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Nissin Foods Announces 2022 Q3 Results

HONG KONG, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its financial results for the nine months ended 30 September 2022 ("the Reporting Period"). Revenue of the Group increased solidly by 7.8% year-on-year ("YoY") from HK$2,858.6 million to HK$3,081.9 million. Revenue from Hong Kong and China operations respectively grew 11.6% to HK$1,156.6 million and 5.7% to HK$1,925.2 million YoY. Gross profit grew 8.2% YoY to HK$973.5 million (2021: HK$899.4 million) with gross profit margin increased by 0.1 percentage point to 31.6% (2021: 31.5%). Profit attributable to owners of the Company was HK$237.3 million.The growth in overall gross profit margin and revenue of Hong Kong and Mainland China operations is mainly due to the price adjustments implemented during the Reporting Period. Moreover, for Hong Kong operations, good demand for instant noodles and frozen foods contributed to the revenue growth. For Mainland China operations, growth in sales volume for the cup-type instant noodles also benefits its revenue increase during the Reporting Period.Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "The Group achieved resilient business performance in Hong Kong and Mainland China in spite of global and regional uncertainties during the Reporting Period, thanks to the prudent strategies such as cost-saving measures and price adjustment we implemented. Looking forward, we will remain conscious of the business environment and take necessary measures to improve our production efficiency and flexibility, as well as to enhance our product portfolio in order to delight our consumers and create long-term value for all stakeholders."About Nissin Foods Company LimitedNissin Foods Company Limited (The "Group"; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the "ECO Cup" concept and primarily focuses its sales efforts in first-and second-tier cities. Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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HKTDC Export Index 3Q22: Exporter confidence continues to improve

HONG KONG, Sep 19, 2022 - (ACN Newswire via SEAPRWire.com) - The sentiment among Hong Kong exporters continues to improve. The HKTDC Export Index increased a further 1.9 points to 32.8 in the third quarter of 2022, indicating a sustained improvement in confidence in the short-term export performance. However, exporters are facing downward pressure on prices, with the Trade Value Index falling 11.5 points to 40.2.HKTDC Director of Research Irina Fan and Corey To announced the HKTDC Export Index for the third quarter of 2022 at a press conference today (19 September).HKTDC Director of Research Irina Fan told a press conference today that a deteriorating external environment was keeping the recovery slower than hoped. "Weakening demand in major markets dampened by high inflation and aggressive monetary tightening, coupled with rising Sino-US trade tensions and other fallouts from the Russia-Ukraine conflict, also cloud the export outlook," she said.The HKTDC conducts the Export Index survey every quarter, interviewing some 500 Hong Kong exporters from six major industries - machinery, electronics, jewellery, watches and clocks, toys and clothing - to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.Shift in focusMs Fan said more than half of the respondents (52.0%) in the latest exporters' survey view the shortened quarantine requirement in the Mainland China - a seven-day centralised stay plus three days of home confinement - as positive for business. She added that enabling more flexible business travel arrangements (53.8%), the gradual resumption of cross-border commerce and trade (33.0%), and a smoother production flow (31.8%) were cited as the top benefits.While the impacts of the pandemic continue to decline, COVID-19-related issues remain among the top concerns for Hong Kong exporters over the next three months. Most respondents said COVID-19 persistence (40.2%) and border closure (22.6%) are the major impediments to export performance."To help them deal with this changing environment, Hong Kong businesses are tending to shift from being market-focused to more money-focused," Ms Fan said. Developing other product categories (36.9%) and stabilising finances to ensure sufficient cash flow (35.6%) are the most popular business strategies adopted by the survey respondents. Additionally, more of them said they intend to increase unit prices (35.2%, up 18 percentage points).Jewellery, Japan outperformHKTDC Economist Corey To said jewellery was currently the most promising sector with the highest sub-index at 44.2, followed by toys at 37.0. The jewellery sector also showed the largest improvement, with a 9.9-point increase from the previous quarter, while the electronics sector gained 2.3 points to 32.7.Mr To said Asia continues to provide a relatively promising outlook, adding that Japan remains the best performer at 48.4 (up 0.8 points), followed by the Association of Southeast Asian Nations (ASEAN) bloc (46.9, up 3.6 points) and Mainland China (45.8, up 2.7 points).Recovering supply chainsHe said the pandemic impact on businesses tended to be less severe in the third quarter as compared with April-June. "Fewer respondents experienced negative impacts on their business resulting from the pandemic (77.9%, down 1.2 percentage points). Among them, those whose business had been very negatively affected fell 11.8 percentage points to 23.4%."Mr To said rising transportation costs (64.1%) and logistics disruptions (51.8%) remained the key challenges for Hong Kong exporters, though both fell significantly - by 8.5 and 13.4 percentage points respectively - from the previous quarter, reflecting the gradual easing of supply chain issues. "But it is worth noting that more respondents reported communications issues with overseas buyers/suppliers (48.2%, up 26.6 percentage points) and order cancellations (21.2%, up 4.5 percentage points)."References- HKTDC Research website: http://research.hktdc.com/- HKTDC Export Index 3Q22: Gradual Recovery Underway https://bit.ly/3BetyBI- Photo download: https://bit.ly/3Lm8UUVAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communication and Public Affairs Department:Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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China Risun’s 2022 Interim Revenue Ups 21.1% to RMB22.53 Billion, Profit Attributable to Owners was RMB1.74 Billion

HONG KONG, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced its interim results for the six months ended 30 June 2022 ("the reporting period"). During the reporting period, the Group grew and expanded by way of provision of operation management services together with the formation and acquisition of entities by focusing on opportunities in both China and overseas. Revenue for the six months ended June 30, 2022 was approximately RMB22.53 billion, representing an increase of approximately 21.1%. Profit attributable to owners of the Company was approximately RMB1.74 billion, up approximately 0.8%. Basic earnings per share of the Company was RMB39.14 cents. To share the fruit of its outstanding results performance, the Board determined to declare an interim dividend of RMB12.30 cents per share (for the six months ended June 30, 2021: RMB12.30 cents).Steady expansion of coke businessSelf-built production progressing wellDuring the reporting period, revenue derived from the coke and coking chemicals manufacturing business continued to increase, up 20.2% to RMB9,262.7 million. As at January 1, 2022, the Group had the annual production capacity of coke amounting to approximately 11.05 million tons and there were two expansions of the production capacity of coke in Huhhot and Sulawesi Production Bases under construction. Trial run of the first phase of coke production facility with an annual capacity of 1,500,000 tons in Huhhot Production Base was completed and construction of the coke production facility with the remaining 1,500,000 tons per annum will be completed by the end of the first quarter of 2023. The expansion in Sulawesi Production Base will be completed in different phases in mid of 2023 and early 2024.For the operation management service section, the Group expanded the coke operation management services into Henan Province, the PRC in June 2022, where the Group is responsible for the provision of integrated sales and marketing services to a coke enterprise with an annual coke production volume of 1,000,000 tons. At the end of the reporting period, there are a number of operation management services carried out by the Group.Continue to enhance the production capacity of refined chemicals facilities Becoming one of the leading producers in the worldThe group's refined chemical manufacturing business continued to grow with revenue from this sector increased by 18.7% to RMB7,245.9 million. During the reporting period, the Group invested and enhanced the capacity of caprolactam (CPL) in the production line of aromatic chemicals in Cangzhou and Dongming Production Base, which can be used for manufacturing nylon, fibers and plastics. The Group estimated that the annual production capacity of CPL will be 750,000 tons by the end of 2022, ranking as one of the leading producers in the world.Accelerate the development of hydrogen energy business and achieve phased results The Group had hydrogen production, storage, transportation, hydrogenation to usage together with radiation of intelligent supply of hydrogen in three different production bases, which were Dingzhou, Xingtai and Huhhot. Among these three production bases, the hydrogen production facilities in Dingzhou with a daily production capacity of 13,000 kg and Dingzhou hydrogen refueling station commenced operation during the Reporting Period. China Risun is going to participate actively into the hydrogen industrialization plan in different cities in the PRC. In March 2022, the Group set up a new subsidiary in Baoding in Hebei Province, which will be engaged in the following businesses, (i) development of application of hydrogen energy heavy truck and hydrogen bus together with hydrogen-electric oil and gas energy stations; (ii) development of the transportation line for agricultural products from Baoding to Beijing and areas adjacent to Beijing; (iii) development of hydrogen bus application in Baoding; and (iv) long-distance hydrogen pipeline feasibility study and exploration on cost reduction of transportation of hydrogen. Moving forward, focusing on the rapid development of hydrogen energy industry in Beijing-Tianjin-Hebei area, the Group is committed to expanding its intelligent supply of hydrogen to the whole country with advanced technology and more customer-oriented services.Expand geographical layout to IndonesiaOpen up global marketThe Group expanded its geographical layout from the PRC to Indonesia in the second half of 2021 by establishing business partnerships by way of the formation of three joint ventures. Three joint ventures located in IMIP are under development as planned, with Risun Wei Shan New Energy (Indonesia) Company Limited expected to commence production gradually from the mid of 2023.Looking forward to the second half of 2022, the Group will continue to increase the market share in the independent coke market and certain refined chemicals market by expanding the annual coke production capacity, entering into different operation management services together with mergers and acquisitions (including forming joint ventures). The Group will also keep engaging in green and low-carbon practices, driving the industrial chain in the reduction of carbon emissions and striving to be one of the leaders in carbon peak and neutrality in the coke and chemical industry in the PRC.About China Risun Group LimitedChina Risun Group Limited is the world's largest independent producer and supplier of coke by volume in 2021, according to Frost & Sullivan. China Risun is an integrated coke, coking chemicals, refined chemicals and hydrogen energy products producer and supplier and relevant operation management services provider in China and occupies leading positions in a number of refined chemicals sectors both in China and globally. The vertically-integrated business model together with more than 27 years of experience in the coal chemicals industry production chain has enabled China Risun to further tap the downstream refined chemicals markets and hence diversify its income sources and create greater value. China Risun has been listed on the main board of the Hong Kong Stock Exchange since March 2019 and is now included in various index series, including the Hang Seng Composite Index, Hang Seng Composite Industry Index - Materials, Hang Seng Composite MidCap Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, Hang Seng Stock Connect Hong Kong Composite Index, Hang Seng Large-Mid Cap (Investable) Index, Hang Seng Large-Mid Cap Low Volatility Comprehensive Index, Hang Seng Large-Mid Cap Quality Comprehensive Index, Hang Seng Large-Mid Cap Low Size Comprehensive Index, Hang Seng Large-Mid Cap Dividend Yield Comprehensive Index, Hang Seng Large-Mid Cap Momentum Comprehensive Index, Hang Seng Large-Mid Cap Value Comprehensive Index, Hang Seng Large-Mid Cap Equal Weighted Factor Mix (QVLM) Index and Hang Seng Large-Mid Cap Risk Parity Factor Mix (QVLM) Index. China Risun is also included in FTSE GEIS: FTSE Global Small Cap Index, FTSE Global All-Cap Index (LMS) and FTSE Global Total-Cap Index (LMSu).For more details, please visit http://www.risun.com/En/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Mazda Included in MSCI Japan ESG Select Leaders Index

HIROSHIMA, Japan, Jul 29, 2022 - (JCN Newswire via SEAPRWire.com) - Mazda Motor Corporation has been included in the MSCI Japan ESG Select Leaders Index, a major ESG investment index. This makes Mazda a constituent of all five ESG indices for Japanese stocks (listed below) that are adopted by the Government Pension Investment Fund, one of the world�s largest pension reserve fund managers.MSCI Japan ESG Select Leaders IndexMSCI Japan Empowering Women Index (WIN)FTSE Blossom Japan IndexFTSE Blossom Japan Sector Relative IndexS&P/JPX Carbon Efficient IndexMembers of the MSCI Japan ESG Select Leaders Index are selected by major U.S. financial services company Morgan Stanley Capital International. Listed Japanese companies are assessed in their respective industries and only those with relatively high ESG ratings are included in the index.Mazda strives to grow as a company and to continuously challenge ourselves to realize our corporate vision of brightening people�s lives, existing sustainably with the earth and society.Mazda Sustainability website: External Evaluations: www.mazda.com/en/sustainability/evaluation/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Eisai Listed for 21st Consecutive Year in FTSE4Good Index Series

TOKYO, Jul 26, 2022 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that it has been included in the FTSE4Good Index Series for the 21st consecutive year since its initial inclusion in 2002. The FTSE4Good Index Series is a global index series for socially responsible investment.The FTSE4Good Index Series was developed by FTSE Russell to promote investment in companies that meet global environmental, social and governance (ESG) standards. Eisai received particularly high scores in "Corporate Governance", "Customer Responsibility", "Labor Standards" and "Tax Transparency", among others. As of the end of June 2022, 1,092 companies worldwide and 224 Japanese companies were included in the FTSE4Good Developed Index Series.Currently, in addition to the MSCI ESG Leaders Indexes, another global ESG investment index, Eisai is also listed in the FTSE Blossom Japan Index, the FTSE Blossom Japan Sector Relative Index, the MSCI Japan ESG Select Leaders Index, the MSCI (WIN) and the S&P/JPX Carbon Efficient Index, which are ESG investment indices for Japanese stocks Japan Empowering Women Index adopted by the Government Pension Investment Fund (GPIF).Eisai's corporate concept is to give first thought to patients and people in the daily living domain, and to increase the benefits that health care provides to them, as well as address diverse healthcare needs worldwide. By strengthening its ESG initiatives and increasing non-financial value, Eisai is striving to sustainably enhance corporate value based on this concept.For more information on our ESG initiatives, please visit www.eisai.com/sustainability/index.html.Media Inquiries:Public Relations DepartmentEisai Co., Ltd. +81-(0)3-3817-5120 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Mitsubishi Motors Added to the MSCI Japan Empowering Women Index (WIN) for Five Consecutive Years

TOKYO, Jul 19, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Motors Corporation has been added for five consecutive years to the MSCI Japan Empowering Women Index (WIN) in recognition of the company's initiatives in promoting women's participation. WIN was developed by Morgan Stanley Capital International (MSCI) for environmental, society and governance (ESG) investing. WIN selects companies that demonstrate gender diversity and are expected to grow sustainably in a long term for its index by scoring from disclosed information based on the Act on Promotion of Women's Participation and Advancement in the Workplace, on initiatives aimed at hiring of women, their ratio of management positions, and diversity. The index has been adopted as one of the indexes for ESG investing by the Government Pension Investment Fund (GPIF). From amongst various environmental, society and governance issues, Mitsubishi Motors identifies materiality that should be prioritized and addressed. One of these material issues is the promotion of work-style reforms in response to the new normal (diversity and work-life balance). Mitsubishi Motors is working to build an environment in which diversity is respected, and each worker can experience job satisfaction, fully demonstrate his or her abilities, and be able to work and thrive in good physical and mental health. [Main Results in Promoting Women's Participation]1. Higher ratio of women employeesThe ratio of women employees increased from 9.9 to 11 percent in March 2022 compared to March 2018 when Mitsubishi Motors was not selected in the WIN index. 2. Higher ratio of female managersThe ratio of female managers increased 1.6 times, from 2.9 to 4.7 percent in July 2022 compared to July 2017 when Mitsubishi Motors was not selected in the WIN index. [Targets and examples of key initiatives to promote women's participation]1. Creation and implementation of a General Employers Action Plan based on the Act on Promotion of Women's ParticipationDuring the three years from April 1, 2021, to March 31, 2024, the company will work on the following two targets. (1) Increase the ratio of female assistant managers (pre-management) to 15 percent(2) Increase the rate of male employees taking childcare leave to 10 percent or more (per annum) 2. Support to balance work and child/nursing carePromote an environment in which diverse employees can demonstrate their abilities to the fullest, by introducing flextime and remote work programs in addition to systems supporting child and nursing care. Also established in-house daycare facilities, support desk which employees can consult how to balance their work and life, and more. Aiming to realize a sustainable society and enhance corporate value, Mitsubishi Motors will continue to promote compmanywide sustainability initiatives. Mitsubishi Motors Corporation's sustained inclusion in MSCI index, use of MSCI logo, trademark or service mark or use of index name should not be interpreted as support to, guarantee or promotion of Mitsubishi Motors by MSCI or its affiliates. Names and logos of MSCI and MSCI index are the trademarks or service marks of MSCI or its affiliates. About Mitsubishi Motors Mitsubishi Motors Corporation (TSE:7211) -- a member of the Alliance with Renault and Nissan--, is a global automobile company based in Tokyo, Japan, which has about 30,000 employees and a global footprint with production facilities in Japan, Thailand, Indonesia, mainland China, the Philippines, Viet Nam and Russia. Mitsubishi Motors has a competitive edge in SUVs, pickup trucks and plug-in hybrid electric vehicles, and appeals to ambitious drivers willing to challenge convention and embrace innovation. Since the production of our first vehicle more than a century ago, Mitsubishi Motors has been a leader in electrification--launched the i-MiEV -- the world's first mass-produced electric vehicle in 2009, followed by the Outlander PHEV -- the world's first plug-in hybrid electric SUV in 2013. The company announced a three-year business plan in July 2020 to introduce more competitive and cutting-edge models, including the Eclipse Cross (PHEV model), the all-new Outlander and the all-new Triton/L200.For more information on Mitsubishi Motors, please visit the company's website at https://www.mitsubishi-motors.com/en/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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JPEX Announces Launch of MoonBirds NFT Index and Upcoming Giveaway

Dubai, UAE, July 16, 2022 – (SEAPRWire) – JPEX, a licensed and recognized digital assets platform designed to facilitate seamless crypto transactions, has launched the MoonBirds NFT index in the RedHare NFT index contract.  With most traders uncertain about the future of NFTs, no thanks to the highly volatile nature of the market, JPEX’s recently released index contract will address this significant sticking point. RedHare NFT Index Contract The RedHare NFT Index – a contracting product that can track NFT projects and aggregate on-chain trading data – is the only veritable hedge tool for NFT holders. This NFT index contract may allow holders to earn profits from short-selling and buying non-fungible tokens. The RedHare NFT index contract supports over forty times the available leverage. This means that when the price of a profile picture-style [PFP] NFT drops abruptly, these NFT holders can earn profits by short-selling. MoonBirds NFT Coming to JPEX The MoonBirds NFT index will be available soon on the JPEX platform. Like the RedHare NFT index, users can short sell and leverage NFTs to earn profits in the bear season. Besides that, the MoonBirds NFTs – a collection of 10,000 unique NFTs created by the PROOF Collective Team and based on the Ethereum network – will launch on the JPEX platform. To celebrate this feat, the JPEX team will hold a giveaway event. Users stand a chance of winning four MoonBirds NFTs. Prospective winners must follow the JPEX official account [@ExhangeJpex] on Twitter, Like/Retweet, and tag three friends to the post. Finally, potential winners must join the JPEX Discord server. Scheduled to end on Thursday, July 14th, 2022, winners will receive direct messages from the JPEX team three days after the event. JPEX’s Recent Sponsorships and Marketing Campaigns JPEX aims to provide a safe, reliable, and genuinely secure platform for buying/selling currencies. JPEX is committed to delivering a truly satisfying and easy-to-use solution for users beyond trading cryptocurrencies. To consolidate this claim, JPEX has entered into sponsorship partnerships with top football teams. These sponsorships align with JPEX’s greater goal of accelerating global crypto adoption in all works of life. JPEX also sponsored the Singapore crypto event, and talks are currently underway for a new event in Dubai, slated for October 2022. Yet another outstanding feature of JPEX is its “crazy” yet standout marketing campaigns in Australia, Taiwan, Malaysia, and Hong Kong. The digital assets trading platform’s latest campaign in Hong Kong saw the exchange bring the largest-scale billboard to the administrative region of China – an unprecedented feat in the crypto marketing space. About JPEX  JPEX is a renowned digital assets platform designed to enable the seamless buying/selling of cryptocurrencies. The exchange platform aims to deliver a remarkably secure and reliable trading platform for users globally. Keen on offering more than exchange services, JPEX has entered into several partnerships with various sports teams as it seeks to spread the crypto gospel worldwide. Social Contact  Twitter: https://twitter.com/exchangejpex Facebook: https://www.facebook.com/Jpex-Japan-Exchange-100535999063470 Discord: https://discord.com/jpex Instagram: https://instagram.com/Jpex_official?utm_medium=copy_link YouTube: https://www.youtube.com/channel/UCeslqL2jMg1kBYR1Fqua3Qw/featured Blog: https://www.jpextime.com/ Media Contact  Brand: JPEX Contact: Media Team Email: cs@jp-ex.io Website: https://jp-ex.io/ SOURCE: JPEX 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)

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MHI Receives MSCI’s ESG Rating of “AA” for the First Time

TOKYO, Jul 13, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has received an ESG Rating of "AA" from MSCI(Note) for the first time. The new 2022 rating represents an upgrade from the Company's previous "A" rating, and it demonstrates the high assessment MSCI accords to MHI's ESG initiatives.MSCI's ESG Ratings are given in seven ranked grades in descending order from AAA to CCC, based on the firm's analysis of a company's initiatives relating to environmental, social and governance issues. MSCI's ESG Ratings serve as a global index for making ESG investments.MHI is currently selected for inclusion in all four of the ESG investment indices used by Japan's Government Pension Investment Fund (GPIF), which is the largest pension fund in the world: FTSE Blossom Japan Sector Relative Index, MSCI Japan ESG Select Leaders Index, MSCI Japan Empowering Women Index (WIN), and S&P/JPX Carbon Efficient Index. The Company is also included in the Asia Pacific Index of the Dow Jones Sustainability Index (DJSI), one of the world's leading ESG stock investment indices.Going forward, MHI will continue to harness the power of technology to develop solutions to the world's social issues, marking growth as a business corporation that contributes to achieving a sustainable society and a secure future for the earth and all who inhabit it.MSCI Inc. is an American financial services provider based in New York and listed on the New York Stock Exchange (NYSE). MSCI provides a variety of tools to support investment decisions by institutional investors around the world, including large public pension funds, asset management companies, hedge funds, etc.For further information: https://www.msci.com/About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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HKTDC Export Index 2Q22: HK Export Index rebounds across all markets and sectors

HONG KONG, Jun 14, 2022 - (ACN Newswire via SEAPRWire.com) - The HKTDC Export Index grew 6.2 points to 30.9 in the second quarter of 2022, the first rise in the past 12 months, indicating that local exporters have begun to regain confidence in the city's export outlook as the impact of the COVID-19 pandemic gradually subsides and supply chain disruption and logistics bottlenecks show signs of easing.HKTDC Director of Research Irina Fan (R) and Assistant Principal Economist (Greater China) Alice Tsang (L) announced the HKTDC Export Index for the second quarter of 2022 at a press conference today (14 June)"The lockdown measures in Mainland China may have had an impact on local businesses with regard to production shutdowns and delayed shipments. Nevertheless, with the pandemic beginning to recede, cross-border cargo flows and many manufacturing activities getting back to normal, our latest survey findings show a significant improvement in the overall business sentiment, although exporters remain cautious," said Irina Fan, Director of Research, Hong Kong Trade Development Council (HKTDC), speaking at a press conference today.Reduced impactIn the latest survey of local exporters, fewer respondents said that their business had been negatively affected by the pandemic over the past few months (79.1%, down 14 percentage points from the last quarter), while only 35.8% cited it as their top concern for the coming months (down 17.7 percentage points).In addition, fewer exporters experienced pandemic challenges such as difficulties in communicating with buyers/suppliers (21.6%, down 20 percentage points), shortages in raw materials/parts and components (34.6%, down 11.9 percentage points) and order cancellations (16.7%, down 9.7 percentage points). "Nonetheless, increased transportation costs (72.6%) remained as one of the key concerns," Ms Fan said.Forecast unchangedSumming up the situation, Ms Fan said a strong recovery in Hong Kong's trade performance is expected in the second half of 2022. "Our export forecast for this year remains unchanged at an 8% increase compared to 2021," she said. However, Ms Fan stressed that the strong growth in total export value is mainly driven by cost-induced price rises, while export volumes are likely to remain stagnant, or even see a decline.She also reminded local exporters to be aware of the risks from stagflation, geopolitical tensions and a pandemic resurgence, "all of which may hinder the revival of global demand".Hong Kong exports outlook by key marketsHong Kong exports outlook by key sectors* See https://mediaroom.hktdc.com/en/pressrelease/detail/20356/Toy sector and Japan market top the listThe HKTDC conducts the Export Index survey every quarter, interviewing 500 local exporters from six major industries including machinery, electronics, jewellery, watches and clocks, toys and clothing, to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.HKTDC Assistant Principal Economist (Greater China) Alice Tsang said the upturn of exporter confidence was seen across all major markets and in all industry sectors. "Among them, the Japan market (47.6) and the toy sector (38.7) provided the most promising outlook, while the EU (42.3, up 2.8 points) and timepieces (34.6, up 14.9 points) showed the greatest improvement.""Traders are facing rising cost pressure as export prices are set to surge in the next couple of months. The Trade Value Index remained in expansionary territory at 51.7, despite a 1.1-point fall quarter-on-quarter," she added.All other sub-indexes, including the Employment Index (45.3, up 4.9 points) Procurement Index (25, up 4.7 points) and Offshore Trade Index (23.1, up 8 points) , also saw an upward trend, indicating that recruitment activities have stabilised alongside improvements in offshore trade and procurement.Diversifying products and marketsMs Tsang said issues such as the US interest rate hike, Russia-Ukraine conflict, and a weakening renminbi have yet to affect the business of Hong Kong exporters, with most respondents reporting no negative impacts (70.7%, 69.1% and 56.9% respectively) to date in these three areas.Some respondents said they had experienced increased operating costs (21.9%), reduced buyer orders (13.8%) and increased financing costs (9.4%) due to the US interest rate hike, while the main impacts resulted from the Russia-Ukraine conflict are increased transportation costs (20.1%), shortages in raw materials/parts and components (13.2%) and disruption to logistics/distribution arrangements (12.8%).She said diversification is Hong Kong exporters' favoured business strategy to help them spread risks and at the same time capitalise on new market opportunities. Many of them are planning to develop other product lines (41.2%), diversify sales into additional overseas markets (35.6%) and establish a presence in the mainland's domestic market (22.1%).References- HKTDC Research website: http://research.hktdc.com/- HKTDC Export Index 2Q22: First Rally in Exporter Confidence for 12 months https://bit.ly/3zLmv4v- 2022 Mid-Year Export Review: Expect a Strong Rebound in the Second Half https://bit.ly/3zLmRIn- Photo download: https://bit.ly/3xKAiXtAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiriesPlease contact the HKTDC's Communication and Public Affairs Department:Beatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Nissin Foods Achieves Steady 2022 Q1 Financial Results

HONG KONG, May 13, 2022 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced its unaudited first quarter financial information for the three months ended 31 March 2022 ("the Reporting Period"). The Group's revenue increased by 10.1% year-on-year ("YoY") from HK$964.5 million to HK$1,061.8 million. Gross profit grew 7.4% YoY to HK$332.8 million (2021: HK$309.9 million). Gross profit margin was 31.3% (2021: 32.1%), mainly a result of the increased prices of raw materials and other production costs. Profit attributable to owners of the Company was HK$90.3 million (2021: HK$93.2 million). Revenue from Hong Kong operations increased by 6.6% YoY to HK$357.9 million due to a surge in demand of bag-type instant noodles. As for Mainland China operations, having taken steps to expand its geographical sales territories and strengthen its "Cup Noodles" brand in the Reporting Period, revenue increased by 11.9% (in local currency: 8.6%) to HK$703.9 million, mainly contributed by the growth in sales volume of cup-type instant noodles.Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "With the COVID-19 epidemic prevailing, people's livelihood and economic recovery have been surrounded with uncertainties. Although the business environment has been challenging, we are committed to ensuring stable supply of quality and safe products to our customers and, to sustain profit growth. We will continue to enhance production efficiency by improving our capabilities and implementing cost-saving measures. In line with the Company's strategic direction, we will also continue to enhance our product portfolio so as to strengthen overall competitiveness and create sustainable value for all stakeholders."For details, please refer to the announcement:https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0513/2022051300230.pdf About Nissin Foods Company LimitedNissin Foods Company Limited (The "Group"; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the "ECO Cup" concept and primarily focuses its sales efforts in first-and second-tier cities. Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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China Risun’s 2021 Annual Profit Attributable to Owners Ups 58.1% to RMB2.61 billion

HONG KONG, Mar 28, 2022 - (ACN Newswire via SEAPRWire.com) - China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced its annual results for the year ended 31 December 2021 ("the reporting year"). Profit attributable to owners up 58.1% to RMB2.61 billion, achieving a 3-year consecutive growth since its listing in 2019.Revenue for the year ended 31 December 2021 was RMB38.4 billion, representing an increase of 94.2% year-on-year. Gross profit margin was 14.4% and net profit margin was 6.8%. Basic earnings per share of the Group was RMB61 cents, representing an increase of approximately 52.5% as compared to the figure in 2020. To share the fruit of its outstanding results performance, the Board determined to declare an annual final dividend of RMB6.3 cents per share (equivalent to HK7.7 cents per share), representing no less than 30% of the net profit of the Group. On 7 March, the Group officially switched from a small-cap stock in the Hang Seng Index to a mid-cap stock, and has been included in a number of sub-indexes such as the Hang Seng Large-Mid Cap (Investable) Index and the Shanghai-Hong Kong Stock Connect.Continued expansion of core businesses in coke and refined chemicals industryGlobalization strategy is gradually being implementedIn 2021, the price of coke reached a record high in China, and the profitability of the industry continued to improve. As the core profit source of China Risun, the coke business performed very well. With its national market layout, advantage from large-scale operations and advanced coal blending technology, economies of scale continued to emerge. In 2021, the Group's coke business volume reached 11.5 million tons. The total number of production bases increased to eight, and its core business continued to improve.During the reporting year, the Group continued to expand its market share and gradually implemented its business globalization strategy. The Group's joint venture in Hohhot, Inner Mongolia, is expanding its coke production facilities and is expected to complete in different phases and eventually approximately 3 million tons of coke will commence in operation. Starting from 2021, the Group actively explored opportunities in different places of Asia, for example Sulawesi province, Indonesia. This project is the first overseas coking project held by China Risun. The Group has also participated in two coking projects with an annual output of 4.7 million tons and 3.9 million tons, respectively, in the region. Other than Japan, the Group was considering setting up subsidiaries for trading of raw materials of the coke and refined chemicals industry in Singapore and Indonesia, reflecting the progress its business globalization strategy has made.China Risun has also been expanding its business through methods such as operations management. During the reporting year, China Risun completed the acquisition of two companies and have four operations management companies, expanding the development space and brand influence of its operations management segment, and further consolidating its leading position in the coke and refined chemicals industry.Chemical business steadily expandingExpansion of high value-added products extending industrial chain The refined chemicals segment is another major growth path for China Risun. With the recovery of the global economy and financial easing, chemical products have shaken off the impact of pandemic, and the prices of most products have returned to pre-pandemic levels, which has significantly improved the profitability of the refined chemicals segment. Revenue of this segment up 115.2% to RMB12.6 billion.China Risun has continued to enlarge the capacity of its refined chemicals production facilities. In addition to the 300,000-ton/year styrene production line that was put into operation at the end of 2020, its two-phase caprolactam expansion project is also progressing steadily. In August 2021, the capacity expansion project at the Group's Dongming production base, which comprised capacity expansion, quality improvement and consumption reduction, was successfully completed, expanding the caprolactam capacity from 200,000 tons to 300,000 tons a year, and increasing the Group's existing caprolactam production capacity to 450,000 tons/year. In addition, the second phase of the 300,000 tons/year caprolactam project in the Group's Cangzhou production base is under construction and is expected to commence production in mid-2022. By then, the Group's caprolactam production capacity will reach 750,000 tons a year, which is expected to be the leading player in China.Actively deployed new energy business to become a clean and low-carbon energy supplierAs a global leader in coke production, the Group commenced its entry into the hydrogen energy field in 2020, capitalizing on its advantages from the industrial chain of coke-oven-gas-based hydrogen. Entering 2021, the Group has further developed its hydrogen energy business by actively participated into the hydrogen industrialization plan in Hebei Dingzhou, Inner Mongolia Hohhot and Hebei Xingtai, China. Focusing on the rapid development of hydrogen energy industry in Beijing-TianjinHebei area, the Group is committed to develop from production, storage, transportation, hydrogenation to usage together with radiation of intelligent supply of hydrogen to the whole country with advanced technology and more customer-oriented services. In addition, with the popularity of fuel cell vehicles and the wide application of hydrogen energy in the industrial sector, the Group is expected to become a highly competitive hydrogen energy supplier in Northern China with its advantages in low-cost hydrogen production. Looking forward, the Group will make use of different ways of operation management, merger and acquisition together with the setup of joint ventures with well known geographical large enterprises to increase its market share by production/processing of coke and refined chemicals. The Group will also try to seize opportunities from the explosive growth of hydrogen energy against the backdrop of carbon peaking and carbon neutrality. It is expected to greatly promote the green and low-carbon development of the industry and contribute to the implementation of the national "3060" dual-carbon target strategy. The development plan of the Group's hydrogen energy business has undoubtedly become a model for the transformation and upgrading of the traditional coking industry into a clean energy enterprise, and has also made positive contributions to the Group's high-quality development.About China Risun Group LimitedChina Risun Group Limited is the world's largest independent producer and supplier of coke by volume in 2021, according to Frost & Sullivan. China Risun is an integrated coke, coking chemicals, refined chemicals and hydrogen energy products producer and supplier and relevant operation management services provider in China and occupies leading positions in a number of refined chemicals sectors both in China and globally. The vertically-integrated business model together with more than 27 years of experience in the coal chemicals industry production chain has enabled China Risun to further tap the downstream refined chemicals markets and hence diversify its income sources and create greater value. China Risun has been listed on the main board of the Hong Kong Stock Exchange since March 2019 and is now included in various index series, including the Hang Seng Composite Index, Hang Seng Composite Industry Index - Materials, Hang Seng Composite MidCap Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, Hang Seng Stock Connect Hong Kong Composite Index, Hang Seng Large-Mid Cap (Investable) Index, Hang Seng Large-Mid Cap Low Volatility Comprehensive Index, Hang Seng Large-Mid Cap Quality Comprehensive Index, Hang Seng Large-Mid Cap Low Size Comprehensive Index, Hang Seng Large-Mid Cap Dividend Yield Comprehensive Index, Hang Seng Large-Mid Cap Momentum Comprehensive Index, Hang Seng Large-Mid Cap Value Comprehensive Index, Hang Seng Large-Mid Cap Equal Weighted Factor Mix (QVLM) Index and Hang Seng Large-Mid Cap Risk Parity Factor Mix (QVLM) Index. China Risun is also included in FTSE GEIS: FTSE Global Small Cap Index, FTSE Global All-Cap Index (LMS) and FTSE Global Total-Cap Index (LMSu).For more details, please visit http://www.risun.com/En/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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HKTDC Export Index 1Q22: Export confidence continues to shrink

HONG KONG, Mar 17, 2022 - (ACN Newswire via SEAPRWire.com) - The HKTDC Export Index fell by 12.5 points to 24.7 in the first quarter of this year, the Hong Kong Trade Development Council (HKTDC) announced today. "The index shrinking for the third consecutive quarter can be taken as a clear indication that the prospects for short-term export growth are expected to weaken further," said HKTDC Director of Research Irina Fan.Hong Kong Trade Development Council Director of Research Irina Fan (L) and Economist Samantha Yim announced the HKTDC Export Index for the first quarter of 2022 at a press conference today (17 March)However, the Trade Value Index painted a more optimistic picture, as it remained in expansionary territory at 52.8, despite its reading having dropped from 57.0 in the previous quarter. "This robust outcome indicates that unit prices in most sectors will continue to rise in the near term, with the toy and electronics sectors leading the way at 56.7 and 53.5 respectively," said Ms Fan.The survey found that, unsurprisingly, a majority (93.1%) of respondents indicated that their businesses had been negatively affected by the COVID-19 pandemic over the past three months, a rise of 6.1 percentage points on the previous quarter. Among the key negative impacts cited were rising transportation costs (75.7%), ongoing disruptions to logistics and distribution arrangements (64.5%) and shortages in raw materials, parts and components (46.5%)."In light of rising costs, the pricing response from companies has been notably mixed. While 46.8% of respondents indicated they had been able to pass on at least some of their increased costs to buyers, 48.1% maintained this had not been an option. In addition, about one third (34.2%) of respondents expected their profit margins to rise or stay at the same level, while 65.8% predicted their profits margins would fall year-on-year over the course of the next 12 months," she added.Exporters across sectors remain cautiousThe HKTDC conducts the Export Index survey every quarter, interviewing 500 local exporters from six major industries including machinery, electronics, jewellery, watches and clocks, toys and clothing, to gauge business confidence in near-term export prospects. The Index indicates an optimistic or pessimistic outlook, with 50 as the dividing line.The Export Index dropped by 12.5 points to 24.7 for the third consecutive quarter. HKTDC Economist Samantha Yim said: "In line with this, exporter confidence continues to plunge across almost all industry sectors and major markets. Across many of the major sectors, exporters remained notably cautious. This saw timepieces emerge as the least positive sector at 19.7, while machinery recorded the largest drop, falling 19.1 points to 25.0. By contrast, the toy sector was the only one to merit an increased read, up 8.5 points to 33.5."Exporters were similarly pessimistic when it came to the near-term prospect of Hong Kong's major markets, with all the associated sub-indexes declining. Overall, Asia continued to be seen as likely to be the best performer over the coming months, with the best performer being Japan at 45.6, followed by Mainland China (42.1). On the other hand, the US dropped 3.8 points to 39.1, an outcome seen as less than promising.Challenges and strategies in 2022Looking ahead, an increased number of respondents were concerned about the impact of COVID-19 (53.5%) - a significant climb from the 32.5% of respondents reporting the same sentiment in the previous quarter. A further 11.4% indicated that prospects of a stuttering economic recovery remained among their key challenges, while 9.3% worried about the continued closure of borders.In terms of business strategies for the year, 38.5% of respondents favoured developing other product lines, followed by diversifying into new overseas markets (29.9%) and developing online sales or sourcing channels (29.4%).In December 2021, the HKTDC forecasted that Hong Kong exports will grow by 8% in value in 2022.References- HKTDC Research website: http://research.hktdc.com/- HKTDC Export Index 1Q22: Erratic Market Environment Dampening Exporter Confidence Further: https://research.hktdc.com/en/article/MTAwNjA1OTIxNg- Photo download: https://bit.ly/3tXw4ZqMedia enquiriesPlease contact the HKTDC's Communication and Public Affairs Department:Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.orgMedia Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Society Pass (SoPa) Announces Inclusion in Russell 2000 Index

SINGAPORE, Dec 21, 2021 - (ACN Newswire via SEAPRWire.com) - Society Pass Incorporated (Nasdaq: "SOPA") ("SoPa" or "the Comapny"), the leading Southeast Asian data-driven loyalty platform, today, announced that the company has been added to the Russell 2000 Index, effective at the open of U.S. markets on December 20, 2021 and according to the preliminary list of IPO additions to the Russell indexes.Founder, Chairman and Chief Executive Officer of Society Pass, Dennis Nguyen said "Building on the momentum of our successful IPO, the inclusion of Society Pass to these highly regarded and widely used indexes will increase the visibility of our stock to the wider global investment community and attract new classes of investors to our register." Membership in the Russell 2000 Index, which remains in place until the next reconstitution, is based on membership in the broad-market Russell 3000 Index. The Russell US Indexes are commonly used as performance benchmarks, or as the basis for index-linked products including index tracking funds, derivatives, and Exchange Traded Funds (ETFs).FTSE Russell is a global index leader that provides innovative benchmarking, analytics, and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98 percent of the investable market globally. According to FTSE Russell, a core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants.Society Pass recently also announced its ambition to accelerate its growth in Southeast Asia through the launch of its regional headquarters in Singapore on 16 December 2021. Located at Raffles Place in the heart of the Singapore central business district, the new office acts as the company's designated Asia Pacific hub for regional business and expansion opportunities, in particular, the acquisition and acceleration of high growth ecommerce businesses in the key focus markets of Vietnam, Indonesia and Philippines.SoPa is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. From its launch in 2019, SoPa has amassed over 1.5 million registered users and over 3,500 registered merchants and brands. It has since invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform's consumers, merchants, and acquisitions.About Society PassSociety Pass' customer loyalty and analytics platform has onboarded hundreds of thousands of registered consumers. Society Pass provides merchants with SoPa.asia - an online commerce platform for users, alongside with #HOTTAB Biz - a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS - a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user's profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin. In addition, SoPa operates Leflair.com, Vietnam's leading lifestyle e-commerce platform. For more information, please check out: http://thesocietypass.com/Media contactPRecious Communications for SoPasopa@preciouscomms.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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HKTDC Export Index 4Q21: Hong Kong export growth set to slow to 8% in 2022

HONG KONG, Dec 16, 2021 - (ACN Newswire via SEAPRWire.com) - The Hong Kong Trade Development Council (HKTDC) forecasts that Hong Kong exports will grow by 8% in value in 2022, down from the 25% expansion experienced in 2021. An uneven recovery, lingering threats from the COVID-19 pandemic, global supply chain disruptions and logistics bottlenecks, as well as rising concerns over inflation, are expected to restrain growth, HKTDC Director of Research Nicholas Kwan said.HKTDC Director of Research Nicholas Kwan and Assistant Principal Economist (Greater China) Alice Tsang announced the HKTDC Export Index for the fourth quarter of 2021 and gave the HKTDC’s prediction for export growth in 2022 at a press conference today.In the most recent HKTDC Export Index survey, more local exporters (87%, up 20.4 percentage points from the previous quarter) said the pandemic had negatively affected their business. Soaring transport costs (60.2%), disruptions to logistics and distribution (53.2%) as well as difficulties in sourcing raw materials/parts and components (41.4%, up 16.8 percentage points) were cited as major impacts. More than 70% of Hong Kong exporters said they expect 2022 sales will decrease (42.6%) or just be on par (29.1%) with sales this year.COVID-19 remains biggest threatIn the first 10 months of 2021, Hong Kong exports surged 26.7% year-on-year, albeit from a low base. "The remarkable growth outshone the global average, demonstrating the resilience of the city's export sector. Nonetheless, lingering pandemic and market uncertainties are likely to cast a shadow on the local export performance in the coming year," Mr Kwan said.He added that the impact of COVID-19 (32.5%) remains local exporters' top concern, followed by a stuttering economic recovery (15.7%) and borders remaining closed (11.6%).From 'just-in-time' to 'just-in-case'Mr Kwan said COVID-19-related delays in shipments and issues related to port closures and congestion have adversely impacted the global supply chains in many areas. While 71.3% of respondents reported delivery delays, 39.8% experienced production schedule disruption and 38.4% passed extra shipping costs on to customers. Many exporters (62.4%) expect logistics costs to continue rising in the first quarter of 2022, with 39.8% anticipating an increase in the range of 10-30%.He said manufacturers may reserve more buffer time for production in the pandemic recovery period. "Take the automobile industry as an example, where companies are switching from a 'just-in-time' strategy, with semiconductor chips, parts and components only delivered as needed, to embracing a 'just-in-case' strategy where they stock up on inventory to combat logistics bottlenecks."New products, new marketsOn the bright side, the Regional Comprehensive Economic Partnership (RCEP) agreement takes effect on 1 January 2022. "With its phased tariff elimination, the RCEP is set to further develop and integrate regional supply chains, as well as encourage production specialisation in Asia. This will provide a fresh impetus for Hong Kong to fortify its role as an international trading hub," Mr Kwan said.Considering business strategies in 2022, almost half of the exporters surveyed (46.4%) indicated they planned to develop other product categories, with some opting to develop domestic markets in Mainland China (33.8%) or diversify sales to other overseas markets (30.5%).Toy sector bearishMeanwhile, the HKTDC Export Index dropped 1.8 points to 37.2 in the final quarter of 2021, "indicating that growing market uncertainties triggered by COVID-19 variants may continue to undermine local exporters' confidence in the near term," said HKTDC Assistant Principal Economist (Greater China) Alice Tsang.Machinery (44.1, up 0.3 points) was the most promising sector, jewellery (40.7. up 0.8) and clothing (39.6, up 3.5) improved, while toys, down 19.0 points to 25.0, was the least optimistic sector. Exporters were equally cautious on major markets. Mild growth was expected in the Association of Southeast Asian Nations (ASEAN) bloc (45.8, up 1.3) and Japan (48.7, up 0.8), while the mainland market remained stable (47.6, down 0.2) and the United States fell 1.4 points to 42.9.The Procurement Index and the Employment Index were more or less the same as the previous quarter, at 36.9 and 44.0 respectively. The Trade Value Index (57.0) remained in expansionary territory.A total of 500 local traders from six major industry sectors including clothing, electronics, jewellery, machinery, timepieces and toys were interviewed for the HKTDC Export Index survey in mid-November. Readings above 50 indicate a positive sentiment, while below 50 is negative.References- HKTDC Research website: http://research.hktdc.com/- HKTDC Export Index 4Q21: Exporter Sentiment Declines as Covid-19 Resurges and Logistics Costs Spiral https://bit.ly/3yC337H- Hong Kong Export Outlook for 2022: Moderate Growth Amid Lingering Risks from Covid-19 and Growing Threats of Inflation https://bit.ly/3EWwN1b- Podcast https://bit.ly/3pXDPfJ- Photo download: https://bit.ly/3pWHKJQAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedInMedia enquiries:HKTDC's Communication and Public Affairs DepartmentBeatrice Lam, Tel: +852 2584 4049, Email: beatrice.hy.lam@hktdc.org Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Focus on the A Shares Leaders, Capture the China Opportunities: E Fund (HK) MSCI China A50 Connect ETF launched on HKEX

HONG KONG, Dec 14, 2021 - (ACN Newswire via SEAPRWire.com) - E Fund Management (HK) Co., Ltd. is pleased to announce today (Tuesday) the launch of E Fund (HK) MSCI China A50 Connect ETF ("EFUND MSCI A50") on the HKEX. The stock code is 3111. The product is launched by E Fund HK. The fund tracks the MSCI China A50 Connect Index, which selects 50 stocks from the component stocks in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, focusing on China's core assets.IMPORTANT INFORMATION:1.E Fund (HK) MSCI China A50 Connect ETF (the "Fund") is a passively managed exchange traded fund ("ETF") and is traded on the Stock Exchange of Hong Kong ("SEHK") like stocks. The investment objective is to provide investment result that, before fees and expenses, closely corresponds to the performance of the MSCI China A 50 Connect Index (the "Index"). The Manager will adopt a combination of a physical representative sampling strategy and a synthetic representative sampling strategy. For direct investments in Index Securities listed on the Shanghai and Shenzhen stock exchanges, the Fund will invest primarily through the Stock Connect and/or the Manager's QFI status. By adopting a synthetic representative sampling sub-strategy (which involves investing up to 50% of its NAV in FDIs), the Fund will only invest directly in funded total return swap transaction(s)2.The Fund is subject to a) Investment risk, b) Equity market risk, c) New Index risk, d) Concentration risk and Mainland China market risks, e) Risks associated with the Stock Connect and QFI regime , f) Risks associated with investments in FDIs, g) Trading differences risk, h) Passive investments risk,, i) Trading risk, j) Tracking error risk, k) Dual counter risks, l) PRC tax risk, m) Reliance on market maker risk, n) Other currency distribution risk, o) Termination risk..3.Based on professional and independent tax advice, (i) the Fund will make relevant provision of 10% on dividend and distribution income from A-Shares if PRC corporate income tax ("CIT") is not withheld at source at the time when such income is received (where CIT is already withheld at source, no provision will be made) and (ii) the Manager does not currently make withholding income tax provision for gross realised or unrealised capital gains derived from trading of A-Shares (either via Stock Connect or QFI). 4.There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realised via QFI or Stock Connect on investments in the PRC (may have retrospective effect). Any increased tax liabilities on the Fund may adversely affect the Fund's value. If taxes are levied in future on the Fund for which no provision is made, the Fund's NAV will be adversely affected. In this case, the then existing and subsequent investors will be disadvantaged as they will bear for a disproportionately higher amount of tax liabilities as compared to the liability at the time of investment in the Fund. 5.You should not make any investment decision solely based on the information on this material alone. Please read the relevant offering documents for details including the risk factors before making any investment decisions. Investment involves risk. Past performance is not indicative of future performance. This document has not been reviewed by the Securities and Futures Commission of Hong Kong.The MSCI China A50 Connect Index has three major characteristics: Firstly, the historical performance of the index is better than other main broad-based indexes. From the perspective of historical cumulative return rate, the price index return rate and the total return performance of investments with the dividends reinvested have all outperformed the CSI 300, FTSE Russell A50 and MSCI China A-Share Index (the parent index) in the past 10 years. Secondly, the industry distribution is balanced with a high proportion of new economy. Compared with other main broad-based indexes, the MSCI China A50 Connect Index has significantly increased the proportion of new energy, electronics, medicine and other sectors. Thirdly, the component stocks comprise leader companies in various industries, with excellent profitability and growth, which are regarded as China's core assets, which are highly recognized by foreign institutional investors. It is an effective investing tool for investors to focus on the A Shares leaders and capture the China opportunities.MSCI Company highly regards the importance of Chinese assets. In May 2018, MSCI officially announced the inclusion of China A Shares in its flagship index system. Through step-by-step implementation, MSCI increased the inclusion ratio of China A shares from 5% to 20% in the MSCI Emerging Markets Index in 2019. The market expects the proportion of MSCI's inclusion of China A Shares may increase to 50% in 2027, which is equivalent to an average of 200-400 billion RMB flowing into China A Shares from overseas assets each year.HKEX Co-Head of Markets Wilfred Yiu said: "We warmly welcome the listing of E Fund (HK) MSCI China A50 Connect ETF that tracks the MSCI China A 50 Connect Index. It will join the increasingly diversified Connect product ecosystem in Hong Kong, enriching the choice for investors around the world, and providing another investment option for those seeking exposure to China assets. HKEX looks forward to working with its clients and the market on continuing to build Hong Kong's attractiveness as an offshore RMB hub and international trading, risk management and capital raising centre."Doug Walls, APAC Head of Index Products at MSCI, said, "The MSCI China A 50 Connect Index follows an innovative sector-balanced approach that aims to ensure diversified and balanced representation of the broader China A market. It is designed to enable international and domestic investors to track China's sector leaders and get exposure to the overall market, including the potential opportunities in China's new economy. The index marks another milestone since the inclusion of A-shares in MSCI indexes. At the same time, index-linked ETFs and other financial products will provide global investors with more opportunities to access the broad and diversified China market."Gaohui Huang, CEO of E Fund Management (HK), said, "With the increase of China's economic influence in the world and the further opening up of the financial markets, China A-share assets will play an even more important role in global investors' portfolios. We believe that E Fund (HK) MSCI China A 50 Connect ETF will become an essential tool for domestic and foreign investors to allocate A-share assets. "Fund InformationE Fund (HK) MSCI China A50 Connect ETF Stock Code: 03111.HK (HKD counter) 83111.HK (RMB counter)Exchange Listing: HKEX - Main BoardListing Date: 14th-December-2021Underlying Index: MSCI China A 50 Connect Index (Price return)Trading Currency: RMBCounter Currency: RMB/HKDInvestment Channel: Mainland China-Hong Kong Stock Connect, RQFII (Mainly by Mainland China-Hong Kong Stock Connect)Investment Strategy: A combination of (i) primarily a physical representative sampling strategy and (ii) a synthetic representative sampling strategy as an ancillary strategy. Portfolio Composition File Basket Share: 1,000,000Fund Initial Net Value: 2.6 RMB (subject to the final price before listing)Management Fee Rate: 50 bp (p.a.)Expected Total Expense Ratio (TER): 80 bp (p.a.)Derivative Use: Yes, derivative does not exceed 50%About E Fund Management (HK) Co., Ltd.As the international business platform of E Fund, E Fund HK provides bilateral and cross-border asset management services in fixed income, equity (include active management strategy and ETF product lines) and global asset allocation for investors all over the world. E Fund HK has an established presence in Hong Kong for many years and has since listed a number of mutual funds, private equity funds and ETFs in Hong Kong, Europe and the US. Its award-winning products have been recognized by leading institutions such as Morningstar, Lipper, Asian Investor and Benchmark for their strong performances relative to peers..E Fund HK has nearly 10 years of index investment experience. The company has abundant practical experiences in the offshore ETF market. E Fund HK cooperate with many international institutions, and issued products in Hong Kong, Europe and the US. In 2012, E Fund HK issued a product tracking the CSI 100 Index. In 2014, E Fund HK issued a product tracking Chinese government bonds, and issued a UCITS product about China A shares with a European company. In 2014, E Fund HK and a US fund company jointly issued an ETF in United States. In 2017, E Fund HK and Yuanta Securities jointly issued a leveraged ETF and an inverse ETF tracking the Hang Seng Index.The MSCI series of indexes developed by MSCI are widely used by global portfolio managers as benchmark indexes, with an asset scale of more than US$16 trillion, including more than 1,200 index ETFs with an asset scale of more than US$1.2 trillion.MSCI Index DisclaimerThe funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus issued by E Fund Management (Hong Kong) Co., Limited ("E Fund HK") contains a more detailed description of the limited relationship MSCI has with E Fund HK and any related funds.Copyright 2021. E Fund Management (Hong Kong) Co., Limited. All rights reserved.The Fund has been authorized by the Securities and Futures Commission of Hong Kong ("SFC") but such authorization is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. Investment involves risk. Past performance is not indicative of future performance. The investment returns are denominated in RMB. HK dollar-based investors are therefore exposed to fluctuations in the HK dollar/RMB exchange rate and investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Please refer to the offering document for details of the Fund including the risk factors. This document has not been reviewed by the SFC. Issued by E Fund Management (Hong Kong) Co., Limited.This document is neither an offer nor solicitation to purchase units of the Fund. Distribution of this document may be restricted in certain jurisdictions. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Nissin Foods Announces 2021 Q3 Financial Results

HONG KONG, Nov 5, 2021 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its financial results for the nine months ended 30 September 2021 ("the Reporting Period"). Revenue of the Group increased by 6.4% to HK$2,858.6 million, from HK$2,685.6 million for the corresponding period in 2020. Gross profit increased by 0.4% year-on-year ("YoY") to HK$899.4 million (2020: HK$895.9 million). Gross profit margin stood at 31.5% (2020: 33.4%), which was mainly impacted by the surge in the price of key raw materials and the decrease in revenue from the Hong Kong operations. Profit attributable to owners of the Company was HK$231.4 million (2020: HK$264.0 million). Revenue generated from the PRC operations increased by 12.9% YoY to HK$1,822.1 million from HK$1,614.3 million, attributable to the rise in sales of cup-type instant noodles. With respect to the Hong Kong operations, revenue decreased by 3.2% YoY to HK$1,036.5 million because of the absence of a demand upsurge as experienced last year due to the pandemic, especially in bag-type instant noodles and frozen food. Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "The Group maintains healthy financial metrics with stable contribution from PRC and Hong Kong operations during the Reporting Period. We consider the pursuit of quality a strategic move towards the Group's sustainable growth and success. As part of our product optimisation initiatives, a major product revamp has been made to Cup Noodles this year in celebration of its 50th anniversary. We have successfully realised robust sales in the PRC by pushing forward product optimisation initiatives and taking steps to promote our Cup Noodles brand. At Nissin Foods, we are constantly enhancing our product portfolio and improving our production efficiency. We believe that such efforts will allow us to further understand and satisfy the changing needs of consumers and that of the other stakeholders of the Group."For details, please refer to the announcement:https://www1.hkexnews.hk/listedco/listconews/sehk/2021/1105/2021110500297.pdfAbout Nissin Foods Company LimitedNissin Foods Company Limited (The "Group"; Stock code: 1475) is a renowned food company in Hong Kong and the PRC with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the PRC market, the Group has introduced technology innovation through the "ECO Cup" concept into the market and primarily focuses its sales efforts in first-and second-tier cities in the PRC. Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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AppsFlyer Launches SKAdNetwork Ranking for the New Privacy Era in Latest Performance Index; Xiaomi is Fastest-growing Media Source in Southeast Asia

SINGAPORE, Oct 22, 2021 - (ACN Newswire via SEAPRWire.com) - AppsFlyer, the marketing measurement and experience platform, today released the 13th edition of its Performance Index, ranking the top media sources in mobile advertising. In its edition, AppsFlyer is pioneering the SKAN Index, a SKAdNetwork ranking that reflects the new reality of privacy generated by the enforcement of Apple's App Tracking Transparency (ATT) framework.Apple's ATT impact on the mobile industry has been substantial. While Facebook dominated AppsFlyer's pre-SKAdNetwork iOS rankings, TikTok for Business claimed the number one spot in the first SKAN Index. Facebook dropped to second and also lost the top spot to Apple Search Ads (ASA) in the Retention Index among consenting users. Google, on the other hand, in line with AppsFlyer's previous rankings, continues to dominate in Android and drive the largest number of installs in app marketing.The Growth index found that Xiaomi took top spot as the fastest-growing media source for Android mobile advertising in Southeast Asia -- beating out Adjoe and Adfly. However, Adjoe still ranked as the fastest-growing media source globally, with its 60% increase in clients and 2.5% rise in non-organic installs largely driven by success in Southeast Asia.TikTok for Business leads power ranking in industry-first SKAN IndexTikTok For Business has adapted the best to SKAdNetwork six months after Apple's ATT enforcement, capturing first in the power ranking with good quality at scale, and reaching fifth place in the volume ranking. Facebook took the second spot in the power ranking, losing ground since the enforcement of ATT, but took first place in the volume ranking due to its scale.AppLovin ranked third in both the power and volume rankings, with Google Ads coming in fourth in the power ranking. While traditionally not the most dominant media source in iOS, Google did place second in the volume ranking."The impact of ATT on the mobile app industry has been substantial, and AppsFlyer's goal was to provide advertisers with the most accurate scorecard based on the media sources that can, ultimately, drive the most value in this new era of privacy," said Sam Chiu, Senior Director of Marketing, APAC, AppsFlyer. "While it's clear that we are still in a transition phase, and that media sources have to adapt to a completely different measurement framework that requires significant changes to their existing technologies, we wanted to provide marketers with a direction with which partners to work with in this new reality."Google continues to dominate Android, widening its lead from the restGoogle is continuing to exponentially drive the largest number of installs in app marketing, further increasing its lead over Facebook in Android devices. The search giant ranked first in the Retention Index's power and volume rankings in all Gaming and non-gaming categories, with the exception of racing games. Most of its growth came from Gaming, where it increased its share in global app installs by 5% comparing H1 2021 to H2 2020.Google enjoys the biggest reach in every region, but most of its growth comes from Android-dominated countries, particularly in India, Latin America, and Southeast Asia. Google's unrivaled reach in Android is also the main reason why it is ranked number two in the In-App Purchases (IAP) Index power ranking with a score that was only slightly lower than Facebook's. However, it did claim the first spot in the power ranking in non-gaming as well as in the Casual gaming group.The remarketing Index shows that although Facebook still dominates this category, Google is closing the gap and has even claimed the top spot in Europe and among Finance apps, globally. In fact, Google increased its share of the app remarketing conversion pie by 33% comparing H1 2021 and H2 2020.Apple Search Ads overtakes Facebook among consented users in iOSAppsFlyer found that among consenting users, Apple Search Ads (ASA) ranked first in both the Retention Index's global power and volume rankings. In fact, iOS marketers flocked to ASA following the enforcement of ATT, with ASA reaching almost 60% of its traffic from the previous index which covered the entire second half of 2020 in only seven weeks.ASA is the only media source in iOS that functions independently of SKAdNetwork and deterministically attributes users. While ASA is not a lateral comparison to other media sources in the rankings, AppsFlyer applied the same methodology for ASA and its competitors despite the differences in which they operate due to ASA's volume of users with full data granularity, which is ultimately what marketers seek.ASA's success was driven by non-gaming apps where it ranked first, thanks to the top spot it secured in the Life & Culture group in seven regions across the globe: Eastern Europe, Greater China, Japan & Korea, Latin America, Middle East, North America, and Western Europe. In Gaming, ASA ended up third in the power ranking and fourth in the volume ranking. Its performance in Gaming was largely driven by its first-placed power rankings in the Casual Gaming group in Japan & Korea, the Middle East, Western Europe, and North America.ASA's advantage was also evident in the IAP Index, overcoming Facebook to take the number one global power and volume ranking, driving quality users at scale, with a first place showing in non-gaming and second place result in Gaming.Methodology:AppsFlyer's Performance Index analyzed a total of 623 media sources, 33 billion installs, and over 17,000 apps. From this, the SKAN Index covered 150 million postbacks from over 3,000 apps. To ensure the accuracy of data during this transition phase, AppsFlyer utilized SKAN data from August 1st to September 30th, 2021.To access the full version of the latest AppsFlyer Performance Index, please visit:https://www.appsflyer.com/resources/reports/performance-index/About AppsFlyerAppsFlyer helps brands make good choices for their business and their customers through innovative, privacy-preserving measurement, analytics, fraud protection, and engagement technologies. Built on the idea that brands can increase customer privacy while providing exceptional experiences, AppsFlyer empowers thousands of creators and 8,000+ technology partners to create better, more meaningful customer relationships. To learn more, visit www.appsflyer.com. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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S’poreans highly aware of environmental issues but adoption of green practices lags: OCBC climate index

SINGAPORE - The average Singaporean is highly aware of environmental issues, adopts many green practices some of the time, and advocates some of these issues and practices to friends and family. These are the findings of a climate index launched on Tuesday (Aug 17) by OCBC Bank in partnership with Eco-Business, a media and business intelligence company. OCBC said it hopes to raise awareness about environmental issues and inspire people to modify their lifestyle and act responsibly. Singapore, in recognition of the existential threat climate change poses to the island, unveiled its Green Plan 2030 earlier this year. Under the Paris Agreement, Singapore is committed to halve carbon emissions by 2050. The inaugural OCBC Climate Index national average came at 6.7 points - with Singaporeans scoring an average of 8.3 for awareness, 6.5 for adoption and 5.6 for advocacy. About 54 per cent of respondents had scores of between 6 and 7.9, while 30 per cent had scores of 4 to 5.9. The highest score was 9.5, with about 15 per cent of respondents scoring between 8 and 10. The lowest average was 3.1, and just 1 per cent had scores of 2 to 3.9. The index also showed that Singaporeans had high awareness of the environmental issues across four lifestyle themes - transport, home, food and goods - even though it was not reflected in terms of their adoption of green practices. Ninety-five per cent of the respondents who can drive were aware that travelling by car generates 12 times more CO2 emissions than travelling by train. Yet 78 per cent of them drive for over 30 minutes a day, on average. While 87 per cent of those surveyed said they know that air-conditioners emit the most CO2 emissions of all household appliances, 34 per cent of them use air-cons at home for more than seven hours a day, on average. Red meat consumption is responsible for releasing greenhouse gases such as methane, CO2, and nitrous oxide. Among respondents who eat meat, 76 per cent were aware of the environmental impact of their choice, yet almost half of them consume red meat more than twice a week, on average. However, 77 per cent of red meat-eaters showed willingness to reduce their consumption. Some 81 per cent knew that one plastic bag takes 500 years to degrade. Yet 78 per cent do not bring reusable bags with them whenever they go shopping. The Climate Index found that the top two reasons for not adopting green practices were cost and inconvenience, followed by reasons such as finding it hard to maintain sustainable habits, feeling that the status quo is sufficient, not caring about the issue, and believing that individual action is too small to make an impact. More on this topic   Related Story IPCC report indicates Singapore could take bigger hits from climate change   Related Story Disclosures on climate, assurance of sustainability and board diversity needed for better corporate governance in S'pore At a virtual media briefing, Ms Koh Ching Ching, OCBC's head of group brand and communications, said, the Index gives an indication of where Singaporeans are in terms of knowledge and lifestyle habits that affect climate change. "We hope that the Index can raise Singaporeans' awareness on the carbon emissions driven from human activities and to nudge more environmentally sustainable behavioural change." Ms Jessica Cheam, founder and managing director of Eco-Business, noted that the average Singapore resident generates over 8,000kg of carbon emissions annually according to SP Group's My Carbon Footprint calculator. That is more than twice the world's average and far above the target to maintain a sustainable footprint, she said. "As even small actions accumulate and contribute to a rise in global carbon emissions, every individual has a key role in reducing their own emissions by adopting more sustainable practices," said Ms Cheam. She hoped that the Index would provide an intimate look at the attitudes and behaviour of Singapore residents towards climate change and help inform policy, business and consumer decisions. More on this topic   Related Story Covid-19, climate to be discussed when US V-P Kamala Harris visits next week: Vivian Balakrishnan   Related Story Singapore developing climate model to localise findings of IPCC report

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Eisai Listed for 20th Consecutive Year in FTSE4Good Index Series, An Index for Socially Responsible Investment

TOKYO, Jul 29, 2021 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that it has been included in the FTSE4Good Index Series for the 20th consecutive year since its initial inclusion in 2002. The FTSE4Good Index Series is a global index series for socially responsible investment. The FTSE4Good Index Series is designed to help investors integrate the global standard factors of environmental, social and governance (ESG) into their investment decisions. Eisai received particularly high scores in "Corporate Governance", "Human Rights & Community", "Labor Standards", and "Anti-Corruption", among others. As of the end of June 2021, a total of 1,045 companies from around the world have been selected for the FTSE4Good Developed Index, including 204 companies from Japan. Along with being listed in the FTSE4Good Index Series, Eisai is also listed in the MSCI Japan Empowering Women Index (WIN), the FTSE Blossom Japan Index, the MSCI Japan ESG Select Leaders Index, and S&P/JPX Carbon Efficient Index, which are the four ESG investment indices for Japanese stocks adopted by the Government Pension Investment Fund (GPIF). Eisai's corporate philosophy is to give first thought to patients and their families, and increase the benefits that health care provides as well as address diverse healthcare needs worldwide. By strengthening its ESG initiatives and increasing non-financial value, Eisai is striving to sustainably enhance corporate value based on this corporate philosophy. Media Inquiries:Public Relations Department,Eisai Co., Ltd.+81-(0)3-3817-5120 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

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Sino Biopharmaceutical Donates Cash and Supplies Valued at RMB10 Million to Support Henan for Flood Relief and Preventing Epidemic

HONG KONG, Jul 22, 2021 - (ACN Newswire via SEAPRWire.com) - Sino Biopharmaceutical Limited ("Sino Biopharmaceutical" or the "Company", together with its subsidiaries, the "Group") (HKEX:1177), a leading and innovation-driven pharmaceutical conglomerate in the PRC, has announced the donation of cash and supplies valued at RMB10 million to support Henan for flood relief and preventing epidemic.Henan province has been afflicted by the torrential rain storm and the severe flooding has drawn widespread concern. When a place is in trouble, help from all sides come to the rescue. With this thought in mind, Sino Biopharmaceutical, in fulfilling its social responsibility and living up to its role as a pharmaceutical company dedicated to healthcare, has donated both cash and emergency relief supplies each valued at RMB5 million via the Liaison Office of the Central People's Government in the Hong Kong S.A.R. These funds and supplies are to be used in supporting Henan province's efforts to provide emergency medical and rescue and relief services and prevent the emergence of an outbreak of disease or an epidemic in the wake of the devastation so as to protect the lives, safety and health of the public in Henan. Ms. Cheng Cheung Ling, Vice Chairwoman and Executive Director of Sino Biopharmaceutical, said, "Capitalising on its professional strengths in the biopharmaceutical industry, the Group will closely monitor health issues and epidemic prevention preparations subsequent to this natural disaster, and donate supplies and medicines. Sino Biopharmaceutical regards safeguarding public health as its mission and responsibility. Let's stay together through thick and thin. Keep fighting and don't give up, Henan!"About Sino Biopharmaceutical Limited (HKEX:1177)Sino Biopharmaceutical Limited is a leading, innovative R&D driven pharmaceutical conglomerate in the PRC. Its business encompasses a fully-integrated chain which covers an array of R&D platforms, a line-up of intelligent production and a strong sales system. The Group's products have gained a competitive foothold in various therapeutic categories with promising potentials, comprising a variety of biopharmaceutical and chemical medicines for tumors, liver diseases, cardio-cerebral diseases, orthopedic diseases, respiratory system diseases and parenteral nutrition.Sino Biopharm is a constituent stock of the following indices: MSCI Global Standard Indices - MSCI China Index, Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng Composite Index, Hang Seng Healthcare Index, Hang Seng SCHK Mainland China Healthcare Index, Hang Seng Composite LargeCap Index, Hang Seng Composite LargeCap & MidCap Index, Hang Seng China (Hong Kong-listed) 100 Index and Hang Seng Stock Connect Hong Kong Index, etc.. Sino Biopharm was ranked as one of "Asia's Fab 50 Companies" by Forbes Asia for three consecutive years in 2016, 2017 and 2018.For more information:Strategic Financial Relations LimitedVicky Lee +852 2864 4834 vicky.lee@sprg.com.hkFanny Yuen +852 2864 4853 fanny.yuen@sprg.com.hkMandy Wong +852 2114 4900 mandy.wong@sprg.com.hkWebsite: www.sprg.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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