hang Lung Properties – We Do It Well.
For more information, please visit www.hanglung.com.
NIA Unveils ‘Groom – Grant – Growth – Global’ Strategy to Drive Thailand Towards Becoming an Innovation Nation, Showcasing One Year of Success as the ‘Innovation Focal Conductor’
NIA to strengthen innovation in Thailand with new financial mechanisms, promoting the export of Thai innovative products to international markets and leverage digital technologies in five dimensions to enhance organizational operations
BANGKOK, THAILAND – Media OutReach Newswire – 23 July 2024 – The National Innovation Agency (Public Organization) or NIA has unveiled its strategy for driving Thailand towards being an innovation nation, “NIA Focal Conductor: Leading Thailand to be an Innovation Nation” under the concept of “Groom – Grant – Growth – Global”. The agency has also introduced its management team to drive and strengthen Thailand’s innovation ecosystem in all dimensions, including financial support, innovation entrepreneur development, access to innovation infrastructure, and for adaptation to full-scale digital transformation. This is to pave the way for strengthening and creating opportunities for Thai innovation entrepreneurs to grow and expand their investments in both domestic and international markets, leading to a positive and sustainable impact on the country’s economy and society.
Dr. Krithpaka Boonfueng, Executive Director of the National Innovation Agency, said that NIA is moving forward in its role as an “Innovation Focal Conductor” by working closely with partners both domestically and internationally to promote and support innovation-based entrepreneurs (IBEs) in all dimensions. The agency has five main goals: 1. Create and link IBE development platforms, 2. Create innovators and IBEs through the NIA Academy, 3. Strengthen the Thai innovation system and innovation ecosystem, 4. Raise the level of Thai innovation in the global innovation index, and 5. Adjust NIA’s role in driving the economy and society. The agency focuses on five key industries: agriculture, food, and high-value herbs; health and medicine; energy, electric vehicles and the environment; tourism; and soft power.
Over the past year, working under the concept of Groom – Grant – Growth, NIA has developed innovation capabilities and potential through the NIA Academy, which offers courses in collaboration with partners from both the public and private sectors, such as Siam Commercial Bank, Government Savings Bank, the Stock Exchange of Thailand, the Thai-Chinese Association, xLab Digital Co., Ltd., and the United Nations Organization for Women.
The agency has also created regional innovators and innovation city developers, promoted the business capabilities of entrepreneurs and has developed innovation business plans in the regions and online platforms such as InnoMall. NIA has also developed and promoted startups through startup league activities, a global startup center that facilitates startups by providing them with consulting, investor networks, and smart visas. Earlier this year, ‘UniFAHS’ Protein from natural phage for controlling pathogenic bacteria in animals, one of the agricultural startups that has been incubated and received seed funding from NIA, was able to expand and receive investments from ADB Ventures and InnoSpace (Thailand) of over 53 million baht.
NIA is also enhancing its financial support mechanisms to meet the needs of innovation entrepreneurs, such as mechanisms for expanding regional innovation to the market, mechanisms for supporting consultants to develop innovation, and corporate co-funding mechanisms. NIA has supported 319 regional innovation projects with a total of 566.88 million baht in funding and has co-invested with listed investors under the corporate co-funding mechanism for 141.43 million baht, expecting a business value of over 1,750 million baht.
The agency also promotes and disseminates successful innovation cases through Nilmangkorn (Black Dragon Horse) project, which this year has been expanded to Nilmungkorn 10X, which focuses on creating high-quality innovation entrepreneurs to enter the capital market with a sales target of no less than 100 million baht within 3 years. NIA has also developed a startup acceleration program in 4 areas: food technology, agricultural technology, health technology, and climate technology. The agency brings promising innovation entrepreneurs to participate in international exhibitions to create opportunities for global market expansion, such as in Germany, Japan, etc. In addition, NIA emphasizes the use of data to drive the innovation system through the “Thailand Innovation Portal” service platform, which has over 90,000 innovation data items and over 3,600 users.
“For the next step, in the role “Focal Conductor,” NIA will expand on the Groom – Grant – Growth concept by adding “Global” to focus on promoting innovation entrepreneurs to exponential growth both domestically and internationally. This will be done through projects and collaboration with network partners to expand the number of potential innovation entrepreneurs, to accelerate the Startup Act, promote various forms of co-investment from both public and private sources, develop a startup acceleration program in target industries such as medicine and climate change technology, to promote business expansion into international markets, and strengthen Thailand’s innovation network and readiness to work with the NIA to drive innovation. NIA aims to drive Thailand towards becoming an innovation nation recognized on the world stage.”
Dr Sura-at Supachatturat, Deputy Executive Director of Innovation Development, said that NIA has been accelerating the creation of more innovative companies and strengthening their business structures. “Access to funding” is a critical factor in facilitating the accessibility and equitable allocation of resources for SMEs, startups, social enterprises, and community enterprises. This year, NIA has developed new financial support mechanisms to better address the needs of innovative businesses for sustainable growth and market expansion through seven main mechanisms:
1. Regional Innovation Expansion to the Market for market testing and the improvement of innovative products or services to enable commercialization and reach new customer bases.
2. Targeted Innovation Project Funding for market feasibility testing of innovative products or services to improve products and services to target markets, and for evaluating economic and investment viability.
3. Innovation Development Consultant Support Mechanisms for hiring consultants to enhance internal organizational processes in business strategy, marketing, intellectual property, accounting, finance and investment, and international trade.
4. Product Testing for Compliance with Relevant Standards for hiring consultants, improving internal organizational processes, conducting testing and analysis, and for reviewing and evaluating to seek product registration or certification that is crucial for business growth.
5. Innovative Business Expansion for testing innovations in public and private sector entities to expand innovative businesses into target customer segments, along with economic and operational assessments.
6. Partial Interest Subsidies to enhance liquidity for the growth of innovative businesses.
7. Corporate Co-Funding Mechanism for Technology and Innovation Business Growth and Market Expansion through collaboration with public and private sources of funds or Corporate Co-Funding to support activities related to business growth development, such as product development, marketing, capacity expansion, team growth, and intellectual property management and there is a repayment requirement when the project is commercially successful.
Mr Pariwat Wongsamran, Deputy Executive Director of Innovation Systems, said that, apart from financial support, NIA also focuses on the development capabilities of innovation entrepreneurs and innovation infrastructure to elevate Thai innovation entrepreneurs to the global market under the “Local to Global” concept. This has three main goals:
1. To strengthen regional innovation systems by promoting access to innovation infrastructure in business knowledge, technology, intellectual property, prototyping facilities, finance, investment, and domestic and international marketing through collaboration with regional science parks and universities, the creation of innovation districts and innovation cities.
2. To develop Thailand’s target industries by providing resources and market linkages to targeted industries that are prominent and have growth potential, including agriculture, food and herbs, health and medicine, energy, environment, electric vehicles, tourism, and soft power. It also involves developing human resources to support these industries, such as artificial intelligence (AI), electric vehicles (EVs), and semiconductors.
3. To promote Thai innovation entrepreneurs to the global market by creating opportunities for business expansion and fundraising to enhance the country’s innovation capabilities and competitiveness through international market linkages, partnership building, and business matching activities in foreign countries such as the United States, Finland, China, Japan, Korea and Hong Kong.
Ms Supichaya Limtrakul, Deputy Executive Director of Organizational Strategy, said that in today’s world, digital transformation is about increasing opportunities and the potential to serve innovation entrepreneurs through digital means in a comprehensive way. NIA is focused on creating service and work experiences for personnel that meet the needs of the modern economy and the lifestyles of the new generation. It is prioritizing digital transformation in five areas:
1. Digital Service: focusing on creating a Digital Service Journey alongside the Innovation Journey through the Groom-Grant-Growth program, which will be divided into both internal and external service recipients.
2. Digital People: this involves developing staff to keep up with the changes in Digital Literacy to become Digital Competency, especially towards AI Competency.
3. Digital Connectivity: connecting work and with access to services anytime and anywhere to meet the needs of society and the lifestyles of the new generation.
4. Digital Compliance: This involves raising the standard of data management and cybersecurity to international standards.
5. Digital Data: A Central Innovation Data Platform to enhance the use of data for innovative businesses.
Hashtag: #NationalInnovationAgency #NIA
The issuer is solely responsible for the content of this announcement.
Deloitte reveals the latest trends in the cross-border payment revolution
New paper ‘Beyond Payments’ identifies four key developments in cross-border commerce that deliver opportunities for merchants to create a frictionless and extended consumer journey
HONG KONG SAR – Media OutReach Newswire – 23 July 2024 – Throughout the past decade, the rapid proliferation of mobile payment solutions has been a key enabler for digital economies across Asia and beyond. Building on our 2020 report, ‘The Next Wave: Emerging digital life in South and Southeast Asia’, which explores the emerging digital life in South and Southeast Asia, this paper examines new policy, industrial and technological developments over the past four years in the Asia Pacific region. Governments’ initiatives to develop digital economies, as well as public-private collaboration in modernizing payment infrastructure, has helped to install fast payment systems and national QR code schemes. Accelerating cross-border commerce has spurred the demand for payment interoperability. E-wallets have embraced the concept of super apps to provide a suite of services through mini apps. All these factors have contributed to the checkout revolution, as the checkout moment now opens up new possibilities for a much more extended and varied consumer engagement journey.
Amid the constantly evolving cross-border checkout revolution, we have identified four key trends:
- The Asia Pacific region leads the world in digital payment adoption, accounting for nearly two-thirds of global digital wallet spend at US$9.8 trillion. Digital wallets are attracting numerous players to join the race, all extending partnerships with e-wallets and fintech players.
- With cross-border payment interoperability becoming a dominant theme for e-wallet adoption in the Asia Pacific region, public and private efforts have been made to upgrade digital infrastructure. For instance, national QR schemes from Singapore and Cambodia have partnered with Alipay+ to bridge the cross-border gap between their home QR schemes. Cross-border payment linkages have also been launched in Southeast Asia.
- Responding to the trend of omnichannel commerce post-pandemic, e-wallets and banking apps are quickly evolving into super apps by assembling a suite of services into their integrated platform, such as in 2023 the super app Livin’ by Mandiri being ranked as the 2023 fastest-growing mobile app in Indonesia. Many retailers and merchants are undergoing omnichannel transformations to create a seamless, personalized user experience.
- Payment solutions and innovations have become an anchor for inclusive and sustainable growth. Fintech innovators are empowering Micro, Small and Medium Enterprises (‘MSMEs’) to grow and reach global markets, while assisting their digital and sustainability transformation.
The fast-growing and changing payment landscape has also increased the threat of financial crime. Fraudsters are constantly weaponizing new technologies to exploit vulnerabilities in the payment ecosystem. Concerns over financial crime are further heightened as more MSMEs deepen digitalization while having limited resources allocated to cybersecurity. Industry-wide collaboration and public-private partnerships will be paramount to carrying out cooperative, pragmatic approaches to bring fintech innovations and digitalization to fruition and to drive long-term social impact.
For more details, please refer to: https://www2.deloitte.com/content/dam/Deloitte/cn/Documents/technology-media-telecommunications/deloitte-cn-tmt-beyond-payment-en-240711.pdf
Hashtag: #Deloitte
The issuer is solely responsible for the content of this announcement.