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GS1 Hong Kong as the First Batch of Participant in CDI’s Initiative Unlocking the Next Generation of Trade Finance Service for SMEs

HONG KONG SAR – Media OutReach – 24 October 2022 – GS1 Hong Kong (GS1 HK) welcomes the launch of Commercial Data Interchange (CDI) by the Hong Kong Monetary Authority (HKMA) today. As the first batch of CDI participants, we fully commit to support the next generation digital trade finance services through the offering of trusted digital trade data from GS1 Hong Kong’s ezTRADE, a long-serving B2B order-to-cash platform.

Anna Lin, Chief Executive, GS1 Hong Kong
Anna Lin, Chief Executive, GS1 Hong Kong

As one of the first key collaboration partners in HKMA’s CDI pilot project since its inception in 2020, GS1 HK has successfully launched its ezTRADE Data Management Portal connecting to CDI as Data Provider.

GS1 HK has been digitising trade by connecting buyers and suppliers through ezTRADE for more than 20 years. It is being used by a range of industries like fast-moving consumer goods (FMCG) and food and beverage (F&B) companies, including 95% of local supermarkets, 79% of hospital drugs supply chains and 70% of Hong Kong-styled fast food restaurant groups today.

GS1 HK has been partnering with banks to offer digital trade financing, which aims to help business get working capital easier and faster. The up-to-date and trusted transactional data such as purchase orders and invoices reflect the latest financial health of the borrowers. With the consent from the borrowers, banks can get the reliable data from ezTRADE as alternative data to accelerate the credit assessment and approval processes.

In addition, we have been helping banks to build a trade financing workflow system that bridges their own applications to CDI, saving their development efforts while facilitating secure sharing of data. As a data provider with expertise to support connectivity between banks and the CDI, GS1 HK plays a pivotal role in digitising trade and shaping the digital trade financing landscape.

“We are excited to have partnered with banks to offer new financial services to our ezTRADE suppliers community. Not only does this new offering speed up SMEs’ access to working capital, but as well provide banks with trusted up-to-date trade data to offer better loan facilities and continuously monitor the borrowers’ health. CDI provides an efficient and scalable ecosystem to collaborate with more financial service providers,” said Dr. Stephen Lam, Chief Operating Officer of GS1 HK.

Instead of multiple one-to-one connections between banks and sources of commercial data, CDI enables each bank and data provider to have a single connection to CDI, making data sharing more secure, efficient, and scalable.

“By providing alternative data for banks to enable more streamlined and hassle-free services to SMEs, we have been bringing great value to the SMEs in their continued digitalisation journey. We look forward to working with more banks, third party logistics providers, technology partners and other stakeholders in the digital trade financing ecosystem, empowering more innovative services to the SMEs,” said Anna Lin, Chief Executive of GS1 HK.

Hashtag: #GS1HongKong

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

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong (GS1 HK) is the local chapter of GS1®, which supports companies’ digitalisation to enhance supply chain transparency and efficiency, ensure product authenticity, and facilitate online and offline commerce with global supply chain standards (product identification key and barcode) and a full spectrum of standard-based platforms, solutions and services.

Currently, GS1 HK has around 8,000 corporate members covering close to 20 industries including retail consumer goods, food and food services, healthcare, apparel, logistics as well as information and technology. By engaging with communities of trading partners, industry organisations, government, and technology providers, GS1 HK is fostering a collaborative ecosystem with the vision of “Smarter Business, Better Life”.

Headquartered in Brussels, Belgium, GS1® is a not-for-profit, standards organisation that has 115 national chapters serving 150 economies globally. For more information, please visit .

New international Headquarters debuts in Hong Kong for leading UK residential developer London Square

HONG KONG SAR – Media OutReach – 24 October 2022 – Leading UK developer London Square has opened an international headquarters office in central Hong Kong to showcase its range of outstanding residential schemes – demonstrating its commitment to a first-class customer experience for its purchasers across the East and South-east Asia regions.

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London Square’s new office is located at the premium address of One Exchange Square, a 52-storey building in central Hong Kong.

The residential developer has already delivered schemes worth £1.8 billion across Greater London since its launch in 2010 and is committed to investing into the future of the capital and beyond, with a land pipeline worth £2.5 billion in gross development value. London Square’s renowned high-quality homes have always been a major hit with buyers globally, and it has now expanded its existing platform to offer an entire eco-system of tenures, reaffirming their position as a leading residential developer.

Connecting purchasers with a quality life in Greater London through the outstanding customer experience

To ensure a first-class experience for its overseas customers, the International Headquarters will provide in-person assistance for purchasers with their award-winning customer journey, whilst a bespoke service with a tour is given to each customer to get in touch with the most updated insights from the UK property market and experience London Square first-hand.

In-depth information on London Square and the high specification properties on offer will be available. This will allow customers to see and experience first-hand London Square’s exceptionally well-designed show kitchens and bathrooms, the carefully curated range of interior options tailored for each development, plus view the models, and use the interactive tools to get a detailed overview of London Square’s well-connected developments across Greater London.

Reflecting the company ethos and name, which was inspired by the UK capital’s famous squares, London Square is dedicated to exceptional placemaking, individually designing every scheme to reflect its location, creating new destinations, with garden squares and landscaped spaces, as well as commercial spaces to encourage thriving new communities in areas where those who live and work in London will choose to build a home.

Customers will also be invited to seminars, launches and VIP events that provide the latest property market insights including direct links to the on-site sales suites in the UK, as well as using augmented reality.

Showcasing the 4 amazing property projects catering to every customer’s pursuit of life

Among the first developments to be launched in the Hong Kong office will be London Square Nine Elms and London Square Croydon. The former a new residential landmark in the centre of the capital – part of the UK’s most exciting new destination on the South Bank, while the Croydon is a new apartment scheme in the south of the capital. According to research commissioned by London Square, Croydon is shaping up to have exceptional property price growth, fuelled by its status as a top 10 business location for tech company start-ups. A 14-minute train journey from Croydon to London Bridge or Gatwick makes it one of the best-connected commuter destinations.

Other schemes that will be available to view include London Square Watford, a stylish collection of one and two bedroom apartments in a gated development in a popular residential spot just two miles from the town centre – and with top ranking as one of the UK’s leading commuter destinations. The analysis by Dataloft, a leading property market intelligence company, examined the excellent lifestyle on offer, employment opportunities, quality education, extensive green spaces, and first-class transport links, in a research report commissioned by London Square.

Commuter hotspot Walton-on-Thames is just outside the capital – a popular riverside town in the highly desirable county of Surrey, which attracts families looking for good schools and a quality lifestyle. London Square Walton on Thames is in the coveted Ashley Park area, and features a collection of distinctive family houses, all with private gardens, reflecting the renowned Surrey Arts and Crafts style of architecture, and set in over five acres of gardens with mature trees and shrubs. The first residents have already moved in and there are just three family homes now available for sale in the final release.

London Square International HQ Hong Kong:
3406, 34/F One Exchange Square Central, Hong Kong

Hashtag: #LondonSquare

About London Square

Founded in 2010, London Square is a leading residential developer delivering a range of high-quality homes in well-connected locations across Greater London. London Square has expanded its existing platform to offer an entire eco-system of tenures – private for sale, for rent and affordable. The company’s divisions comprise London Square Developments, its private for sale arm, London Square Partners, set up to work with the public sector, London Square Works, which focuses on developing high quality space at its mixed-use developments, and London Square Living, its new Build to Rent division, which sources sites and develops the for rentals. Square Roots is an independent provider of affordable housing launched by London Square in 2021.

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The First Phase of Europe’s Good Governance Program to End Successfully

After almost six years of implementation, the first phase of Team Europe’s flagship CEGGA program will conclude on October 31.

Laos Touted as One of the Best Places to Visit in 2023

Tourists visiting the Patuxay monument in Vientiane Capital accompanied by a LaoSafe certified guide (Photo: LaoSafe).
Tourists visiting the Patuxay monument in Vientiane Capital accompanied by a LaoSafe certified guide (Photo: LaoSafe).

Curated by the well-known travel magazine, Wanderlust, famous tourist spots in Laos have made it on the list of best places to visit in the world in January 2023.

ADB leads $135 million climate financing package to support electric mobility in Vietnam

HANOI, VIETNAM Media OutReach 24 October 2022 The Asian Development Bank (ADB) mobilized a $135 million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network. The assistance will support Vietnam’s efforts to achieve net-zero greenhouse gas emissions and expand high-tech manufacturing industries.

The climate financing comprises 7-year tenor financings, including a $20 million loan funded by ADB, parallel loans of $87 million facilitated by ADB as mandated lead arranger, and concessional financing of up to $28 million. The climate financing is certified by the Climate Bonds Initiative, a scientifically-based standard for labelling bonds, loans and other debt instruments which contribute to addressing climate change.

ADB has partially offset the project’s risks by utilizing concessional financing through its managed trust funds comprising loans from the Australian Climate Finance Partnership funded by the Australian Government (ACFP), the Clean Technology Fund (CTF) and a grant from the Climate Innovation and Development Fund, which is funded by Goldman Sachs and Bloomberg Philanthropies.

Parallel loans were also mobilized by ADB from Export Finance Australia, the Finnish Fund for Industrial Cooperation, Oesterreichische Entwicklungsbank AG, and responsAbility.

“This project delivers a high-impact, sustainable transport solution for Vietnam while helping it meet its climate goals and supporting the growth of climate finance in the region,” said ADB Private Sector Operations Department Director General Suzanne Gaboury. “Asia and the Pacific is the frontline of the global fight against climate change, and private sector projects like this one with innovative partners such as VinFast are crucial to help its countries decarbonize their economies.”

Vietnam’s transport sector accounts for 18% of annual greenhouse gas emissions, and its decarbonization, through options like e-mobility, will directly impact the country’s ambition to achieve net zero emissions by 2050.

Additionally, the project includes a technical assistance (TA) of $950,000 from the ACFP and the CTF, focused on raising consumer awareness about e-mobility’s economic, environmental, and social impacts to help advance its market penetration. The TA will also help promote the role of women studying for or working in fields related to science, technology, and mathematics.

“We are delighted to receive this extensive support and a long-term financing package from ADB and several esteemed international Development Finance Institutions. We see this as a vote of confidence in our efforts to become a global smart mobility company that offers environmentally friendly public transportation, and to advance Vietnam’s transition to a low carbon economy,” said VinFast’s Global CEO Thuy Le.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Established in 2017, VinFast is Vietnam’s first domestic car company and electric passenger vehicle manufacturer. VinFast is a subsidiary of Vingroup Joint Stock Company, Vietnam’s largest private enterprise. VinFast develops electric cars for the domestic and international market, and is investing in a nationwide network of fast-charging units to support its electric vehicle expansion in Vietnam.

Hashtag: #VinFast

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

Latest Release of Epicor Kinetic for Manufacturing Delivers New Industry Features and Connected Services

HONG KONG SAR – Media OutReach – 24 October 2022 – Epicor, a global leader of industry-specific enterprise software to promote business growth, today introduced a variety of features in its Fall 2022 release for Epicor Kinetic for Manufacturing, part of the Epicor Industry ERP Cloud portfolio. The updates will help manufacturers better compete with deep industry-specific functionality, connected services to integrate and optimize workflows, and deliver a smoother user experience journey.

“Now more than ever, manufacturers need people-centric, open, and connected technologies to gain visibility across their business and optimize supply chain processes,” said Vaibhav Vohra, Chief Product Officer at Epicor. “The latest release of Epicor Kinetic empowers our customers with a variety of fit-for-purpose features and integrations that deliver on that, helping them grow their business and compete in today’s global marketplace.”

New capabilities across the latest release of Epicor Kinetic for Manufacturing include:

Deep Industry-Specific Functionality

  • The ability to track inventory by part and revision allows customers to reduce part number maintenance time, ensure component compatibility, and have full visibility into inventory segmentation
  • Improved API connection between Epicor Kinetic and Epicor Advanced MES that includes passing of Downtime and Scrap codes
  • Embedded electronic signature capability that can be used with Business Process Management (BPM) on any business object to support compliance and quality management needs
  • Enhancements to fulfillment improve visibility of Make-to-Orders, streamlining the release of sales orders to picking
  • Improved financial reporting capabilities, aligning the Procurement to pay trackers and GL reporting showing valuable data that will help customers easily reconcile their data across different areas


Connected Services to Optimize Workflows

  • Epicor Commerce Connect customers can rate shop at checkout by pulling the best freight rates from Quick Ship, eliminating the need to maintain shipping rates in both applications
  • Deeper integration between Epicor Kinetic and Epicor CPQ, including new features such as 3D Sketch & Extrude and a MoM Viewer Widget to view MoM calculations in real-time while users are configuring


Smoother User Experience Journey

  • Built to engage employees across the enterprise with a digital messaging and notification engine
  • Enhanced collaboration offers an optimized mobile experience

For more information on the latest release of Epicor Kinetic, visit our website.

Hashtag: #Epicor

About Epicor

Epicor Software Corporation equips hard-working businesses with enterprise solutions that keep the world turning. For nearly 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to respond flexibly to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform, or simply become more productive and effective. Visit for more information.

Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation. Results are not guaranteed, and each user’s experience will vary.

Party Central Committee Promises to Fix Inflation in Laos

photo credit: Lao National Radio

The Central Committee of the Lao People’s Revolutionary Party has pledged to get a grip on the rising inflation and other economic difficulties the country is currently suffering from.

“Enjoy the sweet and fresh air in Fujian”, Fujian’s ecological civilization construction has reached a new height

FUZHOU, CHINA – Media OutReach – 24 October 2022 – The spokespersons of the delegations from seven provinces (cities), including Fujian Province, Heilongjiang Province, Shanghai and Jiangsu Province, present on the evening of October 18. According to the Fujian Provincial Information Office The Fujian delegation introduced in detail the new developments in Fujian over recent years in the promotion and innovation of “Fu” (which means blessings) culture and the ecological civilization construction.

Fujian, having 4 world cultural heritage sites, 8 entries in the UNESCO Intangible Cultural Heritage Lists, and 145 entries in the National List of Intangible Cultural Heritage of China, now rank among the top throughout China in terms of the number of World Heritage sites. The culture of “Fu” is infused in every aspect of the people of Fujian.

People could even enjoy the sweet and fresh air in Fujian. Known as “A Landscape Gallery and Pure Land of Blessings within the Mundane World”, Fujian, with the Wuyi Mountains to the west and the vast ocean to the east, has become China’s first pilot ecological civilization zone in 2016 and ranked among the top in China over years for Green Eco-Civilization Index. Ecosystem stability, sustainability and biodiversity in Fujian have been effectively maintained, and 39 reform achievements in the ecological civilization pilot zone have been replicated and promoted in China. In Fujian, the proportion of good air days in cities reached 99.2%, and the proportion of good water quality in 12 major rivers reached 97.3%. The statistics data indicates that Fujian has created about 4.3% of aggregate economic output with only around 1.3% of land and 2.9% of energy consumption across China.

Fujian will adhere to green development by incorporating carbon peaking and carbon neutrality into the layout of the ecological province construction, cultivating and expanding industries for energy conservation and clean energy, accelerating the green transformation of traditional industries, and striving to build a green, circular, and low-carbon development system and implement the pilot market reform of ecological products, to explore the mechanism of realizing the value of ecological products; and deliver the most inclusive well-being and welfare of people based on a good ecological environment, implement major projects for the protection and restoration of important ecosystems, widely create a new fashion for green and low-carbon production and life, so as to build a more impressive business card for beautiful Fujian with clean air, green eco-system and clear water.

Hashtag: #FujianProvincialInformationOffice