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Kenanga Investment Bank Named Malaysia’s Best Securities House 2022

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Laotian Times
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KUALA LUMPUR, MALAYSIA – Media OutReach – 21 July 2022 – Kenanga Investment Bank Berhad (“Kenanga”) the country’s leading independent investment bank has been named Best Securities House Malaysia 2022 at the Asiamoney 2022 Best Securities Houses Awards.

Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad

Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad

The prestigious award recognises the exceptional record performance of Kenanga Investment Bank in 2021, and is a nod towards the strength of the Group’s diverse revenue stream and fast-growing client base.

“It is an honour to receive this accolade. As a home-grown brand with almost 50 years of history in the country, we have grown from to strength to strength, from a humble stockbroking house, to the full-fledge investment bank that we are today. At the core of our continued progress, is the resilience, innovation and dedication of our teams, as well as the trust and support from over half a million Malaysian investors and traders who are our clients,” commented Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad.

“Looking forward, we remain focused on reinforcing our business fundamentals and strengthening our digital offerings and infrastructure to ensure we continue to bring the best of financial solutions to our clients,” Datuk Chay added.

“Despite the current uncertainties of the global and domestic markets, our vast experience navigating different market cycles and conditions over the years, will put us in good stead,” said Datuk Chay.

The Group remains the largest and fastest growing retail stockbroker with a market share of over 25% as at 31 March 2022, up 3.0% from the previous corresponding quarter.

The Group’s joint-venture with Rakuten Trade, a fully online stockbroking platform has received over 245,000 trading accounts under its belt since the partnership began and customers can look forward to more exciting new-value added products and features on the platform that will set the stage for more seamless and optimal customer journey and experience.

In February 2022, the Group launched Kenanga Digital Investing (KDI), a fully A.I. driven digital investment platform designed to simplify how Malaysians save and invest. This newly launched product has crossed RM200 million in asset under management (AUM).

The Asiamoney 2022 Best Securities Houses Awards examined domestic securities houses of 12 markets in Asia, and winners were determined through information from daily coverage of the region, proprietary polls and awards data, league tables as well as interviews, and third-party sources.

Hashtag: #Kenanga

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

About Kenanga Investment Bank Berhad (197301002193 (15678-H))

Established for more than 45 years, Kenanga Investment Bank Berhad (the Group) is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing with strong foundations in regulatory compliance and risk management.

An innovative and established home-grown brand, the Group’s digital ambition includes building a robust digital ecosystem that meets the needs of its clients and businesses. Some of its game-changing products includes Malaysia’s fully online digital stockbroking platform Rakuten Trade and a fully A.I. robo-advisor, Kenanga Digital Investing. The Group also launched Malaysia’s first securities broking e-wallet, Kenanga Money, paved the way in AI-led Quan and algorithmic trading, kick-started a revolutionary supply chain financing solution for SMEs and made inroads into the digital assets space through its investment in Tokenize Technology (M) Sdn.Bhd.

The Group has garnered a host of awards and accolades reflecting its strong market position. It was awarded under the categories of Highest Returns to Shareholder Over Three Years, Best Overall Equities Participating Organisation by Bursa Malaysia, Best Overall Derivatives Trading Participant, Best Structured Warrant Issuer, Best Retail Equities Participating Organisation, Best Institutional Equities Participating Organisation Investment Bank; along with Best Trading Participant and Best Institutional Equities Participating Organisation and for Equity and Financial Derivatives for 18 consecutive years. The Group was also accorded the title of Best Institutional Derivatives Trading category by Bursa Malaysia.

The Group continues to be a regular and repeat recipient of distinguished industry accolades, such as the Lipper, Fundsupermart and Morningstar awards. Rakuten Trade, Malaysia’s first fully digital securities broker in 2017 via a joint venture with Japanese fintech giant Rakuten Securities Inc was also named Malaysia’s fintech company of the year in 2018 by the Malaysian Communications and Multimedia Commission (MCMC). For its continued efforts towards community outreach and employee volunteerism, the Group was awarded the coveted Company of the Year award for environmental and sustainability at Sustainability & CSR Malaysia Awards 2021. The Group is also a Participant of the United Nations Global Compact and adheres to its principle-based approach to responsible business.

Today, Kenanga Investment Bank Berhad is an award-winning leading independent investment bank in the country with a continuous commitment towards driving collaboration, innovation, digitalisation and sustainability in the marketplace.

Floods and Landslides Devastate Xayaboury’s Saysathan District

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Laotian Times
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Floods and Landsides damaged houses in Xayaboury.

Floods and landslides due to recent heavy rains have damaged agricultural land and destroyed crops in Saysathan District, Xayaboury Province.

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CUHK Business School Research Reveals the Genetic Makeup of a Leader

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Laotian Times
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HONG KONG SAR – Media OutReach – 21 July 2022 – Is there such a thing as a natural-born leader? A new study sheds light on the genetic influences on leadership and found a surprising connection with bipolar disorder and alcohol consumption.

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Individuals in leadership positions are more likely to have certain genes — and not all of them are good. An increased tendency to drink alcohol — which has been shown to cause cancer — and an increased risk of bipolar disorder are among the negative health indicators associated with leaders, according to findings from a new study.

Identifying these specific genes helps us understand how our biology influences occupational health and well-being, and specifically, how that plays out among people in leadership positions.

“Our findings provide insights into the heredity of leadership positions and also the shared genetic underpinnings between the leadership position itself and one’s general health,” says Li Wendong, Associate Professor at Department of Management at The Chinese University of Hong Kong (CUHK) Business School, and a co-author of the study.

“Our research continues the biological story of leadership. Since the late 1980s, studies using twins have shown that differences in people’s genetic make-up account for 30 percent of differences in whether they hold leadership roles. Now we have gone a step further in and conducted genomic studies using a vast database to identify genes related to leadership,” adds Prof Li, who notes that the study has implications for leaders and prospective leaders in managing their health and well-being for their long-term career development.

“A significant reason why our findings matter is that leaders’ well-being affects their behaviours, which may influence the performance and well-being of their subordinates, teams, and organisations. The implications arising from a leader’s health can be vast,” he says.

Diving Deeper Beyond Twin Studies

The research team, which were led by of Prof. Li, Prof. Song Zhaoli at the National University of Singapore and Prof. Fan Qiao at Duke-NUS Medical School, conducted the study using data from the U.K. Biobank, the largest public genetic and health database in the world. Researchers extracted genetic and occupational information of over 240,000 individuals of European ancestry. They also tapped on the U.K. Standard Occupation Classification and U.S. Occupational Information Network for information related to leadership roles and managing demands.

Leadership has been an important and classic topic in genetic research since the early 19th century, when modern human genetics was first formed as a scientific field.

Modern genetics research on leadership appeared much later using the classic twin approach. Twin studies are studies conducted on identical or fraternal twins. They aim to reveal the relative importance of environmental and genetic influences. Twin research is considered a key tool in behavioural genetics and in content fields, from biology to psychology.

The new study, titled Genetics, leadership position, and well-being: An Investigation with a large-scale GWAS, furthered previous areas of inquiry by providing results from a whole-genome exploration of leadership. It unraveled genetic correlations between leadership and known measures of well-being and health. The study also considered other socioeconomic measures such as income and education so that what was revealed was a truer picture of leaders’ genetic profiles.

Watch Out at the Top

The study brought to light possible unique genetic associations between well-being and leadership. It found that genetic influences associated with leadership position may be detrimental to well-being. This is in contrast to previous research that showed a positive correlation between leadership and general health and well-being indicators and revealed a fundamental reason why holding a leadership position is not always beneficial to one’s health and well-being.

After adjusting for the effects of income and education, holding leadership positions was genetically linked to a higher Body Mass Index, an increased risk for cardiovascular disease, and further reduced longevity.

“The high psychological demands embedded in holding leadership positions — chronic stressors — might play a role because they stimulate psycho-biological stress responses, including changes in fat metabolism and cardiovascular function, which are detrimental to health in the long run.” says Prof. Li.

In other words, leaders may be genetically pre-disposed to develop the above stress-induced diseases and conditions, but the stress involved in being a leader can trigger or exacerbate such an impact.

One of the most relevant and surprising genetic markers this study found to be associated with leadership is the genetic variant linked to an increased risk of bipolar disorder and schizophrenia.

“While those with bipolar disorder or schizophrenia may have some advantages to become leaders, we are the first to find genetic variants linked to both leadership and bipolar disorder and schizophrenia,” says Prof. Li.

Bipolar disorder, formerly called manic depression, is a mental health condition that can cause mood swings of various severity, ranging from emotional highs (mania or hypomania) and lows (depression). While most people diagnosed with bipolar disorder will experience some emotional symptoms between episodes, some may not experience any.

Prior research on bipolar disorder concludes that it is a mixed blessing in leaders. On the one hand, leadership studies found bipolar disorder to be linked to positive traits of high intelligence, creativity, and entrepreneurship. Other research shows it can negatively affect one’s job performance.

Also observed in the study is a genetic connection between leadership and an increase in alcohol consumption — an unhealthy behaviour that has been shown to cause cancer.

Personal Traits Count

Aside from strictly genetic considerations, the research team tested genetic correlations between leadership position and a set of observable personal traits that are traditionally related to leadership: intelligence, risk tolerance, and height. The results suggested that the genes that are believed to drive leadership may also be related to these traits. In finding links between the traits and underlying genes in leaders, researchers think it is possible that these genes may carry genetic influences on leadership through many of these personal traits.

While genetic research into the role of leadership is in its infancy, the new study is an important step forward and is likely to shed light on the direction and scope of future studies in the field. “While certain genes can play a role in whether an individual turns out to be a leader or not, they may not end up expressing themselves. At the very least, they are not a determining factor in shaping the well-being of a leader. Behaviour and lifestyle can influence the expression of genes and improve the chances of good health in leaders. And good health is always an important asset to any organisation, no matter where leadership resides,” Prof. Li adds.

Reference:
Zhaoli Song, Wen-Dong Li, Xuye Jin, Junbiao Ying, Xin Zhang, Ying Song, Hengtong Li, and Qiao Fan, Genetics, leadership position, and well-being: An investigation with a large-scale GWAS (March 14, 2022). Available at https://doi.org/10.1073/pnas.2114271119.

This article was first published in the China Business Knowledge (CBK) website by CUHK Business School: https://bit.ly/3PsquqY

Hashtag: #CUHKBusinessSchool

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

About CUHK Business School

CUHK Business School comprises two schools – Accountancy and Hotel and Tourism Management – and four departments – Decision Sciences and Managerial Economics, Finance, Management and Marketing. Established in Hong Kong in 1963, it is the first business school to offer BBA, MBA and Executive MBA programmes in the region. Today, CUHK Business School offers 10 undergraduate programmes and 20 graduate programmes including MBA, EMBA, Master, MSc, MPhil and Ph.D. The School currently has more than 4,500 undergraduate and postgraduate students from 20+ countries/regions.

In the Financial Times Executive MBA ranking 2021, CUHK EMBA is ranked 19th in the world. In FT‘s 2022 Global MBA Ranking, CUHK MBA is ranked 50th. CUHK Business School has the largest number of business alumni (40,000+) among universities/business schools in Hong Kong – many of whom are key business leaders.

More information is available at or by connecting with CUHK Business School on:
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WeChat: CUHKBusinessSchool

Danone launches campaign to inspire healthier nutrition choices on Shopee

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Laotian Times
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Shoppers can enjoy highlights of Danone x Shopee Brand of the Day on Shopee Mall including Top Spender prize, Giveaways and Livestream, on July 26, 2022

BANGKOK, THAILAND – Media OutReach – 21 July 2022 – Danone, a leading multi-local food and beverage company building on health-focused and fast-growing categories, and Shopee, a leading e-commerce platform in Southeast Asia and Taiwan, is launching Danone x Shopee Brand of the Day under the concept “Let Wellness Take Flight” campaign on Shopee Mall allowing consumers in the region to shop from Danone’s full product portfolio for the whole family.

Happening on July 26, 2022, the campaign will include products from Danone brands such as Hi-Q, Dumex, Protinex and Alpro. In line with the trend of consumers going online to purchase health products, the campaign is themed “Let Wellness Take Flight” to support families in pursuing their journey towards healthier lifestyles, by making better nutrition choices and discovering products that support their health and nutrition needs. This is in line with Danone’s mission to bring health through food to as many people as possible. Through this campaign, Danone hopes to support consumers across all stages of life in leading better and healthier lives, through Danone’s portfolio of nutritious and scientifically-backed products.

In addition, Danone is also committed to operating in an efficient, responsible, and inclusive manner, in line with the Sustainable Development Goals (SDGs) of the United Nations. In March 2021, Danone Thailand became the first B Corp certified company in Thailand. B Corps are companies that voluntarily meet the highest standards for social and environmental performance.

Deborah Chong, Global Head of eCommerce, Danone, said, “We have witnessed an incredible growth for our online business, including a 105% increase in growth across Southeast Asia during the Shopee 12.12 Birthday Sale last year. With more consumers turning to e-commerce platforms like Shopee to seek convenient and reliable product options, we believe this collaboration will further scale our presence in the region. Prioritizing consumers’ health is crucial for us and we believe this regional campaign lets us show our care and appreciation for our customers by providing convenient access to products that support their health and nutrition needs.”

Danish Rahman, General Manager, Danone Thailand, added, “I am very excited and proud to represent Danone Thailand as a partner with Shopee to fulfill our mission of bringing health through food to as many people as possible. We believe that our portfolio can cater to the specific nutrition needs of all consumers and encourage the consumption of essential macro and micronutrients for a well-balanced, healthy diet. And partnering with Shopee will help bringing the benefits of our products to reach the greatest number of consumers. Please have a joyful shopping journey and check out our products on the Super Brand Day in Shopee Mall under the “Let Wellness Take Flight” theme”.

Pavan Challa, Director, Regional Brand Partnerships at Shopee, shared, “As the leading e-commerce platform in Southeast Asia and Taiwan, Shopee is committed to offering the best product variety and value for shoppers. We share Danone’s belief in empowering consumers to lead healthier lives through access to quality food and nutrition, and we are proud to partner with them for Regional Super Brand Day 2022. Together, we hope to bring quality products to shoppers at great value.”

On July 26, 2022, shoppers can look forward to a host of exclusive deals and more privileges when pay with ShopeePay, including:

  • Attractive Gifts with Purchase[1]: Shoppers who make eligible purchases will be able to choose from a selection of gifts, suitable for different users from Danone’s products.
  • Exclusive Top Spender Prizes[2]:Get the chance to win grand prizes such as electric ride-on sports cars for kids, gold necklace and Lenovo earphones.
  • Earn loyalty points with Brand Membership[3]: Special for Hi-Q 1Plus Official Store – get 500 points automatically for new members registered on 26 July. Earn 1 point for every 10 baht purchase of any Hi-Q milk powder or UHT stage 3 or 4 products. Collect points and redeem for fun gifts.

For more information about the Danone Brand Day, please visit https://bit.ly/3ogo5nP

Download the Shopee app for free on the App Store or Google Play Store.


[1] Terms and conditions applied
[2] Terms and conditions applied
[3] Terms and conditions applied

Hashtag: #Danone #Shopee

About Danone

Danone is a leading multi-local food and beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With its ‘One Planet. One Health’ frame of action, which considers the health of people and the planet as intimately interconnected, Danone aims to inspire healthier and more sustainable eating and drinking practices. To accelerate this food revolution and create superior, sustainable, and profitable value for all its stakeholders, Danone has defined nine 2030 Goals, and paved the way as the first listed company to adopt the “Enterprise à Mission” status in France. With a purpose to bring health through food to as many people as possible, and corresponding social, societal and environmental objectives set out in its articles of association, Danone is committed to operating in an efficient, responsible and inclusive manner, in line with the Sustainable Development Goals (SDGs) of the United Nations. By 2025, Danone aims to become one of the first multinational companies to obtain B Corp™ certification. With more than 100,000 employees, and products sold in over 120 markets, Danone generated €23.6 billion in sales in 2020. Danone’s portfolio includes leading international brands (Actimel, Activia, Alpro, Danette, Danio, Danonino, Evian, Nutricia, Nutrilon, Volvic, among others) as well as strong local and regional brands (including Dumex, Protinex, AQUA, Blédina, Bonafont, Cow & Gate, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, Vega).

About Shopee
Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.

Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.

About Shopee Mall
Shopee Mall is the region’s leading online mall offering one-stop access to a wide range of international and local brands and retailers. Shoppers can enjoy three guarantees delivered by Shopee Mall — 100% authentic products, free returns and free shipping. With always-on deals, entertainment and a robust loyalty programme, Shopee Mall offers an unparalleled online shopping experience and best value all year round.

CoorsTek Announces Capacity Investments in Japan

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Laotian Times
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TOKYO, JAPAN – News Direct – 21 July 2022 – CoorsTek KK (Tokyo, Japan) announced today that its parent company, CoorsTek, Inc.’s board of directors has approved a capital expenditure plan to expand the company’s semiconductor ceramics business in response to strong market demand.

The company will invest to add additional semiconductor ceramics manufacturing capabilities at existing facilities, mainly in Oguni town, Yamagata prefecture and Kawatana town, Nagasaki prefecture in Japan. Start-up for this additional capacity is planned in 2024.

For a large-scale production increase including this investment, CoorsTek expects to hire about 300 additional employees mainly at its facilities in Oguni town and Kawatana town by the end of Q1 2023.

“Our Japan manufacturing facilities play a critical role in driving growth for the company in Asia and in delivering high quality materials for the semiconductor market,” said Jonathan Coors, CEO, CoorsTek, Inc. and President, CoorsTek K.K. “CoorsTek will be well positioned to grow with the semiconductor market through these capacity expansions, and this investment underscores our long-term commitment to Japan.”
Hashtag: #CoorsTek

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

About CoorsTek

Founded in 1910, CoorsTek is a leading global manufacturer of technical ceramics. By leveraging expertise in engineering and materials science, CoorsTek provides solutions to complex technical challenges in the semiconductor, medical, automotive, aerospace, and other industries. With over 400 proprietary formulations, vertically integrated systems, and unparalleled process capabilities, CoorsTek partners with its customers to make the world measurably better. For more information about our products and services visit .

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Thailand Confirms Use of Spyware, Cites National Security

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Laotian Times
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Thailand government admits to use of spyware
Thailand government admits to use of spyware (Photo: Jefferson Santos)

A Thai minister has admitted Thai authorities employ surveillance software to track persons in cases involving national security or drugs, following disclosures that the Israeli-made Pegasus spyware was used to hack the phones of those critical of the government.

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GEMS Presents its Esports 3.0 Platform at Singapore Blockchain Week 2022

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Laotian Times
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HONG KONG SAR – News Direct – 20 July 2022 – Hong Kong – GEMS, the world first blockchain Esports platform, will be attending the Singapore Blockchain Week (SGBCW) – one of the biggest blockchain events in Asia – with exhibition booths to present its Esports 3.0 Platform from 25 to 29 July, demonstrating the immersive O2O (online to offline) experience of Esports.

Andy Koh, CEO of GEMS, will join a keynote speech to share insights about developing Esports 3.0 with leverage on the blockchain ecosystem. Yuan Wong and Tracy Sheriden Tan, CEO of LABS Group and Arena Esports Hotel respectively, which are crucial partners of GEMS, will also join panel to discuss substantial trends in the ever-growing blockchain landscape at the summit.

During SGBCW, visitors could get first-hand experience of the future Esports with GEMS Esports 3.0 Platform by trying out different virtual and real-life gaming scenarios at its exhibition booths. The new Esports gaming site will also provide a series of popular GameFi and Esports 1v1 game tournaments where winners would be eligible to gain an NFT.

Putting the spotlight on Web 3.0, SGBCW 2022 Summit is themed “Web 3.0 and Beyond” and has a stellar lineup of speakers including Richard Yuan, CTH founder to deliver a keynote speech. CEO of GEMS Andy Koh, as one of the keynote speakers, will speak on how blockchain is reshaping the Esports industry and unlocking the immense potential of the Sharing Economy, by leveraging new applications such as smart contracts and digital wallets backed by blockchain technology.

“Blockchain is an innovative technology empowering different industries, and its ecosystem is booming with its diversified applications, and Esports 3.0 is one of them,” said Andy. “GEMS is the world’s first blockchain Esports platform providing one-stop service. We are excited to share and communicate our ideas and vision in SGBCW 2022.”

Following Andy’s remarks, Yuan Wong, CEO of LABS Group will join the panel discussion on 27 July to share his insights on how companies can catch the wave of Web 3.0 and its benefits. While Tracy Sheriden Tan, CEO of Arena Esports Hotel, GEMS’ founding partner, will share her experience on how female leaders are shaping the future of the Metaverse and making it accessible to the world.

For more information, please visit thegems.gg.

Follow GEMS social media channels:
Discord | Twitter | Telegram | Medium | Facebook | Instagram

Hashtag: #GEMS

About Singapore Blockchain Week

Bringing together global regulators, technology and business community, SGBCW is one of the largest government-supported blockchain events organized in Asia. Focusing on the rapidly developing phenomena of NFT, DeFi, Gamefi and Metaverse, SGBCW aims to help shape Singapore to be a blockchain hub and top rank leading innovation centre.

ABOUT GEMS Esports 3.0 Platform

GEMS stands for GameFi, Esports, Metaverse and SocialFi.

Proudly presenting Esports 3.0, GEMS is an Esports 3.0 Aggregator Platform within a unique O2O (online-to-offline) Ecosystem. Our one-of-a-kind ecosystem is designed to be the ultimate, one-stop GameFi destination, allowing crypto and Esports gamers to learn, connect, and immerse themselves in different metaverses and GameFi worlds via online and offline touch points.

Russia and Myanmar to Cooperate in Establishing Nuclear Energy

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Laotian Times
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The leader of Myanmar’s junta government, Senior General Min Aung Hlaing, met with the director general of Russian state energy company Rosatom on 11 July. 

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