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Laos Records 4,087 Dengue Fever Infections

Dengue Virus Continues to Plague Laos

Cases of dengue fever in Laos have reached 4,087 since January, according to the Lao Ministry of Health on Monday.

Kuhlmann International Introduces Affiliate Architects Program

Affiliate Architects and Interior Designers Wanted as Partners

SINGAPORE – Media OutReach – 28 June 2022 – Leading German modular interior builder Kuhlmann International has launched the Kuhlmann Affiliate Architects Program to provide primary bespoke services and products to architects and interior designers to facilitate the implementation of their creative design solutions. A leading European bespoke modular interior builder specializing in total home design solutions since 1923, Kuhlmann International is represented by TMB Pte Ltd in Singapore, which opened the first Kuhlmann Experience Centre in November 2021.

As interior carpentry and modular construction specialists, Kuhlmann International works closely together with architects and interior designers in developing their creative designs and bringing them to execution through a comprehensive array of integrated solutions based on Kuhlmann products.

The Kuhlman Experience Centre offers over 800 IP designs of interior home solutions ranging from kitchens, wardrobes, architectural accessories and furniture. As the first exclusive distributor in Singapore, the Kuhlmann Experience Centre provides a physical ‘touch and feel’ setting showcasing a kitchen, living room and a walk-in wardrobe. It also works with partner brands for high end appliances such as Hansgrohe, Miele and Liebherr to complement its services and products.

An offsite carpentry workshop manned by 15 master craftsmen handle assembly and installation work at clients’ premises. With sustainability and environmental considerations a major factor in the business operations, all materials used comply with international standards for substance control and emission.

Kuhlmann International Project Management Team

Key to the Affiliate Architects Program is the Kuhlmann project management team comprising designers, quantity surveyor, construction and project managers helmed by Project Director Sonia Anya Tay.

Armed with impressive architectural credentials, the teams bring a wealth of experience spanning commercial, retail and residential design projects. They function as the project management arm of client architects and interior designers who lack strong support or own resources. Client architects and interior designers are encouraged to provide the Kuhlmann project management teams with a brief and drawings. The project management teams then take over with these functions:

1. Provision of detailed layouts based on initial drawings
2. Sourcing for the appropriate Kuhlmann products to furnish and fit into designs
3. Cost management and budget control
4. Management of the projects from start to completion.

Besides the Kuhlmann/partner products and professional support, the Affiliate Architects Program offers participation in Kuhlmann events, privileged rates for Kuhlmann and distributor products, partnership fees for signed deals, TMB referrals from database and access to Kuhlmann database in other countries

Partnerships with Architects and Interior Designers Welcome

“Just as we welcome friendly partnerships with architects and interior designers working on projects for their clients, we are also keen to work with like-minded architects in our Affiliate Program to service our own current portfolio of high-end residential clients of bungalows and GCB properties which consists of over 800 high net worth individual clients, of which a majority are referrals,” said Benedict Choa, Chief Executive Officer, TMB/Kuhlmann International representative.

“Our Kuhlmann Experience Centre serves as a support centre for architects and interior designers to meet with their clients. The Program acts as your project management arm to take on some of the workload of architects and interior designers.”

Mr. Choa added, “A benefit to home owners and other clients is that they can also tap into The Modular Builder/Kuhlmann International pool of architects at a special rate of 20-30% below industry rate. Clients enjoy access to our distributorship of product accessories/appliances at discounted rates and main contractor services.”

To join the Affiliate Architects program, please WWhatsApp: +65 91503555 or click here.

Comments from the Kuhlmann Affiliate Architects Program:

Ivan Soh, Founding Partner at Pi Architects
Jalan Dermawan Project

There’s a comfortable synergy between the PI team and the Kuhlmann team thus far. Bouncing off ideas are a breeze as both sides are very optimistic when it comes to designing quality spaces with quality products. Clear communication between clients, Kuhlmann and ourselves have helped with the swift specifications and design process. I cannot wait for the final product to be built.

Samson Tan, Managing Director and Richie Wong, Senior Associate Director, Staarch
Kovan Road Project

We are thrilled to be partnering Kuhlmann International for our home solutions. They understand our needs and clients’ requirements very well. This has certainly enabled a smooth facilitation of our work. With the superior products from Kuhlmann coupled with the efficient service of the team, I am confident that our clients will be more than satisfied with the quality of their homes.

Facebook: https://www.facebook.com/kuhlmanninternational
Instagram: https://www.instagram.com/kuhlmann__international/
LinkedIn: https://www.linkedin.com/in/kuhlmann-international-229270210/
Pinterest: https://www.pinterest.com/Kuhlmanninternational/
URL: www.kuhlmanninternational.com

About Kuhlmann International

With nearly a century of traditional fine craftsmanship and innovation, Kuhlmann International has built a reputation for award-winning timeless modular home solutions. The Kuhlmann process is based on precise German engineering and manufacturing merged with sleek Italian design. Its parent company Boloni is based in Shanghai with showrooms in over 500 major cities in China and beyond, while Kuhlmann products are exported to over 30 markets globally.

About TMB

TMB Pte Ltd was formed in 2004 to introduce modular interior solutions for residential and commercial clients. The company specialises in converting old, tired property into high yielding hospitality real estate through a framework of customised renovations inclusive of back-end electrical set-up.

#KuhlmannInternational

Singapore Highly Raved Lingerie Brand, I’M IN Opens Its 3rd Lingerie Store

SINGAPORE – Media OutReach – 28 June 2022 – Singapore’s highly sought wireless, comfortable Asian-fit intimates brand, I’M IN, is expanding in Singapore, Malaysia and Indonesia with the recent opening of a brand new outlet in Tampines 1 – a vibrant shopping mall situated in the heart of urbanised Tampines.

Upon entering the store, it will become immediately apparent that this outlet is conceptually different from the other two outlets located in Orchard Gateway and Funan Mall, respectively. The store offers a unique, one-of-a-kind experience along with all the other features you’ve come to love about I’M IN; including the stylish decor, friendly staff, and boundless variety of intimates for you to choose from.

The highlights of this particular outlet include a changing room for intimates like you’ve never seen before. The changing room comes equipped with a “Turn On The Moon” lighting feature, which creates a relaxed and calming space for you to try on your chosen intimates in a room that is exceptionally lit up by your very own moonlight. It is specifically an experience store that allows customers to try on the lingerie before purchasing it. You can get your fittings done or items exchanged in-store because I’M IN seeks to make comfort a priority – as evidenced by both the comfy fit of the lingerie and the soothing changing room environment.

Enjoy the pleasant aroma of a fresh, fruity, and floral fragrance while browsing for the perfect intimates; ranging from the seamless bra to multiway bandeau, strapless push up bra, anti slip strapless bra and many more. The scent is a pleasing mix of perfectly ripe pears and notes of fresh freesia. Combined with some green nuances of rhubarb and the warm and subtle smell of patchouli, amber, and white musk, this fragrance is perfectly engineered to put any shopper at ease.

I’M IN wants you to enjoy your lingerie shopping experience in a calming, peaceful, and pleasant environment. The ambience of this new outlet in Tampines 1 is uniquely crafted to give you the sense of serenity and privacy you need to find the best, most comfortable Asian-fit intimates just for you.

Make a visit to I’M IN’s new outlet at Tampines 1 now, for a fresh and novel intimate shopping experience.

For more information on I’M IN, visit https://iminxx.com/

#I’MIN

Asia businesses struggle to offset losses from increased B2B bad debt, Atradius survey reveals

Alarming 60% increase in business-to-business (B2B) write-offs expected to pose a severe threat to liquidity of companies in Asia.

HONG KONG SAR – Media OutReach28 June 2022 Chasing down unpaid B2B trade debt has become a major headache for Asian companies trading on domestic and export markets. They are facing sharply increased costs to manage customer credit risk in-house and thus protect cash flow from disruption caused by the current challenging economic and trading environment.
The problem becomes even more serious with long-term unpaid B2B trade debt (more than 90 days) that is written off as uncollectable despite several attempts to receive payment. In this situation businesses struggle to find additional sales, a measure that could help to offset their losses and thus avoid putting liquidity under pressure and a company’s entire future at risk.

Severe warning signs of a mounting strain on business liquidity are evident in the staggering 60% increase in business-to-business (B2B) bad debts that could not be collected, compared to our survey in 2021. This is the major concern spelled out by businesses polled in seven markets in Asia (China, Hong Kong, India, Indonesia, Singapore, Taiwan, and Vietnam) and in the United Arab Emirates for the 2022 edition of the Atradius Payment Practices Barometer Survey for Asia.

Taiwan sounded the highest alarm, with a bad debt write-offs figure nearly three times higher than found in our past survey of the market — now at 8% of the total value of B2B invoices. Businesses in Hong Kong and Singapore also said they were taking a serious hit from increased write-offs, both seeing an average 50% increase. Another country suffering was Indonesia, with a reported 40% increase in write-offs. Vietnam was included in the survey for the first time and companies there said liquidity was being dented both by write-offs (at 6% of the total value of B2B invoices) and unpaid B2B trade debt, which was affecting around half of the B2B trade value.

A further worry for companies in the current challenging economic and trading circumstances is the difficulty of recovering profits when they are experiencing a high impact from write offs. The Atradius survey in Asia reveals that 20% more companies than in the previous year reported an increased willingness to extend credit to B2B customers. This is a signal that current market conditions are very competitive and that businesses struggle to get the additional sales revenue that would make good the losses from write-offs. The survey also found that a serious concern for companies in the months ahead is the ability to keep pace with demand (33%) as well as resilience of demand from B2B customers (25%).

All this has sparked increased awareness among most businesses polled about the importance of strategic credit risk management in B2B trade, with one in two companies across the markets polled expressing interest in insuring B2B trade receivables to mitigate the impact of customer credit risk on the business.

Andreas Tesch, Chief Market Officer of Atradius commented “The outlook for growth in Asia remains relatively robust at around 5% in both this year and 2023. But many of the region’s businesses operate across the world in the current deeply unsettled period, where the ongoing impact of the pandemic and geopolitical upheaval has meant a downward revision of the outlook for global growth to just above 3%. Companies in Asia are feeling the pinch from this widespread disruption in the global trading arena. Facing the increase in bad debt write-offs can be a warning sign of a business environment under financial stress. This certainly explains why the need for strong strategic credit management was seen to be a crucial theme throughout our survey across the region’s major economies”.

Roeland Punt, Atradius Regional Sales Director for Asia added: “Given the ongoing uncertainty in the market, we don’t expect the bad debts trend to recover quickly. The anxiety about the longer time it takes business to collect overdue payments from B2B customers remains acute. The credit management processes of companies will be put to the test, and those businesses which have a flexible and holistic approach to the issue will be better well placed to navigate the troubled waters that may lie ahead”.

The Atradius Payment Practices Barometer for Asia Pacific – June 2022 edition can be downloaded from the Atradius website at Atradius Hong Kong website (Publications section). It further provides in depth analysis of how businesses in key markets in Asia Pacific manage payment default risks related to selling on credit to B2B customers. Topics covered include: payment terms, the time it takes to collect invoices, managing payment delays, the impact of payment delays on business, and expected business trends.

About Atradius

Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries. The credit insurance, bond and collection products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. You can find more information online at

Connect with Atradius on Social Media
Twitter
LinkedIn
YouTube

#Atradius

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

Atradius survey: significant uptake of trade credit insurance across UAE

Expressing a concern over safeguarding cash flow, more businesses have turned to credit insurance than last year

DUBAI, UAE Media OutReach28 June 2022 – The latest Atradius Payment Practices Barometer Survey for the United Arab Emirates has revealed a year-on-year increase in the number of businesses adopting trade credit insurance. The majority of businesses polled cited the need to protect cash flow and minimise days sales outstanding (DSO) as primary reasons for taking out a policy. Indeed, 60% of businesses polled explained that liquidity issues were the primary reason for payment defaults. However, there was also an increase in the number of businesses choosing to use specific trade finance solutions to complement their credit insurance policy.

Despite this increase in the adoption of trade credit insurance, there was no year-on-year change in the total value of B2B sales made on credit, which remained at about half of all sales. Write-offs also held steady at 8% with no change year-on-year. Businesses across the UAE reported different reasons for offering customer credit. These ranged from the desire to grow sales with existing customers in the agri-food industry, to the need to remain competitive within regional and international markets as indicated by respondents in the ICT industry.

“The UAE has a strategically important position as the region’s commercial hub”, said Schuyler D’Souza, Managing Director Middle East at Atradius. He explained: “Although there remains a widespread preference for cash, trade credit is used to drive sales across various sectors where businesses are competing in international markets. The more widespread use of trade credit insurance in the region is likely to reflect the development of more sophisticated credit management strategies. It is the indication of a maturing market and a further example of the importance of the nation’s commercial focus.”

Overall, companies in the UAE appeared upbeat about their business outlook. The Atradius survey reported an optimistic mood among interviewees, the majority of whom anticipate an improvement in customer payment practices over the coming year. 71% (across all industries) said they expect to increase the amount of B2B credit they trade over the coming months, reflecting anticipated growth in their market share. There was also a widespread expectation that DSO would be kept under control. 53% of the total value of invoices is currently overdue, an improvement on the 60% reported in our last survey in 2021.

The exception to the positive outlook is the steel/metals industry, which has been impacted by geopolitical tensions and supply chain issues. In this year’s survey the industry reported a year-on-year increase in write offs; 12% of all B2B invoices this year compared to 9% last year. The sector also saw an increase in late payments; 49% up from 30% last year.

Atradius conducted the Payments Practices Barometer survey in the first half of 2022. Responses were collected from businesses across the UAE in agri-food, chemicals, consumer durables, electronics/ICT and steel/metals industries.

Download the full report here: https://atradius.sg/reports/payment-practices-barometer-united-arab-emirates-credit-management-strenghtening.html

About Atradius

Atradius is a global provider of credit insurance, surety and collection services, with a strategic presence in over 50 countries. The credit insurance, bond and collection products offered by Atradius protect companies around the world against the default risks associated with selling goods and services on credit. Atradius is a member of Grupo Catalana Occidente (GCO.MC), one of the largest insurers in Spain and one of the largest credit insurers in the world. You can find more information online at

Connect with Atradius on Social Media

Twitter
LinkedIn
YouTube

#Atradius

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

Cambodia Considers Monorail Project for Phnom Penh

Monorail
The KL Monorail links key destinations in Kuala Lumpur, Malaysia.

The Government of Cambodia has reviewed a feasibility study for a monorail project that would connect densely populated areas of the capital Phnom Penh.

FTT DAO raises $7 million, donated by FTX token fans

FTX Token Fans Start FTT DAO

HONG KONG SAR – Media OutReach – 27 June 2022 – FTT DAO, a community-led ecosystem DAO, has received 250,000 $FTT, worth approximately $7 million USD, in community donations to help kick start its activities.

A number of community contributors participated in the donation to help grow FTT DAO. Through this donation, which will be used as an ecosystem fund, FTT DAO plans to support upcoming community-led projects across areas such as crypto education, decentralized finance and effective altruism for the FTT community.

“As an independent, community-led DAO, fans of FTX and Sam Bankman-Fried are encouraged to follow and get involved as a BFF, a Bankman-Fried Fan, Friend or Follower” said contributor 0xMarcJ. “There are limitless opportunities for FTT DAO right now, those interested also have the option to apply for a grant for an idea or project they have in mind.”

“I’m aware of FTT DAO and it’s cool that the community is spontaneously coming together”, said Sam Bankman-Fried, CEO of FTX.

Fans can expect to see more crypto educational videos, content, and events. Donations are also earmarked for FTT-related NFT projects and further building the FTT global community and utility.

About FTT DAO:

FTT DAO is an independent, community-led DAO set up by friends, followers and fans of the FTX Token (FTT). They are fully independent of FTX, who are aware and have no objections. FTT DAOs believe in the future of crypto and digital assets, education to bridge the current gap and giving back to the world. The FTT DAO community are called “BFFs”, otherwise known as Bankman-Fried Fans/Followers/Friends. We share the same values as SBF (Sam Bankman-Fried) and support his mission to give back to society in order to make a positive impact on our world.

For more information information visit

For updates, follow FTT DAOs socials:

#FTTDAO

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

Crypto Derivatives Leader Bybit Tackles Bear Market by Settling Options in USDC

VICTORIA, SEYCHELLES – Media OutReach – 27 June 2022 – Bybit, a cryptocurrency exchange with one of the largest BTC futures open interest, is settling its options trading market in one of the world’s most trusted stablecoins: USDC. Unlike Bitcoin-settled contracts, Bybit’s use of USDC allows for stable prices for the duration of each contract.

Users of Bybit’s European-style, USDC-settled options will also benefit from the newly-launched unified margin account, which offers a completely new derivatives trading structure. Users can use all assets under their account as collateral to trade USDC options contracts as well as perpetuals.


Bybit’s portfolio margin account supports USDT, USDC, BTC and ETH as collateral, with more assets to be added soon. These functions cement Bybit’s reputation as a fully integrated trading powerhouse, with a dedicated dual server system that ensures 99.9% uptime.

Indeed, Bybit experienced a 99.99% up rate throughout the year, with 100k rps trading engine throughput and the track record of processing 30,000 transactions at its peak. Furthermore, Bybit is offering users one month’s trading at their lowest fee tier, usually reserved for VIPs. This equates to a 60% discount compared to industry standard.

As well as having the best on-screen liquidity in the market, Bybit prides itself on open, transparent communication. Its tier-based fee rate has a transparent structure with no hidden fee levels, nor hidden non-liquidation clauses either.

Options Trading in Crypto

Currently, the total crypto options volume is only a small fraction of crypto’s total derivative volume traded, contrary to traditional markets, most crypto options is margined and settled by the same currency — i.e. BTC is used both as collateral and settlement currency for BTC options. For the first time ever in crypto, Bybit offers options that are settled in USDC, which is pegged to the dollar. Bybit options also offer a portfolio margin system similar to that of SPAN.

“We have been very pleased by the roll-out of our options trading product,” said Ben Zhou, co-founder and CEO of Bybit. “We have received excellent feedback from our users too — they love our user-friendly products. Coupled with our 24/7 multilingual customer support, we have been able to help all traders take trading to the next level with a wide range of financial products. Our derivatives platform has the world’s best liquidity and tightest spread, so traders are ensured the best quote and best execution in the market even during extreme volatility.”

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit’s social media platforms on








#Bybit