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FBS Reveals Three Key Macro Factors Shaping Financial Markets in Q4

KUALA LUMPUR, MALAYSIA – Media OutReach – 31 October 2023 – FBS, a leading global broker, presents an overview of the most significant macroeconomic trends traders should consider in the fourth quarter of 2023. In accordance with the brand’s mission to equip traders with tools and knowledge to conquer the financial markets, FBS financial market analysts have compiled an exhaustive list of three major Q4 challenges to the stock markets.

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Having not yet recovered from the pressing geopolitical and social risks of the past two years, the global economy will continue to experience turbulence in Q4, and into 2024. Below, FBS analysts name the three most prominent tendencies that would be pushing financial market volatility in the upcoming months:

Migration policy in the EU and the US: Although the liberalization of migration policy and the attraction of cheap labor forces have historically been the hallmarks of the European and American economies, it has given rise to right-wing tendencies and increased focus on national minorities. This trend will remain stable in 2023 and 2024, potentially triggering regional disintegration. It can lead to an increased allocation of safe-haven assets like gold, making them a favorable investment target for the near future.

Prolonged tight monetary policy: High key rates, a consequence of inflation, were expected to slow down stock markets in 2023. While some stock exchanges in the EU and the US have experienced growth over 2023, the market is realizing the low possibility of stimulating monetary policy from regulators by the end of the year. Thus, in Q4, particular attention should be paid to European and American stock indices, as seasonality may provide significant support, and shares (especially on American exchanges) may rise. Nevertheless, the risks of continued decline may remain present even in 2024.

Deglobalization of the energy market: Over the past years, the largest energy supply countries, including the Gulf members and Russia, have gradually disconnected from the European energy market. At the same time, the current vector of European policy and the EU’s shift from traditional energy sources will solidify the energy market. Consequently, in Q4, oil and gas prices are expected to remain stable or experience local fluctuations, potentially affecting global markets.

FBS Analysts indicate that financial markets will be challenged by political actions toward energy supplies and the development of monetary and migration policies for the rest of 2023 and beyond. Thus, traders should focus on agile trading strategies, exploit seasonality trends, and focus on defensive assets and mid-to-low volatility stocks.

For more information about trading and financial market trends, please visit www.ms-brokerfbs.com.

Hashtag: #FBS #Economy #Finance


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

About FBS

FBS is a licensed global broker with over 14 years of experience and more than 75 international awards. FBS is steadily developing as one of the market’s most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 500,000 around the globe. FBS is also the Official Partner of Leicester City Football Club.

REDEX Group raises $10M Series A funding led by Aramco Ventures

SINGAPORE – Media OutReach – 31 October 2023 – REDEX, Asia’s leading Renewable Energy Certificates (RECs) solutions provider, announced today the successful completion of a USD 10 million Series A funding round.

REDEX’s mission is to accelerate the world’s transition towards renewable energy. The new funding will allow the company to expand beyond Asia, and to further innovate in streamlining and digitizing the issuance and trading of RECs.

Aramco Ventures led the investment, along with notable new investors from the Middle East, Southeast Asia, and Japan. Aramco Ventures is the corporate venturing subsidiary of Aramco, the world’s leading fully integrated energy and petrochemical enterprise.

“REDEX is well positioned as the leading marketplace for I-RECs, which will enable renewable energy markets in many parts of the world. We look forward to collaborating with the REDEX team to extend this capability into new geographies,” said Bruce Niven, Executive MD, Strategic Venturing at Aramco Ventures.

Established in 2018, REDEX Group is a first-mover RECs player in Asia, offering a full suite of RECs management solutions covering asset registration, verification, trading, and retirement.

“We are witnessing tremendous growth in the adoption of RECs by brand owners striving to be 100% renewable, both for themselves and their supply chains,” said Jen-Wee Kang, Founder and CEO of REDEX. “The demand for green energy is very real, and the number of RECs issued and retired is more than doubling year on year. Building on the trust we have established with key players in the ecosystem, REDEX is well-positioned to play a leading role in the exponential growth of RECs adoption globally.”

As a concept, RECs are very simple – the instrument traces one’s power consumption to renewable energy sources. Its simplicity is precisely why the instrument is the most convenient and practical way for companies to achieve Scope 2 neutrality.

RECs are endorsed and adopted by RE100, the main consortium of leading brand owners committed to 100% renewable electricity. The consortium was originally formed in 2014 by 13 corporate partners. Today, RE100 has more than 400 members who consume around 400 TWh of power.

REDEX believes there is great potential to apply RECs creatively in the industrial sector, like for green aluminium, steel, and cement – commodities that are covered in the starting phase of Europe’s Carbon Border Adjustment Mechanism (CBAM).

In April, the company announced that it was the first API-integrated Platform Operator Account on I-REC, the world’s largest RECs registry. In June, REDEX also announced its partnership with China Southern Grid, supporting the grid operator in its role as an I-REC Issuer in China.
Hashtag: #REDEX


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

About REDEX Group Pte Ltd

REDEX Group Pte Ltd operates Asia’s leading trading platform for Renewable Energy Certificates (RECs). The company offers a one-stop ecosystem for RECs, supporting clients through the full RECs lifecycle – asset registration, production verification, marketplace, and retirement. As an early mover in Asia with a proven track record, REDEX is developing practical and innovative solutions to meet the clean energy needs of corporates globally. The company’s mission is to accelerate the world’s transition towards renewable energy.

For more information, please visit

About Aramco Ventures

Aramco Ventures is the corporate venturing subsidiary of Aramco, the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, Aramco Ventures strategic venturing programs invest globally in start-up and high growth companies with technologies of strategic importance to its parent, Aramco, primarily supporting the company’s operational decarbonization, new lower-carbon fuels businesses, and digital transformation initiatives. Aramco Ventures also operates Prosperity7, the company’s disruptive technologies investment program.

For more information, please visit www.aramcoventures.com

AXA wins 7 Awards at The Hong Kong Insurance Awards 2023

HONG KONG SAR – Media OutReach – 30 October 2023 – AXA Hong Kong and Macau (AXA) has achieved remarkable success at the Hong Kong Insurance Awards 2023, securing a total of 7 accolades. This momentous win solidifies the company’s standing as a frontrunner in the insurance sector as it continues to offer innovative and comprehensive products and services to its clients. The company won “Best Partnership Project Award – General Insurance” and “Outstanding Customer Services Award” and was named top three in 5 award categories, including “Best Partnership Project Award – Life Insurance”, “Most Innovative Product/Service Award – General Insurance”, “Most Innovative Product/Service Award – Life Insurance”, “Outstanding ESG and Sustainability Award” and “Outstanding MPF/Employees’ Benefit Products/Services Award”.

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AXA Hong Kong and Macau (AXA) has achieved remarkable success at the Hong Kong Insurance Awards 2023

Customers’ needs are constantly evolving over time with medical advancements. AXA is committed to being the lifelong partner for its customers and has consistently strived to provide innovative and comprehensive products and services to meet their ever-changing needs. The following awards demonstrate our commitment to customer centricity and contributions to the sustainable and green development of the community.

Winner

· Best Partnership Project Award – General Insurance

· Outstanding Customer Services Award

Top 3

· Best Partnership Project Award – Life Insurance

· Most innovative Product/Service Award – General Insurance

· Most Innovative Product/Service Award – Life Insurance

· Outstanding ESG and Sustainability Award

· Outstanding MPF/Employees’ Benefit Products/Services Award

Sally Wan, Chief Executive Officer, AXA Greater China, said, “We are honored to receive a total of 7 accolades at the Hong Kong Insurance Awards this year, achieving remarkable results again. These accolades demonstrate the efforts of our team in various areas including customer service, product development and partnership project. As a leading insurer in Hong Kong, AXA will continue to provide comprehensive and suitable products and services in response to customer needs, striving to fulfill our global brand promise – ‘Know You Can’ and continue to be a lifelong partner for our customers.”

Hong Kong Insurance Awards 2023 is organised by the Hong Kong Federation of Insurers. It aims to recognise the elite performers of insurance companies across various categories. It is one of the most esteemed industry awards in Hong Kong.
Hashtag: #AXA

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

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 51 markets and serving 93 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles – as an investor, insurer and an exemplary company.

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE:

Vistara Inaugurates Daily, Direct Flights between Delhi and Hong Kong

HONG KONG SAR – Media OutReach – 30 October 2023 – Vistara, India’s finest full-service carrier and a joint venture of the Tata group and Singapore Airlines, inaugurated daily, non-stop flights between Delhi and Hong Kong. The inaugural flight, operated on Vistara’s A321neo aircraft, commenced from Indira Gandhi International Airport, Delhi at 21:05 Hours (IST) on 29 October 2023 and arrived at Hong Kong International Airport at 05:55 Hours (HKT) today. Vistara’s A321neo is distinguished for its exceptional features, including comfortable three-class seating with full-flat beds in Business Class, contemporary interiors, in-flight wireless connectivity, and a state-of-the-art entertainment system with Live TV, among others.

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Mr. Vinod Kannan, Chief Executive Officer, Vistara, said, The launch of direct connectivity to Hong Kong is in line with our strategy of steadily growing our international network. Hong Kong being amongst the world’s top commercial hubs, attracts a lot of business, MICE and VFR travel from India, besides being a popular leisure destination. We are delighted to offer the option of flying India’s finest airline to customers travelling on this route and we are confident that they will appreciate our world-class product and services.”
DELHI AND HONG KONG EFFECTIVE 29 OCTOBER 2023
SCHEDULE OF FLIGHTS BETWEEN
Sector

Flight No.

Days of Operation

Departure

Arrival

Delhi – Hong Kong

UK 0101

Daily

21:05 Hrs

05:55 Hrs

Hong Kong – Delhi

UK 0102

Daily

08:55 Hrs

13:10 Hrs

* All timings shown are in local time zones, exact timings may differ slightly for respective days of operations

Vistara accepts all eligible customers meeting visa/entry requirements in both countries, as specified by the respective government bodies. Vistara strongly encourages its customers to fully understand these guidelines before making their bookings.
Vistara is India’s highest-rated airline on Skytrax and TripAdvisor, and it has been the winner of several ‘Best Airline’ awards, besides being lauded for world-class cabin cleanliness and upholding high safety standards. The only Indian carrier to feature amongst World’s Top 20 Airlines, Vistara has been named ’16th Best Airline’ globally while also being recognised as the ‘Best Airline in India and South Asia’ for the third time in a row, ‘Best Airline Staff in India and South Asia’ for the fifth consecutive year, ‘Best Cabin Crew in India and South Asia’ for the third time in a row and ‘Best Business Class Airline in India and South Asia’ for the second time in a row at the coveted World Airline Awards 2023 by Skytrax. Vistara also received the ch-aviation Asia’s Third Youngest Airline Fleet award for the second consecutive year.

Hashtag: #airline #tourism #flight #vistara #india

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

About Vistara (TATA SIA Airlines Limited):

TATA SIA Airlines Limited, known by the brand name Vistara, is a 51:49 joint venture between Tata Sons Private Limited and Singapore Airlines Limited (SIA). Vistara brings together Tata’s and SIA’s legendary hospitality and renowned service excellence to offer the finest full-service flying experience in India. Vistara commenced its commercial operations on January 9, 2015, with an aim to set new standards in the aviation industry in India and it today connects destinations across India and abroad. The airline currently, has a fleet of 63 aircraft, including 48 Airbus A320neo, 10 Airbus A321 and 5 Boeing 787-9 Dreamliner and has flown more than 50 million customers since starting operations.

For more information about Vistara, visit www.airvistara.com

Synchronized upgrade of Odyssey Cryptocurrency exchange worldwide to support over 15 cryptocurrencies

DENVER, USA – Media OutReach – 30 October 2023 – Recently, the well-known cryptocurrency exchange Odyssey announced a synchronized global upgrade of its platform to support more than 15 cryptocurrencies, providing users with the opportunity to participate instantly in various markets and trends. You can buy and trade multiple cryptocurrencies on a single platform, Cryptocurrency exchanges are highly liquid markets, which means you can buy and sell cryptocurrencies at any time without waiting for market opening hours.

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Odyssey Professional Exchange operates globally, meaning they are open 24 hours a day, providing more trading opportunities. This is crucial for investors worldwide, as they can participate in the market at their convenience, based on their own free time.

Hedging Benefits

Cryptocurrency exchanges offer significant advantages for asset preservation in a global hedging environment. During times of war or political turmoil, the decentralized nature of cryptocurrencies allows investors to avoid government intervention, currency devaluation, and asset freezing risks. Additionally, the ability for rapid cross-border transfer and anonymity of cryptocurrencies enables assets to move swiftly across borders while safeguarding personal privacy. This makes cryptocurrencies a valuable tool to navigate global instability and secure personal assets.

Investment Benefits

The advantage of cryptocurrency investments is evident in their highly volatile nature. Compared to traditional financial markets, the cryptocurrency market exhibits higher price volatility. The investment return advantage of cryptocurrencies has attracted many investors, especially those seeking portfolio diversification and exploring emerging markets.

Development plan

Odyssey Exchange has an ambitious global development plan. We aim to lead in cryptocurrency trading, expand coin offerings, enhance security, and provide educational resources. Our mission is to offer a seamless, secure, and efficient trading experience. We’ll keep working to meet user needs and stay competitive in the dynamic crypto market.

Odyssey is a professional and reliable virtual currency trading platform, dedicated to providing top-notch services worldwide. Whether you’re new to cryptocurrencies or a seasoned investor, our platform offers both user-friendly simplicity for beginners and advanced tools for professionals. We ensure an exceptional trading experience with efficient execution, low fees, and support for multiple currencies. Our utmost commitment is to safeguard your assets through cutting-edge security measures. Odyssey aims to be your trusted cryptocurrency partner.

Hashtag: #Odyssey

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

Bybit’s Ben Zhou Bridges the Path to Web3 – Insights on Fintech’s Future at Tbilisi Silk Road Forum

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 30 October 2023 – Bybit, the world’s third most visited crypto exchange, announced that its co-founder and CEO, Ben Zhou, was a featured panelist at the 4th Tbilisi Silk Road Forum. The event, held under the theme “Connecting Today, Resilient Tomorrow” in Tbilisi, Georgia, on October 26 and 27, brought together global leaders to explore the dynamic landscape of fintech and cryptocurrency in rising economies.

Picture 1: Ben Zhou, Co-founder and CEO of Bybit, seated second from the right, shared insights on the future of fintech and cryptocurrency at the 4th Tbilisi Silk Road Forum
Picture 1: Ben Zhou, Co-founder and CEO of Bybit, seated second from the right, shared insights on the future of fintech and cryptocurrency at the 4th Tbilisi Silk Road Forum

Ben Zhou joined a panel of esteemed speakers, including Natia Turnava, Acting Governor and First Vice-Governor of the National Bank of Georgia; Pedro Vieira, Partner at 500 Global; Dr. Andreas Glarner, Legal Partner at MME; and Salim Dhanani, CEO & Co-Founder of Pave. Their collective wisdom illuminated the forum, driving forward essential conversations in the fintech industry.

When asked about Bybit’s approach to choosing jurisdictions for operation, Ben Zhou emphasized the importance of collaborative discussions with forward-thinking authorities who recognize the potential that crypto development brings to their respective countries. He outlined the key factors that guide their decisions, including regulatory structure, proximity to central banks, and the presence of local talent and favorable policies. Georgia, with its supportive central bank and regulatory environment, emerged as one of the future strategic hubs for Bybit’s presence in the CIS region.

Picture 2: Ben Zhou, Co-founder and CEO of Bybit shared his insights on the future of fintech and cryptocurrency at the 4th Tbilisi Silk Road Forum
Picture 2: Ben Zhou, Co-founder and CEO of Bybit shared his insights on the future of fintech and cryptocurrency at the 4th Tbilisi Silk Road Forum

Ben Zhou also shed light on the trustworthiness of cryptocurrencies. Reflecting on the past five years, he noted the remarkable transformation in the blockchain and cryptocurrency space. While in 2018, concepts like Web3, NFTs, DeFi, and decentralized exchanges were in their infancy, the present day witnesses their widespread adoption. People increasingly turn to platforms like Bybit not only for crypto trading but also as secure banking applications for exchanging fiat currency to cryptocurrencies and earning stable yields through products like Bybit Earn.

Security remains a core concern for centralized exchanges, and Bybit, under the leadership of Ben Zhou, has maintained an impeccable track record. Since its inception, Bybit has never encountered any outages or breaches, a testament to the company’s unwavering commitment to safeguarding client assets.

In closing, Ben Zhou conveyed the ethos of Bybit, stating: “Today, as we stand at the intersection of fintech and crypto innovation, the world is witnessing a transformative journey. Bybit is committed to being an infrastructure player, building the bridge and road that connects people to the Web3 future. Our mission is to empower individuals, businesses, and economies to thrive in this dynamic landscape. We don’t build the city, but we take people to the city, where the limitless potential of blockchain and cryptocurrency awaits.”

The 4th Tbilisi Silk Road Forum, attended by over 2,000 participants from more than 60 countries, served as a prominent platform for leaders in government, finance, and diplomacy to discuss factors shaping regional and global trade and connectivity. The two-day event focused on a range of vital topics, including supply chains, logistics services, connectedness, and investments in transportation infrastructure across various modes of transport.

Hashtag: #Bybit #TheCryptoArk

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

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

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Tongcheng Travel Debuts at ITB Asia in Singapore to Expand International Hotel Network and Capitalize on Rising China Outbound Travel Boom

SINGAPORE – Media OutReach – 30 October 2023 – China’s leading online travel company, Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), made its debut at ITB Asia, the largest travel trade exhibition in the Asia-Pacific region held earlier in Singapore, where it showcased its rich product offerings and comprehensive services to global travel practitioners. The Company leverages Singapore’s position as a regional hub to extend partnerships with more suppliers, hotels, and travel agencies to accelerate the expansion in Asia-Pacific and provide Chinese consumers with more comprehensive outbound travel packages and experiences.

“Asia, especially East and Southeast Asia, has always been a target travelling destination for Tongcheng Travel,” said Li Liang, Senior VP of Tongcheng Travel and CEO of Accommodation and Local Consumption Businesses. “Participating in ITB Asia enables us to explore expansion in Singapore and neighboring countries and regions, and further build partnerships with quality hotel suppliers across the Asian region and further,” he added.

China was one of the world’s leading consumers in outbound tourism before the pandemic. With the remarkable recovery of the outbound travel market, the changing development trends and travelers’ preferences have attracted the attention of major travel companies worldwide. In particular, the rising demand and consumption power from users in non-first-tier cities in China are becoming the driving force behind the recovery of tourism spending. As international air travel continues to normalize with expanded coverage, facilitating more convenient traveling from non-first-tier cities in China, the demand for outbound travel is expected to rise further.

“We see optimistic growth potential in China’s outbound travel market,” added Li Liang. “As airline capacity and destination supply chains gradually recover, China’s outbound travel market is poised for further growth. Tongcheng Travel has already served millions of travelers in China, especially in non-first-tier cities where we have a competitive edge. This positions us well to capitalize on the opportunities in the outbound travel market.”

As of the second quarter of 2023, approximately 87% of Tongcheng Travel’s registered users resided in non-first-tier cities in China. About 70% of its paying users on the Weixin platform came from lower tier cities during the same period. With its solid market position in these areas, the Company is well-positioned to capitalize on China’s outbound travel boom.

Younger users are becoming the dominant force in China’s outbound market. Users born after the 90s now make up over 50% of outbound travel spending. The new generation of travelers, known as the Gen-z, is accustomed to digital life and booking travel online. They prefer free and independent travel and make bookings through Weixin and mobile applications.

Tongcheng Travel has launched a series of products and services tailored to Chinese outbound travelers and overseas Chinese. To satisfy demand from young travelers seeking “unique” and “exploratory” trips, Tongcheng Travel has offered customized packages for Jay Chou’s “Carnival World Tour 2023” in Bangkok. These packages bundle accommodation, airport transfers and limousine and concert ticketing into a one-stop concert travel experience.

Presently, Tongcheng Travel provides online accommodation reservation services for approximately 390,000 hotels and alternative accommodation options in over 380 cities in China through multiple channels such as its mobile application, Weixin-based mini-program and website. It also covers around 790,000 hotels and alternative accommodations in more than 10,000 overseas destinations.

Hashtag: #TongchengTravel

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

About Tongcheng Travel Holdings Limited (HKSE Stock Code: 0780.HK)

Travel is a one-stop shop for users’ travel needs. With the mission “make travel easier and more joyful”, Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, and products including package tour, self-guided tour and cruise, including a wide array of transportation and leisure travel scenarios primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile apps, quick apps and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user experience and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to intelligent travel assistant.

For more information, please visit the Group’s website at

Japan Provides Grant to Laos for New Bridge

Representatives of the Japanese Embassy at the Japan-Lao Strategic Partnership meeting. (Photo supplied)

The Government of Japan has provided a grant of USD 71,500 to support the construction of a new concrete bridge in Na-Han-Noi Village, Savannakhet Province, Laos.