Hanoi is set to host the 16th Global CSR & ESG Summit and Awards 2024TM on April 25, 2024, at the Novotel Hotel Thai Ha, marking a significant event dedicated to promoting corporate social responsibility (CSR) and environmental, social, and governance (ESG) practices worldwide. Under the theme “Generating Meaningful Impact. Unlocking Value,” the summit aims to foster tangible, sustainable change through innovative strategies and collaborative efforts in the CSR and ESG arenas. The event will feature a comprehensive program, including a pre-summit Integrated Reporting Workshop led by sustainability expert Prof. Geoffrey Williams on April 24, designed to enhance integrated thinking…
Author: Michael Chen
Michael Chen
Based in Hong Kong, Michael Chen is expert in financial reporting, having worked for a business wire agency for at least five years. He currently works full time as Business News Asia’s Hong Kong / China correspondent.
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Adyen, the global financial technology platform of choice for leading businesses, announces that it is powering payments for global hospitality operator Frasers Hospitality in Singapore, Malaysia, Australia, and across Europe. An award-winning brand renowned for its service excellence, Frasers Hospitality understands that continuous innovation is key to providing its guests with memorable stays and in 2021, it introduced frictionless guest experiences across its web, check-in and food and beverage (F&B) powered by Adyen’s single platform offering. Through this partnership, guests arriving at Frasers Hospitality-owned properties can spend less time at reception during check-ins/check outs, and more time enjoying the quiet…
Indonesian digital investment platform Stockbit has teamed up with Fullerton Fund Management Company, a Singapore-based investment specialist, in a strategic partnership. This collaboration is designed to cater to the burgeoning wealth management demands of Indonesian investors. As a joint initiative, Stockbit and Fullerton have acquired PT Ayers Asia Asset Management, an Indonesian asset management firm headquartered in Jakarta. The acquisition paves the way for a united front in creating and distributing superior investment solutions to a broad range of investors, including retail clients, intermediaries, and institutions. CEO and Co-founder of Stockbit, Sigit Kouwagam, expressed gratitude towards the Financial Services Authority…
Cement decarbonization pioneer Fortera has teamed up with the Alliance for Low Carbon Cement and Concrete (ALCCC), ECOS, and ten other inaugural alliance members to advocate for low carbon cement. The ALCCC aims to hasten the decarbonization process in the cement and concrete industries. Its members encompass materials designers, producers, and start-ups specializing in biotechnology, carbon capture, materials technology, and sustainable construction. The ALCCC has released a study, “Fast Tracking Cement Decarbonization,” modeling carbon emissions mitigation scenarios utilizing available solutions. According to the study, by adopting suitable standards, policies, and financing instruments, CO2 emissions could be halved. Fortera’s CEO Ryan…
The Tourism Authority of Thailand (TAT) has unveiled the ‘Amazing Thailand Culinary City’ project, aimed at promoting Thailand as a global gastronomy tourism destination. This initiative aligns with the Thai government’s Bio-Circular-Green (BCG) Economy Model, aiming to fuel development under a creative economy. Chattan Kunjara Na Ayudhya, TAT Deputy Governor for Marketing Communications, expressed the project’s alignment with the BCG Economy Model. “The Amazing Thailand Culinary City project includes the AGFEC components: Agriculture, Gastronomy, Food Safety, Experience, and Creative Entrepreneur,” he said, emphasizing the initiative’s potential to stimulate a circular economy and national development towards economic, social, and environmental sustainability.…
Southeast Asian integrated property developer SM Prime Holdings, Inc. (SM Prime) has listed its Series S, T, and U fixed rate bond at the Philippine Dealing and Exchange Corp. (PDEx) via a virtual ceremony today. Raising over PHP30 billion from a base offer of PHP25 billion, this marks the fifth tranche of SM Prime’s PHP100-billion worth of Debt Securities. The bonds were offered between May 8 and 12, with interest rates ranging from 6.2069% to 6.3275%. “We are very grateful for the trust and support of the investing public, as well as to our bank partners, the PDEx, Philippine Depository…
Unitea, a Miami-based music platform that incentivizes fan engagement with blockchain-authenticated rewards, raised $7M in a funding round. The round was led by 1st Class Guernsey, Chaos Capital, TokenSociety, and Fuel Venture Capital. Unitea aims to strengthen the bond between artists and their fans by offering a platform that fosters meaningful interactions and innovative artist content. The platform’s unique “engage-to-earn” model encourages music fans to share their data, which they can exchange for rewards dubbed “Karma”. This data provides valuable insights for artists and opens up targeted advertising opportunities for brands. CEO Ketan Rahangdale leads the company, which is committed…
Filinvest Land, Inc. (FLI), one of the leading real estate developers in the Philippines, has announced positive financial results for the first quarter of 2023. The company reported a 9% increase in net income attributable to equity holders of the parent, amounting to Php741 million. Furthermore, total consolidated revenues and other income rose by Php386 million or 9% year-on-year, reaching Php4.69 billion, with all major business segments contributing to the growth. FLI President and Chief Executive Officer, Tristan Las Marias, expressed optimism despite challenges posed by high interest rates and inflation. Las Marias highlighted the company’s success in achieving growth…
Global private equity major KKR has announced its increased stake in Seiyu, a leading supermarket chain in Japan, through the purchase of Rakuten’s stake in the company. KKR’s stake in Seiyu will rise from 65% to 85% as a result of the transaction. The collaboration between KKR, Rakuten, and Walmart, Seiyu’s third shareholder, has been instrumental in supporting the growth and development of Seiyu since KKR and Rakuten initially invested in the company in 2021. The partnership has focused on various initiatives to enhance Seiyu’s offerings to customers. These initiatives include the implementation of cashless payment methods such as Rakuten…
Vinamilk, Vietnam’s leading dairy brand, has announced its plans to participate in several trade promotion events, including the Japan Foodex Fair, FHA Singapore Fair, and International SME Fair in Guangzhou, China, following its successful participation in Gulfood Dubai 2023. The company aims to seek new export opportunities and develop new sales channels in existing ones. Despite economic uncertainty, Vinamilk has shown its determination to expand its global reach by actively seeking new export markets. The company has secured a total value of $100 million for its six-month export plan, with 85% coming from the Middle Eastern region, where Vinamilk has…
Globe Stores and Easy Hubs across the country are ready to provide assistance to customers who may need help in registering their SIMs as the April 26, 2023 deadline approaches. Cleo Santos, Head of Globe Channel Marketing Group, said 147 Globe stores and 25 Easy Hubs in various locations around the country are open to mobile and broadband customers who would need help to have their SIMs registered in compliance with the SIM Registration Act. “We are pleased to see a steady increase in registered subscribers. However, we understand that some of our customers may still need assistance. So in…
Twitter is one of the most popular social media platforms. The app has been in the news due to the various changes it has been going through. Ever since Elon Musk took over the app in October 2022, a lot of new features have been introduced on the app. There has also been a substantial change in the company personnel of Twitter. The latest figures show that Twitter currently has fewer employees than in 2012. Additionally, predictions suggest that Twitter might lose 33% of its global users by the end of 2024. However, despite all these predictions, the platform is doing…
Southeast Asia online sales have boomed, bringing with it unique warehousing and logistics challenges. HAI ROBOTICS, the pioneer of Autonomous Case-handling Robot (ACR) systems, has opened its first demo center in Singapore to demonstrate its automated warehousing solutions. Amidst global business expansion with Southeast Asia as one of the crucial markets, HAI ROBOTICS hopes to enhance local service to customers in Singapore, Vietnam, Malaysia, Indonesia,Thailand and other southeast Asian countries. HAI ROBOTICS independently developed its ACR technology in 2015, followed closely by the introduction of its HAIPICK System, the first ACR system in the world. ACR system differs from other…
When it comes to saving money, you want to make sure you are doing it in the best way possible. This means finding a savings account that offers a high interest rate. But how do you know which one is the best for you? It can be tough to compare all of the different accounts out there. That’s why we created this guide! In it, we will discuss 7 key factors to look at when comparing different interest-earning savings accounts. By following these tips, you can find the right account for your needs and start saving money today! 1) Do…
In the world of online gaming, there are a few big hitters that always manage to come up in conversation. Games like League of Legends and DOTA 2 have been around for years, and they continue to be some of the most popular games in the world. However, a new game has been quickly gaining popularity over the past year or so: Mobile Legends. So how does this game make money? And why is it so popular? Let’s take a look. What is Mobile Legends? Mobile Legends is essentially a MOBA (Massive Online Battle Arena), much like Dota 2 or…
Most traffic to digital properties in China does not come through search engines but through social media platforms. One of the factors that drives this is that more than 95% of internet users in China use mobile devices to go online. So, it is mandatory for brands to utilize content and advertising on the major Chinese social media platforms to gain any sort of market share. WeChat WeChat or Weixin in China is the largest of the social media platforms and it goes beyond a simple messaging app with branded landing pages hosted by the platform itself, mini programs, ecommerce…
The jewellery you wear is more than just a piece of decoration. It also signals a lot about your personality and style. When it comes to fashion, trends are constantly changing and generating new ideas that impact the world of clothing and accessories. Sustainability has become a key concern among consumers because of its significant impact on the environment. With the number of big names investing in green initiatives, it’s no surprise that sustainable products are becoming more popular in general. In this article, we’ll take you through 5 reasons why buying sustainable jewellery is good for the environment, and…
The e-commerce industry across the globe experienced massive growth, especially during the past two years, owing to the pandemic. increase in internet penetration and the rise of online shoppers. Along with the e-commerce sector, the logistics sector also came to the forefront with tech advancements to meet the growing demand of the e-commerce sector, which guarantees quick and safe shipment delivery. During the pandemic, the logistics sector to overcome the challenges of massive shipments rose to the occasion with efficient warehousing and timely delivery of the markets. Further, many third-party logistic companies like Ninja Van came to the market to…
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, welcomes the passage of Republic Act (RA) No. 11901 or “The Agriculture, Fisheries, and Rural Development Financing Enhancement Act of 2022” that provides a comprehensive financing framework for the development of the agriculture and fisheries sector and rural communities. “The BSP is committed to the effective implementation of this law, which aims to enhance access of rural communities and agricultural and fisheries households, including their micro, small, and medium enterprises (MSMEs), to much needed financial services and programs,” said BSP Governor Felipe M. Medalla. “The new Agri-Agra and…
With more Filipinos relying on e-commerce to get their essentials, this has also increased the need to protect them due to the growing number of fraudulent activities happening in the digital space. In a Consumer Pulse Survey conducted by TransUnion in February 20221, of the over 1,000 Filipino adults polled, 53% said they were targeted by fraudsters in the previous 3 months. From the same survey, 42% said they were scammed by Phishing, 38% were victimized by money and gift card scams, while 30% were scammed by third-party sellers via online retail shops. While businesses in different industries are continuously…