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The Bank of Thailand reaffirms its adherence to integrity and principles to build confidence – good governance in Thailand


BANGKOK, THAILAND – Media OutReach Newswire – 10 April 2024 – In a detailed discussion with the Integrity Team of the Office of the National Anti-Corruption Commission (NACC), Thailand in recent days, Mrs. Roong Mallikamas, deputy governor of corporate development at the Bank of Thailand shows her vision to create confidence for all sectors while adhering to good governance principle as a neutral agency for the Kingdom of Thailand.

“The Bank of Thailand as the central bank of Thailand has a main task to manage the overall economic and financial system of the country to operate smoothly and to support the country’s economy to grow with stability and sustainability. From the foundation, it has been adopted into three elements to create reliability for the present’s tasks: having principles, adhering to the principle of rightness, and foreseeing the benefits of the country as key, creating transparency in the decision-making process, and creating an environment that allows the organization’s officials to have morality and good governance,” she explained.

The deputy governor elaborated that adhering to principles and considering the benefits of the country as the key has always been a tone from the top. At present, within the organization, all employees will be thought of as not taking advantage of anyone whether from the internal or external persons.

We don’t work to please anyone or to seek popularity. The BoT must explain our ideas and opinions to the public clearly. We will not do anything that cannot be explained to society. Anything we do or think, we have to be able to explain why we act or think this way,” she noted.

Besides having straightforward working principles, the BoT’s task must also go through a process called “Thinking around, and be able to explain” so that alternatives can be sought and weighed appropriately, comprehensively, and able to answer the public’s queries.

The Bank of Thailand also vows to create transparency in the decision-making process and make it auditable.

What has changed after the Tom Yum Kung economic crisis is that the BoT will use decision-making in a collective format to prevent group thinking. There are checks and balances in the decision-making power of various committees, whether it be the BoT Board, the Monetary Policy Committee (MPC), the Financial Institutions Policy Committee (FIPC), or the Payment Systems Committee (PSC). Each of which has a higher proportion of external committees than the BoT’s officials, ensuring that the ideas of BoT officials cannot dominate policy decisions. The decision-making is transparent because there is a data storage and communication system so that it can always be traced back. For example, at the MPC meeting, minutes of the meeting are disclosed to the public. After every meeting, questions were answered, clarifying doubts in many forums.

Last but not least is creating an environment that allows executives and employees to perform their duties according to moral principles, have good governance, and support people in the organization to be good and moral people. One thing that will help reduce the chance for corruption is providing appropriate remunerations and welfare so that there won’t be a loophole or at least reduce the chance that a person may exercise their power to benefit themselves or others.

“We must not discourage good people or not make our people feel that being a good person is difficult,” Mrs. Mallikamas added that apart from the BoT’s regulations that meet the standards of the bureaucracy, another area that the BoT is very concentrated on is awareness regarding Conflict of Interest.

The BoT set clear rules regarding the prohibition of investing in assets related to matters under supervision. Although some committees are not directly involved in policy decision-making, the BoT has notified the conditions for the committee to avoid having an involvement since the public doesn’t know who is or isn’t involved, which may have a scandal after that. Thus, we ask for refraining. Unless there is a truly necessary incident, there are rules to support what must be done in order to ensure that those are based on the principles of transparency and good governance.

Although the BoT has never had any scandals regarding corruption, the BoT has established measures to promote transparency and prevent corruption. For BoT employees to use as a guideline for performing their duties. (Information from the BoT website https://www.bot.or.th/th/about-us/good-governance/transparency/measure.html)

The measures are included: 1. Measures for disseminating information to the public 2. Measures for stakeholders. 3. Measures to promote transparency in procurement. 4. Measures and guidelines for handling corruption complaints. 5. Measures to prevent bribery. 6. Measures to prevent conflicts between personal interests and public interests, and 7. Measures to inspect the use of discretion.

“Regarding the honesty and integrity that the BoT has always adhered with, an organization must help reduce the risk of employees falling into precarious circumstances while creating pride in that honesty and integrity to maintain reliability in the performance of the central bank’s duties,” the deputy governor of the Thai Central Bank concluded.

*This exclusive interview translation is funded by the National Anti-Corruption Fund (NACF).

Hashtag: #IntegrityWay #AntiCorruption #ZeroCorruption #NACC #NACF

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

National Anti-Corruption Commission (NACC), Thailand

The National Anti-Corruption Commission (NACC) is a constitutional independent organization and supervised by nine commissioners selected from various professions. It is authorised to undertake work on the prevention and suppression of malfeasance, particularly in government agencies, on assets investigations, as well as on the monitoring of ethics and virtues of political position holders.

It has the authority to file charges in court as well as support and build up awareness of the penalties for committing corruption. The NACC is supervised by the NACC Board and has the Office of the NACC as its administrative agency.

Since 1997, Thai Courts have ruled against and punished politicians, former ministers, high-ranking government officials as well as executives of the private sector in the thousands of cases submitted by the NACC.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages bluebird bio Inc. Investors to Inquire About Securities Class Action Investigation – BLUE

New York, New York – Newsfile Corp. – April 7, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of bluebird bio Inc. (NASDAQ: BLUE) resulting from allegations that bluebird may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased bluebird securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=23843 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On March 26, 2024, before the market opened, bluebird filed an 8-K with the SEC in which it announced, “[o]n March 24, 2024, the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company, based on the recommendation of management and after consultation with EY, concluded that the Company’s previously-issued audited consolidated financial statements for each fiscal year beginning January 1, 2019 and its previously-issued unaudited interim condensed consolidated financial statements for each of the first three quarters in such years, as well as the associated earnings releases and investor presentations or other communications describing such financial statements, were materially misstated and, accordingly, should no longer be relied upon.”

On this news, bluebird’s stock fell $0.16 per share, or 11.76%, to close at $1.20 per share on March 26, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

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

Pekuakamiulnuatsh First Nation and First Phosphate Announce Collaboration Agreement


Mashteuiatsh – Newsfile Corp. – April 9, 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) and Pekuakamiulnuatsh Takuhikan (the “First Nation”) announce the signing of a collaboration agreement with respect to its proposed phosphate mine and Lithium Iron Phosphate (LFP) cathode active material plant project in the Saguenay-Lac-Saint-Jean Region of Quebec, Canada (the “Project”).

The collaboration agreement signed today in Mashteuiatsh, in the presence of the Chief of the Pekuakamiulnuatsh First Nation, Gilbert Dominique, and the CEO of First Phosphate, John Passalacqua, is an important step in the development of the Project.

The agreement sets out guidelines regarding employment opportunities, business horizons, environmental protection across the Nitassinan (the ancestral lands of the First Nation), harmonization of exploration work with the members of the First Nation who occupy the Nitassinan, and the supervision of future work.

Future access to the industrial park at Mashteuiatsh for Project development and financial participation in the Project by the First Nation are under consideration. The First Nation is also committed to collaborating with the Company in the establishment of rare igneous phosphate as a critical and strategic mineral at the Canadian federal levels of government.

“We are satisfied with the collaboration agreement reached today with First Phosphate, which allows us to establish the basis for exploration work on the Nitassinan, our ancestral lands. We must be considered and consulted at the beginning in these types of projects, by virtue of our ancestral rights and title, including our inherent right to self-determination. This agreement ensures that there will be continued follow-up during the realization of the studies and work necessary for the development of the Project, with proper concern for the continuity of ilnu-aitun (the Ilnu culture),” underlined the Chief of the Pekuakamiulnuatsh First Nation, Gilbert Dominique.

“It is important for First Phosphate to work together with all stakeholders in the Saguenay-Lac-Saint-Jean region in the development of the battery industry of the future. The Ilnu culture forms a fundamental fabric of the character of the Saguenay-Lac-Saint-Jean region of Quebec and we are proud to be able to collaborate strategically in business and in culture with the Pekuakamiulnuatsh First Nation and to be able to further integrate into the heart of Saguenay-Lac-Saint-Jean society. We thank the Pekuakamiulnuatsh Nation for their openness and friendship,” said John Passalacqua, CEO of First Phosphate.

Under the collaboration agreement, the Company has agreed to issue: (a) an initial 50,000 shares to the ilnu-aitun funds (dedicated to Ilnu culture) and 50,000 shares to the Nelueun funds (dedicated to ilnu language); and (b) such number of shares equal to 2.5% of the exploration and development expenditures by the Company on the First Nations lands, calculated and payable annually. The exploration and development expenditures are subject to a minimum of 100,000 shares per year, payable annually in advance, including 100,000 shares to be issued in connection with the signing of this agreement for the 2024 calendar year. All shares issuable under the Agreement will be priced in accordance with the policies of the CSE at the time of their issuance.

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

About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.


Chef Gilbert Dominique and CEO John Passalacqua
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/204715_firstphosphate1.jpg

For additional information, please contact:
Mélodie Lapointe
Pekuakamiulnuatsh Takuhikan
+1 (418) 275-5386, poste 1245
communication@mashteuiatsh.ca
www.Mashteuiatsh.ca

Armand Mackenzie, VP
First Phosphate Corp.
+1 (514) 618-5289
armand@firstphosphate.com
www.FirstPhosphate.com

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

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

Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains the objectives and goals of the collaboration agreement between the Company and the Pekuakamiulnuatsh First Nation, including the guidelines regarding employment opportunities, business opportunities, environmental protection of Nitassinan (the territory), harmonization of exploration work with the members of the First Nation who occupy the territory, and the supervision of future work; the contemplated eventual access to the industrial park of Mashteuiatsh under the collaboration agreement; the collaboration agreement in allowing the parties to establish the basis for future exploration work on Nitassinan; the Company will carry-out the follow-up during the realization of the studies and works necessary for the development of the Project, with the concern of the continuity of ilnu-aitun (the Ilnu culture); and the Company will further integrate itself into the heart of the Saguenay-Lac-Saint-Jean society.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 which is available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/204715_firstphosptlogo.jpg

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

Anastasia Nyrkovskaya Named Chief Executive Officer of Fortune Media

First female CEO of the storied 95-year-old business media brand Led transformation of Fortune into profitable, digital-first, and global multi-platform media company Fortune deploying regional conferences and new lists for Asia and Greater China markets


HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – Fortune Media has named Anastasia Nyrkovskaya as the new Chief Executive Officer, becoming the first woman to lead the storied media brand. She has served as Fortune’s Chief Strategy Officer and Chief Financial Officer over the past five years.

Anastasia Nyrkovskaya Named Chief Executive Officer of Fortune Media

With experience across investing, finance, and corporate development in both traditional media and startups, Anastasia succeeds Alan Murray, who has been CEO of Fortune since 2018 and announced last October that he planned to step down this April. In recent months, they have been working on the leadership transition.

Anastasia first joined Fortune Media in 2019 as one of the first senior executives when it became an independent media company. Founded by Henry Luce in 1929, Fortune spun off from Meredith Corporation and had previously been a longtime part of Time Inc.

Prior to Fortune, Anastasia held senior roles in finance and accounting at NBCUniversal, KPMG, and XpresSpa Group. At NBCUniversal, she was part of the corporate strategy team responsible for M&A and oversaw accounting and due diligence on multiple major acquisitions including MSNBC.com, The Weather Channel, and the formation of Hulu. Subsequently, she served in senior financial roles at NBCU, working with its subsidiaries, including studios, theme parks, and cable TV. She began her career in audit and transaction services at KPMG. Anastasia is based in New York with her husband and two children.

At Fortune, Anastasia has played a key role in its digital transformation and the diversification of its business model beyond magazine publishing and into new digital lines of business, as well as the global expansion of the Fortune brand and operations. At the same time, she supported expansion of editorial coverage and the size of the Fortune newsroom under Alyson Shontell, who took the reins as Editor in Chief and Chief Content Officer in October 2021. While she was Chief Financial Officer, Fortune posted three successive years of profits through 2023, and as Chief Strategy Officer, she rolled out a range of new products and enabled expansions of lists and conferences in Europe and Asia.

Fortune has actively been expanding its events and editorial franchises in Asia, most recently hosting a sold-out Fortune Innovation Forum for senior business and policy leaders, in Hong Kong. In June, Fortune will launch the Fortune Southeast Asia 500 List, a ranking of the largest 500 companies in Southeast Asia. In July, it will hold the Fortune Brainstorm AI conference in Singapore.

Outgoing Fortune CEO Alan Murray said, “As Chief Strategy and Finance Officer, Anastasia has steered Fortune through three years of profitable growth—almost unheard of in the legacy magazine business. She appreciates and supports the power of Fortune’s great journalism, its iconic lists, and its first-in-class executive communities, and understands how they work together to make business better. She has helped lead Fortune’s transformation into a profitable global multi-platform media company and is the right person to lead it into its second century.”

Incoming CEO Anastasia Nyrkovskaya said, “I believe in the power of Fortune’s journalism and its brand. For a media brand to evolve and progress today, you have to love this business and care about the people in it. Fortune has some of the best business journalists in the industry and the best Editor in Chief in Alyson Shontell. I have loved partnering with Alan and Alyson, as well as our Publisher and Chief Revenue Officer Michael Schneider and our Chief Technology Officer Jonathan Rivers.”

She added, “For the past five years, I have been focused on fiscal responsibility and the development of new revenue streams to sustain and grow the business. Looking ahead, I am excited to drive more focus and growth in journalism and business as Fortune expands globally.”

Editor in Chief Alyson Shontell said, “Anastasia has been a true partner in both expanding Fortune’s newsroom into a fully-fledged digital news operation and continuing our focus on original enterprise reporting. At every step, she has supported the newsroom’s independence with decisions that sustain our business. I look forward to continuing to work with her closely as she steps into the CEO role.”
Hashtag: #Fortune

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

About Fortune

Fortune’s mission is to change the world by making business better. We achieve that by providing trusted information, telling great stories, and building world-class communities. We measure performance by rigorous benchmarks, and we hold companies accountable. Our goal is to make Fortune a force for good through its second century and beyond. For more information, visit .

AS Watson Appoints Malina Ngai as Group CEO


HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – AS Watson is pleased to announce the promotion of Malina Ngai to Group CEO, effective from 1st May 2024.

AS Watson Appoints Malina Ngai as Group CEO

Malina Ngai currently holds the position of Group Chief Operating Officer, AS Watson, and Chief Executive Officer, AS Watson (Asia & Europe). Congratulating on her promotion, Dominic Lai, Group Co-Managing Director of CK Hutchison and Group Managing Director of AS Watson said, “After a very fulfilling 17 years of leading the AS Watson Group, I think it is the appropriate time to pass on the baton. Malina has been crucial in successfully driving AS Watson’s digital transformation, implementing the O+O (Offline plus Online) business model, and fostering positive cultural change in the past decade.

“Malina has worked in CK Hutchison and AS Watson for 24 years. Her career path started in corporate communications and later expanded to international management positions in international buying, technology development, sales operations, marketing, big data, and sustainability. She demonstrated strong adaptability, strategic agility, and the ability to drive tremendous momentum across the entire organisation. Her significant achievements have continued to propel our organisation forward. Malina is perfectly prepared for this role.”

“As the Group CEO of AS Watson, Malina will be fully in charge of defining our vision, leading the team to formulate strategies to meet our strategic objectives of putting customers first and continuing the growth journey of our global portfolio. All senior leaders who currently report to me will report to Malina. I will assume the position of Chairman of AS Watson.”

Malina joined CK Hutchison (formerly Hutchison Whampoa), the parent company of AS Watson, in 2000. She started with Hutchison Port Holdings, and then at Hutchison Whampoa Corporate Affairs Department. She was transferred to AS Watson in 2001 and has taken on various leadership roles, becoming Group Chief Operating Officer in 2013 and CEO of AS Watson (Asia & Europe) in 2019. Before joining CK Hutchison, Malina worked in sports marketing consultancy and the Hong Kong SAR Government’s statutory body for sports development.

Malina has a doctoral degree and a master’s degree in business administration, a master’s degree in finance, and a bachelor’s degree in sports administration. She was a competitive athlete and won a bronze medal for Hong Kong at the 1994 Asian Games.

The appointment is effective from 1st May 2024.
Hashtag: #ASWatson

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

Kerry eCommerce, Menzies Aviation and Menzies Macau Airport Services Limited Sign MOU on Global Customs Clearance


HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – Kerry Logistics Network Limited (‘Kerry Logistics Network’, ‘KLN’; Stock Code 0636.HK), through its subsidiary Kerry eCommerce Limited (‘Kerry eCommerce’), has signed a memorandum of understanding (‘MOU’) on Global Customs Clearance with Menzies Aviation Limited (‘Menzies Aviation’) and Menzies Macau Airport Services Limited to launch the global customs clearance collaboration project. The tripartite MOU was jointly signed by Frankie Choy, Director of Kerry eCommerce, James Wong, Senior Vice President for Southeast Asia and China at Menzies Aviation, and Raymond Lo, Managing Director of Menzies Macau Airport Services Limited.

The signing of the MOU marks the official launch of the global customs clearance collaboration project, which aims to strengthen Macau Airport’s e-commerce cargo competitiveness and provide seamless customs clearance services for Kerry eCommerce export through Macau. Kerry eCommerce will leverage the strengths of Menzies Aviation’s network of 255 destinations around the world, with Macau Airport as a hub, to ensure that all goods handled by Kerry eCommerce passing through Macau can depart smoothly and achieve fast and efficient transportation through convenient customs clearance procedures in Macau.

Menzies Aviation is a global leader in aviation services, with operations across six continents, providing air ground handling services to 255 destinations in more than 60 markets. As a part of Menzies Aviation, Menzies Macau Airport Services Limited focuses on a full range of one-stop airport services and continues to empower the shipping of Macau International Airport.

Frankie Choy, Director of Kerry eCommerce, said, “Cross-border e-commerce is currently the fastest-growing segment of international trade. Consumers demand more reliable and faster deliveries than ever. This partnership will give us leverage on shipping internationally with swift and efficient cross-border deliveries that ensure a competitive advantage for our e-commerce customers.”

James Wong, Senior Vice President for Southeast Asia and China at Menzies Aviation, said, “Menzies Aviation is proud to be a part of this tripartite MOU with Kerry eCommerce and our Joint Venture at Menzies Macau Airport Services Limited. Together, we will explore new opportunities and effect positive changes for the mutual benefits of all parties. We look forward to working together.”

In response to the growing global demand for trade and freight, this collaboration project fully integrates the expertise and resources of Kerry eCommerce, Menzies Aviation and Menzies Macau Airport Services Limited to provide faster, more efficient and reliable customs clearance services, achieving a win-win situation for all three parties. The three parties will work together to ensure the smooth customs clearance of goods and collaborate on end-to-end solutions on a global scale to support the strong development of e-commerce logistics.
Hashtag: #KerryLogisticsNetwork

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

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment.

With a global presence across 60 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$47.4 billion in 2023. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

About Menzies Aviation Limited

Menzies Aviation, a global leader in aviation services, operates across six continents and provides ground services to 255 destinations in over 60 markets. As part of Menzies Aviation, Menzies Macau Airport Services Limited specialises in comprehensive one-stop airport services, contributing to the efficient operation of Macau International Airport.

Lao Red Cross Struggles to Meet Blood Demand Amidst Rising Road Accident Cases

Lao Red Cross Struggles to Meet Blood Demand Amidst Rising Road Accident Cases
People donating their blood (photo: World Health Organization)

The National Blood Transfusion Center, operated by the Lao Red Cross, is facing challenges in meeting hospitals’ demand for blood due to an increasing need for treating road accident victims and patients with thalassemia. 

DHL Express unveils its HK$1.5 billion fully automated, eco-friendly-service center in Hong Kong

  • The service center sees over 90 percent increase in facility space and is equipped with a fully automated sorting system to support the growing demands of air trade and international express delivery
  • Highlighting eco-friendly and innovative features, the new center stands as DHL Express Hong Kong’s first LEED Gold certified service center.


HONG KONG SAR – Media OutReach Newswire – 9 April 2024 – DHL Express, the world’s leading international express service provider, has announced the launch of the DHL Express Hong Kong West Service Center (KWC). With an investment of HKD$1.5 billion, the new fully automated, eco-friendly facility substantiates DHL’s long-term growth plan and infrastructural investments in Hong Kong. As the first LEED (Leadership in Energy and Environmental Design) Gold-certified service center in Hong Kong, the facility has incorporated sustainability from the design to operations to ensure the new facility is aligned with the company’s 2050 net-zero emissions mission.

DHL Express today announces the launch of the DHL Express Hong Kong West Service Center (KWC). With an investment of HKD$1.5 billion, the new fully automated, eco-friendly facility substantiates DHL's long-term growth plan and infrastructural investments in Hong Kong. Officiating guests include: Boris Chui, Vice President of Operations of DHL Express Hong Kong (second from left); Sean Wall, Executive Vice President of Network Operations and Aviation of DHL Express Asia Pacific (first from left); Ken Lee, CEO of DHL Express Asia Pacific (middle); Andy Chiang, Senior Vice President and Managing Director of DHL Express Hong Kong and Macau (second from right); and Andrew Tsoi, Hong Kong West Service Center Manager of DHL Express Hong Kong.
DHL Express today announces the launch of the DHL Express Hong Kong West Service Center (KWC). With an investment of HKD$1.5 billion, the new fully automated, eco-friendly facility substantiates DHL’s long-term growth plan and infrastructural investments in Hong Kong. Officiating guests include: Boris Chui, Vice President of Operations of DHL Express Hong Kong (second from left); Sean Wall, Executive Vice President of Network Operations and Aviation of DHL Express Asia Pacific (first from left); Ken Lee, CEO of DHL Express Asia Pacific (middle); Andy Chiang, Senior Vice President and Managing Director of DHL Express Hong Kong and Macau (second from right); and Andrew Tsoi, Hong Kong West Service Center Manager of DHL Express Hong Kong.

Boosting an increase of over 90 percent in the site area, the new facility is now more efficient with enhanced capacity to address the increasing demand for international express services within the city and from around the world. Featuring a fully automated sorting system, the new facility can handle over 50,000 shipments a day and highlights a double increase in sorting capacity compared to its predecessor. The facility is also newly equipped with inline reweighing and dimensioning machines and 100% inline X-ray screening to facilitate greater operational efficiency and accuracy in shipment handling.

“The recent launch of our expanded Central Asia Hub at the Hong Kong International Airport and the opening of this fully automated Hong Kong West Service Center strengthen our network and capabilities. It also reinforces our commitment to enhancing Hong Kong’s position as an international trade and logistics hub,” said Andy Chiang, Senior Vice President and Managing Director of DHL Express Hong Kong and Macau. “At DHL, we keep sustainability close to heart. Earning the first LEED Gold certification for our service center in Hong Kong is a testament to our ongoing efforts to reduce our carbon footprint across all operations. DHL will continue to invest in low-emission solutions, sustainable energy sources, greener vehicle fleet and facilities to further enhance operational efficiency while minimizing the environmental impact.”

Gearing up to address growing trade demand

The timely unveiling of this new facility is aligned with the Government of the Hong Kong Special Administrative Region’s plan to develop the city into a sustainable, international, smart logistics hub focusing on high-value goods and e-commerce markets. Building upon the growth potential of the Greater Bay Area, the completion of the Three Runway System this year and the projected increase in Hong Kong’s exports by four to six percent[1], the new facility is well poised to capitalize on potential business opportunities.

Taking steps towards green and sustainable logistics

In line with the HKSAR Government’s aim to promote the development of green and sustainable logistics, and DHL’s commitment to the environment, the new KWC has incorporated eco-friendly design principles into its operations. It is DHL Express Hong Kong’s first service center to earn the LEED gold certification, a globally recognized green building rating system of sustainability achievements. The new KWC, addresses customers’ demand for sustainable logistics solutions, along with DHL’s fleet of electric vehicles and its GoGreen Plus service, a recent offering that allows carbon emission reduction associated with shipping through the use of Sustainable Aviation Fuel.

Key sustainable features of KWC include:

  • Expandable electric vehicle (EV) charging stations, with the capacity to support over 30 EV chargers and meet DHL Express’ future demands of EV fleet expansion
  • 100% battery-operated forklifts to reduce carbon emissions
  • Building management system and smart meters are deployed for remote monitoring and control of energy consumption
  • All lightings are equipped with dimmable LEDs powered by smart controls, thereby minimizing electricity consumption. The system is programmed to turn off lights during non-peak hours and switch off lights when rooms are unoccupied
  • Highly efficient air-conditioning system and big ceiling fans are installed for better ventilation and for more efficient energy consumption

Strategically located in the Tuen Mun West – a dedicated logistics site assigned by the HKSAR Government to support modern logistics development, the new KWC enjoys direct access to Hong Kong’s major transport network. It takes only a 20-minute drive to the Hong Kong International Airport via Tuen Chek tunnel – and is close to container terminals and mainland China. The robust transportation network offers shippers faster access to markets and enhanced connectivity through DHL’s global network covering over 220 countries and territories.


[1] HKTDC Research, Dec 2023

Hashtag: #DHLExpressHongKong




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