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SingPost Unwinds QSI Minority Cross-Shareholdings

  • Mutually-agreed exercise of options with Alibaba in line with previously agreed terms
  • Transaction results in expected cash inflow of approximately S$55.86 million
  • Based on the valuation of QSI[1], there is an indication of potential goodwill impairment of up to S$77.86 million

SINGAPORE, April 16, 2025 /PRNewswire/ — Singapore Post Limited (“SingPost”) today announced the mutually agreed unwinding of cross-holdings with Alibaba Group Holding Limited (“Alibaba”) based on previously agreed terms.

Based on an agreement dated 20 January 2023, SingPost and Alibaba will mutually exercise options to unwind respective minority cross-shareholdings in Shenzhen 4PX Information and Technology Co,. Ltd. (“4PX”) and Quantium Solutions International Pte. Ltd. (“QSI”).

“The execution of this agreement enables the efficient unwinding of our cross-holdings, allowing SingPost to simplify our investment portfolios, and pursue strategic objectives,” said Simon Israel, Chairman of the Board, SingPost.

QSI is majority-owned by SingPost (66 per cent) with Alibaba holding a minority stake (34 per cent). QSI, in turn, holds a 17.61 per cent stake in 4PX, a majority-owned subsidiary of Alibaba’s logistics arm, Cainiao.

Under a deed of undertaking (“DoU”) in accordance with previously agreed terms[2], SingPost will acquire full ownership of QSI while Alibaba’s logistics arm, Cainiao, increases its stake in 4PX. 

Cainiao will acquire QSI’s 17.61 per cent stake in 4PX for approximately S$92.75 million[3]. Concurrently, a capital reduction[4] in QSI will see Alibaba’s shares cancelled. SingPost will pay Alibaba S$36.89 million for their 34 per cent stake in QSI[5]. The payment amount is based on a fair value assessment by KPMG as of 30 September 2024, which valued QSI at approximately S$108.5 million.

SingPost anticipates receiving a cash inflow of approximately S$55.86 million[6] from this transaction. In connection with the valuation[7], there is an indication of impairment on the goodwill amounting up to S$77.86 million carried on the investment in QSI. Any such impairment will be recognised and disclosed in the Company’s full year results currently scheduled for release on 15 May 2025. 

About Singapore Post Limited (SingPost)

Singapore Post (“SingPost”) is a leading postal and eCommerce logistics provider in Asia Pacific. The portfolio of businesses spans from national and international postal services to warehousing and fulfilment, international freight forwarding and last mile delivery, serving customers in more than 220 global destinations. Headquartered in Singapore, SingPost has approximately 3,000 employees, with presence in 14 markets worldwide. Since its inception in 1858, the Group has evolved and innovated to bring about best-in-class integrated logistics solutions and services, making every delivery count for people and planet. www.singpost.com

[1]  The valuation refers to the KPMG valuation report as of 30 September 2024, which valued QSI at approximately S$108.5 million.

[2] SingPost (20 January 2023) ‘Proposed dilution and potential disposal of interest in Shenzhen 4PX Information and Technology Co., Limited’, (20 January 2023) linked here.

[3] Amount is RMB515.27 million, assuming a CNH to SGD FX rate of 0.18.

[4] If the selective capital reduction exercise fails, as defined in the DoU, there is a fall-back plan to ensure the joint venture ends.

[5] See Footnote 1

[6]This is based on the sum paid by Cainiao for QSI’s stake in 4PX (approximately S$92.75), minus the value of QSI shares owned by Alibaba as assessed by KPMG at S$36.89 million.

[7] See Footnote 1

 

Xinhua Silk Road: Series of activities featuring Three Kingdoms culture kick off in C. China’s Xuchang

BEIJING, April 16, 2025 /PRNewswire/ — The opening ceremony of a series of cultural tourism activities featuring the culture of the Three Kingdoms period (220-280) was recently held in the city of Xuchang, central China’s Henan Province.

The opening ceremony of a series of cultural tourism activities featuring the culture of the Three Kingdoms period (220-280) is held in Xuchang, central China's Henan Province, April 10, 2025. (Photo provided by the Publicity Department of the Communist Party of China Xuchang Municipal Committee)
The opening ceremony of a series of cultural tourism activities featuring the culture of the Three Kingdoms period (220-280) is held in Xuchang, central China’s Henan Province, April 10, 2025. (Photo provided by the Publicity Department of the Communist Party of China Xuchang Municipal Committee)

Hosted by the Xuchang municipal government, the activities highlight themed brands and creative cultural experiences, including discussion sessions on the Three Kingdoms culture, cultural gatherings on Hanfu (traditional Chinese attire), public art festivals, gaming carnivals, esports contests, immersive role-playing games, historical character parades, light shows and spring sightseeing tours.

As an ancient capital city during the Three Kingdoms period, Xuchang has so far held 15 annual sessions of the Three Kingdoms Cultural Tourism Week. Starting this year, the event period has been expanded from a week to nearly a month, with this year’s activities running from April 10 to May 5.

During the opening ceremony, Xuchang also collaborated with the cities of Zhengzhou, Luoyang, Anyang, Nanyang, Jiaozuo, Zhoukou and Luohe to promote Three Kingdoms-themed tourism offerings within Henan Province.

Over 12 sessions of the Three Kingdoms Cultural Tourism Week, Xuchang City had held investment promotion activities and seen the signings of 288 investment projects totaling 197.79 billion yuan. Industrial promotion activities, tourism promotions and project signing ceremonies are planned to be held during this year’s event as well.

Original link: https://en.imsilkroad.com/p/345233.html

Meet Nobel Laureates at HKUST: Where Curiosity Connects with Global Scientific Excellence

HONG KONG, April 16, 2025 /PRNewswire/ — The Hong Kong University of Science and Technology (HKUST) recently hosted an engaging dialogue featuring three Nobel Prize winners, drawing nearly 200 students, faculty members and guests on campus, and an additional 2,000 online viewers from sister institutions across Mainland China. The event highlighted HKUST’s dedication to fostering cross-disciplinary innovation, and bridging the local scientific community with global thought leaders.

As part of the Hong Kong World Youth Science Conference and Xiang Jiang Nobel Forum this year, the event titled “Together with the Scientists – Nobel Laureates Visit HKUST” took place on April 14 in collaboration with the Hong Kong Alumni Association of Beijing Universities. The program showcased the groundbreaking insights from three distinguished laureates:

Prof. May-Britt MOSER, 2014 Nobel Prize winner in Physiology or Medicine, recognized for her discoveries of grid cells in the brain’s spatial navigation system.
Prof. Konstantin NOVOSELOV, 2010 Nobel Prize recipient in Physics, acclaimed for his pioneering work on graphene and two-dimensional materials.
Prof. Didier QUELOZ, 2019 Nobel Prize winner in Physics, known for his landmark discovery of the first exoplanet orbiting a sun-like star.

The laureates shared their scientific journeys, emphasizing the importance of curiosity-driven research and their visions for future breakthroughs.

In her opening remarks, HKUST President Prof. Nancy Ip warmly welcomed the guests while extended her heartfelt gratitude to the event organizers and supporting organizations. “Today’s event is not merely an opportunity to meet esteemed scientists, but also a chance to engage with the very essence of scientific inquiry and discovery. Since its founding, HKUST has been committed to fostering innovation, research and knowledge transfer. Our Nobel Laureates exemplify the spirit of curiosity, creativity, and resilience that we strive to nurture at HKUST. I hope their journeys will inspire us to push boundaries, and collaborate across disciplines and borders to advance knowledge for the betterment of society.”

The event included a lively Q&A session that allows students and researchers to interact directly with the laureates, moderated by Prof. Angela WU from Division of Life Science at HKUST, the parties exchanged on topics ranging from materials science to neuroscience and astrophysics.

This gathering reflects HKUST’s longstanding tradition of convening global leaders to promote knowledge exchange, nurture talent, and tackle pressing challenges through cutting-edge research. Last November, HKUST organized a prestigious three-day “Molecular Frontiers Symposium” on campus, showcasing a lineup of internationally renowned scientists, including four Nobel laureates, to spark dialogues and inspire a new generation of innovators.

Download photos here: https://geco.ust.hk/download/press_release/0416_Nobel  

Weibo Publishes 2024 Environmental, Social and Governance Report

BEIJING, April 16, 2025 /PRNewswire/ — Weibo Corporation (“Weibo” or the “Company”) (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced that it has published its 2024 Environmental, Social and Governance (“ESG”) Report. The ESG report comprehensively showcases the Company’s value creation across various topics, such as social responsibility, technological innovation, information security, employee development, content ecosystem, and green operations, demonstrating Weibo’s long-term commitment to sustainable development.

“We firmly believe that ESG is evolving from a value-driven philosophy into a core competitive advantage for corporate sustainability,” said Mr. Charles Chao, Chairman of the Board of Weibo. “Looking ahead, Weibo remains dedicated to its vision of ‘making the world a better place with the power of Weibo’. We will continue to refine our ESG management framework, improve our governance, and collaborate with all stakeholders to advance global ESG initiatives and build a sustainable and prosperous future for humanity. With unwavering dedication, Weibo is confident in making steady and ongoing progress on its ESG journey, beefing up our efforts into creating a brighter future.”

Weibo 2024 ESG Highlights:

1. Advocating Social Welfare and Leveraging Social Media Value: Over 24,000 Public Welfare Projects Launched on the Weibo Charity Platform

Leveraging the value proposition of social media platform, Weibo actively fulfills social responsibilities together with its user community. The platform actively champions social causes, such as emergency disaster relief, rural revitalization, traditional Chinese culture promotion, and care for underprivileged communities. By the end of 2024, the Weibo Charity Platform had launched over 24,000 public welfare projects, attracting over 51 million individual donations, with total contribution exceeding RMB 760 million. Weibo has established a widely connected social-collaborative network that facilitates real-time information exchange. In response to emergencies such as pandemics, floods, and earthquakes, Weibo has quickly mobilized resources, creating a comprehensive emergency response mechanism that integrates publicity, action, and resource mobilization.

Additionally, leveraging its diverse content ecosystem and matrix of professional accounts, Weibo continues to promote rural revitalization and traditional Chinese culture. In 2024, Weibo initiated over 1,000 topics related to rural revitalization, generating over 20 billion views and over 5 million discussions. Weibo has also collaborated with the Ministry of Culture and Tourism, intangible cultural heritage inheritors, celebrities, top content generators, public welfare organization and business enterprises, etc. to launch the #Revitalize Intangible Cultural Heritage Plan#, enhancing the influence of intangible cultural heritage.

2. Creating Community Value through Diverse Content Ecosystem and Empowering Product Experience with Technological Innovation: Content in Comprehensive Media Formats Covering 39 Verticals and Self-Developed “Zhiwei” Large Language Model

Weibo actively enriches its vertical content ecosystem and beefs up support for quality content creators, striving to provide users with rich, diverse, and high-quality multimedia content.

As of 2024, Weibo has fostered a comprehensive content ecosystem covering 39 verticals, including entertainment, sports, game, digital, and automobiles, etc., which forms multiple interest circles and social ecosystem to fulfill the diversified content consumption needs of our user community. In 2024, Weibo officially launched its audio feature and support the growth and development of audio content creators.

With a vibrant vertical content ecosystem, Weibo also embraces the trend of artificial intelligence (AI) and explores the application of AI technology across various business scenarios. In 2024, Weibo’s proprietary “Zhiwei” large language model successfully completed registration. We also rolled out AI-powered features, such as Weibo Intelligent Search, content summary, and AI interaction accounts, to optimize user experience, facilitate content generation and enhance interaction efficiency.

3. Building an Equal and Diverse Workplace and Empowering Employee Development: Female Employees Account for 53% of Total

Weibo champions equality and diversity in daily operations and is committed to creating an equal, inclusive, and healthy work environment through management policies, clear organizational structures, and training activities.

During the recruitment process, Weibo ensures that female candidates have equal opportunities. By the end of 2024, female employees accounted for 53% of total employees, with women occupying 47% of STEM1-related positions. Women hold various leadership roles within the company, including senior management positions and board members.

Weibo has established a comprehensive talent training system, achieving a 100% employee training coverage rate, with an average training duration of approximately 28 hours per employee in 2024. We provide employees with ample development opportunities, competitive package, and care programs, enhancing their sense of belonging and recognition. In 2024, our employee dedication rate was 84%, according to our annual employee satisfaction survey. Weibo has also won several outstanding employer awards.

4. Practicing Low-Carbon Development and Building Sustainable Data Centers: 39% Reduction in Scope 3 Greenhouse Gas Emissions Over Three Years

Weibo is firmly committed to low-carbon development, integrating green operations into its core business strategies. We endeavor to save energy and reduce carbon footprint across our data centers, daily operations, as well as supply chain. In 2024, Scope 3 greenhouse gas emissions were reduced by 39% compared with 2021, when we published our first ESG report.

Weibo is dedicated to building sustainable data centers, with the two main data centers in the BeijingTianjinHebei region designed with a Power Usage Effectiveness (PUE) of 1.2, with 50% green power usage. In 2024, Sina Plaza, the headquarter of Weibo, further gained LEED Platinum certification for operations by refining green management, on top of the LEED Platinum-level green building certification obtained in construction phase.

Weibo also leverages its platform influence to hold diverse environmental protection-themed activities and educational initiatives. Connecting celebrities, e-sports KOLs, experts, and well-known enterprises, we help amplify the voices of environmental organizations.

5. Enhancing Corporate Governance and Strengthening Responsible Platform: Participation in Multiple Industry Standard Formulations 

Weibo continuously optimizes its information security management system and safeguards user privacy, fostering a trustworthy and responsible platform. Additionally, Weibo actively engages in industry communication and co-construction and takes an active role in shaping industry standards. In 2024, Weibo participated in the formulation of 11 industry standards and 17 group standards in the areas of information security and privacy protection. Weibo also contributed to the formulation of Self-Regulatory Initiative for AI Generated Content, which aims to call on the industry to reach a consensus and jointly advance the healthy development of the generative AI sector, with focus on data security, privacy protection and content ecosystem.

Weibo’s 2024 ESG report is available in both Chinese and English. For more information on our ESG reports and policies, please visit http://ir.weibo.com.

Note: STEM refers to Science, Technology, Engineering and Mathematic.

About Weibo

Weibo is a leading social media for people to create, share and discover content online. Weibo combines the means of public self-expression in real time with a powerful platform for social interaction, content aggregation and content distribution. Any user can create and post a feed and attach multi-media and long-form content. User relationships on Weibo may be asymmetric; any user can follow any other user and add comments to a feed while reposting. This simple, asymmetric and distributed nature of Weibo allows an original feed to become a live viral conversation stream.

Weibo enables its advertising and marketing customers to promote their brands, products and services to users. Weibo offers a wide range of advertising and marketing solutions to companies of all sizes. The Company generates a substantial majority of its revenues from the sale of advertising and marketing services, including the sale of social display advertisement and promoted marketing offerings. Designed with a “mobile first” philosophy, Weibo displays content in a simple information feed format and offers native advertisement that conform to the information feed on our platform. To support the mobile format, we have developed and continuously refining our social interest graph recommendation engine, which enables our customers to perform people marketing and target audiences based on user demographics, social relationships, interests and behaviors, to achieve greater relevance, engagement and marketing effectiveness.

Contacts
Investors Relations
Weibo Corporation
Tel: +86-10-5898-3336
Email: ir@staff.weibo.com

AB DAO and Bitget Launch Dual Reward Campaign, Distributing $2.6M Worth of $AB Globally

SINGAPORE, April 16, 2025 /PRNewswire/ — Today, AB DAO officially announced the launch of a dual reward campaign in collaboration with Bitget (bitget.com), the world’s second-largest digital asset trading platform. In celebration of AB’s Token Generation Event (TGE), the campaign will distribute a total of 213,307,000 $AB, valued at approximately $2.6 million USD, to users worldwide—aiming to ignite participation and accelerate ecosystem activation.

Campaign 1: PoolX Staking – Stake AB & BGB to Earn $AB Airdrops
Staking Period: April 16, 2025, 10:00 – April 30, 2025, 10:00 (UTC+8)
Total Airdrop Pool: 135,173,000 $AB

Campaign 2: CandyBomb – Trade AB or BGB to Win $AB Airdrops
Event Period: April 16, 2025, 10:00 – April 23, 2025, 10:00 (UTC+8)
Total Airdrop Pool: 78,134,000 $AB

Official Bitget Event Announcement:
https://www.bitget.com/zh-CN/support/articles/12560603825693

In addition to this incentive campaign, AB DAO and Bitget will jointly execute a global co-marketing initiative, with a focus on key markets such as Southeast Asia, Europe, the Middle East, and North America. This partnership aims to expand AB’s visibility and presence across the global Web3 ecosystem.

The initiative marks a key milestone in AB DAO’s global expansion strategy. Moving forward, AB DAO will continue to onboard new trading platforms and ecosystem partners, accelerating the development of an open and inclusive Web3 infrastructure.

AB DAO’s Mission: Empower 100 Million People Worldwide to Hold $AB

Official Website: https://ab.org

Global Community Portal: https://www.ab.org/zh/community

From Protection to Prosperity: InsureXpo by CIMB 2025 Empowers Singapore Residents to Achieve Financial Independence

  • The second run of the event brings together major insurers and financial experts under one roof to help individuals take charge of their financial wellbeing at every stage of life.
  • CIMB Singapore launches a report on Singapore residents’ perceptions and behaviours towards financial planning.

SINGAPORE, April 16, 2025  /PRNewswire/ — InsureXpo by CIMB successfully concluded its second edition on 12 April 2025 at the Suntec Convention Centre. Quadrupling the number of attendees from last year, the event brought together leading industry experts from insurers such as Singlife, FWD, Income and AIA, as well as community partners like Central Provident Fund (CPF) Board, Singapore Police Force, Mindline (by Ministry of Health) and National Youth Council.

Crowd at InsureXpo by CIMB 2025 (Photo credit: CIMB Singapore)
Crowd at InsureXpo by CIMB 2025 (Photo credit: CIMB Singapore)

Themed “From Protection to Prosperity”, the event served as a platform for individuals to exchange strategic insights and make meaningful connections with experts to explore the role of insurance beyond a protection tool and maximise its use to create a pathway to prosperity.

In his opening address, Victor Lee, CIMB’s CEO of Growth Markets and Singapore said, “We believe that financial literacy should be second nature to everyone. Whether you’re an experienced investor, a young professional just starting your career, or someone planning for retirement, we are committed to providing you with the tools and knowledge to make informed decisions and build a more secure financial future. This year, we are proud to support SG60’s mission of building financial resilience across Singapore, with a special focus on equipping our youth with the skills to navigate their financial futures with confidence.”

Keeping Insurance Premiums Affordable Amid Rising Living Costs and Aging Population

During the panel discussion featuring insurance partners – Singlife, FWD, Income and AIA – panellists explored the shifting insurance landscape in an era marked by rising living costs and an aging population. As claims and healthcare expenses surge, insurers are innovating to balance between rising costs and comprehensive coverage. One way to do so, is by digitalising and using insurtech to improve cost efficiency and maintain affordability, without compromising the human touch in insurance services. In addition, data analytics is also used to optimise risk assessment and pricing strategies.

Attendees also participated in a series of talks and panel discussions on pertinent financial topics. This includes securing financial freedom through insurance and CPF, achieving F.I.R.E[1], legacy planning for future generation, and other financial tips, featuring speakers like Dawn Cher (aka SG Budget Babe), and He Ruiming and Goh Wei Choon (aka The Woke Salaryman).

This purely educational conference sets the stage for Singaporeans to elevate their financial know-hows and become more confident in navigating their financial future.

Study: Younger Generation Striving For Early Financial Independence and Confident in Achieving Financial Goals 

Prior to the event, CIMB Singapore announced the findings of a study that revealed Singapore residents’ perceptions and behaviours towards financial planning. A growing number of younger Singapore residents are striving for early financial independence and demonstrating strong confidence in achieving their goals. Of the respondents under the age of 30, 60% aim to achieve financial independence before the age of 40, and 54% expressed confidence in their financial management skills. However, only 39% of respondents aged 40 to 50, and 43% of those aged 50 to 60, report feeling confident in managing their finances. Respondents under 30 are also most willing to seek financial planning advice (54%), compared to the 40 to 50 (35%), and 50 to 60 (28%) age groups.

This signals a clear generational divide in financial confidence and preference for financial advice, underscoring the need for a tailored approach to financial planning and requirement for financial service providers to understand the unique challenges faced by customers across different life stages.

The “CIMB Singapore: Attitudes and Beliefs towards Financial Independence Report 2025”, done in collaboration with the Nanyang Centre for Marketing and Technology[2], captured insights from over 500 Singapore residents aged 26-60 on their perspectives towards financial independence and retirement planning last December.

-END-

About CIMB

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider by assets, with a market capitalisation of approximately RM88.0 billion as at 31 December 2024 and is listed on Bursa Malaysia. The Group is present in seven ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and Philippines). Singapore is one of its most important markets with approximately 1,000 employees serving clients across consumer, commercial, wholesale and transaction banking products and services. 

CIMB is committed to providing customers with an extensive range of sustainable finance solutions as guided by the Group’s Green, Social, Sustainable Impact Products and Services (“GSSIPS”) framework, an internal taxonomy set by the Group to deliver impactful sustainable finance. The Group tripled its sustainable finance target to RM100 billion by 2024, a substantial increase from its RM30 billion target previously announced in 2021. CIMB is on track to achieving its RM100 billion target, recording over RM80 billion in sustainable finance, as of December 2023.

[1] F.I.R.E. stands for Financial Independence and Retire Early. It is a movement focused on achieving financial freedom early, rather than waiting for traditional retirement age.

[2] The Nanyang Centre for Marketing and Technology is a research centre under the Nanyang Business School.

 

 

 

One Bangkok Wraps Up Its First Songkran Festival with a Splash, Poised to Become Bangkok’s Newest Songkran Landmark

BANGKOK, April 16, 2025 /PRNewswire/ — One Bangkok, in collaboration with the Tourism Authority of Thailand (TAT), proudly concluded its inaugural Songkran celebration under the theme “One Bangkok, One Lagoon Splashing Songkran Rhythms.” Held from 10–15 April 2025, the six-day extravaganza drew thousands of local and international visitors to experience a vibrant fusion of Thai tradition and contemporary culture in the heart of Bangkok.

One Bangkok Wraps Up Its First Songkran Festival with a Splash, Poised to Become Bangkok’s Newest Songkran Landmark
One Bangkok Wraps Up Its First Songkran Festival with a Splash, Poised to Become Bangkok’s Newest Songkran Landmark

From morning rituals to electrifying nighttime performances, One Bangkok was transformed into a joyful urban oasis, bringing Songkran to life like never before.

The Grand Kickoff
On April 10, Worawat Srisa-an, Deputy Chief Executive Officer of One Bangkok, and Thapanee Kiatphaibool, Governor of the Tourism Authority of Thailand (TAT), officiated the grand opening, leading into a spectacular three-act performance titled “Rhythm of One Lagoon Celebration Show”. The show narrated the mythical origin and joyous evolution of the Lagoon through light, sound, and dance, culminating in a dazzling celebration of life.

From April 11–15, superstar lineups including PP Krit, Billkin, Joey Boy, URBOYTJ, MILLI, and more, delivered nightly mini-concerts, drawing massive crowds and social buzz.

A Celebration That Captured “The Heart of Bangkok
MISTICAL FOREST: An enchanting mist-filled garden along One Bangkok Boulevard, where glowing lotus leaves, fluttering butterflies, and gentle sprays of water created a serene escape. Visitors relaxed with sound bath therapy and RLAX massages, finding calm amidst the festive energy.

FLOW PARADISE: One Bangkok Park transformed into a tropical party zone with fruit-inspired art, lush greenery, and refreshing cocktails. As the sun set, the space lit up with electrifying live shows from Thailand’s biggest artists—turning the park into Bangkok’s most vibrant stage.

FLOATING VIBES: At The Storeys Square, a modern reinterpretation of a floating market came to life with local crafts, contemporary Thai design, and artistic expression. It was a creative hub where tradition met innovation, and visitors discovered something new at every turn.

HARMONY VILLAGE: A peaceful cultural space where families paid respects through water-pouring rituals on Buddha images from Ayutthaya and Chiang Saen. Here, the spirit of Songkran was honored with meaning, mindfulness, and heartfelt connection.

Bangkok’s Next Songkran Destination
This debut Songkran event was more than just a celebration—it marked the emergence of One Bangkok as a new must-visit Songkran destination. With its central location, lush public spaces, and seamless blend of art, culture, and lifestyle, One Bangkok is poised to become an annual Songkran destination of choice for both local and international travellers. 

“One Bangkok was created to be a place where people gather, celebrate, and connect. This Songkran festival is just the beginning of what we hope will become a beloved tradition for Bangkok and its visitors,” said Worawat Srisa-an.

Stay tuned for even grander celebrations in April 2026. For more information and event highlights, visit: www.onebangkok.com

About One Bangkok
One Bangkok is the largest holistically integrated district in The Heart of Bangkok. With an investment value of THB 120 billion on a total land area of 108 rai (42.7 acres), One Bangkok is being developed to hold a place in the hearts of all and support Bangkok in becoming one of the world’s new influential global cities and thus the “Heart of Bangkok“. Located at the corner of Wireless and Rama 4 Roads with direct linkages to the city’s burgeoning mass transit systems, One Bangkok comprises workplaces which elevates work-life quality, a rhythmic retail experience, luxury residences, hotels with the finest hospitality, a world-class LIVE entertainment arena, the presence of art and culture, and a vast, welcoming public realm that covers 50 rai (19.7 acre) of the district.  

As a well-equipped smart city with sustainable infrastructure, One Bangkok is the first project to be awarded with LEED for Neighbourhood Development Platinum certification in Thailand with an aim to achieve WELL Building Standard to support human health and wellness. 

About Frasers Property Limited
Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$39.6 billion as at 30 August 2024.  

Frasers Property’s multinational businesses operate across five asset classes, namely, commercial & business parks, hospitality, industrial & logistics, residential and retail. The Group has businesses in Southeast Asia, Australia, the EU, the UK and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries across Asia, Australia, Europe, the Middle East and Africa. 

Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties.  

The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture. 

For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn

About TCC Assets (Thailand) Company Limited
TCC Assets (Thailand) Company Limited (TCC Assets), established in 2013, is a fully integrated property development company, with a registered capital of 30 billion baht. It is part of the TCC Group, one of the most well-known companies in Thailand. TCC Assets’ investment model focuses on creating added value to assets through product and service development. TCC Assets, subsidiary company, and affiliated company focus on the development of residential real estate projects, office building and retail space, along with hotel business and services related to IT. 

For more information on TCC Assets, please visit www.tccassets.com.

One Bangkok Wraps Up Its First Songkran Festival with a Splash, Poised to Become Bangkok’s Newest Songkran Landmark
One Bangkok Wraps Up Its First Songkran Festival with a Splash, Poised to Become Bangkok’s Newest Songkran Landmark

Vantage Markets Partners with The Sapphire Project to Support Ocean Conservation in Australia

SYDNEY, April 16, 2025 /PRNewswire/ — Vantage Markets is proud to announce its partnership with The Sapphire Project, an esteemed Australian-founded initiative dedicated to ocean conservation and marine ecosystem restoration. This collaboration marks a significant step in Vantages ongoing Environmental, Social, and Governance (ESG) efforts, aligning its commitment to sustainability, innovation, and global impact.

Vantage Markets Partners with The Sapphire Project to Support Ocean Conservation in Australia
Vantage Markets Partners with The Sapphire Project to Support Ocean Conservation in Australia

As a global leader in CFD multi-products trading, Vantage is deeply invested in fostering a sustainable future. The ocean is a vital part of the global ecosystem, and protecting marine biodiversity is crucial for climate stability and environmental balance. Through this partnership, Vantage joins The Sapphire Projects mission to drive awareness and support critical conservation initiatives that preserve Australias marine ecosystems and inspire global impact.

Jack Kelly, Head of Sales, Vantage Australia, shared his excitement about the partnership: “At Vantage, we believe that true success goes beyond financial markets—its about making a lasting impact on the world around us. Partnering with The Sapphire Project allows us to support meaningful ocean conservation efforts right here in Australia. Just as we provide traders with the tools to navigate global markets, we are equally committed to safeguarding our oceans for future generations.”

The Sapphire Project unites business leaders, innovators, and sustainability advocates in a shared effort to protect marine life and promote environmental sustainability.

Founded in 2021, it has raised over $4 million for high-impact ocean conservation and continues to expand globally through curated experiences and collaborations. As a key partner, Vantage will contribute to awareness campaigns, community-driven projects, and conservation initiatives that drive real change.

By leveraging its platform and influence, Vantage aims to inspire clients, partners, and the wider financial industry to act toward ocean conservation and sustainable development.

Vantage is recognised as a premium trading brand, providing clients with a trading experience that combines advanced technology, expert market insights, and lightning-fast execution. This partnership reaffirms that luxury and responsibility can coexist, allowing clients to trade while contributing to a greater cause.

With this partnership, Vantage strengthens its ESG initiatives, reinforcing the belief that success in the financial world should go hand in hand with sustainability and social responsibility. Through The Sapphire Project, Vantage hopes to inspire more businesses and individuals to take part in collective environmental preservation efforts.

To learn more about Vantages CSR initiatives and The Sapphire Project, visit Vantage Markets.

About Vantage

Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

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Vantage Global Prime Pty Ltd (ACN 157 768 566), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.

You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.

The Sapphire Project does not receive any funds from ticket sales or donations.
The Great Barrier Reef Foundation (ABN 82 090 616 443) is partnered with The Sapphire Project to administer and distribute raised funds including ticket sales, donations and charity proceeds to the recipient ocean organisations as nominated by the Sapphire committee with no administration fee, and independently checked. All supported organisations are registered charities (DGR1) in Australia and are eligible to receive tax-deductible donations. The foundation will provide tax-deductible receipts for all donations for Australian tax purposes. Donations of $2.00 or more are tax deductible in Australia.  Thanks to our generous sponsors who are making our work possible, ensuring that 100% of every ticket sold and every dollar raised go directly into impactful ocean conservation.