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Shenzhen People’s Procuratorate and the Qianhai Authority signed three cooperation agreements and grand opening of the Hong Kong Enterprise Compliance Development Service Centre

By
Laotian Times
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HONG KONG SAR – Media OutReach – 4 August 2022 – On July 29, 2022, People’s Procuratorate of Shenzhen Municipality and the Qianhai Authority organized a ceremony for signing three cooperation agreements and grand opening of the Hong Kong Enterprise Compliance Development Service Centre (the Centre). The ceremony was officiated by Yu Xinxi, Deputy Party Secretary and Deputy Procurator-general of People’s Procuratorate of Shenzhen Municipality and Liang Ke, Deputy Secretary of the Party Working Committee of Shenzhen Qianhai Cooperation Zone.

Shenzhen People's Procuratorate and the Qianhai Authority signed three cooperation agreements

Shenzhen People’s Procuratorate and the Qianhai Authority signed three cooperation agreements” and witness the grand opening of the Hong Kong Enterprise Compliance Development Service Centre

Song Jijiang, Chief Procurator of Shenzhen Qianhai Procuratorate, and Liu Guilin, Deputy Director-General of the Qianhai Authority, signed three cooperation agreements on co-establishing “Hong Kong Enterprise Compliance Development Service Mechanism”, “Marine Ecological Environment and Natural Resource Protection Mechanism” and “Public Interest Litigation Collaboration Mechanism”. The parties will establish the Hong Kong Enterprise Compliance Development Service Centre together and coordinate all matters related to the establishment of the Centre. The position of the Centre is to provide comprehensive and professional platform for compliance research, exchange, construction, consultation, and publicity. The Centre aims to provide all-round and professional services to enhance operation convenience for Hong Kong enterprises in Qianhai.

Secretary Liang Ke said that signing of the three cooperation agreements is an important milestone for the deepening of reform and opening up in Qianhai. Qianhai will work together to strengthen corporate services and make good use of the Centre, which can further help Hong Kong enterprises in risks resistance, crimes prevention, and creation of a market-oriented, rule of law, and international business environment. Focusing on the “Golden Inner Bay”, Qianhai will work together to strengthen ecological protection. The mechanism will enhance the clustering and ecosystem of marine industry in Qianhai and promote the high-quality development of marine economy, and support Shenzhen to become a global maritime city. Focusing on “social welfare”, Qianhai will work together to strengthen innovation in the rule of law, fully support the procuratorial organizations to play the role of “an important force in protecting national interests and social interests”, and promote the comprehensive deepening of reform and opening up.

Secretary Yu Xinxi said that the signing of the three agreements and the grand opening of the Hong Kong Enterprise Compliance Development Service Center is a new era of in-depth cooperation between Shenzhen People’s Procuratorate and the Qianhai Authority. It creates a “Three Ones” win-win cooperation. The first one is to establish “One Cooperative Mechanism” that closely communicate and cooperate, leverage complementary advantages, improve reform efficiency, and create win-win development. The second one is to highlight Shenzhen-Hong Kong cooperation through “One Service Platform”, and continuously optimize procuratorial services to build the Hong Kong Enterprise Compliance Development Service Center into an important window serving Hong Kong enterprises and an important platform for the exchange of law enforcement and judicial theory and practice in Shenzhen and Hong Kong. The third one is to focus on the linkage of the Bay Area, promote the establishment of “One Friends Circle”, actively strengthen communication, deepen practical and theoretical exchanges, and promote the formation of a “Golden Inner Bay” marine ecological environment protection alliance around the Pearl River Estuary.

In the future, Shenzhen People’s Procuratorate will continue to deepen the cooperation with the Qianhai Authority in technological innovation, financial reform, business environment construction, etc.. They will work closely to improve procuratorial services with targeted and effective results, and to ensure high-quality development of Qianhai, and help Qianhai to position as a new plateau for reform and opening up in the new era.

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Hashtag: #ShenzhenQianhaiAuthority

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

Laos-China Railway Admits Poor Management

By
Laotian Times
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Mr. Daochinda Sihalath, Director-General of the Laos-China Railway(right) and Col. Kaysone Keomany, Director-General of the Railway Police Department(left).

The Director-General of the Laos-China Railway made a statement yesterday admitting the railway system’s inefficient management.

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Launch of Arup’s Centre For Climate Action In Cities

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Laotian Times
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To Develop A Truly Sustainable Built Environment

SINGAPORE – Media OutReach – 4 August 2022 – Arup, a global design, engineering and advisory business with sustainable development at its heart, today launched the Centre for Climate Action in Cities (CCAC). Ms Grace Fu, Minister for Sustainability and the Environment, was the Guest-of-Honour for the launch together with Ms Jacqueline Poh, Managing Director of the Singapore Economic Development Board (EDB).

Arup’s goal is to develop a truly sustainable built environment. It works with leading private and government organisations to address challenges related to climate change such as decarbonisation, city resilience, green and circular buildings, coastal resilience, and retrofitting or reuse of existing assets.

Supported by the EDB, the CCAC leverages Arup’s heritage as a design-led consultancy, its end-to-end capabilities from strategy to implementation and network of partnerships, to deliver sustainable, equitable and resilient outcomes in Asia.

Mr Tan Yoong Heng, Arup’s Singapore Country Leader, said: “This decade is a critical window of opportunity to rapidly decarbonise our cities and mitigate the impacts of climate change. Using Singapore as the hub for the region, the CCAC will provide innovative climate solutions for cities and organisations to achieve their sustainable urban development goals.”

Singapore aims to halve emissions from an expected 2030 peak and will raise its climate ambition to achieve net zero emissions by or around mid-century. From its operations in Singapore, Arup will be deepening its energy, waste and circularity, climate adaptation and water capabilities over the next three years. Through the CCAC, Arup will help private and government organisations navigate risks, identify opportunities, strengthen organisational resilience and implement changes responding to the climate emergency.

Mr Chintan Raveshia, Arup’s CCAC Lead, said: “Cities are responsible for more than two-thirds of global emissions and will need to be the focal point of climate action. Population of urban areas in Asia is predicted to increase to 3.5 billion by 2050. We will need to balance urban demands such as providing homes and infrastructure, while ensuring that this growth does not compromise our environment.”

Ms Jacqueline Poh, Managing Director of EDB, said: “As cities accelerate their decarbonisation plans, demand for sustainability solutions will continue to grow. Arup’s Centre for Climate Action in Cities will help to address this need by building Singapore’s capabilities in design, engineering and advisory, helping companies and governments across the region develop more comprehensive sustainability roadmaps. We look forward to partnering Arup to strengthen our suite of offerings in carbon services.”

Bringing together its global resources and leadership in innovation and sustainability, Arup delivers an impressive portfolio including pioneering research and urban transformation projects in Singapore, which can be used as a showcase for other countries in Asia.

Mr Tan added: “By integrating our design, engineering and advisory services, Arup brings an inventive and joined-up approach on any project. This will provide not only a tight focus to niche problems, but we can also pool expertise in new ways to develop highly original, improved responses to complex and multifaceted situations related to the climate emergency. This multidisciplinary suite of services will continue to grow as the Singapore office becomes the gateway to the region.”

Please see Annex for some examples/projects of Arup’s involvement with governments and industries.

Annex

The following are some research and innovation examples/projects of Arup’s involvement and partnership with NGOs, governments and industry.

The Future of Urban Agriculture

Arup has identified and worked on food strategy and master planning since 2019 before supply chain vulnerabilities resulting from the global pandemic had not yet underscored the importance of food resilience. We have developed the first Urban Food Production Masterplan, a framework which we are using to help cities globally create more resilient food strategies and design low-carbon food masterplans. Decarbonising food production – one of biggest emitters of greenhouse gases in the world – while strengthening food supply chain resilience will be a balance that cities must achieve in the coming decade.

The Future of Mobility

The Arup-led study, initiated with the Singapore Government and leading academic research institute partners, is a first-of-its-kind research project in Southeast Asia. Arup used an outcome-led approach that brought people-first design principles to the centre of decisions defining Singapore’s urban future. Arup’s research showcases new planning and design strategies including design ideas for future town configurations, future streets and future mobility hubs.

Circular Building Design Toolkit

Buildings account for 37% of global greenhouse gas emissions, with construction materials losing around 95% of their value during demolition. Arup and the Ellen MacArthur Foundation developed the Circular Building Design Toolkit which brings strategies, case studies and tools for designing more circular buildings to reduce waste and carbon. The Toolkit provides a practical framework and tools to enable stakeholders across the building lifecycle to optimise assets for circularity.

Terrain – Arup’s Artificial Intelligence and Land-use Analysis Tool

Cities face increasing threats from climate change such as heavy rainfall and extreme heat waves. Using Artificial Intelligence and land use analysis tool called Terrain, Arup has developed the Global Sponge Cities Snapshot. The term “Sponge City” was coined in 2013 by Professor Kongjian Yu of Peking University to describe cities that work with nature to absorb rainwater beyond concrete solutions. Using Terrain, Arup calculated the amount of green and blue areas in the urban centres of each city. It then factored in the impact of soil types and vegetation and calculated the rainfall runoff potential. The survey is intended to show cities how they can use digital tools to quickly establish a far better understanding of their natural assets to mitigate climate change effects.

Hashtag: #Arup

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

About Arup

For over 75 years, Arup has been recognised for its vision, talent and tenacity. Dedicated to sustainable development, the firm is a collective of 16,000 designers, advisors and experts working across 140 countries. Founded to be both humane and excellent, Arup collaborates with its clients and partners using imagination, technology and rigour to shape a better world.

Arup’s primary goal is to develop a truly sustainable built environment. This means that in all its work, Arup aims to identify a balance between the needs of a growing world population and the finite capacity and health of our planet. For more information:

Equities First Holdings Partners with Nimsdai Purja MBE, Breaking the New World Records of Mount Everest

By
Laotian Times
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HONG KONG SAR – Media OutReach – 4 August 2022 – Equities First Holdings partnered with Nimsdai Purja MBE, professional mountaineer, in conquering the world’s tallest mountain range in a record-breaking fashion in May 2022. Nimsdai successfully completed his summit attempt and set two new world records in the process: summiting Everest, Lhotse and Kanchenjunga in eight days, 23 hours and 10 minutes without oxygen; and completing the Everest to Lhotse traverse without oxygen in just 26 hours. Such accomplishments realised Equities First Holdings’ aspirations in the partnership: to inspire and fulfil higher human potential through teamwork, knowledge and genuine relationships.

Born and raised in Nepal, Nimsdai discovered his passion in mountaineering in 2012 during his time serving in the UK Special Boat Service (SBS), the most highly regarded elite unit in the British military. He rose to international fame with the Netflix documentary “14 Peaks: Nothing is Impossible”, in which his successful endeavour in summiting 14 of the world’s highest mountains in record-shattering speed was chronicled.

Mr. Al Christy Jr, Equities First Holdings’ Founder and Chief Executive Officer, commented: “Setting two new World Records in under nine days proves what we have always known: Nims is a force of nature. We are delighted Nims has successfully summited Everest as well as Lhotse and Kanchenjunga in record time. As I have mentioned, Nims’ perspective that, with a determined approach and positive mindset, everything in life is possible, aligns precisely with our own business philosophy.” Nimsdai’s ‘always a little higher’ mindset echoes with Equities First Holdings’ equities-based financing vision and business aspirations.

The Equities First Holdings’ financing philosophy

Just as valiant as Nimsdai’s effort in guiding his summiting team to overcome obstacles and reach new heights, Equities First Holdings strives to provide alternative financing solutions to shareholders in need of capital. The Equities First Holdings’ private credit model of financing against equities allows for dynamic asset repositioning, empowering businesses and investors to quickly secure funding for the passing opportunity or looming risk without sacrificing their long-term positions. Through breaking the limitations of traditional financing, Equities First Holdings provides efficient access to progressive capital, thus long-term opportunities. Ultimately, the interests of Equities First Holdings and their partners are aligned through temporary integration of the equity into Equities First Holdings’ portfolio, fostering strong relationships and motivating mutual growth.

Eyes above the waves in turbulent times

Overcoming the quick-changing financial landscape is part of Equities First Holdings’ core business value. From the recurring waves of COVID affecting local economies to international conflicts threatening supply chains, from rising food and energy costs exacerbating inflation to the recent U.S. Federal Reserve interest rate hike triggering a global recession, the current conditions can be daunting to businesses and investors alike. Equities First Holdings is a staunch believer in building relationships with partners in varying situations and creating long-term value through Equities First Holdings’ equities-based financing model. The current market cycle favours liquid holdings, diligent long-term investing decisions and diversification, all of which Equities First Holdings’ funding is an answer for. With non-recourse capital, Equities First Holdings sets partners in a sound financial position to right the ship or capitalise on fleeting opportunities, laying a stronger foundation for the next bull market.


Hashtag: #EquitiesFirstHoldings

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

About Equities First Holdings

Founded in 2002, Equities First Holdings is a global investment firm specialised in long-term equities-based financing. Equities First Holdings’ equities-based financing approach overcomes traditional limitations and redefines the financing experience through providing efficient access to capital for listed companies, entrepreneurs and investors against publicly traded securities. The total value of loans transacted is more than US$4 billion as of May 2022. Equities First Holdings’ investment strategy involves a diverse portfolio across global markets and sectors. The talented investment team generates alpha on each position, Equities First Holdings invests in quality securities based on robust fundamental and technical analysis, risk management, and ongoing trading and portfolio rebalancing activities. Equities First Holdings’ risk management policy forbids short-selling or lending assets to third parties.

Headquartered in Indianapolis, United States, Equities First Holdings’ international footprint reaches twelve offices in eight countries, including the United States, United Kingdom, Spain, China, South Korea, Thailand, Singapore, and Australia. Equities First Holdings is licensed and/or registered in all jurisdictions where required. As both a equities-based financing provider and a value investor, Equities First Holdings is the pioneer of Progressive Capital – a partnership approach to investment, rooted in respect, mutual interest and understanding. Equities First Holdings delivers liquidity solutions that are vital, transformative and move partners forward.

Disclaimer:

China, Hong Kong, Singapore- Equities First Holdings Hong Kong Limited holds a Hong Kong Securities and Futures Commission Type 1 License and licensed in Hong Kong under the Money Lenders Ordinance (Money Lender’s Licence No. 2199/2021). EquitiesFirst (“EquitiesFirst” refers to Equities First Holdings LLC, and all subsidiaries of such company in all countries where they are engaged in business activities of any nature). This document is prepared by EquitiesFirst. It is not intended as an offer to sell securities or a solicitation to buy any product managed or provided by Equities First. It aims to provide general information on the EFH loan facility which is not authorized for retail use in Hong Kong and is only available for Professional Investors. This document is not directed to individuals or organizations for whom such offers or invitations would be unlawful or prohibited. Past performance is not a guarantee or a reliable indicator of future results. All investments contain risk and may lose value. The information contained herein may be incomplete or incomprehensive. Accordingly, the information is qualified in its entirety by the terms applicable to the facility as set out in its constitutive documents (Loan Documents) and should be read together with such Loan Documents.

This document has been prepared without consideration of the investment objectives, financial situation, or particular needs of any individual investor. You should consider your own investment objectives, financial situation, and particular needs before taking any action with respect to a financial product referred to in this presentation. In preparing this document, EFH is assuming your organization is capable of evaluating the merits and risks of any financial transaction described herein and its suitability for your organization’s purposes and its legal, taxation, accounting, and financial implications and that in making this evaluation you are not reliant on any recommendation or statements made by EFH. Before entering into any transaction EFH strongly encourages you to independently assess these things and fully understand the transaction in its entirety. EFH does not act as an adviser in any capacity and strongly recommends all borrowers seek independent advisement when assessing the transaction and its suitability. To the extent it is permitted by applicable law, Equities First, its affiliates, and any officer or employee of Equities First or its affiliates do not accept any liability whatsoever for any direct or consequential loss arising from the use of this presentation or its contents, including for negligence. Trading in equities, futures, options, commodities, currencies, or derivatives can have risks and is not appropriate for all persons. Under some market conditions, it may be impossible to liquidate a position. Copyright protections exist in this presentation. The contents of this presentation are strictly confidential and may not be disclosed, reproduced, distributed, or published by any person for any purpose without the expressed written consent of EFH, LLC. EFH makes no guarantee, representation, or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Equities First only and are subject to changes without notice. Further information is available upon request.

Korea- The foregoing is intended solely for sophisticated investors, professional investors or otherwise qualified investors who have sufficient knowledge and experience in entering into securities financing transactions such as securities repo or securities loan transaction. It is not intended for, and should not be used by, persons who do not meet that criteria. Information provided herein is for information purposes only and does not constitute an offer to sell (or solicitation of an offer to purchase) the securities or investments referenced herein (“Offer“). Any such Offer shall only be made through a relevant offering or other documentation which sets forth its material terms and conditions. The foregoing does not provide or purport to provide investment advice, nor does it provide or purport to provide any legal or financial advisory or other professional advice or services which are regulated in jurisdiction in which EquitiesFirst (Equities First Holdings, LLC and its subsidiaries) operates, does business, resides, including, Republic of Korea or that may otherwise have regulatory authority over EquitiesFirst. The foregoing has been prepared by EquitiesFirst based on or derived from sources EquitiesFirst reasonably believes to be reliable. However, EquitiesFirst has not independently examined or verified the information provided herein and no representation is made that it is accurate or complete. Opinions and information herein are subject to change without notice.

Thailand- EquitiesFirst (“EquitiesFirst” refers to Equities First Holdings LLC, and all subsidiaries of such company in all countries where they are engaged in business activities of any nature). The foregoing is intended solely for certain, or certain class of, recipient who is qualified to independently consider and act on the information provided herein pursuant to laws and regulations applicable to such recipient. As such, the information provided herein is for information purposes only and does not constitute an offer to sell (or solicitation of an offer to purchase) the securities or investments referenced herein, to participate in any particular trading strategy, or to provide any particular advisory services (“Offer”), in any jurisdiction in which such Offer would be illegal. Any Offer shall only be made through the relevant offering or other documentation which sets forth its material terms and conditions pursuant to applicable laws and regulations. The foregoing and any non-public information contained therein are confidential and have been provided solely for the benefit of the intended recipient and for the limited purpose of the potential transaction that the intended recipient has already discussed with the Company. Except with the Company’s prior written consent, such confidential information may not be shared with any party other than with professional advisors and affiliates of the intended recipient, in which case the information may be shared for such limited purpose and on a need-to-know basis. If you are not the intended recipient of the foregoing, any disclosure, copying, distribution or use of its content is strictly prohibited. The foregoing does not provide or purport to provide investment advice and has been prepared by the Company based on or derived from sources the Company reasonably believes to be reliable. The Company has not independently examined or verified the information provided herein and no representation is made that it is accurate or complete. Before acting on any information, the recipient is thus encouraged to seek independent financial and/or legal advice. Opinions and information herein are subject to change without notice.

Hong Kong Life’s Wealth Up Savings Insurance Plan Combines Life Protection and Potential Wealth Appreciation with Premium Discount and up to 4.24% p.a. Projected Total Return Rate upon Policy Maturity

By
Laotian Times
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HONG KONG SAR – Media OutReach – 4 August 2022 – In the face of an ever-changing economic environment, being well-prepared can help you stay ahead of the opportunities to achieve your goals. A savings plan with steady returns allows you to fuel your wealth with ease and empower more possibilities for yourself and your loved ones. Hong Kong Life announces the launch of Wealth Up Savings Insurance Plan. With just a 2-year premium payment, customers can enjoy 20 years of savings and life protection with benefit from potential returns. The Plan offers premium prepayment arrangement, flexible death settlement options and simple application procedure with no medical examination required which lets customers reach financial goals of medium-to-long term at ease.

Ms. Micky Cho, Chief Marketing Officer of Hong Kong Life, said, “Financial goals evolve throughout different stages of life, which drives the market demand for wealth management solutions. In times of the economic uncertainty, the public looks for stability and long-term growth for their assets when thinking about wealth management. Hong Kong Life has specially launched the Wealth Up Savings Insurance Plan which provides opportunities for medium-to-long term return to address customers’ needs in wealth accumulation and comprehensive protection, so as to build a prosperous future for customers and their loved ones.”

Limited Time Offer: Enjoy Premium Discount and up to 4.24% p.a. Projected Total Return Rate upon Policy Maturity1

From now until 30 September 2022, customers may enjoy up to 6% first year premium discount upon successful application of Wealth Up Savings Insurance Plan with fulfilment of the first year premium requirement and the policy being successfully issued. Customers can also enjoy up to 4% Premium Prepayment Discount in the second policy year by prepaying the second year premium in full at the time of application. The projected total return rate can reach up to 4.24% p.a. upon Policy Maturity1.

Key Features of Wealth Up Savings Insurance Plan:

  • Short Premium Payment Term2 with 20-Year Life Protection

The Premium Payment Term2 of the Plan is 2 years2 only with 20 years life protection for the Life Insured.

  • Premium Prepayment Arrangement3 to Build Your Wealth with Ease

You can prepay the premium for the second year at the time of application and enjoy the premium prepayment discount on the second year premium3, so that you can build your wealth with ease.

  • Additional Return to Build Your Wealth

The Plan not only provides Guaranteed Cash Value, Terminal Dividend (non-guaranteed)4 may also be payable on or after the end of 5th Policy Year when the Policy is fully surrendered by the Policyowner, upon the death of the Life Insured or upon Policy Maturity, whichever is earlier.

When the Policy is partially surrendered by the Policyowner, Terminal Dividend (non-guaranteed)4 may be payable on or after the end of 5th Policy Year. The payable amount is equal to the Terminal Dividend (non-guaranteed)4 attributable to the reduced portion of Principal Amount5. Terminal Dividend (non-guaranteed)4 will not accumulate in the Policy.

  • Life Protection for Peace of Mind

When the Life Insured dies, the Total Death Benefit will be paid to the Beneficiary as below:

Policy Year Total Death Benefit
1 – 5 101% of Total Premiums Paid6 less Indebtedness (if any).
6 – 20 Applicable to the Life Insured

with issue age 70 or below:

105% of Total Premiums Paid6

OR

100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater)

Applicable to the Life Insured

with issue age above 70:

101% of Total Premiums Paid6

OR

100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater)

plus Terminal Dividend (non-guaranteed)4(if any),
less Indebtedness (if any).

  • Flexible Death Settlement Options7

The Plan provides flexible Death Benefit Settlement Options7. Instead of receiving the Death Benefit in a lump sum payment, Policyowner can designate other settlement options including Installment Payments (Fixed Amount) or Installment Payments (Fixed Period) while the Plan is in force and the Life Insured is alive to settle the Death Benefit to the Beneficiary.

  • Fixed Premium for Your Better Planning

The premium will remain unchanged throughout the Premium Payment Term2, allowing you to have a better plan for your future.

  • Simple Application

Application procedure is simple and no medical examination is required.

Learn more about the Wealth Up Savings Insurance Plan:
https://www.hklife.com.hk/en/products/personal-insurance/savings-plan/wealth-up-savings-insurance-plan/index.html

Terms and Conditions apply. For enquiries, please contact our Customer Service Hotline at 2290 2882 or visit Hong Kong Life website www.hklife.com.hk.

Note：

  1. For USD Policy, the projected total return rate is 4.24% p.a. (non-guaranteed) upon Policy Maturity, if no Policy Loan, no partial surrender, no withdrawal of Policy Value and all premiums have been paid when due during the benefit term, with the 6% discount on the first year premium of USD375,000 or above and the 4% discount on the second year premium prepayment which is paid in full at the time of application. Client incentive is subject to the terms and conditions of “Fortune Evergrow 2022” Client Promotion Incentive – Wealth Up Savings Insurance Plan. For details of client promotion incentive, please refer to : https://www.hklife.com.hk/en/promotions/index-id-34.html
  2. The Policy will be terminated if the Policyowner cannot settle the premium payment before the end of the Grace Period during the Premium Payment Term, subject to the Non-forfeiture Option and other relevant provisions of the Policy. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life. If the Policy is terminated before the Policy Maturity, the Total Surrender Value (if applicable) received by the Policyowner may be less than the Total Premiums Paid.
  3. When paying the first year premium, the second year annual premium may be deposited in advance into the Premium Deposit Account at the same time in order to be eligible for 3% (applicable to HKD Policy) or 4% (applicable to USD Policy) discount on the second year premium. If the premium is pre-paid in HKD for USD Policy, the pre-paid amount will be converted to USD based on the exchange rate as at the date of prepayment and deposited into the Premium Deposit Account for paying the second year premium. The amount in the Premium Deposit Account will be debited automatically to pay the premium on the premium due date of the 2nd Policy Year. No interest will be credited and no partial or full withdrawal is allowed for the amount in the Premium Deposit Account.
  4. Terminal Dividend is not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount payable may be higher or lower than those illustrated in the Insurance Proposal. Hong Kong Life reserves the right to change them from time to time.
  5. Principal Amount is used to calculate Initial Premium, any subsequent premium, benefits and policy values (if any) of the respective Basic Plan and any Supplementary Benefit. Any subsequent change of the Principal Amount will result in corresponding change in premium, benefits and policy values (if any) of the respective Basic Plan and any Supplementary Benefit. The Principal Amount does not represent the amount of death benefit of the respective Basic Plan and any Supplementary Benefit.
  6. Total Premiums Paid means the total amount of due and payable premiums from the Policy Date up to the date of termination of the Plan, paid to the Plan and received by Hong Kong Life. Any payment in excess of such amount of due and payable premiums will not be included in the Total Premiums Paid. In case of Partial Surrender, the Total Premiums Paid under the Policy shall be adjusted and reduced proportionally as specified in the Partial Surrender provisions. The Total Premiums Paid does not include the amount in the Premium Deposit Account. In the event of the death of Life Insured, the amount in the Premium Deposit Account (if any) will be paid to the Beneficiary. If Policyowner requests to surrender, the amount in the Premium Deposit Account (if any) will be returned to the Policyowner.
  7. Death Benefit Settlement Options are only applicable in the event of the death of the Life Insured after the Premium Payment Term and all premiums due have been paid, and subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life.

Hashtag: #HongKongLife

About Hong Kong Life

Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Wing Hang Bank Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving people in Hong Kong for more than 50 years in average. Through our extensive network of around 150 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Wing Hang and Shanghai Commercial Bank, we provide a comprehensive range of insurance services.

M1 Singapore Redefines Communication within Families with New Bespoke Family Sharing Mobile Data Plan

By
Laotian Times
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M1 makes great strides with its constant delivery of top-notch services that elevate the network experiences of its customers in Singapore. Given the rise in digital literacy and the ever-growing convenience of keeping in contact with the family, M1 has expanded its Mobile Phone Plan offerings. The latest addition, a contract-free SIM-only Bespoke M1 Family Plan, promises families greater savings and more data with every additional line. Customers can now add the new Family Line to their existing Bespoke plan with easy sign-up online.

SINGAPORE – Media OutReach – 4 August 2022 – From families with kids and the elderly to customers with multiple mobile devices, M1’s newly launched Bespoke Family Plan redefines the telco experience of those living under the same roof. Addressing issues related to the increasing costs of mainstream mobile data plans, this service boasts incremental discounts for every line signed with M1. Offering data sharing and pooling capabilities, customers can mitigate concerns revolving around data wastage before the end of the billing cycle. Guaranteeing prices lower than M1’s proprietary Bespoke SIM-only plan, M1 Limited reaffirms its ability to revolutionise Singapore’s telecommunications industry with competitively priced mobile plans with no strings attached.

Caption

Blending Convenience and Reliability for All at Home

M1’s Bespoke Family mobile data plan is designed to reduce financial commitments associated with new mobile plan subscriptions while meeting modern-day demands. With the benefits of owning a secondary phone becoming more apparent, this offering provides a fuss-free way for conscientious parents to get a new phone for their children, keep work contacts separate, or easily settle mobile bills.

When customers share their existing Bespoke mobile plan, users can pool and split their data, talktime, and SMS allowances without hassle. Supporting the registration of up to 10 mobile numbers, each port-in to the Bespoke Family Line unlocks incremental discounts. With additional lines starting from as low as $9.95/mth, customers get extra 40GB of data, 100-minute talktime, and 100 free SMS added to the existing bundle. As more Bespoke Family Lines are shared, mobile data can go up to 400GB, while subscription cost for all lines will be further discounted.

It’s All About Family with M1

With the launch of the Bespoke Family Plan, M1 allows customers to maximise the usage of their data bundles while enjoying ultimate savings and the freedom to add or remove family lines anytime with no admin fees or termination costs. Skip the typical SIM-only plans available in the market and give your family the optimal mobile experience, available online today.

Hashtag: #M1Singapore

About M1

M1, a subsidiary of Keppel Corporation, is Singapore’s first digital network operator, providing a suite of communications services, including mobile, fixed line and fibre offerings, to over two million customers.

Since the launch of its commercial services in 1997, M1 has achieved many firsts – becoming one of the first operators to be awarded one of Singapore’s two nationwide 5G standalone network license, first operator to offer nationwide 4G service, as well as ultra high-speed fixed broadband, fixed voice and other services on the Next Generation Nationwide Broadband Network (NGNBN).

M1’s mission is to drive transformation and evolution in Singapore’s telecommunications landscape through cutting-edge technology and made-to-measure offerings. For more information, visit .

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Dr. Jeanne Ng appointed Chief Sustainability Officer for ESG fintech leader, BlueOnion

By
Laotian Times
-
HONG KONG SAR – Media OutReach – 4 August 2022 – BlueOnion, a leading global ESG modeling and analytics platform, is pleased to announce the appointment of Dr. Jeanne Ng as Chief Sustainability Officer with immediate effect.

Dr. Jeanne Ng, Chief Sustainability Officer

Dr. Jeanne Ng, Chief Sustainability Officer

Dr. Ng has more than 30 years of experience in the environmental consulting and corporate sustainability fields and is one of Hong Kong’s leading experts in air and greenhouse gas emissions inventories. She was instrumental in setting up the Hong Kong SAR Government’s first Greenhouse Gas Emissions Inventory and was the author of its first version of the Greenhouse Gas Emissions Inventory Manual.

“With the increasing uptake of ESG in the finance industry and the commensurate concerns over potential greenwashing, we must encourage and support investors to genuinely contribute to sustainability. I am excited to be joining BlueOnion as Chief Sustainability Officer, to have this great opportunity to inform and support investors on their sustainability journey in today’s fast-changing world,” Dr. Ng said.

“We are thrilled to be welcoming Dr. Ng to the BlueOnion family to strengthen the proprietary research and data modeling that helps players of the financial ecosystem gain better clarity in their ESG performance and enhance stewardship practices against greenwashing behavior,” says Elsa Pau, Group CEO of BlueOnion.

Hashtag: #BlueOnion #ESG #finance #analytics #platform #fintech #sustainability #development #investors #funds #portfolios #managers #UN #ESCAP #ESBN

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

About BlueOnion

BlueOnion is a purpose-driven organization and is a leading B2B2C ESG modeling and analytics platform with AI-driven visualizations and analytics for both buy-side and sell-side investors. It addresses the entire financial ecosystem’s ESG and sustainability behavior and performance and helps asset owners and managers make ethical and responsibly intelligent decisions. BlueOnion has a board of directors who are prominent veterans in the finance and sustainability field and are enthusiasts to drive responsible investing.

Links
LinkedIn-
Website –

About Dr. Jeanne Ng

Dr. Ng holds a BSc in Toxicology from the University of Toronto and a Ph.D. in Environmental Management from the University of Hong Kong and has 30 years of experience in the environmental and sustainability fields.

With almost a decade of consulting experience in Hong Kong’s environmental industry, she was regarded in the 90s as one of Hong Kong’s foremost experts in air and greenhouse gas emissions inventories and developed Hong Kong’s first greenhouse gas inventory manual for the HKSAR Government. She joined CLP in 2003 and was involved in starting up its Group Environmental Affairs, Group Sustainability, and more recently the CLP Research Institute functions. She established the data management system and governance processes necessary for the delivery of CLP’s award-winning Sustainability Report and was a key contributor to setting up CLP Group’s first renewable energy targets and Climate Vision 2050 carbon reduction targets.

Dr. Ng is also the Founding Chair of the Hong Kong Institute of Qualified Environmental Professionals (HKIQEP), which was formed to support the creation and development of the environmental professional industry in Hong Kong and beyond. She has been involved with many international engagements and is currently a Board member of the Global Electronics Council (GEC) and a member of the Prince’s Accounting for Sustainability Project (A4S) Expert Panel. She was previously a Board member of the International Integrated Reporting Council (IIRC), as well as a member of the Advisory Council of the Sustainability Accounting Standards Board (SASB) and the Stakeholder Council of the Global Reporting Initiative (GRI).

Katrina Group’s ST Residences unveils new accommodation options at Balestier

By
Laotian Times
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SINGAPORE – Media OutReach – 4 August 2022 – ST Residences, a hospitality brand of Katrina Group Ltd., today unveiled its latest fully serviced condominium rental units in Singapore to meet the growing need for long- and short-term accommodations as borders open up and international travel resumes.

ST Residences Balestier is located at 12 Kim Keat Rd. The property consists of 20 units ranging from executive and studio serviced units to 1-bedders. With this addition, guests seeking short-term or long-term stay, digital nomads and individuals travelling for leisure, business or school, will have more options.

Conveniently nestled between Novena and Whampoa, ST Residences Balestier is only a 15-20 minute drive to the Central Business District and town. The accessibility to major expressways makes getting around Singapore a breeze. ST Residences Balestier is also situated near Health City Novena, which includes Tan Tock Seng Hospital, Mount Elizabeth Novena, Thomson Medical Centre, and Novena Specialist Center, making the property an ideal location for health professionals and medical tourists. Foodies and history lovers will also be inspired by the variety of delectable food establishments and heritage sites and trails in the vicinity.

Similar to its other offerings, all of ST Residences’ 3-room types at Balestier will be fully furnished and equipped to offer guests a comfortable and convenient stay. Each unit comes with a cosy living area, open-concept kitchenette, comfortable queen-size bed, wardrobe, and an ensuite bathroom. Other essentials include a refrigerator, washing machine, induction stove, microwave, electric kettle, smart TV, kitchen & tableware, Wi-Fi and weekly housekeeping. A minimum stay of 3 months applies. Guests will also have complimentary access to ST Residences Novena’s swimming pool and indoor gym, located only approximately 12 minutes away.

Fully serviced condo rental units and serviced apartments are the perfect alternative accommodation to hotels. At ST Residences, guests can enjoy a stress-free, smooth, affordable and comfortable stay given the variety of amenities and services available. ST Residences’ properties are mostly located in convenient locations surrounded by a plethora of lifestyle commodities and services, from food to groceries, shopping and transportation. This quintessentially value-adds to the overall experience, boosting the perfect blend of privacy and local living. Besides Balestier, ST Residences also has properties in various parts of Singapore, such as Orchard Road, Tanjong Pagar, Beach Road, Woodleigh, Clementi, Jurong and more.

For more information, please visit https://balestier.stresidences.com/ and/or https://stresidences.com/.

Direct online booking is available at https://hotels.cloudbeds.com/reservation/4vSmcF
For booking enquiries, please email enquiry@stresidences.com or enquiry.balestier@straitsorg.com or contact +65 9698 5918.

For high-res images, please download from this link:
https://1drv.ms/u/s!At7NbRq4lSFZoNVs5TCm5mEtpWiPGQ?e=ONtsTO

This press release has been reviewed by the Company’s Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

Hashtag: #STResidences

About ST Residences

Established in January 2018, ST Residences is a hospitality brand that styles chic fully furnished apartments without the serviced apartment mark-up, providing a one-stop solution to furnished apartments islandwide. ST Residences is committed to providing affordable, accessible and comfortable options for those seeking serviced apartments and fully serviced condo rental units in Singapore, whether for short-term stays or long-term residence. Our apartments cater to different needs, ranging from individuals, digital nomads, business travellers to expatriates and corporations. We provide quality accommodation with contract flexibility and competitive rates so the stay can be as fuss-free as possible.

About ST Hospitality

Established in December 2017, ST Hospitality Pte. Ltd. (“STH”), previously known as Straits Organization Pte. Ltd., is a wholly owned subsidiary of Catalist-listed Katrina Group Ltd.. Together with its subsidiary, STH Group runs ST Residences and ST Signature and has served more than 60,000 guests to date. Guests can choose from a variety of serviced apartments, fully serviced condominium rental units and/or 4 ST Signature co-living hotels in Singapore for an enjoyable short-term or long-term stay.

About Katrina Group

Katrina Group Ltd. (the “Company”) owns and operates seven food and beverage brands in Singapore and Indonesia. These comprise casual dining brands – Bali Thai, Streats, Honguo and So Pho – as well as midrange dining brands – Hutong, Tomo Izakaya and RENNthai. The Company also runs a hospitality business in Singapore, offering fully furnished serviced apartments and fully serviced condo rental units under the ST Residences brand, as well as affordable luxury co-living hotels under the ST Signature brand. The Company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, visit katrinagroup.com.

Investor Contact
Frankie Ho
M: (65) 9858 7990
Email:

This press release has been reviewed by the Company’s Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms Vera Leong, Vice President, Hong Leong Finance Limited, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, telephone (+65) 6415 9881.

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