27 C
Vientiane
Monday, June 9, 2025
spot_img
Home Blog Page 2665

Chubb Appoints Tulio Puente as Division Head of International Personal Lines in Singapore

SINGAPORE – Media OutReach – 2 December 2021 – Chubb announced today that Tulio Puente has been appointed as Division Head of International Personal Lines (IPL) in Singapore, effective 22 November 2021. Mr. Puente will report to Scott Simpson, Country President for Chubb in Singapore.

 

In his new role, Mr. Puente will be responsible for the overall growth and management of Singapore’s IPL division which includes the following lines of business: Personal Risk Services which provides coverage for fine homes and valuables, Residential insurance, and Specialty coverage such as personal cyber and gadgets protection. He will continue to deepen existing and forge new affinity partnerships, as well as drive multi-channel distribution opportunities.

Mr. Puente joined Chubb in 2014 and has held various roles with increasing responsibility and in Latin America and the Asia Pacific. His career with the company includes experience in underwriting, portfolio management and business control for Consumer Lines, data analytics for the Direct Marketing team and most recently, underwriting for Speciality Personal Lines.

 

Prior to joining Chubb, Mr. Puente worked as an Economist for the Central Bank of Mexico, and in the telecommunications industry in China.

 

On Mr. Puente’s appointment, Mr. Simpson commented, “Tulio is a highly strategic and forward-thinker, focused on customer-centricity to deliver tailored solutions and best-in-class service to our partners and customers. Given his rich experience in the Consumer Lines business coupled with his keen business acumen, I am confident in his capabilities to propel our IPL business forward and value-add to our local team, business partners and their customers”.

 

About Chubb Singapore

Chubb is the world’s largest publicly traded property and casualty insurer. Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides underwriting and risk management expertise for all major classes of general insurance. The company’s product offerings include Financial Lines, Casualty, Property, Marine, Industry Practices as well as Group insurance solutions for large corporates, multinationals, small and medium-sized businesses. In addition, to meet the evolving needs of consumers, it also offers a suite of tailored Accident & Health and Personal & Specialty insurance options through a multitude of distribution channels including bancassurance, independent distribution partners and affinity partnerships.

Over the years, Chubb in Singapore has established strong client relationships by delivering responsive service, developing innovative products and providing market leadership built on financial strength.

More information can be found at www.chubb.com/sg.

#ChubbSingapore

CUHK Business School Research Finds Rents in Asia-Pacific Fell Dramatically but Property Prices Stayed Strong During the Pandemic

HONG KONG SAR – Media OutReach – 2 December 2021 – Empty office buildings, hotel rooms and shopping malls – these are the facts of life in the post-pandemic new normal. They are also the results of social distancing measures as well as government-imposed lockdowns implemented around the world to lessen the spread of COVID-19, the effects of which have rippled across real estate markets in Asia. It is with this in mind that a recent study found that property prices in the overall market for much of the Asian Pacific region remained stable. However, within the different segments of the real estate, the market witnessed a refocusing from some investors towards strategies involving deployment of capital towards sectors of industry that actually benefited from COVID-19.

Source: iStock

 

The study The COVID-19 Pandemic and Commercial Property Rent Dynamics was co-written by Dr. Ervi Liusman and Prof. Desmond Tsang, Lecturer and Associate Professor, respectively, in the School of Hotel and Tourism Management at The Chinese University of Hong Kong (CUHK) Business School. Based on data from global real estate consultancy JLL, the study examined rental figures and property prices of 38 cities in 12 countries and jurisdictions in the Asia-Pacific region, including Hong Kong, Singapore, Tokyo and Kuala Lumpur. The property sectors included office, retail, industrial and residential. They then analysed the trends in rents and property prices in the regions.

 

According to the study, rents of properties across these sectors fell approximately 15 percent on average across the Asia-Pacific region in the first six months of 2020, coinciding with the beginning of the pandemic. Office rentals recorded moderate declines of approximately 14 percent. However, the most significant and continued declines in rent was found in retail properties, such as shopping malls, which fell over 30 percent in the period. The study found a negative relationship between the number of COVID-19 confirmed cases and deaths and market rent in the region. Interestingly, property prices in the overall market did not fall despite the drastic drop in rents.

 

Flight to Quality

According to the study results and anecdotal evidence, overall property prices in the Asia Pacific remained strong despite the surge in COVID-19 cases with less focus on retail investment and more and of a focus into the residential and industrial properties sectors.

 

At the start of the pandemic, the researchers say the social distancing measures and lockdowns implemented in response to the pandemic forced people to stay at home and consequently led to a boom in e-commerce at the expense of demand in physical retail stores. Many stores also had to close down and without stable rental income, and landlords or investors became more likely to sell retail properties in their portfolios. This simultaneous movement in both sides of supply and demand meant retail real estate prices saw a significant drop.

 

In response, investors redistributed their capital allocation strategies within the overall property market, taking more defensive strategies amid the pandemic, according to the researchers. That is, they reallocated funds to sectors that can better withstand the uncertainties brought by the pandemic, such as by investing in data centres, factories and warehouses. Given the prolonged COVID-19 pandemic, it was natural for many investors to have concerns about the eventual prospect of the retail property market, which is why they chose to put their money in other property sectors.

 

“What we are seeing could be a ‘flight to quality’ phenomenon, where investors are abandoning risky assets such as retail properties and choosing to invest in safer options, like data centres or warehouses,” says Dr. Liusman. “Demand for real estate is a derived demand, which means it’s based on demand for something else, and people still need space for production and consumption. With consumers shifting their purchases to e-commerce, online companies will need space to run their businesses as well as for logistics, hence the rosier prospects for industrial as well as other types of non-retail property.”

 

She adds that supply within the industrial property sector has remained tight with robust demand. E-commerce platforms, technology and telecommunication companies, food and drinks operators and pharmaceutical companies – all of which require industrial warehousing and factory space to run their operations – were likely to have been the driving force for the strong demand witnessed in this sector.

Government Intervention

To deal with the unprecedented crisis brought by the COVID-19 pandemic, governments worldwide have implemented different support programmes to restore their economies, as shown in a report published by the International Monetary Fund.

 

The researchers investigated the fiscal stimuli packages carried out by governments in the Asia-Pacific countries. For instance, China announced an estimated 4.9 trillion Chinese yuan in fiscal measures, including tax relief and reduced social security contributions. The researchers examined how different stimuli affected different markets in the Asia Pacific region.

 

They found that government fiscal stimuli had a positive effect on reducing declines in property rents. However, they also discovered that this positive effect had already worn off by the time the announced measures got around to being implemented. They explained that government fiscal stimulus packages seem to be effective in mitigating the negative impact of the pandemic but this seemed to work at least as much through helping to restore confidence in the property market as the financial aspect of the measures themselves.

 

“It would seem that it is the announcements of those grand schemes of fiscal stimuli that weakened the fall in rents. What this means is that the governments’ initial response may be what matters more in restoring investor confidence than what the governments actually do to help the economies,” Prof. Tsang says.

 

Hunting for Bargains

The researchers believe that their research findings can provide valuable implications on how the pandemic has affected the global property environment. “Due to the diverse nature of real estate, the impact of the COVID-19 pandemic varied significantly across different regions and sectors. While some property sectors like retail and hotels may have been negatively impacted by the pandemic, other sectors were relatively stable,” Dr. Liusman says. “As an investor, it is important to examine the market demand for a particular sector when selecting the investment portfolio.”

 

Dr. Liusman notes that while periods of economic crises generally presented good opportunities for investors to bargain-hunt, during the current pandemic property owners in the overall market shied away from slashing prices to offload their assets. She explains that one reason may be due to the government fiscal stimulus packages helping to restore investor confidence. Another possibility is perhaps because those building owners had deep pockets and did not feel an urgency to sell their properties.

 

Commenting on future research directions, the researchers said further research could be focused on how the property market has reacted to the recovery from the pandemic. Additional research may also consider looking into any potential relapse in the property market due to the discovery of variants of the COVID-19 virus.

 

Reference:

Allan R, Liusman E, Lu T, Tsang D. The COVID-19 Pandemic and Commercial Property Rent Dynamics. Journal of Risk and Financial Management. 2021; 14(8):360. https://doi.org/10.3390/jrfm14080360

 

This article was first published in the China Business Knowledge (CBK) website by CUHK Business School: https://bit.ly/3oU8fiG.

 

About CUHK Business School

CUHK Business School comprises two schools – Accountancy and Hotel and Tourism Management – and four departments – Decision Sciences and Managerial Economics, Finance, Management and Marketing. Established in Hong Kong in 1963, it is the first business school to offer BBA, MBA and Executive MBA programmes in the region. Today, CUHK Business School offers 9 undergraduate programmes and 18 graduate programmes including MBA, EMBA, Master, MSc, MPhil and Ph.D. The School currently has more than 4,500 undergraduate and postgraduate students from 20+ countries/regions.

In the Financial Times Executive MBA ranking 2021, CUHK EMBA is ranked 19th in the world. In FT‘s 2021 Global MBA Ranking, CUHK MBA is ranked 48th. CUHK Business School has the largest number of business alumni (40,000+) among universities/business schools in Hong Kong – many of whom are key business leaders.

More information is available at http://www.bschool.cuhk.edu.hk or by connecting with CUHK Business School on:

Facebook: www.facebook.com/cuhkbschool

Instagram: www.instagram.com/cuhkbusinessschool

LinkedIn: www.linkedin.com/school/cuhkbusinessschool

WeChat: CUHKBusinessSchool

#CUHKBusinessSchool

Denver International Airport (DEN) opens the United States’ largest Self-Bag Drop (SBD) installation in cooperation with Materna IPS, United Airlines, and Southwest Airlines

DENVER, US – Newsaktuell – 1 December 2021 – Denver International Airport (DEN) has successfully completed Phase 1 of its Great Hall Project. The newly renovated Level 6 has received rave reviews from passengers and airline staff ahead of the travel season specifically praising the user friendliness of the 86 new self-bag drop (SBD) systems developed by Materna IPS.

 

With over 73 million passengers expected to travel through DEN in 2022, the opening of the 86 self-bag drop systems perfectly aligns with the airport’s extensive technological redevelopment project; and is designed to provide passengers with the best check-in experience, including the ability to check-in over-sized luggage, like skis and snowboards. The unique hybrid self-bag drops are also equipped with counters and can be operated by the airline staff, when needed. This gives the airport the increased flexibility to meet the growth demand. Materna IPS developed the self-service systems according to the exact requirements of the airport with various partners and equipped them with state-of-the-art technology.

 

This project is the largest and most extensive hybrid self-bag drop (SBD) installation in the United States. The systems went live with Southwest Airlines early in November 2021 followed by United Airlines a week later. Within the first two weeks, over 35,000 bags have been processed with the newly integrated automatic baggage handling system. The Materna IPS systems were able to decrease the average passenger transaction time at DEN by nearly 50% during this period.

 

In addition to the hardware solution, Southwest Airlines will be using the Materna IPS SBD Application to operate the new automated baggage handling process. Materna IPS will also be responsible for hosting the self-bag drop system within the AWS Cloud where the availability and functionality of the SBD units are constantly monitored.

 

With the outstanding successful implementation of this major project at Denver International Airport, Materna IPS continues to strengthen its leading position in the American market and is expanding its international growth. Gary McDonald, president of Materna IPS USA, reiterates, “Everyone involved is absolutely honored to be part of this incredible, groundbreaking and innovative project that is revolutionizing passenger handling in the U.S. at one of the busiest airports in the world.”

About Materna IPS USA Corp.

Materna IPS USA Corp. based in Orlando, Florida, as one of the most renowned suppliers for airports and airlines around the world, delivers solutions for automated passenger handling at airports. The company’s range of products and services is comprised of hardware and software implementations as well as service and maintenance. Materna IPS USA is part of Materna IPS GmbH – a 100% subsidiary of the Materna Group – with its headquarters in Germany. The international branches in the USA, Canada, India and the United Kingdom enable Materna IPS to support their customers individually and to react quickly and professionally to market requirements. The Materna Group currently employs more than 2,600 people around the world and generated sales of over a third of a $billion in 2020.

#MaternaIPS

Carousell Recommerce Index on The Growth of Secondhand Trading Market Towards Sustainable Consumption

Pragmatism and pandemic disruptions pave the way for greater acceptance across Fashion, Electronics and Autos categories

HO CHI MINH CITY, VIETNAM – Media OutReach – 1 December 2021 – Carousell Group , the leading classifieds group in Greater Southeast Asia, addresses the issue of overconsumption in its inaugural Carousell Recommerce Index 2021, a Carousell Green initiative to highlight the importance of sustainability and recommerce in the Greater Southeast Asia region. The report covers findings from four Carousell Group brands namely Carousell, Chợ Tốt, Mudah and OneKyat, across eight markets – Hong Kong, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Taiwan and Vietnam, involving over 3,000 buyers and sellers.

 

According to the survey on Chợ Tốt in the Vietnam market, secondhand shoppers tend to buy Electronics such as computers, mobile phones, tablets, cameras and TVs, accounting for more than 65% of the total number of respondents. Similarly, pre-owned electronics are also the item which have the most sellers, accounting for 69% of the total number of respondents. Buying, selling and using secondhand goods help bring income to sellers and cost-saving benefits for buyers.

 

As for motivations for buying second-hand, 83% of Vietnamese respondents who have purchased secondhand items cite “value for money” as the top reason. On the contrary, 17% of Vietnamese respondents who have yet had experience buying secondhand items mentioned authentication or warranty on products will motivate them to buy secondhand —which aligns with Chợ Tốt’s recent efforts in launching the Escrow feature, giving users a secure method of authentication when depositing high-value items.

 

Overall in the region, Fashion remains the most in-demand category at 29%, with Women’s Fashion dominating the top spot across the region, and Men’s Fashion becoming increasingly popular. However, Vietnam witnessed a slightly different trend. In 2018-2019, Fashion ranks in the top 3 categories with the most active users for secondhand. By 2021, Fashion’s top position has been replaced by Household Appliances, Furniture and Plants due to the upsurge of tables, chairs, drawers, and household plants’ demand. This shows the promising future of Household Appliances, Furniture and Plants in the Vietnamese re-commerce market.

 

On the contrary, the Vehicles category has consecutively held the top position in terms of the most secondhand listings and the most demand for secondhand from 2018-2020. This category is expected to be the driving force for growth since more individuals look for ways to own private transport without the financial burden.  

 

Since the outbreak of the Covid-19 pandemic, many social distancing directives have been implemented in Vietnam, causing some interesting changes in consumption trends. Laptops and desktops have become the two top most searched keywords on Chợ Tốt for both new and secondhand items. This was due to the fact that major lockdowns have increased the number of people working from home, leading to the surge of laptops and desktops to support remote working.

 

Social distancing makes many Vietnamese people adopt a healthier lifestyle. As people can only travel within short distances during lockdown, this has led to a rapid increase in demand for bicycles, which are not only affordable but also a safe way to commute to nearby areas. Besides, items for recreational purposes during lockdown, such as video games and books, grew significantly and entered the list of the most-searched keywords.

 

In the growing trend of buying-selling second-hand items, Carousell continues to make headway in fostering community while promoting secondhand. This includes Chợ Tốt’s Sharing Market campaign, which was inspired by generous users who listed items for free using the hashtag #chosechia. This campaign is a new initiative of Chợ Tốt during the social lockdown period, calling for donations of unused items to people who are suffering from the pandemic to help spread love and build circular consumption behaviors. In Singapore, Hong Kong, Taiwan, Malaysia and the Philippines on Carousell, as well as OneKyat in Myanmar, similar campaigns have been devised to promote the Free Items category.

 

“In the past 8 years, Cho Tot has made the experience of   buying and selling secondhand items more convenient. We are constantly striving to create a reliable and engaging re-commerce marketplace, where everybody can buy second-hand at the first choice and help to reduce the manufacturing waste and the impact on the environment , ” Mr. Nguyen Trong Tan – CEO Cho Tot (Carousell in Vietnam) shared.

 

The Carousell Recommerce Index (2021 Report) is available for download here.

About Carousell Group

Carousell Group is the leading classifieds group in Greater Southeast Asia on a mission to inspire the world to start selling, and to make secondhand the first choice. Founded in August 2012 in Singapore, the group has a leading presence in eight markets under the brands Carousell, Mudah.my, Cho Tot and OneKyat, serving tens of millions of monthly active users. Carousell is backed by leading investors including Telenor Group, Rakuten Ventures, Naver, STIC Investments and Sequoia Capital India. Visit here for more information.

About Chợ Tốt

Cho Tot (www.chotot.com) is part of Carousell, one of the world’s largest and fastest growing marketplace platforms in Southeast Asia. With more than 50 million visits/month, Cho Tot is the leading online classifieds site in Vietnam with a wide range of products: Property, Vehicle, Electronics, Blue Collar Jobs, Pets, Home Appliances, etc. Visit www.chotot.com for more information.

#CarousellGroup #ChợTốt

Ev Dynamics Announces Robust Sales Performance and Business Growth Progress

Increase of 38.14% in Sales of Electric Vehicles

HONG KONG SAR – Media OutReach – 1 December 2021 – Ev Dynamics (Holdings) Limited (the “Company”, Stock Code: 476, together with its subsidiaries, collectively “Ev Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, is delighted to announce the robust sales performance and business growth progress attained this year and proven by its interim results for the six months ended 30 September 2021 (the “Reporting Period”), attributed to the international efforts made by the Company.



Ev Dynamics is beginning to fulfill its 12-meter E-Bus orders in Europe as delivery is set in motion

During the Reporting Period, the Company recorded revenue of approximately HK$29.7 million (30 September 2020: HK$21.5 million) derived from the sale of electric vehicles and an increase in sales orders. This year, Ev Dynamics has continued to enhance its research and development capabilities as well as its efforts on international sales, and as such the Company has been able to maintain an upward trend on the sales turnover successfully.

 

In recent months, the Company began to work with its strategic partner, Quantron AG (“Quantron”), a German-based company engaged in inner-city e-mobility and regional freight and passenger transportation, to tap into the European market with its 12-meter E-Bus model as a key solution to replace diesel buses currently used in public transportation services. The delivery and fulfilment of the first E-Bus orders to Europe have already begun, with additional sales order on the climb. The Company has also delved into the Belt and Road regions in the past year with several eco-friendly initiatives, such as a cooperation with GET Worldwide, Inc., a provider of new-energy vehicles and integrated technology solutions, to provide a long-term supply of COMET electric buses, to be used as eco-friendly public transportation in the Philippines.

 

Miguel Valledecabres Polop, CEO of Ev Dynamics, said: “Sales are the first test and trial we face, with validation finally given to our international efforts when our EVs are delivered, but this is just the beginning of a great market boom. There is a growing demand for EVs in both Europe and Asian markets, riding on favorable policies and increased awareness for sustainable living as we seek for a greener future. We are on the right track with our business direction with a promising future ahead.”

About Ev Dynamics (Holdings) Limited (Stock Code: 476)

Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power systems and their key components. The Group has a production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America.

#EvDynamics

As the US-Lao Comprehensive Partnership Turns Five, Ambassador Haymond Outlines Its Successes

US Ambassador Peter Haymond and wife Dusadee at the Plain of Jars in Xieng Khouang Province.
US Ambassador Peter Haymond and wife Dusadee at the Plain of Jars in Xieng Khouang Province.


U.S. Ambassador to Laos, Dr. Peter M. Haymond, discusses the past successes and future goals of the U.S. Lao Comprehensive Partnership. 

Celebrate Christmas At Mothercare’s Live Pop-Up Store In Harbourfront From 3-5 December

SINGAPORE – Media OutReach – 1 December 2021 – It’s the Christmas season and Mothercare is celebrating this jolly time with massive discounts on a large variety of items from leading baby brands! Parents and parents-to-be can look forward to Mothercare’s Christmas pop-up store at Harbourfront Centre, from 3 to 5 December 2021 at the Mothercare Experience store.

 

Enjoy Massive Discounts from Leading Baby Brands

 

From swaddles to storybooks and sensory play, shoppers can take advantage of limited time special offers to stock up on perfect presents for everyone on their nice lists. Discounts go as low as 70% off regular price items, so customers can shop till they drop for the new little ones in their lives.

 

Choose from a Large Variety of Baby Items and Gear From Local and International Brands

 

Whether gifting a loved one or treating yourself, there is something for everyone. Choose from a large variety of baby items, including feeding accessories like breast pumps, UV sterilisers, and baby bottles. Baby gears are also available, such as nursery items, fashion apparels, and toys.

Participating brands include international and local brands such as LoveAmme; Tommee Tippee, Lilo; Little Bearnie, Little Happy Haus; Wild Olive Branch; Kristen Kiong; HaruPlate; Owl Readers Club; Enchanté; Busy Mat; Dough N Me; Bag For Fun, and Wander Mats.

This also marks the first time that Mothercare is inviting external local vendors to its live pop-up store, in the spirit of helping and giving back to the local community. Drop by to #supportlocal and spread some joy this festive season.

 

Save Time Using Mothercare’s WhatsApp Service and Next Day Delivery Option

 

Before heading down to any Mothercare outlet, Mothercare’s soon-to-be-launched WhatsApp service allows parents to message the store for any assistance from the comforts of their home. This gives them more time to rest and less time to stress.

A new parent-to-be and not sure where to start? Mothercare’s complimentary Nursery Advisor programme offers customers the tools needed to make informed purchase decisions. Both online and offline programmes are available.

 

Under the offline Nursery Advisor programme, Mothercare’s nursery advisors will guide shoppers on a physical tour in the Mothercare store, providing product information and advice to narrow down their considerations.

 

Under the Digital Nursery Advisor (DNA) programme, professionals will bring customers on a virtual tour of the Mothercare store, share valuable insights on how to shop for their baby, and answer any doubts they may have.

All customers who shop online can also enjoy Mothercare’s next day delivery, where orders placed before 2pm on weekdays will be delivered islandwide the next day— just in time for the holiday period. Busy bees who cannot make it to the live pop-up store can also shop Christmas gifts online and enjoy the same next day delivery service, which will be made available soon.

About Mothercare

Launched in 1984, Mothercare is a leading global baby retailer specialising in knowledge and expertise in all baby-related products, from strollers and maternity clothes to feeding equipment. With 11 stores islandwide, including its flagship-turned-Experience store at Harbourfront Centre, Mothercare delivers with a strong reputation in quality, safe and innovative baby products as well as excellent customer service to those on their parenting journeys. For more information, please visit: https://www.mothercare.com.sg/

Services by Mothercare

Nursery Advisor program (Live)

Mothercare Telegram Support Group (Live)

WhatsApp Service (Launching soon)

Next Day Delivery (Launching soon)

Social media channels:

Facebook

Instagram

Youtube

#Mothercare

Clean Earth Technologies, Winner of the 2021 Australian High Commission Singapore Sustainability Award, Sets for Global Growth

Completes S$10 Million Funding Round

SINGAPORE – Media OutReach – 1 December 2021 – Singapore-based EnviroTech company, Clean Earth Technologies (“CET”), today announced that it has successfully completed its funding round of S$10.0 million with Strand Hanson Asia, which is acting as advisors to the Company.  Strand Hanson Asia is a leading independent consulting boutique  firm with considerable experience in the resources and technology sectors. 

 

CET also announced that last week, the company won the 2021 Australian High Commission Singapore Sustainability Award.  According to the Australian Chamber of Commerce Singapore, the Award was given to the company whose business operations or solutions have demonstrated excellence in embodying sustainability as an integral part of its business practice.  “CET is a champion of sustainable business practices, showing innovation and a commitment of sustainability,” cited by the Australian Chamber of Commerce Singapore.

 

CleanMining Pty Ltd (‘CML”), part of the Clean Earth Technologies Group, owns the award-winning gold recovery solution.  Its innovative ore processing technology represents an important scientific breakthrough that eliminates the use of cyanide and mercury in the treatment of precious metal ores, particularly gold.  Thus, it offers a new global gold standard which is toxic-free ore processing.  The technology, developed by Australia’s premier research agency, the CSIRO, is suitable for all gold mining operations, regardless of size, scale and location.

 

Mr Kevin Fell, Chairman & Group CEO of Clean Earth Technologies, said: “We are delighted to be the winner of the 2021 Australian High Commission Singapore Sustainability Award.  Our innovative gold recovery solution is a breakthrough for the gold mining industry to get rid of the use of toxic chemicals  which are harmful to the environment and human life. “

 

CET has secured two contracts from NuFortune Gold of Australia.  By using CET’s award-winning non-toxic gold recovery solution and innovative extraction technology, NuFortune Gold will be Australia’s first “Clean Gold” producer. While delivering similar gold recovery rates to cyanide, CET’s technology ensures better health and safety of employees, the environment and local communities.

 

“Strand Hanson Asia has taken a keen interest in CET and our environmentally-friendly solutions which are in line with ESG goals.  This funding exercise by Strand Hanson will accelerate Clean Mining’s global expansion with offices in North and South America as we have a pipeline of over 600 opportunities.  We will also be able to increase our sales and engineering capabilities across the globe,” added Mr Kevin Fell.

 

CET’s second solution for Clean Urban Mining is to create a circular economy for e-waste by removing metals from waste electronics without  the use of toxic and energy intensive processes involving cyanide, acids or smelting.   With the latest funding, CET will open its first e-waste factory in Adelaide by the end of this year.


About Clean Earth Technologies

Incorporated in Singapore, CET is continually looking for solutions to ensure a cleaner, safer and sustainable environment. Clean Earth Technologies Group’s wholly-owned subsidiary, Clean Mining, owns the award-winning gold recovery solution. Clean Mining’s innovative ore processing technology represents an important scientific breakthrough that eliminates the use of cyanide and mercury in the treatment of precious metal ores, particularly gold. Thus, it offers a new global gold standard which is toxic-free ore processing. The technology, developed by

Australia’s premier research agency, CSIRO, is suitable for all gold mining operations, regardless of size, scale and location.

In addition, CET’s new polymers developed in collaboration with Associate Professor Justin Chalker will provide sustainable solutions to some of the world’s greatest challenges; namely ensuring clean air, fresh water, remediation of oil spills and sustainable food production.

For more information, visit: https://www.cleanearth.tech/.

Facebook Page: https://www.facebook.com/CleanEarthTech LinkedIn: https://www.linkedin.com/company/cleanearthtech/

#CleanEarthTechnologies