Raising Over HK$300 Million for Strategic Development
HONG KONG SAR – Media OutReach Newswire – 13 December 2024 – International Genius Company (“IGC“, stock code: 0033.HK) is pleased to announce that, has successfully signed Subscription Agreement with independent third parties after trading hours on 12 December 2024. IGC has conditionally agreed to allot and issue 110,000,000 Subscription Shares at the Subscription Price of HK$2.75 per Subscription Share (same to the closing price as quoted on the Stock Exchange on the Subscription Agreement), estimated funding of approximately HK$302 million is intended to be used to support the Company’s strategic development and to replenish general operational funds.
If the Subscription Shares are fully subscribed, the Subscriber and its ultimate beneficial owner, Ms. Han Jia, will become Substantial Shareholder of IGC, holding approximately 16.46% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares and thus a Connected Person. The Subscription Price was negotiated on an arm’s length basis between the Company and the Subscriber and was determined with reference to the latest business performance and financial position of the Company etc., the Subscription price is same to closing price as quoted on the Stock Exchange on the Subscription Agreement, also a premium of approximately 9.56% to the average of the closing prices of approximately HK$2.51 per Share as quoted on the Stock Exchange for the last five consecutive trading days, indicates that the Subscribers have complete confidence in IGC.
To address the increasingly complex international environment and fluctuations in the capital markets, IGC believes it is necessary to collaborate with Shareholders who can provided stable and long-term companionship as the Company grows. Through equity financing, we aim to supply the Company’s operations with a more stable source of funding. Since the beginning of this year, IGC has been undergoing strategic transformation and is steadily moving forward towards becoming a provider of AI trading technology solutions. It has successfully acquired Deep Neural Computing Company Limited, a leading R&D and application company specializing in artificial intelligence, deep neural networks, distributed computing, and quantitative trading algorithms. IGC has since expanded its technology-driven investment management business. The Subscription would raise additional funds for the business development of the Company, strengthen the financial position, broaden the shareholder and capital base of the Company so as to facilitate its future development. Hashtag: #IGC #SubscriptionShares #AI
The issuer is solely responsible for the content of this announcement.
About International Genius Company
The International Genius Company (IGC, stock code: 0033. HK) is a Chinese-led AI trading technology solution provider. With top AI R&D capabilities and quantitative trading experience, IGC strives to combine advanced technology with market insights, and is working to redefine financial asset trading through AI. Based on cutting-edge technologies such as neural networks and distributed computing and massive data analysis capabilities, IGC provides customized one-stop scalable AI trading technology solutions for investment institutions, asset management companies, family offices, etc.
BANGKOK, THAILAND – Media OutReach Newswire – 13 December 2024 – The ACES Awards, organised by MORS, spotlight a dynamic spectrum of leaders and enterprises across Asia that exemplify the power of strategic innovation, sustainability, and community engagement. With a diverse array of honourees—from satellite communications in Brunei and financial services in Hong Kong, to renewable energy in the Maldives and coffee craftsmanship in Vietnam—this year’s recognitions affirm that placing sustainability and responsible growth at the heart of business drives new capabilities, stronger communities, and long-term resilience.
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.
In Brunei, two leaders in sustainability and innovation underscore the country’s steady ascent on the regional stage. Network Integrity Assurance Technologies (NIAT) Sdn. Bhd., a 100% locally owned company, has distinguished itself through cutting-edge satellite communications and geospatial solutions, coupled with IoT and AI integration that strengthen essential sectors like oil, gas, and government services. Similarly, Heidelberg Materials Butra Sdn Bhd, part of a global industry group, has been named one of Asia’s Most Influential Companies for its forward-looking sustainability commitments, successfully blending financial performance with environmental stewardship and employee well-being—an example that resonates throughout the building materials industry.
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.
Hong Kong’s honourees illustrate how visionary leadership can transform entire markets. Paul Lui, CEO of United Asia Finance Limited (UA), named an Outstanding Leader in Asia, has guided the company’s remarkable evolution into a trusted financial service provider, expanding its accessibility, convenience, and market reach through first-to-market online loan solutions. Joining him in recognition, Mr. Luk Hok Keung of Town Ray Holdings, awarded as one of Asia’s Most Inspiring Executives, has harnessed two decades of expertise to drive global innovation in electrothermic household appliances. Under his guidance, Town Ray’s robust patent portfolio, talent development, and ethical practices have secured its leadership position in a competitive international arena.
Across the Indian Ocean in the Maldives, State Electric Company Limited PLC (STELCO)—lauded as Industry Champions of the Year—highlights how sustainable energy solutions can power both national progress and environmental responsibility. Its ambitious renewable energy targets, extensive grid network, and integration of advanced technologies such as Solar PV and Battery Energy Storage Systems exemplify how bold commitments to green innovation can shape a nation’s future.
Vietnam’s honourees present a vibrant tapestry of brand excellence and workplace innovation. Highlands Coffee Joint Stock Company, celebrated as one of Asia’s Most Influential Companies, has built a strong regional presence through unwavering quality, authenticity, and a forward-looking approach to healthier, sustainable offerings. Meanwhile, Binh Tien Consumer Goods Manufacturing Limited Company (BITIS), earning the Inspiring Workplaces in Asia accolade, sets a benchmark for employee-centric innovation. Its “Happy BITIS” initiative not only fosters personal growth and well-being within the organisation, but also anchors the company’s success and longevity in the global footwear market.
In Nepal, Tim Gocher OBE of Dolma Impact Fund, recognised as one of Asia’s Most Inspiring Executives, demonstrates how directing capital and expertise into strategic sectors—technology, renewable energy, healthcare, and manufacturing—can yield significant social and environmental returns. His approach creates jobs, reduces greenhouse gas emissions, and nurtures local business ecosystems, showing that impact investing is both a growth strategy and a catalyst for meaningful change.
Finally, Sri Lanka’s Pee Bee Management Services (Pvt) Ltd., known for its “Flora Tissues” brand and celebrated as one of Asia’s Best Performing Companies, exemplifies how a commitment to innovation, sustainability, and consumer satisfaction can elevate a homegrown enterprise to industry leadership. By introducing eco-friendly products and expanding its portfolio with smart, responsible growth initiatives, Pee Bee embodies the spirit of continuous improvement that the ACES Awards champion.
Collectively, these winners reflect the breadth and depth of Asia’s thriving business ecosystem and its capacity to redefine what success means in a rapidly changing world. Their strategies—ranging from clean energy integration and advanced technology deployment to inclusive workforce development and ethical resource management—demonstrate that sustainable practices are not a constraint, but a springboard to new forms of innovation and expanded capabilities.
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.
Hong Kong Listed Companies with Increasing Focus on ESG Practices
Top Performing Companies Adopted Robust Governance Structure
HONG KONG SAR – Media OutReach Newswire – 12 December 2024 – Catherine Leung, Chairperson of the Chamber of Hong Kong Listed Companies (CHKLC) said at the Hong Kong Corporate Governance & ESG Excellence Awards 2024 (Awards) Gala Dinner tonight, “Hong Kong is at the stage of transition faced with most ever uncertainties. Opportunities still lie ahead for the city’s market capital, trade and logistics businesses, if we play it well.” Many local listed companies took no time to showcase their readiness. The 2024 Awards have received the highest number of entries with more companies making voluntary compliance with the best practices of Global Climate Change-related protocol and standards.
CHKLC’s General Committee members joined to congratulate the awardees with officiating guests, Mr Joseph Chan, Acting Secretary for the Financial Services and the Treasury (left 6, front row), and Dr Kelvin Wong, Chairman of the Securities and Futures Commission (left 5, front row)
The Awards 2024 include six-sub-groups – Hang Seng Index Constituent Companies (HSI), Hang Seng Composite Index Constituent Companies, Hang Seng China (Hong Kong-listed) 100 Index Constituent Companies, Weighted Voting Rights and Pre-revenue Companies, Others & GEM Companies, and Newly-listed Companies. Companies excelling in the areas of corporate governance or the ESG practices (environmental, social and governance) will be recognized.
It is interesting to note that the entries for the ESG Award Category this year have surpassed those for the Corporate Governance Award Category, underlying the rising prominence of ESG as a key corporate performance yardstick for local listed companies.
This year’s Awards have also witnessed entries from more diverse businesses – not only from the traditional industries such as real estate, financial services and manufacturers but also from the digital industries such as the artificial intelligence and social media as well as the advanced technology companies, highlighting the changing landscape of listed companies in Hong Kong.
Lenovo Group Ltd and Budweiser Brewing Company APAC Limited 1876 took away awards in both Corporate Governance and the ESG streams under the HSI category. Sino Land Company Limited 83 and China Resources Pharmaceutical Group Limited 3320 are winners in both awards under the Hang Seng China (Hong Kong-listed) 100 Index Constituent Companies category. This is a testament that local listed companies are putting emphasis on not only their corporate governance performance but also their ESG standards, at a time that sustainable business and green commitment will bring investment value to them (See Appendix 1 for full list of winners).
Judges commended the winning companies under the Corporate Governance Awards Category have adopted robust governance practices and structure fuelling their business growth and share prices. They have demonstrated their risk management and internal control system are in place and have shown readiness for board diversity, improved communication with shareholders and a clear dividend policy.
Winning companies under the ESG Award Category have also won the judges’ applause. All of them have adopted comprehensive ESG strategies. Some companies have even made voluntary compliance with the best practices of Global Climate Change-related protocol and standards and are committed to creating a roadmap for decarbonisation.
The Gala Dinner was graced by Dr Dennis Lo, the Vice-Chancellor Designate of the Chinese University of Hong Kong and the pioneer of the groundbreaking non-invasive prenatal testing, to deliver a speech. He spoke on his very own journey in life sciences and his vision for Hong Kong as a science and innovation hub. His sharing has truly inspired Hongkongers to create and seize opportunities in this challenging time.
The annual Awards Programme aims to establish a benchmark for the highest level of corporate governance and ESG of listed companies in Hong Kong. It encourages companies to come forward and showcase their policies, strategies and best practices in corporate governance and ESG, celebrate success and set an example for other companies to follow.
Vistra is the title sponsor of the Awards 2024 Gala Dinner. Mr Hailiang Zhang, Business Head and Regional Managing Director, Greater China of Vistra, said the company was pleased with the sponsorship, which aligns with the company’s focus on enhancing companies’ corporate governance, encouraging robust and effective decision-making through processes, practices, and policies, and promoting ESG practices that help businesses create value and achieve growth.
Appendix 1
Hong Kong Corporate Governance and ESG Excellence Awards 2024 Winners
Award of Excellence in Corporate Governance
Hang Seng Index Constituent Companies
« Budweiser Brewing Company APAC Limited (Stock Code: 1876)
« China Life Insurance Company Limited (Stock Code: 2628)
« Lenovo Group Limited (Stock Code: 992)
Hang Seng Composite Index Constituent Companies
« China Resources Pharmaceutical Group Limited (Stock Code: 3320)
« Sino Land Company Limited (Stock Code: 83)
Others & GEM Companies
« Blue Moon Group Holdings Limited (Stock Code: 6993)
Honourable Mention
« SF Real Estate Investment Trust (Stock Code: 2191)
Newly-listed Companies
« Hangzhou SF Intra-city Industrial Co., Ltd. (Stock Code: 9699)
Award of Excellence in ESG
Hang Seng Index Constituent Companies
« Budweiser Brewing Company APAC Limited (Stock Code: 1876)
« China Overseas Land & Investment Ltd. (Stock Code: 688)
« China Resources Beer (Holdings) Company Limited (Stock Code: 291)
« Henderson Land Development Company Limited (Stock Code: 12)
« Lenovo Group Limited (Stock Code: 992)
« Link Real Estate Investment Trust (Stock Code: 823)
Honourable Mention
« China Resources Power Holdings Company Limited (Stock Code: 836)
Hang Seng Composite Index Constituent Companies
« China Resources Pharmaceutical Group Limited (Stock Code: 3320)
« Sino Land Company Limited (Stock Code: 83)
« Yuexiu Property Company Limited (Stock Code: 123)
« Xtep International Holdings Limited (Stock Code: 1368)
Weighted Voting Rights and Pre-profit Companies
Honourable Mention
« XtalPi Holdings Limited (Stock Code: 2228)
Others & GEM Companies
« Allied Sustainability and Environmental Consultants Group Limited (Stock Code: 8320)
« Champion Real Estate Investment Trust (Stock Code: 2778)
« Hutchison Telecommunications Hong Kong Holdings Limited (Stock Code: 215)
« Yau Lee Holdings Limited (Stock Code: 406)
« Yuexiu Services Group Limited (Stock Code: 6626)
Honourable Mention
« Phoenix Media Investment (Holdings) Limited (Stock Code: 2008)
Newly-listed Companies
« Global New Material International Holdings Limited (Stock Code: 6616)
« Hangzhou SF Intra-city Industrial Co., Ltd. (Stock Code: 9699)
« Kuaishou Technology (Stock Code: 1024)
« ZJLD Group Inc (Stock Code: 6979)
*Note: Alphabetical listing by Company Name
Hashtag: #CHKLC
The issuer is solely responsible for the content of this announcement.
About the Chamber of Hong Kong Listed Companies (CHKLC)
Incorporated in September 2002, CHKLC is a non-profit organisation serving listed companies and other industry bodies in Hong Kong. The Chamber strives to promote sound corporate governance; function as an effective communication channel between listed companies and regulatory authorities; strengthen the linkage and foster cooperation among listed companies from Hong Kong and China and uphold Hong Kong’s position as an international financial and capital formation centre. Since 2007, the Chamber organises the annual “Hong Kong Corporate Governance and ESG Excellence Awards” jointly with the Hong Kong Baptist University to advocate best practices of corporate governance, ESG and recognize excellence (https://chklc.org/aboutus).
About the Centre for Corporate Governance & Financial Policy of Hong Kong Baptist University
The Centre aspires to be a “Centre of Excellence” on corporate governance in the region. It promotes quality policy and academic research on corporate governance and related financial policy issues covering Hong Kong, China and the Asia-Pacific economies, with the aim to improve the quality of corporate governance practices. Additionally, the Centre provides professional executive education activities to disseminate knowledge and advance the highest ideals of responsible business leadership. Through consultancy projects, the Centre also assists organizations to design, improve and assess their corporate governance systems and structures.
About the Hong Kong Corporate Governance and ESG Excellence Awards
The “Hong Kong Corporate Governance and ESG Excellence Awards” (formerly known as the “Hong Kong Corporate Governance Excellence Awards”) is conferred annually since 2007 by the Chamber of Hong Kong Listed Companies and the Centre for Corporate Governance and Financial Policy, Hong Kong Baptist University.
The Awards aim to foster the highest standards in corporate governance and ESG, business ethics and board leadership in Hong Kong, recognize excellence, showcase best practices and accomplishments, and thereby promote a strong culture in corporate governance and ESG.
The Hong Kong Corporate Governance and ESG Excellence Awards 2024 is sponsored by BDO Limited as ESG Awards cum Bronze Advisor. The Financial Services and the Treasury Bureau, Securities and Futures Commission, Hong Kong Exchanges and Clearing Limited, Hong Kong Institute of Chartered Public Accountants, and The Hong Kong Chinese Enterprises Association are the Supporting Organisations of the Awards. In addition, SWCS Group is Knowledge Partner, Hong Kong Economic Times is the Sole Chinese Media Sponsor; Metro Finance as the Exclusive Radio Partner; whereas irasia.com, CORPHUB, Quamnet and Wisdom Investor Relations are Online Media Partners.
Company to Submit Product Development Plan to Treat External Squamous Cell Carcinoma (SCC) in Horses
Toronto, Ontario and Philadelphia, Pennsylvania – Newsfile Corp. – December 12, 2024 – Medicus Pharma Ltd. (NASDAQ: MDCX) (TSXV: MDCX) (“Medicus” or the “Company”) is pleased to announce that its Investigational New Animal Drug (INAD File No.013880) has received Minor Use in Major Species Designation (“MUMS”) from the U.S. Food and Drug Administration (“FDA”) for its dissolvable Doxorubin-containing microneedle array (D-MNA) to treat external squamous cell carcinoma (SCC) in horses. The company received a notification from the FDA on December 9th 2024.
MUMS is a status similar to Orphan Drug status for human drugs. It entitles the company to an extended 7-year period of exclusive marketing following approval or conditional approval, provided that the company meets all requirements for maintaining the designation.
“In a relatively short period of time, we have made remarkable progress with the FDA in advancing the clinical development program of the veterinary application of our novel D-MNA patch in treating SCC in horses,” stated Dr. Raza Bokhari, Executive Chairman & CEO. “Developing a non-invasive treatment for equine SCC represents an untapped market opportunity that we are excited to pursue. The MUMS designation is an important catalyst to provide us a first mover advantage and also position us to possibly have a commercially viable product as early as 2026.”
Doxorubicin-containing microneedle array (D-MNA) is a patent protected dissovable transdermal patch with cellulose based microneedle arrays that are tip-loaded with doxorubicin. After application, the microneedles function by penetrating the strateum corneum layer of the skin, create a temporary microchannel, penetrate the tumor, dissolve and release doxorubicin into the target tumor, and eradicate the cancer cells.
Squamous Cell Carcinoma (SCC) in Horses
SCC is a mucocutaneous skin tumor in horses, primarily affecting adult or aged horses with white or partially white coats. Breeds like Appaloosa, Belgian, American Paint, and Pinto are particularly susceptible. SCC often develops in areas with minimal pigmentation and sparse hair, notably around mucous membranes. More specifically, tumors are mainly seen around the eyes, lips, nose, anus, and external genitalia. The overall incidence of SCC is 2-3% and recent estimates of the US horse population range from 6.6 to 7.25 million horses.
Current treatment includes surgery to remove the largest mass, cryotherapy of the smaller mass, and local injection of a chemotherapy drug. In some cases, a topical chemotherapeutic drug will be prescribed in the form of drops (tumors near the eye) or cream (tumors in other parts of body). Additionally, some horses are put on an oral drug called piroxicam that may slow the return of the cancerous cells.
About Medicus Pharma Ltd: Medicus Pharma Ltd. (NASDAQ: MDCX) (TSXV: MDCX) is a biotech/life sciences company focused on accelerating the clinical development programs of novel and disruptive therapeutics assets.
SkinJect Inc. a wholly owned subsidiary of Medicus Pharma Ltd, is a development stage, life sciences company focused on commercializing novel, non-invasive treatment for basal cell skin cancer using patented dissolvable microneedle patch to deliver chemotherapeutic agent to eradicate tumors cells. The Company has completed a phase 1 safety & tolerability study (SKNJCT-001) in March of 2021, which met its primary objective of safety and tolerability; the study also describes the efficacy of the investigational product D-MNA, with six (6) participants experiencing complete response on histological examination of the resected lesion. The Company submitted a Phase 2 IND clinical protocol to the FDA in January 2024 for a randomized, controlled, double-blind, multicenter clinical study (SKNJCT-003) that is expected to randomize up to 60 patients. The study is designed to evaluate the efficacy of two dose of two dose levels (100 and 200 ug) of D-MNA compared to placebo (P-MNA) in subjects with nodular BCC. Patient recruitment is currently underway in nine sites across the United States.
Cautionary Notice on Forward-Looking Statements
Certain information in this news release constitutes “forward-looking information” under applicable securities laws. “Forward-looking information” is defined as disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action and includes, without limitation, statements regarding the Company’s plans and expectations concerning, and future outcomes relating to, its product development plans and clinical development programs, including improvements thereto and the timing thereof, and approval from the FDA and the timing thereof. Forward-looking statements are often but not always, identified by the use of such terms as “may”, “might”, “will”, “will likely result”, “would”, “should”, “estimate”, “plan”, “project”, “forecast”, “intend”, “expect”, “anticipate”, “believe”, “seek”, “continue”, “target” or the negative and/or inverse of such terms or other similar expressions.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including those risk factors described in the Company’s public filings on SEDAR+ and on EDGAR, which may impact, among other things, the trading price and liquidity of the Company’s common shares. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect our expectations as of the date hereof, and thus are subject to change thereafter. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the Company’s long form prospectus accessible on the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The issuer is solely responsible for the content of this announcement.
Xanh SM, Indonesia’s first 100% electric ride-hailing service, has arrived in Jakarta, revolutionizing urban mobility with a sustainable transportation solution and setting a new standard for 5-star service.
JAKARTA, INDONESIA – Media OutReach Newswire – 12 December 2024 – Jakarta, a sprawling metropolis known for its relentless traffic and highly-polluted air, now bears witness to a quiet revolution. Amid the city’s ceaseless motion, a fleet of bright cyan taxis has begun to glide silently through its streets. Xanh SM has arrived—not just as a means of transportation, but as a promise of a cleaner, greener, and more refined urban future.
Xanh SM fleet has arrived in Jakarta. Photo: Xanh SM
This is more than a debut. For a city ranked among the most polluted in the world, it’s a glimpse of what sustainable living could feel like.
A Breath of Fresh Air in a Smoggy City
For those navigating Jakarta’s bustling streets, the hum of exhaust and the acrid stench of emissions are all too familiar. Official data reveals that transportation accounts for 44% of the city’s air pollution—a public health crisis that hangs heavy in the air.
Enter Xanh SM, a fleet of fully electric vehicles that emit zero pollution. Quiet, odorless, and refreshing, they stand in stark contrast to the usual cacophony of noise and fumes from gasoline-powered taxis. Imagine stepping into a taxi free from the odors and rumble of combustion engines. The air inside is pristine, the cabin tranquil, and the ride remarkably smooth. Whether you’re heading to work or unwinding after a long day, Xanh SM offers a new kind of comfort—a commute that’s both calming and efficient.
But beyond comfort, Xanh SM represents a broader ambition: contributing to Indonesia’s sustainability goals. By choosing Xanh SM, riders don’t just reach their destinations—they actively support a cleaner Jakarta. It’s a small act with profound implications, helping reshape a city long known for its gray haze.
5-Star Service: The Heart of Xanh SM
Xanh SM’s appeal isn’t just environmental; it’s about redefining commutes with 5-star service.
Gone are the days of rattling rides and less-than-stellar interiors. Every Xanh SM car is brand new, meticulously maintained, and designed for passenger comfort. The whisper-quiet hum of the electric motor creates a tranquil atmosphere, turning even the most chaotic commute into a peaceful journey.
The drivers are no ordinary chauffeurs. With its stringent driver training program, Xanh SM implements a thorough recruitment and training process, ensuring professionalism and 5-star service at every level. Supported by a 360-degree monitoring system, they prioritize safety and courtesy. Whether it’s a late-night ride or a morning rush-hour dash, passengers can trust Xanh SM to keep them secure.
One of Jakarta’s perennial challenges is ride availability during peak hours. Too often, commuters are left stranded, watching their plans unravel as they struggle to book a ride. Xanh SM promises to change that. Its operational efficiency, aided by an exemption from Jakarta’s odd-even traffic rule, ensures minimal waiting times—even during gridlock. Riders can trust that their Xanh SM taxi will arrive promptly, keeping their day on track.
Even booking reflects Xanh SM’s customer-first approach. The Xanh SM app makes securing a ride effortless, allowing passengers to track their journey in real time. Additionally, customers can directly hail a vibrant cyan taxi on the road if its green light is on, or simply call the hotline at 14068 for quick assistance. Either way, Xanh SM adapts to your schedule, not the other way around.
A Ride to Remember
Xanh SM is not simply a transport service; it’s about offering a better way to move—one that’s eco-friendly, luxurious, reliable, and accessible.
For commuters, this means a better experience from start to finish. No more squeezing into uncomfortable, noisy vehicles. No more uncertain waits or disappointing cancellations. Instead, you get a polished, customer-first approach: safe drivers, impeccable service, and the quiet luxury of electric travel. And with every ride, passengers contribute to a cleaner, quieter, and healthier Jakarta, replacing noise and pollution with peace and progress.
So, whether you’re commuting to work, exploring Jakarta’s vibrant streets, taking a safe ride with your family, or taking a break from the city’s relentless pace, Xanh SM is ready to take you there. Step inside and experience the future of urban mobility—green, seamless, and undeniably luxurious.
To experience Xanh SM’s electric taxi service, Jakarta residents can download the Xanh SM app, call the hotline 14068, or simply hail a taxi with a green-lit sign.
As part of its grand launch, Xanh SM is offering exciting promotions: two free rides per day from 12th to 17th December 2024, exclusively via the Xanh SM app. Hashtag: #XanhSM
The issuer is solely responsible for the content of this announcement.
PHU QUOC, VIETNAM – Media OutReach Newswire – 12 December 2024 – Boasting a comprehensive tourism ecosystem, Phu Quoc has been chosen by the prestigious Rixos brand to debut its concept of ‘luxury all-inclusive’ resorts in Southeast Asia. This milestone positions Pearl Island as a promising destination to attract high end visitors.
Time to catch the world-class art performances and fireworks 365 day a year in the Sun Paradise Land in Phu Quoc.
Visitors can find everything in Phu Quoc
Sun Group signed an agreement with Accor & Ennismore, a leading global hospitality management group, to bring the world-renowned luxury all-inclusive brand Rixos to Hon Thom island, Phu Quoc on December 5. It’s the Rixos’ first Southeast Asian destination.
Rixos introduces a revolutionary standard and concept in global hospitality – the ‘all-inclusive’ model. The brand’s resorts offer guests access to every personalised amenity, from accommodation to recreation, entertainment and relaxation. All are tailored to the highest standards of luxury. With a one-time package price, it is also known as a ‘worry-free vacation.’
Upon its launch, Rixos Phu Quoc is set to offer a comprehensive range of services. These include accommodation, diverse dining experiences across nearly 20 restaurants and bars and exclusive amenities such as a family-friendly beach area, multiple playgrounds, the Rixy Kids Club, swimming pools, outdoor recreational areas, fitness centres and spas.
Guests can also fully explore the Sun Paradise Land ecosystem in Phu Quoc, including visiting Sunset Town and Kiss Bridge, riding the world’s longest three-rope cable car, experiencing the thrills of Aquatopia Water Park at Sun World Hon Thom and taking time to catch world-class art performances.
Explaining why Phu Quoc was chosen as Rixos’ first Southeast Asian destination, Co-Chief Executive Officer at Ennismore, Gaurav Bhushan, said, “Rixos is synonymous with luxury, offering guests an unforgettable experience with its exceptional design and programming. The exclusive island of Phu Quoc is the perfect location to bring the Rixos all-inclusive experience to Asia for the first time, with its breath-taking landscape, sandy beaches and clear blue waters. As the only all-inclusive resort on the island, Rixos Phu Quoc will set a new standard inspired by local culture and Turkish influences, establishing itself as the ultimate luxury leisure escape.”
At the signing ceremony, many representatives of leading tourism brands also agree that Phu Quoc is an ideal destination to realise the potential of the ‘all-inclusive’ concept fully: “Depending on their preferences, visitors can find everything they desire in Phu Quoc.”.
CEO of KKday, Weichun Liu, a leading global online travel platform, highlighted: “Phu Quoc accommodates the luxury travel segment, family travel segment, as well as the millennial and Gen Z travel segment. I believe this is a destination you can revisit annually, with each visit offering fresh and unique experiences.”
Aspira Tower will be the next iconic building of Vietnam and expected to become a tourist “magnet” like the Burj al-Arab did for Dubai.
From ‘all-inclusive’ destination to ‘ultra-luxury’ island
Unlike the image of Phu Quoc in the early 2010s, when experiences were limited to swimming and enjoying seafood, Pearl Island has undergone a rapid transformation to take the lead and cater to all the new resort tourism trends. With the ‘all-inclusive’ concept, Phu Quoc is poised to attract high-spending and long-staying visitors.
The arrival of the Rixos brand is predicted to help the island open new flight routes, particularly from Gulf countries and Turkey, the brand’s birthplace and also the key markets home to world-class airlines and bustling international hubs like Dubai and Qatar.
Moreover, the ‘all-inclusive’ concept is expected to extend visitors’ stays on the island by offering a variety of attractions and activities to explore. This approach simplifies the booking process, as everything is included in a package. This convenience appeals particularly to business visitors with tight schedules who find it challenging to plan detailed itineraries.
Sun Group has also recently introduced some of the world’s most prestigious hospitality brands to Phu Quoc, including JW Marriott Phu Quoc Emerald Bay, La Festa Phu Quoc – Curio Collection by Hilton, The Luxury Collection and Ritz Carlton Reserve. On December 10, Sun Group hosted the breaking ground on the Aspira Tower in Hon Thom island with a total investment of US$512 million (VND13 trillion). It is expected to become ‘the world’s second sail tower in Southeast Asia.’ – a tourist “magnet” like the Burj al-Arab did for Dubai.
“Brands like Rixos and Crystal Bay, along with other international corporations arriving in the future, will redefine Phu Quoc’s image and strengthen its marketing appeal. I believe that within the next five years, the island will become a premier destination, gaining widespread fame and attracting numerous tourists,” Mehmet Kin, Vice President of Crystal Bay Group, said. Hashtag: #SunGroup
BANGKOK, THAILAND – Media OutReach Newswire – 12 December 2024 – Celebrating its 10th year, Chiang Mai Design Week 2024 (CMDW2024), organized by Thailand’s Creative Economy Agency (Public Organization), or CEA, has become a key platform for local creators, designers, artists, and craftsmen. It serves as a hub for talent showcases, knowledge exchange, and innovation, fostering meaningful collaborations among entrepreneurs, designers, and investors. These partnerships create new commercial opportunities while driving sustainable economic growth through the strategic use of local resources.
Chiang Mai Design Week 2024
Far from being a static event, Chiang Mai Design Week (CMDW) has continuously evolved, fostering diverse dynamics that have propelled Chiang Mai toward becoming a global City Branding icon as a hub of creativity. Recognized as a UNESCO Creative City of Crafts and Folk Art under the UNESCO Creative Cities Network (UCCN), Chiang Mai has also emerged as a center for design in Southeast Asia. The festival reflects the transformative power of design in driving societal, cultural, and economic development while promoting environmental sustainability. It has also inspired a significant homecoming movement, encouraging local talents to return and contribute to their hometown’s development. Over the past decade, Chiang Mai Design Week has undergone remarkable changes, creating a lasting impact across various dimensions:
1. From Local Festival to International Stage
Launched in 2014 through collaboration between the Thailand Creative and Design Center, or TCDC and local organizations, Chiang Mai Design Week began as a showcase for the city’s unique blend of traditional art and modern creativity. By 2015-2016, it introduced the creative market, workshops, and seminars, creating tangible networks and market opportunities.
From 2017 to 2019, the festival gained national and international recognition, featuring exhibitions by renowned designers and innovative integrations of technology with traditional craftsmanship. These efforts catered to global markets while preserving local cultural identity.
During the COVID-19 pandemic (2020–2021), the festival adapted its format to emphasize sustainability and environmentally conscious design. Initiatives like the HomeComing Creator project encouraged local talents to return and contribute to their communities. Exhibits such as “En.Light.En” brought together artists with connections to Chiang Mai and northern Thailand, fostering collaborations that revitalized local areas like Chang Moi and the Lanna Folklife Museum.
From Local Festival to International Stage
The festival also embraced music and performing arts, as seen in the International Street Music and Performing Arts Festival, which transformed local spaces into vibrant cultural hubs. Other initiatives included the Thai Local Coffee Festival, promoting sustainability in the coffee industry, and LABBfest, a live music event blending art and international cultural exchange.
Since 2022, the festival has aligned its activities with Chiang Mai’s status as a UNESCO Creative City of Crafts and Folk Art, forging partnerships with global creators and organizations. Notable initiatives include projects like “SANDBOX” from Moscow, which used film and animation as a developmental tool for children. The festival also featured lectures and workshops, alongside innovative events such as “MOSCOW EXPERTISE: VR/AR,” festivals and concerts in the Metaverse during and post-pandemic, presented by Russian VR artists, directors, producers, and festival curators. These initiatives underscore the festival’s role as a platform for cross-cultural exchange and innovation.
2. A Catalyst for Social, Economic, and Environmental Impact
Ms. Imhathai Kunjina, Director of the Creative Economy Agency (Chiang Mai Office), highlighted the significant positive impacts that Chiang Mai Design Week has generated across social, economic, and environmental dimensions.
“Over the past decade, Chiang Mai Design Week has driven meaningful change, raising awareness within local communities about the value of creativity and design in enhancing cultural assets. The festival has also established Chiang Mai as a destination for global travelers, showcasing vibrant creative spaces that go beyond traditional attractions. Today, Chiang Mai Design Week serves as the ‘mothership’ for annual creative events, inspiring other festivals to align their schedules, ensuring that the city becomes a hub of creative energy and diverse events during the same period. This synergy not only amplifies the city’s creative atmosphere but also offers tourists a truly unique and immersive experience.”
Ms. Imhathai Kunjina, Director of the Creative Economy Agency (Chiang Mai Office)
Economic Contributions: The festival’s economic impact has been profound, attracting increasing numbers of visitors from countries such as Taiwan, Japan, China, Singapore, Europe, and America. Over nine years, Chiang Mai Design Week has welcomed more than 1,022,869 attendees and generated over 5.36 billion THB in economic value for Northern Thailand (2018–2023). Additionally, it has revitalized historic buildings by drawing investors to renovate and repurpose them, transforming these spaces into thriving creative hubs and contributing to sustainable urban development.
Interdisciplinary Art Integration: The festival has fostered collaboration across disciplines, such as matching craft designers with emerging chefs to create unique and value-added products. Initiatives like the 2020 Homecoming Creator project have brought talented individuals back to their hometowns, reconnecting them with local communities. Moreover, events like the Chiang Mai Street Jazz Festival, featuring world-class jazz artist Igor Butman, have elevated the city’s reputation as a vibrant jazz hub. These achievements reflect the festival’s holistic approach to creative growth.
Environmental Sustainability: Chiang Mai Design Week has consistently prioritized sustainability, setting an example for eco-conscious practices. As Ms. Imhathai noted:
“The festival emphasizes ‘leading by example’ over ‘mandating actions.’ From the beginning, we encouraged creatives and architects to design reusable exhibition pavilions. In our 10th year, all pavilions are repurposed from the first festival. Informational signs are reused annually, and this year, over 95% of sign materials were replaced with recyclable options like corrugated cardboard instead of foam board, ensuring post-festival recyclability.”
Efforts to minimize environmental impact extend to reducing printed materials, utilizing solar-powered LED screens, and promoting green transportation. Since 2020, printed materials have been reduced by 30%—from 30,000 brochures and 150 booklets to 20,000 brochures in 2024—using eco-friendly paper. The festival also features electric tram shuttles and walkable event spaces, with bicycle services provided by Anywheel Co., encouraging sustainable mobility.
For vendors, we’ve organized training sessions on eco-friendly materials and sustainable practices, encouraging responsibility and adaptability for future sustainable business operations.”
Chiang Mai Design Week 2024, “SCALING LOCAL – Transforming Local to Global through Creativity, Technology, and Sustainability”
This year, Chiang Mai Design Week 2024 is set to take place under the theme “SCALING LOCAL: Creativity, Technology, and Sustainability – For Reviving Recovery.” The festival aims to elevate cultural assets and community resources to achieve global recognition while maintaining a focus on resilient community spaces that have thrived despite the challenges of COVID-19.
“Chiang Mai’s creative industries have grown significantly, showcasing the potential of local assets and talents nurtured over the years. To scale local creativity to the international stage, it is essential to integrate Creativity, Technology, And Sustainability—the three pillars that set the standard for festivals locally and globally. This year, we’re excited to welcome creators from neighboring northern provinces like Phrae, Nan, Lampang, and Sukhothai, demonstrating the festival’s decade-long influence in attracting regional creative talent,” explained Ms. Imhathai.
Chiang Mai Design Week 2024 will feature 6 activity categories with over 150 programs. Key highlights include:
Lanna Gastronomy Tourism Economy Exhibition: A sustainable culinary tourism showcase exploring Lanna cuisine while creating income opportunities for local communities.
Ready Set Old Exhibition: Reimagining Chiang Mai becoming the world’s 7th “Blue Zone” city for healthy aging, following in the footsteps of Okinawa (Japan), Sardinia (Italy), Nicoya (Costa Rica), Ikaria (Greece), Loma Linda (USA), and Singapore.
Super Slow Exhibition: Immerse yourself in the beauty of slowness through innovative art that promotes sustainable and mindful living in a fast-paced world.
Floral Wonders Exhibition: Showcase the potential of the local floral industry by merging creativity with technology, driving economic growth and job creation.
LABB.Fest 2024: Enjoy live music performances blending Thai and international artists. This platform facilitates creative exchanges between artists, music entrepreneurs, and promoters from Thailand, Malaysia, Myanmar, Hong Kong, Taiwan, Japan, and South Korea.
The Next Chapter for “Chiang Mai Design Week”: Towards Sustainable Global Recognition The future vision for Chiang Mai Design Week is to elevate its global prominence by fostering collaboration among designers, artists, entrepreneurs, and local and international networks. The festival aims to maintain high standards while adapting to urban trends and contexts to craft remarkable experiences for attendees and tourists. At the same time, it seeks to sustain interest among investors and sponsors for continued support.
“Chiang Mai Design Week is evolving towards a new standard that prioritizes not just aesthetics but the integration of creativity and environmental responsibility. This approach sets a benchmark for other creative festivals in Thailand, as seen in Chiang Rai and Phitsanulok, which have leveraged knowledge gained from the festival with support from CEA Chiang Mai. Looking ahead, the festival will shift its focus from audience quantity to quality, targeting visitors who actively engage and carry forward ideas inspired by the event,” explained Ms. Imhathai.
The ultimate goal is to establish Chiang Mai Design Week as a globally renowned festival that grows alongside the city’s holistic development. As a member of the World Design Week network, the festival reflects a decade of progress and potential. To secure a lasting global presence, the festival must uphold international standards, strengthen networks, and expand global outreach. Achieving this vision would position Chiang Mai Design Week as a cultural hallmark, akin to Milan Design Week, capable of attracting 100% investor interest.
Experience the transformative power of design at Chiang Mai Design Week 2024 (CMDW2024) under the theme “SCALING LOCAL” from December 7-15, 2024, across Chiang Mai’s old city areas, including the Three Kings Monument, Chang Moi, TCDC Chiang Mai, Thapae, and nearby districts like Hang Dong and San Kamphaeng.
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About Chiang Mai Design Week
Chiang Mai Design Week is an annual design festival hosted in Chiang Mai by the Creative Economy Agency (CEA), celebrating its 10th year (2015–2024). The festival serves as a dynamic platform for exchanging perspectives, experiences, and knowledge in design and creativity. It also fosters engagement through design, offering meaningful experiences to children, youth, communities, tourists, and enthusiasts alike. The festival features diverse activities, including exhibitions, talks, workshops, arts programs, and live performances, aimed at enhancing quality of life while infusing Chiang Mai with a vibrant, creative atmosphere. Events span iconic areas like Klang Wiang, rich in culture and local traditions, and Chang Moi–Tha Phae, home to TCDC Chiang Mai, a modern hub of design knowledge. In addition to these key districts, Chiang Mai Design Week also hosts programs in other significant areas throughout the city, offering visitors a fresh perspective on Chiang Mai and the chance to experience its unique creative spirit up close.
About Creative Economy Agency (Public Organization)
The Creative Economy Agency (Public Organization) or CEA was established on August 14, 2018, as an organization under the supervision of the Prime Minister’s Office to promote and develop the potential of the creative economy as a driving force towards a balanced and sustainable economy in the long term. One of CEA’s key missions is to establish creative economy districts by promoting and developing areas that foster a creative environment and encourage the growth of new businesses as well as aims to strengthen connections with surrounding communities. Additionally, CEA is responsible for promoting the growth of the creative industries by developing capabilities and linking networks, utilizing creativity as a tool to enhance businesses and improve the quality of life for the Thai people.
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