14 7 月, 2021

AmCham Hong Kong forms partnership with The Executive Centre

HONG KONG, Jul 14, 2021 - (ACN Newswire via SEAPRWire.com) - The Executive Centre ("TEC"), the leading premium flexible workspace provider serving more than 35,000 members in 32 cities across the world's fastest-growing economies of Asia-Pacific and the Middle East, has formed a strategic partnership with the American Chamber of Commerce in Hong Kong ("AmCham") to further support American and multinational corporations' (MNCs) presence in Hong Kong. After 25 years at its previous location, AmCham has taken a private office at TEC's Two Chinachem Central Centre before relocating permanently to its new headquarters next year. During the tenure, TEC will offer exclusive discounts on products and services to all AmCham Members.AmCham, one of the most influential international business organisations in Asia-Pacific, has partnered with TEC to facilitate networking between two elite communities of professionals from diversified industries. TEC and AmCham have co-hosted various high-calibre networking events in previous years, setting a solid foundation for the creation of an even more dynamic platform to build relationships, share information, and grow business."We are energized about our move to The Executive Centre. It is a strategic decision with our members being our top priority in creating not just an office space but an environment for community gathering, collaboration and a flexible working model. It is precisely community, collaboration and flexibility that defines our Chamber working goals in the new post-COVID normal," said Tara Joseph, President of the American Chamber of Commerce."We are thrilled to provide premium workspace solutions for AmCham, a long term partner of ours. Our two businesses share a common goal of furthering business growth in Hong Kong," said TEC's Regional Managing Director of Hong Kong, Macau and Taiwan, Nadia Zhu. "Despite the challenges brought by COVID-19, we continue to see strong demand coming from MNCs and domestic corporates in Hong Kong who are looking for premium Grade A office space, but want more flexibility at the current time as they try to manage costs."The majority of TEC's Hong Kong client base are MNCs with a high credit standing including US and Global blue-chip companies. About The Executive CentreThe Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 150+ centres in 32 cities and 14 markets. It is the third largest serviced office business in Asia with annual turnover in excess of US$237 million.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organization to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organizations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business' needs.For more information please visit www.executivecentre.comAbout The American Chamber of Commerce in Hong KongWith over 1,400 members, the American Chamber of Commerce in Hong Kong (AmCham) is one of the largest American Chambers outside the United States, the largest international chamber in Hong Kong, and one of the most dynamic and influential international business organizations in the Asia-Pacific region. AmCham's mission is to foster commerce among the United States, Hong Kong, and Mainland China; and to enhance Hong Kong's stature as an international business center. AmCham members are united in the belief that an economic system based upon free trade, open markets and private enterprise creates employment, prosperity and stability. The chamber subscribes to a set of universal business principles in support of our commitment to ethical and responsible business practices.For more information please visit https://www.amcham.org.hk Press EnquiriesFinsbury Glover HeringSheena Shah / Crystal ChowSheena.Shah@fgh.com / +852 3166 9855Crystal.Chow@fgh.com / +852 3166 9838 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

20 4 月, 2021

TEC named one of Asia’s fastest growing companies by the Financial Times

HONG KONG, Apr 20, 2021 - (ACN Newswire via SEAPRWire.com) - The Executive Centre (TEC), the leading premium flexible workspace provider across Asia Pacific and the Middle East, announced that it was ranked in the Financial Times Top 500 Asia-Pacific High-Growth Companies 2021."It is a great honour to be placed on the list and is a testament to our robust growth since our founding in 1994. In the last five years, we have doubled our footprint from 76 Centres to 150+ across Asia Pacific and the Middle East and our EBITDA has grown 43% from US$32.3 million in 2016 to US$46.1 million in 2019 across our key markets," said Paul Salnikow, TEC Founder and CEO. "We have witnessed steady demand throughout the last year as the pandemic has led companies to preserve costs and seek more flexibility from their partners. As the office remains as an essential space to foster creativity and collaboration, we believe that more companies will adopt a flex-and-core strategy to allow greater agility to expand in tandem with business growth."TEC, which was ranked 409th on the list, saw its revenue surge from US$140.74 million in 2016 to US$235.75 million in 2019, registering an absolute growth rate of 67.5% and a CAGR of 18.8%. The Financial Times and Nikkei Asia, in partnership with global data provider Statista, reviewed thousands of companies and ranked the top 500 companies headquartered in 13 countries in the Asia-Pacific region, which generated revenue of at least US$100,000 in 2016 and at least US$1 million in 2019. The enlisted firms were ranked by their compound annual growth rate (CAGR) in revenue between 2016 and 2019.- FT Asia-Pacific High-Growth Companies 2021: https://www.ft.com/high-growth-asia-pacific-ranking-2021About The Executive Centre The Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 150+ Centres in 32 cities and 14 markets.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business' needs.For more information please visit https://www.executivecentre.com/ Press EnquiriesFinsbury Glover HeringKitty LamKitty.Lam@fgh.com / +852 3166 9886 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

8 4 月, 2021

The Executive Centre launches the “What Is An Office” campaign

HONG KONG, Apr 8, 2021 - (ACN Newswire via SEAPRWire.com) - The pandemic has led to the greatest debate of all time - do people even need an office and if so, what do they want? Today, The Executive Centre (TEC), the leading premium flexible workspace provider across Asia Pacific and the Middle East, launches the "What Is An Office" campaign, which examines the elements that make up a dynamic, productive workspace.The campaign consists of a brand video, plus 4 product videos that examines how the workforce views the role of an office and asks the central question, "What Is An Office?" The short films explore how a positive working environment and agile working practices can help business operations, shedding light on the fundamental importance of a multi-purpose office to a company's success. "The break from office has pushed people to reconsider what they require to create a positive working environment. People are waking up to the fact that an office should be more than four walls around a desk. -- It is a space which fosters collaboration, communication and creativity," said Paul Salnikow, TEC Founder and CEO. "While human interaction proves to be crucial for work and life, people are also keen to enjoy variety in work options, the future of work is shifting from purely remote to a hybrid model. Flexibility is key in future workplace strategies because choice has become an invaluable asset; people want to choose to access workstations, meeting rooms and breakout areas when they need it, and corporations are realising that incorporating a flexible element can also positively impact their bottom line."TEC has found that the need for more flexible lease terms, robust technological infrastructure and internet connectivity for virtual get-togethers, as well as spacious event venues to host socially distanced conferences, and even on-demand passes to support their remote working teams has dramatically increased in the last year.A whitepaper report will also be released for free public download on the campaign website that looks into the history and future trends of office development, plus TEC's approach to office design strategy.What is an office? Your work, your space, your choice.Visit the campaign website here: https://www.whatisanoffice.executivecentre.com The videos can be viewed here: https://youtu.be/ykUYq-XGoOAAbout The Executive CentreThe Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 150+ Centres in 32 cities and 14 markets.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space -- they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business needs.For more information please visit www.executivecentre.com.Press Enquiries:Finsbury Glover HeringKitty LamKitty.Lam@fgh.com / +852 3166 9886 Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

6 4 月, 2021

Volcano IPO Debut Sees Jump of 100% to 70 sen on ACE Market

KUALA LUMPUR, Apr 6, 2021 - (ACN Newswire via SEAPRWire.com) - Volcano Berhad ("VOLCANO", Stock Code: 0232), a leading international manufacturer of nameplates and plastic injection moulded parts, successfully listed on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities") today.From left: Volcano Berhad's Executive Director/Chief Financial Officer Khoo Boo Wui, Executive Director Gan Yew Thiam, Managing Director Datuk Ch'ng Huat Seng, Executive Director Yeap Guan Seng and Executive Director Dato' Wong Tze PengChairman of Volcano, Ms. Wong Wan Chin, said: "Aside from making the Group more visible, this IPO will also help with the expansion of Volcano. In today's highly competitive business environment, this expansion will accelerate our move towards automation and streamline our manufacturing process to ensure sustainable growth. We seek to capitalise on our current regional presence, particularly in Thailand and Singapore, to tap into the immense business opportunities available from the rising growth of the electrical and electronics and automotive industries."Volcano's foreign market accounts for more than 95% of overall revenue in the financial year ended 31 December 2020. Multinational companies comprise 90% of the sales including some leading brand names such as Bernina, Hewlett Packard, Fisher & Paykel Thailand, Donaldson Thailand, Sharp Indonesia and Panasonic Thailand.Today's listing follows from the Balloting Ceremony on 26 March where Volcano recorded an overall oversubscription rate of 176.60 times from the new shares made available to the Malaysian public."While we are humbled by the reception to our IPO from the investing public, we also recognise there are challenges with the fluctuation in raw material prices, exchange rates and the ongoing COVID-19 pandemic. Nonetheless, I am confident that Volcano will thrive as we have the knowledge, we came from hard work and experience, and we have a team of loyal, talented, committed and resourceful people. They are indeed the greatest asset of the Group. Given this, we are optimistic about our growth and future moving forward," said Wong.Trading of Volcano shares on Bursa Securities on a ready basis commenced at 9:00 A.M. (Malaysian time) on 6 April 2021, under the stock name of VOLCANO and Stock Code: 0232.TA Securities Holdings Berhad is the Principal Adviser, Sole Placement Agent, Sole Underwriter and Sponsor for the IPO exercise.For more information, please contact:Hakim JuraimiTel: +60 12-318 5410Email: h.juraimi@swanconsultancy.biz Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

24 3 月, 2021

SLA appoints Frasers Hospitality Trust CEO as new chief, effective April 12

SINGAPORE - The Ministry of Law (MinLaw) on Wednesday (March 24) announced that it has appointed Mr Colin Low as the new chief executive of the Singapore Land Authority (SLA). The appointment will be effective April 12, 2021. He succeeds Mr Tan Boon Khai, who was appointed chief executive of JTC Corporation on Sept 1 last year. SLA's current deputy chief executive, Mr Simon Ong, will relinquish his appointment as acting chief executive on April 12. Mr Low, 44, has about two decades of experience in investment and corporate business development, where he covered the hospitality, retail and other real estate asset classes in the private sector, said MinLaw. He is currently the chief executive of Frasers Hospitality Trust, a hospitality real estate investment trust listed on the Singapore Exchange. Prior to this, he was head of hotel investment properties for Europe, the Middle East and Africa at London-based CBRE Hotels. Mr Low graduated with a Bachelor of Social Science (Honours) degree in economics from the National University of Singapore. In a statement on Wednesday, MinLaw said: "The Ministry of Law and SLA welcome Mr Low, and look forward to his leadership in SLA's ongoing work to optimise land resources for Singapore's economic and social development." The SLA plays two roles - developmental and regulatory. Under its developmental role, the authority is responsible for managing state land through land sales, leases, acquisitions and allocations. It maintains the national land information database to aid its land optimisation effort. The authority also develops and markets state properties to optimise their use for the benefit for the public. As for its regulatory role, SLA is the national land registration authority and looks after the registration of property transactions in Singapore. It is responsible for the management and maintenance of the national land survey system. More on this topic Related Story LTA chief Ngien Hoon Ping to step down, will be replaced by JTC chief Ng Lang; JTC and SLA to get new CEOs as well Related Story SLA moves to plug gap in pinpointing location of at-risk persons

11 11 月, 2020

TEC Continues Greater China Expansion with Two Centre Openings

HONG KONG, Nov 11, 2020 - (ACN Newswire) - The Executive Centre ("TEC"), the leading premium flexible workspace, today announces the opening of two new Centres in Greater China: Modern International Finance Center in Tianjin, China and PCCW Tower in Quarry Bay, Hong Kong.The Centre at PCCW Tower opened in October, and the Centre at Modern International Finance Center to open soon, add to TEC's footprint in Greater China, bringing total workstations in Greater China to 13,094. Globally TEC has more than 135 Centres in 32 cities and 14 countries across the Asia-Pacific and the Middle East."As businesses around the world re-think their workspace strategy, we have begun to see strong demand for premium grade A workspace which offers flexibility in new locations, such as Tianjin in China and Quarry Bay in Hong Kong - an area which is fast becoming the second CBD in Hong Kong," said TEC Founder and CEO, Paul Salnikow. "Our expansion strategy continues to be driven by client needs across Asia and the Middle East as the office remains an essential hub for creativity and idea sharing."CENTRES ARE DESIGNED TO REFLECT LOCAL HERITAGE AND CULTURE Modern International Finance Center in Tianjin, ChinaTianjin is the largest port in north China and ranks amongst the 10 largest ports in the world, making it one of the fastest developing cities in the region. Modern International Finance Center (MIFC) was designed by the world renowned architectural and interior design firm Skidmore, Owings & Merrill (SOM), and the focus was on creating a premium, energy efficient working environment with green landscaping to help bring the 'outside in'. The prestigious, high quality standards and exceptional facilities at MIFC, perfectly corresponds with the same high quality standards as The Executive Centre, which makes this new centre expansion a natural fit. Furnished with the latest ergonomically designed and functional furniture pieces, with also electronic door locks and magic glass; The Executive Centre at MIFC provides exceptional workspace and secure connectivity to ensure member's businesses runs smoothly with excellence in IT Support and Infrastructure.PCCW Tower in Quarry Bay, Hong KongThe Executive Centre in PCCW Tower boasts stunning views of Victoria Harbour and offers more than 25,000 sq ft of exceptionally designed workspace in the Hong Kong Eastern business district. Designed by Fiona Hardie, the Centre incorporates iconic furnishings from Timothy Oulton and Herman Miller and, uses natural materials such as wood, crystal, marble, leather, to create an ambience that is calming and relaxing. The two floors of this Executive Centre have an interconnecting staircase which allows easy access for Members on both floors. 'As the whole world is re-thinking their workspace strategy, and with people gradually returning to work in the city, PCCW centre not only provides space for the companies that wish to restructure their real estate and incorporate some 'Flex' into their real estate strategy, but also offers such a beautiful space that it will help companies to attract their employees back to work' said Nadia Zhu, City Head of TEC HK.About The Executive CentreThe Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 135+ Centres in 32 cities and 14 countries. The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organization to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organizations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business' needs. For more information please visit www.executivecentre.comPress EnquiriesFinsburySheena Shah / Crystal ChowSheena.Shah@Finsbury.com / +852 3166 9855Crystal.Chow@Finsbury.com / +852 3166 9838 Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

20 10 月, 2020

The Executive Centre launches the “Welcome Back to The Office” campaign

HONG KONG, Oct 20, 2020 - (ACN Newswire) - The COVID-19 outbreak has led to businesses and employees re-evaluating what the workplace means to them. Today, The Executive Centre (TEC), the leading premium flexible workspace provider across Asia Pacific and the Middle East, launches the "Welcome Back to The Office" video campaign, where characters find ways to adapt to the new working environment.The campaign is a take on the work-from-home phenomenon, and while the characters in the videos are fictional, their triumphs and struggles are drawn from real experiences of TEC's 1000+ global team.What's clear is that while homeworking arrangements are becoming normalised and people are enjoying less commuting, not having to dress to impress and spending more time with their families; on the flip side, there are also irreplaceable benefits of working in an office such as proper coffee in a proper coffee cup, chatting to colleagues and collaborating on projects, IT that works, comfortable ergonomic furniture, admin support, and a highly-productive environment that boosts concentration and minimises distractions."After an extended period of time working from home, we are inspired to explore how the typical workday has changed, and is continuing to change," said Paul Salnikow, TEC Founder and CEO. "We believe the future of the workplace hinges on its relationship with the people who truly make it work. As the pandemic has accelerated the shift to flexible workspaces, we are certain that the office, rather than becoming obsolete, will become an increasingly valuable asset facilitating collaboration and driving business growth. Our clients are telling us that their offices of the future will need solutions that are tailored to their success, limit current challenges, give their staff maximum flexibility and provide the best office environment that they can find."Welcome Back to the Office - Good to leave, even better to come back. The videos can be viewed here: https://www.youtube.com/watch?v=cGzLjfneslE&list=PLfHtsCPeKvS_hVeEC_AUxLGDvlLWzFhTBFor more details, please visit https://www.backtotheoffice.executivecentre.com About The Executive CentreThe Executive Centre (TEC) opened its doors in Hong Kong in 1994 and today boasts over 135+ Centres in 32 cities and 14 countries.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Conference facilities to suit any business' needs.For more information please visit www.executivecentre.com Press EnquiriesFinsburySheena Shah / Crystal ChowSheena.Shah@Finsbury.com / +852 3166 9855Crystal.Chow@Finsbury.com / +852 3166 9838 Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com

20 10 月, 2020

Leadership woes weigh on IWF’s Olympic hopes

LAUSANNE • The crisis-hit International Weightlifting Federation (IWF), fighting to keep its place at the 2024 Paris Olympics, last Friday named a third president in a troubled week. It had appointed Michael Irani, the British chair of the federation's medical committee and a former chair of its anti-doping commission, as its interim president. While Irani accepted the nomination, he insisted he was not interested doing the job full time, but was committed to furthering reforms around the issue of drug testing that has plagued the sport. "I am grateful to the IWF executive board for entrusting me with the presidency on an interim basis," he said. "I do not intend to stand as a candidate for the IWF president position in the future, so I will be able to focus fully on the reforms leading up to a clear and transparent IWF Congress (In March next year)." The Budapest-based IWF had removed its interim president, American Ursula Garza Papandrea, after an executive board vote at an emergency meeting last Tuesday. The International Olympic Committee (IOC) said the next day that it was "very worried" about the boardroom putsch, saying they had "enjoyed excellent cooperation" with Papandrea. The IOC did not name her replacement but the chief executive of USA Weightlifting Phil Andrews announced in a statement that Thailand's Intarat Yodbangtoey had taken over the post. The Olympic body has threatened last week to "reconsider the place of weightlifting on the programme of the Olympic Games in Paris 2024". It will make a final decision on the events and quotas of athletes for the Games by December. Weightlifting has been in turmoil since January when a documentary by German TV channel ARD revealed what it described as a "culture of corruption" in the sport intended to mask the use of doping. Hungarian Tamas Ajan, 81, president of the IWF for 20 years after serving as its secretary-general for 24, rejected the accusations as "lies" before being pressured into resigning in April. AGENCE FRANCE-PRESSE