HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – Cyberport, Hong Kong’s largest FinTech hub, is thrilled to be the FinTech Partner for the prestigious Asian Financial Forum (AFF), being held on 13 and 14 January. This is the ninth consecutive year that Cyberport has held that distinction, and its enduring commitment to this landmark event reflects its pivotal role in advancing Hong Kong’s dynamic financial prowess. Under the theme “Powering the Next Growth Engine“, industry leaders, policymakers, and entrepreneurs from around the world have convened at the AFF to explore emerging drivers and innovative strategies for growth. Cyberport led over 30 start-ups to showcase their cutting-edge FinTech solutions and next-generation ideas to government, finance, and business leaders at the event.
Cyberport led over 30 start-ups to present their innovative FinTech solutions and their next-generation ideas at the AFF
Simon Chan, Chairman of Cyberport, stated in his welcome remarks, “As we embark on our journey to becoming a digital-first financial centre, we must embrace the transformative power of forefront technologies such as AI, and rethink our strategies towards a more sustainable future in the financial sector. With over 430 FinTech companies based at Cyberport, we are uniquely positioned to foster an innovative FinTech ecosystem in Hong Kong. We work closely with the Government and key partners to actively drive the application of innovative technologies in the financial sector. Our commitment to sustainable and innovative technology development is evident in our unwavering support for start-ups that are pioneering solutions in green finance and digital innovation. Together, we will continue to collaborate with various sectors to meet the challenges ahead and collectively build a more inclusive, efficient, and sustainable future for the financial services industry.”
Cyberport co-hosted a thematic workshop titled “Accelerating Financial Innovation: Hong Kong’s Journey Towards a Digital-First Financial Centre“. The workshop highlighted Hong Kong’s strategic initiatives in embracing advanced financial technologies and nurturing an innovative financial ecosystem. The session featured discussions on the Hong Kong Monetary Authority’s Sustainable Finance Action Agenda, which aims to achieve net-zero emissions and catalyse sustainable finance development. FinTech leaders also shared real-world applications of transformative technologies in the financial sector, illustrating how these innovations can be powerful drivers for positive change in the economy.
Additionally, a kick-off ceremony was held for The Green and Sustainable FinTech Proof-of-Concept Funding Support Scheme projects during the event. Launched by the Financial Services and the Treasury Bureau (FSTB) and administrated by Cyberport, this scheme promotes green and sustainable FinTech development in Hong Kong. From over 100 proposals received, 60 projects were selected after an expert review.
On the other hand, a dedicated Cyberport Pavilion was also featured in the event, where eight community members presented various FinTech solutions to address contemporary financial challenges, such as digital assets, RegTech, WealthTech, InsurTech, and ESG/Green Finance. Additionally, dozens of FinTech companies from the Cyberport community showcased their innovative ideas to global investors, partners, and business leaders at the forum. These startups are making significant contributions to the rapidly evolving financial market by providing cutting-edge financial technology.
Playing a vital role in promoting Hong Kong’s FinTech development, Cyberport houses more than 430 FinTech start-ups and technology companies covering digital assets, virtual insurers, virtual banks, electronic payments, and WealthTech. The Cyberport community also includes five FinTech unicorns, namely ZA International, WeLab, TNG, CertiK, and HashKey, as well as three Hong Kong-licensed virtual asset trading platforms: HashKey, HKVAX and HKbitEX.
The issuer is solely responsible for the content of this announcement.
HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the nine months ended 31 December 2024.
The Group’s sales for the nine months ended 31 December 2024 were US$2,730 million compared to US$2,871 million for the same period in the previous financial year, a decrease of 5%. Exchange rate movements had an unfavourable impact of US$11 million on the Group’s sales during the period.
Sales of Automotive Products Group (“APG”)
APG’s sales for the nine months ended 31 December 2024 were US$2,314 million, a decrease of US$108 million compared to the same period in financial year 23/24. Excluding currency effects, APG’s sales decreased by US$97 million or 4%.
The division’s sales changes by region, excluding currency effects, were as follows:
Nine monthsended 31 December 2024
Asia-Pacific
2%
Decrease
Europe, Middle East and Africa
5%
Decrease
Americas
5%
Decrease
Total
4%
Decrease
In Asia-Pacific, sales decreased by 2% while light vehicle production in the region declined by 1%. The drop in light vehicle production, coupled with a less favourable customer mix, led to lower sales of products for closure and braking, and powder metal components. However, this was largely offset by increased sales of oil pumps and products for steering. In Europe, the Middle East and Africa (“EMEA”), sales decreased by 5% compared to a 7% decline in light vehicle production in the region. Sales of oil pumps and products for vision, thermal management and steering decreased, reflecting the drop in light vehicle production. This decline was partially offset by increased sales of products for seats and transmissions. In the Americas, sales decreased by 5% while light vehicle production declined by 1%. Sales of products for thermal management and seat applications as well as powder metal components decreased due to weak demand from certain customers, and some programs reaching end of life. This decline was partially offset by increased sales of products for steering, transmission and closure applications.
Sales of Industry Products Group (“IPG”)
IPG’s sales for the nine months ended 31 December 2024 were US$416 million, a decrease of US$33 million or 7% compared to the same period in the previous financial year. Currency effects were negligible.
IPG’s end markets remained weak as the business continued to face headwinds driven by consumer caution in discretionary spending and a growing preference for affordable options from value-oriented brands. This shift has increased price competition in certain IPG product segments, where commoditization has led to cost taking precedence over functionality and reliability in purchasing decisions.
The sales changes for IPG by region, excluding currency effects, were as follows:
Nine monthsended 31 December 2024
Asia-Pacific
9%
Increase
Europe, Middle East and Africa
12%
Decrease
Americas
15%
Decrease
Total
7%
Decrease
In the Asia-Pacific region, sales increased mainly because key customers placed replenishment orders after the depletion of prior inventory surpluses, as well as due to some new business wins. However, this growth was more than offset by a decline in sales in the EMEA and Americas regions, attributed to the previously noted soft end market demand.
Chairman’s Comments on Sales Performance and Outlook
Commenting on the Group’s sales performance and near-term outlook, Dr. Patrick Shui-Chung Wang, Chairman and Chief Executive, said: “Johnson Electric’s sales for the financial year to date have been negatively impacted by lacklustre global light vehicle production volumes and soft consumer demand and price competition in several other manufactured product segments. There is an exceptionally high level of uncertainty concerning the macroeconomic environment that is weighing on consumer sentiment and has led to several customers deferring plans for new product launches.
“Looking ahead, the fourth-quarter sales trajectory remains influenced by the macroeconomic challenges experienced in the previous quarters of the year, compounded by the effects of the Chinese Lunar New Year holidays. Consequently, we presently anticipate Group sales for the full year to be a mid-single-digit percentage lower than the level achieved in the prior year.”
Dr. Wang added: “In view of the uncertainty concerning the prospects for global trade and investment in the year ahead, management is focused on tight cost control and maintaining the Group’s conservative balance sheet profile.”
Cautionary Statement
Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.
Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.
Hashtag: #JohnsonElectric
The issuer is solely responsible for the content of this announcement.
HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – Chinese New Year is almost here, and what better way to embrace new beginnings than with a fresh new look. 7-Eleven is thrilled to unveil its first surprise collaboration of the year, designed to help you welcome the Lunar New Year in style! We’ve teamed up with two beloved Japanese icons, Peko-chan from Fujiya and Sho-chan, for a truly special collection. Together, they’ve created a series of 8 trendy Denim Style Bags with eye-catching designs, each with a unique style to suit your needs and any occasion. Refresh your look for the New Year and usher in good fortune and joy!
This collection of 8 Denim Style Bags features a striking red and blue colour scheme accented with Japanese-inspired patterns, offering a fantastic blend of fashion and function. The adorable Peko-chan and Sho-chan have captured the hearts of many, and their pairing in this collection symbolises “good luck and happiness”, wishing everyone a New Year filled with blessings and joy.
The complete set of 8 Denim Style Bags will be available in 7-Eleven stores from 7am on 15 January. Don’t miss out – collect them all and let Peko-chan and Sho-chan celebrate the New Year with you!
8 Denim Style Bags: Fresh Styles for a Festive New Year Embracing the spirit of “New Year, New Beginnings”, 7-Eleven is bringing a fresh perspective to product design. This first-ever collaboration with the popular characters Peko-chan and Sho-chan introduces a fun and stylish collection of 8Denim Style Bags. All 8 bags feature a denim print with a vibrant red and blue colour scheme.
The designs incorporate the super cute faces of Peko-chan and Sho-chan alongside eye-catching Japanese-inspired patterns like peach blossoms and fireworks, as well as New Year’s greetings. These elements perfectly capture the adorable charm of Peko-chan and Sho-chan while adding to the festive atmosphere. Each bag has a distinct and stylish design with high practicality, perfect for various needs and occasions. Whether it’s for your daily commute, school, New Year shopping, or visiting relatives, these bags will elevate your New Year style, symbolising good fortune and happiness throughout the year!
“Denim Style Bag” Product Details:
The Japan-Style Shoulder Tote features a denim print in a deep blue hue. It features the cheerful faces of Peko-chan and the adorable Sho-chan, complemented by Japanese-inspired mountain and peach blossom motifs.
The Big Blessings Sling Bag also features a denim print together with the cute faces of Peko-chan and Sho-chan. Adding to the festive cheer are peach blossoms, fireworks, and the auspicious Chinese character for “luck” (吉).
Both bags feature a pocket on the front, adding a touch of casual cool to the simple design. The elongated shape and convenient shoulder strap make them perfect for carrying notebooks, A4 folders and even your laptop. The durable padded material ensures your belongings are well protected, whether you’re heading to work or school.
Dimensions: Approx. 33cm wide x 37cm high Shoulder Strap: Adjustable up to 98cm long
The playful Chill Vibes Crossbody bag is made from a material with a denim print and textured padded cotton, featuring a fun and quirky print of Peko-chan and Sho-chan.
This elongated Festive Fortune Bag is crafted from a material with denim print and features the adorable faces of Peko-chan and Sho-chan alongside the Chinese character for “spring” (春) and delicate peach blossoms. It’s a perfect blend of Japanese minimalism and festive cheer!
Both crossbody bags feature a two-compartment design for easy organisation. The front zippered pocket is perfect for smaller items like coins, tissues, hand sanitiser, lipstick and your Octopus card. The back magnetic closure pocket is ideal for your phone and a small wallet. These versatile bags are like portable treasure troves, perfect for carrying all your essentials, especially when you’re out and about collecting red envelopes during the New Year!
Chill Vibes Crossbody Dimensions: Approx. 22cm wide x 17cm high Shoulder Strap: Approx. 120cm long (adjustable)
Festive Fortune Bag Dimensions: Approx. 14cm wide x 21cm high Shoulder Strap: Approx. 120cm long (adjustable)
The eye-catching Big Blessings Eco Tote features an adorable design with Peko-chan and Sho-chan interwoven with peach blossoms, fireworks, and the auspicious Chinese character for “luck” (吉) – all set against a vibrant deep blue background.
The Creamy Eco Tote features a unique pattern of Peko-chan, Sho-chan, peach blossoms and fireworks against a creamy, milk-white background. The simple design exudes a fresh and charming aesthetic, highlighting the adorable similarities between Peko-chan and Sho-chan.
Both eco-friendly tote bags are incredibly spacious and made from a durable material, with comfortable shoulder straps for easy carrying. They’re perfect for all your New Year shopping needs, even those bulky gift boxes! When you’re not using them, simply fold them up and store them in their own convenient pouches, so you can take them anywhere.
Dimensions (for both bags): Approx. 45cm wide x 35cm high
Happy Half Moon Bag Remember the half-moon bag trend? Well, it’s back with a playful new twist! This stylish pouch is made from fabric with a denim design and subtle Japanese wave pattern for a cool and minimalist vibe. But look closely, and you’ll find the adorable faces of Peko-chan and Sho-chan hidden within the waves!
This unique design is perfect for any occasion. The spacious interior and wide opening make it easy to access your essentials, like your phone, wallet, camera or portable charger.
Dimensions: Approx. 29cm wide x 16.5cm high Shoulder Strap: Approx. 114cm long (adjustable)
Subtle Style Pouch This stylish pouch features a unique and understated pattern of Peko-chan, Sho-chan, peach blossoms and fireworks printed on fabric with a denim design. The spacious interior and durable material make it ideal for storing cosmetics, cameras and other travel essentials. A must-have for any fashion-forward traveller!
Dimensions: Approx. 29cm x 16cm
CAUTION:
We are not responsible for any damage caused by improper use.
This product is not a toy. Not suitable for children under 4 years of age.
This product contains cords that may pose a potential strangulation hazard. Adult supervision is required for children.
USE & CARE:
Keep away from fire and heat to avoid fire hazard or damage.
Do not use a dryer or hot air blower to avoid damage.
Ensure the product is completely dry before storing, and store in a cool, dry place.
Slight colour variations in the pattern are normal.
Hand wash only, do not dry clean.
Do not use bleach.
Do not tumble dry or iron.
“Denim Style Bag” Promotion Details:
How to Collect Physical Stamps and Digital FunStamps:
From 15 January (7am onwards) to 25 February 2025, customers can earn 1 physical stamp or digital FunStamp with a single purchase of $20# or more at 7-Eleven stores* or online. For every additional $10 spent, you’ll receive another stamp. To collect FunStamps with online purchases, customers must download the 7-Eleven app, register as a member, and link their yuu Account. For in-store purchases, customers need to either have their yuu ID scanned by the cashier before payment or pay with a linked Octopus or Hang Seng enJoy card. Stamps are awarded based on single transactions; split transactions are not allowed. Digital and physical stamps cannot be exchanged or combined for redemption.
“Denim Style Bag” Redemption Details:
FunStamps: From 15 January (7am onwards) to 28 February 2025, you have a few options to redeem your Denim Style Bag with FunStamps! Collect 20 FunStamps and add $1 to redeem 1 random “Denim Style Bag” (limited to 50,000 redemptions, while stocks last). Or, collect 5 FunStamps and add $48 to redeem 1 random bag, or 8 FunStamps and add $88 to redeem 2 random bags.
Physical Stamps: From 15 January (7am onwards) to 28 February 2025, collect 8 physical stamps and add $48 to redeem 1 “Denim Style Bag” at random, or collect 12 physical stamps and add $88 to redeem 2 bags at random.
All bags are pre-packaged and redeemed randomly; customers cannot choose specific styles. Stock availability is limited and may vary by store. Each customer can redeem a maximum of 20 bags per day. For larger quantities, please ask our staff about placing an order. Images are for reference only; actual product sizes may vary.
yuu Member Exclusive Offer
Promotion Period: From 15 January to 25 February 2025. Redemption Period: From 15 January (7am) to 28 February 2025. Redeem 1 “Denim Style Bag” at random with 8,800 yuu Points + $18.
Hashtag: #7ElevenHK
The issuer is solely responsible for the content of this announcement.
HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – As technology rapidly evolves, the number and complexity of cyberattacks have increased significantly. To enhance the response capabilities of its cybersecurity team in addressing various threats, DYXnet, a leading enterprise network service provider in Greater China, organized the “DYXnet Cyber Defense Exercise Competition 2025” yesterday (January 14), marking the company’s first cross-regional simulated attack and defense exercise. This event brought together cybersecurity elites from offices in mainland China, Hong Kong, and Taiwan, forming multiple “blue teams” tasked with defending against attacks from a “red team” led by DYXnet Hong Kong’s cybersecurity experts. The exercise provided DYXnet’s security team with invaluable experience, strengthening the overall incident response capabilities of its Security Operations Center (SOC) and enhancing the protection of clients’ networks and digital assets.
“DYXnet Cyber Defense Exercise Competition 2025” brought together cybersecurity elites from DYXnet’s teams in mainland China, Hong Kong, and Taiwan.
Training Cybersecurity Talent with Simulated Real-World Cyber Attacks The simulated attack and defense exercise, also known as the purple team exercise, was organized by cybersecurity experts from DYXnet’s product and pre-sales departments. They created a simulated enterprise network within One Cloud Director’s controlled environment, acted as the red team attackers, and exploited the latest vulnerabilities and weaknesses. Meanwhile, eight defending blue teams, consisting of members from DYXnet’s SOC, Network Operations Center (NOC), and Quality and Service Management (QSM) departments, participated online. These teams developed defense strategies and employed techniques to detect incidents and respond promptly.
The simulated attacks included data breaches, suspicious internal communications, OWASP, enterprise application vulnerabilities, DDoS, and phishing emails. These scenarios tested the teams’ abilities in alert investigation, incident assessment, and response. The blue teams raced against time to solve the attack scenarios, requiring professional knowledge and familiarity with defensive measures, tools, and configurations to adapt to dynamic attack patterns. After three hours of intense competition, the team that responded most accurately and quickly was awarded the championship.
Joe Sze, the Director of Product and Services Management at DYXnet, stated, “Due to the increasing severity of cybersecurity threats, Hong Kong is considering new legislation for the ‘Protection of Critical Infrastructures (Computer Systems) Bill.’ This law will require critical infrastructure operators to implement measures safeguarding their computer information systems and enhancing overall security in Hong Kong. As a key player in the industry and a provider of cybersecurity services, DYXnet is dedicated to maintaining exceptional defense capabilities. We prioritize the training of cybersecurity professionals and consider purple team exercises essential training practices. These exercises allow our teams to engage in real-world scenarios, understand the latest attack trends and advanced persistent threats, and improve their response capabilities and teamwork. Ultimately, this enhances our overall cybersecurity posture.”
DYXnet’s cybersecurity team in Hong Kong won second place in the Fortinet’s “Cyber Attack and Defense Competition 2024”
Gaining Recognition for Professional Expertise in Industry Competitions In the face of ever-evolving cyber threats, DYXnet is committed to staying ahead and providing clients with the most professional and reliable services. The cybersecurity team keeps up with the latest attack trends, conducts regular exercises, and actively participates in industry competitions, earning notable accolades.
At “The Cyber Attack and Defense Competition 2024” hosted by the global cybersecurity leader Fortinet last year, DYXnet distinguished itself among twelve competing teams from service providers in Hong Kong, achieving second place. The DYXnet team comprised four members: a cybersecurity consultant, a product manager, and two engineers. Each member focused on identifying vulnerabilities, formulating security strategies, assessing incidents, and executing technical solutions. Their extensive experience in daily operations enabled them to respond swiftly to various types of attacks during the competition. This achievement serves as a testament to the team’s capabilities and expertise.
Joe Sze noted, “The purple team exercises emphasize teamwork and time management, as real security incidents often require racing against the clock. DYXnet’s Managed Detection and Response (MDR) service provides enterprises with professional support, ensuring that our SOC team 24×7 monitors and responds promptly, maintaining clients’ business operations and minimizing impacts during security incidents.”
As DYXnet continues to enhance its cybersecurity offerings, the company remains dedicated to providing comprehensive cybersecurity solutions and managed services, including Secured SD-WAN, MDR, SASE, CloudShield, dark web monitoring, penetration testing, and vulnerability scanning, to meet the evolving needs of businesses.
HONG KONG SAR – Media OutReach Newswire – 15 January 2025 – Pioneer Asset Management Limited (“Pioneer“), a subsidiary of Tykhe Capital Group Limited (the “Group” or “Tykhe Capital“), a leading Real-World Asset (RWA) and Security Token Offering (STO) innovator in the APAC region, announces the launch of Hong Kong’s first tokenized USD money market fund (TMF Token) (the “Fund“, TMF). This flagship product marks the Group’s fourth venture into RWA/STO projects, following its initiatives in real estate, private debt, and AI (Artificial Intelligence). It is also the Group’s first flagship product launched after the Securities and Futures Commission (SFC) of Hong Kong granted HKbitEX a license for operating a Virtual Asset Trading Platform (VATP).
Democratizing Access to Institutional-grade USD Money Market Fund The Fund is structured as an open-ended tokenized fund, investing in institutional-grade USD-denominated instruments with relatively high and stable yields. The process of tokenization revolutionizes access to finance by making a premium product once reserved for institutional clients now accessible to a wider range of investors. Key features include:
Accessible Entry Point: The minimum initial investment for the Fund is US$5,000, making a high-yield product once exclusive to institutions, now accessible to a wider range of professional investors.
Regulatory Compliance: Designed in strict adherence to SFC guidelines, ensuring a secure and trustworthy investment framework.
First of Its Kind in Hong Kong: As the city’s first tokenized MMF, this product sets a new standard in regulated financial innovation.
Future-Forward Adaptability: Pending SFC approval, the fund plans to accept stablecoins like USDT and USDC for subscriptions and redemptions, further enhancing accessibility and operational efficiency for investors.
Secondary Market: Backed by the Group’s exchange, which just secured Type 1, 7, and AMLO licenses, the tokenized MMF can be traded on the platform, providing higher liquidity and flexibility for investors upon SFC approval.
A Flagship Milestone “The launch of our tokenized MMF marks a new era for the financial landscape in Hong Kong,” said LUO Xinghua, Director of the Pioneer. “As the first of its kind in the city, this product not only exemplifies our commitment to innovation but also solidifies Hong Kong’s position as a global leader in Web3 and digital finance.”
The Fund’s debut reflects the Group’s ongoing commitment to fostering innovation and delivering superior financial solutions. As the first product launched after the Group obtained its VATP license, the MMF underscores the robustness of the Group’s regulatory compliance and its focus on creating secure investment opportunities for its clients.
https://www.tykhecapital.com/about https://www.linkedin.com/company/tykhegroup/ Wechat: Tykhe Capital
Kiwi banks and their overseas parent companies need to follow the lead of America’s six biggest banks and urgently withdraw from the Net Zero Banking Alliance, Federated Farmers say.
Since the start of December, heavyweights JP Morgan, Citigroup, Bank of America, Morgan Stanley, Wells Fargo and Goldman Sachs have all exited the UN-backed banking alliance.
“These big US banks have seen that their involvement in the Net Zero Banking Alliance is about to come under huge scrutiny,” says Federated Farmers banking spokesperson Richard McIntyre.
“They’re leaving in droves because of lawsuits for anti-competitive behaviour within the banking sector and growing political pressure.
“Federated Farmers are now calling on our banks to do the same. They need to do the right thing and withdraw from the Net Zero Banking Alliance – and fast.”
In December, Federated Farmers lodged a formal complaint to the Commerce Commission, requesting an urgent investigation into the lending practices of New Zealand banks.
The complaint relates to potentially anti-competitive, coordinated, cartel-like behaviour from the banks, driven by their involvement in the international Net Zero Banking Alliance.
The Net Zero Banking Alliance is an international group committed to aligning their lending, investment, and capital markets activities with net-zero greenhouse gas emissions by 2050.
McIntyre says with five major banks dominating 97.3% of the agricultural lending market in New Zealand, Kiwi farmers should be asking serious questions of their bank managers.
“All five of those banks are either directly members of the Net Zero Banking Alliance or are indirectly affiliated through their parent companies: BNZ, ANZ, ASB, Westpac, and Rabobank.
“Federated Farmers have some very serious concerns about the potential alignment of lending policies and anti-competitive cartel-like behaviour to the detriment of farmers.
“We think this issue deserves some real scrutiny from the Commerce Commission, but also from the banking inquiry currently before Parliament.
“Most of the banking chairs and chief executives have already appeared before the Select Committee, but I think they should be hauled back in to answer some more questions.”
BNZ is a direct member of the Net Zero Banking Alliance, having joined in 2021. Westpac, ANZ, ASB, and Rabobank are all affiliated with the alliance through their offshore parent companies.
The banks reference their Net Zero Banking Alliance obligations in their various sustainability reports and internal banking policies for who they will, or won’t, provide lending to.
Several of the banks have already started putting in place targets for various sectors, including reductions in financed agricultural emissions by 2030.
“Most of these banks are starting to set emissions reduction targets for farmers that look remarkably similar, and that’s a major red flag for us,” McIntyre says.
“That’s why we’re starting to raise serious questions about potential anti-competitive behaviour and collusion that removes choices for farmers.
“There is also a sovereignty issue here where we effectively have a group of foreign-owned banks coordinating and acting as pseudo-regulators for the New Zealand economy.
“These banks are collectively setting emissions reduction targets for farmers that go much further than the targets set by our democratically elected Government.”
McIntyre says he’s also increasingly concerned about what will happen to farmers if they’re not able to meet banks’ emission reduction targets by 2030.
“Will we effectively be de-banked and unable to access the capital we need to run our businesses, like we’re starting to see happen with petrol stations?
“Given the significance of farming and agricultural exports to the economy, this should be something that concerns all New Zealanders.”
Firefighters will continue their efforts to extinguish areas of deep seated burning on the Black Jack fireground near Kuaotunu on the Coromandel Peninsula today.
Last night Fire and Emergency NZ’s drone team identified a further 14 hotspots using thermal imaging, and these will be targeted by ground crews today, with the support of a helicopter and monsoon bucket.
Incident Controller Shane Bromley said the areas where crews will work are on terrain that is difficult to reach.
Black Jack Road will be closed all day, with access for residents and essential traffic for 15 minutes every hour, on the hour.
Airbnb is launching a summer safety campaign alongside key partners as part of efforts to boost awareness of sustainable tourism and help visitors enjoy the wonders of New Zealand safely.
As part of Airbnb’s Tiaki Promise, we are partnering with Mountain Safety Council, Surf Life Saving New Zealand (SLSNZ) and Drowning Prevention Aotearoa, to hold a series of workshops throughout February to raise awareness about Tiaki as well as provide them with vital summer safety messages for their guests.
Airbnb has updated its Tiaki Promise website with ‘Local Safety Information’ including tips for how to be safe in the mountains and on the water for both guests and hosts.
Susan Wheeldon, Airbnb Country Manager for New Zealand said, “We are expanding our efforts to help more people stay safe and make a positive contribution to communities throughout Aotearoa as part of our Tiaki Promise.
“Tourism is not just simply travel; it’s a thriving ecosystem that supports economies, cultures, and communities and we all have a responsibility to preserve the unique and amazing destinations on offer throughout New Zealand for future generations.
“As an integral part of the New Zealand tourism industry, Airbnb is proud of its commitment to help our hosts and guests protect the beauty of Aotearoa, as well as making a positive contribution to local communities.”
Mountain Safety Council Chief Executive Mike Daisley said, “We’re pleased to be collaborating with Airbnb to help visitors to Aotearoa enjoy the outdoors safely. By providing key safety information and advice to Airbnb guests and hosts, we hope everyone planning to explore New Zealand’s great outdoors, whether for a short walk or more challenging hike, will know how to be well-prepared and have a safe and enjoyable experience.
“Hosts play a key role in sharing safety information with their guests which helps to reinforce the important messages and contributes to a strong community who looks out for each other.”
Together with Tiaki, Airbnb has developed a set of principles so guests can help protect and enrich the incredible environment and ecosystem that exists in New Zealand, and in return enjoy a much deeper and conscientious experience themselves.
– Show respect – care for NZ like it’s home, say Kia Ora to the locals, travel with an open heart and mind.
– Keep NZ clean – dispose of waste responsibly, pack lightly and leave no trace, pack a reusable bag and bottle.
– Protect nature – give wildlife space, clean your gear between outdoor areas, care for land, sea and nature.
– Be prepared – dial 111 in an emergency, be aware of local safety information, plan ahead and check the weather.
– Drive carefully – know the rules of the road, keep left, take your time and enjoy the journey.
Airbnb is committed to educating our hosts and guests through various channels and initiatives as we work to encourage all visitors to New Zealand to take the Tiaki Promise and care for Aotearoa like it’s their home so future travellers can enjoy everything the country has to offer.
ABBANK accelerates customer-centricity for business owners through platform innovation
HANOI, VIETNAM – Media OutReach Newswire – 15 January 2025 – Backbase, the pioneer in Engagement Banking, has announced that its customer, An Binh Commercial Joint Stock Bank (ABBANK), has successfully launched a new business digital banking platform – ABBANK Business, marking a pivotal step in ABBANK’s commitment to supporting all enterprise segments, enhancing customer-centric digital experiences across Vietnam. With this launch, ABBANK provides business owners with enterprise-grade technology and digital banking capabilities through the Backbase Engagement Banking Platform, leveling the playing field and delivering a seamless, secure platform for business growth and financial management.
This platform adoption represents one of ABBANK’s bold moves in the digital space, simplifying banking for SMEs and entrepreneurs through a fast, secure, app-based service. ABBANK Business delivers three core business values: superior management, fast and secure functionality, and a seamless user experience. Key features for the launch phase include customizable account numbers, quick bill payments for utilities, international money transfers, and a dashboard that provides an easy overview of assets, interest rate updates, and recent transaction information. With the agile working model, the advanced features are under developed in parallel for the optimal customer experience.
Transforming Banking Efficiency and Accessibility for SMEs
The new platform launch follows a seamless three-month migration, during which ABBANK transitioned 100% of its existing business banking clients to the new platform without disruption. Now, 88% of these most active customers use the app as their primary banking channel. Building on Backbase’s Engagement Banking Platform, the app offers SMEs a streamlined, user-friendly experience tailored to the unique demands of business banking.
Building Digital Expertise for Sustainable Growth
Over the last one-year ABBANK has attracted hundreds of talents in technology & data for the digital transformation drive.
“ABBANK Business is a strong testament to our customer centricity strategy, building solutions from insights to meet corporate clients’ needs. The new application makes banking easy, safe and convenient for our clients while enhancing ABBANK’s efficiency and enabling us to achieve transformative SME digital banking goals. Backbase platform, on which ABBANK Business is built, provides such robust architecture we need to deliver for our clients,” said Pham Duy Hieu, CEO, ABBANK.
ABBANK Digital & Data is organized around four strategic pillars – Customer Experience, Data, Technology, and Agile to differentiate ABBANK’s services and enable rapid go-to-market which adapts to evolving customer needs, enhancing the digital experience for SMEs.
“ABBANK’s digital transformation is driven by its collaborative development approach and adaptability. By adopting an anchor platform and establishing a Center of Excellence with in-house expertise, ABBANK has laid the groundwork for successful, sustained digital transformation. Their efforts were recognized with the Excellence in Customer Experience Optimization Award at our annual Customer Engagement Awards in October last year – a well-deserved achievement,” said Riddhi Dutta, Regional Vice President, Asia, Backbase.
Supporting ABBANK’s Vision of Empowering SMEs
ABBANK’s mission is to foster Vietnam’s economic growth by empowering SMEs with essential tools for success. By launching ABBANK Business on Backbase’s platform, ABBANK aims to extend its impact among SMEs and entrepreneurs who prioritize digital convenience and robust financial support. With this milestone, ABBANK reinforces its role as a trusted financial partner for businesses and entrepreneurs in Vietnam, supporting them with the innovation, security, and service levels essential for success in a digital-first world.
SINGAPORE – Media OutReach Newswire – 15 January 2025 – Global management consultancy Kearney has appointed Varun Arora as its new Managing Partner for Southeast Asia, effective 1 January 2025, as the firm continues to accelerate growth across the region. Mr Arora succeeds Nithin Chandra, who has led the unit since 2022.
Varun Arora, Managing Partner for Southeast Asia
Based in Singapore, Mr Arora will oversee Kearney’s Southeast Asia operations, which span key markets including Singapore, Indonesia, Malaysia, the Philippines, and Thailand. In his new role, he will be responsible for driving client impact, expanding market opportunities, and nurturing the next generation of consulting talent across the region.
The Southeast Asia unit, which Kearney established in 1990 with its entry into Singapore, supports clients across a wide spectrum of industries. These include technology, telecommunications, consumer goods, retail, healthcare, financial services, energy, automotive, transportation, and process industries.
A Kearney Original with over 17 years at the firm, Mr Arora brings extensive experience in strategic growth and digital transformation. He most recently led the firm’s Communications, Media, and Technology (CMT) practice in Southeast Asia – the largest practice in the Southeast Asian unit – as well as Kearney’s growing Digital & Analytics practice at the Asia-Pacific level. Mr Arora has a proven track record of delivering results for clients across various markets and cultures in Southeast Asia, and growing high-performance teams.
Commenting on the appointment, Shigeru Sekinada, Region Chair of Asia Pacific, said, “I am delighted to welcome Varun as the next leader of our Southeast Asia unit. With his deep expertise, collaborative leadership style, and vision for growth, I am confident that he will continue to propel Kearney’s success in this dynamic region by promoting a purpose-driven culture focused on enhancing societal well-being. Southeast Asia remains a cornerstone of our Asia-Pacific growth strategy, and Varun’s leadership will ensure we continue to deliver exceptional results for our clients and our people.”
Reflecting on his new role, Varun Arora, Managing Partner for Southeast Asia,said, “Southeast Asia is brimming with potential, driven by its diverse workforce, vast innovation capabilities, and growing economy. I am excited to lead Kearney’s efforts in this vibrant region and look forward to collaborating with our clients and the team to unlock growth opportunities and deliver meaningful impact for businesses and communities.”
Mr Arora’s appointment follows an exceptional tenure by Nithin Chandra, during which the Southeast Asia unit achieved record performance and expanded its presence in new markets. Under Mr Chandra’s leadership, Kearney opened its Philippines office in Manila in 2022, and expanded its Bangkok office in Thailand in 2024 as part of the firm’s next stage of growth in Southeast Asia. Mr Chandra will continue to play an integral role at Kearney, focusing on strategic initiatives and client growth.
This appointment also comes as part of regular leadership rotations in Kearney’s Asia Pacific office, alongside the appointment of Siddharth Jain as the Managing Partner and Country Head for India, effective 1 January 2025.
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