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A Run for Children, from Vientiane to Luang Prabang

Team We Run and staff during a press conference on 18 October 2023. (Photo: Lao Youth Radio)

A group of dedicated runners will run from Vientiane Capital all the way to Luang Prabang, covering a distance of 385 kilometers from 23 to 27 October, to collect funds for charity.

CFD trading made clear: an Octa guide

In keeping up with its clarity principle , the international broker Octa makes clear one aspect of trading at a time. Gain comprehensive knowledge about CFD trading, simply and transparently.

KUALA LUMPUR, MALAYSIA – Media OutReach – 20 October 2023 – With countless abbreviations and numerous strange and unfamiliar terms, the world of finance can be confusing. One such commonly used word is ‘CFD’. The Octa experts explain what it is exactly and how the traders can profit from it below.

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Understanding CFDs
A contract for difference (CFD) is a derivative instrument that allows traders to speculate on the prices of various assets without actually owning them. CFDs are traded between traders and brokers, where the trader agrees to exchange the difference in the price of an asset from the time the contract is opened to when it is closed. In CFD trading, traders can profit from both rising and falling markets using long and short positions.

There are several types of assets you can trade with almost any CFD broker. Those include currencies, commodities (such as gold, silver, crude oil, natural gas, and others), indices, stocks, and cryptocurrencies. They are mostly represented in pairs, e.g. EURUSD, XAUUSD, BTCUSD. Indices and stocks have ticker symbols, such as NAS100 (Nasdaq 100), AMZN (Amazon), and TSLA (Tesla).

Pros and cons of CFD trading
Like any form of trading, CFD trading has its own set of advantages and disadvantages.

Advantages of CFD trading

  • Leverage. CFDs offer high leverage, meaning traders can control a larger position with a relatively small capital. A deposit of $100 with a leverage of 1:500 will allow opening market orders worth $50,000. In this way, traders amplify their potential profits (but also their potential losses).
  • Wide range of asset types. CFD brokers typically provide a wide range of financial instruments across different asset classes. Traders can diversify their portfolios with currencies, commodities, indices, stocks, and cryptocurrencies.
  • Short selling. CFDs allow traders to profit from falling markets by short selling. The commissions and margin requirements for short positions are lower than in stock trading, while the leverage is generally higher.
  • No ownership. Since CFD traders don’t actually own the underlying assets in the contract, they don’t have to deal with issues like their physical delivery, storage, or any kind of legal paperwork and bureaucracy.
  • Accessibility. CFD trading platforms are easily accessible and often offer various trading tools, educational opportunities, and advanced analytics. The minimum recommended deposit is $100, which is lower than most conservative investments.
  • Hedging. Traders can use CFD trading to offset some of their losses in other portfolios.

Disadvantages of CFD trading

  • High risk. CFD trading involves high leverage levels, which can lead to substantial losses if the market moves against the trader. Risk management techniques help reduce the risk levels involved in trading dramatically, and yet they cannot eliminate them completely.
  • Complexity. CFD trading requires at least a general understanding of global financial markets and how certain factors influence asset prices. To open their first order, a trader will need a sound knowledge of price charts, trading platform functionality, and risk-limiting tools (including Stop Loss and Take Profit orders). However, this information is readily available with most CFD brokers.
  • Stress. Such feelings as fear, greed, and various biases can significantly influence your trading decisions, pushing you to open an order or to close it at a random moment dictated only by your emotions. It is, therefore, crucial for traders to maintain strict trading discipline and open new orders only after a considerable analysis has been performed.

The role of CFD brokers
Simply put, a CFD broker, such as Octa, is a service that provides intermediary services between an individual trader and the global markets. Retail traders cannot execute orders there on their own when it comes to financial markets with trillions of U.S. dollars in daily turnover. CFD brokers give access and all the necessary tools for market participation, including trading instruments, platforms, indicators, analytics, educational materials, and much more.

CFD trading costs
The three most common fees in CFD trading are spreads, swaps, and per-trade commissions.

The spread is the difference between a CFD’s buy (bid) and sell (ask) price. It is the main fee the broker profits from and one of the most significant costs in CFD trading. The tighter the spread, the lower the cost of trading. Brokers often offer floating spreads that can change depending on market conditions.

Swaps or overnight funding fees are charged for holding a position overnight. They depend on the interest rate differential between the currencies in a pair, called the swap rate. Swaps depend on the direction of the order (short or long) and are usually charged at midnight. On Wednesday night, traders have to pay weekend swaps, which are triple the usual size because it is accrued over two additional days—Saturday and Sunday.

Commissions are charged on each trade. This fee is separate from the spread and is typically a fixed amount per lot or trade. The commission cost varies among brokers and may depend on the type of CFD being traded.

To enhance trading opportunities and make trading more accessible for its clients, Octa decided not to charge any fees except for spreads.

It’s essential to carefully read and understand the terms and conditions provided by your chosen CFD broker. Before the one starts trading, it’s crucial to consider the total cost of trading, including spreads, commissions, swaps, and any other fees. Additionally, the one should be aware of how leverage can magnify both potential profits and losses, which can significantly impact overall trading costs. It is crucial to evaluate these costs to manage risk and maximise potential returns in CFD trading.

Hashtag: #Octa

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

About 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 60 awards since its foundation, including the ‘Best Online Broker Global 2022’ award from World Business Outlook and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.

TLUX Singapore To Expand Their Unique Decorative Light Bulb Range

SINGAPORE – Media OutReach – 20 October 2023 – TLUX, a leading lighting provider in Singapore, has announced the expansion of their unique decorative light bulb range with the RN decorative filament LED bulb. These bulbs, which use new LED technology, allow customers to enjoy the classic beauty of traditional tungsten Edison bulbs while reducing their energy consumption.

While LED filament vintage bulbs are the standard energy-efficient alternative to incandescent light bulbs, they cannot mimic the fine filaments of traditional tungsten bulbs. As such, TLUX aims to introduce RN bulbs, which use LED chips and a laser-sculpted acrylic structure that looks similar to tungsten filament bulbs. These bulbs redefine the conventional Edison carbon filament and enable soft illumination that is friendly to the eyes. By using LED, these bulbs have a longer lifespan, consume less energy, and generate less heat than traditional tungsten bulbs. Moreover, the RN bulbs are made of high-end glass that is glossier yet more resistant to dust stains and impact than the conventional bulb.

Currently, TLUX offers a wide range of lighting solutions, including hanging pendant lights and LED track lights in Singapore. They also provide lighting packages for homes catering to HDB, condo, and landed properties. In addition to their comprehensive selection of products, TLUX harnesses advanced LED technology and produces bulbs that have a long lifespan and can save up to 90% of energy. Therefore, customers can illuminate their space, whether commercial or residential, without significantly adding to the electricity bill. By expanding their decorative light bulb range, TLUX hopes all customers can fulfil their lighting needs without compromising aesthetics.

TLUX is a reliable and innovative lighting provider in Singapore, offering energy-efficient lighting solutions for residential and commercial customers. They are always seeking to provide quality LED bulbs and fixtures at competitive prices.

For more information on TLUX and their products, do visit them at https://tlux.sg/.

Hashtag: #TLUX

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

DISREGARD RELEASE: DFI Inc.

We are advised by DFI Inc. that journalists and other readers should disregard the news release, DFI Facilitates DHBW Engineering to Achieve Third Place at Formula Student Germany with a Focus on Autonomous Driving, issued on 12-10-2023 over Media OutReach Newswire.

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

Cushman & Wakefield released its Hotels – Checking out boutique neighbourhood hotels in mainland China report

HONG KONG SAR – Media OutReach – 19 October 2023 – Cushman & Wakefield, a leading global real estate services firm, today released its Hotels – Checking out boutique neighbourhood hotels in mainland China report.

The general hotel market

Mainland China domestic tourism

According to the latest data released by the National Bureau of Statistics (China) and the China Tourism Academy, as of the first half of this year, the total number of domestic tourists reached 2.384 billion. This was an increase of 929 million when compared to the same period last year and represents an annual growth of nearly 64%. Amongst this group of people, approximately 1.859 billion visits were undertaken by urban residents, and approximately 525 million visits were undertaken by rural residents, showing year-on-year (y-o-y) increases of 70% and 44%, respectively.

Mainland China all-star hotels performance

Looking at hotel market business performance, in the second quarter of 2023, the average room rate for mainland China’s all-star hotels already surpassed the market business performance seen during the pre-pandemic period, reaching RMB 373.79 per night. At the same time, the revenue per available room increased from RMB 122.14 per night in 2022 to RMB 195.90, surpassing the level seen in 2019. Finally, the average occupancy rate also recorded an upward-trending number by registering an increase from 38.35% in 2022 to 52.41% in the second quarter of this year.

Figure 1: Mainland China domestic tourism (2013-H1 2023)

Source: The National Bureau of Statistics (China), China Tourism Academy (Data Centre of the Ministry of Culture and Tourism), Cushman & Wakefield Research

Figure 2: Mainland China all-star hotels business indicator comparison (2019-Q2 2023)

Source: Ministry of Culture and Tourism of the People’s Republic of China, Cushman & Wakefield Research

With the market recovery, all hotels stand to benefit, including boutique neighbourhood hotels. But before we go on, what exactly is a boutique neighbourhood hotel?

What is a boutique neighbourhood hotel?

Collectively, boutique neighbourhood hotels are unique, intimate, small-inventory-carrying and design, history and/or culture-inspired community-focused hotels. Level positioning is often a lesser consideration for boutique neighbourhood hotels as they concentrate on authenticity and the personalisation of the stay experience and service. Additionally, these hotels further focus on the appeal of beautiful experiences and related factors, including but not limited to the surrounding local nature and environment, the local food, the local history, the local culture and the local art.

Figure 3: Boutique neighbourhood hotels: Example characteristics

Source: Cushman & Wakefield Research

Community engagement

For a boutique neighbourhood hotel to remain true to its name, it is essential to form a strong relationship with the local community. The benefits of local community engagement are many, including more robust business sustainability for the hotel and community, heightened corporate social responsibility, augmented environmental sustainability and cost reduction. For example, sourcing locally reduces fuel consumption and air pollution. Ways of engaging are many as well and a few examples of how to connect are:

* Employing locally;

* Utilising local products;

* Organising local tours;

* Showcasing local crafts;

* Highlighting local culture, and;

* Championing local entertainment.

Shaun Brodie, Head of Research Content, Greater China, Cushman & Wakefield, said, “One important feature of a boutique neighbourhood hotel is uniqueness. Often, this is achieved through style, practicality and attention to detail. The style needs to tell the story of the hotel and make it one of a kind.”

Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, Cushman & Wakefield, said, “Boutique neighbourhood hotels are a fairly new concept but given a greater emphasis on the overall stay experience by a cross-section of hotel guests in mainland China, this type of hotel is expected to be increasingly favoured for both leisure and business stay accommodation in the future.”

Francis Li, International Director, Vice President, Greater China, Head of Capital Markets, Greater China, Cushman & Wakefield, said, “Since the start of 2023, people’s willingness to travel for leisure in mainland China has grown stronger, while the business travel volume picked up rapidly. Both these factors have contributed to a rebound in performance in the general hotel market in mainland China. After the pandemic, people’s way of living has changed a lot, and along with this transformation, the hotel and tourism industry will also usher in new changes and opportunities.”

Hashtag: #Cushman&Wakefield

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

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2022, the firm reported global revenue of US$10.1 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit .

OPPO Find N3 and Find N3 Flip Smartphones Launch Globally Unlocking a New Level of Foldable Excellence

  • OPPO Find N3 and Find N3 Flip launched in global markets
  • Both phones introduce breakthrough technologies in their category

SINGAPORE – Media OutReach – 19 October 2023 – OPPO, the world’s leading smart device brand, today announced the global availability of its Find N3 and Find N3 Flip foldable smartphones. Each delivers breakthrough experiences across imaging, design, and usability, empowering customers to expect more from their next foldable.

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“Our goal at OPPO is to create the best, and that’s what we’ve done with Find N3 and Find N3 Flip. A big-screened foldable should always be a pleasure to use, so Find N3 has two clear, bright, comfortable, rich-looking displays; neither screen is a compromise. We also believe that premium smartphones should have incredible cameras; yes, even flip phones. So, both Find N3 and Find N3 Flip can capture life’s precious moments without missing the fine details. Underpinned by flagship performance and features that matter most to our customers, Find N3 and Find N3 Flip are ready to empower creativity, productivity, and self-expression, unlocking a new level of foldable excellence.”

Pete Lau, SVP and Chief Product Officer, OPPO

Find N3 combines a thin and light design with an elevated aesthetic. Its two flagship screens are the sharpest and brightest of any foldable and a comfortable size, and it’s the first foldable to feature a pro-grade imaging system. Its advanced cameras, new stacked pixel technology, and Hasselblad tuning and modes combine with ColorOS 13.2’s next-generation capabilities for PC-level productivity in your palm. Add uncompromising performance, battery life, and charging speeds, and Find N3 delivers a best-in-class two-in-one experience in a striking-looking, slimline package.

Find N3 Flip also brings a series of firsts to its category: the first flagship triple-camera flip phone and the first to feature a telephoto lens. More than a fantastic camera, the upgraded vertical cover screen introduces third-party app support to the series, and a refined ColorOS 13.2 combines with premium styling and flagship performance to lay the foundation for an awesome smartphone and a new standard of flip phone.

OPPO Find N3

The Clearest and Brightest Foldable Screens

For a brilliant view whether open or closed, Find N3’s two large, comfortable-to-use screens are the clearest and brightest of any foldable. Building on Find N and Find N2’s Golden Ratio displays, Find N3’s screens are taller, creating a 6.3″ outer screen, and a 7.8″ unfolded screen. When closed, Find N3 is a traditional smartphone, and when open, it becomes an immersive tablet.

Find N3's two flagship displays
Find N3’s two flagship displays

Both of Find N3’s screens display over 425 pixels per inch for flagship clarity, and 1440Hz PWM dimming ensures they are comfortable to use, even for long periods. LTPO technology makes a smooth 120Hz dynamic refresh rate possible for fluid scrolling and gameplay, and with up to 2,800 nits peak brightness, even in direct sunlight, Find N3’s screens are easy to see. By adding a self-healing layer to smooth out scuffs, Find N3’s unfolded screen is almost crease-free for an uninterrupted view.

Three powerful speakers make left and right-channel stereo sound possible, whether Find N3 is held horizontally or vertically. It’s also 30% louder than its main competitor, with 100% superior bass reproduction for a richer sound, while Spatial Audio from its powerful speakers or headphones ensures Find N3 is the ultimate smartphone for immersive experiences.

Built to Last and Styled to Perfection

OPPO's Third-generation Flexion Hinge for Find N3
OPPO’s Third-generation Flexion Hinge for Find N3

OPPO’s third-generation Flexion Hinge lies at the core of Find N3’s thin, light body. Despite being smaller than the previous generation hinge, it’s more durable. In addition to IPX4 splash resistance, Find N3 is the first phone to be Independently tested to withstand 1 million folds by TÜV Rheinland.

Complementing this world-class durability, Find N3’s premium design is elegant and thin at 5.8mm when open and 11.7mm when closed. Weighing just 239g in vegan leather, it’s also lighter than some traditional bar flagships, and with its easy-to-grip flat sides and curved corners, feels perfectly natural to hold and use.

Find N3’s confident, axisymmetric design looks magnificently balanced, with its camera echoing Find X6’s iconic Cosmos Ring design, and it’s available in two colours: Champagne Gold (glass back), and Classic Black (vegan leather back).

Three Pro-grade Cameras for Iconic Photography

OPPO changes the face of foldable photography with Find N3’s three pro-grade cameras, covering three popular full-frame equivalent focal lengths: 14mm, 24mm, and 70mm.

Debuting Sony’s 48MP1 LYTIA-T808 sensor on foldables, this two-layer stacked CMOS image sensor creates more space to receive light, resulting in reduced noise, superior dynamic range, and richly detailed photos and videos.

Find N3’s 48MP ultra-wide camera is powerful and versatile. Its sensor is over 100% larger than the ultra-wide sensors in other flagship foldables, and with autofocus, captures dynamic macro shots as well as expansive landscapes and group shots.

When you need to zoom, Find N3’s ultra-thin periscope telephoto camera combines a 64MP resolution with a fast f/2.6 aperture for shots loaded with detail whether taken in the day or night.

Portrait photography is at the heart of Find N3 and Find N3 Flip, with both phones enhanced with Hasselblad Portrait Mode. OPPO Computational Photography engine also underpins both phones’ class-leading quality, balancing excellent dynamic range with natural-looking results.

PC-level Productivity in Your Pocket

Running Android 13 with ColorOS 13.2, Find N3 will receive four years of software updates and five years of security updates. This is all part of OPPO’s commitment to delivering a long-lasting, quality experience, both in terms of hardware and software.

OPPO has also reimagined the big-screen foldable experience for Find N3.

The Global TaskBar with App Library and File Pocket ensures recent files and apps are always within easy reach, and for PC-level productivity in your palm, OPPO pioneered Boundless View. This empowers users to flow effortlessly across two full-screen apps on Find N3’s 7.8″ screen.

With Boundless View for three apps, it’s easy to work across three tall apps, with two appearing on-screen alongside one another, and a third off-screen. Simply tap the off-screen app to bring it into view.

15″ Boundless View displays all three apps with a 7.8″ tablet view for maximum focus on one app at a time, while still multitasking naturally between all three. Easily access an interactive overview of your active apps with a four-finger pinch, for a 15″ view in your palm.

Peace of Mind and Incredible Performance

OPPO puts privacy at the core of the Find N3 experience, with Sound-Sealed Call preventing anyone nearby from hearing phone calls, and a dedicated security chip protecting files at a hardware level. Find N3 user data can only be accessed by its user.

Powered by the Qualcomm Snapdragon 8 Gen 2 Mobile Platform, it delivers 35% improved performance and a 40% boost in overall efficiency versus last-generation chipsets, and with 512GB UFS 4.0 storage and 16GB LPDDR5X RAM, expect true flagship gaming and multitasking. Find N3 can also keep over 40 apps running in the background thanks to OPPO’s Dynamic Computing Engine.

A large 4800mAh battery ensures reliable day-long power, and with class-leading 67W SUPERVOOCTM fast charging, Find N3 won’t keep you waiting when you need to top-up and go. A 30-minute charge delivers 80% power, and it charges to 100% in just 42 minutes.


OPPO Find N3 Flip

Do More on Find N3 Flip’s Powerful Cover Screen

Navigating Find N3 Flip’s cover screen mirrors navigating a familiar smartphone for a seamless, complementary experience. Refined and upgraded, the cover screen now features time-saving new wallpapers that showcase real-time information at a glance while displaying handy quick shortcuts.

Find N3 Flip’s cover screen supports third-party apps, so Google tools like Gmail, Wallet, and Maps, as well as favourites like Reddit, Telegram, TikTok, X (formerly Twitter), WeChat, WhatsApp, and more, can all be used whether Find N3 Flip is open or closed.

OPPO’s cheeky, playful Interactive pets have evolved from 2D on Find N2 Flip, to 3D for Find N3 Flip. There are also more pets to pick from, including a Panda, Koala, Tiger, Dog, Bird, Rabbit, and Cat; a perfect way to brighten up your cover screen.

Find N3 Flip’s vertical cover screen also displays more notifications and quick settings than other flip phones with wider displays, so you can see more with just a glance. It’s also the same orientation as Find N3 Flip’s camera sensor, so captures photos with virtually no crop, for the highest quality selfies possible.

The First Flip Phone Telephoto Camera for Incredible Portraits

Find N3 Flip is the first flip phone with a flagship triple camera and the first with a telephoto camera. This class-leading imaging system features a 50MP wide, 48MP ultra-wide, and 32MP 2x zoom equivalent telephoto camera.

Find N3’s wide camera’s large sensor, high-resolution, and fast f/1.8 aperture lens matched with OIS captures detail-rich shots with low noise, even in dark and challenging environments.

The ultra-wide camera captures with an expansive 115º field of view and an f/2.2 aperture, and with autofocus, can take striking macro photos, focusing as near as 4cm.

The only flip phone with a telephoto camera, Find N3 Flip captures subjects with an optical 2x reach for a portrait-perfect focal length. Combined with Hasselblad Portrait mode, Find N3 Flip’s 2x camera perfectly documents subjects with a flattering, natural look.

Part-fold Find N3 Flip, and your camera will activate in FlexForm Mode. This is ideal for tripod-steady capture on a surface. Preview selfies on the cover screen, using the best camera available to guarantee quality results, and rest Find N3 on a surface for steadied selfies and group shots.

Find N3 Flip Looks Stylish and Feels Fantastic

Feeling almost like a precious stone, Find N3 Flip looks elegant and sits comfortably in hand with the most curved glass of any phone, and its triple camera system is elevated by the Cosmos Ring, adding an extra touch of elegance.

Available in three distinct, tasteful colours, Sleek Black, Cream Gold, and Misty Pink, there’s a Find N3 Flip to match your personal style. And when the 6.8in, 120Hz, AMOLED screen unfolds, it looks bright, vibrant, and deep.

A Secure Fold that can Handle a Splash

OPPO’s upgraded Flexion Hinge for Flip makes Find N3 Flip’s shallow screen crease and zero-gap hinge possible, and with an IPX4 rating, you won’t need to worry about life’s splashes.

Whether capturing content or watching a video, Find N3 Flip holds its position in FlexForm mode between 45-120 degrees, and with TÜV Rheinland Reliable Folding Certification, it’s independently tested to an incredible 600,000 folds.

Powered by the flagship MediaTek Dimensity 9200 and featuring the largest, thickest graphite layer of any flip phone, Find N3 Flip is fast, reliable, and keeps its cool. Its large 4300mAh battery also ensures it lasts a comfortable day, as OPPO’s class-leading 44W SUPERVOOCTM fast charging means you won’t be waiting around for a top-up or full charge.


Price and availability

OPPO Find N3 Flip is priced at S$1499(12GB+256GB).
OPPO Find N3 is priced at S$2399(16GB+512GB).
Pre-orders of OPPO Find N3 Series start from October 20, 2023.

Hashtag: #oppo #findn3 #foldablesmartphones

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

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone Smiley Face in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO provides its users with the ColorOS and internet services. OPPO has footprints in more than 50 countries and regions with more than 40,000 employees dedicated to creating a better life for customers around the world.

Thai Construction Magnate Convicted of Poaching Protected Animals Gets Early Release From Prison

Thai business tycoon, chairman of Italian-Thai Development Plc, one of Thailand's top construction firms, Premchai Karnasuta arrives at wildlife police headquarters in Bangkok, Thailand on 14 March 2018. (Photo: AP)

BANGKOK (AP) — A Thai construction magnate whose conviction on wildlife poaching charges became a rare example of the rich and influential facing justice in the country was freed Tuesday on parole, two months before his prison term ends, authorities said.

Morpheus is among the World’s Most Beautiful Hotels according to Prix Versailles – the World Architecture and Design Award at UNESCO

The ultra-luxury property at City of Dreams becomes Macau’s one and only hotel to be honored by the prestigious award

MACAU – Media OutReach – 19 October 2023 – Morpheus is among the World’s Most Beautiful Hotels according to Prix Versailles – the World Architecture and Design Award at UNESCO. Located at City of Dreams, Melco Resorts & Entertainment’s flagship integrated resort, Morpheus is the world’s first free-form exoskeleton high-rise designed by the late Dame Zaha Hadid. The property has become Macau’s one and only hotel to be honored with the prestigious accolade.

Morpheus.jpg

Presented each year at UNESCO since 2015 and focused on Architecture and intelligent sustainability, the Prix Versailles is a series of architectural competitions that shine a light on the finest contemporary projects around the world. The Official List – which pays tribute to innovation, creativity, reflections of local heritage, ecological efficiency and the values of social interaction and participation which the United Nations holds in high regard – is in line with the awarding principles of intelligent sustainability, taking projects’ ecological, social and cultural impacts into consideration.

Mr. Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment, said, “We are humbled and honored by Morpheus being listed among the World’s Most Beautiful Hotels by the esteemed Prix Versailles at UNESCO. For the property to be recognized for its architectural and design excellence, cultural significance, and contributions to intelligent sustainability is a testament to our efforts towards these goals. The accolade enhances Melco’s positioning as a global premium brand that goes beyond gaming to raise the bar in luxury hospitality. We are grateful to our colleagues and our collaborators, including the late Dame Zaha Hadid and her gifted team who contribute to the property’s continued success and accomplishments.”

Amongst other distinguished honors, in 2018, just two months after its opening, Morpheus was hailed as one of the World’s Greatest Places by TIME Magazine, and in 2019, it became the first property in Macau to win a Prix Versailles regional award in Hotels, Central and Northeast Asia.

Hashtag: #melco #cityofdreams #morpheus #prixversailles


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

About Melco Resorts & Entertainment Limited

The Company, 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 (), 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 (), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (), 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 (), 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 (). 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 .

The Company 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.