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CPA Australia: Most Accountants Predict GBA Will Become World-Leading Technology Hub

HONG KONG SAR – Media OutReach – 2 September 2021 – Sixty-one per cent of surveyed accounting and finance professionals predict the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) will become a world-leading technology hub within five years, according to one of the world’s largest professional accounting bodies, CPA Australia.

With CPA Australia’s GBA Business Technology Report 2021 finding that 90 per cent of GBA businesses had undertaken at least one technology-related project in the past 12 months, it’s easy to see why most believe that the GBA will become a global technology hub in the near future. The report also reveals that fast-growing technology adoption by GBA businesses has led to a soaring demand for talent.

CPA Australia surveyed 258 accounting and finance professionals in a variety of industries in Hong Kong, Macao and the nine GBA mainland cities. Respondents were most likely to choose FinTech (44 per cent) as the technology that will improve collaboration within the GBA. Respondents are most likely to consider this technology will create more business opportunities and enhance the GBA as a global financial centre.

Mr Eden Wong, Deputy President of CPA Australia in Greater China said, “Further financial integration is likely to provide a boost to the development of the GBA as a global financial centre. Technologies may facilitate capital flow between GBA cities and encourage robust business activities.

“Take the GBA Wealth Management Connect Scheme as an example, the adoption of FinTech and other technologies will be indispensable in expanding the channels for residents in different parts of the GBA to invest in cross-boundary financial products. It will also enable banks under different regulatory regimes to open accounts for investors remotely, carry out suitability assessment processes for non-professional investors, and complete sales and transaction processes in a more efficient manner.”

According to the survey, 89 per cent of respondents expect their business to increase investment in or use of technology in the next 12 months. However, future technology preferences vary between Hong Kong and Macao and mainland GBA cities. Among respondents from the mainland GBA cities, data analytics and visualisation software was the top technology respondents expect to increase investment in or use of (45 per cent). Video conferencing and group collaboration tools were preferred by 39 per cent of Hong Kong and Macao respondents.

Dr Paul Sin, member of CPA Australia GBA Committee said, “Travel restrictions are likely to remain in place for the foreseeable future. As a result, the demand for remote collaboration tools will remain strong.

“As open and externally oriented economies, Hong Kong and Macao respondents prioritise these types of tools to enable them to collaborate and interact with non-local clients, stakeholders and employees. On the other hand, as businesses in mainland China have access to a greater pool of data, they are more likely to use data-relevant technologies such as data analytics, Artificial Intelligence (AI) and Business Intelligence (BI) to improve their business performance and meet  customer needs.

“Smaller and larger companies also have different technology plans. SMEs are more focused on tools that will enhance productivity such as cloud technology and video conferencing and group collaboration tools. Meanwhile larger companies with more data assets are more likely to increase their use of or investment in data-driven technologies to improve customer satisfaction and drive growth, such as data analytics and visualisation software, and AI.

“To encourage collaboration between companies and technology vendors in the GBA, the governments of the GBA could consider establishing a cross-border networking platform to connect companies with technology vendors.”

Although 68 per cent of respondents in the GBA believe that the current workforce in the GBA possesses moderate to high levels of technological skills, over one-third of respondents indicated that a shortage of talent is a major challenge to business technology adoption. 

Dr Albert Wong, member of CPA Australia’s GBA Committee said, “The survey findings reflect that there is a link between business performance and the technology-relevant actions businesses undertook. High-growth companies were more likely to have developed a long-term technology or digital strategy, partnered with technology companies to improve the business, or have invested in human resources such as recruiting technology talent or upskilling or reskilling the technology capabilities of staff. In addition, these companies are more likely to adopt an ecosystem approach to developing their technological capabilities.

“Talent supply and data assets are conducive to creating a sustainable ecosystem to nurture more technology companies in the GBA and to support the digital strategies of non-tech businesses. We suggest that GBA governments consider introducing more resources and policies to attract and retain tech-savvy talent or to upskill or reskill the current workforce with the relevant technology skills.

“In addition, clear guidance on data usage and cross-boundary data flow should be established to facilitate data sharing in the GBA. A clear data policy will lead to greater adoption of data-driven technologies in businesses. A pilot may be considered for facilitating the formulation of an appropriate cross-boundary data management mechanism and the demonstration of its working.”

About CPA Australia

CPA Australia is one of the largest professional accounting bodies in the world, with more than 168,000 members in over 100 countries and regions, including more than 20,000 members in Greater China. CPA Australia has been operating in Hong Kong since 1955 and opened our Hong Kong office in 1989. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at cpaaustralia.com.au

#CPAAustralia

Yanchang Petroleum International’s Two Ordinary Resolutions Were Passed by Shareholders

Receives US$22 Million Loan from Controlling Shareholder to Support Capacity Expansion Plan for Canadian Novus

HONG KONG SAR – Media OutReach – 2 September 2021 – Yanchang Petroleum International Limited (“Yanchang Petroleum International” or the “Company”; Stock Code: 00346) announced that two ordinary resolutions as proposed by the Company were duly passed at the Special General Meeting. Pursuant to which, Yanchang Petroleum Group (Hong Kong) Co., Limited (“Yanchang Petroleum HK”) conditionally agreed to provide the loan of US$22,000,000 (equivalent to approximately HK$170,675,000) to the Company for a term commencing from the Utilisation Date and expiring on the third anniversary of the Utilisation Date, at the interest rate of 4.8% per annum.

 

In order to seize the favourable opportunity of rising international crude oil prices and of significantly improving market demand for petroleum in the North American market, the Company is making an effort to optimise production and operation arrangements, as well as increase in the production capacity and sales of crude oil. The loan will enable the Company to obtain adequate funds to meet Novus’ financial needs for expanding its production capacity, with approximately 92.6% of the loan amount (representing approximately HK$158.0 million) to be used for the drilling of the 26 new oil wells and approximately 7.4% of the loan amount (representing approximately HK$12.7 million) to be used as general working capital of Novus.

 

Mr. Feng Yinguo, Chairman of Yanchang Petroleum International, said, “The loan demonstrates the continuous financial support provided by our controlling shareholder to the Group. The Group will seize the favourable environment of the structural recovery of international oil and gas industry and propel production and operation, business expansion, quality and efficiency improvement, introduce strategic investors and other works to lay a solid foundation for the long-term development of the Company in future, maximising returns for our shareholders.”

 

Yanchang Petroleum HK is wholly owned by Shaanxi Yanchang Petroleum (Group) Co., Limited (“Yanchang Petroleum Group”), holding 69.19% of the issued share capital of the Company. The principal activities of Yanchang Petroleum HK are investment holding and trading of crude oil. Novus is a wholly-owned subsidiary of the Company in Canada, engaging in the business of exploration, exploitation and production of oil and natural gas in Western Canada.

 

About Yanchang Petroleum International (Stock Code: 00346)

Yanchang Petroleum International is principally engaged in the following activities (i) exploration, exploitation and operation of oil and gas; and (ii) fuel oil trading and distribution. In its upstream operations, Yanchang Petroleum International possesses operating oilfields in Saskatchewan and Alberta, Canada, through its wholly owned subsidiary Novus, a Canadian enterprise. Novus engages in the business of acquiring, exploring for, developing and producing crude oil and natural gas. In its downstream operations, Yanchang Petroleum International is principally engaged in wholesale, retail, storage and transportation of oil products through its 70% owned subsidiary, Henan Yanchang Petroleum Sales Co., Limited, and which has been granted valid licenses for distribution and sales of oil products in China. The Group also established oil products trading companies in Zhoushan, Zhejiang and Shenzhen, China, respectively, for expanding its oil products trading business which will become a new profit driver.

For details, please refer to http://www.yanchanginternational.com

#YanchangPetroleumInternational

Laos Confirms 170 New Cases of Covid-19

Covid-19 update

Laos has confirmed 170 new cases of Covid-19, bringing the total number of cases to 15,459.

OPPO Further Strengthens Its 1 Hour Flash Fix Service

SHENZHEN, CHINA – Media OutReach – 2 September 2021 – OPPO has launched their ‘Fast Campaign–1 Hour Flash Fix Service’ in Thailand, Philippines, Cambodia, Pakistan, Egypt, Algeria, Kenya, Morocco to provide faster phone repair service experience to their phone users.

 

Since the introduction of ‘1 Hour Flash Fix Service’ in 2019, OPPO has made it possible for users to have their phones repaired as quick as one hour or less at the OPPO Service Center that supports Flash Fix service. The upgraded after-sales initiative aims to elevate customer’s experience under OPPO’s service motto “care what you care, within your reach” that empowers users to get their phones repaired within a short period of time.

 

The ‘Fast Service Campaign’ have two core components where in August 2021, OPPO’s customers are encouraged to provide feedbacks after experiencing the Flash Fix service as ‘1 Hour Experience Officers’ and in July, the company launched a month-long online contest that aimed at improving their technical engineers’ skills and motivating them to provide fast and high-quality repair service to the phone users.

 

During the ‘1 Hour Experience Officer Project’, for customers who came to OPPO Service Center to repair their phones and went through the ‘1 Hour Flash Fix Service’, they would be invited to play a role as 1 Hour Experience Officers and share their experience or suggestions. OPPO regards customers’ feedback as the backbone to the brand’s commitment on improving their after-sales service for better customer experience.

 

OPPO invested in training their technical engineers with professional skills to provide this high-quality fast repair service. To this end, OPPO held a month-long contest online in July where a total of 1348 OPPO technical engineers from around the world participated to enhance their service capabilities to meet the increasingly diversified needs of users. The contest examined the engineer’s skills in welding completion process and the use of corresponding tools through the theoretical examination, phone disassembly, troubleshooting practice and interview. And finally, OPPO is proud to announce that KRISHNARAJ.R from India, with 5-year experience in the company, stood out after three rounds of competition.

 

OPPO will uphold the core manifesto “Care & Reach” and constantly strive to provide trustworthy service throughout users’ experience journey by delivering human-centric experience that surpasses customer expectations and empowers users to elevate their lives through technology. 

 

For more information, please visit https://support.oppo.com/ or follow @OPPOCare

 

Dettol Crowned ‘Outstanding Comprehensive Health & Personal Care Product Brand’ at Health Partnership Awards 2021 in Hong Kong

HONG KONG SAR – Media OutReach – 2 September 2021 – Reckitt Hong Kong is proud to announce Dettol is named ‘Outstanding Comprehensive Health & Personal Care Product Brand’ at the Health Partnership Awards 2021. The Health Partnership Awards is themed ‘A Healthier Tomorrow’ this year, aims to raise people awareness of lifelong health and wellness, which perfectly connects with Dettol’s brand mission.

 

 

(First left) Ms. Pam Mak, President of Hong Kong Small and Medium Enterprises Association presented the award trophies to representatives from Reckitt Hong Kong (left to right) Ms. Annie Zong, Senior Brand Manager, Ms. Maggie Chan, Head of External Affairs and Ms. Joyce Li, Assistant External Affairs Manager.

Reckitt is always driven by its purpose to put people first so as to protect, heal and nurture in the relentless pursuit of a cleaner and healthier world. As one of Reckitt’s leading brands in Hong Kong, Dettol not only strives to provide a variety of trusted products for personal and family health and hygiene but also becomes the influential leader building a more caring and resilient community through meaningful social impact programs.

 

Launched in 2021, the award-winning campaign ‘#KeepProtecting’ is a territory-wide movement to pay tribute to the unsung ‘City Heroes’ who shared the strongest love during the toughest time of the pandemic around us. Dettol searched and discovered 23 stories of the ‘City Heroes’ from different backgrounds, occupations and nationalities but with one united goal – to protect others’ lives and keep our city running. Through the 3-month sharing of these protecting stories on social media, public was not only being engaged in an emotional manner but also being encouraged to keep a positive spirit despite the difficult time, and to keep protecting the people around them with love.

 

“It’s an honour to be recognised for our ongoing efforts to make a positive difference in the community,” said Ms. Christie Lee, Reckitt Hong Kong’s Marketing Manager. “As one of the world’s most trusted disinfectant brands, Dettol does not only protect people’s health, but also become the protector of their every moment. Throughout the pandemic, we help ensure health and hygiene in families and communities, as well as receiving extensive resonance with the public in the spread of the positive spirit of keep protecting each other by sharing the stories of unsung ‘City Heroes’.”

 

Hosted by ETNET, a prominent local media in Hong Kong, the Health Partnership Awards covers eight categories and recognises 26 companies for their outstanding achievements in making efforts and contributions to promoting public health and bringing excellent products and services. The award is selected by leaders from different professions and fields by assessing the companies in diversified facets including reputation, innovation, quality, benefits, and corporate social responsibility. 

About Dettol

The brand first started in hospitals 80 years ago, where Dettol Antiseptic Liquid was first used for the cleaning and disinfection of skin during surgical procedures. As a trusted brand by doctors, Dettol was also used to protect mothers from illness after childbirth.

Ever since then, Dettol has been trusted around the world to help prevent wounds from infection, prevent sickness and help mums protect their families by killing harmful germs and helping to create safe environments for them to thrive in.

The brand continues to be one of the most trusted protectors of health. It’s still valued today as a reliable and effective product which is safe to use on skin but also powerful enough to use for environmental germ-killing tasks.

Dettol is world #1 Germ Protection brand. Dettol also ranked first in Sales Value (HK$) in the Hand Wash segment of Liquid Soap category for the 10-year period.

For more information, please visit: https://www.dettol.com.hk/en/

About Reckitt

Reckitt* exists to protect, heal and nurture in the relentless pursuit of a cleaner, healthier world. We believe that access to the highest-quality hygiene, wellness and nourishment is a right, not a privilege.

Reckitt is the company behind some of the world’s most recognisable and trusted consumer brands in hygiene, health and nutrition, including Air Wick, Calgon, Cillit Bang, Clearasil, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and more.

Every day, more than 20 million Reckitt products are bought globally. We always put consumers and people first, seek out new opportunities, strive for excellence in all that we do and build shared success with all our partners. We aim to do the right thing, always.

We are a diverse global team of more than 43,000 colleagues. We draw on our collective energy to meet our ambitions of purpose-led brands, a healthier planet and a fairer society.

Find out more, or get in touch with us at www.reckitt.com

*Reckitt is the trading name of the Reckitt Benckiser group of companies

#Reckitt

Eat With Your Family Day supports families in need amidst COVID-19

SINGAPORE – Media OutReach – 2 September 2021 – As part of a community effort to build stronger family bonds amidst COVID-19, 20 families in need living in Yishun will receive home-delivered meals on Eat With Your Family Day (EWYFD) on Friday, 3 September 2021.

The meal delivery is organised by Centre for Fathering, DADs for Life and MUMs for Life, in partnership with MWS Family Service Centre – Yishun. Each family will receive a meal for five persons sponsored by The Social Kitchen and delivered by DADs for Life volunteers.

“Research has shown that children who eat with their parents thrive emotionally, socially and academically. During this challenging COVID-19 season, many families have to put in more effort to juggle between making a living and caring for their loved ones and may not be able to deliberately put aside time for family bonding. We hope this meal delivery will provide them with an opportunity to eat together and catch up with each other,” said Mr Bryan Tan, CEO of Centre for Fathering, DADs for Life and MUMs for Life.

“Eat With Your Family Day kickstarts Families for Life’s (FFL) My Family Weekend in September every year. We hope that while employers allow their staff to knock off from work at 5pm that day, employees will also make the conscious decision to choose family time and have dinner with their families. They can also tune in to FFL’s Facebook live after dinner, where there will be fun games to entertain the whole family. Family time extends to the weekend and families can check out FFL’s website for activities organised by our partners. We hope that through these activities, families make it a habit to carve out regular family time amidst their busy schedules”, shared Families for Life Council Chairman, Mr Ishak Ismail.

Device-free family times

 

As companies across the world request for employees to work from home in response to COVID-19, many employees may feel like they are living their life almost exclusively through the screen. After working on a computer all day, they could still be on their devices – catching up with friends over Zoom, watching dramas or scrolling through social media feeds.

As the lines between work hours and time at home are increasingly blurred, it is important for families to be intentional about the time they spend on devices and schedule screen-free breaks when they move away from the computers and phones and be present with each other. EWYFD offers an opportunity for families to get together to bond over a meal and some fun after-dinner activities organised by Families for Life for My Family Weekend on 3 September 2021.

“In the last year and a half of the pandemic, our devices have been our primary connection to our family, friends and the outside world. Many of us, children and parents alike, have found ourselves increasing our screen time usage, sometimes to the detriment of our health and relationships. Through EWYFD, we hope families will take time off screens, to disconnect in order to connect, and enjoy family bonding over a meal. Let’s put down our devices and make meal time, family time.” said Mr Lock Wai Han, Chairman of the Media Literacy Council. 

 

About EWYFD

 

EWYFD was launched in 2003 by Centre for Fathering to encourage organisations to arrange for employees to leave work at 5pm so that they can eat with their families. The initiative also aims to remind parents to put aside time to eat with their children regularly.

 

Held on the last Friday of each school term, the dates for EWYFD 2021 are 12 March, 28 May, 3 September and 19 November. EWYFD is a joint effort by Centre for Fathering, MUMS for Life and DADs for Life, in partnership with Families for Life and in support of the Made For Families initiative.

                        

Special EWYFD offers and workshops


In addition, EWYFD 2021 is also offering:

  • Special deals from merchants islandwide which provide families with more food, retail and fun options for family outings;
  • Complimentary fathering and parenting workshops conducted by Centre for Fathering;

For more information on EWYFD deals and complimentary workshops, go to fathers.com.sg/ewyfd.

About Centre for Fathering, DADs for Life and MUMs for Life

Centre for Fathering (CFF) is a non-profit organisation founded in 2000 to promote active and involved fathering and address issues caused by fatherlessness in Singapore. The organisation aims to turn the hearts of children towards their fathers by empowering more fathers to be better role models and an enduring inspiration to their children.

Since 2015, CFF has been the driving force for Singapore’s nation-wide fathering movement – DADs for Life which seeks to inspire and mobilise fathers to become more involved with and a good influence to their children… for life. Under the DADs for Life umbrella are initiatives such as Back to School with DAD, Eat With Your Family Day and Celebrating Fathers – to encourage fathers to spend time with their families and create a culture that promotes active fathering.

MUMs for Life celebrates a mum’s unique identity as a woman and her irreplaceable roles as a daughter, wife and mother. When Mums are confident in their unique identity and multiple roles, they can better nurture our children and support DADs in building a stronger family in an increasingly complex world.

CFF is Made For Families

CFF is proud to be part of the ecosystem supporting families in Singapore, and identify ourselves as an organisation that is Made For Families. Made For Families represents the different ways – big and small – in which Singapore supports families. Companies, organisations and community groups can adopt the brand mark to identify themselves as promoting the value of family in our society. Together, we can build a society that is Made For Families, by laying a foundation of support, from family-friendly spaces and workplaces, products and services, and family-bonding activities. Visit go.gov.sg/MadeForFamilies for more information.

#CentreforFathering #EatWithYourFamilyDay #EWYFD

UniPin Collaborates with Genshin Impact to Connect with More Gamers in the Southeast Asia Market

Genshin Impact is on UniPin to facilitate top up access for gamers in all region, followed by a series of special events for gamers in four countries

BANGKOK, THAILAND – Media OutReach – 2 September 2021 – The leading digital entertainment enabler – UniPin announces the collaboration with the renowned, award-winning Open-World ARPG title, Genshin Impact, to strengthen its market share in Southeast Asia. The collaboration will provide easier top up access to Genshin Impact’s users, starting this September across 4 countries in Indonesia, Malaysia, the Philippines, and Thailand.

Genshin Impact is on UniPin to facilitate top up access for gamers in Southeast Asia, followed by plenty of exciting events.

Since its release, Genshin Impact has become the most downloaded mobile game in 30 countries. It is also the top ranking game performer in the Philippines, Singapore, Thailand, Vietnam and Indonesia.

 

The collaboration will enable Genshin Impact players to top up their game or purchase in-game items through UniPin’s website and other affiliated channels.

 

There will be a series of special events surrounding the content creation for Genshin Impact via UniPin’s social media channels. It will include fan art creators and illustrators, skill showcases, and Windblume Festival with rewards worth millions UniPin Credits.

 

Ashadi Ang as CEO of UniPin announces that the collaboration of Genshin Impact and UniPin made possible due to both parties’ vision to give the best gaming experience that is widely accessible and fun for all Southeast Asia gamers and fans.

 

“UniPin and Genshin Impact uphold the same commitment in developing the gaming scene in Southeast Asia. The increasing popularity of Genshin Impact will be supported by the broad spectrum of UniPin’s services in all Southeast Asian countries. Therefore, we are optimistic to provide the best gaming experience,” said Ashadi Ang.

 

Following the collaboration, fans can also enjoy content creation on Genshin Impact such as manga & cosplay competitions with fabulous prizes. Information regarding the collaboration and campaign can be accessed through UniPin’s official social media account and website at www.unipin.com.

 

For more photos references, please kindly visit here.

 

About UniPin

For more information, please visit http://corp.unipin.com.


#UniPin


About Genshin Impact

For more information, please visit https://genshin.mihoyo.com/en/

#GenshinImpact

Chinese National Shot During Evening Commute in Vientiane Capital

Chinese national rushed to hospital after shooting in Vientiane Capital
Vientiane Rescue 1624 rush a Chinese national to hospital after a shooting in Vientiane Capital.

A Chinese national has been shot and seriously injured while returning home by motorcycle in Vientiane Capital.