29.9 C
Vientiane
Monday, June 16, 2025
spot_img
Home Blog Page 1123

Osome Reports Over 25% Revenue Growth, Driven by Product and Operational Progress, Sets 2025 Roadmap for Sustainable Growth

  • Osome’s NPS has nearly tripled q-o-q, reflecting significant improvements in customer satisfaction and loyalty.
  • CAC improved by 35% in the past six months through optimized spending and effective utilization of attribution channels, driving growth in both demand generation and lead generation.
  • Osome strengthens its leadership team with the appointment of William Chong, as CFO, to drive financial strategy and performance.
  • Looking ahead to 2025, Osome is expanding its team with key roles in engineering, sales, product, partnerships, and R&D across Asia.
  • The company will deepen collaborations with leading global fintech partners such as Airwallex to drive brand marketing and product innovation in 2025.
  • By Q1, Osome will be launching a feature to simplify bank account opening for incorporation customers, in collaboration with partners such as Aspire.
  • Osome will strengthen its presence in Singapore and Hong Kong, with tailored solutions and support for startup entrepreneurs, SMEs, and consultancies.

SINGAPORE – Media OutReach Newswire – 19 December 2024 – Osome, the all-in-one fintech platform for business and financial management, today announced strong 25% revenue growth y-o-y and significant progress in operational efficiency, customer service, and bottom-line performance. The company also unveiled ambitious 2025 growth plans, focusing on product innovation, market expansion, and a clear path to profitability.

2024 operational efficiencies drive 2025 growth, deeper market penetration and customer focus

Osome has achieved over 25% y-o-y revenue growth and a 60% improvement in annualized EBITDA, reflecting efficiency gains and strong business momentum. The company has also made further progress toward profitability, reducing customer acquisition costs (CAC) by 35% through optimized spending and effective use of attribution channels, driving growth in both demand and lead generation.

“Osome is poised for significant growth in 2025. We’ve made meaningful strides in simplifying company incorporation and accounting, focusing on product innovation, operational efficiency, and improving the customer experience. While we’ve faced challenges, we are committed to evolving and improving, and delivering value to our customers. The numbers show we’re on the right path. In 2025, we will invest further in R&D, strengthen our presence in Singapore and Hong Kong, and drive long-term value through marketing and strategic partnerships,” said Victor Lysenko, CEO and Founder of Osome.

Notably, Osome’s Net Promoter Score (NPS) nearly tripled q-o-q, reflecting significant improvements in customer satisfaction and loyalty.

In 2025, Osome will strengthen its presence in Singapore and Hong Kong, with tailored solutions and support for startup entrepreneurs, SMEs, and consultancies. The company also plans to further invest in Chinese-language features and dedicated customer support, ensuring seamless access for Chinese-speaking entrepreneurs and SMEs and supporting their business expansion overseas. This initiative underscores Osome’s commitment to inclusivity and providing localized solutions that meet the diverse needs of its global customer base.

To support this vision, Osome has strengthened its leadership team with the appointment of seasoned industry veteran William Chong as CFO, effective November 2024. William will oversee financial strategy, drive performance, and identify growth opportunities. Prior to Osome, he served as Financial Director at Glints.

Product updates and 2025 roadmap: simplifying business and finance management

In 2024, Osome introduced two key features to simplify business setup and to strengthen the customer experience.

  1. Streamlined incorporation: Reduced setup time to as little as one day with a transparent, step-by-step process for signing, KYC, and status checking on the Osome platform, with optional expert support.
  1. Enhanced mobile app: Improved navigation, intuitive features, and a clearer document upload process. Customers can track bookkeeping, filing events, and upcoming deadlines, with in-app chat support for added accessibility.

Looking ahead to 2025, Osome will continue investing in research and development to further enhance its products and user experience. By Q1, Osome will be launching a feature to simplify bank account opening for incorporation customers, in collaboration with partners like Aspire, the all-in-one finance platform for modern business. This will provide seamless access to local and global multicurrency accounts, saving time and reducing complexity for entrepreneurs, especially those incorporating businesses remotely.

Osome remain focused on enabling customers to complete their business and finance workflows, with intuitive tools and seamless automation, and access to dedicated experts. These experts will continue to provide end-to-end support for compliance, onboarding, and post-incorporation services, including tax advice, accounting, and bookkeeping.

Double down on brand marketing and partnerships in 2025

In 2025, Osome will strengthen its brand marketing and strategic partnerships to expand reach and impact. The company will deepen collaborations with leading global fintech partners such as Airwallex to drive brand marketing and product innovation in 2025. Osome will also partner with influencers and affiliate networks to drive brand awareness and customer acquisition. These partnerships will simplify financial services access, particularly for customers seeking efficient bank account setup and scalable financial solutions.

2025: Sustainable growth and team expansion across Asia

From 2022 to 2023, Singapore has seen steady growth in company incorporations, with around 40,000 to 50,000 new company registrations annually, driven by the expansion of the tech, fintech, and digital economy sectors, supported by increasing foreign company registrations and the rise of digital and innovative industries.

Looking to 2025, Osome will expand its team across engineering, sales, product, partnerships, and R&D across Asia to support its next phase of sustainable growth. By driving operational efficiencies, launching innovative product features, enhancing customer experience, and forming strategic partnerships, Osome aims to accelerate sustainable growth across key markets. This approach will deliver seamless, scalable solutions that empower entrepreneurs and SMEs to achieve long-term success.

To date, Osome has supported over 30,000 companies and processed more than 1 million bookkeeping transactions with over $5.6 billion in value. In May 2024, Osome announced it had raised $17M in Series B extension, reinforcing its commitment to driving sustainable growth and innovation.
Hashtag: #osome #business #technology #fintech #SME #startup


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

About Osome

Osome was founded to champion entrepreneurs and empower SMEs, helping them bring their ideas to life by simplifying and streamlining the essential processes that drive their businesses forward.

Osome is an all-in-one fintech platform that simplifies business and financial management for entrepreneurs and SMEs. By combining advanced technology with trusted expert support, Osome offers seamless business and finance solutions for incorporations, bookkeeping, payroll, and accounting—all accessible through a single platform and mobile app. Designed to innovate, automate and simplify complex processes for entrepreneurs and SMEs, Osome empowers businesses to focus on growth while staying in control of their finances.

Features like Osome’s Streamlined Incorporation allow anyone, anywhere in the world, to incorporate their company in as little as one day. Founded in 2017 and headquartered in Singapore, Osome has supported over 30,000 companies and processed more than 1 million bookkeeping transactions with over $5.6 billion in value.

For more information, please visit .

Honoring Excellence: The Philippines’ Pioneering Achievements at ACES Awards 2024


BANGKOK, THAILAND – Media OutReach Newswire – 19 December 2024 – At the ACES Awards 2024, leading organizations from the Philippines distinguished themselves through visionary sustainable practices and transformative innovation. With 138 nominations—among 682 entries spanning 17 countries and 41 industries—the Philippines reinforced its position as a rising force in Asia, setting new benchmarks for corporate responsibility and community-driven progress.

Recognising Leadership Excellence: 59 outstanding business leaders and enterprises were awarded for their exemplary leadership, on Day 2 of the ACES Awards 2024, setting new benchmarks in innovation, governance, and corporate responsibility.
Recognising Leadership Excellence: 59 outstanding business leaders and enterprises were awarded for their exemplary leadership, on Day 2 of the ACES Awards 2024, setting new benchmarks in innovation, governance, and corporate responsibility.

Takeda Healthcare Philippines, Inc. (THPI) exemplifies this ethos. Recognized for its inspiring workplace culture, Takeda empowers employees through flexible work policies, comprehensive benefits, and professional growth opportunities. Its emphasis on diversity and inclusion, paired with pioneering patient-centered initiatives, highlights how well-being, ethical leadership, and impactful partnerships can converge to reshape the healthcare landscape.

Honouring Excellence in Sustainability: 34 visionary companies and businesses were celebrated on day 1 of the ACES Awards 2024, for their remarkable commitment to championing sustainability, driving meaningful impact across Asia at the ACES Awards 2024.
Honouring Excellence in Sustainability: 34 visionary companies and businesses were celebrated on day 1 of the ACES Awards 2024, for their remarkable commitment to championing sustainability, driving meaningful impact across Asia at the ACES Awards 2024.

The Bank of the Philippine Islands (BPI), a three-time Top Sustainability Advocates in Asia awardee, further underscores the nation’s commitment to responsible growth. By integrating sustainability into its core operations—offering green bonds, financing renewable energy projects, and phasing out coal power generation—BPI is guiding the financial sector toward a more inclusive and climate-conscious future.

Cebu Landmasters, Inc. (CLI), honored as a Sustainability Rising Star, illuminates the power of thoughtful urban development. Its eco-friendly construction, affordable housing projects, and community-building efforts showcase how mindful infrastructure investments can nurture resilient, thriving communities across the Visayas and Mindanao regions.

Similarly, BDO Unibank, Inc. demonstrates how integrating environmental and social safeguards can redefine financial services. From pioneering renewable energy financing and combating carbon emissions to extending banking access to underserved communities and empowering grassroots development, BDO’s approach exemplifies the strength of inclusive, values-driven growth.

Ayala Land Inc., lauded as one of Asia’s Top Green Companies, brings sustainability to the heart of real estate. Its net-zero carbon commitment, renewable energy conversions, and carbon forest initiatives prove that environmental stewardship and robust profitability can harmoniously coexist, benefitting both business and society.

Together, these Philippine champions at the ACES Awards illustrate a cohesive narrative of a nation embracing responsibility, resilience, and innovation. By weaving sustainability into their core strategies and championing inclusive growth, these companies are elevating the Philippines’ global profile and forging a path toward a more sustainable, prosperous, and dynamic Asian future.
Hashtag: #ACESAwards2024 #RegionalRecognition #leadershipexcellence #Sustainability #SustainableCompanies #responsibleleaders #outstandingentrepreneurs

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

About ACES Awards

The ACES Awards, organized by MORS Group, recognize and celebrate the region’s most exemplary leaders, companies, and initiatives. By spotlighting transformative approaches to leadership and corporate excellence, the awards inspire continued innovation, promote sustainable practices, and encourage inclusive growth throughout Asia’s diverse and dynamic business ecosystem.

First Phosphate Signs Long-term Offtake Agreements and Pursues Interest from Financial Partner


Saguenay, Quebec – Newsfile Corp. – December 18, 2024 – First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that, yesterday, the Company signed two long-term offtake agreements with creditworthy offtake partners (the “Purchasers”) with respect to its future productions to take place in Saguenay-Lac-St-Jean, Quebec, Canada, thereby de-risking its future projects and enhancing their prospective financing.

In addition, the Company is now entering the next phase of discussions with the Pekuakamiulnuatsh First Nation (the “First Nation”) regarding a possible financial involvement in the Company, as provided for in the collaboration agreement signed by the First Nation and the Company on April 9, 2024.

“We congratulate First Phosphate on this offtake agreement,” says Pekuakamiulnuatsh First Nation Chief, Gilbert Dominique. “It is with optimism that we welcome the achievement of this important milestone, and we look forward to pursuing the next stage of our discussions with First Phosphate.”

“First Phosphate is achieving its goals as it continues to build a trusting relationship with the First Nation which is committed to supporting the development of the project in a way that respects its values,” says John Passalacqua, CEO of First Phosphate.

The definitive terms of the offtake agreements shall be finalized in separate agreements to be entered into between the parties. The agreements contain termination rights by the Purchasers if the first delivery of product is not made by a certain date unless the parties agree to an extension as well as other normal course termination provisions. The commencement of the industrial operations proposed by the Company are subject to a number of conditions, including permitting and financing which the Company continues to work towards diligently.

Pekuakamiulnuatsh First Nation Chief, Gilbert Dominique and First Phosphate CEO, John Passalacqua signing the Collaboration Agreement on April 9, 2024

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/234295_164f708984a5981c_001full.jpg

April 9, 2024: Collaboration Agreement between Pekuakamiulnuatsh First Nation and First Phosphate
https://firstphosphate.com/pekuakamiulnuatsh-first-nation-and-first-phosphate-announce-collaboration-agreement

Qualified Person

The scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).

About Pekuakamiulnuatsh First Nation

Pekuakamiulnuatsh Takuhikan is the political and administrative organization that represents the Pekuakamiulnuatsh Nation. The Pekuakamiulnuatsh Nation has 10,840 members, many of whom live in the community of Mashteuiatsh, on the bank of the Pekuakami (Lac Saint-Jean). Mashteuiatsh (which means “there where the point can be found”), is a historical place of meeting.

About First Phosphate Corp.

First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in a responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate is owner and developer of the Bégin-Lamarche Property in Saguenay-Lac-St-Jean, Quebec, Canada that consists of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of harmful concentrations of deleterious elements.

For additional information, please contact:

Armand MacKenzie
Vice President, Government Relations
armand@firstphosphate.com
Tel: +1 (514) 618-5289

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; the Company’s plans for vertical integration into North American supply chains; a possible future financial involvement of Pekuakamiulnuatsh First Nation; the entering into of definitive offtake agreements; the intended phosphate concentrate production at the Bégin-Lamarche property and its intended downstream merchant grade phosphoric acid production, de-risking of the future projects and enhancement of their prospective financing; and the design, build, operation and maintenance of a phosphoric acid manufacturing plant.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, and include, but are not limited to, the various assumptions set forth herein and in the Company’s public disclosure record including the short form base prospectus dated June 5, 2024, as well as: the Company having sufficient working capital and ability to secure additional funding necessary for the funding of the exploration of the Company’s property interest and the proposed phosphoric acid manufacturing plant; the economic feasibility of a phosphoric acid manufacturing plant; there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company’s expectations including with respect to the anticipated timeline for the commencement of the offtake arrangements; the accuracy of the current mineral resource estimates for the Company and MGA production estimates; inflation and prices for project inputs being approximately consistent with anticipated levels; the Company’s relationship with Pekuakamiulnuatsh First Nation and other Indigenous parties remaining consistent with the Company’s expectations; and the Company and the Pekuakamiulnuatsh First Nation’s mutual interest and ability to engage and complete future financing activities.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. The factors and assumptions set out above are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Management Discussion and Analysis dated October 23, 2024 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

About First Phosphate Corp.

Gorilla Technology Announces Completion of Preferred Share Conversion, Eliminating Overhang and Strengthening Capital Position


London, United Kingdom – Newsfile Corp. – December 18, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), today announced the successful completion of the conversion of its preferred shares, marking a pivotal moment in the company’s capital structure. This milestone effectively eliminates any overhang associated with the preferred shares, providing clarity and a strengthened foundation for future growth.

The completion of the conversion’s underscores confidence in Gorilla’s long-term potential and removes any lingering dilution concerns, benefiting all shareholders. With no further preferred share overhang, Gorilla is now better positioned to execute on its ambitious growth plans while focusing on building long-term value.

Positioned for Strategic, Non-Dilutive Growth

The company reaffirms its commitment to pursuing non-dilutive funding options for working capital, particularly for its large-scale, high-impact projects. With a stronger and clearer capital structure, Gorilla is prioritising cash flow generation and strategic capital deployment to accelerate growth while safeguarding shareholder value.

As part of its broader strategy, Gorilla is also focused on optimising capital through the release of cash from real estate and other assets, enabling the company to redeploy resources toward high-value opportunities.

Shareholder Value Creation

Gorilla’s leadership continues to believe the company’s shares are significantly undervalued relative to its strong pipeline and market potential. The active share repurchase programme remains a key component of Gorilla’s commitment to enhancing shareholder value.

Jay Chandan, Chairman & CEO of Gorilla Technology, commented: “The completion of our preferred share conversions marks the end of a necessary phase in our journey and removes any perceived overhang in the market. This milestone clears the path for a stronger, more transparent capital structure as we continue to execute on our growth strategy. Our focus remains on building long-term value, pursuing non-dilutive funding and leveraging our repurchase programme to reflect our confidence in Gorilla’s future.”

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about the capabilities of our GPU offering, our ability to deliver products at competitive prices, our ability to service our customers, the growth of the Smart City market, the capabilities of our third party vendors, our ability to attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Investor Relations Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

About Gorilla Technology Group Inc.

Dusit Hotels and Resorts welcomes the high season with two exciting openings

  • Dusit Princess Chiang Mai reopens with a fresh new look, enhanced guest experiences, and participation in the ‘Get Ready for Northern Tourism Campaign.
  • dusitD2 Fagu, Shimla, the first Dusit-branded hotel in India, makes its debut in the Himalayas.

BANGKOK, THAILAND – Media OutReach Newswire – 18 December 2024 – Dusit Hotels and Resorts, under Dusit International, one of Thailand’s leading hotel and property development companies, is welcoming the peak travel season with the opening of two exciting properties: Dusit Princess Chiang Mai in Thailand and dusitD2 Fagu, Shimla, the first Dusit-branded hotel in India.

Dusit Princess Chiang Mai showcases a vibrant new look and enhanced guest experiences, perfectly capturing the timeless charm and cultural essence of northern Thailand.
Dusit Princess Chiang Mai showcases a vibrant new look and enhanced guest experiences, perfectly capturing the timeless charm and cultural essence of northern Thailand.

Located in the heart of Chiang Mai on Chang Klan Road, just steps from iconic landmarks such as Wat Chedi Luang and the renowned Night Bazaar, the upper-midscale Dusit Princess Chiang Mai provides an ideal base for exploring this vibrant northern city.

Following a comprehensive three-year transformation, the well-known property reopened earlier this month with a fresh new look and elevated guest experiences that highlight the timeless charm of northern Thailand.

Key enhancements include redesigned guestrooms, inspired by local traditions and crafted for comfort and functionality, along with upgraded facilities tailored to meet the needs of modern travellers. These include state-of-the-art meeting spaces, a serene pool area, a well-equipped gym, and a revitalised lobby that reflects the elegance of Lanna culture.

The hotel’s dining offerings have also been elevated, with Jasmine Restaurant delivering a culinary journey through Chinese and Cantonese cuisine, and the newly introduced Casa Verde serving a vibrant mix of international and Asian favourites alongside Mexican-inspired delights.

To support the local community, Dusit Princess Chiang Mai is participating in the Tourism Authority of Thailand’s “Nuea… Phrom Tiew” (Get Ready for Northern Tourism) campaign. Designed to revitalise tourism following recent flooding in the region, the initiative offers special discounts for domestic travellers who register via the official campaign website.

Outside Thailand, Dusit Hotels and Resorts has officially re-entered India with the opening of dusitD2 Fagu, Shimla, which welcomed its first guests on 15 December 2024.

Set amidst the majestic Himalayas, just 20 kilometres from Shimla—the capital and largest city of Himachal Pradesh—dusitD2 Fagu offers a serene escape for luxury travellers, health enthusiasts, and adventure seekers alike.

The upscale retreat features 80 elegantly designed guestrooms, ranging from 38 to 86 square metres, all with breathtaking views of the surrounding valleys and mountains. Guests can enjoy a variety of facilities, including the region’s largest temperature-controlled swimming pool and the signature Namm Spa, which offers authentic Thai massage therapies and wellness treatments.

The hotel is also set to become a premier venue for events, with versatile function spaces including the region’s largest banquet hall, an expansive terrace lawn, and the only outdoor amphitheatre in the area.

Dining options include Dusit Gourmet, which serves a variety of international dishes for all-day dining, and SOI, specialising in authentic Thai and Pan-Asian cuisine.

Shimla Airport is just an 80-minute drive away, while Chandigarh Airport, with daily flights from major cities such as Delhi, Mumbai, and Bangalore, is reachable in four-and-a-half hours. The hotel is also only 18 kilometres from Kalka Railway Station, seven kilometres from Kufri, and 133 kilometres from Chandigarh.

Guests at dusitD2 Fagu can easily explore nearby attractions such as Mahasu Peak, which offers breathtaking views of the Badrinath and Kedarnath ranges, and the UNESCO-listed Shimla-Kalka Toy Train, a narrow-gauge railway that traverses a stunning mountainous route from Kalka to Shimla.

“We are thrilled to expand Dusit’s footprint into India with the opening of dusitD2 Fagu, Shimla, our very first hotel in this vibrant and diverse country,” said Gilles Cretallaz, Chief Operating Officer, Dusit International. “India represents an important market for Dusit, and we have high expectations for its development potential, with four additional properties already in the pipeline and more expected to follow soon. At the same time, we remain committed to enhancing our presence in beloved destinations such as Chiang Mai, where we are proud to unveil the new-look Dusit Princess Chiang Mai. These openings reflect our dedication to delivering unique, localised experiences that celebrate the culture and charm of each destination, while consistently providing the Thai-inspired gracious hospitality that defines Dusit. As we grow, we look forward to creating enduring value for our guests, communities, and partners alike.”

Dusit’s portfolio currently includes 301 properties operating across 19 countries, including 57 properties under Dusit Hotels and Resorts and 244 luxury villas under Elite Havens, the leading provider of luxury villa rentals in Asia.

For more information about the new hotels and opening offers, please visit: dusit.com/dusitd2-fagu and dusit.com/dusitprincess-chiangmai.

Hashtag: #dusitinternational

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

About Dusit International

Established in 1948, or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services.

Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification.

For more information, please visit

About Dusit Hotels and Resorts

is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide.

For more information, please visit

Blue Cross and Public Bank Sign Agreement on Bancassurance Partnership


HONG KONG SAR – Media OutReach Newswire – 18 December 2024 – Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) and Public Bank (Hong Kong) Limited (“Public Bank”) today announced and signed a bancassurance agreement. Customers of Public Bank can now purchase two selected insurance products “TravelSafe Plus” and “HomeSafe Protection Insurance” offered by Blue Cross, through the bank’s branch network and website.

Mr. Chong Yam Kiang, Executive Director & Chief Executive of Public Bank (left) and Ms. Bonnie Tse, Chief Executive Officer of Blue Cross (right) announce the bancassurance partnership.
Mr. Chong Yam Kiang, Executive Director & Chief Executive of Public Bank (left) and Ms. Bonnie Tse, Chief Executive Officer of Blue Cross (right) announce the bancassurance partnership.

Rooted in Hong Kong for decades, Blue Cross and Public Bank share a common vision of providing innovative, high-quality solutions and services to customers. Blue Cross has rich experience in general insurance and has a leading digital platform to provide fast, safe and reliable insurance service experience. Public Bank has a huge customer base. This bancassurance partnership combines the huge resources, industry expertise and service network of both parties, and will surely exert synergy to provide customers with more timely, convenient and comprehensive living protection.

Key features of selected insurance products:

TravelSafe Plus Worldwide medical expenses benefit and personal accident benefit up to HK$1,200,000 each; coverage for trip cancellation, interruption and travel delay, and 24-hour worldwide emergency aid services.
HomeSafe Protection Insurance A host of combined protection benefits that cover household content up to HK$1,200,000, personal belongings and third-party liability.

Disclaimers:

  • This press release is for distribution in Hong Kong only. The distribution of this press release is not and shall not be construed as an offer to sell or a solicitation to buy or a provision of any insurance product outside Hong Kong.
  • Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of AIA Group Limited. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.

Hashtag: #BlueCross

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

Blue Cross (Asia-Pacific) Insurance Limited

Blue Cross (Asia-Pacific) Insurance Limited (“Blue Cross”) is a subsidiary of AIA Group Limited. With over 50 years of operational experience in the insurance industry, Blue Cross provides a comprehensive range of products and services including medical, travel and general insurance, which cater to the needs of both individual and corporate customers. Blue Cross distributes its products through various channels, including AIA agency force, online platform, direct sales, BEA network, insurance agents and brokers, as well as travel agencies.

In 2023, Blue Cross is assigned financial strength rating of A+ (stable outlook) and issuer credit rating of A+ (stable outlook) by S&P Global Ratings.

Public Bank (Hong Kong) Limited

Public Bank (Hong Kong) Limited (“Public Bank (Hong Kong)” or the “Bank”) is a commercial bank registered under the Banking Ordinance of Hong Kong and under the supervision of the Hong Kong Monetary Authority (“HKMA”). For more details, please visit .

Xanh SM launches electric taxi service in Indonesia


JAKARTA, INDONESIA – Media OutReach Newswire – 18 December 2024 – PT Xanh SM Green And Smart Mobility has officially launched its electric taxi service, Xanh SM, in Indonesia. Indonesia is the third Southeast Asian country to welcome Xanh SM, following Vietnam and Laos. This milestone solidifies the company’s role as a trailblazer in bringing innovative green mobility solutions to the world under its “Go Green Global” strategy.

The Global CEO of GSM (fourth from the right), the CEO VinFast Asia (fourth from the left), along with representatives from the government, the embassy, and other guests, participated in the launch ceremony of the Xanh SM electric taxi service in Indonesia.
The Global CEO of GSM (fourth from the right), the CEO VinFast Asia (fourth from the left), along with representatives from the government, the embassy, and other guests, participated in the launch ceremony of the Xanh SM electric taxi service in Indonesia.

The grand opening ceremony in Jakarta was attended by Dr. Riyatno – Indonesian Deputy of Investment Climate Development / Ministry of Investment and Downstream / BKPM, Mr. Ta Van Thong – Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Viet Nam to Indonesia, Mr. Denny Abdi – Ambassador Extraordinary and Plenipotentiary of The Republic of Indonesia to Vietnam, Mr. Tatan Rustandi – Secretary of Directorate General of Land Transportation / Ministry of Transportation, representative of the city government, representatives of the Embassies of Laos, Uzbekistan, Timor-Leste, Serbia, India, and Sri Lanka in Indonesia, and nearly 100 of Xanh SM’s strategic partners.

Vietnam’s first all-electric taxi company will begin operations in Indonesia, strategically positioned to meet the surging travel demand during the New Year 2025 season. Xanh SM is committed to delivering a 5-star mobility experience through its “5 Green Promises” implemented across all markets: Green Means Excellent Experience, Green Means Professional Drivers, Green Means High-Quality Vehicles, Green Means Affordable Pricing, and Green Means Environmental Care.

The entire fleet consists of VinFast Limogreen electric cars, offering emission-free, noise-free, and fuel-odor-free rides. This ensures that every trip is comfortable, safe, and environmentally friendly. As a pioneer in the electric taxi industry, Xanh SM is well-positioned to establish standards of quality and reliability in Indonesia’s bustling ride-hailing market.

By leveraging a modern fleet of electric vehicles and a well-trained team of professional drivers, Xanh SM will contribute to Indonesia’s transition to electric transportation, while elevating service quality standards within the regional ride-hailing industry.

Mr. Nguyen Van Thanh, Global CEO of GSM, shared: “Indonesia is an incredibly exciting market, where the shift toward green and smart mobility solutions is accelerating. Indonesia’s clear commitment to achieving Net Zero by 2060 aligns seamlessly with our mission to lead the global electrification of transportation. We believe Xanh SM will provide Indonesian people with a premium transportation experience while also spark a larger movement towards green mobility worldwide, creating a sustainable future for all.”

Speaking at the event, Dr. Riyatno, Indonesia’s Deputy of Investment Climate Development / Ministry of Investment and Downstream / BKPM, shared: “As we work to accelerate the transition to clean energy, services like this play a pivotal role in reducing emissions, improving air quality, and contributing to the broader objectives of a sustainable, low-carbon economy. I am confident that this launch will inspire more investments in the green economy, creating opportunities for innovation, job creation, and a better quality of life for all Indonesians. The work does not stop here—this is just the beginning, and I look forward to seeing how Xanh SM’s electric ride-hailing service will continue to grow and contribute to the broader goal of building a robust and resilient green economy for Indonesia.”

Mr. Ta Van Thong – Ambassador of Vietnam to Indonesia, shared: “We hope that the two-way trade between Vietnam and Indonesia will reach 15 billion USD, and our leaders have set a new target of 18 billion USD to achieve in a couple of years to come. The participation of VinFast, Xanh SM will definitely contribute to that goal. There are strong interests from Vietnamese companies to do business in Indonesia. I think Indonesia is a good land and birds flock to the good land. I hope that with the success of VinFast and Xanh SM, many Vietnamese businesses will follow to come to Indonesia to contribute to the prosperous development of Indonesia”.

To experience the future of electric mobility, Indonesian customers can download the Xanh SM app (https://xanhsm.onelink.me/3eCA/vwd4pqri) on the iOS App Store or Android Google Play; call the hotline at 14068; hail a taxi with a green light on the street or at public parking locations in Jakarta. To celebrate its arrival, Xanh SM is offering chances to try out a more innovative, greener way to travel via a 30% discount (up to IDR 50,000) for two rides per day, valid for five days from the 18th to 22nd of December 2024. This allows Jakarta customers to enjoy the pioneering electric taxi service with a modern, smart ride-hailing app.

Since its launch in Vietnam in April 2023, Xanh SM has quickly risen as a leader in regional green transportation. The expansion into Indonesia marks a significant step forward, reinforcing its vision to “Go Green Global” and cementing its status as a beacon of innovation and sustainability in the industry.

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

About Xanh SM

Xanh SM is a pioneer in all-electric transportation, offering a high-tech and sustainable mobility ecosystem proudly rooted in Vietnam. With a bold vision, Xanh SM strives to accelerate the world’s green, sustainable transportation transformation, playing a pivotal role in safeguarding the planet for generations to come.

HKSTP Bringing Largest Ever Delegation of Hong Kong Tech to CES 2025 Highlighting Latest Solutions to Global Challenges

Homegrown tech companies sprawling influence and scouting international opportunities while offering a glimpse into the next steps of Global Booster


HONG KONG SAR – Media OutReach Newswire – 18 December 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP), in serial to the Innovation Mixer initiative and in parallel to the preparation of the second cohort of the Global Booster Programme: United States 2025, is set to introduce an unprecedented delegation of 45 tech companies to the Consumer Electronics Show (CES) 2025 in January.

Representatives of participating tech companies at CES 2025 and HKSTP shared achievements and aspirations ahead. (From left) Fever Chu, Co-founder of Zence Object; Turzo Bose, Co-founder and CEO of Vidi Labs; Dr Edward Mak, Founder and CEO of Vista InnoTech; Derek Chim, Head of Startup Ecosystem and Development of HKSTP; Ray Lok, Founder and CEO of Full Nature Farms; and Prof Chea-su Kee, Co-founder of GOOD Vision and team.
Representatives of participating tech companies at CES 2025 and HKSTP shared achievements and aspirations ahead. (From left) Fever Chu, Co-founder of Zence Object; Turzo Bose, Co-founder and CEO of Vidi Labs; Dr Edward Mak, Founder and CEO of Vista InnoTech; Derek Chim, Head of Startup Ecosystem and Development of HKSTP; Ray Lok, Founder and CEO of Full Nature Farms; and Prof Chea-su Kee, Co-founder of GOOD Vision and team.

In partnership with the Hong Kong Trade Development Council (HKTDC) and supported by the Hong Kong Electronics Industries Association (HKEIA), the delegation spans its presence at the Hong Kong Tech Pavilion across Eureka Park and Global Pavilion, under five industry fields wrapping around advanced electronics, green- and life tech, and more, for tech companies to draw traction from industry leaders, venture capitals, and R&D institutions, while demonstrating Hong Kong’s efforts in encouraging talent development and technological advancement.

Three among the participating units were recently named CES Innovation Award 2025 Honourees in recognition of their outstanding design and engineering of the technology products. Rocket 2.0, a smart irrigation system developed by Full Nature Farms won in the Sustainability & Energy/Power category; Seekr, an AI wearable from Vidi Labs with the needs of the visually-impaired and the elderly community in mind was recognised in Accessibility & AgeTech; and a 3-axis Micro Gimbal Stabiliser, the smallest of its kind that was introduced by Vista InnoTech won in Imaging.

Derek Chim, Head of Startup Ecosystem and Development of HKSTP, said: “It is gratifying to introduce to the world up-and-coming startups and their breakthrough technology, with the potential to have far-reaching positive impact. Our mission at HKSTP is to provide promising startups resources in gaining a firm footing on the global stage. We welcomed over 6,000 visitors at CES 2024 that’s gotten us numerous business leads, we believe it’s truly reflecting Hong Kong’s capabilities in nurturing a dynamic I&T ecosystem.”

Expedition outreaching markets overseas extended beyond tradeshow participation. The first batch of Global Booster Programme were launched following CES 2024, where five Hong Kong startups showing potential were selected for a rigorous six-month training and business development opportunities in Silicon Valley that led to over US$15 million secured. The next phase of the Programme is underway in setting the scene for startups to engagement with the international I&T landscape and the outlook of achievements.

Consumer Electronics Show (CES) 2025

Date: 7 to 10 January 2025
Venue: Las Vegas Convention Center, Las Vegas, US
Booth No.: 63001, Level 1, Hall G, Venetian Expo, Eureka Park
50832, Level 2, Hall A, Venetian Expo, Global Pavilion

For up-to-date information about the Hong Kong Tech Pavilion at CES, please visit: www.ces.tech.

Appendix 1: List of 51 tech companies and institute at Hong Kong Tech Pavilion including 6 non-HKSTP tech companies and institute (in alphabetical order)

No. Company Name Booth Location
1 Aiilog Limited Global Pavilion
2 Ailytics Limited Eureka Park
3 AiShang Mobility (Hong Kong) Limited Eureka Park
4 Applied Technology Group Limited Global Pavilion
5 AutoKeybo Limited Eureka Park
6 Bioenergy Resources Research Centre Limited (BRRC) ^ Eureka Park
7 Braillic Limited Eureka Park
8 Carnot Innovations Limited Global Pavilion
9 Creations Un Limited ^ Global Pavilion
10 Dawnflow Limited Eureka Park
11 Easenory Technology Limited Eureka Park
12 Epago Technologies Limited Eureka Park
13 Expando World Limited Eureka Park
14 FreightAmigo Services Limited Global Pavilion
15 Full Nature Farms (Hong Kong) Limited * Global Pavilion
16 GOOD Vision Technologies Co., Limited Eureka Park
17 GOOVision Technology Co. Ltd Eureka Park
18 Guardian Glow Limited Eureka Park
19 HairCoSys Limited Global Pavilion
20 Hitrons Intelligence Limited Eureka Park
21 Hong Kong Industrial Artificial Intelligence & Robotics Centre (FLAIR) Eureka Park
22 HongKong Umedia Limited Global Pavilion​
23 i2Cool Limited Eureka Park
24 iCombo Tech Company Limited ^ Eureka Park
25 Immune Materials Limited (IML) Eureka Park
26 Incus Company Limited Global Pavilion
27 InsightRT Limited Eureka Park
28 Kim Dai AI Technology Limited Global Pavilion​
29 MEMS Drive Hong Kong Limited Global Pavilion​
30 Meridian Innovation Limited Global Pavilion
31 Nano and Advanced Materials Institute Limited (NAMI) Global Pavilion​
32 On-us Company Limited Global Pavilion​
33 OOley Care Company Limited Eureka Park
34 PharmCare Technology Limited Eureka Park
35 Point Fit Technology Limited Eureka Park
36 PREN Limited ^ Eureka Park
37 Reunite Limited Eureka Park
38 Robocore Technology Limited Global Pavilion
39 SHAKE Limited Eureka Park
40 Sitan Semiconductor International Co. Limited Eureka Park
41 SmartLedgers Limited Eureka Park
42 Solos Technology Limited Global Pavilion
43 TG0 Limited Eureka Park
44 The Hong Kong Polytechnic University (PolyU) ^ Global Pavilion
45 ThingX Technologies Limited Eureka Park
46 Universpirit Innovation Limited Eureka Park
47 Vidi Labs Limited * Eureka Park
48 VisionDrop AI Limited Eureka Park
49 Vista InnoTech Limited (VIT) * Global Pavilion
50 Vizzle Limited ^ Eureka Park
51 Zence Object Technology Global Pavilion

Note:

  • Winners of CES Innovation Awards 2025 marked with (*).
  • Non-HKSTP park companies marked with (^).

Hashtag: #HKSTP #CES2025

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

Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,000 technology companies from 25 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.

Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined..

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.

Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.

More information about HKSTP is available at .