Laos is expected to see moderate economic growth this year and next year, largely driven by external demand fueled by tourism and trade, as outlined in the latest Asian Development Bank (ADB) report.
Lao GDP Forecasted to Grow in 2024-2025, Says Asian Development Bank
DHL Express introduces dedicated flight between Hong Kong and Sydney to cater to Oceania-North Asia trade demand
- Operated by Tasman Cargo Airlines, the dedicated Boeing 777-200 flies five times a week, offering more than 500 tons of payload capacity
- The flight further improves connectivity between Oceania and North Asia through next-day delivery services between Australia and Hong Kong, mainland China, India, Japan, Korea, Malaysia, Taiwan, Thailand, Philippines and Vietnam
HONG KONG SAR – Media OutReach Newswire – 12 April 2024 – DHL Express, the world’s leading international express service provider, has introduced a dedicated flight between Hong Kong and Sydney, Australia. This direct flight replaces the current Hong Kong-Singapore-Sydney route to meet the rise in shipment volume between Hong Kong and Australia. Departing from DHL’s Central Asia Hub in Hong Kong, the dedicated flight leaves for Sydney Airport five times a week.
Supplied by Kalitta Air, the Boeing 777-200 is wet leased into Tasman Cargo Airlines which operates the flight. The freighter offers a maximum capacity of 105 tons, raising customers’ weekly total payload by over 500 tons.
Meeting intra-Asia trade demands between Australia and North Asia
The recent DHL Global Connectedness Report 2024 reveals that Australia has firm connections with North Asia countries, where China, India, Japan, and South Korea are among their top 10 global connections. Hong Kong, traditionally a gateway for flows between Mainland China and the rest of the world, holds a pivotal role in promoting trade flows throughout Asia. Additionally, at least 70 percent of the markets in Asia Pacific are closely connected with their Asian counterparts, including Australia and Hong Kong.
To tackle these increasing demands of intra-Asia trade, the dedicated flight from Sydney offers next-day delivery services to Hong Kong, mainland China, India, Korea, Japan, Malaysia, Taiwan, Thailand, Philippines, and Vietnam, upon shipment arrival in Hong Kong. Customers who want to expand their reach within Asia Pacific can expect quicker and more efficient shipping services.
“Hong Kong continues to hold a strategic position as a crucial regional logistics hub, instrumental in facilitating trade flows across Asia Pacific. By introducing new direct flights to Sydney, we are fortifying our network, reducing transit times, and responding to the robust demand from cross-border trade. This strategic move enables our customers to access the Oceania market faster, reaffirming DHL’s commitment to continually enhance connectivity and facilitate global trade. At DHL, we are not just delivering packages, we are delivering prosperity and growth,” said Andy Chiang, Senior Vice President and Managing Director for Hong Kong and Macau, DHL Express.
“Tasman Cargo Airlines is proud to introduce another flight operation to our expanding aircraft network. The B777-200 freighter is a modern aircraft that delivers reliability, great capacity and transport options for different special commodities on top of general cargo and express products,” said Kim Rasmussen, Chief Executive Officer, Tasman Cargo Airlines.
Committed to delivering fast and reliable international time-definite shipments, DHL Express’s robust aviation network in Asia Pacific comprises over 30 dedicated aircraft, key partner airlines including Tasman Cargo Airlines and Air Hong Kong. Together, DHL Express operates over 710 daily flights across more than 220 countries and territories. The company also recently expanded its Central Asia Hub – one of its three global hubs – to facilitate the growth of intercontinental trade demand.
Hashtag: #DHLExpressHongKong
The issuer is solely responsible for the content of this announcement.
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 395,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of more than 81.8 billion euros in 2023. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
On the internet: 
https://www.dhl.com/hk-en/home/press.html
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facebook.com/DHLExpressHongKong / 
instagram.com/dhlhk / 
linkedin.com/company/dhl-express-hong-kong/
What to Know about the Real Estate Tycoon Sentenced to Death in Vietnam’s Largest Fraud Case
HANOI, Vietnam (AP) — A Vietnamese real estate tycoon was sentenced to death Thursday in the country’s biggest ever financial fraud case, a shocking development in an intensifying anti-corruption drive in the southeast Asian nation.
Truong My Lan, a high-profile businesswoman who chaired a sprawling company that developed luxury apartments, hotels, offices and shopping malls, was arrested in 2022. The 67-year-old was formally charged with fraud amounting to USD 12.5 billion –- nearly 3 percent of the country’s 2022 GDP, as reported by Vietnamese state media.
Death sentences are not uncommon in Vietnam, but it is rare in financial crime cases and for someone this well known.
Here is a look at the key details of the case:
WHO IS TRUONG MY LAN?
Lan was born in 1956 and started out helping sell cosmetics with her mother, a Chinese businesswoman, in Ho Chi Minh city’s oldest market, according to state media outlet Tien Phong.
She and her family established the Van Thinh Phat company in 1992, when Vietnam shed its state-run economy in favor of a more market-oriented one that was open to foreigners. Over the years, VTP grew to become one of Vietnam’s richest real estate firms.
Today, the company is linked to some of Ho Chi Minh’s most valuable downtown properties, including the glittering 39-story Times Square Saigon, the five-star Windsor Plaza Hotel, the 37-story Capital Place office building, and the five-star Sherwood Residence hotel, where Lan lived until her arrest.
Lan met her husband, Hong Kong investor Eric Chu Nap-kee, in 1992. They have two daughters.
WHAT IS SHE ACCUSED OF?
Lan was involved in the 2011 merger of the beleaguered Saigon Joint Commercial Bank, or SCB, with two other lenders in a plan coordinated by Vietnam’s central bank.
She is accused of using the bank as her cash cow, illegally controlling it between 2012 and 2022, and using thousands of “ghost companies” in Vietnam and abroad to give loans to herself and her allies, according to government documents.
Unearthing Luang Prabang’s Mysteries: The Legend of the Lost Treasure
Armed with nothing but a map and a set of clues, exploring Luang Prabang has transformed into a game where participants are tasked with unveiling the secrets of a lost fortune; it is “The Legend of The Lost Treasure.”
Walking through the ancient streets of the UNESCO Heritage Town in northern Laos can now feel like being transported to an ancient era where mystery awaits at every turn. Starting from Sofitel Luang Prabang, tourists are guided by whispers of local legends and tales passed down through generations of Lao families.
Throughout the journey, participants encounter 12 riddles, each one offering a glimpse into the city’s past. From the streets of the old town center to the banks of the Nam Khan River, every clue brings the tourists one step closer to unlocking the secrets of the “lost treasure.”
The roads of Luang Prabang are known for their distinctive style that blends French colonial architecture and Lao traditional housing. Strolling through its alleys gives the visitors a glimpse into authentic Lao life, where local residents, families, and elderly couples would often recount the most fascinating stories about the town and its inhabitants. This experience lets tourists connect directly with Laos, learning firsthand rather than reading about it or relying on tour guides.
The game, launched by Sofitel and 3 Nagas Luang Prabang, isn’t just an exciting challenge for foreign visitors; it’s also a chance for locals to see Luang Prabang in a new light. While the “hunt” under the hot April sun can be tough, the excitement of uncovering the town’s secrets motivates even the most laid-back participants.
For those who need a break, 3 Nagas Restaurant offers a blend of French and Lao ice cream flavors to enjoy while waiting for the hunters to finish their quest.
With Pi Mai Lao or Lao New Year just around the corner, 3 Nagas Luang Prabang and its MGallery offer an exclusive “Pi Mai Ice Cream” from 10 to 16 April. Flavors like jasmine, pandan, and sticky rice aim to capture the spirit of the Lao New Year.
3 Nagas Luang Prabang: A Journey Through Time and Luxury
Among the quaint streets and ancient temples, the 3 Nagas Luang Prabang stands out, boasting accommodations steeped in heritage and luxury.
At the forefront of this historic site are two distinguished properties: the Lamache House and the Khamboua House. The Lamache House, with its seven rooms dating back to 1898, was initially built for informal gatherings of the Royal Court. Later, it transformed into an ice-cream parlor, earning the title of the official supplier to the Royal Court. During restoration, essence extracts used for flavoring ice cream were unearthed, one now showcased in the main lobby. Preserving the original structure, restoration involved traditional techniques, with most woodwork crafted from May Pow wood.
Across the road stands the Khamboua House, formerly known as the “Mantion,” dating back to 1903. Built by King Sisavangvong’s counselor, this building overlooks a garden that stretches toward the Nam Khan River. The Khamboua House, comprising eight uniquely traditionally styled rooms, also offers all modern comforts.
Results of the ixCrypto Index and ixCrypto Portfolio Indexes Quarterly Review (2024 Q1)
HONG KONG SAR – Media OutReach Newswire – 12 April 2024 – Today, IX Asia Indexes announced the 2024 1st quarter review of ixCrypto Index (“IXCI”), ixCrypto Portfolio Indexes and ixCrypto Stablecoin Index (IXSCI). The constituent changes will be effective on 19th April, 2024 (Friday). The results of the constituent review and exchange review are as follows:
1. Constituent Review – ixCrypto Index Series
1.1 ixCrypto Index
The number of constituents cryptos will decrease to 23 constituents with 2 additions and 4 deletions.
Additions
- Toncoin
- Internet Computer
Deletions
- Monero
- Hedera
- Lido DAO
- VeChain
After the change, the free float adjusted market capitalization coverage is 80.94%*, while the 90-day-average volume is 73.25%* (excluding stable coin which has 6.48% market capitalization coverage). The constituents change above and recapping at 40% will be effective on 19 April 2024 (Friday).
Since the last review, there has been an increase in the crypto total market capitalization from USD1.37tn to USD2.03tn (+48.05%)#, and an increase in the daily volume from USD52bn to USD89bn(+70.97%)#. Bitcoin remains as the largest crypto in the constituent list, with its price has gone up by 65.20% since the last review.
1.2 ixCrypto Portfolio Indexes
There’s no constituent change to ixCrypto 5 EW Index (“IXEW5”) and ixCrypto 5 SR Index (“IXSR5”).
Addition
No addition
Deletion
No deletion
The following constituent changes will be made to ixCrypto 10 EW Index (“IXEW10”) and ixCrypto 10 SR Index (“IXSR10”).
Addition
- Polkadot
Deletion
- Polygon
There’s no constituent change to ixCrypto Altcoin 10 EW Index (“IXAEW5”) and ixCrypto Altcoin 10 SR Index (“IXASR10”).
Addition
No addition
Deletion
No deletion
1.3 ixCrypto Stablecoin Index
The number of constituent cryptos will decrease to 3 with no additions and 2 deletions. Stablecoin comprises 6.64% of the total crypto universe, and ixCrypto Stablecoin Index covers around 97.48% of the 90-day average market capitalization in stablecoin universe.
Addition
No addition
Deletions
1. True USD
2. BUSD
2. Exchange Review
As a result of exchange review, the selected 10 exchanges to generate each of the fair average prices for the constituents are as follows:
Selected Exchanges
- Binance
- Upbit
- Bitrue
- DigiFinex
- Coinbase Exchange
- Huobi Global
- OKX
- P2PB2B (New)
- Gate.io (New)
- BitMart
For more details about our exchange selection criteria, please email info@ix-index.com
More details about the ixCrypto index, including their constituents, constituents’ weight are provided in the Appendices, or refer to the website https://ix-index.com/
*Exclude stable coins and exchange coins (based on conflict of interest rule methodology effective Oct 2, 2020)
#As of 31 March 2024, based on past 90 days average
Appendix 1
ixCrypto Index (“IXCI”)
| Universe | All crypto coins traded in at least two different exchanges around the world |
| Selection Criteria | Cryptocurrencies ranking in the top 80% of cumulative full market capitalization (“MC”) coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume |
| Number of Constituents | Variable/23 in Q1 2024 |
| Launch Date | 12th December 2018 |
| Base Date | 3rd December 2018 |
| Base Value | 1,000 |
| Reconstitution Rule | If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening. |
| Reconstitution and Rebalancing Frequency | Quarterly and with a fast entry rule |
| Weighting Methodology | Free float adjusted market capitalization weighted with a cap of 40% |
| Currency | US Dollar |
| Dissemination | Every 5 seconds for 24×7 |
| Website | https://ix-index.com/ |
Appendix 2
Weightings of the Constituents of ixCrypto Index
| Crypto | 90-day-average- Market Cap | 90-day-average-volume * | Cut-off Price |
Cumulative Market Coverage before Cap |
Weighting (%) After 40% Cap# | |
| 1 | Bitcoin | $1,369,892,136,469 | $17,130,241,883 | $69,645.31 | 51.63% | 40.00% |
| 2 | Ethereum | $421,201,618,786 | $9,389,066,783 | $3,507.94 | 68.87% | 33.16% |
| 3 | Solana | $86,381,585,800 | $2,999,311,846 | $194.39 | 71.52% | 6.80% |
| 4 | XRP | $34,165,159,479 | $1,042,947,263 | $0.62 | 73.07% | 2.69% |
| 5 | Cardano | $22,931,580,978 | $401,576,882 | $0.64 | 74.11% | 1.81% |
| 6 | Dogecoin | $28,652,694,245 | $2,403,795,719 | $0.20 | 74.90% | 2.26% |
| 7 | Avalanche | $20,003,992,981 | $370,817,943 | $53.00 | 75.65% | 1.58% |
| 8 | TRON | $10,756,642,376 | $236,560,785 | $0.12 | 76.18% | 0.85% |
| 9 | Polkadot | $13,470,870,728 | $173,787,689 | $9.43 | 76.71% | 1.06% |
| 10 | Chainlink | $11,121,452,631 | $299,629,003 | $18.94 | 77.22% | 0.88% |
| 11 | Shiba Inu | $17,597,376,638 | $712,109,187 | $0.00 | 77.69% | 1.39% |
| 12 | Toncoin | $18,244,778,890 | $178,324,742 | $5.26 | 78.15% | 1.44% |
| 13 | Polygon | $9,713,655,454 | $280,872,821 | $0.98 | 78.60% | 0.76% |
| 14 | Bitcoin Cash | $11,753,575,672 | $648,865,139 | $597.11 | 78.91% | 0.93% |
| 15 | Internet Computer | $8,260,958,843 | $240,356,456 | $17.90 | 79.21% | 0.65% |
| 16 | Litecoin | $7,650,079,353 | $729,886,796 | $102.86 | 79.49% | 0.60% |
| 17 | Uniswap | $7,554,174,607 | $120,951,795 | $12.62 | 79.76% | 0.59% |
| 18 | NEAR Protocol | $7,312,370,081 | $267,604,886 | $6.94 | 79.98% | 0.58% |
| 19 | Cosmos | $4,796,249,922 | $163,542,832 | $12.27 | 80.18% | 0.38% |
| 20 | Ethereum Classic | $4,817,832,809 | $229,532,049 | $32.93 | 80.38% | 0.38% |
| 21 | Aptos | $6,606,298,820 | $210,896,475 | $16.63 | 80.58% | 0.52% |
| 22 | Filecoin | $5,005,364,209 | $289,518,374 | $9.44 | 80.76% | 0.39% |
| 23 | Stellar | $4,012,959,227 | $91,989,525 | $0.14 | 80.94% | 0.30% |
As of 31 March 2024
* 90-day-average-volume ranking in total market is shown in the parentheses
# Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap
Selection of index constituents is based on the past 90-day-average market capitalization and volume.
For the calculation methodology of the index, please refer to the “ixCrypto Index Methodology Paper” on our website.
Appendix 3
Weightings of the Constituents of ixCrypto Portfolio Indexes
| Index Constituents | ixCrypto 5 EW Index | ixCrypto 5 SR Index | ixCrypto 10 EW Index | ixCrypto 10 SR Index | ixCrypto Altcoin 10 EW Index | ixCrypto Altcoin 10 SR Index |
|
| 1 | Bitcoin | 20% | 47.78% | 10.00% | 37.93% | – | – |
| 2 | Ethereum | 20% | 26.49% | 10.00% | 21.03% | 10.00% | 32.23% |
| 3 | Solana | 20% | 12.00% | 10.00% | 9.53% | 10.00% | 14.60% |
| 4 | XRP | 20% | 7.55% | 10.00% | 5.99% | 10.00% | 9.18% |
| 5 | Cardano | 20% | 6.18% | 10.00% | 4.91% | 10.00% | 7.52% |
| 6 | Dogecoin | – | – | 10.00% | 5.49% | 10.00% | 8.41% |
| 7 | Avalanche | – | – | 10.00% | 4.58% | 10.00% | 7.02% |
| 8 | TRON | – | – | 10.00% | 3.36% | 10.00% | 5.15% |
| 9 | Polkadot | – | – | 10.00% | 3.76% | 10.00% | 5.76% |
| 10 | Chainlink | – | – | 10.00% | 3.42% | 10.00% | 5.24% |
| 11 | Polygon | – | – | – | – | 10.00% | 4.89% |
Appendix 4
Weightings of the Constituents of ixCrypto Stablecoin Indexes
| Crypto | 90-day-average- Market Cap | 90-day-average- volume |
Cut-off Price |
Cumulative Market Coverage before Cap |
Weighting (%) After 40% Cap | |
| 1 | Tether
USDt |
$98,057,424,593 | $64,125,609,077 | $1.00 | 4.83% | 40.00% |
| 2 | USDC | $28,053,479,547 | $7,215,847,406 | $1.00 | 6.21% | 40.00% |
| 3 | Dai | $5,347,919,100 | $318,999,728 | $1.00 | 6.48% | 20.00% |
Appendix 5
ixCrypto Indexes Dissemination
Real time indexes are disseminated every 5-second interval for 24×7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.
The vendor tickers are shown below:
| Index Name | Bloomberg Ticker | Reuters Ticker |
| ixCrypto Index | IXCI | .IXCI |
| ixBitcoin Index | IXCBI | .IXBI1 |
| ixEthereum Index | IXCEI | .IXEI1 |
For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage https://ix-index.com or subscribe to LinkedIn: IX Asia Indexes
For data licensing and product, please contact us at licensing@ix-index.com.
For free API use on academic research or trial, please contact enquiry@ix-index.com
Hashtag: #IXCapitalInternational
The issuer is solely responsible for the content of this announcement.
About IX Asia Indexes and IX Asia Index Advisory Committee
IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24×7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into 27 indexes designed for exchange futures product, mark to market and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.
IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification.
Website: 
https://ix-index.com/
Advisory Committee: https://ix-index.com/committee.htm
About IX Crypto Indexes
The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24×7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI”, “IXEI”, with dissemination interval kept at 15-second unchanged.
Data center demand continues as land, power constraints drive push into new markets
HONG KONG SAR – Media OutReach Newswire – 12 April 2024 – Cushman & Wakefield has released its annual Global Data Center Market Comparison report, with Japanese markets outranking other Asia Pacific counterparts in both the Established and Emerging market categories.
In the Established markets category, Tokyo ranked third globally behind Virginia and Atlanta, with Mumbai placing seventh and Sydney ninth. Osaka ranked fourth in the Emerging markets category, with Hyderabad in eighth place and Bangkok in tenth.
Now in its fifth year, the 2024 report has an updated methodology to better reflect the rapid changes in both headwinds and tailwinds shaping the data center market. High weight factors include power availability, land availability and market size; mid weight factors include development pipeline, land price, power cost and cloud availability/operator presence.
Thirty APAC markets were included in the report, including new entrants Auckland, Batam, Brisbane, Perth, Pune and Taipei.
Asia Pacific highlights
While Singapore and Hong Kong remain in the Asia Pacific Top 10 Established markets, both have fallen out of the global ranking because of their constrained land supply, with neighbours in Malaysia (Johor) and Indonesia (Batam) consequently benefiting from their geographical proximity to Singapore.
Mumbai, Tokyo and Jakarta have jumped up the rankings as some of the most rapidly growing markets with each scoring well in absorption, development pipeline and vacancy. Within the emerging markets category, Osaka, Chennai and Hyderabad benefited from high competition for sites in neighbouring hotspots Tokyo and Mumbai.
The report shows all three regions—the Americas; Europe, the Middle East and Africa; and Asia Pacific—are expected to see existing capacity more than double. Asia Pacific currently has 10.6 GW operational capacity, with a development pipeline of an additional 13.3 GW expected to be realized in the coming five-to-seven years.
John Siu, Cushman & Wakefield’s Hong Kong Managing Director and Hong Kong Lead – Asia Pacific Data Centre Advisory Team, said:
“Hong Kong, a major player in the Asia Pacific region, stands strong in the regional ranking alongside Tokyo, Sydney, Singapore, and Beijing. The demand for high-tier data centers in Hong Kong remains robust, driven by the need to support cloud computing services. This demand is underscored by two significant en-bloc leasing transactions totaling over 300,000 square feet in 2023. BDx secured the en-bloc industrial building at 38 Wing Kei Road in Kwai Chung, while AirTrunk committed to the entire San Miguel Industrial Building in Shatin for their wholesale data center conversion projects. With continuous technological advancements and a surge in hyperscale activity, Hong Kong’s data center market is poised to become a dynamic hub for cutting-edge services, fostering long-term growth and global competitiveness.”
Cushman & Wakefield’s Managing Director and Head, Asia Pacific Data Centre Advisory Team Vivek Dahiya further added:
“Hyperscale activity has continued to add significant capacity to pipelines across markets like Mumbai, Tokyo, Sydney and Jakarta. As with other regions, we are also seeing growing interest in smaller markets. Emerging markets including Osaka, Hyderabad, Johor and Bangkok in particular are seeing growth. At a country level, Singapore is on track to join mainland China, Japan, Australia and India as markets with over 1GW in operational capacity in 2024.”
Hashtag: #CushWake
The issuer is solely responsible for the content of this announcement.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit 
www.cushmanwakefield.com.hk or follow us on LinkedIn (
https://www.linkedin.com/company/cushman-&-wakefield-greater-china).
ONYX Hospitality Group Announces Expansion to the Shama Portfolio: Shama Rayong: The first Shama in Thailand outside of Bangkok
Capitalising on the Demand for Serviced Apartments in Key International Business Areas
BANGKOK, THAILAND – Media OutReach Newswire – 3 April 2024 – ONYX Hospitality Group, the leading hospitality management company, is delighted to announce the expansion of its renowned Shama brand with the launch of Shama Rayong, capitalising on the demand for serviced apartments.
The signing ceremony took place on 1st April 2024 at Amari Bangkok, with the new property expected to welcome its first guests from Q1 2026. Shama Rayong marks a significant milestone for the brand and expanding its footprint in Thailand. The company recognises the increasing demand for serviced apartments, particularly in the post-pandemic era, and is confident that this new addition will be a welcome hub catering primarily to meet the needs of both long-stay expatriates working in the nearby industrial estates, business parks and those visiting for short-stay business purposes. The new addition is a continuation of the Shama brand’s success in Thailand. There are currently 6 Shama properties in Thailand, whilst the brand also operates in Hong Kong, mainland China and Malaysia.
Rayong is a city on the east coast of the Gulf of Thailand and the capital of Rayong province. Southeast of Bangkok, it is an important industrial area in Thailand. Rayong emerges as a pivotal player in Thailand’s transformative Eastern Economic Corridor (EEC), joining forces with other Thai provinces, Chonburi and Chachoengsao, to spearhead the nation’s manufacturing, research, and service sectors. Situated at the heart of this ambitious initiative, Rayong is poised to become a bustling hub, intricately linked with its ASEAN counterparts and global markets.
Located on a convenient route connecting Rayong City Center and the Map Ta Phut Industrial Estate, Shama Rayong is within close proximity to major industrial estates and business parks like WHA Rayong 36 and CPGC, allowing for a seamless commute within a 15-20 minute drive. Ideal for expatriates with school-aged children, international schools such as St. Andrews International School, Green Valley, and Singapore International School, Rayong are all within a 20-minute drive. A tranquil area, Shama Rayong’s location offers a peaceful atmosphere, a welcome respite after a busy day. When it comes to exploring during downtime, the vibrant Rayong City Center is just a 30-minute drive away. The property will feature over 150 room keys encompassing Studio, One-Bedroom and Two-Bedroom apartments, a restaurant, swimming pool, gym and meeting rooms, alongside all the welcoming signature touches guests have come to expect from the Shama brand.
Shama, a serviced apartment brand, provides its residents with a combination of comfort, style, and luxury. Each Shama apartment has been thoughtfully designed to cater to the discerning tastes of executives and travellers who seek more than just contemporary lodging, instead creating a cosy, homely haven. Shama is more than just a residence; it’s a hub for building relationships with the local community and fostering an environment that promotes socialising and sharing among residents and community members, alike. Whether a brief visit or settling in for an extended stay, everyone is embraced as part of the Shama family.
Shama Social Club is an essential component of Shama’s portfolio proposition and a key differentiator, inspiring community spirit and connecting guests to each of Shama’s distinct locations. The Shama Social Club enhances guest experiences by connecting them to each unique neighbourhood. It is built on Shama’s three main pillars: Contemporary living, featuring bespoke interior design that is both practical and stylish; Without boundaries, offering activities and programs to acclimate residents to the locale; and Thoughtful gestures, including considerate touches that help residents connect to the environment and feel at home from the first day of their stay.
Commenting on launch of Shama Rayong, CEO of ONYX Hospitality Group, Mr. Yuthachai Charanachitta stated,
“We are thrilled to unveil Shama Rayong, marking a pivotal moment for the Shama brand, in response to the growing demand for serviced apartments, particularly in the business travel segment. Shama Rayong will cater to a diverse clientele, offering a seamless blend of comfort, convenience, and local immersion for both business travellers and expatriate families. We are confident that Shama Rayong will become a vibrant hub for residents and a testament to the exceptional experiences the Shama brand consistently delivers.
As part of our broader vision, ONYX Hospitality Group aims to solidify its position as ‘The Best Medium-sized Hospitality Management Company in Southeast Asia,’ reflecting our commitment to excellence and continuously elevating the standards of hospitality in the region. As Thailand’s leading company specialising in the management of hotels, resorts, serviced apartments, and luxury residences, featuring renowned brands such as Amari, OZO, Shama, and Oriental Residence, we have an exceptional track record in managing hotels, resorts, and serviced apartments across diverse countries in the Asia Pacific region. Shama Rayong is another key development showcasing our dedication to expansion in Southeast Asia, whilst simultaneously ensuring we provide exceptional guest experiences and foster sustainable practices.”
Commenting on the launch of Shama Rayong, Owner of Dream D Co. Ltd, Mr. Damrong Pitaksit stated,
“We are pleased to be working with the team at ONYX Hospitality Group in developing a new upscale serviced apartment in Rayong with a strong hospitality brand like Shama. Our development expertise combined with ONYX Hospitality Group’s international experience and strong network in the hospitality sector with the Shama brand will produce a unique product and experiences in Rayong. We have witnessed and been impressed with the focused expansion of ONYX Hospitality Group across Thailand and the Southeast Asian region, and look forward to working with them. I believe this is the beginning of a strong and long-lasting business partnership with ONYX Hospitality Group in the future”.
With a profound commitment to ‘A Tailored Approach to Hospitality,’ ONYX Hospitality Group’s distinctive vision of being ‘the best medium-sized hospitality management company in Southeast Asia’ sets it apart from competitors. This ethos permeates every facet of ONYX Hospitality Group’s operations, ensuring guests receive unmatched service and experiences that surpass expectations.
ONYX Hospitality Group is committed to expanding the Shama brand whilst continuously evolving and striving to provide guests with the exceptional service and amenities that they have come to expect. ONYX Hospitality Group currently operates 16 Shama properties in the prominent locations of Hong Kong, Bangkok, Hangzhou, Changchun, and Daqing, with another 5 properties under construction. Additional upcoming openings include:
– Shama Medini – Malaysia
– Shama Suasana Johor Bahru – Malaysia
– Shama Hub Metro South – Hong Kong
– Shama Hub Qiantang Hangzhou – China
– Shama Rayong – Thailand
For more information on ONYX Hospitality Group, visit www.onyx-hospitality.com.
Hashtag: #ONYXHospitalityGroup
The issuer is solely responsible for the content of this announcement.
VinFast officially begins sales of VF DrgnFly electric bike in the U.S.
LOS ANGELES, USA – Media OutReach Newswire – 12 April 2024 – VinFast Auto (Nasdaq: VFS) today announces it will begin selling its VF DrgnFly electric bike in the U.S. by late April with a listed price of $2,599. Following the bike’s unveiling at the Consumer Electronics Show (CES) in January 2024, the sales launch of the VF DrgnFly confirms its strong relevance to the U.S. market and its potential to be at the forefront of the global green transportation revolution.
The VF DrgnFly boasts an impressive appearance and advanced technological features and strongly affirms VinFast’s commitment to bringing exciting and intelligent mobility solutions to American consumers. The launch also marks another step in VinFast’s expansion in the U.S., the world’s most vibrant electric vehicle market with strong consumer awareness in sustainable mobility.
The bike’s design is inspired by the image of a flying dragon in the Vietnamese culture. The VF DrgnFly features a wide handlebar, balloon tires, and an ergonomically designed saddle, optimizing the riding experience in any type of journey. The VF DrgnFly also utilizes a flat frame rather than a traditional tube frame, boasting a distinctive aesthetic for the bike while still prioritizing an optimal balance between weight and durability. This design approach, which required the use of advanced fabrication techniques, demonstrates VinFast’s world-class manufacturing capabilities.
As a smart electric bike, the VF DrgnFly supports a mobile application that allows riders to enjoy a range of smart features, including multiple driving modes, ride statistics records, and opening/locking with special modes. Over-the-air (OTA) software updates will ensure the bike is continuously enhanced to bring a superior experience for consumers.
Powered by a 750W rear hub motor, a single-speed gearbox, and a torque sensor, the VF DrgnFly offers a smooth and responsive riding experience with a top speed of up to 28 mph (45 km/h)*. The torque sensor adapts to each input, detecting changes in force of up to 16,000 times per second, far surpassing the capabilities of traditional sensors found in conventional electric bikes.
The VF DrgnFly has an impressive range of up to 68 miles (110 km)* on a single charge supported by an advanced energy optimization system allowing riders to travel longer distances. The bike also comes with a home charger and a removable lithium-ion battery, providing convenience to consumers.
Customers can order the VF DrgnFly through VinFast’s dealer network in the U.S. Committed to delivering high-quality products and outstanding after-sales service, VinFast offers one of the best warranty policies in the market, a two-year warranty.
Mr. David Duncan, Vice President of Sales and Marketing, VinFast U.S., said: “The official launch of the VF DrgnFly in the U.S. exemplifies our unwavering commitment to bringing electric mobility to everyone. By offering a sustainable, smart, and personalized mobility option, we are embracing the green transportation revolution, paving the way for a healthier and more vibrant future.”
Building on VinFast’s comprehensive range of smart electric vehicles, the VF DrgnFly will provide various sustainable mobility options and bring electric transportation closer to American consumers.
In addition to growing in key markets such as the U.S., Canada, and Europe, VinFast is actively expanding into Vietnam’s neighboring countries in Asia such as India, Indonesia, Thailand, the Philippines, as well as the Middle East and Africa. Outside of Vietnam, VinFast is also aiming to accelerate the construction of EV manufacturing plants in the U.S. and India, and will establish a plant in Indonesia.
For detailed product information, please visit: https://vinfastauto.us/vehicles/e-bike
(*) Note: Rideable distance may vary depending on external factors such as speed, driving style, passengers, load weight, tire condition, weather conditions, and road conditions. Top speed is also subject to external factors and local regulations.
Hashtag: #VinFast
The issuer is solely responsible for the content of this announcement.
About VinFast
VinFast – a member of Vingroup – envisioned to drive the movement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with scalability that boasts up to 90% automation in Hai Phong, Vietnam.
Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: 
https://vinfastauto.us/
