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China Wantian Holdings Limited (1854.HK) Honored with “Listed Company of the Year Award 2024”


HONG KONG SAR – Media OutReach Newswire – 13 November 2024 – China Wantian Holdings Limited (1854.HK) proudly accepted the coveted “Listed Company of the Year Award 2024” at an inspiring ceremony hosted by the Hong Kong Institute of Financial Analysts and Professional Commentators (HKIFAPC). Mr. Lau Yau Chuen Louis, CFO of China Wantian Holdings, received the award on the company’s behalf from Mr. Lee Kwan Ho, a member of the 14th National Committee of the Chinese People’s Political Consultative Conference. Held at the Grand Hyatt Hong Kong, leaders from Hong Kong and the Greater Bay Area gathered together in this prestigious event to celebrate the remarkable achievements of listed companies advancing stable market growth and economic development.

Mr. Lau Yau Chuen Louis, CFO of China Wantian Holdings, received the award on behalf of company
Mr. Lau Yau Chuen Louis, CFO of China Wantian Holdings, received the award on behalf of company

This year’s event, commemorating HKIFAPC’s 23rd anniversary and co-hosted with HOY TV, recognized high-achieving listed companies for their exceptional contributions, underscoring Hong Kong’s dynamic financial market. In addition to China Wantian Holdings, awardees included leading corporations such as Henderson Land Development Company Limited (00012.HK), New World Development Company Limited (00017.HK), Swire Pacific Limited (00019.HK / 00087.HK), Yuexiu Property Company Limited (00123.HK), China Resources Beer (Holdings) Company Limited (00291.HK), FSE Lifestyle Service Limited (00331.HK), NWS Holdings Limited (00659.HK), Fortune REIT (00778.HK), CK Infrastructure Holdings Limited (01038.HK), Xiaomi Corporation (01810.HK) and Chow Tai Fook Jewellery Group Limited (01929.HK) etc.. These companies exemplify sustainable growth and sector-leading achievements.

Guided by its vision, “Delivering Freshness and Health to Every Household Every Day,” China Wantian Holdings is actively building a globally recognized green food ecosystem, aligned with China’s sustainability goal, “lucid waters and lush mountains are invaluable assets.” Through its ” Three Meals Strategy ” , the Group focuses on three core business areas: dining and retail, supply chain for food ingredients, and environmental technologies. This approach has led to the formation of its “1854 strategic blueprint,” encompassing eight sectors including dining, group catering, new retailing, supply chain, functional food and health, environmental technology, digital agriculture and Industrial M&A Investments. The Group also plans to expand its business footprint into the Middle East, Southeast Asia, and other international markets.

Accepting the award, Mr. Lau Yau Chuen Louis expressed, “This recognition affirms China Wantian Holdings’ commitment to continuous innovation and significant contributions to our industry. We are dedicated to advancing a green supply chain with a pioneering industry strategy and holistic service model, endeavoring to become a world-leading green food service provider.” He emphasized the company’s unwavering commitment to pioneering advancements across the food value chain, setting a benchmark for the green food industry.

Since its establishment, the “Listed Company of the Year Award” by HKIFAPC has become a vital benchmark, guiding investors toward high-quality companies. This award further solidifies China Wantian Holdings’ industry leadership and enduring commitment to sustainable development, enhancing its market reputation while bolstering Hong Kong’s global financial center status and future capital market growth.
Hashtag: #ChinaWantian

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

About China Wantian Holdings Limited:

China Wantian Holdings Limited (1854.HK) is a company listed on the main board of the Hong Kong Stock Exchange. The company focuses on the dining and retail, supply chain for food ingredients, and environmental technologies, striving to enhance the entire food industry’s value chain. Committed to becoming a global leader in the full industry chain of green food services, China Wantian Holdings upholds a strong dedication to quality and innovation, delivering healthier and more enriching dining experiences from farm to table for households around the world.

China’s economic influence on Southeast Asia: insights with global broker Octa


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 13 November 2024 – As China solidifies its influence across Southeast Asia, it becomes the region’s largest trading partner and a crucial investor in areas like infrastructure, technology, and renewable energy. This release explores how China’s expanding economic reach shapes Southeast Asian markets, from Indonesia’s booming coal exports to Vietnam’s tech transformation, and provides a glimpse into future growth projections for 2025.

China's economic influence on Southeast Asia: insights with global broker Octa

China’s role as a key economic partner for Southeast Asia has been growing at a rapid pace, influencing various sectors, from infrastructure to technology and trade. In 2023 alone, China’s trade with ASEAN countries reached an estimated $975 billion, making China the region’s largest trading partner by a significant margin. Southeast Asian nations, in turn, are benefiting from this relationship through increased investments, robust infrastructure development, and a steady demand for exports. The mutual economic benefits are undeniable as both China and Southeast Asia gain from this deepening integration. In this release, Kar Yong Ang, a financial market analyst at global broker Octa, explores China’s expanding economic influence in Southeast Asia, examining the opportunities and challenges this partnership brings to investors and markets alike.

China as Southeast Asia’s economic powerhouse
China’s infrastructure investments have significantly reshaped Southeast Asia’s economic landscape, establishing deeper ties between countries and impacting financial markets across the region. Through the Belt and Road Initiative (BRI), China has committed over $180 billion to projects in ASEAN nations, building essential infrastructure such as ports, railways, and highways. Notable examples include Malaysia’s $11 billion East Coast Rail Link, designed to enhance connectivity between trade hubs and reduce logistical costs, and the Jakarta-Bandung high-speed rail project in Indonesia, which has already begun transforming trade routes and accelerating economic activity.

This increased connectivity and reduced transportation costs are estimated to boost regional trade volumes by up to 10% annually, supporting stronger local currencies and promoting more stable currency pairs across Southeast Asia. Moreover, these projects contribute to a nearly 15% rise in stock prices within sectors directly tied to infrastructure, such as construction and logistics, creating substantial opportunities for investors aiming to capitalise on the region’s expanding role as a trade and logistics hub.

China’s influence is particularly notable in the following sectors.

  1. Infrastructure and manufacturing
    China’s investments in Southeast Asian infrastructure, such as the $11 billion East Coast Rail Link in Malaysia, reshape regional logistics. By 2024, China accounted for more than 50% of foreign direct investment in the region’s manufacturing and construction sectors, including smart city and transportation hub development projects.
  2. Technology and digital transformation
    China invests heavily in Southeast Asia’s digital transformation, funding all sorts of projects, from e-commerce platforms to cloud technology hubs. In Vietnam, for example, Chinese investments in electronics and information technology exceed $30 billion, helping the country become one of the leading electronics exporters in the region.

Spotlight on 2024: China’s economic impact on Southeast Asia’s major markets
China’s demand for Southeast Asia’s resources and commodities continues to be a powerful driver for economic growth in the region.

  • Malaysia
    In Malaysia, exports to China have surged, particularly electronics and machinery. Malaysia’s trade with China grew by over 9% in 2023, and this trend is anticipated to continue as Malaysia aligns its trade strategy with China’s consumer demand in manufacturing and electronics.
  • Indonesia
    China is Indonesia’s largest coal and palm oil market, accounting for 40% of Indonesia’s total coal exports. This reliance has translated into a strong trade relationship, boosting Indonesia’s GDP by an estimated 1.5% in 2024 due to coal and palm oil exports alone.
  • Vietnam. China’s $30 billion investment in Vietnam’s technology sector is helping transform the nation into a major electronics exporter, contributing nearly 15% to Vietnam’s GDP. These investments are crucial as they help Vietnam transition from an agriculture-based economy to a technology and manufacturing hub.

Looking ahead to 2025: Next for China-Southeast Asia relations
As Southeast Asia seeks continued economic growth, China is expected to maintain its position as a key partner, bolstered by agreements like the Regional Comprehensive Economic Partnership (RCEP). Covering 30% of the world’s GDP, RCEP offers Southeast Asian nations access to streamlined trade routes and reduced tariffs, which could boost intra-regional trade with China by up to 10% over the next five years. Projections suggest that China will further invest in ASEAN’s digital economy and infrastructure, aligning with global sustainability trends and the region’s digital transformation goals.

However, as China deepens its economic ties, Southeast Asia is also exploring diversification in its export markets. With an expected 5.5% annual growth rate in Southeast Asia’s GDP through 2025, countries like Vietnam and Malaysia are expanding their trade strategies to reduce economic dependency on China. These countries are exploring new trade partnerships in Europe and North America, reflecting a cautious approach to balancing economic opportunities with China and other global players.

China’s expanding role in Southeast Asia signifies more than just a trading partnership; it embodies a symbiotic relationship that continues to evolve with mutual benefits. The region’s dependence on Chinese investment and trade links shows no signs of slowing, yet Southeast Asian nations are seeking to balance this by exploring additional economic ties globally.
Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

【Power Up Sustainable Fashion Business】 Asia’s grand event Fashion Summit (Hong Kong) returns from 26-28 November

  • 3 Classic Hong Kong-themed Fashion Shows to revisit old Housing Estates, Kai Tak Airport and Kowloon Walled City
  • The First “Fashion Summit Lifestyle Pop-up Shop” staged in 5 exhibition areas to showcase transnational fashion creativity, the unveiling The Amazing Cut creations + 13 Italian and Hong Kong sustainable fashion collections
  • 20 industry heavyweights gather at International Summit to discuss development strategies for sustainable fashion

HONG KONG SAR – Media OutReach Newswire – 13 November 2024 – The annual Asian fashion showcase Fashion Summit (Hong Kong) 2024 will be held from 26-28 November with the theme of “Power Up Sustainable Fashion Business”, continuing the 2023 theme of “Sustainable Movement”. Fashion Summit (Hong Kong) 2024 is organised by the Clothing Industry Training Authority (CITA) and sponsored by the Cultural and Creative Industries Development Agency as a programme of the Hong Kong Fashion Fest which is presented by the Government of the Hong Kong Special Administrative Region. The event includes an International Conference at the Hong Kong Palace Museum on the first day and three fashion shows at Kai Tak AIRSIDE. Fashion Summit (Hong Kong) is committed to introducing new thinking and ways of integrating sustainability concepts into fashion from home and abroad to the local fashion industry; and at the same time, consolidating Hong Kong’s position as a creative fashion hub through fashion shows, exhibitions and seminars.

Fashion Summit 2024 Power Up Sustainable Fashion Business

In response to this year’s theme, Hong Kong must strive to practice sustainable development in day-to-day business and establish new business models. Fashion Summit (Hong Kong) will be launching the first “Fashion Summit Lifestyle Pop-up Shop” from 1-30 November at GATE33 Gallery at Kai Tak’s AIRSIDE to encourage and support Hong Kong and international designers to run sustainable fashion businesses. On exhibit and available for pre-order at the pop-up shop will be designs that combine history, culture and fashion trends. At the same time, creations by finalists of Amazing Cut, Hong Kong’s first fashion design reality TV competition show, will be unveiled, giving visitors the opportunity to experience Hong Kong’s new fashion force. On 26 November, an International Conference will explore sustainable fashion development trends and innovative solutions in Hong Kong, China and beyond from multiple angles. And from 27-28 November, three finale shows will round up this year’s event. The shows are themed on Hong Kong’s nostalgic past—Time Traveller, Capture the Time and Local Power—giving 15 renowned international and local designers along with emerging local designers the opportunity to display their creativity and designs to showcase Hong Kong’s fashionable legacy across generations.

3 Classic Hong Kong-themed Fashion Show –

Exploring Old Housing Estates, Kai Tak Airport and Kowloon Walled City through Fashion

From 27-28 November, Fashion Summit (Hong Kong) will be staging three fashion shows over two days themed on Hong Kong’s nostalgic past, bringing together 15 leading and young designers from Mainland China, Hong Kong, Cambodia, Italy and Russia. With the themes of Time Traveller, Capture the Time and Local Power, the three shows will present up to 180 creations that combine sustainable fashion, history and culture. With a stage created by generative AI, visitors will be led into a time tunnel to enjoy a visually stunning fashion feast of cultural heritage. Register for free tickets now to witness the creative ideas and latest developments in sustainable fashion from designers from various countries and regions!

Registration Link: https://show.fashionsummit2024.org/

The Three Fashion Shows at Fashion Summit (Hong Kong)
International Fashion Show – Time Traveller

Background: Kai Tak Airport 100th Anniversary

Introduction: Internationally renowned designers have created all new collections for the theme “Time Traveller” using fashion as a cultural carrier to connect different nationalities. As the predecessor of AIRSIDE, Kai Tak Airport will become the boarding gate to the gateway of time and space, leading the audience through the past and present to look back at the historical changes of Kai Tak and travel to Hong Kong’s Victoria Harbour, Shanghai’s Bund, Cambodia’s Angkor Wat, Italy’s Milan Cathedral, Russia’s Church of the Savior on Spilled Blood, and other famous landmarks around the world.

Participating Designers (in no particular order): Natacha Van (Cambodia), Gilberto Calzolari (Italy), Igor Gulyaev (Russia), Kev Yiu (Hong Kong), Shie Lyu (China)

Date: 27th November (Wed)

Time: 1800-1900

Venue: 40th Floor, AIRSIDE

Hong Kong Young Designer Fashion Show – Capture the Time

Background: Hong Kong Estates Hot Spots

Introduction: Old housing estates not only bear witness to the development and changes of Hong Kong society, but also carry precious memories of countless Hong Kongers. A group of young Hong Kong designers will use their extraordinary creativity to present significant moments in their lives through fashion, inviting the audience to revisit characteristic housing estates in East Kowloon’s Choi Hung, Ngau Tau Kok, Kwon Tong among others and stop by old cafes, neighbourhood stores, game arcades and other shops to showcase the unique fashion aesthetics of Hong Kong designers to the world.

Participating Designers (in no particular order): Jesse Lee, Ferrando Chan, WaiYee Cheung, Jasmine Leung, Tiger Chung

Date: 28th November (Thu)

Time: 1500-1600

Venue: 40th Floor, AIRSIDE

Hong Kong Brand Fashion Show – Local Power

Background: The Neon Lights of Kowloon Walled City

Introduction: As one of the most densely populated areas in Hong Kong, the former Kowloon Walled City nurtured many well-known Hong Kong brands and knockoff factories. Its intricate alleys and colourful neon signs also hold within it the beauty of the city and how the world recognizes Hong Kong. Today, to promote the spirit of Hong Kong design, a number of local fashion brands will present fashion designs that blend Chinese and Western cultures to the world.

Participating brands (in no particular order): V VISSI, Virtue, Sparkle By Karen Chan, Byebuy Market, Classics Anew

Date: 28th November (Thu)

Time: 1800-1900

Venue: 40th Floor, AIRSIDE


Sneak preview! Fashion Summit Lifestyle Pop-up Shop launching at Kai Tak AIRSIDE’s five exhibition spaces on 1 November

Creations from the “Amazing Cut” to be unveiled + Over 100 “Classic Hong Kong” designs available for pre-order!

Fashion Summit (Hong Kong)’s first “Fashion Summit Lifestyle Pop-up Shop” will be launched at GATE33 Gallery on the third floor of Kai Tak’s AIRSIDE from 1-30 November. The pop-up shop will be divided into five exhibition areas, including “Italian Brands”, “Hong Kong Brands”, “Hong Kong Young Designers”, “Fashion AI Photo Exhibit”, and “The Amazing Cut”. In addition to exhibits of sustainable fashion designs by young emerging designers and epoch-making fashion photography created with real models combined with AI+, designs by finalists of Amazing Cut, Hong Kong’s first fashion design reality TV competition show, will be unveiled. Visitors will have the opportunity to view up close over 100 cutting-edge designs and pre-order fashion items, and witness how designers from different countries and regions interpret their personal viewpoints and Hong Kong culture through fashion.

Fashion in the Forbidden City – International Summit bringing together over 20 world-class speakers to promote new directions in sustainable fashion

As sustainable development has increasingly become a key focus globally, sustainable fashion has gradually become a major trend in the fashion industry and a key issue among Hong Kong’s political and business circles in recent years. To establish itself as a “creative fashion base”, Fashion Summit (Hong Kong) will hold a one-day international summit at the Hong Kong Palace Museum on 26 November, bringing together the political, business, academic and public sectors to discuss innovative solutions. At this year’s International Summit, Mr. Richard Cheng, Chairman of the Clothing Industry Training Authority, will give the welcome remarks and Mr. Sunny Tan, Member of the Legislative Council of the Hong Kong SAR (Textiles and Garments Sector), will deliver the opening address. Keynote speakers Mr. Carmelo Ficarra, Consul General of Italy in Hong Kong (partner country) and Mr. Yang Zhao Hua, Vice President of China National Textile And Apparel Council will share the development trends and innovative technologies of the sustainable fashion industry in the two countries with attendees. The Hong Kong fashion industry will have the opportunity to learn from their experiences and promote Hong Kong’s sustainable fashion development.

The international summit also invited over 20 global fashion industry leaders, leading scholars, business representatives, NGO representatives and members of the media to attend as guest speakers. Talks will focus on key discussion points that include sustainable fashion trends, green marketing potential, how AI can empower the fashion industry, the development of Asia’s circular economy, Gen-Z start-up strategies, uncovering eco-materials, and corporate investment promotion. A total of seven panel discussions are aimed at raising the industry and public’s attention and implementation of sustainable fashion, as well as exploring competitive sustainable fashion business models through industry discussions and promoting Hong Kong’s fashion industry towards a sustainable future.

Registration Link: https://fashionsummit2024.org/onlineReg

For more details about Fashion Summit (Hong Kong), please visit https://www.fashionsummit.hk.

Hashtag: #FashionSummit

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

FlexSystem Achieves ISO 27001 Certification Confirming Robust Information Security Management


HONG KONG SAR – Media OutReach Newswire – 13 November 2024 – Leading enterprise software provider, FlexSystem Limited (“FlexSystem”), has been awarded ISO 27001 certification for its information security management systems. This certification signifies the company’s commitment to maintaining the highest quality standards in business operations, information security, and protecting the confidentiality, integrity, and availability of its clients’ data.

Developed and published by the International Organization for Standardization (ISO), ISO 27001 is an internationally recognized standard for information security management systems (ISMS). It provides guidance for companies of all types and sizes on establishing, implementing, maintaining, and continually improving an information security management system. The ISO 27001 certification is awarded to organizations that have security controls in place to manage and mitigate risks related to the security of data they own or handle.

“Achieving the ISO 27001 certification demonstrates that FlexSystem adheres to the best information security management practices to protect our customers’ interests and confirms that we have all the necessary controls in place to ensure this strict standard is implemented across technology, people, and processes,” the spokesperson for FlexSystem stated. “As a leading provider of ERP software, we understand the critical importance of ensuring a safe and secure platform for our customers. We prioritize what matters to our clients. In today’s landscape, effective information security management is vital for every organization. Achieving this prestigious certification is a testament to our commitment to upholding the highest standards of information and data security, providing our customers and partners with the assurance that their sensitive information is in safe hands.”

Cyber threats and data risks are ever-evolving, and FlexSystem is well-equipped to achieve security excellence and regulatory compliance. FlexSystem remains dedicated to being at the forefront of developing extensive, secure, and reliable ERP software solutions that will meet our customers’ ever-changing needs and adhere to industry standards and best practices.

The certification brings several key benefits to FlexSystem’s customers:

  • Information Security Best Practices: Continuous improvement of security measures, ensuring protection against rapidly evolving cyber threats.
  • Increased Reliability and Trust: Customers can rely on FlexSystem for secure handling and storage of their sensitive information, which is crucial for maintaining confidentiality and trust.
  • Compliance and Risk Management: Assisting customers in meeting regulatory requirements, reducing the risk of security breaches and associated costs.

Hashtag: #FlexSytem #ERP #Technology #System #Business #ISO



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

About FlexSystem Limited

FlexSystem is a leading IT company headquartered in Hong Kong which focuses on the design and development of innovative and people-centric business software that can run on-premise, in the cloud or as a hybrid solution for both enterprises and governments. Trusted by more than 2,000 companies across 38 countries, including 1 in 10 Forbes Global 2000 and 25% listed companies in Hong Kong, FlexSystem utilizes the latest technologies to reduce the cost of ownership and build competitive advantages for customers. For more information: .

Wrapped Litecoin ($WLTC) Unlocks DeFi for Litecoin ($LTC) Holders


SINGAPORE – Media OutReach Newswire – 12 November 2024 – Leading digital asset exchange, Coinut, is proud to announce the launch of Wrapped Litecoin ($WLTC) today, November 12. This groundbreaking development integrates Litecoin into the vibrant world of decentralized finance (DeFi) via the Ethereum network.

An ERC-20 token, $WLTC acts as a simple bridge between the Litecoin and Ethereum ecosystems. As the oldest surviving altcoin, Litecoin’s 13 years of uninterrupted network activity has earned it a reputation as one of the most trusted and active digital assets globally. Wrapped Litecoin (WLTC) is a token that is pegged 1:1 with Litecoin, meaning each WLTC is backed by an equivalent amount of Litecoin, ensuring its value remains consistent with LTC. By wrapping Litecoin, users can now take advantage of Ethereum’s extensive DeFi ecosystem without selling their LTC. This opens up a variety of decentralized exchanges (DEXs) and thus unlocks greater liquidity for user assets. The main advantages for most will be earning interest, borrowing funds, and leveraging assets in numerous DeFi protocols. WLTC can be staked, and thus earn rewards, on various Ethereum-based DeFi platforms that support staking. WLTC also opens the door to smart contracts. By standardizing Litecoin into the ERC20 format, WLTC facilitates the integration of Litecoin transfers into smart contracts. This simplifies the development of decentralized applications (DApps) and enables more efficient execution of complex transactions involving Litecoin.

“Litecoin is trusted by millions. Now, with Wrapped Litecoin, these users can access Ethereum’s ecosystem seamlessly and confidently” – Xinxi Wang, Coinut

Wrapped Litecoin benefits include:

Cross-Chain Interoperability: allowing Litecoin users to engage with Ethereum-based applications and services. In bridging between the two blockchains, Wrapped Litecoin plays an important role in enhancing Litecoin’s utility;

Access to DeFi Applications & Services: giving Litecoin holders the ability to leverage their assets in ways not native to the Litecoin blockchain, like staking, lending/borrowing and yield farming;

Enhanced Liquidity: by allowing access to ‘Litecoin’ on ETH-based decentralized exchanges (DEXs).

Coinut has partnered with Fireblocks and Coinbase to utilize third-party services for safeguarding of crypto assets, with cold wallet storage (Coinbase) for enhanced security and hot wallet storage (Fireblocks) for efficient transactions. Throughout WLTC’s development, Coinut consulted with the Litecoin Foundation – a nonprofit organization dedicated to the adoption and development of Litecoin. The Foundation is supportive of projects that bring utility to the Litecoin ecosystem and is excited about what WLTC could bring to the future of Litecoin. Learn more about the Wrapped Litecoin project at www.WrappedLitecoin.org

Hashtag: #crypto #wrappedlitecoin #wltc #litecoin #ltc #coinut




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

About Coinut:

Founded in 2013, Coinut was one of the earliest cryptocurrency exchanges in Singapore. Coinut is recognized as an exempt financial entity under Singapore’s Payment Services Act and is also regulated as a Money Services Business in Canada and maintains VQF membership in Switzerland, ensuring compliance and security across its global operations.

Fostering Indigenous Language-Friendly Environments! United for the Preservation of Austronesian Languages in Kaohsiung City, Taiwan


TAIPEI, TAIWAN – Media OutReach Newswire – 12 November 2024 – The 2024 Austronesian Languages Revitalization Forum, organized by Taiwan’s Indigenous Languages Research and Development Foundation (ILRDF), centers on the theme of “Building Indigenous Language-Friendly Environments.” At the forum, representatives from various countries discussed strategies and measures to promote indigenous language-friendly environments, enhance language education, and encourage community involvement, all with the goal of raising societal awareness of indigenous languages and Austronesian cultures. Chairman Mayaw·Kumud of the ILRDF highlighted that the Austronesian languages spoken by the indigenous peoples in Taiwan and across the Pacific boast rich cultural resources. However, many of these Austronesian languages are struggling with a gradual death in the face of globalization and modernization.

Chairman Mayaw·Kumud of the Indigenous Languages Research and Development Foundation of Taiwan delivered his remarks.
Chairman Mayaw·Kumud of the Indigenous Languages Research and Development Foundation of Taiwan delivered his remarks.

This forum reflects a deep commitment to the sustainable development of Austronesian languages and cultures. Through international exchange, delegates, experts, and scholars from around the world shared successful experiences and explored effective language revitalization strategies. In addition, many participants delivered their speeches in their native languages. Meanwhile, to ensure understanding among those from different linguistic backgrounds, ILRDF arranged for simultaneous interpretation and live-streaming services in seven languages: Mandarin, English, Amis, Paiwan, Atayal, Bunun, and Sediq. This fully demonstrated the linguistic diversity and autonomy of Austronesian languages.

During the forum, local scholars and international experts, including members from New Zealand’s Te Mātāwai, an organization for Maori language revitalization, discussed strategies and measures for fostering indigenous language-friendly environments. The dialogue fostered connections and exchanges across islands. Furthermore, as the forum amplifies the influence of Austronesian languages, domestic and international partnerships are established to jointly promote language preservation and transmission.

Hashtag: #ILRDF

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

U.S. Election Shakes the Ringgit: Octa Broker’s Analysis


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 12 November 2024 – The recent U.S. presidential election and subsequent economic events have significantly impacted the Malaysian Ringgit (MYR), with the USDMYR exchange rate reaching a three-month high on Monday. Octa Broker’s financial market analyst, Kar Yong Ang, explains the reasons for the recent weakness in the Malaysian ringgit and provides short-term exchange rate projections.

U.S. Election Shakes the Ringgit: Octa Broker's Analysis

It has been a very tough week for the Malaysian ringgit as three major events—the U.S. presidential elections, the Federal Reserve (Fed) meeting, and the Bank Negara Malaysia (BNM) rate decision—were in the spotlight. Arguably, the most significant event was the election of Donald Trump as the next president of the United States. The U.S. dollar rallied across the board, pushing other major currencies down. Asian currencies were no exception, with Malaysian ringgit (MYR) losing some 1.4% in value on 6 November. The U.S. Dollar Index (DXY), which measures the strength of the U.S. dollar against a weighted basket of six major foreign currencies, gained 1.64% on that day. ‘Such a dramatic rise in the greenback’s value is explained by Trump’s official policies, or more precisely by the implied effect these policies are likely to have,’ says Kar Yong Ang, a financial market analyst at Octa Broker. ‘Generally, it all boils down to Trump’s tax, immigration, and trade policies, which differ greatly from what Harris proposed. The market perceives them as inflationary, which is why we saw a bullish impact in the U.S. dollar.’

Indeed, mass deportations of illegal immigrants may put upward pressure on wages, while introducing new tariffs may increase import costs. If, under these circumstances, U.S. nationwide inflation accelerates, the Fed will be forced to pursue a tighter monetary policy and keep the interest rates higher for longer. Although last Thursday, the Fed did cut the rates by 25 basis points (bps), as the market expected, Jerome Powell, the Fed’s chair, stressed that further steps would be more cautious and patient. ‘It remains to be seen whether Trump’s policies will have a long-term inflationary impact, but in any case, they will have no near-term impact on the U.S. monetary policy’, says Kar Yong Ang, a financial market analyst at Octa Broker.

Still, Trump’s trade policies carry a major risk for the Malaysian economy in the long term. Malaysia is an export-oriented economy with close links with both China and the United States. Trump’s proposal to introduce broad-based tariffs of 10–20% on all imports arriving in the country and a 60% tariff on Chinese goods would have a major negative impact on Malaysian economic growth. ‘Malaysia is an open economy and has a lot to lose if the U.S. turns protectionist and starts to engage in another trade war with China’, says Kar Yong Ang, a financial market analyst at Octa Broker. Indeed, World Bank estimates that approximately 40% of Malaysian jobs are linked to export activities. New tariffs will act as an external shock hitting the demand for Malaysian goods, slowing down its economy and potentially leading BNM to cut borrowing costs, which, in turn, may put additional upward pressure on USDMYR in the long term. ‘In the worst-case scenario of an all-out trade war between China and the U.S. and a 20% additional tariff on all Malaysian exports into the U.S., USDMYR can rise above the 4.800 level and may hit a critical 5.000 mark. However, I do not see that scenario happening, at least not in the short term’, says Kar Yong Ang, a financial market analyst at Octa Broker.

As things currently stand, the Malaysian economy is on a sound footing. Although the latest macroeconomic statistics have been somewhat disappointing—notably, the annual growth in industrial output slowed in September to 2.3% (vs 3.7% expected by the market), while exports declined by 0.3% (whereas the market expected to see a growth of 7.6%), the general trend is still relatively positive. Official estimates show that gross domestic product (GDP) likely expanded at a solid 5.3% rate in Q3. Although economic growth has slowed from the 5.9% growth rate recorded in Q2, it is still expanding at an impressive rate. Furthermore, as Kar Yong Ang notes: ‘the growth rate in Q2 was actually a bit of an outlier as it was the fastest rate in 18 months, due to exceptionally robust investment and higher household spending and exports’.

U.S. Election Shakes the Ringgit: Octa Broker's Analysis.

A healthy economic outlook is the primary reason why BNM decided to keep its key policy rate unchanged at 3% for the ninth consecutive time last Wednesday even though the annual inflation rate has now dropped to just 1.8%. In its post-meeting statement, Malaysia’s central bank cited a positive economic growth outlook and steady inflation but issued a warning about potential currency volatility. ‘The latest indicators point towards sustained strength in economic activity driven by resilient domestic expenditure and higher export activity’, it said in a statement.

Kar Yong Ang, a financial market analyst at Octa Broker, had this to say: ‘While BNM doesn’t prioritize currency stability, the prevailing financial market uncertainty has prompted the central bank to adopt a cautious approach. For instance, the bank acknowledged that the outcome of the U.S. elections could introduce increased volatility to the ringgit in the short term. However, I personally believe that USDMYR is unlikely to rise much above 4.50 as the narrowing interest rate differential between the U.S. and Malaysia remains a positive factor for the national currency’.Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

VinFast secures funding from Vingroup and Pham Nhat Vuong to build financial reserves and accelerate growth


HANOI, VIETNAM – Media OutReach Newswire – 12 November 2024 – On 12 November 2024, Vingroup, Vietnam’s largest private conglomerate, and its Chairman, Mr. Pham Nhat Vuong, announced a significant financial commitment to VinFast, the Vietnamese Nasdaq-listed electric vehicle maker. Vingroup plans to lend VinFast up to 35 trillion Vietnamese dong ($1.4 billion) by the end of 2026. Additionally, Mr. Vuong has personally pledged 50 trillion dong ($2.1 billion) in sponsorship. In a separate move, Vingroup will convert all existing loans, about 80 trillion dong ($3.3 billion), to VinFast Vietnam into dividend-entitled preferred shares.

VinFast has recently become the top-selling automotive brand in Vietnam and has achieved positive impressive results globally, affirming its potential and promising prospects for future growth.
VinFast has recently become the top-selling automotive brand in Vietnam and has achieved positive impressive results globally, affirming its potential and promising prospects for future growth.

The support plan is designed to provide VinFast with sufficient financial resources to fund operations, investments, and other obligations. The goal is to achieve the break-even point and cash flow balance by the end of 2026. However, VinFast remains committed to independently raising capital to meet its financial needs. The support from Vingroup and Mr. Vuong will be utilized only if these independent efforts do not reach the expectation.

VinFast has concluded its initial investment phase, which includes the operation of a 300,000-vehicle-per-year manufacturing plant in Cat Hai, Hai Phong. The Company has also completed research and development of its product line, and is shifting its distribution model from direct-to-consumer to dealership model. VinFast is now in its growth phase, focused on boosting sales across all markets and optimizing its cost structure.

Vingroup’s support agreement is based on a careful assessment of the potential impact on its cash flow and profitability. The goal is to maintain a balance between supporting VinFast and sustaining Vingroup’s own financial health. Once VinFast achieves profitability and financial independence, Vingroup expects to benefit from its investments.

By converting loans to VinFast totaling about 80 trillion dong into preferred equity shares of VinFast Vietnam, Vingroup aims to alleviate short-term financial pressure on the electric vehicle maker. This move will allow Vingroup to maintain its stake in VinFast through dividend rights and the option to convert preferred shares into common shares of VinFast Vietnam Manufacturing and Trading Company or interests in VinFast Singapore.

The new loan of up to 35 trillion Vietnamese dong will be funded through the Vingroup’s business activities, dividends from subsidiaries, and, if necessary, the strategic divestment of certain investments and subsidiaries at a fair market value.

Mr. Pham Nhat Vuong, as VinFast’s CEO and major shareholder, will personally sponsor 50 trillion Vietnamese dong. This personal commitment will not impact the interests of Vingroup or its shareholders.

A representative from Mr. Pham Nhat Vuong's office stated that the newly added financial support ensures sustainable and robust development for VinFast.
A representative from Mr. Pham Nhat Vuong’s office stated that the newly added financial support ensures sustainable and robust development for VinFast.

This support decision was made in light of VinFast recently becoming the top-selling automotive brand in Vietnam and achieving positive results in the global market, affirming its potential for future growth.

In Vietnam market, VinFast has delivered over 51,000 electric vehicles in the first ten months of the year. This achievement marks a significant milestone, as VinFast has surpassed foreign automakers and become the first electric vehicle manufacturer to outsell traditional gasoline-powered vehicles in the country after just over two years of transitioning to an all-electric lineup. Internationally, VinFast continues to expand its business in the U.S., Canada, and Europe, while rapidly penetrating new markets such as the Middle East, Indonesia, the Philippines, and India.

Mr. Nguyen Viet Quang, Vice Chairman of the Board of Directors and CEO of Vingroup, shared: “Vingroup is unwavering in our commitment to a sustainable future. This green vision guides every aspect of our operations. VinFast’s ascent to the top of Vietnam’s automotive market is a testament to our capabilities. This milestone propels us forward, fueling our ambition to accelerate growth. To realize our vision of smart, eco-friendly electric vehicles, Vingroup will continue to invest significantly in VinFast. Our goal is to solidify VinFast’s market leadership in Vietnam and contribute to the global shift towards electric mobility.”

A representative of Mr. Pham Nhat Vuong’s Office said: “With the passion to create a world-class Vietnamese electric car brand, Mr. Pham Nhat Vuong will allocate significant resources to propel VinFast’s advancement. The newly secured funding source provides VinFast with the necessary financial resources to achieve sustainable growth without relying on external capital. This strategic move enables VinFast to prioritize research and development, production, and business expansion.

With Vingroup and Mr. Pham Nhat Vuong as major shareholders and surging customer demand, VinFast is well-positioned to scale up production, optimize costs, and expand its market reach. This will solidify its business capabilities and attract additional investment, accelerating the transition to electric vehicles and making them accessible to a wider audience. VinFast currently offers 7 electric car models in Vietnam from mini-SUV to E-SUV, catering to various segments and budgets.

Hashtag: #VinFast #EVs #VF3 #VF5 #topmarket

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play EV manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, EMEA and Asia. Learn more at: