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ONYX Hospitality Group Expands Its Footprint with the Opening of Y Hotel in Hong Kong

One-month free stay to be given out as part of the celebratory activities

HONG KONG SAR – Media OutReach – 29 December 2022 – ONYX Hospitality Group continues the expansion of its portfolio with the launch of Y Hotel Hong Kong. The 96-room Y Hotel, set along the tram line in the Sheung Wan area – a neighbourhood full of history and charm, officially opened its door on 23 December 2022.

The fully non-smoking Y Hotel offers rooms ranging from Classic to One Bedroom Harbour Suite overlooking the city or harbour. All rooms and suites effortlessly blend timeless simplicity with tasteful, contemporary décor, featuring a workspace, a LED TV set with international channels and a capsule coffee machine. With the usage of the warm, earth-tone colour scheme and the installation of the comfortable Slumberland beds and blackout curtains, a good night’s rest is ensured for all.

Additionally, Y Hotel offers facilities such as iLink – an indoor area equipped with tablets and internet connection, Terrace – an open-air leisure space and self-check-in kiosks. Source Bar, located on the first floor of the hotel, is now soft opened, serving guests some of the finest cocktails and canapés.

Situated on Hong Kong’s famous Dried Seafood Street, a section of Des Voeux Road West in the Sheung Wan and Sai Ying Pun area, Y Hotel is just steps away from both buses and the “Ding Ding” tram stops, and is a three-minute walk away from the Sai Ying Pun MTR station. Slightly further afield is the Central Ferry Pier with links to Kowloon and elsewhere. Also nearby is the Hong Kong Macau Ferry Terminal, the hop-on point for the ferry and the helicopter linking Hong Kong with Macau.

In celebration of its opening, Y Hotel is running a special hot deal on its official website with 20% discount offered on Best Flexible Rate. ONYX Rewards members can receive an extra 10% discount on this offer. Furthermore, the hotel will be running free room night giveaways on its official social media accounts as part of the celebratory activities. Participants can win up to a one-month stay in Y Hotel! For more information or reservations, please visit www.mosaic-collection.com/yhotel-hongkong and follow Y Hotel on Facebook @yhotelhongkong and Instagram @yhotelhongkong.

Based in Bangkok, ONYX Hospitality Group currently operates over 40 properties across Asia Pacific, with additional 10 projects in the pipeline. Most recently, it welcomed two new Shama properties in Bangkok – Shama Petchburi 47 Bangkok and Shama Ekamai Bangkok, to the portfolio and launched two new Amari hotels in Malaysia – Amari Kuala Lumpur and Amari SPICE Penang.

Hashtag: #ONYXHospitalityGroup #YHotelHongKong

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

About ONYX

ONYX Hospitality Group operates several diverse yet complementary brands – Amari, Shama and OZO – each catering to the distinctive requirements of today’s business and leisure travellers. ONYX reaches beyond its Thai roots to offer innovative management solutions across Asia-Pacific region. Visit .

Follow us on Twitter: @ONYXprteam
Follow us on Instagram: @onyx.pr

Miss Universe Laos Gives Interview on Las Vegas Morning TV

Miss Universe Laos Payengxa Lor appears on KSNV News TV 3 (Photo: Payengxa Lor).
Miss Universe Laos Payengxa Lor appears on KSNV News TV 3 (Photo: Payengxa Lor).

Miss Universe Laos, Payengxa Lor, gave an interview on Las Vegas’ KSNV News 3 Today, telling host Kim Wagner about the cultural significance of winning the crown.

AYASA Globo won the HFM 2022 Asian Services Awards for the third consecutive year

HONG KONG SAR – Media OutReach – 29 December 2022 – One of the leading one-stop financial services providers, AYASA Globo is honored to announce that it won the “Best administrator – boutique and emerging managers” at HFM Asian Services Awards 2022. This is the third year in a row that AYASA Globo received the award in this category. This award scheme, now in their 16th year, aims to recognize those hedge fund service providers who demonstrate outstanding services. The awards are the most important and influential hedge fund awards in the calendar, with the best-performing funds and related companies all vying for industry-wide recognition.

Edward Yum, Founder & Group CEO, AYASA Globo
Edward Yum, Founder & Group CEO, AYASA Globo

“We are grateful to have won the HFM award for 3-year in a row with such magnificent recognition from the organizer which is like the ‘Oscars’ in hedge fund industry. We would like to express our gratitude to our clients and our staff who supported our company and contributed to our new milestone in this challenging time. Hence, we will continue to provide the high-quality services to both established and emerging fund managers” said Edward Yum, Founder & Group CEO, AYASA Globo.

AYASA Globo can maintain 98% of the client retention rate

AYASA Globo managed to sustain growth and maintain high retention rate over the past few years. The advantage of having the full operation, compliance and relationship teams stationed in Hong Kong facilitates the delivery of high-quality client service to promptly respond to all clients’ queries. It also insists on no outsourcing to other cities at all so it can guarantee high-quality client services. As a result, AYASA Globo maintains 98% of the client retention rate in 2021 which is an impressive number in a B2B business.

Strong growth in business despite the pandemic

AYASA Globo managed to sustain growth in 2020-2022 despite the outbreak of COVID-19, AYASA Globo still have numerous new funds launched with it and continued to engage it as their fund administrators. 2021 was actually a record high for AYASA Globo in terms of the numbers of new funds launched. It has a 56% growth of fund administration fee revenue in 2021/22 compared to 2020/21. Number of funds under administration: approaching 200 funds in 2021, 114% increase in AUM compared to last year. The result was quite outstanding comparing with the other financial institutions.

Edward Yum further added “AYASA Globo is opening a new office in Singapore next quarter and planning to set up an office in London as well, it allows us to deliver a more comprehensive service to our clients. Together with the development of our own fintech product – AGenius, I believe AYASA Globo will be able to uplift our service beyond industry standard.”

Hashtag: #AYASAGlobo

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

About HFM Award

Year-on-year, the With Intelligence HFM Asian Services Awards recognizes and rewards hedge fund service providers who have demonstrated exceptional client services, innovative product development, strong and sustainable business growth over the past 12 months. The rigorous judging process, based on the views of a panel of leading hedge fund COOs, CFOs, CCOs, GCs, and CTOs, ensures that the Awards recognize those driving up service standards across the sector and stand out from the crowd as the ones the big providers really want to win.

About AYASA Globo

Founded in 2014, AYASA Globo Financial Services has its presence in multiple cities and countries across the world including the Cayman Islands, Hong Kong, Taipei, Singapore, Dubai, Zurich, Chicago, Panama, BVI. Utilizing the expertise and years of international experience among Funds service, Wealth and Tax Planning, Trust and Trustee, Corporate Structuring, Compliance and Escrow Agent Service, it offers tailor-made solutions to every client while efficiency is well guaranteed. Full fund administration and relationship teams are located in Hong Kong that could provide direct and effective communications that meet clients’ needs.

Company website:

Top Laotian Times News Stories of 2022

The Laotian Times revisits the top news stories of the year 2022.

Miss Universe Laos Shoots for an American Movie in Las Vegas

Payengxa Lor, Miss Universe Laos, and filmmaker crews.

Payengxa Lor, Miss Universe Laos 2022, has performed some action scenes for a movie in the United States. 

BCEL One Now Allows Overseas Funds Transfers

Woman performing financial business on her mobile device (photo: Experian)

BCEL One has recently implemented a new “SWIFT Transfer” function that allows users to transfer and receive money from all around the world using SWIFT on the BCEL One application.

Yeebo Announces the Successful Listing of Suzhou QingYue on The Shanghai Stock Exchange STAR Market

HONG KONG SAR – Media OutReach – 28 December 2022 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries, is referred to as the “Group”) announces Suzhou QingYue Optoelectronics Technology Co. Ltd. (“Suzhou QingYue”, stock code: 688496.SH), an associate of the Group, made its debut on The Science and Technology Innovation Board (“STAR Market”) of the Shanghai Stock Exchange today and successfully raised a net proceed of approximately RMB735 million, which will be used to support its future business expansion.

Suzhou QingYue is one of the global leaders in passive mode organic light emitting diode (“PMOLED”). Leveraging its leading and proprietary technology, Suzhou QingYue integrates research and development (“R&D”), production and sales of PMOLED, e-paper modules and Micro-OLED. It has established R&D centers and large-scale production lines in Jiangsu, Zhejiang and Jiangxi. Its products are widely used in medical and health care, household applications, supermarkets and retailing, consumer electronics, automotive industrial control, wearable products, and safety products.

Immediately after the Listing, the Group’s shareholding in Suzhou QingYue has decreased from 35.10% to 28.08%. Suzhou QingYue continues to be an associate of the Group and the results of Suzhou QingYue continue to be equity accounted for in the Group’s consolidated financial statements. As of today, the Group holds 126,345,600 shares of Suzhou QingYue and the relevant market value was RMB1.16 billion based on its IPO offering price at RMB9.16 per share.

Commenting on the successful listing of Suzhou QingYue, Mr. Fang Yan Tak, Douglas, Chairman of Yeebo, said, “We are immensely proud of the Suzhou QingYue team and are excited on the successful listing of Suzhou QingYue’s shares on the STAR Market, which marks another milestone of Suzhou QingYue’s corporate development. The display industry is experiencing profound transformation, and Suzhou QingYue is well positioned to accelerate its growth. Investors’ overwhelmed response to the IPO of Suzhou QingYue is a testimonial of their recognition on the prospects and the valuation of Suzhou QingYue.”

“Yeebo is a diversified electronics component company. We have proven track record in identifying opportunities with exceptional management teams and outstanding product offerings. Nantong Jianghai Capacitor Co., Limited (stock code: 002484.SZ) and Suzhou QingYue, both associate companies of the Group, are industry leaders in their respective fields, and are well positioned to capture market share in their rapidly growing markets. We will continue to actively look for further M&A opportunities in companies with leading and differentiated technology and products. Growth by acquisition is an important part of the future growth of Yeebo, alongside our organic growth.”

Hashtag: #Yeebo

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

About Yeebo (International Holdings) Limited:

Founded in 1988, Yeebo (International Holdings) Limited is a diversified electronics component company, with a wide range of business interests in flat panel display and modules, OLED and capacitor. Headquartered in Hong Kong, the manufacturing activities largely reside in Guangdong and Jiangsu provinces. With a global sales footprint, Yeebo is able to service its global customers on a local basis.

Gunung Raja Paksi champions sustainability initiatives in Southeast Asia with USD 32 million sustainability-linked loan from BNI

With the newly secured loan, Gunung Raja Paksi will be looking to further its ESG strategy initiatives as outlined in their handbook

JAKARTA, INDONESIA – Media OutReach – 28 December 2022 – PT Gunung Raja Paksi (GRP), a member of Gunung Steel Group and one of the largest private steelmakers in Indonesia, has secured a USD 32 million sustainability-linked loan from the national bank of Indonesia, Bank Negara Indonesia (BNI), making them the first steelmaker within the country to do so. The five-year bilateral credit would be used to fund GRP’s sustainability initiatives, which include the recently commissioned Light Section Mill (LSM).

The collaboration is marked with the visit to GRP site by the Director of Enterprise & Commercial Banking BNI, Muhammad Iqbal and General Manager of Enterprise Banking, Rangga Bhirawa was welcomed by Chief Financial Officer GRP, Roymond Wong and Head of Sustainability, Sheren Omega which located in West Cikarang, Bekasi on Wednesday, 28th December 2022.

Key to one of GRP’s commitments which is to meet domestic steel needs within the country, the LSM is expected to increase operational efficiency through lowering energy consumption and thereby reducing carbon emissions. This project is also part of GRP’s mission towards decarbonisation which follows their recent partnership with Indonesian Chamber of Commerce (KADIN), where the company pledged its support towards helping Indonesia achieve its goal of Net Zero by 2060.

As steel is an essential material needed in construction and industrial projects, GRP believes that the usage of steel produced via sustainable means will be an important pathway towards building an eco-friendly nation. A recent projection by PwC and Indonesian Iron & Steel Industry Association (IISIA) revealed that steel usage in Indonesia has reached 18.1 million tonnes (mt), an increase of 7.6% versus 2021. The same study also projects that the forecast for steel consumption by 2050 is 125 million tonnes, which is driven mostly by the construction sector which by itself accounts for up to 75% of steel demand.

“With the conclusion of COP27, the question now is, how do we help the private sector and industry players transition to sustainable business models? Green finance is a key area of discussion when it comes to advancing the sustainability agenda as it gives industry players the needed capabilities to implement sustainable technologies and processes in their businesses. Having the support of BNI will not only encourage sustainable methods of production, but also allow us to accelerate the rate of decarbonisation in the region,” said Roymond Wong, Chief Financial Officer at GRP.

“As one of the leaders in the private steelmaking space within Indonesia, we are conscious of the need to produce steel in a sustainable manner. Combined with this growing discernment around ESG strategies, customers and regulators are becoming more aware and educated on the need for sustainable steel. The combination of this newly secured loan and our existing ESG strategy, is aimed at ensuring that the produces steel meets green requirements towards regional development projects for Indonesia’s goals to become a greener nation,” said Sheren Omega, Head of Sustainability at GRP.

Director of Enterprise & Commercial Banking of BNI, Muhammad Iqbal said, GRP is an industry player who is at the forefront of implementing sustainable production methods in the business.

Furthermore, Iqbal explained that BNI as a pioneer of green banking in Indonesia hopes to continue to encourage changes towards the future of sustainable business activities and comprehensive business collaboration with GRP.

“We are very grateful for the opportunity to contribute together in realizing a green economy. In the future, BNI and GRP will also optimize the potential for financing the company’s value chain, cash management, payment channels, supply chain financing, financing for partners and employee consumer products, both funds and loans, along with providing solid digital solutions for GRP”, he added.

Hashtag: #GunungRajaPaksi #GRP

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

About GRP

PT Gunung Raja Paksi Tbk (GRP) is part of the Gunung Steel Group, which is one of Indonesia’s major private steel businesses. Our company began its operations in 1970 in Medan, North Sumatra, by producing hot steel, then progressed to manufacture steel beams and sheets.

With over 50 years of steel industry experience, GRP has a production capacity of 2,200,000 tons of high-quality steel annually approved by local and international certifying company.

Today, our company has become one of the largest private steel companies in Indonesia. Gunung Raja Paksi, “Shaping Tomorrow”. Together we develop a better future.

For more information, please visit: www.gunungrajapaksi.com

About BNI

PT Bank Negara Indonesia (Persero) Tbk (BNI) is a provider of personal and business banking, treasury, and wealth management solutions. It offers a range of banking solutions such as loans, credit and debit cards, time deposits, savings accounts, current accounts, and bancassurance products.

It also offers services such as foreign exchange, priority banking, international banking, treasury management, investment, advisory, cash management, and payment. In addition, BNI offers ATM services, phone banking, SMS banking, and Internet banking.

The bank operates through a network of branches, sub-branches, and other outlets across Indonesia. It also has overseas branches and sub-branches in Tokyo, Hong Kong, London, New York, Seoul, and Singapore. BNI is headquartered in Jakarta, Indonesia.