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OCBC Announces Key Leadership Changes as its Asean-Greater China Strategic Thrust Intensifies

Seasoned OCBC bankers take on expanded roles, reflecting the Group’s deep bench strength

SINGAPORE, HONG KONG SAR – Media OutReach – 18 October 2023 – OCBC today announced leadership changes that will continue enhancing its Greater China coverage as the Group’s ASEAN-Greater China strategic thrust gathers momentum.

Wang Ke

Wang Ke

Mr Wang Ke, currently CEO of OCBC Wing Hang China, will assume the role of Head of Greater China, succeeding Mr Tan Wing Ming. With Mr Wang’s appointment, Mr Ang Eng Siong, currently Deputy President and Head of Corporate Banking at OCBC Wing Hang China, will step up as the Acting CEO of OCBC Wing Hang China. Mr Ang’s appointment will be formalised once the regulatory approval is obtained. Both appointments will take effect on 1 November 2023. Mr Tan will return to Singapore as an adviser to the Group CEO.

Mr Wang joined the OCBC Group in 2012 as the Head of IT in China and expanded his responsibilities to include operations in 2014. He was appointed the Head of Pearl River Delta region in 2017, then assumed the position of CEO of OCBC Wing Hang China in 2019. Under his leadership, critical technology infrastructure and capabilities were built up, and the business deftly steered through the COVID-19 pandemic. OCBC Wing Hang China’s profit has more than doubled since 2019. A well-respected leader, Mr Wang has built a strong team and kept the employee morale high as the nation navigated the tough COVID-19 situation. Despite the challenging market conditions, in the fourth quarter of last year, OCBC Wing Hang China expanded its geographical coverage by opening a branch in Wuhan, the largest city in Central China.

Ang Eng Siong

Ang Eng Siong

Mr Ang has been with OCBC since 2009. He spent 6 years in Singapore in various roles across risk management, finance and business development. As part of OCBC’s talent development programme, Mr Ang moved from Singapore to China in 2015. He was appointed China’s Chief Risk Officer in 2018 and Head of Corporate Banking in 2022. Mr Ang built a resilient risk management architecture to support the growing franchise. A strong advocate of teamwork and people development, he has deepened the capabilities of the team. On top of driving rapid growth in cross border business, he led the China Corporate Banking Division into new business frontiers in sustainable finance and renewable energy as well as the technology, media, and telecom (TMT) sector which focuses on new technology.

Mr Tan Wing Ming spent 18 years in OCBC, his first role being the Country Head of the OCBC China branch. With his successful track record in China, Mr Tan was appointed Regional General Manager of North East Asia in 2009, and was later tasked to set up and lead the Greater China Division in 2021. Since then, Mr Tan has enlarged OCBC’s share of the ASEAN-Greater China trade and investment flows by building up its transaction banking capabilities and developing new collaboration channels.

Ms Helen Wong, Group CEO of OCBC, said: “I am pleased that our deep internal talent pool has provided the best candidates for these senior Greater China appointments. It affirms our commitment to nurturing homegrown talent and providing avenues for career progression and mobility. Wang Ke and Eng Siong are valuable contributors to the OCBC franchise. I am confident that, in their expanded roles, they will further advance OCBC’s strategic priorities in Greater China.”

Ms Wong also thanked Mr Tan for his contributions, saying: “Wing has created synergistic values by harnessing the OCBC One Group strengths and capabilities. He has built an effective Greater China platform that will propel OCBC to the next phase of growth. I am glad that Wing is staying on as an adviser.”
Hashtag: #OCBC

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

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia.

The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 420 branches and representative offices in 19 countries and regions.

For more information, please visit .

Molex Announces KickStart Connector System, First OCP-Compliant, All-in-One Boot-Drive Connectivity Solution with Integrated Power and Signal Circuits

  • Single, standardized cable assembly provides common hardware solution that combines power, plus low- and high-speed signals, to simplify server designs
  • Flexible, easy-to-implement interconnectivity solution replaces multiple components and reduces need to manage multiple cables
  • Low-profile design and mechanical structure aligned with Molex’s OCP-recommended, NearStack PCIe to optimize space, reduce risk and speed time to market


LISLE, IL Media OutReach – 18 October 2023 – Molex, a global electronics leader and connectivity innovator, has expanded its array of solutions recommended by the Open Compute Project (OCP) with the introduction of the KickStart Connector System. An innovative, all-in-one system, KickStart is the first OCP-compliant solution that combines low-speed and high-speed signals, as well as power circuits, into a single cable assembly. This complete system eliminates the need for multiple components, optimizes space and accelerates upgrades by offering server and device manufacturers a flexible, standardized and easy-to-implement approach for boot-drive peripheral connections.

Molex KickStart.jpg

“The KickStart Connector System reinforces our goal to remove complexity and drive increased standardization in modern data centers,” said Bill Wilson, new product development manager for Datacom & Specialty Solutions, Molex. “The availability of this OCP-compliant solution reduces risk for customers, alleviates their burden of validating separate solutions and provides a faster, simpler path to critical data center server upgrades.”

Modular Building Blocks for Next-Gen Data Centers

The integrated signal and power system is a standardized Small Form Factor (SFF) TA-1036 cable assembly that complies with OCP’s Data Center Modular Hardware System (DC-MHS) specification. Developed in collaboration with members of OCP, KickStart is recommended in OCP’s M-PIC specification for cable-optimized, boot-peripheral connectors.

As the only OCP-recommended internal I/O connectivity solution for boot-drive applications, KickStart empowers customers to address evolving storage-signal speeds. The system accommodates PCIe Gen 5 signal speeds, with data transfer rates up to 32 Gbps NRZ. Planned support for PCIe Gen 6 will meet demands for ever-increasing bandwidth requirements.

Moreover, KickStart is aligned with the form factor and robust mechanical structure of Molex’s award-winning, OCP-recommended NearStack PCIe Connector System, which offers the lowest mated profile height of 11.10mm for improved space optimization, increased airflow management and reduced interference with other components. The new connector system also allows for simple, hybrid cable assembly pinout from KickStart connectors to Sliver 1C for Enterprise and Data Center Standard Form Factor (EDSFF) hard-drive docking. Support for hybrid cables further simplifies integration with servers, storage and other peripheral devices while easing hardware upgrades and modularization strategies.

Unified Standards Bolster Product Performance, Reduce Supply Chain Constraints

Ideally suited for OCP servers, data centers, white box servers and storage systems, KickStart reduces the need for multiple interconnect solutions while expediting product development. Designed to support both current and evolving signal speeds and power requirements, Molex’s data-center product development team collaborated with the company’s power engineering group to optimize power-contact design, thermal simulation and power dissipation. As with all Molex interconnectivity solutions, KickStart is backed by world-class engineering, volume manufacturing and global supply chain capabilities.

Product Availability

Samples of the KickStart Connector System are available for evaluation.

Open Compute Project Global Summit 2023

  • Visit Molex at Booth B1 for a complete product showcase of the latest OCP-recommended and OCP-compliant connectivity solutions, including KickStart.
  • See how Molex is paving the way for the next-gen OCP rack standard with a demo featuring Molex IT gear, power-shelf harnesses and Busbar along with 224G solutions with cabled backplane, CX2 Dual Speed, Inception, Mirror Mezz Enhanced and more.
  • Attend informative sessions on industry collaborations and developments driving technology advancements, including:
    • Partnership to Enable Copper for the Next Generation Artificial Intelligence Computing—Joint presentation with Nvidia, October 19, 3:20pm
      CXL Forum, SJCC – Lower Level – LL20BC
    • Thermal Characterization of High-Power Pluggable IO Transceivers—Joint presentation with Cisco, October 18, 9:40 AM, SJC Concourse Level, 210AE
    • Reliability and Material Compatibility: Evaluation of High-Power Interconnects for Single-Phase Immersion Cooling—October 19, 10:30 AM, SJCC Concourse Level, 220C

Hashtag: #Molex

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

About Molex

Molex is a global electronics leader committed to making the world a better, more-connected place. With a presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit .

Lao Ministry of Industry and Commerce Works to Address Land Port Issues

Representational image; Thanaleng Dry Port and Vientiane Logistics Park (Photo: Jclao)

The Lao Ministry of Industry and Commerce (MOIC) is taking steps to improve the import-export process at land ports across the country.

Senoko Energy Launches SolarShare 2.0, Accelerating Singapore’s Green Energy Journey to Net Zero

SINGAPORE – Media OutReach – 18 October 2023 – Senoko Energy today, announced the launch of SolarShare 2.0 – the first commercially available peer-to-peer grid scale trading platform for solar energy in the country. Following the successful launch of the pilot project back in 2020, SolarShare 2.0 is set to revolutionise the energy landscape by enabling businesses and households in Singapore to be powered, at scale, with renewable energy. In line with the government’s goal of achieving net-zero emissions by 2050, SolarShare 2.0 seeks to enable businesses and households to enjoy sustainable green energy 24/7 in time to come, when green energy imports and battery storage become available. With this innovative peer-to-peer trading platform, businesses and households will be able to buy and sell their own solar energy at their preferred price, making it more accessible and affordable. Senoko customers will be able to buy energy matched to specific solar generators, or from a community pool of excess solar energy. Another key feature of SolarShare 2.0 is that it allows businesses and households to track the source, time, and price of solar energy over the grid as well as measure and trace their energy consumption every half hourly. This transparency enables businesses and households to monitor their energy usage and make informed decisions to further reduce their carbon footprint.

image_1 (3).jpeg

Mr. Eric Maka, President & CEO of Senoko Energy (首席执行官, 圣诺哥能源), said: “SolarShare 2.0 is one of our key decarbonisation initiatives, along with our recent partnership with City Energy to jointly study the technical and commercial feasibility of the import and supply of hydrogen. These initiatives demonstrate Senoko’s strong commitment to playing our part to help Singapore achieve its net zero vision.

Mr. James Chong, Senior Vice President, Commercial of Senoko Energy (商务高级副总 裁, 圣诺哥能), said: “SolarShare 2.0 has been designed to empower businesses and households on their green energy journey by enabling them to use clean solar energy from fellow Senoko Energy customers. By enabling consumers to measure and trace their carbon footprint, they will not only be able to better understand how they can be more efficient but importantly, be able to take charge of their energy consumption.”

Mr. Chong further added, “With this initiative, we are also looking to encourage property owners with rooftop space to install solar panels. By contributing excess energy to the grid that can be shared with the community, Singaporeans can do their part to help strengthen Singapore’s energy security.”

Mr. Steve Hoy, CEO of Enosi, an Australian energy traceability company, said: “SolarShare 2.0 allows everyone to become an active participant in the green energy revolution. The platform’s intuitiveness paves the way for businesses and households to take intelligent decisions, enhance their energy efficiency, reduce carbon footprint as well as overall costs. Our customers in Australia are already benefiting from access to solar energy for households, and better returns from rooftop solar investment for businesses. Enosi looks forward to collaborating with Senoko and leveraging our combined knowledge of energy distribution and traceability on the path to a zero-carbon energy future.

SolarShare 2.0 will now be available exclusively to all Senoko Energy’s business and household customers from November 1, 2023. Businesses and households utilising the trading platform will be charged a platform subscription fee of as low as S$5.40 (including GST) per month. For more information about SolarShare 2.0 and how to participate, please visit www.senokoenergy.com/solarshare

Hashtag: #SenokoEnergy

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

About Senoko Energy

Senoko Energy Pte Ltd provides energy for life to generations of Singaporeans, delivering safe, innovative, and efficient energy supply to customers since 1977. Integral to Singapore’s development, it is a pioneer in power generation and energy solutions, serving Singapore’s energy needs with proven reliable performance. As one of the largest power generation companies by installed capacity in Singapore, Senoko Energy has a registered capacity of 2,644 megawatts (MW), providing about one-fifth of the nation’s electricity needs. It is owned by a consortium comprising Marubeni Corporation, ENGIE, The Kansai Electric Power Co. Inc., Kyushu Electric Power Co. Inc. and Japan Bank for International Cooperation. Visit www.senokoenergy.com for more information

About Enosi Energy

Enosi is an energy software leader backed by cleantech investors including ReNu Energy (ASX: RNE). Its Powertracer product is a world-first mass-market scalable, clean energy traceability solution. Tracing carbon free energy is quickly becoming the next global sustainability benchmark and Enosi has built the platform to address this need and enable traceability from source to socket 24/7. Powertracer achieves this by providing full traceability so that consumers can see exactly where their energy is generated. The platform matches units of energy produced by generators with units consumed by customers in the same 30- minute period. Enosi’s software uses scalable cloud-based technology to trace the energy from renewable sources, apply differentiated pricing, and reveal the true renewable content of the energy purchased. Powertracer is raising the bar as a pioneer of true zero, a new standard for sustainable renewable energy use. Learn more at www.enosi.energy.

VeecoTech and Digital Penang To Host Webinar on the RM5000 MSME Digital Grant MADANI

KUALA LUMPUR, MALAYSIA – Media OutReach – 18 October 2023 – VeecoTech Solutions and Digital Penang will be organising a joint webinar on the MSMEs Digital Grant MADANI, a government grant program that offers financial support to empower Malaysian Micro, Small, and Medium Enterprises (MSMEs) in their digital transformation journey.

Webinar Details:
Title: RM5000 MSME DIGITAL GRANT MADANI
Date: 25 October 2023, Wednesday
Time: 10 am to 11 am
Platform: Microsoft Teams

Our webinar speakers will be presenting key topics, including:

  • Grant eligibility
  • Application process
  • Common reasons for rejection and how to avoid them

Attendees are also entitled to receive a free local SEO and social media calendar guide and even a free domain.

“We are thrilled to collaborate with Digital Penang to host this webinar for Malaysian MSMEs. Our goal is to provide a platform for MSMEs to gain the knowledge and resources they need to embrace digitalisation,” said Alain Lye, Managing Director at VeecoTech.

The webinar is open to all Malaysian MSMEs. To complete your registration, kindly visit the official webinar registration page.

This RM 5000 matching grant is made possible by The Malaysia MADANI Framework, Bank Simpanan Nasional (BSN) with Malaysia Digital Economy Corporation (MDEC) and Malaysian Communications and Multimedia Commission (MCMC).
Hashtag: #VeecoTech #MSMEdigitalgrant #SMEGrant2023 #Grant #Malaysia #smallbusiness #smegrant


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

VeecoTech Solutions

Established in 2011, VeecoTech is a leading Malaysia IT solution company, specialised in helping businesses to achieve their success through digital solutions.

Together with the subsidiary companies, namely Benova and Bold Media, VeecoTech has operations in Penang, Kuala Lumpur and Singapore.

Being a multidisciplinary team capable of providing an integrated and robust digital ecosystem for clients, VeecoTech’s expertise lies in website design, e-commerce, software, branding and marketing solutions.

The company has served over 500 clients from diverse industries, including public sectors, manufacturing, property, financial, healthcare, F&B and others.

TOP RANKED ROSEN LAW FIRM Encourages Discover Financial Services Investors to Secure Counsel Before Important Deadline in Securities Class Action – DFS

New York, New York – Newsfile Corp. – October 17, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Discover Financial Services (NYSE: DFS) between February 21, 2019 and August 14, 2023, both dates inclusive (the “Class Period”) of the important October 31, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Discover Financial common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Discover Financial class action, go to https://rosenlegal.com/submit-form/?case_id=7773 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 31, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Discover Financial maintained deficient risk management and compliance procedures; (2) as a result of the foregoing deficiencies, Discover Financial had, among other things, failed to comply with applicable student loan servicing standards, misclassified certain credit card accounts, overcharged customers, and failed to stem its ballooning credit card delinquency rate; (3) the foregoing issues, when they became known, would subject Discover Financial to significant financial exposure, regulatory scrutiny, and reputational harm; and (4) as a result, Discover Financial’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Discover Financial class action, go to https://rosenlegal.com/submit-form/?case_id=7773 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

ROSEN, A LEADING LAW FIRM, Encourages PureCycle Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PCT, PCTTW, PCTTU

New York, New York – Newsfile Corp. – October 17, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of PureCycle Technologies, Inc. (NASDAQ: PCT) (NASDAQ: PCTTW) (NASDAQ: PCTTU) between August 8, 2023 and September 13, 2023, both dates inclusive (the “Class Period”), of the important November 28, 2023 lead plaintiff deadline.

SO WHAT: If you purchased PureCycle securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the PureCycle class action, go to https://rosenlegal.com/submit-form/?case_id=19422 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 28, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants failed to disclose material adverse facts about PureCycle’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) its first commercial scale recycling facility, the Ironton Facility, experienced a full plant power outage on August 7, 2023; (2) there was a risk of additional failures resulting from the August 7, 2023 power outage; and (3) as a result of the foregoing, defendants’ positive statements about PureCycle’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the PureCycle class action, go to https://rosenlegal.com/submit-form/?case_id=19422 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

Fate of Lao Nationals Hangs in Balance Amid Escalating Israel-Palestine Conflict, Officials Postpone Study Trip to Israel

A view of the rubble of a building in Gaza City after it was struck by Israel. (Picture/AP)

Additional reporting by Phontham Visapra

Officials in Laos have agreed to postpone travel to Israel for a group of some 38 university students bound for Israel amid the escalating violence in the country.

Meanwhile, Deputy Minister of Education and Sports Sourioudong Sundara confirmed the 119 Lao citizens who are currently in the Middle Eastern nation are safe.