SINGAPORE – Media OutReach – 29 November 2022 – AntBot, a full-featured crypto automated trading system, has officially launched.
After several rounds of internal testing, it pioneers the relative-value trading strategy and the first intelligent long-short position management system. Since cryptos entered the bear market, mainstream cryptos have fallen by more than 80%, but AntBot has achieved even a 30% annualized rate of return for users with its relative-value trading strategy and crypto robots.
AntBot is a leading full-featured crypto automated trading system, composed of well-known VC Institutions and top traders in the crypto field, ranked top 3 in Binance for 6 consecutive quarters of market volume, and is also a deep cooperative market maker with Binance, OKX and Bybit. It has a rich financial operation system and trading experience with a managed capital scale of over $100 million and a service group covering over 200,000 users in more than 100 countries and regions worldwide. It provides comprehensive crypto trading services with AI robots and compound powerful trading strategies.
About relative-value trading strategy, one of its significant advantages over trend trading, grid trading and the Martingale Strategy is that it is not dependent on the market. Even if the fundamental and technical analysis is in place, it is impossible to predict the exact movement of the market 100%. At such times, market-dependent trading strategies can not make the action of take-profit and stop-loss in time. In the case of insufficient funds, the result is forced liquidation.
AntBot’s relative value strategy, ignoring bullish and bearish markets, uses the same assets, correlation and pricing differences of related assets to open long and short positions to arbitrage, and balancing the riskiness of the portfolio, and has the characteristics of high win percentage and low risk to achieve steady asset growth.
In the current bear market, AntBot’s relative-value strategy is like a duck to water, such as the big event brought by Luna and FTX, where the spread of the same crypto in different exchanges increased and the value of the correlated assets deviated greatly. The relative-value strategy is easy to get a profit from it, and AI automatically operates to open and close position immediately to take profit before the market returns to normal.
In terms of strategy development, AntBot’s relative value strategy screens out crypto pairs with similar attributes for strategy execution by reviewing the transaction big data of the crypto trading market for nearly 10 years and AI analysis of the correlation of global mainstream cryptos. At the same time, it is also verified that the strategy can resist “black swan” events and multiple system concurrency risks.
The strategy applies to three situations: the performance of the same token in different public chains and different exchanges, highly correlated tokens with abnormal spreads to open positions, and highly undervalued tokens in the future. The strategy buys undervalued cryptos and sells overvalued cryptos to obtain spread returns, becoming a favorable tool for non-standard substitution. It is especially suitable for the current bear market to ensure open interest while increasing income and accumulating enough capital before the bull market comes.
At present, AntBot has been launched on Google Play and App Store, accumulating over 30,000 active users and providing free access to AI robots for users. Meanwhile, it also offers referral commissions of up to 60% for users without capital, helping users to quickly grow their assets and participate in the trading market
However, the relative-value trading strategy has a market issue after many times of verification. Due to the reliance on price trend convergence, this strategy can also cause losses if a small probability event occurs that the price trend does not converge. Of course, the trading market is volatile and no strategy can suit it 100% perfectly. In terms of strategy matching, AntBot carries out diversified strategies in parallel to solve the pain point of the relative-value trading strategy and to reduce the loss brought about by the risk of a single strategy. Diversified strategies in parallel guarantee the safety of users’ assets. I always have chips for the next operation to grasp investment opportunities.
Hashtag: #AntBot
The issuer is solely responsible for the content of this announcement.
Cloud Comrade recognized as Collaboration Partner of the Year – APJ winner, one of many AWS Partners around the globe that help customers drive innovation
LAS VEGAS, NV – Media OutReach – 29 November 2022 –Cloud Comrade Pte Ltd (Cloud Comrade), Singapore-headquartered cloud computing consultancy, is excited to announce it is a recipient of a 2022 Regional and Global AWS Partner Award, recognizing leaders around the globe playing a key role helping customers drive innovation and build solutions on Amazon Web Services (AWS).
Announced during a Partner Awards Gala at AWS re:Invent 2022, the Regional and Global AWS Partner Awards recognize a wide range of AWS Partners, whose business models have embraced specialization, innovation, and cooperation over the past year. Regional and Global AWS Partner Awards recognize partners whose business models continue to evolve and thrive on AWS as they work with customers.
Cloud Comrade, a partner in the AWS Partner Network (APN), clinched the Collaboration Partner of the Year – APJ award. Cloud Comrade helped Singapore-based company Detrack Systems scale its business with the implementation of Cloud Comrade-led AWS Managed Services (AMS). Detrack Systems is a real-time delivery tracking system that integrates drivers and customers on a single platform. Thanks to Cloud Comrade’s operation of AMS on Detrack Systems’ behalf, Detrack Systems was able to shorten its sales cycle.
Says Andy Waroma, Co-managing Director, Cloud Comrade, “We are delighted to receive this recognition from AWS. Since our inception, Cloud Comrade only works with the best organizations to ensure that our customers receive top notch service and solutions that can help them accelerate their digital transformation and innovation on the cloud. This award is a clear testament to our commitment to fostering a vibrant cloud ecosystem, where we forge strong relationships with other organizations so that our customers benefit and receive the best value outcomes. It adds on to our string of extensive accolades that showcases our leadership expertise in empowering the cloud journey of our customers across Southeast Asia. We thank AWS for their support, and we see this as key to helping our clients on their unique cloud transformation journey and taking their business growth to the next level.”
For the first time, Regional and Global AWS Partner Awards included a self-nomination process across a number of award categories and specialization areas awarded at both the regional and global level where all AWS Partners were invited to participate and submit a nomination.
The AWS Partner Network (APN), is a global program, focused on helping companies build successful AWS-based businesses or solutions by providing business, technical, marketing, and go-to-market support. The APN includes independent software vendors (ISVs) and systems integrators (SIs) around the world, with AWS Partner participation growing significantly during the past 12 months.
“AWS Partners are at the center of unlocking value for global customers, across a wide range of industries,” said Ruba Borno, vice president, Worldwide Channels and Alliances at AWS. “We are honored to launch the inaugural Regional and Global AWS Partner Awards, and thank all the nominees and winners for accelerating our customers’ cloud transformation journey.”
A panel of AWS experts selected the winners based on strict criteria. Cloud Comrade’s Collaboration Partner of the Year – APJ award recognizes situations where Cloud Comrade has collaborated with other AWS Partners to work on solving the same customer challenge with their skills and ability to deliver valuable customer solutions based on services and technology offered across multiple AWS Partners.
Hashtag: #CloudComrade
The issuer is solely responsible for the content of this announcement.
About Cloud Comrade
Cloud Comrade ( https://cloudcomrade.com) is a Singapore-based cloud computing consultancy company with a regional footprint in Indonesia and Malaysia. The company offers a comprehensive range of services from strategy and design to deployment, migration, and management of customers’ IT infrastructure. Cloud Comrade collaborates with solution providers in the field of cloud computing. In January 2019, ST Telemedia ( https://sttelemedia.com), an active strategic investor specializing in communications & media, data centers, and infrastructure technology businesses, acquired a majority stake in the company. For more information on Cloud Comrade, visit cloudcomrade.com
Advancing EdgePoint’s ESG Commitment; 360˚ Sustainable Sites concept to be applied to 20 new sites by the end of 2023
SINGAPORE – Media OutReach – 29 November 2022 – EdgePoint Infrastructure (“EdgePoint”), a leading ASEAN-based independent telecommunications infrastructure company, is marking its second anniversary with the introduction of its all-new 360˚ Sustainable (360˚ S) sites, which will be a key element in advancing EdgePoint’s overall ESG commitment. The design and construction of each 360˚ S site will further enable the Company and its global strategic partners to achieve their ESG goals.
In the inaugural rollout, the 360˚ S site concept will be applied to 20 new build-to-suit sites scheduled to be completed by the end of 2023 across EdgePoint’s footprint in Malaysia, Indonesia and the Philippines. By 2030, EdgePoint is targeting to apply the 360˚ S sites concept to all new build-to-suit sites across its footprint. Meanwhile, contributing towards its Net Zero 2030 ambition, the Company will be defining a roadmap, which will include deploying innovative solutions, green technology and new practices across its footprint to reduce carbon emissions.
“EdgePoint’s ESG policy underlines our focus on being a responsible corporate citizen committed to enhancing sustainability in our business practices, supported by excellence in our governance and operations, and complemented by the application of innovative and advanced technology,” said Suresh Sidhu, Chief Executive Officer of EdgePoint Infrastructure. “2023 will define our carbon reduction roadmap, which will become a part of our operations DNA moving forward. Beginning with introducing the concept of 360˚ Sustainable sites, our ESG policy will reflect the new practices we will be adopting across all of our footprint.”
Mr. Sidhu added, “As members of the community, it is important to improve current practices if we see a need and are able to make a difference. The 20 new sites will be designed to reflect our efforts towards ensuring the highest sustainability standards and lowest carbon emissions footprint possible. Before each site is built, we will consider key elements including, ensuring all bio-diversity aspects are covered before selecting a location, innovative designs with sustainable or alternative materials, remote monitoring to reduce truck rolls, responsible waste management and using renewable energy solutions to power the sites. While these may seem like common practices, it’s getting them all to work in a holistic fashion that is the key.”
EdgePoint’s ESG policy is centered around four pillars, which serve as the Company’s guide as it seeks to continually improve its business practices:
Environment reflects efforts to innovate and implement better policies, processes and practices that foster environmentally-friendly operations. The pillar focuses on Climate and Emissions whereby EdgePoint is committed to reducing its greenhouse gas emissions through science-based pathways towards Net Zero 2030, building Green Sites with environmentally-friendly designs for structures and energy systems, as well as construction and operations processes. In light of Southeast Asia’s vulnerability to the impacts of climate change, EdgePoint is building resilience in its assets, networks and operations, aligning with best practices for climate risk management. The Company is also committed to managing waste materials safely and responsibly, with a focus on reducing, reusing or recycling products and materials whenever possible. In addition, EdgePoint is committed to protecting and conserving biodiversity across its footprints.
Operational Compliance is focused on achieving world class standards for health and safety both internally and with partners and vendors. This also includes employee wellbeing and support. In today’s digital world, it also means adhering to cybersecurity standards aligned to accepted international industry practice.
People and Community underlines the role of telecommunications in empowering economic and social growth and reflects EdgePoint’s aim to be a diverse and inclusive company with a firm belief in treating people of all walks of life with equality and respect, in the workplace and the community. EdgePoint places great importance on being a good citizen by upholding national laws and international labour standards in the internal workforce. EdgePoint is also engaging with communities across its footprints supporting natural disaster response and improving the digital divide.
Governance focuses onupholding strong business ethics for both internal and external stakeholders. EdgePoint has already put in place audit and compliance functions, and their efforts here are focussed not just on reviews and process, but also on training and modelling the right behaviours.
The issuer is solely responsible for the content of this announcement.
About EdgePoint Infrastructure
EdgePoint Infrastructure is a telecommunications infrastructure company that aspires to power Digital ASEAN via Next Generation Infrastructure. With operations in Malaysia, Indonesia and the Philippines, through EdgePoint Towers Sdn Bhd, PT Centratama Telekomunikasi Indonesia, Tbk and EdgePoint Philippines respectively, the company is focused on providing sharable and leading-edge telecom structures, small cells and in-building systems. EdgePoint aims to be an industry leader through scale and innovation, driving operational efficiencies through the adoption of analytics and digital technologies.
One of the accused men demonstrates how he climbed up the power poll to steal the equipment. | Photo credit: Laopost
Vientiane Police managed to detain a wounded man who tried to cut an electric cable in Vientiane’s Hatsaifong District. Local Police in Bolikhamxay also nabbed three men trying to steal essential equipment from a power pole.
KUALA LUMPUR, MALAYSIA – Media OutReach – 29 November 2022 – This Black Friday, OctaFX decided to research traders’ attitudes towards the shopping season, as well as their trading patterns during this period. The global broker asked its clients all the most important questions.
The shopping season is not the same for all of us. For some, it’s a great opportunity to buy gifts for their loved ones. For some, a chance to boost their sales with well-crafted marketing campaigns. What does the season mean for traders? How do they regard the discount offers? Do they shop much? Does Black Friday affect their trading? If yes, in what way? OctaFX conducted a survey to learn exactly that.
Black Friday shopping: traders approach
More than 1100 respondents from over 60 countries took part in the survey in the beginning of November 2022. What is their opinion on Black Friday deals? Are they worth it? How many of them make spontaneous purchases? Here are the answers.
More than 70 per cent of traders find Black Friday deals good value, while only slightly more than 20 per cent never buy anything during this season.
77.9 per cent of traders compare the prices before and during Black Friday with varying frequency, highlighting the prevalence of an analytical mindset common among professional investors.
Most respondents buy one or two items using Black Friday discounts, while more than half spend on those items more than they usually spend.
Electronics, clothing, and household appliances are the three most popular types of products that traders buy during the Black Friday period, with the majority of them doing their shopping online.
56.7 per cent tend to make spontaneous, emotional purchases, while 43.3 per cent claim that they don’t. Still, even professional traders make those purchases. After all, we all should treat ourselves from time to time.
Black Friday trading: common patterns among traders
72.7 per cent of traders trade more in the financial markets on Black Friday. The Financial Market Analyst, Kar Yong, expressed his opinion on why that is the case, taking into account the seasonality factor of the U.S. stock market. “Between 20th November to 6th December calculated over the past 15 years, the S&P 500 Index rose on average almost 3% and had an astonishing winning strike of 86%.” The expert continued, “This is an opportunity to take advantage of the two-way nature of CFD trades, where one can look into the specific stocks such as Lowe’s Companies which rose on average by 7.45%, and UnitedHealth Group is another stock to be monitored too.”
The majority of traders prefer to trade currency pairs, with commodities and crypto being in the top three, while stocks and stock indices enjoy less popularity.
Trading experience & the shopping experience
The survey conducted by OctaFX showed, among other things, several ways that the trading experience affects the Black Friday shopping experience and, possibly, the everyday lives of traders.
Those with a lot of experience in trading more often don’t buy anything on Black Friday, but those who do, buy more products during this period than less experienced investors.
While the majority of survey respondents compare and analyse the prices before and during Black Friday, those with the most experience most often do it always. This leads to the conclusion that trading experience is related to using analytical skills in real life.
Another finding from the survey was that those with less trading experience make spontaneous purchases more often. However, the level of experience does not directly affect the behaviour characterised by emotional purchases since all traders still make them.
The survey results also pointed out that more experienced traders tend to buy more media products, such as e-books and subscription services, usually associated with self-education and personal development.
The final finding was that the more experienced investors preferred trading currency instruments during the Black Friday season, while those with less experience favoured cryptocurrencies and stocks.
With experience in trading, there comes analytical thinking, the desire for self-development and a general understanding of how the financial markets work. Nevertheless, trading is not all about charts, financial instruments, and exchanges. It’s about the special investor mindset that affects how traders make their everyday life decisions, be it shopping on Black Friday or long-term goals and plans.
In conclusion, while the shopping season is a period when we make perhaps the most emotional purchases, it is important to have a clear head and develop the cold, analytical mindset that experienced traders can boast of.
Hashtag: #OctaFX
The issuer is solely responsible for the content of this announcement.
About OctaFX
OctaFX is a global broker providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 150 countries with more than 12 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities and small to medium enterprises.
On a side note, OctaFX has also won more than 50 awards since its foundation, including the 2021 ‘Best ECN Broker’ award from World Finance and the 2022 ‘Best Global Broker Asia’ award from International Business Magazine.
Aims to be the largest global network connecting alumni who have studied at a UK university
SINGAPORE – Media OutReach – 29 November 2022 – The British Council today announced the official global launch of Alumni UK, a global network of international UK higher education alumni, at the opening reception of its Going Global Asia Pacific 2022 conference in Singapore. The British Council is hosting the first regional edition of its flagship global higher education conference in Singapore while also commemorating 75 years of its presence in the city-state.
All international UK alumni who have spent at least one term studying at a UK higher education institution, including transnational education and online learning, are invited to join the global Alumni UK network where registration is free: https://alumniuk.britishcouncil.org/register. By joining Alumni UK, individuals can grow their professional networks and connect with people living in every corner of the world who have studied at a UK university. In addition to building professional connections, the network aims to bring people together to collaborate on tackling global challenges. Being part of the free Alumni UK exclusive network also offers access to events and training hosted locally, regionally and globally. Alumni will regularly have opportunities to learn from senior leaders and industry experts. By being a part of the Alumni UK network, people can celebrate their mutual connection to the UK and also continue to improve their English language skills.
The Alumni UK network was inaugurated by H.E. Kara Owen, British High Commissioner to Singapore, Maddalaine Ansell, Director of Education, British Council, and Lucy Watkins, Regional Director East Asia, British Council. The launch took place at Eden Hall, the official residence of the British High Commissioner to Singapore and was attended by more than 300 invitees including Sir Steve Smith, the UK Government International Education Champion, prominent UK higher education alumni from across the Asia-Pacific region and senior higher education leaders who are attendees at this year’s Going Global Asia Pacific conference.
Maddalaine Ansell, Director of Education, British Council, said: “The British Council is proud of our long history of building relationships with international alumni of UK universities. Our Alumni UK network ensures that wherever in the world they are, they can remain connected to the UK and to other alumni. We are ambitious for Alumni UK to become a vibrant community offering alumni opportunities for professional development, networking and collaboration.”
H. E. Kara Owen, British High Commissioner to Singapore, added: “The UK is a top global study destination with more than 600,000 international students who choose to pursue their higher education qualifications in our excellent universities. I’m proud to say that UK alumni are among the most employable graduates globally. More than 1 in 4 countries in the world has a Head of State or of Government who was educated in the UK. The launch of this global network is a call for all UK alumni to join us as we build an international community to connect people who have gone through similar university experiences, and who can mentor, support and empower each other.”
Since its soft launch in February 2022, 8,000 international UK higher education alumni have expressed their interest in joining Alumni UK from over 100 countries.
In February 2023, the British Council will host its first Alumni UK online festival, bringing together thousands of international UK higher education alumni to take part in a series of professional development events and activities across a two-week period.
Throughout next year the British Council will also deliver exclusive alumni engagement events in countries around the world including Brazil, China, Egypt, France, Germany, India, Indonesia, Malaysia, Mexico, Nigeria, Pakistan, Saudi Arabia, Turkey, UAE and Vietnam.
The issuer is solely responsible for the content of this announcement.
About the British Council
The British Council is the UK’s international organisation for cultural relations and educational opportunities. We support peace and prosperity by building connections, understanding and trust between people in the UK and countries worldwide. We do this through our work in arts and culture, education and the English language. We work with people in over 200 countries and territories and are on the ground in more than 100 countries. In 2021–22 we reached 650 million people.
HONG KONG SAR – Media OutReach – 29 November 2022 – Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce the firm has received approval from the China Securities Regulatory Commission (CSRC) to begin operations managing local currency mutual funds for domestic Chinese clients. Neuberger Berman is the second global institution to receive final approval to launch a wholly owned, newly established mutual fund business.
“We are honored to now be able to broadly serve Chinese investors in local markets, as we have operated in other important global markets over our 85-year history. Our long-term investment performance and ESG leadership were at the core of our mutual fund company application and will enable us to be a positive force for Chinese investors, issuers, markets and the global community,” said Patrick Liu, CEO of Neuberger Berman Fund Management (China) Limited.
Mr. Liu further said: “We are honored to be the second global asset manager approved to begin our mutual fund business operations in China. China is the world’s second largest capital market and the country’s commitment to opening up to high-quality financial services will bring significant opportunities for local investors.”
Neuberger Berman has been expanding its Shanghai-based professional team including, most recently, adding Michelle Wei. Ms. Wei, who joined in October 2022, has been driving the Fund Management Company’s strategic planning and in 2023 will assume the role of Chief Investment Officer – Equities of the FMC, spearheading the development of investment strategy, managing the equity research team, providing supervision to the investment process, and overseeing asset allocation and risk management across equity portfolios.
Apart from the appointment of Michelle Wei, Neuberger Berman recently made other senior appointments in Asia and in China. Charles Nguyen, Managing Director, Public Equities ESG Investing, will be relocating from New York to Shanghai to lead Neuberger Berman’s ESG efforts across Asia. In July 2022, the firm appointed Edward Fang as Head of ESG Research for the FMC. The local platform also includes fixed income and quantitative strategies led by long-tenured Neuberger Berman portfolio managers Peter Ru and Ping Zhou, respectively.
All information is as of June 30, 2022 unless otherwise indicated and is subject to change without notice. Firm data, including employee and assets under management figures, reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC. Firm history/timeline includes the history of all firm subsidiaries, including predecessor entities and acquisitions.
This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.
The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC.
SINGAPORE – Media OutReach – 29 November 2022 – Chubb’s annual Regional Day of Service (RDS) took place during the week of 7 – 11 November 2022, marking the 10th year that employees have been making a difference in communities across Asia Pacific.
Outreach programs continued to focus on meeting the essential needs of communities and increasing educational opportunities for underprivileged children.
Greater level of community engagement with the return of in-person activities
All 10 participating countries and territories have included on-site activities in their plans, and more than 460 employees have since participated in RDS this year. For many of our volunteers, this is the first time since 2020 that they were able to interact in-person with beneficiaries.
Paul McNamee, Regional President for Chubb in Asia Pacific, shared: “This year, Chubb marks a decade of giving back to communities in the region through our regional day of service. Since the beginning, all outreach activities are completely led and executed by our employees. Their can-do spirit and unwavering commitment to communities where we live, work and serve have made our regional day of service a success. I am truly grateful to all Chubb employees for their passion and contributions to RDS.”
Brad Bennett, Chief Operating Officer Chubb Life, added: “Over the years, we have seen RDS evolve to better serve our communities. For instance, the focus on meeting essential needs of communities and virtual elements in outreach programs were a response to the Covid-19 pandemic. This year, the majority of RDS activities were conducted on-site, and this has been welcomed by our employee volunteers. While the format of our day of service may change over time, the commitment to our communities remain constant as we look forward to the continued success of RDS.”
Diverse Range of Activities Addressing the Needs of Communities
RDS was conducted this year in Hong Kong SAR, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.
Outreach activities included events such as a river clean-up, educational field trips, financial literacy workshops, fund-raising campaigns, and the donation of IT equipment, school supplies, and other necessities.
Regional Day of Service Highlights
Hong Kong SAR
Employee volunteers in Hong Kong packed over 800kg of rice into smaller bags for distribution to the elderly and families supported by St. James Settlement. Chubb staff also accompanied 20 underprivileged children from the organization to the Hoi Ha Wan Marine Life Centre, where they learned about ocean conservation and took part in a guided cruise on a glass-bottom boat.
In addition, staff volunteers from Chubb and DBS, a strategic partner and leading financial services group, worked together to conduct a series of financial literacy workshops for over 200 secondary-level students from five schools in collaboration with Junior Achievement Hong Kong. This program also marks the fifth year of partnership with DBS.
Volunteers from Chubb and DBS coaching students at a financial literacy workshop
Indonesia
Chubb’s life and general insurance operations worked together to hold their first on-site RDS event in two years at the SOS Children’s Village in Jakarta. The company donated essential items including a water filtration system to provide clean water for more than 80 children and caregivers living in the community, waste sorting bins for every house, and health supplements for children. In addition, a series of fun and interactive activities were organized to allow for greater engagement between volunteers and the beneficiaries.
Volunteers decorating waste sorting bins that were donated to the SOS Children’s Village in Jakarta
Korea
In Korea, 68 employees came together to build 75 sets of braille calendar and braille number playing cards for visually impaired children. These were distributed together with financial education audiobooks produced by Chubb to care facilities and schools for the visually impaired across the country through the Child Fund Korea.
By providing these braille kits and audiobooks, the company hopes to improve the braille literacy rate and provide access to financial education for visually impaired children.
Malaysia
Volunteers from Malaysia will be bringing children from Yayasan Sunbeams Home to visit The Acre by Farm Fresh and learn about sustainable farming in January 2023.
New Zealand
Employees from New Zealand turned up in full force for Chubb’s day of service. In addition to clearing and cleaning a donated warehouse space and setting up sorting stations, volunteers also sorted donated items including shoes, clothing, hygiene products and toys, before packing them into 200 gift boxes. These will go towards the 5,000 Christmas gift boxes that Catalytic Foundation will be distributing to underprivileged children.
By setting up the venue for collecting and sorting donated items, Chubb has helped made it easier for multiple organizations to continue this great work and running their own charity days at the venue in support of the Catalytic Foundation.
Employees in New Zealand putting together 200 Christmas gift boxes for underprivileged children
Philippines
In the Philippines, 150 staff volunteers from Chubb’s Business Services unit worked together to assemble and deliver 1,460 packs of school supplies to Maybunga Elementary School, which serves a less affluent community in Pasig City. These were presented to all students from grades three to six. Employees from Chubb’s general insurance operation also worked with Fostering Education & Environment for Development (FEED) to plant trees at the Sinoloan Laguna.
Singapore
Chubb continued to help low-income families supported by Beyond Social Services (BSS). A virtual donation drive raised over $39,000, which was used to purchase festive hampers that will be distributed by staff volunteers to more than 420 families in time for the end-year holidays. Funds will also be used to provide 800 homecooked meals under the Project Masak-lah! program by BSS. During the school holidays in late November, volunteers also organized a fun-filled science workshop for 60 primary school children supported by BSS.
Taiwan
The life and general insurance operations in Taiwan worked together on a series of initiatives in support of Alang Pulan Village, a rural indigenous community in Ren’ai Township. Twelve sets of used computers were donated to Qin’Ai Elementary School, providing students with access to digital technology. Volunteers also organized a financial literacy camp for about 70 students, where they were introduced to the concept of insurance and its importance through interactive games and activities.
To help drive economic development in the area, Chubb sponsored a rice field that supported the preservation of the Ina Valley Glutinous Rice, a unique variety of rice with significant cultural relevance to the local community. Over 60 employees took part in the harvesting ceremony together with local farmers. In addition, a painting competition was held at the rice field for students of Qin’Ai Elementary School to learn more about the Ina Valley Glutinous Rice.
Students from Qin’Ai Elementary School taking part in a painting competition held at the rice field
Thailand
Chubb’s general insurance operation organized an educational day trip for 100 middle-school students from Prongmadua Wittiyakom School to Don Hoi Lot, a sandbar in the Samut Songkhram province. Volunteers and students went on boat rides to learn about the mangrove ecosystem and helped remove garbage from the river. Employees also set up six game stations where the children took part in fun activities and learned about the 3Rs of waste management – reduce, reuse and recycle.
In addition, a series of activities was organized to raise awareness about plastic pollution among employees. These include simple quiz games, sharing of ideas from employees to reduce global warming, and a donation drive to collect pre-owned items for the Luang Ta Noi Foundation.
Employee volunteers from Chubb’s life insurance operation also accompanied 50 elementary school students supported by the Teach for Thailand Foundation on a visit to the Mangrove Forest Resources Education and Development Center.
Video of volunteers and students on a field trip to Don Hoi Lot in Thailand
Vietnam
Chubb will be contributing to the Vietnam Children’s Protection Fund to help children who lost their parents to the Covid-19 pandemic, and employees have been invited to craft messages of encouragement for these children.
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.