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Hong Kong sees 13% decline in job change rate as employees prioritise job security

Top white-collar talent remains elusive despite fewer vacancies and higher application rates

HONG KONG SAR – Media OutReach Newswire – 26 November 2024 – Hong Kong’s job market has experienced significant challenges over the past year, with layoffs and economic uncertainties impacting the landscape. According to Robert Walters, the world’s most trusted talent solutions firm, there has been a notable decline in white-collar job vacancies in Hong Kong in 2024, and the number of job applications received has surged by 122%, indicating a growing desire among professionals to seek new opportunities.

The job market has become more employer-driven, with employers holding more leverage due to limited opportunities. The survey also reveals that only 55% of employers forecast a pay rise to employees in 2025, down 9% compared to the result in November 2023. Among these employers, 77% of them are likely to give 1-5% salary increase to their employees in the coming year.
Despite this, Robert Walters Hong Kong has reported positive signs of recovery in the coming year. Approximately 15% of surveyed employers plan to increase their permanent headcount in 2025, while 18% aim to expand their contract workforce. These findings are part of the Robert Walters Global Salary Survey 2025, an authoritative analysis and benchmark of salary trends.
Top skilled professionals prioritising job security

Considering the global recession and local economic challenges, professionals are increasingly prioritising job security, reflecting a cautious approach to career moves. The survey reveals that 25% of professionals do not plan to change jobs in 2025—a 13% increase from 2024. This cautiousness is further underscored by the fact that 46% of professionals express a lack of confidence in job opportunities within their field, marking a 9% rise from the previous year.

John Mullally, Managing Director of Robert Walters Hong Kong, commented, “It is taking a much longer time to fill roles, and many hiring managers assume there is an abundance of talent available, but the reality is quite the opposite. Many stronger candidates are risk-averse and are prioritising job stability over exploring new opportunities.”

Notably, while 62% of job seekers are hoping for a salary increment of 10% or more to make a move, only 33% of employers are prepared to meet these expectations. This scenario presents a more challenging environment to find the right talent in a larger candidate pool. Tight budgets have intensified the difficulty of securing top candidates, who are now demanding higher risk premiums to consider new opportunities.

The rise of middle level managers

In a cost-conscious market, there is a notable preference for middle-level hires, reflecting a strategic approach to talent acquisition. According to the survey, 31% of employers report that they see the most acute talent shortage at the senior associate level, followed by the manager level (25%), and senior managers and C-suite roles (25%).
This trend may reflect businesses’ tendency to streamline operations during economic downturns, leading to a flatter organisational structure where middle-level managers play a crucial role. Companies emphasise internal promotions, allowing those familiar with the company’s culture and processes to step into new roles with minimal disruption.
To address the experience gap and skill shortage created by the rise of middle-level managers as replacements for senior roles, companies must invest in continuous training and development to equip these managers with the necessary skills. According to the survey, nearly 40% of employers are focusing on improving their L&D programs to upskill existing employees by 2025, ensuring their workforce remains adaptable to address the challenges of the market.
AI in workplace become more common

The use of AI in the workplace is on the rise, with 75% of professionals reporting they are utilising AI models, such as ChatGPT, in their work—a jump from 45% in November 2023. The most common applications include copywriting, content creation, and editing (41%), data analysis (24%), and research and information gathering (37%).
Notably, over half of the professionals (53%) expressed that they are not concerned about the emergence of AI models replacing routine roles. This reflects a growing confidence in the ability of AI as a tool to enhance productivity rather than replacing jobs in the evolving workplace landscape.
Employers seek flexible and cost-effective solutions to hire talent

Employers in Hong Kong are turning to flexible and cost-effective solutions to meet their talent acquisition needs. The demand for contract workers, particularly in the technology sector for short-term projects, is on the rise. According to Robert Walters Hong Kong, 18% of surveyed employers plan to expand their contract workforce in 2025. Meanwhile, many employers are using managed services model to augment their workforce, enhancing flexibility and efficiency in their operations.

In addition, Hong Kong’s strategic initiatives to attract overseas talent are gaining traction. Businesses are increasingly seeking talent, particularly technical roles, from Mainland China. According to Robert Walters Hong Kong, 53% of Mainland China professionals looking to work in Hong Kong are open to being employed as contract workers. This indicates that the government’s talent initiatives are effectively expanding the talent pool available to employers.
Cautious optimism in 2025

Despite the challenges faced over the past few years, there is cautious optimism about increased hiring numbers in the first half of next year. John Mullally commented, “After two and a half years of a slowdown, especially in the financial services sector, we might be turning a corner. The Hang Seng Index is up 15% for the year, and there has been an increase in IPO activity over the last few months.”

According to the survey, 15% of employers plan to increase their permanent headcount in 2025, while 18% aim to expand their contract workforce. Half of the employers say their hiring plan will remain unchanged.

Hong Kong top in-demand professions for 2025:

  • Accounting & Finance: FP&A/Commercial Finance/Business Controlling Manager, Finance Manager (Full Set), Treasury Analyst
  • Construction, Property & Engineering: Leasing (All Levels), Project Manager (Technical) & Sustainability/Environment Role (Technical & Corporate Level)
  • Financial Services: Relationship Managers, Operations, Investor Relations/Client Servicing
  • Human Resources: HR Business Partners, C&B Managers, HRIS
  • Legal & Compliance: Regulatory Compliance Manager, Compliance Officer (Hedge Fund), Legal Counsel (Funds)
  • Sales & Marketing: Head of Sales/Business Development, Marketing Manager (Regional/China Marketing), Account Manager
  • Supply Chain, Procurement & Logistics: Business Development Manager (3PL), Factory Operation (Food & Non-Food), Director/Manager, Account Management (Sourcing & Merchandising), Director / Manager
  • Technology & Transformation: Data Engineers, Cyber Security Specialist & Technical Lead (Back-end)

Hashtag: #SalarySurvey2025 #RobertWaltersHongKong #HongKongHiringMarket #HiringTrends #JobMarket


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

Robert Walters Hong Kong

About
Robert Walters is the world’s most trusted talent solutions business. Across the globe, we deliver recruitment, recruitment process outsourcing and advisory services for businesses of all shapes and sizes, opening doors for people with diverse skills, ambitions, and backgrounds. We help organisations find the skills and solutions to reach their goals and assist talented professionals to power their unique potential.

The Hong Kong office specialises in placing high-calibre professionals on a permanent or contract basis in the following specialities: accounting & finance, construction, property & engineering, financial services, HR & business support, legal & compliance, sales & marketing, supply chain, logistics & procurement, and tech & transformation.

About the Robert Walters Digital Salary Survey –

Robert Walters Hong Kong surveyed up to 400 professionals and organisations in Hong Kong in September 2024 to gather feedback and concerns from both employers and employees on existing work practices, providing an overview of the current job market, in-demand skill sets and salary expectations for the year ahead. Salary ranges shown in the Robert Walters Salary Survey are based on an analysis of placements made across our network of offices and specialist disciplines during 2024.

Around the globe, employers and professionals alike have been relying on the Robert Walters Salary Survey to help them make critical decisions for their businesses and careers. The digital edition of the Salary Survey is a comprehensive guide to salaries for thousands of roles in 31 locations, and it is packed with helpful tools and resources for hiring managers and job seekers alike, including the latest trends and analysis for different industries, as well as video updates on market conditions from industry experts.

For details of the Robert Walters Salary Survey 2025, please contact us or visit:

Discovery Taiwan Debuts New Documentary

Medical Elite: Regenerative Medicine


SINGAPORE – Media OutReach Newswire – 26 November 2024 – A riveting new documentary, Medical Elite: Regenerative Medicine, featuring Japan’s premier STEMCELL Co., Ltd, will premiere on the Discovery Channel on Friday, November 29, at 7:10 p.m. and on Discovery Asia on Sunday, December 8, at 9 p.m.

This documentary delves into the world of stem cell therapy, exploring its vast potential for treating degenerative diseases, as well as the regulatory landscape around it and international collaborations shaping the future of regenerative medicine. The makers of the documentary highlight these issues through the lives of three individuals: Edwin Hooy, a businessman from Singapore with a chronic disease, and Yuki Sato, a prominent Japanese athlete grappling with a knee issue; and Kiichi Oya, a 73-year-old suffering from a neurodegenerative disease, and how all of them find hope through stem cell therapy.

The attending physician, Dr. Nana Kobayashi, MD, Director of Omotesando HELENE Clinic, says, “We can bring a little light to patients who were previously experiencing pain and sadness and had lost hope for the future.”

Dr. Ravindra Gupta, a Professor of Clinical Microbiology at the University of Cambridge adds, “We have to understand our cells, and by understanding our cells, we then understand processes, for example related to aging and poor health.

Through personal stories of those who were willing to take the first step towards life-changing treatment, Medical Elite: Regenerative Medicine takes viewers behind the scenes, exploring the scientific processes involved in sourcing, culturing, and administering stem cells, and offers an insight into the challenges researchers face as they strive to unlock the full potential of this groundbreaking therapy of medical science.

Note to editors

  • Watch highlights here
  • Download photos here

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

About Discovery Channel 

Discovery Channel is dedicated to creating the highest quality non-fiction content that informs and entertains its consumers about the world in all its wonder, diversity and amazement. The network, which is distributed to 88.3 million U.S. homes, can be seen in 224 countries and territories, offering a signature mix of compelling, high-end production values and vivid cinematography across genres including, science and technology, exploration, adventure, history and in-depth, behind-the-scenes glimpses at the people, places and organizations that shape and share our world.

Melco’s Jade Dragon celebrated as one of Asia’s top 100 finest restaurants by Tatler Best


MACAO SAR – Media OutReach Newswire – 26 November 2024 – Melco Resorts & Entertainment’s Cantonese fine dining restaurant Jade Dragon at City of Dreams has been honored by Tatler Best as one of Asia’s top 100 finest restaurants. The distinction highlights Jade Dragon’s devotion to the creation of exquisite culinary masterpieces using the freshest seasonal ingredients and delicacies.

Jade Dragon at City of Dreams, Macau
Jade Dragon at City of Dreams, Macau

Designed to transform the luxury hospitality landscape, Tatler Best is presented by Tatler Asia as the ultimate celebration of Asia’s finest hotels, restaurants and bars. The new initiative showcases and honors the crème de la crème of hospitality across the region. At a celebratory event hosted in Bangkok between November 24-25, Melco’s Jade Dragon was honored as part of the definitive selection of top 100 restaurants, meticulously curated by Tatler’s discerning team alongside a panel of esteemed industry experts.

Mr. Lawrence Ho, Chairman & CEO of Melco, said, “Thank you to Tatler Best for the accolade and congratulations to the Jade Dragon team. The honor once again highlights the Melco team’s exceptional dedication to pushing boundaries through providing guests with the most innovative and memorable experiences in hospitality and entertainment.”

With its spectacular designer décor and superlative personalized service, Jade Dragon further maintains its top-tier Three MICHELIN-Star status for the sixth consecutive year.

Setting the benchmark for fine dining in Macau, Jade Dragon’s honors and awards include:
· Tatler Best 2024 (Top 100 Restaurants)
· MICHELIN Guide Hong Kong Macau 2019 – 2024 (Three Stars)
· Forbes Travel Guide Five-Star Awards 2014 – 2024
· Black Pearl Restaurant Guide 2018, 2020 – 2024 (Three Diamonds)
· Black Pearl Restaurant Guide 2019 (Two Diamonds)
· Trip.com Gourmet Award 2024 (Diamond)
· SCMP 100 Top Tables 2014 – 2024
· Wine Spectator Best of Award of Excellence 2014 – 2024

Hashtag: #melco #cityofdreams #jadedragon #tatlerbest





Wechat: 新濠博亚娱乐

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

About Melco Resorts & Entertainment Limited

Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus (). The Company also continues to operate three satellite casinos in other cities in Cyprus (the “Cyprus Casinos”). For more information about the Company, please visit .

Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

Airple Launches New Tech-Driven Platform to Revolutionise Aircon Servicing in Singapore


SINGAPORE – Media OutReach Newswire – 26 November 2024 – On October 4, 2024, Airple, a leader in air conditioning installation, repair, and aircon servicing, launched its innovative new website and mobile app, marking a significant milestone in the digitisation of aircon maintenance in Singapore. With its advanced real-time tracking and predictive maintenance capabilities, Airple aims to redefine the standard for convenience and efficiency in aircon care

Airple technician servicing an air conditioner unit
Airple technician servicing an air conditioner unit

How Airple Revolutionises Aircon Maintenance

Airple is transforming the way both homeowners and businesses manage their aircon maintenance needs. As a one-stop solution for aircon services such as installation, regular servicing, and chemical aircon cleaning, Airple offers a comprehensive suite of services. Not only does the platform provide easy appointment booking and real-time job tracking, but it also integrates advanced features to simplify maintenance.

What’s even cooler? The platform is designed to learn from customer data, enabling it to analyse usage patterns, service histories, and performance metrics. In the near future, Airple will harness big data analytics to predict potential issues before they occur, proactively notifying customers of possible breakdowns or inefficiencies. As smart home technology continues to evolve, Airple’s predictive capabilities represent the next level in proactive maintenance, helping customers ensure optimal aircon performance with minimal effort.

Airple Features that Make Maintenance Hassle-Free

Airple’s platform combines convenience and technology, enabling users to schedule, track, and maintain aircon service records—all from one app. Several innovative features users may find beneficial include:

  • Real-time Tracking: Customers can track technicians en route, eliminating uncertainty regarding arrival times.
  • Self-Managed Scheduling: The app allows customers to book appointments directly, reducing the hassle of phone confirmations.
  • Progress Tracking: Users can monitor the progress of their service in real-time, providing complete visibility into the work being done.
  • Digital Service Reports: Each service is accompanied by a digital report featuring images of serviced parts, ensuring transparency and accountability.
  • Service History Access: All service histories are stored in the customer’s account, making it easy to access past reports at any time.
  • Automated Reminders: The platform sends automated reminders for upcoming services, and customers can pre-schedule future appointments to ensure optimal aircon performance.

With the increasing demand for smarter home maintenance solutions, Airple’s platform stands out by offering predictive analytics, seamless booking, and complete service transparency. These innovations are setting a new benchmark in aircon servicing.

Airple’s Future Plan to Keep Customers Cool and Satisfied

Looking ahead, Airple has exciting plans to expand its services and enhance the customer experience. Future updates will include in-app live chat for troubleshooting, along with further integration of smart home features. These updates will allow users to receive predictive alerts and schedule service appointments before issues, such as water leakage, arise—ensuring their aircon systems run smoothly at all times.

“This launch represents our dedication to reshaping aircon servicing in Singapore,” said Thomas Ong, Co-founder and CEO. “Our platform empowers users with data-driven insights, seamless scheduling, and transparent service tracking, elevating how comfort is maintained at home and in businesses. Customers can now book services in just a few taps, monitor technician arrivals in real-time, and access digital reports for complete transparency. One user, Ms Kyra Huang, noted a significant reduction in service downtime and praised the platform’s efficiency.”

Airple’s commitment to continuous innovation ensures its aircon maintenance solutions will evolve with the changing needs of customers. As they expand their offerings, Airple remains focused on delivering smarter, more efficient solutions. For more information, visit www.airple.com.sg or download the app from the iOS and Google Play Store.Hashtag: #airple #aircon



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

About Airple

Founded in 2017, Airple has grown from a traditional aircon service provider into a technology-driven company offering a wide range of services, including , repairs, aircon servicing, troubleshooting, aircon chemical overhaul and more. The recent launch of their user-friendly website and mobile app makes it easier than ever for customers to book appointments, track service histories, and receive personalised maintenance reminders. By leveraging modern technology and an expanse of algorithms, Airple is dedicated to providing seamless, stress-free aircon maintenance for both homeowners and businesses.

Melaka ICT Holdings Sdn Bhd Earns Recognition as One of Asia’s Most Promising SMEs at ACES Awards


BANGKOK, THAILAND – Media OutReach Newswire – 26 November 2024 – Melaka ICT Holdings Sdn Bhd (MICTH), a key player in enhancing the digital and telecommunications landscape of Melaka, has been awarded the prestigious title of “Asia’s Most Promising SMEs” at the recent ACES Awards. This accolade, awarded to aspiring small & medium enterprises (SMEs) in Asia that express clear business direction with strong initiatives in driving growth for the enterprise, underscores MICTH’s commitment to advancing telecommunication technology and smart city innovations, significantly contributing to the region’s digital transformation.

Dr. Nazdiana Ab Wahab, Chief Executive Officer of Melaka ICT Holdings Sdn Bhd (left center), and YB Datuk Fairul Nizam bin Roslan, Deputy Chairman of the Board of Directors (right center), proudly receive the Asia's Most Promising SMEs award on stage at the ACES Awards 2024. The award is presented by Dr. Shanggari Balakrishnan, President of the ACES Awards (far left), and Mr. Luis Bueno Nieto, Advisor to the ACES Council (far right), in recognition of the Melaka ICT Holdings Sdn Bhd's exceptional growth and promising future in the industry.
Dr. Nazdiana Ab Wahab, Chief Executive Officer of Melaka ICT Holdings Sdn Bhd (left center), and YB Datuk Fairul Nizam bin Roslan, Deputy Chairman of the Board of Directors (right center), proudly receive the Asia’s Most Promising SMEs award on stage at the ACES Awards 2024. The award is presented by Dr. Shanggari Balakrishnan, President of the ACES Awards (far left), and Mr. Luis Bueno Nieto, Advisor to the ACES Council (far right), in recognition of the Melaka ICT Holdings Sdn Bhd’s exceptional growth and promising future in the industry.

Originally incorporated in 1995 as Kumpulan Melaka Recreations and Resort Sdn Bhd, MICTH has evolved into a state-backed technology company, specialising in telecommunications and ICT solutions since officially commencing operations in 2003. As a state-backed company (SBC), MICTH plays a crucial role in positioning Melaka as a central hub for digital innovation in Southeast Asia.

At the core of MICTH’s initiatives is its involvement in the Smart Melaka Blueprint 2035, a visionary project aimed at creating a high-tech, integrated smart city. MICTH has spearheaded numerous infrastructure projects and smart solutions that serve both the public and private sectors. A highlight of these efforts is the Smart Melaka International Exhibition and Conference (SMIX), which brings together global thought leaders in ICT to exchange insights and collaborative solutions, further positioning Melaka as a leader in smart city technology.

One of MICTH’s flagship projects, the Smart Lamp Pole initiative, demonstrates the company’s innovative approach. These smart poles not only provide lighting but also enhance urban efficiency by supporting cellular and wireless connectivity and data collection, marking a significant step towards a responsive urban environment.

As a licensed Network Facility Provider (NFP) under the Malaysian Communications and Multimedia Commission, MICTH is responsible for the planning and execution of telecommunication infrastructure across Melaka, meeting high standards for coverage and reliability. The company has also streamlined the approval process for infrastructure projects, facilitating collaboration with local authorities to enhance business resilience.

MICTH’s impact extends beyond technology; it plays a vital role in the local economy through job creation and community engagement. With a focus on employee well-being, MICTH has recently relocated to a new open office designed to foster professional growth and satisfaction. In addition to that, MICTH actively contributes to community initiatives, expanding telecommunications coverage to underserved areas, and promoting digital literacy. This commitment to social responsibility underscores MICTH’s mission to create lasting, positive impacts in Melaka.

The recognition from the ACES Awards as one of Asia’s Most Promising SMEs emphasises MICTH’s transformative role in the digital landscape. Shanggari B, the President of ACES Awards, stated, “MICTH exemplifies the spirit of innovation and dedication to community uplifting, transforming Melaka into a model smart city while setting new standards in ICT excellence across Asia.” As the company continues to grow, it remains focused on its vision of a connected, future-ready Melaka, aligning with Malaysia’s broader digital transformation goals.

MICTH exemplifies the potential of innovation, strategic foresight, and unwavering quality in building a resilient and progressive digital ecosystem. As a leader in the telecommunications sector, MICTH is set to inspire other SMEs across Asia, reinforcing its commitment to a promising future for Melaka and beyond.
Hashtag: #MICTH #ACESAWARDS2024 #Leadership

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

About Melaka ICT Holdings Sdn Bhd

Melaka ICT Holdings Sdn Bhd (MICTH) is a state-backed company focused on advancing telecommunications and ICT solutions in Melaka, Malaysia. With a commitment to innovation and community engagement, MICTH is dedicated to creating a digital ecosystem that empowers residents and fosters economic growth.

Gorilla and BroadSat Sign Partnership to Revolutionize the Future of Digital Connectivity

  • To deliver on Smart Connectivity and Cybersecurity solutions addressing critical needs in underserved communities.
  • To accelerate strategic growth across the $150 billion Smart Cities and cybersecurity markets in the United States and EMEA.

Seattle, Washington – Newsfile Corp. – November 25, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”) has signed a Letter of Intent (LOI) with BroadSat Technologies LLC, a Boston-based trailblazer in connectivity and innovation. This strategic partnership is set to drive transformative solutions in Smart Cities, AI Cybersecurity and Connectivity, as part of the Broadband Equity, Access, and Deployment (BEAD) Program.

This collaboration marks a significant milestone as Gorilla and BroadSat combine their expertise to advance critical digital initiatives in the United States and EMEA (Europe, Middle East and Africa). Together, the two companies will tackle smarter connectivity challenges, empower underserved communities and accelerate innovation in Smart Cities and broadband solutions.

Aby Alexander, President & CEO of BroadSat Technologies & Innovation Labs, added, “The Broadband Equity, Access, and Deployment (BEAD) Program, provides $42.45 billion to expand high-speed internet access by funding planning, infrastructure deployment and adoption programs in all 50 states. This collaboration brings together two forward-thinking companies united by a common purpose. By leveraging Gorilla’s cutting-edge technology and BroadSat’s expertise, we are poised to deliver transformative projects that redefine connectivity and elevate communities in key markets worldwide.”

Jay Chandan, Chairman and CEO of Gorilla Technology Group, remarked, “This partnership with BroadSat Technologies is a major step forward in our shared vision of transforming the digital landscape. With BroadSat’s exceptional leadership and market reach, we are not only advancing smart AI connectivity but also driving innovation across the U.S. and EMEA.”

William Addison, Vice President for Growth at Gorilla Technology, said, “BroadSat is the perfect partner to expand our footprint in the U.S. and EMEA. This partnership is a testament to the power of collaboration in addressing critical connectivity challenges while fostering meaningful, technology-driven solutions.”

This partnership underscores the commitment of Gorilla Technology and BroadSat Technologies to creating impactful projects that bridge the digital divide and deliver transformative solutions to communities globally.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

About BroadSat Technologies LLC

Headquartered in Boston, Massachusetts, BroadSat Technologies LLC is a leader in connectivity innovation, committed to bridging the digital divide and empowering communities through advanced broadband and technology solutions. With a mission to create equitable access to digital infrastructure, BroadSat focuses on transformative projects that enhance connectivity, drive economic growth and promote digital inclusion.

BroadSat specialises in delivering cutting-edge broadband solutions, including large-scale network deployments, rural connectivity initiatives and digital equity programs. By leveraging partnerships with industry leaders and integrating advanced technologies, BroadSat is at the forefront of enabling smarter, more connected communities across the United States and EMEA.

Forward-Looking Statements

This press release contains forward-looking statements, which are based on estimates, assumptions, and expectations. Actual results and performance could differ materially and adversely from those expressed or implied in forward-looking statements. Gorilla does not undertake any obligation to update any forward-looking statements, except as required by law.

Investor Relations Contact:

Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

About Gorilla Technology Group Inc.

The Hong Kong Institution of Engineers Launches its First-ever UNSDGs eBook

“Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals” Showcasing over 40 Sustainable Engineering Projects

HONG KONG SAR – Media OutReach Newswire – 25 November 2024 – The Hong Kong Institution of Engineers (“HKIE”) launched an eBook, Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals, which introduces Hong Kong engineering industry’s progress towards achieving the United Nations Sustainable Development Goals (UNSDGs). The eBook showcases over 40 iconic engineering projects, corresponding to 17 UNSDGs, in both the public and private sectors in Hong Kong over the years and provides insights into their distinctive features and advanced technologies from engineers’ perspectives. Through this informative publication, the HKIE hopes to deepen understanding of UNSDGs in the industry and wider society and inspire collaborative efforts and active participation from all stakeholders to support sustainable development.

Ir Eric MA, President (4th left), Ir Prof Frank CHAN, Vice President cum Advisor of the Working Group (3rd right), Ir Wilson KWOK, Chairman of the Working Group (3rd left), Ir Norman CHAN, Member of Working Group (2nd right), Ir Kelvin TANG, Member of Working Group (2nd left), Ir ZHOU Yan, Member of Working Group (1st right), and Ir Prof Alfred SIT, Chief Executive and Secretary (1st left) attended the launch of HKIE’s UNSDGs eBook Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals.
Ir Eric MA, President (4th left), Ir Prof Frank CHAN, Vice President cum Advisor of the Working Group (3rd right), Ir Wilson KWOK, Chairman of the Working Group (3rd left), Ir Norman CHAN, Member of Working Group (2nd right), Ir Kelvin TANG, Member of Working Group (2nd left), Ir ZHOU Yan, Member of Working Group (1st right), and Ir Prof Alfred SIT, Chief Executive and Secretary (1st left) attended the launch of HKIE’s UNSDGs eBook Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals.

HKIE President Ir Eric MA said, “The UNSDGs aim to promote prosperity while protecting the planet. Engineering plays a major role in achieving many of the UNSDGs. Through the launch of Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals, we hope to strengthen understanding among members of the public as well as within the engineering sector of how various engineering disciplines can integrate environmental, social and economic considerations into their practices. The engineering industry is in a unique position to lead sustainable development through actively collaborating across the aspects of engineering design, construction, renovation, operation and reuse, using electronic control systems, IoT, promoting new industrialisation, autonomous vehicle technology, sustainable energy systems, etc.”
“Last week, Vice President Ir Prof Frank CHAN led a delegation to the UN Climate Change Conference – COP29, where he shared the efforts taken by Hong Kong’s engineering industry to address the challenges of climate change, including strengthening the resilience and sustainability of urban infrastructure. The HKIE will continue to champion sustainable development, including continued updates of the eBook and encouraging industry sharing of sustainable projects, empowering engineers to put UNSDGs into practice as part of our commitment to building a better and more sustainable future for the planet,” President MA added.

The International Engineering Alliance (IEA) resolved the proposed changes of IEA Graduate Attributes and Professional Competencies (GAPCs) to align with the UNSDGs in 2021. As a Member of IEA, the HKIE will review its Graduate Attributes for accrediting engineering programmes and its Competence Standards for admitting members to factor in the UNSDGs. The reviews are in the pipeline and the new HKIE Graduate Attributes and Competence Standards are planned for implementation in 2026/27.
In addition, the HKIE is currently holding a cover design competition for the publication, Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals. The competition aims at encouraging members and the public to actively engage with the UNSDGs by participating in the creation of the eBook. The deadline for submission is 5:00pm on 31 December 2024. For details, please visit the website https://www.hkie.org.hk/zh-hant/news/event_detail/679/. The winning entry may become the cover of the future edition of this publication.

Please click here for the eBook Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals

Appendix: Sustainable engineering projects in Hong Kong featured in Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals

UNSDGs

Engineering Projects

SDG 1- No Poverty

  • Kong Ha Wai Transitional Housing
  • WEEE · PARK

SDG 2 – Zero Hunger

  • Farmunity

SDG 3 – Good Health and Well-being

  • The Henderson
  • City-Wide COVID-19 Sewage Surveillance
  • Solar & Gas Water Heating Dehumidification at H-Zentre

SDG 4 – Quality Education

  • Smart Power Services
  • Victoria Dockside
  • Innovation Student Awards

SDG 5 – Gender Equality

  • WomenLeaders@CW & Dream Girls
  • Women in Engineering Committee (WiE)

SDG 6 – Clean Water and Sanitation

  • Dry Wash Aircraft Cleaning Technique
  • O· PARK2
  • Total Water Management Strategy

SDG 7 – Affordable and Clean Energy

  • District Cooling System (DCS) at Kai Tak
  • Solar Panels on the Rooftops of Buses
  • Offshore Liquefied Natural Gas Terminal

SDG 8 – Decent Work and Economic Growth

  • The Three-Runway System
  • Development of the Northern Metropolis

SDG 9 – Industry, Innovation and Infrastructure

  • The Industrial Metaverse (IM)
  • E&M InnoPortal
  • Demonstration Project for Integrated AI Solution at ELEMENTS

SDG 10 – Reduced Inequalities

  • Universal Accessibility Programme
  • Concessionary Tariff Scheme & Barrier-free Facilities/Services

SDG 11 – Sustainable Cities and Communities

  • AIRSIDE
  • Redevelopment of Former State Theatre
  • San Tin Technopole
  • Free-flow Tolling System

SDG 12 – Responsible Consumption and Production

  • Water World Ocean Park
  • Hin Keng Station
  • Cross Bay Link

SDG 13 – Climate Action

  • Landslip Prevention And Mitigation Programme (LPMitP)
  • Anti-flooding Enhancement for Low-lying Substations

SDG 14 – Life Below Water

  • Discover Shui Hau
  • Tung Chung River Park
  • Acoustic Fish Deterrent System (AFDS)

SDG 15 – Life on Land

  • Taikoo Square
  • Long Valley Nature Centre (LVNP)
  • Biodiversity Survey for Habitat at Lamma Island

SDG 16 – Peace, Justice and Strong Institutions

  • Green Product Certification
  • S-Carbon Digital Management Platform

SDG 17 – Partnerships for the Goals

  • Green Performance Pledge Programme (GPP)
  • 11 SKIES
Jockey Club BEAM PLUS in Schools Project

Hashtag: #HKIE

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

Delta Dunia Group, Through BUMA International, Agrees to Acquire a Controlling Interest in the Dawson Coal Mining Complex

  • Delta Dunia Group, via its indirect subsidiary BUMA International [1], will expand its presence in the Bowen Basin in Queensland, through a US$455 [2] million proposed acquisition of a 51% interest in the Dawson Complex, one of Australia’s largest metallurgical coal mines.
  • The proposed acquisition further delivers on the Group’s multi-year strategic plan to diversify into a leading coal services provider and producer, leveraging its industry-leading capabilities.
  • The Dawson Complex has a production capacity of >8 million tonnes per annum (Mtpa) with established infrastructure and well-known products which receive strong demand from key steelmaking markets in Asia. The mine has Reserves to support a mine life of over 20 years, and a Resource life to support a mine life of over 50 years.
  • The proposed acquisition advances the Group’s strategy to diversify its portfolio and reduce its overall dependence on thermal coal.
  • The completion of the acquisition is contingent upon Peabody’s acquisition of the Dawson Complex, pre-emptive rights processes and customary regulatory conditions precedent, with targeted completion in 2025.

JAKARTA, INDONESIA – Media OutReach Newswire – 25 November 2024 – PT Delta Dunia Makmur Tbk (Delta Dunia Group, IDX: DOID), through its indirect subsidiary, PT Bukit Makmur Internasional (BUMA International), has entered into a binding agreement with Peabody Energy Corporation (Peabody), via its subsidiary, Peabody SMC Pty. Ltd., to acquire a 51% interest in the Dawson Complex (Dawson) for US$455 million, granting BUMA International a controlling interest in one of Australia’s largest metallurgical coal mines [3]. Dawson is a part of Anglo American’s Steelmaking Coal portfolio, which is being sold to Peabody pursuant to a separate sale agreement following a competitive sales process.

BUMA International will fund Peabody for the acquisition of Dawson and Peabody will transfer the Dawson Complex to BUMA International post-completion of its transaction with Anglo American, subject to completing the pre-emptive rights processes in respect of Dawson and other customary conditions. The agreements were executed on November 25, 2024.

The acquisition will be executed through a newly established entity in Australia. The completion of the acquisition is contingent upon meeting all conditions agreed upon by Peabody, and BUMA International, with a targeted completion in 2025.

Ronald Sutardja, President Director of Delta Dunia Group stated, “The acquisition of Dawson reinforces our position in the global metallurgical coal market and builds on our recent acquisition of Atlantic Carbon Group Inc. (ACG). This move further delivers on our multi-year strategic plan to diversify into a major coal services provider and producer, leveraging the Group’s industry-leading capabilities. The Dawson Complex will support our ambition to drive long-term growth and strengthen our role as a major industry player.

The acquisition will be funded by the Group’s cash reserves, a syndicated bank facility, and a guarantee facility for rehabilitation obligations. The acquisition consideration comprises of US$355 million upfront cash proceeds and US$100 million of cash payable over the period up to the fourth anniversary following transaction completion.

Large-Scale and Long-Life Metallurgical Coal Asset

BUMA International will, subject to completion Peabody’s acquisition of Dawson and the satisfaction of conditions, acquire a 51% participating interest in the Dawson Complex, located in Australia’s Bowen Basin, comprising the Dawson, Dawson South, Dawson South Exploration, and Theodore South joint ventures. The remaining 49% interest in the Dawson Complex is held by Mitsui Resources Pty. Ltd. (Mitsui). BUMA looks forward to working together with key stakeholders and the existing joint venture partner.

This high-volume operation produces premium metallurgical coal primarily for the steelmaking industry, supported by established infrastructure including a coal handling plant, conveyors, and ample port and rail capacity. Dawson’s high-quality product and long track record of production have fostered robust relationships with key Asian markets such as India and Japan. With a production capacity of >8 million tonnes per annum (Mtpa), confirmed Reserves supporting a projected operational lifespan of more than 20 years, and a Resource life to support a mine life of more than 50 years, Dawson positions BUMA among the world’s leading metallurgical coal producers.

This acquisition is aligned with the Delta Dunia Group’s strategy to diversify its portfolio and will further expand its revenue, commodity and geographical diversification. Additionally, it solidifies the Group’s long-term intention to grow in the metallurgical coal sector.

Agreements to ensure the smooth and continuous operation of the asset have been negotiated.

“With Dawson’s premium, long-life Reserves and Resources and strong customer base, we are well-positioned to create long term value for our stakeholders. Excited by the significant growth potential Dawson adds to our portfolio, we are committed to leveraging our operational expertise and dedication to excellence to fully realize its potential,” Ronald concluded.

Delta Dunia Group appointed Macquarie Capital (Australia) Limited as its financial advisor and Corrs Chambers Westgarth as its legal advisor in relation to the transaction.

***

[1] The transaction documents have been signed by PT Bukit Makmur Internasional, and allows Delta Dunia Group the flexibility to complete through another group entity.

[2] Acquisition consideration comprises of US$355 million upfront cash proceeds and US$100 million of cash payable over the period up to the fourth anniversary following transaction completion.

[3] Subject to Peabody’s acquisition of Dawson, certain pre-emptive rights, consents and regulatory approvals.
Hashtag: #DeltaDuniaGroup

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

About PT Delta Dunia Makmur Tbk (Delta Dunia Group)

Established in 1990, PT Delta Dunia Makmur Tbk (Delta Dunia Group) is a prominent holding company operating in Indonesia, Australia, and USA. Our principal subsidiary, PT Bukit Makmur Utama (BUMA), is a leading provider of mining services to some of the largest miners in Indonesia and Australia (through BUMA Australia Pty Ltd). In June 2024, through PT Bukit Makmur Internasional (BUMA International), it acquired Atlantic Carbon Group, Inc. (ACG) and became the leading producer of anthracite coal in the USA, further strengthening the Group’s global footprint in the mining industry.

In 2023, Delta Dunia Group expanded its portfolio with the addition of two new subsidiaries: PT Bukit Teknologi Digital (BTech), developing AI deep learning technologies to improve operational efficiency, reduce emissions, and minimize Occupational Health and Safety (OHS) operational risks and PT BISA Ruang Nuswantara (BIRU), a social enterprise dedicated to education, vocational schools, and fostering circular economy.

Listed on the Indonesia Stock Exchange (IDX Code: DOID), Delta Dunia Group is headquartered in Jakarta, Indonesia, and is supported by a workforce of over 16,000 employees across Indonesia, Australia, and USA. In June 2024, Delta Dunia Group was recognized among the Top 200 in the inaugural FORTUNE Southeast Asia 500 rankings, a prestigious list that identifies the region’s largest companies by revenue.