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Singapore’s top 100 companies outperform the global average in sustainability reporting, while the Asia-Pacific leads regions with 89 percent of its companies reporting on ESG

  • The latest findings from KPMG reveal that sustainability reporting has grown steadily, with 79 percent of leading global companies providing sustainability reports
  • In Singapore, sustainability reporting rate grew by 19 percent to 100 percent in 2022, up from 81 percent in 2020 for the country’s top 100 companies.
  • There has been marked improvements in companies reporting carbon reduction targets, but action remains too slow in key related areas, with less than half of companies currently recognising biodiversity loss as a risk
  • Among the thousands of reports analysed, less than half of the world’s largest companies are providing reporting on ‘social’ and ‘governance’ components of ESG

SINGAPORE – Media OutReach – 18 October 2022 – Singapore’s top 100 companies[1] have outperformed the global average in sustainability reporting for six out of 12 indicators (see Table 1) in KPMG’s 2022 Survey of Sustainability Reporting which surveys the largest 100 companies (termed as ‘N100’) in each of 58 countries or jurisdictions every two years, or 5,800 companies in total. These Singapore companies have also increased their sustainability reporting rate to 100 percent in 2022, up 19 percent compared to 2020 – higher than the 2022 global average which is 79 percent.

The Asia Pacific region leads with 89 percent of its companies undertaking sustainability reporting. This is followed by Europe (82 percent), the Americas (74 percent) and the Middle East and Africa (56 percent). Regional variations were observed in the contents of sustainability reporting, largely driven by top-of-mind concerns and regulatory differences. While North America (97 percent) and Western Europe (85 percent) emerged with the highest overall reporting rates, the Middle East (55 percent) and Asia Pacific region (30 percent) stand out on integrated reporting. Meanwhile, Latin America (50 percent) stands out on biodiversity reporting and Africa stands out on social and governance reporting (51 percent and 49 percent, respectively).

Globally, there has been a steady and consistent increase in reporting from the N100. Ten years ago, around two-thirds of the N100 group of companies provided sustainability reports and the figure now stands at 79 percent. Meanwhile, the world’s top 250 companies – known as the G250 (the G250 sample comprises the top 250 companies by revenue based on the 2021 Fortune 500 ranking) – are almost all providing some form of sustainability reporting, with 96 percent of this group reporting on sustainability or ESG matters. However, the findings reveal that there is still a disconnect between the urgency of addressing climate change and social equity, and the ‘hard results’ provided by businesses.

The Global Reporting Initiative (GRI) remains the most dominant standard used around the world. Singapore is a leader in the uptake with 100 percent of its N100 companies reporting against GRI standards and 85 percent reporting against Singapore stock exchange guidelines.

Specifically, Singapore companies have scored better than the global average for material topics identified, reporting of carbon reduction targets, the inclusion of environmental, social and governance (ESG) information in their annual reports, acknowledging climate change as a financial risk to business, and in terms of governance when it came to appointing a member of the board or leadership team to be responsible for sustainability as well as including sustainability within compensation.

Cherine Fok, Partner, KPMG ESG, KPMG in Singapore said, “In this latest report, Singapore takes the lead for sustainability reporting globally. This is an encouraging indicator of progress and reflects the country’s determination to consistently deliver on earlier climate commitments. Recent moves by the regulators to further refine and enforce reporting requirements were decisive, steering companies towards the adoption of best practice disclosures backed by strategic business planning and operational transformation. The regulations were complemented simultaneously by widespread capacity building efforts, and the introduction of a comprehensive series of initiatives that extended support to businesses as they grapple with the challenges pose by the net zero transition. These initiatives include revisions to carbon tax rates to better consider the gravity of the issue, new green policies and incentives to drive commercially scalable solutions and technology adoption that facilitated measurement, reporting and verification of sustainability disclosures. With the groundwork being laid, we can look forward to a deepening in the next phases of sustainability reporting, with more focus placed on complex aspects such as climate impact modelling, analysis of the socio-economic impacts arising from climate change, and a clearer link between sustainability performance and enterprise value.”

Table 1: Results of sustainability key data points by N100 companies in Singapore versus global average

No Key data points Global average Singapore
Results
1 ANNUAL REPORT

(number of companies that include ESG/Sustainability information in their annual report)

60% 68%

Medium/High

2 INTEGRATED REPORT

(number of companies that state that it follows the International <Integrated Reporting > Framework)

22% 9%

Medium/High

3 ASSURANCE

(number of companies that seek assurance for their ESG/Sustainability information)

47% 26%

Medium/Low

4 MATERIALITY

(number of companies that identify material topics)

71% 100%

High

5 SDG

(number of companies that identify specific Sustainable Development Goals (SDGs) it considers most relevant to the business)

71% 69%

Medium/High

6 CARBON TARGET

(number of companies that report carbon reduction targets)

71% 78%

High

7 BIODIVERSITY

(number of companies that recognize the loss of biodiversity/nature as a risk to the business)

40% 34%

Medium/High

8 CLIMATE RELATED RISK

(number of companies that acknowledge climate change as a financial risk to business)

46% 49%

Medium/High

9 SOCIAL RELATED RISK

(number of companies that acknowledge social elements as a financial risk to business)

43% 34

Medium/Low

10 GOVERNANCE RELATED RISK

(number of companies that acknowledge governance elements as a financial risk to business)

41% 41%

Medium/High

11 GOVERNANCE

(number of companies with dedicated member of the Board and/or leadership team responsible for sustainability)

34% 35%

Medium/High

12 GOVERNANCE

(number of companies that included sustainability within compensation)

24% 67%

High

Legend:

For each data point, the country has been ranked and grouped into one of four quartiles:

  • Top quartile (High) = Countries ranked 1 – 15
  • Middle – high quartile (Medium/High) = Countries ranked 16 – 30
  • Low – middle quartile (Medium/Low) = Countries ranked 31 – 44
  • Bottom quartile (Low) = Countries ranked 45 – 58

Climate continues to dominate

The latest findings reveal that businesses are increasingly recognising that they have a role to play in helping to achieve climate targets, with an impressive 71 percent of the N100 globally and 80 percent of the G250 setting carbon reduction targets. Reassuringly, most companies recognise that they must reduce their own emissions to achieve their carbon targets rather than rely solely on carbon credits. The number of companies reporting against Task Force on Climate-related Financial Disclosures (TCFD) guidance has nearly doubled, leading to better climate disclosure.

However, the report also reveals some key areas where faster progress is required. Only 64 percent of G250 companies formally acknowledge that climate change is a risk to their business, and less than half of companies currently recognise biodiversity loss as a risk.

Sustainability reporting through the ESG lens

This year’s report has also highlighted some further challenges the world’s major companies are facing reporting on ESG. Among the thousands of reports analysed, less than half of the world’s largest companies provided reporting on ‘social’ components (e.g. modern slavery; diversity, inclusion and equity; community engagement; and labor issues), despite an increasing awareness of the link between the climate crisis and social inequality. At the same time, less than half of companies disclosed their governance risks (e.g., corruption bribery and anti-corruption, anti-competitive behavior or political contributions.) In addition, only one third of N100 companies have a dedicated member of their leadership team responsible for sustainability and less than one-quarter of these companies link sustainability to compensation among business leadership.

ESG disclosures continue to be overwhelmingly narrative-driven, rather than publishing quantitative or financial data regarding impacts. This is clearly an area of improvement for companies around the world.

On a positive note, around three-quarters of reporting companies conducted materiality assessments and are disclosing material topics.

John McCalla-Leacy, KPMG’s Global Head of ESG, said:

“Last year, scientists from the IPCC warned the world was on ‘Code Red’ for human driven global warming. It was followed by a number of commitments from political leaders at COP26. As we head towards COP27, immediate action is now needed to avert human and environmental tragedies on an ever-increasing scale.

“KPMG’s 2022 Survey of Sustainability Reporting reveals regulation is making a difference. My view is that it is critical to provide guidance and direction to companies and help drive cultural change. Business leaders have accepted they have a responsibility and role to play in helping to slow and potentially avert the unfolding crisis. What’s needed more than ever is globally consistent standards from governments and a collective effort from the world’s major companies to report on all aspects of ESG, recognizing the clear links between the environment and wider social equality issues.”

Jennifer Shulman, report co-author and Global Lead for KPMG’s Global ESG Advisory Hub, commented:

“The COP26 summit offered the world a human face to the unfolding climate tragedy facing the planet. Representatives from some of the world’s most remote and heavily impacted nations and territories were present to share their story. But, despite that growing recognition of the human side of ESG, our latest survey continues to highlight a real challenge facing the C Suite – which is in how they demonstrate and reflect on their company’s wider societal impact.

“We should start to see some progress over the coming year as organizations like the International Sustainability Standards Board (ISSB) roll out new global standards for reporting. But, companies shouldn’t wait to be told. Leadership from the top is essential. The global pandemic and COP26 shone a light on the growing inequalities in society. Many major organizations are responding with proactive action that should be applauded. We’re seeing far greater action on gender equality, pay equity and community impact assessments. It’s time for organizations to be transparent in their reporting to highlight what they’ve achieved and hold themselves to account on areas where further progress is required.”

A call to action

New ESG requirements are driving a different perspective and set of conversations in Boardrooms, driving business leaders to stretch their thinking and ensure that from the top down they are making strategic decisions that take climate and broader ESG considerations more into account.

The KPMG report outlines the tangible ways businesses can invest in sustainability reporting:

  • Understanding stakeholder expectations
  • Incorporating materiality assessments into reporting
  • Aligning reporting to mandatory or voluntary frameworks
  • Investing in quality non-financial data management
  • Understanding the impact of climate change and social issues on business

The pressure on businesses to report on non-financial metrics is only expected to grow as regulations evolve. By acting now, companies can make informed choices to drive the change that is much needed to be a good corporate citizen in today’s world.

[1] These are the top 100 companies based on a recognised national source or, where a ranking was not available or was incomplete, by market capitalisation or a similar measure. All company ownership structures were included in the research: publicly listed and state, private, and family-owned.

Hashtag: #KPMG

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

About KPMG’s Survey of Sustainability Reporting

First published in 1993, this 2022 survey marks the twelfth edition, examining sustainability reporting trends around the world. Over the past two decades, sustainability reporting has been largely voluntary, so the purpose of this survey was to offer meaningful insights about how to improve levels of disclosure by business leaders, sustainability professionals, and company boards.

Today, we are on the precipice of adopting mandatory and regulated sustainability reporting and the reporting landscape is poised to change drastically. The findings in this report reflect on the current state of reporting today, the gaps that should be filled to meet regulatory requirements and the overarching business strategy considerations that can allow companies to meet increasing regulatory expectations while still creating impact and generating value.

About KPMG International

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 144 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit kpmg.com/governance.

Administration rethought – AnyDesk releases version 7.1, continuing the company’s strategy of making Remote Access Solutions appealing to large enterprises

HONG KONG SAR – Media OutReach – 18 October 2022 – AnyDesk Software GmbH, the fastest-growing Remote Access Software company, released AnyDesk 7.1, continuing its strategy to develop the best Remote Access Solution on the market. The application’s elegant software architecture and its intuitive and appealing user interface are central to this strategy. As a result, companies and private users can increase their productivity when accessing their devices remotely. AnyDesk 7.1 is initially available for Windows, with other operating systems to follow.

Philipp Weiser, CEO
Philipp Weiser

CEO & Founder

Optimizations for System Administration

Version 7.1 is complemented by version 2 of my.anydesk, the company’s Management Console. With it, administrators can assign permissions to user accounts and groups within AnyDesk to fine-tune their processes. Authorization profiles can be implemented intuitively and in a targeted manner. Overall, the new functionalities simplify processes and administration tasks. Additionally, security is ensured through multi-factor authentication (MFA).

AnyDesk CEO and Founder, Philipp Weiser, states that “AnyDesk 7.1 is an important step in our strategy to realize the added value of our solution even in complex company structures. Because of the expanded target market it provides, we can ensure further growth, which will help us finance the expansion of our product portfolio.”

More security and convenience with the option of user login

The new version of AnyDesk offers the option of user login, which can be done either directly in the application or online. With it, AnyDesk enhanced its security and convenience. Not only that, but a simple sign-on (SSO) with existing accounts, such as Google or Facebook, is also supported. This simplifies new logins, as users do not have to create a new username and password.

Non-commercial users are also given the option to create an AnyDesk account, which allows access to functionalities such as the Address Book.

AnyDesk is introducing these product changes based on analysis of user data, which will allow the company to not only provide greater security to end users, but also to further reduce irregular activity within the AnyDesk network.

Hashtag: #AnyDesk

About AnyDesk

AnyDesk is one of the world’s leading providers of remote desktop software and boasts over 600 million downloads. Downloads for AnyDesk’s remote desktop solution doubled in 2021, making AnyDesk one of the 50 fastest growing companies in Europe. Present in more than 190 countries, over 120,000 customers rely on AnyDesk, including internationally renowned companies such as Bosch, McDonald’s and Google. Further information: | | | | |

Laos-China Railway to Develop Cross-Border Transportation to China

Laos-China Railway plans to improve the transportation of goods by railway across the border and create opportunities for companies to export their products.

Peking University Resources Entered into an MOU with Nibiru

Embarking on the First Step to Exploit Metaverse Platform

HONG KONG SAR – Media OutReach – 18 October 2022 Peking University Resources (Holdings) Company Limited (the “Company“, together with its subsidiaries, the “Group“; stock code: 618.HK), is pleased to announce that on 14 October 2022, the Company entered into a memorandum of understanding with The Nibiru Global Limited (“Nibiru“) (the “MOU“). Pursuant to the MOU, the Company aims to invest into Nibiru with an amount up to US$2 million in relation to developing and constructing a blockchain-based metaverse with digital identities as an interface for users to experience the virtual world of properties.

Pioneering Real Estate Developer to Explore Metaverse

Under the MOU, the Company aims to capitalise on the open-world metaverse platform developed by Nibiru and develop real estates in the web 3.0 environment, which will be a fusion of reality and virtuality. The Company is in a prime position to explore real estate development in the metaverse platform where traditional competitors are not present in the same space. By drawing on its expertise in architectural design, land development and materials usage, the Company will be able to deliver high quality residential buildings and commercial superstructures on the metaverse platform.

Ushering in a Positive Prospect through Engagement with Users

The 1:1 ratio real estate design and development on the metaverse platform will enable the Company to approach the overall design and development of real estates from new angles and allow AI assessment of the user’s reaction and impression towards the real estate projects, which will assist the Company to optimise its real estate designs and control ineffective costs to be incurred in developing real-life real estate projects. From the perspectives of the users, the metaverse platform may facilitate their participation in the design and development of architectural structures in an immersive manner, which will encourage the conversion of their purchasing and participating interest on the metaverse platform to the real world.

Mr. Wong Kai Ho, Chairman of Peking University Resources (Holdings) Company Limited, said, “We are thrilled to have established strategic partnership with Nibiru and to expand our footprint to metaverse. Leveraging on our years of real estate development and planning experience, combined with the metaverse building technology provided by Nibiru, we are confident that the potential business cooperation with Nibiru will help improve, expand and promote the Company’s existing real estate business, and enhance its profitability and bring more considerable returns to the Shareholders.”

Hashtag: #PekingUniversityResources

About Peking University Resources (Holdings) Company Limited

Peking University Resources (Holdings) Co., Ltd. (stock code: 618.HK) was founded in Beijing. Relying on the company’s profound cultural heritage and excellent resource integration and operational advantages, it was listed on the main board of the Hong Kong Stock Exchange in 1991. The Group is mainly engaged in real estate development and investment, commercial real estate operation and high-end ICT services. It integrates culture, technology, wisdom and ecological concepts into urban planning and construction, creating high-quality products and services full of humanistic care, and conserving life scenes with cultural atmosphere in order to create a better future for Chinese families. For more details about the Company, please visit the Company’s official website: .

About The Nibiru Global Limited

Nibiru is a limited company incorporated in Hong Kong and is principally engaged in metaverse projects. Nibiru’s ambition is to build a one-of-a-kind open-world metaverse platform which connects web 2.0 individuals, brands and institutions, on the one hand, with the web 3.0 environment, on the other hand. Citizens of the metaverse platform will have access to a world map divided in 4 zones with 13 regions, divided into 180,000 unique land plots which will be represented by their respective one-of-a-kind NFT collections.

Supermicro collaborates with Infineon on green computing, leverages Infineon’s high-efficiency power stages to reduce data center power usage

MUNICH, GERMANY – Media OutReach – 18 October 2022 – The new dimension of digitalization is enormous and global data volumes will only multiply exponentially in the future with video streaming, virtual conferences, cloud services, cryptocurrencies and many other digital applications. Experts estimate a 146-fold increase in data in just 15 years. According to the US International Trade Commission[1], 175 zettabytes (≙ 175,000,000,000,000,000 bytes) of data is expected to be reached as early as 2025. Currently, approximately 8,000 data centers process, store and network these huge volumes of data. In addition to performance and security, optimizing energy efficiency is critical to their profitability and sustainability.

infin-combine.jpg

Supermicro’s green computing platform can significantly improve power usage effectiveness. Specifically, the Supermicro MicroBlade® family offers the best server density for a variety of processors. The MicroBlade server uses Infineon’s OptiMOS™ integrated power stages TDA21490 and TDA21535.

To address these requirements and enable decarbonization of data centers, Super Micro Computer (Nasdaq:SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, is collaborating with Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) by choosing their high-efficiency power stages semiconductor products. “When developing our green computing platforms, we choose key vendors that share our focus on energy efficiency to reduce power consumption,” said Manhtien Phan, Vice President, Server Technology, Supermicro. “With Supermicro solutions and Infineon technologies, you can decrease system power consumption, which lowers overall data center power utilization, minimizing impact to the environment.”

“Data center cooling is responsible for a large portion of energy consumption. Our energy-efficient TDA21490 and TDA21535 power stages are ideal for data centers to reduce heat dissipation,” said Adam White, President of Infineon’s Power & Sensor Systems Division. “These semiconductors provide high-temperature tolerance and excellent reliability to enable free air cooling for the server to further improve the power usage effectiveness to the customer’s data center and deliver more energy efficiency.”

The power usage effectiveness (PUE) measurement divides the total power delivered to the data center by the actual power consumed by the IT equipment. An ideal PUE value is 1.0, which means that all the power required for a data center is in the actual computing devices, not in overhead costs such as cooling or power conversion. According to recent research[2], IT and data center managers reported an average annual PUE ratio of 1.57 at their largest data center, indicating there is room for improvement for uncontrolled cooling and power costs, along with reducing the CO2 footprint.

Supermicro’s green computing platform can significantly improve PUE. Specifically, the Supermicro MicroBlade® family offers the best server density for a variety of processors, up to 112 x 1-socket Atom® nodes, 56 x 1-socket Xeon® nodes, and 28 x 2-socket Xeon® nodes in 6U. This can be effortlessly deployed at scale and provisioned in volume with its data center-friendly features and designs, including free-air cooling and Battery Backup Power (BBP®). The MicroBlade can provide up to 86 percent power efficiency improvement and 56 percent density improvement when compared to standard 1U rackmount servers.

The MicroBlade server uses Infineon’s OptiMOS™ integrated power stages TDA21490 and TDA21535. The TDA21490 enables a robust and reliable voltage regulator design for high-performance xPUs, ASICs and SoCs used in server, memory, AI and networking applications. The device offers best-in-class efficiency with its OptiMOS power MOSFETs in a thermally efficient package. The low quiescent current driver enables a deep-sleep mode to further increase efficiency at light loads, and provides excellent current monitoring that significantly improves system performance. In addition to the robust OptiMOS MOSFET technology, the TDA21490’s comprehensive fault protection feature further enhances the system’s robustness and reliability.

The TDA21535 incorporates a low quiescent current synchronous buck-gate driver IC in a co-package with high- and low-side MOSFETs, and an active diode structure that achieves low values for the body-diode forward voltage (Vsd) similar to a Schottky barrier diode with very little reverse recovery charge. The internal MOSFET current measurement algorithm with temperature compensation in the TDA21535 achieves superior current measurement accuracy compared to best-in-class controller-based induction DC resistance measurement methods. Operation at a switching frequency of up to 1.5 MHz enables high-performance transient response and allows output inductance and capacitance to be reduced while maintaining industry-leading efficiency.


[1]Data centers around the world,” United States International Trade Commission, May 2021

[2]Data center average annual power usage effectiveness (PUE) worldwide 2007-2021,” Statista Research Department, July 21, 2022

Hashtag: #Infineon

About Super Micro Computer

Super Micro Computer, Inc. (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro is committed to protecting the environment through its “We Keep IT Green®” initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market. More information is available at

More information about Infineon’s contribution to energy efficiency:

Infineon makes the IoT work

Microelectronics make up the core of every IoT solution. Infineon’s sensors, actuators, microcontrollers, communication modules and security components underpin every device. The company is a one-stop technology partner for realizing smart, energy-efficient and secure IoT applications with development boards, evaluation kits, and design tools to support manufacturers. More information about Infineon’s contribution to IoT: .

SelectDB Topped ClickBench – a Benchmark For Analytical DBMS

BEIJING, CHINA – Media OutReach – 18 October 2022 – The cloud-native realtime data warehouse SelectDB recently topped ClickBench which is a global benchmark for analytical databases launched by ClickHouse, showing its high performance in the world. It runs on c6a.4xlarge VM in AWS with 500 GB gp2 by default, surpassing a number of global top products by leading in a lot of indicators.

photo-7-.jpg

ABOUT CLICKBENCH

In ClickBench, the test data are all taken from the actual traffic recording of one of the world’s largest web analytics platforms, covering a variety of data types and typical scenarios such as ad hoc queries and statistical reports, which can truly reflect the performance of major databases in the production environment, thus attracting many internationally renowned databases like Snowflake, Redshift, Athena, Greenplum, Druid ,etc..

The measured indicators include the time taken to import the same dataset, the amount of storage space occupied, and the time taken to execute SQL under a specific machine, which are used to measure data import performance, data compression ratio, and query performance respectively. The one with the best performance in all test results will become the baseline. The indicators of the same test items will be compared with the baseline data and a ratio will be obtained. This ratio will reflect the gap with the best performance. When a new test result exceeds the original baseline, it will automatically become a new baseline.

As far as query performance, hot run and cold run will be executed for each SQL respectively to count the duration, that is, repeat the SQL for three times and select the one with the shortest duration, and execute directly after starting and cleaning the memory. Finally, the ratio of the execution time of all SQL to the baseline will be geometric averaged, which is the final test result. Therefore, ClickBench pays more attention to the excellent performance of the database in all test scenarios, rather than one or several scenarios, which makes the database require all-round capability improvement.

ABOUT SELECTDB

SelectDB is developed based on the commercial requirements of the open-source product Apache Doris. Without the support of Apache Doris community, our R&D speed would not be so fast. Therefore, we would like to thank all the technical partners of the Apache Doris community. All the performance optimization points for SelectDB will be returned to the Apache Doris community without any reservation. At present, some codes have been merged into the community master branch, and many PRs are in the process of merging. We believe that in the near future, all community users will be able to have the ultimate experience brought by the performance leap.

As a new generation of cloud-native data warehouse built from Apache Doris and running on multi-cloud, SelectDB has the core features of extremely fast, single unified, easy-to-use, and cost effective. It provides multi-cloud consistent experience and supports for most data types. Up to now, SelectDB has carried out in-depth cooperation with Alibaba Cloud, Tencent Cloud, AWS, and other well-known cloud service providers, and has serviced many enterprises in different industries.

THE RECORD OF SELECTDB

In the test results, SelectDB reached the top 1 with its strong query performance. Without any tuning, the query performance of SelectDB was No.1 on c6a.4xlarge VM in AWS with 500 GB gp2, and the performance of Hot Run and Cold Run were 35% and 25% ahead of the second respectively. In all 43 SQL statements, SelectDB got the best performance in nearly half of the query statements and become the new baselines. At the same time, the data loading efficiency of SelectDB ranked second among all products in the same machine. Before compression, 70G data writing only took 482s, and the single node writing speed exceeds 140MB/s. This ensures writing efficiency while achieving extreme query performance.

As far as query time consumption, compared with other top products, the overall query time consumption of SelectDB had decreased by 63%, 75%, 78%, 99%, and 459% respectively, and its performance is significantly ahead of similar products.

In the general list of a number of different machines and systems (including the world- famous cloud data warehouses such as Snowflake, Redshift, etc.), SelectDB still had the best Cold Run query performance and the second Hot Run query performance among all products of the same type, demonstrating a strong performance advantage.

In the test results running on the machine of c6a.metal, 500gb gp2 which was another common type, the overall query time of SelectDB in the Cold Run scenario was only 1/4 to 1/10 of that of similar products. Without any tuning, the highest query performance was nearly 11 times higher than that of similar products, showing a hugely leading edge.

SUMMARY

Today’s achievement is one of the goals for SelectDB. In November, SelectDB Cloud will launch the 2.0 version. At that time, more wonderful technologies will be shared with users. Now, users are welcome to apply for a free trial on website (http://en.selectdb.com), the experts will provide professional service for users.

Hashtag: #SelectDB

IMF Predicts Lao Economy to Grow Only 2.2 Percent This Year

According to The International Monetary Fund (IMF), Laos is estimated to grow only 2.2 percent this year, the growth rate will increase to 3.1 percent by next year and will rise to 4.3 percent in 2027.  

Small Luxury Hotels of the World Inks Strategic Brand Partnership with La Vie Hotels and Resorts

The partnership will see La Vie’s independent luxury boutique hotels joining SLH’s exclusive brand portfolio

SYDNEY, AUSTRALIA / SINGAPORE – Media OutReach – 18 October 2022 – Small Luxury Hotels of the World (SLH) is pleased to announce a strategic brand partnership with La Vie Hotels and Resorts (La Vie) to provide bespoke tailor-made hotel management services for independent luxury hotels across the Asia Pacific region. Through this partnership, SLH will complement La Vie’s bespoke management solutions for independent upper-upscale and luxury boutique hotels with global distribution, sales and marketing support, and the qualified hotels gain recognition and affiliation as members of SLH’s exclusive brand portfolio.

From left: Craig Bond (Managing Director, La Vie), Jerry Xu (CEO and Founder, La Vie),Mark Wong (Senior Vice President Asia Pacific, SLH), Shellia Chang (Group Director of Sales and Distribution, La Vie)

From left: Craig Bond (Managing Director, La Vie), Jerry Xu (CEO and Founder, La Vie),
Mark Wong (Senior Vice President Asia Pacific, SLH), Shellia Chang (Group Director of Sales and Distribution, La Vie)

La Vie is an independent Australia-based hotel management company with operations across Asia Pacific. Their owner-focused approach to operations results in a cohesive and strategic response particularly to small boutique hotels. Combining La Vie Hotel and Resorts’ innovative and diverse operational services with SLH’s global sales, marketing and distribution network creates an end-to-end solution for independent hotels to become competitive in a global travel marketplace.

With the resumption of global travel, the growth of independent hotels is on the rise as travelers look for smaller hotels offering privacy and personalisation; as well as rich and meaningful local experiences to re-connect with the environment, culture and people. SLH has always championed small hotels that focus on bespoke luxury, on individuality, independence and authentic experiences. SLH hotels are uniquely luxurious with its sense of place, staff who are genuine and sincere, and style that is warm and welcoming yet never stuffy. The properties feel like homes away from home, and together they form a supportive community for independently-owned hotels.

The first luxury hotel to join the SLH brand will be the award-winning Islington Hotel Hobart in Tasmania, Australia, who is celebrating its 175th year this year. La Vie acquired this historic 11-room hotel earlier this year and will be bringing it back to its former ‘stately’ charm. Other collaboration projects within the Asia Pacific pipeline, including an exciting new build in the stylish Surry Hills district, Sydney due to open in December, will be announced imminently.

Mark Wong, Senior Vice President Asia Pacific, Small Luxury Hotels of the World said: “As a hotel owner and operator, La Vie understands the needs and constraints of an independent hotel. Hence, our winning combination of “Act Local. Think Global.” will offer entrepreneurial management and distribution solutions that are relevant and effective for independently spirited hotels.”

Jerry Xu, CEO and Founder of La Vie Hotels and Resorts, said “We are delighted to be aligning with SLH and feel the value they will add to our boutique properties will be immeasurable. The Islington Hobart lends itself perfectly to SLH’s clientele and we look forward to adding a few more properties to SLH’s portfolio over the coming months.”

Images can be downloaded here.

Hashtag: #SLH #smallluxuryhotels #smallluxuryhotelsjp #luxuryhotels #boutiquehotels #全球奢华精品酒店 #全球奢華精品酒店

About Small Luxury Hotels of the World:

Small Luxury Hotels of the World™ (SLH) is the most desirable community of independently minded travellers and independently spirited hotels in the world. We turned the luxury boutique hotel into a phenomenon and selected the distinctive, the diverse and the downright delightful. People, places and experiences with individual character, intimate charm and inherent class. We’ve personally visited, vetted, and verified over 520 hotels in more than 90 countries. We are envisioning a future where people experience the world with intention, experience its intensity and protect its integrity. Be part of the community – join us at INVITED, visit us at , contact a travel agent or call the Small Luxury Hotels of the World VIP Desk. Click to view a full contact listing by country.

About La Vie Hotels and Resorts:

Established in 2000, La Vie Hotels and Resorts is a third-party hotel management company with operations across the Asia-Pacific region. La Vie is an owner focused operator that provides a unique ‘one-stop shop’ approach resulting in a cohesive and strategic response to their clients’ real estate objectives within hospitality. The portfolio represents a collection of diverse properties: business hotels in bustling CBD, family resorts in popular tourism destinations or boutique art hotels hidden in sought-after neighbourhoods. The group currently operates hotels across Australia, Bhutan, China, Maldives, Myanmar, Thailand, UAE and Ukraine.