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Calling All Global Innovators: Keep Up with the Golden Era of I&T

HKSTP heads to LEAP 2024 to fuel the Saudi and Middle East tech boom and spark collaboration between fast-rising global innovation forces amidst new phase of Belt and Road Initiative


HONG KONG SAR – Media OutReach Newswire – 28 February 2024 – Two innovation and technology flagships in Hong Kong, the Hong Kong Science and Technology Parks Corporation (HKSTP) and the Hong Kong Cyberport, are collaborating to co-host the first-ever Hong Kong Pavilion at Saudi Arabia’s largest tech event, “LEAP 2024”, in Riyadh from 4-7 March. The event will showcase 16 cutting-edge technologies from Hong Kong to over 172,000 visitors, symbolising a significant milestone for the Hong Kong I&T industry on the global stage.

Eight forward-looking startups and tech ventures from HKSTP will be featured at the Hong Kong Pavilion, with cutting-edge innovation from sectors such as biotech, healthtech, logistics, AI, robotics, and new energy (refer to Appendix for details of the eight companies). HKSTP aims to establish partnerships with Saudi businesses and inject new energy into the Belt and Road Initiative, which encompasses over 180 countries and international organisations, including the Middle East.

Mr Albert Wong, CEO of HKSTP, stated, “A golden era of innovation and technology is emerging in Hong Kong, the Greater Bay Area, and across Asia, and we see incredible co-innovation potential in the joining of our two ecosystems in Hong Kong and Saudi Arabia. HKSTP’s participation in LEAP 2024 signifies our commitment to leaping into new worlds and embracing the new cradle of global innovation, which is multilateral and impactful. Our mission is to propel success by advancing in the journey from research to commercialisation, from innovation to financial success, for both home-grown and international startups.”

HKSTP is proud to forge strong connections between two of the world’s rapidly rising forces in global innovation. Hong Kong’s vibrant startup scene ranks second in the world and first in Asia among the Top 100 Emerging Ecosystems, with an estimated value of the city’s startup ecosystem at US$70 billion, twice the global average.1 In parallel, the Saudi tech market reached an impressive US$40 billion by the end of 2022, solidifying its position as the largest in the MENA region.2

As part of the LEAP 2024 event, HKSTP will host a high-profile discussion panel focused on the growing biotech and healthtech sectors, which are key areas for collaboration as both Hong Kong and Saudi Arabia have prioritised them as pillars for economic diversification and future growth.

Titled “Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” the panel will be moderated by HKSTP’s CEO Mr Albert Wong and feature leaders in the Hong Kong biotech and healthtech innovation scene: Prof Samuel Au, President of Cornerstone Robotics; Mr Chi Man Lam, Founder and CEO of Applied Technology Group; and Dr Zhu Tian, Co-Founder and CEO of GenEditBio.

Saudi Arabia’s Minister of Communication, Information and Technology (MCIT) H.E. Eng. Abdullah Al-Swaha visited Hong Kong Science Park at the “One Gateway Shared Vision – Hong Kong Special Administrative Region x Kingdom of Saudi Arabia” event in July 2023, presenting boundless opportunities for tech companies, start-ups and talent. Supported by MCIT Saudi Arabia, LEAP 2024 shall deepen cooperation of two I&T forces and fortify the Hong Kong-Saudi relations in the Belt and Road region.


For more information on LEAP 2024, please visit:

https://www.hkstp.org/our-community/events-and-happenings/leap-2024/

Hong Kong Pavilion @ LEAP 2024

Date: 4 to 7 March 2024

Venue: Riyadh Exhibition and Convention Centre, Malham, Saudi Arabia (Hall 5 – World Tech)

Booth Number: HKSTP H5.D10 | Cyberport: H5.C10

“Hong Kong Healthtech Innovations Driving Global Transformation for Generations to Come” Panel Session presented by HKSTP

Date: 4 March 2024

Time: 14:40 – 15:20

Venue: Orbital Stage, Hall 5

Data Sources:
1 https://www.investhk.gov.hk/es/why-hong-kong/whats-happening-hong-kong/a-global-hub-of-innovation-and-technology/#:~:text=According%20to%20the%202023%20Emerging,fundraising%20hub%20for%20biotechnology%20companies.

2 https://www.frost.com/frost-perspectives/unlocking-growth-opportunities-saudi-arabias-booming-ict-sector/#:~:text=According%20to%20The%20Communications%2C%20Space,in%20reshaping%20policies%20and%20regulations

Appendix: HKSTP Park companies participating in LEAP 2024 (arranged in alphabetical order according to company names):

ALcarbo Technology Limited (ALcarbo)
ALcarbo is a biotech company pioneering a sustainable algae photobioreactor system to absorb and neutralise carbon dioxide. At LEAP 2024, Alcarbo will introduce its new carbon-capturing algae reactor.

Applied Technology Group Limited (ATG)
ATG is a healthtech company using cloud computing and big data analytics to develop one-stop healthcare management platforms. ClinicONE, a smart clinic solution for doctors and patients, will be showcased at LEAP 2024.

Cornerstone Robotics Limited (CSR)
CSR is committed to developing practical and innovative solutions and providing high-quality medical devices for users and patients around the world. Sentire Endoscopic Surgical System, a surgical robot developed by CSR, will make its debut in the Middle East at LEAP 2024.

Fano Labs Limited (Fano Labs)
AI expert Fano Labs will introduce Callinter, an AI interaction analytics system, at LEAP 2024. Callinter empowers contact centres to analyse customer interactions and specialises in analysing call recordings in multilingual and mixed language settings.

FJ Dynamics International Limited (FJ Dynamics)
FJ Dynamics is a robotic company providing digital and autonomous solutions for agriculture, construction, and other sectors. At LEAP 2024, FJ Dynamics will be showcasing the three components of its Digital Construction Management Platform – 3D LiDAR Scanner, Digital Construction Machine Control System, and RTK Rover.

Floship Limited (Floship)
Floship is a leading global circular supply chain and fulfilment solution provider for global e-commerce brands and crowdfunding campaigns. First time joining LEAP, Floship will introduce its new warehouse and fulfilment locations across the Middle East and Australia.

Geek Plus International Company Limited (Geek+)
Geek+ is a global leader in reliable mobile robotics and a smart logistics provider. In 2023, Geek+ opened the first robotic e-commerce fulfilment centre in Saudi Arabia with Starlinks. At LEAP 2024, Geek+ will demonstrate how its picking robots maximise warehouse efficiency and boost picking accuracy.

Halo Energy​ Limited (Halo Energy)
Halo Energy is a provider of smart and sustainable electric-vehicle (EV) charging solutions. First time joining LEAP, Halo Energy will showcase its award-winning Active Load Management System, which optimises power distribution to maximise efficiency, along with other charging management platforms.

Hashtag: #HKSTP

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

About Hong Kong Science and Technology Parks Corporation

Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 with a mission to position Hong Kong as an international innovation and technology (I&T) hub. HKSTP has created a thriving I&T ecosystem supporting over 10 unicorns with more than 13,000 research professionals and around 1,700 technology companies from 24 countries and regions focused on healthtech, AI and robotics, fintech and smart city technologies.

We offer comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures on their I&T journey. Our growing innovation ecosystem is built around our key locations of Hong Kong Science Park in Shatin, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long. The three InnoParks are realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined for a new generation of industry.

To support Hong Kong’s future development and its growing demands of the I&T industry, HKSTP is actively connecting the city with Shenzhen. This aims to strengthen cross-border exchange, attract technology companies as well as talent from around the world, helping them go global by exploring the mainland China and overseas markets.

Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen, opened in September 2023 with a gross floor area of 31,000 square meters. The two buildings provide both dry and wet laboratories, co-working areas, conference and exhibition spaces, and more. We will focus on attracting enterprises in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability.

Through our infrastructure, services, expertise, and network of partnerships, HKSTP will help establish I&T as a pillar of growth for Hong Kong, while reinforcing the city’s international I&T hub status as a launchpad for growth at the heart of the GBA innovation powerhouse.

More information about HKSTP is available at .

National Anti-Corruption Commission Thailand Exposes More Than 1,500 Instances of Corruption Through Proactive Investigations


BANGKOK, THAILAND – Media OutReach Newswire – 28 February 2024 – The Office of the National Anti-Corruption Commission (NACC) is steadfast in its role as Thailand’s principal agency for corruption prevention and suppression. The NACC’s National Corruption Deterrence Center (CDC) has reported the identification of 1,553* corruption cases with project values totaling over 140 billion baht between January 19, 2022, and the end of January 2024.

Mr. Niwatchai Kasemmongkol, the Secretary-General of the NACC, highlighted the CDC’s crucial role since its inception on January 19, 2022. The Center is instrumental in monitoring, evaluating, and investigating corruption cases, in line with the policy to actively prevent and suppress corruption. Over the past two years, the CDC’s effective preventative measures have significantly reduced the number of corruption cases within the suppression system.

The CDC’s operational report reveals the following actions taken on the identified cases:

  • 985 cases have undergone verification, and monitoring, and have been directed to the appropriate agencies for action.
  • 339 cases have been successfully resolved by the responsible agencies.
  • 169 cases are in the preparatory phase pending initial data verification.
  • 60 cases have been confirmed as corrupt activities and are now recorded in the Preliminary Examination System on Corruption Accusation (PESCA).

The cases reported to the CDC encompass various categories, including:

  • 1,151 cases related to the scrutiny of procurement and construction in public utility projects.
  • 223 cases of misconduct or neglect of duty.
  • 130 cases involving the misuse of public resources by state officials.
  • 47 cases of solicitation or acceptance of assets or other benefits by state officials.
  • 2 cases of unusual wealth amongst state officials.

The NACC underscores that the cumulative value of projects scrutinized by the CDC exceeds 146.65 billion baht. Without the CDC’s vigilant oversight, these funds could have potentially been lost to corruption.

Furthermore, the NACC is committed to leveraging all its resources to combat corruption, aiming to enhance Thailand’s reputation as a nation striving towards zero corruption. This effort promotes transparency and fosters trade and investment. The NACC’s comprehensive anti-corruption strategies and recommendations to the government reflect the dedication of officials towards achieving a corruption-free Thailand and improving the country’s Corruption Perception Index (CPI) score.

Despite the importance of the CPI score in the national strategy for anti-corruption (2018 – 2037), and the goal to score above 50, Transparency International’s 2023 CPI revealed that Thailand scored 35 points, ranking 108th out of 180 countries globally and 4th among ASEAN members.

Although the CPI score remains low, the NACC is determined to persist in its anti-corruption mission. The Commission believes that the true measure of success lies in the collective efforts of government, public, and private sectors working transparently, monitoring diligently, and uniting against corruption. With an unwavering commitment to zero tolerance for corruption, Thailand can achieve its goal of a corruption-free society.

The NACC acknowledges that while there has been significant improvement in the corruption situation in Thailand, the CPI score has not reflected this progress adequately. The Commission urges Transparency International to disclose the sources of their survey data and provide targeted recommendations, enabling precise resolutions to the issues identified.

* https://www.nacc.go.th/categorydetail/20180831184638361/20240215102232

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.

OVOLO Goes Global With SLH

Ovolo Hotels signs strategic brand alliance with Small Luxury Hotels of the World


LONDON, UK – Media OutReach Newswire – 28 February 2024 – In a landmark partnership poised to elevate Ovolo Hotels’ brand across the Asia-Pacific region and beyond, the designer hotel collection proudly announces a strategic brand alliance with Small Luxury Hotels of the World (SLH), encompassing its iconic boutique designer hotels across Hong Kong, Australia, and Bali. The partnership will see Ovolo Hotels expand its global presence through SLH’s global sales, distribution, and marketing platforms.

Ovolo Hotels, known for its avant-garde approach to tourism and hospitality; is a dynamic and innovative hotel brand with a collection of boutique designer hotels. Each Ovolo represents cutting-edge design, technological integration, and an unwavering commitment to sustainability, encapsulated in its distinctive ‘Do Good. Feel Good.’ policy and achieving the Bronze Benchmark across its Australian and Bali hotels from Earth Check, the world’s leading certification, consulting, and advisory group for sustainable destinations and tourism organisations.

Dave Baswal, CEO of Ovolo Hotels, shared his enthusiasm about the collaboration, saying, “At Ovolo, we are thrilled to partner with Small Luxury Hotels of the World, a brand synonymous with independently spirited hotels and excellence. This strategic alliance not only strengthens our presence across key global markets while remaining independently owned and operated, but also allows us to showcase the distinct character and innovation that defines Ovolo while connecting with travellers emotionally.”

SLH offers discerning guests a prestigious collection of over 560 independently curated hotels in more than 90 countries, each offering bespoke and personalised luxury experiences coupled with a firm sustainability objective. Synonymous with independently spirited hotels, delivering curated stays that reflect the individuality and character of each destination. The brand’s ‘Considerate Collection’ aligns with sustainable practices, embodying a commitment to responsible luxury on a global scale. Each SLH room night booked and stayed using the SLH INVITED loyalty member rate includes a donation to reforestation organisation Tree-Nation. To date, SLH has donated 20,330 trees for an eponymous forest in Tanzania.

Mark Wong, Senior Vice President Asia Pacific, Small Luxury Hotels of the World, expressed passion about the partnership, stating, “We are elated to welcome Ovolo Hotels back to the SLH membership. The renewed alliance with Ovolo Hotels brings more exciting promotional prospects; and elevates SLH’s presence in Australia and wherever the Ovolo Hotels brand name goes. Each characterful Ovolo hotel exemplifies the high standards of excellence and impeccably embodies the spirit of individual character and connects with the independently minded traveller that SLH member hotels are known for.”

This strategic collaboration seamlessly integrates the following hotels from the Ovolo Hotels collection into SLH’s curated collection with plans to add the By Ovolo Collective collection in Q1 2024:

Ovolo hotels:

By Ovolo Collective:

This synergy amplifies the diversity and uniqueness of the offerings, creating a one-of-a-kind proposition for travellers seeking bespoke luxury designer experiences across continents.

Ryan Tuckerman, Group Director of Sales, Distribution & Revenue at Ovolo Hotels, added, “This partnership is a testament to the shared values and commitment to delivering exceptional guest experiences that both Ovolo and SLH have. The integration of our eight distinctive hotels into the SLH collection amplifies the diversity and uniqueness of our offerings, opening new and existing markets through increased sale and distribution networks. Together, we look forward to truly connecting with the independently minded traveller in our regions.”

The collaboration marks the beginning of a new era for Ovolo Hotels as SLH comes together to offer unparalleled experiences that transcend borders and redefine the very essence of bespoke designer luxury.

Ovolo Nishi – Canberra, Australia

Discover Canberra’s culture, nightlife and wildlife in cutting-edge style at Ovolo Nishi – a boutique, eco hotel that’s big on luxury but small on impact. The perfect sanctuary, expect lovingly restored retro furniture, original artworks, and totally stress-free service on call. Plus, every room includes free wi-fi, flat screen TV, a blissful bathroom and 24-hour access to the on-site gym. For added indulgence, stay in a Meandering Atrium suite, and stretch out in the atrium jungle of Tasmanian tree ferns, or recharge in the bathroom with twin overhead rain showers and Insta-worthy concrete bathtub.

Ovolo Woolloomooloo – Sydney, Australia

Relax in style at Ovolo Woolloomooloo, the perfect luxury hotel for exploring Sydney, complete with indoor pool and innovative plant-based dining. Surrounded by gently lapping water, Ovolo Wooloomooloo’s unique location on the wharf offers its guests the ultimate in peace and tranquillity, all within easy reach of Sydney’s buzzing CBD. This five-star hotel brings the historic architecture of a working wharf bang up to date, with a sensitive renovation that honours its industrial heritage. Rooms are generously sized, light, and airy, decorated with pops of colour, mural-adorned headboards, clever lighting, and a nod to modern minimalism.

Ovolo South Yarra -– Melbourne, Australia

Get your groove on at Ovolo South Yarra, a hotel where classic rock and contemporary art collide. Feel cool, calm, and connected as you ease into the rhythm of a rockin’ stay. Rooms are a relaxing mix of neutrals and vintage-vibe prints, offset with accents of colour and chrome. Try the chic Boogie City room, with city views and a comfortable queen bed. Or check in to a Rockstar suite and channel the energy of power couples Sonny & Cher, and John & Yoko.

Ovolo The Valley – Brisbane, Australia

Guests are invited to immerse themselves in Brisbane’s most creative, cultural scene at Ovolo The Valley, a contemporary urban hideaway with a rooftop pool and showstopping Rockstar Suite. Based in Brisbane’s buzzing Fortitude Valley, it pops with colour, contemporary design and all the creature comforts, perfectly mirroring its hip surroundings. Relax by the rooftop pool by day, and drink in (literally) the Valley’s live music, bars and restaurants by night. It’s the perfect retreat for shopaholics, gourmands, and night owls alike.

Ovolo Central – Hong Kong SAR, China

A chic urban gem, Ovolo Central perfectly punctuates Hong Kong’s bustling SoHo and Lan Kwai Fong districts. This design-led spot puts guests at the beating heart of the action – with buzzing restaurants and late-night destinations on the doorstep. Light rooms are a work of contemporary craft. Walls pop with bold artworks and geometric prints, while dedicated seating nooks offer space to unwind. Each room comes equipped with a host of personal perks – think super-soft slippers, tea and coffee on tap, a fully stocked
minibar, and a little loot bag of sweet treats.

Laneways By Ovolo – Melbourne, Australia

Inspired by the hidden laneways and street art that Melbourne is known for, Laneways by Ovolo is the perfect spot to kick off your heels, or slip on some sneakers and hit the cobblestones. Guests can experience easy access to all the top landmarks & points of interest in the city: art galleries, shopping, sporting arenas as well as world-class restaurants & bars. During your stay, be sure to grab a cocktail or pot of local craft beer at the downstairs Amphlett House — an upbeat bistro-pub with honest fare offering vibrant drinks on tap.

Mamaka By Ovolo – Bali, Indonesia

The first-ever beachfront resort by Ovolo, Mamaka by Ovolo raises the bar with its suite of incredible offerings sure to wow guests. The stylish urban resort right in the beating heart of Kuta Legian impresses with maximalist décor that packs a punch as geometric patterns grace the walls and cool blue hues reflect the beachside environment. Then, there are the exquisite facilities including a stylish wellness centre where guests can sweat it out with included boot camp or yoga classes, a rooftop pool that runs parallel to the ocean at Mamaka Rooftop Bar & Pool, and it is also the only hotel in the world to have an official Rip Curl School of Surf.

Hashtag: #OVOLO #SLH

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

About Ovolo Group:

The Ovolo Group was founded by entrepreneur Girish Jhunjhnuwala and first entered the real estate market in 2002; then further expanded into the hotel industry in 2010. Ovolo Hotels quickly became one of Hong Kong and Australia’s most dynamic independent owner operated hospitality firms by providing guests with the best in effortless living across hotels and food and beverage outlets.

The Ovolo Group is a collection of contemporary hotels that keep you connected to the little luxuries you love, all effortlessly included. The company prides itself on being in touch with the modern traveller through award-winning interior designs, detail-driven comforts, complimentary value-added services like the mini bar and breakfast, with cutting-edge technology. Ovolo Hotels have been acknowledged for Hotel and Accommodation Excellence, receiving the accolade “Hotel Brand of the Year”, at the 2019 and 2020 HM Awards.

A proud Hong Kong brand, Ovolo Group remains a family-owned and privately-operated business operating four hotels and three restaurants in Hong Kong, and eight hotels and seven restaurants across Australia in Sydney, Melbourne, Canberra and Brisbane.

Ovolo also has the By Ovolo Collective within its portfolio of hotels, a distinctive collection of four hotels. These include Nishi Apartments in Canberra Australia, The Sheung Wan by Ovolo and The Aberdeen Harbour in Hong Kong, and Mamaka Kuta Beach in Bali Indonesia.

Ovolo acknowledges the Traditional Owners of the lands on which we are located. We recognise their continuing connection to land, waters and culture, and pay our respects to their Elders past, present and emerging.

Do Good. Feel Good. Policy

Ovolo Why:

  • We have a responsibility to contribute positively to the communities in which we operate.
  • Fulfilling a Purpose Beyond Profit – by supporting initiatives related to education, health, environment, and social welfare, the impact we have contributes to the overall well-being of that society and provide a strong sense of meaning and motivation for our people.
  • By actively engaging in philanthropy and community service, we can create a positive and sustainable impact that extends far beyond our business operations, that’s truly meaningful.

About Small Luxury Hotels of the World

Small Luxury Hotels of the World™ (SLH) is the most desirable community of independently minded travellers and independently spirited hotels in the world. We turned the luxury boutique hotel into a phenomenon and selected the distinctive, the diverse and the downright delightful. People, places and experiences with individual character, intimate charm and inherent class. We’ve personally visited, vetted, and verified over 560 hotels in more than 90 countries. We are envisioning a future where people experience the world with intention, experience its intensity and protect its integrity. Be part of the community – join us at INVITED, visit us at , contact travel agent or call the Small Luxury Hotels of the World VIP Desk. Click to view a full contact listing by country.

Media OutReach Newswire Launches USA Press Release Distribution Network


HONG KONG SAR – Media OutReach Newswire – 28 February 2024 – Media OutReach Newswire, Asia’s first global newswire, has launched its own press release distribution network for the USA market.

Media and Journalists Insights

As the first global newswire in Asia to build a dedicated distribution network across the USA, clients will have unlimited access to a proprietary database of more than 50,000 journalists and editors covering more than 443 trade media categories, distribution to Associated Press (AP) Newsroom, and news posting on more than 430 news sites, including APNews, to provide extensive reach to local USA media outlets for corporate announcements, brand and product launches, partnerships, and brand awareness.

Across the US distribution, clients also will benefit from high engagement rates through Media OutReach Newswire’s journalist database of US media outlets that includes The Wall Street Journal, The New York Times, Los Angeles Times, People Magazine, New York Post, Digital Journal and The Washington Post. With email open rates of up to 25 per cent, Media OutReach Newswire’s US distribution is already offering clients unprecedented access to journalists and media outlets across the USA market.

Jennifer Kok, Founder and CEO of Media OutReach Newswire, says the USA distribution network is focused on supporting PR professionals and PR agencies to build authentic media relations with journalists and editors and optimize news write-up opportunities.

“Through our proprietary Media and Journalist Insights, our clients are informed of the number of journalists that we distribute to, and how many journalists by publication have opened their release,” Kok says.

“This information has been lacking in the newswire industry and we are proud to be able to provide these insights to our clients. This journalist engagement provides holistic insights for better strategic communications planning and making informed strategic decisions.”

Media OutReach Newswire’s proprietary Media and Journalist Insights allows clients to monitor journalists’ interaction with their press release with detailed distribution details, email open rates and open rates by publication. This gives clients a powerful tool for strategic communications planning and making informed strategic decisions with holistic PR insights. These ready-to-use post-release reports allow communications professionals to generate intelligence reports in English and Simplified Chinese for C-Suite reporting.

Media OutReach Newswire guarantees news posting on all the world’s financial terminals, reaching financial professionals, investors, analysts, and fund managers globally via Bloomberg Terminal, Refinitiv Eikon, Dow Jones Newswire, Factset, Infront and Morningstar.

Access to international news partners allows brands to reach editors and journalists through Reuters News Agency, Associated Press (AP), Agence France Presse (AFP). Media OutReach Newswire also guarantees news posting to APNews, The Financial Times, Markets Insider, as well as data services of Acquire Media and Comtex.

An integrated communications solution for PR professionals, Media OutReach Newswire’s next generation AI-driven communications portal is redefining press release distribution and connecting brands in Asia to a global network of journalists and media outlets, powered by in-depth reports and PR campaign intelligence.

Media OutReach Newswire has been entrusted by PR and communication departments across Asia and internationally to build their global brand reputation in the USA by engaging journalists and editors for corporate and brand reputation, building media relations, and generating earned media coverage from journalists.

Hashtag: #MediaOutReachNewswire #pressrelease




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

Media OutReach Newswire

Launched in 2009, Media OutReach Newswire is the first global newswire founded in the Asia Pacific region. Headquartered in Hong Kong, the company operates regional offices in Singapore, Malaysia, Vietnam, Japan, China, Thailand, and Taiwan.

Media OutReach Newswire was founded with an objective to facilitate Public Relations and Investor Relations professionals to build authentic relationships with journalists and editors and provide ready to use multiformat reports with pioneering insights and intelligence on Public Relations Campaign performance.

With SaaS portal and proprietary AI technology at its core, Media OutReach Newswire distributes multi-language and multimedia press releases directly to the inbox of editors and journalists to optimise write-ups, build media relations and post their press releases online to build visibility and strengthen organic SEO.

As a pioneering global newswire agency and the voice of Asian companies, Media OutReach Newswire is the only press release company that owns its distribution network in 26 countries across Asia Pacific region, USA, and with partners in Canada, Latin America, UK, Europe, Middle East, and Africa.

For more information about us, please visit:

Take control of emotions: an Octa guide to trading psychology

Learn about the five most common emotions associated with trading in the financial markets and how to overcome them.


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 28 February 2024 – Trading psychology is an essential aspect of trading that many traders often overlook. The ability to control emotions and make rational decisions is crucial to success in the financial markets. In this article, we will discuss some of the common emotions that traders experience and provide tips on how to overcome them.

Octa

1. Fear
Fear is one of the most common emotions that traders experience. Fear can cause traders to panic and make irrational decisions, such as closing a trade too early or not opening it at all.

Sometimes, traders experience FOMO (fear of missing out) when they feel they are failing to earn on a particular market movement while everybody else does. Some such trading trends are often promoted by financial influencers on social media. However strong they may seem, it is better to avoid placing orders on rumours and first carry out a thorough analysis using your preferred tools and indicators.

A tip from Octa experts: to overcome fear, please focus on the trading plan and stick to its rules. The use of risk management techniques is recommended, such as Stop-Loss orders, to limit potential losses.

2. Greed
Greed is another emotion that can be detrimental to trading. It can lead to overconfidence and excessive risk-taking, which can result in significant losses. Greed often leads to keeping the orders open for too long and ultimately to losing what you otherwise could earn confidently. This could backfire even more if staying in the trade even after it has gone loss-making, expecting—or rather hoping for—a trend reversal.

A tip from Octa experts: to overcome greed, focus on long-term goals and avoid getting caught up in short-term gains. Use risk management strategy in place that includes taking profits at predetermined levels.

3. Frustration
Frustration is a common emotion that traders experience when they are not seeing the results they expect. It can lead to impulsive decision-making and cause you to deviate from your trading plan.

There are many reasons for this feeling in the trading arena. For instance, looking for good entry points for orders based on past price movements can be frustrating since past performance does not guarantee future results. As a consequence, you get to the point when you think that no strategy whatsoever works.

A tip from Octa experts: to overcome frustration, focus on the process rather than the outcome, making sure the strategy works as intended and adjusting it when necessary in real time. Using a demo account might also help, as it does not risk real funds while getting all the experience.

Also, it is more likely to make mistakes if feeling stressed or tired. Take a break if there are a series of consecutive losing orders. Get some rest from the emotional pressure and carefully analyse what happened.

4. Overconfidence
Overconfidence is another emotion that can negatively impact your trading, especially if you pair it with reliance on gut feeling and intuition. This is never a good way of conducting trading activities. As lucky as one might be, after a few winning trades, there will inevitably be a streak of losing ones, wiping away all profits and possibly resulting in greater losses.

Being overconfident about the trading strategy is not conductive to it producing better results either. Remember that no strategy is perfect, and always be ready to adjust it. Flexibility is one of the key qualities a trader wants to have in order to keep pace with the fast-paced financial markets.

A tip from Octa experts: keeping a trading journal can help to see the whole picture more clearly, thus enable to analyse the trading performance and identify areas for improvement. Keep track of your trades, including entry and exit points, the reason for the trade, and its outcome.

5. Anxiety
Anxiety is a common emotion that traders experience when they are uncertain about the outcome of a trade. It can lead to overthinking and indecision, which can result in missed opportunities or an inability to exit a trade on time. Anxiously seeking proof that you are right and staying in a trade for too long could result in a costly mistake.
A tip from Octa experts: let your strategy do all the work after you have entered the trade. Ideally, it should include entry and exit levels for your trade, as well as risk management techniques that help you protect your capital. So, stay objective and abide by the already defined rules.

In conclusion, trading psychology is a critical aspect of trading that should not be overlooked. Traders should be aware of the common emotions that they may experience and have strategies in place to overcome them. By focusing on their trading plan, keeping a journal, having a risk management strategy in place, and avoiding emotional decision-making, you can increase your chances of success in the financial markets.

In conclusion, trading psychology is a critical aspect of trading that should not be overlooked. Traders should be aware of the common emotions that they may experience and have strategies in place to overcome them. By focusing on their trading plan, keeping a journal, having a risk management strategy in place, and avoiding emotional decision-making, you can increase your chances of success in the financial markets.

Hashtag: #Octa #trading

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries who have opened more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Forex Broker Malaysia 2022’ and the ‘Most Reliable Broker Asia 2023’ awards from Global Banking and Finance Review and International Global Forex Awards, respectively.

Hinen Supports Mitcham Solar Bulk Buy to Drive Green Transformation in Australia

MITCHAM, AUSTRALIA – EQS Newswire – 28 February 2024 – Community Renewables program is a crucial initiative for creating a sustainable future. To better implement this plan, Mitcham City Council partnered with Shinehub, the largest solar energy installer in the area, to organize the community renewable energy roadshow, “Mitcham Solar Bulk Buy.” The first event concluded successfully on February 26.

Hinen (www.Hinen.com), a leader in residential energy storage, proudly supplied household energy storage products for the event, offering the latest renewable energy solutions and technologies to the Mitcham community. At the roadshow, Hinen showcased the Max low-voltage system as an example of cutting-edge technology. This system maximizes solar energy conversion, achieving 190% PV over-provisioning to efficiently utilize solar panels and meet Australia’s grid-connected power needs. With expandability up to 20kWh, the system caters to various electricity requirements. It features a rapid 20-millisecond emergency power supply (EPS) switching time, robust full metal housing, IP65 waterproof and dustproof rating, low operating noise of ≤25db, high-precision battery algorithms, and five-layer battery protection, making it ideal for home use scenarios.

The roadshow received a warm welcome and active participation from the Mitcham community, highlighting the commitment and potential of transitioning to a greener lifestyle. Attendees highly appreciated the personalized consulting services, receiving tailored energy solution recommendations through one-on-one interactions.

Steve, Hinen’s representative, expressed enthusiasm for the community’s interest in sustainable energy solutions. He stated, “The success of this Roadshow is a significant step toward a greener, sustainable future. We eagerly anticipate collaborating with more communities in Australia to advance sustainable energy solutions.”

This roadshow exemplifies the strong cooperation and shared vision for sustainable development between the Mitcham City Council, Shinehub, and Hinen. Through this collaboration, they promote community participation and the adoption of renewable energy. The roadshow provides abundant resources, professional advice, and innovative solutions, igniting residents’ passion for reducing carbon footprints and embracing sustainable lifestyles.

Mayor Dr Heather Holmes-Ross said she was thrilled with the response from the community. “People are really excited, the response has been fantastic,” she said. “Over 760 households have signed up and we have now offset a total of three power plants, pushing the boundaries of what a community can achieve. Our next steps are even more exciting with a Mitcham exclusive virtual power plant and electric vehicle charges we are transforming the city into a self-sustaining power hub.”

Distributed by APO Group on behalf of Hinen.

Download image: https://apo-opa.co/3TcC2TU

Hashtag: #Hinen

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

Soft Space First In The World To Deploy Live MPoC-Certified Solution

Awarded by PCI SSC, Soft Space’s FasstapTM is the first MPoC-certified SoftPOS solution in the market that supports secure PIN entry.


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 27 February 2024 – Soft Space Sdn. Bhd. (“Soft Space”), the world’s leading fintech-as-a-service (FaaS) provider, today announced that its innovative SoftPOS solution, FasstapTM, is the first in the world to receive the Mobile Payment Commercial Off-the-Shelf (MPoC) Solution Provider certification, awarded by the Payment Card Industry Security Standards Council (PCI SSC).

Fasstap in action
Fasstap in action

As a result of this, Fass Payment Solution Sdn Bhd (“Fasspay”), a wholly-owned subsidiary of Soft Space, is the first acquirer in the world to deploy a live MPoC-certified SoftPOS solution. FasstapTM was the first SoftPOS solution in the market to support secure PIN authentication and has been certified by Payments Network Malaysia Sdn. Bhd (PayNet) since October 2018 and subsequently with Visa in July 2019.

The MPoC certification, given by the de facto authoritative payment standards body, is the most complete PCI SSC certification for SoftPOS solution to date, one that will allow Soft Space to launch a live end-to-end SoftPOS solution in any market globally. This complete certification differs from partial certification of components such as MPoC Software/Attestation and Monitoring. Solution providers that only have partial certifications will still require end-to-end certification to launch a complete live solution. The complete certification covers all of MPoC’s domains from frontend to backend.

“Despite some solution providers having announced partial MPoC certification, they still can’t launch a complete live MPoC-certified solution. Rather than taking a piecemeal approach, Soft Space chose to focus on achieving a complete MPoC Solution certification. Being first in the world to achieve end-to-end MPoC Solution certification is a real game changer for Soft Space and is the ultimate validation that FasstapTM is the market leader for SoftPOS,” said Joel Tay, Chief Executive Officer of Soft Space.

“I’m proud that Soft Space is the first in the world to have done so and this accelerates our ability to bring FasstapTM to the market ahead of our competitors. It also positions us as the go-to partner for banks, acquirers, neobanks and other solution providers seeking a MPoC-certified, reliable and secure SoftPOS solution.”

MPoC is currently the most comprehensive and flexible standard, and surpasses previous standards such as Software-based PIN Entry on Commercial Off-the-Shelf (SPoC) and Contactless Payments on Commercial Off-the-Shelf (CPoC) as well as various contactless standards individual card schemes that VISA and Mastercard have come up with.

The MPoC certification complements the company’s previous achievements, including being the first to receive PCI SPoC certification in August 2019. Soft Space currently has the world’s largest SoftPOS deployment, has patents in various countries, and boasts the most SoftPOS use cases (including innovative applications in transit and logistics).

The MPoC Factor

The arrival of the MPoC standard is set to change the contactless payment scene as the de facto standard moving forward. With this development, only payment solution providers which are officially certified by PCI on its official website are approved MPoC-certified solution providers. The impact of this cannot be overstated as there are many payment solution providers in the market who might claim to be certified solution providers when they are only partially certified.

Against this scenario, Soft Space has distinguished itself as the first SoftPOS provider in the world to achieve end-to-end certification. This is crucial as banks and acquirers will increasingly scrutinise the credentials of solution providers they choose to work with by checking if they are certified on PCI SSC’s website. Soft Space’s early attestation serves as a powerful differentiator, giving the company a strategic advantage over competitors.

“Obtaining MPoC Solution certification is a complex, time-consuming process and is no easy feat. Soft Space’s achievement underscores our unwavering commitment to meet the payment industry’s highest standards. With this, we can help any customer or partner to quickly and effectively promote and deliver digital, frictionless and cost-effective payment acceptance for merchants and banks and acquirers worldwide with greater confidence, as well as to enter more new market segments globally,” said Tay.

Hashtag: #softpos #fintech #MPoC #payments #contactless


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

Soft Space Sdn Bhd

Founded in 2012, Soft Space is a leading fintech player headquartered in Kuala Lumpur, Malaysia. Serving over 80 financial institutions and partners across 30 global markets, Soft Space offers both merchants and consumers a range of solutions, such as contactless payment through mobile devices as well as comprehensive white-label e-wallet services. These technologies enable the easy adoption of digital payments while helping financial institutions better understand and address their customers’ needs. Soft Space’s goal is to leverage its mobile contactless payments expertise and patented technology to reshape finance, domestically and globally.

VinFast wins double awards at Indonesia International Motor Show 2024


JAKARTA, INDONESIA – Media OutReach Newswire – 27 February 2024 – At the 2024 Indonesia International Motor Show (IIMS), VinFast was awarded two prestigious honors: “Favorite SEA Premier Launch” and “Best Booth Car”. These awards, achieved during VinFast’s inaugural brand launch in Indonesia, further solidify the company’s strong reputation and growing presence within the regional market.

VinFast wins double awards at Indonesia International Motor Show 2024


VinFast made a strong impression at its first IIMS 2024 appearance with a wide range of right-hand drive SUVs across segments A-E, including the VF 5, VF e34, VF 6, VF 7, VF 8, and VF 9. This impressive showcase captured the “Favorite SEA Premier Launch” award. The award was granted by a council of prestigious international journalists, and recognizes VinFast’s achievement amongst 188 competing brands.

VinFast’s impressive debut was also highlighted by their award-winning booth, earning the title “Best Booth Car” from the Awards Council. The exhibition area, spanning 670 m2, showcased a diverse fleet of electric vehicles within a modern design that embodied both an electrified future and innovative spirit. This display strongly resonated with the public, inspiring visions of a green, sustainable, and smart transportation future.

VinFast was awarded two prestigious honors:

Mr. Daswar Marpaung, President Director of Dyandra Promosindo, IIMS 2024 Organizer, said: “We are pleased to award VinFast the ‘Favorite SEA Premiere Launch‘ and ‘Best Booth Car‘ awards at IIMS 2024. The official launch into the Indonesian market, featuring a full range of right-hand drive electric vehicles, reinforces the Vietnamese brand’s unwavering commitment to sustainable transportation solutions.

Mr. Tran Quoc Huy, VinFast Indonesia CEO, said: “VinFast is proud to be one of the few brands to receive two awards at the same time in our first year at IIMS. This recognition serves as a testament to our commitment to accelerating our electrification journey, contributing to Indonesia’s growing demand for sustainable, innovative mobility solutions and making EVs accessible for everyone.”

Prior to IIMS 2024, VinFast had already garnered numerous accolades at prestigious international technology and automobile exhibitions, including the “Innovation Award Honoree” at CES 2024, “The Rising Star” award at the 2022 Paris Motor Show, and the “Corporate Sustainability Champions” – ORIGIN Innovation Awards 2022. This consistent recognition at industry events cements VinFast’s strong position and solidifies its growing stature within the global automotive market.

Hashtag: #VinFast

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

About VinFast

VinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: .