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2021 Deloitte Hong Kong Technology Fast 20 & Rising Star Program open for applications

Rekindling Hong Kong’s economic growth through innovation

HONG KONG SAR – Media OutReach – 30 July 2021 – The 2021 Deloitte Hong Kong Technology Fast 20 & Rising Star program (Deloitte Hong Kong Tech Fast Program) is open for applications.

 

This year, Deloitte is pleased to join forces with Strategic Partners Hong Kong Cyberport (Cyberport), Hong Kong Science and Technology Parks Corporation (HKSTP) and Alibaba Entrepreneurs Fund; Official Knowledge Partner, The Business School of The Hong Kong University of Science and Technology (HKUST); and Diamond Sponsor, The Hongkong and Shanghai Banking Corporation (HSBC). Other supporting organizations include Beyond Ventures, City University of Hong Kong’s HK Tech 300, Greater Bay Area Homeland Investments, HKUST’s Entrepreneurship Center, The Hong Kong Polytechnic University’s Institute for Entrepreneurship, the Hong Kong Venture Capital and Private Equity Association, Hong Kong X-Tech Startup Platform, and SQ Capital.

 

Deloitte Hong Kong Tech Fast Program Lead Partner, Philip Law says, “Fast-growing technology companies are key drivers of Hong Kong’s economic recovery and status as a transformation hub in the Greater Bay Area development blueprint. The program is one of the most objective rankings, recognizing the effort, dedication, and resilience of technology, media, telecommunications, life sciences, fintech, and energy tech companies. Since the launch of this year’s program in mid-June, all of Hong Kong’s new unicorns and many remarkable tech companies have submitted their applications. We expect more nominations to come in before the enrolment deadline.”

 

HSBC’s Managing Director, Head of Client Coverage, Commercial Banking, Hong Kong, Thomas Elliott says, “HSBC is committed to supporting the next generation of high-growth and innovation businesses. It is our pleasure to recognise these Hong Kong enterprises with strong potential through Deloitte Tech Fast, and help them capture the opportunities presented by the new economy in the GBA.”

 

Now in its 3rd year in Hong Kong, Deloitte Tech Fast identifies fast-growing companies, recognizing their creativity, innovation, and high business potential; while providing a platform to promote their market eminence, meet successful peers, and connect with investors. Past winners include WeLab, SenseTime, GOGOX, Klook, unicorns in Hong Kong and companies from vanguard segments including internet, software, new media, new energy, life sciences, and robotics. With its extensive coverage of technology companies and Deloitte’s stringent evaluation methodology, Deloitte Tech Fast Program is known as “the Oscars for high technology companies”.

 

Deloitte Tech Fast welcomes applications from fast-growing companies and technology firms in Hong Kong and Macau with at least three years of business operations and operating revenue of at least HKD1,200,000 for the 2018 fiscal year. With a shorter business history, companies can join Deloitte Hong Kong Rising Star by providing a written description of their backgrounds, management teams, core competencies, business models, products, technologies, industries and market recognition.

 

For more details about Deloitte Tech Fast and how to enrol, visit here. The deadline for enrolment is 15 August 2021.

About Deloitte

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Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organization”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 330,000 people make an impact that matters at www.deloitte.com.

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#Deloitte

Kerry Logistics Network Extends Coverage in Latin America with New Office in Peru

HONG KONG SAR – Media OutReach – 30 July 2021 – Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) is extending its coverage in Latin America by opening an office in Lima, Peru, increasing the number of countries and territories in its global network to 60. Having commenced operations in July 2021, Kerry Logistics Peru S.A.C. (‘Kerry Logistics Peru’) extends Kerry Logistics Network’s presence in Latin America, boosting its international freight forwarding capability and tapping into the Peruvian export trade.

Kerry Logistics Peru offers a range of supply chain solutions from air and ocean freight to customs clearance and domestic transportation across the country. Its target markets include the mining industry, apparel, automotive, high-tech as well as pharmaceutical. For the mining industry, which constitutes Peru’s principal source of economic growth as the world’s second largest producer of copper, silver and zinc, the Peru team will provide dedicated air and ocean freight for import and export as well as transporting of mining equipment and component parts. The Lima office is also well-placed to provide export services to Peruvian apparel manufacturers for the distribution of high-quality cotton products to international brands and fine alpaca garments to the world. In addition, the team provides industrial project logistics solutions to the oil & gas, renewables, power & energy sectors.

William Ma, Group Managing Director of Kerry Logistics Network, said, “The opening of the new Peru office marks a significant move for Kerry Logistics Network to expand our network in Latin America. Leveraging our extensive network and expertise in Asia, we are well-positioned to capitalise on the trade between Peru and China, which is currently Peru’s biggest export trader. Our strengthened foothold in the Americas, including the connections from Huntsville, Alabama, and Miami, Florida in the US to Latin America, will facilitate intercontinental transportation of goods in the wake of massive disruptions to the global supply chains.”

Kerry Logistics Network has vast experience in the Latin American market with wide airport and port coverage, bonded warehousing capacity and domestic door-to-door delivery solutions.

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

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

With a global presence across 60 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$53 billion in 2020 and is the largest international logistics company listed on the Hong Kong Stock Exchange.

#KerryLogisticsNetwork

Laos Records Seventh Covid-19 Death

Laos records Seventh death from Covid-19

A 38-year-old man in Champasack Province has become the country’s seventh death as a result of Covid-19.

Laos Confirms 244 New Cases of Covid-19

Covid-19 Update

Laos has confirmed 244 new cases of Covid-19, bringing the total number of cases to 5,919.

Thailand Agrees to Vaccinate Migrant Workers Against Covid-19

Migrant workers from Laos will be able to receive vaccinations in Thailand
Thais awaiting vaccinations.

Thailand is to allow migrant workers from Laos to register for Covid-19 vaccinations in the Kingdom, with priority given to persons over 60 years old and those with underlying health conditions.

Tuas Power partners with NEFIN to bid for 100MW electricity import from Malaysia and explores solutions to address power intermittency from clean energy

SINGAPORE – Media OutReach – 30 July 2021 -Tuas Power, Singapore’s market leader in power generation and electricity retailing, signed a Memorandum of Understanding earlier in June with NEFIN, a leading solar photovoltaic developer and investor in carbon neutrality solutions, to jointly bid for the 100 megawatts (100MW) of zero-carbon electricity import from Malaysia into Singapore. 

To support the Singapore Government’s move to enhance energy security through leveraging on regional power grids, Tuas Power and NEFIN are participating in this initiative with the aim to help overcome the challenges of clean energy import and to develop best practices for the industry.

Mr. Michael Wong, Chief Operating Officer of Tuas Power, said, “Tuas Power is taking a wholistic view to find a sustainable and reliable blend of electricity generated from renewable and fuel-based sources to feed into the national grid. Arising from our sustainable energy eco-system approach, Tuas Power is actively exploring the combined use of solar power and other renewable sources or low-carbon solutions to achieve a zero-carbon electricity import. At the same time, we are exploring solutions that address the intermittency of solar power during non-generating hours.” 

Tuas Power is Singapore’s leading electricity retailer, and is committed to bringing cleaner, more cost-competitive energy to its customers. With its knowledge and experience, Tuas Power has helped them develop and implement many energy efficient programmes. It has a large pool of customers from the data centre, semiconductor and petrochemical industries who are interested to take up the clean energy import.

Mr. Bor Hung Chong, NEFIN’s Head of Business Development and Managing Director for NEFIN Malaysia, commented, “NEFIN is a market leader in distributed solar project development in Malaysia. We have a track record of many customers who have signed up to 20 years of Power Purchase Agreements (PPA) with us, and we are excited to partner Tuas Power to foray into electricity imports into Singapore. If successful in our joint bid, it will allow NEFIN to bring its extensive experience in implementation of renewable energy projects and provision of carbon-neutral solutions to sustain the energy landscape of Singapore.”

 

NEFIN Malaysia is a Malaysian company under the project development arm of the wider NEFIN Group and specialises in project development and implementation of renewable energy projects in the Southeast Asia region, with Malaysia as one of NEFIN Group’s key markets. NEFIN Malaysia is a market leader in providing zero-carbon solutions, including distributed solar project development and has developed several iconic projects such as the largest commercial solar PPA in Malaysia of more than 10 selected Lotus’s (formerly TESCO) stores in its first phase and the completion of the first solar PV project for Puratos Group in Malaysia. NEFIN Malaysia also provides carbon neutrality related consulting and technical advisory services for its clients.

About Tuas Power Ltd

Tuas Power is a key provider of energy solutions and multi-utilities in Singapore. The company is a member of China Huaneng Group, one of the largest and most forward-looking power producers in China and the world.

Tuas Power has a licensed capacity of 2,670 MW, and is a leading power generation company in Singapore. It has five combined cycle plants and a steam plant in its power station in the Tuas industrial region, and develops efficient and environmentally responsible energy solutions through its retail arm. Tuas Power also supplies utilities such as steam, high-grade industrial water, demineralised water and waste water treatment services in Tembusu, Jurong Island, and provides solid industrial waste treatment through its waste-to-resource plant in Tuas.

About NEFIN Group


NEFIN Group is a regional renowned carbon neutrality solutions provider and investor with a bespoke unified energy management platform committed to achieve carbon neutrality for organizations. Founded by a core management team of DuPont Solar Business, the management team has grown into a well-rounded team of engineers, legal experts, investment bankers and techno-commercial experts with the combined experience of over 40+ years of project development in Asia and 50+ years of engineering experience. NEFIN Group has collectively delivered over 300MW of utility-scale, commercial, and industrial rooftop solar systems regionally. As a strong cohesive team, NEFIN Group is able to offer a comprehensive 360 degree assessment and full-suite of services on socially responsible and commercially viable projects through innovative approaches to technology under its unified energy management platform. NEFIN believes the future of the world is everyone’s responsibility and strives to redefine energy boundaries towards a sustainable future. Please refer to NEFIN’s website www.nefinco.com for more information.

#NEFINGroup

Authorities Blame Weak Local Currency for High Egg Prices

Egg and eggs

Authorities in Laos have said that a weakened Lao Kip is to blame for the increase in egg prices.

Hmong-American Gymnast Sunisa Lee Wins Olympic Gold

Hmong-American Sunisa Lee wins Gold at Olympic Games
Hmong-American Sunisa Lee wins Gold at Olympic Games (Photo: Teen Vogue)

At just 18 years old, Sunisa “Suni” Lee has become the first Hmong-American to win gold at the Olympic Games.