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Honouring Malaysia’s Rising Influence: ACES Awards 2024 Celebrate Leaders and Companies Shaping a Sustainable Future


BANGKOK, THAILAND – Media OutReach Newswire – 17 December 2024 – The ACES Awards 2024 spotlighted Malaysia’s remarkable strides in sustainability, innovation, and community empowerment, placing the nation firmly at the forefront of Asia’s evolving business landscape. With 110 Malaysian nominations among 682 entries from 17 countries—and ultimately 250 finalists—this year’s awards showcase the country’s growing influence, diversity, and drive toward responsible progress.

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

Among the leaders recognized, Dato’ Indera Mahmud Bin Mohd Nawawi, CEO of Yayasan Pahang, exemplifies visionary stewardship. His success in transforming Yayasan Pahang into a self-sustaining foundation has delivered far-reaching social and economic benefits for Pahang’s people—educational aid, healthcare support, elderly care, environmental projects, and more—while charting a course toward significant revenue growth.

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

Equally influential, community-centric organizations like Yayasan Bank Rakyat (YBR) and Sarawak Energy demonstrate how corporate missions can elevate entire populations. YBR’s focus on educational access and socio-economic uplift, as well as Sarawak Energy’s wide-ranging Corporate Social Responsibility (CSR) initiatives encompassing education, entrepreneurship, cultural preservation, and environmental restoration, underline how strategic outreach can open doors and transform lives.

Pos Malaysia Berhad’s Green Initiative Award and Air Selangor’s Sustainability Rising Star accolade illustrate how essential service providers can lead the charge in environmental responsibility. By committing to fleet electrification, waste reduction, and renewable energy, Pos Malaysia charts a greener logistical future, while Air Selangor’s long-term investments in water efficiency, climate resilience, and energy innovation ensure sustainable resource management for millions.

Healthcare also takes center stage through Subang Jaya Medical Centre’s groundbreaking community efforts. The hospital’s impactful campaigns, including its rural surgery initiatives and cervical cancer awareness programs, ensure that quality care transcends geographic and socio-economic boundaries.

Meanwhile, engineering and infrastructure enterprises are setting transformative examples. Dhaya Maju Infrastructure (Asia) Sdn Bhd, guided by Datuk Seri (Dr) Subramaniam Pillai, and Pacific Inter-Link Sdn Bhd’s global palm oil supply chain leadership, highlight the value of strategic growth, cutting-edge technologies, and robust ESG frameworks. Vista Infinity Development Sdn Bhd’s versatile contributions to infrastructure, national security, IT, education, and food security round out a list of forward-thinking companies committed to responsible development.

Together, these leaders and companies encapsulate the essence of Malaysia’s ascent: a cohesive vision that merges economic vitality, community well-being, and environmental stewardship. By intertwining innovation with responsibility, Malaysia’s ACES Award recipients chart a path that promises a sustainable, inclusive future for the region and beyond.

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.

Gorilla Announces Transformative Milestones, a $2 Billion Pipeline and Strong Growth Outlook Following Investor Webinar


London, United Kingdom – Newsfile Corp. – December 16, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) today shared key updates and milestones featured during its recent investor webinar. These updates underscore the Company’s strong momentum, strategic growth initiatives, and financial stability heading into 2025 and beyond.

Southeast Asia Success

Gorilla has secured a large smart education contract in Southeast Asia. The agreement is currently in the final stages of term discussions, further demonstrating Gorilla’s ability to deliver transformative solutions across critical industries.

Robust Backlog and 2025 Outlook

The Company is set to enter 2025 with a $93 million backlog, excluding additional projects and the Southeast Asia smart education contract. Gorilla projects revenue between $90 million and $100 million in 2025, supported by an EBITDA margin of 20-25%. This strong foundation positions Gorilla for sustainable multi-year growth.

BroadSat Partnership to Deliver Early Wins

Significant progress has been made in Gorilla’s partnership with Boston-based BroadSat. The collaboration is projected to generate $6 to $9 million in revenue within the first 12 months. As the partnership gains traction, annual revenues are expected to exceed $20 million. Both companies are actively bidding on projects exceeding $70 million, leveraging their combined expertise, to deliver innovative AI and connectivity solutions.

Future Growth Focus

Chairman and CEO Jay Chandan emphasized Gorilla’s forward-looking strategy, with a renewed focus on securing contracts that will drive growth in 2026 and beyond. “We are entering 2025 with a rock-solid foundation and an ambitious vision for the years ahead. From the United States, to EMEA to Asia, our strategy is clear: we are here to lead. To our shareholders, I say this: keep your eyes peeled – we are just getting started,” Chandan remarked during the session.

Expansion in the United States

Gorilla is actively bidding on a $70+ million U.S.-based project, alongside other business opportunities, as part of its commitment to expanding its footprint in this key market.

Growing Project Pipeline

With a growing pipeline of $2+ billion in opportunities spanning multiple years, Gorilla is positioned to deliver recurring revenue streams, that underpin its long-term growth strategy.

Share Buyback Program Update

To date, Gorilla has utilized $3.8 million of its $6 million authorized share buyback program. Discussions are underway to extend the program to $9 million, leveraging the Company’s healthy cash reserves and consistent cash generation.

Cash Flow Strength

Consistent cash flow generation enables Gorilla to maintain a strong financial position while supporting lending strategies and avoiding dilution.

Webinar Replay Available

Investors can access the full recording of the webinar with the following link: https://bit.ly/3ZTsMaC

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.

China’s Premium Tea Drink Brand in Kuala Lumpur Now – NAIXUE’s First Store in Malaysia Exceeded RM40,000 on its First Day


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 December 2024 – In December, China’s leading premium modern tea drink brand, NAIXUE, officially opened its first store at The Exchange TRX mall in Kuala Lumpur, Malaysia. Situated in a prime location on the concourse level of the mall, NAIXUE features a bright and cozy interior. During the opening, NAIXUE’s freshly-made tea drinks attracted a large crowd, with long lines forming outside as eager customers waited to try them.

China's Premium Tea Drink Brand in Kuala Lumpur Now - NAIXUE's First Store in Malaysia Exceeded RM40,000 on its First Day
China’s Premium Tea Drink Brand in Kuala Lumpur Now – NAIXUE’s First Store in Malaysia Exceeded RM40,000 on its First Day

NAIXUE ,the pioneer of the new tea drinking track and the first one to introduce fresh fruit tea as a core product, was founded in 2015, leading the launch of a dual category model of “tea drinks+soft European bread”. Focusing on a modern lifestyle centered on tea, NAIXUE has formed three major business segments: “Hand-made tea drinks”, “NAIXUE high quality original leaf tea”, and “Ready to drink bottled tea”, successfully created multiple phenomenal products such as “Baqi yu yougan”, “Yashixiang Treasure Tea”, “Longjing Trasure Tea”, and “PRO Triple Grape Oolong Tea-0 Cane Sugar.”

On June 30, 2021, NAIXUE was officially listed on the Hong Kong Stock Exchange, becoming the world’s first publicly listed tea drink brand. Until now, it has expanded to over 230 major cities worldwide, with around 1,800 stores and over 100 million members.

In October 2024, NAIXUE focused on “healthy tea drinks”, made a breakthrough in the tea drink industry by introducing its “No Added Sugar Fresh Fruit Teas” (cane sugar free; fructose syrup free; artificial sweeteners free; all sweetness naturally are derived from the fruits). NAIXUE also launched a new “Super Food + Health” formula, which will offer consumers healthier options and set a new benchmark for health-conscious evolution of the tea drink industry.

NAIXUE’s Healthy Tea Drinks and Bakery Receive Widespread Praise in Malaysia

At the Malaysia flagship store, NAIXUE continues to follow its signature “Tea & Bakery” dual-category model, offering a wide range of products. Popular items such as the “PRO Triple Grape Oolong Tea-0 Cane Sugar” (black grape + black goji berries), “PRO Triple Berry Jasmine Tea-0 Cane Sugar” (strawberry + raspberry + blueberry), and “PRO Kale Kiwi Chia Jasmine Tea-0 Cane Sugar” (kiwi + kale + chia seeds) have been widely loved by local consumers for its healthy and refreshing taste.

Upon the menu in Malaysia, NAIXUE bakery items make up over 40% of the offerings. Alongside many classic favorites that popular in China, like “Strawberry Magic Wand” and “Oreo Magic Wand”, there are also creative new products specially designed for Malaysia, including “Cheese Cream Horns” and “Matcha Cream Horns”. Local customers said, “NAIXUE’s fresh fruit teas, paired with bakery, are absolutely perfect afternoon tea combination, those offering a delightful aroma and taste.”

What is noteworthy is that all ingredients used at NAIXUE are halal-friendly, which fully respecting the local dietary preferences in Malaysia. Furthermore, NAIXUE features wireless charging stations at its tables. It is the first shop in the food and beverage industry which offer such a convenience in Malaysia. This thoughtful addition not only provides convenience to local consumers, but also showcases NAIXUE’s social responsibility.

During the opening, NAIXUE introduced limited-edition merchandise such as the “Malaysia Iconic Bag” (NAIXUE & Malaysian Green Canvas Bag) and soft toys. According to reports, NAIXUE hit a remarkable milestone of RM40,000 in revenue on the first day, quickly becoming one of the top tea drink brands in Malaysia. Additionally, discussions on social media like Facebook and Instagram related to the NAIXUE exceeded thousands of posts in a short period. Many fans shared photos of the store, its tea drinks, bakery products, and exclusive merchandise, enthusiastically promoting NAIXUE as personal brand ambassadors.

NAIXUE’s Global Expansion: Deep Layout in Southeast Asia & Set sail in Europe and the U.S.A

Adhering to the concept of “Beauty has its own power”, NAIXUE aims to become a “Global tea drink brand favorabled by customers”, and is committed to becoming an innovator and promoter of pushing tea culture to the world since its founding in 2015. NAIXUE has steadily expanded its international presence with in-depth market research and keen insights into diverse regions.

At present, NAIXUE has made significant inroads into the Southeast Asian market, with its brand presence continuing to expand. It has successfully opened multiple stores in prominent locations such as Thailand’s Emsphere, Central World, and One Bangkok malls, as well as Singapore’s Jewel Changi Airport. NAIXUE’s exceptional products and immersive tea drinks experiences have quickly become favorites among local consumers. Notably, the opening of NAIXUE’s flagship store in Central World, Thailand, was a major success, with the shop generating nearly 1 million Thai Baht in sales in just three days—setting a new sales record for the brand overseas.

The newly openning at The Exchange TRX in Malaysia marks another key milestone in NAIXUE’s international strategy, and injects further momentum into its global expansion efforts.

The Founder Peng Xin emphasized that it is the key timing for Chinese tea drink brands expanding internationally. NAIXUE invested heavily in its fully integrated smart management system and hardware infrastructure, which significantly enhanced the efficiency of overseas operations. “Our previous digital strategy has provided strong support for the development of overseas stores, which could maintain high efficiency to achieve rapid replication and stable production,” Peng Xin said.

According to sources, NAIXUE will continue to drive its international growth through a dual strategy of “direct-operated + franchised” stores—build a high-potential brand through direct sales and deepen the local market through franchising. In addition to its ongoing expansion in Southeast Asia, NAIXUE is set to open its first stores in Europe and the U.S.A. in the near future.

Featured Product – Fresh Fruit Tea
PRO Triple Grape Oolong Tea – 0 Cane Sugar (Black Grape + Black Goji Berries)
Contains grapes, black grapes, and black goji berries, packed with anthocyanins in one cup.

PRO Triple Berry Jasmine Tea – 0 Cane Sugar
Contains: strawberries, raspberries, blueberries- a trio of berries in one cup

PRO Kale Kiwi Chia Jasmine Tea – 0 Cane Sugar
Contains: Kale, Kiwi, and Chia – a light and refreshing cup

NAIXUE’s Signature – Fresh Fruit Tea Series
Orange Jasmine Tea
A classic and star product from NAIXUE, made with carefully selected premium juicy, plump oranges, paired with NAIXUE’s award-winning Jasmine tea.

PRO Cheese Cream Triple Berry Jasmine Tea
Made with fresh, tangy strawberries available year-round, paired with NAIXUE’s award-winning Jasmine tea and a light, creamy cheese milk foam.

PRO Cheese Cream Triple Grape Oolong Tea
Packed with juicy grape chunks! The grapes are carefully peeled and de-seeded by hand, preserving the large, high-quality fruit pieces. Paired with the refreshing and mellow Golden Peony tea.

Hashtag: #NAIXUE

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

AKAR DE NISSIM and Laabmilano Announce the Launch of the DAYA Collection

A Harmonious Fusion of Eastern Philosophy and Italian Design


SINGAPORE – Media OutReach Newswire – 16 December 2024 – AKAR DE NISSIM, the distinguished designer furnishing house renowned for its seamless blend of artisan traditions with contemporary designs and impeccable craftsmanship, is delighted to announce the launch of its latest collection, DAYA. Created in collaboration with Laabmilano, this collection epitomises Italian design, melding iconic forms, and poetic and historical vision, all while being inspired by the ancient principals of Feng Shui.

ANFRATTO Sofa - DAYA Collection
ANFRATTO Sofa – DAYA Collection

The pieces in the DAYA collection are meticulously crafted to inspire and evoke subconscious emotions, stimulating perceptions towards creativity, transitions, and the indefinite.

Designer Donatella Casiraghi, stated, “The union of Eastern and Western cultures makes the technological and spiritual aspects of design complementary and necessary for the pursuit of a life aiming to protect natural ecosystems.”

The DAYA collection incorporates elements that add a rich sensorial and textural dimension. A selection of luxurious leathers, enhances the sculptural forms and intricate details of each piece. Marble, with its ash-grey and beige tones veined in light and dark, emerges as a striking feature, providing a compelling visual contrast.

The collection also highlights Straw Marquetry inlay, crafted from natural straw stalks hand-dyed with alcohol-based colourants. Each stalk is meticulously split, flattened, and arranged into a precise geometric design–all by hand. The colour binds uniquely to the straw, creating a vibrant, translucent, and distinctive guilloché effect.

Stingray leather, also known as galuchat, is another iconic feature of AKAR DE NISSIM, pairing its unique texture with precious materials used in the furniture. Another AKAR DE NISSIM’s hallmark is lacquer craft, perfected over generations in Vietnam’s lacquer villages, lending refined simplicity and elegance to the brand’s timeless and iconic aesthetics.

AKAR DE NISSIM works closely with architects, Interior designers & fine furnishing distributors. To collaborate or find out more about this collection please visit this link or contact AKAR DE NISSIM at sales@akardenissim.com

Hashtag: #akardenissim #furniture #luxury #fusion #Dayacollection #laabmilano




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

Aesthetic Medicine & Surgery Conference & Exhibition (AMSC) Hong Kong Staunch Support from Around 1000 Medical Experts Worldwide

A New Chapter for Aesthetic Medicine and Surgery in Hong Kong


Connecting the Future: Bridging the Worlds of Aesthetic Medicine, Skin Health Management, Surgical Treatments & Anti-aging in The Greater Bay Area

HONG KONG SAR – Media OutReach Newswire – 16 December 2024 – Organized by the Allied Health Society for Asia Pacific and Deltus, Aesthetic Medicine & Surgery Conference & Exhibition (AMSC) Hong Kong was held on 16-17 December at Hong Kong Convention & Exhibition Center (HKCEC) Level 3. As the first and largest medical aesthetic event ever organized in Hong Kong which receives support from the Hong Kong SAR Government and the Tourism Board, this international conference and exhibition covers supporting and partnering units all around APAC region and the Greater Bay Area, providing a hub for industry excellence and networking opportunities. Mr. Sky Wong, Co-organiser of AMSCHK, Dr TingSong Lim, International Scientific Committee Chairman of AMSCHK, and Dr Jason Wong, Chairman of Across the Strait Platform, attended the opening ceremony, together bridging the worlds of aesthetic and anti-aging medicine and technologies in the Region.

AMSC

Mr. Sky Wong, Co-organiser of AMSCHK, mentioned, “As the first Aesthetic Medicine & Surgery Conference & Exhibition (AMSC) in Hong Kong, we have a dream: ‘Connecting the Future: Bridging the Worlds’. ‘Connecting the Future’ means that starting today, our plate can continue to build on our expertise and elevate our standards, while “Bridging the Worlds” means that everyone within the plate can interact and grow together, allowing each individual to shine and contribute.”

Dr TingSong Lim, International Scientific Committee Chairman of AMSCHK, mentioned, “Thanks to the staunch support of everyone, we have achieved great success for the Aesthetic Medicine & Surgery Conference & Exhibition (AMSC) Hong Kong. We always know that if we have a platform where we can all come together, share, and learn from each other, the industry will continue to grow better. I believe this is the first step, with many milestones and successes to come.”

Dr Jason Wong, Chairman of Across the Strait Platform, mentioned, “As the axis of Greater China, I am very happy to see the participation of professional professors and experts from the Mainland, Taiwan and Hong Kong here today. Over the past 10 years, technological development has advanced rapidly. Today’s AMSCHK has received support from different sectors, I look forward to more remarkable achievements in the fields of aesthetic medicine and anti-aging in the future.”

Strong Support from Over 100 Professionals, Doctors, and Industry Brands

Easily Connecting with the Globe

Hong Kong is in the heart of Asia, renowned internationally, and is one of China’s major cities. Leveraging its strong connections and alliances with global professionals, experts, and industry leaders in the medical aesthetic community, AMSCHK invited over 100 professional doctors and other affiliates from more than 20 countries and regions, including China, Malaysia, South Korea, Japan, Australia, Singapore and Thailand, and over 100 international sponsors to showcase their latest products and technologies, making it a prime opportunity for professional exchange and business growth. Highly respected professors who are remarkably influential to the research and standards of the aesthetic medicine field also shared their profound knowledge and experience. CME credits were available for Medical Professionals, creating a platform for professional education and academic exchange in Hong Kong. A total of over 150 industry brands and over 60 international exhibitors from all over the world participated in AMSCHK, attracting more than 1000 participants. Hong Kong Tourism Board also fully supports the Aesthetic Medicine & Surgery Conference & Exhibition (AMSC) Hong Kong, connecting the international and local participants.

Promoting the Development of the Aesthetic Medicine and Surgical Procedures Industry Chain in Hong Kong, Allowing Participants to Greatly Expand the International Network

AMSCHK strives to promote the development of the aesthetic medicine and surgical procedures industry chain in Hong Kong, enhancing professional academic standards. Exhibitors spanning all fields from filler, machines, to imaging system and medicine, hosted booths and symposiums to showcase their latest products and technologies. AMSCHK provides a golden opportunity for brand development events and long-term partnerships, letting all participants greatly expand the strong network of allies to maximize synergies and mutual benefits.

AMSCHK marks the introduction of an exciting new international conference and exhibition in Hong Kong that celebrates the collaborative spirit driving growth in the industry, which promises to expand and elevate Hong Kong’s vibrant and thriving medical and aesthetic sectors. By showcasing the power of collaborative knowledge sharing and innovation across regions, AMSCHK will become the leading platform in Bridging The Worlds of Aesthetic Medicine, Skin Health Management, Surgical Treatments & Anti-aging in The Greater Bay Area and beyond.

Hashtag: #AMSC #AMSCHK #AestheticMedicine #Amsc24

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

Visa Unveils 2025 Payment Trends, Shaping Vietnam’s Digital Landscape


HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 16 December 2024 – Visa, a global leader in digital payments, convened the Digital Future Forum 2024 in Hanoi, showcasing the latest payment trends and innovations shaping Vietnam’s digital landscape. This forum, part of Visa’s annual client appreciation event, underscored Visa’s commitment to driving Vietnam’s digital transformation, with a focus on AI’s role in enhancing security and personalizing customer experiences.

The Digital Future Forum highlighted the evolving preferences and behaviors of Vietnamese consumers. Increasingly drawn to international travel, luxury purchases, and digital transactions, Vietnamese consumers are part of a strong trend towards experiential consumption. According to Visa Business and Economic Insights based on VisaNet data, inbound tourist spending on luxury retail in Vietnam has grown by 168% since 2019. Outbound travelers prioritize enriching experiences, reflecting the need for tailored solutions. Vietnam’s stable inflation and projected GDP growth of 6.1% in 2024, rising to 6.5% annually from 2025-2030, further strengthen the digital payment landscape.

Image

Ms. Dung Dang, Visa Country Manager of Vietnam and Laos, said: “Vietnam’s digital payments landscape is experiencing tremendous momentum. We’re seeing significant increases in spending per active card, overseas spending, and contactless payments. Visa is dedicated to expanding digital financial services, enhancing payment experiences, and supporting Vietnam’s vision for a digitally connected society.”

Dr. Simon Baptist, Principal Economist, Visa Asia Pacific, added: ” Vietnam’s economy will yet again be one of Asia’s fastest-growing in 2025. As international supply chains become more complex, cross-border business will need to be agile. Visa is committed to innovative solutions that support this evolving landscape, helping businesses and consumers thrive in the digital economy.”

At the Digital Future Forum, Visa’s experts highlighted key trends set to redefine Vietnam’s payment landscape by 2025:

1. Real-Time and Account-to-Account Payments:
Consumers and businesses demand faster, more efficient payments. Visa Direct, a real-time push payments platform, facilitates quick, cost-effective transactions domestically and cross-border, including B2B and P2P payments.

2. Personalized Experiences:
Gen Z and Millennials seek personalized experiences. Visa’s Personalization Insights, an AI-powered solution, helps businesses create tailored offers and recommendations, driving customer loyalty and boosting conversion rates.

3. Enhanced Security:
With the rise of digital payments, security is paramount. Visa’s AI-powered Anti-Money Laundering AI enhances fraud detection and prevention, while tokenization reduces fraud risk by replacing sensitive card details with unique tokens.

Image

Ken Wong, Vice President, Head of Data Science, Visa Asia Pacific, said: “AI is crucial in shaping the future of payments in personalization and security. Visa’s investment in AI and data infrastructure aims to meet evolving needs, drive financial inclusion, and foster economic growth in Vietnam.”

Visa’s Digital Future Forum underscores its commitment to driving Vietnam’s digital economy forward. By embracing innovation, expanding personalized and secure payment experiences, and supporting the vision of a digitally connected society, Visa is poised to meet the evolving needs of both businesses and consumers. This strategic approach demonstrates Visa’s dedication to fostering growth, enhancing user experiences, and leveraging AI to secure and personalize the future of payments.

Hashtag: #Visa



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

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe economies that include everyone uplifts everyone everywhere and see access as foundational to the future of money movement. Learn more at .

Hong Kong City Art Fair and Youths & Children’s Art Exhibition

Young Artists from Hong Kong Promoting Love for Hong Kong and Building a Sustainable City

HONG KONG SAR – Media OutReach Newswire – 16 December 2024 – November 29 to December 1, 2024, the Hong Kong City Art Fair, organized by Art Life Foundation Co. and the Sino Art Creative & Extensive International Co., and co-organized by Top Consulting Company Limited (“Top Consulting”), made a grand return at the Mandarin Oriental Hotel, Hong Kong.

This year’s Hong Kong City Art Fair invited nearly 30 galleries to the fair, with the theme of “Collecting Art in the City”. Through the four major exhibition areas of “Gallery Collection”, “Young Artists from the Guangdong-Hong Kong-Macao Greater Bay Area”, “Brilliant Life Aesthetics” and “Magnificent Oriental Art”, it presented around 1,000 artworks from all over the world, highlighting the multi-dimensional relationship between contemporary and classical art, international and local perspectives, and nature and urban balances.

Youths and Children’s Art Exhibition
Painting the World
In this event, Top Consulting organized the “Hong Kong City Art Fair · Youths and Children’s Art Exhibition”, dedicated to showcasing the endless creativity and boundless potential of young artists and amateur art enthusiasts.

This exhibition brought together outstanding works from painters of different ages from all over the world, covering a variety of themes such as Hong Kong and the Greater Bay Area, natural landscapes, portraits and fantasy worlds. The painters expressed their beautiful vision of life, the world and the future through the vibrant colors, bold ideas and unique styles.

The competition attracted hundreds of young artists from mainland China, Hong Kong, Macau, Taiwan, as well as Italy, the United States, and Malaysia. There were a total of five age groups, and the entries were evaluated by leading professional panels in the art industry. Ultimately, 70 works were selected for exhibition at the Mandarin Oriental Hotel Hong Kong.

We encourage the audience to be immersed into the painters’ world, feel the beauty and wonder in their eyes and enjoyed the utter fascination and enchantment of art. Each work serves as a window into their inner world, reflecting their beautiful vision for life, the world and the future.

Among the young artists participating in the exhibition, representatives from Hong Kong shared their perspectives on their own works, promoting the unified theme of “Love Hong Kong.”

  • Julian, Hao Feng, Yang (14 years’ old), painter of “Hill, Sea, City”: “People around the world know that Hong Kong is an international city, but it also features stunning nature. My painting reflects the harmony between the modern city and the nature. As residents of Hong Kong, we should work together to build a sustainable city.”
  • Lo Tszching (13 years’ old), painter of “Magic Night”: “Who would have thought that in a prosperous city like Hong Kong, there are so many beautiful natural landscapes worth exploring!”
  • Lo Tsztung (12 years’ old), painter of “Encounter Myself at Dusk”: “Hong Kong is such an accommodating city. All roads lead to Rome! This city is full of vitality and hope, showcasing its beauty at any time of day. We must take good care of it!”
  • Hugo, Hao Lian, Ni (12 years’ old), painter of “Golden Hong Kong”: “I love color, and I adore Hong Kong at sunset. It’s a beautiful city with its skyline, ocean, and beaches. We all need to protect the things we love!”
  • Iris, Yihan, Zhou (11 years’ old), painter of “A Fast-paced Hong Kong in a Day”: “Hong Kong is a colorful city. I hope to capture people’s lives through my painting. The pace of life is fast, with many people crossing the road quickly and cars zipping by. Even during lunch at the pizza shop, both the waiters and the customers seem to be in a hurry.”
  • Lo Sum Yin (11 years’ old), painter of “Hong Kong in My Dream”: “I like to use a variety of bright, eye-catching colors to depict beautiful scenes, filling the entire painting with vitality and poetry. I hope this artwork inspires those who view it. I am captivated by the endless charm and infinite possibilities of Hong Kong.”
  • Isaac, Taichen, Chen (8 years’ old), creator of “Hong Kong and Me in 2910”: “In 2910, I enjoy the endless possibilities brought by technology in Hong Kong. The city is full of vitality and creativity, and I can freely shift between my real self and the version of me in the virtual world. Did you see it? I’m looking at you sideways!”
  • Isabelle, Qianyu, Chen (7 years’ old), painter of ” Bites of Hong Kong”: “I really love Hong Kong’s special snacks! When I grow up, I want to design buildings that resemble these delicacies, making Hong Kong a true place ‘Bites of Hong Kong’.”

This event attracted art lovers of all ages, enhancing public awareness of love for Hong Kong and appreciation for the local community and art. Through a variety of exhibitions and activities, it showcases the diversity of artistic works, inspires young people’s artistic enthusiasm, and encourages them to express themselves boldly while promoting the protection and love for their local community and the building and protecting a sustainable city.
Hashtag: #HongKongCityArtFair

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

Lao Government Sign USD 150 Million Agreement with Asian Development Bank for Four Projects

Lao Government Sign USD 150 Million Agreement with Asian Development Bank for Four Projects
Lao Government Sign USD 150 Million Agreement with Asian Development Bank for Four Projects

On 12 December, the Asian Development Bank (ADB) signed a loan and 16 agreements with the Lao government for a total of four projects, amounting to over USD 150 million. 

The first initiative targets poverty reduction and food insecurity while empowering women and enhancing resilience to health, economic, and climate risks. With a USD 32 million loan and a USD 6 million grant, this project lays the foundation for long-term improvements in the country’s rural communities.

Another project focuses on strengthening animal disease control, improving livestock value chains, and promoting livestock farming as a key commodity along border corridors. This effort, funded by a USD 42.9 million loan and a USD 12 million grant, seeks to boost agricultural productivity and expand trade opportunities in the region.

Addressing basic infrastructure needs, the Water Supply and Sanitation Improvement Sector Project will provide safe, reliable, and climate-resilient water and sanitation services throughout Laos. With a USD 50.3 million grant from ADB, this initiative aims to improve public health and living standards by ensuring equitable access to clean water and proper sanitation.

The Domestic Resource Mobilization Modernization Project focuses on updating government revenue collection systems. By introducing digital tools like e-invoicing and enhancing the capacity of tax officials, this project, supported by a USD 25 million loan, aims to improve fiscal management and boost efficiency in the country’s tax administration. Together, these projects represent a comprehensive approach to driving sustainable development and strengthening the economy of Laos.