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Study shows that basic polymers can be recycled up to 10 times

MOSCOW, RUSSIA – Media OutReach Newswire – 5 August 2024 – The Russian Chemists Union and the Chemical Industry Development Aid Fund have completed a large-scale study at Rosbiotech University on the quality of repeatedly recycled polymers. The study proved that, after being recycled as many as 10 times, these materials retain operational properties comparable to those of primary polymers.

The scientists involved in the study used extrusion, granulation, and grinding to simulate the secondary recycling of basic polymers. To assess the quality of the materials, they used comprehensive criteria comprising six indicators: molecular weight, breaking stress, relative elongation at break, oxygen-containing groups, yellowing, and melt flow.

The study helped establish the number of times polymers can be recycled. The experiments showed that high-density polyethylene (HDPE) and polyvinyl chloride (PVC) retain their operational properties after being recycled 10 times; low-density polyethylene (LDPE), 9 times; polypropylene (PP), 8 times; and polystyrene (PS), 5 times.

These results were obtained without using stabilizers – additives that protect polymers from degradation. The research confirmed that polymers offer excellent potential for use in a circular economy. According to experts, over 60% of the 5 million tonnes of plastic waste generated annually in Russia could potentially be recycled and used in the production of new products.

The Russian Chemists Union shared the findings of its study with the Russian government. The group proposed developing a methodology for recycling basic polymers and identifying areas where they could possibly be used. Advances in recycling will help reduce the environmental fees that polymer processors will have to pay in the future.

The Russian Chemists Union is a non-profit organization which includes companies in the chemical sector, industry researchers and educational institutes, as well as chemical unions and associations. Currently, the Union has about 600 enterprises and organizations as members.

Hashtag: #RussianChemistsUnion

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

Sahm App Offers Limited-Time 70% Off Commission Fee to Boost Retail Investor Participation


RIYADH, SAUDI ARABIA – Media OutReach Newswire – 5 August 2024 – In a move to attract domestic investors, Sahm App, the fast-growing online brokerage platform, has announced a limited-time 70% off commission fee for trading Saudi stocks. This offer is available from August 1st to August 31st, 2024.

The initiative, part of Sahm’s corporate strategy to provide value to its users, aims to enhance the investing experience for Saudi retail investors seeking to access the local stock market. New users will also receive free Snap Inc. stocks worth $50 and free real-time U.S. quotes for one year. For more information on Sahm App offerings, please visit https://www.sahmcapital.com/activitiesr/pre-activity-new?urlType=1.

“We’ve observed a growing demand from Saudi investors to participate in the local market,” said Hadeel Bedeeri, general manager of Sahm Capital. “This commission discount is our way of empowering these investors and making it more affordable for them to build their portfolios.”

Beyond the attractive pricing, Sahm App offers a comprehensive suite of investment products, including stocks, ETFs, REITs, and more, allowing investors to diversify and execute their strategies.

Recognizing the importance of investor education, Sahm has also invested in several initiatives to enhance financial literacy. The app features an educational video library covering topics from beginner guidance to technical analysis, as well as an AI-powered daily news broadcaster, Aliyah, who interacts with users in both Arabic and English.

“Our goal is to not only provide cutting-edge trading tools but also equip investors with the knowledge to make informed decisions,” added Hadeel Bedeeri. “We believe this holistic approach will contribute to the long-term growth and stability of the Saudi capital market.

Sahm App is offering all eligible clients a 70% discount on commission fees* for Saudi stocks trading, available from August 1st to August 31st, 2024.

*The 70% discount applies only to the commission fee charged by Sahm App, not the entire trading commission. Terms and conditions apply, for more information, please visit https://www.sahmcapital.com/activitiesr/pre-activity-new?urlType=1.

Hashtag: #Brokerage

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

About Sahm Capital

Registered in Riyadh, Sahm Capital holds licenses (22251-25) from the Capital Market Authority (CMA) to conduct Dealing, Advising, and Custody services in KSA. The company is also a registered member of the Saudi Exchange, as well as its affiliates, the Securities Depository Center Company (Edaa) and the Securities Clearing Center Company (Muqassa). For more information about Sahm, please visit .

YouBiz Expands with New Chinese Yuan Renminbi (CNY) Corridor, Simplifying Cross-Border Payments to China


SINGAPORE – Media OutReach Newswire – 5 August 2024 – YouBiz, a leading multi-currency corporate card and spend management platform for businesses by YouTrip, today announced the launch of a new Chinese Yuan Renminbi (CNY) remittance corridor. This strategic expansion caters to the increasing demand for efficient and cost-effective cross-border transactions between Singapore and China, as businesses deepen their engagements with the world’s second-largest economy.

China is Singapore’s largest trading partner, with nearly S$80 billion in imports facilitated in 2023. YouBiz’s CNY remittance corridor aims to empower businesses to seamlessly transfer funds from Singapore to China, offering a cheaper, more secure and convenient alternative to traditional methods.

Kelvin Lam, Chief Operating Officer of YouBiz, said: “China is an important market for many of our customers with increasing cross-border payments made to Chinese suppliers and partners. We are thrilled to introduce the CNY remittance corridor as part of our ongoing commitment to supporting businesses in their global expansion. This new service significantly enhances their ability to manage cross-border payments efficiently, at a lower cost.”

YouBiz customers can easily set up company recipients for swift and easy recurring payments to Chinese companies within 1-2 working days. Supporting overseas transfers with 20 currency corridors, YouBiz offers true mid-market exchange rates and a transparent, low fee with no hidden charges or FX markups.

YouBiz: The Corporate Account Made for Global Businesses
The introduction of the CNY remittance corridor enhances YouBiz’s comprehensive suite of cross-border financial services, which includes multi-currency corporate cards, expense management, and foreign exchange solutions.

YouBiz is the first-in-market to offer customers the flexibility to issue foreign currency-denominated corporate cards in nine major currencies, including USD, EUR and THB, with no monthly fees. This enables companies to eliminate additional conversions and transact directly in the preferred non-SGD currency for a more seamless experience. Businesses also benefit from unlimited 1% cashback and zero FX fees for card spending in over 150 currencies.

By providing a wider range of currency options and enhanced remittance capabilities, YouBiz empowers businesses to navigate the complexities of cross-border trade with confidence and ease.
Hashtag: #YouBiz #YouTrip #Business #Finance #Fintech


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

About YouBiz

YouBiz is the leading multi-currency corporate card and spend management platform for businesses. Built by YouTrip, a first-mover in the Southeast Asian fintech and digital payments space, YouBiz provides SMEs and startups with an intuitive, convenient and affordable spend management platform to power their cross-border payment needs and global expansion plans.

Today, YouBiz is one of the fastest growing spend management fintechs and a reliable partner for thousands of businesses in Singapore as they accelerate their business growth with the best in market exchange rates, at zero FX fees. For more information, please visit .

Vingroup’s customer-centric DNA: The driving force behind Vietnam’s largest conglomerate


HANOI, VIETNAM – Media OutReach Newswire – 5 August 2024 – Vingroup, Vietnam’s largest private conglomerate, has firmly established its presence in diverse sectors such as real estate, technology, hospitality, healthcare, and education. However, Vingroup’s success is not solely attributed to ambitious expansion, but is deeply rooted in an unwavering commitment to making the world a better place and to a customer-centric philosophy – a core value woven into the very fabric of the company.

VinFast’s first Middle East showroom in Oman
VinFast’s first Middle East showroom in Oman

The DNA of Vingroup

Vingroup’s customer-centric philosophy is more than just a marketing tactic; it’s a deeply ingrained cultural element guiding every decision, from product development and customer service to market expansion.

This dedication to the customer is not a recent development but dates back to Vingroup’s humble beginnings as Technocom in Ukraine in 1993. Their initial foray into the market with instant noodles presented a unique challenge: Ukrainian consumers were skeptical of the novel concept of a food product that could be ready to eat after mere minutes in boiling water.

Rather than resorting to traditional marketing tactics, founder Pham Nhat Vuong took a hands-on approach, directly engaging with potential customers to demonstrate the noodles’ preparation and highlight their convenience. This direct interaction and customer education proved crucial, leading to widespread product acceptance.

Furthermore, this early experience solidified Vingroup leadership’s understanding that success lies in genuine connections with customers, going beyond sales to address their needs and concerns.

Customer-Centricity in Action

Prior to developing projects like the Vinpearl resort chain, Pham Nhat Vuong immersed himself in the hospitality industry through “field missions” to Thailand and Singapore. These firsthand insights into customer interactions shaped Vinpearl’s offerings, ensuring they met the unique desires of Vietnamese families and tourists.

Vingroup’s attentiveness to evolving needs is evident in its strategic move into the electric vehicle space with VinFast. Recognizing the global demand for sustainable transportation and the specific preferences of Vietnamese consumers, the company developed electric vehicles blending cutting-edge technology with features tailored to the local market.

Even as Vingroup achieved dominant market presence, customer satisfaction remained paramount. VinFast’s decision to enhance support for existing gasoline vehicle owners even after shifting focus to electric vehicles exemplifies this commitment.

“With VinFast gasoline cars, we not only maintain our existing commitments but also enhance them with even more beneficial policies and services, such as extending the warranty period to 10 years, which is two to three times the industry standard, and introducing a convenient Mobile Service option,” affirmed Pham Nhat Vuong in a 2022 interview.

The young automotive arm of Vingroup has made aftersales support a core value, propelling its expansion into North America, Europe, Asia, and now the Middle East. With one regional headquarters in Dubai and strategic partnerships, VinFast is laying the foundation for a strong presence in the region.

For example, VinFast’s first Middle East showroom in Oman featuring interactive experiences with its smart electric vehicles, demonstrates the company’s commitment to providing sustainable and intelligent mobility solutions. These initiatives offer a glimpse of VinFast’s customer-centric philosophy, enabling it to introduce diverse products, innovative policies, and comprehensive after-sales services tailored to Middle Eastern consumers.

The rapid pace of VinFast and the broader success of Vingroup underscore the transformative power of a customer-centric philosophy. By deeply understanding and prioritizing customer needs, Vingroup has built a diverse and thriving business empire, positioning itself for continued growth and influence.

Hashtag: #VinFast

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

Japanese Ambassador Celebrates Lao Scholars Heading to Japan

The attendees and scholars (Photo: Supply)

On 1 August, the Ambassador of Japan, Tsutomu Koizumi hosted a reception at his residence in Vientiane Capital for students and senior fellows of the “Project for Human Resource Development Scholarship by Japanese Grant Aid (JDS)” and the “Young Leaders Program (YLP).”

Laos, United Kingdom Ink Deal on Green Economy Framework

Laos, United Kingdom, Northern Ireland Ink Deal on Green Economy Framework
David Lammy, Secretary of State for the Foreign Commonwealth and Development Office (left) and Deputy Prime Minister and Minister of Foreign Affairs Saleumxay Kommasith (right) (photo supplied)

Saleumxay Kommasith, Deputy Prime Minister and Minister of Foreign Affairs, and David Lammy, Secretary of State for the Foreign, Commonwealth, and Development Office, signed a Memorandum of Understanding (MOU) on the Green Economy Framework during the ASEAN Foreign Ministers’ Meeting in Laos.

Cryptocurrencies landscape in Malaysia and Singapore – Octa expert analysis


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 August 2024 – The growth of financial technologies, including blockchains and cryptocurrencies, depends on how well the legal system can adapt. Globally, the legal status of cryptocurrencies remains ambiguous as most countries still need to establish comprehensive laws to govern them. However, only a few states explicitly prohibit crypto mining. While the global regulatory landscape continues to evolve, Malaysia and Singapore offer unique approaches to cryptocurrency supervision. In this article, the experts of Octa Broker take a closer look at the current status and prospects of crypto in these countries.

Octa

Popularity
Malaysia and Singapore both play a significant role in the Southeast Asian digital finance landscape. In 2023, Malaysia ranked among the top 30 countries for crypto adoption based on transaction volume, with its peer-to-peer (P2P) exchange trade volume placing it 40th globally. As for Singapore, it is currently a regional leader in cryptocurrency adoption, with 49% of its population aware of cryptocurrencies and 12% actively owning them. In 2023, the nation attracted $627 million in crypto funding, supported by a skilled workforce and favourable fiscal policies.

Platforms like Octa, a broker with globally recognised licences, are capitalising on the growing interest in crypto by offering low-cost 24/7 trading, including weekends, which makes it easier than ever for investors to dip their toes into the crypto waters.

Regulation and Future Prospects

Malaysia regulates digital assets through the Capital Markets & Services (Digital Currency and Digital Token) Order 2019. While cryptocurrencies are classified as securities, they are not recognised as legal tender by Bank Negara Malaysia (BNM), the country’s central bank. Companies involved with digital currencies or tokens are required to register with the local authority. The regulations also enable companies to raise funds through token issuance but require due diligence and compliance with anti-money laundering (AML) and anti-terrorism financing policies. ‘Despite these regulations, Malaysia’s legal framework still lacks transparency and consistency, posing risks for businesses trying to navigate the complex landscape. As crypto popularity rises, new policies may emerge’, said Kar Yong Ang, the Octa broker’s financial market analyst.

In contrast with its neighbour, Singapore already boasts a robust regulatory framework that enhances its status as a global financial centre. The Payment Services Act (PSA), introduced in 2019, serves as the primary legal framework governing digital payment tokens (DPTs). It mandates licenses for activities like operating exchanges and providing digital wallets. Additionally, the Securities and Futures Act (SFA) regulates DPTs that resemble capital market products, while the Commodity Trading Act applies to asset-backed DPTs, treating them as commodities. This comprehensive regulatory approach ensures a structured environment for cryptocurrency activities, fostering innovation while maintaining security. Singapore’s strong telecommunications infrastructure, highly skilled workforce, and favourable fiscal policies, such as the absence of capital gains tax, make it an attractive hub for digital innovation. A thriving community of startups, accelerators, and incubators foster innovation in the crypto sector. According to Statista, the country’s crypto market is projected to grow by 8.79% annually from 2024 to 2028, reaching $479.5 million in value by 2028. ‘The growth is supported by the Singaporean government’s proactive investments in blockchain technology, research, and fintech innovations that explore new blockchain applications’, noted Kar Yong Ang, the Octa broker’s financial market analyst.

As Malaysia and Singapore shape and hone their respective cryptocurrency regulatory policies, their strategies highlight different balances between innovation and security. Malaysia faces challenges in regulatory clarity, while Singapore strengthens its position as a crypto-friendly nation. The evolving landscape in these countries will shape the future of cryptocurrency adoption in Southeast Asia, providing valuable insights for other nations looking to embrace the digital revolution.
Hashtag: #Octa

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 used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

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 Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Hong Kong, forging business opportunities with Vietnam


HONG KONG SAR – Media OutReach Newswire – 2 August 2024 – Hong Kong is going all out to strengthen business links with Vietnam and the wider Association of Southeast Asian Nations (ASEAN) region. A high-level delegation, led by John Lee, Chief Executive of the Hong Kong Special Administrative Region, is in Vietnam (31 July – 2 August, 2024), meeting top government and business leaders in Hanoi and Ho Chi Minh City and exploring new business opportunities.

Hong Kong’s Chief Executive, Mr John Lee (left), meets with the President of Vietnam, Mr To Lam (right).
Hong Kong’s Chief Executive, Mr John Lee (left), meets with the President of Vietnam, Mr To Lam (right).

During a meeting with the President of Vietnam, To Lam, Mr Lee highlighted that Hong Kong treasures its relations with Vietnam. He added that he looks forward to paving the way for new co-operation opportunities between the governments and business sectors of the two places through this visit.

In 2023, Vietnam was Hong Kong’s seventh-largest trading partner globally and second-largest among ASEAN member states.

Mr Lee also met Vietnam’s Deputy Prime Minister Tran Luu Quang in Hanoi, where they jointly witnessed the exchange of memoranda of understanding (MoUs) between government departments, enterprises and organisations of Hong Kong and Vietnam. The MoUs aim to promote closer cooperation in areas such as economic and trade, aviation services development, and financial and capital market development. A total of 30 MoUs were exchanged between Hong Kong and Vietnam during this visit to the country.

Mr Lee (left) meets with the Deputy Prime Minister of Vietnam Mr Tran Luu Quang (right).
Mr Lee (left) meets with the Deputy Prime Minister of Vietnam Mr Tran Luu Quang (right).

Mr Lee (first left) and Deputy Prime Minister of Vietnam Mr Tran Luu Quang (first right) witness the exchange of a memorandum of understanding in Hanoi.
Mr Lee (first left) and Deputy Prime Minister of Vietnam Mr Tran Luu Quang (first right) witness the exchange of a memorandum of understanding in Hanoi.

Mr Lee noted that Vietnam has experienced rapid economic development in recent years, while Hong Kong serves as an international financial, trade, shipping, logistics and professional services centre. As such, he encouraged more Vietnamese enterprises to leverage the city’s advantages to tap into both Mainland China and international markets.

“Hong Kong is an ideal place for listing and other fundraising activities and with quality provision of different financial, legal and professional services, it can be Vietnam’s premier business partner to tap foreign markets, particularly the Guangdong-Hong Kong-Macao Greater Bay Area (GBA),” Mr Lee said.

Hanoi-based NTQ Solutions, a leading information technology (IT) consulting, service and solutions company, is familiar with Hong Kong’s advantages. Since establishing operations in Hong Kong in 2021, NTQ Asia Pacific (formerly NTQ Hong Kong) has been upgraded to regional headquarters status, reflecting the city’s importance as a springboard to new opportunities in the GBA and across the Asia-Pacific region.

“As a part of our strategy to expand to the global market, Hong Kong is an ideal destination that helps us accelerate this goal,” said Johnny Chong, chief executive officer, NTQ Asia Pacific (APAC).

“Thanks to the city’s location at the heart of the GBA, companies with entities in Hong Kong will have the best opportunities to venture into one of the most dynamic financial centres and get connected to Mainland China, Taiwan, Macao, and APAC regions in a short flight time.”

Mr Chong identified the city’s key attractions, including geographic advantage within a four-hour flight from key ASEAN markets, dynamic tech innovation hub, and business-friendly environment with a simple tax system.

“We look forward to seeing more Vietnam tech companies venturing into Hong Kong,” said Mr Chong. “By standing together, we’ll be able to leverage each other’s competencies, strengthening Vietnam’s IT position in the regional markets.”
Hashtag: #hongkong #brandhongkong #asiasworldcity #ASEAN #vietnam #delegation #collaboration #business #exchange





Wechat: 香港 亚洲国际都会

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