Authorities in Laos have given the green light to Lao New Year celebrations (Boun Pi Mai Lao) this year, although strict Covid-19 prevention and control measures will apply.
Laos Officially Authorizes Lao New Year Celebrations
Hong Kong Gold Coast presents “Gold Coast ‘Digital’ Easter Egg Hunt 2021”
Egg Hunting at Gold Coast Hotel, Piazza and 50,000 sq.ft Lawn
Hunt all the hidden Easter eggs and Win the fabulous prizes
Including free hotel accommodation
Join the “Egg-cellent Easter Fun Vacation” of Gold Coast Hotel, to enjoy a lesiure Easter holiday with diversified programs!
HONG KONG SAR – Media OutReach – 25 March 2021 –
Win Fabulous Prizes from Digital Egg Hunt and a plethora of games
“Gold Coast Easter Egg Hunt” is a must-do activity to complete the Easter celebration. This year, the activity will be returning in a contactless format at Hong Kong Gold Coast from 1st to 6th April. Namely, what participating families need is just a mobile phone to scan QR codes on the Easter eggs to earn game points. Scattering over Gold Coast Hotel, Piazza, and the 50,000 sq. ft. Lawn, the Easter eggs are worth different points. The higher the points collected, the more prizes to redeem. Ranging from free accommodations at Gold Coast Hotel and family photography gift vouchers, to dining coupons and other gifts, the total value of prizes is above HK$880,000. Everyone can return fully loaded with both joy and prizes!
Gold Coast ‘Digital Easter Egg Hunt 2021 creates a leisurely parent-child holiday for you.
Enjoy the ever first digital egg hunt safely!
Not only is there egg scavenger hunt, at Gold Coast Piazza are also a gashapon measures, a claw machine and several fun-filled game booths for participants to win prizes. An assortment of gifts is here expecting participants to take them home.
Owing to the sanitation and anti-pandemic concerns, a special crowd control system will be implemented. The entire event will be further split into sessions to avoid crowds. Sufficient social distance is therefore guaranteed and unnecessary contact with objects is avoided.
Leisurely Vacation surrounded by Natural Landscapes
Other than the fun and exhilarating Egg Hunt, Hong Kong Gold Coast precinct is the ideal choice for STAYCATION. Hong Kong Gold Coast Hotel features a long coastline, expansive outdoor gardens and a range of award-winning delicacies to pamper guests. Myriads of workshops and recreational facilities are also available to bring kids an awesome Easter experience. What’s more, Gold Coast Piazza also offers several al fresco dining spots for guests to choose from. The STAYCATION at Gold Coast can be no different from a foreign holiday n.
Book tickets now to enjoy Hotel Getaway Package featuring Deluxe Seaview Rooms & other Recreational Facilities
If you wish to join the thrilling “Gold Coast ‘Digital’ Easter Egg Hunt 2021” with your kids, you must act now and pre-purchase event tickets! Better yet, Hong Kong Gold Coast Hotel is launching the “Egg-cellent Easter Fun Vacation” packages which include one-night or two-night stay in a Deluxe Seaview Room, tickets of “Gold Coast ‘Digital’ Easter Egg Hunt 2021”, “Draw & Grow” Easter Egg Workshop and amusing outdoor games. Book now lest you miss a remarkable Easter holiday memory!
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Hong Kong Gold Coast presents “Gold Coast ‘Digital’ Easter Egg Hunt 2021” |
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“Gold Coast Easter Egg Hunt” |
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Date |
From 1 to 6 April, 2021（Thursday to Tuesday） *Only hotel guests can participate on 1 & 2 April and hence no public ticket sale |
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Location |
Hong Kong Gold Coast |
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Tickets Details: Group and time |
From 3 to 6 April, 2021
Group A ：(3 to 6 April) Check in from 11 am to 12 nn, the game will start from successful login and end within 2 hours
Group B：(3 to 5 April) Check in from 12 nn to 1 pm, the game will start from successful login and end within 2 hours
Group C： (6 April Only) Check in from 1 pm to 2 pm, the game will start from successful login and end within 2 hours
* Each of the above groups must consist of one parent and one 3- to 11-year-old child * Every session is about 2 hours |
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Ticket Regular Price |
HK$220 Include 1 session of Egg Hunt, 1 time each to play the gashapon machine, claw machine and game booths
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How to participate |
Early-bird offer: From today to 26 March, purchase ticket at HK$200 at https://bit.ly/HKGCEEH2021. Limited offers while stocks last. * There is no alteration or refund once the transaction is completed.
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Prizes |
*Total value over HKD 880,000 in total *Refer to appendice 1 for details |
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Hong Kong Gold Coast Hotel “Egg-cellent Easter Fun Vacation” |
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Promotion Date |
27 March to 11 April, 2021 |
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Check-in Dates & Prices |
28 – 31 March; 7, 8, 9 and 11 April – From HK$1,180 net 27 March; 1, 6, 10 April – From HK$1,380 net 2 – 5 April – From HK$1,680 net |
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Programme Details |
Egg-cellent Easter Fun Vacation (1-night package), privileges include: Day 1
Day 2
Additional child pass (includes all the above privileges):
Special offer for members of iPrestige, Sino Club, Gold Coast Yacht and Country Club, and residents of Hong Kong Gold Coast Residences:
Egg-cellent Easter Fun Vacation (2-night package), privileges include: Day 1
Day 2
Day 3
Additional child pass (includes all the above privileges):
Special offer for members of iPrestige, Sino Club, Gold Coast Yacht and Country Club, and residents of Hong Kong Gold Coast Residences: * Extra one session of outdoor games (4 game per session) at Gold Coast Square
^ Subject to weather condition, venue availability, age, height and weight restrictions * Breakfast will be served in different timeslots which booking is subject to availability # For stays between 1 and 6 April 2021
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Enquiries and booking |
For getaway package reservations and enquiries: 2452 8833 Website: http://bit.ly/easter-package-21-en |
Appendice 1
Prize List of “Gold Coast ‘Digital’ Easter Egg Hunt 2021”
* Each gift bag is redeemed with egg hunt game points. Combination of each bag may be slightly different. The number of each gift is limited, while stocks last.
Gifts
Free accommodation at Gold Coast hotel, Dining voucher at Gold Coast Prime Rib, Venture Studios Hong Kong, Family Photography Gift Voucher, Ebeneezer’s Dining Voucher, Joyful and Health Chinese Medicine Centre Ltd., JH Moisturizing Cream, Sealect Snackit Chicken & Mayonnaise, DCH Auriga – Children’s nutrition products (Healthy Care Kids Chewable Computer Eyes, Healthy Care Kids Chewable Vitamin C, Healthy Care Kids Chewable Zinc + Vitamin C, Healthy Care Kids Chewable Immune, Healthy Care Kids Chewable Calcium+ Vitamin D3), Darlie – [Twin Pack] Double Action Toothpaste + free Chibi Maruko Chan – (Plate set, Darlie kids toothpaste travel kit), Biore UV Kids Pure Milk, SKN（one of the following by random）(Earth’s Best – Whole Grain Oatmeal Cereal, Earth’s Best – Whole Grain Multi-grain Cereal, Dr. PawPaw – Tinted Ultimate Red Balm, Ella’s Kitchen Hand Sanitizer), PROCARE HK ASTM F2100 Level 2 face mask, Oxford Story Tree reader, 1901 BDF Tea, National Geographic (Duo Small Wallet, Trendy Sling Bag), Now TV Limited Edition Note Book, Oatly Oat Drink Organic, Geox (GEOX Playkix sneakers, Obtain HKD 100 Cash voucher for liking Facebook page on the spot), Pod chocolate (Plant base , non dairy milk and vegan Chocolate), English tea shop organic tea (Green tea pomegranate, Chocolate roobios vanilla, Chamomile lavender, Lemongrass citrus ginger), SOYJOY Fruits Soy Bar, Yeo’s Soybean Milk, Bravo Season Crispy Snacks( Bravo Season Dehydrated Fruits, Bravo Season Freeze-dried Fruits), Disinfectant – General Purpose, TW POP Salty Lime Soda TW POP, Alpro Barista Coconut (Alpro Original Almond, Alpro Original Coconut)
About Hong Kong Gold Coast, Gold Coast Piazza and Hong Kong Gold Coast Hotel
Located at the waterfront of Castle Peak Bay, Hong Kong Gold Coast is an accessible yet idyllic seaside retreat merely 30 minutes’ drive from the hustles and bustles of the city and the airport featuring a resort hotel, a premier private country and yacht club, a superb collection of luxury seaview apartments and villas, and an exciting outdoor shopping mall.
Situated by a beautiful marina and Golden Beach, Hong Kong Gold Coast spans hectares of lush greenery and landscape that offers a lifestyle embracing Nature Leisure Pleasure, attracting international and local visitors as well as friendly neighbouring communities attracted to the outdoors, sun and sand.
As part of the Gold Coast resort destination, Gold Coast Piazza is a scenic, European-style dining, entertainment and shopping mall in an open-air, pedestrian-friendly setting. Its romantic Mediterranean architecture and ambience is complemented by a terrace garden, waterfront promenade and the yacht marina, while a festive spirit pervades the piazza year- round with seasonal décor, activities and performances.
Its renowned repertoire of seaside and alfresco dining outlets, pub and coffee shops offers Vietnamese, Singaporean, French, Italian, Chinese and Western cuisine and casual comfort food. A wealth of amenities is also available including convenience store, supermarket and beauty and barber shops catering every need of visitors and residents.
Hong Kong Gold Coast Hotel is a beautiful beach resort offering tranquil tropical gardens with direct access to Golden Beach, providing the perfect setting for a dream wedding, a relaxing family holiday, a romantic getaway or corporate team-building events. Our 453 rooms and suites, including ten kid-themed rooms, feature views of the sea or the marina of neighbouring Gold Coast Yacht Country Club, offering a holiday indulgence in Nature. Leisure. Pleasure. as they enjoy the serene setting and genuine warmth of our service.
For more information, please visit:
Kerry Logistics Network Posts 30% Growth in Revenue Core Net Profit Increased by 33%
HONG KONG SAR – Media OutReach – 25 March 2021 – Kerry Logistics Network Limited (‘KLN’, the ‘Company’ or together with its subsidiaries, the ‘Group’ or ‘KLN Group’; Stock Code 0636.HK) today announced the Group’s annual results for 2020.
Group’s Financial Highlights
- Revenue increased by 30% to HK$53,361 million (2019: HK$41,139 million)
- Core operating profit increased by 20% to HK$3,320 million (2019: HK$2,765 million)
- Core net profit increased by 33% to HK$1,828 million (2019: HK$1,374 million)
- Profit attributable to the Shareholders for 2020 was HK$2,896 million. Excluding the gain from disposal of two warehouses in Hong Kong in 2019, it represents a remarkable year-on-year growth of 58% (2019 normalised: HK$1,830 million)
- Integrated Logistics (IL) business recorded a segment profit of HK$2,583 million (2019: HK$2,435 million), which represents an increase of 6%. The growth in IL segment profit was affected by the reduced profit contributed by lesser number of warehouses in Hong Kong compared with 2019. Should this impact be normalised, segment profit of IL business should have increased by 8%
- International Freight Forwarding (IFF) business recorded a 64% increase in segment profit to HK$1,017 million (2019: HK$622 million)
- Proposed final dividend of 23.8 HK cents per share, to be payable on Friday, 11 June 2021
William MA, Group Managing Director of KLN Group, said, “The COVID-19 pandemic has brought unprecedented challenges to everything from global public health to people’s livelihoods. The stop-and-go momentum of the global economy has caused severe disruption to the global supply chain. With human mobility severely curtailed, the role of logistics has become ever more paramount. Every link in the supply chain from sourcing and manufacturing to the distribution of finished products must still be maintained. Even as the pandemic forced millions of corporate employees around the world to work from home, our teams have been working tirelessly on the frontline, maintaining 24/7 services across some 150 international hubs to support various industries and sustain people’s daily lives. In 2020, thanks to the collective efforts of our colleagues and business partners, KLN Group achieved record growth in both revenue and core net profit, clearly demonstrating the Group’s resilience and capability to evolve through the pandemic.”
IL Growth Sustained
KLN Group’s IL division recorded a normalised segment profit growth of 8% in 2020, mainly driven by the strong performance in Hong Kong and Taiwan.
In Hong Kong, the IL division grew by 10% in 2020, benefitting from the rise in demand for home-delivered daily necessities, electronic goods and pharmaceutical logistics. The Hong Kong warehouse business contracted in 2020 compared with 2019 mainly due to the disposal of two warehouses in 2019 1H.
In Mainland China, the segment profit for the IL division bounced back in 2020 2H, offsetting the 37% drop in 2020 1H. This was due to the resumption of manufacturing activities, recovery of local consumption and the rapid growth of the e-commerce market in Mainland China.
In Taiwan, the IL business expanded by 19% year-on-year in segment profit, capitalising on the growth of semi-conductors and electronics manufacturing, the increasing demand in pharmaceutical logistics as well as the rise in e-commerce business. The robust performance of Science Park Logistics’ bonded operations was another driver for its growth.
In Asia, the IL business sustained despite severe lockdowns across the region, driven by the switch from consumer goods business to the essential supply sectors. The Group expanded its express business to the Philippines through the establishment of a joint venture company in 2021 Q1 in which the Group has a 51% interest.
IFF Thrived
The IFF division was the powerhouse of KLN Group’s business in 2020, accounting for 28% of the total segment profit, with its segment profit for the full year increasing by 64% year-on-year compared to a 40% growth in 2020 1H. The growth was mainly driven by a high global demand for pandemic-related goods as well as production and exports from Mainland China. It created the favourable conditions for the Group to capture opportunities from the unprecedented volatile global freight market, in terms of rates, capacity and equipment availability.
Kerry Apex recorded an increase in volume of 17%, strengthening its Trans-Pacific market position. It was the number one NVOCC from Thailand, Vietnam, Indonesia and Malaysia to the US, the number two NVOCC from Asia to the US for 2020.
Facility Portfolio Updates
In Mainland China, the 340,000-sq-ft chemical logistics centre in Cangzhou commenced operation in 2021 Q1. Construction of the 827,000-sq-ft logistics centre in Qingdao is expected to complete in 2021 Q2. The 1,043,000-sq-ft logistics centre in Guangzhou, the 305,000-sq-ft chemical logistics facility in Zhangjiagang, the 644,000-sq-ft hub and logistics centre in Zhuhai and the 545,000-sq-ft bonded logistics centre in Hainan are expected to complete construction in 2022.
Proposed Strategic Investment from S.F. Holding
On 10 February 2021, a Joint Announcement was made amongst S.F. Holding (acting through its wholly-owned subsidiary), the Company and Kerry Properties Limited, a Controlling Shareholder and substantial shareholder of the Company. Pursuant to the Joint Announcement, S.F. Holding will make a voluntary conditional cash offer to shareholders to acquire a controlling stake in the equity interest of the Company. The proposed transaction is subject to satisfaction of certain pre-conditions. These pre-conditions include certain inter-conditional special deals, including the disposals of certain Hong Kong warehouses and the Company’s Taiwan businesses, being entered by the Company with Kerry Holdings Limited, the substantial shareholder of the Company. If the proposed transaction does not proceed, these special deals also will not proceed.
William Ma concluded, “Scale and technological advances are crucial for any company in this industry to retain its competitiveness over its peers and drive changes in the global logistics arena. To this end, the proposed strategic cooperation with S.F. Holding will scale up KLN Group, extending its reach and enhancing its R&D capabilities. The Group’s performance in 2020 stands as testament to the capability in devising creative and efficient logistics solutions, which were in high demand when the global supply and logistics infrastructure suffered damage. KLN Group is prepared to seize any opportunity that may arise, as well as to enhance its value for stakeholders.”
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 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across 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.
CanAm’s Position as EB-5 Industry Leader Reaffirmed by Independent Audit
EB-5 regional center operator, CanAm Enterprises, continues to build on its track record of approved visas and repayment of capital.
HONG KONG SAR – Media OutReach – 25 March 2021 – CanAm Enterprises (CanAm) has built a solid reputation for delivering results for its immigrant investor clients over the past three decades, and for the third time, it has validated those results with a third-party professional audit of its accumulated track record as of December 31, 2020. Certified audit results evidence that an overwhelming 99%* of the USCIS adjudicated immigration petitions have been approved and that CanAm has repaid more than $1.8 billion to more than 3,600 EB-5 investor-families across all six of its EB-5 Regional Centers.
“At CanAm, we understand that an investment into the EB-5 program by each of our investor families is one of the most important decisions a family can make. We take very seriously our commitment and responsibility to be a trusted partner to our EB-5 clients and to doing everything we can to ensure their immigration aspirations and investment goals are achieved,” said CanAm President and CEO Tom Rosenfeld. “This is especially true now because of the uncertainty and anxiety caused by the COVID pandemic and its adverse impact on many businesses and personal investments. We hope that our investor families are reassured by the results of our recently completed audit, which indicates that, in spite of the economic hardships and unprecedented challenges caused by the pandemic, during 2020 CanAm repaid 100% and on-time more than $450 million in EB-5 loans from five (5) unique projects.”
CanAm commissioned an audit by the internationally recognized accounting firm of PKF O’Connor Davis, LLP to provide EB-5 investors and industry stakeholders with a credible, third-party verification of the accuracy and authentication of its EB-5 track record. PKF performed a comprehensive audit of several thousand CanAm investor records, cross-referencing USCIS-issued notices, bank statements, and related financial documents for every CanAm EB-5 investor who had a USCIS adjudication or scheduled investment repayment.
“We are very proud of CanAm’s leadership role and its ongoing practice of achieving new industry milestones,” said Mr. Rosenfeld. “To my knowledge, we have among the best track records in the EB-5 industry in both petition approval rate and repayment of capital. A track record like ours does not happen by accident; it is the result of hard work, attention to detail and a corporate culture that always puts the interests of our investor families first.”
CanAm strives to provide full transparency to its EB-5 investor clients. Please contact us if you would like a copy of the PKF audit results.
*Note: PKF was able to verify that the denials were unrelated to sponsored projects associated with CanAm’s Regional Centers.
About the EB-5 Program
The EB-5 Immigrant Investor Program (EB-5 Program) is administered by the United States Citizenship and Immigration Services (USCIS). The EB-5 Program provides qualified foreign investors with the opportunity to earn a permanent green card in return for investing $900,000 in projects located in high unemployment areas that create at least ten permanent full-time jobs for U.S. workers.
About CanAm Enterprises
CanAm is an integrated, multinational investment management firm that specializes in immigration-linked investment funds and private equity. With over three decades of experience, CanAm’s strategic approach to utilizing investor capital and managing risk has raised over $3 billion in private placement funds. Headquartered in New York City with offices in Shanghai, Beijing, Ho Chi Minh City, New Delhi, Dubai, Singapore, and Hong Kong, CanAm is proud to serve a domestic and international community of investors.
Laos Sets Goal to Restore Forest Cover to 70 Percent by 2025
The government of Laos has set a goal of restoring forest cover to over 70 percent by 2025, to ensure long-term environmental protection and reduce the risk of natural disasters.
JY Grandmark’s 2020 contracted sales increase by 13.1% y-o-y to approximately RMB3,523.6 million
Manifest Advantage of “Eco-friendly and People-oriented Property”
Contracted Sales Grow against the Market Trend
Actively Expand Land Bank and Seize Opportunities on Urban Renewal
HONG KONG SAR – Media OutReach – 25 March 2021 – JY Grandmark Holdings Limited, a property developer, operator and property management service provider based in the People’s Republic of China, is pleased to announce its annual results for the year ended 31 December 2020 (the “Year”).
The Group positions itself as an “Eco-friendly and People-oriented Property Developer” and acquired land reserves in strategic locations with abundant natural resources, rich culture and potential for growth. The Group takes into account the natural and cultural resources of its project site in the design of properties to develop homes and communities that the Group considers to be truly liveable for buyers. This accurate positioning differentiates the Group from other property developers in the PRC.
During the Year, the Group’s revenue amounted to RMB2,347.1 million (2019: RMB2,402.8 million), representing a year-on-year(“yoy”) decrease of 2.3%. The Group’s annual profit amounted to RMB478.4 million (2019: RMB494.4 million), representing a decrease of 3.3% yoy. The Group’s gross profit amounted to RMB912.7 million (2019: RMB1,144.2 million), representing a decrease of 20.2% yoy. Core net profit amounted to RMB427.3 million (2019: RMB446.9 million), representing a decrease of 4.4% yoy. Profit attributable to shareholders amounted to RMB485.2 million (2019: RMB501.5 million), representing a decrease of 3.3% yoy.
Position as an “Eco-friendly and People-oriented Property Developer” favored by the market Contracted sales grew against the market trend
In 2020, the Group achieved positive growths in terms of development area, sales area and sales. The aggregated contracted sales of the Group amounted to approximately RMB3,523.6 million, representing a growth of 13.1% yoy as compared to RMB3,116.3 million in 2019. The aggregated sales area was approximately 351,000 sq.m. ,representing an increase of 38.7% yoy as compared to approximately 253,000 sq.m. in the previous year.
Due to the epidemic, projects of environment improvement and living space improvement were sought after, with five projects including JY Uniworld (景業壹方天地) in Zhaoqing, JY Gaoligong Town (景業高黎貢小鎮) in Tengchong, JY Grand Garden(景業雍景園) in Qingyuan, JY Mountain Lake Gulf(景業山湖灣) in Zhuzhou and JY Hot Spring Villas(景業瓏泉灣) in Conghua recorded satisfactory subscription results. JY Egret Bay (景業白鷺洲) located in Lingao County, featuring vacation products, won active subscriptions from those who wanted home upgrading and recorded ideal transactions. It verifies the correct prediction and the competitive advantages of JY Grandmark regarding market layout and product strategy.
Increased Land Bank to Accelerate Geographic Deployment
In 2020, the Group also actively expanded the land bank and acquired more high-quality lands in the existing markets with established brand effect. In the meantime, the Group focused on Yangtze River Delta, provincial capitals in central and western China and hotspot cities to seek opportunities. Throughout the year, the Group acquired a total of 12 lands via bidding in three hotspot provinces, Guangdong, Yunnan and Jiangsu, adding 1,141,000 sq. m. to the reserve development area. In the investment of lands acquired, the Group adopted the cooperation model for some projects and developed the projects in collaboration with strong real estate enterprises to improve the overall benefit. As at 31 December 2020, the total gross floor area of the Group’s land reserves reached approximately 4 million sq.m..
Good performance on operational indicators and credit rating gained recognition from the capital market
With the good performance of operational indicators and credit rating, the Group won the recognition of the capital market and further developed the financing and credit channels. In March 2020, the Group successfully issued US$150 million of senior notes with the coupon rate of 7.5%. In December 2020, the Group entered into a facilities agreement of HK$734 million with certain financial institutions. As of 31 December 2020, net gearing ratio was at an industry-low level of 16.9%, decreased by 30.2 percentage points from 47.1% as of 31 December 2019. The Group will continue to optimise the asset-debt structure and maintain adequate liquidity in the long-run.
Property management recorded strong operational indicators
During the Year, Zhuodu Property (卓都物業), the property management arm of the Group, recorded strong operational indicators: the chargeable area under management reaching 662,400 sq.m., representing an increase of over 210% yoy; the revenue reaching approximately RMB18.3 million, representing a growth of approximately 27.1% yoy. What is worth noticing is that in addition to the basic property management fees, approximately 30% of the revenue of the property management arm were sourced from other operational businesses, and innovative businesses will also become the revenue growth drivers that Zhuodu Property will focus to develop.
Hotel operations actively developed the market
Two Just Stay hotels seized the opportunity of stable epidemic development and consumption release, launched promotion activities in line with the trend and actively developed the market, thereby ushering in the “peak season” with high occupancy and recovering the operational loss caused by the pandemic. In 2020, Just Stay Hotel (廣州卓思道酒店) and Just Stay Resort (從化卓思道溫泉度假酒店) recorded an aggregate revenue of about RMB61.4 million and the operating results remained stable.
Strengthening urban renewal business with target land bank of 4 million sq.m.
Policies will open channels for such businesses as urban renewal. At present, the Group is actively studying the feasibility of several urban renewal projects, such as the core areas of Guangzhou and Foshan. The overall planning area is approximately 4 million sq.m., which is planned to be gradually converted in the future, thereby bringing rapid growth to the land reserve and results of the Group.
Mr. Michael Chan, Chairman and Executive Director of JY Grandmark said, “In 2020, the world’s economy has slowed down due to the impact of COVID-19. Amid the pandemic, China’s economy witnessed a turnaround and recorded a growth over the year, bringing a positive signal and confidence to the recovery of all sectors and the improvement of business environment. The Company responded promptly to the epidemic, strictly followed the government’s instructions to implement epidemic prevention and control and realised safe resumption of work. It also leveraged its core advantages. The Group sprinted to the business performance objectives with collective wisdom and concerted efforts, united to recover from the impact of COVID-19 and achieved a robust growth.”
“The Group anticipates that the overall domestic property market will trend positive in 2021: on the one hand, demands of objective nature in the property market will be further released as the consumption recovers, which will stimulate the sales volume; on the other hand, policies will open channels for such businesses as urban renewal, and property investment and development will embrace new opportunities and growth points. Furthermore, new turning points emerge in the consumption market after the epidemic, with the focus on location and price changing to the focus on integrated experience that covers multiple aspects including products, supporting facilities and property services. This change will bring opportunities to the Group’s position as an ‘Eco-friendly and People-oriented Property Developer’.”
“Looking into the future, the Group will seize the policy opportunities and follow the process of city planning and urbanisation to develop the urban renewal business in regions of high conversion and growth potential. Based on the business strategy of diversified development, the Group will strengthen the resource coordination in businesses of property development, property management, hotel and commercial operation, to maximise the productivity of business segments. The post-epidemic era highlights the advantage of ‘Eco-friendly and People-oriented Property’. By creating products with unique competitive advantages, the Group will improve the brand recognition and influence. In 2021, the Group will maintain the existing development advantages and improve the competitiveness to promote high-quality growth and rapid scale expansion, so that it will create greater value for owners and shareholders.”
New Advanced Energy Compact Power Factor Correction Module Enables Greater Power Efficiency for Wide Range of High-Voltage Applications
Next-generation module optimizes utilization of electrical power for medical devices, unmanned aerial and terranean vehicles and a wide range of industrial applications
DENVER, COLORADO – Media OutReach – 25 March 2021 – Advanced Energy Industries, Inc. (Nasdaq: AEIS) – a global leader in highly engineered, precision power conversion, measurement and control solutions – today announced the launch of the Artesyn AIF06ZPFC series, a power factor correction (PFC) module that packs greater efficiency and density into a compact brick, the size of a smartphone. The AIF06ZPFC module is ideal for a wide range of high-voltage applications including medical devices, unmanned aerial and terranean vehicles, and industrial applications where extreme heat and cold are a significant factor.
“As a global leader in the design and manufacture of highly reliable power conversion solutions, we continuously strive to stay ahead of the innovation curve to meet the needs of our customers—often before they know what they need,” said Andy Brown, director of technical marketing, DC-DC, Advanced Energy. “The AIF06ZPFC series provides even better performance than our previous generation module, with greater efficiency and more functionality, including digital control and internal inrush limiting. This all combines to make the AIF06ZPFC easier to integrate and use, and we are already seeing some really interesting applications for this compact PFC brick.”
The AIF06ZPFC allows customers to pack more power into an application without having to increase the size of the module. Rated at 2400 watts, the module has a high conversion efficiency of 97.3 percent and provides a nominal non-isolated output voltage of 400 Vdc. This module series can be used as a standalone power supply in a diverse set of applications such as dental X-ray equipment, insulation tests, process control and automation and high-voltage motors and pumps. It is also ideal for applications such as tethered drones, where a high DC voltage source at low current is needed for power transmission over longer distances.
The AIF06ZPFC offers extensive monitoring, protection and adjustment capabilities, enabling applications to meet next-generation digital requirements. The built-in Power Management Bus (PMBus®) interface provides a full suite of commands and controls. The interface enables digital communication with other connected factory software and applications to deliver on the promise of Industry 4.0. The module also features a built-in, market-leading and patented inrush limit control function, which significantly simplifies application design for engineers by eliminating the standard industry requirement to provide this function with external equipment.
The AIF06ZPFC is available from Advanced Energy’s global network of sales representatives, distributors and value-added resellers. Full product details and technical specifications are published in the data sheet and on the product page of the company website.
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. AE’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial, manufacturing, telecommunications, data center computing, server storage and healthcare. With engineering know-how and responsive service and support around the globe, the company builds collaborative partnerships to meet technology advances, propel growth for its customers and innovate the future of power. Advanced Energy has devoted more than three decades to perfecting power for its global customers and is headquartered in Denver, Colorado, USA. For more information, visit www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance.
Employers Say Adaptive Skills More Critical To Business Viability Since Covid-19 Pandemic: NTUC LearningHub Survey
- Adaptive skills have grown in importance since the start of the COVID-19 pandemic
- Effective communication topped the list of key skills needed for business viability and it has grown in importance since last year (voted by 68% in 2021 vs 48% in 2020)
- Teamwork is the second most important skill (55%), followed by Leadership (53%), Negotiation and Influencing skills (51%) and Digital Marketing (50%)
SINGAPORE – Media OutReach – 25 March 2021 – Since the start of the pandemic, workforce competencies have had to evolve, resulting in the increasing importance for adaptive skills in the workplace. In particular, more employers say that Effective Communication is key to business viability, making it the increasingly most sought-after skill (voted by 68% in 2021 vs 48% in 2020). This is one of the key findings in the recent NTUC LearningHub‘s Employer Skills Survey report.
The survey, which was conducted in February 2021 with business leaders across Singapore, aimed to uncover the most in-demand skillsets a year after the pandemic. The findings include the top skills by industry cluster: Built Environment, Essential Domestic Services, Lifestyle, Manufacturing and Professional Services, and Trade and Connectivity.
As the job market evolves to adapt to the long-lasting impact of COVID-19 on the workplace, more employers require workers to possess both adaptive and digital skills that enable them to work remotely in new environments. Effective Communication, an adaptive skill that helps close information gaps in times of uncertainty, establish clear expectations, and align purpose among employees, has become increasingly important in industries including Manufacturing (74%), Essential Domestic Services (71%), and Lifestyle (50%).
Overall, while digital skills were voted by many employers, adaptive skills have topped the list of competencies which are business imperatives while having increased in importance. Teamwork is the second most important skill (55% in 2021 vs 52% in 2020), followed by Leadership (53% in 2021 vs 45% in 2020), Negotiation and Influencing skills (51% in 2021 vs 46% in 2020) and Digital Marketing (50% in 2021 vs 44% in 2020).
Commenting on the findings, NTUC LHUB’s Chairman Eugene Wong, says, “As businesses adapt new modes of working, effective communication is crucial for companies to relay new systems and ways of doing businesses amongst their workforce. Teamwork and decisive leadership are also key to navigating the new world order. In addition, as companies push for digitalisation to attract and retain consumers online, digital marketing remains a top skill. To future-proof a company’s viability as well as one’s employability, it is imperative to possess a hybrid set of coveted adaptive and digital skills.”
“COVID-19 continues to leave an indelible mark on the economy and jobs at large. To keep viable, many companies which have been pandemic-stricken have had to pivot business models and find new revenue streams. The workforce competencies required to support new ways of doing business therefore have to evolve and workers could stand to benefit from identifying these sought-after skills and upskill themselves where necessary,” he adds.
To download the Employers Skills Report 2021, visit: https://www.ntuclearninghub.com/employer-skills-report-2021/
About NTUC LearningHub
NTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working with employers and individual learners to provide learning solutions in areas such as Cloud, Infocomm Technology, Healthcare, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources and Foreign Worker Training.
To date, NTUC LearningHub has helped over 25,000 organisations and achieved over 2.5 million training places across more than 500 courses with a pool of over 460 certified trainers. As a Total Learning Solutions provider to organisations, we also forge partnerships and offer a wide range of relevant end-to-end training solutions and work constantly to improve our training quality and delivery. In 2020, we have accelerated our foray into online learning with our Virtual Live Classes and, through working with best-in-class partners such as IBM, DuPont Sustainable Solutions and GO1, asynchronous online courses.
For more information, visit www.ntuclearninghub.com.
