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Array Go Has Launched: ArrayFi’s Answer to AI in Blockchain

VICTORIA, MAHE, SEYCHELLES – Media OutReach – 9 March 2023 – Array Go, the fully automated algorithmic intelligence, has launched and geared up for the next stage of digital evolution. It is poised to become the talking point for many avid investors during the next bullish market and long after.

Daniel Kahneman and Prof. Amos Tversky proposed a well-known behavioral economic theory, which states that individuals have different risk attitudes and psychological tolerances based on different reference points. The Array protocol is designed based on this theory.

If Web2 industries feel AI’s power, imagine how Web3 pioneers are doing.

Array Go is an AI-powered algorithm with all the benefits of the bounding curve, such as stability and risk mitigation. It is a full AI that is not under the control of any human or institution. Array Go drives itself based on 100% market action. In order to ensure the value of the token remains stable and predictable for investors and traders indefinitely, a traditional bonding curve is implemented manually to a smart contract that governs the issuance and trading of $ARA.

Array Go can:

  1. Learn from the historical market data.
  2. Observe the up-to-date market behaviors.
  3. Predict the future market trends.

The key function of Array Go is to reduce the risks associated with this technology. As market trends rise, the AI system will feed more $ARA to the market (minting) in order to balance supply and demand – or remove $ARA (burn) based on the same principle. This reduces the risk of greater price fluctuations.

About $ARA and $USDR. The gold standard operates on a 4:1 relationship, allowing $ARA holders to mint $USDR tokens on the chain themselves. Users can also stake $ARA to obtain $USDR tokens, which serve as the only circulation medium for the DEGA(Decentralized Gaming Alliance) application platform.

Array is focused on building a software of the future, a bridge to a refined platform with endless potential. Array believes that wealth creation should be smooth, serene and endless. Array wants to simplify the investment and reward process to allow users to be more creative and help with their journey of reaching their investing potential.

Twitter: @JimArray

Hashtag: #Array

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

Impro (1286.HK) 2022 Annual Revenue Up 15.3% YoY to HK$4,354.7 million

Adjusted Profit Attributable to Shareholders of the Company Surges 53.7% to HK$649.1 Million

Full-Year Dividend of HK 16.0 cents Per Share, Up 58.4% YoY

* * * * *

Executes “Global Footprint”, “Diversified End-Market” and “Twin Growth Engine” Strategies

Achieves Satisfactory Results with Strong Resilience


HONG KONG SAR – Media OutReach – 9 March 2023 – Impro Precision Industries Limited (“Impro ” or the “Group”) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity, and mission-critical components, today announced its annual results for the year ended 31 December 2022.

In 2022, the Group vigorously developed and recorded stable revenue growth in the aerospace, medical, energy, and diversified industrial end markets. The Group’s revenue for the year amounted to HK$4,354.7 million, representing an increase of 15.3% compared with last year. Profit attributable to shareholders of the Company was HK$582.0 million, an increase of 52.0% over 2021. Adjusted profit attributable to shareholders of the Company amounted to HK$649.1 million, a year-on-year increase of 53.7%, and adjusted basic earnings per share were 34.5 HK cents. In lieu of the distribution of the final dividend, the Group resolved to declare a second 2022 interim dividend of 8.0 HK cents per share. Together with the first 2022 interim dividend of 8.0 HK cents per share already paid, the dividend for the year amounted to 16.0 HK cents per share, representing an increase of 58.4% when compared with 10.1 HK cents per share last year.

During the year, revenue from the aerospace, medical, and energy end markets increased significantly by 53.6% to HK$515.8 million. The increase was mainly attributable to the recovery of the aerospace market following the lifting of quarantine restrictions for international visitors entering certain countries in Europe, the US, and Asia, as well as the Group’s efforts to jointly develop a large number of new SKUs with its customers in the aerospace end market over the past two years, which helped customers solve supply chain shortages. As a result, revenue from the aerospace business increased 52.8% year-on-year to HK$290.9 million. The medical end market benefited from increased demand for different medical equipment, driving its sales revenue up 32.1% to HK$152.4 million. Higher global energy prices and the Group’s acquisition of Foshan Ameriforge in August 2022 drove significant sales growth in the energy end market, with sales revenue climbing 141.7% year-on-year to HK$72.5 million.

The Group’s diversified industrial end markets also performed well, with revenue up 24.5% year-on-year to HK$2,139.4 million. In particular, increased investment in infrastructure projects and other economic stimulus policies introduced by the US government supported the demand for high horsepower engines, with revenue from this segment rising 38.1% year-on-year to HK$463.1 million. New product development and increased market share drove sales in the recreational boats and vehicles end market up 31.2% to HK$248.2 million. Revenue from the agricultural equipment end market increased by 29.1% to HK$353.3 million, while the commercial vehicle end market also benefited from growing demand in the US and Europe, driving its sales revenue up by 18.7% during the year.

Amid the complex and volatile business environment in 2022, lmpro’s visionary “Global Footprint”, “Diversified End­ Markets” and “Twin Growth Engine” strategies enabled it to combat geographical risks and effectively hedge against cycles and volatility in different end markets, resulting in considerable growth in business results during the year. The investment casting plant, the third plant at the Mexico SLP campus, officially commenced operation in November 2022. Together with the precision machining plant and sand casting plant, which began operation in 2021, the campus is increasingly crucial to the Group’s global production capacity. Construction and installation of machinery and equipment are also underway at the remaining aerospace component and surface treatment plants, which are expected to begin trial production and obtain aerospace system certification in 2023. In addition to optimizing its production footprint in Asia, Europe and the US, the Group also actively implemented its “Region for Region Manufacturing” and “Dual Source Production” strategies, which can effectively reduce potential supply chain and tariff risks faced by its customers due to geopolitics and continue to help the Group expand its market share in North America.

The gradual reopening of borders around the world last year and the significant relaxation of travel restrictions in the PRC in early 2023 point to a full recovery of the international aerospace market. The Group expects sales in the aerospace end market to continue to experience strong growth between 2023 and 2024. Amid the pandemic, the Group has been actively planning forward-looking deployment in the aerospace sector. It established the “Aerotek Business Unit” and completed the acquisition of Foshan Ameriforge Manufacturing Technology Co., Ltd which focuses on high-precision, high-complexity critical components for end markets such as commercial aircraft. These have allowed the Group to realize synergies with its existing businesses in areas such as sales network and supply chain management while consolidating its strengths in the aerospace end market.

The Group is also committed to deploying a diversified range of industrial end markets. Factors such as soaring global energy prices and increased infrastructure investment by the US government have supported strong growth in the high horsepower engine, agricultural equipment and construction equipment end markets. During the year, the Group acquired the hydraulic orbital motor business of Danfoss Jiangsu to further expand its hydraulic component and system business. In addition, with the increasingly stringent requirements for emission reduction in commercial vehicles in various countries and the future development of hydrogen energy commercial vehicles, the Group will be presented with ample market opportunities. Therefore, the Group will continue to concentrate its resources on the development of the commercial vehicle end market in order to reduce the impact of passenger vehicle electrification.

Looking ahead, despite the fading impact of COVID-19, the overall global economic environment, particularly in Europe and the US, will continue to face considerable downward pressure. Uncertainties such as high inflation and geopolitics will continue to affect macroeconomic growth, and the ongoing tight supply chains will continue to put considerable pressure on the Group. However, through the implementation of its “Global Footprint” and “Diversified End Markets” strategies, the Group has been able to effectively mitigate the impact of related risks. Coupled with the Mexico SLP campus, which has further strengthened the Group’s global production footprint, the Group remains cautiously optimistic about its business prospects. As of February 28, 2023, the Group’s total undelivered orders on hand for the next 12 months amounted to HK$3,980 million, an increase of 6.2% year-on-year. As the new acquisitions of the Group in 2022 are mainly from domestic customers, which have a different order cycle than overseas customers, which is, generally shorter, the management is still confident that the sales growth will be maintained in 2023.

Mr. Lu Ruibo, Chairman and Chief Executive Officer of Impro, said, “Looking ahead, the Group will continue to capitalise on its unique strengths of “Global Footprint” and “Diversified End-markets” by leveraging its global manufacturing and sales network in Asia, Europe and the United States, and will actively expand into aerospace area and diversified industrials end-market and respond to the cycles and volatility of the global market with unique and superior resilience. Meanwhile, the Group will continue to expand its production capacity and implement the strategy of “Twin Growth Engine”, as well as seek for suitable acquisition targets. The Group will continue to enhance its research and development capabilities and keep focusing on high-precision, high-complexity and mission critical components and hydraulic systems, in order to provide customers with high-quality, unique and globalized products and services, thereby continuously strengthening the Group’s leading position in the industry and securing sustainable value growth for our shareholders.”
Hashtag: #Impro

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

About Impro Precision Industries Limited (Stock Code: 1286)

Impro Precision Industries Limited was established in Wuxi, China in 1998 and its headquarters was moved to Hong Kong, China in 2011. It is a global top-ten manufacturer of high-precision, high-complexity and mission-critical casting, machined components and hydraulic orbital motors for diversified end markets. According to market research, Impro Precision was the world’s sixth-largest independent and China’s largest investment casting manufacturer and also the world’s fourth-largest precision machining company in the end markets of automotive, aerospace and hydraulics, each in terms of total revenue in 2021. The Group is also one of the few domestic suppliers offering one-stop solutions, including initial research and development, tooling design and manufacturing, casting, heat treatment, secondary machining and surface treatment. Impro Precision has established a global manufacturing layout and comprehensive service network. It has 21 production facilities in China, Germany, Turkey, the Czech Republic and Mexico, which are supported by 9 sales offices in China, the US, Luxembourg, Turkey, Germany, Mexico and Hong Kong, as well as warehousing capacities in China, North America, Luxembourg, Mexico, Germany and Turkey. Impro Precision has established long-term strategic cooperative relationships with a number of globally recognized industry leaders, selling its products in more than 30 countries and regions.

Laos Records Lowest Year-on-Year Trade Deficit of USD 13 Million in January

Freight containers on the Laos-China Railway.

The country reported a trade deficit of USD 13 million in January, the lowest figure recorded since last year.

Colgate and foodpanda join forces to unlock q-commerce accessibility for customers in Asia

Colgate and foodpanda have started a collaboration to expand customers’ access to Colgate products in more than 400 cities across 11 markets within Asia Pacific

SINGAPORE – Media OutReach – 9 March 2023 – Global home and personal care brand company Colgate-Palmolive (“Colgate”) today is bolstering its Asia Pacific (APAC) digital strategy and giving consumers across the region even greater access to its range of products with a three-year partnership with Asia’s largest delivery player[1], foodpanda. By leveraging foodpanda’s established quick commerce (q-commerce) capabilities, the worldwide leader in oral care aims to drive its leadership within the health and wellness space forward.

foodpanda staff at pandamart selecting items ordered by customers for delivery. Image attributable to foodpanda
foodpanda staff at pandamart selecting items ordered by customers for delivery.
Image attributable to foodpanda

The partnership follows prior successful collaborations which have shown a strong demand of Colgate’s core range of oral, personal and home care products on foodpanda via pandamart including the key markets of Singapore, Malaysia and Hong Kong, amongst others.

Expanding on-demand Colgate deliveries with foodpanda

Consumers are able to easily purchase a wide range of Colgate products on-demand and have them delivered within an hour anytime of the day through foodpanda, Asia’s largest q commerce player. Popular products purchased on the platform includes Colgate’s core range of products such as Colgate Toothpaste and Mouthwash, as well as products from personal care and home care brands like Palmolive, Ajax, Glo and Softlan.

In 2023, the partnership will focus on piloting commercial, marketing and advertising initiatives based on a core range of products across all markets. This partnership will not only allow Colgate to reach more customers and bring an extra convenience to them, but it will also provide the company with deeper insights into consumer purchasing habits to inform Colgate’s business and marketing efforts.

“Quick commerce is witnessing strong growth in Asia Pacific and we are confident that our partnership with foodpanda will enable us to better meet customers’ needs in a more efficient and effective way, having our products delivered right to their doorstep within minutes.” said M Chandrasekar, VP Customer Development, Colgate-Palmolive APAC. “Colgate-Palmolive’s digital commerce strategy has driven significant growth for our business and greater integration of q-commerce will further strengthen our leadership across the region.”

The demand for q-commerce in the Asia Pacific region has grown rapidly especially in the last few years. Customers have since gotten used to the convenience of q-commerce services. foodpanda has seen a rise in demand across product categories, with a steep increase of Health and Wellness products rising by 216 per cent in the first half of 2022 compared to the same period in 2021.

“As customers’ demands for on-demand deliveries continue to grow, we are committed to ensure that our offerings are in line with what our customers want. We are very excited to partner with a leading brand like Colgate to further support the daily needs of our customers,” said Julien Tessonneau, Senior Director of Q-Commerce at foodpanda. ” By coming on board pandamart, Colgate can leverage our robust q-commerce network and technology to enable even more convenience for customers.”


[1] Excluding China

Hashtag: #Colgate #foodpanda

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

About Colgate-Palmolive Company

Colgate-Palmolive Company is a caring, innovative growth company reimagining a healthier future for all people, their pets and our planet. Focused on Oral Care, Personal Care, Home Care and Pet Nutrition, they sell their products in more than 200 countries and territories under brands such as Colgate, Palmolive, elmex, hello, meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring, PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. We are recognized for our leadership and innovation in promoting sustainability and community well-being, including our achievements in decreasing plastic waste and promoting recyclability, saving water, conserving natural resources and improving children’s oral health through the Colgate Bright Smiles, Bright Futures program, which has reached more than 1.4 billion children since 1991. For more information about Colgate’s global business and how we are building a future to smile about, visit .

About foodpanda

foodpanda is a leading delivery platform in Asia dedicated to bringing consumers a wide range of food, groceries and more, quickly and conveniently. Powered by technology and operational excellence, foodpanda is spearheading the growth of quick-commerce (q-commerce) across the region with its network of retail partners, as well as pandamart cloud stores to provide more on-demand options beyond the millions of food delivery options. foodpanda operates in more than 400 cities across 11 markets in Asia – Singapore, Hong Kong, Thailand, Malaysia, Pakistan, Taiwan, Philippines, Bangladesh, Laos, Cambodia, and Myanmar.. foodpanda is a subsidiary of Delivery Hero, a global leader of the food delivery industry. For more information, visit

Epicor Drives Significant Cloud Adoption Across Asia

Key Investments and Customer Successes Underpin Growth in the Region

HONG KONG SAR – Media OutReach – 9 March 2023 – Epicor, a global leader of industry-specific enterprise software to promote business growth, today discussed significant momentum in customer cloud adoption in Asia for 2022 at the company’s 2023 Asia ReConnect Customer Day held in Kuala Lumpur, Malaysia.

Cloud adoption by Epicor customers across the region increased by more than 190 percent year-over-year in 2022, with businesses migrating or choosing to implement Epicor Kinetic in the cloud – a purpose-built, flexible, and scalable platform that helps manufacturers better compete and grow their businesses.

“Epicor customers in Asia prioritised cloud last year to take advantage of the security, flexibility and scalability that cloud delivers,” said Vincent Tang, Epicor Regional Vice President, Asia. “We’re also expanding in the region and making investments across markets including China, Indonesia, the Philippines, and Vietnam to help our customers modernise and future-proof their solutions, whilst benefitting from deep industry expertise and a company that understands its customers’ challenges.”

The customer day was also an opportunity to celebrate and award standout customers who have leveraged Epicor solutions to transform their businesses and bring about positive, innovative, and impactful outcomes.

The winners of the awards included:

Journey to the Cloud Excellence Award: Mobility Werk Advantech was recognized for taking the journey to the cloud to better automate processes and stay current with the latest technology to meet their smart factory objectives. With Epicor Kinetic in the cloud, they can more easily share data and connect with their customers and suppliers.

Business Transformation Excellence Award: Custom Molded Products transformed their business operations by implementing Epicor Kinetic and Epicor Advanced MES – which has supported their business in driving multiple operational efficiencies. Their molding rate has increased significantly, and their export sales revenue has nearly doubled.

Digital Transformation Excellence Award: Wise Ally Holdings took advantage of Epicor Kinetic to support the compliance, tracking and traceability requirements of medical and healthcare devices. They have been able to significantly speed up their quotation process through automation with less manual errors, supporting cost management and more accurate real-time financial reports.

Technology Innovation Excellence Award: Cat Thai has been using Epicor technology for 10 years and continues to adapt, evolve, and innovate to remain competitive in the market. Using Epicor Kinetic, they have strengthened their operational excellence and reduced planning versus production variance to almost zero.

Andy Coussins, Epicor Senior Vice President and Head of International Sales added, “Customer recognition is hugely important to Epicor, and it has been wonderful to celebrate these successes in person. Hearing our customers’ stories demonstrates how our solutions enable them to keep the world turning, even during challenging times. We thank our customers for their continued commitment to Epicor and look forward to helping them deliver future success.”

Hashtag: #Epicor

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

About Epicor

Epicor Software Corporation equips hard-working businesses with enterprise solutions that keep the world turning. For nearly 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to flexibly respond to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform, or simply become more productive and effective. Visit for more information.

Lao Man Commits Suicide in Thailand to Avoid Sexual Abuse Charges

Police officers and emergency services found the body of the Lao man on Tuesday. (Photo: tonneews).

A Lao man took his own life after assaulting his ex-wife and a young girl in Bang Sao Thong District, in the central province of Samut Prakan, Thailand on Tuesday.

Oscars 2023: raising the curtain on the recovery and risks in the entertainment industry

  • Allianz Global Corporate & Specialty (AGCS) has insured five of the 10 movies nominated in the Oscars’ Best Picture category this year
  • The recovery of the entertainment sector is well underway after the pandemic, but it is not immune to the current challenging economic environment
  • Health and safety protocols, crowd safety, more extreme weather and technology risks are key industry concerns while ESG has a growing influence.


SINGAPORE – Media OutReach – 9 March 2023 – With the Oscars taking place on March 12, all eyes are on the global entertainment industry. The glamour, revenues and audiences may all be returning post-pandemic, but the movie and live events business has yet to fully recover from the Covid crisis and is having to constantly evolve in a new environment driven by economic, technology and sustainability risk trends, according to insurer Allianz Global Corporate & Specialty (AGCS)’ new outlook for the sector. AGCS is a major player in the global entertainment insurance market and has insured five of the 10 movies nominated in the Oscars’ Best Picture category in 2023, continuing a long tradition of partnership with the film industry that goes back as far as the movies of Charlie Chaplin 100 years ago.

“The entertainment industry had a very positive year in 2022 and a welcome recovery is definitely underway, but we are not out of the woods yet,” says Michael Furtschegger, Global Head of Entertainment at AGCS. “In the three years since the coronavirus first hit the headlines, the world has changed. The sector must continue to evolve in line with new technologies, proliferating platforms, and seismic shifts in patterns of consumption, as well as changes in the public mood, particularly among younger generations.”

Despite the headwinds, consumers are heading back to their favorite entertainment venues or platforms in encouraging numbers. Global box office receipts hit $25.9bn in 2022, reports Gower Street Analytics, a 27% gain on 2021, but still 35% behind the average for the three years before the pandemic (2017 to 2019). Live music revenue is expected to exceed pre-pandemic levels in 2024, with digital music streaming subscriptions fueling growth in recorded music, where revenues are projected to reach $45.8bn in 2026, up from $36.1bn in 2021, according to PwC. Live theater is also staging a comeback with rising receipts and attendances, while the global sports industry is proving particularly resilient supported by media rights, sponsorship deals, and a calendar of fixed international events and tournaments.

The big picture
However, as with other industry sectors, the entertainment sector is not immune to economic trends such as rising costs or staff shortages. “Our entertainment clients are feeling the effects of inflation, with increased production and live-event costs.,” Furtschegger explains. “Staffing costs have risen following the skills shortage that occurred in the wake of the pandemic when many left the industry. Venues are scarcer than they were because there are still many shows postponed from the pandemic that need to take place in addition to new events and festivals. Bigger events may be thriving, but smaller events are more challenged by factors such as venue, transportation, and energy costs. We expect to see more consolidation in the industry, with smaller, struggling production companies and venues being bought by larger operators.”

Quality not quantity
Technology has lowered the barriers to entry for content creators, when almost anyone can upload to TikTok, YouTube or Instagram, while at the other end of the scale, the major studios and tech businesses are launching their own platforms. The sheer volume of content that is now being created and distributed makes quality a key differentiator in a crowded market.

“We see a move towards quality in film production, but this doesn’t come cheap,” says Wanda Phillips, Head of North America Entertainment Insurance at AGCS. “Businesses need to know they have sufficient insurance cover for sophisticated productions. Where costs increase, so, too do exposures because the costs are higher with each day of shooting, and this could be reflected in any insurance loss.”

Getting vigilant about sustainability
There is a growing influence of ESG, or environmental, social, and governance issues on the sector. This year’s Oscars ceremony will see green dresses on the red carpet as the Academy encourages a more responsible approach to awards-season fashion. In live events, British band Coldplay has pledged to halve the carbon emissions associated with its current ‘Music of the Spheres’ world tour, compared to 2016-2017, and has made a raft of sustainable commitments, including paying a surcharge for aviation fuel, sourcing ethical, sustainable merchandise, and planting a tree for every ticket sold.

“Younger generations are particularly concerned about sustainability, and festival organizers are responding to this,” says Furtschegger. “More and more entertainment organizations are committing themselves to sustainability targets to reduce the emissions associated with live tours.”

The virtual future
With streaming now fundamental to the entertainment and media landscape, virtual conferences are a particular growth area. The global virtual events market was valued at over $114bn in 2021 and is expected to grow at a CAGR of 21.4% from 2022 to 2030. Even without a live audience, virtual conferences still carry risks, including transmission failure because of a weather event or natural catastrophe, fire affecting the broadcast unit, or network issues impacting broadcasting infrastructure. Rented equipment and studio space can also be vulnerable to property and casualty liabilities.

Reality and live content are also continuing to grow, facilitated by on-demand services and social media platforms. Virtual reality (VR) is the fastest-growing entertainment and media segment, reports PwC, with global VR growth between 2021 and 2026 expected to bring the segment to $7.6bn. Gaming is forecast to be 85% of total VR revenue by 2026.

“As the worlds of gaming, music and entertainment continue to converge, gaming platforms such as Fortnite and Roblox are increasingly serving as entertainment and social hubs, while gaming content is crossing over to social media and streaming platforms,” says Furtschegger. HBO debuted ‘The Last of Us’, a video-game adaptation set in a post-apocalyptic world, in January 2023 to critical acclaim. Meanwhile, video games continue to develop as a spectator sport, with the total number of esports viewers worldwide possibly exceeding 640 million by 2025 according to a recent report.

Emerging risks on the scene
Health and safety protocols, particularly in the event of future pandemics, increasing weather hazards and crowd safety are some of the key risk concerns that the entertainment industry needs to monitor closely. “The Covid crisis and the recent tragic shooting incident on a film set have shown that the industry needs to remain vigilant about its health and safety protocols,” says Furtschegger. Climate change is another cause for concern. “We’re seeing more abnormal weather-related events – heavy storms and flooding in Europe and bushfires in California, for example. These inevitably cause havoc for live events, both in terms of cancellation exposure but also damages and human safety.”

“Crowds have always carried inherent risks,” adds Kurt Miner, Managing Director, Entertainment, at Allianz Risk Consulting, North America. “Event organizers are now better able to monitor large groups of people and keep them safe, as well as artists, with the use of real-time video monitoring. Safety experts can remotely monitor two or three events, which could each be taking place over 15 acres or more, spotting risks concerns such as blocked exits or damaged barriers. They can also monitor social media to pre-empt gate-rushing and prevent stampedes, sending a security contingent to the location before the situation gets out of hand.” Slips and falls are the most common cause of claims from live-event policies, so organizers should ensure medical staff and transport to local medical facilities are on site.

Hashtag: #AGCS #BusinessInsurance #Oscars2023 #Allianz

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

About Allianz Global Corporate & Specialty

is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide , and for a wide spectrum of commercial, corporate and specialty risks across nine and .

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses. Among them are not only the world’s largest consumer brands, financial institutions, tech companies and the global aviation and shipping industry, but also floating wind farms or Hollywood film productions. They all look to AGCS for smart solutions to, and for, their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding .

Worldwide, AGCS operates with its own teams in and through the Allianz Group network and partners in over 200 countries and territories, employing around 4,200 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable . In 2021, AGCS generated a total of €11.2. billion gross premium globally.

For more information please visit our website

Top PH FinTech GCash banners financial inclusion story at Mobile World Congress

MANILA, PHILIPPINES – Media OutReach – 9 March 2023 – GCash president and CEO Martha Sazon bannered the top Philippine e-wallet’s financial inclusion story at a keynote speech for the Mobile World Congress (MWC) in Barcelona.

Before a global audience of industry leaders, Sazon highlighted that, “GCash is now a National Champion that helps transform a nation, and gives hope to many Filipinos. Powered by game-changing innovation, and driven by a burning platform.”

The leading e-wallet and financial services app in the Philippines has been aggressively launching innovations aimed at making its vision of Finance for All a reality.

“GCash is an everyday super app: for payments and transfers; fair lending for all; affordable investments; accessible insurance; empowering a green and digital lifestyle– all of these are anchored on customer’s needs, with them as our north star for all our innovations,” said Sazon.

She shared how the e-wallet has become ubiquitous in the Philippines with over 76 million registered users, evolving into a verb for many, “‘i-GCash mo na yan!’ translating to ‘Just pay with GCash!'”. GCash is the first and only duacorn in the Philippines and, “one of the very few financially sustainable fintechs in the world.”

Likewise, the platform’s net promoter score (NPS), a gauge measuring customer experience and predicts business growth has been best in class at 83.9%, surpassing globally loved brands.

Sazon culminated the session following separate presentations from Tjodolf Sommestad, president of Candy Crush mobile game developer King and Lauren Kunze, CEO of conversational AI developer Iconiq.

GCash, along with its parent the Globe Group, represented the Philippines at the MWC in Barcelona, as they showcased how the tech conglomerate has been leading progress and innovation in the Southeast Asian nation.

Hosted by GSM Association, a global organization unifying the mobile ecosystem, the MWC is the world’s largest and most influential exhibition for the connectivity industry.

According to GSMA, this year’s theme, Velocity, highlighted five key discussions on 5G acceleration, Reality+, OpenNet, FinTech, and Digital Everything.

This is the second in-person MWC since the event was canceled during the pandemic. The annual gathering reached a record 109,000 attendees in 2019 while this year saw total attendees of 88,500.

Hashtag: #GCash

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