Strong market demand and business incubation drives connected vehicle security solutions

HONG KONG SAR – Media OutReach – 15 June 2022 – Connected cars provide plenty to entice threat actors, with more than 400 million predicted to be on the roads globally by 2025. Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced VicOne, dedicated security for the electric vehicles and connected cars of today and tomorrow.

This innovation is the latest addition to Trend Micro’s long history of incubating successful business ideas to bring the best security offerings to market.

“At Trend Micro, we are driven by the desire to secure the connected world. As we focus on this mission, it is imperative that we free ourselves to explore the various new business models that fit the new supply chain,” said Eva Chen, CEO, and co-founder of Trend Micro. “With VicOne, we anticipated an urgent OEM need for enhanced automotive cybersecurity. Built with the best of Trend Micro innovation, it will offer tremendous value to the industry.”

Electric vehicles are increasingly exposed to remote digital threats across a range of new attack scenarios. Original Equipment Manufacturers (OEMs) and suppliers must urgently build comprehensive cybersecurity protections into their ecosystem to comply with the new United Nations regulation, WP.29 (UN – R155).

Vehicle security operations centers (SOCs) are a vital step for carmakers looking to comply with regulatory measures by offering enhanced threat detection and response for software-defined vehicles. VicOne’s security operations center integrates Microsoft Azure IoT services to collect telemetrics and other important security information from connected automobiles and uses Azure data services to analyze security threats and breaches.

“Cybersecurity is an integral part of the electric vehicle (EV) ecosystem. Microsoft provides a comprehensive and open platform service with a zero-trust mindset, ” said Soren Lau, General Manager of Asia and EMEA, IoT Partner Solutions at Microsoft. “We look forward to working with Trend Micro and VicOne to enable end-to-end security solutions for telematics and EVs through Microsoft Cloud and AI features within Azure IoT services.”

Gartner® also suggests the automotive industry should “partner with cybersecurity experts who can assess and propose a broad range of countermeasures. Be future-oriented and avoid doing the minimum to mitigate all threats listed by the regulation — doing so will lead you to continually playing catch-up to keep pace with cybercriminals[1].”

As part of these efforts, Trend Micro has formed a strategic partnership with MIH Consortium, an open EV platform alliance led by Foxconn, and has recently joined the Scalable Open Architecture for Embedded Edge (SOAFEE) initiative, which aims to provide a cloud-native architecture for the development of software-defined vehicles. These moves cement Trend Micro’s position at the heart of vehicle supply chains, as industry stakeholders invest more time and resources into cybersecurity compliance.

“The software-defined vehicle is the future of the global automotive industry and a driving force in accelerating the development of innovative automotive technology applications,” said Dipti Vachani, SVP and GM, Automotive and IoT Line of Business, Arm. “By joining other leaders across the automotive industry as a new member of SOAFEE, VicOne is bringing important expertise in security standards to help ensure a safer future for the automotive industry.”

VicOne will offer end-to-end security solutions for the automotive ecosystem, including the enablement of security by design, risk management, as well as threat detection and response. The combined power of a vehicle SOC, security over-the-air, in-vehicle security, penetration testing-as-a-service, and automotive vulnerability management will help analysts see more and respond faster to incidents.

To find out more about VicOne, please visit: https://www.vicone.com/

About VicOne

Designed to support large-scale connected car deployments, VicOne supports the cybersecurity of a vehicle throughout its life cycle. Leveraging over 30 years of cybersecurity experience from Trend Micro and the expertise of more than 10,000 independent researchers through the Zero Day Initiative, VicOne’s cybersecurity solutions will use the latest technologies like machine learning, behavior monitoring, and detection and response to help secure connected cars. https://www.vicone.com/en

About Trend Micro

Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro’s cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.trendmicro.com.hk

#TrendMicro

To support this launch, Criteo aims to hire around 150 engineers, data analysts, and solution architects in Hyderabad City, India by 2024

SINGAPORE – Media OutReach – 15 June 2022 – Criteo S.A. (NASDAQ: CRTO), the commerce media company, has announced plans to launch its first regional Technology Operations and Analytics Center in Hyderabad City in Telangana, India. With the goal of strengthening its support for its clients and partners, the development of this center is part of Criteo’s strategic plans to expand and scale its operational capabilities across the Asia Pacific (APAC) region and beyond. To achieve this, Criteo plans to hire around 150 engineers, data analysts, and solution architects over the next two years.

Hyderabad was selected as the headquarters of Criteo’s regional technology center given the location’s strategic connection to the information technology (IT) industry and its concentration of talent, robust IT infrastructure, and long-term growth potential. This center will support Criteo’s operations in India, Southeast Asia, Australia-Pacific, Greater China, South Korea, and Japan. Its digital advertising services (AdOps) function will also support Criteo globally, including EMEA and Americas.

By expanding its talent pool to scale operations and accelerate co-innovation of AdOps solutions with regional customers and partners, Criteo progresses on its commitment to power the world’s marketers and media owners with trusted and impactful advertising.

“We are thrilled to announce our plans to launch Criteo’s first Technology Operations and Analytics Center in Hyderabad. Over the past few years, Hyderabad has transformed into a global tech hub, with its immense growth potential and vast talent pool. With the development of this center in a strategic location, Criteo remains committed to supporting our regional customers and partners by scaling our operational capabilities and ensuring that they can innovate with leading AdTech solutions created for the fair and open internet,” said Kenneth Pao, Executive Managing Director, APAC at Criteo.

Apart from the development of this center, Criteo has also been ramping up its investments and product expansion in the APAC region – including the expansion of its Retail Media offerings and efforts to help marketers and media owners activate first-party, privacy-safe data through its Commerce Media Platform strategy.

“Looking ahead to the rest of 2022, Criteo will continue to prioritize integration, scale, and with our APAC infrastructure investments, product innovation, and partnerships. Ultimately, strengthening our leading position in commerce media,” said Pao.

About Criteo

Criteo (NASDAQ: CRTO) is the global commerce media company that enables marketers and media owners to drive better commerce outcomes. Its industry leading Commerce Media Platform connects 22,000 marketers and thousands of media owners to deliver richer consumer experiences from product discovery to purchase. By powering trusted and impactful advertising, Criteo supports an open internet that encourages discovery, innovation, and choice. For more information, please visit www.criteo.com.

#Criteo

MOSCOW, RUSSIA – Media OutReach – 15 June 2022 – SIBUR, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry, has expanded its offering of advanced, eco-friendly polymers for use in packaging, pipe production and other industries.

To support manufacturers, SIBUR offers its existing brand range of polymers in addition to developing new brands at its SIBUR PolyLab research and development centre to meet the needs of customers on the domestic and global market.

In May, SIBUR’s Tomsk and Kazan enterprises (Tomskneftekhim and Kazanorgsintez) introduced new polyethylene grades for flexible packaging. These grades are used as an adhesive layer in the lamination of high-quality snack packaging through a process called polyethylene melt lamination – an environmentally friendly and technologically advanced solution that allows multi-layer films to be bonded together without the use of more harmful adhesives.

SIBUR has also expanded its production of polypropylene block copolymer, used in the production of non-pressure systems for storm and domestic sewage systems. In the near future, SIBUR plans to launch production of a more complex grade with a medium elastic modulus at its state-of-the-art facility in Tobolsk (ZapSibNeftekhim). These polymer solutions are highly durable – particularly in aggressive environments – and have a lower carbon footprint compared to traditional materials.

SIBUR’s polymer grade offerings include:

• PP 8300G: Impact copolymer of propylene and ethylene with low melt flow, improved antistatic properties, designed for extrusion and thermoforming applications such as corrugated boards, panels, profiles and crates. Offers high dimensional stability and resistance to deformation.
• PP 8400G: Impact copolymer of propylene and ethylene with low melt flow, designed for the production of containers, consumer packaging, utensils, battery casings and automotive products. Offers strong resistance to cracking and frost.
• PE2NT11-9: High-density polyethylene, designed for the extrusion of various types of pipes and pipe products. Offers excellent UV resistance and high rigidity, which ensures the reliability and long service life of the pipes.
• PE LD40200 FA: Low-density (high-pressure) polyethylene designed for the production of foamed products (thermal insulation, packaging, automotive inner liners, shoe soles), composites, injection moulding and laminating by extrusion. Offers an optimal balance of physical and mechanical properties, while its regular production ensures an uninterrupted supply.
• LA2175: Autoclavable low-density (high-pressure) polyethylene, designed for high-speed lamination of paper, cardboard, and aluminum foil for food and non-food packaging by extrusion. Ensures a high application rate, improved rheological properties and excellent processability.

SIBUR has placed sustainability at the heart of its production process. The Company is continuously improving its environmental management system, which covers all stages of production: R&D, investing in new green technologies, manufacturing ESG products, upgrading production facilities, reducing pollutant emissions and discharges, implementing circular economy projects, and promoting sustainable practices among its partners.

Under its updated ESG strategy, SIBUR’s sustainability goals include recycling at least 50% of all generated waste and making at least one of its facilities carbon-neutral by 2025.

About SIBUR

SIBUR is Russia’s largest integrated petrochemical company and one of the fastest growing global petrochemical players, with approximately 50,000 employees. The Company’s unique vertically integrated business model enables it to deliver highly competitive products used in the consumer goods and automotive industries, as well as construction, energy, chemistry and other industries across 100 countries.

SIBUR helps to reduce CO₂ emissions stemming from the burning of oil and gas extraction by-products by processing them into valuable petrochemical products.

Learn more at: https://www.sibur.ru/en/

#SIBUR

PHOENIX, US – Media OutReach – 15 June 2022 – Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, is working with Fujikura to develop a leading edge 5G FR2 phased array antenna development platform for mmWave frequency bands. This platform enables customers to quickly develop and prototype advanced 5G mmWave systems using AMD-Xilinx’s Zynq^® UltraScale+™ RFSoC Gen3 and Fujikura’s FutureAccess™ Phased Array Antenna Module (PAAM), controlled by Avnet’s proven RFSoC Explorer^® software. This combination of leading-edge components and software will allow customers to quickly prototype with Fujikura’s compact PAAM and AMD-Xilinx’s RFSoC.

“We’re seeing an acceleration of the 5G market as higher bandwidth applications are driving the need for mmWave technology, especially in the industrial and telecom segments,” said Jim Beneke, vice president of Products and Emerging Technologies, Avnet. “Through our work with Fujikura, AMD-Xilinx and Mathworks, we’re bringing together the key building blocks of mmWave radio solutions allowing designers to quickly prototype communications algorithms, reduce engineering time, and get into the 5G market even faster.”

For those seeking to develop and prototype their advanced 5G mmWave systems using AMD-Xilinx’s RFSoC Gen3 and Fujikura’s 5G PAAM, the addition of Avnet’s easy to use RFSoC Explorer MATLAB application (which can be extended to control the entire system from antenna to digital) will enable them to implement and test mmWave beamforming applications quickly without HDL or software coding.

The Fujikura PAAM operates in the 3GPP FR2 frequency bands n257 (28 GHz), n258 (26 GHz), and n261 (27 GHZ) allowing for use in both indoor and outdoor applications. It is a complete PAAM module with a highly integrated 8×8 antenna element, RF ICs, filter, and optimal TCO. This high level of integration enables compact product design and quick time to market. With high-power efficiency and extremely fast beam switching (<200ns), Fujikura PAAM based systems can obtain industry leading performance. Also, with a calibration free architecture and Fujikura’s extreme attention to quality, end customers will have a major advantage in system integration, manufacturing, deployment, and longevity.

“We are committed to the 5G mmWave technologies, which substantially expands 5G value proposition with applications in Fixed Wireless Access (FWA), Mobile Broadband, High Density Indoor Coverage in venues such as stadiums and shopping malls, etc.” said Kenji Nishide, head of Electronic Technologies R&D Center at Fujikura. “We are excited to partner with Avnet, a global leader in technology distribution, and bring Fujikura’s innovative PAAM solutions to a worldwide customer base via this collaboration.”

For more information please visit: https://avnet.me/fujikura-collaborate

About Fujikura

Fujikura has been providing highly reliable products and services in the four business fields of energy, information and communications, electronics, and automotive electrical equipment since its establishment in 1885. Currently, this company is working in the mmWave wireless communication field as its new business. The company is developing 5G mmWave devices for both licensed and unlicensed bands, making full use of its proprietary technologies of phased array antenna design, flexible printed circuit board manufacturing, and electromagnetic field analysis. For more information, visit the Fujikura company website: https://www.fujikura.co.jp/eng/ or the product website: https://mmwavetech.fujikura.jp/5g/.

About Avnet
As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.

#Fujikura #Avnet

Improved Infrastructure Narrows the Price Gap Between Urban Areas and NT

• Q2 residential transactions are expected to increase by 48% q-o-q to reach 14,900 cases, decline in prices has moderated
• Railway infrastructure and transportation continue to be robustly developed, anticipated to enhance and shorten travelling times, and is expected to bring up property prices in the New Territories, with growth potential to outperform urban prices
• We expect the 2H residential market to be driven by new homes, with full year transactions expecting to fall by 20-25% y-o-y, with a market price increase of no more than 3% by year-end

HONG KONG SAR – Media OutReach – 14 June 2022 – Global real estate services firm Cushman & Wakefield announced its Q2 2022 Hong Kong Residential Market Review and Outlook today. With the fifth wave of the pandemic gradually being brought under control, the city’s residential market has been gradually recovering since April, and the number of transactions is expected to reach 14,900 in Q2, an increase of 48% q-o-q, but a drop of 32% y-o-y. The year-to-date prices fell marginally and are expected to further stabilize. Some popular housing estates recorded slight quarterly growth, demonstrating signs of healthy end-user demand. In 2H 2022, the residential market will continue to be driven by primary sales, particularly for buyers looking for upgrading options. We expect property prices will rise by no more than 3% this year. In the long run, infrastructure projects will continue to improve connectivity in Hong Kong, thereby narrowing the price gap between the New Territories and urban areas. This will also accelerate urban renewal and benefit the city’s residential real estates.

Due to the pandemic and geopolitical tensions displayed earlier this year, residential transactions in Q1 were sluggish. However, as local COVID-19 infections began to drop sharply and social distancing measures were gradually eased, primary sales activities resumed with transactions picking up significantly in Q2. The number of sales and purchase agreements in the first two months of Q2 (10,099 deals) had already surpassed the total of 10,056 deals in Q1. Furthermore, the number of transactions in the primary market increased nearly six-fold m-o-m from 258 deals in April to 1,492 deals in May, while the secondary market transactions also performed well and reached 4,700 deals in May.

Keith Chan, Director, Head of Research, Hong Kong, Cushman and Wakefield commented: “During the heights of the fifth pandemic wave, primary sales and projects were delayed due to restrictions. From March to April, primary transactions’ share of the overall market reached just 6-7%, but later rose to 24% in May, reflecting recovery in overall sentiment driven by the rebound of primary sales. It is estimated that circa 4,800 transactions will be recorded in June, contributing to circa 14,900 transactions in Q2, a sharp increase of 48% q-o-q, but still down 32% y-o-y”

Despite the increase in transactions recorded, the overall residential prices are still down year-to-date. However, the discounted unit sales momentum will likely moderate, and therefore, the price decline will gradually slow. As per the latest government data, a price drop of about 2% was recorded from January to April.

Edgar Lai, Senior Director, Valuation and Advisory, Hong Kong, Cushman & Wakefield shared: “Although the overall property prices are still down, some popular housing estates have begun to rebound due to high demand. Relatively speaking, smaller lump sum units such as City One Shatin, rose by 1.1% q-o-q; while Taikoo Shing, representing the mid-price market, was flat; Meanwhile, luxurious residential, such as Residence Bel-Air, edged up by 0.7% q-o-q”

The completion of the MTR’s East Rail Line Cross-Harbour Extension marks its first continuous railway line project connecting New Territories, Kowloon and Hong Kong Island altogether. In addition, the cross-bay link tunnel connecting Tseung Kwan O and Lam Tin is expected to start operating in 2H this year, further connecting the future Route 6 highway to the East and West of Kowloon by 2026. Edgar Lai explained: “As the railway network and infrastructure become more accessible, the travel time is shortened, and the connectivity between the urban areas and the New Territories is further enhanced. It is expected that the price gap between the New Territories areas and the urban areas will be narrowed. For example, the opening of the MTR Tseung Kwan O Line has helped pushed the property prices in Tseung Kwan O noticeably, outperforming the other housing estates along the Kwun Tong line by a 10-20% premium.” At the same time, the pace of urban renewal has also been accelerated, thanks to the development of various infrastructure projects. For example, the URA recently announced large-scale redevelopment plans in the Kowloon City area and To Kwa Wan area.”

Mr Keith Chan concluded: “In the long run, the infrastructure improvements will benefit the local property market, but home buyers will inevitably face many challenges, such as rising interest rates driven by inflation, and the uncertain pace of economic recovery in the near-term. Nevertheless, after a relatively muted market for three consecutive quarters, end-users are expected to become more active, driven by buyers who are looking for their first homes or upgrading. Subsequently, it is expected that the transactions in 2H will be supported by strong primary sales, and will gradually extend to the secondary market. Nevertheless, due to the high base of transaction volume last year, we expect the number of residential transactions to drop by circa 20-25% y-o-y by year-end. The property prices will generally stabilize throughout the year, as we maintain a forecast of no more than a 3% increment in 2022.”

Please click here to download photos.

Photo Caption: (Left) Keith Chan, Director, Head of Research, Hong Kong, Cushman and Wakefield
(Right) Edgar Lai, Senior Director, Valuation and Advisory, Hong Kong, Cushman & Wakefield

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. Across Greater China, 22 offices are servicing the local market. The company won four of the top awards in the Euromoney Survey 2017, 2018 and 2020 in the categories of Overall, Agency Letting/Sales, Valuation and Research in China. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com.hk or follow us on LinkedIn ( https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

#Cushman&Wakefield

VICTORIA, SEYCHELLES – Media OutReach – 14 June 2022 – Bybit, one of the fastest growing crypto exchanges in the world, launched today its first-ever Bear Market Guide, an educative resource to help investors navigate through the volatile times that cryptocurrencies and equity markets are facing, overcoming the turbulence by researching and potentially taking advantage of possibilities to stay ahead of the bear market.

Featuring a contemporary design that draws inspiration from popular culture, the guide shares a pool of resources that can help investors put the bear market situation into perspective. Conceptualized and written by an in-house team of experts and researchers, it analyzes current trends and identifies similarities and differences with previous bear markets to help users determine strategies and opportunities to level up during the current market conditions.

What to Do in a Crypto Bear Market?

Bybit’s Bear Market Guide aims to address questions that traders might have, from tips/tricks for newbies to offering a macro analysis of the bear market and reviewing key takeaways of previous bear market experiences.

As investors ponder their next move, Bybit’s Bear Market Guide shares valuable insights on the importance of trading with more discipline and strategies that can help manage their overall risk and portfolio. It covers the importance of diversifying and finding products that feature safe, predictable yield payments periodically. Cryptocurrencies are still advancing at great speed, despite market downturns, so a solid trading strategy and patience are fundamental during this passage.

Earn While the Market Is Trending Downward

During a bear run in crypto, reliable yield-generating products may allow users to boost long-term portfolio value and help reduce the tendency to fixate on fluctuating prices. To that effect, Bybit’s Bear Market Guide will provide insights to users as to how best leverage the power of yield products to weather the bear market.

Ben Zhou, co-founder and CEO of Bybit said, “As some investors may think that one can only make profits in a bull market while losses await in the bear market, we are unveiling Bybit’s Bear Market Guide to provide a resource that shows investors how to read opportunities and develop proper strategies. The main takeaway of this initiative is to provide tools and ideas to investors so they do not need to fear the bear market.”

For the full version of the Bear Market Guide and its key takeaways, traders can visit the Bybit Learn section on Bybit at the following link: https://d.adx.io/go/hC2uUDjx

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR) and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit: https://www.bybit.com/

For updates, please follow Bybit’s social media platforms on

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

#Bybit

This membership underlines Traveloka’s commitment in realizing sustainable tourism

SINGAPORE – Media OutReach – 14 June 2022 – Traveloka, Southeast Asia’s lifestyle superapp, today announced that it officially joins the Global Sustainable Tourism Council’s (GSTC) global network as a member. This membership is a part of Traveloka’s strategic effort in preserving the environment, which underlines the company’s commitment in realizing sustainable tourism, by participating in and contributing to the efforts to advance sustainability in various sectors of the global travel and tourism industry.

Traveloka started its humble beginnings as a one-stop travel tech solution platform catering to the needs of Indonesians, and has since evolved to be Southeast Asia’s lifestyle superapp, bringing its services to six other markets in the region. This includes transport booking services such as flight tickets, buses, trains, car rental, and airport transfer, as well as access to a large accommodation inventory across the region, not limited to hotels, apartments, guest houses, homestays, resorts and villas, making Traveloka an all-encompassing platform with the widest selection of accommodation and packages.

With a strong local customer base in Southeast Asia, the Traveloka superapp has been downloaded more than 100 million times and boasts more than 40 million monthly active users as of January 2022. As a technology company with a strong presence in the tourism sector, Traveloka realizes the importance in educating stakeholders in the industry, including its partners and users, on the significance of environmental sustainability and social responsibility. One of its most recent initiatives includes lending assistance to the Indonesian government’s plans to develop domestic tourism sustainably by planting 40,000 seedlings along the shoreline of Buleleng Regency, North Bali.

As a member of the GSTC, Traveloka plans to support the GSTC mission to promote sustainable tourism standards in the hospitality sector in Southeast Asia.

“With borders reopened and restrictions eased, tourism will resume its role as a key economic driver after a hiatus for two years. The traveler of 2022 will be much more refined, caring more about sustainability, local communities, people and brands that align with their own personal principles; and it is important that businesses prioritize sustainable tourism with the commitment to preserve nature and utilize natural resources responsibly,” said Alfan Hendro, Chief Operating Officer at Traveloka. “Traveloka will continue to play a strategic role in supporting the environmental agenda anywhere we operate. We believe our partnership with GSTC will enable us to promote sustainable tourism principles and practices effectively across the hospitality industry in southeast Asia and beyond.”

GSTC Welcomes Traveloka

“As travel within Asia is rebounding, both businesses and governments push for greater adoption of the GSTC criteria by hotels and other types of accommodations,” says Roi Ariel, General Manager of GSTC. “We welcome Traveloka to utilize the GSTC framework, which can bring about a positive impact in the region.”

“GSTC is very pleased to welcome Traveloka into our network of businesses and policy-makers striving to make sustainability an integral part of the tourism industry,” says Randy Durband, Chief Executive Officer of GSTC. “We applaud their plans to seek more and better ways to inform travelers of sustainable product options.”

About Traveloka

Traveloka, Southeast Asia’s lifestyle superapp, provides users access to discover and purchase a wide range of travel, local services, and financial services products. Traveloka’s comprehensive product portfolio includes transport booking services such as flight tickets, buses, trains, car rental, airport transfer, as well as access to the largest accommodation inventory in Southeast Asia, including hotels, apartments, guest houses, homestays, resorts, and villas, making Traveloka a booking platform with the widest selection of accommodation and packages.

Traveloka is also a key player in the local services category (currently specific to certain markets), offering reservations for a wide range of local attractions, activities, wellness and beauty clinics, culinary directories as well as food delivery. Traveloka also offers financing, payment, and insurance products to help Southeast Asian consumers fulfill their lifestyle aspirations. Traveloka provides 24/7 customer service in local languages as well as more than 40 different local payment methods. Traveloka lifestyle superapp has been downloaded more than 100 million times, making it the most popular travel and lifestyle booking application in the Southeast Asian region.

#Traveloka

About the GSTC

The Global Sustainable Tourism Council® (GSTC®) establishes and manages global sustainable standards, known as the GSTC Criteria. There are two sets: Destination Criteria for public policy-makers and destination managers, and Industry Criteria for hotels and tour operators. They are arranged in four pillars: (A) Sustainable management; (B) Socioeconomic impacts; (C) Cultural impacts; and (D) Environmental impacts (including consumption of resources, reducing pollution, and conserving biodiversity and landscapes). Since tourism destinations each have their own culture, environment, customs, and laws, the Criteria are designed to be adapted to local conditions and supplemented by additional criteria for the specific location and activity.

The GSTC Criteria form the foundation for GSTC’s assurance role for Certification Bodies that certify hotels/accommodations, tour operators, and destinations as having sustainable policies and practices in place. GSTC does not directly certify any products or services, but provides accreditation to those that do. The GSTC is an independent and neutral USA-registered 501(c)3 non-profit organization that represents a diverse and global membership, including national and provincial governments, leading travel companies, hotels, tour operators, NGOs, individuals and communities – all striving to achieve best practices in sustainable tourism.

Information for media and the press: https://www.gstcouncil.org/about/for-the-press/