NEW YORK, US/GENEVA, SWITZERLAND – Media OutReach Newswire – 21 November 2024 – For the first time, an insurance payout has been triggered by the International Federation of Red Cross and Red Crescent Societies’ Disaster Response Emergency Fund (‘IFRC-DREF’), as demands for disaster relief surpassed its ‘deductible’ threshold.
A Bangladesh Red Crescent volunteer helps a lady away from her flooded home following Cyclone Remal. The response was part funded through an IFRC-DREF allocation Photo: BRCS
The IFRC-DREF is a vital fund that provides immediate funding for National Red Cross and Red Crescent Societies when disasters strike, especially for smaller-scale emergencies that may not attract global attention. Previously, the fund could run dry before year-end, prompting the IFRC to secure a groundbreaking — and humanitarian-sector first — indemnity insurance policy with Aon and reinsurers.
Since the start of 2023, and for an annual premium of CHF3m, the IFRC-DREF ‘pot’ has been insured on an indemnity basis. A potential payout of up to CHF15m is available if, or when, demands on the IFRC-DREF fund because of natural hazard-associated disasters hit a certain threshold — a ‘deductible’ set at CHF33m in one calendar year. For the rest of the calendar year, further demands on the IFRC-DREF for natural hazard disasters are covered by the insurance payout, up to that total maximum of CHF15m.
In 2023, the threshold was not reached so the policy did not pay out. But in 2024 it has been, with allocations to respond to Super Typhoon Yagi in Asia last week tipping IFRC-DREF spend over the insurance trigger threshold. Overall, there have been almost 100 separate IFRC-DREF allocations in 2024; combined those to respond to the impacts of eligible natural hazards have exceeded CHF 33m. When National Red Cross and Red Crescent Societies make further requests of the fund in September, October, November or December, allocations to respond to natural hazard disasters will be paid for by the commercial insurers, up to that CHF15m cap.
The IFRC’s Under Secretary General for Global Relations and Humanitarian Diplomacy, Nena Stoiljkovic, announced the insurance payout at an event at the United Nations General Assembly in New York on Wednesday.
Ahead of it, Ms Stoiljkovic said:
“The triggering of the IFRC-DREF insurance policy is a significant moment. For the first time ever a single, worldwide, commercial indemnity insurance policy will pay the emergency humanitarian costs of disasters. The scale of the needs caused by 2024’s disasters is sobering. But the fact the insurance is helping with the burden is good news and proof that there are innovative finance solutions that we hope to grow in coming years.”
The IFRC has plans to grow its IFRC-DREF insurance, to widen coverage beyond disasters caused by natural hazards — to epidemics and anticipatory action, for example. It hopes grant donors will see the added value of contributing to the IFRC-DREF fund if their humanitarian contributions could potentially be multiplied in particularly calamitous years.
Notes to journalists
In 2024, IFRC-DREF allocations so far have been paid, among others to:
Maldives Red Crescent to help deal with a Filariasis outbreak in January (CHF 299,986)
Chile Red Cross to help deal with wildfires in February (CHF 496,982)
Eswatini Red Cross to help with its drought response in March (CHF 546,683)
Iraqi Red Crescent to help with it deal with Flash Floods in April (CHF 499,900)
Honduran Red Cross to help it deal with a hospital fire in May (CHF 336,394)
Armenia Red Cross to help its response to floods in June (CHF 499,759)
Venezuelan Red Cross in the aftermath of Hurricane Beryl in July (CHF 270,049)
Philippines Red Cross after floods in August (CHF 738,170)
Cameroon Red Cross after floods in September (CHF 421,471)
The single largest allocation so far in 2024 was to the Sudanese Red Crescent after floods in September (CHF 943,271); the single ‘smallest’ allocation was the Red Cross of Equatorial Guinea after a shipwreck in July (CHF 24,962).
More data is available by searching ‘DREF’ under ‘Appeal Type’ at the ‘IFRC’s Go Platform’
1 CHF = 1.19 USD
IFRC-DREF insurance is co-funded by InsuResilience Solutions Fund (ISF) to support project preparatory work, development and refinement of the insurance product as well as premium funding.
IFRC-DREF insurance is also made possible by generous support in paying the premium, particularly from the British Red Cross, the Danish Red Cross and the British government (FCDO).
IFRC-DREF has provided rapid and efficient funding to local Red Cross and Red Crescent Societies before and after disasters strike since 1979. However, with the increasing frequency and intensity of disasters, particularly due to climate change, the demand for humanitarian assistance continues to grow.
More information on IFRC-DREF insurance can be found here: IFRC-DREF Insurance
For more information, for interviews, for quotes from IFRC-DREF partners or for video of IFRC and Red Cross Red Crescent responses to disasters contact media@ifrc.org
Hashtag: #Aon #IFRC
The issuer is solely responsible for the content of this announcement.
US Secretary of Defense Lloyd J. Austin (left) and Minister of Defense Chansamone Chanyalath (right)
Laos and the United States are set to deepen their development cooperation within the framework of US-ASEAN relations, as US Secretary of Defense Lloyd J. Austin visited Laos on 19 November.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 21 November 2024 – As a critical resource in the global economy, oil is integral not only to the energy sector but also to industries such as transportation, manufacturing, and agriculture. Changes in its prices impact inflation rates, production costs, and global trade. For instance, oil price increases can accelerate global inflation. This effect ripples through various sectors, with higher transportation and production costs driving up prices for goods and services worldwide. Kar Yong Ang, a financial market analyst at Octa Broker, deciphers current oil market trends, elucidating the economic and trading implications for market participants to consider.
Current state of the oil market In 2024, the global oil market faces an intricate balance of supply and demand, with production hovering around 101.5 million barrels per day, closely mirroring daily consumption. OPEC+, primarily responding to concerns over weak demand due to slowing economic growth in major markets, recently implemented production cuts aimed at reducing volatility. Unlike previous measures driven by supply shortages, this strategic adjustment seeks to stabilise prices amid shifts in market sentiment and to offset demand uncertainties from countries like China. Furthermore, sanctions affecting Russian oil exports have introduced additional market opacity due to shadow fleet operations.
Macroeconomic activity in major oil consumers, including the U.S. and China, continues to drive global demand trends. Studies suggest a 1% global GDP rise generally correlates with an approximate 0.8% increase in oil demand, underscoring how economic performance directly influences energy consumption. In recent months, U.S. demand has shown a moderate decline due to inflation and high interest rates, which have impacted consumer spending. China’s demand has been tempered by a stabilising growth rate, signalling a softening in oil demand from Asia’s largest economy.
Last autumn price peaks have given way to a more recent stabilisation, with oil prices now ranging between $70 and $75 per barrel. As of middle November 2024, Brent crude was trading around $71.97, while West Texas Intermediate (WTI) stood at $68.04 per barrel. This recent dip from the previous week reflects the market’s sensitivity to both demand forecasts and ongoing geopolitical factors.
Factors that affect the oil market Political tensions in oil-producing regions play a significant role in shaping global oil prices. For example, recent sanctions on Russia have limited its oil export capabilities, impacting around 4 million barrels per day, or roughly 5% of global supply. Additionally, production cuts by OPEC+ have introduced further supply restrictions to stabilise prices. Such geopolitical decisions highlight the importance of political stability in the oil sector.
In the U.S., recent political shifts could lead to policy changes impacting domestic oil production. Donald Trump’s re-election signals a potential return to deregulation, favouring domestic production growth. His prior administration expanded U.S. oil output to a record high of 13 million barrels per day in 2019, and similar policies could drive further supply increases. Higher U.S. production, however, could introduce more supply into the global market, likely exerting downward pressure on prices and potentially increasing market volatility.
Technological advancements and a shift towards renewable energy are gradually reducing the reliance on traditional oil. The International Energy Agency (IEA) projects that by 2040, renewable sources could meet over 40% of global energy demand, as countries aim to cut carbon emissions in line with climate goals. Despite these shifts, oil is expected to remain essential for sectors like aviation and heavy manufacturing, although overall demand may see a decline in the coming decades.
Future prospects of the oil market OPEC+ production decisions, global economic recovery trends, and seasonal demand patterns will likely influence short-term oil market dynamics. Seasonal heating demand during the winter months typically drives prices upward, especially in colder regions. Emerging markets, particularly in Asia, are anticipated to see steady growth in oil demand as industrial activity expands. This short-term demand increase could provide upward pressure on prices, balancing out some of the recent supply constraints.
In the long term, the oil market faces a transformative shift as renewable energy adoption accelerates. With governments worldwide investing heavily in sustainable energy infrastructure, global oil demand is projected to decline gradually over the next two decades. According to the IEA, global oil consumption could decrease by as much as 25% by 2040 as electric vehicle adoption and green technology become mainstream. This energy transition poses both challenges and opportunities for the oil sector, requiring adaptation to shifting consumer demands.
Trump’s victory could significantly influence oil market dynamics through policies that favour the oil and gas sector. His administration previously prioritised energy independence, implementing deregulation policies that boosted domestic production. A return to such policies could lead to increased U.S. output, potentially intensifying competition in the global market and affecting price stability. Additionally, shifts in foreign policy could reshape trade relations with major oil-producing nations, impacting global oil flows.
Oil remains a critical asset within the global economy, influencing inflation, production costs, and economic stability. At the same time, the asset’s price is affected by geopolitical stability, OPEC decisions, technological advances, environmental policies, global supply and demand, as well as the US dollar strength since the price of oil is commonly denominated in US dollars. Traders and investors should monitor these factors to be aware of recent market trends and to be able to identify potential price movements more carefully. Hashtag: #Octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.
SINGAPORE – Media OutReach Newswire – 21 November 2024 – Get ready to turn back time and immerse in the golden age of Canto Pop! On December 18, 2024, at *SCAPE The Ground Theatre, Queen Inc. celebrates decades of iconic music with the Queen Inc 20 Years Concert : DF The Canto Reunion Concert, a night to remember for fans of classic hits and unforgettable performances.
A Night of Legends and Timeless Hits Headlining the concert is the legendary King of Canto Pop, William Scorpion, flying in from Thailand to reignite the flame of nostalgia. Joining him is the charismatic Deehellsix, Queen Inc.’s bandleader, along with a star-studded ensemble of performers who once lit up the Dragonfly stage. Together, they’ll deliver a repertoire of Canto Pop classics by legends like Beyond, Leslie Cheung, Andy Lau, and Faye Wong, ensuring a night filled with timeless melodies and memories.
Deehellsix Shares the Vision Reflecting on the concert’s significance, Deehellsix said: “We aim to recreate the electrifying experience that defined local performances decades ago. This reunion is about honoring our roots and bringing the magic back for fans, both old and new.”
Brought to you by Alola: Effortless Planning, Unforgettable Memories This concert is proudly brought to you by Alola, the AI-powered travel lifestyle platform designed to make planning and booking effortless. Marcus Lim, Founder of Alola, shared his excitement: “At Alola, we believe it’s the little moments that leave the biggest impact, just like the timeless melodies and unforgettable experiences this concert will bring.”
Afterparty at Shang Live Music House The celebration doesn’t end with the concert. Continue the Canto craze at Shang Live Music House, the perfect spot to keep the vibes alive with its pulsating beats, dazzling ambiance, and stellar performances that unite music lovers in rhythm and connection.
Mark Your Calendar! Don’t miss this unforgettable night of music, memories, and the very best of Canto Pop. Tickets are limited, so book now and relive the magic of the golden era with the legends who defined it!
Concert Details: Queen Inc 20 Years Concert : DF The Canto Reunion Date: 18 December 2024 Venue: *SCAPE The Ground Theatre Time: 7pm – 2.30am Jointly organized by Queen Inc and EBX Live!
Tickets starts from $88 (Free Standing), $588 (VIP Table) and $1888(VVIP Table). Tickets are available for purchase at https://take.app/queeninc
After Party Details: Date: 18 December 2024 Venue: Shang Live Music House 407 Havelock Rd, #01-01, Singapore 169634 Time: 11.30pm – 3am Hashtag: #FantasticBrandHolding
The issuer is solely responsible for the content of this announcement.
About the co-organiser Ebenex @ebx.live @ebx.sg
Ebenex is a premier provider of comprehensive event solutions, specializing in live, virtual, and hybrid events.
Being a part of over 3000 successful productions since 2005, including major events like the National Day Parade, Ultra Music Festival, and A-list concerts.
Their division, EBX Live!, has successfully promoted concerts such as Vertical Horizon and Junny in Singapore.
BANGKOK, THAILAND – Media OutReach Newswire – 21 November 2024 – ComApS.E. Asia, a leader in sustainable energy solutions, has been honoured, together with dozens of other companies, with the Green Innovation Award at the prestigious Asia Corporate Excellence & Sustainability (ACES) Awards 2024, organised by MORS Group. This recognition underscores ComAp S.E. Asia’s exemplary innovation in sustainable power production, showcasing initiatives aimed at reducing the environmental impact of produced energy, enhancing resource efficiency and employing alternative technologies to provide hybrid and resilient power solutions.
ComAp S.E. Asia Pte. Ltd. Managing Director, Bhuneshwar Prasad (centre), proudly accepts the prestigious ACES Awards trophy on stage from Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Mr. Luis Bueno Nieto, Advisor to the ACES Council (right).
“Our journey has been one of resilience and commitment—our team faced the challenge of integrating diverse energy sources in remote locations, which tested our expertise and ingenuity. Overcoming this taught us the importance of adaptability and innovation. This award truly reflects our core value of sustainability, which is woven into everything we do. Looking ahead, we’re committed to pushing the boundaries of clean energy solutions, particularly in underserved communities, to create a more sustainable future for all,” says Bhuneshwar Prasad, Managing Director of ComAp Southeast Asia.
In recognition of ComAp’s efforts, the ACES Council comments, “ComAp S.E. Asia has set a remarkable benchmark in sustainable energy management by seamlessly integrating innovative control systems that are transforming energy landscapes across Southeast Asia.”
Hybrid Microgrid Solutions for Integrating Diverse Energy Sources
Since its establishment in 2011, ComAp S.E. Asia has specialised in hybrid microgrid control, utilising the latest technological advancements to develop adaptable solutions that integrate diverse energy sources, including solar, wind, diesel, and battery storage systems. These innovative systems empower communities, industries, and businesses to optimise energy consumption, reduce operational costs, and decrease reliance on conventional fuels. ComAp S.E. Asia is a subsidiary of its parent company, ComAp, headquartered in Prague, Czech Republic.
Resilient, Efficient and Sustainable Power for Remote Communities
In remote and off-grid locations, ComAp’s microgrid projects in the Philippines and Indonesia have demonstrated substantial improvements in energy reliability and sustainability, showcasing the effectiveness of its control systems.
In the Rarotonga hybrid microgrid in the Cook Islands, the implementation of smart power management and load-sharing capabilities led to reduced fuel consumption and lower operational costs. Similarly, the Rottnest Island project in Western Australia integrated diesel generators with renewable energy sources, resulting in a 45% reduction in diesel usage.
Early Adoption of Environment, Social and Governance (ESG) Reporting
ComAp published its first-ever Environmental, Social, and Governance (ESG) Report this year, evaluating its performance in 2023. With this report, ComAp is prepared for the European Sustainability Reporting Standards (ESRS), which will take effect in two years. The company has closely analysed its performance in relation to sustainability, undergoing double-materiality analyses, ESG-related risk analysis and carbon footprint calculation, while setting targets and ambitions for the future, including reducing Scope 1 and 2 emissions by 50% by 2030.
The issuer is solely responsible for the content of this announcement.
About ComAp
ComAp designs and delivers smart control solutions for power generation and energy management that empower the world’s transition to sustainable energy. By combining our expertise, innovative mindset, and new technologies, we build highly flexible, intuitive and scalable solutions that support our customers’ power control needs anytime, anywhere. ComAp was established in 1991 in Prague, Czech Republic. The company now operates in 26 offices and 15 subsidiaries globally and has over 550 employees. In 2023, ComAp generated 89 million EUR in revenue.
Celebrate the Art of Gifting with Sarah Andelman’s First Large-Scale Installation in Asia Featuring Collaborations with 10 Renowned International Artists
Join Us at LANDMARK for a Creative Workshop with Japanese Artist-Duo, Ribbonesia, and Collect Limited-Edition Items from FriendsWithYou, Kasing Lung, Mr.A, Nina Chanel Abney—All In Support of Charity Partners Through Hongkong Land HOME FUND
HONG KONG SAR – Media OutReach Newswire – 20 November 2024 –This holiday season, LANDMARK invites Hong Kong to an exceptional celebration of the art of gifting. In collaboration with world-renowned cultural curator Sarah Andelman, “Wrap It Up! A Christmas Atelier at LANDMARK” marks her first large-scale installation in Asia. Inspired by Sarah’s discerning global perspective, LANDMARK will be transformed into an enchanting ribbon-filled wonderland, breathing new life into the cherished tradition of gift wrapping in an immersive and unique manner. Beginning on 21 November, clients are invited to explore this festive atelier, discovering the true allure of gifting and the joy of turning each present into a thoughtful, heartfelt treasure.
Curated by Sarah Andelman—the cultural connoisseur known for her refined taste and innovative contributions to contemporary retail as the visionary behind Just An Idea and legendary Parisian concept store, Colette—LANDMARK proudly collaborates with ten internationally celebrated artists: Ceizer, Fenwan Chen, Forlee Bean, FriendsWithYou, Gabriela Noelle, Kasing Lung, Katerina Jebb, Mr.A, Nina Chanel Abney and Ribbonesia.
This illustrious alliance comes together to reimagine the very essence of gift wrapping, creating a series of meticulously designed experience zones, along with exclusive designer ribbon collections, and limited-edition collectibles, all curated for discerning LANDMARK customers. All visual elements and graphic design for this project have been crafted by the Parisian creative studio Faye and Gina, under Sarah Andelman’s artistic direction.
In Sarah’s words, “Collaborating with LANDMARK for my first large-scale installation in Asia was natural, as it stands out as a distinctive global destination in the dynamic heart of Hong Kong. The energy of this space aligns beautifully with my vision, offering a vibrant canvas for creativity and artistic expression. Together, we rekindle the joy of thoughtful gifting and create a magical experience that resonates with both locals and visitors alike.”
The Christmas Atelier Experience
Blending physical and digital elements, Sarah and the 10 artists have conjured 12 dynamic experience zones on stage, along with 6 more offstage experiences within LANDMARK ATRIUM. Guests will embark on a journey to explore the art of gifting in this immersive ribbon installation.
They’ll find delightful ribbon-themed games and interactive wonders, along with a range of personalised experiences onstage. Guests can design and print their own ribbons, and transform cheerful snapshots into custom postcards to share this joyful experience with someone special. Those who secure a spot in the exclusive Ribbonesia Workshop will have the opportunity to add personal touches to the hand-crafted ribbon ornaments by Japanese ribbon master Ribbonesia, bringing home a one-of-a-kind festive keepsake.
The popular character ‘Zimomo’ by Kasing Lung makes a grand entrance at the ‘Wrap It Up!’ installation at LANDMARK with an awe-inspiring, 2.5-metre-tall Christmas display, destined to be the holiday photo spot. Numerous stunning installations will also be unveiled throughout LANDMARK ATRIUM, both onstage and off. Whether posing with the giant pink cushion compact at The Beauty Spot, enjoying the Ribbon Dreams Swing or exploring the Ribbon Wonderland filled with Ribbonesia’s beautiful masterpieces, participants are guaranteed a picture-perfect moment. These unforgettable photo opportunities are sure to leave you with cherished memories that will sparkle long after the holiday season.
Mr. Alexander Li, Director and Head of Retail, Hong Kong & Macau, Hongkong Land Limited, says: “We are thrilled to be able to bring world-class visionaries such as Sarah Andelman to LANDMARK and Hong Kong – it demonstrates the continued attraction of this city as a globally recognised destination. This holiday season we invite clients to take the opportunity to immerse themselves in the essence and beauty of the act of gifting, from design to production, selection and purchase. Through our Atelier, we hope clients can use ribbons and wraps to add their own final and special touch for somebody they love.”
Visit the LANDMARK website to reserve your time slots for all Christmas installation activities and embrace the spirit of gifting, perfect for both adults and children!
Exclusive Collectibles for Charity Sales
Christmas is a season for giving, and LANDMARK is elevating the festive spirit by collaborating with internationally acclaimed artists to showcase limited-edition items for charity sales. Among the must-have collectibles are our exclusive designer ribbon collections, each featuring unique artwork by celebrated artists, as well as five exquisite, handcrafted ribbon ornaments created by Ribbonesia, a fabulous range of Catsk8 collectibles by Hong Kong-based artist Forlee Bean, and a limited-run of Wrap It Up! iPhone cases by CASETiFY. Also, stay tuned for a special edition Zimomo collectible, to be unveiled at a later date! Consistent with the theme, LANDMARK will feature two gift wrapping stations, allowing customers to have their gifts wrapped while contributing to charity.
Sarah Andelman has supported this charitable cause by offering a handpicked selection from her publishing company, Just an Idea Books, for charity sales. Each piece showcases her unique taste and style, making them a delightful addition to any collection.
LANDMARK is also partnering with the Landmark Mandarin Oriental Hong Kong to present a festive cake shop featuring specially crafted holiday pastries for a limited time only. A highlight of The Cake Shop by LMO-Freshly Baked is the debut of ‘sacai THE cake by Richard Ekkebus,’ the Michelin-star chef from Amber who has teamed up with Japanese fashion brand sacai to create a special “S” shaped cake (limited quantities daily) in celebration of the holiday season.
Supporting Local Charities This Giving Season
The net proceeds from ticket sales for the stage experiences, as well as earnings from the Charity Sales, Cake Shop, Gift Wrapping Counter and Christmas charity booths, will benefit Hongkong Land HOME FUND’s supported charities, aiding their efforts to assist young people and underprivileged children in Hong Kong. The beneficiaries include Caritas Hong Kong, dedicated to offering relief and rehabilitation services to the poor and the distressed; the Hong Kong Christian Service (HKCS), which supports and inspires the disadvantaged and the neglected through over 100 service units across Hong Kong; and Light Be, a pioneering housing organisation that empowers youth and families with children; and Make-A-Wish Hong Kong, which fulfils the dreams of critically ill children. Customers can also donate toys from 21st November 2024 to 1st January 2025, at the concierge on 2/F of LANDMARK ATRIUM and G/F of LANDMARK Prince’s, sharing love with children in need.
Continuing our tradition of community support, this Christmas is especially meaningful thanks to our business partners and tenants. Building on the success of last year’s campaign, “Christmas Trees of Hope,” Hongkong Land HOME FUND has once again invited tenants and partners to support Hong Kong’s community by sponsoring Christmas trees across the Central Portfolio. This year, the donation opportunity has also extended to LANDMARK’s pedestrian bridges, where donors have also donated to adorn the bridges, fostering a warm and cheerful ambiance across Hongkong Land’s Central portfolio.
Unlock Exclusive Gifting Season Rewards*
In addition to the experience at LANDMARK ATRIUM, from 21st November to 26th December 2024, customers can enjoy exclusive Gifting Season Rewards. Every shopping excursion or culinary experience at our 70+ dining destinations will unlock special privileges designed to enhance Christmas festivities.
Shoppers will earn up to 5x BESPOKE Rewards Points, along with festive rewards and gifts, and benefit from our exquisite gift-wrapping service. As a special touch, a curated festive collection of treats from Mandarin Oriental, Charbonnel et Walker, See’s Candies, Townhouse, Bed & Bath and Bookazine will be available, ensuring that each thoughtfully chosen present carries heartfelt blessings.
*Terms and conditions apply. Please refer to website for more details.
Gifting Season Rewards 21st November – 26th December 2024 Early Bird Period: 21st November – 11th December 2024
Event Details Wrap It Up! A Christmas Atelier at LANDMARK curated by Sarah Andelman Date: 21 November 2024 to 1 January 2025 Opening Hours: 10:30am – 7:30pm Location: G/F, LANDMARK ATRIUM
Pass Type
Access Details
Price
Onstage Experience Pass
11 onstage experiences (The Ribbonesia Workshop not included)
HK$100 / Person
Onstage Experience Pass & The Ribbonesia Workshop Pass
12 onstage experiences (The Ribbonesia Workshop included)
HK$180 / Person
Collectibles for Charity Sales
Hashtag: #LANDMARKHK
The issuer is solely responsible for the content of this announcement.
About LANDMARK
LANDMARK represents the epitome of top-tier luxury shopping and lifestyle experiences. Drawing from a rich heritage which began in 1904 – LANDMARK today is the luxury shopping destination of Hongkong Land’s Central portfolio including 4 iconic connected buildings, LANDMARK ATRIUM, LANDMARK ALEXANDRA, LANDMARK CHATER and LANDMARK PRINCE’S. LANDMARK offers approximately 208 of the finest stores and restaurants, all seamlessly linked by pedestrian bridges. From high fashion and accessories to watches and jewellery, from luxury living to beauty and grooming, from international cuisine to authentic gourmet dining, LANDMARK brings the ultimate shopping experience to the discerning customer.
About Hongkong Land
Hongkong Land is a major listed property investment, management and development group. The Group focuses on developing, owning and managing ultra-premium mixed-use real estate in Asian gateway cities, featuring Grade A office, luxury retail, residential and hospitality products. Its mixed-use real estate footprint spans more than 850,000 sq. m., with flagship projects in Hong Kong, Singapore and Shanghai. Its properties hold industry leading green building certifications and attract the world’s foremost companies and luxury brands. The Group’s Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. The Group has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures and five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing. In Shanghai, the Group owns a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, which is due to be completed in 2028. Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Hongkong Land is a member of the Jardine Matheson Group.
Cinnaminson, New Jersey – Newsfile Corp. – November 20, 2024 – GKN Hoeganaes, a division of GKN Powder Metallurgy and one of the largest iron powder producers globally, today announces a strategic collaboration with First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”). This partnership marks a significant step toward establishing a North American supply chain for lithium iron phosphate (LFP) batteries, a critical component for the electric vehicle (EV) and energy storage industries.
The partnership follows GKN Hoeganaes’ successful integration of First Phosphate’s magnetite into its proprietary Ancorsteel melting process. This innovative process has led to the development of a high-purity iron powder, which serves as a precursor for lithium iron phosphate cathode active material, necessary for the production of LFP batteries.
LFP batteries, known for their cost-effectiveness, safety, and stable raw material availability, are increasingly in demand for EVs and stationary energy storage systems. In support of this demand, the collaboration marks one of the first substantial efforts to establish a North American production line for LFP battery components, helping reduce dependency on international supply chains.
“Partnering with First Phosphate enables us to contribute our advanced iron powder technology to a rapidly growing industry that is focused on clean and efficient energy storage solutions”, said Matthias Voss, President at GKN Hoeganaes. “This collaboration underscores our commitment to fostering a local supply chain for LFP batteries, addressing both sustainability and technological innovation.”
First Phosphate is set to integrate high purity Ancorsteel into its upcoming iron phosphate precursor (FP pCAM) and lithium iron phosphate cathode active material (LFP CAM) production facility in Saguenay-Lac-St-Jean, Quebec, with ambitions to reach 400,000 tonnes per annum by 2032. Supporting this vision, GKN Hoeganaes is prepared to scale its Gallatin, Tennessee operations, already the world’s largest steel atomizing plant, and will be providing its research and development facilities in Cinnaminson, New Jersey, for process enhancement and optimization.
“Working with GKN Hoeganaes to bring Ancorsteel to the market is a vital step in advancing our mission to create a sustainable and locally sourced LFP battery supply chain”, said John Passalacqua, CEO at First Phosphate. “This partnership combines our high-quality phosphate resources with GKN Hoeganaes’ expertise in iron powder production, setting the stage for a robust North American battery ecosystem.”
A key differentiator of this newly developed Ancorsteel material is its composition of sustainable North American iron scrap and magnetite, aligning with non-FEOC standards for domestic production. The partnership aims to secure the production of LFP batteries with domestic, circular, and environmentally friendly materials.
About GKN Hoeganaes GKN Hoeganaes, part of GKN Powder Metallurgy, is a world leader in the production of water atomized iron and alloy powders, all produced from locally-sourced scrap material. The business has large-scale powder production plants in North America (Gallatin, TN) and Europe (Buzau, Romania) to produce these materials, as well as a joint venture in Bazhou, China.
GKN Hoeganaes has produced powder for over 70 years and specializes in high volume, customizable metal powder production, tailored to fit customer requirements.
About GKN Powder Metallurgy GKN Powder Metallurgy is a world-leading provider of powder metal materials, components, and solutions. In co-development with its customers and business partners, the company uses a unique range of best-in-class powder metallurgy technology to solve complex challenges in the automotive and industrial industries, delivering sustainable and innovative solutions.
GKN Powder Metallurgy is dedicated to achieving sustainable goals by providing leading powder metal expertise, innovative engineering, and extensive process experience to transform ideas into reality.
Part of the Dowlais Group plc, GKN Powder Metallurgy employs over 5,000 forward-thinking experts across 28 manufacturing locations and two innovation centers, ensuring the highest level of engineering excellence around the globe.
About First Phosphate Corp. First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in a responsible manner and with low anticipated carbon footprint.
First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source.
First Phosphate is owner and developer of the Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec, Canada that consists of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.
Press Contact for GKN Powder Metallurgy: Christiaan P. Klaus Global Strategic Marketing Manager christiaan.klaus@gknpm.com
Press Contact for First Phosphate Corp: Bennett Kurtz Chief Financial Officer bennett@firstphosphate.com
Forward-Looking Information and Cautionary Statements This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; the Company’s plans for vertical integration into North American supply chains; the future demand for LFP batteries; the Company’s completion and operation of industrial facilities, including FP pCAM and LFP CAM production facilities, and the nature of the outputs and the timing of commencement of initial production from such facilities; the future integration of operations between the parties; and scaling of GKN Hoeganaes facilities the provision of R&D facilities.
These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; key personnel continuing their employment with the Company; continued increasing demand for LFP batteries; the Company obtaining necessary financing, approvals, equipment and technology, and the completion of all other matters necessary for the construction and operation of the Company’s industrial facilities, including FP pCAM and LFP CAM production facilities; and the scaling of GKN Hoeganaes facilities the provision of R&D facilities, within the disclosed timelines and on terms acceptable to the parties.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.
These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual report on Form 20-F dated July 8, 2024 and Management Discussion and Analysis dated October 21, 2024 which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The issuer is solely responsible for the content of this announcement.
TAIPEI, TAIWAN – Media OutReach Newswire – 20 November 2024 – As Taiwan’s leading tech media powerhouse, TVBS consistently pioneers in merging advanced technology with high-quality journalism, delivering timely and accurate global news to Taiwanese audiences. With the 2024 U.S. presidential election drawing close competition between the two main candidates, the vote-counting process captivated viewers in Taiwan. On election day, TVBS News Channel, TVBS Channel, and TVBS News Network collaborated exclusively with the American Broadcasting Company (ABC), utilizing live U.S. footage and implementing real-time AI voice recognition translation.
TVBS Anchor Liang-Chien Ching (left) discusses the vote count with Sam Houston State University Professor Lu-Chung Weng, delivering expert analysis and real-time updates.
TVBS anchors Georgina Fang and Ling-Chian Chin provided expert analysis on the vote count, offering viewers real-time election updates. TVBS News Network’s marathon special broadcast on YouTube employed a “diverse perspectives + local voices” strategy, attracting a young audience and reaching the trending charts with an impressive 1.5 million views. TVBS News Director Kit Ling Wong commented, “This year, through video connections, we invited U.S.-based key opinion leaders, Taiwanese living in the U.S., and renowned professors to delve into election topics that matter to young people, helping young viewers feel more connected to global events.”
TVBS Deliver Real-Time Updates and AI-Translated Trump Victory Speech
TVBS’s reporting team covered the election from multiple locations across the U.S., interviewing local voters and broadcasting live from the two major parties’ election headquarters. The “2024 U.S. Presidential Election Coverage” special on TVBS News Channel included live connections with U.S.-based correspondents, in-studio discussions with Sam Houston State University Professor Lu-Chung Weng, and real-time vote analysis by Anchor Georgina Fang on TVBS Channel. Their in-depth coverage of state-by-state vote counts and Trump’s victory speech set new viewership records. Exclusive footage from ABC was interwoven into TVBS’s broadcasts, offering viewers real-time election updates. Other TVBS election specials, including Focus Global News, TVBS Sisy’s World News, and TVBS News Talk, provided an in-depth analysis of global post-election dynamics, resonating strongly with audiences and leading YouTube live broadcasts to trend.
Throughout the vote-counting process, TVBS platforms employed sleek, streamlined visual designs to present real-time electoral vote updates, with anchors using touchscreens to explain swing state data. The most remarkable feature was the AI-powered real-time translation, including simultaneous translation of ABC’s vote-counting updates and Trump’s victory speech in the early afternoon Taiwan time. TVBS’s AI rendered accurate, fluent translations in sync with the original audio, allowing even viewers unfamiliar with English to follow the speech in real-time. Viewers noted, “Watching TVBS’s live coverage, we can really see the technological advancements in the media!”
TVBS Election Coverage Reaches 1.5 Million Views; Featured on LINE TODAY and Tamkang University’s Strategic Studies
TVBS News Network mobilized four hosts and eight domestic and international experts, plus U.S. correspondents, for a continuous seven-hour election coverage special on YouTube. At its peak, it attracted 30,000 simultaneous viewers and accumulated 1.5 million views within a day, hitting the YouTube trending charts! The “Understanding the U.S. Election” web page launched by TVBS News Network provided a one-stop resource for election information, featuring an intuitive interactive design to help readers grasp the policies and stances of both camps. Since its launch in September, it has garnered over 5 million views. TVBS’s precise and rapid reporting also positioned it as a news partner on LINE TODAY, providing over 1.4 million mobile users with up-to-the-minute election updates. Furthermore, TVBS News Network’s in-depth election coverage, appealing to younger audiences, has become a teaching tool in collaboration with Tamkang University’s Graduate Institute of International Affairs and Strategic Studies, making it an educational resource on election coverage.
Through comprehensive media strategies and staying abreast of global developments, TVBS remains committed to providing in-depth, forward-looking news planning and immediate event analysis. It aims to offer Taiwanese audiences a more profound, well-rounded understanding of global affairs. With the mission of “Bonding the World, Empowering Taiwan,” TVBS continues strengthening ties between Taiwan and the world. Hashtag: #TVBS
The issuer is solely responsible for the content of this announcement.