GUANGZHOU, CHINA – Media OutReach Newswire – 18 October 2024 – The 136th Canton Fair opened with great fanfare in Guangzhou, China. In this Canton Fair, Jinpeng Group is one of the leading enterprises of light green travel products in China. Under the general trend of “going to sea” of China’s new energy vehicles, it has also brought more than ten new energy products. The company also secured strategic agreements with key clients on-site, generating substantial interest and engagement.

10 Models Across All Categories Launched
Since early 2020, Jinpeng has expanded its brand overseas, conducting thorough market research in products, R&D, manufacturing, and branding. This strategy has realigned its product lineup and earned widespread recognition from global clients.

At the Canton Fair, Jinpeng unveiled more than 10 models across three categories—electric two-wheelers, three-wheelers, and E-bikes—tailored to global consumer demand. The lineup includes high-speed, functional, and electric motorcycles, as well as daily commuting options, urban, mountain, and the new photovoltaic energy storage tricycle, attracting a peak of client consultations on the first day.

Under the general trend of “going to sea” of China’s new energy vehicles, it has also brought more than ten new energy products, including the newly launched photovoltaic energy storage travel product HY with a top speed of 40 km/h. This product can directly solve the travel problems of power facilities imperfect and long sunshine time country “last kilometer”.

Jinpeng has launched a number of new energy vehicles for the European and American markets. For instance, the BOX-R has won the favor of many customers with its adjustable saddle, 101 km/h top speed, and wide tires and suspension system suitable for various terrains. At the same time, it is also the first product, launched for “right rudder” countries to meet the needs of users in more countries.

It is worth mentioning that on the day of the launch, Jinpeng Group reached a cooperation with a customer from Nepal and signed 48 orders for new energy vehicles on the spot, which was upgraded from “signing the bill after the exhibition” to “spot signing” compared with the previous session. Demonstrating the strength and recognition of the Jinpeng brand in its international expansion.

Full-speed Brand Expansion Overseas
Latest data reveals that in the first eight months of this year, China’s total goods import and export value reached 28.58 trillion yuan, marking a 6% year-on-year increase. This strong global market recovery provides a solid foundation for Jinpeng’s international brand expansion.

Jinpeng has actively promoted electric mobility projects in global markets since 2020, earning a strong international reputation and a foundation of trust. Since 2020, Jinpeng’s overseas division has actively executed the group’s brand expansion strategy, establishing many marketing centers globally.

So far, the products have been exported to more than 50 countries. Jinpeng Electric Vehicle has accumulated global sales of over 15 million vehicles, and is also the only enterprise in the industry with annual sales exceeding 1 million vehicles. This capability ensures high-quality delivery, timely supplies, and strong operational support for customers worldwide.

In tandem with its R&D and manufacturing system, Jinpeng has also developed a comprehensive channel construction system. In the first half of this year, Jinpeng actively opened brand stores worldwide, particularly in Romagna and other neighboring countries.

Jinpeng’s brand expansion strategy leverages exhibition marketing to create valuable opportunities for acquiring customer insights and exploring new channels. At the Canton Fair, numerous prospective and existing clients visited the booth for in-depth discussions on channel development and product marketing.

Jinpeng Group will make good use of its manufacturing advantages to showcase its latest technologies following the Canton Fair to strengthen its presence in the international market. This initiative aims to enhance brand development and market expansion as Jinpeng pursues becoming the global leader in light green transportation.

https://www.jinpeng-global.com/
Hashtag: #JinpengGroup

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

BANGKOK, THAILAND – Media OutReach Newswire – 18 October 2024 – ONYX Hospitality Group, Thailand’s leading hospitality management company specialising in the management of hotels, resorts, serviced apartments, and luxury residences, is proud to announce its participation at ITB Asia 2024, Asia’s leading travel trade show. The event takes place from 23rd to 25th October at the Sands Expo & Convention Centre, Marina Bay Sands, Singapore.

As the company looks to expand its footprint in Southeast Asia, ONYX Hospitality Group will present its ambitious growth targets, aiming to manage over 50 hotels and residences by 2025, and 70 by 2028. The group currently manages 46 properties across its renowned brands: Amari, OZO, Shama, and Oriental Residence.

Highlights at ITB Asia include the announcement of two major hotel openings in Q4 2024: Amari Colombo in Sri Lanka, scheduled for 17^th November, and Amari Vientiane in Laos, expected to open by the end of the year. These additions mark a significant milestone in ONYX’s continued expansion across the region.

Furthermore, ONYX Hospitality Group will highlight other upcoming openings in Malaysia, including Shama Medini and OZO Medini, reinforcing the company’s strategic growth focus in key Southeast Asian markets.

“Our vision is to be the best medium-sized hospitality management company in Southeast Asia,” said Yuthachai Charanachitta, Chief Executive Officer of ONYX Hospitality Group. “With strong growth in Thailand, Malaysia, and new ventures in destinations like Laos, Sri Lanka, China, and Hong Kong, we’re excited to continue bringing our unique blend of Thai hospitality, contemporary design, and exceptional guest experiences to additional destinations and guests.”

ONYX Hospitality Group’s portfolio is tailored to meet diverse travel preferences, from urban MICE hotels and serviced apartments to luxury resorts, making it a perfect choice for corporate, leisure, and MICE travellers alike. The group’s luxury property, Oriental Residence Bangkok, recently received the prestigious MICHELIN Key award has entered into a partnership with Small Luxury Hotels of the World (SLH), further elevating its reputation for excellence. In addition, ONYX Hospitality Group is celebrating the remarkable success of its Shama brand, which has experienced significant growth and expansion. With a 200% increase in Thailand over the last five years and a leading position in Hong Kong’s serviced apartment market, Shama has established itself as a top choice for modern travellers.

Key News and Developments:

Amari Colombo Sri Lanka: Opening 17^th November 2024

Amari Colombo is strategically situated in Colombo’s vibrant cityscape, offering a harmonious blend of contemporary comfort and traditional Sri Lankan charm. Luxurious accommodation across 167 rooms is tailored to meet the discerning needs of every guest. With a focus on authentic dining and state-of-the-art facilities, the property is poised to deliver an exceptional guest experience catering to both leisure and business travellers.

Amari Vientiane, Laos: Opening Q4 2024

Amari Vientiane, the group’s second Amari brand property in Laos, will join the esteemed Amari Vang Vieng, enhancing ONYX’s presence in this enchanting destination.

Amari Vientiane will offer an exceptional range of world-class amenities, including 248 elegantly designed rooms, a rooftop executive lounge, a specialty rooftop restaurant and bar, extensive event spaces with a ballroom and meeting rooms, a state-of-the-art gym, Breeze Spa, and both adult and children’s pools. Additionally, it will feature a kids’ club and ample parking, all conveniently located just 4.8 kilometres from Wattay International Airport.

Delegates and partners are invited to meet ONYX Hospitality Group at booth D20 to explore partnership opportunities and learn more about the group’s offerings.

Event Details: Dates: 23rd – 25th October 2024
Venue: Sands Expo & Convention Centre, Marina Bay Sands, Singapore

For more information on ONYX Hospitality Group: www.onyx-hospitality.com

Hashtag: #ONYX

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

Recognized for its innovative AI-driven Smart Building Management System, transforming facility operations with predictive technology

HONG KONG SAR – Media OutReach Newswire – 18 October 2024 – As part of NTT Group, a world-leading telecommunications and ICT service provider, NTT Com Asia (NTT) is proud to announce that it has been awarded the Best AI Application Award – Bronze at the 2024 CAHK STAR Awards. This prestigious recognition highlights NTT’s disruptive Smart Building Management System, which leverages advanced AI technologies including deep learning models and large language models (LLM) to optimize building operation & maintenance (O&M), revolutionizing facility management.

The award-winning Smart Building Management System is an expansive and highly scalable IoT platform that collects real-time data from building equipment and devices. The platform ingests and correlates data from diverse array of systems, including building management, access control, surveillance, workforce management, to generate valuable data-driven insights. With over 1 trillion data captured annually within a single building, the robust data foundation with AI enables predictive and optimized operations, delivering precise recommendations and transformative outcomes. These capabilities are particularly crucial for property or facility owners, developers and real estate operators along their digital transformation journey.

“As a global digital infrastructure leader, we are honored to receive the award, which underscores NTT’s commitment to driving innovation by leveraging AI and advanced technologies to achieve business optimization and digital excellence,” said Steven So, Senior Vice President, Data Center Hong Kong, NTT Com Asia. “The Smart Building Management System addresses the staggering demand from modern building and facilities owners for enhanced operational efficiency through the adoption of the latest AI breakthroughs.”

Looking ahead, aligning government’s overall strategies and initiatives to promote the adoption of advanced construction technologies, the Smart Building Management System will play a significant role in contributing to the digitalization of construction industry.

The CAHK STAR Awards, organized by the Communications Association of Hong Kong (CAHK), celebrate outstanding achievements in the telecommunications and ICT industry annually.

For more information about NTT, please visit our website at www.ntt.com.hk.

Hashtag: #NTT

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

About NTT Com Asia

As part of NTT Group, a world-class leader in telecommunications and ICT services, NTT Com Asia Limited (“NTT”) is dedicated to delivering the best ICT infrastructure and disruptive technologies with the vision to enable a smarter world.

Riding on the leading enterprise mobile technology from docomo business in Japan, we are bringing cutting-edge and ready-to-market IoT, AI and other digital solutions to support enterprises to develop a mobile-first strategy in their digitalisation journey.

For more information, please visit: www.ntt.com.hk.

Expanded collaboration to accelerate market growth and unleash new opportunities

HONG KONG SAR – Media OutReach Newswire – 18 October 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced that Trend Vision One™ – Sovereign and Private Cloud (SPC) has achieved Google Cloud Ready – Regulated & Sovereignty Solutions status, further strengthening its vision for driving innovation and delivering enhanced solutions to the market.

Kevin Simzer, COO at Trend: “Trend Micro and Google Cloud are two companies with innovation in their blood. As a Google Cloud Ready partner, we’re dedicated to bringing unmatched flexibility to our customers—whether in the cloud, on-premises or somewhere in between. These are exciting times as we harness the power of AI and continue our mission to secure the digital world, wherever our customers choose to be.”

With Trend Vision One SPC now achieving Google Cloud Ready – Regulated & Sovereignty Solutions status, it is designed for the growing number of organizations in highly regulated industries with strict data sovereignty requirements. This will further help to expand customer reach.

These opportunities continue Trend’s ongoing collaboration with Google Cloud, which includes:

• Google Workspace protection: Trend Micro Cloud App Security has 4 million downloads on Google Workspace Marketplace
• Mobile protection via Trend Micro Mobile Security for Android
• Availability on Google Cloud Marketplace: Trend Vision One™ was listed on Google Cloud Marketplace in 2023

Luke Mason, senior cybersecurity analyst at the City of Columbia, South Carolina: “Organizations like us tend to work with a small and nimble team. By streamlining our security management into a single, comprehensive view, we can assess our domains and prioritize vulnerabilities with better efficiency. This has allowed us to allocate our resources better, address our most critical security needs, and ultimately, protect our city more effectively.”
Hashtag: #trendmicro #trendvisionone #visionone #cybersecurity #googlecloud #googlecloudready #SPC #trendvisiononespc #visiononespc

https://www.trendmicro.com
https://www.linkedin.com/in/trend-micro-hong-kong-96353768/
https://twitter.com/TrendKon
https://www.facebook.com/TrendMicroLimited

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

Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s AI-powered cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, Trend’s platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 70 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.hk

SINGAPORE – Media OutReach Newswire – 18 October 2024 – Philips Monitors, a global leader in display technology, has announced the impactful results stemming from its ongoing Innovation Festival Campaign, inviting consumers to “Experience a New Intelligence in Display Technology.” Launched on August 1 and running through September 30, 2024, this campaign has generated significant engagement across the Asia-Pacific, Middle East, and Africa (APMEA) regions, including Australia, South Korea, Vietnam, Thailand, Indonesia, Malaysia, Hong Kong, Taiwan, Singapore, and the Philippines, of the Asia Pacific region. Appreciation is extended to customers for their enthusiastic support, which has been vital to the campaign’s success.

The Innovation Festival Campaign includes a range of engaging activities, such as collaborations with gaming industry influencers, live streaming events, sales promotions, and workshops with industry professionals. These initiatives effectively showcase the capabilities of Philips Monitors’ latest QD Mini-LED and QD OLED displays, setting new benchmarks for performance and innovation.

QD-Mini LED Models: Unmatched Performance
Philips Monitors’ QD Mini-LED models signify a major advancement in display technology, showcasing an array of enhanced features. Among these, the 27M2N6800ML model stands out with its HDR 1000 capability, providing vibrant colors and deeper blacks for an unparalleled viewing experience. It boasts 1152 local dimming zones, resulting in exceptional contrast and color accuracy, achieving 99% DCI-P3 and 100% sRGB coverage. Moreover, the 27M2N6800ML delivers an impressive refresh rate of 165 Hz, complemented by low input lag technology, making it ideal for fast-paced gaming and high-definition content consumption.

QD-OLED Models: A New Standard in Display Quality
Philips Monitors’ lineup of QD-OLED models sets a new standard in display quality, showcasing their ability to produce pure blacks while maintaining exceptional color fidelity. Models such as the 32M2N8900 feature 10-bit color capability, delivering a wider color gamut and achieving 99% DCI-P3 and 100% sRGB coverage. This model also offers outstanding viewing angles, ensuring that colors remain true from every perspective. Coupled with an ultra-fast 0.03 ms response time and a refresh rate of 240 Hz, the 32M2N8900 is an ideal choice for users who demand smooth visuals and seamless performance, perfectly suited for both gaming and professional applications.

AI-Enhanced Ambiglow: Elevating the Viewing Experience
All featured QD Mini-LED and QD OLED models are equipped with AI-enhanced Ambiglow technology, enriching the viewing experience by creating a dynamic halo of light that synchronizes with the display’s colors. The advanced AI processor continually analyzes incoming content, dynamically adapting color and brightness to enhance immersion and engagement, making every gaming session feel truly transformative. In addition, this innovative feature is game-adaptive, automatically adjusting brightness to suit ambient lighting conditions and offers AI-driven effects tailored to various gaming genres for cutting-edge customizability.

The Philips Innovation Festival Campaign continues its commitment to delivering top-tier display technology that revolutionizes how customers interact with their digital environments. Stakeholders are encouraged to join Philips Monitors in celebrating innovation and excellence.

For more information about Philips’ latest display technology innovations, please visit Home – Philips Monitor (mmdinnovationhub.com).

QD-Mini LED Monitors
Model	Size	Resolution	Dimming Zones	Brightness	HDR	Connectivity
27M2N6800ML	27″	3840 x 2160@165Hz	1152 zones	1200nits	HDR1000	HDMI2.1, DP1.4, USB Hub
32M2N6800ML	31.5″	3840 x 2160@165Hz	1152 zones	1200nits	HDR1000	HDMI2.1, DP1.4, USB Hub
32M2N6800M	31.5″	3840 x 2160@144Hz	1152 zones	1250nits	HDR1000	HDMI2.1, DP1.4, USB Hub
QD-OLED Monitors
Model	Size	Resolution	Refresh Rate	Brightness	HDR	Connectivity
27M2N8500	27″	2560 x 1440@360Hz	0.03ms GtG	1000nits	HDR True Black 400	HDMI2.1, DP1.4, USB Hub
27M2N8800	27″	3840 x 2160@240Hz	0.03ms GtG	1000nits	HDR True Black 400	HDMI2.1, DP2.1, USB Hub
32M2N8800	31.5″	3840 x 2160@240Hz	0.03ms GtG	1000nits	HDR True Black 400	HDMI2.1, DP1.4, USB Hub
32M2N8900	31.5″	3840 x 2160@240Hz	0.03ms GtG	1000nits	HDR True Black 400	HDMI2.1, DP1.4, USB-C, USB Hub
QD-OLED Ultra-wide Monitors
Model	Size	Resolution	Refresh Rate	Brightness	HDR	Connectivity
34M2C8600	34″	3840 x 1440@175Hz	0.03ms GtG	1000nits	HDR True Black 400	HDMI2.0, DP1.4, USB-C, USB Hub
49M2C8900L	49″	5120 x 1440@144Hz	0.03ms GtG	1000nits	HDR True Black 400	HDMI2.0, DP1.4, USB-C, USB Hub

Hashtag: #PhilipsMonitors #philipsinnovationfestival

https://mmdinnovationhub.com/
https://www.facebook.com/philipsmonitors.global

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

About Philips Monitors

Philips was founded as far back as 1891 in the Netherlands, and has since engaged in more than a century of innovation and entrepreneurship.

Thanks to the company developing timeless business values, Philips has become one of the most highly recognized and trusted brands in the world today. This comes from a tradition of caring about people’s needs, innovating based on ever-changing insights, and working to make a positive change in people’s lives – traditions as meaningful now as they were in the company’s beginnings.

Philips monitors stand for excellent picture quality, and providing innovative solutions to problems people really care about. To reflect this Philips commitment, Philips has created the slogan: ‘Innovation and You’. – See more at www.philips.com

BANGKOK, THAILAND – Media OutReach Newswire – 18 October 2024 – The inaugural Asia-Pacific Heart Summit kicked-off today in Bangkok, bringing together over 100 delegates from across the region to confront the urgent need for greater public and policy awareness of cardiovascular disease (CVD), the leading cause of death in the Asia-Pacific. Co-hosted by the Thailand Ministry of Public Health-Department of Medical Services (MOPH-DMS), the National Health Security Office (NHSO), and the Asia-Pacific Cardiovascular Disease Alliance, the Heart Summit highlights the pressing need to address the low levels of awareness despite the devastating impact of CVD.

The Burden of Disease
Cardiovascular disease (CVD) is responsible for a devastating 19 deaths every minute and over 10 million deaths annually across the Asia-Pacific region, yet public awareness and policy focus on this pressing issue remain critically low. With the economic toll of CVD exceeding USD $177 billion in direct healthcare costs, vulnerable communities—especially those in rural and underserved areas—are disproportionately affected. ¹

As home to 60% of the world’s population, Asia-Pacific is marked by immense diversity in ethnicity, culture, and socioeconomic status, and faces unique challenges in both the prevention and treatment of CVD. The leading risk factors—including high cholesterol, high blood pressure, obesity, smoking, and physical inactivity—are intricately linked to broader societal factors like healthcare, education, and urban planning. Although these risk factors are largely preventable with early identification and intervention¹, a lack of sufficient health education and awareness is contributing to their alarming rise.

Lower- and middle-income countries in the region face additional hurdles, including gaps in medical infrastructure, a shortage of CVD specialists, and limited access to quality healthcare, particularly in rural areas where resources are scarce compounding the issues further.¹ The Summit seeks to bridge these gaps by fostering greater collaboration and generating momentum for comprehensive action.

Dr. Taweesin Visanuyothin, Director General, Department of Medical Services Ministry of Public Health,Thailand, emphasized the implementation of a seamless healthcare service which encompasses four key activities for promoting health literacy and CVD prevention.

They are:

1. Firstly, increasing public awareness of NCDs and CVD, focusing on educating communities about the risks and preventive measures;
2. Secondly, expanding screening efforts to include comprehensive CVD risk assessments, particularly in underserved areas;
3. Thirdly, empowering primary care providers to play a more active role in managing CVD by ensuring they have access to essential medicines and tools for effective treatment.
4. And finally, enhancing surveillance systems by developing national registries and databases for NCDs and risk factors, which will enable better tracking and tailored interventions.

The Summit also emphasizes the importance of developing cohesive CVD strategies and of integrating innovative national policies inclusive of digital technologies, as well as sustainable healthcare financing to combat CVD effectively. Japan’s Cerebrovascular and Cardiovascular Disease Control Act is presented as a model, showing how policy innovation can drive improvements in public health systems across the region.

Discussions will also focus on developing sustainable financing mechanisms to ensure equitable access to care, prioritizing the needs of the high-risk populations. Although both men and women are affected by CVD, the impact on women is frequently under-recognized, and treatment solutions are often not designed with their specific needs in mind. It is crucial to build gender-responsive strategies that address the unique barriers women face in CVD diagnosis and care, while also acknowledging the differences in how the disease affects men and women.

A Call for Collective Action

Dr. Panthep Khananuraksa, Expert, National Health Security Office, Thailand, reinforced their commitment to creating lasting change: “Despite the enormous toll CVD takes on lives, there is still a gap in public understanding and policy focus. Cardiovascular disease, including stroke and ischemic heart disease (IHD), is responsible for the highest number of CVD-related deaths in Thailand.

Our commitment to combating CVD is grounded in the need to raise awareness. This first Heart Summit is a starting point for creating lasting change, where all communities, regardless of their location or circumstances, have access to the care and prevention tools they need to reduce these preventable deaths. Collaboration across multiple stakeholders, including the public and patient groups, will be critical to ensuring we build a system that serves everyone effectively.” added Dr. Panthep.

Dr. N Krishna Reddy, CEO of ACCESS Health International and a representative of the Asia-Pacific Cardiovascular Disease Alliance, highlighted: “As we gather at the Asia-Pacific Heart Summit, we are not just discussing cardiovascular disease; we are charting a new course for comprehensive care. CVD requires an all-hands-on-deck, multi-stakeholder approach. Everyone has a role to play—from governments and civil society organizations to the private sector and healthcare industry across the region. Our collective efforts in prevention, treatment, and policy will shape a future where cardiovascular health is prioritized and accessible for all.”

Moving Forward
The Summit will conclude on 19 October 2024, with a Call to Action encouraging governments and stakeholders to join forces in implementing critical measures and actionable strategies to address CVD in the region. Additionally, the World Heart Federation will highlight global policy advocacy priorities required to address the gaps in awareness and prepare for the 2025 UN High-Level Meeting on NCDs, where cardiovascular disease will be a key focus.

Notes to Editor:
¹Asia-Pacific CVD Burden Report, APAC CVD Alliance, 2024 (https://apac-cvd.org/publications/)

More information can be found on the Summit’s website: https://apac-cvd.org/asia-pacific-heart-summit/. More content and the Call to Action to be will be made available after the event.
Hashtag: #Asia-PacificCardiovascularDiseaseAlliance

https://www.linkedin.com/company/apac-cvd/?viewAsMember=true

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

About the Co-Hosts:

Thailand Ministry of Public Health – Department of Medical Services (MOPH-DMS):
The MOPH-DMS leads Thailand’s public healthcare initiatives, focusing on the prevention, treatment, and management of major health challenges, including cardiovascular disease.

National Health Security Office (NHSO):
The NHSO ensures equitable access to healthcare services for all Thai citizens through its Universal Health Coverage scheme, with a focus on strengthening health systems and improving care for non-communicable diseases such as CVD.

Asia-Pacific Cardiovascular Disease Alliance (APAC CVD Alliance):
The APAC CVD Alliance is a coalition of stakeholders committed to transforming cardiovascular health in the region by promoting multisectoral collaboration, innovative care models, and policy reform.

Octa, a broker with globally recognised licences, will conduct an online trading workshop, ‘Profit Formula’, on 31 October. The event aims to bring the trading community together to share trading expertise. It will feature top industry experts covering crucial trading-related topics and revealing the secrets of achieving consistent success in the financial markets.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 18 October 2024 – Many success stories in trading involve continuous learning as an essential requirement for progress. This is only natural since, in the trading world, there is no such thing as a perfect approach: any strategy should be regularly readjusted to match market conditions.

A global broker with extensive experience, Octa places particular emphasis on education as a key to positive trading outcomes. To share financial knowledge and best trading practices, Octa will conduct a one-day online meetup featuring several successful trading mentors with significant expertise in the financial markets. The speaker lineup includes:

• Gero Azrul, best-selling author and full-time trader with 17 years of experience.
• Safira Sallehudin, trading coach and content creator.
• Farhie Syamil, coach, speaker, and professional trader with 14 years of experience.
• Kar Yong Ang, professional trader with 10 years of experience. Holds the ‘Most Popular FX Trainers in Malaysia’ award by WikiFX.

Guest speakers of the ‘Profit Formula’ workshop will cover a broad range of topics, including:

• understanding the macroeconomic trends of 2024 and their impact on trading;
• minimising losses by choosing a solid strategy;
• finding a broker with favourable trading conditions and capitalising on them.

The meetup will include a live trading session and a prize draw with a chance to win a smartphone. All participants will receive certificates of attendance, practical educational materials, and 100% bonuses on their deposits.

The ‘Profit Formula Trading Workshop’ is free for all participants and requires only being registered on the Octa website. For more information on the Octa’s online webinars and conferences, visit this page: click here.
Hashtag: #Octa

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

Octa

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

The upcoming BRICS summit in Kazan, Russia, is closely monitored for potential developments in economic cooperation and currency strategies. With the introduction of new members and the ongoing development of a BRICS currency, this gathering could mark a significant turning point in international finance. Will the summit unveil a new era of economic cooperation and bring about a new currency? Global broker Octa provides the analytics.

• The BRICS organisation has evolved from a discussion forum to a more active player in global affairs.
• The creation of a common BRICS currency is a major focus of the upcoming summit in Kazan.
• Implementing a new BRICS currency presents significant challenges but also offers potential benefits for the member states.
• The success of a BRICS currency could have a profound impact on the international financial system, potentially challenging the dominance of the U.S. dollar.
• Gold is likely to play a role in the new currency development, as evidenced by increased gold purchases by BRICS central banks.
• While the full implications of a BRICS currency are uncertain, its development could mark a significant shift in the global economic landscape.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 17 October 2024 – BRICS countries are due to meet for their 16^th annual summit in Kazan, Russia, on 22-24 October. BRICS, a fast-growing intergovernmental organisation currently consisting of nine member states (Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Aran Emirates), has been holding regular summits since 2009. However, many past gatherings have been relatively low-key, as BRICS was considered primarily as a platform for discussion and viewed mainly as a forum for dialogue. Still, there have been notable exceptions, and the organisation has been getting increasingly more vocal lately.

• In 2009, following the 1^st Summit in Yekaterinburg, Russia, the BRIC group (South Africa was not part of the organisation then) declared the need for a new world reserve currency. Although the official statement did not include any explicit intentions or an action-plan, it was the first time the U.S. dollar dominance was challenged on such a high level.
• In 2014, at its 6^th Summit held in Fortaleza, Brazil, BRICS adopted the so-called Fortaleza Declaration and Action Plan. It laid out the organisation’s plans for the future and focused on political dialogue, economic cooperation and integration, and cultural exchange.
• The 14^th Summit, presided by China in 2022 and hosted virtually, aimed to strengthen cooperation among the five member states. It was at this summit that Russia’s president announced that the organisation was working to design a new reserve currency based on a basket of BRICS currencies.
• The 15^th Summit, which took place in Johannesburg, South Africa, in 2023 was particularly notable as five new countries were invited to join the organisation (Argentina, Egypt, Ethiopia, Saudi Arabia, and United Arab Emirates). Although Argentina later declined to accept the invitation, other countries officially became members of BRICS on December 29, 2023 with Saudi Arabia joining later.

‘It is quite clear that BRICS summits are getting progressively noteworthy, and the organisation can no longer be dismissed as a mere talking shop. This year, the BRICS meeting may prove to be yet another turning point, especially for international finance,’ says Kar Yong Ang, a financial market analyst at Octa Broker.

Indeed, the summit in Kazan might potentially produce substantial and meaningful developments with significant and far-reaching implications. Specifically, the creation of a common BRICS currency is expected to be included in the agenda. ‘It [BRICS common currency] is arguably the most ambitious project in international finance since the introduction of euro in 1999,’ says Kar Yong Ang, noting that while rumors about the BRICS currency have been circulating for years, they are now more likely than ever to become reality in the near future.

Still, Octa Broker does not expect a new currency to be fully unveiled during the summit in Kazan but anticipates substantial advancements in its conceptualisation and development. Despite its many benefits, there are significant challenges to overcome before such a currency can be successfully implemented. Furthermore, it is not entirely clear if the BRICS is aiming to create a mere means of exchange between its members to settle transactions in international trade or is building something more grandiose, such as a Monetary Union, akin to Eurozone, with its own central bank. ‘For now, a Monetary Union is certainly out of the question,’ argues Kar Yong Ang, a financial market analyst at Octa Broker. ‘It would require years if not decades of preparation, harmonisation of central banks’ policies and an agreement between states to replace their sovereign currencies with a new, common legal tender. It is not going to happen any time soon.’

Indeed, BRICS does not seem to be aiming for economic convergence. Instead, it wants a technical solution that would enable more efficient cross-border transactions. In other words, BRICS wants to establish a common means of exchange that will be internationally accepted by all the members of the organisation, with transactions settled in an independent BRICS payment system. In fact, BRICS is attempting to solve a very tangible problem. When two countries trade with each other and pay each other in their national currencies (which is the case with some BRICS members), a country which sells more and runs a trade surplus will end up with a surplus of another country’s currency.

Kar Yong Ang, a financial market analyst at Octa Broker, notes: ‘BRICS currency will not be a currency per se. It will not take a physical form, so it will be notional in some sense. Its main purpose is to act as a simple technical solution.’ Indeed, at the onset, BRICS common currency will likely be purely digital and will be used exclusively on the BRICS payment platform, called mBridge, supported by the Bank of International Settlement (BIS). BRICS’ mBridge will serve as a gateway for settlements in central bank digital currencies (CBDs). Effectively, it will act as an alternative to today’s most commonly used payment platform, called Society for Worldwide Interbank Financial Telecommunication (SWIFT) system.

Recent research suggests that a new BRICS currency (or mBridge unit) will be based on gold and the basket of BRICS sovereign currencies with a ratio of 40% to 60%—that is, 40% gold and 60% BRICS currencies. Given that China is the BRIC’s largest economy, it is assumed that the currencies’ basket will be dominated by yuan. However, it remains to be seen whether India will endorse this solution, considering its less-than-ideal relations with China. In any case, if BRICS announces a roadmap to common currency or otherwise makes progress on its establishment, the development of a BRICS currency may affect the U.S. dollar and gold markets.

Indeed, should BRICS succeed in launching a peer-to-peer digital currency platform for cross border payments, the demand for U.S. dollars will almost certainly drop. On the contrary, the demand for gold will rise. In fact, over the past year or so BRICS central banks have been doing exactly that—buying gold and selling U.S. Treasury bonds. No wonder gold has been hitting new highs every month since March 2024 and continues to trade near all-time highs. Overall, a new currency will enable BRICS countries to conduct seamless payments across borders, cut transactionary costs and make them more independent. The broader impact on the global scale is hard to contemplate at this point, but it can potentially be very significant. At no time before has the U.S. dollar hegemony been challenged to such a degree that its very status as a reserve currency becomes questionable. Although BRICS is still far from replacing the greenback, the initiative may introduce new dynamics that could impact the dollar’s position in international trade.
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