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That Luang Festival Returns to its Pre-Pandemic Glory This Year

An aerial shot of the That Luang stupa captured during the festival. Photo Credit: Phoonsab Thevongsa

That Luang festival returned to its pre-pandemic splendor this year, resulting in thousands of people from across the country and abroad flocking in to experience the festivities.

In N Out Storage stays bullish in self-storage business with new branch expansion

HONG KONG SAR – Media OutReach – 9 November 2022 – In N Out Storage, a Hong Kong based privately owned self-storage company, casts its vote of confidence in the City’s self-storage sector with its latest expansion into Tin Hau. Operates mostly with self-owned properties, this is the fourth expansion in 2022 following the opening of the San Po Kong branch in August.

The Tin Hau branch provides one hundred storage units that are accessible 24/7. In N Out’s existing portfolio of nine storage locations and over twenty storage facilities spans across Hong Kong Island and Kowloon with locations in Aberdeen, Sai Wan, Tin Hau, Chai Wan, Siu Sai Wan, Mong Kok, Hung Hom, Lai Chi Kok and San Po Kong. In N Out Storage’s sales has surged over 80% despite the pandamic and has grown to provide over 2500 storage units comprising of more than 150,000 square feet of property space across the City.

Addressing the booming demand of fine wine storage, In N Out Storage has newly revamped its facilities to cater wine collectors’ need through dedicated wine storage. Facilities are safeguarded with state of the art facial recognition security technology alongside stringent temperature and humidity control,

“Self-storage is a competitive business by nature. We have to be strategic in selecting expansion location .” said Jun Jun Lau, founder of In N Out Storage. ” We believe self-storage is not just a business but also a value-added service that would help the community to ease the shortage of living space. We continue to be optimistic in the growth of the sector and will continue to invest our resources into opening new stores and locations.”

Founded in 2015, In N Out Storage provides a variety of professional storage services, specializing in self-storage, wine storage, document storage and mailbox services. The Company aims to expand its storage network to better serve customers in Kowloon and New Territories in the near future.

Hashtag: #InNOutStorage

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

Johannesburg Gets Ready For Healthcare Innovation Summit Africa 2022

JOHANNESBURG, GAUTENG, ZA – Media OutReach – 9 November 2022 – It is that time of the year again, when healthcare professionals, industry experts and leaders gather to discuss the impact of emerging technologies on their industry. Taking place at Emperors Palace in Johannesburg on 16-17 November 2022 under the theme “Accelerating Digital Transformation in Healthcare: From Crisis to Opportunity”, the 7th Healthcare Innovation Summit Africa will attract hundreds of hospital CxOs, medical practitioners, healthcare IT leaders, service providers and government functionaries, as well as a carefully selected roster of local and international speakers.

#HISA2022 aims to address the many healthcare challenges that still exist in Africa, and critically assess the ways in which emerging technology trends such as AI, IoMT, EHR, 3D printing, Big Data Analytics, AR & VR, Wearables and Blockchain can improve healthcare.

This year’s Healthcare Innovation Summit Africa plans to tackle clinical and systemic challenges facing African healthcare and offer real-world technology solutions. Industry experts will share how the adoption of emerging technologies is making things easier for both health professionals and patients while also highlighting healthcare success stories and global best practices.

Why attend:
1.Learn about the latest innovative solutions in the healthcare sector.
2.Hear from Health-Tech entrepreneurs and policy makers from across the continent.
3.Explore developments in the use of technology in the healthcare sector.
4.Hear from successful organizations that have implemented game-changing health-tech solutions.
5.Enjoy an unparalleled networking platform and secure new opportunities and partners.

Confirmed speakers include:

  • Chevon Clark- CEO, National Renal Care.
  • Crystal Serena Vulavu- Council Member, Nairobi Division, Kenya Medical Association.
  • Denis Lafitte- CIO, King’s College Hospital NHS Foundation Trust.
  • Dr Rajeev Rao Eashwari- Director: ehealth Hospital Services, Gauteng Department of Health.
  • Fred Mumo- Head of Information Technology Services, AAR Hospital.
  • Jason McArthur- Managing Director HealthWare, Medical Technology.
  • Ulysse Baguida- CEO and Co-Founder, U’HOPE Company (Brussels- Belgium)
  • Thoneshan Naidoo- Principal Officer, Medshield Medical Scheme.
  • Jonathan Keytel- Head, Healthcare Transformation And Sustainability South Africa & Management Center Sub-Saharan Africa: Roche Diagnostics.
  • Michael Hasselber- Chief Digital Health Officer, University of Rochester Medical Centre.
  • Patrick Woodard- Chief Digital Officer, Methodist Le Bonheur Healthcare.
  • Saul Behrmann- Chief Operating Officer, Medi Response.
  • Teshlin Akaloo- Managing Director, Netcareplus

See More Speakers: HISA2022-Speakers

Key topics at this #HISA2022 include:

  • The future of healthcare.
  • Trends in healthcare funding & innovation.
  • Improving healthcare with AI.
  • Connecting Care Teams and Patients: Towards effective integrated care.
  • Enhancing the patient experience with data analytics.
  • Healthcare future funding & crisis response.
  • Effective integrated care and care continuity.
  • Unlocking insights to enable data-driven, digitally-enhanced healthcare.

How to Participate:

  1. Join as an attendee: Join local and international hospital CxOs, medical practitioners, healthcare IT leaders, service providers and government functionaries – for two days of top-level content, case studies, live demos, breakaway sessions and plenty of networking opportunities.
  1. Join as a speaker: Showcase your thought-leadership. Share your insights and experience. Shape solutions to critical business challenges.
  1. Join us as an exhibitor: Showcase your health-tech innovations, projects, and solutions. Put your organisation at the centre of this one-of-a-kind gathering. Find new partnerships, investors, leads, and opportunities.

For more information about this conference, visit: http://www.healthcareinnovationsummit.co.za/

Hashtag: #HealthcareInnovationSummitAfrica2022

European Chamber of Commerce and Industry Celebrates its 10th Anniversary

The European Chamber of Commerce and Industry in Laos celebrated its 10th anniversary with a spectacular gala dinner and Venetian ball.

DEUTZ AG: DEUTZ completes a successful nine-month period and publishes full-year guidance for 2022

  • Orders on hand rise to around €830 million
  • Revenue increases by 19 percent to almost €1.4 billion
  • Adjusted EBIT margin improves to 4.7 percent

COLOGNE, GERMANY – EQS Newswire – 9 November 2022 – Following a successful first half of the year, DEUTZ continued to generate growth and recorded double-digit increases in unit sales and revenue in the nine-month period. The war in Ukraine did not have a material adverse effect on business performance. However, as for other companies, the impact of the war on energy and raw material prices and on the global flow of goods around the world is very tangible for DEUTZ.

“Exceptionally high price increases across the board, combined with disruptions to supply chains, are taking their toll on the economy as a whole. Nonetheless, we raised our adjusted EBIT margin by 2.1 percentage points to 4.7 percent. This is proof positive that the performance initiatives that we have launched and our greater focus on maintaining cost discipline are increasingly paying off. This uptrend is encouraging but offers no room for complacency because we still have a long way to go before we achieve our targeted profitability level,” says CEO Dr. Sebastian C. Schulte. DEUTZ defined a range of measures under its Powering Progress strategy program that are aimed at facilitating the Company’s transition to alternative drive systems and new business models and boosting its commercial performance. They include passing on higher costs to customers in the short term through multiple rounds of price rises. This will increasingly mitigate the impact of these higher costs.

Looking to the future, Schulte adds: “Our orders on hand stood at the very high level of approximately €830 million at the end of September. That provides a stable starting position for the coming months. Market demand remains particularly strong for engines with a capacity of less than four liters. At the same time, our book-to-bill ratio of 0.95 in the third quarter indicates that market growth is gradually slowing down. However, we have set a course that will make DEUTZ more resilient in periods of economic weakness.”

As well as delivering a positive operating performance and successfully launching its first performance initiatives, DEUTZ made further progress with implementing its hydrogen strategy and joined the HyCET (Hydrogen Combustion Engine Trucks) research project consortium. HyCET aims to demonstrate the sustainability potential of trucks with hydrogen combustion engines in transportation logistics. As part of the project, two 18-tonne trucks will be developed and fitted with DEUTZ TCG 7.8 H2 hydrogen engines. The trucks will then be put through their paces by using them in the regular logistics operations of the BMW Group and DEUTZ. The four-year research project has a total investment volume of €19.5 million, of which €11.3 million will be funded by the German Federal Ministry for Digital and Transport (BMDV).

Furthermore, the Supervisory Board of DEUTZ AG has completed the reorganization of the Board of Management: Dr.-Ing. Petra Mayer took up her post as the new Chief Operating Officer (COO) at the start of November, while Timo Krutoff will join the Board of Management as the new CFO and Labor Director on December 1.

New orders close to the prior-year level, sharp rise in unit sales and revenue

In the first three quarters of 2022, new orders received by the DEUTZ Group amounted to €1,519.7 million. This was around the same high level of €1,514.0 million achieved in the prior-year period, which had been boosted by one-off effects of spending brought forward in an amount of more than €100 million.

The regional situation was mixed, with new orders rising markedly in the Americas and Asia-Pacific regions but declining slightly in the EMEA region during the reporting period. The application segments also presented a disparate picture. Whereas Material Handling, Agricultural Machinery, Stationary Equipment, and the service business generated increases in new orders (with some of them reporting double-digit percentage growth), there were significant year-on-year decreases for Construction Equipment and Miscellaneous.

Orders on hand continued to climb, advancing by 13.4 percent to reach a substantial €828.8 million as at September 30, 2022 (September 30, 2021: €616.4 million). This points to a stable order situation in the months ahead. Of that total, orders on hand attributable to the service business rose by 62.7 percent to €53.2 million (September 30, 2021: €32.7 million).

With a total of 169,352 units sold, the DEUTZ Group registered an increase in unit sales of 16.5 percent in the reporting period. Within this total, the number of DEUTZ engines[1] sold rose by 12.6 percent to 130,875. The DEUTZ subsidiary Torqeedo sold 38,477 electric boat drives, which was 32.3 percent more than in the prior-year period.

The uptrend in unit sales was generated across all application segments. The region with the sharpest increase was the Americas, where the rise of 48.5 percent was primarily attributable to higher unit sales of electric boat drives. The EMEA region, which is DEUTZ’s largest sales market, saw its unit sales climb by 10.8 percent.

Reflecting the growth in unit sales, DEUTZ’s revenue swelled by 19.0 percent to €1,395.8 million in the period under review. All regions and all of the main application segments recorded increases in revenue. The revenue of the service business grew to €336.2 million, accounting for around 25 percent of consolidated revenue. Within this business, parts sales and DEUTZ Xchange performed particularly well.

Strong improvement in profitability

EBIT before exceptional items (adjusted EBIT) improved from €30.9 million to €65.9 million in the period under review and thereby more than doubled. This improvement was attributable to the growth in the volume of business, the associated economies of scale, cost-saving measures, and positive currency effects. Moreover, the impact of additional costs stemming from persistent supply bottlenecks and higher materials prices is being increasingly mitigated thanks to these costs being passed on to our customers through price increases. The growth of research and development expenditure, higher procurement costs, and the losses generated by the DEUTZ subsidiary Torqeedo were more than offset by the aforementioned earnings drivers. The adjusted EBIT margin also increased significantly year on year, rising from 2.6 percent to 4.7 percent. In the high-revenue Classic segment, which encompasses all activities related to the development, production, distribution, and maintenance of diesel and gas engines as well as the related service business, the adjusted EBIT margin improved from 4.0 percent to 6.9 percent. As expected, the adjusted EBIT margin of the Green segment, which includes not only the DEUTZ subsidiary Torqeedo but also all activities related to new drives (such as hydrogen engines), decreased on the back of high levels of capital expenditure on research and development, falling to minus 51 percent.

The increase in adjusted EBIT meant that net income before exceptional items improved by 94.8 percent to €52.2 million in the reporting period, resulting in earnings per share before exceptional items of €0.43 (Q1–Q3 2021: €0.22).

Financial position remains comfortable

Cash flow from operating activities amounted to a net cash outflow of €13.8 million in the first nine months of 2022, compared with a net cash inflow of €67.9 million in the prior-year period. This decline was largely attributable to the rise in working capital. The growth in the volume of business and delays in the supply chain led to a rise in inventories, especially finished goods and work in progress. Moreover, the procurement of certain items in the market was extremely challenging, which resulted in a build-up of inventories of materials and components in order to safeguard production. The growth of inventories was only partly offset by the net cash inflow resulting from higher trade payables.

As a result of the decrease in cash flow from operating activities, free cash flow amounted to minus €69.8 million. This equated to a deterioration of €85.0 million compared with the first three quarters of 2021.

The equity ratio stood at 42.6 percent, compared with 45.6 percent at the end of 2021. The DEUTZ Group’s financial position therefore remains comfortable.

Full-year guidance for 2022 published

Given the considerable geopolitical uncertainties, DEUTZ stated that the guidance for 2022 published in its 2021 annual report was under review.[2] Based on its business performance in the first to third quarter, DEUTZ is now forecasting unit sales of between 175,000 and 185,000 DEUTZ engines[3] for 2022. This should result in an increase in revenue to between €1.75 billion and €1.85 billion. The adjusted EBIT margin is likely to be in a range of 4.5 percent to 5.0 percent. Despite this encouraging earnings guidance, free cash flow is expected to be a negative amount in the low- to mid-double-digit millions of euros. The main reasons for this are the build-up of inventories in order to safeguard production and delays in the supply chain.

DEUTZ Group: Overview of key figures

€ million Q1-Q3
2022
Q1-Q3
2021
Change
Q3
2022
Q3
2021
Change
New orders 1,519.7 1,514.0 0.4% 442.1 485.2 -8.9%
Group unit sales (units) 169,352 145,359 16.5% 60,611 51,732 17.2%
thereof DEUTZ engines[4] 130,875 116,273 12.6% 40,413 40,842 -1.1%
thereof Torqeedo 38,477 29,086 32.3% 20,198 10,890 85.5%
Revenue 1,395.8 1,173.4 19.0% 465.4 403.2 15.4%
EBIT 57.4 27.8 106.5% 21.9 11.7 87.2%
thereof exceptional items -8.5 -3.1 174.2% -1.4 -2.4 -41.7%
Adjusted EBIT (EBIT before exceptional items) 65.9 30.9 113.3% 23.3 14.1 65.2%
EBIT margin (%) 4.1 2.4 +1.7pp 4.7 2.9 +1.8pp
EBIT margin before exceptional items (%) 4.7 2.6 +2.1pp 5.0 3.5 +1.5pp
Net income 45.1 23.7 90.3% 17.1 10.4 64.4%
Net income before exceptional items 52.2 26.8 94.8% 18.2 12.8 42.2%
Earnings per share (€) 0.37 0.20 85.0% 0.14 0.09 55.6%
Earnings per share before exceptional items (€) 0.43 0.22 95.5% 0.15 0.10 50.0%
Equity (Sep. 30/Dec. 31) 642.9 588.4 9.3%
Equity ratio (%) 42.6 45.6 -3.0pp
Cash flow from operating activities -13.8 67.9 -28.4 23.2
Free cash flow -69.8 15.2 -45.1 5.5
Net financial position
(Sep. 30/Dec. 31)
-217.7 -79.7 -173.1%
Employees[5] (Sep. 30) 4,995 4,701 6.3%

The quarterly statement for the first to third quarter of 2022 is available on our website at www.deutz.com/en/investor-relations.

Forward-looking statements

This press release may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. Various known and unknown risks, uncertainties, and other factors may lead to material differences between the actual results, the financial position, or the performance of the DEUTZ Group and the estimates and assessments set out here. These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. The Company does not undertake to update these forward-looking statements or to change them to reflect future events or developments.

[1] Excluding electric boat drives from DEUTZ subsidiary Torqeedo.
[2] See the press release dated March 14, 2022.
[3] Excluding electric boat drives from DEUTZ subsidiary Torqeedo.
[4] Excluding electric boat drives from DEUTZ subsidiary Torqeedo.
[5] Number of employees expressed in FTEs (full-time equivalents); excluding temporary workers.

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

Ministry of Health opens MOH Intelligence Hub at EVYD Campus

  • Intelligence Hub is physical symbol of MOH’s vision and forward planning, and demonstrates its courage and commitment to embracing new technologies to propel Brunei’s leadership in digital health transformation
  • Co-location signifies close and symbiotic partnership between MOH and EVYD Technology in leveraging cutting-edge technologies to improve health outcomes
  • MOH and EVYD Technology also sign MOU with the National University of Singapore’s Saw Swee Hock School of Public Health to strengthen health systems

BANDAR SERI BEGAWAN, BRUNEI – Media OutReach – 1 November 2022 – The Ministry of Health (MOH), Brunei Darussalam and EVYD Technology are pleased to announce the official opening of the MOH Intelligence Hub at EVYD Campus in Jerudong today.

Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Minister of Finance and Economy II (left); and Yang Berhormat Dato Seri Setia Dr Haji Mohammad Isham bin Haji Jaafar, Minister of Health (right) cutting the ribbon to officially open the MOH Intelligence Hub.

Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II (left); and Yang Berhormat Dato Seri Setia Dr Haji Mohammad Isham bin Haji Jaafar, Minister of Health (right) cutting the ribbon to officially open the MOH Intelligence Hub.

The opening of the Hub is part of the ministry’s efforts to strengthen the resilience of Brunei’s healthcare ecosystem. The co-located Hub will house the nation’s Epidemic Intelligence and Response Unit (Disease Control Division), functioning as a surveillance centre to monitor the nationwide spread of diseases; the Climate Change Adaptation and Resilience Unit; and the Digital Health Unit. In the future, more government health units could be housed in the Hub, including the Behavioural Insights Programme, the National Clinical Research Unit and the Non-Communicable Disease Unit.

Mr Chua Ming Jie, CEO of EVYD Technology (second from right) with Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Minister of Finance and Economy II (fourth from right); Yang Berhormat Dato Seri Setia Dr Haji Mohammad Isham bin Haji Jaafar, Minister of Health (fifth from right); and other signatories and witnesses at the MOU signing.

Mr Chua Ming Jie, CEO of EVYD Technology (second from right) with Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II (fourth from right); Yang Berhormat Dato Seri Setia Dr Haji Mohammad Isham bin Haji Jaafar, Minister of Health (fifth from right); and other signatories and witnesses at the MOU signing.

The MOH Intelligence Hub is a physical symbol of the ministry’s strategic vision and forward planning. It evinces MOH’s courage to embrace and adopt new technologies, as part of its commitment to demonstrate Brunei’s leadership in digital health transformation. This is but the latest initiative to improve Bruneians’ health. The ministry will continue to proactively leverage technology to further propel the world-leading digital optimisation of Brunei’s healthcare ecosystem.

The Epidemic Intelligence and Response Unit Surveillance Centre leverages on a recently developed automated communicable disease surveillance system linked with clinical and laboratory data from Bru-HIMS to track and monitor the emergence and spread of over 50 infectious diseases in real-time.

The opening of the Hub was officiated by Yang Berhormat Dato Seri Setia Dr Haji Mohammad Isham bin Haji Jaafar, Minister of Health; and Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II.

Yang Berhormat Dato Seri Setia Dr Haji Mohammad Isham bin Haji Jaafar said: “Our decision to co-locate the MOH Intelligence Hub in EVYD Campus demonstrates the strategic relationship among healthcare technology, data analytics, research and policy planning. It will function as a sandbox for collaboration, knowledge generation and practice transformation. The Hub will provide a co-working space for different teams dealing with data and intelligence. Facilitating these enhanced interactions all in one location will provide Brunei with more value-added insights to craft data-driven decisions around population health with greater confidence.”

Mr Chua Ming Jie, CEO of EVYD Technology, said: “We are proud to have partnered MOH from the start of the pandemic in 2020 – beginning with co-developing BruHealth as a pandemic management tool, and now evolving it to become a national health app. Brunei also leverages our EVYDENCE data operating platform to integrate information from various data sources and process it into a common data model, enabling better health outcomes. The data from EVYDENCE is also used to power a whole range of digital health solutions for Bruneians.”

“We are pleased to welcome the Ministry of Health to open its Intelligence Hub at our global campus in Brunei today. The co-location of the Hub in the EYVD Campus symbolises the symbiotic relationship between MOH and EVYD Technology – where we provide actionable data for meaningful impact in terms of policy-making and clinical outcomes, and MOH is able to leverage this data to empower the digital transformation of Brunei’s healthcare system. The opening of this Hub is the latest milestone in our relationship, and we look forward to growing our partnership with the ministry further in our shared mission to improve Bruneians’ health.”

Cross-border collaboration to strengthen health systems

At the opening, MOH and EVYD Technology also signed a Memorandum of Understanding (MOU) with the National University of Singapore Saw Swee Hock School of Public Health today as a cross-border collaboration to strengthen health systems.

This will include:

  • Building the research ecosystem and infrastructure to conduct research relevant to policy-making;
  • Organizing and participating in joint academic and scientific activities; and
  • Identifying opportunities for knowledge transfer, capability building and joint research and development (R&D) in areas of mutual interest.

Yang Berhormat Dato Seri Setia Dr Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister’s Office and Minister of Finance and Economy II, who is also the Chairman of the Board of Directors of EVYD Technology, said: “Given the increasingly complex health challenges in a borderless world today, there is much value that we can realise by fostering greater cross-border collaborations to collectively improve our public health responses. Through this regional collaboration, we aim to strengthen the healthcare systems in Brunei and Singapore, and will be happy to share our key initiatives and learnings with the rest of our ASEAN member countries to improve public health across the region.”

The MOU will be effective for two years initially, and will renew automatically for successive periods of two years after each contract period unless terminated by any of the three organizations.

It was signed by Yang Mulia Dr Anie Haryani Abdul Rahman, Acting Deputy Permanent Secretary (Policy), MOH; Mr Chua Ming Jie; and Professor Teo Yik Ying, Dean, Saw Swee Hock School of Public Health, National University of Singapore; and witnessed by Yang Mulia Haji Maswadi Haji Mohsin, Permanent Secretary, MOH; Yang Mulia Ahmad Jefri Abdul Rahman, Assistant Managing Director, Brunei Investment Agency; and His Excellency Heng Aik Yeow, Singapore High Commissioner to Brunei Darussalam, respectively.

Conference to promote cross-border public health collaboration

As part of the three organizations’ commitment to improving cross-border public health collaboration, they are also part of the organizing committee behind the 2nd ASEAN Digital Public Health Conference, which will take place in Brunei and online on 22 & 23 November 2022. The Conference will bring together ASEAN Ministers of Health and Finance, policymakers, health authorities, multi-disciplinary experts, and leaders from industry participants and non-governmental organizations to share experiences and engage in holistic discussions on the benefits, risks and challenges associated with the adoption of artificial intelligence and digital technologies in healthcare.

The Conference is hosted by the Ministry of Finance and Economy and the Ministry of Health in Brunei, organized by EVYD Technology, the Brunei Investment Agency and the National University of Singapore Saw Swee Hock School of Public Health, and supported by Temasek Foundation. More information is available at www.dphasean.org.

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

About EVYD Technology

EVYD Technology is a healthcare artificial intelligence (AI) and Big Data company with the mission to transform healthcare using data intelligence. Its solutions enable value-based healthcare that is safer, better and more accessible for global communities. It offers solutions to policymakers to enhance public health monitoring, generate insights for policymaking and implement initiatives such as value-based healthcare and population health management. It also offers solutions to the research community to enhance the efficiency and quality of their research, from which insights generated could be leveraged to benefit the broader ecosystem. The company’s flagship EVYDENCE operating platform aggregates raw data that reside in disparate information systems and convert them into computable, structured and standardised data so that they could be further processed to derive deep insights and knowledge using natural language processing, machine learning and other AI technologies. EVYD Technology is a Brunei Investment Agency investee company.

For more information, visit

This Year Marks Piano Maestro Mr. Liu Shikun’s 30th Anniversary of Music Education

Liu’s “Pallas Piano Academy” Hosted Concert to Celebrate its First Year of Establishment
The Father and Daughter Appeared on Stage Together for the First Time

HONG KONG SAR – Media OutReach – 9 November 2022 – Passing on aesthetic experience through the beauty of music. Founded by famous pianists Mr. Liu Shikun and his wife, Ms. Sun Ying, the Pallas Piano Academy (the Academy) organized a music concert in celebration of its first year of establishment. The Anniversary Concert was held at the end of last month (the evening of 28 October) at the Methodist International Church. Mr. and Mrs. Liu brought along their daughter Liu Beibei to attend the significant event and appreciate the quality show performed by more than 20 students of the Academy. The couple also performed live, showcasing inspiring performances and sharing gaiety with the audience. Mr. Liu received numerous congratulatory messages from eminent personalities, celebrating his 30th anniversary of nurturing music talents. Mr. Warren Mok, renowned tenor, Ms. Na Mula, principal of the Middle School affiliated to the Central Conservatory of Music in Beijing, and Mr. Xiaobo Pu, classical guitarist, expressed their congratulations to Mr. Liu via video messages at the Concert.

Mr. Liu Shikun and his daughter, Liu Beibei, appeared on stage together for the first time at the Anniversary Concert of the Pallas Piano Academy.

Mr. Liu Shikun and his daughter, Liu Beibei, appeared on stage together for the first time at the Anniversary Concert of the Pallas Piano Academy.

Opened his first institute of music education and piano centre in 1992 in Hong Kong, Mr. Liu has made tireless efforts in educating young people for 30 years. Having a large number of students, he has endeavoured to enhance music knowledge and artistic quality of the next generation. At the Concert, students of the Academy demonstrated their multiple talents by playing a variety of instruments, such as piano, harp, violin and viola. There were vocal duet and children choir performances as well. Beibei, who is rarely seen in public, immersed herself in the enchanting sounds of music and reacted joyfully. This was the first occasion for Beibei to appear on stage with her father.

Seldom participating in performance in recent years, Mr. Liu gave finale performance at the Concert. The live performance was exclusive for the guests only as tickets were not for public sales. Students grasped this golden opportunity to watch the stage performance of the piano master and truly benefitted from it.

Mr. Liu made a remark and said, “In the blink of an eye, 30 years of cultivating the young generation to live their musical dreams have gone by. I have always been adhering to the principle of ‘doing everything for the sake of children’ in education. At this Concert, I am glad that my students are given opportunity to take the stage and hoping that they could gain and exchange experience with each other. Through aesthetic education, we shape a beautiful atmosphere in the world of music for our young generation to thrive and become the pillars of future society. Classical music is my daughter’s closest companion too. For myself and my wife, both Beibei and the Academy are the treasures of our lives, and they grow and thrive together. We sincerely hope that Beibei could pass on the art of music in the future.”

Hashtag: #PallasPianoAcademy

About the Pallas Piano Academy

Founded by national treasure-level piano masters Mr. Liu Shikun and his wife Ms. Sun Ying, the Pallas Piano Academy strives to uphold the highest level of quality and standard of education which is on a par with international practice. Adopting the advanced foreign principles of music education, the Academy’s ambition is to nurture and inspire the future generation through the edification of elegant music and aesthetic education.

Kerry Logistics Network Receives Global Connectivity Corporate – Leadership Award At the 2022 Standard Chartered Corporate Achievement Awards

HONG KONG SAR – Media OutReach – 9 November 2022 – Kerry Logistics Network Limited (‘Kerry Logistics Network’, ‘KLN’; Stock Code 0636.HK) was recognised for its role in connecting the Mainland of China and the global market, and was granted the Global Connectivity Corporate – Leadership Award at the 2022 Standard Chartered Corporate Achievement Awards (the ‘Awards’). The award presentation ceremony was held on 4 November 2022 in Hong Kong.

KLN was commended for its contribution as an industry leader, providing professional services and networking opportunities for Mainland companies, which allow them to connect with the rest of world while driving business activities, technology advancement and talent development. In addition to its future plans and forward-looking initiatives in the overseas markets, the award also highlights KLN’s excellence in overseas market development, product and service innovation, and resilience and adaptability in the changing environment.

William Ma, Group Managing Director of Kerry Logistics Network, said, “We are gratified with the recognition over our international business endeavours. KLN has been diligently developing its global network and cross-border services for years. The recognition not only reaffirms our success, but it will also push us to go further in expanding our international foothold and offerings. Going forward, we will continue to embrace our role as the connector between Mainland companies and the world, so that we can create more value for our customers, as well as the local communities we serve.”

The Standard Chartered Corporate Achievement Awards are organised by Standard Chartered Bank and co-organised by Hong Kong Economic Journal to recognise companies for their outstanding performance and contributions to the economic and trade development of Hong Kong and the Greater Bay Area.

Hashtag: #KerryLogistics

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), e-commerce and express to industrial project logistics and infrastructure investment.

With a global presence across 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$81 billion in 2021 and is the largest international logistics company listed on the Hong Kong Stock Exchange as well as a constituent of the Hang Seng Corporate Sustainability Benchmark Index.

About Standard Chartered Corporate Achievement Awards

Organised by Standard Chartered with Hong Kong Economic Journal as the co-organiser, the “Standard Chartered Corporate Achievement Awards” aim to recognise enterprises with outstanding performance over the past year, in particular in the areas of cross-border business expansion and sustainable and innovative economic development, which greatly contribute to the economic and trade development of Hong Kong and the Greater Bay Area. At the same time, the Awards hope to strengthen communication among business elites, promote market growth, and enhance Hong Kong’s competitiveness in an all-round way.