Lao Brewery Company has issued a notice stating the need to adjust production costs for the first time in 2023.
Spackman Media Group Artist Son Suk-Ku Ranks #1 In The Movie Star Reputation Among All Actors In Korea
- Spackman Media Group artist, Son Suk-ku, took first place in the movie star reputation among all actors in Korea for January 2023, according to the Korea Corporation Reputation Research Institute
- The ranking underscores the popularity and recognition of Son Suk-ku, who also won the JTBC Grand Prize at the 2022 TV Drama Acting Awards in Korea
- Son Suk-ku’s latest Disney+ original drama, BIG BET, achieved the highest rating on IMDb among Korean OTT series released at the same time and ranked first in the Top 10 TV Shows on Disney+ Korea as of January 11, 2023
SINGAPORE – Media OutReach – 13 January 2023 – Spackman Entertainment Group Limited (the “Group”), one of Korea’s leading entertainment production groups founded in 2011 by media & technology investor Charles Spackman, wishes to announce that Son Suk-ku of the Group’s associated company, Spackman Media Group Limited (“Spackman Media Group”), ranked first in the movie star reputation among all actors in Korea, according to the Korea Corporation Reputation Research Institute (“KCRRI”).
The movie star reputation score for Korean actors was derived from big data analysis conducted by KCRRI using almost 200 million points of data from consumers’ reception, communication and social media branding. Achieving the top place in the movie star reputation ranking underscores the popularity and recognition of Son Suk-ku as Korea’s top actor.
Spackman Media Group flagship artist Son Suk-ku’s latest Disney+ original drama, BIG BET, scored 8.4 on IMDb, the world’s largest content rating site. BIG BET was also ranked first in the Top 10 TV Shows on Disney+ Korea as of January 11, 2023.[1]
BIG BET is an 8-episode drama series which premiered exclusively on Disney+ on December 21, 2022 and airs every Wednesday. Headlined by Son Suk-ku, Choi Min Shik, Heo Sung Tae, Kim Joo Ryung, Lee Dong Hwi and Jo Jae Yoon, the drama relates the eventful life of a man who gains success through the casino industry. Directed by Kang Yoon Sung of the 2017 box office hit THE OUTLAWS, which was co-presented and distributed by the Group’s subsidiary, Novus Mediacorp Co., Ltd., BIG BET was produced by BA Entertainment, C-Jes Entertainment and Arc Media. The second season of BIG BET is set to be released this year.
On 31 December 2022, Son Suk-ku won the JTBC Grand Prize at the 2022 TV Drama Acting Awards held by Good Data Corporation, an online competitive analysis agency for K-content in Korea.
Looking ahead, Son Suk-ku is also scheduled to star in two upcoming highly anticipated Netflix original K-dramas, D.P. SEASON 2 and MURDEROUS TOY. He is represented by SBD Entertainment Inc. (“SBD Entertainment”), a wholly-owned subsidiary of Spackman Media Group that represents and manages the careers of 12 artists. In addition to Son Suk-ku, SBD Entertainment also represents one of Korea’s rapidly rising young actors, Han Ji-hyun of popular K-drama THE PENTHOUSE 3, who won the Best Rookie Female Actor in the 2021 Brand Customer Loyalty Awards in Korea and endorsed luxury brand Gucci in April 2021.
Hashtag: #SpackmanEntertainmentGroup
The issuer is solely responsible for the content of this announcement.
Spackman Entertainment Group Limited
Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea.
The Company was founded in 2011 by renowned media and technology investor Charles Spackman who served as the Company’s Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000’s with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit http://www.charlesspackman.com and
https://spackman-group.com/charles-spackman.
Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012).
Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.
The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.
Production Labels
SEGL owns a 100% equity interest in Studio Take Co., Ltd. (“Studio Take“) which produced STONE SKIPPING (2020) and THE BOX (2021). Its latest film, A MAN OF REASON, is set to be screened theatrically and digitally in North America in the first quarter of 2023 and at theatres in Korea in the fourth quarter of 2022 or first quarter of 2023. A MAN OF REASON premiered in the US at the 42nd Hawaii International Film Festival. The film was also invited to the 47th Toronto International Film Festival, the largest film festival in North America, and the 55th Sitges Film Festival, one of the world’s top three genre film festivals. Studio Take shall also release an upcoming film, THE GUEST, in 2023 tentatively.
SEGL owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 80 films (59 Korean and 21 foreign) including OKAY MADAM (2020), LONG LIVE THE KING (2019), MY FIRST CLIENT (2019), ROSE OF BETRAYAL (2018), THE OUTLAWS (2017) and SECRETLY, GREATLY (2013), which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS (2013), as well as FRIEND 2: THE GREAT LEGACY (2013). In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE (2012), a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information, please visit http://novusmediacorp.com
The Company owns a 100% equity interest in Greenlight Content Limited (“Greenlight Content“) which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group’s first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.
The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including HURRICANE BROTHERS (working title).
The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.
Talent Representation
The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as SBD Entertainment Inc. (Son Suk-ku, Han Ji-hyun, Park Keun-rok), MSteam Entertainment Co., Ltd. (Son Ye-jin, Wi Ha-jun, Lee Min-jung, Ko Sung-hee, Lee Cho-hee), UAA&CO Inc. (Kim Sang-kyung) and Play Content Co., Ltd. (Hwang-hwi). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company. For more information, please visit http://www.spackmanmediagroup.com
The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.
Strategic Businesses
The Company also operates a café-restaurant, Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.
For more details, please visit http://www.spackmanentertainmentgroup.com/
Indonesia to Start Special Office to Tackle Myanmar Crisis
As the Chair of ASEAN in 2023, the country will be setting up an office to specifically look at managing the ongoing crisis in Myanmar.
Scorpio Electric Clinched US$6.75 Million In Funding at Valuation of US$150 Million
- Scorpio Electric secured US$6.75 million* investment at US$150 million valuation as the brand works towards the production of their first international product
- The Scorpio Electric X1 will commence production and global deliveries in second half of 2023
SINGAPORE – Media OutReach – 13 January 2023 – Scorpio Electric Pte. Ltd. (the “Scorpio Electric“) has successfully raised US$6.75 million to further develop and test its first electric motorcycle, the Scorpio Electric X1 (the “X1“). The funds will be used to manufacture the first batch of X1 pre-production prototypes. Mass production and global deliveries of the X1 are set to commence in the second half of 2023. To expand the future portfolio of vehicle model line-up, funds will also be allocated to develop new premium electric motorcycle models and variants that support the onward global march towards adoption of more sustainable energy alternatives.
Scorpio Electric is a smart electric vehicle company specialising in high-performance electric motorcycles. The X1 features a futuristic and unique design in a practical maxi-scooter form factor. The X1 delivers dynamic ride and handling capabilities, while equipped with the latest smart rider technology and connectivity.
Scorpio Electric has experienced significant breakthroughs throughout 2022, some of which include additional research and development of the future motorcycles’ models, crystallisation of production pipelines, and timelines. Scorpio Electric has seen its business develop rapidly, and anticipates many more lucrative opportunities to come their way. With the support of investors, Scorpio Electric will be one step closer to realising its vision of becoming a global brand in the electric mobility space.
“Developing an international product of high standards is no meagre task, and our engineering team is working tirelessly to validate and test the X1.” Mr. Joshua Goh, the CEO of Scorpio Electric, commented, “The pandemic presented our business with plenty of hurdles. It was a contributing factor to our new production timelines. Moving into 2023, international travel has reopened and we are working closely with a Chinese conglomerate to assemble the X1. We have plenty of supporters and business partners who are anticipating eagerly. This year will be an exciting one!”
*An aggregate fund of US$6.75 million was raised from various investors. US$1.75 million was raised in May 2022 and US$5.00 million in January 2023. Please refer to Announcement dated 11 November 2022 and 12 January 2023 made by EuroSports Global Limited on the SGXNet.
Hashtag: #ScorpioElectric
The issuer is solely responsible for the content of this announcement.
About Scorpio Electric
Founded in 2017, Scorpio Electric is a Singapore-based electric motorcycle manufacturer focusing on design, performance, and technology. The Company is backed by EuroSports Global Limited.
Scorpio Electric aims to be a global brand and technology innovator in the two-wheel electric space, focusing on developing sleek electric motorcycles that share a symbiotic relationship with the user through smart capabilities as they seek to be at the forefront of new sustainable mobility adoption.
For more information, please refer to: https://www.scorpioelectric.com or their related social media platforms @scorpioelectric
About EuroSports Global Limited
Established in 1998, EuroSports Global Limited has a long history in the specialisation of distribution of ultra-luxury and luxury automobiles and provision of after-sales services. Its Automobile Sales business retails new ultra-luxury and luxury automobile brands and pre-owned automobile brands comprising of Lamborghini and Touring Superleggera.
EuroSports Global Limited has been the sole authorised dealer for Lamborghini in Singapore since 2002 and Indonesia since 2018, and the exclusive distributor for Touring Superleggera in Singapore, Malaysia, Brunei and Indonesia and non-exclusive distributorship in the PRC since October 2012.
EuroSports Global Limited is investing in Scorpio Electric to develop a sustainable mobility solution in the form of electric motorcycles.
This press release has been prepared by the Company and its contents have been reviewed by the Company’s Sponsor, RHT Capital Pte. Ltd. (the “Sponsor“), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST“).
This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Mr Mah How Soon, Registered Professional, 36 Robinson Road, #10-06 City House, Singapore 068877, sponsor@rhtgoc.com
Gender disparity exists at all levels in Hong Kong’s legal sector, finds a survey jointly launched by Mayer Brown and Women in Law Hong Kong
Industry representatives call for collaborative effort to redress the gender imbalance
HONG KONG SAR – Media OutReach – 13 January 2023 – Mayer Brown and Women In Law Hong Kong (WILHK) today announced the findings of a joint survey aimed at exploring gender biases in Hong Kong’s legal industry. The objective of the project is to examine the behaviours that women encounter at the workplace, including gender biases and micro-aggressions: the everyday, subtle, and often unintentional comments and interactions that may accumulate and contribute to gender disparity.

The findings of the survey, which drew responses from more than 360 women and men who are currently working or have worked in the Hong Kong legal sector, show that women in Hong Kong’s legal sector are facing systemic gender biases that exist at all levels, from the most senior levels to those starting out in the profession.
Half of the female respondents feel they have been treated differently to their disadvantage as a result of their gender in the Hong Kong legal sector. 23.7% of female respondents had been told to change their specialty in law or career path, five times more than male respondents. Moreover, 38.2% of female have felt left out of career-building opportunities because of their gender or care responsibilities. In several cases, female respondents reported their commitment or competence was questioned because of being a caregiver. Hence, many women are choosing to leave the legal profession, resulting in a gender imbalance at senior levels of private practice and in-house teams.
The findings also suggest that the legal sector needs to address its prevalent “boys’ club” culture, which involves men forming groups excluding women, therefore favouring men over women when it comes to promotions and professional development opportunities. Some female respondents also reported that they are too often ignored, interrupted or undermined in many workplace settings. Additionally, many women lawyers expressed their struggle to call out this behaviour without being seen as being difficult or not “part of the team”.
Women continue to receive unsolicited comments about their appearance or behaviour, with 26.1% of female respondents reporting negative experiences with receiving advice about the clothes they wear at work. Apart from comments on their appearance, many female lawyers received patronising remarks about how they should behave, in case of being viewed as too aggressive and assertive.
Alarmingly, women who do advance up the career path have found they are subject to more, rather than fewer, incidents of micro-aggressive behaviour, with 23.0% of female respondents in senior roles experiencing clients directing questions or queries to a more junior male colleague instead of them.
Amita Haylock, partner of Mayer Brown’s IP & TMT group and Co-Chair of the Asia Women’s Network, said, “If industry representatives make a collaborative effort and take these biases seriously, these issues can be addressed with real impact. Senior leadership need to walk the talk, and leaders need to take the initiative to respectfully challenge each other on gender bias issues. It is only through intentional and consistent action that an inclusive culture can be nurtured, and microaggressions will stop.”
Alison Tsai, Chairlady of WILHK added, “Research suggests that a lot of men and women have similar levels of ambition at the beginning of their careers. Negative experiences can do great damage to their ambitions and push them away from the workplace. However, positive experiences would encourage them to pursue leadership roles. If systemic changes are made in the legal industry, they can create such positive experiences and support the rise of female talent in Hong Kong’s legal sector.”
Vast bodies of research and examples across the globe have shown that gender equality in the workplace makes for good business. The survey suggests that law firms, barristers’ chambers and in-house legal functions can benefit from having the right policy in place as a minimum. They must also make the effort to ensure that the policy is actually practiced, as such actions can be tokenistic if a culture to support these policies is not nurtured. Other meaningful changes could include improving current HR systems and talent management practices with a D&I lens by remaining educated on unconscious biases at every stage of employment, including talent acquisition, performance management and succession planning. Firms may also offer dedicated coaching and training sessions on inclusivity to employees in leadership roles. A key performance indicator of the workplace environment should be established, measured by regular feedback and internal colleague engagement surveys.
Hashtag: #MayerBrown
The issuer is solely responsible for the content of this announcement.
About Women in Law Hong Kong
Women in Law Hong Kong (WILHK) is a society providing private practice lawyers, in house counsel and all other industry professionals a solutions-based approach to gender equity. WILHK is supported by many of Hong Kong’s leading firms and institutions and is one of the largest legal networks in Hong Kong. With over 1,500 members representing all genders, WILHK encourages a diverse exchange of ideas and collaboration.
About Mayer Brown
Please visit mayerbrown.com for comprehensive contact information for all Mayer Brown offices.
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England & Wales), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) and non-legal service providers, which provide consultancy services (collectively, the “Mayer Brown Practices”). The Mayer Brown Practices are established in various jurisdictions and may be a legal person or a partnership. PK Wong & Nair LLC (“PKWN”) is the constituent Singapore law practice of our licensed joint law venture in Singapore, Mayer Brown PK Wong & Nair Pte. Ltd. Details of the individual Mayer Brown Practices and PKWN can be found in the Legal Notices section of our website. “Mayer Brown” and the Mayer Brown logo are the trademarks of Mayer Brown.
© 2023 Mayer Brown. All rights reserved.
Julia Garner, Selena Gomez and Emma D’arcy Shine in De Beers Jewellers at the 2023 Golden Globe Awards

Julia Garner, double nominee and winner for Best Performance by an Actress in a Supporting Role in a Musical – Comedy or Drama TV Series, radiated natural elegance in classic diamond designs including a statement Swan Lake High Jewellery diamond necklace and mismatched delicate diamond earrings.
Selena Gomez, nominated for Best Performance by an Actress in a TV Series – Musical Or Comedy, opted for sweeping Aden High Jewellery diamond drop earrings, Volute High Jewellery and Adonis Rose High Jewellery pear-shaped diamond rings.
Emma D’Arcy, nominated for Best Performance by an Actress in a TV Series – Drama, shined in Enchanted Lotus High Jewellery cocktail ring and Aura High Jewellery yellow diamond earrings.
Hashtag: #DeBeers #DeBeersHK #naturaldiamonds
The issuer is solely responsible for the content of this announcement.
About De Beers Jewellers
Founded in London, with a flagship store on Old Bond Street and a presence in the most exclusive locations around the world, De Beers Jewellers is the pinnacle of luxury diamond jewellery. Building on De Beers’ 130 years of expertise, the House glorifies the world’s most beautiful diamonds through creativity and craftsmanship in bold, distinctive designs.
De Beers is invested in ensuring all the diamonds it discovers create a lasting positive impact for people and the places where they are found. This comes with a pledge to build a better future – one that is fairer, safer, cleaner and healthier, in which communities thrive, ethical practices are maintained, and the natural environment is protected. We call this long-term commitment Building Forever.
De Beers Jewellers has 35 stores globally and ships to 15 markets via debeers.com.
FB: @DeBeers
IG: @debeersofficial
https://www.debeers.hk/
DBS Foundation partners ImpactHK on “The Kind Kitchen” community project to serve the city’s underprivileged with food support
Two-year partnership helps provide 210,000 meals to people experiencing homelessness and empowers them to build their own social capital
HONG KONG SAR – Media OutReach – 13 January 2023 – DBS Foundation, committed to championing social entrepreneurship and creating impact in the community, announced a two-year strategic partnership with ImpactHK to support The Kind Kitchen, a community kitchen to serve the underprivileged in need of food support. The Kind Kitchen will provide a total of 210,000 meals over the next two years to people experiencing homelessness. The partnership aims to create long-term impact on the Hong Kong communities in need by supporting people who experience homelessness and enhancing food resilience for the underprivileged.

Food accounts for one-third of all solid waste in Hong Kong, with 3,255 tonnes of food waste being sent to landfills every day. In addition, 1.6 million people in the city are living in poverty and struggle to have access to a hot, healthy meal everyday. There was also a 19% increase in the number of registered street sleepers between 2020-2021, with the total number reaching a 10-year high in 2022. As a result, there is a need to dial up the efforts to deliver greater food resilience to the underprivileged and empower the growing number of people experiencing homelessness to build their own social capital.
Launched as part of DBS Foundation’s Community Impact chapter, the partnership with ImpactHK’s The Kind Kitchen aims to save and redistribute 40,000 kilograms of surplus food to those in need. With DBS Foundation’s support, The Kind Kitchen will also be able to scale up its operation and share more food to the needy. In addition to tackling food waste and the food resilience concern, this partnership will also provide employment and training opportunities for people experiencing homelessness, helping them to build self-esteem and discover their life purpose and goals
Amy Wu, Executive Director and Head of Group Strategic Marketing and Communications of DBS Bank Hong Kong, said, “Sustainability has always been at the heart of DBS. To create impact beyond banking, we support social enterprises to scale up their business impact, and help community to improve life and livelihood and solve social challenges through DBS Foundation. By partnering with ImpactHK, we support The Kind Kitchen project to provide meals for underprivileged communities and create job opportunities for people experiencing homelessness. Through our partnership, we hope to build public awareness of social issues and activate our employees to drive change, impact, and serve the community.”
Jeff Rotmeyer, Founder & CEO of ImpactHK, said, “It is our pleasure to partner with DBS Foundation on this meaningful initiative. The partnership will not only provide meals to the people experiencing homelessness and underprivileged communities but create a more inclusive community by helping them build self-esteem and discover life purpose and goals. With DBS Foundation’s support, we can enhance our kitchen and scale up our ability to bring positive impact.”
The city we call home is more than just a place to live and work. Let us all work together to support our community.
For more information to support and donate to ImpactHK, please visit https://impacthk.org/donate/
For more information about DBS Foundation, please visit https://www.dbs.com/foundation/default.page
Hashtag: #DBS #DBSFoundation
The issuer is solely responsible for the content of this announcement.
DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “ World’s Best Bank” by Global Finance, “
World’s Best Bank” by Euromoney and “
Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “
World’s Best Digital Bank” by Euromoney and the world’s “
Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “
Safest Bank in Asia” award by Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
ImpactHK
ImpactHK works with people experiencing homelessness to help them settle in a safe home, restore their mental and physical wellbeing, build their self-esteem and discover their purpose. To do this, it provides direct holistic support to people experiencing homelessness and empowers them to transform their lives. This includes employment training, education, food, shelter, emotional support and much more. At the same time the organisation builds community connections to increase collective understanding of homelessness and empathy towards the people who experience it.
DBS Foundation
DBS Foundation is focused on creating impact and improving lives through championing social entrepreneurship and preparing communities for the future.
The existing “Business for Impact” chapter was established when DBS Foundation commenced operations in 2014, and focuses on championing businesses and social enterprises with a dual bottom line.
In 2022, the DBS Foundation expanded the scope and scale of its operations with the formation of the new “Community Impact” chapter. The new chapter looks to supporting communities by equipping them with essential skills for a better future, specifically financial and digital literacy skills. It also aims to tackle climate change with a focus on food waste reduction.
For more information, please visit www.dbs.com/dbsfoundation.
Huobi partners with Solaris to launch crypto debit card in Europe
The Visa-approved program will be available to both new and existing users residing in the European Economic Area (EEA) from Q2 in 2023. They will be able to select and spend from a range of different digital assets linked to their card at the point of sale, via their Huobi trading account.
This card functionality will remove friction from the user experience, saving time for Huobi users when it comes to on/off ramp fiat and digital assets between accounts and cards. Huobi VISA card holders who pay with Huobi’s platform token Huobi Token (HT) will be rewarded with cashback benefits in accordance with their card levels. Solaris will be providing full end-to-end processing and issuing capabilities for the program, including Visa BIN sponsorship.
Justin Sun, a member of the Huobi Global Advisory Board, said: “Huobi highly values our user experience and continuously works to drive improvement for users. This partnership will help us deliver a better experience to our users.”
The Huobi-branded Visa debit cards will offer users a range of loyalty benefits and are powered by Solaris’s Buffer card issuing and secondary authorisation technology. Buffer enables cardholders to make payments via a primary fiat account by connecting to a wallet of value (e.g. digital asset) held in a secondary account to deliver a frictionless payment experience. In the future, the card will be deeply binded with Huobi’s platform token Huobi Token (HT) to offer more benefits to card holders.
Andrea Ramoino, Chief Strategy Officer at Solaris said: “We are excited to be partnering with a market-leading virtual asset exchange to deliver frictionless crypto- to-fiat point-of-sale spending to the Huobi community, through our market-leading Buffer technology. This is just the first step in our partnership as we look ahead to delivering more payment options to users in the EEA region and beyond.”
Hashtag: #Huobi
The issuer is solely responsible for the content of this announcement.
About Huobi
Founded in 2013, Huobi is one of the largest virtual asset exchanges in the world. Huobi serves millions of users across international markets. Since its establishment, Huobi has committed to providing first class virtual asset investment services. Huobi’s robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives. Please refer to Huobi’s official website for more information: www.huobi.com
About Solaris
Solaris, provides award-winning B2B, banking and payment solutions. One of the FT1000: Europe’s Fastest Growing Companies in 2018, 2019 and 2020. Solaris has offices in the UK, Lithuania and India – and recently completed a merger with Berlin- based Solaris to become Europe’s undisputed leader in Banking-as-a-Service. Solaris benefits from a full license suite, including FCA and Bank of Lithuania e- Money Licenses which cover the EEA, and a full UK consumer credit license. Solaris is a Principal Visa and Mastercard member with full sponsorship and processing capability.