29.1 C
Vientiane
Sunday, September 14, 2025
spot_img
Home Blog Page 1939

Zuellig Pharma enters into an agreement with Regeneron to bring Libtayo® (cemiplimab) to South Korea and Taiwan markets


SINGAPORE – Media OutReach Newswire – 28 August 2024 – Zuellig Pharma, a leading healthcare solutions company in Asia, has announced an exclusive distribution agreement with Regeneron Ireland DAC, a wholly owned subsidiary of Regeneron Pharmaceuticals, Inc. to launch and commercialise Libtayo® (cemiplimab), a fully human monoclonal antibody targeting the immune checkpoint receptor PD-1 on T cells, in South Korea and Taiwan.

Regeneron is a leading biotechnology company that invents, develops and commercialises life-transforming medicines for people with serious diseases. Libtayo® (cemiplimab) is currently approved for first-line monotherapy treatment of advanced non-small cell lung cancer (NSCLC), the treatment of metastatic or locally advanced cutaneous squamous cell carcinoma (CSCC) and recurrent or metastatic cervical cancer in Korea. It is approved for monotherapy treatment of advanced NSCLC in Taiwan.

“We are excited to accelerate the availability of Libtayo® to patients in South Korea and Taiwan. With our proven track record and deep understanding of the complex biopharma environment in Asia, we are uniquely positioned to deliver innovative therapies to patients in the region. This also represents a significant milestone in our mission to make healthcare more accessible and improve patient outcomes, especially in the burgeoning oncology segment,” said CEO of Zuellig Pharma, John Graham.

Libtayo®, which was invented using Regeneron’s proprietary VelocImmune® technology, is currently approved by regulatory authorities in more than two dozen countries for various indications.
Hashtag: #ZuelligPharma #Regeneron #Oncology #Libtayo #Biotechnology #Healthcare #Pharmaceuticals


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

About Zuellig Pharma

Zuellig Pharma is a leading healthcare solutions company in Asia, and our mission is to make healthcare more accessible to the communities we serve. We provide world-class distribution, digital and commercial services to support the growing healthcare needs in this region. The company was started a hundred years ago and has grown to become a multibillion-dollar business covering 16 markets with over 12,000 employees. Our people serve more than 200,000 medical facilities and work with over 450 clients, including the top 20 pharmaceutical companies in the world.

ZP Therapeutics, a division of Zuellig Pharma, is the commercialisation partner of choice for the healthcare industry with offices in 13 markets across Asia and over 2,500 associates. A catalyst in improving patient journeys and healthcare outcomes through commercial excellence, robust in-market capabilities and strong ethical principles, ZP Therapeutics is a trusted partner for expanding patient access and providing innovations to the healthcare community.

For more information, visit:

Jonathan Asherson Appointed as Chairman of POLYTRON.AI and a Board Member of Vizzio Technologies


SINGAPORE – Media OutReach Newswire – 28 August 2024 – Vizzio Technologies is pleased to announce the appointment of Jonathan Asherson, former Chairman of Rolls-Royce Singapore for Asia Pacific, to its Board of Directors. In addition to his board role, Asherson will serve as Chairman of POLYTRON.AI, a Vizzio subsidiary.

Jonathan Asherson
Jonathan Asherson

Jonathan Asherson brings a wealth of experience in technology and engineering, which will be pivotal in steering Vizzio’s strategic direction and innovation. His extensive background aligns with Vizzio’s mission to transform the 3D industry through its advanced rapid 3D mapping workflow. This innovative approach significantly reduces the cost of digital twin creation, setting new standards in the industry compared to traditional LIDAR methods.

Mohd Nor Abu Bakar, Chairman of Vizzio Technologies, commented, “We are thrilled to welcome Jonathan Asherson to our team. His profound expertise and proven track record are in perfect harmony with our mission to revolutionise 3D technology. Jonathan’s belief in the transformative power of our AI-powered 3D modelling and visualisation technology is inspiring. His strategic leadership will be crucial as we continue to innovate and expand. We are confident that his guidance will drive us toward achieving significant advancements and new milestones.”

Jonathan Asherson stated, “After extensive discussions with the Vizzio Board and Management Team, it became clear that Vizzio is a company with immense potential in a robust growth sector. Their dedication to innovation aligns with my vision, and I am excited about the opportunity to contribute to Vizzio’s transformative journey. The synergy between Vizzio and POLYTRON.AI exemplifies the integration of space technology, advanced AI in 3D modelling, and city-scale digital twins. Together, we are set to usher in a new era of AI-first solutions for real-world 3D projects, establishing new industry standards.”

For full press release, visit: https://coda.io/@chiefvizzio/jonathan-asherson-former-chairman-of-rolls-royce-asia-joins-vizz

Hashtag: #VizzioTechnologies #POLYTRON.AI #AITechnology


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

Vizzio Technologies

Vizzio Technologies leads the world in creating detailed 3D city models using satellite imagery and AI. We produce immersive digital twins of cities globally, integrating multi-resolution data and machine learning for real-time insights and modelling. Established in 2020, we have mapped over 1 million square kilometres of urban space, filed 34 patents, and saved 75% of time compared to traditional methods. Our goal is to deliver dimensionally accurate, photorealistic digital twins for every city on Earth, supporting a range of applications from urban planning to security.

Beijing E-Town Creates a Hub for Robotics and Intelligent Manufacturing Industries

BEIJING, CHINA – Media OutReach Newswire – 27 August 2024 – On August 21, the highly anticipated World Robot Conference 2024 (WRC 2024) grandly opened at the Beijing Etrong International Exhibition & Convention Center, once again drawing global attention to the Beijing Economic-Technological Development Area (Beijing E-Town). As the main hub for high-end industries in the capital, Beijing E-Town has fully utilized the platform of WRC to promote the integration of production and conferences, meticulously planning industry connections and project promotions, and conducting in-depth industry forums, visits, exchanges, and project roadshows to facilitate more technological innovation achievements in the development area.

By the second day of the conference, Beijing E-Town had signed a total of 22 key projects, primarily covering two major sectors: the embodied intelligence ecosystem and components + intelligent manufacturing, further enhancing its role as a gravitational field for the robotics and intelligent manufacturing industries.

As the permanent venue of the World Robot Conference, Beijing E-Town has taken this opportunity to deeply engage in the conference, fully showcasing its strength and appeal as the primary hub for high-end industries in the capital. Zhang Qiang, Secretary of the Party Working Committee of the Beijing Economic-Technological Development Area (BDA), and Kong Lei, Deputy Secretary of the Party Working Committee and Director of the Administrative Committee of the Beijing Economic-Technological Development Area (BDA), led teams to meet face-to-face with over ten well-known robot manufacturing companies, international organizations, investment institutions, and scientists from various countries and regions. They listened attentively, investigated the development status of the artificial intelligence industry, and introduced in detail the development and policy situation of Beijing and Beijing E-Town’s AI industry, aligning resource needs, demonstrating sincerity, and seeking cooperation.

Zhang Qiang introduced to the enterprises that Beijing, as the region with the highest density of AI talent, the best innovation foundation, the most complete key links, the largest industry scale, and the strongest competitiveness in the country, has achieved a series of nationally and globally pioneering technological achievements. As a trailblazer for high-quality development in the new era and a “ballast stone” for the capital’s real economy, Beijing E-Town is deeply implementing the national “AI+” strategy and the decisions and deployments of the Beijing Municipal Party Committee and Municipal Government. It positions artificial intelligence as a key engine to vigorously advance the development of new-quality productive forces, fully leveraging its innovative resource advantages to plan and cultivate an AI industry aligned with the industrial system, strongly supporting the construction of Beijing as an international center for technological innovation and the innovative development of future industries.

Kong Lei explained that Beijing E-Town is vigorously building an innovative system that spans from algorithm breakthroughs and model development to scenario creation and industrial transformation, constructing a city of artificial intelligence for the future. The first batch of ten benchmark application scenarios, including “AI + humanoid robots,” is under construction. Here, centered around “large models + big data + massive computing power,” support is provided for building the Beijing Artificial Intelligence Data Training Base to solidify the foundation of the AI industry. Currently, 5000P high-performance intelligent computing power has been put into use, with a planned computing power scale exceeding 10,000P. Relying on the data aggregation platform, a high-quality data zone is being constructed, implementing a “regulatory sandbox” mechanism for data compliance and scenario application for large model training, providing a secure and trustworthy application training environment. Additionally, the Beijing Artificial Intelligence Data Training Base has been established to help large models develop the “strongest brain.”

At the “Embodied Intelligence Industry Trends and Future Development Forum” held on August 22 during the WRC 2024, Beijing E-Town signed agreements with eight companies, including the Beijing Embodied Intelligence Robot Innovation Center, Beijing Chietcom Transmission Technology Co., Ltd., and Beijing Ant Non-standard Technology Co., Ltd., for projects involving a “national-level” embodied intelligence innovation platform that addresses common industry issues, a domestically leading flexible and agile manufacturing service for industrial components to supplement the synergy of high-end manufacturing industries, and the independently developed high-precision reducers that achieve domestic substitution. With this, Beijing E-Town has signed a total of 22 key projects during this year’s robot conference.

With its official renaming from “Beijing Humanoid Robot Innovation Center” to “Beijing Embodied Intelligence Robot Innovation Center” (referred to as the Innovation Center), the national-level embodied intelligence innovation platform will accelerate its development in Beijing E-Town. “In November 2023, with support from the Beijing Municipal Government and attraction from Beijing E-Town, as the first innovation center in China focusing on the core technologies, product development, and application ecosystem of humanoid robots, we registered and settled in E-Town. In April this year, we also launched China’s first general-purpose robot platform, ‘Tiangong,’ achieving the world’s first humanoid running with a full-sized pure electric humanoid robot,” said Xiong Youjun, General Manager of the Innovation Center. “Next, we will focus on tackling major projects in response to the urgent needs of national strategic priorities, creating the world’s first general humanoid robot ‘hardware mother platform’ and the first large model + open-source motion control system ‘software mother platform.’ This will support the development of bodies for multiple application fields, solve ‘bottleneck’ problems that restrict industrial development, lead the high-quality development of China’s robotics industry, and enhance its global competitiveness.”

Seizing the opportunities in the development of embodied intelligent robots, Beijing E-Town has also attracted a number of embodied intelligence ecosystem enterprises, including projects like IAT’s AI.X Lab. Additionally, in the components + intelligent manufacturing sector, Beijing E-Town shows a high-end layout in cutting-edge fields, whether by promoting investment expansion or introducing new partners. Chietcom, which has been established in Beijing E-Town for six years, plans to invest 300 million yuan to build its headquarters, an industrial and humanoid robot high-precision reducer technology research and development center, and an intelligent manufacturing production line. The aim is to establish a globally leading engineering test platform and comprehensive testing platform, aspiring to become a leading R&D and manufacturing center and innovation hub for high-precision reducers for industrial and humanoid robots in China. The Ant Factory, a leading domestic provider of flexible and agile manufacturing services for industrial components, will invest in building a 40,000-square-meter advanced manufacturing base in Beijing E-Town. By 2025, it is expected to establish local service capabilities, significantly reducing the time for local enterprises to process component designs.

Meanwhile, leveraging its spatial carrying advantages, Beijing E-Town Robot Technology Industry Development Co., Ltd., as a platform company, has signed five projects on-site, including the Ti5 humanoid robot project and the Neurocean’s “Dexterous Hand” project, which will be located in the Beijing Robot Industry Park at Courtyard 3, Jinghai 5th Road, Beijing E-Town.

As the permanent venue for the World Robot Conference, Beijing E-Town has formed the “44637” development system, which is guided by four national strategies, consolidates and strengthens four leading industries, comprehensively deploys six future industries, enhances three integrated empowerments, and builds seven supporting systems. Among these, the output value of the robotics and intelligent manufacturing industries is nearly 100 billion yuan. An official from the Beijing Economic-Technological Development Area stated, “With the landing of a new batch of key projects, innovation resources and industry chain support have been further improved, accelerating the gathering of international talents, technology, capital, and other industrial cluster elements. Using the conference as a medium, Beijing E-Town will accelerate the breakthrough development of the robotics and intelligent manufacturing industries, positioning more new-quality productive forces for future industrial layouts.”
Hashtag: #BeijingE-Town

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

Best Mart 360 Interim Results, Revenue recorded double-digit growth

Proposed an interim dividend of HK11.0 cents per share


Highlights:

  • Revenue increased by approximately 10.6% to approximately HK$1,393.7 million as compared with the Corresponding Period Last Year.
  • Gross profit increased by approximately 11.6% to approximately HK$507.9 million as compared with the Corresponding Period Last Year, gross profit margin increased to approximately 36.4%.
  • Profit attributable to owners of the Company increased by approximately 6.2% to approximately HK$122.6 million as compared with the Corresponding Period Last Year.
  • As at 30 June 2024, the Group operated a total of 175 chain retail stores, representing a net increase of 8 stores during the Period under Review
  • Basic earnings per share was approximately HK12.3 cents. The Board recommended the payment of interim dividend of HK11.0 cents per share.


Financial Highlights:

For the 6 months ended 30 Jun
HK$’000 2024 2023 Change
Revenue 1,393,691 1,260,244 +10.6%
Gross profit 507,938 455,147 +11.6%
Gross profit margin 36.4% 36.1% +0.3 p.p.
Profit attributable to owners of the Company 122,567 115,445 +6.2%
Interim dividend per share
(HK cents)
11.0 8.0 +37.5%

HONG KONG SAR – Media OutReach Newswire – 27 August 2024 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leading leisure food retailer in Hong Kong, announced its interim results for the six months ended 30 June 2024 (“the Period under Review”). As the Company changes the financial year end date from 31 March to 31 December, the interim results of the Company covered a six-month period from 1 January 2024 to 30 June 2024 and the corresponding comparative figures covered a six-month period from 1 April 2023 to 30 September 2023. Thus, the comparative figures may not be fully comparable.

During the Period under Review, the revenue recorded by the Group amounted to approximately HK$1,393,691,000, representing an increase of approximately 10.6% as compared to approximately HK$1,260,244,000 for the six months ended 30 June 2023 (the “Corresponding Period Last Year”). Profit attributable to owners of the Company amounted to approximately HK$122,567,000 during the Period under Review (for the six-month period ended 30 June 2023: approximately HK$115,445,000), representing the period-on-period increase of approximately 6.2%.

During the Period under Review, gross profit and gross profit margin of the Group were approximately HK$507,938,000 and 36.4%, representing an increase of approximately 11.6% and 0.3 percentage points, as compared to gross profits of approximately HK$455,147,000 and gross profit margin of approximately 36.1% for the Corresponding Period Last Year, respectively. The increase in gross profit and gross profit margin for sales was mainly due to the Group’s continuous review and adjustment of sales tactics as well as product mix and cost optimization.

During the Period under Review, basic earnings per share of the Group was approximately HK12.3 cents. The Board recommended the payment of interim dividend of HK11.0 cents per share.

BUSINESS REVIEW
CHAIN RETAIL STORES
As at 30 June 2024, the Group operated a total of 175 chain retail stores, including 168 chain retail stores in Hong Kong and 7 chain retail stores in Macau, respectively. During the Period under Review, the Group follows its store optimisation strategies, which include improving the stocking arrangement, product display and shop appearance, etc., to provide a better shopping experience and enhance the brand image. The Group is persevering its search for stores in various districts to extend its retail coverage.

The Group launched a new global wine and food shop “FoodVille” in 2021, which focuses on medium-to-high-end global quality food products, including fine wines from around the world, premium chocolates, health food, frozen food, western sauces and ingredients, etc., in order to cater to the market’s pursuit of a high quality of life and broaden the Company’s customer bases. As at 30 June 2024, the Group operated 7 shops under the relevant retail brands.

For the six months ended 30 June 2024, the ratio of rental expense (on cash basis) to sales revenue of the Group’s retail stores was approximately 9.5%.

THE PRODUCTS
During the Period under Review, the Group adhered to its global procurement policy by sourcing a broad spectrum of products worldwide to provide a diversified range of choices for customers. For the six months ended 30 June 2024, the Group has sold more than 1,150 brands and over 3,237 stock keeping units (“SKUs”) of products in total, offering customers a diversified range of choices. The Group continues to optimise its product portfolio, phasing out older items to make room for the latest products and flavours, to stay abreast of changes in customer demands.

In order to enrich our product mix, enhance the effectiveness of control over product qualities and supplies and increase profitability, the Group continued to actively develop its private label products during the period. For the six months ended 30 June 2024, sales derived from private label products amounted to approximately HK$234,630,000 (for the six months ended 30 September 2023: approximately HK$192,986,000), accounted for approximately 16.8% of the Group’s overall revenue for the Period under Review.

The Group had a total of 11 private labels and 228 SKUs of products during the Period under Review, including masks, canned Chinese delicacies, cereals, milk, honey, nuts and dried fruits as well as a wide range of leisure food products.

MEMBERSHIP SCHEME AND MARKETING & PROMOTIONAL ACTIVITIES
As at 30 June 2024, the number of the Group’s registered fans and members was approximately 2,214,680 (30 September 2023: approximately 2,087,700). The number of mobile app members has reached approximately 1,112,031 (30 September 2023: approximately 980,000) as of 30 June 2024.

The Group conducted various marketing and promotional activities during the period which provided customers with a series of special offers for selected quality products from time to time to express our gratitude for our customers’ support and to enhance customer loyalty. Meanwhile, the Group continued to advertise in an all-round manner through television, newspapers, social media platforms and other media, which successfully obtained repeat customers, attracted new customers and greatly promoted the discussions about the Group in the market.

EMPLOYEES
As at 30 June 2024, the number of full-time and part-time employees of the Group was 1,313 (30 September 2023: 1,226). In order to retain staff and to suitably incentivise employees of the Group so as to increase staff cohesion and loyalty, the Group regularly reviews and updates its employee benefit plans and remuneration packages with reference to labour market supply and labour cost trend, as well as individual performance. Staff costs (excluding Directors’ emoluments) of the Group for the six months ended 30 June 2024 accounted for approximately 10.0% of revenue (for the six months ended 30 September 2023: approximately 9.1%).

OUTLOOK
Since last year, to boost the economy, the Hong Kong Government has been promoting the mega-event economy with a view to attracting tourists to Hong Kong by organizing a number of mega-events. However, the Group expects that the retail market will remain sluggish in the short term, and that the market environment will continue to be challenging due to factors such as the high interest rate environment and geopolitical tensions, the local and global economies being in a counter-cyclical state, coupled with the continuous increase in the number of outbound travel of Hong Kong people and the rise of the northbound consumption trend. The Group will closely monitor market changes and make prompt adjustments to its business strategies. We will strictly control costs and expenses, enhance operational efficiency and explore different development opportunities, so as to maximise returns for shareholders and investors.

With the further opening up of cities under the Individual Visit Scheme by the Mainland China from May 2024, visitor arrivals to Hong Kong is expected to increase, hopefully driving a gradual improvement in the local economy. The Group will continue to look for suitable opportunities to expand the shop network of its major retail brand “Best Mart 360˚ (優品360˚ )” and its global wine and food shop “FoodVille” to cater the diversifies demands of different customer segments for quality food products under our “dual-brand” model , while stay on monitoring the operation of the existing stores and make timely adjustments to its operation strategies when necessary.

The Group remains committed to uphold its business mission in offering products with the “Best Quality” and “Best Price” to its customers. We will continue to broaden our supply channels, optimise our sales categories and strive for price competitiveness to attract repeat customers. We will deepen the extension of our business-to-business (B2B) food wholesale business, further enriching the Group’s revenue streams. Furthermore, the Group will endeavor to develop its private label products, aiming not only to satisfy market demand for daily necessities but also to provide customers with a broader range of choices.

Looking ahead, the Group will adhere to a prudent approach to steadily expand our business footprint, maintaining our leading position in the Hong Kong leisure food retail market. Meanwhile, we will proactively explore opportunities for business expansion both in the Mainland China and overseas, thereby delivering stable and sustainable returns for our shareholders.

Hashtag: #BestMart360 #優品360 #InterimResults #中期業績

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

Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited, mainly operates chain retail stores under the brand “Best Mart 360˚”. It offers wide collection of imported prepackaged leisure foods and other grocery products, principally from overseas. The Group’s business objective is to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 30 June 2024, the Group operates 175 retail stores that are strategically located at 18 districts in Hong Kong and Macau. In addition, the Group’s new global gourmet store, “FoodVille”, was officially opened in September 2021, which mainly provides globally sourced medium-to-high-end quality food products.

China’s Unmanned Retailing Leader Ubox Signs Partnership MoU with Siwar Foods


RIYADH, SAUDI ARABIA – Media OutReach Newswire – 27 August 2024 -Beijing Ubox Online Technology Co., LTD. (“Ubox“) (SEHK stock code: 02429.HK) is pleased to announce the signing of a strategic partnership Memorandum of Understanding (MoU) with Siwar Foods Co., LTD. (“Siwar”) in Saudi Arabia. This collaboration will introduce advanced unmanned retailing technology for ready-to-eat (RTE) food to major cities in Saudi Arabia, including Riyadh, Jeddah, Mecca, and Medina, significantly enhancing the shopping experience for consumers.

China's Unmanned Retailing Leader Ubox Signs Partnership MoU with Siwar Foods

Navigator Consulting, as the strategic advisor for UBOX in the Middle Eastern market, facilitated this signing and collaboration.

Introducing Advanced Unmanned Retailing to Saudi Arabia

The partnership between Ubox and Siwar aims to deploy state-of-the-art unmanned vending machines across Saudi Arabia, bringing innovation and convenience to the retail sector. Ubox’s extensive experience in unmanned retail operations and supply chain management in Mainland China will contribute to Saudi Arabia’s technological progress, economic development, and the growth of local employment opportunities.

Expertise and Market Insights Driving Growth

Operating within one of the world’s most developed food industries, Ubox has built a wealth of business data and operational expertise, particularly in product selection, pricing, distribution, and replenishment. These insights will ensure a seamless and efficient shopping experience for Saudi consumers, tailored to local preferences, and will actively support the growth of the local market.

Delivering Affordable and Diverse Food Choices

In collaboration with Siwar, Ubox will leverage China’s extensive and cost-effective food industry, combined with its own supply chain management expertise, to introduce a variety of affordable, exotic, and diverse RTE food options. This initiative will expand culinary choices for Saudi consumers, offering new and exciting flavors to the region.

Ubox: Innovating Unmanned Retail

Ubox’s unmanned vending machines offer a wide range of fast-moving consumer goods (FMCGs), including bottled drinks, snacks, and freshly brewed coffee. The machines are equipped with advanced AI technology that enables intelligent identification of goods and provides convenient payment options such as face recognition, QR code scanning, and NFC. By the end of 2023, Ubox had nearly 60,000 machines deployed across 28 provinces in Mainland China, serving various locations including offices, tourist attractions, schools, hospitals, sports venues, and transportation hubs.

In 2023, Ubox generated revenue of 2.034 billion yuan (approximately SAR 1.072 billion) from its unmanned retail operations, demonstrating the effectiveness of its business model and the increasing demand for automated retail solutions.
Hashtag: #Ubox

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

About Ubox

Beijing UBOX Online Technology Corp is a China-based company specializing in smart retail, with a primary focus on its Unmanned Retail Business Segment. This segment facilitates the distribution of products, including bottled beverages, snacks, and freshly brewed coffee, through advanced vending machines. The Company also offers a comprehensive suite of services, including advertising and system support, merchandise wholesale, vending machine sales and leases, as well as additional services such as mobile device distribution and karaoke booth operations.

About Siwar

, based in Riyadh, is a prominent RTE frozen food producer supplying over 480 outlets across Saudi Arabia, including wholesalers, hotels, restaurants, and catering companies. Expanding into digital retailing, Siwar now operates more than 120 vending machines throughout the region.

Labdork Badminton Academy Triumphs at 23rd Beerlao Championship

Labdork Badminton Academy Triumphs at 23rd Beerlao Championship
Medalists Celebrate Success at 23rd Badminton Championship (Photo Credit: Vientiane Times)

The 23rd Beerlao Badminton Championship concluded in Vientiane on 25 August, with the Labdok Badminton Academy emerging victorious once again. The Academy clinched five gold medals across various events, maintaining their title from last year.

Porsche Design and Ananda Development Debut Asia’s First Porsche Design Tower in Bangkok


BANGKOK, THAILAND/STUTTGART, GERMANY – Media OutReach Newswire – 27 August 2024 – Porsche Design has announced a collaboration with Thai real estate developer Ananda Development to create the Porsche Design Tower Bangkok. The ultra-luxury residence, located on Sukhumvit 38, is aimed at ultra-high net-worth individuals and will be the first of its kind in Asia and the third globally. The project features 22 exclusive duplex and quadplex ‘Sky Villas’ ranging from 525 to 1,135 square meters, with an average price of USD 15 million and up to USD 40 million. Construction is set to begin next year and complete by the end of 2028.

Porsche Design and Ananda Development Debut Asia's First Porsche Design Tower in Bangkok

The partnership between Porsche Design and Ananda Development combines design excellence with engineering prowess to create a future landmark. Lutz Meschke, Deputy Chairman of the Executive Board at Porsche AG, stated that the project fits into Porsche’s approach to offer exclusive experiences to discerning customers and marks a significant step for Porsche in South Asia.

Stefan Buescher, Chairman of the Executive Board of Porsche Lifestyle Group, emphasized the design philosophy of optimizing function while uncompromisingly reducing the form to the essentials. Chanond Ruangkritya, President and CEO of Ananda Development, expressed his enthusiasm for the collaboration, highlighting the shared passion for excellence.

Unique features of the Porsche Design Tower Bangkok include “Passion Spaces” – luxury garages for residents’ car collections, and “The Loop” – a spiral access ramp for cars leading directly to the “Passion Spaces”. The façade features a fully automated terrace door system, allowing a seamless blend of outdoor and indoor living. Another architectural highlight is the exposed pedestal structure called “X-Frame”. The top of the tower is embellished by “The Crown” – a light signature inspired by Porsche sports cars creating a landmark in Bangkok’s skyline. The tower also offers a 25-meter swimming pool, a fitness center, a spa, a social lounge, and a business lounge.

For more information, visit pdtowerbangkok.com.

Hashtag: #PorscheDesign #AnandaDevelopment

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

About Porsche Design:

In 1963, Professor Ferdinand Alexander Porsche created one of the most iconic design objects in contemporary history: the Porsche 911. Following his vision to take the principles and myth of Porsche beyond the automotive world, he created the exclusive lifestyle brand Porsche Design in 1972. His philosophy and design language can still be seen in all Porsche Design products today. Every Porsche Design product stands for extraordinary precision and perfection, boasts a high level of technological innovation and seamlessly combines intelligent functionality and puristic design. Created by Studio F. A. Porsche in Austria, our products are sold worldwide in Porsche Design stores, high-end department stores, exclusive specialist retailers and the official online store ().

For regular updates on Porsche Lifestyle, please follow:
Instagram:
Facebook:
LinkedIn:
YouTube:

About Ananda Development:

Ananda Development Public Company Limited is a leader in condominium development in prime locations along Bangkok Skytrain routes. Ananda’s projects are distinguished by their style, modernity, and outstanding quality at reasonable prices. The company offers well-known brands such as IDEO, IDEO MOBI, and Ashton. Ananda is committed to developing its corporate image while continually presenting solutions for new urban lifestyles. For more information, please visit .

ISCA Forms New Partnerships with Singapore Institute of Management and PSB Academy to Develop Accountancy Talent

SINGAPORE – Media OutReach Newswire – 27 August 2024 – To further enhance the accountancy talent pipeline in Singapore and abroad, the Institute of Singapore Chartered Accountants (ISCA) has signed Memorandums of Understanding (MOUs) with SIM Global Education, one of the core entities of the Singapore Institute of Management (SIM), and PSB Academy.

Under these agreements, undergraduates pursuing accountancy at SIM Global Education and PSB Academy will be empowered to kickstart their professional journey to becoming a Chartered Accountant of Singapore [(CA) Singapore] and connect with the wider accountancy community through ISCA. The benefits accorded to students of both institutions cover a wide range of areas:

  • Undergraduates from selected accounting degrees from both institutions will be eligible to pursue the SCAQ foundation level exams during their final year of studies. This will allow them to focus better on kickstarting their careers upon graduation.
  • Students can be awarded up to five exemptions for examination papers, out of the six in total required to progress through the programme. This will accelerate their journey to be a Chartered Accountant, reducing the time previously required by up to half.
  • Upon completing the foundation level of SCAQ, they will be awarded the ISCA Professional Business Accountant (PBA) title.
  • For students living in Singapore, ISCA will support them through career placements with ISCA’s wide network of Accredited Training Organisations (ATOs), comprising more than 500 corporates in Singapore. This will also benefit ATOs, in addressing the manpower crunch faced in recruiting talent.
  • For overseas students returning home, ISCA will continue to nurture their interest to continue pursuing the SCAQ Professional Programme back in their home countries, to guide them towards attaining the CA (Singapore) designation. The students will be supported by ISCA wide network in 12 cities in 9 countries.


The two MOUs were signed earlier today
by ISCA CEO Ms Fann Kor and representatives from the respective universities, SIM’s Interim President and CEO Professor Wei Kwok Kee, and PSB Academy CEO Mr Derrick Chang.

SIM Chairman and Distinguished Lifetime Member of ISCA Ms Euleen Goh said, “SIM is committed to equipping our students with the knowledge and skills necessary to thrive in their future careers. We hope students will seize this opportunity to grow and take on challenges as future talents of the industry.”

“At PSB Academy, we recognise that in today’s interconnected global landscape, accountancy plays a critical role in driving transparency, trust, and growth across industries,” said Mr Viva Sinnah, Executive Chairman of PSB Academy. “This prestigious affiliation with ISCA empowers our local and international students to excel in this vital field, positioning them to become key contributors to the global accountancy landscape. Through this partnership, we are cultivating a new generation of professionals who will uphold and advance the standards of excellence for which Singapore’s accountancy sector is renowned.”

Commenting on the partnerships, ISCA President Mr Teo Ser Luck said: “ISCA continues to enhance our partnerships with the Institutes of Higher Learning in Singapore and develop a sustainable pipeline of qualified chartered accountants. This year, there is renewed interest in the profession, resulting in nearly double the enrolment for SCAQ. Our new partnerships with SIM and PSB Academy will further strengthen the accountancy pipeline not just in Singapore but globally.”

Hashtag: #ISCA #SIM #PSBAcademy #Accountancy #SCAQ #CASingapore

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

Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 36,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries.
Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession. Its Academy designs and develops professional development courses and programmes that equip accountancy and finance professionals on developing themes in business and specialisation areas such as sustainability reporting, financial forensics and corporate governance topics for directors.
ISCA administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation.
ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.
For more information, visit .