also – PressAP

SeaPRwire

China Box, a Completely New Watch-to-Earn NFTs Project Is Officially Launched

January 4, 2023

A non-profit project with the ultimate goal of becoming the largest digital gallery to showcase all amazing aspects of China, the country with the longest continuous history in the world New York, NY, January 04, 2023 – (SEAPRWire) – NFTs have taken over the internet. No one, from businesses to brands and celebrities, can deny onboarding the NFT bandwagon. Unlike any new NFT projects that are spawned into the market every other day, China Box chooses a completely different approach as it is dedicated to honor Chinese culture and aim to become the largest digital gallery to showcase all amazing aspects of the country with the longest continuous history in the world. China Box positions itself as a videoverse where users can watch spectacular Chinese stories and collect randomly dropped virtual items along the way. The rule of the game is very simple, like other watch-to-earn projects, the more time users spend enjoying the provided videos, the more chance they will have to receive free and exclusively designed NFTs. Product Manager of China Box excitedly commented on the launch: “As we enter a new digital era powered by blockchain, China Box sees our mission of utilizing this modern technology not only to introduce all the wonderful and amazing aspects of China to the world but also to truly incentivize people to deep dive into the stories about the country’s history, traditions and customs, latest developments, and promising future. This is the core value of our project, and it is also the key competitive advantage of China Box in the sea of watch-to-earn and NFT projects out there.“ China Box aims to give users the best experiences in their journey to explore the beauty of China. With a very user-friendly interface and easy-to-understand features, China Box’s current videoverse includes five key sections to deliver a comprehensive picture of the country: Cuisine (“Taste of China”), Technology Development (“Technology”), People (“1.4 billion”), Traditional Martial Arts (“Kung Fu”) and of course, Landscape (“Nature”). Each section consists of dozens of short-to-medium-length jaw-dropping videos which have been carefully selected. Transforming into a customizable panda warrior, users will have the chance to explore all these sections, and completely immerse into a magical Chinese-inspired virtual world. “We treat each user as a valuable ambassador of not only the project itself but also the beauty of China. Therefore, in the upcoming months, to maximize users’ experience and build a strong loyal community, China Box will keep delivering more informative videos at the highest quality; at the same time, more unique NFTs that you cannot find anywhere else will also be introduced.” Product Manager said. In 2023, besides enriching its videoverse, China Box also has a clear roadmap of introducing new features allowing users to mint NFTs, as well as NFT airdrops. China Box is another typical example of the integration between technology, artistic and cultural heritage, where blockchain and its application can play a vital role in promoting local cultural prosperity and economic development. Visit https://www.videostory.com/chinabox/ to take a look at this Chinese-inspired virtual world. Keep an eye on China Box’s twitter account to get all the latest updates: https://twitter.com/ChinaBox2022 Media Contact Brand: China Box Contact: Media team Website: https://www.videostory.com/chinabox/ SOURCE: China Box 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)

JCN Newswire

DENSO Holds Annual Dialog Day, Delivers Company Direction Update

December 16, 2022

KARIYA, JAPAN, Dec 16, 2022 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, has hosted its annual Dialog Day on December 15th. Aiming to enhance its concepts "Green" and "Peace of Mind" to realize what the company calls a "well-being cycle society," DENSO has announced its sustainability management strategy that contributes to a sustainable society, its corporate value improvement strategy to strengthen the corporate foundation which supports the creation of values, and "The Five Flows," which is DENSO's unique approach to the "2035 Vision.""Over the past 10 years, DENSO has allocated a total of approximately 8 trillion yen in research and development and capital expenditures for future investments. DENSO has also been investing in human resources, which can be seen through the large increase of employees worldwide, from 130,000 to 170,000. As a result, the company expects to reach a new record in sales and operating income. On the other hand, as global environmental issues, food shortages, and resource shortages become more serious, we often ask ourselves, "what more can we do to contribute to people's well-being?" said Koji Arima, President, and CEO of DENSO Corporation. "To date, DENSO has been striving to create a 'cycle of well-being' by growing and developing together with everyone in the automotive industry. As part of our efforts to expand this cycle of well-being from mobility to broader society, we have focused on "The Five Flows," which are: Free Movement of People, Flow of Goods, Energy Utilization, Minimization of Resource Requirements, and Flow of Data. DENSO will work to realize a "well-being cycle society" in which happiness can circulate more widely by interconnecting and integrally controlling "The Five Flows." Furthermore, DENSO will make future investments of 10 trillion yen over the next 10 years. As top management, I will seek partners who share our '2035 Vision' while enhancing our ability to achieve it."Technological Developments towards the World in 2035To realize a recycling-oriented society that never stops social activities and responds to diverse values and well-being, DENSO will work on "The Five Flows."Initiatives for the Free Movement of People and the Flow of Goods for Safe and Valuable Mobility- Free Movement of PeopleAiming to eliminate fatalities from traffic accidents, DENSO will expand the scope of support to include everyday driving. DENSO has developed algorithms that support safe driving by integrating not only the vehicle's surroundings, but also the driver's condition, skills, and driving tendencies. This will realize a higher level of safety. In addition, to realize mobility that responds to diverse values, DENSO will develop an electronic platform that updates vehicle functions following the values sought by individuals.- Flow of GoodsTo solve social issues such as driver shortages and increased cargo volumes, DENSO intends to realize a logistics system that combines automated driving and advanced operating systems. The advanced operating system will embark on efforts to eliminate long-hour operations and empty cargo on return trips in trunk routes, and eventually utilize quantum computing to optimize teams, goods, and time in logistics as a whole.Initiatives for Energy Utilization and Minimization of Resource Requirements for Eco-Friendly Monozukuri- Energy UtilizationDENSO will build an energy circulation system that combines various types of energy such as electricity, hydrogen, and fuels, aiming to realize carbon neutrality in monozukuri, or the art of making things. In addition, DENSO has started demonstrating this system at its factory and will expand it to other industries and regions.- Minimization of Resource RequirementsTo sustainably manufacture products with limited resources and minimize environmental impacts, DENSO will build an ecosystem for car manufacturing in which car resources are recycled in cooperation with various partners and industries, enabling the collection of discarded products and their reintroduction as recycled products. DENSO will progress with the development of new disassembly methods and materials to achieve low-cost, high-efficiency recycling.Initiatives to Join Flows Together to Maximize Value- Flow of DataWe will build a standard data platform that connects supply chains with data and apply it to battery traceability systems for electric vehicles. DENSO will also provide new values by connecting all data generated from "The Five Flows" in the lifecycle of mobility. Furthermore, DENSO will realize a world where new cars are reborn from old cars.- Strategies for Enhancing Corporate ValueThrough the initiatives of Green and Peace of Mind, DENSO will promote sustainability management that leads to solutions to social issues, and work on financial strategies to improve Return on Equity (ROE) to achieve business growth.Promoting Sustainability Management- The Progress of Green and Peace of Mind StrategiesDENSO is making steady progress in efforts to maximize the values of Green and Peace of Mind. In order to achieve carbon neutrality by 2035, DENSO has achieved sales of 550 billion yen in the electrification field, and has been improving the cumulative number of inverters produced, and is working to develop technologies to recycle and repurpose CO2. In addition, sales in the advanced driver assistance systems (ADAS) field have reached 320 billion yen, and the introduction of thermal management systems for battery EVs is progressing, accelerating the safety strategy to deliver peace of mind to society.- Strengthening the Corporate FoundationDENSO has established various sustainability key performance indicators (KPIs) corresponding to materiality. In addition to establishing KPIs for a thriving, diverse workforce such as the ratio of female managers and the ratio of local human resources among the heads of overseas bases, we have introduced some of these KPIs into the evaluation of executive compensation.Financial Strategies to Improve ROE- Growth Strategies that Balance Both Philosophy and ProfitabilityDENSO will further accelerate the transformation of its business portfolio to eliminate CO2 emissions and eliminate traffic fatalities and increase profitability. While promoting convergence in products for internal combustion engines, DENSO will expand CASE areas and new businesses, aiming for sales of 7 trillion yen in growth areas in 2035. In the electrification sector, DENSO aims to achieve annual production of 19 million inverters in 2030, which will also contribute to the expansion of battery EVs. In addition, for semiconductors that support electrification and ADAS, DENSO will strengthen in-house development and strategic collaboration with competitive partners. Over the next 3 years, DENSO aims to invest 250 billion yen in the semiconductor field.- Resource StrategiesDENSO will shift its resources to CASE areas, including semiconductors while reducing capital expenditures mainly in mechanical and hardware for products of internal combustion engines. DENSO will also focus on software development, targeting a research and development expenditure of 450 billion yen and a capital expenditure of 350 billion yen by 2025.- Improvement of Capital Structure and Shareholder Return PolicyWith a target of a shareholders' equity ratio of 50% or more, DENSO will improve its capital structure to achieve both efficiency and safety and improve ROE. In 2021, DENSO has raised its dividend standard to a dividend on equity (DOE) of 3.1%, and will continue to improve the level of dividends in a stable manner over the long term with an awareness of the cost of shareholders' equity.About DENSODENSO is a $45.1 billion global mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in its 198 facilities to produce electrification system, powertrain system, thermal system, mobility electronics, & advanced devices, to create jobs that directly change how the world moves. The company's 167,000+ employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. Globally headquartered in Kariya, Japan, DENSO spent 9.0 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2022. For more information about global DENSO, visit  www.denso.com/global/en/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

SCIB Concludes 46th AGM Successfully

December 8, 2022

KUCHING, MALAYSIA, Dec 8, 2022 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) held the Company's 46th AGM virtually today in which shareholders voted to reappoint NEXIA SSY PLT as the auditor and authorised the directors to fix its remuneration.Group MD and CEO of SCIB, Encik Rosland bin OthmanShareholders also passed a resolution authorising the issuance and allotment of shares pursuant to Sections 75 and 76 of the Companies Act 2016 while waiving their pre-emptive rights.The resolutions to re-elect Dato' Dr. Ir. Ts. Mohd Abdul Karim bin Abdullah and Datu Haji Abdul Hadi bin Datuk Abdul Kadir to the board of directors were not tabled as they retired effective 8 December 2022. Other resolutions passed included the reappointments of eligible directors up for re-election.Group Managing Director of SCIB, Encik Rosland bin Othman, said, "We are happy to engage with our shareholders virtually in the AGM today and answer their questions. On behalf of SCIB, I would like to thank them for having placed their trust and confidence in us at what has been a challenging period. We would also like to thank both Dato' Dr. Ir. Ts. Mohd Abdul Karim and Datu Haji Abdul Hadi for their years of leadership and dedication to SCIB.""I can confidently say that the Company is looking forward to 2023 following the measures we have adopted focusing on our strengths and ensuring our resilience in the face of changes in the construction industry."Among the measures the Company took is a kitchen-sinking exercise pertaining to the recent cancellation of four projects as well as the settlement agreement over six projects in Qatar and Oman. These measures were taken to safeguard the Company's interests. In respect of the cancellation of the five projects, the decision was taken after reviewing and updating the Company's order book records to reflect the current situation while, in respect of the projects in Qatar and Oman, there is no financial impact to the trade receivables."In regards to the outlook, as East Malaysia's leading precast concrete and Industrialised Building System (IBS) manufacturer, we expect Sarawak Economic Development Corp's successful tender of the RM448 million System Package Two contract for the Kuching Urban Transportation System project phase one to have positive impact for the state economy while the announcement of the RM50 billion MRT3 project will spur demand for civil engineering services and building materials as well as give a much needed boost to the nation's construction sector.""We intend to leverage on our strengths as a leading precast concrete and IBS manufacturer to seek opportunities for our engineering, procurement, construction and commissioning (EPCC) business where we specialise in small-to-mid-sized projects for water, electricity, roads, health and education infrastructure. SCIB's geographical scope expanded to Peninsular Malaysia in recent years and we are also seeking EPCC opportunities in neighbouring Kalimantan in which our manufacturing business can play a pivotal role. To ensure business sustainability, we have also adopted technology such as 3D printing for construction as we transform to meet the challenges of the present and the future."As of 30 November 2022, SCIB has an order book of RM564.7 million with earnings visibility until 2026.Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

Nonfinite Web3 Crypto Exchange Announces their Institutional partner

December 7, 2022

New York, NY, December 06, 2022 – (SEAPRWire) – Nonfinite is proud to announce that Nonfinite will be using Binance as one of their liquidity partner for the BTC/USDT spot trading via Binance , Kucoin, and Bitfinex Instituional. Nonfinite will allow their users to deposit and withdraw to their Binance, Kucoin, and Bitfinex wallet address instantly without fees. Oh Shen King, CEO of Nonfinite labels this as the swap transaction optimization. Nonfinite users can save gas fees. At the same time, they are able save the energy consumption on blockchain mining. Currently the declared blockchain mining consumption is taking up as much 150 terawatt-hours of electricity annually. Nonfinite runs crypto business for years, but they care about solutions to minimize carbon neutrality footprint. Nonfinite also provide their users with a new feature, they call it as Checker. Nonfinite CEO says, “Checker allows our users to identify or check their incoming transaction address sources are reputable or flagged addresses. Sometimes, an address could be link to multiple transaction which involve illegal issues or money laundry. Checker can provide a good solution for a more secure trading environment.” Nonfinite CEO adds, “We don’t want our big whales, wallet address link to all those activity, we doing our best to serve our whales and traders. With this feature Nonfinite user able to verify the sender address first before accept the crypto from the sender, as well as their receiver address is in good standing before sending them crypto. We will do our best to serve big whales and traders. With Checker’s solution, all users are able to verify the sender’s address before accepting crypto payment. Also they can make it clear if the recipient address in good condition before sending the crypto to them.” Nonfinite is also currently in progress to join Blockchain.info Kucoin, and Coinbase’s institutional partner program. Social Links Instagram: https://www.instagram.com/nonfinite.ex Media Contact Brand: Nonfinite Contact: Media team Email: admin@nonfinite.com Website: https://nonfinite.com SOURCE: Nonfinite 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)

JCN Newswire

TOYOTA GAZOO Racing Presents 2023 Race Team Setups

November 25, 2022

TOKYO, Nov 25, 2022 - (JCN Newswire via SEAPRWire.com) - TOYOTA GAZOO Racing (TGR) announced on November 25 its domestic and international race entry structure and the outline of TGR GR86/BRZ Cup and TGR Yaris Cup for the 2023 season.- The Hypercar category of the 2023 FIA World Endurance Championship (WEC) season will see a number of new rivals participate, and will also mark the 100th anniversary of the 24 Hours of Le Mans. Under the leadership of Team Principal Kamui Kobayashi, our aim is to win the 24 Hours of Le Mans for a sixth time in a row, and to secure both the Drivers' and Manufacturers' double for a fifth year in succession.- In the SUPER GT and the Japanese Super Formula Championship, which are the highest categories of racing in Japan, our aim is to win both the Drivers' and the Teams' Championships. TGR will also engage in coordination with all related parties to enhance the motorsports industry in Japan.- In Japan-Based Participatory Motorsport Events, we will use the TGR Yaris Cup as a way to expand the driver base, and work together with racing circuit operators to ensure even safer races.TGR will continue its practice of making ever-better motorsports-bred cars and pursuing activities to enhance the appeal and sustainability of motorsports.*We will announce our plans for the Super Taikyu series in due course.For more information, visit https://global.toyota/en/newsroom/corporate/38320129.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

COP27 inspires global community to tackle climate change: Pertamina

November 14, 2022

JAKARTA, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The UN Climate Change Conference (COP27) 2022 can inspire the global community and all parties to increase contribution to tackling climate change, according to Senior Vice President of Strategy and Investment of Pertamina Daniel Purba.Senior Vice President of Strategy and Investment of Pertamina Daniel Purba speaks at a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). (ANTARA/HO-PT Pertamina)"Sometimes when we work only focusing on our own sector, we never think about a global point of view. So I'm sure this COP27 will inspire and encourage everyone to think globally in order to accelerate contributions in dealing with climate change through industries that we each work on," Purba said during a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11) .Reducing carbon emissions is one of the ways to tackle climate change, Purba added.Through the COP27 event, he continued, all nations around the world are reminded that there is still a lot of work to do to save planet Earth from the impacts of climate change, and it is not only for the benefit of future generations, but also for the sustainability of the business environment."I hope that after the implementation of COP27, everyone will realize that they have to play a role in saving the Earth. And that effort is not just a jargon, but must become a reality, our mindset and lifestyle that encourage us to save our planet," Purba said.As a concrete step to tackle climate change, Indonesia is committed to achieving net zero emissions (NZE) by 2060, and Pertamina is supporting the realization of that commitment by decarbonizing its existing businesses and developing green businesses."Currently Indonesia has committed to achieving net zero emissions by 2060 so that Pertamina, as a state-owned company, supports this commitment and we have also prepared various work programs to achieve this national (NZE) target," he pointed out.The decarbonization measures taken by the company include encouraging energy efficiency, zero-flare oil and gas activities, as well as carbon capture and utilization.Apart from that, Pertamina has also developed a number of green business initiatives, including those related to biofuels, renewable energy, batteries and electric vehicles, hydrogen as well as carbon businesses."Of course, we also view the energy transition period as a very good opportunity for us to build some green businesses," Purba said.In addition, Pertamina is also committed to allocating 14 percent of the projected capital expenditure for the 2022-2060 period, which is worth US$70-80 billion, for the development of clean, new and renewable energy.Contact: Brahmantya Satyamurti Poerwadi, Corporate Secretary, PT Pertamina (Persero)Email: pcc135@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

SNS Network Technology Rolls Out Affordable Device Deals for Students as Schools Adopt Hybrid Learning

November 1, 2022

IPOH, Malaysia, Nov 1, 2022 - (ACN Newswire via SEAPRWire.com) - SNS Network Technology Berhad (Bursa: SNS, 0259), an ICT system and solutions provider, is pleased to announce the launch of a special device deal for students who are increasingly learning in online classrooms and need the tools to facilitate access for online learning.iTworldManaging Director of SNS, Ko Yun HungKo Yun Hung, Managing Director of SNS (Link) Managing Director of SNS, Ko Yun Hung, said, "This special deal is timely as the perfect tool for online classroom learning or hybrid learning given that the government launched the Hybrid Classrooms Pioneer Project. We believe that this special deal makes the devices very accessible to students and levels the playing field for virtual learning situations.""These devices are highly adaptable for students to browse through their coursework, take their tests onscreen or maintain a schedule; all while ensuring a smooth experience for classroom interactions. Students will not have to feel that non-physical interactions will make their experiences with teachers and fellow students any less.""We are also offering JOI, our smart classroom solution providing a flexible learning approach ideal for hybrid learning and emphasising critical skills such as communication, collaboration, critical thinking, and creativity. JOI devices are also compatible with the suite of Microsoft Office tools that unlocks the power of creativity and collaboration vital for online learning," Ko added.Starting from September 2022, 550 classrooms in 110 schools across the country will adopt the Hybrid Classrooms Pioneer Project as part of initiatives by the Ministry of Education (MOE) to accelerate digitalisation and adopt information and communication technology (ICT) in the public education system.MOE has also embarked on a three-phase RM1.3 billion programme to improve and replace ICT equipment and infrastructure including desktops and laptops, printers, projectors and charging ports, using the lease-to-use approach, in schools nationwide. The first phase involving RM411.8 million for 3,900 schools is almost complete, with the second phase to replace devices at 3,455 schools with an allocation of RM460.0 million will be completed by early 2023 while the third phase for 3,400 schools with an allocation of RM430.0 million is scheduled to be completed by the end of 2023.The special deals cover HP devices from as low as RM599, with savings of RM400 and Lenovo devices from as low as RM1,249 with savings of RM200. These modern devices fit for school-going kids comes in various form factor such as thin and light, rugged & 360 degrees flexible rotating device powered by Intel(R) Core(TM) processors & running latest Windows operating system. Devices equipped with JOI are also going for as low as RM599 with savings of RM600.Besides the special deals, premium devices are also available with options of iPad, MacBook Air, MacBook Pro and Microsoft Surface. Other models available include AVITA and Huawei MatePad.For more information on the product offerings, visit https://www.gloo.com.my/education-store for online purchases or locate their retail stores for in-store purchases - https://www.itworld.com.my/about-us and www.gloo.com.my/about-us.SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Helping to Grow the Work from Cafe Culture in Balestier

October 25, 2022

SINGAPORE, Oct 25, 2022 - (ACN Newswire via SEAPRWire.com) - A newly-established co-working space with food and beverage (F&B) options is aiming to enhance and build on a work from cafe culture in the heart of Balestier, while allowing for hybrid working and interacting with communities within the vicinity.Located at 355, Balestier Road, Thank You Come Again (TYCA) is a social hub with a cafe and restaurant, and also presents a flexible workspace for residents around the area who have been craving for a comfortable location to call their own as they continue with remote working several days a week. Apart from just providing them a location to get work done, which also includes private work pods for conference calls and livestreaming, TYCA will also curate different kinds of experiences for patrons of the venue, which was officially opened on 22 October.TYCA, a lifestyle brand created by Cover Projects, which also started the Initial Residence - a service residence at the same location - will also offer F&B options ranging from breakfast all the way to dinner which is a mixture of Mediterranean and contemporary cooking.TYCA's grab and go provides convenience for people on go. A seasonal menu will be based on classics such as specialty coffee, hot pressed sandwiches, fresh salads and ready to eat pastas and pastries. TYCA will also serve out garden to table dining offerings in partnership with plant stylists The Nature Dialogue and The Initial Residence where a variety of edibles such as kale and basil are grown at the Initial Residence's terrace garden will be used in the preparation of certain dishes at TYCA."TYCA's presence at the Initial Residence aims to serve the wider community in Balestier, in addition to the residents who have started calling the serviced residence home. It is a social hub, a food and beverage outlet, a retail and events space all rolled into one," said Mr Lim Keong Wee, managing director of Cover Projects."The idea of combining TYCA and The Initial Residence is to create an integrated experience of live, work and play so that patrons can get their work done while experiencing the comfort of living in the city fringes."The official opening of Initial Residence and TYCA comes at a time when studies are showing that more young Singaporeans, compared with older age groups, are considering renting and flat sharing as they find current property prices too high, according to a consumer sentiment study released by real estate portal PropertyGuru in September."The statistics are indicating that there is a demand for comfortable co-living spaces with amenities to boot, and we are aiming to plug that gap with the introduction of Initial Residence and TYCA in the city fringes," added Lim, who also runs an design practice.Among the fringe activities featured on TYCA's official opening day included a plant-styling workshop by Nature Dialogue, Sake Tasting Experience by Tsunan Brewery and Coffee Workshop by Liberty Coffee. A multi-functional space for individuals, group discussions and learnings will also provided added value for patrons and guests at the facility."In time, there will be more fringe activities which we will introduce to TYCA which will benefit patrons, and these will include physical and mental wellness programmes and also a hub for cyclists who ply through the Balestier route," added Mr Lim.TYCA will also offer an event hall for organisations keen to use the space for corporate or group events. All enquiries can be forwarded to reservations@tyca.com.sg. Follow TYCA on Instagram @tyca_sg and on Facebook @Th4nk.Y0u.C0me.Ag4in.For media queries, please contact hello@swstrategies.org. About Thank You Come AgainTYCA is a Singapore-born food and beverage and co-working space outlet in Singapore which serves up contemporary cuisines at affordable prices for working adults. TYCA provides a convenient location along the city fringes for residents of the area and nearby communities to use as location for remote working, and is housed below The Initial Residence. TYCA also aims to curate social experiences such as group dining, plant styling courses and wellness activities for patrons, bringing work and play closer to neighbourhoods. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Transcenta Holding (06628): Product pipeline progressing well with significant competitive differentiation

September 1, 2022

HONG KONG, Sep 1, 2022 - (ACN Newswire via SEAPRWire.com) - As pharmaceutical reformation is underway, the importance of the innovative strength of biotech companies has become increasingly prominent, the entire industry has also formed a completely different pattern from ten years ago. Today, differentiation has also become the general trend of the industry. Photo: Transcenta's Pipeline, Source: Company websitePhoto: Transcenta's ICB Platform, Source: Company websiteAs the interim results of Hong Kong companies have recently been announced, we might as well look for potential targets from the announcements that aim to differentiate themselves and truly bet on innovation. We found that Transcenta Holding (06628) might be worthy of attention. Transcenta has a strong focus on innovative research and development, well advanced in international clinical trials, while having multiple competitive advantages. Let's take a look at this Company. Dr. Caroline Germa, Transcenta's new CMO, accelerates the development of differentiated pipelinesThe core of differentiation in the industry is First-in-class and Best-in-class. In terms of pipelines, Transcenta has injected significant innovative attributes, developing the most innovative drugs such as FIC/BIC, highlighting the advantages of differentiated clinical strategy and development, which is expected to facilitate the pipeline product approval and commercialization and address the unmet medical needs.Moreover, it can also be seen from the clinical trial overview that Transcenta's new drug development is more oriented towards global strategy, targeting the interests of the global market, and basically the product canddiates of the Company are being developed in parallel in both China and the US. This advantage is also based on the fact that the Company has a very efficient team in bothUS and China, with a deep understanding of the industry, covering all aspects of discovery, research and clinical trial development and manufacturing.The majority of Transcenta's executives have a background of 15-20 years in leading pharmaceutical companies, with proven track record and a well-balanced combination of expertise spanning research, clinical development, manufacturing, strategic planning and financing. At the same time, the Company has a scientific advisory team of internationally renowned experts and industry elites. In the process of moving into the global "blue ocean", the Company is also gradually developing and growing, attracting more outstanding talents to join. Recently, the Company welcomed a new CMO, Dr. Caroline Germa, as the Company's Executive Vice President of Global Drug Development and Chief Medical Officer. As a leader in oncology and drug development, Dr. Germa has a high reputation in the industry, and her personal strength has been proven by many achievements. Dr. Germa has worked for AstraZeneca, Bristol-Myers Squibb (BMS), Novartis and several other internationally renowned pharmaceutical companies, and has accumulated considerable industrial experience, also involved in the development and research of a number of blockbuster drugs including Ribociclib and Neratinibfor breast cancer.Dr. Germa's joining Transcenta Holding will undoubtedly provide a great boost to the Company's innovative development. In the future, with her contacts in the pharmaceutical industry and her unique and profound understanding, she will better lead Transcenta's global expansion and make a significant contribution to enhancing the Company's shareholder value in the future. It is not difficult to find that the Company's team with high qualifications and deep background has laid a solid foundation for the global application and clinical development of its innovative pipeline molecules.At present, Transcenta has built a diversified and risk-balanced pipeline of antibodies with best-in-class or first-in class potential in therapeutic areas with high unmet medical needs, including oncology, kidney and bone diseases. Most of these molecules are discovered and developed in house. Specifically, the Company's oncology product pipeline targets major cancer pathways which have potential synergistic mechanisms of actions for tumor indications, which is precisely the most differentiated design of the Company's oncology pipelines. Moreover, the Company has developed non-oncology pipeline strategy, which plays in a field facing less competition and reach high market potentials.It is worth to mention that the drug discovery technology of Transcenta Group is particularly impressive. Based on the unique IMTB antibody discovery platform, the company has developed a number of antibodies targeting various pooled sites above a particular target, thereby expanding the selectivity of its drug candidates. The Company has generated and is developing oncology products such as TST001, TST005, TST003 and TST010 through the IMTB technology platform. In the future, more valuable innovative drugs will be discovered and filed for global registration, helping Transcenta Group to become a leading global biotechnology company.Rapidly advancing product pipeline, leading the world in clinical progressThe strength of Transcenta Holding is not only reflected in the layout and research and development of innovative drugs, but also in the Company's ability to execute and facilitate clinical trials. In the first half of 2022, the Company actively advanced its product pipeline and achieved remarkable results. In particular, the Company's flagship product, TST001, ranked second in the world in terms of clinical progress and will soon enter Phase III clinical trials.Claudin18.2 has relatively high expression in gastric cancer, pancreatic cancer, esophageal cancer and bile duct cancer, and TST001 has high biological activity, affinity and NK cell activity, and has ideal efficacy and safety. It has a considerable commercial application prospect. At the same time, the Company has also developed a specific antibody for companion diagnostics and will use this Claudin18.2 immunohistochemical assay to support international clinical trial registration. The Company is also well ahead of schedule and at the forefront of the world in this area.In developing TST001, Transcenta has, on the one hand, continued to explore multiple tumor types. On the other hand, the Company is also experimenting with TST001 combination regimens, and its clinical progress is likewise world-leading. Let's keep an eye on its mid-term phase 2 clinical data for TST001 and chemotherapy combination in frontline gastric cancer patients as the company disclosed it will be published soon in a major European clinical oncology conference. This could be important to understand the potential of TST001.Not only that, the Company's other pipelines are also progressing smoothly, including the bifunctional humanized antibody TST005 targeting both PD-1/PD-L1 and TGF-beta pathways, the candidate product TST002, a humanized sclerostin mAb for the treatment of osteoporosis, and a high affinity humanized monoclonal antibody TST003 (FIC) and TST004, a humanized MASP-2 mAb candidate for kidney diseases. It is worth mentioning that the Company's first-in-class targeting Gremlin1(TST003), a preclinical asset with antitumor activities in multiple difficult to treat tumor models were published in the international oncology authoritative journal "Nature Cancer". In addition, the Company has also developed a series of relatively early pipeline products, which further enriched the Company's product pipeline. As these candidate products gradually enter the clinic stages and are successively approved in the future, the Company's intrinsic value will gain more impetus.Actively promoting CDMO business to fully realise the source of income and reduce expenditureIn addition to product development, Transcenta Holding has also forward-looking in the layout of commercial production. It can be seen from the Company's results announcement that Transcenta has established a complete CMC and production platform, both for early cell line process development and GMP mass production systems, which are designed by the Company and met international standards.Transcenta Holding utilises a novel integrated continuous bioprocessing platform (ICB) for developing robust production processes, formulations and analytics, manufacturing drug products throughout product life cycle. The advantages of the Company's ICB platform are significant, as its capacity is more than 10 times higher than the traditional Fed-batch flow addition process, and its cost has been significantly reduced by almost 50%. In May 2022, Transcenta had successfully passed audit by the European Union Quality Person (QP). This combination of quality and cost advantages supports the clinical studies and registration of the Company's candidate products worldwide.In addition, Transcenta has leveraged its CMC capabilities and the potential value of its ICB platform to further expand its CDMO business. While the CDMO business has enabled the Company to achieve open source and cost savings, it has also attracted the attention of international high-quality partners by virtue of the high-quality industry reputation accumulated in the client, and further expands international cooperation. The Company has been developing and collaborating commercially with Merck for an industry-first disposable flow-through polishing system, and maintains a domestic leading position in the field of perfusion technology.SummaryAll in all, the interim results announcement of Transcenta Holding has many highlights and the Company's competitive advantages are distinct. Whether it is drug discovery, clinical development, or commercial production, it has strong strength in all aspects. We believe that with the successful development and commercialization of the Company's innovative and differentiated products, Transcenta will achieve leapfrog development and is worthy of long-term attention. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Merdeka at Kuantan 188

August 26, 2022

KUANTAN, Malaysia, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Kuantan 188, Malaysia's second-tallest tower, will host two major events, the Kuantan 188 International Extreme Challenge (KIEC), their first-ever challenge event since reopening early this year, and Pesta Kuantan 188.En Mohd Shafrul Bin Kadir, Jabatan Belia & Sukan Negeri Pahang; Dato' Sri Haji Mohd Johari, Exco Sumber Manusia, Belia & Sukan; YB Senator Dato' Sri Ti Lian Ker, Timbalan Menteri Belia & Sukan; Dato' Zulkifli Mohamad, Kuantan 188 Managing Director; Man Bai, Malaysian rock singer; Puan Haslina Binti Bahasan, Ketua Jabatan Bahagian Pelaburan dan Penswastaan [L-R]Khairul Azrin Bin Abdullah, Skywalk Operator of Tower Kuantan 188Encik Jamaluddin Ismail, oldest Malaysian base jumper, 67years oldThe KIEC will see a group of people base jumping from the tower in celebration of Merdeka while Pesta Kuantan will be held from 27 August 2022 to 4 September 2022.The launch will be officiated by Deputy Minister of Youth and Sports, YB Senator Dato' Sri Ti Lian Ker and Chairman of the Pahang State Human Resources, Youth, Sports and Non-Governmental Committee YB Dato' Sri Haji Mohd Johari bin Haji Hussain.To promote adventure and outdoor sports, the Ministry of Youth and Sports will continue to support events such as KIEC and work closely with Kuantan 188 to encourage local youth groups to use the Kuantan 188 as their venue of choice.The main focus of the KIEC will be a group of volunteer base jumpers who will jump down 104 metres from the skydeck. There will be a total of 65 jumps from multiple jumpers on 30 August 2022 carrying the Kuantan 188, Pahang and Malaysian flags commemorating 65 years of independence. Among the base jumpers is the country's oldest, 67-year-old Encik Jamaluddin Ismail, from Mentakab, Pahang.Besides Malaysian base jumpers, there will also be participants from United States, Singapore and Indonesia. Other sports will also be held at the same venue, including paintball, drop zone, kickboxing, outdoor zumba and hammock zone while children can enjoy activities at Kuantan 188's Kids Club and Zipline. The festival will also be hosting local brands with a nine-day pop up retail booth to bring awareness to local talent and support local merchandise.To celebrate the birthdays of KDYMM Yang Di Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah and KDYMM Seri Paduka Baginda Raja Permaisuri Agong Tunku Hajah Azizah Aminah Maimunah Iskandariah Binti Almarhum Al-Mutawakkil Alallah Sultan Iskandar Al-Haj, which were on 30 July 2022 and 5 August 2022 respectively, Kuantan 188 will host a concert featuring Man Bai and Joe Flizzow, among others, on 3 September 2022.Tickets for the concert will be on sale via www.gotifi.com, with four categories available for purchase - TIER 1 (RM188), TIER 2 (RM138), TIER 3 (RM88) and TIER 4 (RM58).Pesta Kuantan 188 concert is supported by MAA Group Berhad and Imperium International College and sponsored by Selborn Group, Wawasan Intact Properties, CKS Global Buildility, LBS Bina Group, Cameron Valley Tea and Bharat Group, TAS Leisure, Chili's Bar and Grill and Dancom. Official hotel sponsors include Shahzan Hotel Kuantan and Ramada Suites by Wyndham KLCC.Lucky draw items are powered by Cuckoo, Toush Inspired by Pensonic & Panasonic.To know more about KIEC and Pesta Kuantan 188, check out @kuantan.188 on Instagram, Facebook and TikTok for recent updates, as well as www.kuantan188.com.my. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Subang Parade Holds Merdeka Fiesta to Celebrate National Day

August 24, 2022

KUALA LUMPUR, Aug 24, 2022 - (ACN Newswire via SEAPRWire.com) - A host of family-friendly activities is being rolled out by Subang Parade, a mall owned by Hektar Real Estate Investment Trust (Hektar REIT), taking inspiration from the theme for the country's National Day, "Keluarga Malaysia Teguh Bersama", or "Malaysian Family, Strong Together" while supporting local culture and designers.Subang ParadeJohari Shukri bin Jamil, CEO of Hektar Asset ManagementAptly named Subang Parade Merdeka Fiesta, held over 27-28 August and on 31 August 2022, the activities include fashion shows celebrating Malaysia's rich Batik, Tenun and Songket traditions and showcasing homegrown talents as well as a bazaar featuring locally made and produced merchandise, local cuisine cooking demonstrations, hobby demonstrations and even a petting zoo to bring families, neighbours and friends together.The launch of Subang Parade's one-of-a-kind fashion show on 27 August will feature designers such as Calvin Thoo who is known for his specialization in traditional fabrics.Puan Aldela Puspa bin Nordin, CEO of Hektar Property Services Sdn Bhd, the property manager of Subang Parade said, "Merdeka Fiesta is put together to bring awareness among Malaysians of the rich heritage and common interests, values and history of the country, helping to build a firm foundation for the future. The Batik, Tenun and Songket fashion show as well as the display of mostly locally produced merchandise will be a good showcase of all things Malaysian."Calvin Thoo explained, "Batik is Malaysia. The intricate art of making quality Malaysian batik fabric and tenun weaving remains a traditional process and the skills that are being passed on from generation to generation in family businesses and in associations must be preserved. Batik fabrics has been adopted over the generations from the Malays by the different ethnic groups in Malaysia's multicultural society."There will be a special showcase of the traditional batik and songket handmade and designed by the residents of Penjara Kelantan, a proud initiative under Yang Teramat Mulia Tengku Puan Temenggong Kelantan Tunku Puan Sri Dato' Hajjah Noor Hayati binti Almarhum Tunku Abdul Rahman Putra al-Haj'.Over the three days of the Subang Parade Merdeka Fiesta, there will also be a pet adoption campaign alongside a petting zoo. There will also be tutorials and demonstrations of, among others, makeup and terrarium building. For hijabistas, there are tutorials happening on 28 and 31 August.Dato' Zamzani Abdul Wahab, popularly known as 'Chef Zam', a popular Malaysian celebrity chef, will be showcasing his culinary expertise on 31 August 2022 through several cooking demonstrations. There will also be performances by widely known artistes.Chief Executive Officer of Hektar Asset Management Sdn. Bhd., En. Johari Shukri bin Jamil said, "We are extremely grateful and excited to be able to gather together and share happy experiences in Subang Parade, which is also the first regional mall to open in Selangor in 1988. The Merdeka Fiesta showcases our Malaysian culture and roots that we want to not just uphold but share with the rest of the world. These includes not just our culinary traditions but also our fashion and art as can be seen from the batik and songket designs presented here.""Subang Parade has been the centre for families and workers in the surrounding neighbourhoods for more than 30 years. Since then, the mall has undergone several enhancements and refurbishments to ensure that it remains on top of market trends while catering to our target market. We want to remain a premier gathering place for families and friends in the Klang Valley and we will continue to upgrade facilities as well as introduce new retail brands and services to ensure that they get as much as possible out of their visit to the mall."Subang Parade hopes to welcome everyone in a safe manner and would like all visitors to continue adhering to social distancing and having masks on at all times.Subang Parade: https://www.subangparade.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Amazfit Launches GTS 4 Mini in Malaysia

August 15, 2022

KUALA LUMPUR, Aug 15, 2022 - (ACN Newswire via SEAPRWire.com) - Amazfit, a premium smart wearable hardware brand owned by Zepp Health Corporation (Zepp), launched the Amazfit GTS 4 Mini in Malaysia today with all the signature features packed into a lightweight and compact frame that challenges the limits of size.The ultra-slim Amazfit GTS 4 Mini comes with heavyweight power in an aluminium alloy frame weighing-in at a mere 31.2 grams while the 70.2% screen-to-body ratio gives more screen. Powered by a 270-milliampere hour battery, the Amazfit GTS 4 Mini can last for 15 days from a single charge.Other highlights of this mini smartwatch include five-satellite positioning system for outdoor activities, 5 ATM water-resistance to track water-sports and 120+ sports modes. The Amazfit GTS 4 Mini can also recognise seven sports activities and the PeakBeats Workout Status Algorithm monitors post workout recovery while wearers can assess and compare their previous running performance lap-data through the Virtual Pacer. Stress monitoring is included in the health reminders.All this data is easily viewed through the Zepp App, which is powered by the Zepp operating system. The Amazfit GTS 4 Mini also has Alexa that can be accessed through the built-in microphone.The Amazfit GTS 4 Mini's soft and skin-friendly silicone band comes in Mint Blue, Flamingo Pink, Midnight Black and Moonlight White. The curved bezel smartwatch allows the wearer to download dozens of watch faces, some are animated, with matching always-on display or customize with photos.The Amazfit GTS 4 Mini comes with a one-year warranty and will retail at RM399 each.A special Shopee launch price of RM379 is good until 22 August 2022, plus those who order will also receive a limited edition Amazfit T-shirt (while supplies last)!Find out more about the Amazfit GTS 4 Mini smartwatch at https://www.amazfit.com/my or Amazfit's e-commerce partner platform https://bit.ly/MYAmazfit-SHOPEE.Amazfit: www.amazfit.com/en Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

600+ cybersecurity experts meet at PhilSec 2022 to discuss the future of cybersecurity in the Philippines

August 11, 2022

MANILA, Aug 11, 2022 - (ACN Newswire via SEAPRWire.com) - In an effort to mitigate the cybercrime landscape in the Philippines and support The Department of Information and Communications Technology with its efforts, Tradepass hosted the second edition of PhilSec on 12 - 13 July 2022 at the Sofitel Philippine Plaza in Manila, Philippines. The event that was officially supported by Cybercrime Investigation and Coordinating Center (CICC) attracted 600+ cybersecurity experts including the Heads of Information Security, Risk, Compliance, Forensics and Cyber Law from the leading public and private enterprises across the Philippines. Mary Rose E. Magsaysay (C|CISO, Director IV - Cybercrime Planning and Policy, Monitoring and Cooperation Office - Cybercrime Investigation and Coordination Center) who is also the in charge & lead at ICCD, CPPD & CMCD graced the opening of the event post an engaging flashmob.Here's what she had to say when talking about her experience at PhilSec 2022, "This is my first time back on-stage post pandemic. My expectations were really high and they were met excellently and not just satisfactorily. I was surprised to see the number of vendors who I got to interact with. I was surprised to see that there were a lot of delegates representing DICT, CICC and I saw a very good mix of audience."With the most carefully curated agenda that comprised advanced topics in cybersecurity, PhilSec 2022 also hosted over 40 of the best cybersecurity experts and thought leaders who had a spellbinding effect on the delegates with their knowledge sharing sessions. When asked to share his overall thoughts on the event, Carlos Tengkiat (CISO, Rizal Commercial Banking Corporation) expressed, "PhilSec is actually very good because it brings people together to collaborate and also the industry players to showcase their solutions which can secure our infrastructure and keep us in line with the new developments in technology and security."As the country's premier cybersecurity event, PhilSec 2022 was flooded with the leading organizations from the industry who had their exclusive exhibition booths at the venue to showcase their cutting-edge security solutions. The long list included Delinea, ARCON, Okta, Recorded Future, CrowdStrike, CyberArk, Rubrik, ExtraHop, BlueVoyant, Claroty, BeyondTrust, Synology, Tenable, Parasoft, Swimlane, CybersCool Defcon Inc., Senhasegura, ThriveDX SaaS, DDLS, Sangfor Technologies, Netskope, CYFIRMA, ION Management Solutions Inc., Noname Security, IPV Network, Cyberint and Secuna.Noel Cuestas (Chief - Audio, Video Forensic Section, Digital Forensic Unit - Philippine National PoliceAnti Cybercrime Group) while talking about his experience at PhilSec 2022 commented, "This is my first time at PhilSec and I must say that this has been very fascinating. This is a good area for networking and meeting a lot of friends in the industry, from cybersecurity, digital forensics and other law enforcement officers are also here, so this is an excellent venue."The event featured two knowledge-packed days filled with insightful presentations on the most pressing industry topics, deep dive panel discussions, live showcase of the best security solutions and abundant networking opportunities. Some of the crucial topics from the summit include: "Cyber Defense for Philippine's Critical Infrastructure", "Zero Trust: Two Sides of the PAM Coin", "How Cybercriminals Use Dynamic DNS Infrastructure for Advanced Attacks", "Web 3.0: Unravelling Unknown Unknowns", "Digital Forensics" and many more."The way the whole event is planned and organized is actually really nice, it has a very good selection of speakers and the different topics that the event wants to showcase caters to the industry really well," said Mel Migrino (Vice President and Group CISO, Meralco) while taking about the organization of the event.Apart from the knowledge sharing and networking sessions, PhilSec 2022 also acknowledged the top talents from Philippines' cybersecurity during the awards segment, PhilSec Awards 2022. The event stayed completely vibrant over the course of two days through flash mobs, dance performances, a show by Manila's best illusionist and a swanky after-party for added networking exposure.For more information about the event, log on to:https://philsecsummit.com/About TradepassProviding access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.Media contact:Aritrika ChakrabortyMarketing Manageraritrikac@tradepassglobal.com+ (91) 80 6166 4401Tradepass Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Strong ESG implementation gets Pertamina international recognition

July 13, 2022

JAKARTA, Jul 13, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned oil and natural gas corporation PT Pertamina has gained recognition from several international institutions over its strong implementation of the environmental, social, and governance (ESG) approach this year.Strong implementation of environmental, social, and governance (ESG) approach by Indonesian state-owned oil and natural gas corporation PT Pertamina this year gained recognition from a number of international institutions. (ANTARA/HO-PT Pertamina)Pertamina's ESG implementation, which is getting stronger, has attracted international interest, as seen from the acknowledgment from a number of institutions and international awards, the company stated in a release received here on Tuesday.The latest acknowledgment has come from JP Morgan, which included Pertamina in its ESG Emerging Market Bond Instrument (JESG EMBI) Index and assigned it a score of 44.2 in June 2022. The score is higher than the threshold of 20 set by JESG EMBI.It shows that Pertamina has succeeded in improving its business, especially in terms of environmental insight, sustainability, and aspects of good governance, the company said."With this recognition, Pertamina has the opportunity to access wider funding in the market, including more competitive interest rates," it added.Pertamina's position has also become more recognized globally as a motor that drives sustainability in Indonesia, especially since the country has also committed to implementing the Paris Agreement on reducing carbon emissions."In line with Pertamina's vision to become a sustainable global energy company, we continue to improve the company's ESG aspects in accordance with international sustainability practices so that our initiatives are in accordance with ESG standards," said Emma Sri Martini, Pertamina's finance director who is also a committee member of Pertamina Sustainability.Pertamina has undertaken several measures in its sustainability efforts, including contributing to reducing carbon emissions, maintaining biodiversity, and implementing good corporate governance (GCG).Further, Pertamina succeeded in reducing 7.4 million tons of carbon equivalent, or around 29 percent, by 2021 from the 2010 baseline.Meanwhile, to maintain biodiversity, the company, in the past five years, has carried out conservation efforts for around 30 endemic animal species and around 24 plant species, most of which have become nearly extinct.Regarding the implementation of GCG, Pertamina earlier this year won the Anti-Bribery Management System certification, which signifies the company's commitment to implementing accountable work practices.Apart from its inclusion on the JP Morgan Index, Pertamina also received a number of awards for sustainability efforts.In June 2022, Pertamina and its affiliate, Pertamina Hulu Rokan, won the Indonesian Sustainability Business Award (SBA) in the "Highly Recommended" category.The SBA is given to companies that are considered to have a very strong sustainability commitment and demonstrate consistent efforts in various sustainability areas as well as have a good road map for sustainability implementation.SBA Indonesia has been instituted by Global Initiatives, an international company based in Singapore that is concerned with sustainability issues. Global Initiatives organizes the award program with some local partners, namely PwC Indonesia, the Indonesian Business Council for Sustainable Development (IBCSD), Control Union, and the Indonesian Chamber of Commerce and Industry (Kadin).The award is also held in several other countries besides Indonesia, namely Singapore, Malaysia, the Philippines, and Thailand.Earlier, Pertamina had also received an ESG score of 28.1 from Sustainalytics in 2021, which reflected a moderate level of risk, on par with other companies such as Spanish energy company Repsol and Italian oil industry company ENI.In addition, the World Benchmarking Alliance (WBA) also placed Pertamina 49th out of 100 oil and gas companies in the WBA Climate & Energy topic."We also encourage all Pertamina sub-holdings and affiliates to improve the implementation of ESG aspects, so that the company's operational and business programs can further implement some applicable rules according to ESG best practices," Martini said.Launched in 2018, the WBA seeks to generate a movement around increasing the private sector's impact on efforts to build a sustainable future for all.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Rahmad Nasution (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Tracing Pertamina’s cost efficiency amid high global oil prices

June 22, 2022

JAKARTA, Jun 22, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned oil and gas firm PT Pertamina (Persero) succeeded in achieving cost optimization of US$2.21 billion in 2021 amid high global crude oil prices.Pertamina. gas station ANTARA/HO - PT. Pertamina Patra Niaga Regional Kalimantan."Through this business strategy, in 2021, Pertamina succeeded in cost optimization of US$2.21 billion, obtained from the cost savings program (cost-saving) of US$1.36 billion, cost avoidance of US$356 million, and additional revenue (revenue growth) of around US$495 million," director of finance of Pertamina, Emma Sri Martini, said in Jakarta on Tuesday.Martini explained that Pertamina has developed several policies and business strategies from the financial and operational perspective to face the increasing global oil price challenges.Pertamina is strengthening its financial strategy and operational efforts to improve efficiency across business lines, both holdings and sub-holdings and from upstream processing to downstream, amid increasing crude oil prices.From a financial perspective, Pertamina has implemented a cost optimization program across the Pertamina Group, including cost savings, cost avoidance, and increased revenue.Under the savings efforts, Pertamina is also running a hedging program for market risk management. In addition, the company has centralized procurement, prioritized capital expenditures, and is managing assets and liabilities to reduce costs or interest expenses (cost of funds)."We are trying to optimize all costs and manage the company's financial aspects, to reduce costs, including prioritizing projects that have fast results," she said.Besides financial tightening, Pertamina is also implementing an operational strategy to increase revenue for its six sub-holdings.In the upstream business, Pertamina has continued to increase oil and gas production and lifting to take advantage of the increasing oil prices. As a result, production has increased by 4 percent and lifting by 3 percent.The positive performance from upstream operations has been contributed by Rokan Block and foreign assets and consistent efforts to maintain production levels through well-drilling and resource discovery. In 2021, Pertamina drilled 12 exploration wells and 350 exploitation wells. In the same year, its discovered reserves (2C) reached 486.70 MMBOE (million barrels of oil equivalent) and additional proven reserves (P1) reached 623.47 MMBOE.In processing and petrochemicals, in 2021, Pertamina implemented a crude and product optimization strategy. This contributed to an increase in product yield value by around 3 percent. The strategy is related to the selection and economic substitution of crude oil and maximizing high valuable products with high spreads. In 2021, refinery production also increased in response to higher energy demand due to national economic recovery.Then, in the transportation and logistics sectors, Pertamina optimized the load factor to achieve revenue and cost-efficiency. In the gas business, Pertamina also increased the gas trade volume and transportation, as well as oil transportation volume."And after the legal end state, we will also intensify resource sharing, such as sharing facilities and development agreements, especially in upstream sub-holding," Martini said.She added that the positive performance downstream was also supported by the government through the recognition of the difference in compensation for HJE JBT Solar and JBKP Pertalite in 2021, which reached around US$4 billion or equivalent to Rp58.6 trillion (excluding tax) and around US$1.7 billion or equivalent to Rp24.1 trillion (excluding tax) in 2018 and 2019. According to Martini, the government's support will continue in 2022 through a policy revision that will stipulate Pertalite (RON90) as a Special Assignment Fuel in place of Premium (RON88) and an adjustment to the price of Pertamax.As Pertamina's appreciation for this support, several initiatives in the downstream sector have been implemented that simultaneously respond to market changes, such as an expansion of digital transactions, acceleration of Pertashop outlets to capture larger market opportunities in rural areas, and diversion of gas station energy sources to solar panels.We appreciate the government and the DPR's decision, which has increased the budget ceiling for subsidies and compensation for 2022 to maintain and protect people's purchasing power and contain potential inflation. This is a support for Pertamina in providing energy amidst the challenges of high crude oil prices," Martini said.With this support, in 2022, Pertamina will make efforts to increase oil and gas production by 17 percent, targeting 79.9 percent Valuable Product Yield, adding around 3 thousand Pertashop fuel outlets, developing digital markets for up to 25 million MyPertamina users, and increasing revenue from non-captive markets in the shipping business to 7.5 percent.To strengthen its commitment to low-carbon energy, it will produce 7,138 GWh of electricity, which will be supported by a targeted increase in the installed capacity of up to 2.9 GW. Another important strategy will be unlocking the value developed by subsidiaries."In the financial sector, we will focus on optimizing costs targeted to reach up to US$600 million. We will continue to communicate with the government to ensure a good decision for the company," Martini said.Jakarta (ANTARA) - State-owned oil and gas firm PT Pertamina (Persero) succeeded in achieving cost optimization of US$2.21 billion in 2021 amid high global crude oil prices."Through this business strategy, in 2021, Pertamina succeeded in cost optimization of US$2.21 billion, obtained from the cost savings program (cost-saving) of US$1.36 billion, cost avoidance of US$356 million, and additional revenue (revenue growth) of around US$495 million," director of finance of Pertamina, Emma Sri Martini, said in Jakarta on Tuesday.Martini explained that Pertamina has developed several policies and business strategies from the financial and operational perspective to face the increasing global oil price challenges.Pertamina is strengthening its financial strategy and operational efforts to improve efficiency across business lines, both holdings and sub-holdings and from upstream processing to downstream, amid increasing crude oil prices.From a financial perspective, Pertamina has implemented a cost optimization program across the Pertamina Group, including cost savings, cost avoidance, and increased revenue.Under the savings efforts, Pertamina is also running a hedging program for market risk management. In addition, the company has centralized procurement, prioritized capital expenditures, and is managing assets and liabilities to reduce costs or interest expenses (cost of funds)."We are trying to optimize all costs and manage the company's financial aspects, to reduce costs, including prioritizing projects that have fast results," she said.Besides financial tightening, Pertamina is also implementing an operational strategy to increase revenue for its six sub-holdings.In the upstream business, Pertamina has continued to increase oil and gas production and lifting to take advantage of the increasing oil prices. As a result, production has increased by 4 percent and lifting by 3 percent.The positive performance from upstream operations has been contributed by Rokan Block and foreign assets and consistent efforts to maintain production levels through well-drilling and resource discovery. In 2021, Pertamina drilled 12 exploration wells and 350 exploitation wells. In the same year, its discovered reserves (2C) reached 486.70 MMBOE (million barrels of oil equivalent) and additional proven reserves (P1) reached 623.47 MMBOE.In processing and petrochemicals, in 2021, Pertamina implemented a crude and product optimization strategy. This contributed to an increase in product yield value by around 3 percent. The strategy is related to the selection and economic substitution of crude oil and maximizing high valuable products with high spreads. In 2021, refinery production also increased in response to higher energy demand due to national economic recovery.Then, in the transportation and logistics sectors, Pertamina optimized the load factor to achieve revenue and cost-efficiency. In the gas business, Pertamina also increased the gas trade volume and transportation, as well as oil transportation volume."And after the legal end state, we will also intensify resource sharing, such as sharing facilities and development agreements, especially in upstream sub-holding," Martini said.She added that the positive performance downstream was also supported by the government through the recognition of the difference in compensation for HJE JBT Solar and JBKP Pertalite in 2021, which reached around US$4 billion or equivalent to Rp58.6 trillion (excluding tax) and around US$1.7 billion or equivalent to Rp24.1 trillion (excluding tax) in 2018 and 2019. According to Martini, the government's support will continue in 2022 through a policy revision that will stipulate Pertalite (RON90) as a Special Assignment Fuel in place of Premium (RON88) and an adjustment to the price of Pertamax.As Pertamina's appreciation for this support, several initiatives in the downstream sector have been implemented that simultaneously respond to market changes, such as an expansion of digital transactions, acceleration of Pertashop outlets to capture larger market opportunities in rural areas, and diversion of gas station energy sources to solar panels.We appreciate the government and the DPR's decision, which has increased the budget ceiling for subsidies and compensation for 2022 to maintain and protect people's purchasing power and contain potential inflation. This is a support for Pertamina in providing energy amidst the challenges of high crude oil prices," Martini said.With this support, in 2022, Pertamina will make efforts to increase oil and gas production by 17 percent, targeting 79.9 percent Valuable Product Yield, adding around 3 thousand Pertashop fuel outlets, developing digital markets for up to 25 million MyPertamina users, and increasing revenue from non-captive markets in the shipping business to 7.5 percent.To strengthen its commitment to low-carbon energy, it will produce 7,138 GWh of electricity, which will be supported by a targeted increase in the installed capacity of up to 2.9 GW. Another important strategy will be unlocking the value developed by subsidiaries."In the financial sector, we will focus on optimizing costs targeted to reach up to US$600 million. We will continue to communicate with the government to ensure a good decision for the company," Martini said.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Azis Kurmala, Editor: Suharto (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)