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Malaysia Global Business Forum identified critical considerations for Malaysia in ASEAN’s digital economy

KUALA LUMPUR, MALAYSIA – Media OutReach – 4 April 2023 – The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, which was attended by industry leaders and business associations. The guest of honour was The Honourable Syerleena Abdul Rashid who is the Member of Parliament (MP) for the Bukit Bendera political constituency in Pulau Pinang, Malaysia.

The MP’s Special Session with The Honourable Syerleena focused on understanding the intersection of the digital economy and the creative industry, and the way forward. Many consumers experience the digital economy through the efforts of creative content producers; as such, the interdependence of the digital economy and creative industries is a potential engine for economic growth and job creation in Malaysia.

Held at the Common Ground Damansara Heights in Kuala Lumpur, Malaysia, MGBF identified several critical considerations for Malaysia in ASEAN’s digital economy:

  1. The need for a “Resilient Digital Infrastructure” which, in the near future, should include an integrated rollout of 5G communications that empower communication within industry supply chains. While enhanced by 5G, this new ecosystem must be able to withstand the vast majority of cyber-attacks.
  2. The clear integration of Artificial Intelligence (AI) into daily work and models of productivity. This needs to include a rationalisation of which AI is used by the corporate sector and governments alike. Training and upskilling will ensure that humans will always remain relevant.
  3. The need for greater amount of digital content production domestically to take advantage of an empowered ecosystem. This content needs to include entertainment, news and enhanced learning, which should include augmented reality.

Nordin Abdullah, the Founding Chairman of the Malaysia Global Business Forum, said, “As the digital economy evolves, the concept of sovereign risk, which was once limited to geographical and political concerns faced in a given jurisdiction, has become something that needs managing on the individual, corporate and government levels. Business leaders need to actively manage the cyberspace in which their supply chains operate. An inability to manage these threats and communicate to customers that they are managed, will lead to a loss of market share.”

MGBF Co-Chairman, Rizal Kamaruzzaman, said, “Malaysia has the opportunity to make a paradigm shift into the global digital economy, bringing with it high-paying jobs and business opportunities that will reinvigorate the Malaysian economy. Data-driven decisions that address the challenges of the community will be the innovations that attract the most capital and the requisite critical mass of consumers. The government should look for these kinds of companies to push on the regional and global markets.”

Nordin added, “Based on various reports, there is a shortage of two to four million cybersecurity workforce globally. In the Malaysian context, this equates to approximately 10,000 to 20,000 individuals required to make the business ecosystem sufficiently cyber resilient. On the strategic level, this does not mean that enough resources have been allocated to deal with targeted attacks on specific infrastructure or critical organisations.”

Speakers at the event include Haresh Deol, Deputy President of the National Press Club of Malaysia; Datin Faridah Iriani, Director of BDEC Malaysia; Chris Seto, Managing Director of Dataxet Malaysia Sdn Bhd; Murugason R. Thangaratnam, CEO of Novem CS Sdn Bhd; Shin Mei Lee, Head of Enterprise Business, Google Cloud; Vicks Kanagasingam, CEO of Censof Digital Sdn Bhd; Matthew Barsing, Chief Commercial Officer of EPS Consultants; Sheriza Zakaria, CEO of Big Dataworks Sdn Bhd; and Bobby Varanasi, Founder of Matryzel Consulting.

Gerard Ratnam, Producer and TV Host for Bernama TV, moderated the Member of Parliament’s Special Session with YB Syerleena. Moderators for the remaining panel sessions were MGBF’s Nordin Abdullah, TV Host for Bernama TV Jessy Chahal, and Ruzanna Muhammad, Editor-at-Large for News Hub Asia.

MGBF was established to empower stakeholders at the intersection of international and Malaysian business. Through government relations, business intelligence, advocacy, media engagement, market research, networking, advisory and business matching, MGBF will continue to explore threats and opportunities with industry leaders and policy makers to ensure that Malaysia becomes a leader in the context of Asia.

For more information, visit www.MalaysiaGlobalBusinessForum.com.

Hashtag: #MalaysiaGlobalBusinessForum

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

Lao Workers Seek Employment Abroad Due to Low Wages and Inflation

Lao workers prepare to go work in South Korea. (Photo: Lao Youth Radio).

High inflation and an increased cost of living at home are reasons cited for Lao laborers choosing to work abroad, according to the Ministry of Labor and Social Welfare in Laos.

Chubb expands marine business in Malaysia and the Philippines

SINGAPORE – Media OutReach – 4 April 2023 – Chubb announced today that it is expanding its marine business in Asia.

In the Philippines, the insurer is rolling out a full suite of insurance products and services. This will effectively increase Chubb’s footprint in marine insurance to 10 markets in Asia, comprising Korea, China, Hong Kong, Taiwan, Vietnam, Thailand, Malaysia, Singapore, Indonesia and Japan.

The operations in Philippines are led by Ms Jeanette Cebeda, Property and Casualty Technical Lines Marine and Surety Underwriter.

To further grow its marine business in Malaysia, Chubb has appointed Mr Owen Poh Head of Marine in that country.

Chubb’s underwriting strategy focuses on four pillars: the delivery of cargo, logistics, marine hull and fine art product and service offerings. The suite of products in Asia include Cargo Plus insurance for importers and exporters, relocation insurance for individuals and their possessions, shipment insurance for parcel and express freight, multimodal freight liability insurance for transport operators and localised fine art products for private and corporate collectors.

The insurer has also made additional investments in its services, including the award-winning Chubb CargoAdvantage® platform, a web-based marine cargo insurance quoting and issuing system as well as experienced risk managers to deliver physical and contractual risk management services to all sizes of Asian exporters and transport operators.

The product suite is designed to support a wide range of segments, including SME exporters and larger clients with a risk management focus, emerging pan-Asia logistics companies, local boat owners, and Asia’s art collectors.

Anthony O’Brien, Regional Marine & Fine Art Manager, Asia, Chubb, said: “Beyond the product capabilities, a key focus area is the offline service to complement Chubb’s investments within the digital area. With the appointment of Jeanette and Owen, we look forward to delivering a high level of service to the local art, boating, transport and shipping communities. We have made significant investments in our products, services and people but we have more to do in 2023 and beyond in supporting our existing and new distribution channels. We are not content maintaining the status quo as we are already designing our next product for a growing recreation boat segment in Asia.”

Hashtag: #Chubb

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

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide.

Additional information can be found at: .

Get Client wins international marketing award – Two Comma Club

Generated half a billion dollars in revenue for clients in three years

HONG KONG SAR – Media OutReach – 3 April 2023 – Get Client With System (Get Client) has won the prestigious Two Comma Club Award from international marketing platform ClickFunnels, recognizing Get Client’s unique online marketing strategy as the only company in Hong Kong to be invited to the U.S. to receive the award in person, after achieving over $12 million in sales in 2022.

Get Client has been in business for three years now, and has been known for its unique marketing strategies that have battled through the economic crisis and won the Two Comma Club Award last year. The award recognizes companies that have earned more than $1 million in revenue from a single marketing funnel in a single year. The Two Comma Club Award also signifies that Get Client is one of only 3% of the world’s online marketing companies to have achieved this feat, and that the Get Client team has abandoned the traditional marketing mindset and applied a breakthrough reactive marketing strategy to analyze consumer psychology and drive real revenue results.

Nic Leung, founder of Get Client, said, “We believe that effective online marketing is not just about placing ads on social media platforms to get a seemingly unrealistic amount of attention or impression. Instead, marketing must be linked to actual revenue. Get Client will continue to promote a responsive marketing strategy to help clients achieve an efficient return on their investment. April Lo, another founder of Get Client, said, “Professional training is different from traditional teaching, we want to help trainers enter the market with unique marketing strategies to meet the market demand for knowledge. The knowledge gained by people will help them to be more competitive, and it will also help them to increase their income. Under the leadership of the two founders, Get Client has successfully created new market opportunities in the past three years despite the impact of the epidemic, and has become a guiding light for dozens of trainers and entrepreneurs in the professional training sector, generating nearly half a billion dollars in revenue for them.

Get Client was founded in 2020 with a focus on instant and responsive online marketing, combining sales and marketing strategies to create targeted marketing messages with efficient marketing funnels, so that potential consumers can take immediate action after receiving the messages and obtain high returns for clients in a cost-effective manner. In the future, Get Client will focus on the Southeast Asian market, helping clients around the world to apply reactive marketing strategies, while keeping up with the trend of big data and artificial intelligence technology, and continuously optimizing digital marketing to help clients develop potential markets and double their revenue results.

Hashtag: #GetClient

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

Andrea Schenker-Wicki, President of the University of Basel, Switzerland’s oldest university and a leading global research university, will be honored by AUW on April 5

CHATTOGRAM, BANGLADESH – Media OutReach – 3 April 2023 – Asian University for Women (AUW) will convene a special ceremony on its campus in Chittagong on April 5 at 2:00 p.m. to confer a Doctor of Laws, honoris causa, to Prof. Dr. Dr. h.c. Andrea Schenker-Wicki, President of Switzerland’s oldest university and one of the leading global research universities, the University of Basel. The ceremony will be presided over by Dr. Dipu Moni, Bangladesh’s Minister of Education and Chairman of the AUW Board of Trustees and Dr. Rubana Huq the Vice Chancellor of AUW. Bangladesh’s Information Minister Hon’ble Dr. Hasan Mahmud (who earned his PhD in Chemistry from Belgium) will speak as the Chief Guest in honoring Professor Schenker-Wicki. The AUW Choir will perform the national anthems of both Bangladesh and Switzerland to mark this special occasion.

Prof. Dr. Dr. h.c. Andrea Schenker-Wicki, President of the University of Basel, Switzerland

Prof. Dr. Dr. h.c. Andrea Schenker-Wicki, President of the University of Basel, Switzerland

AUW’s formal relationship with the University of Basel began in January 2022 when the University of Basel became the first and, so far, the only university to extend scholarships for Afghan students who were then being evacuated to AUW to overcome bans imposed on women’s education in Afghanistan. Today, AUW, with universities in Afghanistan closed to women, is the single-largest host of Afghan female university students with close to 500 students already enrolled and another 500 expected to join within the year. Recently, Prime Minister Sheikh Hasina of Bangladesh met with a group of Afghan students at the Bangladesh Parliament and declared her unequivocal support for AUW’s initiative in support of Afghan women’s education. “You are all welcome to Bangladesh,” the Prime Minister said to the five Afghan women from AUW who met with her. She reaffirmed her own belief that Islam calls for equal treatment of women and men and no opportunity given to a man should be denied to a woman. She indicated that she would no longer be quiet on this affront that denies women equal opportunity.

Prime Minister Sheikh Hasina of Bangladesh met with a group of Afghan students

Prime Minister Sheikh Hasina of Bangladesh met with a group of Afghan students

Andrea Schenker-Wicki:

Prof. Dr. Dr. h.c. Andrea Schenker-Wicki was educated at ETH Zurich; she earned a licentiate in Business Administration at the University of Zurich; and a doctorate degree in the University of Fribourg where her thesis focused on crisis management decision concepts as they related to countermeasures to reduce ingestion dose after an accidental release of radioactivity.

Her habilitation thesis examined performance measurements and performance indicators in the evaluation of the performance of universities. She is the recipient of an honorary doctorate from the University of Natural Resources and Life Sciences in Vienna.

Prior to her appointment at Basel, she was a full professor in Business Administration at the University of Zurich where she also served as Vice Rector of Law and Economics.

She serves (or served) on numerous committees and boards across Europe including as President of the Advisory Board of the Swiss Center of Accreditation and Quality Assurance in Higher Education; and as a Member of the Austrian Science Board.

Professor Andrea Schenker-Wicki’s visit to AUW is particularly significant in light of AUW’s recent initiative to explore the establishment of a comprehensive medical college and hospital and the supporting life sciences education and research as Basel is the home of two of the largest pharmaceutical houses in the world – Novartis and Roche.

Hashtag: #AUW

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

About Asian University for Women (AUW):

Founded in 2008 and located in Chittagong, Bangladesh, AUW is the first of its kind: a regional institution dedicated to women’s education and leadership development through liberal arts and sciences education. It is international in outlook but rooted in the contexts and aspirations of the people of Asia. Chartered by the Parliament of Bangladesh, AUW exists solely to support a rising network of women leaders, entrepreneurs, and changemakers from across the region. It seeks out women who show significant academic achievement and potential, demonstrate courage and a sense of outrage at injustice, and are empathic to the woes of other people.

1345 students from 17 countries currently attend AUW: Afghanistan, Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Lao PDR, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Syria, Timor Leste, Vietnam, and Yemen. More than 85% of AUW students are on full or near-full scholarships funded by supporters from around the world. The University has graduated over a thousand students to date. A majority of AUW graduates secure employment in the private and public sectors in their home countries while about 25% go on to pursue graduate studies at other institutions of higher learning including Oxford, Cambridge, Johns Hopkins, Stanford, Columbia, Duke, Brandeis and Tufts, among others. To learn more about Asian University for Women, please visit.

Arup announces new leadership in East Asia

HONG KONG SAR – Media OutReach – 3 April 2023 – Arup has appointed new East Asia Region leadership, reaffirming our dedication to shaping a digitally-enabled sustainable future for the region.

Andy Lee, East Asia Region Chair, Arup
Andy Lee, East Asia Region Chair, Arup

Andy Lee has been appointed as East Asia Region Chair. Andy served as the Region’s COO for the past six years, successfully leading a team of 3,400 professionals across 15 offices to achieve strong performance and smooth operation during an exceptionally challenging time.

A recognised façade expert, Andy has spearheaded the delivery of innovative solutions on numerous high-profile projects throughout the region. In recent years, he has been actively driving innovations and digital development, with the incubation and commercialisation of the AI-powered smart building console Neuron being one of the notable masterpieces. The cutting-edge platform leverages data and digital capabilities to decarbonise building assets and facilitate net-zero transition.

Andy also serves on Arup’s Group Board, providing insights and connections at the global level, enabling Arup to deliver leading solutions for clients as a truly global firm.

“As East Asia is home to some of the world’s most vulnerable cities to climate change impacts, Arup is committed to expanding our capabilities to push for more sustainable outcomes in all our work. We will harness digital solutions to provide insights on where to start and how to progress towards a more sustainable future for the region,” said Andy.

James Sze, East Asia Region COO, Arup
James Sze, East Asia Region COO, Arup

James Sze has been named as Region COO, bringing over 28 years of experience of design and delivery of complex infrastructure projects across the region. A geotechnical engineer by training, James is highly regarded in the field for providing innovative solutions, such as the design of a piled raft foundation for the 555m tall Lotte World Tower addressing the challenges of shattered ground conditions through advanced computational analysis. His expertise and portfolio diversified over the years, with recent projects including a mega-scale planning and engineering study for the Hong Kong government. The project aims to create an exemplar future city embracing carbon neutrality and resilience.

Former Chairman of the Association of Consulting Engineers of Hong Kong, James currently serves on various government, professional and university committees, where he influences policymaking and industry practice to advance sustainable development and betterment of the consulting sector. James will work alongside Andy to drive sustainable development in the region.

Hashtag: #Arup

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

About Arup

Dedicated to sustainable development, Arup is a collective of designers, consultants and experts working globally. Founded to be humane and excellent, we collaborate with our clients and partners using imagination, technology, and rigour to shape a better world.

Prinx Chengshan Announces 2022 Annual Results

Growing against headwinds and achieving growth in both revenue and net profit

Results Highlights:

  • Revenue for the Period was approximately RMB 8,152.0 million, representing an increase of 8.2%
  • During the period, the sales volume of tires amounted to approximately 18.5 million units, which was basically flat year-on-year
  • Gross profit was approximately RMB 1,169.8 million, representing a year-on-year increase of 12.6%
  • Profit attributable to shareholders of the Company was approximately RMB 393.8 million, representing a year-on-year increase of 42.5%
  • Basic earnings per share amounted to RMB 0.62, representing a year-on-year increase of 44.2%
  • Proposed final dividend of HKD0.20 per share

HONG KONG SAR – Media OutReach – 3 April 2023 – Prinx Chengshan Holdings Limited (hereinafter referred to as the “Company” or “Prinx Chengshan”, together with its subsidiaries, the “Group”; stock code: 1809.HK) announces its results for the 12 months ended 31 December 2022 (the “Reporting Period”).

Looking back at 2022, Prinx Chengshan focused on strategy and seized opportunities. With the unremitting efforts of all employees, through flexible strategies and tenacious resilience, relying on the production capacity layout at home and abroad and diversified marketing channels, and under the challenges of fierce competition in the domestic and foreign tire market, it achieved growth in both operating income and net profit. The Company achieved outstanding performance in the international replacement market, and the operating income from the international distributor channel increased by 31.9% year-on-year.

Since its listing in 2018, Prinx Chengshan has firmly implemented the strategy of international development. During the Reporting Period, the first and second phases of the Tire Production Base in Thailand have entered the stage of high-quality and efficient operation, and the production expansion project of the Tire Production Base in Shandong has reached full capacity in 2022. The construction of smart factories and the production capacity layout at home and abroad have laid a solid foundation for future development.

During the Reporting Period, Prinx Chengshan actively explored the market and optimised the channel layout. Based on deep insight into consumers, Prinx Chengshan has formulated the brand strategy of “Multi-brand, Differentiated Development with Integration of Internationalization and Localization”. Its four major brands: Chengshan (Chengshan), Prinx (Prinx), Austone and Fortune completed system revamp. By reshaping the brand experience and value proposition in an all-round way and using a younger language, we will reiterate our commitment to users and partners in the era of sustainable travel. Prinx Chengshan is committed to helping every user explore a better life with the wisdom and perceivable technology of new manufacturing.

In line with the brand renewal, Prinx Chengshan has successively launched new products, such as passenger car tires “Hua Ren”, “Hua Yue”, new electric vehicle product”XLAB COMFORT EV” and”XNEX SPORT EV” . The “XNEX SPORT EV” tires won three international design awards with both physical appearance and strength. The product of Prinx electric vehicles was launched in the self-operated flagship store on JD.com and was well received by users.

Prinx Chengshan drives development with technological innovation and improves efficiency with lean production. Through the establishment of a fundamental research system with independent intellectual property rights, the design automation and performance prediction intelligence have been realised, providing effective technical support for product development. In 2022, the Group was granted 78 new patents, including 1 invention patent and 48 utility model patents, and was granted 330 intellectual property rights.

With the principle of sustainable development as the foundation of its development strategy and daily operation, Prinx Chengshan adheres to the concept of people-oriented, research and development of innovative products and green and sustainable development, and has been awarded the title of “Energy Efficiency Leader” for seven consecutive years, further enhancing the core competitiveness of the industry.

Looking forward to 2023, with the global economic downturn and inflation, market demand will remain weak, while the war in Russia will continue to affect the global supply chain system. Since the lifting of domestic epidemic prevention and control policies in December 2022, it is expected that the Chinese economy will rebound rapidly in 2023, showing a trend of recovery. The suppressive factors of the tire market have been improved, and the domestic King Wan is expected to resume growth under the epidemic recovery, and the All Steel Radial Tire market is expected to recover; Overseas orders for Semi-Steel Radial Tires have gradually recovered since the fourth quarter of 2022, and the domestic replacement market is expected to pick up with the increase in residents’ outbound activities.

Hashtag: #PrinxChengshan

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

About Prinx Chengshan Holdings Limited

Prinx Chengshan Holdings Limited (stock code: 1809.HK) is a modern enterprise focusing on tire design, research and development, manufacturing and sales. It is one of the most influential tire enterprises in China and has two tire production bases in Rongcheng, Shandong and Chunwu, Thailand. Currently, the Company has four brands, namely Prinx (Prinx), Chengshan (Chengwan), Austone and Fortune (Fortune), and three product categories, namely All Steel Radial Tires, Semi-Steel Radial Tires and Bias Tires, covering passenger, commercial, industrial, agricultural and some special vehicle tires. The Company always adheres to the guidance of innovation, creates green and safe tire products and provides high-quality and convenient services, and continues to contribute to global users with a beautiful intelligent travel experience and sustainable lifestyle.

Luang Prabang Authorities to Manage Market Vendors Ahead of Lao New Year

Vendors in Lung Prabang have painted the sidewalk with a message " Reserved" without permission from provincial authorities before the Lao New Year.

Authorities in the province of Luang Prabang have announced that vendors will be allowed to set up shops without permission at the Traditional Market Fair during the Lao New Year.