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Johnson Electric and Aegis Sortation Announce Distribution Partnership

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Laotian Times
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Aegis Sortation becomes exclusive technology distributor for Johnson Electric in the North American market


VANDALIA, US – Media OutReach Newswire – 16 October 2024 – Johnson Electric, a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components, today announced an exclusive distribution agreement in partnership with Aegis Sortation. Under the agreement, Aegis will become the technology distributor for Johnson Electric TrueDrive™ and VersaSort™ products in North America.

The decision to formulate the strategic partnership builds upon Aegis’ brand recognition in the material handing industry and Johnson Electric’s 65 years of expertise in motion system solutions.

“As e-commerce sales continue to grow in the United States, we’re thrilled to embark on this partnership with Aegis Sortation, which is trusted for its proven solutions in the material handling industry,” said Stephen Pennington, vice president, IPG Americas, for Johnson Electric. “Their leadership in the freight and parcel and warehouse and distribution industries is second to none. We’ve worked together for over a decade and are happy to build upon our combined expertise to bring even more value to our collective customers with this agreement.”

Aegis Sortation will be exclusively distributing two Johnson Electric products: TrueDrive, an innovative motorized drive roller conveyor system, as well as VersaSort, a compact steerable wheel table that allows divert functions to operate up to twice as fast in small- to larger-sized sortation systems.

Although not part of the distribution agreement, Aegis will also leverage Solligence™, a fast rotary actuator designed for divert motion in sliding shoe sorters. The rotary’s artificial intelligence monitors motion profiles and adjusts for wear, maintaining consistent speed and preventing performance degradation over time.

“We’re committed to delivering transformative innovation with solutions that address the growing challenges in the material handling industry, especially around labor shortages and operational efficiency,” said Tony Young, CEO of Aegis Sortation. “By leveraging Johnson Electric’s cutting-edge solutions, we’re creating sortation modules that solve our customers’ variable package mix challenges, like irregular parcels, which are typically processed manually. This new technology also allows our customers to double their throughput while simultaneously reducing costs through improved asset utilization.”

Customers can view these products on the Aegis Sortation website https://www.aegissortation.com/truedrive-versasort

To learn more about Johnson Electric’s warehouse automation solutions, visit https://www.johnsonelectric.com/en/solutions/segments/warehouse-automation

Hashtag: #JohnsonElectric #AegisSortation

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

About Johnson Electric

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, Lawn & Garden Equipment, and Warehouse Automation. The Group is headquartered in Hong Kong and employs more than 30,000 individuals in over 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For more information, visit .

About Aegis Sortation

Aegis Sortation is a pioneering force in technology and innovation, providing leading-edge solutions tailored for the material handling industry. Specializing in sortation, we cater to a variety of sectors including warehouse and distribution, freight and parcel, e-commerce, postal services and beyond. Learn more at .

VT Markets Q4 Gold Outlook: Anticipate a “Gold Frenzy”

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Laotian Times
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Q3 Gold Performance Overview


HONG KONG SAR – Media OutReach Newswire – 16 October 2024 – In the third quarter of 2024, gold prices demonstrated remarkable volatility, perhaps reflective of the market environment it currently exists in. The precious metal initially extended its choppy performance from May and June before surging in July. Benefiting from favourable market conditions, gold first reached several new highs, climbing from $2,000 to $2,685 per ounce—a gain of over 30%. However, the rally was followed by a correction, leaving traders uncertain about its future trajectory. Despite this pullback, the VT Markets Research Desk suggests that gold’s bull run is far from over, anticipating even stronger momentum as we head into the fourth quarter.

VT Markets see multiple factors supporting gold’s safe-haven appeal in the coming months. One of the primary drivers is the shift in global monetary policy, with major central banks embarking on rate cuts. As real interest rates decline, the appeal of non-yielding assets like gold increases.

Furthermore, geopolitical instability in the Middle East is intensifying. What began as proxy conflicts escalated into direct confrontations when Iran launched 180 ballistic missiles at densely populated areas in Israel this October. This escalation has heightened the visibility of this conflict and has in turn boosted gold’s attractiveness as a safe-haven asset.

Political uncertainty in the U.S. will also play a role in gold’s trajectory. The presidential race between Donald Trump and Kamala Harris is tight, with both candidates maintaining solid voter bases. With the outcome too close to predict, markets are becoming risk-averse, driving substantial capital into gold as a hedge against potential turmoil.

Emerging markets are also contributing to the upward pressure on gold. Although China paused its gold purchases in the second quarter, it has showed no signs of selling reserves in the following months. Meanwhile, countries like Turkey, India, and Poland continue to increase their gold holdings. A 2024 central bank survey reveals that 29% of institutions plan to expand their reserves within the next 12 months—the highest level in six years—citing gold’s ability to mitigate default risks, hedge against inflation, prevent recessions, and provide liquidity.

From a technical perspective, gold’s previous resistance levels failed to hold, transforming them into critical support zones. Our Reserach Desk identifies the $2,550 per ounce level as a pivotal point for potential pullbacks. Should prices revisit this level, traders might find buying opportunities for mid-term bullish positions. Given the convergence of supportive factors, the likelihood of prices dropping below this range in Q4 is minimal.

The fourth quarter presents a perfect storm for gold’s performance. Declining interest rates, geopolitical risks, election-related uncertainties, and increased central bank gold purchases all point toward continued bullish momentum. We expect that gold’s upward trend will resume, offering attractive opportunities for traders to capitalise on this volatile environment. Traders are advised to stay vigilant and monitor key technical levels as the market evolves.

Hashtag: #VTMarkets #CFDs #CFDsbrokers #Forextrading #Preciousmetals #XAUUSD #Trading



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

Scoot Airlines Expands Flights to Laos Starting December

By
Phonethida Sitthixay
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Scoot Airlines Expands Flights to Laos Starting December
Scoot Airlines Expands Flights to Laos Starting December (photo credit: Vientiane Times)

Singapore’s Scoot Airlines will increase its flights to Laos from three to four per week beginning in December.

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Population Change in Asia is Set to Transform Thailand’s Real Estate Sector in Coming Years, says Proud Real Estate

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Laotian Times
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BANGKOK, THAILAND – Media OutReach Newswire – 16 October 2024 – Thailand’s real estate sector, estimated to be worth US 2 trillion, is on the brink of significant transformation, driven by three emerging megatrends: multigenerational living, semi-retirement, and hospitality-residence hybridization. These trends, identified by Proud Real Estate Plc, a leader in the SET-listed property market, are set to redefine the landscape in response to a shifting demographic and the growing popularity of second-home tourism.

Proudputh Liptapanlop
Proudputh Liptapanlop

Ms. Proudputh Liptapanlop, Director of Proud Real Estate Plc, emphasized the significant impact of demographic shifts on the real estate sector. Thailand is experiencing slow population growth and a rising proportion of elderly citizens, with the over-60 population doubling from 10% in 2005 to 20% in 2023. According to the UN World Population report, Thailand is currently classified as an aged society and is projected to become a “super-aged society” by 2029, with 20% of the population over 65. These demographic changes, coupled with economic challenges such as the ‘middle-income trap,’ have weakened the purchasing power of key market segments like millennials and Gen Z. As a result, the property development sector faces new challenges in adapting to these evolving market conditions.
Despite these hurdles, the real estate sector remains a crucial driver of the Thai economy, contributing approximately 10% to the GDP. Ms. Proudputh remains optimistic, seeing these challenges as opportunities to innovate and adapt. She envisions these megatrends as turning points that could lead to a revitalized market, positioning the sector for a rebound that leverages crises into transformative prospects.
Multigenerational Living
Proud Real Estate has identified a significant shift in home-buying dynamics, with multigenerational households emerging as a key trend. This new pattern sees family members across generations acting as co-decision makers in property purchases, with older generations maintaining substantial purchasing influence. According to UNFPA data, 34% of Thai households are currently multigenerational, a figure expected to increase in tandem with the growing elderly population. This trend aligns with broader Asian patterns, where 43% of households feature intergenerational living arrangements. The influence of close family ties extends beyond housing decisions, impacting choices in travel and leisure activities as well, a phenomenon corroborated by Booking.com’s market insights. This shift towards multigenerational living is reshaping the real estate landscape, prompting developers to reconsider traditional housing models and adapt to evolving family structures.
“Multigenerational living is on the rise in upscale segment,” she reveals.
To seize a new growth opportunity, the flexibility principle is put at the heart of home design that allows for functional expansion in the future to meet the needs of family members across generations. It starts with a basic layout and construction that fully support every stage of human life cycle.
Under one roof, demands vary. Gen Xers will need a home remodeling to enhance mobility with fewer obstruction and wider doorways when they experience physical health challenges. When it comes to location, millennials and Gen Zers prioritize proximity to work as they are career oriented. While Gen Alpha concerns the neighborhood safety where a high-quality school is situated.
Semi-retirement lifestyle

Thailand’s aging society is reshaping retirement patterns and labor market dynamics. A 2024 Fidelity Investments study reveals that 66% of Gen-Z and Millennials favor phased retirement, with 57% planning part-time work during retirement. This trend is fostering a “semi-retirement lifestyle,” where individuals reduce work hours while maintaining income to pursue personal interests. Globally, semi-retirement is gaining traction, driven by financial needs, the desire to stay active, and personal passions. This shift highlights a growing demand for residential properties that can accommodate both work and leisure, as well as integrated medical care facilities.

Hospitality-Residence Hybridization

Although the outlook for housing demand is sluggish, land prices especially in central business district (CBD) of Bangkok will keep skyrocketing. With such price determination, international demands will play a major role in supporting the real estate market in the medium term.
Thanks to the influx of international demands seen in Bangkok and Phuket, the use of property and length of stay has been shifted from a primary residence for full-time occupants to a secondary occupancy for semi-vacationing. As a result, mixed-use development will continue to dominate Thailand’s real estate development, offering products and services that meet the needs of all customer groups beyond residential purposes. Branded residence is leading the way along with retail and office spaces like urban and market developments in Dubai.
Synergizing Hospitality Legacy into Real Estate
Proud Real Estate has redefined luxury living with its latest projects, VEHHA Hua Hin and ROMM Convent, by synergizing hospitality elements into residential offerings, based on the findings on the 3 latest trends.
VEHHA Hua Hin provides an experience akin to a high-end hotel stay, featuring unrestricted ocean views from every unit, thanks to its single-loaded corridor layout. Residents enjoy a-la-carte room services and a range of exclusive hotel services from the Holiday Inn at special rates. Additionally, residents receive complimentary access to Vana Nava Water Park for three years, enhancing the resort-like atmosphere.
ROMM Convent, located in the heart of Bangkok, is a luxury wellness residence designed to offer a “home-like feeling” with spacious living areas integrated with holistic health and wellness facilities. These include a fit lab café, a sensory garden, a wellness lounge, and a library. Unique features like meditation pods on the sky retreat offer residents a serene escape. Moreover, ROMM Convent partners with one of Asia’s most prestigious hospital networks, BDMS, providing medical care right at the doorstep through the multi-specialty BNH hospital. Residents benefit from the VVIP program and receive a 20% discount on services, addressing the increasing demand for health and wellness in the post-COVID-19 era.

Hashtag: #Proudrealestate #Condominium #Bangkok #Sathon #Silom #HuaHin #CondoHighRise #Condosathon #CondoHuaHin #Thailand #PropertyInvestment #Propertyinthailand



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

About Proud Real Estate Plc

Founded in 2019, Proud Real Estate Plc is a visionary property development arm of the esteemed Proud Group in Thailand. With a heritage spanning over six decades in construction, hospitality, and retail, the company leverages deep industry expertise from iconic ventures such as The InterContinental Hua Hin Resort, BluPort Hua Hin Resort Mall, and Vana Nava Water Park. Proud Real Estate is dedicated to revolutionizing the real estate landscape by melding luxurious hospitality with residential living, encapsulated in its ethos of ‘More Than Just Living’.
Proud Real Estate’s pioneering approach is showcased in its flagship project, the InterContinental Residences Hua Hin, launched in 2019. This development epitomizes the company’s commitment to offering residences that provide not just homes, but lifestyles enriched with hotel-like services and a sense of asset ownership. Building on this success, subsequent projects like VEHHA Hua Hin and ROMM Convent in Bangkok continue to push boundaries, offering residents unparalleled wellness facilities, stylish designs, and sustainable living options that respect local culture and the environment.
As Proud Real Estate propels forward, it remains focused on crafting bespoke living spaces that cater to the discerning tastes of modern homeowners and investors. Each project is a testament to the company’s dedication to quality, innovation, and creating living environments that offer more than just a place to live—they offer a way to truly live well.

For more on Proud Real Estate Plc’s redefined ‘living’ unique portfolio of projects, visit

Sahm Capital Introduces Index Option Trading to Empower Saudi Investors

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Laotian Times
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RIYADH, SAUDI ARABIA – Media OutReach Newswire – 16 October 2024 – Sahm Capital proudly announces the launch of index option trading, a pivotal addition to its suite of services catering to the discerning Saudi investors. This highly anticipated feature enables clients to mitigate risks associated with market fluctuations, focusing initially on the renowned S&P 500 and Mini Standard & Poor’s 500 indexes.

Hadeel Bedeeri, the General Manager of Sahm Capital, emphasized the firm’s commitment customer-centric solutions, stating, “At Sahm Capital, we are dedicated to meeting the dynamic needs of our clients. The introduction of index option trading is a direct response to their demands, elevating the Sahm App user experience and facilitating more effective portfolio management.”

To commemorate this milestone, Sahm Capital is extending a special limited-time offer of a $100 commission-free trading quota for clients. Additionally, new users registering on the Sahm App will benefit from a lifetime 70% discount on commission fees for Saudi market transactions, capped at 3 SAR per trade. For complete details, please visit: https://www.sahmcapital.com/activitiesr/quick/us-index-options?lang=en-US&activityId=825.

Sahm Capital, recognized as the first fintech-driven financial company fully licensed by the Capital Market Authority (CMA), remains at the forefront of innovation through its proprietary Sahm App. This unwavering commitment to technology and client satisfaction has propelled Sahm Capital to become the fastest-growing financial company in Saudi Exchange members. Furthermore, as the exclusive sponsor of the Saudi Tadawul Group’s “Invest Wisely Program,” Sahm Capital actively promotes financial literacy throughout the Kingdom. The Sahm App has solidified its position as one of the top three free finance applications in Saudi Arabia, a testament to its widespread adoption and utility.

Disclaimer:

Please note that trading in financial markets, including index options trading, involves high risks and may lead to financial losses that could exceed the invested capital. The information provided above is not intended in any way as advice or a recommendation to sell or buy any financial instruments, bonds, or other financial investments, including the buying and selling of index options. We recommend consulting a professional financial advisor before making any investment decisions and ensuring that these investments are suitable for your experience, financial situation, and investment goals.

Sahm Capital does not bear any responsibility for any losses or damages that may occur as a result of making investment decisions based on this offer or the information provided.

Hashtag: #sahm




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

About Sahm Capital

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: www.sahmcapital.com.

About Sahm App

Developed by Sahm Capital, the Sahm App is a proprietary platform specifically designed for investors in Saudi Arabia. It enables users to trade seamlessly across both the Saudi and U.S. markets, all at their fingertips. With its user-friendly interface and a diverse range of investment options, the Sahm App has quickly become one of the top three free finance apps in the Kingdom.

ASEAN-UK Creative Economy Program Launched to Boost Regional Ties

By
Phontham Visapra
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ASEAN-UK Creative Economy Program Launched to Boost Regional Ties
ACE Music Festival Delegation visiting the British Council office in London for a productive discussion with the UK’s Association of Independent Festivals. (photo supplied)

The United Kingdom’s Mission to ASEAN and the British Council have officially launched the ASEAN-UK Advancing Creative Economy (ACE) program, an initiative aimed at strengthening the creative economies across the region. 

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Sahm Capital Among the First Batch of Companies to Participate in Transformative Capital Management IPO Project

By
Laotian Times
-

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 16 October 2024 – Sahm Capital, a CMA fully licensed financial company, proudly announces its position as the first batch of companies to participate in the transformative Capital Management IPO Project.

This initiative, launched by Saudi Tadawul Group (STG), represents a significant step forward in digitalizing and streamlining Saudi Arabia’s IPO process, making it more efficient, accessible, and attractive to investors. The project, rolled out in two phases, which aims to enhance the IPO subscription offering for both the Nomu and the Main Market. Sahm Capital is proud to be among the selected group of companies participating in the initial phase targeting the Nomu Market. The revamped IPO subscription process for the Main Market is expected to be introduced shortly, as estimated by STG.

Once fully rolled out, the Capital Management IPO Project is expected to revolutionize the IPO landscape by accelerating processes, reducing errors, and enhancing market efficiency. By simplifying the subscription process, the new system allows investors to directly engage in the IPO, resulting in swift transactions and a more streamlined experience.

Moreover, the integration of advanced technology and direct reporting to regulators such as the Capital Market Authority (CMA) enhances transparency, fostering greater trust among investors. A transparent market is vital for attracting more investors, driving liquidity, and contributing to the growth of Saudi Arabia’s financial sector.

Steven Chou, Chairman of Sahm Capital, expressed his enthusiasm for the project: “It is an honor to be part of this groundbreaking initiative. The Capital Management IPO Project is more than a technological leap—it marks a pivotal moment in Saudi Arabia’s journey toward becoming a global financial hub. By automating processes, increasing transparency, and broadening investor access, this initiative perfectly aligns with the Vision 2030 objectives.”

He added, “At Sahm Capital, we are committed to making investing easier and more accessible for everyone. This project is also a milestone to our mission of delivering advanced technology and a easy-to-use platform to investors.”

Disclaimer
Please note that trading in financial markets involves high risks and may lead to financial losses that could exceed the invested capital. The information provided above is not in any way a recommendation or advice to sell or purchase any financial instruments, bonds, or other investments. We strongly recommend consulting a specialized financial advisor before making any investment decisions to ensure that these investments are suitable for your expertise, financial circumstances, and investment goals.

Sahm Capital does not bear any responsibility for any losses or damages that may occur as a result of making investment decisions based on this offering or the information provided.
Hashtag: #SahmCapital #brokerage #Tadawul #IPO





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

About Sahm Capital

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: .

Laos Reports Progress in Poverty Reduction Efforts

By
Laotian Times
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Laos view (Photo credit: Kayak)

Recent data from the Ministry of Agriculture and Forestry highlights significant strides in poverty alleviation across Laos, although challenges remain as the country aims for developed status.

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