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New data reveals slow progress on deforestation in Southeast Asia


SINGAPORE – Media OutReach Newswire – 28 June 2024 – New data from the Accountability Framework initiative (AFi) and CDP shows that achievement of deforestation- and conversion-free supply chains is possible, but still uncommon around the world.

The AFi and CDP examined hundreds of company disclosures and revealed their findings in Time for Transparency. The report provides the first clear and quantitative look at the extent to which major companies have been able to eliminate deforestation from their supply chains.

Based on disclosures made last year through CDP, eight companies in Southeast Asia say they have achieved at least one deforestation and conversion-free commodity supply chain, based on a high-quality disclosure. Those supply chains are two for timber products, five for palm oil, one for soy, and one for cocoa.

Of 37 companies in Southeast Asia that reported on their management of deforestation during the previous year, only 21 companies disclosed information through CDP in response to questions on deforestation and conversion-free supply chains. Of these, 10 companies made a high-quality disclosure, reporting that at least one of their commodity supply chains was less than 90% free from deforestation and conversion.

“We recognise that over half of companies located in Southeast Asia were transparent about the extent to which their supply chains are free from deforestation and conversion,” said Tomasz Sawicki, Head of Land, CDP. “But the analysis shows that the number of disclosures from the region is still low and that that the majority of companies remain far from achieving deforestation- and conversion-free supply chains by 2025, which is the immediate target.”

Globally, 881 companies disclosed, and about half of the companies (445) disclosed on deforestation- and conversion-free progress. However, only 186 companies provided clear and appropriate information to justify their claims. 64 companies worldwide say they have achieved deforestation and conversion free supply chains.

“Companies must eliminate deforestation and conversion from their supply chains to meet near-term climate and nature targets, as well as to comply with emerging laws like the EU Deforestation Regulation,” said Leah Samberg, Lead Scientist, AFi. “These new data demonstrate that companies need to invest in effective monitoring and control systems to address deforestation and conversion associated with their operations and suppliers, however few are doing so.”

A variety of issues undermined the reliability of information companies disclosed, such as reliance on certification programs and risk assessments that cannot guarantee commodities are deforestation-free. Additionally, some disclosures were missing important information on company activities, products, regions, or suppliers.

“Companies need to provide stronger evidence to support claims that their commodity supply chains are free of deforestation and conversion,” Sawicki said.

The report calls on companies that produce or source agricultural or forestry commodities to communicate publicly and to suppliers their intentions to achieve deforestation- and conversion-free supply chains. Importantly, they should consider the impacts of their supply chains on all natural ecosystems, not only forests. To achieve compliance with polices, companies should also monitor and engage their suppliers.

“Making no-deforestation or no-conversion intentions clear through public policies, commitments, and supplier engagement supports disclosure and helps accelerate the transition to responsible production and trade,” Samberg said.

The report concludes that it is imperative that companies not only pledge to deforestation- and conversion-free operations but also take concrete steps towards this goal. Comprehensive responses to disclosure requests, transparent communication of policies, a thorough understanding of certification processes, and a proactive approach to risk assessment are all crucial. By focusing on these areas, companies can make significant strides in preserving natural ecosystems and ensuring the integrity of their supply chains, ultimately contributing to a more sustainable future for all.

The CDP forests questionnaire tracks company performance on eliminating deforestation from agricultural and forestry supply chains. A record-breaking 1,152 companies disclosed through it in 2023. It was the first-year companies disclosed on deforestation- and conversion-free supply chains in a standardised format using indicators developed in partnership with the Accountability Framework initiative.

The Global Forests Report 2024, titled “Time for Transparency: Deforestation-and Conversion-Free Supply Chains,” is available in both English and Bahasa Indonesia.
Hashtag: #CDP #EnvironmentalDisclosure #GlobalForestReport2024



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

About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions. Founded in 2000 and working with over 700 financial institutions representing more than US$142 trillion in assets. CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 24,000 organizations around the world disclosed data through CDP in 2023, including more than 23,000 companies worth two thirds global market capitalization, and over 1,100 cities, states, and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.

About the AFi

The Accountability Framework initiative (AFi) is a collaborative programme to protect forests, other natural ecosystems, and human rights by making ethical production and trade the new normal. To achieve this critical transformation, the AFi promotes and supports implementation of the Accountability Framework, a detailed roadmap for setting goals, taking action, and reporting progress towards ethical supply chains. The initiative is led by the AFi Coalition: a diverse group of 24 environmental and human rights organisations from around the world that developed the Accountability Framework and work to drive positive impact in the agriculture and forestry sectors. Visit us at accountability-framework.org.

DEUTZ AG: DEUTZ acquires genset manufacturer Blue Star Power Systems, Inc.


COLOGNE, GERMANY – EQS Newswire – 27 June 2024 – DEUTZ AG (ISIN DE0006305006), based in Cologne (Germany), today signed an agreement through its wholly owned indirect subsidiary DEUTZ Corporation, based in Atlanta (USA), to acquire all of the shares in Blue Star Power Systems, Inc. (‘Blue Star Power Systems’) from Blue Star Power Systems Holdings, Inc. Currently privately run, the company is headquartered in North Mankato, Minnesota (USA), and develops, manufactures, and sells generator sets (gensets) – predominantly diesel and gaseous at present – in the 20 kWe to 2,000 kWe power range in the USA and Canada. Blue Star Power Systems recorded revenue in the high-double-digit millions of US dollars and an EBITDA margin in the low-double-digit percentage range in 2023.

Based on Blue Star Power Systems’ current level of orders on hand and its own market analysis, the DEUTZ Group (‘DEUTZ’) anticipates that the deal will result in additional annual revenue ranging from more than US$ 100 million to (in the medium term) more than US$ 150 million, with an EBITDA margin above DEUTZ’s current margin and a contribution to EBITDA that, on average, is likely be in the low-double-digit millions of US dollars.

To finance the acquisition, DEUTZ is currently examining various funding structures. In the event that the transaction is fully financed from borrowing, the equity ratio is likely to decrease by a low-single-digit percentage amount, thus remaining well above the target figure of more than 40 percent.

Launched by the Company at the start of 2023, the aims of the Dual+ strategy include building up a portfolio that is fit for the future and increasing DEUTZ’s resilience by expanding its product ecosystem. The acquisition of Blue Star Power Systems represents the first step in systematically establishing a new business unit focused on decentralized energy supply. The acquisition will help DEUTZ to significantly accelerate its expansion into the rapidly growing and less cyclical energy market, at the same time increasing the Company’s presence in North America.

Completion of the transaction is subject to the usual conditions, particularly the necessary regulatory approvals, and is expected to take place in the second half of 2024.

Contact

DEUTZ AG / Mark Schneider / Head of Investor Relations, Communications & Marketing
Tel: +49 (0)221 822 3600 / Email: mark.schneider@deutz.com

DEUTZ AG / Svenja Deißler / Senior Manager Investor Relations & ESG
Tel: +49 (0)221 822 2491 / Email: svenja.deissler@deutz.com

Forward-looking statements This ad hoc disclosure may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. Various known and unknown risks, uncertainties, and other factors may lead to material differences between the actual results, the financial position, or the performance of the DEUTZ Group and the estimates and assessments set out here. These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. The Company does not undertake to update these forward-looking statements or to change them to reflect future events or developments.

Hashtag: #DEUTZAG

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

Paragon Hall’s Reimagined Venue Set to Deliver Spectacular World-Class Events and Entertainment

Thailand’s Premier Event Hall Elevates the Nation to World-Class Event Hub, Attracting Global Tourists

  • Paragon Hall’s new look embraces the “Extraordinary Eventainment” concept for an unparalleled experience with world-class events and entertainment in the heart of Bangkok.
  • Elevating the venue to world-class standards, it serves as Thailand’s first carbon-neutral venue, setting a prototype for social and environmental responsibility with a strong focus on sustainability.
  • It is a key driver in transforming ‘Siam Paragon’ into a bona fide global destination.
  • In response to the government’s initiative to position Thailand as a ‘world-class event hub’ through co-creation with business partners to attract major international events to the country, this effort aims to establish Thailand as a center of entertainment, thus boosting the economy and tourism industry.

BANGKOK, THAILAND – Media OutReach Newswire – 27 June 2024 – Siam Paragon announces another successful step forward in transforming a global landmark project in the heart of the metropolis. Reinforcing its image as the ultimate global destination, Siam Paragon is elevating “Paragon Hall” with an all-new overhauled look under the concept of “Extraordinary Eventainment,” positioning it as the center of world-class event and entertainment venues in the heart of Bangkok. Additionally, Siam Paragon is joining forces with business partners in the MICE and entertainment industry to pack the second half of 2024 with exclusive events and premier world-class performances.

Paragon Hall
Paragon Hall

With the recent transformation, revenue is expected to grow by more than 30% from last year. With 100% of space already reserved, Paragon Hall is poised to help position Thailand as a World-Class Event Hub. It supports a full range of event types, attracting major international events to the country and establishing Thailand as a center of entertainment, thereby driving the economy and tourism industry.

Kritsana Janyasakulwong, Managing Director of Siam Alliance Management Company Limited, a leader in world-class conference and performance center management, stated, “The success of Paragon Hall has over the past 18 years established it as a premier hub for world-class entertainment and events. It is the only venue in Thailand that is both exceptional and trusted by local and international public and private entities, event organizers, artists, and diverse brands. Paragon Hall has built a strong reputation for Thailand by hosting over 2,000 events, generating more than 20,000 million baht in revenue and stimulating the national economy. It consistently delivers ultimate experiences that exceed expectations, creating value for visitors and winning the hearts of organizers with world-class facilities and services. This excellence is recognized and guaranteed by numerous prestigious awards from leading organizations.”

The novel grand-scale concept “Extraordinary Eventainment” offers a remarkable world-class event and entertainment experience.

Transforming Paragon Hall under the concept of Extraordinary Eventainment” aims to provide visitors with the ultimate world-class event and entertainment experience that exceeds their expectations. Upgraded to accommodate world-class event formats in the heart of the city, it offers a complete, one-of-a-kind MICE experience and entertainment in one convenient location and boasts unique strengths:

  • The venue meets world-class standards. Its quality is guaranteed by international awards, and it is the only carbon-neutral venue in Thailand, setting a new benchmark for international event standards. With a strong focus on sustainability, it helps elevate the image of organizing high-quality events across all sectors.
  • Supporting all functions for organizing various events, Paragon Hall features an excellent and comprehensive system, including adjustable soundproof partitions tailored to event needs. The venue also boasts tunable white ceiling lights, a smart lighting system that allows for adjustable color temperature and brightness, ranging from dim white to bright. Additionally, the walls of the hall are adorned with strings of lights that can be adjusted to suit the mood and tone of the event, facilitating the creation of various event atmospheres.
  • The location in Siam Paragon, a world-class landmark in the heart of Bangkok, holds strong potential. It is one of the most visited destinations by people from all over the world.
  • The event venue’s location in the heart of the city strengthens its status as a destination that offers one-of-a-kind all-inclusive luxury experience. The shopping and dining options as well as the attractions perfectly complement the event and entertainment ecosystem in every dimension.
  • The team at Paragon Hall possesses extensive knowledge and experience, along with certifications from global MICE business associations and federations. They are ready to deliver ‘premiumized service’ comparable to that of 5-star hotels. Paragon Hall is the trusted partner that supports every customer’s functions and events to ensure the utmost success.

“This refurbishment of Paragon Hall will create an even more exciting phenomenon. It supports the creation of major events in a new, larger scale and format. We will co-create with business partners to organize global events, and we are committed to bringing all their imaginations to life. Therefore, you can be sure that every time you enter the venue, it will be filled with never-before-seen ‘experiences beyond expectations’. Our goal here at Paragon Hall is to create an ‘Extraordinary Eventainment’ experience, which will serve as to attract even more novel experiences and foster sustainable growth for all sectors,” said Kritsana.

Transforming the space towards future excellence and catering to the needs of organizing various types of events, from major world-class events to entertainment and celebratory functions, it is highlighted events that packed throughout the second half of 2024.

The transformation and rebranding of ‘Royal Paragon Hall‘ to ‘Paragon Hall‘ reflects the visionary leader’s commitment to moving towards the future in every dimension. With an exquisite design elevated to international standards, the goal of this overhaul is to cater to the needs of the target demographic, including organizers and visitors from both domestic and international markets, and attract world-class events to Thailand.

The newly refurbished Paragon Hall has an area of over 10,000 square meters, which is covered by a hall larger than 5,100 square meters, and has an excellent and complete system that can facilitate the organization of various event types, ranging from small gatherings with 50 attendees to large gatherings with up to 10,000 attendees. The venue can accommodate a variety of events, including international trade shows, international conferences and seminars, talk shows, national and international entertainment festivals of all kinds, world-class EDM music festivals, fashion events and fashion shows from renowned local and global brands, E-sport tournaments, and more. Moreover, Paragon Hall’s space can be configured to accommodate various events, including weddings and parties of all types.

“Paragon Hall has undergone a complete redesign for a more modern and exquisite aesthetic. We aim to offer everyone a luxury experience that cannot be found elsewhere. Paragon Hall is once again ready to create a phenomenal experience for organizers and visitors alike. Our target is to achieve a 30% increase in the number of events in 2024. is the venue has already been fully reserved for this year,” said Kritsana.

Setting the stage for greatness and epitomizing ‘Extraordinary Eventainment,’ Paragon Hall is changing the paradigm for event organization with a series of spectacular entertainment phenomena, beginning with the highly anticipated BABYMONSTER FAN GREETING, followed by a fan meeting featuring Korean artist TEN NCT, a concert by Korean artist SUHO EXO (the first full solo concert in Thailand), Wonder Festival (a combining traditional art and modern pop culture), Youth World Championship boxing events, weddings of LGBTQ+ couples as a celebration of equality, E-sport game competitions, and a world-class White Party countdown to end the year on a grand scale.

Paragon Hall has been certified to the ASEAN MICE Venue Standard and Thailand MICE Venue Standard by the Thailand Convention and Exhibition Bureau (Public Organization). This certification reflects the venue’s high standards and readiness across all components, including its physical aspects, technology, services, and sustainability. Paragon Hall has won awards for outstanding event venues and is internationally recognized with the Asian Outstanding Venue Award by the Asian Federation of Exhibition and Convention Associations (AFECA). Additionally, it is the first carbon-neutral venue in Thailand, certified for effectively reducing greenhouse gas emissions by the Thailand Greenhouse Gas Management Organization (Public Organization). This commitment to sustainability has elevated its image as an event venue that operates in adherence to the principles of sustainable event development.
Hashtag: #ParagonHall

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

Lenovo Announced FY2023/24 ESG Report ESG Leads the Realization of “Smarter AI for All” Vision

  • Created the Responsible AI Committee in FY2022/23 and has built a 7-pillar governance framework to evaluate AI innovation across its pocket-to-cloud portfolio.
  • Made progress toward and is on-track to meet its 2030 emissions reduction targets, in alignment to the Science Based Targets initiative’s net-zero standard.
  • Reported an industry-leading 29% representation of women in technical teams, fueling innovation and its smarter technology for all vision.


HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – Lenovo (HKSE: 992) (ADR: LNVGY) has published its 18th annual Environmental, Social and Governance (ESG) Report, further demonstrating its commitment to being a responsible corporate citizen with a vision to provide smarter technology for all. In this year’s report, the global technology powerhouse shared its progress toward 2030 emissions reduction goals, increased participation in the circular economy, industry-leading representation of women in technical roles 4, increased employee volunteerism, and proactive governance of AI as it works to become the leading provider and enabler of smarter AI.

Lenovo Announced FY2023/24 ESG Report ESG Leads the Realization of

“AI has brought unprecedented opportunities over the last year,” shared Yuanqing Yang, Chairman and CEO of Lenovo. “It is clear that AI will be a major priority and influence in our business for years to come and we recognize our duty to leverage this technology to improve the lives of people around the world while minimizing its impact on the planet.”

Lenovo first announced its smarter AI for all vision at Lenovo Tech World in October 2023. Since then, Lenovo has launched an AI-enabled solution for real-time tracking of its manufacturing emissions, an AI-powered engine to give customers insights on their IT emissions, and numerous social impact initiatives to support communication for people with hearing loss, preserve the voice of an individual suffering from ALS, connect non-profits to trusted resources for AI, and ensure its own AI solutions are reviewed for inclusion and accessibility, among other responsible AI factors.

The proactive governance in place for the quickly emerging AI field underscores Lenovo’s long-standing commitment to governance across its environmental affairs and social impact programs. Lenovo is in the first group of companies to have its near-zero targets validated by the Science Based Targets initiative’s Net-Zero Standard and is on-track to meet the first milestone in its journey to net-zero: near-term 2030 emissions reduction goals. The company has made progress towards its 2030 goals to reduce scope 1 and 2 emissions by 50%, and Scope 3 emissions intensities by 66.5% from purchased goods and services, 35% from sold products, and 25% from upstream transportation and distribution.

Lenovo continues to increase its participation in the circular economy, increasing use of sustainable materials and asset recycling and disposal. Since 2017, Lenovo has grown its reuse and recycling of products by nearly 40%1 through its product take-back programs2. Lenovo has reused or recycled more than 94,000 metric tons of products1 through PELM programs2 – Since 2020 – the same weight as 87 million ThinkPads3.

In addition to environmental impact, Lenovo is working to increase diversity, inclusion, and access to technology internally and externally. Lenovo has reported 29% representation of women in technical roles in this year’s report, leading the industry in women’s representation on technical teams4. Lenovo continues its pursuit of increasing diversity in its executive ranks, working to reach 27% women representation around the world and 35% representation of historically excluded talent in the U.S. by FY2025/26. With customers in 180 markets around the world, diversity has always been core to Lenovo’s business success “Workforce diversity not only supports stronger solutions to problems, but it helps us better meet the needs of our diverse, global customer base,” shared Laura Quatela, Senior Vice President and Chief Legal and Corporate Responsibility Officer for Lenovo.

Lenovo is focused on sharing its smarter technology with the community and reported USD $21M in philanthropic impact around the world. Lenovo’s global employee base is core to this mission, with employee volunteerism increasing by 40% during the annual Love on Month of Service in 2023. Lenovo’s philanthropic work underscores the company’s smarter technology for all vision and smarter AI for all focus through initiatives like the AI for Social Impact webinar series, Ashoka changemakers partnership, and partnerships localized to meet the needs of communities around the world.

Lenovo’s ESG experts align its corporate strategy to various frameworks and standards, and is honored to be recognized by leading ratings, rankings, and indices throughout the year.

More resources:

  • Learn Lenovo’s commitment and progress toward its sustainability goals on YouTube
  • Explore Lenovo’s global impact on the interactive ESG Map
  • Read more about Lenovo’s Environmental, Social and Governance performance in the FY2023/24 ESG Report

1 Based on CY 2022 product recycling data: https://www.lenovo.com/us/en/sustainability-product-recycling/
2 Consumer and commercial take-back programs
3 Based on total weight of ThinkPad X1 Carbon Gen 12 at 1.09kgs/2.42 lbs: https://www.lenovo.com/us/en/p/laptops/thinkpad/thinkpadx1/thinkpad-x1-carbon-gen-12-(14-inch-intel)/len101t0083
4 Based on published data from competitors and peers
Hashtag: #Lenovo

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

About Lenovo

Lenovo is a US$57 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a pocket-to cloud portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit , and read about the latest news via our .

Laos: June Inflation Hits 26.2 Percent, Highest in 2024

Patuxay Monument (Photo: Laotian Times)

The inflation rate in Laos in June rose to 26.2 percent, up from 25.8 percent in May, marking the highest rate the country has experienced this year. Despite this, Laos also reported a positive economic growth trend.

Contract Professionals Gain Traction in Hong Kong’s Challenging Economy: 63% of Employers Hire Contractors in 2024

HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – Despite a dimmer economic outlook for 2024 in Hong Kong, a recent survey by leading specialist professional recruitment firm Robert Walters found that the demand for contract roles in Hong Kong remains strong amidst the challenging climate.

The findings are from Robert Walters’ upcoming “Hong Kong Contractor Recruitment Guide”, which surveyed over 300 business decision-makers across multiple sectors about their contractor hiring plans and challenges. The survey revealed that 63% of employers are going to hire contractors in 2024. 51% of them have already started contractor recruitment in 2023, while 12% didn’t hire contractors in 2023. Notably, sectors such as IT, accounting & finance, human resources, and business support are experiencing significant demand for contract talent.

The findings indicate that the key reasons employers are turning to contract workers include the ability to staff short-term assignments (43%), the lack of permanent headcount budget (29%), and the need for specialised skills and expertise (20%). Matthew Sullivan, senior manager of Robert Walters Hong Kong financial services contract division, explained, “Contractors are becoming an essential part of the workforce strategy, providing the agility and specialised skill sets that organisations require to adapt under uncertain economic times.”

Professionals are increasingly considering contract positions

For years, the traditional mindset among Hong Kong employees has been one of aversion to non-permanent, contractor-based work, influenced by the city’s strong preference for long-term, salaried positions as the ideal career path. Employees tended to view contracting work as less stable and culturally unacceptable.

However, the demand for contingent workers for short-term tech projects in recent years and the arrival of a new generation of workers are challenging this long-standing perspective. More employers are seeking multi-disciplinary talent rather than just highly specialised individuals. Contractors can provide the versatility of experience to tackle complex, cross-functional projects. “It has become increasingly common for professionals to take on contractor roles to gain exposure to new industries, technologies, and projects in a short space of time.” Commented Pinki Chan, manager of Robert Walters Hong Kong tech & transformation contract division.
Gen Z’s entrepreneurial mindset

Young workers tend to prioritise roles that enrich their lives across mental, emotional, and experiential dimensions. They place real value on being able to let their work “do the talking” rather than the hours served. Pinki added, “Contract roles provide young professionals with the perfect springboard to be the best in their field. While it can open the door to a new industry or type of work, contractors can enjoy higher flexibility to plan longer holidays and go for training to upgrade their skills”.

According to the Robert Walters top talent trends in recruitment guide, 9 out of 10 Gen Z professionals see remote/hybrid working as the biggest lever when choosing a role. This younger generation prioritise work-life balance, and flexibility is proving to be a valuable target for companies seeking agile talent, making contractor positions increasingly appealing. The survey by Robert Walters shows that flexible working arrangements is the most common perk for employers (35%) to appeal to contractors.

Tapping into the GBA talent pool

The survey also states 51% of employers trying to hire contractors in Hong Kong cited sourcing skilled contractors as their top challenge. This “talent crunch” is driving employers to explore new avenues for finding the specialised expertise they require.

In response, employers are increasingly looking beyond the local talent pool and turning to the Greater Bay Area (GBA) for contractor hires, which the HK government’s Top Talent Pass Scheme (TTPS) has facilitated this trend, with an increase of working visas issued. Notably, 60% of GBA talent who are looking to work in Hong Kong have stated they are open to being employed as contract workers from the GBA talent survey by Robert Walters. This suggests a more favourable view of contractor roles in the region, as opposed to the traditional Hong Kong mindset against contracting work. The growing openness to contractor roles among the GBA talent pool presents an opportunity for employers to bridge their skills gap.

Hashtag: #Contracting #RobertWaltersHongKong #HongKongHiringMarket #HiringTrends #GBAtalent #GenZtalent


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

Robert Walters Hong Kong

Established in 1985, Robert Walters is one of the world’s leading specialist professional recruitment consultancies spanning 31 markets. The Hong Kong office specialises in placing high-calibre professionals on a permanent or contract basis in the following specialities: accounting & finance, construction, property & engineering, financial services, HR & business support, legal & compliance, sales & marketing, supply chain, logistics & procurement, and tech & transformation.

The Robert Walters Hong Kong contract team focuses on a wide range of contract, interim and temporary hire from mid-level to senior management. We also offer an end-to-end resourcing and payroll service. For more information, please visit

Tradewind Finance Pays Tribute to Customers on MSME Day


HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – This MSME Day, Tradewind Finance, a global trade finance provider, is celebrating the thousands of SME customers it has served over the years with reliable capital to grow and thrive.

Dubbed the “backbone” of economies, micro, small and medium-sized enterprises (MSMEs) make up 90% of businesses globally and account for over 70% of jobs worldwide, according to the United Nations website. They’re critical to achieving the United Nation’s 2030 Agenda for Sustainable Development Goals, including decent work for all.

By partnering with SMEs, Tradewind has also contributed to this set of SDGs. Apart from Decent Work and Economic Growth (SDG 8), Tradewind’s activities and their development effects in emerging markets have also made a positive impact on the following: Zero Hunger; Industry, innovation and infrastructure; and Partnership of the Goals.

Despite their critical role in the world, MSMEs, especially those in developing countries, still face challenges accessing the financing they need for day-to-day operations and successful growth.

As per the Asian Development Bank, there is an estimated $2.5 trillion trade finance gap, which signifies the difference between requests and approvals for financing to support imports and exports. This unmet demand denies businesses the working capital and trade support required to achieve their full potential. Tradewind is closing this gap by providing their customers with flexible, tailor-made financial solutions that deliver quick access to capital and reduce the risk of non-payment from buyers.

Most of Tradewind’s customers are small and medium-sized businesses. The firm’s funding is based on their customers’ buyers’ creditworthiness, rather the customer’s own financials, which they might still be developing and strengthening. The company’s flexible approach to financing enables SMEs to receive the funding they require and deserve.

Today, the team at Tradewind would like to take the opportunity to thank their SME customers spread in most of the markets across the globe. Through on-site visits to the facilities of their clients and close collaboration with them, the team recognizes the significance of the products and services made by small and mid-sized manufacturers, traders, exporters, importers, processes and others that have changed and shaped the world.

To know more about how Tradewind has partnered with SMEs worldwide to help optimize their cash flow reduce their trade risk, read the company’s mission: https://www.tradewindfinance.com/our-mission/

Hashtag: #Tradewind #tradefinance #finance #exportfactoring #financing #invoicediscounting #invoicefinancing




Wechat: 德益世国际保理

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

About Tradewind Finance

Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single package of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.

Laos, South Korea Strengthen Ties with Early Warning System Grant

The signing agreement at Seoul, Republic of Korea.

The Korea Meteorological Administration (KMA) has granted USD 4 million to the Department of Meteorology and Hydrology (DMH) in Laos. The funding aims to upgrade Laos’ early warning systems for natural disasters, including floods, earthquakes, and landslides.