Amidst a backdrop of economic challenges, Laos experienced a marginal decline in its inflation rate, dipping to 24.98 percent in March from February’s 25.35 percent, as reported by the Lao Statistic Bureau.
Natural Catastrophes Caused USD 65 Billion Economic Loss in Asia Pacific in 2023, Aon reports
91 percent of losses in Asia Pacific were uninsured
SINGAPORE – Media OutReach Newswire – 2 April 2024 – Aon plc (NYSE: AON), a leading global professional services firm, today published Asia Pacific insights from its 2024 Climate and Catastrophe Report, which identifies natural disaster and climate trends both globally and for Asia Pacific, to help businesses make better decisions to manage volatility and enhance resilience.
The report reveals that 398 natural disaster events occurred globally in 2023, resulting in a USD 380 billion (2022: USD 355 billion) economic loss during the 12-month period under review – 22 percent above the 21st-century average – driven by significant earthquakes and relentless severe convective storms (SCS) in the U.S. and Europe.
Economic losses in the Asia Pacific region specifically, driven primarily by floods in China and drought in India, reached USD 65 billion – 48 percent lower than the 21st-century average. Meanwhile, the ‘protection gap’ – the proportion of total losses that were uninsured – for Asia Pacific stood at 91 percent, with only 9 percent of losses, or USD 6 billion, of economic losses covered by insurance. This is below the 21st-century average of USD 15 billion, highlighting the urgency to expand insurance protection in the region.
George Attard, CEO of Reinsurance Solutions for Aon’s Asia Pacific region, said: “The findings from Aon’s 2023 Global Risk Management Survey for Asia Pacific demonstrate that although climate change is not featured in the top ten, it directly impacts four of the top ten risks for businesses, that is business interruption, rapidly changing market trends, supply/chain distribution failure and regulatory or legislative changes. With climate driving new extreme weather records, businesses increasingly need to quantify and address the direct and indirect impact of climate risk. Businesses must therefore leverage advanced analytics and experts to help analyse climate trends and make better decisions to address risks and increase the resiliency of their operations, workforces and the communities they impact.”
Flooding remains a recurring threat
The 2024 Climate and Catastrophe Insight report reveals that flooding remained a recurring threat in Asia Pacific, with annual losses having exceeded USD 30 billion every year since 2010. Flood losses overall proved to be the costliest peril for the fourth consecutive year, accounting for more than 64 percent of the loss total in 2023. About half of the Asia Pacific losses were related to flooding in China, which resulted in more than USD 32 billion economic losses and USD 1.4 billion of insured losses. Many places saw significant flooding and record rainfall events in 2023, including Hong Kong, South Korea, India, and Pakistan. The South Asia floods (Pakistan and India) resulted in nearly 2,900 fatalities. Much of the impact stemmed from regions where insurance penetration is very low.
Areas with high populations are generally better equipped for natural disasters through investment and potentially higher insurance take-up, but the flipside is that the significant urban growth can lead to unforeseen risks, especially when it comes to unprecedented weather events. In Hong Kong for example, typhoons are expected, and the associated risks are well understood. However, the 2023 rainfall-induced flash flooding was beyond average levels, exposing significant protection gaps.
With economic losses of nearly USD 13 billion and insured losses of USD 1.4 billion, tropical cyclone losses for Asia and Oceania were 53 percent, and 70 percent below their 21st-century averages. The number of fatalities from tropical cyclones stood relatively low for the second year in a row. This might be a result of improved disaster response and adaptation measures; however, many communities remain vulnerable in countries such as Myanmar, where at least 463 people died due to the impact of Cyclone Mocha in May.
Increasing number of events
The Asia Pacific region was rocked by several large earthquakes in 2023. Nearly 1,500 people were killed after a series of earthquakes in Afghanistan’s Herat Province in October, and more than 200,000 homes were damaged in China’s Gansu Province in December. Extreme heat was another unexpected peril in the Asian region in 2023. Parts of the region experienced prolonged periods of extreme temperatures in 2023. China endured a new national heat record with the temperature soaring to 52.2°C in July.
Notably, a multi-week-long heatwave impacted many countries in South and Southeastern Asia in April and May. Additional losses in billions of dollars resulted from drought conditions that affected China and India particularly.
Brad Weir, head of analytics of Reinsurance Solutions in Asia for Aon, said: “The 2024 Climate and Catastrophe Insight report highlights the vulnerability of the region to disasters and how the lack of insurance exacerbates business risks. With climate variability we see natural hazards impacting areas that in recent times may have been largely unaffected, meaning those communities are generally under-prepared and may not have adequate insurance in place. Closing the protection gap will therefore continue to pose a challenge but also a huge opportunity for Asia Pacific. There is a growing need for advanced climate modelling and risk assessment analytics for better disaster preparedness and planning to reduce risk, protect lives and promote resilience.”
The top 10 Asia Pacific economic loss events in 2023 were:
Date | Event | Location | Deaths | Economic Loss
($ billion) |
05/22-09/30 | Flooding | China | 370 | 32.15 |
04/01-10/31 | Drought | India | N/A | 3.60 |
01/01-12/31 | Drought | China | N/A | 2.70 |
05/13-05/15 | Cyclone Mocha | Myanmar, Bangladesh, India | 466 | 2.30 |
07/26-08/01 | Typhoon Doksuri | Philippines, Taiwan, China, Vietnam | 106 | 2.15 |
10/04 | Flooding | India | 179 | 1.40 |
05/28-06/02 | Flooding | Japan | 5 | 1.35 |
08/26-09/03 | Typhoon Saola | Eastern Asia | 1 | 1.35 |
04/01-04/30 | Flooding | China | 0 | 1.00 |
12/18 | Earthquake | China | 151 | 1.00 |
The top 10 global economic loss events in 2023 were:
Date | Event | Location | Deaths | Economic Loss
($ billion) |
02/06-02/20 | Turkey and Syria Earthquakes | Turkey and Syria | 59,272 | 92.4 |
05/22-09/30 | China Floods | China | 370 | 32.2 |
10/25-10/26 | Hurricane Otis | Mexico | 52 | 15.3 |
01/01-06/30 | La Plata Basin Drought | Brazil, Argentina, Uruguay | N/A | 15.3 |
01/01-12/31 | U.S. Drought | United States | N/A | 14.0 |
05/13-05/17 | Emilia-Romagna Floods | Italy | 15 | 9.8 |
03/01-03/03 | Severe Convective Storm | United States | 13 | 6.2 |
07/21-07/26 | Severe Convective Storm | Europe | 11 | 5.8 |
08/08-08/17 | Hawaii Wildfires | United States | 100 | 5.5 |
03/31-04/01 | Severe Convective Storm | United States | 37 | 5.5 |
With efforts to limit global warming, business and investors can consider climate change from three perspectives: protecting their portfolios against financial risks; benefiting from growth opportunities in climate solutions; and determining how to have a positive impact and play a role in a world moving to net-zero.
Insights to Aon’s 2024 Climate and Catastrophe Insight report for Asia can be found at the following link: Climate Events in Asia Create Opportunities for Collaboration and Innovation | Aon
Hashtag: #aon
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About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.
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The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.
Hotel Central Macau Won the Starlight Award “Annual Designer’s Boutique Hotel”
Macau’s Sole Award-Winning Heritage Hotel
MACAU SAR – Media OutReach Newswire – 2 April 2024 – Following its revitalization by Lek Hang Group, Hotel Central Macau has been honored with the title of “Annual Designer’s Boutique Hotel” for the year 2024 at the 19th China Tourism and Culture Starlight Awards, distinguishing it as the only heritage hotel in Macau to receive this accolade.

Mr. Sio Chong Meng, Founder and Chairman of Lek Hang Group, stated, “The group’s renovation project for Hotel Central was carried out with a commitment to preserving the original structure and street-facing façade. We also preserved the distinctive rooftop features that contribute to the overall architectural integrity of the complex.” He added, “We invited CCD Cheng Chung Design (HK) to restore and integrate design elements from the hotel’s illustrious past and other nearby heritage buildings of similar vintage into every aspect of the hotel. This labor of love from Lek Hang Group and our partners has been recognized by the industry.”
According to the introduction, the guest rooms are located on the fifth to tenth floors of Hotel Central. Each pair of floors is designed to represent a specific era from the 1920s to the 1940s, with delicate and precise design language that showcases the unique charm and cultural reminiscence of those periods.

The 1920s Theme: Comfort and Relaxation The fifth and sixth floors embody the theme of the 1920s, reflecting the early stage of the hotel with a focus on comfortable and relaxed decor. The design avoids overly complicated ornamentation, striking a perfect balance between functionality and aesthetics. The spaces feature nostalgic wood veneers and low-saturation gray-green textured paint, evoking a strong retro ambiance.

The 1930s Theme: Historical Imprints The seventh and eighth floors are themed around the 1930s, recreating the historical imprints of Macau a century ago. Old newspapers and posters serve as decorations, highlighting the city’s rich historical and cultural heritage. Western influences blend with Lingnan style window patterns, portraying the architectural characteristics of Macau at that time. Colorful tiles in the bathrooms echo the vintage elements in the sleeping quarters, creating a subtle dialogue between past and present.

The 1940s Theme: Bridging History and Modernity The ninth and tenth floors embrace the 1940s theme, constructing a bridge between the historical and contemporary Hotel Central. The mint green once cherished by innovators returns to the guest rooms, complemented by accents of black and white, dark gold, and antique copper. Through spatial imagery, the rooms awaken dormant memories, with a wall of old photographs narrating the passage of time.
The China Tourism and Culture Starlight Awards, often referred to as the “Oscars of China’s Tourism and Culture,” have become the most prestigious and influential award event within China’s hospitality industry after 19 years of deep cultivation, symbolizing the highest honor in the hotel and tourism sectors.
Situated in the heart of Macau’s Avenida de Almeida Ribeiro, the rejuvenated Hotel Central, under Lek Hang Group, offers 114 rooms themed around nostalgia. Integrating modern technology and eco-friendly concepts, each room is equipped with luxurious international brand beds and silky smooth sateen pure cotton bed linens. Top-tier bathroom amenities are provided from American brand KOHLER® and Italian brand Evviva. All equipment and supplies are carefully designed and selected to match the room’s era theme harmoniously. Complimentary drinks and snacks, including Portuguese red wine and handcrafted coffee, are provided in the in-room mini-bar. The hotel also provides rental services for period costumes and vintage clothing, White Glove Butler Services, and “Golden Key” VIP privileges, ensuring the most attentive and professional services to all guests.
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About Lek Hang Group
Established in 1991, Lek Hang Group has become a pillar of Macau’s business landscape, adhering to a philosophy of “Diligence and Focus, Grounded in action” and growing alongside the region. Over three decades, the group has diversified into real estate, construction, hotel management, dining, mall operations, and advertising planning, all while actively engaging in corporate social responsibilities. These efforts include revitalizing old districts and contributing to the community, reflecting the group’s commitment to long-term strategic planning and the stable development of its businesses.
HDBank announces financial statements with profit of $524 million, ROE 24.2%, releases 2024 ESG report

HCM CITY, VIETNAM – Media OutReach Newswire – 1 April 2024 – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – stock code: HDB) on March 29 announced its 2023 audited financial statements, which show it achieved its best ever results with pre-tax profit exceeding VND13 trillion (US$524 million), an increase of 26.8%, further consolidating its rapid and steady growth.

HDBank has announced its audited financial statements for 2023, which show it achieved its best ever results. — Photo courtesy of HD Bank
In the past 10 years HDBank has achieved a compounded annual growth rate of 49.1%.
Profitability ratio ROA is 2% and ROE is 24.2%, both higher than last year and keeping HDBank among the group of leading banks in these crucial indicators.
Its capital adequacy ratio (CAR) of 12.6% is equal to 150% of the ratio stipulated for the banking industry under Basel II norms. Its non-performing loan ratio is only 1.5% and other prudential indicators are all positive.
As of December 31, 2023, HDBank’s total assets were worth over VND602 trillion ($24.3 billion), up 44.7% from a year earlier.
Deposits were up 46.5% at VND537 trillion ($21.6 billion), and the consolidated credit balance was 353 trillion ($14.2 billion), up 31.8%.
To maintain sustainable growth momentum, on one hand HDBank is steadfast in its strategic focus on multi-purpose retail, small and medium enterprises and consumer finance, and on the other proactively adopts the best international standards for modern banking management.
In 2023 the bank pioneered upgrading to Basel III international governance standards and embracing an environmental, social and governance (ESG) strategy.
HDBank is the first in Vietnam to publish an ESG report in 2024 as part of its efforts to help Vietnam achieve its commitment of achieving net zero greenhouse gas emissions.
HD SAISON Finance Co. Ltd., a joint venture with a Japanese partner, achieved leading business results in terms of profit and safety among financial companies.
In addition to vibrant business activities, HDBank has also discharged its social responsibility through meaningful programmes nationwide.
HDBank was honoured with many prestigious awards in the past year such as the ASEAN Business Awards 2023 – Digital Innovation Award by the ASEAN Business Advisory Council, Board of The Year awarded by the Vietnam Institute of directors (VIOD), and Best Retail Bank in Vietnam in 2023.
The bank also won award for Listed Companies with Best Orgnisation of Annual General Meeting by the Ho Chi Minh City Stock Exchange, Hanoi Stock Exchange and Investment Review newspaper.
Hashtag: #HDBank
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About HDBank
HDBank stands as one of Vietnam’s prominent financial institutions, deeply committed to promoting ESG, sustainable development, innovation, and development.
The bank’s mission is to offer financial solutions that enable both individuals and businesses to thrive and prosper.
Celebrating 5 Years of Empowering Fertility Wellness: Babies Bliss Marks Milestone Anniversary

SINGAPORE – Media OutReach Newswire – 1 April 2024 – Babies Bliss is proud to announce the celebration of its 5-year anniversary, marking a significant milestone in its mission to empower couples on their fertility journey.

As part of the celebration, Babies Bliss is offering a special one-time 20% discount on its thermal wellness therapy as a way to give back to those who have supported its growth. Clients can contact Babies Bliss at 86140898 via WhatsApp or fill out a consultation form at https://www.babiesbliss.com.sg/consultation/ to redeem this promotion.
This occasion also provides Babies Bliss with the opportunity to reflect on the centre’s journey and strengthen its relationships with its clients.
Providing Over 5000 Fertility Support Sessions Since 2019
Established in 2019, Babies Bliss dedicates itself to providing compassionate care, holistic treatments, and fertility support services to those navigating the challenges of infertility and reproductive health. Over the past 5 years, the centre has provided over 5000 fertility support sessions to help numerous couples achieve their lifelong dreams of starting a family in Singapore.
“During IVF, my husband and I discovered that we both have fertility issues that affected our chances of conceiving. This discovery left us shattered and disheartened. We were close to giving up before I chanced upon Babies Bliss through an Instagram post and contacted the centre for a fertility consultation. After heeding Angelia’s advice regarding my diet, diligently practising the fertility yoga poses she recommended, and receiving regular fertility massages at Babies Bliss for about 8 months, I finally got pregnant in the first round of frozen transfer after undergoing another round of IVF,” said Ms Emanuel, a client of Babies Bliss, who had tried diligently for six years to conceive a child.
Expanding Babies Bliss’s Fertility Wellness Services
Over this period, Babies Bliss has also broadened its range of services to better serve its clients’ needs. To aid couples as they embark on their fertility journey, the centre introduced a non-invasive, evidence-based, adjunct therapy, termed Hyperbaric Oxygen Therapy (HBOT), to help men and women get their reproductive systems in optimal health before trying for a baby.
In addition, the centre expanded upon its fertility massages to provide new mothers with a postnatal massage therapy designed to enhance blood flow and relieve tension in the muscles used during labour and after birth, preparing the body for recovery and improving their overall well-being.
“As Singapore’s total fertility rate falls to a historic low of 0.97 in 2023, it is more pivotal than ever for us to extend our support to those dealing with fertility issues. At Babies Bliss, we aim to offer something different and more caring for women facing infertility, with our approach focused on helping clients develop a holistic lifestyle rather than just relying on conventional methods.”, said Angelia Ng, founder of Babies Bliss.
Looking Forward To Many More Years Of Service
Looking ahead, Babies Bliss remains committed to its mission of empowering fertility wellness and supporting individuals and couples in achieving their family-building goals.
“As we commemorate our 5-year anniversary, we reaffirm our commitment to providing compassionate care and personalised support to individuals and couples on their fertility journey.”, added Angelia. “We are excited about the future and the opportunity to further expand our impact in supporting fertility wellness.”
For more information about the centre and its services, please visit its website or contact Angelia Ng, founder of Babies Bliss Fertility Wellness.
Hashtag: #fertilitymassagesingapore
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Babies Bliss
Established by Angelia Ng, a leading fertility specialist with more than 19 years of experience in the industry, Babies Bliss is a fertility wellness centre that provides comprehensive fertility support services to help couples in Singapore deal with their infertility issues.
Gmail Revolutionized Email 20 Years Ago, People Thought It Was April Fool’s Day Joke
SAN FRANCISCO (AP) — Google co-founders Larry Page and Sergey Brin loved pulling pranks, so much so they began rolling outlandish ideas every April Fool’s Day, not long after starting their company more than a quarter century ago. One year, Google posted a job opening for a Copernicus research center on the moon. Another year, the company said it planned to roll out a “scratch and sniff” feature on its search engine.
The jokes were so consistently over-the-top that people learned to laugh them off as another example of Google mischief. And that’s why Page and Brin decided to unveil something no one would believe was possible 20 years ago on April Fool’s Day.
It was Gmail, a free service boasting 1 gigabyte of storage per account, an amount that sounds almost pedestrian in an age of one-terabyte iPhones. But it sounded like a preposterous amount of email capacity back then, enough to store about 13,500 emails before running out of space compared to just 30 to 60 emails in the then-leading webmail services run by Yahoo and Microsoft. That translated into 250 to 500 times more email storage space.
2024 China-ASEAN Youth Culture Week and the 7th China-ASEAN Youth Symposium Successfully Held

BEIJING, CHINA – Media OutReach Newswire – 1 April 2024 – On March 31st, the 2024 China-ASEAN Youth Culture Week and the 7th China-ASEAN Youth Symposium, themed “Youth Practice in Mutual Learning and Exchange among Civilizations,” were successfully concluded in Beijing. Over four days, more than a hundred youth delegates from China and ASEAN countries participated in a series of events including the opening ceremony, the launch of “I Show ASEAN”: China-ASEAN Youth Story Collection, Roundtable Forums, Academic Sessions, Citywalk, Chine-ASEAN Fusion Kitchen, and Cultural Night.
During the opening ceremony, Vice President of China International Communications Group (CICG), Lu Cairong, Undersecretary of State, Ministry of Commerce of Cambodia, Svay Nakry, Executive Director of the ASEAN University Network(AUN), Dr. Choltis Dhirathiti, Senior Deputy Governor of Bank Indonesia, Destry Damayanti, Ambassador of Singapore to China, Peter Tan, and President of Peking University Alumni Malaysian, Nai Chen Huang, delivered speeches, expressing their hopes for enhanced communication and cooperation among youth from all nations, injecting vitality into China-ASEAN relations, and wishing for the success of the event.
Yong Kaiqing, a representative of China-ASEAN youth, advocated mutual respect for diverse cultures, seeking resonance in diversity, promoting regional dialogue and cooperation, voicing opinions in regional affairs and policy-making, and contributing to cultural exchange and mutual learning.
During the launch ceremony of “I Show ASEAN”: China-ASEAN Youth Story Collection, six foreign employees from Chinese enterprises in ASEAN countries shared their perspectives on the China-ASEAN community with a shared future, narrating stories of their involvement in ASEAN projects, mutual benefits between China and ASEAN people, and cultural integration from a personal angle.
Two roundtable forums focused on “How can China-ASEAN youth promote inter-cultural exchange in the region?” and “How has emerging technology reshaped the social lives and experiences of youth in the ASEAN-China region?” respectively. Participants discussed the leadership role of youth in cultural exchange, and educational reforms amid technological developments, emphasizing the crucial role of youth in bridging China and ASEAN through cooperation and the impact of scientific and technological development on the younger generation.
During the academic sessions, each youth representative chose one of the five major themes: Food, Culture, Earth, Technology and Development, engaging in in-depth deliberations and heated discussions, proposing corresponding solutions from a youth perspective.
Throughout the cultural week, China-ASEAN youth representatives also participated in various cultural exchange activities, visited the Railway Engineering Corps Memorial Hall, Chinese Medicine Cultural Center of Beijing University of Chinese Medicine, China-ASEAN Environmental Cooperation Center, and the Food and Agricultural Organization Representation Office in China, experiencing the similarities and differences between Chinese and ASEAN cultures firsthand. In the China-ASEAN Fusion Kitchen, representatives showcased their creativity by preparing unique fusion cuisine blending Chinese and ASEAN flavors. At the Cultural Night themed “Balik Kampung” (Return to Hometown), youth delegates experienced the unique “kampung spirit”, sampling Southeast Asian delicacies and enjoying exciting live performances. During the Citywalk, youth delegates embarked on a vibrant journey through Beijing, experiencing the unique charm of Chinese culture.
2024 marks the ASEAN-China Year of People-to-People Exchanges. The event was jointly organized by the Center for International Cultural Communication(CICC), the Southeast Asian Association of Peking University(SAAPKU), the Institute of Area Studies, Peking University(PKUIAS), and Boya Group, aiming to provide a platform for China-ASEAN youth to deepen mutual understanding and friendship and further promote the development of China-ASEAN relations through the power of youth.
Hashtag: #CICC
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Nord Pacific Medical to bring regulatory and market access services to East Asia

SINGAPORE – Media OutReach Newswire – 1 April 2024 – Nord Pacific Medical has launched across the East Asian market, building upon sister company Andaman Medical’s legacy by offering across-the-board regulatory and market access support for manufacturers and distributors of medical devices and in vitro diagnostics (IVD).
With four offices across Hong Kong, Japan, Korea and Taiwan, Nord Pacific Medical will offer regulatory and market access services such as device registration, local authorized representative services, post-market surveillance, regulatory intelligence, and importation.
“The launch of Nord Pacific Medical to our portfolio of companies is another step towards our ambition to become the number one partner for medical device and IVD regulatory outsourcing in Asia,” said Nord Pacific Medical founder and CEO Mourad Kholti.
The expansion is a welcome development for medical devices and IVD manufacturers that are looking to tap the fast-growing East Asian markets with the help of a dedicated partner in navigating their regulatory and market access challenges.
Comprising in-house experts who stay up-to-date with regulatory changes for each market, Nord Pacific Medical is ideally positioned to serve medical devices and IVD manufacturers as a one-stop shop for regulatory affairs and logistics solutions.
“Our mission is to help manufacturers and distributors bring the latest and greatest advancements in healthcare technology to the forefront, ensuring that patients receive the highest-quality care possible,” said Mourad Kholti.
Hashtag: #NordPacificMedical
https://nordpacificmed.com/
https://www.linkedin.com/company/nord-pacific-medical
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ABOUT NORD PACIFIC MEDICAL
Nord Pacific Medical is at the forefront of regulatory excellence in the medical devices and In-Vitro Diagnostics (IVDs) industry. Building on Andaman Medical’s legacy, Nord Pacific Medical offers seamless integration into the East Asian market with services including device registration, local authorized representative services, and QMS compliance with ISO 13485 certification. With offices across Hong Kong, Japan, Korea, and Taiwan, we ensure a broad market access spanning 11 Asian countries. Our comprehensive suite of services includes everything from device registration to market access strategies for a seamless and efficient pathway for your products.
For more information, please visit our website at https://nordpacificmed.com/