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More Than 415,000 Lao Workers Abroad Affecting Domestic Labor Market

Lao workers seeking employment abroad (Photo: Lao National Radio)

Over 415,000 Lao workers are currently employed abroad, exacerbating a labor shortage in the country, as highlighted by Baykham Khattiya, Minister of Labor and Social Welfare (MOLSW) during the 7th ongoing Ordinary Session of the National Assembly on 13 June.

Shaping the Future: Revomed Invests Over 100 Million Baht in Innovative Research to Lead Marketing in the Modern Health and Beauty Business


BANGKOK, THAILAND – Media OutReach Newswire – 17 June 2024 – Revomed Group Company Limited, Thailand’s premier manufacturer and importer of cosmetics and dietary supplements (OEM/ODM), operates three production plants certified to international standards and has been recognized and trusted by brand owners and consumers worldwide. Revomed is committed to social responsibility and deeply understands brand owners’ needs. The company’s foundational principle, “More than contract production, we are your business partner,” continues to guide its collaborative approach to this day.

Revomed-innovative-revolution

On March 30, 2024, Revomed hosted an Open House event at Pearl Bangkok. Dr. Wasana Intasang (Khun May), Chief Executive Officer (CEO), articulated the event’s purpose: to reinforce the company’s leadership in innovation across extract, production, and marketing domains. The theme “Shaping Innovation, Shape of the Future: Creating Innovations for the Future of Your Brand” welcomed brand owners, celebrities, influencers, partners, and customers to explore Revomed’s future strategies.

Revomed is dedicated to leveraging “marketing-led innovation” to elevate Thailand’s health and beauty industry to global standards, thereby enhancing the competitiveness of brand owners and ensuring exceptional value, quality, and safety for end consumers.

To excel in the research and development of innovative health products and effectively meet customer needs, Revomed has established strategic partnerships with prominent research institutions globally, encompassing both public and private sectors. This collaboration facilitates the development of high-quality innovations that drive business expansion and provide a distinct competitive advantage for brand owners. With a research budget exceeding 100 million baht, Revomed collaborates with esteemed Thai institutions such as Chulalongkorn University, Mahidol University, and the Government Pharmaceutical Organization, as well as leading international enterprises from Japan, South Korea, New Zealand, and Germany.

Furthermore, regarding marketing innovation, Mr. May unveiled a future operational strategy focused on marketing innovation through synergistic partnerships with diverse industry stakeholders, including business leaders, brand owners, celebrities, singers, reviewers, influencers, and other market influencers. This collaborative approach aims to propel the market forward and establish novel business models that address consumer needs with enhanced comprehensiveness and efficiency. Revomed Group and its affiliates have set an ambitious goal for this year: to achieve total sales of 2,500 million baht.

Revomed Group’s goals for 2024 appear eminently achievable, considering the robust global market value of health and beauty products, which surpasses one trillion dollars and exhibits an annual growth rate of 6.7%. In Thailand, the market continues to expand year after year, propelled by an increasing emphasis on health and beauty awareness, characterized by the concept of “beautiful, healthy, and age-appropriate,” emphasizing preventative rather than curative measures.

Nevertheless, the challenge lies in the dynamic and diverse nature of consumer needs, presenting continuous opportunities for entrepreneurs capable of meeting these demands, irrespective of brand scale. Numerous brands, including some present at today’s event, exemplify this potential. They underscore the abundance of opportunities available in the market for those equipped to capitalize on them.

Even a small brand just starting out can find its place in this market,” Ms. Wasana concluded at the Open House event, underscoring the prospects for success within the ever-evolving health and beauty industry.

Contact Revomed Group: :

Website: https://revomed.co.th
Tel: (+66) 061-662-4242
Line: @Revomed (with @ in front)
Facebook: https://www.facebook.com/revomedthailand

Hashtag: #RevomedGroup

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

Vectron Systems AG: Statement Takeover Offer English Version


MÜNSTER, GERMANY – EQS Newswire – 17 June 2024 – The business combination announced on 1 June 2024 between Vectron Systems AG (“Vectron”) and the Shift4 group of companies (“Shift4”) was previously subject to the condition that Shift4 succeeds in acquiring a total of at least 70% of the Vectron shares (including the shares from the planned capital increase). With the 70% threshold having been nearly reached already, Shift4 has now declared that it has waived this condition and that the condition is deemed to be fulfilled. This means not only that the acquisition of around 41.4% of Vectron’s share capital by the current CEO Thomas Stümmler and a company controlled by him, but also that the agreed Business Combination Agreement is finally binding and that the 10% capital increase from authorised capital is being subscribed by Shift4 and completed.

For the current tender offer (www.arrow-offer.com) for all Vectron shares at an offer price of EUR 10.50 per Vectron share, the condition is also not relevant any longer. The Bidder has also waived all other offer conditions. Following the tender offer, the Vectron share shall be de-listed in the short term.

The Executive Board and Supervisory Board have reviewed the offer document independently of each other and have published a respective joint statement.

The Executive Board and the Supervisory Board consider the consideration offered by the Bidder to be appropriate, fair and attractive. The Offer Price includes a premium of EUR 0.74 or approximately 7.6% per Vectron Share on the closing price on 31 May 2024, the last trading day prior to the announcement of the intended Offer by the Bidder and even a premium of EUR 3.53 or approximately 50.6% compared to the volume-weighted average price during the six previous months.

The targets of Shift4 for Vectron set out in the Offer Document Vectron are, in the opinion of the Executive Board and the Supervisory Board, in the best interests of the company and are in the interests of its employees and customers. The Executive Board and the Supervisory Board therefore support and welcome the offer.

The economic attractiveness of the offer for the accepting shareholders prompts the Executive Board and Supervisory Board to recommend that Vectron shareholders accept the offer. Shareholders should also take into consideration in their decision that a delisting of the Vectron share is planned.

Further details on the reasons for this recommendation can be found the joint statement of the two bodies published at www.vectron-systems.com/de/unternehmen/investor-relations/uebernahmeangebot.

The transaction was advised on the part of Vectron Systems AG by Stephens (Financial Advisor), Heuking Kühn Lüer Wojtek (Legal) and Meister Consulting (IR).

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

Hungary Reopens Embassy in Laos After Three Decades

Hungary Reopens Embassy in Laos After Three Decades
Hungarian Foreign Minister Péter Szijjártó and Laos’s Deputy Prime Minister and Minister of Foreign Affairs, Saleumxay Kommasith shake hand (photo: Sabaidee)

Hungarian Foreign Minister Péter Szijjártó and Laos’s Deputy Prime Minister and Minister of Foreign Affairs, Saleumxay Kommasith, inaugurated the reopening of Hungary’s embassy in Vientiane on 14 June, marking a significant milestone in the long-standing diplomatic relations between the two nations.

70% of social sector organizations are insufficiently prepared against cybersecurity threats

The Doing Good Index 2024 reveals Asia’s social sector is unprepared for technological challenges


HONG KONG SAR – Media OutReach Newswire – 17 June 2024 – The Centre for Asian Philanthropy and Society (CAPS), a uniquely Asia, independent, action-oriented research and advisory organization, released the 2024 edition of its flagship study, the Doing Good Index. The study finds that despite the rapid digitalization of the Asian social sector, social delivery organizations (SDOs)1 are struggling to keep up with technological changes due to inadequate access to digital infrastructure, lack of capacity, and insufficient donor support. As technology continues to advance, a new type of digital divide is being created that hampers the ability of the social sector to deliver products and services to the most vulnerable communities.

The Index finds that digital technology has become commonplace in the social sector in Asia. 95% of the organizations surveyed use digital technology to carry out their work, with 88% intending to increase their use of digital technology in the next two years. However, SDOs in Asia lack the necessary resources to fully leverage the benefits of digital technology and protect themselves against the associated risks. 59% of surveyed SDOs said their staff lack the skills to use digital tools effectively, and 70% do not have, or are unaware of, an organizational cybersecurity strategy. When asked about their organization’s top technology needs, hardware, operational software and staff training emerged as the top three.

According to the Index, access to operational funding is essential for organizations to respond adequately to the rapidly changing digital landscape. Almost half of SDOs report that their donors do not fund digital technology and IT costs, indicating a glaring funding gap.

“Asia’s social sector is unprepared for technological change amidst the rapid digitalization in the region. We believe philanthropy can play a crucial role in meeting digital technology needs. Donors should recognize that challenges in securing operational funding hinder the organizations they support from investing in digital technology that could improve their productivity and impact. Operational funding and in-kind donations can help social delivery organizations invest in capacity building to fully leverage digital technologies to meet their mission of helping our communities.” said Dr. Ruth Shapiro, the Co-Founder and Chief Executive of CAPS.
In addition to technological challenges, the Doing Good Index also shares how economies across the region are or are not creating enabling environments for the giving and receiving of private social investment such as philanthropy and corporate social responsibility (CSR).

Against the backdrop of the tumultuous Covid-19 years, there has been little change across the four sub-indexes2 of the Doing Good Index in the last two years. Aside from Sri Lanka, which improved in performance, all other economies have remained in the same clusters as 2022.

Funding to the social sector has remained mostly unchanged. Domestic funding (from individuals, foundations and companies) remains the main funding source for SDOs across Asia, comprising 64% by proportion of the average SDO’s budget. Government funding (20%) and foreign funding (15%) as a proportion of an SDO’s budget have also remained steady.

Funding shortfalls, staffing challenges, and staff upskilling/reskilling are the top challenges facing the social sector. Almost three-quarters (73%) of SDOs struggle to recruit staff, and 69% report difficulty retaining them.

Governments continue to send mixed messages on social sector regulations. While some governments embrace the social sector as a partner, others are showing a hot-and-cold approach, at times encouraging its growth and at others implementing overly burdensome regulations and restrictions.

The role of SDOs remains important, and they generally feel supported. There is also strong optimism within the sector, even after the turmoil of the last few years. This demonstrates the resilience of SDOs in the face of unprecedented challenges.

Mr. Ronnie Chan, the Co-Founder and Chair of CAPS, said, “With ongoing crises ranging from regional conflicts to climate change, Asia faces an uphill battle to create a more equitable future. The good news is that with increasing private wealth, Asia has a unique opportunity to leap ahead and implement policies and programs to solve community problems. We at CAPS are pleased to release the fourth iteration of the Doing Good Index, offering actionable and evidence-based insights for business leaders, philanthropists, and policymakers to consider how they can facilitate and increase private capital flows toward the social sector. The Doing Good Index also offers a blueprint for a more equitable, sustainable, and prosperous future for the region.”

Download the Doing Good Index 2024 here and visit the interactive microsite.

1 Social delivery organization (SDO) refers to entities engaged in providing a product or service that addresses a societal need.
2 Regulations, Tax and Fiscal Policy, Ecosystem and Procurement.
3 Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Chinese Taipei, Thailand, and Vietnam.
Hashtag: #CAPS #DGI #DGI2024 #Philanthropy #nonprofit#Asia





Wechat: 亚洲公益事业研究中心

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

About the Doing Good Index

The Doing Good Index studies the regulatory and societal environment in which private capital is directed toward doing good in Asia. Now in its fourth iteration, the Index identifies the policies and incentives that can drive private capital to the social sector and considers how stakeholders can build stronger, more trusting connections. It is an evidence-based resource for policymakers, philanthropists, academics and nonprofit leaders, offering in-depth insights and best practices to increase and enhance philanthropic giving.

The Index is based on data under four sub-indexes: Regulations, Tax and Fiscal Policy, Ecosystem and Procurement. Together, these indicators provide a picture of various factors impacting the supply and demand for private social investment in each economy. In 2024, we also included questions about how the social sector is embracing digital technology in the provision of services, raising funds and managing business operations. The findings are evidence-based, derived from survey data collected from 2,183 SDOs and 140 experts across 17 economies3, and supported by a network of partners and experts across Asia. After tabulation, the Index categorizes the economies into four clusters: Doing Well, Doing Better, Doing Okay and Not Doing Enough.

Centre for Asian Philanthropy and Society (CAPS)

Established in 2013, the Centre for Asian Philanthropy and Society (CAPS) is a uniquely Asian, independent, action-oriented research and advisory organization, committed to improving the quality and quantity of philanthropic giving throughout Asia. Our mission is to improve the social investment sector in Asia by researching and advising best practices, models, policies, and strategies that can contribute to positive system change.

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Singapore Rushes to Clean Up Oil Slick After Boat Hits Stationary Fuel Supply Ship

Workers clean oil spill along Sentosa's Tanjong Beach area in Singapore, Sunday, June 16, 2024. An oil spill caused by a dredger boat hitting a stationary cargo tanker has blackened part of Singapore's southern coastline, including the popular resort island of Sentosa, and sparked concerns it may threaten marine wildlife. (AP Photo/Suhaimi Abdullah)
Workers clean oil spill along Sentosa's Tanjong Beach area in Singapore, Sunday, June 16, 2024. An oil spill caused by a dredger boat hitting a stationary cargo tanker has blackened part of Singapore's southern coastline, including the popular resort island of Sentosa, and sparked concerns it may threaten marine wildlife. (AP Photo/Suhaimi Abdullah)

KUALA LUMPUR, Malaysia (AP) — An oil spill caused by a dredger boat hitting a stationary cargo tanker has blackened part of Singapore’s southern coastline, including the popular resort island of Sentosa, and sparked concerns it may threaten marine wildlife as a clean-up operation was underway Sunday.

HeeSay Launches ‘COMMUNITY’ to Help Users Find Nearby Events in Real Time


MANILA, PHILIPPINES – Media OutReach Newswire – 17 June 2024 – The LGBTQ+ social networking pacesetter HeeSay announced the launch of ‘COMMUNITY’, a new feature designed to reinforce its commitment to fostering more diverse and open-minded online connections.

The HeeSay Community revolves around two standout sections, ‘Hot Picks’ and ‘Group Chat’. In the ‘Hot Picks’ section, users can browse, discover, and sign up for nearby offline events hosted or co-hosted by HeeSay. A newly added ‘invitation’ button within this block encourages users to invite their pals for an offline shared experience of entertainment and fun.

Additionally, people can join corresponding ‘Group Chat’ based on displayed events to share activity updates and make new friends. This highlight of HeeSay Community aims to boost deeper connections and vibrant interactions within the LGBTQ+ cohort.

“The group chats in HeeSay Community extend beyond event topics; users can create chats about any interest. They can easily find and join chat rooms via hashtags, making it simple and effective to share and connect,” explained the Head of Product at HeeSay.

“This update underscores our commitment to nurturing an online ‘Community’ for LGBTQ+ individuals. Within HeeSay Community, they can effortlessly discover nearby offline events and connect with groups that align with their interests, enhancing stronger connections and a greater sense of belonging,” emphasized the head.

HeeSay’s new feature arrived as June unfolded into Pride Month, the annual festival for LGBTQ+ individuals worldwide to celebrate the diversity of this community. And HeeSay, without exception, also orchestrated various online and offline events to catch the eye.

The ‘Lip Sync Battle’ held by HeeSay U.S., inspired by the namesake variety show, has invited renowned drag queens to showcase their talents. It’s been disclosed that approximately 400 users have registered via HeeSay Community to join this highly anticipated event.

HeeSay is gearing up to enhance its community feature with additional interactive elements, content and sections, aiming to foster an inclusive online space that meets the various social needs of LGBTQ+ people.

Hashtag: #HeeSay

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

Asian Machine Tool Online Exhibition 2024 Grand Opening


TAIPEI, TAIWAN – Media OutReach Newswire – 17 June 2024 – The Asian Machine Tool Online Exhibition 2024 (AMTOE 2024) opens today, featuring a seamless integration of virtual and physical elements targeted at Asian suppliers, importers, and exporters. Running from June 17, 2024, to November 30, 2024, this event provides an excellent opportunity for exhibitors to enhance their brand visibility. Jointly organized by AsianNet and TradeAsia (www.e-tradeasia.com) since 2022, this transnational trade event has consistently delivered impressive results in terms of both quality and quantity. For 2024, the exhibition scale has been expanded. The six-month event aligns with the schedules of CIMES 2024, IMTS, and JIMTOF (JAPAN INTERNATIONAL MACHINE TOOL FAIR), creating significant group momentum and offering international buyers the convenience of visiting and comparing multiple exhibitions in a single purchase journey.

Caption

TradeAsia, the organizer of AMTOE 2024, has invited dozens of leading Taiwanese suppliers in the machine tool industry to participate. Renowned brands such as SAN SHING MACHINERY, ZITAI PRECISION MACHINERY, U-CAN DYNATEX, OAV EQUIPMENT & TOOLS, UNITRONIC AUTOMATION, JESPER PET PREFORM, CHU-SHIANG INDUSTRIAL, CHUEN CHARNG, SHANG-YUH MACHINE, KINGDOM MACHINERY, COIN ROKAKI ENTERPRISE, UNI MAGNETIC INDUSTRIAL, YUAN KING MACHINERY, NOVELTEK INDUSTRIAL MANUFACTURING, and MASTER RESOURCE are all set to showcase their innovative products.

TradeAsia, the organizer of AMTOE 2024, has invited dozens of Taiwanese suppliers of machine tool industry products to participate. The event showcased a wide range of products from leading manufacturers, including Bearing, Casting, Molding and Machining, General Industrial Equipment, General Mechanical Component, Hand Tool, Hydraulic Tool, Machine Tool, Metal Processing Machinery, Mining & Metallurgy Supply, Electronic Production Machinery, Chemical Equipment & Machinery, Abrasive Tool, Measuring & Gauging Tool, Measuring Instrument, Industrial Supporting Machinery, Machinery & Industrial Supply. Thousands of the latest products, tools, and equipment were on display. It can be said to be rich and professional.

AMTOE 2024 Online Exhibition:
https://www.etradeasia.com/online-show/33/Asian-Machine-Tool-Online-Exhibition-2024.html

Despite the gradual easing of the Covid-19 pandemic, international travel remains limited. In this context, online activities can effectively bridge the gap and expand marketing efforts. AMTOE 2024 offers a variety of online exhibition solutions, including dedicated exhibition pages, electronic catalogs, and virtual exhibition halls. These solutions connect product and exhibitor information with TradeAsia, allowing international buyers to easily access and explore the exhibition from anywhere in the world. Buyers can visit manufacturers’ specific pages and leave inquiries for further business engagement.

TradeAsia (www.e-tradeasia.com), established in 1997, has long provided B2B international trade services for buyers and sellers. As the world’s most experienced and professional trade platform, TradeAsia boasts millions of global members, over 600,000 suppliers, and millions of the latest products. Thousands of professional buyers worldwide use the platform daily to find products and connect with sellers for business cooperation, making TradeAsia a vital trade promotion channel in Asia.

Additionally, TradeAsia partners with hundreds of trading entities worldwide to exchange marketing and promotional exposure. Suppliers featured on TradeAsia will have the opportunity to be showcased across multiple trade platforms and exhibition entities globally, significantly enhancing their international marketing reach. During AMTOE 2024, promotional messages will be broadcasted globally to maximize exposure and engagement.

Hashtag: #TradeAsia #AMTOE2024

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