SINGAPORE – Media OutReach Newswire – 7 November 2024 – The Asia Pacific Enterprise Awards (APEA) 2024 Regional Edition is pleased to honor Provincial Electricity Authority with an award under the Inspirational Brand category. Presented by leading regional NGO Enterprise Asia, the APEA is a reputable award recognition program recognizing entrepreneurial excellence across Asia.

The Provincial Electricity Authority (PEA) is a state enterprise under the Ministry of Interior, responsible for providing electricity in 74 provinces; except Bangkok, Nonthaburi, and Samut Prakan. It has approximately 22 million customers and is evolving into a digital utility, supporting Thailand’s goal of becoming a regional hub in all aspects. Thus, PEA emphasizes the provision of standardized electricity services and related businesses to enhance quality, stability, and reliability.

PEA enhances national energy security, develops infrastructure, supports economic growth, promotes business competition and fair price structures, and promotes energy efficiency including green alternative energy. To increase brand awareness, engagement, and loyalty among stakeholders, PEA has continually launched a Brand Communication Plan set in 5 dimensions: (1) Services and Related Businesses, (2) Electricity Systems, (3) Technology and Innovation, (4) Policies and Good Governance, and (5) Society and Environment.

The PEA communication strategy also aligns with its corporate strategy and corresponds with stakeholders. The company modernizes its corporate logo and has launched a new mascot, “Watt-D” to present its brand personality as trendy, friendly, easily accessible, and recognizable.

Analyses of PEA’s brand communication and satisfaction through exploratory research (over 1,000 participants nationwide) and in-depth interviews, demonstrate that stakeholder satisfaction and engagement are at a high level. Participants were most satisfied with the role of PEA in social responsibility, being the friendly and creative brand they are. The brand achieved the highest score for trustworthy services, technology reliability, and product satisfaction.

PEA’s enduring brand reputation is built on a foundation of quality and reliability. By consistently delivering high-quality electricity distribution and services, PEA has not only satisfied its customers but has also fostered a sense of national pride. This commitment to excellence will allow the company to continue to thrive and influence innovation in Thailand’s energy industry.
Hashtag: #EnterpriseAsia

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

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.

About Asia Pacific Enterprise Awards

Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/regions and markets all over Asia. For further information, please visit www.apea.asia.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 November 2024 – Successful traders often emphasise that their journey in the financial markets entails continuous learning as a crucial element of progress towards long-term goals. While sourcing knowledge from educational materials online is a must for any aspiring trader, live interaction with like-minded individuals can become the icing on the cake that inspires and brings new meaning to the trading journey. Octa, a broker with globally recognised licences, recaps the offline events held in 2024 in Malaysia and outlines the role of networking in trading success.

In 2024, Octa held three offline events for traders to boost their potential, highlight the importance of continuous learning in trading, and drive efficient networking.

On 24 February, Octa joined forces with Ezone Constantine, a trading expert and coach, to hold an event called ‘Trading 101: workshop for beginners‘ in Kuala Lumpur.

This event aimed to help beginner traders learn Forex and achieve desired financial results. It was the second instalment in the series of workshops for emerging traders and part of Octa’s continuous effort to create a dedicated community for beginner traders in Malaysia. Through this series of offline seminars, the broker aims to create a thriving community of Malaysian traders on their journey in the financial markets and help them learn the secrets of the trade.

The speaker, Ezone Constantine, a professional investor and Forex trader, covered a broad scope of topics, including:

• What do traders need to know before starting their career in the financial markets?
• How do financial markets work?
• What are the best ways to make a profit as a trader?
• What are the first steps a new trader should take to succeed?
• How to choose a broker while avoiding scammers?

The ‘Trading 101‘ event allowed emerging traders to network with their peers and receive support and personal guidance from Octa and the guest expert. Participants received unique gifts from Octa and were granted access to a professional learning portal with exclusive materials. The takeaways included insights into managing the psychological aspects of trading and mastering essential calculations tailored to their capital, ensuring optimal entry points, stop-loss ratios, and take-profit levels.

On 17 August, Octa reinforced the positive effect of the first workshop by conducting yet another offline seminar for traders, similar in spirit to ‘Trade 101’. The discussion revolved around strategising and using trading tools to maximise profits and get a successful start in trading financial markets. By holding this event, Octa emphasised the importance of networking and reinforcing the acquired financial knowledge and trading skills by engaging with like-minded and success-driven individuals.

On 18 November, Octa conducted another offline workshop for traders in Kuala Lumpur. The event gathered more than 130 participants who had a rare opportunity to learn from leading trading experts, follow their live trading sessions, and take a deep dive into their strategic mindsets. The event also included panel discussions and a Q&A session, which drove better mutual understanding and more efficient networking.

For Octa, one of the key takeaways from this series of workshops was the high interest of Malaysian traders in such events. In-person events inspire local traders and fuel their passion for conscientious, goal-focused interaction with the financial markets. These events help Octa build up the local trading community like nothing else, allowing participants to share ideas, drive self-development and learning, and discuss hot trading topics in a friendly, affirming environment. Next year, Octa will continue this tradition by organising even more offline seminars for traders, which means more exciting speakers, enriching content, and productive networking.
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.

HONG KONG SAR – Media OutReach Newswire – 7 November 2024 – Madame Tussauds Hong Kong, a brand under the Merlin Entertainment Group, is set to announce that the wax figure of actor Ahn Hyo Seop, known for his rising popularity in Business Proposal, will be joining us soon. This presents a rare opportunity for fans to experience a “romantic proposal” with him up close.

Hashtag: #MadameTussaudsHongKong #AhnHyoSeop

https://www.madametussauds.com/hong-kong/en/
https://x.com/TussaudsHK
https://www.facebook.com/madametussaudshongkong/
https://www.instagram.com/madametussaudshongkong/

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

About Madame Tussauds Hong Kong

About Merlin Entertainments

Merlin Entertainments is a global leader in location-based, family entertainment. As Europe’s Number 1 and the world’s second-largest visitor attraction operator, Merlin operates 140 attractions, 23 hotels and 6 holiday villages in 24 countries and across 4 continents. Merlin’s purpose is to deliver memorable experiences to its millions of guests around the world, through its iconic brands and multiple attraction formats, and the commitment and passion of its employees.

ABU DHABI, UAE – Media OutReach Newswire – 7 November 2024 – The Zayed Sustainability Prize, the UAE’s pioneering award for sustainability and humanitarianism, has announced 33 finalists for innovative solutions to global challenges from 5,980 submissions across 156 countries. These innovators leverage AI and advanced tech to address carbon capture, sustainability, and essential access to clean energy, water, food, and healthcare.

Winners will be announced at the Zayed Sustainability Prize Awards on January 14, 2025, during Abu Dhabi Sustainability Week. Finalists span six categories: Health, Food, Energy, Water, Climate Action, and Global High Schools, reflecting a 15% increase in entries from the previous year, including from SMEs, non-profit organisations, and high schools.

H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Director General of the Zayed Sustainability Prize, and COP28 President, highlighted that the finalists demonstrate exceptional innovation and impact.

“This cycle, we received an unprecedented number of submissions, with notable participation from the Global South and youth. In fact, this year’s submissions reflect the three megatrends shaping our future, namely the rise of the Global South, the pace of the energy transition and the growth of AI.

These changemakers are tackling urgent environmental challenges head-on, while simultaneously advancing economic progress through innovative solutions. By leveraging emerging technologies, such as AI, carbon capture and removal, tidal energy, precision agriculture, biomimicry, and climate analytics, they are addressing the needs of the moment while inspiring the next generation to innovate and drive sustainability in impactful ways.”

Health finalists this year provide quality healthcare to underserved, remote communities.

The Health finalists are:
· Periwinkle Technologies (India): Portable AI-enabled cervical cancer screening with 30-second results.
· Rology (Egypt): 24/7 AI-assisted teleradiology for quick, accurate diagnoses.
· Telemedan (Chad): Solar-powered medical kiosks for affordable healthcare in remote areas.

Food finalists aim to empower small-scale producers, support sustainable food preservation, and convert arid land into productive farms.

The Food finalists are:
· ABALOBI (South Africa): Mobile app and marketplace for small-scale fishers to log catches and sell directly.
· Nafarm Foods (Nigeria): Hybrid solar food dryers to preserve food and reduce CO2 emissions.
· Xinjiang Shawan Oasis Institute (China): Solar-powered smart greenhouses transforming desert land into farms.

Energy finalists provide solutions to boost energy efficiency and expand access to clean energy and transportation.

The Energy finalists are:
· D-Olivette Global Enterprise (Nigeria): IoT and AI-driven smart waste management, boosting efficiency by 40%.
· Palki Motors Limited (Bangladesh): Low-cost electric cars with solar-powered battery swap stations.
· Turbulent (Belgium): Eco-friendly vortex hydropower turbines with 60% efficiency.

Water finalists focus on optimising water use and enhancing access to clean drinking water.

The Water finalists are:
· Elman Teknoloji Ltd (Türkiye): Sensor-based water optimization in irrigation, reducing labor costs by 80%.
· High Atlas Foundation (Morocco): Solar-powered water pumping for optimized groundwater extraction.
· SkyJuice Foundation Inc. (Australia): Affordable, easy-to-deploy water filters requiring no chemicals or external energy.

Climate Action finalists are advancing carbon capture, ecosystem restoration, and climate resilience.

The Climate Action finalists are:
· Distant Imagery (UAE): AI-powered drones for environmental monitoring, seed planting, and habitat restoration.
· Hyera Inc. (USA): Carbon capture technology converting waste into activated carbon to remove water pollutants.
· OpenMap Development Tanzania (Tanzania): Flood management solution integrating indigenous knowledge with geospatial data

The Global High Schools’ finalists presented project-based, student-led sustainability solutions, with finalists divided into six regions. The regional finalists include:

The Americas:
Centro de Estudios Tecnológicos del Mar 07, Mexico
Institución Educativa San Nicolás de Tolentino, Colombia
Mulgrave School, Canada

Sub-Saharan Africa:
Mpesa Foundation Academy, Kenya
Sakafia Islamic Senior High School, Ghana
St Kizito High School Namugongo, Uganda

Middle East & North Africa:
Benlahrech Said High School, Algeria
Merryland International School Abu Dhabi, UAE
Obour STEM School, Egypt

Europe & Central Asia:
Baku Modern Educational Complex, Azerbaijan
Gebze Bahçeehr Science & Technology High School, Türkiye
Presidential School in Tashkent, Uzbekistan

South Asia:
Faafu Atoll Education Centre, Maldives
Girls Higher Secondary School Khaplu, Pakistan
Janamaitri Multiple Campus, Nepal

East Asia & the Pacific:
Beijing World Youth Academy, China
Te Pā o Rākaihautū, New Zealand
Votualevu College, Fiji

In the Health, Food, Energy, Water and Climate Action categories, each winner receives US $1 million. Each of the six winning Global High Schools receives up to US $150,000.

Hashtag: #ZayedSustainabilityPrize

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

HONG KONG SAR – Media OutReach Newswire – 6 November 2024 – The first baijiu company listed on the Hong Kong Stock Exchange, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), is pleased to announce that the Group has been awarded the Excellence Award for First-Year Listed Companies and the Best New Entry in “General” Category at the 2024 Best Annual Reports Awards (the “Awards”) organized by the Hong Kong Management Association (HKMA). This is the first time ZJLD Group has participated in the HKMA Annual Reports awards, and these outstanding achievements fully demonstrate the Group’s exceptional strengths in disclosure transparency and corporate governance.

The Hong Kong Management Association is one of the most authoritative management professional organizations in Hong Kong. It has been hosting the “Best Annual Reports Awards” competition annually since 1973, intending to recognize listed companies and non-profit organizations that have produced exemplary annual reports regarding comprehensive content, readability, and attractive design. The evaluation criteria include compliance with the international accounting standards and the governing rules issued by Hong Kong Exchanges and Clearing Limited as well as the Hong Kong companies ordinance, ESG disclosure, overall design, readability and conciseness, performance summary and insights, management discussion and analysis (MD&A), development prospects, sustainability, and timeliness of the annual report. The purpose of the Awards is to encourage the publication of timely, accurate, informative and well-presented annual reports for shareholders, stakeholders, employees and others interested in the Company and to recognize and honor the organizations for their exemplary achievement in producing such reports.

ZJLD Group’s annual report stood out for its comprehensive content, detailed disclosure, and excellent demonstration of business operations, capital operations, and corporate governance. The report also effectively conveyed the Group’s commitment to information disclosure and sincere communication with its stakeholders. The clean and concise design, coupled with the extensive use of charts and multimedia elements, made the report highly readable and enabled investors to easily understand the Company’s business, development strategies, and prospects, earning high praise from the judging panel.

Mr. Paul Ng, the Executive Director and Head of International Operations of ZJLD Group, stated, “We are honored to have achieved such remarkable results in our first participation in the HKMA Best Annual Reports Awards. This not only affirms the Group’s unwavering efforts in corporate governance and information disclosure but also highlights our firm commitment to protecting shareholders’ interests and enhancing the Company’s transparency. We want to thank all our colleagues and partners for their dedicated efforts and contributions. Building on this award, we will continue to uphold our excellence in corporate governance, further optimize the content and presentation of our annual report, and continuously enhance the Group’s transparency and disclosure to solidify our industry-leading position and create great value for our shareholders.”

Hashtag: #ZJLD

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

About ZJLD Group Inc.

Zhen Jiu was established in 1975 in Zunyi, Guizhou, China’s primary production area of sauce-aroma baijiu. In 1988, it was honored with the National Quality Award at the 5th National Wine Appreciation Conference. In the same year, it was announced by the Protocol Department of the Ministry of Foreign Affairs, the Communication Department of the Ministry of Economy and Trade, and the Great Hall of the People Management Bureau as one of the two sauce-aroma baijiu served at state banquets. It is also well received as one of the “Three Most Representative Baijiu Brands in Guizhou”.

ZJLD Group Inc. is a leading baijiu group in China that is devoted to offering premium baijiu products, including sauce-aroma, mixed-aroma, and strong-aroma. In terms of revenue in 2023, the Company was the third-largest private baijiu company in China, according to Frost & Sullivan statistics. The Company operates four baijiu brands in China, including two national brands, Zhen Jiu and Li Du, and two regional brands, Xiangjiao and Kaikouxiao. ZJLD prides itself on inheriting the time-honored baijiu-brewing techniques and reinvigorating them to develop iconic products. It strives to create a wide variety of aromatic and mellow baijiu products to meet the diverse preferences of consumers, seize broader market opportunities, and promote traditional Chinese baijiu culture.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 November 2024 –

Current developments and key facts
As of 7:00 a.m. UTC, most data providers, including ABC, CBS, NBC, and CNN, projected that Donald Trump would become the next president of the United States. However, even as Trump’s victory looks almost guaranteed at this point, it is the balance of power in the U.S. Congress that will determine how successfully and effectively the next president will be able to govern. So far, Republicans have won an extra seat in the Senate, but neither of the parties has a clear advantage in the battle for the House of Representatives. Overall, the counting of votes is still at a relatively early stage, and it could be hours or even days before a final outcome is known. The contest will come down to seven swing states, only three of which (North Carolina, Georgia, and Pennsylvania) have been most likely won by Trump so far. Still, judging by the latest market reaction, it appears reasonable to infer that global investors are pricing in a decisive victory by Donald Trump.

Initial market impact and reactions
As of 7:00 a.m. UTC, the global markets were positioned for Donald Trump’s victory. U.S. Treasury yields and U.S. stock benchmark indices rallied sharply, pushing the U.S. Dollar Index (DXY) higher. Given that, it is no wonder other major fiat currencies plunged, with EURUSD and GBPUSD down 1.82% and 1.32%, respectively, while bitcoin hit a new all-time high of $75,410, as per Coinbase.

‘Such a dramatic shift in market sentiment is explained by Trump’s official policies, or more precisely by the possible effect these policies are likely to have,’ says Kar Yong Ang, a financial market analyst at Octa Broker. ‘Generally, it all boils down to Trump’s tax, immigration, and trade policies, which differ greatly from what Harris proposed. The market perceives them as inflationary, which is why we are seeing a bullish impact in the U.S. dollar.’

The United States controls the world’s primary reserve currency, the U.S. dollar, so only a few countries will not feel the effect of the latest U.S. presidential and congressional elections. Major currencies are already experiencing the initial impact. ‘Major currencies are falling predominantly because the U.S. dollar is rising, but there is also a fear that Trump’s policy on tariffs may hit their domestic economies,’ Kar said.

Indeed, the primary reason for such a dramatic decline in EURUSD, for example, is that investors fear that Trump’s policies on immigration and taxes will spur inflation and force the Federal Reserve (Fed) to tighten its monetary policy. This could widen the difference in interest rates between the U.S. and the Eurozone, making the U.S. dollar more attractive to investors. Additionally, Trump has previously mentioned the possibility of imposing tariffs on European goods such as automobiles and chemicals, which adds to economic concerns. According to some analysts, Trump’s proposed 10% universal tariff on all U.S. imports may erode Europe’s GDP by up to 1.5% or about €260bn. A similar kind of impact may await the United Kingdom, where Trump’s blanket tariffs would hit billions of pounds of U.K. automotive, pharmaceutical, and liquor exports. It stands to logic that GBPUSD was down more than 1.3% today.

For similar reasons, CNYUSD (Chinese renminbi / U.S. dollar spot rate) hit a 3-month high. ‘For the Chinese economy, the risks are even greater, as Trump promised to impose higher tariffs on Chinese goods. On top of that, under his administration, tensions are likely to grow over the CNYUSD exchange rate,’ comments Kar Yong Ang, a financial market analyst at Octa Broker. Although the currency policy of the future Trump Administration is unclear, in his interview with Bloomberg, he had this to say: ‘We have a big currency problem because the depth of the currency now in terms of strong dollar / weak yen, weak yuan, is massive.’

Interestingly, the impact on the gold market has been relatively muted so far. As of 7:00 a.m. UTC, XAUUSD was down 1.2%, but historically, it is not a significant swing, especially given how much the U.S. dollar has strengthened. ‘Because Trump’s victory appears to be decisive, it lowers the probability of social tensions in the U.S., which is not a minor factor considering how fractious U.S. politics has become lately. Thus, XAUUSD is selling off, but I think there are bullish risks ahead as relations between China and the U.S. turn bitter,’ comments Kar Yong Ang. Analysts suggest that Donald Trump’s policies could escalate trade tensions between the U.S. and China, which may increase the appeal of gold as a safe-haven asset. Additionally, his proposed large-scale tax cuts could potentially widen the U.S. fiscal deficit, prompting some strategic investors to move away from the U.S. dollar and into alternative assets like gold and bitcoin. Notably, BTCUSD reached a new all-time high following the news of Trump’s projected victory, as he is generally perceived to be more supportive of cryptocurrencies compared to Harris.

In the short term, all the bullish dollar trades may temporarily reverse as traders buy the dips in EURUSD and GBPUSD in hope of a technical rebound. In the long term, however, the bearish pressure on these pairs will likely persist.
Hashtag: #octa #trump

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.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 November 2024 –

Current developments and key facts
As of 7:00 a.m. UTC, most data providers, including ABC, CBS, NBC, and CNN, projected that Donald Trump would become the next president of the United States. However, even as Trump’s victory looks almost guaranteed at this point, it is the balance of power in the U.S. Congress that will determine how successfully and effectively the next president will be able to govern. So far, Republicans have won an extra seat in the Senate, but neither of the parties has a clear advantage in the battle for the House of Representatives. Overall, the counting of votes is still at a relatively early stage, and it could be hours or even days before a final outcome is known. The contest will come down to seven swing states, only three of which (North Carolina, Georgia, and Pennsylvania) have been most likely won by Trump so far. Still, judging by the latest market reaction, it appears reasonable to infer that global investors are pricing in a decisive victory by Donald Trump.

Initial market impact and reactions
As of 7:00 a.m. UTC, the global markets were positioned for Donald Trump’s victory. U.S. Treasury yields and U.S. stock benchmark indices rallied sharply, pushing the U.S. Dollar Index (DXY) higher. Given that, it is no wonder other major fiat currencies plunged, with EURUSD and GBPUSD down 1.82% and 1.32%, respectively, while bitcoin hit a new all-time high of $75,410, as per Coinbase.

‘Such a dramatic shift in market sentiment is explained by Trump’s official policies, or more precisely by the possible effect these policies are likely to have,’ says Kar Yong Ang, a financial market analyst at Octa Broker. ‘Generally, it all boils down to Trump’s tax, immigration, and trade policies, which differ greatly from what Harris proposed. The market perceives them as inflationary, which is why we are seeing a bullish impact in the U.S. dollar.’

The United States controls the world’s primary reserve currency, the U.S. dollar, so only a few countries will not feel the effect of the latest U.S. presidential and congressional elections. Major currencies are already experiencing the initial impact. ‘Major currencies are falling predominantly because the U.S. dollar is rising, but there is also a fear that Trump’s policy on tariffs may hit their domestic economies,’ Kar said.

Indeed, the primary reason for such a dramatic decline in EURUSD, for example, is that investors fear that Trump’s policies on immigration and taxes will spur inflation and force the Federal Reserve (Fed) to tighten its monetary policy. This could widen the difference in interest rates between the U.S. and the Eurozone, making the U.S. dollar more attractive to investors. Additionally, Trump has previously mentioned the possibility of imposing tariffs on European goods such as automobiles and chemicals, which adds to economic concerns. According to some analysts, Trump’s proposed 10% universal tariff on all U.S. imports may erode Europe’s GDP by up to 1.5% or about €260bn. A similar kind of impact may await the United Kingdom, where Trump’s blanket tariffs would hit billions of pounds of U.K. automotive, pharmaceutical, and liquor exports. It stands to logic that GBPUSD was down more than 1.3% today.

For similar reasons, CNYUSD (Chinese renminbi / U.S. dollar spot rate) hit a 3-month high. ‘For the Chinese economy, the risks are even greater, as Trump promised to impose higher tariffs on Chinese goods. On top of that, under his administration, tensions are likely to grow over the CNYUSD exchange rate,’ comments Kar Yong Ang, a financial market analyst at Octa Broker. Although the currency policy of the future Trump Administration is unclear, in his interview with Bloomberg, he had this to say: ‘We have a big currency problem because the depth of the currency now in terms of strong dollar / weak yen, weak yuan, is massive.’

Interestingly, the impact on the gold market has been relatively muted so far. As of 7:00 a.m. UTC, XAUUSD was down 1.2%, but historically, it is not a significant swing, especially given how much the U.S. dollar has strengthened. ‘Because Trump’s victory appears to be decisive, it lowers the probability of social tensions in the U.S., which is not a minor factor considering how fractious U.S. politics has become lately. Thus, XAUUSD is selling off, but I think there are bullish risks ahead as relations between China and the U.S. turn bitter,’ comments Kar Yong Ang. Analysts suggest that Donald Trump’s policies could escalate trade tensions between the U.S. and China, which may increase the appeal of gold as a safe-haven asset. Additionally, his proposed large-scale tax cuts could potentially widen the U.S. fiscal deficit, prompting some strategic investors to move away from the U.S. dollar and into alternative assets like gold and bitcoin. Notably, BTCUSD reached a new all-time high following the news of Trump’s projected victory, as he is generally perceived to be more supportive of cryptocurrencies compared to Harris.

In the short term, all the bullish dollar trades may temporarily reverse as traders buy the dips in EURUSD and GBPUSD in hope of a technical rebound. In the long term, however, the bearish pressure on these pairs will likely persist.
Hashtag: #octa #trump

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.

Strengthening Ties in Innovation and Investment with the Middle East

HONG KONG SAR – Media OutReach Newswire – 6 November 2024 – At the Future Investment Initiative Institute 8th Edition (FII8), held from 29th October to 31st October in Riyadh, Saudi Arabia, the Hong Kong Science and Technology Parks Corporation (HKSTP) made significant strides in bridging Hong Kong and the Middle East’s innovation and technology (I&T) ecosystems and capital investment.

Witnessed by the Hong Kong Special Administrative Region’s (HKSAR) Financial Secretary Paul Chan and FII Institute’s CEO Richard Attias, HKSTP’s CEO Albert Wong signed a strategic partnership with FII Institute’s COO Rakan Tarabzoni, making FII Institute a Global Strategic Partner of HKSTP’s Global Connect programme, which will connect 20 high-potential Middle Eastern companies annually to Hong Kong, and vice versa. HKSTP has also been recognised as part of FII Institute’s Investment Ecosystem.

Richard Attias, CEO of the FII Institute, applauded this partnership stating, “Today, we proudly welcome HKSTP into FII Institute’s Investment Ecosystem. Together, we will foster an environment where ideas flourish, investments thrive, and a new era of growth is realised, paving the way for a sustainable future.”

In addition, HKSTP also signed a partnership agreement with Beta Lab, where HKSTP will introduce its Park companies to the venture capital firm, providing them an opportunity to access Beta Lab’s new US$300 million investment fund.

Led by CEO Albert Wong, HKSTP’s unprecedented delegation of 25 tech ventures explored new business and investment opportunities at FII8, which is part of HKSTP’s “Innovation Mixer” initiative. Seven of them secured partnerships with Middle Eastern partners to drive meaningful impact on humanity and economic growth. HKSTP also hosted the “Hong Kong Tech Disrupt” reception on the sidelines of FII8 to introduce the capabilities of HKSTP’s robust I&T ecosystem and showcase Park companies’ world-class innovations to the broader community of Middle Eastern investors and business partners.

The nine partnership agreements mark a milestone in the Hong Kong government’s broader initiative to strengthen ties with the Middle East in technological advancement, economic development and investment opportunities between the two regions — priorities outlined in Hong Kong’s latest Policy Address in mid-October. This also aligns with HKSTP’s Go Global vision and commitment to advancing Hong Kong into an international I&T hub.

Albert Wong, CEO of HKSTP said, “These groundbreaking collaborations reflect a shared commitment to strengthening our collaboration in creating opportunities for tech ventures from both regions to reach their highest potential. It also demonstrates our bold vision to drive progress in scientific, economic, and technological development for a better future. As a cradle and springboard for world-class innovation, HKSTP will continue to support our Park companies in unlocking the boundless potential of technology through cross-border collaboration with our Middle Eastern partners.”

Key highlights of the seven partnerships signed between HKSTP’s and Middle Eastern enterprises or organisations:

• In logistics and connectivity, Westwell is partnering with Ports Services & Storages, to integrate smart technology in logistics, container yard and supply chain activities in the Middle East and North Africa. Furthermore, Kian Alraqmiah Company’s introduction of Altai’s industrial-grade Wi-Fi solutions into Saudi Arabian container terminals and industrial zones will bring cutting-edge automation and connectivity to streamline regional trade.
• In AI and robotics, FJ Dynamics, a leading robotics and automation solutions provider for industries like agriculture, construction, and landscaping, is partnering with Saudi-based Sintechs to enhance robotics technology and marketing perspectives across critical industries, aligning with the Gulf region’s tech-forward vision. Manifold Tech’s AI-powered spatial intelligence solution will empower Geo Tech to collect, manage, and analyse large amount of real-time geospatial data more efficiently, raising industry standards. Nasla Tourism will deploy XKool’s AI-powered construction management solution in its latest sport-themed park.
• In sustainability and green tech, the MoU between Volar Air Mobility and Aeronautica Aviation exchange knowledge and optimise both of their expertise to advance electrical aircraft operation in the Middle East.
• In wellness and health tech, innovative health wearable devices company Ninenovo will leverage Techmart Corporate’s distribution network to expand in the UAE, Oman, Bahrain, Qatar and Kuwait, enriching consumer options for the Middle East fast-growing wellness-focused market.

Park company Archireef, a global pioneer of 3D-printed terracotta reef tiles for ocean restoration, was also voted “Audience Choice Award” at the FII8 Innovators Pitch Competition, competing against five up-and-coming startups from around the world.
Hashtag: #hkstp #FII8

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