SINGAPORE – Media OutReach – 9 November 2022 – The DHL Air Freight State of the Industry report is now available. Below are highlights of the latest developments of the global air freight market in this monthly analysis by DHL Global Forwarding.
During the pre-pandemic years, the period starting from October towards the end of the year would see a burgeoning surge of air cargo demand and rates due to the approaching holiday season. However, the air freight front in October 2022 shows almost no signs of a fourth quarter cargo surge. Certainly, the belief that 2022 would see the normalization of trading patterns after two years of Covid-19 disruption looks premature.
Demand outlook – The global average inflation rate for 2022 is expected to be around nine percent. In fact, the soaring inflation is forecasted to last well into 2023, with “reduced purchasing power likely to create lesser demand/volumes“.
Presently, the global demand outlook is deteriorating. For example, Airport Authority Hong Kong (AAHK) said cargo throughput at Hong Kong International Airport (HKIA) in September 2022 fell 25 percent as compared to 2021. Despite low volumes in demand globally, trans-Atlantic air trade volumes remain comparatively stronger than most markets, which is a positive sign from a global perspective.
Rates – There has been a substantial fall in rate levels as shippers shift mode of transport from air shipments to ocean freight as the reliability of vessel schedule continues to improve.
Lockdowns will continue to impact supply chains in China, with. The latest restrictions hit key manufacturing hubs in Ningbo, Shanghai and Tianjin, with Ningbo in particularly affected during October.
The outlook from key markets is also less than inspiring for air freight stakeholders. Nomura expects the Europe area, which is suffering from surging energy prices, to be in recession from Q4 2022 until the end of 2023. The analyst firm also forecasts that a U.S. recession will begin this quarter.
Capacity – Global overall capacity is up by 18 percent for October 2022 versus 2021, while PAX capacity sees a 23 percent year-on-year increase, will continue to improve due to high travel demand. “In Asia, we’re now seeing Cathay ramping up its flights and we’re expecting fewer space constraints out of China following Golden Week,” said Kelvin Leung, CEO, DHL Global Forwarding Asia Pacific
The DHL Air Freight State of the Industry is a monthly report by DHL Global Forwarding which tracks and analyses the latest developments of the global air freight market. Read the full analysis on DHL’s Logistics of Thingshere.
Hashtag: #DHL
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 380,000 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 Deutsche Post DHL Group. The Group generated revenues of more than 81 billion euros in 2021. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. Deutsche Post DHL Group aims to achieve net-zero emissions logistics by 2050.
Thailand is suffering from an acute energy crisis at the moment and the Energy Ministry of the country plans on closing pubs, petrol pumps, and 24-hour convenience stores early if the situation deteriorates further.
SINGAPORE – Media OutReach – 9 November 2022 –CoinW, the World-class comprehensive digital asset trading platform will be sponsor of the 13th Global Soccer Awards, and join the global fans to help launch the annual awards on November 17.
The quadrennial Qatar World Cup is approaching, and the Dubai Global Soccer Awards will be held just before the World Cup. The annual ceremony which will be held three days after the award ceremony, has gathered top figures including Infantino, Platini, Capello, Mourinho, Maradona, Messi, Cristiano Ronaldo.
The Dubai Globe Football Awards was founded in 2010 and covers all aspects of soccer, including Best Football Agent, Best Contribution of the Year, Best signings of the Year, Best Club of the Year, and even Most Influential Player in Social Media, Best E-Sports.
The 2022 Global Soccer Awards announced the shortlist of candidates for each awards. In the list of best male soccer players, Messi, Cristiano Ronaldo, Mbappé, Benzema and other stars are listed.
CoinW debuts the annual soccer banquet, Exploring the unlimited possibilities of the sports industry.
CoinW was established in 2017, has experienced many rounds of bull and bear turnover and still operates smoothly. With sufficient liquidity, intelligent risk control system, authoritative compliance regulation, bank-grade capital security, global strategic layout and perfect ecological system, it has now leaped to a world-class comprehensive crypto asset trading platform.
CoinW has been actively exploring the possibilities of the sports and made its debut in La Liga in May, helped the world-class boxing event Kunlun Fight in June, and sponsored the East Asian Cup and the old European soccer club in July, showing the strong strength and influence of it.
More people will be exposed to crypto assets and recognize the positiveness and significance of blockchain for financial inclusion.
As a world-class comprehensive crypto asset trading platform, CoinW has been laying out the international market. In addition to cooperating with sports events, CoinW has also participated in global summits and exhibitions in the field of crypto in Dubai, Canada, Singapore, London, Vietnam and Turkey in 2022, and is moving forward on the road of globalization. In order to deepen brand image, CoinW will strengthen its cooperation with large international sports events to expand CoinW’s global influence.
MANILA, PHILIPPINES – Media OutReach – 9 November 2022 –Global management consulting firm Kearney announces the opening of its Philippines office in Manila as part of the firm’s next stage of growth in Southeast Asia. Driven by client demand, the Manila office will enable Kearney to capture the growth opportunities and strengthen its commitment to the market.
This expansion is built upon Kearney’s close working relationship with clients in the Philippines since the 2010s, as well as its heritage as the original strategic operations and transformation firm. Over the years, particularly during the pandemic, Kearney has helped companies in sectors such as Communication, Media & Tech, Financial Services, Health and more to enhance their resilience in an evolving business landscape.
Kearney is planning to grow its team in the next few quarters by hiring more local talent, who will be supported by a bench of experts in the region, particularly in the areas of procurement, operations, and supply chain.
“Our Philippines business portfolio has grown steadily in the past few years. While the pandemic and recent geopolitical and economic uncertainties have created a challenging environment for businesses, they see the value that a third-party consultant brings to the table in helping them uncover and capture untapped opportunities through transformation,” said Marco de la Rosa, Partner, Philippines Country Head at Kearney.
The Philippines economy is poised for growth in the short to medium term. According to the Asian Development Bank’s latest forecast, the Philippines leads all Southeast Asian countries in its 2022 GDP growth at 6.5%, tying with Vietnam, and continues to see strong growth momentum in 2023 with GDP forecast to grow at 6.3%[1].
“We believe the future is bright for the Philippines market,” Marco added. “As we look to 2023—even as organizations are being more prudent given macroeconomic conditions—we expect to see Philippine corporates grow into adjacencies and accelerate their entry into the digital economy; more Philippine tech companies playing at a regional or even global level; and the government investing more in the requisite infrastructure and talent to enable this. These factors, together with the Philippines’ recent trajectory and strong fundamentals, make us incredibly bullish about the road ahead.”
“Southeast Asia remains an engine of growth in Asia and countries like the Philippines have risen as a compelling alternative for global supply chains against recent geopolitical headwinds and disruptions,” said Nithin Chandra, Managing Partner, Southeast Asia at Kearney. “We see enormous potential in the region, and are committed to leveraging our deep local knowledge and extensive regional network to grow together with our clients.”
The issuer is solely responsible for the content of this announcement.
About Kearney
As a global consulting partnership in more than 40 countries, our people make us who we are. We’re individuals who take as much joy from those we work with as the work itself. Driven to be the difference between a big idea and making it happen, we help our clients break through. For more information, visit www.kearney.com.
KUALA LUMPUR, MALAYSIA – Media OutReach – 9 November 2022 – OctaFX launches CFD trading on stocks with an impressive offering of 150 individual stocks of major world companies.
On Monday, 7 November 2022, the global broker OctaFX announced the launch of CFD trading on stocks. These 150 new assets listed on 16 stock exchanges around the world made an impressive contribution to the already existent 80 CFD instruments, including currencies, commodities, stock indices, and cryptocurrencies.
The list of stocks includes some of the most notable names, such as Apple, Tesla, BMW, Airbus, and Amazon, as well as other major companies from the U.S., Japan, Singapore, the U.K., Europe, and Australia. The leverage for the stock CFDs is 1:20. OctaFX will charge no commission for trading or holding leveraged positions overnight. Apart from that, the broker will pay dividends to traders with open stock orders.
‘It is an important move for us as a broker. With growing interest in the stock market and its major opportunities for portfolio diversification, we simply had to add this wide range of instruments to our CFD offering. With the impact stock prices have on the world economy and their strong connection to political and economic events, this also opens up room for broader fundamental analysis and trading decisions—both short and long—based off of it,’ the OctaFX press office commented.
As part of the campaign promoting the launch of stock trading, the broker announced that it would randomly select fifteen traders out of those trading on stocks before 1 December and give them prizes from a pool of 10,000 USD. The winners will be announced on OctaFX’s YouTube channel on 6 December.
Hashtag: #OctaFX
About OctaFX
OctaFX is a global broker providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 150 countries who have opened more than 12 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charity and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities and small to medium enterprises.
On a side note, OctaFX has also won more than 50 awards since its foundation, including the 2021 ‘Best ECN Broker’ award from World Finance and the 2022 ‘Best Global Broker Asia’ award from International Business Magazine.
SYDNEY, AUSTRALIA – Media OutReach – 9 November 2022 – Almost two out of five women in Australia have indicated that they felt marginalised or discriminated against in the workplace because of their gender. This is supported by Australia being ranked the least safe place to work in for women (35%) in the Asia Pacific average, followed by India (25%) and then Taiwan (23%).
Senior Managing Director of Michael Page Australia, Sharmini Wainwright
According to the latest research from Michael Page Australia, the Talent Trends Report 2022 titled “Company Culture” which features sentiment to prominent employee workplace insights, culture needs to be readily adaptable to change. The results in this report draw from a survey with a broad and diverse audience, with responses fromover 17,000 respondents across Asia Pacific.
Senior Managing Director of Michael Page Australia, Sharmini Wainwright says, “This is the time for companies to put their complacency aside and listen to what is really affecting their employees at work. Evidence in our data points towards a crucial time for company culture. With the workforce returning post-pandemic, employers need to acknowledge and act on the cultural transformation which has led to mindset shifts around work, life priorities and mental well-being. Remember that culture needs monitoring and adjusting over time, how business leaders manage this will impact their commercial success as an organisation.”
This shows that Australia has to work on having more of a ‘People-first Company Culture’. Having such a culture is associated with happier employees, higher productivity and reduced turnover.
The report also shows that females in Australia want equal rights at work with a significant 60% of respondents feeling that it is important to place more effort on getting women into leadership positions. The report states that the more employees feel empowered, the more productivity levels go up.
DE&I is seen as a proxy for people, with men, generally perceived by many to be the least directly affected by DE&I policies, placing significant value in this area too. What this potentially indicates is that DE&I is not simply evaluated from the impact it has on previously or currently marginalised groups but has become a benchmark for how committed a company is to their Culture, Purpose, Values and general attitude towards the well-being of their employees. To support this, 33% of research respondents in Australia would stop an job interview process if there was a lack of Diversity, Equity and Inclusion (DE&I) commitment.
In addition to the findings, Australians who identify as part of the LGBTQIA+ community do not feel comfortable being their authentic selves at work. 35% of respondents said they work with colleagues who are homophobic or transphobic, while 2 out of 5 believe they would have more success in their careers if they identified as straight and/or cis gender. 63% of employees in Australia believe that more should be done in their workplace to promote acceptance and equality for LGBTQIA+ people.
Awarded students appealed young people to make contributions to society
HONG KONG SAR – Media OutReach – 9 November 2022 – The result of the first “Ten Outstanding University Students Selection” held by the Hong Kong Ming De Association was released yesterday. Two of the awarded “Outstanding University Students”, Cheng Ka-ho from the HKUST and Leung Wing-kiu from the CUHK shared their experience and appealed to other university students to be kind and keep enriching their knowledge, hence make good use of their abilities to benefit society.
The result of “Ten Outstanding University Students Selection 2022” had been announced.
Dr. Lee Sheung-yan, Chairman of the Hong Kong Ming De Association hoped the award-winning students and all young people would equip themselves for future opportunities, realize their dreams and support volunteer work to make contribution to society.
Dr. Lee Sheung-yan, Chairman of the Hong Kong Ming De Association encouraged young people to make contribution to society by participating in volunteer service.
A student living in a sub-divided flat got an offer from HKUST
Worked hard in English and was admitted by HKUST even in straitened circumstances, Cheng Ka-ho, a third-year student of HKUST, majoring in quantitative social analysis was one of the awarded students. Cheng moved to Hong Kong seven years ago from mainland China. At that time, his family was in straitened circumstances that they lodged under their relatives’ roofs because of the unaffordable rent in Hong Kong. They could only afford to rent a 100 feet sub-divided flat later on. Although his family was under such financial difficulties, Cheng put a lot of effort in studying English and his exam result improved from ranking bottom of the class to an excellent grade that enabled him to be admitted by HKUST. This also made him selected as one of the “Outstanding University Students”.
Cheng Ka-ho received nice results in HKDSE and got an offer from HKUST even he’s living in straitened circumstances.
Cheng shared that his English was not good and could not even pronounce Cantonese properly when he first moved to Hong Kong. Teachers and classmates mocked him and discriminated against him because of his language ability. He indicated that the good result he got in HKDSE was because there was a caring teacher who had assisted with his study. He was so grateful and determined to make good use of his strengths to give back to society.
Applying professional knowledge to help SEN students
Leung Wing-kiu, another third-year student who was awarded “Outstanding University Student” this year, studies at CUHK majoring in Chinese Language Studies and Chinese Language Education. She suffered from eye disease acne rosacea and had to take steroid eye drops sometimes. She also needed to avoid sunlight which could not allow her to participate in outdoor activities.
Cheng Ka-ho(left) from the HKUST and Leung Wing-kiu(right) from the CUHK
Leung said she believed that every student has different educational needs, and some of them have special education needs (SEN). However, Leung observed that many people have misconceptions about SEN students that they labelled and stigmatized them. Therefore, she decided to apply her professional knowledge in education together with her teaching experience, to help the public in Hong Kong to have a better understanding towards SEN students. She held the belief that young people should make good use of their expertise in responding to social needs.
Leung suggested that the public should accompany those in need with caring minds instead of sympathizing with them. She thought that the self-esteem of the SEN students can be enhanced with assistance, and thus they can also inspire other people to unleash their potential and develop their strengths.
Encourage young people to make contribution to society
More than 200 university students applied for the “Ten Outstanding University Students Selection 2022”. The selection of winning students was based on the applicants’ achievements and awards, contribution to public and social services, participation in the selection and performance in the interview. Those who had exceptional performance in all aspects would be selected as the “Ten Outstanding University Students”, and each receives HK$10,000 and a certificate.
Joseph Chan Ho-lim, Under Secretary for Financial Services and the Treasury, Eric Fok Kai-shan, Chairman of Hong Kong Guangdong Youth Association, Carmen K M Choi, Director of Po Leung Kuk and Dr. Lee Sheung-yan, Chairman of the Hong Kong Ming De Association presented the award to the outstanding students-selected. Joseph Chan had given a speech at the awarding ceremony, encouraging the award-winning students to continue to work hard on their studies, strive for the best and contribute to Hong Kong.
“Ten Outstanding University Students Selection 2022” focuses on community service of young people by encouraging tertiary students to actively participate in volunteer work. Chairman of the Hong Kong Ming De Association Dr. Lee Sheung-yan announced that the Selection ended successfully, and the Hong Kong Ming De Association will continue to provide different volunteering opportunities to young people and also organize various seminars and workshops for them. It is hoped that the participants can explore their strengths via the activities and bring positive contributions to society.
Hashtag: #HongKongMingDeAssociation
About Hong Kong Ming De Association
Hong Kong Ming De Association is committed to engaging young people to create a more inclusive society and promote dynamic culture in society. We aim to enrich young people’s life experiences, give opportunities for them to develop their interpersonal network by organizing a variety of volunteer projects for them. Our vision is to engage the public and connect with the community and gather a more powerful driving force to benefit society by the means of assisting young people to develop their potential, achieve their goals and inspire others to follow.
www.kearney.com. 
OctaFX is a global broker providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 150 countries who have opened more than 12 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals. 
https://hkmingde.org/ 
https://instagram.com/hkmingde?igshid=YmMyMTA2M2Y= 
