Drone photo demonstrating air pollution levels in 2019 (Photo: Jettana Viengsaly)
As air pollution thickens in the skies above Laos, concerned individuals are rising to the challenge with some simple solutions, writes Bridget Dooley.
Victoria’s rail transport system modernises infrastructure to increase efficiencies and support cost-effective solutions to their end customers
BRISBANE, AUSTRALIA – News Direct – 15 March 2022 –CSG® (NASDAQ: CSGS) is transforming the way companies engage with their customers by arming today’s leading brands with future-ready, innovative solutions that drive extraordinary customer experiences. Recently VicTrack, the state-owned enterprise that manages public transport infrastructure in Victoria, Australia, deployed CSG’s configure, price and quote (CPQ) and order management solution to support the digital transformation and automation of its telecommunications network. With CSG’s industry-leading platform, VicTrack’s existing network and processes now deliver more efficient and cost-effective solutions to their end transport, government and wholesale customers.
“VicTrack’s focus is on broad transformation and CSG’s ability to automate our systems and create faster more efficient solutions for our customers is a game-changer for our business,” said Bruce Moore, Executive General Manager, Telecommunications at VicTrack. “We wanted a technology provider that had both local market experience and the proven expertise to handle the complexities of our project. CSG’s flexibility and transparency created a highly collaborative environment that ultimately set our business up for immediate and long-term success.”
CSG technologies enable VicTrack to support the delivery of improved telecommunications solutions both now and into the future, across both public and enterprise applications.
Since implementing CSG’s CPQ solution, VicTrack has:
Supported the development of a future-proof network: Anticipating the future needs of VicTrack’s business, the high-capacity network is now ready for turnkey upgrades and increasing stakeholder demands.
Improved process speeds by 30%: Process and deployment times cut by nearly a third, allowing VicTrack to have better visibility across its offerings and make strategic decisions on future services.
Sparked new revenue opportunities: VicTrack can wholesale excess capacity across its network to other carriers to support them in providing services to the broader state of Victoria.
“By supporting critical rail operations, including ticketing, communications, signalling and video surveillance, the state of Victoria is providing services that keep the heart of the city, its people and businesses, moving,” said Ian Watterson, head of CSG’s Asia-Pacific business. “VicTrack’s progressive approach to digitally transform its network and ensure it is highly efficient and modern is no easy feat. It’s been a privilege to work alongside VicTrack on this journey as CSG continues to deliver disruptive innovation that meets the growing demands of the market to create a more future-ready world.”
Delivered as part of CSG Encompass, a SaaS, open, integrated and modular solution that reduces the complexity of multi-sided, B2B2X ecosystems, CSG’s CPQ solution accelerates time to market with an end-to-end, open and interoperable design that is completely catalog-driven. For more information visit, www.csgi.com/capabilities/revenue-and-customer-management/configure-price-quote-and-order/.
About CSG
CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries.
Financing round led by Prosnav Capital, a strategic international investor based in Luxembourg and Hong Kong, and supported by investment from a group of continuing shareholders
Financing accelerates the company’s development into a global leader in proteomics and provides direct access to Asian market opened through broad network of Prosnav Capital
New management team appointed to drive aggressive growth, brings extensive international industry expertise: new CEO, Dr. Albrecht Läufer is joined by Markus Fehr as designated co-CEO
COLOGNE, GERMANY – EQS Newswire – 14 March 2022 – AYOXXA Biosystems GmbH, active in the development of multiplex protein analysis assays for drug discovery and translational research, today announced the successful closing of a financing round which will provide runway for the coming 3 – 5 years. The round was led by Hong Kong-based strategic investor, Prosnav Capital, who will provide AYOXXA access to the Asian market with a broad regional network. Besides Prosnav, a group of existing shareholders participated in the financing.
The funds will be used to drive the global commercialization of AYOXXA’s LUNARIS(TM) platform. The platform is designed to generate high-quality proteomics data using smallest-volume samples. It enables fully scalable quantitative validation of disease-relevant biomarkers and allows for translational research from laboratory to clinic, from mouse model to human, from data to treatment or vaccine.
“We are proud to have attracted Prosnav Capital as a shareholder. Prosnav provides the company with a solid perspective, not only in terms of funding, but also with their valuable relationships and experience, especially in Asia,” said Dr. Albrecht Läufer, AYOXXA’s Chief Executive Officer. “With our LUNARIS(TM) platform, AYOXXA is well positioned to enter the commercial growth phase.”
“We are honored to lead a group of highly regarded life science investors in supporting AYOXXA at this crucial point in the company’s history,” said David Huang, founder of Prosnav Capital. “This is our strategically important investment into the healthcare sector; we are excited by the potential of the LUNARIS(TM) technology to support development of better treatments and vaccines. We will help to establish AYOXXA as a global leader in proteomics”.
“AYOXXA is now well positioned to successfully expand into the Asian market, where nearly half of the more than 600 studies with CAR-T cell therapies are being conducted by utilizing its experience gained through use of the LUNARIS(TM) platform at 1st tier medical institutions in Europe and the US,” said new designated Co-CEO and China Representative of GHA (German Health Alliance) Markus Fehr.
“Prosnav Capital has recognized the potential of AYOXXA to continue to innovate, particularly for the use of proteomic tools in clinical settings, as well as provide the financial stability to expand the commercial capability of the company. I was pleased to have the support of the leading investors in AYOXXA throughout the financing process and encouraged that several shareholders continue as investors in the company alongside the lead investment of Prosnav Capital,” said Rodney Turner, outgoing CEO of AYOXXA.
Continuing investors led by Wellington Partners and NRW.Bank include b-to-v Partners S.à.r.l.; Rainer Christine Asset Management GmbH.; Equivation-Beteiligungsgesellschaft mbH; Roland Oetker Family Office; Riesner Verwaltungs GmbH, the two Co-Founders of AYOXXA and several other private investors.
New management to drive accelerated commercial growth
As part of the financing transaction, it was agreed that previous Managing Directors will continue to serve the company in new capacities. Rodney Turner (CEO) will advise AYOXXA in the US market, and Dr. Markus Zumbansen (CTO) will continue to serve the company as a CSO and CTO. The new CEO, Dr. Albrecht Läufer, and designated co-CEO Markus Fehr will drive AYOXXA’s accelerated commercial growth.
Dr. Läufer joins AYOXXA bringing more than 35 years of experience from international leadership positions in the biotech and pharmaceutical industries and from vaccines development to the company. Mr. Fehr is an expert on the Chinese healthcare market and will retain his position as China representative of the GHA – German Health Alliance, in addition to his role at AYOXXA.
About Prosnav Capital
Prosnav Capital manages over $1 billion in committed capital through its multi-asset class platform, which includes private equity, real estate, structured investments and finance, and asset management. Prosnav has carefully selected high quality fund investment opportunities from around the world and offered them to high-net-worth clients. At the same time, the company actively explores direct and co-investment opportunities. In addition, the company provides comprehensive value-added services throughout the investment cycle, from fundraising inception to investment, post-investment management and exit. In addition to its Luxembourg fund office, which serves as a hub for the EU, Prosnav has offices in key financial centers, including Germany, Switzerland, Canada, the UK (advisory services at the StepStone office), Singapore, Australia, Hong Kong and China. Prosnav employs over 70 people worldwide.
About AYOXXA
AYOXXA Biosystems GmbH, originally a Startup of the National University of Singapore, is an international life science company based in Cologne (Germany) with an office in the USA. AYOXXA enables its customers and partners to utilize its reliable and optimized platform technology to fuel breakthroughs in all areas of life science research and to enhance success in translational science.
With LUNARIS(TM), its proprietary beads-on-a-chip multiplexing platform for advanced protein analysis, the Company is paving the way for translating knowledge generated in a laboratory environment through clinical studies in support of basic biology and drug development. With its advantages in terms of quality, flexibility, robustness and efficiency, LUNARIS(TM) enables fully scalable quantitative validation of biomarkers in minute amounts of biological samples. AYOXXA is commercializing a growing portfolio of standardized ready-to-use biomarker assays, with a focus on the biology of inflammation and immune response.
HONG KONG SAR – Media OutReach – 14 March 2022 –SUNeVision Holdings Ltd. (SUNeVision), the number one data centre provider and connectivity hub in Hong Kong, today announced that the company has won the tender for a site in Chung Hom Kok, Hong Kong (“RBL1219”). This site will be used to develop SUNeVision’s second landing station for international submarine cables, following its first landing station, “HKIS-1“, launched last year. The addition of cable landing stations to its data centre portfolio will further strengthen SUNeVision’s position as the leading connectivity hub in Asia.
Unprecedented international subsea capacity demand
Global data traffic continues to grow at an unprecedented rate, to 4.8ZB per year, by 2022 [1]. Asia has experienced one of the highest demand growth in international bandwidth, growing at a CAGR of over 40% between 2017 and 2021 [2]. International subsea cables today collectively drive 99% of the intercontinental traffic [3], functioning as the most critical backbone for global connectivity. Cable landing stations serve as an important infrastructure linking each of the cities along which the cable systems route.
Hong Kong as hub for Asia and gateway for China
Located in the centre of Asia, Hong Kong is one of the most important regional data transit hubs and international gateway to/from mainland China. Hong Kong continued to rank Top 10 globally by data capacity [4], due to its geographic advantages and well-established global interconnection infrastructure. In fact, SUNeVision’s MEGA-i in Hong Kong is the most carrier-dense colocation site in the world [5], enabling customers to interconnect to more than 200+ connectivity partners who have physically established its points-of-presence (PoPs) in SUNeVision’s colocation facilities.
SUNeVision ideal in providing one-stop-solution
Today, 9 out of 11 City PoPs of international submarine cables landed in Hong Kong are located in SUNeVision’s MEGA-i. Providers of telecommunications, cloud, ISP, CDN service interconnect with each other in MEGA Campus’ colocation facilities, forming a network of around 15,000 interconnections with unparalleled reliability and efficiency. Building on this rich ecosystem, the addition of the cable landing stations will provide a one-stop-solution to cable owners and users alike. SUNeVision’s carrier-neutral facilities would be the ideal location for partners who look for connectivity to multiple cables systems and providers.
The tender site refers to the plot Rural Building Lot No. 1219 at Chung Hom Kok, Hong Kong. It has a site area of about 2,254 square metres and is on a 30-year land grant. HKIS-1, launched in 2021 and located nearby, is of similar scale. The two neighbouring sites will offer path diversity and expansion capacities for upcoming new submarine cable growth.
Quote
Raymond Tong, Chief Executive Officer, SUNeVision:
“Hong Kong is an international business and ICT hub in Asia given its strategic location and business environment. As demand for connectivity continues to grow globally due to skyrocketing data usage, the data centre outlook in Hong Kong is optimistic. Our investment in new site demonstrates that we are positive and confident about Hong Kong’s outlook in long term. Our expansion from data centre provider to owning cable landing stations would further strengthen our one-stop-shop connectivity for data businesses in Hong Kong, mainland China and the rest of the world.”
SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.
SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.
WARSAW, POLAND – Media OutReach – 14 March 2022 – Bybit is pleased to be recognized as the Best Cryptocurrency Market Exchange at the Cryptocurrency World Expo 2022. Industry leaders and rising stars in the blockchain and cryptocurrency community gathered at the two-day event in Warsaw, Poland from 9 to 10 March, 2022.
The award is a new milestone in Bybit’s compelling growth story from an emerging exchange for traders in 2018 to one of the most celebrated names for all crypto users around the world.
Bybit’s Bill Xing joined fellow panelists at a round table on financial instruments in the blockchain space. As Head of Financial Products at Bybit, Bill leads efforts in researching and designing innovative instruments at one of the world’s fastest growing exchanges.
Bill said he saw it as the duty of centralized exchanges like Bybit to lower barriers to entry for those ready to embrace cryptocurrency.
Since decentralized finance (DeFi) started gaining mainstream momentum in 2020, Bybit had been gearing up to capture a share of the growth, Bill explained. It is now home to the Bybit Earn, offering a hassle-free platform for eligible users to make the most of their cryptocurrency holdings at various risk and yield levels.
Individual users looking to participate in, say, liquidity farming, had to set up and maintain their own wallet. They also faced relatively high gas fees should they choose to use the Ethereum blockchain. Bill said as a centralized platform, Bybit has been focusing on these two aspects to optimize the DeFi user experience by breaking down barriers.
“At Bybit we simplify DeFi for the average user. They can put their assets on the platform, choose their risk appetite and let the platform do the work,” he shared.
“The DeFi space is filled with noise,” he added. At the Bybit Earn, Bybit scopes out qualified and promising projects to lessen the due diligence burden with in-house resources an individual user may not have.
“We try to lower barriers to entry on all aspects by providing more information and investor education. On the product side, we try to make it more user-friendly for all age groups and skill levels,” he said, and centralized exchanges can help retail investors participate in the DeFi market by removing the technical hurdles.
“Fiat integration is another bump in the crypto onboarding journey that centralized exchanges are working on,” Bill said.
For the vast majority of people starting to adopt cryptocurrency, a robust and secure on-ramp and off-ramp system is a key consideration. “This functionality has mostly been taken up by centralized exchanges,” Bill said. For most actual users, the choice is not between “crypto or fiat” and they demand secure gateways in both directions,” he said.
Bybit’s booth at the Expo showcased its trading platform and greeted hundreds of cryptocurrency enthusiasts participating the Expo from across the world with refreshing beer. Over 1,400 visitors attended the conference in person in addition to virtual sessions to a global audience.
About Bybit
Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.
The Hong Kong-headquartered rental accommodation specialist will soon introduce its fully integrated rental accommodation concept to Singapore, following the USD 56 million acquisition of Hotel Clover J. Sultan
HONG KONG – Media OutReach – 14 March 2022 –Asia’s leading owner, developer and operator of lifestyle rental accommodation WEAVE LIVING today announces its expansion to Singapore. Through its successful acquisition of Hotel Clover J. Sultan located at 33 Jalan Sultan for a value of USD 56 million, WEAVE LIVING will introduce its fully integrated rental housing concept to the Lion City. WEAVE LIVING’s debut property in the city is expected to welcome its first residents in the first quarter of 2023, and will see the company’s aggregate assets under management rise to over USD 850 million across its portfolio in Hong Kong and Singapore. This latest acquisition marks a new milestone for the Company and signifies WEAVE LIVING’s expansion plan into more APAC markets, leveraging on its solid foundations in Hong Kong since 2017.
Located in the heart of the vibrant Kampong Glam neighbourhood, WEAVE LIVING’s first Singapore property will boast a gross floor area of approximately 35,000 square feet. Coupled with WEAVE LIVING’s dedication to providing lifestyle-centric, hassle-free living, this upcoming property will provide an exceptional new choice for rental accommodation in the active Singapore market. Targeting global citizens and professionals, the expansion will also create a strong synergy effect and strengthen WEAVE LIVING’s offer across Asia’s gateway cities.
Sachin Doshi, Founder & Chief Executive Officer of WEAVE LIVING, said: “We are thrilled to have successfully acquired this premium site. We have been following with interest the booming rental accommodation market in Singapore and are optimistic about developments in this key Asian commercial centre over the coming years. A new generation of Singaporeans are now looking for a place to live independently, especially with the recent growth of working from home and other flexible working arrangements. We are also confident that the city will see an influx of global talent thanks to its status as an international financial hub combined with its pragmatic approach to dealing with the after-effects of the pandemic. We believe there is huge demand for fully serviced, flexible and stylishly designed accommodation in Singapore, which we expect will only increase as we continue to grow our portfolio in the city.
“With our first acquisition in Singapore, WEAVE LIVING is excited to curate a brand-new living experience for global citizens and professionals that combines style, comfort, and convenience, to complement the energy and vitality of modern city living. The acquisition also aligns with WEAVE LIVING’s long-term investment and expansion plans and I am certain that the Company will inject new energy into the market.”
He added that WEAVE LIVING’s first overseas purchase, building on the solid foundation the brand has established in the Hong Kong market, signifies the Company’s ambition to expand its presence to the wider APAC region with entry into other countries, beyond Singapore currently in planning. WEAVE LIVING is also eyeing various potential properties in Singapore, with an aim to substantially grow its portfolio in the city-state over the next couple of years.
Spread across two levels, the property, which is a row of conservation shophouses, will feature beautifully designed and fully-furnished rental accommodation units encompassing a mix of single- and dual-occupancy contemporary serviced suites including several loft units with exclusive green terraces and kitchenettes. In keeping with WEAVE LIVING’s community-building and design-forward ethos, the existing property will undergo a comprehensive refurbishment with an investment of SGD 4 to 5 million, whereby expansive and welcoming shared spaces such as a dining area, living room, kitchen, gym, yoga studio and workspaces will be added. The new home is expected to welcome its first residents early next year.
In recent years, Kampong Glam has transformed into one of Singapore’s most vibrant arts and cultural precinct. In addition to its diverse mix of impressively maintained heritage and exciting new developments, the area is home to leading museums, art hubs and cultural landmarks, and is a must-visit destination for both locals and visitors. WEAVE LIVING’s debut property in the city is an eight-minute walk to Bugis MRT station, a main interchange hub on the East West and Downtown Lines. As such, the property is within easy reach of popular destinations such as Raffles Place, Tanjong Pagar, Marina Bay Sands, National Gallery, and Victoria Concert Hall while also being conveniently connected to commercial areas such as Suntec City, The Gateway and The Concourse. With its prime location and fascinating surrounds, this is the ideal location for WEAVE LIVING’s lifestyle rental accommodation philosophy to be brought to life in Singapore.
About Weave Living
Founded in 2017 by Sachin Doshi as a response to the gap in the market for beautifully designed and professionally managed living options, WEAVE LIVING currently owns and operates 678 rental accommodation units in Hong Kong across its three consumer brands: WEAVE STUDIOS, WEAVE SUITES and WEAVE RESIDENCES.
WEAVE STUDIOS boasts four prime locations in Kowloon that ushered in a new and innovative model of hassle-free city living by bringing together comfort, convenience, and community. WEAVE SUITES was first launched in February 2021 at eclectic Sai Ying Pun, offering 83 fully-furnished and contemporary serviced suites. In August 2021, WEAVE RESIDENCES debuted in affluent Mid-Levels, adding 48 traditional self-contained multi-family homes to the WEAVE LIVING portfolio.
With its current pipeline of new openings in Hong Kong and Singapore over the next 12 months, WEAVE LIVING will grow its portfolio to c.1,500 units across 10 properties.
Offering flexible lease terms and move-in-ready homes with all-inclusive prices for a streamlined, stress-free rental process, WEAVE LIVING’s dedication to its residents and neighbourhood is matched by a commitment to the local community – via frequent collaborations with artists, brands, and partners – to imbue WEAVE locations with a true sense of place.
HONG KONG – Media OutReach – 14 March 2022 –Mead Johnson Nutrition Hong Kong (“Mead Johnson”) is continuing to reach new milestones with its large scale “We CAN Protect the Future” Formula Cans Recycling Program as it pursues better environmental protection for Hong Kong and upholds its mission of nourishing children’s best start in life. The program, launched in 18 districts in partnership with 24-hour online shopping mall HKTVmall (“HKTVmall”) and the World Green Organisation (“WGO”), has to date successfully recycled over 5,800 used cans into raw materials. The recycling initiative has reduced solid wastes and helped parents establish vital recycling habits which play an integral role in building a sustainable future.
Mead Johnson launched the pilot scheme in April 2021 for three months. Popular demand saw it launch a second phase in October 2021. The program encouraged consumers to return cleaned formula cans regardless of the brand to 36 designated HKTVmall O2O shops to redeem e-vouchers[1]. All collected formula cans were then sent to a local recycling plant for processing and turned into recyclable molten metal at another facility. The WGO supervised the entire recycling process to ensure all recycled cans were appropriately transformed into recycled material.
The program recycled over 5,800 used cans, saving enough energy to power a TV for 725 days[2]. An online survey found over 80% of participants agree that the program raised their environmental awareness and changed the way they handled used formula milk cans[3]. Mead Johnson also sent tailored educational materials on recycling and environmental protection to 150,000 parents via targeted online and offline channels to further nurture green living habits.
Mead Johnson also partnered with the WGO to host 18 sessions of upcycling workshops in November 2021. These workshops, held at three major shopping malls, gave a hands-on upcycling learning experience. It taught parents and children to create musical instruments from recycled cans and encouraged children to form green habits from a young age. The workshops received overwhelming responses, with over 280 participants joining them.
“Besides providing high quality nutrition products, Mead Johnson Nutrition Hong Kong has been working with parents to safeguard the environment by organising different environmental protection initiatives,” said Mr. Pankaj Agarwal, General Manager, Hong Kong, Taiwan & Cross-Border of Mead Johnson Nutrition (Hong Kong) Limited. “This program, with strong support from HKTVmall and the WGO, creates a convenient and reliable one-stop recycling channel for consumers, and I am happy to see the tremendous amount of positive feedback and outstanding results. It is also encouraging to see consumers are establishing green habits through our program, which is a vital step to building a green community. We look forward to continue creating a sustainable future through strategic partnerships.”
With its continued commitment to sustainability, Mead Johnson looks forward to further extending the formula cans recycling program in the hope of sparking a bright future for children, as well as strengthening community education through different forms of partnerships. More details of activities will be announced.
[1] Every successful return could redeem a HKTVmall HK$400 Mead Johnson selected products or HK$50 Dettol selected products e-voucher
[3] Online survey of 109 parents, conducted by MJNHK to evaluate participants’ can recycling experience.
About Mead Johnson Nutrition (Hong Kong) Limited
Mead Johnson Nutrition has been established for more than a century. Since its founding in 1905, the renowned infant and child nutrition brand has led the way in developing science-based pediatric nutrition products, guided by the mission to nourish the world’s children for the best start in life. Currently, Mead Johnson Nutrition provides more than 70 products in over 50 countries.
Excellent quality has helped Mead Johnson Nutrition earn the trust of nutritionists and parents. Its dedicated and rigorous approach, continuous innovation, tireless pursuit of excellence, and caring feedback to the community have also helped establish a good brand image.
Mead Johnson Nutrition (Hong Kong) Limited has been in Hong Kong for half a century. It provides Hong Kong parents with high quality, science-based products, various parenting information and professional advice, gaining trust and support from parents.
Mead Johnson Nutrition’s scientists and healthcare professionals are focusing their efforts on the formula for children with special nutrition needs. Mead Johnson Nutrition is one of the very few brands that insists on producing the formula for children with metabolic disorders, giving them hope.
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