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Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2022

HONG KONG SAR – Media OutReach – 9 August 2022 –

2022 Interim Results – Financial Highlights

(Figures for the corresponding period in 2021 are shown in brackets)

  • Consolidated revenue: HK$ 271 million (HK$ 212 million)
  • Consolidated operating loss: HK$ 108 million (HK$ 209 million)
  • Consolidated net loss attributable to equity holders of the Company: HK$ 336 million (HK$ 417 million)
  • Basic loss per share: 16.49 HK cents (22.55 HK cents)
  • No interim dividend (No interim dividend)

Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) announced its interim results for the six months ended June 30, 2022.

The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 271 million, compared to HK$ 212 million for the corresponding period of 2021.

The Group’s consolidated loss attributable to equity holders of the Company for the first six months of 2022 totalled HK$336 million, compared to a net loss of HK$417 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2022 was 16.49 Hong Kong cents, compared to a loss per share of 22.55 Hong Kong cents for the corresponding period of 2021.

The Board of Directors did not declare an interim dividend for the first half of 2022.

The first half of 2022 saw travel restrictions lifted progressively in some countries. However, certain pandemic related restrictions remained in place in Japan, where we operate business. The occupancy rate of Park Hyatt Niseko, Hanazono remained low, impacted by the restriction on international travelers under COVID-19, whereas its performance has improved year-on-year. We have been cautious and reinforced efforts in managing costs at the operational level while keeping the utmost service standard.

In South East Asia, Pacific Century Place, Jakarta, our premium commercial property located in Indonesia, has maintained a stable performance and continued to be a revenue driver of the Group. As at June 30, 2022, the office space occupancy was at 80 per cent. In Phang Nga, Thailand, though the golf clubhouse and the 18-hole golf course commenced operations in August 2021, the number of visitors and golf rounds remained low given the reduced international visitor numbers as a result of COVID-19 in the first half of 2022. The handover of completed villas and inspection with owners have progressed well since December last year.

In respect of our property development project at 3-6 Glenealy, Central, Hong Kong, foundation works are in progress.

Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “Amid the growing concerns of high inflation, interest rate hikes, geo-political conflict and potential global recession, the global economic outlook for 2022 is uncertain. Despite the uncertainties ahead, we remain cautiously optimistic on the long-term future of the real estate segment in Hong Kong, Japan, Thailand and Indonesia. We will continue to adopt a prudent approach to optimize our resources and business strategies.”

Hashtag: #PacificCenturyPremiumDevelopments #PCPD

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

About PCPD

Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.

OPPO to launch all-new ColorOS 13 based on Android 13 on Aug 18th

SHENZHEN, CHINA – Media OutReach – 9 August 2022 – OPPO unveiled the date of the online launch event for its latest mobile operating system, ColorOS 13 today. It will be one of the first OEM operating systems based on Android 13 to be launched.

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ColorOS 13 – Among one of the firsts of OEM operating system based on Android 13

OPPO has been working closely with Android to deliver the best possible operating system experience on ColorOS. Back at Google I/O in May, OPPO announced that the OPPO Find N and OPPO Find X5 Pro would be among the first smartphones worldwide to receive the Android 13 beta update. ColorOS 13 integrates with Android 13’s underlying safety and privacy features, and provides customization features similar to Google’s Material You.

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ColorOS 13 Global Launch Event-Aug 18, 2022 7:00 PM GMT+8

ColorOS 13 includes a range of new smart features developed by OPPO that are tailored to deliver the best experience with large displays, provide seamless interconnectivity between multiple devices, and enhance productivity and efficiency. A brand-new design will also be introduced on the OS to deliver a concise, comfortable, and smooth Android experience.

For more information about ColorOS 13, please join the ColorOS Official Launch Event on YouTube and Twitter at 7:00 PM GMT+8 on August 18th.

Hashtag: #OPPO

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first mobile phone – “Smiley Face” – in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world.

About ColorOS
ColorOS is a highly customized, efficient, intelligent, and richly designed Android-based mobile OS from OPPO. With over 500 million global monthly active users, ColorOS supports 67 languages, including English, Hindi, Thai, and Indonesian.

Officials in Sekong Province Warn of Vietnamese Dam Release

Xe Khong bridge in 2019.

The residents of Sekong have been advised to prepare for changes in water levels in the Xe Khong River due to the release of a dam in Vietnam from 8 to 11 August .

DYXnet Wins Taiwan Excellent Enterprise Quality Award

Another recognition for its outstanding performance

HONG KONG SAR – Media OutReach – 9 August 2022 – DYXnet, a leading carrier-neutral network service provider in Greater China, is honored to be named the winner of Taiwan Excellent Enterprise Quality Award in 2022 presented by Chinese Quality Enterprise Economic Development Association. With its outstanding service quality and performance, it was the second recognition DYXnet received in Taiwan this year, following “The 21st Golden Peak Award – Top 10 Outstanding Enterprise of the Year”.

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DYXnet is awarded Taiwan Excellent Enterprise Quality Award 2022

The Taiwan Excellent Enterprise Quality Award aims to enhance Taiwan’s enterprise brand image to fuel innovation and transformation, facilitate a high-level of competitiveness, and recognize outstanding companies. The award judging criteria is based on business philosophy, business performance, customer management, social responsibility and professional recognition. Receiving this award has signified DYXnet’s commitment to deliver unprecedented business values for its customers, and the effort to pursue innovations.

Over the past 2 decades, DYXnet strives to deliver excellence enterprise network services to its customers in Greater China, and has been recognized by numerous professional organizations and customers for its outstanding service quality. With the diverse network and cloud solutions, DYXnet helps customer to realize the value in cloud transformation, enabling them to improve business growth despite the boundaries created by the pandemics. By providing a wide range of high-quality services and solutions, DYXnet has become the solid foundation for enterprises to jumpstart their digital journey.

Hashtag: #DYXnet

About DYXnet

DYXnet, a wholly-owned subsidiary of VNET Group (NASDAQ: VNET), is a leading carrier-neutral network service provider in Greater China with over 20 years of solid experience. As a NASDAQ-listed company and leading carrier-neutral Internet data center and hybrid cloud services provider in China, VNET has gone further by forming a new sub-brand “NEOLINK” in April 2021, which integrated DYXnet with its five product lines including Data Center, Network Products, Hybrid Cloud, Bare Metal and O&M Management Services in providing a suite of diverse solutions for customers in achieving full-cycle digital transformation. We work towards a common goal of delivering innovative solutions with the foresight to identify the evolving needs of our customers and communities.

DYXnet has empowered enterprises to drive business growth with ICT innovations and is committed to provide solutions for our customers through disruptive technologies and services including enterprise network solutions like MPLS and SD-WAN, cloud solutions and data centre services.

We strive to strengthen our dominant position in Hong Kong and the Asia Pacific region. Among the first ICT service providers in the region to have obtained ISO certifications including ISO/IEC 27001, ISO/IEC 20000 1, and ISO 9001, we are also one of the first official members of the China Cross border Data Telecommunications Industry Alliance and one of the first SD-WAN service standard drafting units.

For more information about DYXnet, please visit .

Passengers Confused by Laos-China Railway Stance on Standing Tickets

Passengers at Vientiane station waiting for the gate to open to purchase train tickets.

Laos-China Railway passengers are confused by a poll on social media regarding the potential sale of standing tickets, however, the railway has now responded by adding more routes and declining to sell the unpopular standing tickets.

Lao Government Approves Tax Reduction on Diesel for Farmers

A farmer in Bolikhamxay Province plowing a rice paddy.

The Government of Laos has agreed to abolish the excise tax on diesel, which was previously levied at 15%, in an effort to reduce the retail price of fuel and lessen the impact of high energy prices on farmers.

uFinance launches the first “Lowest Interest Rate Guarantee” University Tuition Fee Loan in Hong Kong

HONG KONG SAR – Media OutReach – 9 August 2022 – Following the summer holidays, the school year is just around the corner. The main challenge for university students at this time is to prepare for the big tuition fees. The 12-year free education in Hong Kong only covers the primary and secondary levels. After entering tertiary institutions, students have to pay their own tuition fees, which can be costly for students of modest means. If they need financial assistance or loans to pay for their tuition fees, the preferred method for many students is to apply for the Tertiary Student Finance Scheme – Publicly-funded Programmes (“Grant Loan”) and the Non-means-tested Loan Scheme for Full-time Tertiary Students (“Non means”) of the Working Family and Student Financial Assistance Agency. However, there are complicated procedures involved in applying for tuition fees such as Grant Loans, and students who fail to apply for financial assistance or loans provided by WFSFAA in a timely manner may also be required to pay additional penalties for failure to pay tuition fees on time. To solve the problem of tuition fee payment, uFinance has launched the “University Student Tuition Fee Loan” to provide the most suitable financial support for university students. All students need to do is provide three documents and register for the loan online. Students can also choose to repay the remaining principal amount at any time after receiving the government assistance without paying any service charge.

Features of the uFinance Tuition Fee Loan for University Students

1) The first ” Lowest Interest Guarantee ” in Hong Kong
uFinance offers Hong Kong university students a low-interest university tuition fee loan of HKD$21,050 at the best interest rate in the Hong Kong market (6% p.a.), spread over 6 to 48 months, with an average monthly interest rate of HKD$56.7.

2) Easy application process
Applicants can simply fill in the online form and upload 3 documents (ID card, student card and tuition fee statement) to complete the application process. After successful application, students can also choose to sign the contract online and pay off the tuition fees to solve their financial difficulties.

3) No service charge for immediate repayment
Students can choose to repay their loan in different lengths of time from 6 to 48 months, and they can also repay the loan in advance if they wish. uFinance does not charge any service fees and there are no hidden charges.

4) Paying tuition fees for students
uFinance understands that students may have an urgent need for a loan to pay their tuition fees. uFinance can complete the approval process as soon as three documents are submitted, and the money will be deposited directly into the school account without the need to pass through the loan, so that students can pay their tuition fees as soon as possible.

Case Sharing of University Student Tuition Fee Loan

As he was unable to obtain financial assistance from the WFSFAA in time for the start of his studies, Chan chose to apply for a tuition fee loan from uFinance to pay the Semester 1 tuition fee (HKD$21,050). He opted for the 48 instalment loan plan and only had to repay about HKD$494 per month afterwards, which was a relatively low financial burden. Two months after the start of the academic year, Chan passed the financial assessment by the SFAA and received the loan, so he chose to pay off the uFinance loan early. At this point, Chan only had to repay the remaining principal without paying extra interests and penalty charged by the school. uFinance hopes that the tuition fee loan will reduce the impact of not paying tuition fees on time, and allow students to get through their four-year university career with less financial stress.

uFinance Student Loans – making campus life better for students

Besides tuition fee loans, students can also apply for student loans. Different from tuition fee loans, students can apply for student loans directly to their student bank accounts, which can be used for Hall fees, exchange fees, computer purchases or even FYP without any restrictions. This allows non-degree tertiary students to enjoy a stress-free campus life.

Information Loan Platform for Tertiary Students – Preparing yourself for the challenges of society

As well as helping students with their financial burden during their studies, uFinance hopes that students will be able to access insightful information on their platform that will help them for their future life planning, such as internship recruitments, lifestyle tips and financial management knowledge. uFinance believes that the tertiary life will have a great impact on students’ future development, and therefore hopes that students will be well-equipped for the challenges ahead before entering the society.

Moreover, uFinance hopes that students can enjoy their campus life without being constrained by financial pressure. Therefore, uFinance offers campus sponsorship throughout the year, providing products and financial support to various institutions and societies so that students do not have to worry about money when organising different activities such as Ocamp, Oday and Welfare Week.

Please click here to download HD images

Hashtag: #uFinance #StudentLoan #UniversityStudent

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

About uFinance

uFinance Hong Kong Limited (“uFinance”) was established in 2018 to provide the most suitable financial support for tertiary students in Hong Kong, enabling them to manage their own finances and take advantage of every learning opportunity. Compared to traditional financial institutions, uFinance does not require income proof as an approval criterion, nor does it require students to provide proof of address. Students are required to upload 2 documents (ID card and student car) to apply for the offered by uFinance. Since its inception, uFinance has served more than 10,000 students and has worked with over 200 societies from tertiary institutions.

Beyond financial support, uFinance also provides a one-stop information platform for tertiary students, including information on job hunting, internships, sponsorship and further studies, so that they can have a solid foundation to face different challenges before starting their careers. uFinance, Right After You!

For more information, please visit the uFinance website:

LaoSafe Launches Destination Video

VIENTIANE, LAOS – Media OutReach – 9 August 2022 – LaoSafe has launched a new video showcasing the wonders of Laos as the country works on their post-Covid-19 revival of tourism.

Exploring several of Laos’ most popular tourist hotspots, the video highlights the benefits of the LaoSafe certification to business, leisure, and adventure travellers alike. Restaurants, hotels, indoor and outdoor activities are all featured in the video, alongside the expertise of LaoSafe-certified tourism professionals.

Implemented by the Ministry of Information, Culture and Tourism, and approved by the Ministry of Health, LaoSafe is a nationwide initiative designed to create a world-class health and hygiene system within the tourism and hospitality industry. Sector-specific standards have been developed for accommodation, food and beverage, tour guides, and drivers, to raise the benchmark of hygiene provision throughout the country and build international confidence in the Laos as a safe tourist destination.

To further this goal, LaoSafe has launched this English-language destination video highlighting the range of tourist experiences in Laos while focussing on the skills, knowledge, and contemporary hygiene practices of the tour guides, drivers, and service professionals who deliver them.

Set against the backdrop of Laos’ stunning scenery and cultural heritage, the video follows a couple as they journey through some of the most popular attractions of this singular destination; a morning workout in a luxury 5-star gym, the tranquillity of a visit to the Buddhist temples, the adventure of zip lining and kayaking through karst rock formations, and, finally, relaxation with a cup of freshly brewed Lao coffee in nature.

At each stage of the trip, they are greeted and guided by certified staff following LaoSafe protocols, including offering face masks and hand sanitiser, practicing thorough cleaning techniques, wearing personal protective equipment, and encouraging visitors to undergo temperature checks.

The video ends with the slogan “You’re Safe Here”, a motto that underscores the overriding goal of the LaoSafe initiative.

“The LaoSafe certification program has been instrumental in restoring confidence in the Lao tourism sector among visitors. This video allows the sector to build awareness and increase certification efforts beyond Vientiane Capital and Luang Prabang,” said Mme Darany Phommavongsa, Director General of the Tourism Management Department, under the Ministry of Information, Culture and Tourism.

Regarding the launch of the video, Mme Darany Phommavongsa said, “This destination video is an important contribution to ensuring visitors are aware not only of the safety measures and guidelines in place by the LaoSafe program, but also serves to showcase the beautiful tourism sites that Laos has to offer.”

“We will continue to build on the momentum of the LaoSafe initiative to ensure that Laos remains a safe and clean country that is attractive for both foreign and domestic visitors in line with the government’s green growth and sustainable development goals,” she added.

The LaoSafe program is supported by the Skills for Tourism Project (LAO/029), which is co-financed by the governments of the Lao PDR, the Grand Duchy of Luxembourg and Switzerland, and implemented by the Ministry of Education and Sports of the Lao PDR and LuxDev, the Luxembourg Development Cooperation Agency.

For further information, visit https://laosafe.gov.la/

For all media enquiries, additional comment and request for interview please contact media@laosafe.gov.la

Hashtag: #LaoSafe