SINGAPORE – Media OutReach – 8 December 2022 – South Korean company, SSVT (Smart Ship Venture Technology), seeks to expand to Singapore with its new service offering, Oilpass.
Oilpass is a blockchain-based ship oil certificate of origin issuance system developed by SSVT. Oilpass makes the process surrounding the marine oil market, from sales to distribution, transparent every step of the way.
The lack of transparency in the distribution process compromises the industry with issues such as tax evasion and illegal transactions. This lack of clarity extends to shipping companies that get their oil from refineries. This can result in low-quality marine oil that jeopardises the vessel’s seaworthiness and opens shipping companies up for liabilities and penalties.
Powered by blockchain technology, Oilpass gives users a complete overview of the origin and records of maritime oil products. The refinery determines the origin of the product and oil quality information. The mode of transportation for the oil product is recorded, along with transaction details and how it makes its way to different vessels. This information is available for authorities and customs to verify, providing accountability for refineries and credibility for shipping companies and ports for their operations.
Singapore is targeting “net zero emissions by 2050” and has been vigilant in following the guidelines set by the International Maritime Organization (IMO). Achieving a compliance rate of 96% in Q1 of 2020 following the IMO 2020 guideline, the country is taking its ESG commitments seriously. During his budget speech on 18 February 2022, Singapore’s Finance Minister, Lawrence Wong, planned to increase Singapore’s carbon tax fivefold to $25 a ton in 2024. This rate will progressively increase to between $50 to $80 per ton of emissions by 2030.
“Singapore is one of the most important ports for maritime trade globally and a leader in ESG efforts and industry accountability. Introducing Oilpass as part of their workflow can be a big step to enhance ongoing efforts towards greater productivity while improving standards for environmental integrity for the maritime industry.” Says the CEO of SSVT, Park Jonghyun.
Oilpass is undergoing the final stages of development and review and will be ready for commercialisation in 2023.
Hashtag: #SSVT
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3 key themes that emerged across 1.5 days of keynote addresses and panel discussions were the pressing need for greater collaboration across the region and sectors; greater investment in research; and the perennial need for funding
Conference gathered over 60 prominent moderators and speakers, including ASEAN Ministers, policymakers, top public health officials, multi-disciplinary experts and industry leaders from healthcare and finance, and more than 500 participants internationally
It brought together multiple stakeholders to chart the way forward for digital public health as the region recovers from COVID-19
BANDAR SERI BEGAWAN, BRUNEI – Media OutReach – 8 December 2022 – ASEAN leaders are calling for greater collaboration across the region and sectors, including in areas such as digitalization, data sharing, research and learning. This clarion call comes as ASEAN nations work to digitally transform their healthcare systems and make them more integrated and resilient. The objective is to future-proof the healthcare systems to provide more optimized health outcomes, and better deal with future disease outbreaks and healthcare pressures from aging populations.
H.E. Dato Dr Mohd Amin Liew Abdullah (right), Minister at The Prime Minister’s Office and Minister of Finance and Economy II, Brunei, in the Fireside Chat moderated by Prof Annie Koh, Professor Emeritus of Finance (Practice), Singapore Management University, at the 2nd ASEAN Digital Public Health Conference.
Beyond collaboration, the need for greater investments in research, and how to maximize the return on healthcare investments given the perennial need for funding, were among the key themes that resonated across 1.5 days of keynote addresses and panel discussions at the 2nd ASEAN Digital Public Health Conference, which took place in Brunei Darussalam and online recently.
H.E. Dato Dr Hj Md Isham bin Jaafar (on stage, right), Minister of Health, Brunei, and six other ASEAN Health Ministers in the Health Ministerial Panel moderated by Professor David Koh (on stage, left) of the National University of Singapore Saw Swee Hock School of Public Health, at the 2nd ASEAN Digital Public Health Conference.
Hosted by the Ministry of Finance and Economy and the Ministry of Health in Brunei, the conference, themed “Health and Healthcare Beyond COVID-19: Building Forward Together”, was organized by EVYD Technology in partnership with the Brunei Investment Agency and the National University of Singapore Saw Swee Hock School of Public Health, and supported by Temasek Foundation.
Following the success of the inaugural conference last year, this year’s event was attended by over 500 participants and featured more than 60 prominent speakers from the health and finance sectors, including ASEAN Ministers, government authorities, multidisciplinary experts, and leaders from industry, inter-governmental and non-governmental organizations.
Among the highlights of the conference was a Fireside Chat with H.E. Dato Dr Mohd Amin Liew Abdullah, Minister at The Prime Minister’s Office and Minister of Finance and Economy II, Brunei, moderated by Prof Annie Koh, Professor Emeritus of Finance (Practice), Singapore Management University. Dato Amin shared Brunei’s long-term perspective toward healthcare spend on digital transformation and how the nation is optimizing investments through technological innovation.
This includes expanding its BruHealth COVID-19 pandemic management mobile app into a national and individual health management app. The app now enables every Brunei resident to keep track of his/her medical appointments, view personal health records including laboratory, X-ray and radiology results, and schedule video consultations with doctors, dietitians or for other clinical services. It also encourages them to improve their health with prompts to lead a more active lifestyle and informative tips, including on nutrition. EVYD Technology is partnering the Ministry of Health, Brunei on the development and on-going evolution of the app.
Following this was a keynote address delivered by H.E. Ong Ye Kung, Minister for Health, Singapore, on Healthier SG – Insights and Experience. He spoke about how the country successfully launched Healthier SG, a national initiative to make the Singapore healthcare system more sustainable by shifting its focus from curative to preventive treatment. Mr Ong said that digital technology is enabling individuals to take greater ownership of their health, and centralized IT systems are powering integrated and seamless healthcare.
Another keynote address was by Tan Sri Dr Subramaniam Sathasivam, Former Minister of Health, Malaysia and Co-Chair of the country’s Health White Paper Advisory Council. Tan Sri Subramaniam gave a preview of what Malaysia is trying to achieve with its upcoming Health White Paper – to remake the country’s healthcare system to be more sustainable and resilient, and attempt to ringfence healthcare reform from political changes for long-term stability and development.
Dr Ang Swee Hui, Deputy Permanent Secretary (Professional), Ministry of Health (MOH), Brunei, gave a keynote address on Brunei Darussalam’s Digital Healthcare Transformation. He covered Brunei’s holistic approach to healthcare leveraging technological innovation – including integrating the population’s medical health records and leveraging EVYD Technology’s EVYDENCE platform to integrate information from multiple systems, including BruHealth. This enables the provision of more individualized care to all residents, including advice on how to live and eat more healthily. The Ministry of Health, Brunei together with EVYD Technology, is continually developing and assessing the on-going evolution of the app.
Professor John CW Lim, Executive Director, Centre of Regulatory Excellence at Duke-NUS Medical School, Singapore, also delivered a keynote address on Challenges, Opportunities and the Way Forward for Digital Health Regulation in ASEAN. He highlighted that promoting greater regional collaboration to co-create, coordinate and clarify digital health regulation when the technologies, applications and guidelines are still at a nascent stage, will be a key enabler of digital health.
The conference also featured an ASEAN Health Ministerial panel on Building a Resilient ASEAN, featuring H.E. Dato Dr Hj Md Isham bin Jaafar, Minister of Health, Brunei; H.E. Dr Lo Veasnakiry, Vice-Minister of Health, Cambodia; H.E. Dr Prastuti Soewondo, Special Adviser to the Minister of Health, Indonesia; H.E. Bounfeng Phoummalaysith, Minister of Health, Laos; H.E. Dr Aye Tun, Deputy Minister of Health, Myanmar; H.E. Dr Lilibeth C. David, Under-Secretary of Health for Health Policy and Infrastructure Development, Philippines; and H.E. Sopon Mekthon, Vice Minister for Public Health, Thailand, and moderated by Professor David Koh of the Saw Swee Hock School of Public Health, National University of Singapore. The speakers shared key learnings surrounding the vital role of digital technologies in combating the COVID-19 pandemic and highlighted the need for regional and global cooperation and information-sharing to counter public health emergencies, as well as the need for early warning systems that offer surveillance of healthcare threats, such as infectious diseases.
“COVID-19 has resulted in a sea change in healthcare delivery, with digital technologies emerging as a powerful tool to tackle the twin challenges of effectively managing future outbreaks and optimizing health outcomes for aging populations. As healthcare is one of the most important yet complex sectors, effective strategies require alignment and collaboration of multiple stakeholders. Against this backdrop, the conference acts as a platform to bring these stakeholders together to facilitate greater regional collaboration and make a difference in the health of the peoples of South East Asia. We are indebted to all our moderators and speakers, who willingly gave of their time and vaunted expertise to contribute to driving these important regional healthcare discussions,” said Mr Chua Ming Jie, Chief Executive Officer of EVYD Technology.
“Over the last three years, many countries in ASEAN have strengthened their digital health architectures and used new electronic tools that go beyond just pandemic management to also providing cutting-edge ways of practising precision public health. I hope that our discussions at this conference will lead us to develop this smarter, more agile, more data-driven vision of public health in the ASEAN region that can serve as a starting point for renewed cooperation and concrete work on digital public health towards regional health resilience. As a region, we must continue to prioritize the right investments in our health systems, and take the appropriate tough decisions to ensure that we keep our people healthy and well,” shared H.E. Dato Dr Hj Md Isham bin Jaafar, Minister of Health, Brunei.
The first ASEAN Digital Public Health Conference was held on 6 and 7 October 2021 in Brunei and Singapore. Carrying the theme “Collaborate for a Happier and Healthier World Post Pandemic”, speakers from around the world including ministers and top government officials, leading medical professionals, industry leaders, researchers and scientists led and participated in panel discussions, and attracted over 500 professionals to join different sessions physically and virtually. The topics covered included how to manage COVID-19 and build a resilient economy post-pandemic, as well as how to drive public health forward through investment and collaboration.
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About the Ministry of Finance and Economy
Ministry of Finance and Economy (MOFE), Brunei Darussalam is a government agency responsible in ensuring financial and economic sustainability for the country. MOFE is also mandated in the allocation of annual expenditure of the implementation of government’s infrastructure project, whilst also formulating policies and guidelines to stimulate economic growth and development in the country. MOFE is guided by 4 core values, which are Faithful & Obedience; Excellence & Teamwork; Accountability and Integrity; and Innovation – as we strive towards realising our vision.
About the Ministry of Health The Ministry of Health is a government agency that aspires to improve the health and wellbeing of the people of Brunei Darussalam through a high quality and comprehensive health care system which is effective, efficient, responsive, affordable, equitable and accessible to all in the country. The Ministry of Health stands firm in its vision Together Towards A Healthy Nation and will continue to focus on strengthening the building blocks to a health system encompassing service delivery, provision of medicines, medical technology and infrastructure, healthcare financing, human resources; governance as well as information technology and research. The Ministry of Health is guided by 5 strategic directions, incorporating the key elements essential for a robust health system and consistently place people at the centre of our healthcare.
About EVYD Technology EVYD Technology is a healthcare artificial intelligence (AI) and Big Data company with the mission to transform healthcare using data intelligence. Its solutions enable value-based healthcare that is safer, better and more accessible for global communities. It offers solutions to policymakers to enhance public health monitoring, generate insights for policymaking and implement initiatives such as value-based healthcare and population health management. It also offers solutions to the research community to enhance the efficiency and quality of their research, from which insights generated could be leveraged to benefit the broader ecosystem. The company’s flagship EVYDENCE operating platform aggregates raw data that reside in disparate information systems and convert them into computable, structured and standardised data so that they could be further processed to derive deep insights and knowledge using natural language processing, machine learning and other AI technologies. EVYD Technology is a Brunei Investment Agency investee company.
About the Brunei Investment Agency Brunei Investment Agency is a body corporate established on 1 July 1983 that holds and manages Brunei Darussalam’s general reserve funds and its external assets. The Agency is an investment arm of the Government of Brunei Darussalam.
Its mission is to safeguard Brunei Darussalam’s sovereign nationhood through dynamic reserve management. The Agency has diverse investments in Listed Assets, Alternative Assets and Real Estate globally. It has offices in Brunei and London with over 200 employees with significant experience and expertise.
About NUS Saw Swee Hock School of Public Health Building upon decades of experience in research, training and practice in epidemiology and public health since 1948, the Saw Swee Hock School of Public Health, under the National University of Singapore, was established in October 2011 as Singapore’s national school of public health. The School is also a member of the National University Health System (NUHS).
The School aims to continually foster healthier communities in Singapore and the region, and impact public health programmes and policies through its robust educational programmes and translational cross-disciplinary research work on cohort studies and life course epidemiology, infectious disease research, health technology assessments, health promotion, workplace safety and health, health systems evaluation and health services research. An interdisciplinary approach, augmented by rigorous training, applicable research and regional partnerships, places the School at the forefront of public health knowledge discovery and practice in Asia.
The School actively collaborates with many partners including the London School of Hygiene & Tropical Medicine, Karolinska Institutet, Harvard T.H. Chan School of Public Health and University of Michigan School of Public Health. Its flagship programme, the Master of Public Health (MPH) degree, attracts students from a wide range of disciplines from within Singapore and throughout the region.
About Temasek Foundation Temasek Foundation supports a diverse range of programmes that uplift lives and communities in Singapore and beyond. Temasek Foundation’s programmes are made possible through philanthropic endowments gifted by Temasek, as well as gifts and other contributions from other donors. These programmes strive towards achieving positive outcomes for individuals and communities now, and for generations to come. Collectively, Temasek Foundation’s programmes strengthen social resilience, foster international exchange and regional capabilities, advance science, and protect the planet.
HONG KONG SAR – Media OutReach – 8 December 2022 –Real estate private equity firm Gaw Capital Partners announced that H.A.N.D.S. Shopping Centre, a project managed by People’s Place, in Hong Kong’s Tuen Mun District, was awarded the Silver Honor in the Best Urban Regeneration Project category of MIPIM Asia Awards 2022 in Hong Kong on December 7. The MIPIM Asia Awards commend APAC’s most outstanding real estate projects and are a highly regarded benchmark for showcasing achievement in the property industry.
H.A.N.D.S. Shopping Centre in Tuen Mun was a standard community mall with a large but idle rooftop. Recognizing its potential, Gaw Capital transformed the 110,000 sq ft bland rooftop into Hong Kong’s first “Sports Hub in the Sky” which includes a three-level roller sports ground, a football pitch, a run base and basketball courts. Joining hands with like-minded architects, corporates and charities, we constructed a creative urban regeneration project where sports and recreational activities are easily accessible, driving foot traffic to our tenants and local businesses.
To unleash the value of H.A.N.D.S., Gaw Capital has reshuffled the zoning of the mall and introduced a new wayfinding system to revive the neighbourhood. The team also leveraged on the indoor and outdoor space to position H.A.N.D.S. as an iconic and popular “Community Sports and Wellness Hub” while adding sports tenants to the mix. Gaw Capital also strives to apprehend H.A.N.D.S.’ social value through creative retail and ESG initiatives that attract a wider spectrum of customers while keeping community needs and our fiduciary duties to investors in mind.
Kenneth Gaw, Managing Principal and President of Gaw Capital Partners, commented, “I would like to express my gratitude to the judging panel for recognizing our effort in revitalizing H.A.N.D.S. It is a testimony to our place-making effort in creating social value while revitalizing the community. The revamped H.A.N.D.S. Shopping Centre is now a hub shared by residents, visitors and sports enthusiasts with diverse retail and dining options along with well-designed sports facilities.”
Alvin Lo, Managing Director, Asset Management of Gaw Capital, said, “We are deeply honored and grateful to receive the MIPIM Award. The Award emphasized our unwavering efforts to create value for the asset and our ability to reimagine previously underutilized retail and recreation areas into an uplifted and energized Community Sports and Wellness Hub. We would also like to take this opportunity to thank our team and tenants for their unceasing support that drives our vision forward.”
The MIPIM Asia Awards considers wide-ranging projects throughout the APAC region of both completed and in-progress developments.
Hashtag: #GawCapitalPartners
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About Gaw Capital Partners
Gaw Capital Partners is a uniquely positioned private equity fund management company focusing on real estate markets in Asia Pacific and other high barrier-to-entry markets globally.
Specializing in adding strategic value to under-utilized real estate through redesign and repositioning, Gaw Capital runs an integrated business model with its own in-house asset management operating platforms in commercial, hospitality, property development, logistics, IDC and education. The firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, serviced apartments, hotels, logistics warehouses and IDC projects.
Gaw Capital has raised seven commingled funds targeting the Greater China and APAC regions since 2005. The firm also manages value-add/opportunistic funds in the US, a Pan-Asia Hospitality Fund, a European Hospitality Fund and a Growth Equity Fund, and it also provides services for credit investments and separate account direct investments globally.
Since 2005, Gaw Capital has commanded assets of US$33.6 billion under management as of Q3 2022.
SINGAPORE – Media OutReach – 8 December 2022 – UnaBiz, Massive Internet of Things (IoT) service provider, closes Series B at over US$50M in an extension round led by SPARX Group and followed by G K Goh Holdings and Optimal Investment. The new financing is reserved for existing investors.
Earlier this year, the company acquired the Sigfox 0G technology that powers the global public 0G Network and connects over 10 million sensors for 1,500+ B2B customers through 70+ national 0G operators worldwide.
After 6 months of successful integration, the company is ready to invest in sustainable product innovation, and strengthen its four key verticals: Utilities, Security, Facilities Management, and Supply Chain & Logistics, across LATAM, APAC and EMEA.
Sparx Group, which also led the initial Series B supported the acquisition.
“UnaBiz acquisition of the 0G technology significantly enhances and cements the group’s position as the global leader of Massive IoT. As the technology owner of the most energy-efficient LPWAN technology available on the market, UnaBiz is in a prime position to champion the convergence of Massive IoT communication technologies (from 0G to 5G) to help enterprises achieve their digitalisation and sustainability goals,” Shuhei Abe, President and CEO of SPARX Group said.
SPARX Group is an independent investment company based in Tokyo, Japan, that manages over US$15 billion worth of assets. It is listed on Tokyo Stock Exchange.
“We are encouraged by the trust and confidence of our investors in this extension round despite the current economic climate,” said Henri Bong, Co-Founder and Co-CEO of UnaBiz Group. “With their strong support and the newly energised team that consists of key executives with deep expertise in technology, operations, sales and marketing, the UnaBiz team will work closely with and through our global partners and 0G Operators around the world to drive Massive IoT.”
Founded in 2016, the company operates with sales offices in Tokyo, Paris, Madrid and Rotterdam, and has two R&D centres in Taiwan Taipei and France Labège. Post-acquisition, UnaBiz doubled its office locations and tripled in headcount. The company currently employs over 240 employees worldwide.
Goh Yew Lin, Managing Director, G. K. Goh Holdings, a Singapore-based investment company, says, “We are happy to increase our investment in UnaBiz as it accelerates its geographical reach following the acquisition of Sigfox. The company’s team has demonstrated focus, foresight and entrepreneurial energy, and we look forward to the next phases of its growth story.”
“Aside from the investments already planned to support business development in strategic markets, we will also use the fresh funds in research and development to further enhance the core low-power 0G capabilities as well as enable cost-effective long-range connectivity dedicated to very low-value assets. Our product portfolio will also be expanded to integrate more LPWAN and satellite technologies, ultimately providing aggregated and clean data through UnaConnect service. The proliferation of new solutions aimed at a broader market will allow our customers to enjoy economies of scale, and the freedom of choice when it comes to means of collecting data from physical assets – that is what the Technology Convergence movement is about.” Philippe Chiu, Co-Founder and Co-CEO of UnaBiz Group commented.
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About SPARX Group
SPARX is an independent asset management firm that was founded in 1989. It practices a consistent investment philosophy and regular asset management processes in the development of its four core businesses: One Asia (Asian equities), real assets, Mirai Creation, and Japanese equities. It excels due to its bottom-up approach to research through which it engages with individual companies. Listing on the JASDAQ market in 2001, SPARX became the first independent Japanese asset management firm to list on the TSE First Section in 2019.
About UnaBiz
UnaBiz is a proven global Massive IoT service provider that specialises in solution design, manufacturing, connectivity and data platform services across a hybrid of low-power wide-area (LPWA) technologies such as Sigfox 0G, LTE-M, NB-IoT and LoRa, to power sustainable business growth. Founded in 2016, the company is headquartered in Singapore, with R&D centres in Taipei and Labège, and sales offices in Tokyo, Paris, Madrid and Rotterdam.
UnaBiz owns the Sigfox 0G technology that connects over 10 million sensors for 1500 B2B customers on the global 0G Network, owned and commercialised by 70+ national Operators worldwide. The company focuses on Utilities, Supply Chain & Logistics, Security and Facilities & Building Management.
The ongoing COVID-19 pandemic has exposed critical cracks in health sector investments in Asia and the Pacific, with the sector’s foreign direct investments (FDI) dropping by 45 percent from 2019 to 2020 and continuing to decline to 34 percent in the first three quarters of 2022.
Some of the 700 houses granted to victims of the Attapeu flood disaster | Photo credit: Lao National Radio.
Attapeu officials held a ceremony on Wednesday to hand over all 700 houses to victims of the Xe-Pian-Xenam Noy dam collapse after a four-year construction period.
Partnerships and Funding Accelerates Cross-Border Web3 Collaboration in Virtual Economy
HONG KONG SAR – Media OutReach – 7 December 2022 – SOLARR today announced new partnerships with UKIIC Accelerator and MRM Family Office. The recently sealed partnerships will accelerate SOLARR’s global ecosystem expansion efforts into the United Kingdom and European Union as the company taps into cross-border collaborative opportunities to advance the growth of Web3 and the virtual economy.
Left: SOLARR’s Founder & CEO, Alex Lee addressing an audience of lawmakers, philanthropists, business leaders, and innovators at the UK Parliament’s House of Lords. Right: SOLARR showcases Web3 use cases at TOKEN2049 London.
“We see significant synergy between UKIIC’s expertise and SOLARR’s Web3 ambitions,” said Professor Yu Xiong, President of UKIIC Accelerator and Director of the newly established Surrey Academy for Blockchain and Metaverse Applications. “SOLARR’s distinctive Web3 commerce and finance platform forms an integral part in UKIIC’s robust ecosystem in accelerating the on-going digital transformation initiatives in the UK, while UKIIC’s expertise in fostering startups and supporting entrepreneurs will be beneficial in helping SOLARR establish new business foothold in the UK.”
Increasing Ground in the EU
MRM Family actively invests in impact initiatives in the EU and Africa and is looking to leverage Web3 technologies like NFT, DAO, and metaverse to achieve a more economically-viable, inclusive, and scalable impact. Through its partnership with SOLARR, MRM will both invest directly in SOLARR and extend to SOLARR its EU portfolio companies and partnership network for enabling Web3 adoption and transformation.
Lee and key executives from SOLARR were in London recently to participate in TOKEN2049 London, a premier digital asset event featuring leading Web3 companies and thought leaders in the global development of blockchain and digital assets.
Accelerating the World’s Transition into the Decentralised Digital Economy
SOLARR is building the infrastructure and paving the way to accelerate the world’s transition into the decentralised digital economy. The company is charting the next frontier in Web3 by bridging the combined power of decentralisation and Web3 technologies through commerce, finance, and the metaverse virtual economy.
“We are thrilled to expand our portfolio with the addition of SOLARR who will play a major role in numerous digital transformation projects we are currently supporting,” said Maria Milford, Founding Partner and CEO of MRM Family (Europe and Asia).
Building the Case for Web3 and Digital Transformation
This news comes following SOLARR’s recent attendance at the UK Parliament’s House of Lords, which plays a crucial role in reviewing legislation and investigating public policy. Under the invitation of Baroness Manzila Uddin, Co-Chair of the UK’s All-Party Parliamentary Group (APPG) on Metaverse and Web 3.0, and UKIIC Accelerator, SOLARR’s Founder & CEO, Alex Lee represented the voice of Hong Kong’s Web3 practitioners and industry frontrunners to showcase the latest Web3 use cases across different industries.
Addressing an audience of lawmakers, philanthropists, business leaders, and innovators at the House of Lords, Lee said, “Digital transformation is not only fundamentally changing how businesses operate, generate profits, and interact with their customers, but is also leading the world towards a ‘new era’ of global unity. The transformation effectively breaks barriers by enabling faster, secured, frictionless cross-border interactions and a scalable global peer-to-peer network.”
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About SOLARR
SOLARR is a DeFi-integrated Web3 commerce platform, empowering users to increase utility, unlock value, and liquify NFTs within a secure decentralized digital commerce platform connected to the metaverse virtual economy. SOLARR’s mission is to accelerate NFT mass-adoption with utility, accessibility, and liquidity. Ultimately, SOLARR’s vision is to facilitate the world’s transition into the decentralised digital economy.
The Department of Agriculture and Forestry, alongside Xuanye (Laos) Co., Ltd., held a ceremony on 5 December in Vientiane Capital, to inaugurate a new freight train transporting bananas from Laos to China.