On 12 November, the Lao government hosted a meeting in Vientiane aimed at encouraging Lao nationals and those of Lao descent living abroad to reconnect with their homeland and explore investment opportunities that can contribute to the country’s socio-economic development.
The event, held under the theme “Love Your Home Country” (Huk Ban Keud), was organized by the Committee on Relations of Lao People Abroad and the Lao Front for National Development.
Deputy Prime Minister and Minister of Foreign Affairs Saleumxay Kommasith led the discussions, urging Lao nationals abroad to reconnect with their roots, visit family, and consider returning to contribute to the country’s development. He emphasized that the government is eager to welcome investments that can help promote prosperity at the village and community levels.
The meeting also addressed Laos’s policies and development strategies, including proposals to ease residency rights and land ownership for the Lao diaspora. Other topics included strengthening cultural ties, particularly through maintaining the Lao language, organizing Lao Buddhist communities, and fostering business and technical development in the country.
As part of the event, the Department of Lao People’s Relations Abroad unveiled the official logo, which will be used throughout the event, scheduled from 9 to 16 November.
The logo features the Lao flag, the Thatlouang stupa, and the phrase “Love the Hometown.” The design symbolizes unity, with the flag representing national identity and sovereignty, and the Thatlouang stupa serving as a cultural symbol and a gathering point for the Lao diaspora, all under the unifying slogan of love for the homeland.
Highlighting Financial Risk Control Innovations, Actively Exploring Regional Collaboration Opportunities
SINGAPORE – Media OutReach Newswire – 13 November 2024– XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, attracted extensive attention last week at the Singapore Fintech Festival 2024. The event attracted a large number of visitors to XTransfer’s booth, where the company showcased its innovative cross-border payment solutions and advanced AI risk control technology. XTransfer solutions streamline the settlement process for B2B cross-border trade, significantly reduce costs, and enhance trade efficiency. Representatives from various foreign trade companies, banks, financial institutions, and government agencies visited the booth to learn more about XTransfer’s offerings.
XTransfer’s booth at the Singapore Fintech Festival attracted many visitors.
As one of the main official sponsors of the event, the company actively engaged in various activities. Bill Deng, Founder and CEO of XTransfer, participated in multiple roundtable discussions and met with representatives from Singapore and other governments, industry peers, and international financial institutions. He also served as a guest speaker at two stages. During the event, representatives from various banks and financial institutions, including Barclays, VISA, OCBC Bank, Maybank, and CIMB, visited XTransfer’s booth to learn more about the company. XTransfer actively seeks collaboration with banks and financial institutions from Singapore and the region, aiming to provide efficient, customised cross-border payment solutions for SMEs in the area, facilitate trade between Chinese and Singaporean SMEs, and support foreign trade transactions for Singaporean enterprises in various countries.
During the speech titled “Payment Solutions in the Era of Globalization: How Cross-Border Transactions for Businesses Are Facilitated”, Bill stated, “Despite current news and trends regarding deglobalisation, I still believe in the benefits of globalisation for the world economy. This is particularly true for SMEs involved in foreign trade, which drive globalisation forward day by day.“Bill also emphasised, “At the beginning of XTransfer’s establishment, we developed an anti-money laundering (AML) risk control infrastructure specifically for SMEs. By efficiently utilising AI and big data technology, assisting international banking institutions in connecting with foreign trade SMEs and providing them with streamlined cross-border financial services while ensuring secure and compliant trade practices.“
During the “Global Fintech Innovation: Insights from China” panel, Bill discussed China’s role in Southeast Asia and other emerging markets. He noted, “Trade between the two regions has always been robust, especially following the signing of the Regional Comprehensive Economic Partnership (RCEP), further strengthening the connection between China and Southeast Asia. We are committed to supporting SMEs in the region. Through close collaboration with internationally renowned banks, XTransfer offers global business account and local currency account services. We have also introduced the innovative “XTransfer-to-XTransfer Payment” (X2X Payment) service, which allows zero transaction fees and instant payments. This facilitates cross-border transactions for buyers and sellers worldwide while ensuring the security and compliance of all transactions.“
Bill Deng, Founder and CEO of XTransfer, gave a speech at the Singapore Fintech Festival.
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About XTransfer
XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, is dedicated to providing SMEs with secure, compliant, fast, convenient and low-cost foreign trade payment & fund collection solutions, significantly reducing the cost of global expansion and enhancing global competitiveness. Founded in 2017, the company is headquartered in Shanghai and has branches in Hong Kong SAR, the United Kingdom, the Netherlands, the United States, Canada, Australia, Singapore, Vietnam, Thailand, Malaysia, the Philippines, the UAE, Nigeria, etc. XTransfer has obtained local payment licenses in Hong Kong, the United Kingdom, the United States, Canada, and Australia. With more than 550,000 enterprise clients, XTransfer has become the industry No.1 in China.
By cooperating with well-known multinational banks and financial institutions, XTransfer has built a unified global multi-currency clearing network and built a data-based, automated, Internet-based and intelligent anti-money laundering risk control infrastructure centred on small and medium enterprises. XTransfer uses technology as a bridge to link large financial institutions and small and medium enterprises around the world, allowing SMEs to enjoy the same level of cross-border financial services as large multinational corporations.
XTransfer completed its Series D financing in September 2021 and achieved unicorn status. The Company possesses a diverse composition of international investors, including D1 Capital Partners LP, Telstra Ventures, China Merchants Venture, eWTP Capital, Yunqi Capital, Gaorong Capital, 01VC, MindWorks and Lavender Hill Capital Partners.
BANGKOK, THAILAND – Media OutReach Newswire – 13 November 2024 – Dusit International, one of Thailand’s leading hotel and property development companies, has signed a Memorandum of Understanding (MoU) with Tourism Development Fund (TDF), the national enabler of the tourism sector in Saudi Arabia, to establish a preliminary framework for developing hospitality projects that will enhance the country’s tourism infrastructure.
Signed at the World Travel Market 2024 in London, the MoU reflects the vibrant tourism investment opportunities in Saudi Arabia. Pictured (from right): Mohammad Al-Romaizan, Chief of Staff and Corporate Governance Officer, TDF; Her Royal Highness Princess Nouf Alsaud, Acting Director, Decision Support & International Partnership, TDF; Qusai Al-Fakhri, Chief Executive Officer, TDF; Jean-Pierre Trabut, General Manager, Dusit Thani Abu Dhabi; and Naif Al-Madi, Chief Business Officer, TDF.
Signed at the World Travel Market 2024 in London, the MoU signifies Dusit’s dedication to sustainable international expansion in key global markets and highlights TDF’s commitment to fostering international partnerships to develop luxury hotels and resorts across the Kingdom.
Saudi Arabia experienced 8.2% growth in inbound visitor spending within its travel account during the first half of 2024 compared to the same period in 2023, reaching approximately SAR 92.6 billion. The Kingdom also recorded a surplus in the travel account of around SAR 41.6 billion. This surge in visitor spending highlights Saudi Arabia’s significant achievements in tourism, as it led all G20 countries in international tourist arrivals and in the growth rate of international tourism receipts during the first seven months of 2024. Compared to the same period in 2019, international tourist arrivals increased by 73%, and international tourism receipts rose by 207%, based on data from UN Tourism.
Aligned with Saudi Arabia’s National Tourism Strategy and the Saudi Vision 2030 framework, TDF aims to diversify the Kingdom’s tourism sector by supporting high-impact projects focused on sustainable development and world-class infrastructure. Under the MoU, Dusit will collaborate with TDF to identify prime hotel development opportunities that leverage Dusit’s 75 years of hospitality expertise and diverse brand portfolio—ranging from lifestyle hotels to exclusive villa rentals. Together, they aim to deliver unique guest experiences and enduring value for hotel owners, investors, and the broader community.
“Dusit International is deeply honoured to sign this MoU,” said Ms Suphajee Suthumpun, Group CEO, Dusit International. “This marks a significant milestone for us as we seek to bring our unique brand of Thai-inspired gracious hospitality to one of the world’s most dynamic tourism landscapes. Saudi Arabia is a key focus for our growth, and partnering with TDF provides invaluable opportunities to connect with high-potential investments across the Kingdom. We look forward to contributing to Saudi Arabia’s National Tourism Strategy and delivering hotel experiences that bring enduring value to all stakeholders.”
With 301 properties in 18 countries, including eight hotels in the Middle East, Dusit’s portfolio features established brands such as Dusit Thani (luxury), dusitD2 (lifestyle/midscale), Dusit Princess (midscale), Dusit Suites (upscale/extended stay), and ASAI Hotels (affordable lifestyle). Dusit recently added Devarana – Dusit Retreats (luxury wellness) and Dusit Collection (bespoke luxury) to its expanding brand lineup.
In addition to hospitality, Dusit contributes to the industry through its educational arm, Dusit Hospitality Education, which includes Dusit Thani College, Le Cordon Bleu Dusit Culinary School, and The Food School, training future leaders in hospitality. Dusit’s expertise is further enhanced through its group-wide synergies with Dusit Foods, Dusit Estate (property development), and Hospitality-Related Services.
Hashtag: #dusitinternational
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About Dusit Hotels and Resorts
Dusit Hotels and Resorts is the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies. With a heartfelt belief and commitment to introducing Thai-inspired gracious hospitality to the world, Dusit Hotels and Resorts offers guests a uniquely special stay in high-style surroundings and a personalised approach to service. The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide.
Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Dusit Estate, and Hospitality-Related Services.
Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion and diversification.
UNFPA teams and Journalists visiting The Counseling and Protection Center for Women and Children, Lao Women's Union
Gender-Based Violence (GBV) is a widespread issue that can affect anyone, in any setting—even in seemingly safe spaces like the home. Women and children, however, are particularly vulnerable to such abuse.
SHANGHAI, CHINA – Media OutReach Newswire – 13 November 2024 – China Europe International Business School (CEIBS) today held a grand celebration at its Shanghai campus marking its 30th anniversary, a milestone representing decades of remarkable growth and global impact.
On November 8, 1994, with dedicated support from the Chinese government and European Union (EU) and driven forward by the Shanghai Municipal Government and the European Commission, CEIBS was established with Shanghai Jiao Tong University and the European Foundation for Management Development (EFMD) serving as its executive partners, ushering in a new chapter in Chinese management education. Over the past 30 years since, CEIBS has grown in tandem with the Chinese economy and developed alongside China’s integration with the global community. Committed to educating responsible leaders versed in “China Depth, Global Breadth” in line with its motto of “Conscientiousness, Innovation and Excellence”, CEIBS has achieved remarkable success in global management education and acted as a vital bridge for facilitating economic and cultural exchange between China and Europe. Now, the school continues to work towards its mission of becoming the most respected international business school in the world.
On behalf of Shanghai Municipal Government, Shanghai Mayor Gong Zheng extended warm congratulations to the CEIBS community and noted that, as a role model of EU-China cooperation, CEIBS has grown into a world-class business school and contributed greatly to Shanghai’s international profile. As the city aims to become a modern, globally impactful urban centre, Mayor Gong expressed his hope that CEIBS will continue its development into a top-tier global business school rooted in China. Key priorities, he added, include continuing to grow as a hub for cultivating top entrepreneurs, leading in innovation in global management education, and strengthening international collaboration to attract world-class companies and talent to Shanghai.
During a warm and insightful speech, EU Ambassador to China Jorge Toledo offered his congratulations to CEIBS, noting that over the past 30 years the school, as a joint venture between China and the EU, has grown from merely a “seed” into a mighty “tree” with over 30,000 alumni, and has provided management training for more than 260,000 executives worldwide. “I hope that China and the EU can resume normal business and investment relations through more people-to-people changes, and we believe that CEIBS has a big role to play in this regard,” he said, adding that the EU will continue to support CEIBS by providing any resources necessary for its development.
Reflecting the remarkable journey that CEIBS has taken over the past three decades, CEIBS President Wang Hong highlighted the school’s achievements in its Eight Strategic Priorities, namely: reinforce CEIBS’ top-tier position; expand CEIBS’ world-class faculty; create signature research areas; diversify CEIBS’ programme portfolio; bridge China and Europe; serve regional development strategies; exemplify CSR education; and empower CEIBS alumni.
Over the past thirty years, CEIBS has grown from an idea, a bold vision of educational collaboration between China and the world, into a beacon of global management education. CEIBS’ success has been driven by China’s remarkable economic growth and by the mutual integration of China and the global community. As it stands at a new starting point, CEIBS remains committed to upholding its mission with dedication and perseverance and continuing to contribute both to China’s reform and opening-up, and to greater cooperation and collaboration between China with the world.
HONG KONG SAR – Media OutReach Newswire – 13 November 2024 – SiegFund, a premier proprietary trading talent acquisition firm, is making waves with its strategic global expansion. Originating in Australia, SiegFund has firmly established itself within the Asia-Pacific (APAC) region and is now set to venture into Russian-speaking markets, continuing its trajectory of success. APAC: A Foundation of Success
Since its inception, SiegFund has focused on building a robust presence in the APAC region. The firm’s expansion strategy has been meticulous and culturally attuned, resulting in a stellar reputation across Taiwan, Thailand, Vietnam, Hong Kong, and Macau. By establishing local offices and providing comprehensive language support, SiegFund has met the unique needs of each market.
This localized approach has been crucial in attracting and retaining top-tier trading talent. The firm’s deep understanding of regional markets, and offering of tailored solutions, sets it apart from competitors and has earned the trust of clients.
Reputation and Client Trust
SiegFund’s reputation in APAC is a testament to its commitment to quality, innovation, and professional excellence. The firm’s dedicated local teams bring a wealth of knowledge and expertise, ensuring that clients receive the highest standard of service. This commitment has resulted in long-term partnerships and a strong market presence.
Clients in Taiwan, Thailand, Vietnam, Hong Kong, and Macau have consistently praised SiegFund for its professional approach and exceptional results. The firm’s success in these regions is built on a foundation of trust, reliability, and a deep understanding of local market dynamics.
New Horizons: Russian-Speaking Countries
Building on its APAC success, SiegFund is now expanding into Russian-speaking countries. This strategic move represents a significant milestone in the firm’s growth journey. SiegFund plans to replicate its successful APAC model by establishing local offices and providing language supports.
The expansion into Russian-speaking regions is aimed at tapping into a new pool of trading talent and addressing the growing demand.
Comprehensive Education Program Focuses on Investment Mastery
Embark on the SiegFund Path to a successful trading career with SiegFund Academy. The academy offers a robust financial education program, the courses are designed to make a meaningful impact on market expertise.
SiegFund Academy provides in-depth knowledge across critical topics: fundamental and technical analysis, market forecasting, as well as insights into stocks, indices, commodities, and Forex trading. Hashtag: #SiegFund
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LIMA, PERU / CHENGDU, CHINA – Media OutReach Newswire – 13 November 2024 – All this week, Peru is hosting the Asia-Pacific Economic Cooperation (APEC) Meetings in Lima.
There is also an exhibit about the connections between China and Peru – two ancient civilizations that, despite their distance, share striking cultural similarities, a link that transcends both time and space.
In the heart of Lima, archaeologists are uncovering the secrets of Huaca Pucllana, a 1,500-year-old ceremonial site.
Nature, especially the sea, holds a central place in Peru’s pre-Inca cultures.
“Andean rituals often honor nature, and here in Lima, we see more marine symbols due to our proximity to the sea. Striking a shark’s head with a stone was an offering to the gods,” says archaeologist Gladys Paz Flores.
This tribute to nature is etched into the architecture itself, with each hand-molded brick forming a ceremonial center resilient to centuries of earthquakes.
“We have so much to learn from our ancestors,” says Paz. “In today’s world, we should care for our homes and embrace our responsibility to humanity.”
Exploring ancient relics at Jinsha Site Museum in Chengdu China, filmed on Oct 31st, 2024
Meanwhile, in southwestern China, the ancient Shu civilization also shows reverence for nature. At an archaeological site in Chengdu’s Jinsha archaeological site, relics reveal a deeply symbolic connection to the sun, much like Peru’s Inca.
One standout artifact is a gold ornament entitled “Sun and Immortal Birds.” “It features four birds encircling the sun, a powerful symbol of sun worship,” said Wang Fang, Deputy Director of the Jinsha Site Museum. Similarly, the Inca rulers saw themselves as ‘descendants of the sun’ and built temples in its honor.
The link between these civilizations has received greater visibility at the APEC Meetings, where Chengdu’s artifacts are on display at the Inca Museum in Cusco, Peru. Since the original relics are too delicate to travel, the exhibition showcases 3D-printed replicas.
“Some of these artifacts are as thin as 0.02 centimeters, like paper-cut art. They carry the ideas and aspirations of early humans, and technology allows us to share this legacy globally,” said Wang.
As visitors explore these exhibits, APEC leaders are reminded that ancient insights into nature’s significance remain relevant today. In an age of climate change and ecological uncertainty, the wisdom of Peru and China’s ancient cultures offers lessons for future generations.
This APEC gathering also aligns with the 10th anniversary of Chinese President Xi Jinping’s proposal for building a China-Latin America community with a shared future.
China, as the largest trade partner for many countries in the region, continues to expand cooperation across technology, green energy and aerospace.
As noted by Chinese Foreign Ministry spokesperson Lin Jian, the China-Latin America and the Caribbean relationship emphasizes equality, mutual benefit, innovation, openness, and people-centered progress, heralding a new era of collaboration. Hashtag: #CGTN
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Vingroup, Vietnam’s largest private conglomerate, is poised to lead the nation’s green transition. Backed by substantial resources, top talent, and cutting-edge technology, Vingroup is well-equipped to overcome the challenges and drive sustainable growth.
HANOI, VIETNAM – Media OutReach Newswire – 13 November 2024 – Driven by the vision of “Creating a Green Future,” Vingroup, Vietnam’s largest private conglomerate, is strategically positioned to lead the nation’s journey toward sustainability. Supported by substantial financial resources, a diverse and skilled workforce, and a strong commitment to innovation, Vingroup is set to overcome the financial, human, and technical challenges on the path to green transformation, contributing to Vietnam’s ambitious goal of achieving net-zero emissions by 2050.
By October 2024, VinFast has become the top-selling automotive brand in Vietnam, affirming its potential and promising prospects for future growth.
Tackling the Financial Demands of Green Investment
Green transformation requires significant upfront investment, from infrastructure improvements to cutting-edge research in clean technology. For many companies, these financial demands are daunting. Yet Vingroup, a significant contributor to Vietnam’s economy, accounting for 1.6% of GDP in 2023, is uniquely equipped to meet these challenges.
This financial strength has empowered Vingroup to spearhead ambitious projects that would be out of reach for many other firms. Its automotive subsidiary, VinFast, exemplifies this commitment. Vingroup’s substantial financial strength has enabled it to undertake ambitious projects that would be beyond the reach of many other companies. A prime example is its electric vehicle (EV) subsidiary, VinFast. In just over five years, VinFast has emerged as a leading automotive brand in Vietnam. By October 2024, it achieved a historic milestone as the country’s best-selling automotive brand, surpassing both foreign and domestic competitors, including traditional gasoline-powered brands. This also positions Vietnam among the few countries with a domestic leader in the electric vehicle sector.
Internationally, VinFast has rapidly expanded its presence across North America, Europe, Asia, and the Middle East. This early success underscores Vingroup’s ability to drive sustainable, long-term projects.
But beyond its financial capacity to fund green projects, Vingroup’s strategic approach is also redefining industries by prioritizing sustainability. From electric vehicles to eco-friendly real estate development, Vingroup is setting a new benchmark for sustainable growth, inspiring other companies to follow suit.
Building a Skilled Workforce
While financial resources are crucial, skilled talent is essential for driving sustainable innovation. Vingroup has proactively recruited top global talent with both technical expertise and a passion for environmental progress.
Through strategic hiring, Vingroup has attracted renowned scientists, engineers, and technical experts, including renowned figures like Professor Vu Ha Van, who joined the Vingroup Big Data Institute as Scientific Director in 2018. Also a professor of mathematics at Yale, Professor Van returned to Vietnam after a pivotal conversation with Vingroup’s founder, Pham Nhat Vuong, during which he saw in Vuong a shared vision to make a significant impact in Vietnamese science and technology. This commitment to attracting top talent has not only strengthened Vingroup’s technical capacity but also infused it with valuable international perspectives, which are critical to achieving environmentally friendly practices.
Vingroup’s emphasis on people embodies its belief that sustainability is ultimately driven by the individuals leading these efforts. By fostering a skilled and motivated workforce, Vingroup has reinforced its position as a leader that values intellectual capital, empowering it to pioneer sustainable development across its sectors.
Overcoming Technical Complexity in Green Transformation
Beyond finances and talent, green transformation requires advanced technical solutions, from energy-efficient systems to green infrastructure and sustainable product design. Implementing these on a meaningful scale demands a sustained commitment to research and development (R&D) and strategic partnerships. Vingroup has embraced these technical challenges by investing heavily in in-house R&D and engaging in impactful collaborations.
In sustainable urban development, for example, Vingroup’s TechnoPark Tower achieved LEED Platinum certification, the highest standard for green buildings. This high-rise integrates nearly 3,000 smart sensors for lighting and air-conditioning, allowing automatic adjustments that save up to 17.4% in energy use annually.
VinFast, too, exemplifies Vingroup’s technical focus, with investments in EV battery recycling through partnerships with Japan’s Marubeni and North America’s Li-Cycle to ensure lithium-ion batteries are reused, showing that cutting-edge technology can be implemented sustainably.
Vingroup’s real estate arm, Vinhomes, has also integrated green infrastructure into its projects, including extensive electric vehicle-friendly facilities across its residential developments. This interconnected approach enables each subsidiary to contributing to Vingroup’s overall sustainability goals. Such synergy across the whole ecosystem amplifies the effect of each green initiative, transforming sustainability from isolated efforts into a unified mission embraced by all branches.
Visionary Leadership in the Face of Global Challenges
Vingroup’s commitment to sustainability reflects not only strong business acumen but also a broader vision of responsible corporate stewardship. As a corporation that operates on both local and global stages, Vingroup understands the responsibility large companies have in addressing environmental challenges. With Vietnam’s national pledge to achieve net-zero carbon emissions by 2050, Vingroup’s role takes on greater significance, supporting the country’s ambitious climate goals.
The leadership’s vision for a sustainable future is evident in its alignment with Vietnam’s environmental objectives, setting an example for other enterprises. Vingroup’s initiatives demonstrate that economic success and environmental responsibility can not only coexist but also drive long-term corporate growth, showcasing the importance of sustainable practices in shaping the future of business in Vietnam and beyond.