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Laos Faces a Growing E-Commerce “Scamdemic”

Laos Faces a Growing E-Commerce "Scamdemic"
Online scams are becoming more prevalent in Laos. (Photo: Freepik)

Lao netizens are now contending with a surge in scams perpetrated through social media platforms, giving rise to what’s being termed a “scamdemic.” This troubling trend involves victims paying in advance for products advertised online but never receiving them.

Arrow Electronics Empowers Startups with Design Engineering and Supply Chain Capabilities for Developing Robotics and AIoT Devices in the Greater Bay Area

SHENZHEN, CHINA – Media OutReach – 22 August 2023 – Global technology-solutions provider Arrow Electronics, Inc. hosted its annual “Arrow Technology Showcase” event today in Shenzhen, China.

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With the theme of “Guiding Technovators to a Better Tomorrow”, the event brought together hundreds of technology companies, manufacturers, solution providers, and tech startups[JH1] across the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in southern China. The event showcased over 100 components, systems, applications, and solutions, focused on robotics, AIoT (Artificial Intelligence of Things), and smart energy.

GBA, a megalopolis with a total population of over 86 million and an estimated GDP of around USD1.8 trillion in 20221, is home to one of the most vibrant and thriving communities of technology innovators and entrepreneurs in China. As tech startups and innovative companies strive to develop more practical and robust technology solutions to harness the potential of digitalization, decarbonization, and electrification, they often face increasing engineering and ever-complex supply chain challenges. As a global technology solutions provider, Arrow provides best-in-class engineering, supply chain expertise, and global ecosystem support to help enable these innovators and entrepreneurs in overcoming technological and supply chain challenges and bringing their creative and innovative ideas to market faster.

Empowering innovators in the GBA and beyond

Arrow established its first open lab at Hong Kong Science Park (HKSTP[JH2] ) in 2016. The lab has since served as a center of excellence for hundreds of local engineers and creators to solve engineering problems and accelerate the idea-to-prototype-to-production journey. To further support the broader GBA region, Arrow has launched a new open lab at Xbot Park in Dongguan, an industrial city in GBA.

“XbotPark is a global startup incubator focused on robotics and smart hardware, dedicated to offering the necessary mentorship, ecosystem support, funding access, and technology resources it takes for startups to grow and succeed. We are excited to collaborate with Arrow and gain their support of our high-potential tech start-ups, not just in Dongguan but also the broader GBA region. Arrow brings a wealth of technologies, from microelectronics and sensors to connectivity and edge platform, as well as design engineering expertise, and supply chain services. These resources and capabilities are essential for startups [JH3] and innovators to maximize their business potential,” said Zexiang Li, co-founder of XbotPark.

Nurturing robotics innovators

China’s robotics market is expected to be worth USD17.4 billion with an annual growth rate of 22 percent, according to the China Robotics Industry Development Report2. Industrial robots are valued at USD8.7 billion, service robots at USD6.5 billion, and specialized service robots at USD2.2 billion.

Direct Drive Tech, a Dongguan-based company specialising in the R&D and production of robot joint and motion solutions, showcased its latest wheeled-leg robots at Arrow’s showcase event. As a graduate of XbotPark incubation program, Direct Drive is committed to eliminating reduction gearboxes and creating direct drive precision power solutions worldwide. “With the support of global technology companies such as Arrow, we can gain access to ecosystem resources that allow us to reach a broader market and fully maximize our growth potential with our robot actuator and highly efficient power solutions,” said Jet Yin, global marketing director of Direct Drive Tech.

As part of the Arrow and HKSTP co-incubation training program launched since 2021, Arrow’s engineering team has offered free robotic and AIoT technology training to over 400 engineers enrolled in the program. Direct Drive’s wheeled-leg robot has been featured as one of the open platform tools in the robotic technology training program.[JH4]

HengZi Future, a developer of consumer-grade robotic products and a current incubatee of XbotPark incubation program, also showcased its latest consumer-grade pet robots at the event.

“As we continue to enhance our robotic product offerings and scale up our business, we look forward to gaining access to Arrow’s comprehensive portfolio of advanced electronic components, design engineering resources, and go-to-market support,” said Pei Heng Song, founder and CTO, Hengbot Innovation.

As the first electronics hardware lab established in XbotPark, Arrow’s open lab occupies a total space of 1,200 square meters with engineering equipment and testing modules and an open collaboration area. This enables local and international startups to design, develop and test their products and solutions effectively.

“Cross-disciplinary cooperation and technology integration are key to fostering continuous innovations and sustainable development in today’s highly competitive and rapidly evolving market landscape,” said Arthur Jiang, Arrow’s president for its Asia-Pacific components business. “Technology companies and startups constantly face challenges from competing research and product development needs and evolving demands for product features to a shifting supply chain landscape. By offering our global network of resources, industry insights, and in-market presence, we act as a trusted technology partner who can guide and help them take their ideas from imagination to innovation.”
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1 https://www.bayarea.gov.hk/en/about/overview.html#:~:text=The%20total%20area%20is%20around,RMB%2013%20trillion%20in%202022.

2 https://dsj.guizhou.gov.cn/xwzx/gnyw/202208/t20220823_76224575.html

Hashtag: #ArrowElectronics

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

About Arrow Electronics

Arrow Electronics guides innovation forward for over 210,000 leading technology manufacturers and service providers. With 2022 sales of $37 billion, Arrow develops technology solutions that help improve business and daily life.

Learn more at arrow.com/fiveyearsout

OMNI Tuna Wins Gold Award for Best Vegan Fish in Vegan Food & Living Awards

LONDON, UNITED KINGDOM – Media OutReach – 22 August 2023 – Food Tech company OmniFoods has endeavoured to bring healthy and sustainable products through innovation, OmniFoods is proud to announce that the OMNI Tuna has been awarded the Gold Award for Best Vegan Fish in the Vegan Food & Living Awards. This recognition further solidifies OMNI’s commitment to delivering innovative and delicious plant-based seafood alternatives.

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To celebrate this remarkable achievement, OMNI invites diners to indulge in the exquisite flavours of its award-winning OMNI Tuna at select locations. Starting from today, diners can visit Pastan in London, Manchester and Bristol to experience the exclusive OMNI Tuna Menu, featuring mouthwatering dishes such as OMNI Tuna Caesar Salad and OMNI Tuna Mac & Cheese. Each dish showcases the versatility and culinary possibilities of OMNI Tuna, providing a delightful dining experience for both vegans and seafood enthusiasts alike.

For those in the Cwmbran area, The Queen Inn presents an opportunity to savour the tantalising OMNI Tuna Menu, which includes the OMNI T*na & Sweetcorn Mayo Salad and the OMNI T*na Sweetcorn Mayo Wrap. These delectable creations highlight the incredible taste and quality of OMNI Tuna, delivering a satisfying plant-based alternative that leaves a lasting impression on diners.

For more information about OMNI Tuna and to explore the full range of OMNI products, please visit www.omnifoods.co.

Hashtag: #OMNI

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

About OmniFoods

OmniFoods, the food innovation arm under Green Monday Holdings, is a global leading plant-based food company. The OmniFoods’ brand ranges from OMNI Pork, Seafood, Beef & Chicken to OMNI Chef solutions like Appetisers & Entrees, with a goal to make food for all people and all cuisines. With R&D in Canada and distribution network in over 20 markets, OmniFoods’ products have received various international awards & accolades – OMNI Mince and OMNI Luncheon were awarded a One-star Great Taste Award in 2021, and OMNI Golden Fillet received the Silver Quality Award in the Monde Selection 2022 and voted as the best Vegan fish by PETA UK. OMNI Tuna received the Gold Award for ”Best Vegan Fish” in UK’s No.1 vegan magazine, Vegan Food & Living’s Product Awards 2023.

ADB to Finance USD 45 Million Package to Strengthen Health Care Services in Laos

The Asian Development Bank (ADB) has approved a USD 45 million financing package to help strengthen quality health care in 16 districts across 10 provinces in Laos.

Taokaenoi appoints new HK agent

Goodbase Trading takes over to enhance the brand

HONG KONG SAR – Media OutReach – 22 August 2023 – The world-famous Thai snack brand Taokaenoi announced its appointment of Goodbase Trading Ltd. (“Goodbase Trading”) as sole agent in Hong Kong. A contract signing ceremony was held at the Food Expo by both parties. It is expected that this collaboration will bring new opportunities to the brand.

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To celebrate the alliance, Taokaenoi distributed free seaweed snacks for the public to taste in different zones of the Food Expo. The company as well distributed limited edition photos of their global celebrity endorsers – ZeeNuNew, the handsome Thai BL stars. The distribution was very popular among citizens in all the zones.

The 15-year collaboration between Taokaenoi and Goodbase Trading began in Macau. Goodbase Trading’s thorough understanding of Taokaenoi and its products, coupled with their Hong Kong company’s knowledge of the local market, have an edge to develop regional marketing plans and expand sales channels. During the signing ceremony, Wachira Yarnthasanakij, the Chief International Trade Officer of Taokaenoi, expressed his pleasure for the cooperation and looked forward to Taokaenoi’s brand awareness continued to improve in Hong Kong.

Taokaenoi’s seaweed snack has a unique sea aroma with enriched spices. The series of seaweed products remove the smell of fish by grilling and have different shapes that give you different textures. They import quality seaweed to ensure freshness and zero contamination. Their refined manufacturing methods comply with GMP and do not add preservatives nor food colors, making their snack healthy and tasty. It well explains why they take up over 60% of the Thai seaweed snack product market, and why it is so popular in Greater China and the Asia-Pacific region, and even export to Europe and the United States.

Goodbase Trading Marketing Director Mr. Ip Chiu Fai hoped to cooperate with more local sales channels so that more citizens understand this healthy seaweed food brand. He also announced the launch of two Taokaenoi’s seaweed snack products at Wellcome Supermarket. More close discussions with other chain groups and industry partners are still ongoing. Let’s look forward to it.

Hashtag: #Taokaenoi #Goodbase


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

Taokaenoi

Taokaenoi is the largest seaweed producer in Thailand, ranking first in Thailand’s market share, and our products have been exported to more than 40 countries around the world. Since 2004, we have committed to provide consumers with the healthiest and tastiest seaweed snacks, letting the public know about the health benefits of seaweed. We believe that our love and passion for what we do, make a difference in our products. Good quality of ingredients are carefully selected to make our tasty seaweed snacks. It has been our goal to continue creating new products for the world market.

Goodbase Trading

Goodbase is a member of Vang Kei Hong Group of Macau. Based in Hong Kong, Goodbase is a leading company in providing market development. It specializes in branded fast-moving consumer products like food and beverage, and other fields, providing customers with comprehensive market expansion services, including product feasibility studies, import declarations, customs handling, and marketing planning, sales, on-site sales and promotion services, warehousing management, physical distribution, invoicing, collection, after-sales service and other value-added services. We have professional and extensive local knowledge combined with a comprehensive infrastructure that allows us to understand the needs of our business partners and provide tailor-made services to help our partners grow their businesses. We are currently the sole agents of many famous brands, serving over 1,000 accounts including department stores, supermarkets, and hotels.

Coda goes to Cologne! Come meet us at #Gamescom2023

COLOGNE, GERMANY – Media OutReach – 22 August 2023 – Coda Payments (“Coda“), the world’s leader in out-of-app content monetization solutions, returns to Gamescom in Cologne this year.

Coda goes to #Gamescom 2023 at Cologne

At Coda, our publisher partners are our priority and we’re expanding our suite of solutions to ensure we keep pace with their evolving needs.

Today, we’re excited to share our latest solution, Coda’s direct-to-consumer (D2C) webshops, which enables publishers to monetize their content to fans directly. With over a decade of experience and having built and transformed Codashop into the most reliable and battle-tested platform for out-of-app monetization in global gaming, Coda is the ideal partner to help publishers create, operate, and grow the success of their D2C webshops.

To date, Coda has facilitated over 400 API integrations and established a massive paying user base of over 80M+ active buyers, helping publishers maximize their revenue and margins worldwide. In addition to having the required technical expertise to successfully build and run webshops, Coda has the benefit of already operating in over 60 markets and supporting local payment methods where publishers can unlock meaningful revenue. We have a deep understanding of local contexts – from the regulatory landscape to consumer preferences – and are always on hand to provide local insights to our publisher partners.

Coda prides itself on having evolved into a trusted strategic monetization, discovery and market development partner for gaming and digital content publishers around the world. Our goal is to help publishers go to market quickly with an established foundation that requires little legwork, and retains the scalability and flexibility to grow. What we deliver to publishers is: More players, less payers, less lift.

Gamescom attendees will have the opportunity to learn more about this, as well as our other out-of-app content monetization solutions across gaming, live streaming, and more.

Tamara Japp-Shama, Senior Director, Publishing Partnerships at Coda commented, “It’s a privilege to be back at one of the most iconic gaming events in the world. We’ve come a long way from where we were last year and can’t wait to share our latest solutions and insights with Gamescom attendees. We’re looking forward to seeing familiar and new faces to discuss how Coda is transforming the future of out-of-app monetization in the gaming industry and beyond.”

Since its establishment in 2011, with its headquarters in Singapore, Coda has gained trust from some of the world’s most renowned game publishers, including Activision Blizzard, Electronic Arts (EA), miHoYo, Riot Games, and Supercell, facilitating global audience expansion. Collaborating with over 300 game and digital content publishers in over 60 markets, Coda empowers revenue growth by efficiently reaching paying players through seamless out-of-app content monetization solutions.

Backed by Smash Capital, Insight Partners, GIC, Apis Partners and GMO Global Payment Fund, Coda has been named one of the fastest-growing companies in APAC by the Financial Times, a Technology Pioneer by the World Economic Forum and the Best Payment Solutions Provider for the game Industry (Global) by Global Brand Magazine.

Call to Action:
Explore Coda’s cutting-edge digital content monetization solutions at Hall 2.1, Booth D-010.

Hashtag: #Coda #Gaming #ContentMonetization #GamesCom

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

About Coda

Founded in 2011, is the global leader in content monetization solutions for gaming publishers. We connect over 300 publishers, including gaming’s biggest names like miHoYo, Tencent and ByteDance, to 10M+ customers in 65 markets through 300+ payment methods. Coda’s flagship solutions include , our direct payments integration on publishers’ websites, and , the preferred destination for in-game content purchases for millions of gamers worldwide. Coda also expands publishers’ reach across super-apps and e-commerce sites through . Backed by Smash Capital, Insight Partners, GIC, Apis Partners, and GMO Global Payment Fund, we’re recognized as a , , and the .

Phillip Nova Launches Forex/CFD Trading Challenge for Young Investors, Featuring a Grand Prize of S$1200

The annual Phillip Nova Young Investors Trading Challenge offers an invaluable platform for novice traders aged between 18 and 30 to sharpen their trading skills, vie against friendly competitors, and vie for a dazzling grand prize of up to S$1200.

SINGAPORE – Media OutReach – 22 August 2023 – Following the success of the Phillip Nova Young Investors Trading Challenge of 2022, where more than 400 budding young traders engaged in intense competition, the annual trading challenge makes its return in 2023. This time, on a grander scale, with even more exciting prizes up for grabs.

Across a span of 15 days, contestants will harness the power of the Phillip MetaTrader 5 trading platform to engage in Forex and Contract for Differences (CFD) trading within a simulated environment. Each participant will operate with a virtual equity of US$100,000 in credits.

The participants having the highest equity at the challenge’s conclusion stands a chance to secure the grand prize of up to S$1,200. In a bid to foster learning and celebrate youthful investment, a total of 20 prizes will be distributed. The top prize amounts to S$1,200, followed by S$600 for the first runner-up, S$300 for the second runner-up, and S$50 prizes for participants ranking 4th through 20th.

Notably, in the 2022 iteration of the trading challenge, the ultimate victor, an undergraduate at the Singapore Management University (SMU), achieved an impressive feat by tripling his account within a mere 9 trading days.

This year’s challenge kicked off on 21 August and is set to conclude on 8 September, offering young investors in Singapore the chance to showcase their trading prowess. Registration remains open throughout the trading challenge period.

Participants were granted the privilege to partake in a live trading bootcamp, conducted by the accomplished professional trader and coach, Ang Kar Yong. The bootcamp covered essential topics such as fundamental and technical analysis, formulation of trading plans, and, crucially, the art of risk management. Moreover, participants enjoyed an extensive Q&A session with the coach, during which numerous insightful inquiries from the intellectually curious young investors were answered. Find the recorded session here.

The Phillip Nova Young Investors Program, inaugurated in 2020, has organised an array of events and initiatives. Their mission revolves around advancing financial literacy among Singapore’s budding investors. These initiatives encompass diverse trading and investment bootcamps, dynamic trading challenges, and comprehensive training sessions conducted by industry experts. In a digital age awash with information, the necessity of reliable and quality sources of financial education for young investors has become paramount.

Upon the conclusion of the challenge, on 14 September 2023, Phillip Nova has an exciting plan in place. Phillip Nova will be organising a closing/networking event that will be held physically, providing participants with the opportunity to come together, network with like-minded individuals, and connect with industry professionals. This event aims to foster a vibrant community of young investors keen on learning and growing together.

Young traders who are interested can sign up for the challenge here.

Hashtag: #PhillipNova #Investment #MT5 #CFD #TradingStrategy #TradingChallenge #Competition



Young Investors Telegram:

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

About Phillip Nova

Phillip Nova (formerly known as Phillip Futures) was inaugurated in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). We have since grown to become one of the region’s top brokerages for the trading of Stocks, CFD, Forex, global Futures and Commodities. The Group has clearing memberships in 21 global exchanges, including APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX Group exchanges.

GEODIS makes strategic investments in Asia expanding Road Network from Singapore to China

Equipped with industry-leading Internet of Things (IoT) security features and infrastructure, the GEODIS Road Network is integrated with major air and sea ports and offers multimodal options to meet customer needs for agile and flexible supply chains

SINGAPORE – Media OutReach – 22 Aug 2023 – GEODIS, a global leader in the transport and logistics sector, is driving its growth in Asia with strategic investments in its capabilities and infrastructure in the region. The company has expanded its Road Network from Southeast Asia (SEA) to China – solidifying its position as a leader in providing secure day-definite, cost-efficient and environmentally-friendly solutions connecting Singapore, Malaysia, Thailand, Vietnam and China.

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The Road Network features advanced IoT technology and equipment for transporting goods securely for the High Tech, Semiconductor, Automotive, Engineering, Retail, and Fast-Moving Consumer Goods (FMCG) sectors. Investments have also been made to increase service frequency and to enhance its capabilities with dedicated customs brokerage and trade compliance teams at major border crossings to facilitate the seamless movement of goods. The Road Network integrates with major air and sea ports to offer customers a variety of multimodal options to meet the challenges of today’s fast-moving environment and their need for agile and flexible supply chains.

The Road Network to Shenzhen will officially launch on 23 August 2023 and will subsequently be extended to Hong Kong, and in the near future to Indonesia, connected by an inter-modal road-sea service.

In recent years, trade between ASEAN and China has grown rapidly, underscoring the significance of logistics in facilitating trade. Road freight has become one of the fastest-growing modes of transport in the ASEAN freight market with Thailand and Vietnam looking to invest further in infrastructure to support cross-border trade. The Road Network will enable GEODIS to access the expanding logistics sector in Asia Pacific, projected to reach US$4.5 trillion by 2029 with an anticipated growth of 5.24% from 2023 to 2029.

“ASEAN and China are two of the fastest growing economies in the world. As the region remains poised for growth, GEODIS sees the extension of our Road Network to China as an opportunity to enhance our multimodal solutions and connectivity across major air hubs and seaports to give customers greater flexibility and reliability. We have made significant investments to our security, infrastructure and capabilities to ensure a safe and efficient flow of goods for our customers. Ultimately, we want to provide them with a competitive advantage to grow their business,” said Onno Boots, Regional President and CEO of GEODIS Asia Pacific and Middle East.

Recognizing the need for high security, GEODIS has made significant investments into advanced IoT security equipment and processes to safeguard high-value shipments throughout the Road Network. With GPS-tracked, sensor-equipped containers, prime movers and trailers, the Road Network is monitored 24/7/365 by a professional command center, providing real-time, end-to-end visibility of shipments actual locations. Customers can access automated updates of shipment milestones including border crossings via GEODIS’ freight management solution.

The Road Network will be equipped with industry-first truck safety and driver assistance features such as brake assist, stability control assist, hill hold assist and driver fatigue monitoring, to ensure utmost safety of people, vehicle and cargo.

GEODIS also targets heightened economic, operational and environmental performance through high-utilization double-deck container loading, and reduction in carbon emissions through their fleet of new prime mover trucks. Last year, GEODIS added to their fleet seven new Mercedes-Benz Actros prime movers, equipped with the latest in security and safety technologies.

The completion of the GEODIS Road Network from Singapore to China is part of the company’s continued investment to boost its capabilities and infrastructure to match their customers’ growth in the Asia Pacific region.

Hashtag: #GEODIS

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

GEODIS – www.geodis.com   

GEODIS is a leading global logistics provider acknowledged for its expertise across all aspects of the supply chain. As a growth partner to its clients, GEODIS specializes in five lines of business: Supply Chain Optimization, Global Freight Forwarding, Global Contract Logistics, Distribution & Express, and European Road Network. With a global network spanning nearly 170 countries and more than 49,400 employees, GEODIS is ranked no. 6 in its sector across the world. In 2022, GEODIS generated €13.7 billion in revenue. GEODIS is a company owned by SNCF group.