15 2 月, 2023

Increasing sustainability in the stadium: Fujitsu partners with the digital center “Arena of IoT” at Deutsche Bank Park

TOKYO, Feb 15, 2023 - (JCN Newswire via SEAPRWire.com) - Fujitsu and EintrachtTech GmbH's digital center "Arena of IoT" have partnered to increase sustainability in stadium management at Deutsche Bank Park as part of a joint project. EintrachtTech is the dedicated subsidiary of Eintracht Frankfurt responsible for all of Eintracht's strategic digital projects. The digital center "Arena of IoT" develops the most ambitious Internet of Things ecosystem in European sports. An existing sensor solution from Mainova AG already evaluates data at the stadium on the condition of training pitches and green areas, transmitting it via a Long Range Wide Area Network (LoRaWAN) gateway. With a sophisticated AI platform for predictive analysis of the data, Fujitsu will build upon the existing solution to ensure that water consumption can be further reduced. Fujitsu is also working with EintrachtTech to install a high-performance solution for intelligent queue management at the Deutsche Bank Park fan store.The demand-based irrigation addresses one of the criteria of the Deutsche Fu ß ball Liga's (DFL) recently adopted sustainability guidelines. The DFL was the first professional soccer league to establish a mandatory sustainability guideline in its licensing regulations - with the clear aim of not only handling club management and organization in the most environmentally and resource-friendly way possible, but also promoting economic, ecological, and social sustainability.Optimizing resource utilizationAs part of the partnership, Fujitsu and EintrachtTech will first work to improve queue management in front of the Deutsche Bank Park fan store. Based on the findings of the first pilot, an expansion to other queues such as at sales points in the stadium is planned. At the heart of the project is the Fujitsu IoT Operations Cockpit. Using existing resources such as the sensor technology in the stadium area, data already collected can be processed in such a way that an increase in efficiency can be achieved. Fujitsu acts as an enabler in terms of data science and machine learning as part of an overarching AI portfolio.Fujitsu and EintrachtTech will continue to work in close coordination to deliver decisive gains in efficiency and sustainability, focusing on both the AI-based green space irrigation and the queue management as initial proofs of concept for the transformative potential of the technology. The initial phase of the trial is already underway and will continue into FY 2023.Fujitsu enables smart interaction of sensors, additional data and AI platformThe project aims to realize sustainability step by step. For example, the irrigation of the training grounds and green areas is to be as precise as possible. This means that special sensors already register soil moisture and solar radiation, forwarding the data via LoRaWAN to the existing partner solution, where the current data is evaluated, and the irrigation status is displayed. Using this data together with AI, the Fujitsu IoT Operations Cockpit can then calculate irrigation amount, location, and duration and determine recommended actions to optimize the process. The AI platform prepares the data relevant for the DFL's sustainability criteria in the field of irrigation.Visitor flows: Real-time waiting time displayIn addition to analyzing irrigation data, Fujitsu and EintrachtTech are planning to measure waiting times at the fan store in Deutsche Bank Park. In the course of the pilot phase, the fan store will be equipped with corresponding technology so that the waiting time can be displayed in real time. The transparent display of waiting times should improve the visitor experience and reduce the risk of missing a goal on the green pitch while waiting in line.In this case, the captured data could be fed into the Fujitsu IoT Operations Cockpit with other existing information, too - e.g. from the turnstiles at the entrances - so that further solution scenarios can be worked out immediately.EintrachtTech and Fujitsu: developing sustainable solutions togetherSport can be very important, especially in stressful times. However, it is just as important to handle the available resources in a particularly responsible manner. Early on, EintrachtTech and Fujitsu sat down together for a detailed needs analysis and explored technical solution approaches. After the analysis, they quickly moved on to designing the technical implementation - and soon the first solutions will be piloted."For Fujitsu, this project with the digital center "Arena of IoT" offers a great opportunity to demonstrate our ability to generate an innovative "AIoT" solution, which combines AI and the Internet of Things," comments Steffen Müter, Head of DACH at Fujitsu Services. "The use case not only shows our expertise in deploying AI, Data Science and Machine Learning in the real world, but also makes an important contribution to the environment. We're proud for the chance to participate in EintrachtTech's efforts to promote sustainability, and share with other companies the transformative power of these kinds of joint projects to make good in the world.""Solutions in the field of the Internet of Things enable us to make the operation of Deutsche Bank Park more efficient and sustainable," explains Dr. Oliver Bäcker, Head of digital center "Arena of IoT" at EintrachtTech. "We are pleased to have Fujitsu as an additional partner for the digital center "Arena of IoT", who will contribute its technological know-how in this subject area during project implementation."About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

6 2 月, 2023

JCB and Vietnam Prosperity Joint Stock Commercial Bank launch VPBank JCB Credit Card with a focus on Generation Z in Viet Nam

TOKYO & HO CHI MINH, Feb 6, 2023 - (JCN Newswire via SEAPRWire.com) - JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a major commercial bank in Vietnam, announced the launch of VPBank JCB Credit Card in Vietnam.The new VPBank JCB Credit Card is the first credit card which is focused on Generation Z in the Vietnam market. Holders of VPBank JCB Credit Card can access JCB's acceptance network with about 41 million merchants around the world.From the launch date, VPBank is also starting to offer many promotion programs and benefits that meet with the needs of this special target segment of cardholders.The VPBank JCB Credit Card brings special offers to customers, including 10% cashback on everyday spending in F&B, entertainment, fitness, food delivery & transportation; welcome gifts for new cardholders; a 0% installment program that is applicable for transactions at any stores as well as many other special promotions. For more information about promotions and benefit, please visit here[1]. https://www.vpbank.com.vn/ca-nhan/the-tin-dung/the-tin-dung-zAbout JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ About VPBankVPBank is one of the leading banks in the Vietnam market: Global top 300 most valuable banking brands (according to Brand Finance), leading the market in terms of capital, mobilization and credit growth. By 2022, VPBank had become the largest charter capital bank in the system and maintained its position as the largest commercial bank in Vietnam by market capitalization. Particularly in the credit card business, VPBank remains one of the leading banks both in terms of cards issued and spending volume.ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp[1] Vietnamese only Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

26 1 月, 2023

Fujitsu and Mizuho Bank embark on collaboration for sustainable management information services

TOKYO, Jan 26, 2023 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited (Fujitsu) and Mizuho Bank, Ltd. (Mizuho Bank) today announced a collaboration focused on the development of services for corporate customers to manage ESG and SDG related data including greenhouse gas emissions.Figure: Image of the joint projectThe joint effort will combine Mizuho Bank's customer networks and knowledge of environmental and energy solutions with Fujitsu's cloud services for visualizing CO2 emissions across the entire supply chain, supporting customers in their efforts towards de-carbonization and to improve the efficiency of their sustainable management strategies.Responding to the call for urgent climate actionEnvironmental management represents an increasingly important issue in corporate activities. In addition to financial information, the proactive disclosure of non-financial information, related to environmental and social tasks, has become an important factor in corporate evaluations. At the conclusion of the United Nations Climate Change Conference held in 2021 (COP 26), countries agreed on the "goal of limiting the increase in the global average temperature to well below 2 degrees C above pre-industrial levels and pursuing efforts to limit it to 1.5 degrees C."(1) As countries worldwide are accelerating their de-carbonization efforts, companies are being required to enhance their responses to practical issues including the calculation of GHG emissions.Mizuho Bank positions initiatives addressing climate change as an important part in its management strategy and is actively engaging in constructive dialogue with its customers in response to their unique challenges and needs. Mizuho Bank is further developing and providing financial products and services to support its customers' efforts to combat climate change and to contribute to the realization of a carbon-free society.Fujitsu, too, is focusing on climate related issues and is actively working towards the decarbonization of its own operations by utilizing technologies and services that support digital innovation. Fujitsu provides its customers and society with the know-how and technical capabilities gained through its efforts to go carbon neutral via consulting and service solutions that contribute to climate change mitigation and adaptation.Outline of the joint initiativeWithin the joint project, the two companies will leverage Mizuho Bank's customer networks and insights in customers' environmental management issues and needs with Fujitsu's services, including the SaaS based sustainability management information service provided by Fujitsu Japan Co., Ltd. as well as Fujitsu's Manufacturing Industry Solution COLMINA Factory Optimization Dashboard. This will allow the two companies to calculate, visualize and accurately and efficiently analyze GHG emissions to support customers in reducing their carbon footprint. By making it possible to comprehensively manage various ESG data (non-financial information), including energy consumption, waste management, occupational health and safety and CSR activities, the new service will enable companies to respond to the Japanese Law Concerning the Rational Use of Energy (Energy Conservation Act) and also promptly and accurately disclose information for global reporting standards including CDP(2), TCFD(3), SBT(4) and RE 100(5). In this way, the two companies will contribute to solving customers' environmental management issues and ultimately support clients in enhancing their corporate reputation and attract ESG investment.Fujitsu and Mizuho Bank will additionally continue cooperation with the aim to develop further services and solutions to support customers in their business.Future PlansMizuho Bank will continue to proactively promote sustainability action to realize a sustainable society. As a comprehensive financial institution, Mizuho Bank provides advisory services and solutions, including financing support through sustainable and environmental finance, that help customers to strengthen their business and transition towards de-carbonization.Fujitsu will continue to promote "Sustainable Manufacturing," one of the Key Focus Areas of Fujitsu Uvance, to achieve growth through the coexistence of people and the earth.(1) Goal of limiting the increase in the global average temperature to well below 2 degrees C above pre-industrial levels and pursuing efforts to limit it to 1.5 degrees C(2) CDP:International non-profit organization representing institutional investors that encourages companies to disclose their environmental impact and to take measures to mitigate those impacts.(3) TCFD:"Task Force on Climate-related Financial Disclosures"; Disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures. Established by the Financial Stability Board (FSB) to examine how to conduct climate-related disclosure and respond to financial institutions.(4) SBT:"Science Based Targets"; In 2015, the Science Based Targets Initiative (SBTi), a joint initiative of organizations including the United Nations Global Compact and the World Resources Institute (WRI), identified targets.(5) RE 100:An initiative run in partnership with CDP by The Climate Group, an international NGO. Made up of companies aiming to use 100% renewable energy.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.About Mizuho BankMizuho Bank is a wholly-owned subsidiary of Mizuho Financial Group, Inc., one of the largest, full-service financial institutions in the world, with approximately 60,000 employees in 35 countries/regions outside of Japan, nearly 150 years of banking experience, and assets of almost USD 2 trillion. Mizuho Bank has one of the largest customer bases in Japan, and a global network of financial and business centers.Press Contacts:Fujitsu LimitedPublic and Investor Relations Division Inquiries (www.fujitsu.com/global/about/resources/news/presscontacts/form/index.html)Mizuho BankCorporate Communications Department Phone: +81-3-5252-6574 Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

17 1 月, 2023

Fosun Receives RMB12 Billion Syndicated Loan to Consolidate Capital for Business Development

HONG KONG, Jan 17, 2023 - (ACN Newswire via SEAPRWire.com) - On 16 January 2023, Fosun High Technology, the domestic operating entity of Fosun International Limited ("Fosun International", HKEX: 00656), and eight domestic banks held a syndicated loan signing ceremony at the Bund Finance Center, Shanghai. According to the agreement, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications as joint lead banks, and China Minsheng Bank, the Export-Import Bank of China, and Shanghai Pudong Development Bank, and as participating banks will jointly form a syndicate to provide Fosun High Technology a loan totaling RMB12 billion.It is reported that this is the largest private enterprise loan led by five major state-owned banks in cooperation with policy banks and joint-stock banks since the Central Economic Work Conference explicitly proposed in mid-December last year to encourage and support the development of the private economy and private enterprises.The market is generally in the view that the syndicated loan is not only of great significance to Fosun, but it also plays a positive role in improving public expectations and boosting confidence for development for private enterprises in Shanghai and even the entire country.According to the Company's official release, Guo Guangchang, Chairman of Fosun International said that this signing has further deepened the cooperation between Fosun and banks, broadened financing channels, and consolidated liquidity support for business development.Before the RMB12 billion syndicated loan was officially completed, on 13 January, Fosun High Technology successfully completed bookbuilding for the RMB1 billion super & short-term commercial paper "23 Fosun High Technology SCP001" with a term of 180 days and a coupon rate of 6.99% per annum. The super & short-term commercial paper is Fosun High Technology's first issuance since its return to the public market at the end of April 2022.Market analyst pointed out that the successful issuance of the super & short-term commercial paper and the smooth completion of more than RMB10 billion syndicates loan reflect financial institutions and investors' confidence in the stabilization of Fosun's capital and their endorsement of Fosun's strategy of streamlining the organization and focusing on its core businesses.Over the past six months or so, Fosun's series of divestment actions in the capital market have gained widespread attention. During the period, companies under Fosun significantly reduced their shareholdings in Nanjing Iron and Steel United, Jianlong, Zhaojin Mining, Tsingtao Brewery, Jinhui Liquor, Zhongshan Public Utilities, Sanyuan, and COFCO Engineering & Technology. According to incomplete statistics, Fosun's accumulative return of capital has reached tens of billions of yuan. In addition to this syndicated loan and the super & short-term commercial paper, Fosun's capital has been further consolidated.In recent years, Fosun proposed to position itself as a global innovation-driven consumer group. In the past six months or so, Fosun has significantly accelerated its pace of focusing on its core businesses in the family-oriented consumer sector. Based on recent positive news, it can be seen that this strategic adjustment has already achieved results, and Fosun's Health, Happiness, Wealth and other family-oriented consumer sectors have shown a strong recovery momentum.Taking Fosun Tourism Group in the Happiness segment as an example, on the New Year's Day this year, Atlantis Sanya, FOLIDAY Town Lijiang and other businesses have all performed better than the same period in 2022, and many Club Med resorts in China recorded close to 100% occupancy. In the global market, Club Med's bookings in the first half of 2023 have greatly exceeded the same period in 2019 before the COVID-19 epidemic.Regarding Fosun Pharma in the Health segment, its anti-epidemic vaccine and drug continue to attract great attention. COMIRNATY, including the monovalent COVID-19 mRNA vaccine (BNT162b2) and the bivalent vaccine which can protect against the Omicron variant, was officially registered as a drug/product (biological product) in Hong Kong SAR on 20 December 2022. Fosun Pharma has also opened up vaccinations to people including Mainland Chinese residents. As regards Azvudine, the oral medication for COVID-19, it is now included in the medical insurance scheme in 31 provinces, municipalities, and autonomous regions across the country, and is available in grassroots medical institutions in many provinces. The accessibility of Azvudine has been greatly enhanced.Based on its solid financial performance and strong potential for rebound, domestic and overseas securities firms have recently issued research reports, assigning Fosun International an "overweight" rating. On 12 January, Nomura Orient International Securities published a research report and mentioned that Fosun International currently has sufficient cash flow, the short-term liquidity problem has been resolved, the future leverage ratio is expected to be reduced, and the capital structure will continue to be optimized; at the operational level, Fosun will firmly focus on its core businesses in the family-oriented consumer sector. With the continuous optimization of China's epidemic prevention policy, the firm expects Fosun to achieve better performance.Previously, China International Capital Corporation (CICC) and China Industrial Securities have published research reports successively and expressed optimism about Fosun's strategy of streamlining the organization and focusing on its core businesses."In the medium and long term, we believe that the valuation method of Fosun International is expected to gradually shift from using the NAV of the group to using the PE of the large consumer company. As a result, Fosun is expected to usher in a rise in the central level of long-term valuation," CICC mentioned in the research report. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

17 1 月, 2023

It’s GoTyme: Mambu enables Tyme Group to ‘lift and shift’ South African TymeBank digital banking concept into Asia

SINGAPORE, January 17, 2023 – (SEAPRWire) – Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve access to high-quality financial services for Filipinos. Singapore-based Tyme Group, which has partnered with Gokongwei Group to launch GoTyme Bank in the Philippines, has had a long-standing relationship with Mambu, with the organisations working together for many years in South Africa, where Mambu powered South Africa’s TymeBank to transition into a fully-fledged digital bank. Nate Clarke, President and CEO of GoTyme Bank, said: “With the knowledge gained from transitioning TymeBank in South Africa to a fully digital bank, we knew we needed GoTyme Bank to be ‘born in the cloud’ in order to have the capacity to scale efficiently, so Mambu’s SaaS cloud-native, API-first banking platform was the obvious choice for us. We understood what the Mambu platform was capable of and we were confident it would enable us to ‘lift and shift’ the TymeBank digital bank concept from South Africa to the Philippines, a market very similar in some ways, but very different in others, particularly in terms of the regulatory landscape.” In a similar approach to TymeBank in South Africa, GoTyme Bank in the Philippines offers next-level digital banking services via kiosks set up in retail outlets belonging to Robinsons Retail Holdings Inc under the Gokongwei Group. GoTyme Bank will have 348 kiosks in operation by the end of 2023. These GoTyme kiosks, which will be opened right across the country, will enable access to secure, convenient and high-quality financial services to the millions of Filipinos who are currently excluded from the formal banking system. Continued Clarke: “Access to electronic payments has radically improved over the past few years in the Philippines, but access to basic accounts is only the beginning of what is required. Today, less than 3% of Filipinos have access to affordable credit such as a credit card, less than 3% have access to insurance, and less than 3% have access to high yield investments such as stocks. Every year, millions of smart, employed Filipinos fall short of their potential because they do not have access to high-quality banking products. At GoTyme Bank, we are here to unlock the financial potential of all Filipinos through next-level banking.” William Dale, Regional Vice President APAC at Mambu, added: “TymeBank in South Africa has proven to be incredibly successful in serving a customer base with similar levels of financial exclusion as the Philippines. Mambu and Tyme Group’s prior experience working together meant that we truly hit the ground running in the Philippines and didn’t need to ‘reinvent the wheel’ in a lot of instances. The result is an innovative, unique, and customer-centric digital bank that has been designed specifically to meet the needs of Filipinos. Like Tyme Group, our focus with everything we do is making banking better for everyone and improving access to financial services, so this partnership is rewarding on many levels.” Products and services on offer to customers via GoTyme Bank at launch include a free Visa debit card for in-person and online purchases, bank transfers via the mobile app, and a valuable rewards program, Go Rewards, via partner Robinsons. Enabling digital transactions is of particular importance to Filipino customers, with the Philippines identified as one of the world’s leaders in the digitisation of financial services, as reported by the Philippine News Agency. This increase in digital transactions has been driven both by the pandemic and by Bangko Sentral ng Pilipinas (BSP)’s commitment to reaching 50 per cent of total transactions being digital by 2023. Christopher Bennett, Chief Technology Officer at GoTyme Bank concluded: “With the Mambu / Tyme Group digital banking model now proving successful in two countries, planning is underway to launch similar digital banks in other parts of Asia. Powered by Mambu’s world-class cloud banking platform, we want to see our customer-centric digital banking concept have a positive impact on financial inclusion right across the Asia Pacific region. “By utilising Mambu’s cutting-edge platform and leveraging the country-wide reach of the Gokongwei Group’s ecosystem, GoTyme Bank has the unique opportunity to become deeply integrated into the lives of Filipino consumers.” GoTyme Bank will roll out a number of innovative new products and services through the banking app in the coming months. _ ENDS _ Media contact: rachel@crystalclearcommunications.com.au About Mambu Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu has 900 employees that support 250 customers in over 65 countries – including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank. www.mambu.com About GoTyme Bank GoTyme Bank, is regulated by the Banko Sentral ng Pilipinas and is a joint venture of the Tyme Group, a multi-country digital banking group, with members of the Gokongwei Group of companies, namely Robinsons Bank, Robinsons Land Corporation, and Robinsons Retail Holdings, Inc. GoTyme Bank aims to unlock its customers’ financial potential with the convenience and security of digital banking. With a high tech-high touch approach, GoTyme Bank combines the ease of immediate account opening with a personalised debit card released through kiosks located in shopping malls throughout the Philippines, plus the power of self-serve financial solutions accessible through an intuitive “all in one” banking app. These, along with other industry-leading offerings, set GoTyme Bank on-track to revolutionise banking in the Philippines. The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

29 11 月, 2022

Pie Systems Japan Signs a Strategic Partnership Agreement with JAPAN POST BANK

TOKYO, Nov 29, 2022 - (JCN Newswire via SEAPRWire.com) - Pie Systems Japan Co., Ltd., a leading Travel Tech which provides the VAT refund solution PIE VAT and a subsidiary of Pie Systems Inc, today announced a strategic partnership agreement with JAPAN POST BANK Co., Ltd., a bank in the Japan Post Group which provides comprehensive financial services to a wide range of individual customers, mostly through the nationwide network of post offices. The partnership aims to leverage JAPAN POST BANK's nationwide network, and expand PIE VAT member merchants in Japan.Tax-free sales process with PIE VATIn this Strategic Partnership AgreementIn order to contribute to regional revitalization by encouraging regional businesses to implement digital transformation, JAPAN POST BANK will engage in acquiring PIE VAT merchants and enhancing the tourism experience of inbound tourists to Japan.Pie Systems Japan will encourage merchants to accelerate digital transformation by introducing PIE VAT and improving business operations efficiency. Pie Systems Japan will contribute to increasing business opportunities for merchants and revitalizing the regional economy by improving the shopping experience for inbound tourists to Japan.About PIE VATPIE VAT is a digital platform delivering delightful tourism, starting with digitizing tax-free shopping for merchants and tourists. Merchants can set up PIE VAT on their PC or tablets without hardware integration. Tourists easily claim their VAT refunds when traveling abroad with PIE VAT app. PIE VAT can reduce the operational burden for merchants and improve the shopping experience for tourists.About JAPAN POST BANKJAPAN POST BANK Co., Ltd. is a bank in the Japan Post Group, which was established in October 2007. The Bank provides comprehensive financial services to a wide range of individual customers, mostly through a nationwide network of post offices, with the aim of becoming "the most accessible and trustworthy bank in Japan." For more information, visit https://www.jp-bank.japanpost.jp/en_index.html About Pie Systems and Pie Systems JapanPie Systems streamlines the process of VAT-free shopping for tourists, maximizing value and efficiency for both tourists and merchants alike. With the fully digitized end-to-end solution PIE VAT, merchants can facilitate, and tourists can claim VAT refunds at the touch of a button on their mobile device. For more information, visit https://www.pievat.com/For media queries, please contact:Kumiko KidaMedia RelationsPie Systems JapanEmail: kumiko.kida@piesystems.io Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

21 9 月, 2022

Dah Sing Bank and Friends of the Earth (HK) Jointly Present Retail and E-Commerce ESG Forum for SMEs

HONG KONG, Sep 21, 2022 - (ACN Newswire via SEAPRWire.com) - The second industry forum (the "Forum") under the SME ESG Best Practices Recognition Programme ("the Programme") took place today under the joint auspices of Dah Sing Bank, Limited ("Dah Sing Bank") and Friends of the Earth (HK) ("FoE HK"). It gathered business and industry leaders to discuss how SMEs in retail and e-commerce sector can meet market needs and expand their businesses while practising sustainable development concepts, promoting diversification and inclusiveness, improving business operations, and working together to enhance environmental, social and governance ("ESG") standards for a better life together.Mr. Plato Yip, Chairperson, Friends of the Earth (HK) delivering speechMs. Phoebe Wong, Deputy Chief Executive, Senior Executive Director, Group Head of Personal Banking, Dah Sing Bank delivering speechMs. Phoebe Wong, Deputy Chief Executive, Senior Executive Director, Group Head of Personal Banking, Dah Sing Bank (Right), Mr. Plato Yip, Chairperson, Friends of the Earth (HK) (Left)The Forum - Topic 1: Dialogue with listed companies: ESG trends for the Retail & e-Commerce Sector - Opportunities and Challenges for SMEsThe Forum - Topic 2: Dialogue with SMEs: The ESG impacts for SMEs - How to get started?In recent years, the retail industry has to face various environmental and social challenges. The gradual change in seasonal shopping patterns as a result of environmental risks such as climate change command retailers to be more agile in operation to adapt to the changing sales seasons. Issues such as plastic wastes and more complex logistics are also among the challenges the industry is facing. As for social risks, with consumers' spending patterns changing, and the emphasis on healthy products and food safety growing, retailers need better understanding of customers' brand perception and preferences in order to retain and attract customers. In addition, technologies and their applications are changing the retail industry landscape. With fewer manpower needed at physical stores, employees need to be more capable of dealing with customers and managing changes. Practising ESG will help SMEs strengthen their ability to mitigate these potential risks.In the opening speech, Mr Plato Yip, Chairperson of FoE HK, said, "In recent years, the epidemic has accelerated the pace of digital transformation of businesses, with online shopping becoming the new norm for Hong Kong consumers. To stand out in this highly competitive market, retailers must not only adapt to the new norm, but also interact more closely with consumers and build closer ties with them. The ability of the industry to position itself accurately, keep abreast of the latest trends, and prepare for the challenges ahead is crucial not only for the businesses themselves but also for the Hong Kong retail industry as a whole. As SMEs seek to accelerate their transformation and breakthrough, ESG is one of the most effective ways to help them save costs, win reputation, and improve their competitiveness in an adverse market."Ms Phoebe Wong, Deputy Chief Executive, Senior Executive Director and Group Head of Personal Banking of Dah Sing Bank, said, "The 'SME ESG Best Practices Recognition Programme' is a partnership between Dah Sing Bank and FoE HK to raise ESG awareness among SMEs in different industries, and our aim is to encourage them to implement ESG practices to save costs and gain customers and word-of-mouth in a competitive market. The retail industry contributes enormously to Hong Kong's economy, and e-commerce has also been growing rapidly in recent years. However, increasing consumer attention on eco-lifestyles and responsible consumption is presenting challenges and opportunities for both traditional retail and e-commerce operators. We hope that today's Forum will inspire and encourage SMEs to take their first step towards sustainable business practices."The first half of the Forum was moderated by Mr Ryan Fung, ESG Analyst and Media Advisor, and Ms Freda Au, Head of Content at EDigest, NMG. Executives from large retailers and online shopping platforms shared how businesses can optimise resource management, promote social wellbeing, improve corporate governance, and encourage different stakeholders to promote sustainable development through various means like procurement, supplier selection and talent acquisition. Chaired by Ms Serena Mak, Board Governor of FoE HK, the second panel of SME business representatives discussed the problems faced by SMEs in the retail and e-commerce sector when implementing ESG concepts, and provided advice on how to fulfil sustainability commitments while showcasing their products, services and brand image as well as enhancing their competitive advantages and maintaining business growth. The Forum attracted the participation of close to 100 business leaders, executives, and media representatives.The Programme is the first sector-specific ESG recognition scheme for SMEs to encourage them to adopt ESG best practices to promote sustainable development in their industries. Using the United Nations Sustainable Development Goals as a framework, it evaluates the sustainable development strategies and policies of SMEs and their ability to manage and drive sustainable development. SMEs are recognised for achieving a certain level of improvement within a specific period of time. The Programme is sponsored by Dah Sing Bank and participation is complimentary for SMEs. Additionally, Dah Sing Bank is offering further incentives in the form of fee discounts and cash rebates to all participating and/or recognised SMEs, and an exclusive cash award of HKD1,000 will be given to the recognised participants. SMEs in the retail and e-commerce industries can enrol in the Programme from now until 18 November 2022. Please refer to the attached fact sheet for details.The team of professionals behind the Programme can be described as "ESG doctors" for enterprise development. Consultancy firms offering such services are plentiful and typically command fees of more than HKD100,000. SMEs taking part in the Programme will have access to similar support free of charge, helping them to identify areas for improvement in their business as early as possible and to plan ahead.This year marks the 75th anniversary of Dah Sing Bank. A series of celebratory activities has been launched since June to engage local communities, SMEs and customers as well as to promote green lifestyles. Through these activities, the Bank hopes to thank and share its joy with the public and its customers, express its advocacy for sustainable lifestyles, and bring vitality to Hong Kong's communities and economy. For details, please visit the Bank's 75th anniversary webpage on http://www.dahsing.com/75Anniv/en.About Dah Sing Bank Dah Sing Bank, Limited ("Dah Sing Bank") is a wholly-owned subsidiary of Dah Sing Banking Group Limited (HKG:2356) which is listed on the Hong Kong Stock Exchange. Founded in Hong Kong 75 years ago, Dah Sing Bank has been providing quality banking products and services to our customers with a vision to be "The Local Bank with a Personal Touch". Over the years, Dah Sing Bank has been rigorous in delivering on our brand promise to grow with our customers in Hong Kong, the Greater Bay Area and beyond - "Together We Progress and Prosper". Building on our experience and solid foundation in the industry, Dah Sing Bank's scope of professional services now spans retail banking, private banking, business and commercial banking. Meanwhile, Dah Sing Bank is also making significant investments in our digital banking capabilities to stay abreast with smart banking developments in Hong Kong and to support financial inclusion at large. In addition to its Hong Kong banking operations, Dah Sing Bank also has wholly-owned subsidiaries including Dah Sing Bank (China) Limited, Banco Comercial de Macau, S.A., and OK Finance Limited. It is also a strategic shareholder of Bank of Chongqing with a shareholding of about 13%. Dah Sing Bank and its subsidiaries now have around 70 operating locations in Hong Kong, Macau and Mainland China.About Friends of the Earth (HK) Friends of the Earth (HK), as a leading environmental advocate, focuses on protecting our local and regional environment, offers equitable solutions to help create environmentally sustainable public policies, business practices and community lifestyles and engages government, business and community to act responsibly. Friends of the Earth (HK) is dedicated to promote green finance and cultivate ESG talents to transition HK and Asia Pacific region into a carbon neutral economy. Friends of the Earth (HK) closely partners with SME associations in Hong Kong (with coverage >3,000 companies), as well as international associations (e.g., World Benchmarking Alliance), with strong access to ESG & green finance talents professionals in Hong Kong, through our CESGA alumni network. Friends of the Earth (HK) launched the first Green Finance Roadmap of its kind in the APAC region in 2019. One of our key focus would be on building capacity for industry practitioners and general public towards green finance, and hence our events are centered around "Green Finance Connect Education Series". Examples include Sustainability Leadership Seminars, our Green Finance Symposium on ESG integration. We aim to work with all sectors of the community to build a sustainable society and environment.Media EnquiriesDah Sing Bank, LimitedGigi Lee +852 2507 8629 gigiwclee@dahsing.com Friends of the Earth (HK)Tiffany Yip +852 3184 1510 tiffanyyip@foe.org.hk Strategic Financial Relations LimitedMargaret Lam +852 2114 4956 margaret.lam@sprg.com.hkCynthia Ng +852 2114 4952 cynthia.ng@sprg.com.hk Dah Sing Bank and Friends of the Earth (HK) Jointly Present:The SME ESG Best Practices Recognition ProgrammeTimetableIndustry #1 Property and Construction / Industry #2 Retail and E-CommerceKick-off Ceremony: 8 June 2022Industry Forums Registration Begins: 8 June 2022 to 24 June 2022 / 23 August 2022 to 18 September 2022Industry Forums / Programme Application Opens: 27 June 2022 / 21 September 2022Programme Application Period: 27 June 2022 to 31 August 2022 / 21 September 2022 to 18 November 2022Programme Application Deadline: 31 August 2022 / 18 November 2022Online Questionnaire Completion & Supporting Documents Submission: Until 31 December 2022 / Until 28 February 2023 Programme Result Announcement: Q1 2023 / Q2 2023 Programme websitehttps://bit.ly/3x7tSS4Dah Sing Bank offers exclusive Programme Incentiveshttps://bit.ly/3OncS0lThe Roadmap to a Sustainable Retail & e-Commerce Sector - Opportunities and Challenges for SMEsGuest ListTheme: Dialogue with listed companies: ESG trends for the Retail & e-Commerce Sector - Opportunities and Challenges for SMEsModerators- Mr. Ryan FungESG Analyst and Media Advisor - Ms. Freda AuHead of Content, EDigest, NMGGuest Speakers:- Ms. Cerin YipESG Director, Alibaba Group- Mr. Johnny SiuESG Finance Manager, DFI- Ms. June LamChief Executive Officer, HomePlus (Hong Kong) LimitedTheme: Dialogue with SMEs: The ESG impacts for SMEs- How to get started?Moderator:- Mr. Anthony CheungVice-chairperson & Green Finance Convenor, Friends of the Earth (HK)Guest Speakers:- Ms. Jane TongTreasurer, SME Sustainability Society- Mr. Thomas CC WongExecutive committee Member, The Chinese Manufacturers' Association of HK- Ms. Pam MakLife Honorary President, HK Small & Medium Enterprises Association- Mr. Eric YeungVice President, HK General Chamber of Small and Medium Business Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

27 8 月, 2022

Bank of Qingdao Announced its 2022 Interim Results

HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Bank of Qingdao Co., Ltd. ("Bank of Qingdao" or the "Bank"), the largest City Commercial Bank in Shandong Province, China, announced its interim results for the six months ended June 30, 2022 (the "Reporting Period").In the first half of 2022, problems such as supply chain disrupted by the epidemic and energy shortages caused by the Russia-Ukraine conflict continued to ferment and the risk of global economic "stagflation" increased. However, the Bank of Qingdao has always centering on the development vision of "Innovative Finance, Brilliant Banking", the Bank is firmly committed to the strategic goal of "being a technology-driven bank that offers new quality financial products with lean management and outstanding features", the sustainable development capacity of the Bank is constantly enhanced, and set a record against the market.The Net Profit Increased Stably Credit Assets Increased SteadilyBank of Qingdao continued optimizing the structure of asset and liability while increasing support to the real economy, and strove to expand its intermediary services. As at the end of the Reporting Period, the Company's operating income amounted to RMB6.211 billion, representing an increase of RMB884 million or 16.60% YoY. In addition, during the reporting period, total customer deposits reached about RMB 330.030 billion, an increase of 5.26%. Among them, personal deposits broke through the 120 billion mark, an increase of 3.77%.In terms of performance indicators, the company's net profit increased rapidly. During the Reporting Period, the accumulated net profit was RMB2.060 billion, representing an increase of 12.40% over the same period of last year. Net profit attributable to shareholders of the parent company amounted to RMB2.018 billion, representing a year-on-year increase of 12.28%.In terms of asset quality, Bank of Qingdao continuously strengthened the quality control of credit assets. While the credit assets grew steadily, the bank strengthening the comprehensive remediation of overdue loans, non-performing loans and other risky loans and strived to minimize the cost of each risk. The credit quality maintaining steady and promising. As at the end of the Reporting Period, the non-performing loans ratio of bank continuously stable and declining, the non-performing loans ratio decreased by 0.01 percentage point as compared with that at the end of last year to 1.33%. Provision coverage ratio was 209.07%, representing an increase of 11.65 percentage points as compared with that at the end of the previous year, further improve the ability of risk resistance.Meanwhile, Bank of Qingdao expanded its credit support for the real economy and increased its risk-weighted assets. In terms of capital replenishment, the Company raised a net capital of RMB4.154 billion through A share and H share rights issue, to supplement core tier-one capital, improve the level of capital adequacy, and further improve its capacities on risk resistance and supporting the development of the real economy. Retail bankingDuring the Reporting Period, Bank of Qingdao saw record new retail customers in a continuously optimized customer base structure, the bank held RMB276.398 billion assets of retail customers, representing an increase of RMB22.490 billion or 8.86% as compared with that at the end of the previous year. Besides, the retail strategy of the bank achieved remarkable results, retail deposits continued to grow while the payroll credit business was booming, the balance of the Bank's retail deposits amounted to RMB128.674 billion, representing an increase of RMB18.244 billion or 16.52% as compared with that at the end of the previous year, accounting for 38.99% of total customer deposits, representing an increase of 3.77 percentage points as compared with that at the end of the previous year.In terms of retail loans, Bank of Qingdao developed inclusive finance and provided loan services for individual industrial commercial households and small and micro enterprises. On the premise of meeting the regulatory requirements, it steadily developed personal housing loans and increased the proportion of Internet loans granted in the province to build its own Internet loan brand. During the Reporting Period, the Bank vigorously developed its self-operated Internet loan "Hairong Yidai" by launching "Hairong Yidai - Convenient Loans" for residents in the province and optimizing such products as "rural revitalization loan" and "easy loans for stores", thereby forming a complete sequence of self-operated Internet loan products. As at the end of the Reporting Period, the business balance from "Hairong Yidai" reached RMB169 million, representing an increase of 233.80% as compared with that at the end of the previous year.In terms of credit card business, Bank of Qingdao upheld the principle of prudent risk management for its credit card business by strengthening operational compliance and developing customer base. During the Reporting Period, the accumulated transaction amount was RMB36.921 billion, representing a year-on-year increase of 56.31%.In term of the wealth management and private banking business, Bank of Qingdao adhering to the "customer-centric and market-oriented" service philosophy, the Bank is committed to building a professional service team and implementing customer segmentation by leveraging on market opportunities, so as to improve its customer service capabilities and drove a steady increase in the number of customers and asset size. As at the end of the Reporting Period, the Bank had 53.6 thousand retail customers with assets under management of over RMB1 million, an increase of 4.1 thousand or 8.28% from the end of the previous year, for a total of RMB123.772 billion assets managed by the Bank, an increase of RMB9.812 billion or 8.61% from the end of the previous year.In term of the customer service management, warm service is the operating feature of Bank of Qingdao. The bank has always attached importance to the promotion of network services, creating industry benchmarking and delivering "BQD services". The bank closely aligning with the theme of retail business development in service management, with continuous efforts to promote service experience management, and further expanded the intension and extension of BQD service. From the earliest standardized service to the warm service and then to the current advocated value-based service, BQD services always focus on customer needs, continuously optimized and adjusted the way of service management, coordinated and formed a synergy to improve customer experience, builds a closed loop from service quality management to service experience management, creating a new advantage of value-based service management to establish its core competitiveness in user experience, thus break new ground for the service management value.Corporate bankingIn terms of corporate banking, Bank of Qingdao established a grid-based marketing system and a front-end marketing mechanism to strengthen the service support capability of the headquarters. In addition, the Bank made precise efforts to expand customer base, increased income from intermediary business and reduced capital expenditures, driving a steady growth in corporate business. Bank of Qingdao's corporate deposits gained momentum. The Bank achieved steady growth in corporate deposits by capturing policy opportunities through "headquarter-to-headquarter" marketing, reaching out to industrial customers and acquiring customers from the source in bulk. The balance of corporate deposits (excluding accrued interest) reached RMB201.246 billion, accounting for 60.98% of the balance of various deposits (excluding accrued interest). During the Reporting Period, the Bank's efforts in customer base construction gradually emerged as a driver for increased deposits, with the average daily deposits from new corporate customers increasing by RMB3.610 billion and the average daily deposits from strategic customers at headquarter level reaching RMB82.820 billion, representing an increase of RMB11.551 billion as compared with that at the end of the previous year.In terms of the corporate loans, Bank of Qingdao fully implemented the new development concept with focusing on green and low-carbon development to develop a distinctive blue-finance brand. During the Reporting Period, amid challenges from economic downturn and decline in effective demand, the Bank seized quality assets and increased its credit facilities, balance of corporate loans (including discounted bills and excluding accrued interest) amounted to RMB189.087 billion, representing an increase of RMB21.624 billion as compared with that at the end of the previous year, representing an increase of 12.91%.In terms of the corporate customers, Bank of Qingdao revolving around customers, focused on building the customer base by promoting "the basic management and grass-roots management strategy" to expand foundational customer base, and adhering to hierarchical management to optimize customer structure, so as to achieve increased number and improved quality of customers. During the Reporting Period, the Bank paid close attention to the reserve of high-quality projects, followed major national and regional strategic plans and provincial and municipal industrial development plans, and strengthened accurate marketing to listed or to-be-listed, specialized, fine, characteristic and innovative companies specializing in green finance, blue finance and carbon finance. As at the end of the Reporting Period, the total corporate customers who have opened accounts with the Bank amounted to 194.2 thousand, representing an increase of 14.5 thousand or 8.07% from the end of the previous year. As at the end of the Reporting Period, Bank of Qingdao continued to adhere to the inclusive business development policy of "serving small and micro enterprises (SMEs) based on the local economy", and to focus on the three business directions of "technological finance, agricultural finance and livelihood finance" for strengthening product innovation and improving service level, so as to support development of SMEs. Since the epidemic, the Bank has implemented the support policies of governments at all levels and regulatory authorities for SMEs by launching "Easy Loan", "Growing Loan", "e Tax Loan" and other characteristic businesses, to fully support SMEs to fight against the epidemic and resume production. As at the end of the Reporting Period, the balance of inclusive loans to SMEs amounted to RMB25.578 billion, up by RMB3.572 billion or 16.23% from the end of the previous year, higher than the growth of the Bank's all other loans.Financial Market BusinessIn terms of the financial market business, Bank of Qingdao optimized the asset structure, and adhered to the development principle of light capital to enrich investment varieties for multiple channels to increase income and profits. The Bank actively promoted the issuance of capital bonds with no fixed term to provide strong support for business development. While continuously strengthening the comprehensive strength of wealth management, the Bank continued to enrich the product portfolios to give play to marketing commission channels. In addition, the Bank gave full play to the advantages of corporate banking qualification to expand the coverage of issuance and underwriting business, which significantly improved the depth and breadth of investment banking business, and increased its brand influence year by year. Bank of Qingdao responded to regulatory orientation, focused on market changes, continued to optimize the investment structure, actively participated in market transactions, adhered to the principle of light-capitalization development, increased total assets while controlling the capital consumption ratio, strengthened the swing trading of standardized assets, and improved comprehensive profitability. As at the end of the Reporting Period, the Bank's proprietary amounted to RMB203.933 billion, representing an increase of RMB20.370 billion or 11.10% as compared with that at the end of last year. Among them, the scope of bond investment reached RMB129.986 billion, representing an increase of RMB18.077 billion or 16.15% as compared with that at the end of last year, mainly due to the increase in investment in non-financial corporate bonds, local government bonds and railway bonds; RMB40.776 billion investments in public fund products, representing an increase of RMB803 million or 2.01% as compared with that at the end of last year, mainly due to the increased investment in bond-type public funds. In terms of the Interbank business, Bank of Qingdao actively responded to the new market making rules, and obtained the qualifications as a spot bond market maker in the bond market, becoming the first city commercial bank spot bond market maker in Shandong Province. During the Reporting Period, the Bank continued to obtain the primary dealer qualification for open market business in 2022. Through reasonable pricing and continuous and stable financing, the Bank actively carried out various businesses, continuously improved the quality and comprehensive strength of interbank market transactions, and gave full play to the active role of primary dealers in the open market, contributing to the healthy and stable operation of the interbank market business.During the Reporting Period, the net value of the Bank of Qingdao wealth management products was stable, with obvious comparative advantages among peers. The Bank has established and issued industry-themed fixed-term products, with product series continuing to be enriched. According to the Ranking Report on Wealth Management Capability of Banks (2022 Q2)" released by PY Standard, BQD Wealth Management, Bank of Qingdao's wholly-owned subsidiary, ranked sixth in comprehensive wealth management capability among urban and commercial wealth management institutions. Moreover, BQD Wealth Management was awarded the Golden Honor Award for Outstanding ROI Wealth Management Companies and Golden Honor Award for Outstanding Innovative Wealth Management Companies by PY Standard again by virtue of its excellent comprehensive strength and good customer reputation, proved the Bank's external wealth management financing channel expansion achieved fruitful results, and the management scale and profitability achieved a steady increase.During the Reporting Period, the scope and of scale of investment banking business of Bank of Qingdao has been significantly improved, so did the Bank's brand influence. During the Reporting Period, the Bank recorded the best prices of many projects among those comparables, allowing the Bank to satisfy the low-cost financing needs of good large businesses with less capital, which thus increased the customer loyalty and enhanced customer relationship. Besides, the Bank seized the opportunity for issuance and achieved good performance, and therefore established its image in the bond market by virtue of its excellent comprehensive business capabilities. During the Reporting Period, the Bank ranked first in terms of both scale and number of underwritings among issuers with corporate credit of AA and AA+ in Shandong Province, shown a competitive edge in field of marketization of bond business.In the second half of 2022, China's economy will continuously recover, meanwhile, the "The 20th National Congress of the Chinese Communist Party" will be held in the second half of 2022. This is an important moment for comprehensively building a modern socialist country and marching on a new journey toward the second centenary goal, and the Shandong Province and Qingdao City will continue to promote the replacement of old growth drivers with new ones for optimisation and acceleration. The positive fiscal policy will enhance its effectiveness in all-around way, together with the supports of the stable monetary policy in its aggregate structure and the regulatory policy to stabilise growth and adjust structures, the pressure on the banking sector is expected to ease gradually. Bank of Qingdao will continue to adhere to the basic operation guiding ideology of "deep cultivation and fine operation, intensified promotion, optimized structure, and sustained development" by taking concerted efforts and actions at all levels of the Bank proactively and quickly, and seizing the market to continue the solid development momentum in the first half of the year, so as to ensure the full completion of the annual operating plan. About Bank of Qingdao Co., Ltd.Bank of Qingdao Co., Ltd. Is founded in Nov 1996, which is the first main board listed bank in Shandong Province and the second "A + H" share listed city commercial bank in China. It has ranked among the 500 top banks in the world for many consecutive years. In Dec 2015, the company was listed on the main board of the stock exchange of Hong Kong (03866.HK). In Jan 2019, the company was listed on Shenzhen Stock Exchange (002948.SZ). Bank of Qingdao mainly provides customers with services and products such as corporate and personal deposits, loans, payment and settlement. Driven by the development of retail banking, corporate banking and financial market, the bank initially formed a relatively solid customer base and explored a development path with distinctive characteristics and high quality. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

27 7 月, 2022

SESAMi launches innovative e-financing marketplace amidst rising loan interest rates for businesses

SINGAPORE, Jul 27, 2022 - (ACN Newswire via SEAPRWire.com) - SESAMi has successfully launched a collaboration with its 5 banking partners including OCBC, CIMB and Linklogis to enable suppliers using its platform to get paid immediately on their outstanding invoices and purchase orders.Simplified OnboardingSESAMi will be reaching out to the supplier community to initiate this program. "The funding process will be massively sped up through leveraging on our Early Payment System (EPS), which was launched earlier this year for the SESAMi supplier community. With the digital financing program, suppliers only need to submit minimal documents to be on-boarded under the program," said Sharath Singh, Commercial Director for SESAMi.Competitive PricingThe marketplace will allow suppliers to pick and choose the financing partner best suited to their needs. The financing partners will, on the other hand, leverage on the data provided by SESAMi's e-procurement system to make faster and more accurate credit decisions in real time, allowing the suppliers to gain access to financing at a lower interest rate than the conventional products offered off the shelf. "Customer experience remains key to this initiative whilst we also acknowledge the local businesses priorities is to keep their costs low. This marketplace will give them the best of both worlds," added Mr Ong Teck Soon, SESAMi Holding's Chairman and Group CEO.Digital Financing PartnersLinklogisFounded in 2016 with major shareholders such as Tencent, Government of Singapore Investment Corporation (GIC), and Standard Chartered Bank, Linklogis is one of the largest supply chain finance technology service providers in the world. Linklogis was successfully listed on the main board of HKEX in April of 2021 as the first supply chain finance technology SaaS enterprise listed in China. On 3rd June 2022, Green Link Digital Bank (GLDB), founded by a consortium comprising Linklogis and Greenland Group, commenced banking business as one of the first Digital Wholesale Banks with official approval from the Monetary Authority of Singapore (MAS).Eager to bring cutting-edge financial technology and experience in serving SMEs to Singapore, Mr. Raymond Yeo, Director and Head of Business Development of Linklogis Singapore, said, "This is an exciting opportunity for Linklogis to introduce itself to the local SME market. We hope to showcase our dynamic tech-focused platform to the suppliers within SESAMi's eco-system and provide a seamless user experience across all stages of the financing process."OCBC BankOCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.Mr Eric Ong, Senior Vice President, Global Commercial Banking, for OCBC remarked, "The trade data made available from SESAMi allows the bank to leverage on an alternative source of data for credit assessment. By using this data, SME customers no longer need to go through an onerous loan application process and are able to obtain funds much faster."About SESAMi (www.sesami.com)SESAMi was founded in 1999 by a consortium of large corporates to develop e-sourcing and e-procurement services. Over the years, the company has consolidated its position in the e-procurement sector in Singapore, while expanding into other services like demand aggregation and e-financing. In 2018, SESAMi further expanded its technological capabilities by acquiring Capital Match, a leading lending platform in Singapore focusing on trade finance. Today, SESAMi processes around S$6bn of e-purchase orders and S$2bn of e-invoices annually on its platform with over $225M worth of origination via its e-financing program.For media enquiries, please contact: Donny OngEmail: donny.ong@sesami.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

5 7 月, 2022

ASEAN’s most influential fintech event – WFIS, now ready to disrupt Philippines’ FSI market

MANILA, Jul 5, 2022 - (ACN Newswire via SEAPRWire.com) - The launch of 'Digital Payments Transformation Roadmap 2020-2023' by the Central bank of the Philippines (BSP) has been driving major fintech investments in the country. To give an estimate, the first half of 2021 witnessed a total funding of $342 million garnered by the country's fintech firms, more than double of what was raised throughout 2020.To provide a common networking and intelligence sharing platform to Philippines' burgeoning FSI community, Tradepass is hosting World Financial Innovation Series (WFIS) for the first time in the Philippines at Sofitel Philippine Plaza in Manila on 16-17 August 2022. The event will attract 600+ technology and business heads from the leading Banks, Insurance & Micro-Finance institutions across the Philippines.In a statement issued, following her participation announcement as a speaker, Dr. Adrienne Heinrich (Vice President & Head of AI Center of Excellence, Union Bank of the Philippines) explained the pivotal nature of AI in her organisation, "AI is a major driver of the Aboitiz Group's Great Transformation into being the Philippines' first techglomerate. At Union Bank of the Philippines, an Aboitiz-led universal bank, we leverage technologies like AI to deliver innovative models and solutions allowing us to provide tailor-fit recommendations on products and services that truly address our customers' needs. AI also enables us to unlock new potential and opportunities across industries in the Group including banking and financial services, power, manufacturing, and beyond."WFIS 2022 - Philippines, will host the top 30+ thought leaders and experts from the industry who will shed light on the most pressing FSI topics focused on the latest tech innovations. The two-day event will also feature live showcase of the best FSI solutions from the leading organizations and a lot more.One of the confirmed speakers, Lito Villanueva (Executive Vice President and Chief Innovation & Inclusion Officer, Rizal Commercial Banking Corporation) while taking about the event expressed, "The bridge between the now and the future can only be built by disrupting the current conversation on technology and finance. These conversations spark limitless collaboration between leaders and trailblazers that create boundless innovation. The event is an opportunity to create not only innovation and disruption, but 'disrup-innovation'."Roy Joseph Roberto (Assistant Vice President (AVP) for Digital Transformation, Citibank Philippines) while appreciating the WFIS platform to address crucial CX challenges mentioned, "CX has now become the key differentiator while choosing a financial service platform. Realizing its inseparable nature with data science and AI, the financial services industry is gearing up with bigger investments in AI-enabled solutions. In that regard, World Financial Innovation Series serves as an ideal avenue for business and tech leaders to address the most pressing CX challenges and share how disruptive tech like AI can help bridge these gaps and transform DCX as we know it."Organizer and CEO of Tradepass, Sudhir Jena, expressed, "With the Philippines witnessing record high investments in fintech and the Filipinos becoming more and more savvy with digitization, WFIS 2022 - Philippines will be the perfect opportunity for the fintech providers to collaborate with the traditional financial institutions and other seeking organizations that want to incorporate fintech into their core infrastructure."Some of the confirmed speakers from the event include: DR. ADRIENNE HEINRICH, Vice President and Head of AI Center of Excellence, Union Bank of the Philippines; DHARMESH PATEL, Chief Data and Analytics Officer, East West Bank; LITO VILLANUEVA, EVP and Chief Innovation & Inclusion Officer, Rizal Commercial Banking Corporation; RONALDO BATISAN, Vice President - Customer Experience, Union Bank of the Philippines; ARIVUVEL RAMU, Group Chief Technology Officer, Tonik (Digital Bank); CARLOS TENGKIAT, Chief Information Security Officer, Rizal Commercial Banking Corporation and many others.About Tradepass:Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers. As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.For more information about the event, log on to:https://philippines.worldfis.com/Media contact:Riya JPR & Communication Lead, Tradepassriyaj@tradepassglobal.com+(91) 80 6166 4401Mohammed RaiyanTradepass Global+91 79964 11687 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

27 6 月, 2022

Dah Sing Bank and Friends of the Earth (HK) Jointly Present Property and Construction Industry ESG Forum for SMEs

HONG KONG, Jun 27, 2022 - (ACN Newswire via SEAPRWire.com) - The first industry forum ("the Forum") under the "SME ESG Best Practices Recognition Programme" ("the Programme") took place today under the joint auspices of Dah Sing Bank, Limited ("Dah Sing Bank") and Friends of the Earth (HK) ("FoE HK"). Held in the theme of "ESG Practices in Property Development Supply Chain - Opportunities and Challenges for SMEs", the Forum featured listed company senior executives and leaders in the property and construction sector to share their insights on the impact environmental, social and governance (ESG) trends have on the outlook and operating models related to their industries.Dah Sing Bank and Friends of the Earth (HK) Jointly Present: The SME ESG Best Practices Recognition Programme"ESG Practices in Property Development Supply Chain - Opportunities and Challenges to SMEs" Guest ListMs. Mei Ng, BBS, Chairperson, Friends of the Earth (HK) delivering speechMs. Phoebe Wong, Deputy Chief Executive, Senior Executive Director, Group Head of Personal Banking, Dah Sing Bank delivering speechMs. Phoebe Wong, Deputy Chief Executive, Senior Executive Director, Group Head of Personal Banking, Dah Sing Bank (Right) Ms. Mei Ng, BBS, Chairperson, Friends of the Earth (HK) (Left)The Forum - Topic 1The Forum - Topic 2Addressing the Forum, Mrs Mei Ng, BBS, Chairperson of FoE HK, said, "SMEs are closely intertwined in every aspect of our daily lives. Notwithstanding their contribution to our society, economy and livelihoods, they also impact on our ecological environment, social development and daily production in a big way. FoE HK believes there is a critical and urgent need to help local SMEs transform, upgrade, strengthen and enhance their competitiveness as well as their ESG accountability. ESG can help SMEs come to grips with matters concerning their survival, risks, transformation, potential and opportunities, helping them to achieve profitability without polluting the world, run their business worry-free while winning word of mouth, customers and investors, and a bright future."ESG implementation may become one of the ways for SMEs to overcome adversity in a down market. The convergence of external economic pressures and the pandemic is presenting unprecedented challenges for SMEs. With the rise of a green economy, corporations are becoming more demanding in their partnership and supply chain governance standards and requirements. For listed companies, ESG implementation is not just to meet regulatory requirements, but also to help enhance the sustainability of their supply chains. As such, SMEs stand to gain from reviewing their existing operating models for alignment with global sustainable development strategies. The integration of an ESG mindset into their business operations and decisions will enable their products, services and brand image to stand out, thereby helping them enhance their competitiveness and resilience.Through the sharing of insights from industry leaders, the two-part Forum seeks to help SMEs understand the latest ESG trends and the opportunities that may arise through ESG implementation, thereby encourage them to develop sustainable business strategies. Moderated by Ms. Athena Ng, General Manager, Corporate Finance and Corporate Communications of China Overseas Land and Investment & Board Governor and Honorary Treasurer of Friends of the Earth (HK), the first part of the Forum focused on the relevance of ESG to the real estate development supply chain and how to seek win-win with SMEs through collaboration in ESG implementation. The second part of the Forum explored the directions and approaches of ESG implementation; moderated by Ms. Ophelia Lin, Founding President of SME Sustainability Society & Board Governor of Friends of the Earth (HK), the guest speakers suggested ways for SMEs to embark on their ESG journey to enhance the competitiveness of their businesses.The team of professionals behind the Programme can be described as "ESG doctors" for enterprise development. Consultancies offering such services are a commonplace practice in the market and typically command fees of more than HKD100,000. SMEs taking part in the Programme will have free access to similar support, so that they may be able to identify areas for improvement in their businesses as early as possible and to plan ahead.Ms. Phoebe Wong, Deputy Chief Executive, Senior Executive Director, Group Head of Personal Banking of Dah Sing Bank, said, "SMEs typically lack ESG-related knowledge and resources. Dah Sing Bank is sponsoring FoE HK to launch this Programme so that more SMEs will become aware of the most pressing ESG issues that concern them, and enable them to identify improvement areas through the Programme's free assessment and ESG guidelines. Last year, the Hong Kong Government announced its target to achieve carbon neutrality by 2050. As buildings are the main source of carbon emissions in the city, it is pertinent to feature the property and construction sector in the first forum under the Programme. This will create awareness of the urgency for the sector's SMEs to transition to a low-carbon operating model, and will bring new ideas and opportunities to inspire them to embark on adopting sustainable business practices."The Programme is the first of its kind that takes on an industry-specific approach to lobby and recognise ESG best practices adoption by SMEs and to promote sustainable development in industries. Using the United Nations Sustainable Development Goals as framework, it evaluates the sustainable development strategies and policies of SMEs and their ability to manage and drive sustainable development performance. SMEs that attain a certain level of improvement within a specific period will be commended for their commitment and contribution. The free-to-join Programme is sponsored by Dah Sing Bank. Additionally, Dah Sing Bank is offering further incentives to all the SMEs participating in the Programme and / or receiving recognition in the form of fee discounts and cash rebates, while recognised participants will also receive an exclusive HKD1,000 cash reward. SMEs in the property and construction industries can enroll in the Programme starting today (27 June) until 31 August 2022. Please refer to the attached fact sheet for details.This year marks the 75th anniversary of Dah Sing Bank. A series of celebratory activities will be launched from June onwards to reach out to the community, SMEs and customers as well as to promote green lifestyles. Through these activities, the Bank hopes to thank and share its joy with the public and its customers, express its advocacy for sustainable lifestyles, and bring vitality to Hong Kong's communities and economy. For details, please visit the Bank's 75th anniversary webpage on http://www.dahsing.com/75Anniv/en.About Dah Sing BankDah Sing Bank, Limited ("Dah Sing Bank") is a wholly-owned subsidiary of Dah Sing Banking Group Limited (HKG:2356) which is listed on the Hong Kong Stock Exchange. Founded in Hong Kong 75 years ago, Dah Sing Bank has been providing quality banking products and services to our customers with a vision to be "The Local Bank with a Personal Touch". Over the years, Dah Sing Bank has been rigorous in delivering on our brand promise to grow with our customers in Hong Kong, the Greater Bay Area and beyond - "Together We Progress and Prosper". Building on our experience and solid foundation in the industry, Dah Sing Bank's scope of professional services now spans retail banking, private banking, business and commercial banking. Meanwhile, Dah Sing Bank is also making significant investments in our digital banking capabilities to stay abreast with smart banking developments in Hong Kong and to support financial inclusion at large.In addition to its Hong Kong banking operations, Dah Sing Bank also has wholly-owned subsidiaries including Dah Sing Bank (China) Limited, Banco Comercial de Macau, S.A., and OK Finance Limited. It is also a strategic shareholder of Bank of Chongqing with a shareholding of about 13%. Dah Sing Bank and its subsidiaries now have around 70 operating locations in Hong Kong, Macau and Mainland China.About Friends of the Earth (HK)Friends of the Earth (HK), as a leading environmental advocate, focuses on protecting our local and regional environment, offers equitable solutions to help create environmentally sustainable public policies, business practices and community lifestyles and engages government, business and community to act responsibly. Friends of the Earth (HK) is dedicated to promote green finance and cultivate ESG talents to transition HK and Asia Pacific region into a carbon neutral economy. Friends of the Earth (HK) closely partners with SME associations in Hong Kong (with coverage >3,000 companies), as well as international associations (e.g., World Benchmarking Alliance), with strong access to ESG & green finance talents professionals in Hong Kong, through our CESGA alumni network. Friends of the Earth (HK) launched the first Green Finance Roadmap of its kind in the APAC region in 2019. One of our key focus would be on building capacity for industry practitioners and general public towards green finance, and hence our events are centered around "Green Finance Connect Education Series". Examples include Sustainability Leadership Seminars, our Green Finance Symposium on ESG integration. We aim to work with all sectors of the community to build a sustainable society and environment.Media EnquiriesDah Sing Bank, LimitedGigi Lee +852 2507 8629 gigiwclee@dahsing.com Friends of the Earth (HK)Tiffany Yip +852 3184 1510 tiffanyyip@foe.org.hk Strategic Financial Relations LimitedMargaret Lam +852 2114 4956 margaret.lam@sprg.com.hkPinky Hui +852 2114 2897 pinky.hui@sprg.com.hkCynthia Ng +852 2114 4952 cynthia.ng@sprg.com.hk Programme websitehttps://bit.ly/3HJDgPj Dah Sing Bank offers exclusive Programme Incentiveshttps://bit.ly/3OncS0l Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

22 6 月, 2022

G20 committed to financing better pandemic response

JAKARTA, Jun 22, 2022 - (ACN Newswire via SEAPRWire.com) - The G20 members and several relevant international organizations agreed to work together to create the Financial Intermediary Fund (FIF) to help countries in need to face any pandemic in the future.Indonesian Health Minister Budi Gunadi Sadikin (L) and Indonesian Finance Minister Sri Mulyani (R) at the first G20 Joint Finance and Health Ministerial Meeting held in Yogyakarta, 21 June. (ANTARA/AstridFaidlatulHabibah)During the 1st G20 Joint Finance and Health Ministerial Meeting held in Yogyakarta on Tuesday, Indonesian Finance Minister Sri Mulyani emphasized the urgency for collaborative work between health and finance sectors to better prepared for future pandemics, considering that the COVID-19 would not be the last."The world is definitely watching us - how the G20 is going to respond with delivering concrete action in pandemic preparedness and response. The world is waiting for us," Mulyani remarked.Furthermore, she also asserted the importance of inclusivity in the work of FIF, led together by the World Health Organization (WHO) and the World Bank, which required the involvement of both developed and developing countries."Only then, we can be effective in preparing to tackle the next global pandemic together," Mulyani stated."I would like to acknowledge the central role of the WHO in fighting pandemic and the importance of including the voice of developing countries in our institutional arrangement to create the most effective system for pandemic preparedness and response," she added.The WHO and the World Bank estimated that US$31 billion is required annually for strengthening global health security, according to WHO Director General Tedros Adhanom Ghebreyesus.About two-third of that fund could come from existing resources but that leaves a gap of US$10 billion per year. Hence, he expects that the FIF would help close that gap.WHO and the World Bank have been cooperating to establish the FIF, which would be overseen by a board that takes a decision on funding allocation supported by a technical advisory panel.Both the board and the technical advisory panel would be supported by the joint WHO-WB secretariat based at the Bank's headquarters in Washington, with assisting staff from the WHO.According to the plan, the Bank will provide financial and administrative leadership at the secretariat, operate as a representative for the FIF, hold and transfer relief funds, as well as provide administrative services.Meanwhile, the WHO will provide technical leadership; coordinate input for the technical advisory panel; and prepare relevant technical documentation, recommendations, and reports for the council.Both the World Bank and WHO will act as implementing entities, along with other global health partners with relevant expertise, including the Global Fund, the Global Alliance for Vaccines and Immunization (GAVI), and the Coalition for Epidemic Preparedness Innovations (CEPI)."We look forward to your active participation in building and financing a FIF that is inclusive, equitable, and effective in making our world safer from pandemics," Tedros noted.To date, the G20 has pushed for an emergency fundraising commitment of around US$1.1 billion from five member countries and one international social organization to mobilize the role of FIF.The pledges came from the United States, the European Union, Germany, Indonesia, Singapore, and the Wellcome Trust.Additionally, Indonesian Health Minister Budi Gunadi Sadikin stated the meeting was not only focusing on the FIF as the source of funds to face future pandemics, but the world must also think about the uses of funds."Because money is (only) half the solution for the health crisis. We need to translate this money into access to vaccines, medicines, and diagnostic tools," he said at a press conference after the joint ministerial meeting.In order to create such access, he explained, the engagement with private sectors as the producers of vaccines, therapeutics, and diagnostics was crucial."We need to talk to them, to engage with them. How can they maintain a certain volume commitment? How then we will be able to distribute equally and very quickly if the next pandemic happens?" he noted.The establishment of FIF is still in the ongoing discussion that will be continued at the next G20 meetings, hosted this year by Indonesia.However, as the G20 President, Indonesia will continue to gather as much as possible support from more countries as well as an international organization even philanthropists, in order for them to be able to contribute to the financing side of pandemic preparedness and response.Written by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

22 4 月, 2022

G20 urges World Bank to prepare FIF Establishment: Indrawati

Washington, Apr 21, 2022 - (ACN Newswire via SEAPRWire.com) - G20 members have urged the World Bank to immediately prepare for the establishment of the Financial Intermediary Fund (FIF), Finance Minister Sri Mulyani Indrawati stated. FIF should be formed immediately in the framework of pandemic preparedness and response (PPR) in the future, the minister emphasized.Indonesian Finance Minister Sri Mulyani Indrawati met with World Bank Group President David Malpass at the G20's second meeting of the FMCBG in Washington D.C on Wednesday (April 20, 2022). Minister Indrawati and President Malpass discussed structural reforms and other steps toward a sustainable post-pandemic recovery."The (G20) presidency concluded that the World Bank should start exploring the process for developing and establishing FIF," Indrawati remarked at the second meeting of the G20 Finance Ministers and Central Banks Governors (FMCBG) press conference here on Thursday.G20 members view FIF as being the most effective choice for new financial mechanisms, especially in preparing for other potential pandemics in future. Indrawati believes this is because the establishment of FIF is viewed as being able to overcome the financing gap in the health sector as had occurred during the current COVID-19 pandemic."Most (G20) members agree on the need for a new financial mechanism dedicated to addressing the financing gap in PPR," she stated, explaining that G20 members hope that the establishment of FIF would mitigate the health financing needs in line with the World Health Organization's (WHO's) expectations. Moreover, G20 members called on the World Bank to explore discussions on the governance and operational regulations of FIF by involving the WHO. "There is widespread support for WHO and the World Bank regarding the assessment of significant financing gaps that need to be addressed," Indrawati remarked.Earlier, on April 1, the Indonesian finance and health ministries resumed the third G20 Joint Finance and Health Task Force (JFHTF). At the meeting, JFHTF co-chair Wempi Saputra invited G20 member countries to draw up a financing action plan for pandemic preparedness and response (PPR)."The third JFHTF meeting is an important step for all member countries in drafting the financing strategies for prevention, preparedness, and response to the pandemic or PPR," Saputra stated.Meanwhile, one of the main agendas of Indonesia's G20 Presidency is global health architecture.Written by Astrid H, Kenzu T, Editor: Suharto (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

20 4 月, 2022

Caely Holdings Bhd Working to Unfreeze Bank Accounts

KUALA LUMPUR, Apr 20, 2022 - (ACN Newswire via SEAPRWire.com) - Caely Holdings Bhd, a leading domestic producer of women's intimate apparel, takes note of the order to freeze all the Group's bank accounts and wishes to reassure all stakeholders that measures are being explored to ensure business continuity and sustainability.Caely Executive Director and Chief Executive Officer Mr. Lim Chee PangCaely Executive Director and Chief Executive Officer Mr. Lim Chee Pang said, "The unfreezing or partial unfreezing of the bank accounts are our top priority. We are exploring all avenues to resolve this issue, as we need to ensure that business operations can sustain.""We are answerable to our shareholders for how the business is run. The Board of Directors is monitoring the situation closely too and is working with the management on the unfreezing of the bank accounts.""We can confirm that we are in contact with the authorities and will extend whatever cooperation or assistance is needed for the matter to be resolved," Lim said.The management is at this juncture still assessing the impact from the order to freeze the bank accounts. "We are working on the next steps, which also include measures to ensure that daily operations are not disrupted. The livelihoods of Caely employees as well as our suppliers and vendors are at stake," Lim said.The Group also understands the concerns of stakeholders and is working as speedily as it can to resolve any issue arising from the freezing of the bank accounts and will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments.Caely Holdings Bhd: http://www.caelyholdings.com/Caely Holdings Bhd: 7154 / [BURSA: CAELY] [RIC: CAEY:KL] [BBG: CHB:MK] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

17 3 月, 2022

JCB announces the launch of Danamon JCB Precious Credit Card

JAKARTA, Mar 17, 2022 - (ACN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and PT Bank Danamon Indonesia Tbk (Danamon) are pleased to announce the launch of the Danamon JCB Precious Credit Card.Danamon JCB Precious Credit Card"Danamon understands that everybody, especially the emerging affluent and affluent segment, who is the target market for the Danamon JCB Precious Credit Card, appreciates their freedom and responsibility. By collaborating with JCB, Danamon wants to optimize customer spending through various benefits that match each individual's unique inspiration to break free from their daily routines. This is in line with Danamon's commitment to become a financial enabler and catalyst to help customers control their finances," said Yasushi Itagaki, President Director of PT Bank Danamon Indonesia Tbk."I am delighted to launch the Danamon JCB Precious Credit Card with Bank Danamon which is one of the biggest commercial banks in Indonesia. The cardholders can enjoy not only daily use of their card inside Indonesia but also across the world by using JCB merchant network. After the pandemic, we hope our cardholders can enjoy traveling around the world with the Danamon JCB Precious Credit Card," said Takumi Takahashi, President Director of PT JCB International Indonesia.The Danamon JCB Precious Credit Card holders will immediately get a Haagen-Dazs bonus voucher worth Rp. 50,000 and holiday vouchers of up to Rp. 3,500,000 which can be used for flight tickets or staycations with shopping starting from Rp. 10,000,000 by using the Danamon JCB Precious Credit Card in the first 2 (two) months after the card is approved.Also, the Danamon JCB Precious Credit Card holders can access JCB acceptance network with about 37 million merchants globally and enjoy special offers at selected merchants and customer services at JCB Plaza around the world.About Bank DanamonPT Bank Danamon Indonesia Tbk (IDX Code: BDMN) which was established in 1956, as of March 31, 2021, manages total consolidated assets of Rp 193 trillion with its subsidiary, namely PT Adira Dinamika Multi Finance Tbk. (Adira Finance). In terms of share ownership, 92.47% of Danamon's shares are owned by MUFG Bank, Ltd. and 7.53% owned by the public. Danamon is supported by a network of 846 conventional branch offices, Sharia units and subsidiary branch offices as well as more than 60,000 Danamon ATM networks, ATM Bersama, PRIMA and ALTO spread across 33 provinces. In addition to the physical network, Danamon services can also be accessed through Danamon Online Banking, mobile banking through the D-Bank and D-Card applications, SMS Banking, and phone banking services through Hello Danamon.With a variety of financial products and services, Danamon is ready to serve the needs of customers from various segments including Consumer, Small and Medium Enterprises (SME), Wholesale (Corporate and Commercial), and Sharia banking as well as automotive financing through Adira Finance. In July 2020, Danamon also launched the Danamon Optimal segmentation to assist the upwardly mobile segment in managing finances. Danamon Optimal consists of products and services according to the needs of these individuals, from savings, loans to insurance equipped with all-digital services for ease of transactions. Danamon Optimal is expected to help customers belonging to this segment to be able to control their finances easily and wisely.As part of MUFG, a global financial group as well as Japan's largest bank and one of the world's leading financial institutions, Danamon will be able to access MUFG's strengths, expertise and network to serve our customers and facilitate Danamon's growth in realizing long-term value for all stakeholders. Danamon received an award as ranked first in the SLE Index 2021 for the BUKU IV Bank category from the 2021 Satisfaction Loyalty Engagement Awards event organized by Marketing Research Indonesia and Infobank. Danamon also won first place at the 9th Infobank Digital Brand Awards 2020 in the category of Conventional Commercial Banks with Core Capital of IDR 30 trillion and above (BUKU IV) with assets below IDR 500 trillion. Internationally, Danamon was also the Best Digital Bank Indonesia at the Asiamoney Best Bank Awards 2020. Danamon also received the Asia Traiblazer 2020 Award from Retail Banking International (RBI) with the title Highly Commended in the Best Digital Banking Initiative category. In addition, Danamon received the 2020 DX Gamechanger Award from IDC for the company's digital transformation.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 37 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

10 3 月, 2022

Bank AlJazira and JCB agree to enable JCB acceptance in the Kingdom of Saudi Arabia

Kingdom of Saudi Arabia & Tokyo, Mar 10, 2022 - (JCN Newswire via SEAPRWire.com) - Bank AlJazira has partnered with JCB International Co., Ltd. to launch JCB acceptance through its POS and ATM network devices deployed in the Kingdom of Saudi Arabia (KSA). A partnership that complements the role played by Saudi Payments role to enhance the payments landscape in the kingdom through the enablement of international payment schemes to operate in KSA market.JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and accepted at about 37 million locations globally. This partnership will enable Bank AlJazira to accept JCB Cards across their network of POS terminals and ATM terminals deployed throughout the Kingdom and also provide greater convenience for JCB's growing cardholders in Islamic markets.Both sides are delighted to reach this agreement, which would add new channels of acceptance for the JCB branded cards in the Saudi market, and will enable visitors to the Kingdom from various countries to use their JCB Cards through the POS and ATM network of Bank AlJazira in stores and outlets across the Kingdom.Yuichiro Kadowaki, Director and CEO of JCB Middle East LLC, said, "Bank AlJazira is one of the leading banks in the Kingdom. I am delighted to expand our acceptance network of JCB Cards through the partnership with Bank AlJazira. This will help expand our business further in the Kingdom. We look forward to this exciting opportunity as it is in line with the Kingdom's enhanced Vision 2030 strategy and the ever-increasing close ties between Saudi Arabia and Japan." Naif AlAbdulkareem CEO of Bank AlJazira, said, "JCB is a global payments brand that will add great value in increasing the payments acceptance in the Kingdom of Saudi Arabia. In line with Saudi Central Bank strategy and Saudi Payments initiative to achieve 2030 vision, we are pleased to announce our partnership agreement with JCB which will enhance and enrich our business and satisfy the cardholders and merchants by providing our best payments solutions."Abdulaziz Alafaleg, Managing Director of Saudi Payments, said, "Enabling JCB in the Saudi market is a remarkable milestone driven by the strategy of the Saudi Central Bank and helping the achievement of Vision 2030 goals. As part of our engagement to introduce advanced payment services and features across the Kingdom of Saudi Arabia and continuous efforts to enhance the ecosystem's competitiveness, the enablement of globally renowned international payment schemes such as JCB to operate in KSA emerges as an important driver to help us reach our endeavors to offer multiple options for the kingdom's residents and visitors."About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 37 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/About Bank AlJaziraBank AlJazira is recognized as one of the leading Shariah compliant fast growing financial institutions in Saudi Arabia, customer-driven and service-oriented Saudi Financial Group which provides individuals, businesses and institutions with innovative Shariah compliant financial services through professional and dedicated staff.Our products and services are designed to meet the end-to-end needs of all customers from account opening to time deposits, debit and credit cards to personal finance in addition to a wide range of mortgage finance products. Furthermore, our award winning Electronic Banking services are among the best since its launching in the Saudi Market including AlJazira Online, AlJazira SMART, AlJazira Phone, and Shariah compliant credit card offerings.About Saudi PaymentsSaudi Payments is the national foundation of digital payments and the developer and operator of the national payment infrastructure in the Kingdom of Saudi Arabia with the aim to accelerate the transition to a society less dependent on cash, in line with the Saudi Central Bank's strategy and the aspirations of the Financial Sector Development Program (FSDP) towards achieving the goals of Saudi Vision 2030. The entity operates under the supervision of the Saudi Central Bank (SAMA), offering secure and interoperable digital payment solutions.ContactsJCB Co., Ltd.Ayaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jpBank AlJazira Ahmed K. AlHassanAcquiring and Digital PaymentsMobile: +966505618141Email: aalhassan@baj.com.sa Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

6 1 月, 2022

The Era of Accelerated Digital Innovation Among Enterprises in Southeast Asia – AIBP ASEAN Enterprise Innovation Award Winners Announced

Singapore, Jan 6, 2022 - (ACN Newswire via SEAPRWire.com) - Ten enterprises have emerged as the winners of the 2021 AIBP ASEAN Enterprise Innovation Award. The 5th annual edition of the Award saw over 130 nominations from Indonesia, Malaysia, Philippines, Thailand & Vietnam, narrowed down to 27 finalists and 10 final winners.Winners of the Award are as follows:- Ayala Land Inc.- Bangchak Corporation- Bangkok Bank Public Company Limited- Bank Mandiri- Carsem M Sdn Bhd- Mavin Group- Manila Electric Company (Meralco)- PT Transportasi Jakarta- Sarawak Energy- Tien Phong Commercial Joint Stock Bank (TPBank)Commenting on innovation initiatives observed among ASEAN enterprises this year, Irza Suprapto, CEO of Industry Platform said, "We've seen ASEAN grow as a region in the past decade, and over the past two years, businesses have had to grapple with uncertertaines around the pandemic. Amidst these challenges, attitudes towards digitalisation and innovation have shifted as they take centre stage in driving growth and development for enterprises in ASEAN, one of the fastest evolving digital economies in the world."Among the winning enterprises, highlights from the innovation and digitalisation initiatives in 2021 include implementation of new, cutting-edge technologies and the creation of new business value. Enhancing Processes with Advanced TechnologyKey technologies highlighted by the enterprise winners across different industries include the application of blockchain, artificial intelligence (AI) and machine learning (ML). At Bangkok Bank, enterprise blockchain digitised the entire trade finance process, revolutionising international trade transactions. In the electric utility sector, Sarawak Energy Berhad is exploring blockchain technology to be applied in the wholesale energy market. 83% of ASEAN enterprises consider their organisations data-driven, with some going beyond to extract more value from data by incorporating AI and ML. Bank Mandiri is a pioneer in Indonesia employing AI and ML to analyse patterns in their ecosystem data for insights to provide personalised financial services. Transjakarta is also exploring the use of technology such as AI, IoT with new data structures that support streaming analytics to optimise bus dispatching services and meet passenger demand.Low-code platforms were key enablers of several of the winning innovation projects for enterprises like Ayala Land and Bangchak Corporation to ensure configurability and scalability of application development.Unlocking New Business Value through Innovation and DigitalisationIn the banking and financial services sector, Bangkok Bank and Bank Mandiri seek to maximise customer value with digitalisation. Bangkok Bank is exploring commercialisation of the Distributed Ledger Technology for trade services. Bank Mandiri's Integrated Value Chain Ecosystem enables understanding of interactions across the wholesale banking ecosystem.With the launch of their mobile application, Transjakarta seeks to expand their service offerings by scaling the platform into a larger digital ecosystem integrating e-commerce, loyalty programmes, financial services, etc. Bangchak Corporation has also expanded its business to green energy, oil trading and natural resources among others.As we enter 2022 with improved business processes and renewed optimism, ASEAN's enterprise digital transformation and innovation journey will continue to scale greater heights as resilience and sustainability become cornerstones of businesses.For any queries, please contact Vanessa Kwan, Program Lead, email: vanessa@industry-platform.com.About AIBP ASEAN Enterprise Innovation AwardThe Enterprise Innovation Award was established in 2017 by AIBP with the key objective of giving recognition to organisations which have embarked on projects to digitally transform their business through the adoption of innovative technology. The awards are held annually in the following ASEAN countries: Indonesia, Malaysia, Philippines, Thailand and Vietnam. For additional information on the Award, please visit https://iotbusiness-platform.com/award/. About AIBPAIBP serves as an avenue for public and private organisations in Southeast Asia to access and exchange information about growth and innovation within the B2B space. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations. For additional information about AIBP, please visit https://iotbusiness-platform.com/. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

16 12 月, 2021

Aurelius Technologies Berhad Debuts on Main Market

KUALA LUMPUR, Dec 16, 2021 - (ACN Newswire via SEAPRWire.com) - Aurelius Technologies Berhad ("ATech" or the "Company"), a provider of electronics manufacturing services ("EMS") for industrial electronic products, was successfully listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") at RM1.41 per share, or RM0.05 above the offer price of RM1.36 per share.Thanking the Securities Commission, Bursa Securities, Maybank Investment Bank Berhad and other professionals for their guidance and advice on the initial public offering ("IPO") exercise, Chairman of ATech Datin Normaliza binti Kairon ("Datin Normaliza") said, "I would also like to express my heartfelt gratitude to the investors who have trusted us and have confidence in our business as a leading provider of electronic manufacturing services in Malaysia for manufacturing of industrial electronics products since day one. We are gratified by the response of investors to our listing and we are very pleased with our debut on the Main Market today"."We believe this listing will give us the visibility that we need to leverage the expansion of the business, to retain and attract more customers from across Asia Pacific, the Americas and Europe. We see this listing also giving us the opportunity to realise our future plans and strategies, including expansion and upgrading of our production facilities".The Company is raising RM104.73 million from the IPO exercise. From the proceeds, RM40.0 million would be used for the purchase of new machinery and equipment, RM29.52 million for the repayment of borrowings, RM28.13 million for working capital and RM7.09 million for the listing expenses.Datin Normaliza pledged that ATech will continue creating value through focusing on environmental, social and governance ("ESG") matters. "Besides technology adoption, we also want to create value through focusing on ESG by having sustainable practices. We have since 2004 have had our environmental management system ISO-certified and we endeavour to become the top electronics manufacturing services provider with green credentials".ATech offers a comprehensive range of EMS to multinational corporations across 11 countries covering Asia Pacific, Americas and Europe. These services include engineering support services, prototyping, board assembly, mechanical assembly, testing and labelling for communications and Internet of Things ("IoT"), electronic devices and semiconductor component products used by the transportation, power management, telecommunications and IoT industries.For the financial year ended 31 January 2021, communications and IoT products contributed 89.5% to the Company's revenue, with electronic devices contributing 9.4% and semiconductor components contributing less than 1%. The top three countries by revenue contribution for FYE19 to FYE21 were the USA, Malaysia and Singapore, which collectively accounted for 93.6%, 92.7%, and 89.3% of revenue.Maybank Investment Bank Berhad is the Principal Adviser, Sole Bookrunner and Sole Underwriter.Pictured (from left):- Mr. Loh Hock Chiang, Executive Director and Group Chief Financial Officer- Mr. Lee Chong Yeow, Executive Director and Group Chief Executive Officer- Datin Normaliza Binti Kairon, Chairperson and Independent Non-Executive Director- Dato' Fad'l Mohamed, Chief Executive Officer of Maybank Investment Bank Berhad (https://www.acnnewswire.com/topimg/Low_Aurelius20211216.jpg) Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

28 11 月, 2021

39 arrested for involvement in scams where losses amounted to $20 million

SINGAPORE - 35 men and four women, aged between 16 and 65, have been arrested for suspected involvement in job scams and phishing scams involving Singapore Bicentennial commemorative notes, the police said on Sunday (Nov 28). This was after an islandwide police operation from Nov 22 to 26 that saw a total of 113 individuals investigated for their involvement in over 900 jobs scams and fishing scams that led to more than $20 million in losses. Investigations against the other 74 individuals are ongoing. The police said that victims had allegedly sold their bank accounts or relinquished their Singpass credentials to criminal syndicates. They were promised as much as $5,000 for each bank account sold and/or $400 for each set of Singpass credentials sold. However, most of them did not receive the promised fees. Some were also found to have allegedly rented out their bank accounts to scammers or assisted them in carrying out bank transfers and withdrawals. "We would like to caution job seekers to be wary of job advertisements that promise the convenience of working from home and an unreasonably high salary for relatively easy job responsibilities," said the police. It added that in job scams, victims would chance upon job advertisements offering quick cash on social media platforms and chat applications. The job would require victims to order items from online platforms to improve its sales volume. They would then be made to pay for the items via funds transfer to various bank accounts. At the initial stage, victims would receive a payment on top of a well-paid commission. However, when the scam progressed to a point where victims had spent large sums on their orders, their job contact would become uncontactable. In phishing scams involving Singapore Bicentennial commemorative notes, victims would receive text messages from scammers informing them of their eligibility to receive free Singapore Bicentennial commemorative notes and would be directed to allegedly spoofed URL links. When victims clicked the link, they would be redirected to fraudulent websites resembling the homepage of a purported bank's internet banking website and would then be tricked into providing their internet banking credentials. The police said that victims had allegedly sold their bank accounts or relinquished their Singpass credentials to criminal syndicates. PHOTO: SINGAPORE POLICE FORCE Victims would only realise they had been scammed when they discovered unauthorised transfers of monies out of their bank accounts. "To avoid becoming involved in money laundering activities, members of the public should always reject request of using their personal bank accounts to receive and transfer money for others," said the police. More on this topic Related Story 296 people nabbed for alleged involvement in over 1,000 scams, victims lost over $6.4m The offence of cheating carries an imprisonment term of up to three years and a fine. Those who are found guilty of money laundering may be jailed up to 10 years and fined up to $500,000, or both. The offence of facilitating unauthorised access to computer material carries an imprisonment term not exceeding two years, a fine, or both for first-time offenders. Those who carry out an unlicensed business of providing payment service may be jailed up to three years and fined up to $125,000, or both. More on this topic Related Story S'pore and Malaysia police cripple two job scam syndicates that cheated over 390 of $5m

24 11 月, 2021

Don Agro International achieves 8.9 thousand tonnes growth in crops harvested, driven by land bank acquisitions and implementation of innovative technologies

SINGAPORE, Nov 24, 2021 - (ACN Newswire via SEAPRWire.com) - Don Agro International Limited (the "Company" or "Don Agro") and its subsidiaries (collectively the "Group"), one of the largest agricultural companies based in the Rostov region of Russia is pleased to announce that it has achieved a 8.9 thousand tonne growth in total crops harvested, with 72.3 thousand tonnes of winter wheat and 19.0 thousand tonnes of sunflower harvested till date.A key driving force which has enabled Don Agro to sustain this growth has been the expansion of the Group's totalled controlled land bank via new strategic acquisitions.Following its initial public offering in February 2020, the Group made its maiden post-listing acquisition at the end of 2020 of Volgo-Agro LLC, an agricultural company based in the Volgograd region of Russia operating a controlled land bank of approximately 10,040 hectares. Subsequently in July 2021, the Group acquired a neighbouring agribusiness, Rav Agro Rost LLC ("Rav Agro Rost"), located in the Millerovo District, Rostov Region of Russia. With an arable land bank of approximately 3,200 hectares, Rav Agro Rost alone contributed up to 3.1 thousand tonnes of winter wheat and 1.54 thousand tonnes of sunflower."While we are pleased with the robust harvest results achieved this year, we continue to look ahead to new horizons to capture growth. For us, the acquisition of new land banks is a strategic task, and is one that we have committed to our investors since listing in early 2020. At the moment, we operate a controlled land bank of approximately 67.3 thousand hectares, of which 17.2 thousand hectares are owned by the company, and we do not plan to stop there. Moving forward, we will continue to explore new acquisition prospects actively to raise our production capacity progressively, with the objective of achieving long-term sustainable growth," commented Mr. Marat Devlet-Kildeyev, Chief Executive Officer of Don Agro International.Mr. Devlet-Kildeyev also added that the Group is applying a variety of innovative technologies to raise crops yields and productivity for Don Agro.Since 2020, the Group has been working closely with Russian-based autonomous driving software developer Cognitive Pilot to implement the Cognitive Agro Pilot(TM), an AI-powered autonomous driving system for agricultural machinery. Deployed on the Group's crop harvesters, the Cognitive Agro Pilot(TM) system guides the harvester headers along the edge of unharvested crops with precision, maximising the width of the headers while optimising harvester movements. This reduces fuel consumption to make the harvesting process more environmentally-friendly. The technology also allows harvester operators to focus solely on managing machinery parameters, making work less tedious and safer in general.The Group also employs no-till farming technologies for up to 7.5 thousand hectares of its arable land bank at present. Compared to conventional farming methods which can erode soil quality and require more manual labour and fuel, no-till farming reduces the impact farming has on the soil, providing an eco-friendly and sustainable alternative which has the potential to enhance crop yields as well.More recently in September 2021, the Group announced its joint pilot project with Smart Polymorph Technologies to introduce the latest pharmaceutical innovations aimed at optimising crop production for the agricultural sector. As part of the pilot project, the Group earmarked experimental plots as a test bed for the application of a new growth bio-simulator which is expected to raise the Group's crop yields and minimise production costs once it is ready to be deployed at scale.About Don Agro International LimitedDon Agro is one of the largest agricultural companies in the Rostov region in Russia principally engaged in the cultivation of agricultural crops and production of raw milk. The Group is also engaged in crop production in the Volgograd region in Russia. The Group has a total controlled land bank of 67,340 hectares, of which more than 54,420 hectares are arable land. The Group owns approximately 17,200 hectares of its controlled land bank.The Group's operations are principally located in the Rostov region, one of the most fertile regions of Russia, situated close to the Azov and Black Seas and the Don River which house major international ports. The Group's second operating division in the Volgograd region is located in close proximity to key trading routes including the Volga River. This allows the Group's customers, who are mainly traders and exporters, to save on transportation costs and, as a result, be able to offer higher prices for the Group's crops. Within the crop production segment, the Group is primarily engaged in the farming of commercial crops such as winter wheat, sunflower and corn.In addition, the Group is the largest milk producer in the Rostov region and owns more than 4,000 heads of dairy cattle which includes approximately 2,200 milking cows.Issued for and on behalf Don Agro by Financial PRFor more information please contact:Romil Singh, Jonathan Weetech@financialpr.com.sgTel: +65 6438 2990, Fax: +65 6438 0064Don Agro International Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "Exchange") on 14 February 2020. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").This press release has been reviewed by the Company's Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.The contact person for the Sponsor is Mr Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)