29.6 C
Vientiane
Thursday, June 26, 2025
spot_img
Home Blog Page 2766

PolyU receives staunch support from the Otto Poon Charitable Foundation for the establishment of the Smart Cities Research Institute and the Research Institute for Smart Energy

HONG KONG SAR – Media OutReach – 18 October 2021 – Thanks to a generous donation from the Otto Poon Charitable Foundation (the Foundation), The Hong Kong Polytechnic University (PolyU) has established two research institutes in support of the University’s research endeavours in the areas of smart cities and sustainable energy. The two research institutes are named the Otto Poon Charitable Foundation Smart Cities Research Institute (SCRI) and the Otto Poon Charitable Foundation Research Institute for Smart Energy (RISE) in appreciation of the Foundation’s significant contributions. Officiated by Dr David Chung, Under Secretary for Innovation and Technology of the HKSAR Government, the naming ceremony was held earlier this month. It was attended by Ir Dr Otto Poon Lok-to, Founder of the Otto Poon Charitable Foundation, Dr Lam Tai-fai, PolyU’s Council Chairman, Professor Jin-Guang Teng, PolyU’s President and others.

(from left) Dr Lam Tai-fai, PolyU’s Chairman of Council; Dr David Chung Wai Keung, JP, Under Secretary for Innovation and Technology of the HKSAR Government; Ir Dr Otto Poon, BBS, OBE, Founder of the Otto Poon Charitable Foundation, and Prof. Jin-Guang Teng, PolyU’s President, unveiled a plaque to formally name the two research institutes.

 

In his welcoming remarks, PolyU’s Council Chairman Dr Lam Tai-fai extended his heartfelt gratitude to Ir Dr Otto Poon Lok-to for his long-standing support to PolyU, “Dr Poon is a strong advocate of using innovation and technology to solve societal problems. Smart cities and energy challenges are two topics of great importance to society today. We are excited to join hands with Dr Poon to set up two research institutes focusing on these strategic areas in order to contribute to the further development of Hong Kong, the Nation and the wider international community.”

 

The Under Secretary for Innovation and Technology, Dr David Chung , said that the Government had been collaborating with the two Otto Poon Charitable Foundation Research Institutes in conducting trials and pilots in a number of smart city projects, ranging from the application of urban informatics to smart and sustainable energy, in order to improve the quality of life of our citizens.

 

  “The Innovation and Technology Bureau will continue to develop Hong Kong into a smart city and to make space for our local talents to help contribute to the betterment of Hong Kong as well as our country. I urge all of you to take advantage of the opportunities brought about by the National 14th Five-year Plan and development in the Guangdong-Hong Kong-Macao Greater Bay Area. There is much to gain from collaboration with our neighbour cities and we have much to learn from each other, especially on the new frontier of smart city development. PolyU, with its outstanding research institutes and academics, will have a big role to play in building Hong Kong into an international I&T hub,” Dr Chung added.

 

Founder of the Otto Poon Charitable Foundation Ir Dr Otto Poon Lok-to remarked that “the notion of s mart cities embraces a wide array of topics. The establishment of SCRI will serve as a catalyst to blend the various elements of smart cities together in order to contribute to the success of Hong Kong’s Smart City Blue Print 2.0.”  Ir Dr Poon also raised concerns regarding climate change, and noted that renewable energy and energy storage were two essential research topics. He appreciated PolyU researchers’ dedicated commitment to advancing the frontiers of technology and knowledge to cope with energy challenges.

 

Professor Jin-Guang Teng, President of PolyU , thanked Ir Dr Poon for his unwavering support to PolyU over the years and said “Interdisciplinary collaboration can provide solutions to address societal challenges. Against this backdrop, the University has established the PolyU Academy for Interdisciplinary Research (PAIR), a hub to promote research and innovation across disciplines. To date, ten research institutes and five research centres have been established to offer impactful solutions in areas including land and space creation, smart ageing, advanced manufacturing, smart cities, smart energy and more.”

 

Established in 2020, SCRI and RISE will bring together PolyU experts from diversified fields to develop impactful interdisciplinary research.

 

SCRI aims at being a global centre of excellence in urban informatics and a living smart cities laboratory for Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area in order to promote smart cities development in Hong Kong and in the country. Its research focus areas include Smart Mobility, Smart Living, Smart Environment, Smart People, Smart Government, and Smart Economy. SCRI is collaborating with some of the world’s top universities including the University of Cambridge and University College London, as well as major industrial players to develop innovative solutions. SCRI’s innovations have received worldwide recognition and won two Gold Medals at 2021 Inventions Geneva Evaluation Days and two prizes in the 2021 Smart 50 Awards.

 

RISE strives to pursue translational research on innovative solutions for energy-related problems. Its five research focus areas include District Energy Systems and Smart Grid, Smart Buildings and Smart Energy Systems, Advanced Energy Storage Technologies, Advanced and Renewable Energy Conversion Technologies, and Advanced Energy Materials. RISE’s world-class research has been recognised in various global research rankings. A ccording to a recent report by Stanford University, 16 RISE members have been listed among the top 2% of scientists in relevant research fields globally, with three members ranking in the top 25 places. In addition, three RISE scholars have been acknowledged in the Highly Cited Researchers 2020 list by Clarivate Analytics.

 

For more details about the research institutes, please visit the respective websites:

Otto Poon Charitable Foundation Smart Cities Research Institute (SCRI) https://www.polyu.edu.hk/scri/
Otto Poon Charitable Foundation Research Institute for Smart Energy (RISE)
https://www.polyu.edu.hk/rise/

#PolyU

Yonyou Launches TMS Cloud in Hong Kong, Empowering Multinational Enterprises on Global Treasury Management

HONG KONG SAR – Media OutReach – 18 October 2021 – Amid Covid-19 pandemic, cross-border trades fall sharply. In order to accelerate digital transformation and achieve durable growth for multinational enterprises, in 2020 Yonyou Network Technology has released YonBIP, a brand new business innovation platform. This year, Yonyou launches a global treasury management product – TMS Cloud in Yonyou Hong Kong, the headquarters of Overseas Business Unit, aiming to provide treasury management solutions for multinational enterprises with cross-border businesses.

For enterprises, financial management is the front-runner in the process of the digital transformation, and the digitalization of treasury management continues to gain importance in the business strategies of enterprises. As treasury management becomes more complex and professional, traditional tools and services can barely meet the needs in the rapidly changing markets.

 

Mr. Bowen Guo, General Manager of Yonyou Hong Kong, pointed out that Yonyou has been serving Chinese enterprises treasury management for over two decades, connecting 1,700 domestic and foreign banks with enterprises and helping more than 10,000 conglomerates to operate treasury efficiently. However, for Chinese enterprises going global, treasury management is restricted by local policies and regulations, derailing the globalization in business.

 

Yonyou is the transformational leader that rebuilds an innovated and digitalized financial ecosystem, supporting Chinese enterprises to expand internationally. The newly launched TMS Cloud will help Chinese enterprises to set up a global treasury center in Hong Kong, which takes advantage of the metropolitan’s role as a bridgehead of China’s ‘domestic-international dual circulation’ and accelerates the development of ‘headquarters economy’ to achieve one-stop treasury management with real-time visibility. In terms of connectivity, TMS Cloud will adopt cutting-edge technologies like robotic process automation (RPA), directly connecting banks and enterprises with open application program interfaces (API) of banks. With the broad network of Chinese banks, TMS Cloud assists Chinese enterprises to establish the global cash pool for easier cross-border transaction.

 

Managing global treasury efficiently is hard not only for Chinese enterprises ‘going out’ to other countries, but also for foreign-owned companies ‘coming in’ China’s market. Today, a large number of overseas companies, including local companies in Hong Kong, still adopt the ‘twin headquarters, twin treasury centers’ strategy for treasury management in mainland China. According to Mr. Guo, when investing in mainland China, overseas companies are not familiar with the products and services of domestic banks, creating the ‘last mile’ of treasury management in China that most multinational enterprises cannot go through. Meanwhile, TMS Cloud demonstrates strong multi-bank connectivity, empowering overseas enterprises to manage treasury inside and outside China. Yonyou will also launch TMS-API for global treasury center to manage all bank accounts in China.

 

Through TMS Cloud, multinational enterprises can obtain safe and reliable payment channels, optimize payment process, significantly reduce costs of building IT system, and reconciliate global accounts and transactions in real time. TMS Cloud boosts the overseas business expansion for multinational enterprises and makes global treasury management smart.

 

Founded in 2003, Yonyou Hong Kong is the headquarters of the Overseas Business Unit, providing software and cloud services to enterprises in Hong Kong, Macau, Taiwan, ASEAN countries, Australia, and other countries in the Asia-Pacific region. Based in Hong Kong, Yonyou Hong Kong leverages the city’s role as a gateway between the East and the West, boosting the process of globalization for enterprises. Yonyou’s subsidiary Chanjet Information Technology (1588.HK) is listed on Hong Kong Stock Exchange.

About Yonyou Network Technology

Founded in 1988, Yonyou Network Technology (600588.SS) has been leading the enterprise services market for 33 years. Yonyou is currently the No. 1 provider of enterprise cloud services in China and the world’s leading enterprise management software and cloud services provider, offering tailor-made Enterprise Resource Planning (ERP) software and Software as a Service (SaaS) solutions. Yonyou has been recognized by Gartner as the top 10 ERP providers in the world, and ranked by IDC as the largest enterprise management software provider in China.

Company Website: https://www.yonyou.com.hk

Facebook: https://www.facebook.com/YonyouHongKong

LinkedIn: https://www.linkedin.com/company/yonyouhongkong

Twitter: https://twitter.com/YonyouOverseas

#YonyouHongKong

Completion Products ventures into digitalisation, lowers expenditure by 10%

SINGAPORE – Media OutReach – 18 October 2021 – Completion Products Pte Ltd (CP) is one of the many successful companies that have made proactive changes to digitalise its internal processes, and was able to lower its operating expenditure significantly by 10%.

With the support of Enterprise Singapore (ESG), CP was able to implement an integrated Enterprise Resource Planning solution that has since then made a significantly positive impact on the company’s corporate functions. Completion Products is now utilizing a digital program under industry process 4.0  which produces extremely efficient results from its employees.

 

CP’s Quality Specialist from the production and supply chain emphasized how the system was able to help him generate accurate reports in just a click of a button. The then tedious work that takes up more time than needed, is now converted to a simpler task that can be done much faster, saving up almost two hours of work time. QMS allows people to accomplish complex tasks without having to sacrifice quality and precision.

 

The company’s shift to the incorporation of digital methods contributes to the overall streamlining of its corporate and operational processes. Because of the firm’s success in digitalisation, it has received recognition from the Minister of State for Trade and Industry, Low Yen Ling during her speech at the launch of the Marine and Offshore Engineering Industry Digital Plan. Moreover, Completion Products was featured by notable media sources—The Straits Times and The Business Times, in its online publications. The articles squarely highlight how CP was able to create more opportunities and simplify daily duties, giving out an apparent meaning that the transition phase of the firm’s digitalisation has been by far, smooth and steady.

 

With the firm being part of the Oil and Gas Industry, it is being affected by the increasing demand and intense competition that takes place in the sector. Because of this, Completion Products has stepped up its efforts by integrating technological advancements in its day-to-day work routine in order to speed up operations, as well as to save more time, expenses, and effort so everyone involved in the task force can focus on more pressing things, especially those that require urgent attention.

 

Completion Products manifests an innovative outlook; the company doesn’t jump in on trends just to not fall behind but also to provide the best experience to its staff and partner clients. The adoption of digital tools freed up more space for matters that truly require manpower. Automating the key functions is definitely cost-efficient. With the support of the multifaceted digital solutions, employees are no longer obliged to render unnecessary extra hours. This avoids the issue of overworking and rather promotes productivity and efficiency among the members of the team.

About Us

Incorporated in 2003, Completion Products (CP) has an enduring history of design, development, manufacturing, and supplying of high-quality Sand Control Screens and Completion Equipment for the Oil & Gas Industry.

As an OEM to a major oilfield service company, our continual goal is to not only conform to our Suppliers Agreement, but also to ensure that our relationship is based on mutual growth. To achieve this, we stand to be transparent when it comes to our clients’ requirements, and provide them with the best solutions to not only match but exceed their expectations.

Visit the website of Completion Products to know more about the company and its product offerings.

METAVERSE EMPIRE (MES) was launched to open the age of empire under Metaverse

LONDON, UK – Media OutReach – 18 October 2021 – MES (abbreviation for METAVERSE EMPIRE) is jointly initiated by a group of blockchain geeks and senior game enthusiasts from the UK and Canada. Based on the Binance Smart Chain to build two tokens, MES and MEF, combined with the new gameplay of NFT and Metaverse exchanges. The platform currency MES is used as the value carrier to anchor virtual scene applications, and the ecological currency MEF is used for value circulation. The application of technology subverts the economic model of traditional games and gives games more financial and economic attributes. MEF will be used as the platform governance token of Metaverse Exchange, and unlimited destruction will boost the ecological development of games and exchanges.

 

Let players not only earn huge profits through games, reach a community consensus system, and establish a medium for value transmission. At the same time, every value transfer is accompanied by a deflation model and a destruction mechanism, thereby forming a stable economic system and value-driven model with the MES ecology.

 

There are precedents for outstanding cases, the game empire breaks the capital market. The most popular blockchain game and Metaverse project at the moment is undoubtedly Axie. The price of its native token exceeded US$110 last weekend, bringing its market value to US$30 billion. In addition, the game’s current transaction volume has exceeded US$29.5 billion. . Axie’s achievements as a benchmark are enough to prove the development prospects of blockchain games. However, with the development of new technologies, it is carrying the banner of blockchain to transform the game industry all the way forward. There are more than 100 categories but the scale is still not as large as traditional Internet games. It’s a drop in the bucket, and the contest between power and resistance, every bit of trial has become more precious. In this context, MES has opened a new breakthrough point, creating a blockchain high-power application game with epochal and financial attributes.

Ten million bonuses to promote the development of the alliance, MES global node will be launched immediately. From the economic model, MES uses MES and MEF twin tokens, which complement each other. MES facilitates the development of the game ecosystem. MEF is produced during the game. 70% of MES tokens are produced by METAVERSE EMPIRE’s NFT smart mining to ensure market liquidity. , The platform will only start mining after reaching 50,000 people. NFT must be synthesized by MEF, so that the value of MES and MEF will rise steadily. There is no pressure on the market to add tokens. When it reaches 50,000 people, there will be enough players to share every day. Consuming the 3000 tokens newly added by digital smart mining to ensure the steady development of MES and MEF, and as a global node, not only enjoys the high incentive policy that allows creation and construction to be endowed with value attributes, but also the node in the game can not only Enjoy the weighted income. At the same time, because of the identity of the participating builder, you can also participate in voting governance in the future ecological development. The entire economic model is structured through a rigorous algorithm to ensure the value of the circulation in the secondary market and return the value to the hands of serious builders.

 

MES4.0 ecological planning, iterative development of specific forms in the future. From a value-oriented point of view, the highlight of the MES game is that it has low thresholds and high returns, supports multiple languages, has a small publishing volume, high revenue from digital smart mining, significant market power, and has a variety of highly free gameplay. . MES is not only an entertainment tool, but also allows the game scene to carry the virtual reality of identity, wealth, and network, so that all players can make money while playing, and all behavior trajectories will be accompanied by value orientation. From the perspective of the overall ecological layout, MES links not only the integration and interaction of virtual space and the real world, but also through a series of smart contracts with optimized liquidity mining strategies, which can automatically seek the best profit strategy for users, starting from 1.0 farming civilization Gradually leap over to the Stone Age and then to the Age of War, which resulted in an age of civilization and finally formed an age of benign and sustainable empires.

 

Metaverse has structured the real technology interaction in the virtual area. MES has opened up new opportunities for value delivery, allowing us to seize the entire market opportunity to open our METAVERSE EMPIRE.

 

Telegram: https://t.me/metaverseempire

twitter:https://twitter.com/mempiregame

E-mail:metaverseempire@gmail.com

MSIG Introduces SME Group Medical Insurance Plan Focusing on Flexible Coverage

Innovative “one level up/down” outpatient coverage and a new digital platform deliver adaptable and inclusive options to customers

HONG KONG SAR – Media OutReach – 18 October 2021 – MSIG Insurance (Hong Kong) Limited (“MSIG”) today announced its SME Group Medical Insurance plan (“the plan”) targeting SMEs with flexible coverage options as well as MediGo, a new digital portal for onboarding and policy management. Drawing from its experience providing health and commercial insurance, MSIG designed the plan to meet the unique needs of SMEs in today’s fast changing digital business environment.

 

The plan offers six levels of coverage – from essential to premium – to ensure every employee can have the right level of benefits. MSIG has also developed an innovative “one level up/down” feature that allows employers to choose one of three levels of Optional Outpatient Benefits corresponding to each hospitalisation plan. This empowers SMEs to provide groups of employees with tailored cover appropriate to their needs.

 

As the next stage in its digitalisation programme, MSIG has also launched the MediGo portal which offers online access for the convenience of both employees and employers. Specially designed features mean that users can easily manage their SME group medical policies and benefits. Employees can now find panel doctors, submit and track claims, upload documents, access digital medical cards and monitor their benefits, all in one place. Employer services have also been enhanced to include online inquiries and 24/7 access to policy details and member information. In due course all MSIG group medical insurance customers will be able to enjoy the benefits of MediGo as it is rolled out to MSIG healthcare customers.

 

Philip Kent, Chief Executive Officer of MSIG, said: “The SME community in Hong Kong is a critical part of our economy and presents a significant opportunity for insurers.  We have designed our new SME group medical plan and medical portal to deliver sophisticated employee benefits that are easy to administer – so they can stay focused on growth and development.  Our unique insight into SME businesses is based on our long experience serving the health and commercial insurance customers and we are excited to offer a plan that is both flexible and at the digital cutting-edge.”

 

The plan offers premiums that have been tailored to the needs of dynamic, young SME businesses whose demands are constantly evolving. Prices are based on the age of each insured employee and their dependants, using 5-year age bands – an approach that suits the way SME teams grow and develop. Employers can tailor their policies with optional coverages, including Supplementary Major Medical, Dental and Personal Accident Benefits. MSIG has also introduced a simplified application process, waiving individual health declarations for companies with six or more employees.

 

Additionally, insured staff and their dependants can enjoy direct billing services from a network of over 2,600 outpatient General and Specialist Practitioners via the MSIG Digital Medical Card.

About MSIG Insurance (Hong Kong) Limited (“MSIG”)

MSIG is a subsidiary of Mitsui Sumitomo Insurance Company, Limited within the MS&AD Insurance Group, Asia’s leading general insurance brand with presence in 46 countries and regions globally. The Group is amongst the world’s top 10 non-life insurance groups based on gross revenue*. It is the number one Japanese insurer with an A+ Stable credit rating. With over 40,000 employees world-wide, Mitsui Sumitomo Insurance Company, Limited is represented in all ASEAN markets as well as in Australia, New Zealand, Hong Kong, Mainland China, Korea, India and Taiwan.

MSIG offers a wide range of solutions and services through an extensive distribution network including agents, brokers, and bancassurance alliances with leading banks. It has been providing general insurance solutions to customers in Hong Kong for more than 160 years, dating as far back as 1855.

*2021 Fortune Global 500, Property & Casualty Insurance Category

#MSIG

Vientiane Capital Sees Lower Infection Rate As Week Begins

Covid-19 Update

Laos has recorded 285 new cases of Covid-19 across the country today, with 83 cases recorded in Vientiane Capital.

Railway Traffic Control Center Opens at Vientiane Station

Railway Traffic Control Center Opens at Vientiane Station
Railway Traffic Control Center Opens at Vientiane Station (Photo: CRI)

Authorities in Laos have officially opened a railway traffic control center to manage traffic along the Laos-China Railway.

Tiens Group Explorer and Guide focusing on Health Services for 26 Years

TIANJIN, CHINA – Media OutReach – 18 October 2021 – Sports stars from many countries sent their wishes to the 26th birthday of Tiens Group on October 16, 2021. They recognized and encouraged Tiens for its achievements and contributions in health products and services. Li Jinyuan, Chairman of Tiens Group, said that it was gratifying to receive such blessings and recognition as a global enterprise group in the field of comprehensive health.

Tiens Group has taken health products and services as the carrier and has always been the disseminator of health culture in its 26 years of development. It has actively developed and exported health products suitable for different ages and people, effectively promoted, accelerated and popularized the global dissemination of health management concepts, and its health products and services have benefited more than 47 million families around the world, helped them establish a healthy lifestyle, which effectively improved the overall immunity of families.

 

It is known that Tiens Group will launch a new global coverage plan for all-round health care experience stores and flagship stores in 2021. Experience items of the experience store mainly cover weight loss and shaping, comprehensive skin management, eugenics and good education, physiotherapy and maintenance, four high chronic diseases, dampness and cold elimination, healthy spine and bone, immunity improvement, vision care, etc. Experience store not only focuses on the experience effect of instruments and equipment, but also pays more attention to standardized, humanized and professional health management services, helps people cultivate healthy living habits, pursue exquisite life, and leads a wide range of consumers to more deeply recognize importance of health management to disease prevention.

 

Tiens Group expects to deepen and increase cooperation and exchanges with relevant subjects in the field of global comprehensive health industry in the coming days, and jointly help global consumers stay in good health!

#TiensGroup