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Lao Student’s Viral Story Sparks Discussion on Sexual Harassment, Victim Support

Lao Student’s Viral Story Sparks Discussion on Sexual Harassment, Victim Support
FILE: this image is used only for representational purpose (photo credit: Tinnakorn Jorruang)

Sexual harassment has been an increasingly pressing issue across the world, yet it often fades from public discourse. This is also the case in Laos, where social media users argue that the authorities’ response has been inadequate, leaving victims without sufficient support despite ongoing public awareness efforts.

Feastables Chocolate By YouTuber Mr Beast Now In Singapore

The chocolate snack, which has become an international sensation, is distributed by Mamabox Corporation


SINGAPORE – Media OutReach Newswire – 5 July 2024 – Feastables, the chocolate brand by popular American YouTuber Jimmy Donaldson, better known as MrBeast, which has become a worldwide sensation, is now available in Singapore. Known for his larger-than-life stunts, generous giveaways, and a whopping 291 million followers on YouTube, MrBeast has channelled his passion for creating joy and excitement into Feastables, a brand dedicated to delivering ‘the best-tasting chocolate on earth’.

Vending Machine at Marina Square, level 3 Children's playground area
Vending Machine at Marina Square, level 3 Children’s playground area

Feastables introduced its new packaging and formula in February 2024, offering chocolates in three delectable flavours, Milk Chocolate, Milk Crunch, and Peanut Butter. With MrBeast’s mission to create the world’s best-tasting chocolate, this new formula highlights his dedication to quality and enjoyment, delivering a rich and indulgent taste. Additionally, the introduction of a new breakable bar format makes Feastables more convenient and perfect for sharing, inviting everyone to enjoy the irresistible flavours of Feastables together.

Since entering the Singapore market early this year with the help of MAMABOX, the official Singapore distributor of Feastables, Feastables has quickly established itself as a beloved brand of chocolate snacks. Available in vending machines islandwide as well as in leading physical stores such as 7‑Eleven, FairPrice, Sheng Siong, and Cheers, and popular online platforms like Lazada, Shopee, Qoo10, and RedMart, Feastables has cemented its status as a beloved local favourite. To cater to the growing regional demand of the exceptionally popular chocolates, an exclusive Feastables kiosk will soon be launched at Jewel Changi Airport, opposite Shaw Theatre. For those not visiting Singapore any time soon, Feastables can be purchased online and the chocolates will be shipped right to your doorsteps.

Feastables Lucky Draw
Feastables Lucky Draw

This July, MAMABOX is thrilled to announce The ‘Feastables 10K Lucky Draw‘ a lucky draw where one lucky winner will take home the grand prize of S$10,000 cash, while 100 winners will receive tickets to Adventure Cove Waterpark, as well as redemption of an exclusive mystery gift with a spend of S$80.00 at mamabox.sg. Running from now till July 31st, 2024, 11:59 pm with winners being notified by phone and/or email on August 8th, 2024.

MrBeast: I Built 100 Homes And Gave Them Away!
MrBeast: I Built 100 Homes And Gave Them Away!

To add on, MrBeast’s recent video, where he built 100 homes and gave them away, showcases his commitment to philanthropy and making a positive impact. This generous spirit is reflected in Feastables, not just through delicious snacks but also through initiatives like the lucky draw, bringing joy and excitement to fans and consumers alike.

Not just delicious snacks, Feastables chocolates are also the ideal gifts for any occasion. Offering a lavish taste experience that chocolate lovers will appreciate and with a variety of flavours, there is something for everyone. By gifting Feastables, you share a piece of the excitement and joy associated with MrBeast, making your present unique and memorable.

For more information, visit mamabox.sg or contact them via email at reachus@mamaboxcorp.com.
Hashtag: #mamaboxsg #mamabox #MrBeast #Feastables #Singapore #Delicious #Chocolate #Luckydraw #AdventureCove #Waterpark #AdventureCoveWaterpark #mysterygift





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

Gleneagles Hospital Kuala Lumpur Partners with Novo Reserve by COBNB to Enhance Medical Tourism Accommodation


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 July 2024 – In a significant development for medical tourism in Malaysia, Novo Reserve by COBNB proudly announces its partnership with Gleneagles Hospital Kuala Lumpur, a market leader in the healthcare industry. This collaboration aims to enhance the accommodation experience for medical tourists and their families, further supporting Malaysia’s growing reputation as a preferred destination for affordable and high-quality healthcare services.

Leon Low, International Marketing Manager from Gleneagles (left) and Glenn Wong, CEO of COBNB (right), signing a momentous partnership agreement set to revolutionize healthcare innovation
Leon Low, International Marketing Manager from Gleneagles (left) and Glenn Wong, CEO of COBNB (right), signing a momentous partnership agreement set to revolutionize healthcare innovation

Leon Low, the International marketing manager of Gleneagles Hospital Kuala Lumpur, expressed great satisfaction with the collaboration, emphasising that medical tourism extends beyond medical services alone. “We are thrilled to collaborate with Novo Reserve by COBNB,” Leon remarked. “We strive not just to offer exceptional medical care but also to ensure the comfort and well-being of our patients throughout their medical journey in Malaysia.

This partnership underscores a shared commitment to providing comprehensive support to medical tourists, ensuring that their stay in Malaysia is as comfortable and stress-free as possible. Novo Reserve by COBNB’s premium accommodation services combined with Gleneagles Hospital Kuala Lumpur’s renowned medical expertise aim to set new standards in medical tourism, reaffirming Malaysia’s position as a beacon for accessible, high-quality healthcare in the region.

Benefits of Medical Tourism in Malaysia

Malaysia boasts state-of-the-art medical facilities, world-class healthcare professionals, and a reputation for delivering high-quality medical care at a fraction of the cost compared to nearby country. This combination attracts patients seeking treatments ranging from specialised medical procedures to general health screening.

Impact on Medical Tourism Growth

The burgeoning medical tourism sector in Malaysia highlights the nation’s strong position in the global healthcare market. According to Mohamed Ali Abu Bakar, the Chief Executive Officer of Malaysia Healthcare Travel Council, Malaysia has increasingly become a favoured destination for health tourists across the Asia Pacific region in recent years. Emphasising quality, affordability, and accessibility, Malaysia consistently attracts a diverse clientele seeking advanced medical treatments.

He reported a notable rise in health tourist arrivals in 2023, exceeding 1 million—an increase of over 15% from 2022, when arrivals totalled more than 850,000. The Malaysia Healthcare Travel Council (MHTC) aims to generate RM2.4bil in revenue from the health tourism sector this year, which is expected to contribute an economic spillover to other industries of about RM9.6bil.

The Vital Role of Accommodation in Medical Tourism

Importance for Patients and Their Families

For medical tourists, accommodation is more than just a place to stay—it’s a sanctuary where they can recuperate comfortably before and after medical procedures. It’s also a crucial factor for accompanying family members who provide support during the patient’s recovery period. Hence, factors such as proximity to medical facilities, affordability, and amenities tailored to medical needs are paramount in their decision-making process.

Novo Reserve by COBNB’s Partnership with Gleneagles Hospital Kuala Lumpur addresses this exact challenge by providing quality accommodation at the building that is walking distance from its hospital at Jalan Ampang. Novo Reserve by COBNB is also providing free shuttle services for all Gleneagles Hospital Kuala Lumpur’s patients & family members throughout the day to enhance their commuting experience.

As Malaysia strives to expand its medical tourism sector, Novo Reserve by COBNB’s partnership with Gleneagles Hospital Kuala Lumpur strengthens the country’s position as a preferred destination for healthcare solutions. As the industry continues to evolve, Novo Reserve by COBNB remains committed to delivering outstanding service and ensuring a positive experience for every medical tourist.
Hashtag: #gleneagles #cobnb #medicaltourism



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

About COBNB

COBNB is an Asia Pacific award winning property management company, offering leasing and short term rental management with cutting edge technology. COBNB aims to optimize property performance for asset owners & developers by leveraging on AI, workflow automation and hospitality pricing analytics. With years of proven track record, COBNB is dedicated to excellence and aims to lead the industry by continually striving for the highest standards in hospitality management.

About Gleneagles Hospital Kuala Lumpur

Gleneagles Hospital Kuala Lumpur (GKL), established 28 years ago, is a leading private healthcare institution in Malaysia. With its commitment to excellence, cutting-edge technology, and world-class healthcare professionals, the hospital provides comprehensive medical specialties and services to meet the unique needs of each patient.

Gleneagles Hospital Kuala Lumpur is committed to ensuring the highest standards of safety and quality in healthcare. The hospital holds prestigious accreditations from internationally recognised bodies such as the Joint Commission International (JCI) and the Malaysian Society for Quality in Health (MSQH), underscoring its dedication to delivering exceptional care and maintaining the utmost patient safety.

More information on Gleneagles Hospital Kuala Lumpur can be found at www.gleneagles.com.my/kuala-lumpur

Results of the IX Digital Asset Industry Classification System (“DAICS®”) 2024 1H Review


HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – Today, IX Asia Indexes announced the 1st Half 2024 Review of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide the professionals worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. DAICS® classifies digital assets into 2 main categories: a) Cryptocurrencies and b) Asset Backed Tokens and a 3-tier system for each category. For Cryptocurrencies: 1-Industry/ 2-Sector/ 3-Sub-sector; for Asset Backed Tokens: 1-Asset Type/ 2-Branch/ 3-Sub-branch (Appendix 1). The results are as follows:

a) Cryptocurrencies
i) Structure and definitions

Tier 1: Industry Changes

The industry groups remain unchanged with 5 industries.
1) Payment (110),
2) Infrastructure (120),
3) Financial services (130),
4) Tech & Data (140) and
5) Media & Entertainment (150).

Tier 2: Sector Changes
The number of sectors remain unchanged with 16 sectors. There is modification in Sector name under Media & Entertainment (150)/ Social Media & Community Sector. The definition of Social Community sector remains unchanged.

Modification in sector name.
Before
Social Media (15010)
After
Social Media & Community (15010)

ii) Classification Changes
VeChain (VET)
Before
Industry: Tech & Data (140)
Sector: Storage & Sharing (14010)
After

Industry: Infrastructure (120)
Sector: Application Development Protocol & Smart Contract (12010)

iii) Green coins label
There are 9 Greens coins in this review:

Infrastructure (120) Media & Entertainment (150)
Energy Efficient
Consensus Mechanism
(PoS, PoH, PoA,
DAG, Hashgraph)
1. ETHG
2. ATOMG (New)
3. NEARG
4. DOTG (New)
5. ADAG
6. HBARG
1. IMXG
Renewable Energy Use 1. SOLG (New)
2. VETG (New)
NIL​

iv) Coverage of DAICS®
DAICS® coin coverage: top 50 coins by market capitalization
DAICS® market capitalization coverage: 87.493%*
The % coverage of market capitalization of the 50th ranked coin: 0.092%
Member changes within the TOP 50 coins in DAICS® : 6 coins in and 7 coins out

(For more details about the industry weighting and the 6 changes, please see Appendix 4).

*As of 22nd May 2024, based on past 90 days market capitalization ranking including all coins* (exclude stable coins and pure DAO governance tokens)
Note: G as ‘Green‘ labelling for cryptocurrencies that adhere to the principles of sustainability

* * (For details on Industry & Sector definitions under DAICS®, please refer to Appendix 2 & 3)

b) Asset Backed Tokens (ABT)

i) Structure and definitions
Tier 1: Asset Types Changes
The asset types remain unchanged at 6
1) Culture (205),
2) Real Estate (215),
3) Financials (235),
4) Entertainment (255),
5) Natural Resources (265), and
6) Green Economy (275).

Tier 2: Branch Changes
The branches remain unchanged at 31.
(For details on Asset types and Branches, please refer to Appendix 3).

ii) Classification Changes
Nil

iii) Coverage of DAICS®
IX Asia Indexes has not started to classify any ABT. ABTs will be added to DAICS® in the next stage when a fair amount of popular asset-backed tokens are available in the market. A new ABT registry will be made available to the public. Although there has been an increase in the number of ABTs, ABTs only comprised 0.106% of the total market capitalization of digital assets. A classification summary and definition table are available at Appendix 5 & 6.

For further information regarding the methodology of the DAICS®, please refer to the “IX Digital Asset Industry Classification System”- principle and guiding methodology on the company website https://ix-index.com/daics.html.

All classification changes including the ixCrypto Infrastructure Index and ixCrypto Stablecoin index will take effect on 19th July, 2024.

For more details on our DAICS® qualification criteria, please email daics@ix-index.com.

For a full version of the appendixes 1-3, please refer to ix-index official website.

Appendix 4
In and out in DAICS® Top 50 cryptos

In Out
1. Bittensor (TAO) TrueUSD (TUSD)
2. First Digital USD (FDUSD) Binance USD (BUSD)
3. Pepe (PEPE) Aave (AAVE)
4. dogwifhat (WIF) Algorand (ALGOG)
5. Theta Network (THETA) Quant (QNT)
6. Arweave (AR) MultiversX (EGLD)
7. Wrapped Bitcoin* (WBTC)


Sector Weighting of the Classification System**

Industry Weighting (%)
Payment 65.55
Infrastructure 27.10
Financial Services 4.45
Tech & Data 0.73
Media & Entertainment 2.17

*Special Currency Treatment of DAICS® applies
**Based on 22nd May 2024

G: Green Label
Appendix 5

Classification of top 50 coins by Market Capitalization

Category Industry Sector Cryptocurrencies
Cryptocurrencies Payment:
Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.
Transaction & Payment BTC
XRP
BCH
LTC
XLM
XMR
CRO
KAS
Stablecoin USDT
USDC
FDUSD
DAI
Infrastructure:

Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc

Application Development Protocol & Smart Contract ETHG
SOLG
ADAG
TON
AVAX
TRX
NEARG
ICP
APT
ETC
HBARG
VETG
INJ

Interoperability DOTG
LINK
ATOMG
Scaling & Sharding MATIC
MNT
OP
ARB
STX
Supporting System Nil
Financial services:

Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending and other capital markets related services

Exchange Tokens BNB
LEO
OKB
UNI
RUNE
Lending & Borrowing Nil
Staking LDO
Tech & Data:

Provision of data management and storage, and development of innovative crypto technology

Storage & Sharing FIL
AR
RND
Data Management GRT
Artificial Intelligence TAO
Media & Entertainment:

Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Social Media & Community** DOGE
WIF
SHIB
PEPE
Streaming THETA
Gaming IMXG
Metaverse NIL

Note: G as ‘Green‘ labelling for cryptocurrencies that adhere to the principles of sustainability
(**) labelling for change in sector name in this review

Appendix 6

IX Digital Asset Industry and Sector Classification System (“DAICS®“)

Category Industry Sector Sector definition
Cryptocurrencies (1) Payment: (110)

Definition

Blockchain based money, designed for transactional purposes. This includes daily transactions usage and stablecoins.

Transaction & Payment

(11010)

Cryptocurrencies that are used for store of value, unit of account, medium of exchange
Stablecoin

(11020)

Cryptocurrencies where price is pegged to a / a basket of reference asset
Infrastructure: (120)

Definition

Bedrock blockchain that facilitates the operation of other decentralised applications. This includes the creation and running of dedicated blockchain platforms, achieving interoperability between networks, increasing the amount or speed of transactions etc.

Application Development Protocol & Smart Contract

(12010)

layer-1 blockchain network that facilitates DApp creation and smart contract execution and smart contract
Interoperability

(12020)

Network that increases inter-connectivity and integration of the fragmented cryptocurrency ecosystem
Scaling & Sharding

(12030)

Networks that increase the ability to cope with the influx of many transactions at a time and blockchain network that can be split into smaller partitions, to improve scalability and process transactions quicker
Supporting System

(12040)

Networks/sidechains that improve functionality of layer-1 network
Financial services: (130)

Definition

Tokens that provide on-chain asset management services, crypto-exchange services, funding, lending, and other capital markets related services

Exchange Tokens

(13010)

Cryptocurrencies that represent the stable coin in the exchange ecosystem and allow users to covert from digital asset on decentralised or centralised system int fiat currencies
Lending & Borrowing

(13020)

Borrowing and lending crypto assets with interest in return and other secondary financial tools derived from primary underlying asset, such as crypto futures and options
Staking

(13030)

Holding and “staking” of certain amount of cryptocurrency in a wallet to facilitate network operations
Tech & Data: (140)

Definition

Provision of data management and storage, and development of

innovative crypto technology

Storage & Sharing

(14010)

Crypto protocols that provide decentralized storage and/or sharing of data filing and resources.
Data Management

(14020)

Networks/Protocols that facilitate the indexing and querying of data from blockchain(s), enabling efficient data retrieval and management for decentralized applications
Artificial Intelligence

(14030)

Cryptos/Protocols that facilitate the use of AI powered apps or projects directly using blockchain platform.
Media & Entertainment: (150)

Definition

Recreational and media services. Including content creation and distribution, advertising through crypto-asset incentive mechanisms, gaming and collectibles

Social Media & Community*

(15010)

Cryptos that provides mast social community and followers without a close secondary industry sector
Streaming

(15020)

Cryptos that provides rights to access decentralised video-streaming sites
Gaming

(15030)

Cryptos which mainly used in gaming or gaming supporting industry
Metaverse

(15040)

Cryptos that is commonly used in collective virtual open space, created by the convergence of virtually enhanced physical and digital reality. This includes the use of VR and/or AR and/or 3D.

DAICS® Asset Type Definitions

Category Asset Type Branch Sub -branch
Asset-Backed Tokens (2) Culture: (205)

Definition

Real asset relating to sports, art, cultural drama, festive collectibles and design IPs etc.

Art

(20510)

This shall be further developed in the future with more digital assets available in the market

Sports

(20520)

Festive Collectibles

(20530)

Design IPs

(20540)

Drama and Play IPs

(20550)

Real Estate:(215)

Definition

Assets that mainly derived its valuation from property, real estate, and land

Commercial Property

(21510)

Residential Property

(21520)

Governmental Property

(21530)

Residential and Commercial Land

(21540)

Financials: (235)

Definition

Real financial asset including listed company shareholdings on regulated centralised exchanges and private company shareholdings; debt instruments; property trusts and derivatives that settled on regulated exchange (CeFi and DeFi).

Tokenised Securities (Company Securities, ETF)

(23510)

Tokenised Debts

(23520)

Tokenised REITs

(23530)

Entertainment: (255)

Definition

Ownership of the IPs assets in the area of entertainment in real world such as concert, play, shows, circus, musicals, songs, movies, games, events and programs, and souvenir collectibles that is derived from the above areas.

Movies

(25510)

This shall be further developed in the future with more digital assets available in the market

Following definition of the United Nations

17 sustainable development goals²

Songs

(25520)

Concerts

(25530)

Gaming

(25540)

All Other Entertainment Events and Collectibles

(25550)

Natural Resources: (265)

Definition

Natural resources asset that derived directly from sea, sky, atmosphere and underground and can be classified as a commodity with standardisation such as precious metals, agricultural, energy and metals.

Precious Metals

(26510)

Agricultural

(26520)

Energy

(26530)

Metals

(26540)

Green Economy (275)

Definition

Ownership of Projects Asset that falls under the definition of the UN 17SDG²s, with over 80% of the income or jobs provided on these 17 initiatives.

No Poverty & Zero Hunger

(27510)

Good Health and Well-Being

(27520)

Quality Education

(27530)

Gender Equality

(27540)

Clean Water and Sanitation/Affordable and Clean Energy

(27550)

Decent Work and Economic Growth/ Industry, Innovation, and Infrastructure/ Partnerships for the Goals

(27560)

Reduced inequalities/ Peace, Justice and Strong Institutions

(27570)

Sustainable Cities and Communities/Responsible Consumption and Production

(27580)

Climate Action

(27590)

Life Below Water & Life on Land

(27500)

² United Nations 17 sustainable development goals covering 1) No Poverty 2) Zero Hunger 3) Good Health and Well-Being 4) Quality Education 5) Gender Equality 6) Clean Water and Sanitation 7) Affordable And Clean Energy 8) Decent Work and Economic Growth 9) Industry, Innovation and Infrastructure 10) Reduced inequalities 11) Sustainable Cities and Communities 12) Responsible Consumption and Production 13) Climate Action 14) Life Below Water 15) Life on Land 16) Peace, Justice and Strong Institutions and 17) Partnerships for the Goals https://sdgs.un.org/goals

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

About DAICS®

DAICS® covers both cryptocurrencies and asset-backed tokens (“ABT”), to be reviewed semi-annually at the end of June and December. On cryptocurrencies side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data and 5) Media & Entertainment. These industries are further divided into 16 sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources, 6) Green Economy. These asset types are further divided into 31 branches and sub-branches to be introduced in the future.

About IX Asia Tokenization Advisory Committee and Working Group

The establishment of the IX Asia Tokenization Advisory Committee (“Advisory Committee”) is to pursue the goal and vision to formulate a standard for global tokenization framework in a compliant and transparent way. The key role of the Advisory Committee is to formulate the guideline and reference for tokenization in terms of infrastructure, business financial stability, sustainability, internal control and classification. The Advisory Committee is comprised of industry recognised leaders from blockchain consultancy, sustainable projects and field in Art industry.

The establishment of the Working Group is to identify, evaluate and recommend key directions and founding principles according to their specific industry knowledge and expertise in relating to the creation of the specified token. It will examine and propose improvements to the guidelines and references for tokenization. The working group is formed of a diverse group of market experts representing relevant sectors and markets, to provide input and discuss case studies for creation of tokenization framework, best practices and development of real-world projects.

For more information about IX Asia Tokenization Advisory Committee & Working Group, please visit .

Salmon wins Fintech Start-Up Award at the Asian Banking and Finance Fintech Awards 2024

MANILA, PHILIPPINES – Media OutReach Newswire – 5 July 2024 – Salmon, a company committed to improving access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, has been awarded the prestigious 2024 Asian Banking and Finance (ABF) Fintech Start-Up Award – Philippines.

The ceremony took place on July 4, 2024, at the Marina Bay Sands Expo and Convention Centre in Singapore, celebrating outstanding achievements in the fintech sector. The award was judged by a distinguished panel of experts, including Alessandro Magarini Montenero, Partner for Financial Services at Bain & Company; Ho Kok Young, Audit and Assurance Partner at Deloitte Singapore and CFO Program Leader of Deloitte Southeast Asia; Liew Nam Soon, Regional Managing Partner of EY ASEAN; and Mansi Singh, Financial Services Strategy and Operations Partner at PwC Southeast Asia Consulting.

This award recognizes the company’s innovative approach, cutting-edge AI-centered technology and commitment to transforming the traditionally exclusive banking landscape of the Philippines, where legacy banks have long catered to a limited group of customers, neglecting the needs of the mass customer in the country.

Co-founder and Chairman of its bank subsidiary, Raffy Montemayor expressed his gratitude, saying, “We are deeply honored to be recognized by Asian Banking and Finance. This award is a testament to our dedication to transforming the financial landscape in the Philippines. We are excited to build on this success and it motivates us to keep going forward and continue providing cutting-edge financial solutions that truly make a difference in people’s lives.”

Salmon has rapidly emerged and gained recognition as a “different bank”, building its operations with a focus on the quality of customer care and service. Since its inception in 2022, the company has introduced a roster of AI-enabled products that cater to a broad range of financial needs, including Salmon Financing, a point-of-sale loan service, Salmon Credit, a 100% digital revolving credit line, and Salmon Time Deposit under the Rural Bank of Sta. Rosa (Laguna), Inc., which offers 8.88% interest for deposits of more than PHP500,000 for a 12-month period.

The ABF Fintech Start-Up Award also highlights Salmon’s success in leveraging technology to make financial services more accessible. By using advanced AI-driven credit evaluation methods and alternative data, Salmon makes fast and responsible lending decisions, even to those without previous credit histories. This approach not only sets a new standard in the industry but also opens opportunities for many who were previously excluded.

The company’s success is also due to its strong partnerships with key stakeholders and investors. With over $60 million raised in funding from prominent investors like the International Finance Corporation (IFC), which led the Series A-1 financing round and Abu Dhabi Developmental Holding Company (ADQ), as well as the Northstar Group, Salmon is well-positioned to scale its operations and introduce new financial products to the market, such as debit solutions, to enrich its offerings and deliver more value to customers, growing around 10x on key operational and financial metrics in 2024 vs 2023.

As Salmon continues to push boundaries of what is possible in the fintech industry, the recognition from ABF is a testament to Salmon’s significant impact and its potential to become the leading credit-led technology-centric bank in Southeast Asia within the next five years.

Hashtag: #Salmon




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

About Asian Banking & Finance (ABF)

Asian Banking & Finance (ABF) is the premier magazine dedicated to Asia’s dynamic financial services sector. As the leading source of news, features, profiles, and sector analyses, ABF caters to commercial, retail, and investment banking professionals across the region.

Published quarterly, the print edition boasts a circulation of 7,250 copies, reaching an audience of 29,000 senior executives and decision-makers in Asia’s financial firms. Complementing the print magazine, the ABF website delivers daily updates and insights, ensuring comprehensive coverage of industry developments.

ABF is part of the Charlton Media Group, a prominent B2B publication and events company in Asia, with renowned titles including Singapore Business Review, Hong Kong Business, and Insurance Asia.

About the Salmon Group Ltd

Salmon Group Ltd, founded in 2022 by fintech and banking veterans Pavel Fedorov, George Chesakov and Raffy Montemayor, owns and operates its subsidiaries in the Philippines, including Sunprime Finance Inc. and the Rural Bank of Sta. Rosa (Laguna), Inc., which was established in 1963. The Group is dedicated to expanding financial inclusion by providing customers with cutting-edge, customer-centric, AI and data-driven banking and financial services. It is on a mission to empower clients underserved by legacy banks across Southeast Asia and is supported by world-class shareholders including International Finance Corporation, the sovereign wealth fund of Abu Dhabi (ADQ) and other blue-chip international and Filipino investors.

Media contacts Salmon:

Global AI Technology Trend: TVBS Exclusive Broadcast and Interview with Jensen Huang Reaches New Heights


TAIPEI, TAIWAN – Media OutReach Newswire – 5 July 2024 – Jensen Huang, the CEO of NVIDIA, recently visited Taiwan, setting off what local media have dubbed “Jensanity.”This surge of enthusiasm coincided with his keynote address on the eve of the much-anticipated COMPUTEX 2024. TVBS, a leader in technology media, captured this momentous event, partnering with Huang to broadcast his speech exclusively. The event’s coverage on TVBS’s YouTube channel and bilingual livestream peaked at over 90,000 concurrent viewers, quickly amassing over one million views in just ten days and climbing to the top of YouTube’s trending charts. This achievement underscores TVBS’s prominence and significant influence in the tech media landscape.

TVBS Insight People with Jensen Huang hailed as 2024’s must-watch interview in Taiwan.
TVBS Insight People with Jensen Huang hailed as 2024’s must-watch interview in Taiwan.

TVBS Insight People with Jensen Huang hailed as 2024’s must-watch interview in Taiwan

Beyond the COMPUTEX keynote, Huang sat down for an all-English interview with Fang Nien-hwa on TVBS “Insight People.” The discussion, which delved into AI-driven innovations, earned high marks for its depth and professionalism. Huang himself became an immediate admirer of Fang, commending the quality of their exchange. The interview has already drawn over 200,000 views online, with audiences praising it as the “must-watch interview of 2024” in Taiwan. Broadcast also on TVBS ASIA, the program reached a global Chinese-speaking audience, further enhancing Huang’s appeal. The interview’s highlights, shared on social platform X, ignited international conversations, attracting attention from figures like Elon Musk, who commented on the potential ubiquity of AI, likening its proliferation to that of automobiles.

TVBS spearheads digital transformation in tech media, exploring AI’s boundless potential with NVIDIA

Under the guidance of TVBS General Manager Sheena Liu, the broadcaster is intensifying its focus on digital transformation. The network has garnered numerous international accolades for its digital initiatives and is deepening its partnership with NVIDIA to explore the vast potential of AI. Liu emphasized that AI has boosted global innovation, prompting TVBS to further invest in its digital evolution and adopt a multi-faceted approach to business transformation. As TVBS continues to blend technology with media, its goal remains to provide high-quality content to Chinese-speaking audiences worldwide, striving to be a visionary and diverse content provider in the AI era.
Hashtag: #TVBS

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

5 well-kept secrets of professional traders according to Octa


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 July 2024 – Trading in the global markets, especially Forex, is sometimes perceived as a game of luck by those who don’t know much about finance. However, professional traders regard it as a blend of science and self-discipline, driven by principles and insights often overlooked by amateurs. Here are some of the key secrets that professional traders leverage to consistently outperform the market.

Octa

1. Research is key
Financial markets, especially Forex, are comprehensible systems of knowledge that anyone can use to their advantage, provided they approach it smartly. Professional traders dedicate significant time and resources to research. They don’t rely on tips or rumours but make decisions based on thorough fundamental and technical analysis. Understanding the current market trends, following the latest economic events and industry news, and keeping track of broader economic indicators are crucial in making informed decisions in trading.
2. Reinvesting leads to growth
One of the foundational secrets professional traders know about is the power of compound interest. Compounding works best over long periods, which is why professional traders are often in for the long haul. They reinvest their earnings, allowing their capital to grow exponentially over time. Of course, you don’t have to reinvest all your gains. Financial markets, especially Forex, offer significant potential for consistent day-to-day profits, and using these as a source of supplementary income remains a popular tactic among successful traders, including professionals.

3. Risks are there to be managed
Understanding and managing risk is instrumental in achieving consistent profits. Professional traders are acutely aware of their risk tolerance and act accordingly. They employ various strategies, such as stop-loss orders, partial order closure, and position sizing, to manage and mitigate potential losses. This disciplined approach helps safeguard their capital and ensure long-term growth.

4. Emotions are better kept under lock and key
When it comes to financial markets, profitability and volatility go hand in hand. The constant ebb and flow of market trends can trigger emotional responses from traders. However, professionals have the discipline and the right mindset to stay calm and stick to their strategy even during negative market fluctuations. They never cease to employ the tactics associated with their trading style, managing the risks and avoiding excessive greed. This emotional discipline helps them avoid common pitfalls and stay focused on their long-term goals.

5. Continuous learning propels you forward
Modern world is permeated with digital tools that mushroom in each and every sector, skyrocketing efficiency and making those unwilling to accept change fall behind. Trading is no exception. By using new tools based on artificial intelligence and machine learning, professional traders open new horizons for themselves in terms of predictive analytics, real-time market assessment, and historical data processing.
Modern trading platforms offer unlimited opportunities to validate your decisions and make your sessions more time-efficient. Moreover, the availability of these tools is not restricted to professionals leveraging large capital on their accounts. On the contrary, the modern data-driven approach is widely available to traders with any background and level of experience. OctaTrader, Octa’s proprietary trading platform, offers its clients a customisable analytical toolkit embedded in the application to facilitate decision-making, spend less time and effort on trading, and learn about the financial markets.
Professional investors excel not because they possess a crystal ball but because they adhere to time-tested principles and strategies. Understanding the power of compound interest, the importance of diversification, rigorous research, disciplined risk management, and continuous learning are among the essential secrets that set them apart. By adopting these practices, amateur investors can improve their investment outcomes and work towards achieving their financial goals.

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.

Essence Reiterates Buy Rating on Fosun with a Target Price of HKD7.5


HONG KONG SAR – Media OutReach Newswire – 5 July 2024 – On 28 June, Essence International Securities (“Essence”) published a research report, expressing its bullish stance on Fosun International’s (00656.HK) focus on core businesses in health, consumption, and finance. Essence believed that Fosun’s global business presence helps it to hedge risks and balance revenue streams. With the stabilization of the macroeconomic environment, Fosun’s fundamentals are poised for continued recovery. Essence maintained a “Buy” rating and a target price of HKD7.5 on Fosun International, implying a 78% upside from the current price.

According to Essence, the international rating agency S&P Global Ratings issued a rating report in late May, maintaining its “stable” outlook on Fosun International’s long-term issuer and issue credit ratings. Essence pointed out that Fosun has pursued a solid development of syndicated loan financing channels, coupled with a more favorable macroeconomic environment in China, Fosun’s credit quality has been stabilized and its refinancing conditions have improved. At the same time, Fosun has stepped up its efforts in divesting its non-core assets to facilitate its fund recovery as well as concentrating its resources on core industries, thereby reducing debt ratio and maintaining a sound financial position. In addition, Fosun’s global business presence helps it to hedge risks and balance revenue streams. With the stabilization of the macroeconomic environment, Fosun’s fundamentals are poised for continued recovery.

Essence further pointed out that looking ahead, Fosun will focus on its three core businesses in health, consumption and finance. In the health sector, Fosun will strengthen its global presence and optimize capital allocation. In the consumption sector, Fosun will continue to build upon its existing businesses and increase investments in the operations of jewelry, catering, resort, and baijiu. In the finance sector, Fosun will continue to restructure assets and divest some heavy assets.

Previously, securities firms such as Founder Securities and Kaiyuan Securities also published reports expressing optimism about Fosun International’s focus on core businesses, increased investment in advantageous industries, and steady profit growth, maintaining a “Recommended” or “Buy” rating on Fosun International.

Founder Securities believed that Fosun’s credit quality has further stabilized over the past year, and the asset quality of Fosun’s investment portfolio is expected to remain generally stable in the next 6 to 12 months. Fosun’s sound credit standing will help offset the impact of the downturn in the real estate industry and other unfavorable macroeconomic factors. As Fosun gradually adjusts and optimizes its various business segments, alongside the gradual economic recovery, the revenue and profits across these segments are expected to gradually improve. Founder Securities maintained a “Recommended” rating on Fosun International and raised the target price to HKD7.0.

Kaiyuan Securities also expressed optimism about Fosun’s ongoing investment in businesses with stable cash flows and profit growth potential. In addition, Kaiyuan Securities recognized the diversity and predictability of Fosun’s sustainable cash dividend income and maintained a “Buy” rating on Fosun International.

Hashtag: #Essence #EssenceInternationalSecurities

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