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Authorities Order Trucks to Reduce Weight in Rainy Season

Trucks in Laos ordered to reduce weight

Vientiane Capital authorities have ordered heavy trucks to reduce their weight by 20 percent during the rainy season.

Asian Productivity Organization (APO) Puts Productivity in the Spotlight

TOKYO, JAPAN – Media OutReach – 11 June 2021 – The Tokyo-based Asian Productivity Organization (APO) in partnership with the Japan Productivity Center held the International Conference on the Centrality of Productivity on 10 June 2021. The virtual conference celebrated the 60th anniversary of the APO and examined the importance of productivity as a driver of growth for nations, firms, and individuals amid new, demanding challenges including those caused by the COVID-19 pandemic.

Leading experts on productivity, human resources, and technology spoke at the conference. Japan Productivity Center Chairman Yuzaburo Mogi, who is also Chairman and Honorary CEO of Kikkoman, remarked that, despite the turbulent situation, “Each one of us must develop our potential to the fullest to create value added and improve productivity.”

APO Secretary-General AKP Mochtan acknowledged that the challenges ahead are demanding, complex, and urgent. He introduced the Tokyo Statement on the Centrality of Productivity, a declaration encapsulating the resolve of APO member countries to continue promoting productivity.

Nobel Prize Winner in Economics (2008) Paul Krugman, in a recorded keynote address, expressed optimism for a brighter future despite the tragedies brought by the pandemic. He believed that “productive globalism” and well-intended public policies behind the development and distribution of vaccines indicated progress toward a better world.

Two panels of experts explored pressing issues affecting productivity. The first discussed imperatives for building a quality workforce, highlighting the need to shift toward performance-based, inclusive, diverse human capital. The second panel examined smart transformation by leveraging new drivers of productivity including digital technologies, AI, and big data. Digital Minister Audrey Tang shared experiences on how people–public–private partnerships had helped to counter the pandemic in the Republic of China. Japanese technopreneur Katsuya Uenoyama advocated an improved ecosystem that promotes coexistence between people and AI.

The conference closed with a call for renewed actions and courage in creating a more productive, sustainable, inclusive tomorrow.

About the APO

The Asian Productivity Organization (APO) is an intergovernmental organization committed to improving productivity in Asia and the Pacific. Established in 1961, the APO contributes to the sustainable socioeconomic development of the region through policy advisory services, institutional capacity-building efforts, sharing of productivity best practices, and dissemination of productivity data and analyses.

The current APO membership comprises 21 economies: Bangladesh; Cambodia; Republic of China; Fiji; Hong Kong; India; Indonesia; Islamic Republic of Iran; Japan; Republic of Korea; Lao PDR; Malaysia; Mongolia; Nepal; Pakistan; Philippines; Singapore; Sri Lanka; Thailand; Turkey; and Vietnam.

#AsianProductivityOrganization #APO

Second Doses of Sinopharm Vaccine Slated for July

Covid-19 update

Laos has said it will provide second doses of Sinopharm vaccine in July as it confirms another four new cases of Covid-19 today.

Refinitiv Workspace for Wealth Advisors chosen for Nomura’s International Wealth Management business

Fast, light and built on an open platform, Refinitiv Workspace for Wealth Advisors is tailored to the specific needs of wealth advisors, delivering an efficient workflow and actionable insights at home or in the office.

 

SINGAPORE/HONG KONG SAR – Media OutReach – 11 June 2021 – Refinitiv today announced that Refinitiv Workspace for Wealth Advisors has been chosen by global financial services group Nomura’s International Wealth Management business. It will be used as the strategic platform to drive timely market insights and analytics for its relationship managers and investment advisors across Singapore and Hong Kong.

Refinitiv’s recently released Wealth Management report “Advancing the advisory client experience” found that 43% of wealth advisory clients globally agree they are more likely to need investment advice now than a year ago.

“We are absolutely thrilled to be working alongside Nomura’s International Wealth Management business to support their expansion. With Refinitiv Workspace, Nomura’s advisors and relationship managers will benefit from market leading data and tailored workflow, driving client engagement and advisor productivity,” said Christopher Sparke, Head of Advisory Solutions at Refinitiv, an LSEG business.

“We chose Refinitiv’s solution as its user-friendly interface and actionable insights will allow our client advisors to attract, engage and advise clients as we accelerate the expansion of our franchise across Greater China, Southeast Asia and the Global NRI markets,” said Akshay Prasad, Head of Investment Products & Advisory Solutions, International Wealth Management, Nomura.

Refinitiv has a rich history of servicing the Wealth Management industry from front to back office. Over the last two years, the firm has invested heavily in the business and is committed to bringing the most advanced solutions to market.

The ongoing transformation includes building out the firm’s solutions through strategic acquisitions such as Scivantage and the launch of Refinitiv Digital Investor and Refinitiv Workspace for Wealth Advisors. Refinitiv wealth management solutions empower firms with faster time to market for digital properties while offering a flexible framework consisting of web-based components, pre-built pages, APIs, mobile apps, and collaboration tools such as video, co-browsing and secure chat that can be precisely configured for clients. A developer toolkit provides an additional level of control for in-house teams to design new and enhanced digital solutions.

About Refinitiv, an LSEG business

Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With over 40,000 customers and 400,000 end users across 190 countries, Refinitiv is powering participants across the global financial marketplace. We provide information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, we connect people to choice and opportunity – driving performance, innovation and growth for our customers and partners. www.lseg.com

#Refinitiv

Housing for Attapeu Flood Victims Now Over 60 Percent Complete

Housing for Attapeu flood victms 60 percent complete
Housing for Attapeu flood victims is now 60 percent complete.

Some 505 new homes have been completed for flood victims in Attapeu following the dam collapse of 2018.

SAP Southeast Asia Announces Winners for the Inaugural SAP Best Run Awards 2021

Leading organisations such as Changi Airport Group, Zuelling Pharma and TrickleStar recognised for their resiliency and creativity in harnessing technology to drive growth amidst uncertainty

 

SINGAPORE – Media OutReach – 11 June 2021 – SAP (NYSE: SAP) today announced winners of the SAP Best Run Awards 2021 for Southeast Asia (SEA). The SAP Best Run Awards, the first of its kind in the region, recognises and celebrates leading organisations in Southeast Asia that have harnessed innovations from across SAP’s ecosystem of products and services, turning insights into action to drive successful transformation for their businesses.

Awarded to customers that deployed SAP technologies, participants were assessed on their ability to think out of the box and how technology has been implemented to innovate and disrupt industries to drive greater business outcomes in a distributed and uncertain economic environment. The judging panel is consist of esteemed business leaders from all over Southeast Asia, including Cathy Ward, APJ Head, Customer Engagement and Experience, SAP Asia Pacific & Japan.

Covering six categories including Best Innovation Award, Best Customer Experience Management, Emerging Enterprise Award (SMEs*), Most Transformational Award and amongst others, winners of the SAP Best Run Awards include Changi Airport Group, Zuelling Pharma, TrickleStar, PXL Marketing Sdn Bhd and more. Winners were announced in a virtual event hosted by Verena Siow, President & Managing Director, SAP Southeast Asia. Watch the award ceremony on-demand here.

In addition, a total of USD 30,000 donation will be made by SAP, on behalf of the winning organisations to the ASEAN Foundation. For a full list of finalists, please refer here.

“The SAP Best Run Awards is a significant milestone not just for our customers and partners, but also to SAP as well. Following a year of uncertainties, it has been an absolute honour for us to recognise and celebrate the grit, resiliency and creativity of Southeast Asian organisations as they pivoted swiftly to respond, adapt and accelerate their growth in a challenging business environment,” said Verena Siow, President & Managing Director, SAP Southeast Asia.

“We have seen how technology has emerged as a game changer for our customers, enabling organisations to embed intelligence across end-to-end business process, empowering them with agility and resilience to navigate the uncertain business environment. I look forward to working closely with the business community in Southeast Asia to harness technology to drive greater business outcomes as we set our sights on a new decade of growth ahead.”

SAP Best Run Awards 2021 Winners:

Best Innovation Award – The Disruptor

Recognises businesses that seek creative solutions to persistent problems during unprecedented times, innovate to carve out new markets for themselves, or embrace technology to transform their businesses.​

Winner: Changi Airport Group (Singapore)

The Group successfully pivoted and scaled beyond pre-pandemic levels – despite launching the platform in mid-2020. With SAP Commerce Cloud as the engine, the company has achieved an expansion of merchants and acquired over 70,000 customers. Please click here to find out more about the collaboration between Changi Airport Group and SAP.

Runner up: Golden Gate Trade & Service JSC (Vietnam) and Loc Troi Group Joint Stock Company (Vietnam)

Best Customer Experience Management – The X Factor

Recognises businesses that have seamlessly created a customer experience through digital transformation.​

Winner: Zuellig Pharma (Philippines)

With SAP’s support, Zuellig Pharma was supported to maximise its cloud capabilities, eliminated all manual processes and tailored a seamless experience for customers, all in real-time while saving up to 80% in collection costs. Please click here to find out more about the collaboration between Zuellig Pharma and SAP.

Runner up: PT Link Net, Tbk (Indonesia)

Emerging Enterprise Award (SMEs*) – The Small but Mighty

Recognises emerging enterprises* that drive consistent, significant and sustainable growth, resulting in excellent business performance; and display the ability to scale and expand overseas.​

Winner: PXL Marketing Sdn Bhd (Malaysia)

The company enabled digital transformation to revolutionise its approach to change management, streamline user experiences and boost productivity resulting in an improvement of inventory management by 40% and productivity of supply chain by 30% supported by SAP’s solutions. Please click here to find out more.

Runner up: Hung Tri (Vietnam) and PT Adelphi Trans Asia (Mamaroz Juice) (Indonesia)

Most Transformational Award – The Game Changer

Recognises mid-to-large enterprises* that drive a change management within the complexities of large corporates from different lines of businesses, achieving sustainable growth and business performance.

Winner: Globe Telecom, Inc. (Philippines)

With SAP HANA DB and SAP S/4HANA, the company successfully engineered new ways of staying agile, scalable and sustainable – and uphold business continuity, resulting in savings of up to 14,200 hours – as well as a 99.99% uptime. Please click here to find out more about the collaboration between Globe Telecom and SAP.

Runner up: National University of Singapore and Singapore Power Ltd

Most Promising Startup or Entrepreneurship Award – The Rising Star

Recognises emerging enterprises that have developed a unique and commercially viable idea, which has the potential to be sustained in the long run, have worked with SAP to provide value-added services to their customers.​

Winner: TrickleStar (M) Sdn Bhd (Malaysia)

SAP supported the company’s ability to drive digital transformation, deliver value to customers and achieve over 65% in cost, personnel and accounting reductions while being able to grow fourfold since implementation with minimal increase in headcount. Please click here to find out more.

Runner up: Great Deals E-commerce Corp. (Philippines) and Tessa Therapeutics (Singapore)

Most Promising Next Generation Leaders – The Trailblazer (Individual)

Recognises the next generation leaders in their capacity who have overcome challenges or is a pioneer in its field, creating an impact on leading their organizations, businesses to scale greater heights. ​

Winner: Zuellig Pharma (Philippines)

Zuellig Pharma implemented SAP Intelligent Robotic Process Automation to deploy and scale robots across the enterprise. The company’s automation journey has set new standards for innovation excellence. Please click here to find out more about the collaboration between Zuellig Pharma and SAP.

Runner up: Phu Nhuan Jewelry Joint Stock Company (Vietnam)

The full list of finalists is available here: https://www.sap.com/idea-place/best-run-awards-sea/entries.html.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

*Mid-to-large enterprises with over 50 employees and above. Emerging enterprieses – small and midsize enterprises with 50 employees and below


About SAP

As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com .

#SAP

About SAP Best Run Awards for SEA

The SAP Best Run Awards for SEA celebrates the achievements of top companies and business leaders across Southeast Asia. With SAP, these organisations transform their businesses, drive innovation and found success in today’s disruptive economy.

Participants are encouraged to emphasise new ways of thinking, such as new uses and deploying technologies that will set the benchmark for their industry and make the world run better.

Concord Pacific And HB Management To Become The Majority Shareholder In HQ Capital Real Estate

Moving Forward, Concord Pacific And HB Management Will Maintain A Close Strategic Relationship With Global Investment Advisory Firm, HQ Capital

 

HONG KONG SAR – Media OutReach – 10 June 2021 – Concord Pacific and HB Management announced it has entered into strategic agreements to become a majority shareholder of HQ Capital Real Estate. HQ will continue to own a minority interest in the ongoing business and maintain a close partnership going forward.

Concord Pacific has always been active in multiple industries, including real estate development, hospitality, information technology, green energy, and telecommunication globally. Concord Pacific and HB Management have been looking for the right opportunity and the right partner to enter the real estate fund management business.

David Ju, Concord Pacific “HQ Capital Real Estate’s stellar coast-to-coast track record and impeccable support from both Germany and New York management teams attracted us to this strategic alliance. HB Management has also been a great partner of ours in the United States since 2018. We are excited about another wonderful endeavor with HB with their expertise in the residential multifamily business. Our vision is to collaborate with HQ’s well-established team and to explore new horizons in multiple markets.”

Jon Breiner, HB Management, “HB Management is very pleased with the opportunity to strategically invest with our close partner, Concord Pacific, by bringing new strategic resources to HQ’s multifamily investment platform. HQ brings a tremendous track record and new opportunities for HB and Concord to diversify their investment initiative, and to expand HQ’s capital horizons. This is a true win-win.”

Dr Joachim Faber, Chair of the supervisory board of HQ Holding. “With the transfer of the majority of its real estate business, HQ Capital continues to shape its profile as private equity specialist of HQ.”

Dr Bernd Türk, CEO of HQ Capital. “We deliberately took time to evaluate all options for the business in the interest of our existing investors. We are delighted to partner with Concord Pacific and HB Management and are convinced that they are best positioned to take our real estate business to the next level, creating added value for existing and new investors.”

The completion of this transaction is expected to occur in the next months of 2021 and is subject to customary approvals. The parties agreed not to disclose further details of the transaction. HQ Capital Real Estate will continue to build on its proven investment strategy focused on partnering with high-quality apartment developers and selectively acquiring existing multifamily properties with significant value creation potential in key growth markets across the United States.

About Concord Pacific Group

Concord Pacific Group is a private enterprise with investments and operations in real estate development, green energy, telecommunications, information technology, hospitality. It is widely recognized and most well-known for developing Canada’s largest mixed-use high-rise urban communities including defining the downtown skylines of Vancouver and Toronto. The company has also made its mark on the London skyline and W1 and has expanded its business to the US. For over 30 years, Concord Pacific has been known as one of North America’s most innovative and preeminent real estate developers with a focus on world-class master-planned urban high-rise communities. Concord Pacific has successfully delivered more than 150 high-rise residential towers representing approximately 26 million square feet of livable space. Concord Pacific has built a practice around sustainable investments and multi-disciplined diversification. The visionary concept of integrating technology and environmentally sustainable solutions into a full spectrum of its businesses has carried the group successfully beyond real estate development.

Visit concordpacific.com for more information.

#ConcordPacificGroup

About HB Management

Headquartered in Seattle, Washington, HB is a business and investment management entity of the Hewson and Breiner family offices. The managing principals of HB are Edward Hewson and Jonathan Breiner, second- and third-generation managers of their family businesses. HB’s legacy as a U.S. multifamily investor began in apartment buildings in the suburbs of New York City in the 1950s, and expanded to the Western U.S. in the 1990s. Today, a good portion of the firm’s investment has been focused on the Seattle area of the Pacific Northwest. HB manages over $3 billion worth of multifamily real estate and controls entities specializing in development, management, large-scale acquisitions, and brokerage. HB has been an instrument for large institutional investors and family offices throughout North America in the apartment building sector. In addition, HB has diversified interests in other asset classes such as hospitality, retail, transportation, and communications. HB’s subsidiaries in the multifamily space include: HB Management, Indigo Real Estate Services, and Paragon Real Estate Advisors. HB Management, established in 2006, has developed large-scale apartment projects in the Pacific Northwest of the United States with a focus on Seattle, Washington. The company has successfully developed high-rise apartments in the downtown environment and mid-rise and suburban style apartments outside of the city core business districts. HB also has master planned neighborhoods near transit centers in Seattle. Indigo, founded in 1995, manages approximately 10,000 apartment units in four states on behalf HB partnerships, institutions, and other high net worth investors. The company has managed and reported for some of largest financial institutions in the United States. Paragon Real Estate Advisors, founded by Ed Hewson and other partners in 1995 and later acquired 100% by HB in 2010, is the Seattle area’s largest privately owned apartment building brokerage, with a history of nearly 2,000 multifamily investment transactions.

Visit hbnorthwest.com for more information.

About HQ Capital Real Estate

Founded in 1989 as Real Estate Capital Partners, HQ Capital Real Estate is a dedicated U.S. real estate investment advisor specializing in multifamily investments. Since its inception, the firm has invested in approximately $15 billion of U.S. real estate through sponsored funds and separate accounts on behalf of global institutions, family offices and ultra-high net worth individuals. Through its consistent participation in the market over the past three decades, HQ Capital Real Estate has developed deep relationships with some of the country’s top real estate owners, operators, developers, brokers and lenders, providing the firm with access to a pipeline of exclusive investment opportunities. Overseeing these transactions is a committed senior management team who has worked together since 2005 and has an average tenure at the firm of 20 years. In-house capabilities of the company go beyond its investment management expertise and include asset and construction management, capital markets, legal, and tax structuring expertise. These attributes combined have resulted in a successful historical multifamily track record of 221 realized opportunistic and value add fund investments with an overall gross IRR of 21.1%.

About HQ Capital

Founded in 1989, HQ Capital has invested around $8billion in private equity in the U.S., Europe and Asia through funds and individual mandates on behalf of its investors as to date. More than 90 specialists identify the best private equity managers from New York, Bad Homburg and Hong Kong and invest in them through primary, secondary and co-investments. HQ Capital relies on more than 30 years of local expertise and networks in the respective markets. Since its foundation, the firm has made around 685 private equity investments in North America, Europe and Asia with over 275 managers and launched 26 fund programs. A sustainable increase in value is just as important as broad diversification and precise risk management.

Visit www.hqcapital.com for more information.

GS1 Hong Kong Summit 2021 Scaling Digital Transformation • Cultivating Digital Assets

HONG KONG SAR – Media OutReach – 10 June 2021 – The GS1 HK Summit 2021 (“the Summit”) was held successfully today at the HK Convention & Exhibition Centre attracting more than 1,300 delegates from cross-sector trades joining in-person and online. Broadcasted live for the first time, the Summit steps into its 20th edition this year. The full-day event covered hot topics in digital retailing, digital trade finance, smart business operations, global supply chain resilience and business trends in the Greater Bay Area. With the aim to help enterprises embrace virtual business opportunities, the Summit was co-located with the GOVirtual Business Expo, jointly hosted by GS1 HK and Baobab Tree Event Management Co., Ltd. (BTE), running from 10 June to 12 June.

Mr. Alfred Sit, Secretary for Innovation and Technology, inaugurated the Summit as the Guest of Honour and delivered the opening address. “Today’s summit and the Expo is an opportune time for the industry to re-adjust business strategies after consolidating the experiences under the ‘new normal’, creating new value for both the business community as well as Hong Kong economy. Digital transformation is indeed the ‘hope’ to businesses under the ‘new normal’. The Government has made strenuous effort in assisting enterprises in this regard, including the Distance Business Programme, the Public Sector Trial Scheme, the Technology Voucher Programme and the Re-industrialisation Funding Scheme. All these are conducive to the development of “Industry 4.0″ and smart city in the aftermath of the epidemic,” said Mr. Sit at the start of the event.

Mr. Victor Lam, Government Chief Information Officer and Legislative Councillors Mr. Frankie Yick and Mr. Peter Shiu, were joined by Mr. Kelvin Leung, Chairman of GS1 HK; Ms. May Chung, Vice Chairman of GS1 HK; Ms. Anna Lin, Chief Executive of GS1 HK and Mr. Ricky Wong, Vice Chairman & Group Chief Executive Officer, Hong Kong Television Network Limited as officiating guests. In Dr. Leung’s welcome remarks, he underlined the role of digital transformation in business development, where reliable, transparent, accurate, timely data is the key. He explained the GS1 global standards ensure the availability of high-quality data and help bridge the physical and digital worlds, by creating a digital version of a product called digital twin. This online identity allows sellers to list their products easily on Alibaba, Amazon, eBay and other e-marketplaces, while supporting Google to correctly classify products and match relevant online information to consumers’ queries, improving search results, generating sales leads and increasing conversion.

Ms. Lin echoed the importance of standards in the collection and sharing of quality data, and believes data analytics can separate leaders from followers. “Data intelligence helps enhance market forecast and drive better business decisions. With emerging technologies like AI and video analytics, retailers can capitalise on ‘Smart Retail’ solutions to collect consumers’ demographic and behaviourial data and deliver more engaging experience to boost sales. The use of IoT sensors and RFID devices in daily workflow has helped manufacturers, logistics service providers and the like to monitor operational data in real-time and optimise resources as needed. Enterprises equipped with such kind of “Smart Operations” systems will be able to improve productivity, reduce wastage, ensure safety and quality, and shorten their time-to-market.”

Mr. Ricky Wong, Vice Chairman & Group Chief Executive Officer of Hong Kong Television Network Limited kicked off the Summit with a keynote speech titled “Way Beyond eCommerce” urging businesses to be agile and always thinking out of the box. He encouraged enterprises to draw strength from partners and allies for more innovative cross-sector opportunities. In the Executive Panel, CEO Panel, various plenary sessions and track sessions that followed, thought-leaders from a mix of industries presented ideas that can help businesses stay ahead of the curve. Some of the most topical discussions included COVID-19 vaccine traceability and the evolution of supply chain strategy from “just-in-time” and “just-in-case”.

Culminating the event was the Closing Plenary: The Entrepreneur Forum where inspiring stories of how three local companies charted their own course into the new future were told. Localla diversified its bike sharing business to food ordering service; Culture Homes transformed traditional elderly homes into technology-enabled neighborhood; German Pool tapped into the Greater Bay Area with new marketing stunts such as live commerce. These new business strategies all stemmed from the entrepreneurial spirit to “Go Digital * Go Smart” and have set the foundation for long-run success.

Many more similar business anecdotes are included in a new report, Retail Realignment: The road ahead for omnichannel in the Greater Bay Area, jointly published by KPMG China, GS1 Hong Kong and HSBC. The report is based the collective wisdoms of 400 senior retail executives and a survey conducted among 2,053 consumers in Hong Kong and nine mainland cities in the Greater Bay Area. It examines the changing consumer behaviours and expectations during the ongoing COVID-19 pandemic, as well as the latest technology and retail trends in the Greater Bay Area sector, and provides recommendations for businesses to advance their corporate strategy and digital offerings to satisfy consumers’ evolving preferences. Please read the press release “Greater Bay Area retailers increase focus on digital strategies” for more details.

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong (GS1 HK) is the local chapter of GS1®, which supports companies’ digitalisation to enhance supply chain transparency and efficiency, ensure product authenticity, and facilitate online and offline commerce with global supply chain standards (product identification key and barcode) and a full spectrum of standard-based platforms, solutions and services.

Currently, GS1 HK has around 8,000 corporate members covering close to 20 industries including retail consumer goods, food and food services, healthcare, apparel, logistics as well as information and technology. By engaging with communities of trading partners, industry organisations, government, and technology providers, GS1 HK is fostering a collaborative ecosystem with the vision of “Smarter Business, Better Life”.

Headquartered in Brussels, Belgium, GS1® is a not-for-profit, standards organisation that has 115 national chapters serving 150 economies globally. For more information, please visit www.gs1hk.org .

#GS1