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SEAS unveils DigiLeap: AI-driven Decarbonisation Platform for Businesses supported by KPMG

  • DigiLeap is a first-of-its-kind AI-driven platform connecting over 200 enterprises, including financial institutions and technology providers, to expedite Singapore and ASEAN’s transition to net-zero.
  • Utilising advanced AI algorithms, DigiLeap customises matches between green projects and decarbonisation solutions, enhancing access to sustainable financing and innovative technologies.
  • Aligned with COP29 priorities, DigiLeap drives impactful climate action across key sectors such as energy, construction, and real estate, fostering substantial environmental progress in Singapore.

SINGAPORE – Media OutReach Newswire – 20 November 2024 – The Sustainable Energy Association of Singapore (SEAS) is proud to announce the launch of DigiLeap, a pioneering artificial intelligence (AI)-powered platform set to revolutionise the decarbonisation landscape. Developed with KPMG in Singapore as SEAS’ knowledge and technical partner, DigiLeap emerges as the first-of-its-kind sustainability services and solutions marketplace. At the Singapore Pavilion during COP29, SEAS also announced the platform’s regional access, significantly enhancing its reach and impact. This innovative tool leverages advanced AI matchmaking to bridge the investment gap, effectively connecting solution seekers with providers for sustainability and decarbonisation initiatives. By aligning with COP29 priorities and focusing on mobilising climate finance for actionable green projects, DigiLeap enhances precision, efficiency, and scalability in matching projects with the right partners. Currently, it hosts over 10 green projects and facilitates connections among more than 200 enterprises across ASEAN, positioning itself for rapid expansion to support thousands of projects and accelerate the region’s transition to net-zero.

KPMG, as the technical and knowledge partner, supported SEAS in designing and developing the DigiLeap platform, which is equipped with advanced AI capabilities to connect solution seekers with solution providers, accelerating the region’s green transition. This platform fosters a unified, data-sharing environment, increasing accessibility to both green technologies and sustainable financing solutions. It empowers businesses to accelerate climate action by providing streamlined, direct access to cutting-edge decarbonisation solutions and funding resources, ultimately accelerating Singapore’s progress toward net-zero commitments. KPMG also leveraged its extensive network to introduce strategic partners and stakeholders to significantly expand DigiLeap’s ecosystem and enhance its global reach.

The DigiLeap initiative has received support from Enterprise Singapore (ESG) and Asian Development Bank (ADB). SEAS has separately onboarded SGTech, Global Compact Network Singapore (GCNS), Singapore International Chamber of Commerce (SICC), National Trade Union Congress (NTUC) and the Singapore Business Federation (SBF), along with various key financial and academic institutions as partner organisations. These organisations will actively support collaboration and resource sharing on DigiLeap to advance sustainability efforts, with a potential influx of business participation expected by end-2025, amplifying its collective impact.

Focusing on sustainable and decarbonisation projects valued below US$10 million, DigiLeap targets key areas such as renewable energy and smart grid technology, industrial decarbonisation, and green construction and real estate. These initiatives advance cleaner power solutions, target waste reduction and resource efficiency, and foster green building technology and energy-efficient infrastructure.

Kavita Gandhi, Executive Director of Sustainable Energy Association of Singapore (SEAS) said: “The DigiLeap platform is essential in transforming climate ambitions into actionable decarbonisation for Singapore companies. Aligned with Singapore’s commitment to net-zero emissions by 2050, DigiLeap is a vital marketplace enabling businesses seeking solutions to connect with providers of advanced and scalable solutions, creating a seamless and innovative environment for sustainable progress. The platform fosters an environment where Singapore companies, both established and emerging, can play a definitive role in creating eco-solutions together.”

Sharad Somani, Partner and Head of ESG Consulting, KPMG in Singapore said: “DigiLeap addresses critical barriers companies face in their sustainability journeys, including access to proven technological solutions, innovate green financing and effective programme management – particularly for smaller-scale sustainability projects. By leveraging advanced AI and sophisticated project-matching algorithms, the platform aligns with COP29’s climate finance goals by empowering businesses with direct access to renewable energy solutions, technological propositions, and alternative financing options. DigiLeap embodies the shared commitment to making decarbonisation accessible, measurable and transformative for businesses.”

DigiLeap also offers features such as stakeholder mapping, a networking hub designed to support the development and scaling of green projects. Furthermore, the platform provides learning and development resources to equip businesses with the necessary tools to adopt sustainable practices and contribute effectively to global climate action.

For more information on DigiLeap, please refer to the fact sheet.

Hashtag: #SEAS #KPMG

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

About KPMG in Singapore

KPMG in Singapore is part of a global organisation of independent professional services firms providing Audit, Tax and Advisory services. We operate in 143 countries and territories with more than 273,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

For more detail about our structure, please visit kpmg.com/governance.

For more information, visit kpmg.com.sg

LinkedIn: linkedin.com/company/kpmg-singapore

About SEAS

The Sustainable Energy Association of Singapore (SEAS) represents the interests and provides a common platform for companies in Renewable Energy, Energy Efficiency, and Financial Institutions to meet, discuss, collaborate and undertake viable projects together. The Association is a non-profit, non-government business association, and its mission is to assist its members in achieving sustainable growth locally and regionally through business development, market development, as well as training and learning platforms. SEAS plays a strategic role in aiding the realisation of Singapore’s vision; to be a global centre for sustainable energy, where products and solutions are developed and exported.

For more detail about SEAS,

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Results Of the Maire Foundation Study at COP29 In Baku: People in Azerbaijan and Kazakhstan Aware of The Urgency of The Energy Transition

MILAN/BAKU – Newsaktuell – 20 November 2024 – Awareness of the importance of the energy transition and the benefits that it can bring to the environment, the economy and society, is growing, including in countries with fossil-based economies such as Azerbaijan and Kazakhstan. This is what clearly emerges from a study by the Fondazione MAIRE – ETS, the foundation of Italy-based technology and engineering group MAIRE, carried out in cooperation with IPSOS, a renown international market research company. The study, “Climate goals: winning the challenge of climate goals through the creation of skills and competences worldwide. Addendum 1: focus Azerbaijan – Kazakhstan“, was launched during COP29 in Baku.

The 2024 edition adds two more countries, Azerbaijan and Kazakhstan, bringing the total panel to 12 (Italy, UK, US, Turkey, KSA, UAE, Algeria, Chile, China, India, Azerbaijan, Kazakhstan), with 2,000 interviews of a highly educated sample of the population, in addition to opinion leaders.

The study, sponsored by MAIRE’s subsidiaries NEXTCHEM and TECNIMONT, shows that the international community is increasingly aware that energy transition requires new skills to create business and job opportunities. In general, the study finds that respondents believe in the long-term value and positive impact of the energy transition, despite the perceived short-term challenges and costs. The countries that face a major challenge in the transition to a sustainable economy based on renewable and circular solutions are those that will need the most investments in training and skill building in the coming years.

In Azerbaijan, 55% of the respondents considers the energy transition as a priority, compared to 39% of interviewees in Kazakhstan, indicating a growing consciousness of environmental issues and the potential economic opportunities they offer, and suggesting a fertile ground for future energy transition initiatives.

The energy transition process needs a substantial upskilling of the workforce in both Azerbaijan and Kazakhstan. A widespread recognition of this need is evident, with most individuals acknowledging their need for additional training in energy transition-related topics. This prospect is particularly appealing in those regions where traditional energy sector jobs may be at risk, offering a path for economic diversification.

The required skills range from technical expertise to soft skills. In Kazakhstan, with its vast natural resources and existing energy infrastructure, a primary focus is on analyzing and assessing the environmental impact. In Azerbaijan, where there’s a growing emphasis on diversifying the energy sector, developing expertise in solar, wind, and other renewable energy sources is vital for the country’s transition towards a more sustainable energy mix.

In Azerbaijan, problem-solving abilities are considered a priority, as the transition presents several challenges that require innovative solutions. In Kazakhstan, critical thinking skills are considered essential for analyzing complex data, evaluating alternative approaches, and making informed decisions.

By investing in human capital and fostering a knowledgeable and skilled workforce, Azerbaijan and Kazakhstan can not only contribute to global climate goals but also position themselves advantageously in the emerging green economy landscape.

Fondazione MAIRE and MAIRE Group Chairman Fabrizio Di Amato commented: “The results of this study on Azerbaijan and Kazakhstan demonstrate that the energy transition is possible in every country, by adopting a gradual approach. All available technological solutions can contribute to the energy transition, including decarbonized gas. I hope that our Foundation’s commitment will help accelerate the adoption of public policies to implement training programs for the essential skills needed to support this paradigm shift.”

*****

MAIN TAKEAWAYS FROM 2024 EDITION OF THE STUDY

In Azerbaijan and in Kazakhstan 96% and 93% of respondents respectively have heard of the energy transition: 43% in Azerbaijan (higher than China) and 29% in Kazakhstan (the lowest rate of the 12 countries) are “very familiar” with it

– 39% of respondents in Kazakhstan and 55% in Azerbaijan said the energy transition was a priority, in line with European countries (and almost the same as Italy), behind India, Turkey, China (65-70%)

– 64% of respondents in Azerbaijan (higher than UAE, Saudi Arabia and India) and 53% in Kazakhstan (higher than Italy, UK, US and same as China) believe that the energy transition is crucial to combat climate change

– In the short term, costs will outweigh benefits for 57% of respondents in Kazakhstan and for 31% in Azerbaijan (aligned with Turkey)

– Training and upskilling are crucial both in Kazakhstan and in Azerbaijan for more than 80% of respondents, more than in India (71%), USA and SA (75%)

– 62% of respondents in Azerbaijan and 58% in Kazakhstan believe it is necessary to improve problem solving skills

– Respondents from Kazakhstan said the most-required soft skill is critical thinking (68%) and the presence of skilled professionals for the energy transition they believe should be improved (82%).

Fondazione MAIRE – ETS is the corporate foundation of MAIRE Group. The Fondazione MAIRE – ETS has defined as its own mission to foster the training of tomorrow’s “humanist engineers” who will be able to apply their broad vision and multidisciplinary knowledge to contribute to the energy transition; it carries out projects to combat educational poverty, to grant equitable access to educational opportunities, with a focus on contexts of social marginalization. Fondazione MAIRE – ETS also manages the historical archives of the MAIRE Group, a precious documentary heritage of Italian projects in engineering and architecture, seeing to their preservation and promoting greater awareness of them and their use by an ever-widening public. For further information: www.fondazionemaire.com.

MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide Integrated E&C Solutions for the downstream market and Sustainable Technology Solutions, the latter through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 45 countries, MAIRE employs over 9,300 people, supported by a global network of 20,000 project partners. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”). For further information: www.groupmaire.com.

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

DX design hub to Host Launching Party on 3 December, Open to the Public from 4 December

New Design Spot in Sham Shui Po Seeks to Nurture Creative and Design Talents, Foster Cross-Industry Collaboration and Exchanges A Creative Hub for Design and Fashion Inspiration


HONG KONG SAR – Media OutReach Newswire – 20 November 2024 – Located in Sham Shui Po, Hong Kong Design Centre’s (HKDC) new landmark, DX design hub (the Hub) will host its launching party on 3 December 2024 (Tuesday), officially opening to the public from 4 December (Wednesday). The Cultural and Creative Industries Development Agency of the Government of the Hong Kong Special Administrative Region is responsible for strategy formulation, coordination, and supervision of the hub while HKDC is responsible for operating the hub. This Hub aims to serve as an important base for nurturing design talent in Hong Kong, and to promote deep collaboration and exchange among designers, businesses, various industry associations and professionals. Through a series of diverse design-related programmes, the Hub will showcase the impact of design and exceptional instances of design in practice. By collaborating with the local textile industry, independent businesses and creative communities, the Hub fosters and create new synergies and contribute to the transformation of Sham Shui Po into a vibrant and unique creative community.

Rendering Building View
Rendering Building View

Prof. Eric Yim, Chairman of HKDC shared: “The ‘D’ in DX design hub stands for design and diversified design disciplines, while ‘X’ signifies ‘multiply’ and ‘crossover’. The launch of DX design hub is an important milestone for Hong Kong Design Centre. We hope that through DX design hub, we can foster communications and collaborative partnerships across the various creative and design fields, as well as between the wider creative design industry and the business sector. This will enrich Hong Kong’s creative culture, and encourage problem-solving and decision-making through design thinking, thereby amplifying the power and ubiquity of design throughout our society. DX design hub will create a space for everyone to immerse themselves in design and creativity, and offer emerging designers and creative workers opportunities for development and showcasing their talents.”

DX design hub conducted its soft opening on 25 October, and will be officially accessible to the public starting December 4. Hong Kong Design Centre will host a launching party on the evening of 3 December 2024 (Tuesday), welcoming HKSAR government officials and design industry representatives from Hong Kong and the Greater Bay Area to introduce them to this new creative and fashion hub. The occasion will also mark the official commencement of the Hub’s signature programme, the ‘GBA Creative Fortnight’. This programme aims to showcase Hong Kong’s prowess in creative design , and promote creative and business exchanges between Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area. The Hub’s launch will also synergise with other design programmes taking place concurrently, such as the opening of Business of Design Week 2024 Summit on 4 December, and a series of other design activities hosted by HKDC throughout the month, infusing the entire city in a celebratory atmosphere of creativity and design in December.

The Hub is located at 280 Tung Chau Street, Sham Shui Po. In the 2017 Policy Address, the Hong Kong Special Administrative Region Government proposed new measures, and the Commerce and Economic Development Bureau recommended reserving approximately 3,600 square meters of commercial space across five floors at the redevelopment project of Tung Chau Street by the Urban Redevelopment Authority in Sham Shui Po to establish a design and fashion base., The Hub aims to inject new momentum to the local economy by striving towards three main objectives: nurture emerging design talent and fashion designers in Hong Kong; leverage Sham Shui Po’s heritage as a traditional hotspot for clothing and textile wholesale and retail, and combine design, fashion, garment production and retail to create new synergies to become a focal point for design and fashion both within the district and across Hong Kong; and further the development of tourism in Sham Shui Po.

The Hub spans five levels from the ground floor to the fourth floor, with a total area of 3,600 square meters. The fourth floor will serve as headquarters for the HKDC, while the ground to third floors will be divided into different zones for hosting a wide variety of design-related activities such as seminars, exhibitions and workshops. The space aims to enhance the public’s awareness of design, facilitate communication and resource sharing among the design and creative industries, and foster more creativity and collaboration opportunities for society at large. These zones include The Square, The Fashion-Pop, The Box, The Gallery, The Design Museum, The Annex, The Steps, The Lounge, The Barn and The Fashion Spotlight.

Following the official opening to the public in December, a lineup of events will be hosted at the DX Design Hub by HKDC to showcase the charm of design:

Event Type Event Date
Permanent Exhibition Hong Kong Design Ecology Launching from 3 December 2024
Design Exchange GBA Creative Fortnight 3 – 16 December 2024
Immersive Experience Convergence 3 December 2024 – 28 February 2025
Design Exhibition Design Pulse Asia 3 December 2024 – 30 June 2025
Creative Installation 變形記 (English Name TBC) 3 December 2024 – 30 April 2025
Fashion Exhibition Takuma Fujisaki’s Mogols: A Hong Kong Fashion Collaboration with FIP & DIP 7 December 2024 – 6 March 2025

HKDC holds exciting exhibitions and events throughout the year at the DX design hub. To foster industry development and support industry associations, HKDC collaborates with industry associations from Hong Kong, the Mainland, and overseas. Joint exhibitions, seminars, and networking event will be held at DX design hub. To enhance the collaborations with different industry associations through DX design hub, Memorandum of Understanding (MOU) was signed with individual industry association including Hong Kong Architecture Centre, Royal Institute of British Architects (Hong Kong Chapter), Hong Kong Fashion Designers Association, Textile Council Of Hong Kong, Graphic Arts Association of Hong Kong, Hong Kong Furniture and Decoration Trade Association, Hong Kong Association for VR AR and The Professional Validation Council of Hong Kong Industries for utilising DX design hub as a platform to promote industry exchange and development.

As the newest design spot in the area, the Hub will highlight Sham Shui Po as an inimitable aspect in the tapestry of Hong Kong society, with its unique heritage architecture, and its traditional role as a hotspot of fabric resources for designers. The Hub will enhance the district’s existing multicultural atmosphere, attract more individual businesses to set up shop, and nurture a diverse and inclusive cultural community in the neighbourhood, fostering positive interactions and making Sham Shui Po a must-visit creative hotspot for locals and tourists alike. At the same time, the Hub will also serve as a model for traditional businesses by demonstrating how design and innovation can drive transformation, provide consumers with a novel experience, and capture new sources of revenue.

Hashtag: #HongKongDesignCentre

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

About DX design hub

Operated by Hong Kong Design Centre, DX design hub in Sham Shui Po nurtures emerging design talents and fashion designers, fostering creativity and collaboration. Showcasing the synergy between design disciplines, it serves as a vibrant platform for community engagement and creative tourism. The Hub offers exhibition spaces, activity spaces, and a retail area for designers to gain hands-on experience. It functions as a central workstation for HKDC and design-related Associations, leading initiatives to promote fashion and diverse design projects. With a mission to inspire creativity and innovation, we aim to enable the Hub to become the creative anchor in Hong Kong with various specialized zones including The Square, The Fashion-Pop, The Box, The Gallery, The Design Museum, The Annex, The Steps, The Lounge, The Barn and The Fashion Spotlight.

The construction work of the Hub is undertaken by the Urban Renewal Authority (URA), ensuring a state-of-the-art facility that supports our vision. The Cultural and Creative Industries Development Agency of the Government of the Hong Kong Special Administrative Region is responsible for strategy formulation, coordination, and supervision, guiding the Hub’s initiatives to align with industry needs and aspirations.

About Hong Kong Design Centre (www.hkdesigncentre.org)

Hong Kong Design Centre is a strategic partner of the Government of the Hong Kong Special Administrative Region in leveraging the city’s East-meets-West advantage to create value from design.

To achieve our goals we:

  • Cultivate a design culture
  • Bridge stakeholders to opportunities that unleash the value of design
  • Promote excellence in various design disciplines

About Cultural and Creative Industries Development Agency (www.ccidahk.gov.hk )

The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating startups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East meets-West centre for international cultural exchange under the National 14th Five-Year Plan.

Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to some of HKDC’s activities/projects only, and does not otherwise take part in such funded activities/projects. Any opinions, findings, conclusions or recommendations expressed in this publication and relevant materials/events (or by members of the project teams) are those of HKDC only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

China’s “Hainan Fresh Produce”: Sweet Fruits 18°N Gaining Global Popularity


HAIKOU, CHINA – Media OutReach Newswire – 20 November 2024 – The northern hemisphere transitions into winter in November. In the southern end of Hainan Free Trade Port in China, Sanya City and Ledong Li Autonomous County, located at 18 degrees north latitude, it is still warm and comfortable. Fruit farmers only wear light clothes, busy picking mangoes and honeydew melons, the famous products of “Hainan Fresh Produce”, and shipping them to numerous markets around the world.

Hainan Fresh Produce
Hainan Fresh Produce

China is one of the largest mango producers globally, and Hainan, often regarded as the “tropical fruit paradise”, plays a key role. According to the Hainan Provincial Department of Agriculture and Rural Affairs, Sanya ranks as Hainan’s leading mango production region. It yields from November to June every year, generating a revenue of approximately $820 million annually.

Thanks to superior natural advantages, advanced breeding technology and standardized production, these mangoes are known for their beautiful appearance, high sweetness, thin core, and juicy, fragrant flesh. The local government and association have set strict standards for every stage — picking, sorting, storage, and transportation. Government supervision, association supervision and a scientific traceability system have ensured the consistent quality of Sanya mangoes.

The fruit is now gaining worldwide popularity, and exported to over 10 countries including Canada, the United States, Singapore, Germany, and Italy.

Ledong, in Sanya’s vicinity, is celebrated as the “hometown of Chinese honeydew melon”. The region’s ample sunlight and heat conditions, unique sea sand soil, and scientific planting and management techniques give Ledong honeydew melons their creamy and nectar-like sweetness. These melons boast high content of various vitamins that is several times more than that of watermelons and apples.

From October to May each year, Ledong’s honeydew melons enter their prime harvest period, accounting for nearly half of all honeydew melons leaving the island. To support this booming industry, Ledong has established modern agricultural high-quality development industrial parks and intensive standard production demonstration bases for honeydew melons. Annually, the county produces around 600,000 tonnes of honeydew melons, generating a revenue of approximately $710 million.

The branding under “Hainan Fresh Produce” — a catalogue of regional public brands of all categories in Hainan Province, has boosted the reputation of “Sanya Mango” and “Ledong Honeydew Melon”, turning them into symbols of Hainan’s “tropical efficient agriculture”. For many farmers, in Ledong and Sanya alike, growing mangoes and melons has led to improved livelihoods. Their new houses — proudly called “Mango Buildings” and “Honeydew Melon Buildings” — standing as a testament to the dedication and prosperity of Chinese people.

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

CGTN: China to inject vitality into fair, equitable global governance system


BEIJING, CHINA – Media OutReach Newswire – 20 November 2024 – Nestled on the Red Sea coast of northwest Saudi Arabia, Neom, a brand-new metropolis, has reached a major milestone in its journey toward sustainable development. It successfully completed the construction of a 1.3 GWh energy storage capacity in June this year. The project is the world’s largest energy storage venture, supported by advanced technology from China.

The construction site of the 1.3 GWh energy storage project, Tabuk Province, Saudi Arabia. /CFP
The construction site of the 1.3 GWh energy storage project, Tabuk Province, Saudi Arabia. /CFP

This state-of-the-art system integrates renewable energy from wind and solar turbines alongside facilities such as a seawater desalination plant and a waste management center, creating a fully independent energy supply system for the city.

Launched in July 2017, the city’s energy storage project is a cornerstone of Saudi Arabia’s “Vision 2030” initiative. Designed to provide Neom with 100 percent clean energy, the project, upon completion, is expected to generate up to 650,000 MWh of renewable energy annually, achieving zero carbon emissions, equivalent to reducing nearly 500,000 tonnes of CO2 emissions per year.

Saudi Arabia has set an ambitious target to increase renewable energy’s share in its national energy mix to 50 percent by 2030.

In recent years, China has carried out a large number of green projects with other countries, bringing its expertise and experience in renewable energy to these countries and promoting the green and sustainable development of the global economic governance system.

When addressing Session II of the 19th G20 Summit on Reform of the Institutions of Global Governance on Monday, Chinese President Xi Jinping stressed the significance of building a fair and equitable global governance system, calling on G20 members to improve global economic governance, global financial governance, global trade governance, and global digital governance so as to build an open, innovative, green and stable world economy.

Improving global economic governance

China has been a staunch promoter of free trade and globalization and has always been standing together with developing countries, empowering them with development capabilities through various initiatives, such as the Belt and Road Initiative (BRI).

In 2013, China launched the BRI to promote economic growth and connectivity among participating countries. Since its inception, over 150 countries and 30 international organizations, primarily from the developing world, have signed cooperation agreements with China.

By constructing key infrastructure such as railways, highways, ports, power grids, and communication networks, the BRI has significantly improved infrastructure in developing nations, boosting trade efficiency and facilitating industrial upgrades. The initiative has also generated substantial employment opportunities and economic growth while enhancing sustainable development through technology transfer and capacity building, making a lasting contribution to inclusive global economic progress.

In addition, China also initiated the Asian Infrastructure Investment Bank (AIIB) as an open and inclusive platform for international financial cooperation. Official data shows that since its inception, AIIB has financed over 200 projects in more than 30 countries, with a total investment exceeding $40 billion, focusing on sectors like transportation, energy, water management, and urban development. By providing stable, long-term funding, the AIIB has improved infrastructure, supported green energy transitions, addressed climate change in developing countries, and contributed to a fairer and more equitable global economic system.

Promoting global security governance

“Global security governance is part and parcel of global governance. The G20 should support the UN and its Security Council in playing a greater role and support all efforts conducive to the peaceful settlement of crises,” Xi said at Monday’s meeting.

He called on the G20 to de-escalate the Ukraine crisis, push all parties in the Middle East to cease fire and stop fighting, and provide support for easing the humanitarian crisis and post-war reconstruction in the region.

China has been playing a constructive role in global security governance by proposing initiatives, mediating conflicts, and promoting dialogue. For instance, in 2022, China launched the Global Security Initiative, advocating a security framework based on the UN Charter and emphasizing cooperation, sustainability and dialogue to address traditional and emerging security challenges.

In response to the Ukraine crisis, China put forward a 12-point proposal to end the conflict in Ukraine, highlighting respect for sovereignty, a ceasefire, and opposition to nuclear threats. Partnering with Brazil and other Global South countries, China also launched the group of “friends for peace” to facilitate diplomatic solutions and promote dialogue.

In the Middle East, China mediated the 2023 Saudi-Iran reconciliation, helping the two restore diplomatic ties and contributing to regional stability. China’s efforts have exemplified that it is dedicated to resolving disputes through dialogue and demonstrated its commitment to long-term global peace and stability.

https://news.cgtn.com/news/2024-11-19/How-is-China-shaping-a-fair-equitable-global-governance-system–1yFdgSkhpWo/p.html
Hashtag: #CGTN

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

Lao Coffee: A Journey Through Flavor, Heritage

Lao Coffee: A Journey Through Flavor, Heritage
Weekend Cafe making coffee. (photo credit: Weekend Cafe and Camping)

In Laos’ Bolaven Plateau, Champasack Province, the air is often filled with the scent of freshly roasted coffee beans. 

Jiangxi’s Preservation of Ancient Streets and Villages Sparks a Surge in Cultural Tourism


NANCHANG, CHINA – Media OutReach Newswire – 20 November 2024 – On November 20th, the dance drama “Tian Gong Kai Wu,” based on the legendary life of Jiangxi-born scientist Song Yingxing from the Ming Dynasty, premiered at the Guangzhou Opera House. Since its first performance in Nanchang in May this year, tickets for performances in Shanghai, Beijing, Hangzhou, and other cities have sold out, earning it immense popularity among Chinese audiences.

PressReleaseTMP3tq5zh.jpg

The creation and success of this drama are attributed to Jiangxi’s efforts in preserving and utilizing the culture of ancient streets and villages. In Jieqiao Ancient Village, Fenyi County, Jiangxi, the architectural style, farming culture, and handicraft production all bear the influence of “Tian Gong Kai Wu,” making visitors feel as if they have stepped into a world filled with wisdom and craftsmanship.

Upon entering the Wanshougong Historical and Cultural Street District located in Nanchang, one will find that it not only retains its ancient architectural style but also cleverly integrates modern trendy elements, making it a popular destination for young tourists to visit and take photos.

In Liukeng Ancient Village in Fuzhou, a complete group of ancient buildings from the Ming and Qing dynasties is preserved. Walking through the narrow alleys, one can see quaint dwellings and elegant ancestral halls, with every brick and tile revealing the profoundness of history and the accumulation of culture.

While preserving the resources of ancient streets and villages in Jiangxi, the province has leveraged musical dramas, stand-up comedies, and other forms to allow more people to experience traditional architecture and culture, adding a new engine and strong momentum to cultural tourism consumption.

Hashtag: #JiangxiInternationalCommunicationCenter

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

Generali Hong Kong Assigned ‘A’ Rating with ‘Stable’ Outlook by Fitch Ratings


HONG KONG SAR – Media OutReach Newswire – 20 November 2024 – Generali Life (Hong Kong) Limited (“Generali Hong Kong”) has been assigned an Insurer Financial Strength (IFS) Rating of ‘A’ (Strong) by Fitch Ratings, with a ‘Stable’ Outlook.

Mr. Alessandro Lavenia, Chief Financial Officer of Generali Hong Kong, said, “This recognition from Fitch Ratings is a major milestone for Generali Hong Kong and a testament to our sustainable growth and robust financial management. By combining our local knowledge with Generali’s global expertise, we are dedicated to becoming the Lifetime Partner of our customers by providing innovative and comprehensive insurance solutions to meet their evolving needs.”

This rating reflects Generali Hong Kong’s strong capitalization and improving financial performance. Fitch also acknowledged Generali Hong Kong’s strategic importance as a ‘Very Important’ operating subsidiary within Assicurazioni Generali S.p.A. (Generali Group). Additionally, Fitch highlighted Generali Hong Kong’s conservative investment strategy and prudent risk management, which further reinforce its financial stability.

Please find the press release issued by Fitch Ratings here.

Hashtag: #GeneraliHongKong

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

Generali Hong Kong

In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group’s global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers.

Generali Group

Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 82.5 billion in 2023. With around 82,000 employees serving 70 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.