SINGAPORE – Media OutReach Newswire – 14 March 2024 – Vingroup has earned the prestigious AIBP 2023 ASEAN Tech for ESG Award, solidifying its position as a leader in sustainable development across Southeast Asia. This recognition underscores Vingroup’s commitment to integrating ESG principles into its core business strategies, driving positive change throughout the region.
Dr. Morgan Carroll (right) representing Vingroup receives the ASEAN Tech for ESG Award 2023 at the award ceremony in Singapore.
Held annually by AIBP, the ASEAN Tech for ESG Awards recognize organizations across Southeast Asia that leverage digital tools and innovative technologies to advance impactful projects focused on sustainable initiatives. Widely considered prestigious within the region, these awards celebrate entities that achieve demonstrably positive results in their ESG efforts.
Vingroup prevailed over a strong field of finalists across Southeast Asia, including Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, in winning the AIBP 2023 ASEAN Tech for ESG Award. The jury was impressed by Vingroup’s “Creating a Green Future” project, which aligned with their comprehensive evaluation criteria encompassing environment, society, and governance aspects. Vingroup’s performance exceeded its competitors in these areas, affirming the position of Vietnam’s largest private conglomerate in shaping a greener, smarter, and more sustainable future for all.
As a regional multi-industry conglomerate, Vingroup is driving a greener future through digital initiatives focused on ESG principles. Leveraging cutting-edge technologies like AI, IoT, robotics, immersive tech, and blockchain, Vingroup addresses sustainability challenges across its diverse portfolio covering the technology industry, trade & services, and social enterprise.
One notable green and digital initiative includes the complete shift from internal combustion vehicles to smart electric vehicle (EV) manufacturing through Vingroup’s subsidiary, VinFast. This strategic move not only reduces annual carbon emissions but also fosters a comprehensive sustainable mobility ecosystem. VinFast’s efforts also extend beyond environmental benefits, creating thousands of new jobs and bolstering the local economies in the markets it operates in.
Another significant initiative is the implementation of smart city solutions that leverage IoT sensors and data analytics. This integrated approach optimizes energy consumption, reduces waste, and enhances transportation efficiency, creating a more sustainable urban environment. Beyond infrastructure, Vingroup embraces immersive technologies to enhance healthcare education and services.
Mr. Irza Suprapto, CFA, Executive Director, AIBP; CEO, Industry Platform, stated:“The ASEAN Tech for Environment, Social, Governance (ESG) Awards, hosted by AIBP, spotlight organizations that are making significant strides in integrating ESG principles into their operations through digital innovation. This initiative celebrates the pioneering efforts of companies like Vingroup, which are making real-world impacts, setting benchmarks for sustainability and social responsibility across the region. By recognizing these achievements, AIBP underscores its commitment to promoting technological solutions that foster a positive impact for all, aligning with our mission to harness technology’s power for the greater good.”
Dr. Morgan Carroll, Director of ESG at Vingroup and VinFast, shared: “This prestigious award serves as a powerful validation of our unwavering commitment to ESG principles and our firm belief in the transformative potential technology has in driving sustainable development. Across Vingroup’s expansive and multifaceted portfolio, we proudly champion ESG principles in every facet of life. Our mission is not just technological advancement, it’s about building a better future for all, and this award fuels our dedication to this.”
Vingroup remains committed to pioneering new and innovative solutions that integrate ESG principles across its operations. This award serves as a springboard for further advancements in sustainable development, not only within Vietnam but throughout Southeast Asia and globally.
The issuer is solely responsible for the content of this announcement.
About Vingroup
Established in 1993, Vingroup is one of the leading private conglomerates in the region and currently focuses on three main areas: Technology and Industry, Services and Social Enterprise. Find out more at: https://www.vingroup.net/en.
About AIBP
AIBP serves as an avenue for public and private organizations in Southeast Asia to access and exchange information about growth and innovation within the B2B space. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities that create value-adding information for our stakeholders to make transformative impacts within their organizations.
MACAU SAR – Media OutReach Newswire – 14 March 2024 – Melco Resorts & Entertainment has been honored by MICHELIN Guide Hong Kong & Macau 2024 with a collective total of eight MICHELIN stars across five restaurants located in its properties including City of Dreams, Studio City and Altira Macau. The result establishes Melco as Macau’s leader with the highest number of MICHELIN-stars achieved across its properties. City of Dreams’ Cantonese fine dining restaurant Jade Dragon maintains its top-tier Three MICHELIN-Star status for the sixth consecutive year. Alain Ducasse at Morpheus, paying homage to the great traditions and savoir-faire of French cuisine, continues to be honored with Two MICHELIN-stars for the sixth consecutive year, while Cantonese restaurants Pearl Dragon at Studio City and Ying at Altira Macau, and Japanese restaurant Sushi Kinetsu at City of Dreams each garner One MICHELIN-star.
Mr. Lawrence Ho, Melco Chairman and Chief Executive Officer, said, “It is an honor to receive such a distinction from MICHELIN Guide Hong Kong & Macau. In our aim to go on pushing boundaries through providing guests with the most innovative and memorable experiences in hospitality and entertainment, we will continue to contribute towards Macau’s status as a UNESCO-designated Creative City of Gastronomy through our world-class culinary offerings. We thank our culinary and F&B teams for their dedication to excellence as we congratulate them on this great achievement. We look forward to enhancing our offerings and attractions as we welcome guests from around the world to savor the best that Macau has to offer.”
At the MICHELIN Guide Ceremony whichtook place today in Macau, Melco properties’ restaurants received the following honors:
Jade Dragon – 3 MICHELIN-Stars
Three MICHELIN-starred Cantonese restaurant Jade Dragon showcases exquisite culinary masterpieces created with the freshest seasonal ingredients and delectable delicacies. With spectacular designer décor and superlative personalized service, Jade Dragon sets the benchmark for fine dining in Macau. Honors and awards include:
MICHELIN Guide Hong Kong Macau 2019 – 2024 (Three Stars)
Forbes Travel Guide Five-Star Awards 2014 – 2024
Black Pearl Restaurant Guide 2018, 2020 – 2024 (Three Diamonds)
Black Pearl Restaurant Guide 2019 (Two Diamonds)
Trip.com Gourmet Global Elite Restaurant List 2021 – 2023 (Black Diamond)
SCMP 100 Top Tables 2014 – 2024
Wine Spectator Best of Award of Excellence 2014 – 2023
Alain Ducasse at Morpheus – 2 MICHELIN-stars
Awarded Two MICHELIN-stars, Alain Ducasse at Morpheus redefines French gastronomy with a contemporary vision and sentimental approach to cooking. The restaurant located at City of Dreams sources produce from the best regions which is harvested at its optimal time, highlighting a deep appreciation for nature and an intimate understanding of the seasons. Sourcing from small-scale farms and line-caught fish, the restaurant ensures unparalleled quality and a distinctive tasting experience. Honors and awards include:
MICHELIN Guide Hong Kong Macau 2019 – 2024 (Two Stars)
Forbes Travel Guide Five-Star Award 2020 – 2024
Black Pearl Restaurant Guide 2024 (One Diamond)
Trip.com Gourmet Global Elite Restaurant List 2022 – 2023 (Diamond)
SCMP 100 Top Tables 2020 – 2024
Wine Spectator Best of Award of Excellence 2019 – 2023
Pearl Dragon – 1 MICHELIN-star
Studio City’s MICHELIN-starred Cantonese restaurant Pearl Dragon offers a refined taste of China complemented by sophisticated décor. Dedicated to perfection, Pearl Dragon offers a menu showcasing refined provincial Chinese flavors, innovative culinary creations and the finest delicacies. Honors and awards include:
MICHELIN Guide Hong Kong Macau 2017 – 2024 (One Star)
Forbes Travel Guide Five-Star Award 2019 – 2024
Trip.com Gourmet Global Elite Restaurant List 2021 – 2023 (Platinum)
SCMP 100 Top Tables 2017 – 2024
Wine Spectator Best of Award of Excellence 2019 – 2023
Haute Grandeur Global Restaurant Awards 2022 (Best Chinese Cuisine in Asia – Excellence Award)
Ying – 1 MICHELIN-star
Awarded the coveted MICHELIN star, Ying is Altira Macau’s signature restaurant specializing in fine Cantonese cuisine as well as local delicacies created by an exceptionally talented culinary team. Ying is recognized as an outstanding establishment that offers guests a truly exceptional level of luxury and service. Honors and awards include:
MICHELIN Guide Hong Kong Macau 2017 – 2024 (One Star)
Forbes Travel Guide Five-Star Award 2020 – 2024
Trip.com Gourmet Global Elite Restaurant List 2022 (Gold)
SCMP 100 Top Tables 2023 – 2024
Wine Spectator Best of Award of Excellence 2015 – 2023
Sushi Kinetsu – 1 MICHELIN-star
Bestowed the coveted MICHELIN star, Sushi Kinetsu at City of Dreams offers authentic Edomae sushi across a beautiful, centuries old Hinoki wood sushi bar. The tranquil restaurant serves seasonal delicacies using only the finest ingredients, crafted by Japanese master chefs. Honors and awards include:
MICHELIN Guide Hong Kong Macau 2024 (One Star)
Black Pearl Restaurant Guide 2024 (One Diamond)
Trip.com Gourmet Global Elite Restaurant List 2023 (Platinum)
The issuer is solely responsible for the content of this announcement.
About Melco Resorts & Entertainment Limited
Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus (www.cityofdreamsmed.com.cy). The Company also continues to operate three satellite casinos in other cities in Cyprus (the “Cyprus Casinos”). For more information about the Company, please visit www.melco-resorts.com.
Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
Comprising Purple Brighteners, the toothpaste is designed to be a beauty hack that instantly colour-correct yellow tones
SINGAPORE – Media OutReach Newswire – 14 March 2024 – Colgate launches its first purple toothpaste, the Colgate Optic White Purple that instantly colour-corrects yellow tones* with the very first brush. Colgate Optic White Purple is an all-purple formula which contains Purple Brighteners in every tube and incorporates Colgate’s exclusive and cutting-edge Micropolishing Technology. The combination of Colgate’s advanced technology with clinically proven ingredients helps to remove surface stains, achieving a brighter smile.
Colgate Optic White Purple
Created to be the Ultimate Beauty Hack
Amidst the beauty trends dominating the modern era, the importance of a radiant smile often gets overlooked. Whitening teeth is often a long and expensive process that takes days, weeks or even months. Colgate Optic White Purple is designed to seamlessly integrate into everyday routines, offering a convenient, at-home solution for achieving instant dazzling results.
Laura Vogel, Senior Director Oral Care, Marketing Asia-Pacific, Colgate-Palmolive said, “While brushing your teeth may seem to be one of the most basic steps to having a good oral routine, sometimes people forget that the outward appearance of their teeth also matters. At Colgate, we want to empower everyone to take control of their oral health and unlock the confidence that comes with a brighter smile. With the launch of Colgate Optic White Purple, we are revolutionising oral care to oral beauty and provide an instant solution to colour-correcting yellow tones, no matter the occasion.”
The Science behind Colgate Optic White Purple
Inspired by the colour theory wheel, Colgate Optic White Purple leverages the power of complementary colours to enhance teeth whiteness.
Colgate Optic White Purple contains Purple Brighteners, revolutionary optical pigments that absorb ultraviolet light and reflect blue or violet light. This innovative technology instantly neutralises yellow undertones, providing greater confidence that allows individuals to shine everyday.
A tube of Colgate Optic White Purple contains safe and effective ingredients that promise to deliver. Infused with a meticulously crafted blend of ingredients, including Core Shell Silica and high clean silica, this formula ensures effective stain removal and gentle polishing for visibly brighter teeth that lasts**.
Colgate Optic White Purple is available at retailers in Thailand and Vietnam, and will be launched in the Philippines in April and Malaysia in May.
To learn more about Colgate Optic White Purple, visit here.
*For temporary efficacy **Result after one week of usage. With continued use. Hashtag: #Colgate
The issuer is solely responsible for the content of this announcement.
About Colgate-Palmolive Company
Colgate-Palmolive Company is a caring, innovative growth company reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, they sell their products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. We are recognized for our leadership and innovation in promoting sustainability and community well-being, including our achievements in decreasing plastic waste and promoting recyclability, saving water, conserving natural resources and improving children’s oral health through the Colgate Bright Smiles, Bright Futures program, which has reached more than 1.4 billion children since 1991. Our range of products are for everyone to find a way to get the smile they want.
For more information about Colgate’s global business and how we are building a future to smile about, visit www.colgatepalmolive.com.
RIYADH, SAUDI ARABIA – Media OutReach Newswire – 14 March 2024 – Sahm Capital Financial Company (formerly known as VCFC), a brokerage firm licensed by the Capital Market Authority (22251-25), has unveiled a major upgrade to its official website. The new version boasts improved user-friendly features, including instant account opening, diverse investment courses, real-time market updates, and 24/7 support service, greatly enhancing the investing experience for its users.
The newly upgraded website, https://www.sahmcapital.com, simplifies the account opening process, allowing users to sign up and start investing in just 3 minutes. This functionality is also available through the Sahm app, which currently offers exclusive rewards for new users, including a free 5 shares of Snap Inc. stock coupon (redeemable upon deposit), a 51% commission discount on the Saudi market for 1 year, and free real-time U.S. market quotes for 1 year. Additionally, users who successfully invite friends to open an account and deposit at least USD 1,500 or SAR 5,000 using their unique referral link will receive a $70 bonus for each successful referral.
The upgrade also offers users a rich selection of investing resources, including complimentary videos, comprehensive articles on options trading, and smart invest AI videos aimed at equipping them with the necessary analytical skills for a prosperous investment journey.
Alongside educational resources, the website delivers real-time financial news in both English and Arabic, ensuring investors remain well-informed about market trends and developments. The 24/7 support service further elevates the investing experience, providing personalized assistance whenever required.
The new website follows by the launch of its all-in-one trading app, ‘Sahm’, a platform tailored specifically for investors in Saudi Arabia. Sahm distinguishes itself as the first app in KSA to offer one-click quick switching between Saudi and U.S. stock accounts in real-time for both trading and currency conversion. Additionally, the app enables users to create Conditional Orders, a sophisticated and powerful trading tool previously only available on professional trading desks.
The issuer is solely responsible for the content of this announcement.
About Sahm Capital:
Registered in Riyadh, Sahm Capital (formerly known as VCFC) is a joint venture company of Valuable Capital Group Ltd and eWTP Arabia Capital. In October 2023, Sahm Capital received licenses from the Capital Market Authority (CMA) to conduct Dealing, Advising, and Custody services in KSA, making it the first international online brokerage firm to provide online brokerage services in KSA. The company is also a registered member of the Saudi Stock Exchange, Tadawul, as well as its affiliates, the Securities Depository Center Company (Edaa) and the Securities Clearing Center Company (Muqassa).
The experts at Octa provide an overview of the most fundamental trading styles suitable for both new and experienced traders.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 March 2024 – A trading system, also called a trading strategy, is a set of rules on how to manage trading orders and apply risk mitigation techniques in order to achieve positive financial outcomes. All strategies fall under one of four common trading styles: day trading, swing trading, scalping, and position trading.
You significantly increase your chances of achieving consistent gains by picking a trading style tailored to your temperament, starting capital, and financial goals. It will enable you to take a proactive approach to wealth management and become more analytical and less emotion-driven in your day-to-day trades, eventually leading to better results.
Another crucial step to successful trading would be choosing a trustworthy financial broker with extensive expertise and global reach such as Octa. An internationally recognised investment platform, Octa offers all users an unlimited demo account where you can hone your trading skills in real-life conditions without any risk to your capital.
Below are four trading styles that are used by millions of traders worldwide.
1. Day trading Day trading is a fast-paced form of trading in which a trader buys and sells a financial instrument within one trading day. If you want to engage in day trading, you should focus on high-liquidity assets and diligently apply risk management techniques and tools such as Stop loss orders.
Core elements:
Prioritising highly liquid instruments to ensure fast order execution
Using technical analysis (identifying promising trading patterns based on historical trends) to identify entry and exit points
Ensuring effective risk management by setting Stop Loss orders
2. Swing trading Swing trading is a strategy where an instrument is held for a day up to several months in an effort to profit from long-term price changes. This system is based on identifying broader trends and uses various approaches, including mathematical analysis, to define them. An important advantage of this strategy is that it does not require precise timing to make a profit since broader price oscillations allow for more leeway. On the other hand, the time to profitability goes up as well, so it is up to you to pick a time frame according to your goals.
Core elements:
Identifying trends and using technical analysis to establish entry and exit points
Setting profit targets and Stop Loss levels
Keeping a cool head when overnight price fluctuations occur
Adjusting your strategy depending on the changing market conditions.
3. Scalping Scalping is using various short-term strategies to profit from minor price movements. With this method, time frames vary between minutes and seconds. Scalpers execute orders very quickly and focus on low-spread instruments. In this highly dynamic trading environment, employing technical indicators for short-term analysis and maintaining strict discipline is critical.
Core elements:
Using short timeframes and quick order execution platforms
Prioritising low spreads and fees to minimise costs
Employing technical indicators like moving averages for short-term analysis
Maintaining strong self-discipline and risk management practices.
4. Position trading Position trading is a long-term strategy where traders hold positions for months or even years. This approach involves fundamental analysis and a variety of factors, including interest rates and geopolitical events.
Core elements:
Performing in-depth fundamental analysis for each asset
Considering factors like interest rates, geopolitical events, and economic cycles before applying the strategy
Monitoring fundamental factors and adjusting your positions accordingly.
In the long run, consistently successful trading is only possible with a strategy that suits you in terms of time frames, risk tolerance, and tradable instruments. Given that, no system, no matter how sophisticated and time-proven, guarantees success, and adapting as market conditions change.
Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
Octa has also won more than 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.
Hong Kong ranks first on merchandise trade depth and FDI flows depth
The city ranks fourth in terms of the scale of its international flows relative to domestic activity
Globalization reached a record high, despite pandemic and geopolitical conflict
Evidence points to robust intra-Asia trade flows and intercontinental trade demand between Asia and the West
HONG KONG SAR – Media OutReach Newswire – 14 March 2024 – DHL and New York University’s Stern School of Business today released the new DHL Global Connectedness Report 2024, the most comprehensive available analysis of globalization’s state and trajectory. This year’s DHL Global Connectedness Index ranks Hong Kong SAR, China 10th out of 181 economies, dropping four places since 2017.
Despite the drop, Hong Kong is listed fourthon the depth score among 181 economies with large international flows relative to domestic activity. Hong Kong also stands out most on merchandise trade depth (ranking 1st for both exports and imports) and FDI flows depth (ranking 1st for both inward and outward FDI flows). Its global connectedness reaffirms the city’s position as a gateway for flows between Mainland China and the rest of the world. It also signals the growing importance of the Greater Bay Area along with Macau’s advance in ranking.
At the launch of the DHL Global Connectedness Report, John Pearson, CEO DHL Express, said: “The most recent findings of the DHL Global Connectedness Report unequivocally dispel the notion of globalization reversing course. Far from being a mere buzzword, globalization is an influential force that has profoundly reshaped our world and has further great potential. Expanding markets and fostering opportunities empower individuals, businesses, and entire nations to flourish in unique ways. Embracing globalization allows us and our customers to forge a promising future, fostering an increasingly interconnected world, more prosperous for all – and poised for further growth.”
“Amid global challenges, Hong Kong remains resilient and continues to play a crucial role in facilitating trade between Asia and rest of the world, as evident from its high ranking on trade and capital pillars,” said Andy Chiang, Senior Vice President and Managing Director of DHL Express Hong Kong and Macau. “The recent expansion of our Central Asia Hub at the Hong Kong International Airport reaffirms our belief in the city’s important role as an international aviation hub to further trade flows. We will continue to leverage our global network and infrastructure to bolster interconnectivity and extend the market reach for our customers.”
The report also contains a ranking of economies that share Hong Kong’s international flow, with mainland China on top of the list with 61 percent. The rest of Hong Kong’s connections were spread throughout the world, although primarily with the large Asian economies. The United States (5%) and United Kingdom (2%) also feature prominently in Hong Kong’s connections.
Globalization remains despite world’s issues
The report reveals that globalization reached a record high in 2022 and remained close to that level in 2023 – despite a series of global shocks over the past decade, including the Covid-19 pandemic, wars in Ukraine and Gaza, the U.S. – China trade conflict, and the UK’s withdrawal from the EU. The evidence strongly rebuts the notion that the growth of global flows has gone into reverse.
Trade growth played a crucial role in boosting global connectedness. The share of global output traded internationally was back to a record high level in 2022. After a slowdown in 2023, trade growth is forecast to accelerate in 2024. The globalization of information flows has been especially strong over the past two decades, even though the latest data show a stall in their growth, partly due to less research collaboration between the U.S. and China. Corporate globalization is rising, with companies expanding their international presence and earning more sales abroad.
The report affirms the considerable potential to continue growing global flows. It pegs the world’s current level of globalization at only 25%, on a scale from 0% (meaning no flows cross national borders) to 100% (borders and distance have ceased to matter at all).
Intra-Asia trade flows remain strong while the West remain key trading partners of Asia
Evidence shows that markets in Asia Pacific are strongly connected with each other in the region. In fact, at least 70 percent of the countries in Asia Pacific have strong flows with their Asian counterparts. Looking at these countries’ top 10 connections, six or more are with an Asia Pacific market, citing robust intra-Asia trade. The Asian region is also closely connected with the West, with many of them having the United States or United Kingdom as their top 10 connections.
U.S. – China ties diminish, and Russia shows unprecedented decline in global connectedness, but no wider split of the world economy between rival blocs
The DHL Global Connectedness Report also shows that U.S.-China ties continue to diminish, with the shares of both countries’ flows involving each other decreasing by about one-quarter since 2016. However, both countries remain significantly connected, demonstrating larger flows than almost any other pair of countries. Russia and Europe have decoupled, resulting in Russia facing an unprecedented drop in connectedness, more than twice as much as any previous decline on record among the world’s 20 largest economies. At the same time, the data analysis demonstrates that there is no wider split of the world economy between rival geopolitical blocs.
Singapore ranks top as the most globalized countries, followed by the Netherlands and Ireland
Singapore achieves the number one spot. The Netherlands and Ireland rank the second and third. 143 economies became more globally connected, while only 38 saw their levels of connectedness decline. Further evidence shows that Europe is the world’s most globally connected region, followed by North America and the Middle East & North Africa.
Globalization has not given way to regionalization
Further, the report shows that predictions of a global shift from globalization to regionalization are not – at least yet – borne out in patterns of international flows. In fact, most international flows are taking place over stable or even longer distances, with a declining share happening inside major geographic regions. In the realm of trade, only North America shows a clear shift to more regionalized trade patterns.
The DHL Global Connectedness Report
Published regularly since 2011, the renowned DHL Global Connectedness Report (previously DHL Global Connectedness Index) provides reliable findings on globalization trends by analyzing 15 types of international trade, capital, information, and people flows. The 2024 edition is based on almost nine million data points. It ranks the connectedness of 181 countries, accounting for 99.7 percent of the world’s gross domestic product and 98.7 percent of its population. A collection of 181 one-page country profiles provides concise summaries of individual countries’ globalization patterns.
The report was commissioned by DHL and authored by Steven A. Altman and Caroline R. Bastian of New York University Stern School of Business.
The issuer is solely responsible for the content of this announcement.
DHL Express Hong Kong
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group positively contributes to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
New York University Stern School of Business, located in the heart of Greenwich Village and deeply connected to the City after which it is named, is one of the United States’ premier management education schools and research centers. NYU Stern offers a broad portfolio of transformational programs at graduate, undergraduate, and executive levels, all of them enriched by the dynamism and profound resources of one of the world’s business capitals. NYU Stern is a welcoming community that inspires its members to embrace and lead change in a rapidly transforming world. Visit www.stern.nyu.edu.
SHANGHAI, CHINA – Media OutReach Newswire – 14 March 2024 – The year 2023 marked a turning point for China as doors reopened, revealing a multitude of opportunities and pathways. Under the resumption of normalcy, the economy grew at a rate of 5.2% in 2023, according to the National Bureau of Statistics of China. As the economy recovers, sectors such as automotive, consumer electronics, and e-commerce have regained momentum. At the same time, China’s manufacturing industry is undergoing a remarkable transformation, shifting from its traditional “Made in China” reputation to embracing innovation with the concept of “Innovated in China”, gaining competitive advantage in the global market.
CHINAPLAS 2024, the region’s foremost platform to promote latest market trends, breakthrough technologies and innovative solutions of plastics and rubber industries, will be staged at the National Exhibition and Convention Center (NECC) in Hongqiao, Shanghai, PR China, from April 23-26, 2024. It provides an excellent platform for buyers who are pursuing innovative plastics and rubber solutions to enfold the accelerated industrial transformation, enhancing new advantages and new momentum for high quality industrial development.
Keep Abreast of the Industrial Transformation
The new generation of information technology, new energy, bio manufacturing, commercial aerospace, and low-altitude economy are rapidly developing in China. The export performance of China’s “new three”– solar panels, lithium-ion batteries, and electric vehicles is particularly impressive. China’s high-tech industries enjoy a growth and experience breakthrough in recent years. In 2023, the capacity of renewable energy facilities has exceeded 1.45 billion kilowatts and has surpassed coal power for the first time. Among these, wind power installation reached 440 million kilowatts, maintaining its position as the world leader for the 13th consecutive year, while photovoltaic power installation reached 610 million kilowatts, securing the top global ranking for the 8th consecutive year. The production and sales of new energy vehicles have ranked first in the world for the 8th consecutive year. China’s first homegrown passenger jet C919 and large cruise ship Adora Magic City have marked their commercial operations.
These developments signal a positive outlook for market demand for plastics and rubber in China, generating substantial needs for high-performance plastics materials and technology throughout the country. This shifting landscape has magnified the importance of embracing the circular economy, digitalization and the significance of “Innovated in China”.
As a flagship event of plastics and rubber industries, CHINAPLAS 2024 will make full use of all 15 exhibition halls, providing over 380,000 square meters of exhibition area and gathering more than 4,420 industrial leaders from all over the world. CHINAPLAS continues to drive the growth and development of the plastics and rubber industries with a full range of innovative materials and mechanical technologies that are both advanced and cost-effective.
Putting Spotlight on Circular Economy and Driving Sustainability
Circular economy has gained immense importance worldwide as a key strategy for addressing environmental challenges and fostering sustainable development. It is of great prominence in the plastics and rubber industries, which have traditionally been associated with significant waste generation and environmental impact, revolutionizing their approach to production and consumption with transformative solutions to drive sustainability by promoting resource efficiency, waste reduction, and recycling. It encourages the adoption of innovative technologies for plastic and rubber recycling to produce high quality recycled plastics, creating a closed-loop system that maximizes the value of materials, enhancing a more sustainable and circular future.
Promoting the concept of circular economy remains an internationally recognized imperative and a key pillar of China’s economic development strategy to achieve sustainable development of the industry. Prominent enterprises and companies in the world have committed to promote recycling and circular utilization of plastics. In recent years, the plastics and rubber industries have been making relentless efforts to facilitate the transition to a circular economy. Raw material and machinery suppliers have been continuously introducing new technologies for biodegradable materials, recycling, and sustainable solutions. In response to the various needs and interests of the industries, CHINAPLAS 2024 will gather innovative green solutions across 3 theme zones, including Recycled Plastics Zone, Bioplastics Zone and Recycling Technology Zone. Leading material suppliers and recycling equipment manufacturers including Veolia, Faurecia, ALBA, Esun, NatureWorks, Erema, Starlinger, NGR, Zerma, Sorema, Sesotec, Avian, Tomra, Jwell will showcase their solutions to support the industry’s sustainable development goals. Global stakeholders will be invited to discuss latest plastic recycling trends and share insights in circular economy in the 5th Edition Plastics Recycling and Circular Economy Conference and Showcase which will take place on April 22 in Shanghai.
Unleashing the Potential of Digitalization in the Digital Era
Digitalization plays a pivotal role in transforming the industries, unlocking new possibilities and driving innovation in the digital era. Introducing smart manufacturing brings numerous benefits, including enhanced operational efficiency, improved product quality, and streamlined supply chain management. From smart manufacturing and automation to data analytics and IoT integration, digitalization enables real-time monitoring, data-driven decision-making, and predictive maintenance. It also facilitates the adoption of advanced manufacturing techniques such as additive manufacturing and robotics. By harnessing the power of digitalization, the plastics and rubber industries can optimize processes, reduce waste, and respond swiftly to market demands, ultimately fostering sustainable growth and maintaining a competitive edge in an increasingly digitalized world.
CHINAPLAS 2024 will introduce a full spectrum of smart manufacturing solutions and machinery in Injection Molding Machinery Zone with over 57,000sqm. Renowned global companies like Arburg, Kraussmaffei, Demag, Wittmann, Engel, Motan, Kawata, Matsui, Fanuc, B&R, Sepro, Beckhoff, Staubil and leading local suppliers Haitian, Tederic, Borch, Yizumi, Bole, Shini, LK, Topstar, etc. will demonstrate how digitalization can enhance efficiency, productivity and transformation of the industries.
Showcasing Manufacturing Excellence: The Global Significance of “Made in China”
“Made in China” holds tremendous global significance in the plastics and rubber industries, symbolizing manufacturing excellence and the prowess of Chinese companies. Renowned for their cost-effectiveness and industrial capabilities, Chinese manufacturers have not only established themselves as key players but have also made significant strides in building world-class brands. The “Made in China” label now represents more than just affordability, it also signifies a commitment to innovation and the adoption of high-end technology. Companies in China are increasingly investing in R&D, pushing the boundaries of technological advancements across the plastics and rubber industries. By combining manufacturing expertise with cutting-edge technologies, industry professionals are driving industry growth, offering a diverse range of high-quality products, and solidifying China’s position as a global leader in these industries.
This year, in response to the national and provincial policies, the exhibition will gather more than 850 enterprises which is recognized as “Professionalization, Refinement, Specialization and Innovation (PRSI)”, of which over 250 have been awarded as a “Little Giant”. The goal is to facilitateniche companies’ innovations and promote the initiatives of the Government of the People’s Republic of China in strengthening the cultivation of niche companies towards “PRSI”.
Pre-register Now to Witness the Strong Comeback of CHINAPLAS to Shanghai
China’s foreign trade is experiencing a consistent growth in both scale and quality. Chinese enterprises are proactively expanding into overseas markets, with a focus on the ASEAN countries aligning with their “going-out” strategy and the Regional Comprehensive Economic Partnership (RCEP). In response, CHINAPLAS team has spread its legs across Vietnam, Indonesia, Malaysia, India, Japan, Turkey, Egypt, Mexico, Germany, Italy and Taiwan Region, to invite local associations, enterprises and potential buyers to visit CHINAPLAS. Exhibitors at CHINAPLAS shall undoubtedly expect to discover and seize more new business opportunities on the fairground.
China has granted visa-free entry to citizens from France, Germany, Italy, the Netherlands, Spain, Malaysia, Thailand, Switzerland, Ireland and Singapore has also introduced new measures to simplify visa processes, making the trip to CHINAPLAS easier and more convenient. CHINAPLAS 2024 is ready to accommodate more international visitors in Shanghai.
The online pre-registration to CHINAPLAS 2024 is open till April 17, 2024, 1700 (GMT +8). All visitors are required to pre-register and reserve the entry dates in advance for admission correspondingly. Click HERE to pre-register now for an admission ticket at RMB 50 or USD 7.5. Pre-registered visitors shall receive their Visitor eBadge (for local visitors) or eConfirmation Letter (for overseas visitors). Admission tickets are available on a first-come, first-served basis.
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About CHINAPLAS 2024
CHINAPLAS 2024 is organized by Adsale Exhibition Services Ltd., Beijing Yazhan Exhibition Services Ltd., Adsale Exhibition Services (Shanghai) Ltd., Adsale Exhibition Services (Shenzhen) Ltd. and co-organized by China National Light Industry Council – China Plastics Processing Industry Association, China Plastics Machinery Industry Association, Plastic Trade Association of Shanghai and Messe Düsseldorf China Ltd. The event is also supported by various plastics and rubber associations in China and abroad.
First introduced in 1983, CHINAPLAS has been approved by UFI (The Global Association of the Exhibition Industry) since 2006. CHINAPLAS is exclusively sponsored by the Europe’s Association for Plastics and Rubber Machinery Manufacturers (EUROMAP) in China for the 33rd time. CHINAPLAS is currently Asia’s leading plastics and rubber trade fair.
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