30.3 C
Vientiane
Thursday, June 5, 2025
spot_img
Home Blog Page 2360

90% of Employers Prefer to Hire Graduates Based on Real Work Experience Rather Than Education Background

New Incubation Program Held by Hong Kong Nang Yan College of Higher Education Aims to Help Students “Win at the Starting Line”

HONG KONG SAR – Media OutReach – 12 July 2022 – The economy decreased due to economic strain during the pandemic. Additionally, the number of people with a bachelor’s degree from college or university increased drastically, which may result in having more difficulties in pursuing a career. According to the recent data shown in Note 1 and provided by the Education Grants Committee, the unemployment rate of university graduates in 2021 was 2.9%, which hit a new high in the past 11 years. To learn about the job-hunting status quo of local graduates, Hong Kong Nang Yan College of Higher Education entrusted the market research company, Hong Kong Healthcare Market Research and Consulting Ltd. to carry out market research. In this way, they can understand the reason behind this questionnaire, “Employers Choice of the Local Graduates”, and their opinion on the Incubation Lifelong Learning Scheme.

90% of Employees Value “Internship Experience” Rather Than “Academic Background”

Hong Kong Healthcare Market Research and Consulting Ltd. conducted a market survey in June 2022 asking for the opinion of different enterprises. They interviewed employers and asked them about their opinion on local graduates and what are job requirements. In the end they received 109 “Employers Choice of Local Graduates” effective questionnaires According to the questionnaire results found in Note 2, we found that nearly 70% (68.8%) of employers have confirmed that they may consider hiring a new graduate in the second half of the year. Nearly 90% (89.9%) of respondents have confirmed that they might consider hiring a recent college graduate with relevant work experience even though the graduate may not have a degree relevant to job requirements.

In terms of considering hiring recent college graduates, employers have set priorities in job competency. They think the graduates should have the following competencies: “IT application know-how and prospect” (81.6%), “relevant internship experience” (62.4%), and “candidates should have studied relevant subjects” (60.5%). Over half (57.3%) of employers who hired graduates said they were satisfied with their overall job performance. In addition, 59.6% of employers believe that graduates should “quickly absorb knowledge or skills at work” and 56.2% of employers think graduates should “have strong IT skills”. Moon Wong, Director at Hong Kong Healthcare Market Research and Consulting Ltd. said “graduates still have many chances to find a job during the pandemic even though the economy has decreased and the employment market is under pressure. Compared to academic background and achievements, employers value work experience even more. If students have similar work experience, chances are they are more likely to get hired.”

Hong Kong Nang Yan College of Higher Education’s New Program Enables Students to Find a Job After Graduation

Hong Kong Nang Yan College of Higher Education realized the local market demand for college graduates and its expectation. It proposed the Incubation Lifelong Learning Scheme, allowing students to learn in the real world so that they are equipped with professional skills and can be more competitive. Prof. Wong, Kwok Shing Thomas, Acting Principal Professor at the Hong Kong Nang Yan College of Higher Education said, “ILLS allows students to learn from theory and practice at the same time by putting what they’ve learned into practice.”

ILLS gives students a chance to get involved with the industry they may be interested in. Under the instruction of mentors, students can learn the job properties, operational situations, and prospects. In addition, it may inspire students to develop creative thinking and potential. It creates a learning platform for students to put learning into practice. Meanwhile, the program will invite some specialists who can lend a hand to join the institution and save resources. It also allows current employees at the institution to learn something because “In teaching others we teach ourselves.” In this way, we can promote a culture of self-directed lifelong learning where everyone in the institution can take social responsibility and have an influence on people so that the overall brand image can be improved. We’ve already invited several institutions to join this program. In the future, we welcome more enterprises or institutions to support and join us.

1 Profession, 2 Skills, 3 Experience, and 4 Immeasurables

Prof. Tse, Heung Wing Ricky, the Dean of the College of Liberal Arts at the Hong Kong Nang Yan College of Higher Education said the program can bring the following: “1 Profession, 2 Skills, 3 Experiences, and 4 Immeasurables”. Among them, “1 Profession” means the professional courses available at the Hong Kong Nang Yan College of Higher Education as specified in Appendix 1, including the Diploma in Foundation Studies for Higher Education. It helps students to lay the groundwork for generic skills while absorbing specialized knowledge. Next, the Higher Diploma in Health Management in an Ageing Society (HDHMAS) allows students to have a chance to apply theories and put them into practice after learning from professional instructors. The Chinese Studies Bachelor of Arts (Honors) offers courses that teach students to learn from history to look into the future. We’ve invited several famous sinologists to our school to teach students, which helps them build a foundation for language and academic studies. The Bachelor of Social Work (Honors) emphasizes community practices so that students can put themselves in someone else’s shoes, and learn about social problems. In addition, the Nursing Council of Hong Kong will run an assessment on the Bachelor of Science in Nursing (Honors) courses. Hopefully, we can open courses soon. “2 Skills” means that students are required to acquire credits from elective courses in other specialized disciplines such as Health-Related Physical Fitness, Fashion Design, Chinese and Chinese Culture, Buddhism, Cosmetic Surgery, Digital Marketing, Creative Media, Consultancy, and other disciplines in addition to professional courses. This can improve cross-disciplinary generic skills to deal with diversity and enhance competitiveness for employment. “3 Experiences” means except for experiencing the selected professional courses and the group specialized subjects, students can gain valuable work experience from the “Incubation Lifelong Learning Scheme” and develop practical skills at the workplace under the instruction of “the master”. “4 Immeasurables” means the College values the four kindnesses of “Love, Compassion, Joy, and Equanimity”, and works hard to develop the right understanding in students. It allows them to inherit the cultural essence and learn peace and happiness in life, which can reveal the wisdom of realization of self-nature.

The Program Gains Corporate Support: 80% of Employers Will First Consider Hiring Participating Students

As for employers’ opinions on the “Incubation Lifelong Learning Scheme”, we found that based on this survey result, more than half (56%) of employers are interested in becoming one of the ILLS members. Employers think the program can fully leverage a company’s corporate social responsibility (CSR) (47.7%), which can enable the culture of lifelong self-learning (39.4%) and enhance corporate image (38.5%). The survey also showed that roughly 80% (77.1%) of employers pointed out that students who joined this program will be more likely to be hired. The social enterprise owner of Woopie Social Enterprises Limited, Mr. Chan Chi-yuk, Kenneth and Chairman & CEO at Hong Kong Medical Consultants, Prof. Tsang, Wah Tak, both agreed that they accept the survey results. They tend to hire graduates with internship experience and will support the Hong Kong Nang Yan College of Higher Education to promote the Incubation Lifelong Learning Scheme. They think it’s crucial to introduce this program to talent cultivation in Hong Kong, and hope that they can help graduates successfully find the job they want in the job market through this platform.

Hashtag: #HongKongHealthcareMarketResearch

Hang Seng Optimises Digital Business Banking Services To Help Enterprises Seize Opportunities In The Economic Rebound

HONG KONG SAR – Media OutReach – 12 July 2022 – Hang Seng Bank offers diversified commercial banking service solutions to meet the needs of Small and Medium Enterprises (SMEs) at different stages in Hong Kong. The global business environment changes rapidly under fluctuating pandemic situation and Hang Seng has been optimising digital business banking services to allow enterprises to maintain efficiency in a competitive market, while focusing on their business expansion. Hang Seng Commercial Banking introduced over 250 digital innovations and enhancements in the previous year. The number of customers using digital banking services has increased significantly by around 120%, while digital channel transactions have seen a double-digit growth.

Mr Donald Lam, Head of Commercial Banking of Hang Seng Bank said that as digitalisation is gaining popularity among SMEs, Hang Seng has stepped up its Digital Business Banking services to help customers handle their financial matters from anywhere at any time.

Mr Donald Lam, Head of Commercial Banking of Hang Seng Bank said that as digitalisation is gaining popularity among SMEs, Hang Seng has stepped up its Digital Business Banking services to help customers handle their financial matters from anywhere at any time.

As part of Hang Seng Commercial Banking’s ongoing customer-centric initiatives, it has expanded its Remote Account Opening Service and launched online loan application platform with an e-Sign function. The enhanced service also supports companies that have a maximum of five ‘connected parties’, which frees customers from the need to visit a branch to carry out in-person signing to complete the account and loan application, enabling a truly online journey for both services which are essential to businessmen.

Mr Donald Lam, Head of Commercial Banking of Hang Seng Bank, said, “As digitalisation is gaining popularity among SMEs, Hang Seng has stepped up its digital business banking services for customers to better utilize their funds and resources and handle their business needs from anywhere at any time. To further promote digital business banking services and help customers expand their business, we have launched a series of limited time offers on digital business banking services and invited Mr Sham Kaki, a rising local actor, to perform humorous video pitches to bring the services to life. By leveraging Kaki’s young image and his personal entrepreneurial experience, the promotions hope to resonate with SMEs and show that Hang Seng has been striving to uplift their banking experience and wishes to enhance their efficiency to seize opportunities brought by the economic recovery.”

Mr Sham Kaki is one of Hang Seng Bank’s commercial customers. In the series of advertising specials, he acts to mimic a businessmen’s life in encountering various challenges when doing business. The videos also cover the four major pain points of the financial management of SMEs, including methods to collect payment and track remittance seamlessly, using cheque deposit services and managing the operating expenses. For details, please visit youtube.com/HangSengCommercialBanking.

Mr Sham Kaki said, “As a SME owner, we have to carry out everything ourselves and deal with all sort of matters. Therefore, an all-rounded e-Banking service really helps us a lot! Other than making payment easier, we can also check the remittances status instantly in real time manner, also, the seamless collection services help a lot in reducing the number of drop off rate across platforms and simplifies the procedures. I can now focus more on the development of performing arts and my company business at the same time.”

In addition to digital enhancement, Hang Seng combines innovation with human touch to provide customers with comprehensive and personalised banking service support through online and offline channels. Hang Seng offers a 24-hour service hotline and Live Chat for support. Online webinars are also held regularly to enhance customers’ experience of using “e- Banking” services, in which customers are able to enjoy both digital and the physical banking services.

Hang Seng’s diversified digital solutions, helping Commercial Banking customers to have their business LEVEL UP

From 13 July 2022 until 30 September 2022, Hang Seng launches a series of limited time offers on digital business banking services. Online transactions may save up to 55% in handling fees, and the offers are valued up to HKD36,888, assisting SMEs expand their business. Limited time offers include:

Account Opening Offers

Virtual+ Account Opening Offers
  • 50% off account opening administrative fee
  • First 24-month fee waiver on Monthly Fee, without maintaining the Total Relationship Balance.

Other Limited Time Offers includes:

Digital Business Banking Services Limited Time Offers
24/7 instant cheque deposit using mobile phones

Hang Seng launches first-in-market Mobile Cheque Deposit service in Hong Kong, which allows customers to deposit cheques from anywhere at any time via mobile phones, without physically visiting a branch.

Since its launch in March this year, the service has been very popular with customers. Some customers reported that the service is time-saving and convenient, especially during the pandemic. Cheques can be easily deposited by capturing image via Hang Seng Business Mobile App at your fingertip.

  • Successfully deposit 30 cheques or more within the Promotion Period via the Hang Seng Business Mobile App to join the lucky draw for a chance of winning a 6% p.a. HKD 1-week preferential new fund time deposit interest rate!
SME all-rounded collection solution to seize opportunities of the Consumption Voucher Scheme

The Consumption Voucher Scheme provides opportunities to merchants. The 2022 (Phase 2) Consumption Voucher Scheme will be issued on 7 August 2022. To embrace the opportunity of the consumer voucher, Hang Seng and QF Pay specially provide “SME All-rounded Collection Solution” and exclusive offers. Merchants do not need to purchase or use any extra payment collection device to complete transactions. Customers can simply scan QR Code or click Payment link to pay instantly. A variety of payment options are available to support varies e-wallets including FPS, WeChat Pay, ALIPAY HK and Tap & Go for seamless online payment collection to minimize the drop off rate.

  • Exclusive offers for Hang Seng Commercial Customers provided by Hang Seng and QF Pay worth up to HKD19,000, including:
  • Discount on setup fee, transaction fee and annual fee (Up to HKD15,400)
  • HKD600 Cash Rebate for the first 300 customers who use Offline QR Code Collection to complete payment collection
  • HKD1,000 Cash Rebate for the first 300 customers who use Online Payment Link Collection to complete payment collection
  • Up to HKD300 handling fee rebate for the first 30 outward FPS transactions. Offline QR Code Collection Customers can get a limited-edition souvenir. Available while stock last.

HKD Commercial World Mastercard Virtual Card Service

Enhanced authorization control and streamline account reconciliation

To allow customers to easily manage business expenses, Hang Seng Business World Mastercard introduced a virtual card service for “Business-to-Business (B2B)” payment transactions, such as e-commerce industry or SMEs that need to advertise on social platforms from time to time promoting their business. They can create virtual cards at any time through the online expense management platform, assign different card numbers and transaction limit for each project, and do not need to disclose physical card information during online transactions, making payments safer and smoother reconciliation!

  • 50% off set up fee^ for Virtual Card Service
  • Successfully apply for Commercial World Mastercard to enjoy:

– $400 Cash Dollar rebate
– 2-year annual fee waiver

  • 2.8% unlimited rebate* for foreign currency online spending at the designated overseas registered merchants

^ The net set up fee for Virtual Card Service after 50% off is HKD2,500.

* 2.8% rebate includes 2% cash rebate promotion, 0.4% rebate for all foreign currency online spending and 0.4% Cash Dollar rebate for every spending

To borrow or not to borrow? Borrow only if you can repay!

Real-time Progress of Remittance for extra convenience

Customers can keep track of the real-time progress of inward and outward payments via “Inward Payment Tracker” or “Payment Tracker” of Hang Seng Business e-Banking or Hang Seng Business Mobile App. Customers are free from calling the hotline to enhance communication with business partners.

  • Save up to 55% on the handling fee for outward remittances

Image Download: https://drive.google.com/drive/folders/1hxXcZ3YsbBonOM9_soqOZs0WIIXrIPbX

Hashtag: #HangSengBank

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

Savannakhet Authorities Destroy Smuggled Pork

Massive amounts of pork meat have been dumped.

Authorities and in Savannakhet Province have destroyed some 9,000 kilograms of smuggled pork that originated in Vietnam.

National Treasury and ICBC Cooperate in Tax Payment System

The signing ceremony between the National Treasury and the Commercial Bank of China.

The National Treasury and the Industrial and Commercial Bank of China (ICBC) have begun cooperation in systems for payment of taxation into the state budget.

Danone inspires healthier nutrition choices with its campaign on Shopee

Highlights of Danone’s Regional Brand Day on Shopee include Top Spender prize and exclusive discount vouchers

HANOI, VIETNAM – Media OutReach – 12 July 2022 – Danone, a leading multi-local food and beverage company building on health-focused and fast-growing categories, and Shopee, a leading e-commerce platform in Southeast Asia and Taiwan, is launching the Regional Brand Day, “Let Wellness Take Flight” campaign on Shopee Mall allowing consumers in the region to shop from Danone’s full product portfolio for the whole family. With more people going online to purchase health products, the collaboration aims to support families in making informed nutrition choices and discover products that support their health and nutrition needs.

Happening on 16 July, Danone’s Regional Brand Day promotion on Shopee will feature Danone products from different categories including Aptakid from the early life nutrition category and Evian from the beverage category and Alpro from plant-based category. Inspired by Danone’s vision of One Planet One Health, the campaign aims to motivate consumers to lead healthier lives and start their journey towards wellness with Danone’s portfolio of brands.

Deborah Chong, Global Head of eCommerce, Danone, said, “We have witnessed incredible growth of our business online, including a 105% increase in growth across Southeast Asia during the Shopee 12.12 Birthday Sale last year. With more consumers turning to e-commerce platforms like Shopee to seek convenient and reliable product options, we believe this collaboration will further scale our presence in the region. Prioritizing consumers’ health is crucial for us and we believe this Regional Brand Day, which focuses on our “Let Wellness Take Flight” theme, lets us show our care and appreciation for our customers by providing convenient access to products that support their health and nutrition needs.”

Eva Lusiana, Country Manager, Danone Vietnam & Philippines, added, “We are very excited to grow our partnership with Shopee to better serve our customers and support them in adopting healthier lifestyles in line with our One Planet One Health vision. Danone is committed to offer healthy and sustainable choices for everyone, everywhere, everyday, and through strong partnership with our key partner, we are confident to bring this vision to life. With more people going online to shop, we will focus on meeting our consumers’ needs and delivering greater value through offering more diverse products and consumer experiences.”

Pavan Challa, Director, Regional Brand Partnerships at Shopee, shared, “As the leading e-commerce platform in Southeast Asia and Taiwan, Shopee is committed to offering the best product variety and value for shoppers. We share Danone’s belief in empowering consumers to lead healthier lives through access to quality food and nutrition, and we are proud to partner with them for Regional Brand Day 2022. Together, we hope to bring quality products to shoppers at great value.”

On the campaign day, shoppers can look forward to a host of exclusive deals on Shopee Mall, including:

  • Aptakid product:
    • Attractive Gifts with Purchase: Be eligible to choose from a selection of gifts when purchase Aptakid products.
    • Exclusive Top Spender Prizes: The chance to win ECOIFFIER Toy set value 999,000 VNĐ.
    • Exclusive Flash sale: Discount up to 22%
    • Exclusive Voucher 150,000 VNĐ off with valid on a minimum purchase of 1,299,000 VNĐ
  • Evian products:
    • Exclusive Deal: Buy Combo 2 case of 1,5L get 1 case of 330ml.
    • Flash sale: Discount 30% for 2 key best seller SKUs: case Evian 500ml and case 1.5L
    • Discount promotion: Discount 20% for all Evian products
    • Exclusive vouchers: Voucher discount 50k for order from 999k, Voucher discount 75k for order from 1499k
    • Gift with purchase: Giveaway 1 Evian Cosmetic Bag value 100,000 VND for every purchase.
  • Alpro products:
    • Exclusive Deal: Discount 35% for every product
    • Flash sale: Discount 46% for key best seller SKU Almond
    • Exclusive vouchers: Voucher discount 8k for order from 80k, Voucher discount 15k for order from 100k
    • Gift with purchase: Giveaway 2 bamboo straws for every Alpro pack

For more information about the Danone Brand Day, please visit https://shopee.vn/aptamil

Download the Shopee app for free on the App Store or Google Play Store.

Hashtag: #Danone #Shopee

About Danone

Danone is a leading multi-local food and beverage company building on health-focused and fast-growing categories in 3 businesses: Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. With its ‘One Planet. One Health’ frame of action, which considers the health of people and the planet as intimately interconnected, Danone aims to inspire healthier and more sustainable eating and drinking practices. To accelerate this food revolution and create superior, sustainable, and profitable value for all its stakeholders, Danone has defined nine 2030 Goals, and paved the way as the first listed company to adopt the “Enterprise à Mission” status in France. With a purpose to bring health through food to as many people as possible, and corresponding social, societal and environmental objectives set out in its articles of association, Danone is committed to operating in an efficient, responsible and inclusive manner, in line with the Sustainable Development Goals (SDGs) of the United Nations. By 2025, Danone aims to become one of the first multinational companies to obtain B Corp™ certification. With more than 100,000 employees, and products sold in over 120 markets, Danone generated €23.6 billion in sales in 2020. Danone’s portfolio includes leading international brands (Actimel, Activia, Alpro, Danette, Danio, Danonino, Evian, Nutricia, Nutrilon, Volvic, among others) as well as strong local and regional brands (including Dumex, Protinex, AQUA, Blédina, Bonafont, Cow & Gate, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk, Vega).

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities.

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce.

Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea’s mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and SeaMoney.

About Shopee Mall

Shopee Mall is the region’s leading online mall offering one-stop access to a wide range of international and local brands and retailers. Shoppers can enjoy three guarantees delivered by Shopee Mall — 100% authentic products, free returns and free shipping. With always-on deals, entertainment and a robust loyalty programme, Shopee Mall offers an unparalleled online shopping experience and best value all year round.

United States and Norway Commit USD 9.1 Million in Support for UXO Clearance in Laos

The governments of the United States of America and Norway have committed more than USD 9.1 million to the clearance of unexploded ordnance (UXO) in four southern provinces of Laos.

NTT DATA and SAP Announce Co-Innovation Solution to Track Fragile and Sensitive Cargo Shipments and Facilitate Insurance Procedures

TOKYO, JAPAN and SINGAPORE – 12 July 2022 – At the SAP® Sapphire® conference in Tokyo today, NTT DATA and SAP Asia Pacific and Japan (APJ) announced a new co-innovation solution to improve supply chain insurance management. The solution, Connected Product, is a packaged offering jointly developed by global digital business and IT services leader, NTT DATA, and SAP SE, furthering the strategic alliance formed in 2020 between parent company NTT, and SAP SE.

Global value chains are becoming increasingly complex due to rising geopolitical risk, trade growth, and volatility of material availability. Losses due to poor transportation conditions have become a multibillion-dollar problem due to extreme difficulty in identifying the cause of damage or when an incident occurred. These challenges offer a great opportunity to overhaul the overall value chain with a solution that can provide real-time information on transport operations – from changes in temperature and humidity to whether the goods have been tilted – to all parties involved, giving everyone the ability to quickly adapt to potential incidents and rapidly recover from them.

The Connected Product solution responds to this need by monitoring the location and environmental conditions of goods in transit. It is especially useful for tracking fragile goods, such as solar panels; bulk liquids, such as wine and olive oil; and sensitive cold chain shipments, such as cheese, pharmaceuticals, and even vaccines. The tracking provides greater visibility across the entire supply chain, and agility to activate immediate reactionary procedures, in case of damage or delays. This reduces friction when purchasing insurance and processing claims for shipments, and ensures timely delivery of goods. It also reduces waste and promotes sustainability.

Connected Product brings together the power of SAP® Business Network for Logistics[1] and the global track and trace option, extended with NTT DATA smart insurance policy management assets[2], to dramatically change the way people ship goods and manage associated risks. The solution also includes components built using SAP® Business Technology Platform[3]. By enabling end-to-end, real-time monitoring of the transportation conditions, the solution can monitor all variables that could affect a shipment, and automatically trigger and execute insurance policies if goods are not transported under certain pre-defined conditions. Utilising SAP Business Network for Logistics helps improve accountability for each stakeholder and makes transport insurance management easier. Plus, by digitising shipment and insurance documentation, the solution simplifies tracking and insurance processes across the supply chain, reducing waste and costs, and benefiting to the whole ecosystem – from the insurance company to the insurance reseller to the logistics companies.

“Global disruptions have caused today’s value chains to be more complex and diversified than ever before, and this complexity will only increase. What we’re announcing today improves supply chain visibility for logistics companies and insurers here in the APJ region, and delivers on NTT and SAP’s shared vision of helping companies around the globe achieve greater resiliency and agility to ensure they are prepared for future disruptions,” said Paul Marriott, President, SAP APJ.

“At the SAP Sapphire conference in Tokyo today, modernising supply chain management is one of the key themes that we’ll be discussing. I’m excited to see the innovations SAP is driving together with NTT around this area, and what more we can offer to help our customers,” said Hirofumi Suzuki, President and Representative Director, SAP Japan.

“Today, more than ever before, global logistics need to be resilient and adaptative. Long-term planning alone is no longer sufficient, and organisations must be able to react quickly especially in times of uncertainty. Critical to enabling this type of agility is to have the right data in the right hands, in real time,” said Norbert Rotter, SVP, NTT DATA Corporation, and CEO, NTT DATA Business Solutions.

Currently, NTT DATA and SAP Connected Product teams in Japan, Germany and Spain are collaborating on a pilot with a Spanish logistics group and a German insurance company, using Connected Product to track the condition of hundreds of containers moved by 20 shippers between Europe and Asia. The data gathered by IoT sensors helps to ensure that conditions critical for the goods – like temperature, luminosity, or shock-proofing requirements – are managed during the journey. That information gives customers the opportunity to quickly react to incidents. The pilot project will continue to run through September 2022, after which NTT DATA plans to incorporate the system into business operations, extending the solution to more international insurance and logistics companies.

For more information on Connected Product, please watch the video featuring Christian Klein, CEO and Member of the Executive Board at SAP SE, and Jun Sawada, CEO of NTT (at the time of filming).



[1] SAP Business Network for Logistics – global track and trace option, enables real-time insights into the availability of materials and products to reduce supply chain risks and optimise costs. It helps companies monitor critical business processes by comparing planned versus actual milestones. https://www.sap.com/products/logistics-business-network.html

[2] NTT DATA smart insurance policy management assets assist insurance companies in making decisions regarding payment of insurance claims and in calculating insurance claims.

[3] SAP Business Technology Platform (SAP BTP) brings together data and analytics, artificial intelligence, application development, automation, and integration in one, unified environment to enable innovations that natively integrate with SAP applications. https://www.sap.com/products/business-technology-platform.html

Hashtag: #NTTDATA #SAP

About NTT DATA

NTT DATA, part of the NTT Group, is a global innovative company providing business and IT services with its headquarters in Tokyo. The company helps its customers in their transformation processes via consultancy, industrial solutions, commercial process services, digital and IT modernisation and managed services. NTT DATA enables them—and society as a whole—to move confidently towards the digital future. The company proves its commitment to the long-term success of its customers, combining a global scope with local service to work with them in over 50 countries around the world. To learn more, please visit .

About SAP

SAP’s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organisations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit .

This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP’s 2021 Annual Report on Form 20-F.
© 2022 SAP SE. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices.

Foresight Enters MOU for Joint Development of Autonomous Solutions in Shandong Province, China

Shandong Research Institute, Beidou Tech and Foresight will collaborate on obstacle detection and intelligent navigation based on multi-sensor fusion

NESS ZIONA, ISRAEL – News Direct – 12 July 2022 – Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a memorandum of understanding (MOU) with Shandong Industry Research Information and Artificial Intelligence Integration Research Institute Co., Ltd (“Shandong Research Institute”), a professional research institute wholly owned by Shandong Industrial Technology Research Institute, and Beidou Jingzong Technology (Shandong) Co., Ltd (“Beidou Tech”), a company mainly engaged in the research of high-precision seamless positioning, real-time accurate regeneration of scene targets, and control of scene target position.

The MOU establishes the joint development of an obstacle detection system and all-weather, high-precision positioning for unmanned vehicles based on multi-sensor fusion. The new system will combine Foresight’s stereoscopic technology (using both visible light and thermal cameras), radar, and the laser scanning technology LiDAR, as well as Beidou Tech’s vehicle navigation and positioning system. The collaboratively produced system will aim to provide vehicle manufacturers with multi-sensor intelligent navigation to deploy in smart transportation, active safety automotive systems, and unmanned driving. The resulting system is intended for use in autonomous vehicles, trucks, passenger cars, and other vehicles in Shandong Province, China.

Furthermore, the Chinese parties applied for the endorsement and financial support of the province to underwrite and otherwise advance the project. Meanwhile, the parties intend to negotiate a definitive agreement to develop the above-mentioned system and to establish a joint venture in Shandong.

This MOU follows several projects in China reported by Foresight over the past year and supports the Company’s strategy to expand its presence in China and become a dominant player in the Asia-Pacific automotive market.

Hashtag: #Foresight

About Foresight

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions.

Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles, and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics.

For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow on Twitter, or join on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the proposed joint development of an obstacle detection system and all-weather high-precision positioning for unmanned vehicles based on multi-sensor fusion, the intended design of the system and that the system is intended for integration into autonomous vehicles, trucks, passenger cars, and other vehicles in Shandong Province, China, that the Chinese parties will apply for financial support of the province of Shandong to finance and otherwise advance the joint development and that the parties intend to negotiate a definitive agreement to develop the above-mentioned system and intend to establish a joint venture in Shandong. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release.

The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites.