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Oxyliving Now Offers Free Personalization for Water Purifier Machines – Choose from over 1000 Unique Colours

SINGAPORE – Media OutReach Newswire – 20 September 2024 – Oxyliving is excited to announce a new enhancement for its customers: free customization of its signature water purifier machines with over 1000 color choices. This limited-time offer allows customers to select the perfect shade to match their home décor, providing functionality and style in a single product.

A Perfect Fit for Any Home
Oxyliving’s water purifiers are known for their stylish and sleek design, making them a perfect fit for any living room or kitchen. Whether you prefer a minimalist look or a bold statement piece, Oxyliving has a color that will seamlessly blend with your home’s aesthetic.

Compact and Space-Saving Design
At just 18cm x 27cm x 39cm, Oxyliving’s water purifiers are among the slimmest and most compact in Singapore. The compact size allows them to fit into small spaces and heights, making them an ideal choice for any home, regardless of size.

Eco-Friendly and Efficient
The motorless, tankless design of Oxyliving’s water purifiers makes them quiet, energy-efficient, and environmentally friendly. By eliminating the need for a motor and water tank, these purifiers consume less energy and contribute to a greener environment.

Instant Heating and Cooling
Oxyliving’s water purifiers feature an instant heating and cooling system that allows for a hot cup of coffee or a cold beverage in as short as 5 seconds. This innovative feature ensures that you have the perfect temperature for your drink at any time.

User-Friendly Interface
Designed with user convenience in mind, Oxyliving water purifiers come with an intuitive user interface. Users can easily choose from five preset temperature settings: Ambient, Cold, Milk, Tea, and Hot. This makes it simple to get the right temperature for any beverage with just a touch.

Advanced Four-Stage Filter System
Equipped with a state-of-the-art four-stage filter system, Oxyliving water purifiers ensure the highest quality of alkaline water.

Customize Your Water Purifier with Oxyliving
Take advantage of this free customization offer and personalize your water purifier to fit your style. With over 1000 color options available, you can select the perfect hue to complement your home while benefiting from Oxyliving’s cutting-edge water purification technology

Hashtag: #waterpurifiers #homedecor #design


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

About Oxyliving

Oxyliving is a leading provider of innovative home appliances, dedicated to enhancing the quality of life through advanced technology and stylish design. Our commitment to excellence ensures that our products meet the highest standards of performance and aesthetics.

MoneyHero Group Reports Second Quarter 2024 Results

Second quarter revenue of US$20.7 million, up 24% Year-Over-Year


SINGAPORE – Media OutReach Newswire – 20 September 2024 – MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a market leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, today announced financial results for the quarter ended June 30, 2024.

Management Commentary:

Rohith Murthy, Chief Executive Officer, stated “I am pleased to report that MoneyHero Group delivered another strong quarter, with revenue increasing by 24% year-over-year to US$20.7 million. This performance underscores our position as the leading personal finance aggregator in the region. We have achieved significant market share gains, highlighted by a 68% year-over-year surge in revenues in Q2 2024 in Singapore, primarily driven by credit card and insurance product demand. With 970,000 banking and insurance applications facilitated in the first half of 2024, our leadership is evident, and we see substantial opportunities for continued growth in this fragmented industry.

Our strategic focus on operational efficiency is already delivering positive results, with Adjusted EBITDA losses expected to narrow next quarter. We still anticipate achieving Adjusted EBITDA profitability on a monthly basis within Q4 2024, supported by targeted actions to streamline operations, optimize marketing spend, and enhance overall efficiency. Our disciplined approach, which includes our recent headcount reduction and implementation of AI-driven processes, is creating significant operating leverage across the business.

We are transitioning our focus from purely driving traffic growth to prioritizing monetizable traffic that leads to conversions and applications. This strategic shift has already resulted in a 50% increase in approved applications, highlighting our capability to convert higher-value traffic into measurable outcomes while optimizing growth.

We are also rolling out innovative new capabilities, including a redesigned mobile app, a new car insurance vertical, and enhanced UX/UI across our platforms. These initiatives are expected to boost customer engagement and drive higher-margin revenue streams. With a robust membership base of 6.5 million, we are strategically positioned to cross-sell and upsell, unlocking greater value from our existing user base.

Our capital position remains robust, allowing us to pursue strategic investments and explore M&A opportunities to further consolidate our leadership. The recent exit from Malaysia as an operator, while retaining a strategic stake, reflects our commitment to focusing on high-growth regions and forging value-maximizing partnerships.

As we pivot toward driving Adjusted EBITDA improvements, our focus on efficiency and higher-margin products such as personal loans, insurance, and advertising revenue, will be critical drivers of profitability. While we have faced challenges in certain markets, we have taken corrective actions and anticipate a return to strong growth. We estimate that MoneyHero will achieve positive Adjusted EBITDA in the fourth quarter of 2024, positioning us to deliver sustainable, long-term value for our shareholders.”

Hao Qian, Chief Financial Officer, added: “In Q2 2024, MoneyHero’s strategic expansion generated solid growth in approved applications, which resulted in 24% year-over-year revenue growth, reaching over US$20.7 million. We’ve made strong market share gains, particularly in our core markets, as we continue to expand across Greater Southeast Asia. However, our investments in strategically expanding customer acquisition, brand building, technology re-platforming, and data infrastructure contributed to a loss of US$(12.2) million and an Adjusted EBITDA loss of US$(9.3) million for the quarter. During the second quarter, we remained committed to executing our growth strategy, with a goal to accelerate key verticals and further extend our market share leadership. The primary drivers behind the increase in our operating and Adjusted EBITDA losses include:

  • Strategic Investments: We prioritized growth through increased investments in branding, customer acquisition, data and technology, aimed at capturing new customers and building infrastructure for future profitability
  • Provider Constraints: In Q2, several providers in Taiwan and the Philippines paused new card acquisitions due to significant platform migrations, which temporarily impacted our financial performance. We expect acquisition volumes to normalize in Q3 as these migrations near completion. Additionally, the exit of a key provider from several of our markets had a notable effect on both revenue and profitability. To offset this, we’ve invested in expanding other providers’ products and diversified into new verticals. We anticipate that the revenue and profitability impact from this provider’s exit will be largely mitigated by Q3 and Q4, with minimal effect anticipated moving forward.
  • Increased Operating Costs: Total operating costs rose year-over-year, largely due to additional expenses associated with being a public company, including audit fees, D&O insurance, and IR/PR-related fees.

Looking ahead, we expect a narrowing of our Adjusted EBITDA loss in the second half of 2024, with margins having started to recover in early Q3 and continuing to improve throughout the year. We have initiated a comprehensive review of our organizational structure, which began with our recent reorganization announcement, and we expect it to be completed by the end of Q3. This will create a more streamlined and cost-efficient operation. We expect to reach Adjusted EBITDA profitability on a monthly basis by year end, as we have been focusing on efficiency and optimizing the returns on our growth investments.”

Second Quarter 2024 Financial Highlights

  • Revenue increased by 24% year-over-year to US$20.7 million in the second quarter of 2024
    • Online financial comparison platforms revenue increased by 26% year-over-year to US$17.8 million
    • Creatory, MoneyHero’s B2B business, revenue increased by 13% year-over-year, contributing 14% of Group revenue in the second quarter of 2024, as compared to 16% in the prior year period
  • Revenue by markets:
    • Singapore revenue increased by 68% year-over-year to US$9.0 million in the second quarter, with the strongest growth coming from the credit card and insurance verticals
    • Hong Kong revenue increased by 19% year-over-year to US$7.3 million in the second quarter, with the strongest growth coming from the other banking verticals
    • Philippines revenue decreased by 16% year-over-year to US$2.9 million in the second quarter, largely due to reduced volumes with a key client as it completes system and database migration post-acquisition
    • Taiwan revenue decreased by 4% year-over-year to US$1.4 million in the second quarter due to paused product offerings for certain key clients
  • Revenue from insurance products increased by 89% year-over-year to US$2.2 million in the second quarter of 2024, contributing 11% of Group revenue, as compared to 7% in the prior year period
  • Total operating costs and expenses increased to US$34.4 million in the second quarter of 2024 from US$25.5 million in the prior year period, driven primarily by increased investment in marketing and customer acquisition as part of the Company’s strategy to expand market share and increase brand awareness
  • Loss for the period decreased to US$(12.2) million in the second quarter of 2024 from US$(68.6) million in the prior year period
  • Adjusted EBITDA loss increased to US$(9.3) million in the second quarter of 2024 from US$(0.6) million in the prior year period
  • As of June 30, 2024, the Company had a debt-free balance sheet with US$56.5 million in cash and cash equivalents


Second Quarter 2024 Operational Highlights

  • Monthly Unique Users decreased by 17% year-over-year to 7.7 million in the second quarter of 2024
  • MoneyHero Group Members, to whom we can provide more tailored product information and recommendations, grew by 53% year-over-year to 6.5 million as of June 30, 2024 due to membership growth across all markets
  • Approved Application volumes increased by 50% year-over-year in the second quarter to 211,000, driven by strong growth in the Company’s credit card and insurance products


Business Outlook

  • For the third quarter of 2024, the Company expects its Adjusted EBITDA losses to narrow and be between US$5-6 million. This expectation reflects the Company’s current and preliminary view on the market and operational conditions, which is subject to change.


Capital Structure

The table below summarizes the capital structure of the Company as of June 30, 2024:

Share Class Issued and Outstanding
Class A Ordinary 28,227,579[1]
Class B Ordinary 13,254,838
Preference Shares 2,407,575
Total Issued Shares 43,889,992
Employee Equity Options 1,020,697[2]
Issued Class A Ordinary Shares Underlying Employee Equity Options (521,630)[3]
Total Issued and Issuable Shares[4] 44,389,059

Summary of financial / KPI performance For the Three Months Ended June 30, For the Six Months Ended June 30,
2024 2023 2024 2023
(US$ in thousands, unless otherwise noted)
Revenue 20,674 16,650 42,849 34,553
Adjusted EBITDA (9,336) (593) (15,775) (892)
Clicks (in thousands) 2,274 1,993 4,568 3,877
Applications (in thousands) 476 409 970 784
Approved Applications (in thousands) 211 140 416 260

Revenue breakdown For the Three Months Ended

June 30,

For the Six Months Ended

June 30,

2024 2023 2024 2023
US$ % US$ % US$ % US$ %
(US$ in thousands, except for percentages)
By Geographical Market:
Singapore 9,018 43.6 5,380 32.3 17,963 41.9 10,939 31.7
Hong Kong 7,266 35.1 6,095 36.6 14,982 35.0 11,736 34.0
Taiwan 1,424 6.9 1,481 8.9 2,826 6.6 3,805 11.0
Philippines 2,938 14.2 3,496 21.0 6,917 16.1 7,627 22.1
Malaysia 28 0.1 197 1.2 161 0.4 445 1.3
Total Revenue 20,674 100.0 16,650 100.0 42,849 100.0 34,553 100.0
By Source:
Online financial comparison platforms 17,760 85.9 14,077 84.5 35,818 83.6 28,911 83.7
Creatory 2,914 14.1 2,574 15.5 7,030 16.4 5,642 16.3
Total Revenue 20,674 100.0 16,650 100.0 42,849 100.0 34,553 100.0
By Vertical:
Credit cards 12,734 61.6 11,945 71.7 28,159 65.7 25,023 72.4
Personal loans and mortgages 2,577 12.5 2,154 12.9 5,874 13.7 4,491 13.0
Insurance 2,178 10.5 1,154 6.9 4,005 9.3 2,421 7.0
Other verticals 3,185 15.4 1,396 8.4 4,810 11.2 2,618 7.6
Total Revenue 20,674 100.0 16,650 100.0 42,849 100.0 34,553 100.0

For the Three Months Ended June 30, For the Six Months Ended June 30,
2024 2023 2024 2023
(in millions, except for percentage)
Monthly Unique Users
Singapore 1.3 16.9% 1.7 18.6% 1.4 17.1% 1.8 19.3%
Hong Kong 1.1 14.4% 1.5 15.6% 1.1 13.9% 1.5 16.6%
Taiwan 2.2 28.5% 2.7 29.2% 2.1 26.2% 2.5 28.1%
The Philippines 3.0 38.5% 3.2 33.9% 3.3 40.8% 3.0 32.7%
Malaysia 0.1 1.7% 0.3 2.7% 0.2 2.1% 0.3 3.2%
Total 7.7 100.0% 9.3 100.0% 8.1 100.0% 9.1 100.0%
Total Traffic
Singapore 3.8 13.0% 4.3 12.4% 7.8 12.6% 8.0 12.1%
Hong Kong 4.9 16.8% 6.1 17.8% 9.9 16.0% 12.7 19.2%
Taiwan 8.7 29.7% 11.1 32.0% 16.8 27.1% 20.7 31.3%
The Philippines 11.4 38.9% 12.1 35.1% 26.2 42.2% 22.6 34.2%
Malaysia 0.5 1.7% 0.9 2.7% 1.2 2.0% 2.1 3.2%
Total 29.4 100.0% 34.6 100.0% 62.1 100.0% 66.0 100.0%
MoneyHero Group Members[5]
Singapore 1.3 20.2% 1.0 24.0% 1.3 20.2% 1.0 24.0%
Hong Kong 0.8 12.2% 0.5 12.1% 0.8 12.2% 0.5 12.1%
Taiwan 0.3 4.7% 0.2 5.4% 0.3 4.7% 0.2 5.4%
The Philippines 3.8 58.3% 2.3 53.5% 3.8 58.3% 2.3 53.5%
Malaysia 0.3 4.5% 0.2 5.0% 0.3 4.5% 0.2 5.0%
Total 6.5 100.0% 4.3 100.0% 6.5 100.0% 4.3 100.0%


Conference Call Details
The Company will host a conference call and webcast on Thursday, September 19 2024, at 8:00 a.m. Eastern Standard Time / 8:00 p.m. Singapore Standard Time to discuss the Company’s financial results. The MoneyHero Limited (NASDAQ: MNY) Q2 2024 Earnings call can be accessed by registering at:

Webcast: https://edge.media-server.com/mmc/p/bb5mvvro/

Conference call: https://register.vevent.com/register/BI804ba1fd51b0491182b7ed7fccf35400

The webcast replay will be available on the Investor Relations website for 12 months following the event.


[1] Includes 521,630 shares issued to Computershare Hong Kong Investor Services Limited (“Computershare“) which are held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.

[2] Includes granted but unexercised options as well as exercised options, pursuant to which the shares have not yet been issued as of June 30, 2024.

[3] Issued in advance to Computershare and held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.

[4] Public Warrants, Sponsor Warrants, Class A-1 Warrants, Class A-2 Warrants and Class A-3 Warrants are excluded since they are out of money.

[5] MoneyHero Group Members as of June 30, 2024 and June 30, 2023.

Key Performance Metrics and Non-IFRS Financial Measures
“Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from Google Analytics. A session initiates when a user either opens an app in the foreground or views a page or screen and no session is currently active (e.g., the user’s previous session has ended). A session ends after 30 minutes of user inactivity. We measure Monthly Unique Users during a time period longer than one month by averaging the Monthly Unique Users of each month within that period.

“Traffic” means the total number of unique sessions in Google Analytics. A unique session is a group of user interactions recorded when a user visits the website or app within a 30-minute window. The current session ends when there is 30 minutes of inactivity or users have a change in traffic source.

“MoneyHero Group Members” means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated.

“Clicks” means the sum of unique clicks by product vertical on a tagged “Apply Now” button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates.

“Applications” means the total number of product applications submitted by users and confirmed by our commercial partners.

“Approved Applications” means the number of applications that have been approved and confirmed by our commercial partners.

In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as loss for the year/period and loss before income tax.

Adjusted EBITDA is a non-IFRS financial measure defined as loss for the year/period plus depreciation and amortization, interest income, finance costs, income tax expenses/(credit), equity-settled share option expense, transaction expenses, impairment of non-financial assets, other long-term employee benefits credit, other non-recurring costs related to strategic transaction, changes in fair value of financial instruments, non-recurring legal fees, and unrealized foreign exchange differences. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue.

A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP.

For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2024 2023 2024 2023
(US$ in thousands)
Loss for the period (12,223) (68,571) (25,323) (71,101)
Tax expenses 5 24 57 34
Depreciation and amortization 1,066 1,255 2,047 2,400
Interest income (356) (98) (951) (126)
Finance costs 5 1,803 13 3,569
EBITDA (11,501) (65,587) (24,156) (65,224)
Non-cash items:
Changes in fair value of financial instruments (1,109) 58,038 237 57,937
Impairment of non-financial assets 92 92
Equity settled share-based payment arising from employee share option scheme 1,015 268 1,638 795
Unrealized foreign exchange differences, net 1,766 3,216 5,802 2,070
Listing and other non-recurring strategic exercises related items:
Transaction expenses 20 3,556 55 3,613
Other non-recurring costs related to strategic transaction 61 61 1
Other non-recurring items:
Other long-term employee benefits credit (84) (84)
Non-recurring legal fees 323 497
Adjusted EBITDA (9,336) (593) (15,775) (892)
Revenue 20,674 16,650 42,849 34,553
Adjusted EBITDA (9,336) (593) (15,775) (892)
Adjusted EBITDA Margin (45.2)% (3.6)% (36.8)% (2.6)%

Forward Looking Statements
This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2023 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.

Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive (Loss)/Income

For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2024 2023 2024 2023
(US$ in thousands except for loss per share)
Revenue 20,674 16,650 42,849 34,553
Cost and expenses:
Cost of revenue (13,795) (7,178) (27,901) (15,655)
Advertising and marketing expenses (6,581) (3,925) (12,714) (7,488)
Technology costs (2,194) (1,722) (4,046) (3,256)
Employee benefit expenses (6,712) (4,474) (12,590) (9,559)
General, administrative and other operating expenses (3,222) (4,867) (5,609) (6,116)
Foreign exchange differences, net (1,848) (3,291) (5,959) (2,170)
Operating loss (13,679) (8,808) (25,970) (9,691)
Other income/(expenses):
Other income 357 102 954 130
Finance costs (5) (1,803) (13) (3,569)
Changes in fair value of financial instruments 1,109 (58,038) (237) (57,937)
Loss before tax (12,217) (68,548) (25,265) (71,067)
Income tax expense (5) (24) (57) (34)
Loss for the period (12,223) (68,571) (25,323) (71,101)
Other comprehensive income
Other comprehensive income that may be classified to profit or loss in subsequent periods (net of tax):
Exchange differences on translation of foreign operations 1,279 2,677 4,992 1,673
Other comprehensive loss that will not be reclassified to profit or loss in subsequent periods (net of tax):
Remeasurement of defined benefit plan (6) (35) (5) (35)
Other comprehensive income, net of tax 1,273 2,643 4,987 1,638
Total comprehensive loss, net of tax (10,950) (65,928) (20,336) (69,463)
Loss per share attributable to ordinary equity holders of the parent
Basic and diluted (0.3) (47.3) (0.6) (49.1)


Unaudited Consolidated Statements of Financial Position

As of
June 30,
As of
December 31,
(US$ in thousands) 2024 2023
NON-CURRENT ASSETS
Other intangible assets 6,177 7,294
Property and equipment 337 190
Right-of-use assets 338 590
Deposits 24 26
Total non-current assets 6,877 8,100
CURRENT ASSETS
Accounts receivable 16,968 17,236
Contract assets 12,521 16,025
Prepayments, deposits and other receivables 5,199 4,855
Pledged bank deposits 182 189
Cash and cash equivalents 56,497 68,641
Total current assets 91,367 106,947
CURRENT LIABILITIES
Accounts payable 25,267 23,840
Other payables and accruals 9,856 9,382
Warrant liabilities 2,076 1,840
Lease liabilities 347 575
Provisions 71 72
Total current liabilities 37,617 35,708
NET CURRENT ASSETS 53,750 71,239
TOTAL ASSETS LESS CURRENT LIABILITIES 60,627 79,339
NON-CURRENT LIABILITIES
Lease liabilities 5 31
Deferred tax liabilities 26 29
Provisions 210 194
Total non-current liabilities 241 255
Net assets 60,386 79,084
EQUITY
Issued capital 4 4
Reserves 60,382 79,080
Total equity 60,386 79,084

Hashtag: #MoneyHeroGroup

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

MoneyHero Group

(NASDAQ: ) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero currently manages 279 commercial partner relationships and services 8.1 million Monthly Unique Users across its platform for the six months ended June 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit .

In Vietnam, Vingroup Plants the Seeds of a Social Enterprise Ecosystem

Vingroup, a leading Vietnamese conglomerate, is redefining the role of business in society. Through a diverse portfolio and a deep commitment to social responsibility, they are actively cultivating an ecosystem that fosters positive social impact.


HANOI, VIETNAM – Media OutReach Newswire – 20 September 2024 – In the wake of Typhoon Yagi’s devastating impact, Vingroup, a leading Vietnamese conglomerate with a diverse portfolio spanning real estate, technology, and social enterprise, swiftly pledged a substantial donation of 250 billion VND (approximately $10.6 million USD) towards relief efforts. This act of generosity, the largest corporate contribution to date, reflects a long history of
philanthropy.

Thien Tam Charity Fund (Vingroup) supports the construction of the
Thien Tam Charity Fund (Vingroup) supports the construction of the “Dream School” in Abaanh 1 Village, Tr’hy Commune, Tay Giang District, Quang Nam.

Vingroup’s and its leadership’s commitment to social responsibility, however, extends far beyond disaster relief. It’s woven into the very fabric of their corporate identity. One of their three core operating areas is dedicated entirely to social enterprise, a testament to their belief that business success and societal progress are intrinsically linked.

One manifestation of this commitment is the Kind Heart Foundation, established in 2006. Through this foundation, Vingroup has spearheaded numerous initiatives aimed at improving the lives of disadvantaged communities across Vietnam. From establishing the Promotion Fund for Vietnamese Football Talent (PVF) to creating centers for the elderly and orphans, and providing scholarships and essential medical care, the foundation embodies the philosophy that “charity is not just giving, but creating change.”

Furthermore, Vingroup’s leadership demonstrates its commitment to global progress through the VinFuture Foundation, which was co-founded by Vingroup’s Chairman Pham Nhat Vuong and his wife. With an annual commitment of $4.5 million USD in awards, the foundation recognizes groundbreaking research and innovations across various fields like Artificial Intelligence, Renewable Energy, and Biotechnology, which have the potential to transform lives and create a more sustainable future.

Recognizing the urgent need for environmental action, Vingroup launched the For a Green Future Foundation in 2023. Funded in part through innovative initiatives like the Xanh SM campaign, the foundation supports key programs promoting sustainability across various sectors, from developing renewable energy infrastructure and promoting sustainable agriculture, to advancing environmental education and research.

Even Vingroup’s ventures in healthcare and education, through Vinmec and Vinschool respectively, operate on a non-profit basis, prioritizing accessibility and quality for the community over profit margins. Vinmec hospitals offer state-of-the-art medical care at affordable rates, while Vinschool provides a world-class education system with a focus on character development and community service.

This unwavering dedication to social enterprise has earned Vingroup respect and admiration within Vietnam and has also paved the way for its global expansion. Their forays into international markets, particularly in the Middle East with their electric vehicle brand, VinFast, exemplify how they aim to fulfill their broader mission of creating a better and greener future for everyone, not just the people of Vietnam.

When asked about his vision for Vingroup’s future, Pham Nhat Vuong stated, “I envision Vingroup as a globally recognized technology and industrial conglomerate. Our commercial services and philanthropic efforts in Vietnam will be cherished and highly regarded by the Vietnamese people. I hope that in the future, people will think of Vingroup as a company always striving for the good, for the community.”

Vingroup’s story is a powerful reminder that businesses can be a force for good, driving innovation and progress while also uplifting communities and championing sustainability. Their legacy is one of not just commercial success, but also of compassion, ethical practices, and a deep-rooted commitment to creating a better world for all.

Hashtag: #VinFast #Vingroup #EV

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

Trade in for a greener tomorrow: Sell old phones to Carousell when upgrading to the iPhone 16

Carousell makes it easier to sell old phones or trade in for the new iPhone 16, encouraging more to reduce e-waste.


SINGAPORE – Media OutReach Newswire – 20 September 2024 – In the lead up to the highly-awaited iPhone 16 launch, leading multi-category classifieds marketplace Carousell has launched a new trade-in programme to offer customers a seamless way to trade in and give their old phones a second life. Partnering with major electronics retailers, customers can exchange their old phones immediately upon purchase and offset the purchase price to get the new iPhone 16 for as low as S$523.

Trade in or sell your mobile phones conveniently via sellto.carousell.sg

Fuss-free, secure way to sell used phones or trade in iPhones

Simply visit sellto.carousell.sg to fill in a short survey about the device condition to get an indicative price quote and compare trade-in promotions for selling old phones or trading in old iPhones. Promotions vary across the major electronics retailers — iStudio, Challenger, Courts, Best Denki, Gain City — that Carousell is partnering with. Consumers can choose to visit their nearest store to sell phones from over 100 locations or schedule a doorstep appointment to complete the effortless process.

Consumers can also opt to sell used phones, including used iPhones, instead of trading in for cash, encouraging more people to consider selling their phones instead of leaving them dormant at home. Additionally, each device goes through a secure data erasure process that is certified by Singapore’s Cyber Security Agency.

Popularity of selling old iPhones

iPhone regularly remains the top three keyword searches on Carousell, and there is a spike in searches for specific older models in the lead up to new launches. Searches for the top 3 most popular phone models — iPhone 15 Pro Max, iPhone 14 Pro Max and iPhone 14 Pro — more than doubled in September last year. Popular phones sold or traded in through sellto.carousell.sg also peaked correspondingly between September to October last year, with top 3 most popular phones sold being iPhone 14 Pro Max, iPhone 13 Pro Max and iPhone 12.

Carousell has been aligning marketing campaigns with hotly-anticipated phone launches to shift consumer mindset towards more conscious shopping choices, such as selling current devices, including used iPhones, before upgrading and considering purchasing older generations that are still in good condition. This is in addition to continually enhancing programmes and features such as Carousell Certified Mobile to make it more trusted and convenient to buy and sell secondhand phones.

Sell old phone or trade in for the new iPhone 16 with Carousell’s trade-in program. Visit sellto.carousell.sg for a fuss-free, secure process and reduce e-waste today.

Hashtag: #carousell #trade-in #iphone #usedelectronics


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

About Carousell

Carousell is a multi-category classifieds and recommerce marketplace that makes selling as easy as taking a photo, buying as simple as chatting. Carousell is available in Singapore, Hong Kong, Indonesia, Malaysia, the Philippines and Taiwan. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets and fashion accessories. To increase the trust and convenience in buying and selling secondhand, Carousell has launched recommerce programmes such as the Carousell Certified programme that allows users to buy secondhand items that have been inspected, and Sell to Carousell programme that allows users to sell directly to Carousell for instant cash.

Alibaba Cloud Empowers Customers and Partners with its Proven Large Models and High-Performance Infrastructure

Global Cloud Leader Collaborates with NVIDIA, XPENG, miHoYo, Atlas, Codium, UNESCO-ICHEI to Drive the Future of Mobility, Gaming, Travel, IT and Education


HANGZHOU, CHINA – Media OutReach Newswire – 20 September 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced at its annual flagship event Apsara Conference that its proprietary foundational model Tongyi has attracted over 300,000 customers via its generative AI platform, Model Studio, a significant jump from 90,000 revealed in May.

Leveraging Alibaba Cloud’s Tongyi large models and its scalable global cloud infrastructure, businesses across automobile, gaming, travel, IT sectors have delivered enhanced customer experience and developed innovative solutions. Alibaba Cloud also unveiled a partnership with the International Centre for Higher Education Innovation under the auspices of UNESCO (UNESCO-ICHEI) to bring the benefits of generative AI to higher education institutes through digital training initiatives.

“Our collaborations with industry-leading organizations demonstrate our dedication to delivering enhanced customer experiences and boosting enterprise efficiency through innovative solutions. Together with our partners, we want to empower more businesses and individuals to unlock the potential of generative AI through digital training and accessible cloud solutions,” said Jingren Zhou, CTO of Alibaba Cloud.

Driving the Future of Mobility and Smart Cockpits with LLMs Built on NVIDIA

Alibaba Cloud today unveiled its large multimodal model (LMM) solution designed for automotive applications and co-developed with NVIDIA and Banma, Alibaba’s intelligent cockpit solution provider. This solution, which will be made available to China-based automakers, aims to deliver a more interactive experience for car owners and redefine the smart mobility journey.

Through this collaboration, Alibaba Cloud’s portfolio of proprietary large language model Qwen—including the Qwen2-7B language model and the Qwen2-VL vision language model—have been seamlessly integrated with the NVIDIA DRIVE AGX Orin™ platform for autonomous vehicles. Additionally, NVIDIA’s model acceleration technology has significantly reduced computational costs and minimized latency in Alibaba Cloud models’ real-time processing of complex tasks. This ensures a smooth and uninterrupted intelligent experience for both drivers and passengers.

This initiative marks the first integration of Alibaba’s large models into NVIDIA’s automotive platform. Leveraging Qwen’s advanced capabilities in handling complex inquiries and processing visual intelligence, in-car voice assistants will be able to engage in dynamic, multi-turn conversations and even offer recommendations, ranging from providing information about nearby landmarks to proactively suggesting car headlights be turned on during snowy conditions.

As part of the LMM solution, Alibaba Cloud’s Mobile Agent—a multimodal AI agent for edge devices—will expand the capabilities of in-car voice assistants. Utilizing the Mobile Agent’s strengths in complex task planning, self-reflection, and decision-making, users will be able to effortlessly execute voice commands, such as ordering milkshakes through a food delivery app, resulting in richer and more enjoyable in-car experiences.

Looking ahead, Alibaba Cloud plans to work with NVIDIA to adapt Qwen models on NVIDIA DRIVE Thor, NVIDIA’s next-generation centralized car compute platform that combines advanced driver assistance, autonomous driving, and AI cockpit capabilities into a single safe and secure system.

Partnering with XPENG to Enhance Smart Cockpit Experience

XPENG, a leading Chinese smart electric vehicle company, is leveraging Alibaba Cloud’s AI models and robust cloud computing capabilities to redefine its smart cockpit and autonomous driving experience.

It has tapped into Alibaba Cloud’s Qwen to enhance its AI voice assistant, Xiao P, for a more superior smart cockpit experience. With no specific instructions needed, the LLM-enabled voice assistant excels at understanding complex conversational contexts and user intentions. It can engage in natural and intuitive dialogues with both drivers and passengers. For instance, when a user simply states, “It’s cold inside the car,” the voice assistant automatically adjusts the vehicle’s temperature.

In addition to utilizing Qwen for the smart cockpit, XPENG is collaborating with Alibaba Cloud to integrate large models for various innovations. Users can design custom stickers for their car’s exterior through Alibaba Cloud’s text-to-image model, Tongyi Wanxiang, within XPENG’s mobile app. XPENG is also exploring the use of Alibaba Cloud’s Tongyi Lingma, an AI coding assistant powered by Qwen, to enhance R&D efficiency in the latest automotive technologies.

Alibaba Cloud also offers robust and resilient computing resources to help XPENG accelerate its training of large model for autonomous driving.

Powering Immersive and Scalable Gaming Experience for miHoYo

As a long-term partner, Alibaba Cloud has provided its cloud infrastructure support for miHoYo in launching its latest game Zenless Zone Zero, a new urban fantasy action role-playing game (ARPG) which received nearly 50 million pre-beta registrations, posting high demands on system stability and smooth access to the games’ reservation website.

With Alibaba Cloud’s infrastructure and comprehensive product suite, Zenless Zone Zero has successfully addressed challenges in high server load, large volume of game data processing, and strong demand on platform stability, providing a smooth experience for players who logged in simultaneously on the day of its grand launch on July 4. The game has reached 50 million downloads within the first week since launched.

Building A Strong Digital Foundation for Southeast Asia

Atlas, an innovative B2B travel technology provider in Singapore, has leveraged Alibaba Cloud’s infrastructure, machine learning and AI architecture innovations to serve over 50 global travel sellers and 150 low-cost airlines around the world. Alibaba Cloud’s LLM Qwen and Model Studio platform also support Atlas’ digital chatbot, providing customer support around the clock, addressing partner inquiries regarding booking procedures and payment options.

Since collaborating with Alibaba Cloud in 2021, Atlas has reduced operational expenses by 45%. Alibaba Cloud has aided Atlas in transitioning from a startup in Singapore to becoming one of the leading industry players, revolutionizing the low-cost flight industry with its innovative travel platform.

Additionally, Codium, a prominent software company in Thailand specializing in digital workplace solutions, has partnered with Alibaba Cloud to utilize its scalable cloud infrastructure and reliable solutions. The partnership aims to establish a strong digital foundation for businesses in Thailand and improve the Thai cloud market ecosystem by offering accessible cloud services and providing comprehensive local support and expertise to Thai clients.

Empowering the Future of Education with UNESCO

During Apsara Conference 2024, Alibaba Cloud signed a Memorandum of Understanding (MoU) agreement with UNESCO-ICHEI to launch the GenAI and Cloud Micro-Certification online program for global learners.

The program targets educators and students in higher education institutes including universities and colleges across Asia and Africa. The program, featuring 6 courses, is designed to deliver the fundamental knowledge and applications of generative AI and cloud computing technologies with easily understandable graphics and best practices of integrating generative AI into teaching activities to make learning more engaging, personalized, and efficient.

After completing each course session, educators and students can take an exam to obtain a micro certification jointly issued by both UNESCO-ICHEI and Alibaba Cloud. With the gradual rollout of the program, the initiative aims to benefit around 12,000 educators and students globally by the end of 2025.

Hashtag: #AlibabaCloud

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

About Alibaba Cloud

Established in 2009, Alibaba Cloud () is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world’s leading public cloud IaaS service providers since 2018, according to IDC.

AWC Unveils the New Iconic Landmark of Thailand “EA” As the Largest and Highest Rooftop Lifestyle Destination in the Heart of Bangkok at The Empire

  • “EA” elevates Bangkok’s dining scene to new heights, bringing the world’s top cuisine to the ultimate luxurious dining and lifestyle experiences atop the city’s most stunning rooftop, where unparalleled 360-degree views of the Bangkok skyline combined with the mesmerizing curve of the Chao Phraya River, both day and night.
  • Partnering with culinary legend Chef Nobu Matsuhisa, “EA” launches “Nobu Bangkok” in Thailand, which also holds the title of the highest Nobu restaurant in the world.
  • “EA” introduces the highest chef’s table experience in Thailand at “EA CHEF’S TABLE” by 3 Michelin-starred chefs. This unique dining experience includes the world’s first rooftop Thai restaurant by Michelin-starred Chef Ton; Chef Vicky’s first overseas venture, renowned for its modern Chinese cuisine with a French twist; and the contemporary classic Italian fine-dining restaurant by Chef Paulo.
  • This shines a spotlight on Bangkok and Thailand to the global stage as premier destinations for culinary and lifestyle experiences.

BANGKOK, THAILAND – Media OutReach Newswire – 20 September 2024 – Asset World Corporation (AWC), Thailand’s leading integrated lifestyle real-estate group, has marked a global phenomenon by magnificently launching “EA” Rooftop at The Empire. This new iconic landmark destination of Thailand brings together world-class top cuisine, including “Nobu Bangkok”, the highest Nobu restaurant in the world and “EA CHEF’S TABLE” offering three Michelin-starred chefs experiences, and “EA Gallery”, a statement collection of leading restaurants and cafes. This will attract Thais, travelers, and food enthusiasts to experience this world-class lifestyle destination and a must-visit on Bangkok’s largest and highest lifestyle rooftop, boasting breathtaking 360-degree views of the city skyline and the Chao Phraya River, day and night. Located at “The Empire,” AWC’s flagship lifestyle office building in the strategic location of the Sathorn business district, “EA” is distinctively designed under the concept “Celebrating The World’s Newest Horizon,” redefining the food and tourism landscape of Thailand. This strengthens Bangkok as a premier destination for culinary and lifestyle experiences.

EA Rooftop at The Empire
EA Rooftop at The Empire

Mrs. Wallapa Traisorat, Chief Executive Officer and President of Asset World Corporation, stated, “Today, AWC is extremely delighted to officially launch ‘EA’ Rooftop at The Empire, a lifestyle destination and AWC’s flagship project. Encompassing over 10,000 square meters, it iconizes a new landmark for Thailand, bringing world-class food and lifestyle experiences to the tourism capital of Bangkok. We have partnered with cafes, restaurants, legendary chefs, and Michelin-starred chefs to create an unforgettable dining experience through sophistications, refined decorations, and unparalleled panoramic views of Bangkok from above. AWC is confident that ‘EA’ will become a new F&B Rooftop Destination phenomenon, culminating a must-visit for both Thais and international travelers. This supports tourism in Thailand and redefines Thai food and beverage landscape globally, aligning with the company’s mission to sustainably create a new standard and opportunities for Thai real estate and tourism industries. Finally, I would like to thank our key partner, Bangkok Marriott Marquis Queen’s Park for supporting this project and managing operations and services in most restaurants at ‘EA’ ”

EA Rooftop at The Empire - Aerial
EA Rooftop at The Empire – Aerial

“Nobu Bangkok,” The World’s Highest Nobu Restaurant

“Nobu Bangkok” is the highest Nobu restaurant in the world, spanning three floors, including the rooftop of “The Empire.” It offers an extraordinary dining experience that blends traditional Japanese culinary arts with Peruvian food influences by the legendary Chef Nobu Matsuhisa. The breathtaking panoramic views of Bangkok, both day and night, add to the upscale dining journey like no others. The exceptional service and unique menu by Chef Nobu showcase his excellence in culinary, complemented by stunning design by the world-renowned Rockwell Group, inspired by both Thai and Japanese aesthetics, to deliver a distinct and unforgettable dining moments.

EA CHEF’S TABLE” a collection of restaurants by Michelin-starred chefs

Located on the 56th floor of “The Empire,” “EA CHEF’S TABLE” unites three exceptional restaurants, each showcasing a unique cuisine led by Michelin-starred chefs. As the highest chef’s table experience in Thailand, it offers unparalleled food and beverage experiences against the backdrop of panoramic views of Bangkok, from day to night. It comprises:”

Le Du Kaan”: A Journey Through the Seasons of Thai Culture and Cuisine

“Le Du Kaan”, helmed by Michelin-starred Chef Ton, Thitid Tassanakajohn, is the world’s first rooftop Thai restaurant by Michelin-starred chef. It offers a menu that blends contemporary Thai cuisine with unique storytelling, transforming each dish into a celebration of rich culture and exceptional local ingredients. The ingredients, directly sourced from Thai farmers and fishermen, are presented in a dramatic, and art-like setting. The venue includes diverse dining areas from casual dining area, chic indoor lounge, a vibrant outdoor bar, to a large outdoor terrace, making it the perfect spot to watch the sunset over Bangkok.

Chef Ton, Thitid Tassanakajohn, stated, “I am delighted to be part of ‘EA’ where our journey of Le Du has now evolved into Le Du Kaan in this prestigious location alongside other leading Michelin-starred chefs. This mind-blowing view of Bangkok skyline and the magnificent rooftop settings create exceptional culinary experience – a true celebration of Thai cuisine and its endless possibilities. We are proud to offer a fresh perspective on our dishes at Le Du Kaan such as ‘Hot Pot Stirred Fried Beef Basil’, delivering an exclusive experience like no other.”

K by Vicky Cheng”: A Masterpiece of Contemporary Chinese Cuisine and Chef Vicky’s First Overseas Restaurant

Savor the exquisite flavors of contemporary French-style Chinese cuisine by Michelin-starred Chef Vicky Cheng at “K by Vicky Cheng.” Chef Vicky’s first overseas restaurant offers an unparalleled contemporary Chinese dining experience, blending traditional flavors with French culinary techniques. Inspired by the ancient wisdom of the 24 solar terms of the Chinese calendar, the menu reflects seasonal changes and highlights the best ingredients each season has to offer. The restaurant’s interior features a distinctive design with deep burgundy hues and Chinese art, paying homage to the legacy of the past while embracing the modernity of the present. The qilin motif, symbolizing longevity and prosperity, adds a unique touch to the elegant setting.

Chef Vicky Cheng stated: “I am truly honored and delighted to be part of this new chapter at ‘EA’ at the Empire, right in the heart of Bangkok with its most spectacular and breathtaking view. This is my first international venture, as I firmly believe in pushing boundaries while embracing the refined taste of Thai people alongside Chinese cuisine as an integral part of their lifestyle. Through my passion and creativity, my every newly curated dish will tell a story of flavor, joy, culture, and the connection between Thai and Chinese cuisines. I am confident that ‘K by Vicky Cheng’ will take the culinary experience to the new heights for everyone”

Sartoria by Paulo Airaudo”: An Alluring Fine Dining Italian Experience Redefined

Sartoria by Paulo Airaudo redefines classic Italian cuisine into a contemporary style, offering meticulously crafted dishes by multi-Michelin-starred Chef Paulo Airaudo. Featuring the finest seasonal ingredients sourced from local producers in Thailand, the menu embodies upscale and high quality while blending classic Italian heritage with the charm of Tuscany. The sophisticated yet warm atmosphere is reflected in the interior design, which contrasts deep brown tones with calming blue hues, celebrating Italian heritage with a friendly yet refined touch. Guests can enjoy panoramic night views of Bangkok from The Empire and witness the art of cooking up close through an open kitchen. Sartoria is set to open in the fourth quarter of 2024.

Chef Paulo Airaudo stated: “I am thrilled to share an adventure to Bangkok’s latest gastronomy scene and my first restaurant in Southeast Asia, where I have brought together an amazing team to share my vision for Italian fine dining experience to Thai and international food connoisseur from around the world. ‘EA’ at the Empire offers us limitless possibilities to create, progress and challenge us to go beyond traditional European cuisine and explore new horizons. “I could not imagine a better place in the world to realize this vision than here, where my food meets the Bangkok sky and my creations contribute to a truly memorable experience. I look forward to welcoming everyone to this latest iconic world-class destination in Thailand.

“EA Gallery”: A Lifestyle Destination with Unparalleled Views

“EA Gallery,” located on the 55th floor of “The Empire,” has been open for visitors since early 2024 and has become a popular destination for tourists. It offers a diverse selection of food, beverages, and entertainment from restaurants, cafes, and bars with breathtaking panoramic views of Bangkok. This dynamic space includes the world’s highest renowned cafe, % Arabica, where visitors can enjoy the crisp aroma of coffee against a breathtaking backdrop; qraft, the one of a kind ‘oriental brunch’ experience by Peace 和 Oriental Teahouse; Onggi, is where you can enjoy Hanjeongsik, a Korean Table d’hôte experience and explore the marriage of Thai ingredients and traditional Korean fermentation practices, while Invitation Only is a secret speakeasy sky high bar to enjoy the stunning views of Bangkok and classic international music from the ’80s, ’90s, and 2000s, brought to you by the team from The Cassette Music Bar.

Celebrate Thailand’s new iconic landmark and experience extraordinary dining amidst the fascinating beauty of Bangkok and the Chao Phraya River at “EA,” now officially open. For more information about “EA,” visit www.empirebuilding.co. For reservations at “Nobu Bangkok,” visit www.noburestaurants.com/bangkok. For reservations at “EA CHEF’S TABLE,” including “Le Du Kaan,” visit www.ledukaan.com. For reservations at “K by Vicky Cheng,” visit www.kbyvickycheng.com.

Hashtag: #AWC

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

About Asset World Corporation

Asset World Corporation (AWC) is Thailand’s leading integrated lifestyle real estate group and a member of TCC Group, with the focus on hospitality, lifestyle destinations, and commercial workspaces. Driven by the philosophy of “Building a Better Future,” AWC strives to grow and expand beyond the norms with a diverse array of quality projects, providing responsible and sustainable solutions for all our stakeholders. The company has two main businesses. Hospitality business managed by top hotel executives of world-renowned hotel brands such as Marriott, The Luxury Collection, InterContinental, Okura, Banyan Tree, Hilton, Sheraton, and Melia, and Commercial properties whose projects include 1) Retail and Wholesale such as lifestyle travel destinations, community shopping malls, community markets, and wholesale business real estate. Popular real estate projects consist of Asiatique the Riverfront Destination, Gateway at Bangsue, Phenix, and Tawanna Bangkapi, and 2) Commercial buildings including the famous ‘The Empire’ and Athenee Tower located in Bangkok’s central business district. AWC is committed to integrating its sustainability strategy in every part of its operations to create long-term sustainable value for all stakeholders. The sustainability strategy consists of three key pillars: Better Planet, Better People and Better Prosperity, while the framework has created numerous long-term initiatives including the reConcept, The GALLERY and other projects. For more information, please visit .

Vinmec pioneers Southeast Asia’s first 3D-printed titanium chest wall reconstruction, opening new pathways in cardiac treatment


HANOI, VIETNAM – Media OutReach Newswire – 20 September 2024 – Doctors at Vinmec Times City International Hospital, along with engineers from the 3D Technology in Medicine Center at VinUniversity, have safely and successfully performed a groundbreaking surgery to remove an 11.5cm tumor and reconstruct the patient’s chest using a 3D-printed titanium implant. This pioneering operation makes Vinmec the first hospital in Southeast Asia to apply 3D-printed titanium technology for chest wall reconstruction, opening new frontiers for safe and effective cardiac treatment.

Vinmec surgeons successfully reconstructed the chest for the patient, opening a groundbreaking approach to cardiovascular treatment in Vietnam.
Vinmec surgeons successfully reconstructed the chest for the patient, opening a groundbreaking approach to cardiovascular treatment in Vietnam.

A 55-year-old female patient was previously diagnosed with late-stage adipose tissue cancer in the chest area, experiencing persistent and severe chest pain for several weeks, making daily activities difficult. She was initially examined at a provincial hospital, where an anterior mediastinal tumor was discovered. The patient was then transferred to Vinmec for a multidisciplinary consultation and treatment plan which revealed that a large 11.5cm mediastinal tumor had invaded the left chest wall and part of the sternum, severely compressing the heart, lungs, and surrounding organs.

The tumor was at an advanced stage, making chemotherapy and radiation impossible, leaving surgical resection as the only viable solution. In addition to removing the tumor, the case posed a significant challenge in reconstructing the chest wall to protect heart and lung function post-surgery. Without proper reconstruction, there would be a high risk of respiratory failure and internal organ trauma.

Traditionally in Vietnam and Southeast Asia, large chest wall defects following cancer surgeries are covered with oblique myocutaneous flaps, meaning skin and muscle are moved from one body part to repair another, resulting in large scars and psychological trauma for patients. Previous techniques using artificial materials only covered the chest wall cosmetically, without fully protecting the heart and lungs or preventing external impacts, making traditional surgical methods sub-optimal.

Since the chest moves constantly with breathing, it is extremely challenging to restore anatomical structure after large anterior chest wall defects. While some studies have proposed 3D-designed implants, they often had limitations such as complexity and difficulty in surgical handling, leading to prolonged procedures and increased risk of complications.

To address these issues, a design team consisting of cardiothoracic specialists and orthopedic surgeons from Vinmec, and engineers from VinUniversity’s 3D Technology in Medicine Center spent weeks meticulously refining the design, overcoming previous limitations, and running multiple simulation scenarios to achieve the highest precision, ensuring the implant’s thinness and accuracy met the highest standards.

The 3D-printed titanium implant not only boasts innovative design but also integrates a mesh to prevent lung hernia, surpassing previous surgeries globally which required multiple separate implants for lung and heart protection. This groundbreaking innovation minimizes the risk of implant displacement after surgery, considerably improving the quality of patients’ lives and reducing the need for follow-up procedures.

On September 11, 2024, under the guidance of Dr. Dang Quang Huy (Deputy Director of Vinmec Times City Cardiovascular Center) and Prof. Tran Trung Dung (Director of Vinmec’s Orthopedics & Musculoskeletal Department), the surgery to reconstruct nearly the entire left chest wall was completed successfully in just under three hours. During surgery, the chest wall implant was carefully tested and found to fit with pinpoint accuracy, allowing the patient to breathe normally. Just one day after surgery, the patient was able to stand up and talk, and was discharged within five days, thanks to the precision of the 3D technology and the advanced erector spinae plane (ESP) pain management technique. The surgery time was significantly reduced, and the patient’s recovery period was halved.

According to international medical literature, over the past decade, about 50 cases of 3D chest wall reconstruction using titanium alloy materials have been performed in the U.S., Europe, South Korea, and China. Notably, Vinmec has cared for the first case in Southeast Asia, making Vietnam only the fourth country in Asia to utilize entirely 3D-printed bone implants and a hernia mesh for cardiopulmonary protection, with no other materials blended.

The success of this surgery not only marks a milestone in large chest wall defect reconstruction in Vietnam but also opens immense potential in other fields, such as maxillofacial facial bone defect reconstruction, soft tissue regeneration, and precise vascular stents placement, improving treatment outcomes and shortening recovery times for patients. The close partnership of Vinmec and VinUniversity catalyzes new frontiers of innovative, safe, and effective medical treatment and research, putting patients at the center.

Hashtag: #Vinmec

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

About Vinmec

is a leading private healthcare system in Vietnam, accredited by the prestigious Joint Commission International (JCI) and part of Vingroup. Vinmec is committed to delivering world-class healthcare services at affordable prices through a network of hospitals and clinics across the country. It specializes in key areas such as cardiology, orthopedics, oncology, and high-tech medical solutions.

Vinmec is also the first healthcare system in Asia to be recognized by the American College of Cardiology (ACC) as a Center of Excellence in cardiology. With cutting-edge technology and highly experienced medical professionals, Vinmec is dedicated to providing safe, effective cardiovascular care that enhances patients’ quality of life.

For more information about medical tourism at Vinmec, please contact: medtour@vinmec.com.

China, Mongolia Boost Cooperation, Exchanges to Benefit More People

  • Erenhot Port, the largest land port on the China-Mongolia border, has witnessed increasing trade and people-to-people exchanges between the two countries.
  • This year, by Sept. 5, Erenhot highway and railway ports recorded over 1.75 million inbound and outbound trips, up 95 percent year on year.
  • Many Mongolian residents are coming to China to receive education and medical services. The popularity of Mongolian goods among Chinese consumers has also prompted Mongolian enterprises to expand their business in China.

HOHHOT, CHINA – Media OutReach Newswire – 19 September 2024 – As “China Travel” continues to gain momentum worldwide, the arrival lobby of Erenhot Port is bustling with eager travelers waiting to clear customs and embark on their adventures across country.

A shop owner displays a Mongolian flour product at an import supermarket in Erenhot, north China's Inner Mongolia Autonomous Region, Sept. 11, 2024.
A shop owner displays a Mongolian flour product at an import supermarket in Erenhot, north China’s Inner Mongolia Autonomous Region, Sept. 11, 2024.

Erenhot, in north China’s Inner Mongolia Autonomous Region, is the largest land port on the China-Mongolia border.

Among the crowd, Batmunkh, wearing a backpack, stood on his tiptoes, his eyes sparkling with excitement as he looked around eagerly.

Booming Tourism

“‘China Travel’ is a real hit in Mongolia. I’ve already traveled to multiple cities in China, including Hangzhou and Xi’an,” said Batmunkh, from Ulaanbaatar, the capital of Mongolia.

He added that like him, many tourists in Mongolia are drawn to China because of convenience in traveling and reasonable vacation cost.

Meanwhile, many Chinese tourists chose to travel to Mongolia to enjoy the landscape and folk customs of the neighboring country. Hao Xiaoming, a 34-year-old resident in Wuhan, capital city of central China’s Hubei Province, just concluded a five-day trip to Ulaanbaatar by train.

“I enjoyed the grasslands and characteristic residential houses in Mongolia,” said Hao, adding that the trip was partly motivated by a Mongolian song which can be translated as “The Night of Ulaanbaatar.” The song is popular among Chinese people and its lyrics had been translated into Chinese.

According to data from the port’s entry-exit border inspection station, from the beginning of this year to Sept. 5, Erenhot highway and railway ports recorded over 1.75 million inbound and outbound trips, up 95 percent year on year, and 442,000 transport vehicles, nearly double its growth year on year.

The readings speak volumes for China-Mongolia ties. In recent years, China and Mongolia, as close neighbors with great cultural affinity, have expanded collaboration in tourism, education, medical care and trade to enhance the well-being and mutual learning of the two peoples.

Educational, Medical Opportunities

In a classroom at No. 1 Middle School of Erenhot, 40 Mongolian high school students were taking Chinese language lessons.

“I enjoy Chinese and physical education. I often play basketball with my Chinese friends,” said Midmererdeni, a 17-year-old boy from Khentii Province, Mongolia.

Midmererdeni’s sister used to study in China. When she returned to Mongolia, she found a job related to trade with China. “I want to master Chinese like my sister did,” he said.

Bao Xiuhua, vice principal of the school, said that it has welcomed more than 2,000 Mongolian students since 2006, most of whom went on to study at various Chinese universities.

Apart from receiving education, Mongolian residents came to China for medical services. Grelqiqig, a 65-year-old resident of Ulaanbaatar, received medical treatment at the Erenhot Hospital of Traditional Mongolian and Chinese Medicine for her severe joint pains. This is her first time visiting China for medical services. Her pain was significantly alleviated after receiving daily treatments including acupuncture and cupping for about 10 days.

Another patient who had her illness cured in China, Suyalt, a resident of Ulaanbaatar who had her cataracts removed in China, found a job after returning to Mongolia. In past years, this would have been beyond her wildest dreams.

Over the past five years, Chinese medical personnel have performed free sight-restoring surgeries for more than 1,000 Mongolian cataract patients.

Mongolian Goods in Town

Numerous shop signs on streets and alleys in Erenhot are displayed in three languages: Chinese characters, traditional Mongolian used in China’s Inner Mongolia Autonomous Region, and Cyrillic Mongolian commonly used in Mongolia.

In an import commodity exhibition area of a warehouse store in Erenhot, there is a wide range of imported Mongolian goods on the shelves, ranging from honey, wheat flour, beef jerky, milk tea powder and camel wool to cashmere.

Gu Xiaojing, an Erenhot local, is a frequent shopper at Yaojin import supermarket. As the weather has been getting cold recently, she bought Mongolian wool knee pads and sheepskin gloves from the store.

“We like Mongolian honey and wheat flour,” she said.

Li Wei, manager of the supermarket, said that Mongolian goods were very popular in the store, which also offer commodities imported from Japan, France and Germany.

The popularity of Mongolian goods has also prompted Mongolian enterprises to expand their business in China. For instance, renowned cashmere brand GOBI Cashmere has flagship stores in both Erenhot and Xilinhot in Inner Mongolia Autonomous Region.

Bilateral Trade

Working in Erenhot, 28-year-old Tuxig from Ulaanbaatar speaks fluent Chinese.

She first came to work in Erenhot in June 2018, and returned to Mongolia in early 2020 to get married and start a family. She came back to Erenhot last year with her husband and children to continue working in trade, specializing in the procurement of Chinese machinery, equipment and parts for an agricultural processing company in Ulaanbaatar.

In Erenhot, there are many Mongolian expats like Tuxig. Among them, Bideryaa’s case is special, as the 38-year-old driver of a refrigerated truck constantly shuttles across the border, delivering Chinese fruits and vegetables to Ulaanbaatar.

“Chinese vegetables have enriched the dinner table of Mongolians,” said the driver, adding that trade in vegetables had changed his eating habit as a “meat eater,” making him healthier.

In the area of Erenhot bordering with Zamyn-Uud in Mongolia, an economic cooperation zone is under construction, which is expected to become China’s third cross-border economic cooperation zone with neighboring countries.

With a planned area of 18.03 square kilometers, the China-Mongolia Erenhot-Zamyn-Uud Economic Cooperation Zone is expected to support China’s goals of developing international trade, logistics and cross-border tourism while helping Mongolia realize its targets of developing bulk commodity logistics, processing, international commerce and cultural tourism.

Not far from the construction site is a China-Mongolia barter trade market, where Mongolians sell cashmere while Chinese textile companies use it to develop exquisite cashmere products.

In 2020, Erenhot was designated by the Chinese government as one of the first group of 13 pilot barter trade areas for the processing of imported goods in the country. In the first seven months of this year, the barter trade volume in Erenhot exceeded 400 million yuan (about 56 million U.S. dollars), up 1.34 times year-on-year.
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