FEATURED NEWS
- May 3, 2024Business
CapitaLand India Trust to invest in 2.5 million sq ft of IT buildings at HITEC City, Hyderabad
Pictured is the artist's impression of aVance A1, Hyderabad, which CLINT plans to acquire from Phoenix Group. CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Phoenix Group to acquire IT buildings with a total leasable area of 2.5 million square feet (sq ft) in HITEC City, India. HITEC City is a major IT and office hub in Hyderabad where many large multinational companies are located. The acquisition of the strategically located assets is expected to increase CLlNT’s earnings and distributions for Unitholders. Pro forma net profit from the buildings is forecasted to be approximately S$4.5 million2 on a stabilised basis. Pro forma distribution per unit is expected to increase from 6.45 cents to 6.47 cents3. As part of the forward purchase arrangement, CLINT will provide funding of INR2.15 billion (S$34.68 million)4 to refinance the existing loan and receive interest on the funding at a rate which is higher than its borrowing cost. CLINT will also provide funding in future towards development of the buildings and acquire the buildings at a price to be determined5 as and when each building is constructed and leased up to 90%. The acquisition is attractive as its capitalisation rate is higher compared to the market’s capitalisation rates. "The forward purchase allows us to secure prime assets that will further strengthen our presence in Hyderabad, which has strong leasing demand from multinational companies. The buildings are situated within the city’s prime IT Corridor in HITEC City and CLINT is well established in this location with a portfolio of approximately 5.2 million sq ft with high levels of occupancy." Mr Sanjeev Dasgupta, Chief Executive Officer of CapitaLand India Trust Management Pte. Ltd. (the Trustee-Manager of CLINT) CLINT has a long-standing partnership with Phoenix Group since 2011, having acquired five buildings with approximately 2.1 million sq ft of total leasable area through a forward purchase agreement. The five buildings are located within CLINT’s business park, aVance Hyderabad, and it plans to acquire another two buildings (aVance 5 and aVance A1) in aVance Hyderabad from Phoenix Group within the next 18 months, further enhancing CLINT’s portfolio. CLINT’s presence in Hyderabad CLINT’s portfolio in Hyderabad currently comprises three business parks: aVance Hyderabad, CyberPearl and International Tech Park Hyderabad (ITPH). CLINT is also developing a data centre in ITPH, which is expected to be completed in 2025. --------------------------------- Notes: 1. Distribution per Unit. 2. Estimated income available for distribution is based on the assumed revenue derived from Phase 1 of the project post-acquisition, net of operating and financing expenses as well as withholding taxes. 3. Based on the assumption that CLINT had completed the acquisition on 1 January 2023 and held the interest in Phase 1 of the project through to 31 December 2023. 4. Exchange rate of S$1 = INR62. 5. Subject to conditions including an independent valuation which will be conducted and announced at the time of acquisition.
- May 3, 2024Business
Shaun Menegola resigns from Seven Melbourne
The Seven Network today announced the resignation of Shaun Menegola as Director of News, Seven Melbourne. His departure date has not yet been finalised and he will remain in his role for a transition period. Mr Menegola said: “I have decided to call an end to my time here at 7NEWS in Melbourne. “It’s entirely my decision and one I’ve been thinking about for a long time. It’s not one driven by anything else other than the fact that I’m looking to take a break to recharge and reboot – and to spend some time in my home state with family. “I couldn’t be prouder of what this team has achieved over the last five or so years, and of the bulletins we turn out every night. “It’s been a highlight of almost three decades running news bulletins and newsrooms,” he said. Anthony De Ceglie, Seven Network Director of News and Public Affairs and Editor-in-Chief, Seven West Media, said: “Shaun has made a remarkable contribution to Seven Melbourne and, before that, Seven Perth over many years and he will be greatly missed. “He has been a driving force behind the success of 7NEWS Melbourne over the past five years and will leave a great legacy.” Mr Menegola’s successor will be announced in due course. For more information, please contact: Neil Shoebridge M: 0417 511012 E: neil@skmediagroup.com.au Andrew Knowles M: 0449 510 357 E: andrew@skmediagroup.com.au About theSeven Network The Seven Network is part of Seven West Media (ASX: SWM), one of Australia’s most prominent media companies, with a market-leading presence in content production across broadcast television, publishing and digital. The Seven Network alone reaches about 17 million people a month. The company owns some of Australia’s most renowned media businesses, including the Seven Network and its affiliate channels 7two, 7mate, 7flix and 7Bravo; the digital platform 7plus; 7NEWS.com.au; The West Australian; The Sunday Times; and The Nightly. The Seven Network is home to Australia’s most loved news sport and entertainment programming, including 7NEWS, 7NEWS Spotlight, Sunrise, The Morning Show, The Voice, Home and Away, Australian Idol, My Kitchen Rules, SAS Australia, Farmer Wants A Wife, The Chase Australia, Better Homes and Gardens, RFDS, The 1% Club and the TV WEEK Logie Awards. Seven Network is also the broadcast partner of the AFL, Cricket Australia and Supercars.
- May 3, 2024Games & Entertainment
UEM EDGENTA HOSTS AIDILFITRI CORPORATE OPEN HOUSE
Syahrunizam Samsudin, MD/CEO UEM Edgenta Berhad hosting international guests at the Company's recent Aidilfitri open house. From left: Syahrunizam Samsudin, MD/CEO of UEM Edgenta Berhad (2nd from left), Rowina Ghazali Seth, Independent Non-Executive Director of UEM Edgenta, Ir. Vekneswaran T. Arasappan, Head of Property and Facility Solutions, and Tan Sri Dr. Azmil Khalid, Chairman of UEM Edgenta (2nd right). Dato' Mohd Izani Ghani, Managing Director, UEM Group Berhad, and Syahrunizam Samsudin, Managing Director / Chief Executive Officer, UEM Edgenta Berhad together with orphans from Pusat Jagaan Darul Sakinah Angkasa at UEM Edgenta's recent Aidilfitri open house. Syahrunizam Samsudin, MD/CEO, UEM Edgenta sampling fares from one of the many invited vendors at the Company's Aidilfitri open house. Syahrunizam Samsudin, MD/CEO UEM Edgenta Berhad hosting international guests at the Company's recent Aidilfitri open house. From left: Syahrunizam Samsudin, MD/CEO of UEM Edgenta Berhad (2nd from left), Rowina Ghazali Seth, Independent Non-Executive Director of UEM Edgenta, Ir. Vekneswaran T. Arasappan, Head of Property and Facility Solutions, and Tan Sri Dr. Azmil Khalid, Chairman of UEM Edgenta (2nd right). Dato' Mohd Izani Ghani, Managing Director, UEM Group Berhad, and Syahrunizam Samsudin, Managing Director / Chief Executive Officer, UEM Edgenta Berhad together with orphans from Pusat Jagaan Darul Sakinah Angkasa at UEM Edgenta's recent Aidilfitri open house. Syahrunizam Samsudin, MD/CEO, UEM Edgenta sampling fares from one of the many invited vendors at the Company's Aidilfitri open house. Syahrunizam Samsudin, MD/CEO UEM Edgenta Berhad hosting international guests at the Company's recent Aidilfitri open house. Following a day celebrating community spirit and gratitude, UEM Edgenta Berhad (UEM Edgenta)’s Hari Raya Aidilfitri open house event, themed "Indahnya Syukur Syawal" was very well received and saw over 2,000 guests in attendance comprising of its diverse clients stakeholders, including Malaysia’s sovereign wealth fund, Khazanah Nasional Berhad. The leading integrated asset management and infrastructure services provider’s event featured a bustling bazaar-like atmosphere, with local entrepreneurs showcasing their products. Attendees had the opportunity to explore offerings from Brotani, Soul Soil, The Mok’s, and other participating vendors while supporting small businesses and Malaysian youths. The bazaar was made possible through UEM Edgenta’s collaboration with Penglipur Lara, well known for its curation of local emerging brands through its pop-up bazaar series. Syarunizam Samsudin, Managing Director and Chief Executive Officer, UEM Edgenta, shared, "We are indeed delighted by the overwhelming success of this year's open house celebration. The theme 'Indahnya Syukur Syawal' truly encapsulated the spirit of gratitude and togetherness that defines Aidilfitri. While we celebrate each other’s company over good food, the bazaar reflects the Company’s appreciation for the success made possible through collaborations with the wider vendor ecosystem.” A continuation of the Company’s heartwarming generosity during Ramadan, the open house welcomed orphans from Pusat Jagaan Darul Sakinah Angkasa to join in the festivities, spreading the joy of Aidilfitri and fostering a sense of inclusivity within the community. “Carrying over the caring and compassionate spirit from our Ramadan CSR called ‘Jalinan Kasih Edgenta’, we continue to create positive experiences for the wider community and are proud to strengthen the silaturahim during Syawal as well while aspiring to create a sustainable and impactful legacy of compassion and support,” added Syahrunizam. Before the main open house event in the afternoon, UEM Edgenta hosted a special staff open house, where employees showcased their talents in a lively competition. The event showcased the creativity and unity within the Company. Among the guests seen mingling during the open house were Datuk Amran Hafiz Affifudin, Executive Director, Khazanah Nasional Berhad, Dato' Mohd Izani Ghani, Managing Director, UEM Group Berhad, and Tan Sri Dr. Azmil Khalid, Chairman, UEM Edgenta just to name a few. Other notable names include Anas Tahir and Mawi from Astro Radio, and current podcast personality Khairy Jamaluddin from Keluar Sekejap podcast series. UEM Edgenta extends its heartfelt appreciation to all who attended and contributed to the success of the event. We look forward to continuing to celebrate diversity, unity, and community spirit in future endeavours.
- May 3, 2024Travel & Leisure
AirAsia Connects India's First UNESCO City - Ahmedabad, to Kuala Lumpur
Yesterday, AirAsia welcomed its inaugural flight from Ahmedabad, India's first UNESCO World Heritage City, further enhancing its India-Malaysia air connectivity. This new route, operating four times weekly, allows travellers to easily explore Ahmedabad's rich cultural heritage and Kuala Lumpur's vibrant city life at affordable prices. Guests onboard today's inaugural flight (AK90) with a 100% load factor received a warm welcome from Deputy Director South Asia Unit of Tourism Malaysia, En. Solehuddin Ahmad, representing the Director General of Tourism Malaysia, as well as AirAsia Allstars. Deputy Director South Asia Unit of Tourism Malaysia, En. Solehuddin Ahmad said: “We wholeheartedly commend AirAsia for their continuous efforts in further expanding air connectivity between our two nations, now with 15 and counting direct routes from India. With this new route and AirAsia’s great value fares, more travellers can visit our beautiful country affordably be it for leisure or business. This is also a much welcomed initiative following the government's recent announcement of visa-free entry for nationals of India to Malaysia.” Group Chief Commercial Officer of AirAsia, Paul Carroll said: “This marks a significant step in our ever evolving journey to cement our foothold in India, one of our biggest and fastest growing markets. We also hope that this connectivity will allow more travellers from India to explore the region beyond Malaysia thanks to our seamless Fly-Through options. We look forward to kickstarting more routes, and creating more memorable travel experiences for our trusted guests.” AirAsia now operates a robust network servicing 15 international routes directly from India to Malaysia with 78 flights weekly on short-haul airline AirAsia Malaysia (flight code AK), from the cities of Trivandrum, Chennai, Tiruchirappalli, Kochi, Hyderabad, Bengaluru, Kolkata, Ahmedabad, Jaipur, Visakhapatnam, Bhubaneswar (flights to commence on 28 May 2024) as well as Kozhikode and Guwahati (flights to commence on 1 Aug 2024). Medium haul affiliate airline AirAsia X Malaysia (flight code D7) also provides two direct routes from New Delhi and Amritsar to Kuala Lumpur with 8 flights weekly. The continued growth in AirAsia services to and from India ensures a comprehensive and seamless travel experience for guests across India and beyond, connecting them to over 130 destinations on the widest low-cost network in Asia. Stay tuned to all-things-AirAsia by following us on Instagram at @ flyairasia .
- May 2, 2024Travel & Leisure
Boutique Brisbane Hotel joins EVT Hotels & Resorts, furthering Invictus partnership
Boutique Brisbane Hotel joins EVT Hotels & Resorts, furthering Invictus partnership EVT Hotels & Resorts announces the hotel management of The Inchcolm, Brisbane, effective today. This announcement marks an extension of their partnership with Invictus Developments and further expansion of the Independent Collection by EVT (ICbE). The Inchcolm, Brisbane – alongside The Old Clare Hotel and Harbour Rocks Hotel – extends EVT Hotels & Resorts and Invictus’ portfolio to three properties, demonstrating the Independent Collection’s ability to offer hotel owners unique and adaptable operating arrangements across all travel segments, including multi-hotel operations. Management of The Inchcolm further enhances EVT’s presence in key CBD locations and boutique hotel offerings. With a revamped guest experience planned for the property and an updated food and beverage offering, EVT will bring their renowned hospitality expertise and local capability. Norman Arundel, EVT's Director of Hotel and Resorts Operations commented on the announcement, “Now a three-hotel partnership under our management, the synergy between Invictus Developments’ investment ambitions in Australia and our operational expertise is continuing to flourish. The Inchcolm, Brisbane is a charming, boutique hotel and a valued addition to the Independent Collection by EVT which continues to present hotel owners with a flexible model for any property type.” Chayadi Karim, CEO of Invictus Developments, says, “Our ambitions within the Australian hotel sector are significant, and partnerships are key to our success. The addition of The Inchcolm, Brisbane under EVT’s management builds upon the expertise and capability injection already demonstrated at The Old Clare and Harbour Rocks Hotels. We look forward to continued momentum across these three hotels.” Located in the heart of Brisbane on historic Wickham Terrace, The Inchcolm is a distinctive, charming hotel with a rich history, delicate features, and breathtaking rooms. With neo-Georgian design, the hotel pays homage to the building’s past as a residency for physicians, including a vintage cage-styled elevator, original woodwork throughout and decorative ceilings. The hotel currently features: 50 guest rooms, mixing heritage styling and city views The Inchcolm Bar, a rich and indulgent affair celebrating local produce and martinis Private event options including ‘The Parlour’ private dining space Conference and meeting room facilities Access to local fitness centre Located on historic Wickham Terrace in Brisbane’s CBD, The Inchcolm is on the doorstep or attractions and businesses, alike.
- May 2, 2024Charity
Coles unleashes new fundraising campaign to support Guide Dogs
Coles has unleashed a new national fundraising campaign for Guide Dogs to help support Australians living with low vision or blindness. Until Tuesday, 21 May, Coles will donate 5 cents to Guide Dogs when customers purchase a dog food product in-store and on Coles Online (excluding pet accessories and treatments and to a maximum of $300,000). Funds raised will help support the work of Guide Dogs to continue to breed, raise and train Guide Dogs across Australia, like Isla who supports 21-year-old Karlee from Shoalhaven, New South Wales. Karlee, who was born legally blind, said having Guide Dog Isla by her side has given her freedom and independence to thrive and navigate the world around her. “Before receiving my Guide Dog, my independence was limited, and I felt extremely restricted and isolated. My world was getting darker and really felt like it was shrinking. Even leaving my house independently was a challenge and filled me with fear and anxiety,” she said. “When I got my first Guide Dog Olympia, I experienced freedom for the first time. Olympia has since retired and last July I was matched up with Isla who allows me to leave my house with confidence and truly has opened up my world so much. The bond I share with Isla is so special and like no other. We trust each other immensely and have a deep level of communication, which allows us to work together as a team. Isla has given me the gift of independence, freedom and constant companionship which I am forever grateful for.” “Due to my lifestyle, I required a very confident and adaptable dog who could work well in a range of dynamic environments. Personality was another big factor involved in matching. Both me and Isla have very similar personalities. We thrive on being active and love exploring new places.” In addition to purchasing a participating dog food product at Coles during the campaign, customers can also support Guide Dogs by ‘feeding’ a Donation Dog with loose change at a Coles supermarket or selected Liquorland and First Choice Liquor Market store year-round. Coles Group Head of Culture & Inclusion Katie Wyatt said Coles is delighted to expand its support for Guide Dogs through the new fundraiser. “Coles is always looking at ways to make the shopping experience - both instore or online - for our customers more accessible and inclusive and we are proud of our long running partnership with Guide Dogs to improve access for Australians living with low vision or blindness,” she said. “Together with our customers, Coles has already raised more than $14 million over 40 years through initiatives such as the Donation Dogs at the front of our supermarkets and Liquor stores. We hope this new and exciting campaign will raise further funds and awareness for Guide Dogs.” Dr Russell Harrison, Guide Dogs GM Dog and Vision Services said funds raised will enable Guide Dogs to not only provide Guide Dogs but a range of other inclusive services. “Creating a world that is accessible and inclusive for people with low vision or blindness is only possible with support from organisations like Coles,” he said. “Coles team members and their customers already show their kindness on a daily basis by ‘feeding’ our Donation Dogs. This campaign will help continue to fund the breeding, raising and training of Guide Dogs as well as a multitude of other essential services. Our thanks go to the team at Coles and their customers whose generous support is changing lives.” For media enquiries, please contact Coles Media Line (03) 9829 5250 or media.relations@coles.com.au
- May 2, 2024Travel & Leisure
AirAsia Cambodia Takes Off!
Fourth from left (Front row): Dato‘ Fam Lee Ee, Chairman of AirAsia X; Datuk Captain Chester Voo, Deputy Group CEO (Airline Operations) of AirAsia Aviation Group; Bo Lingam, Group CEO of AirAsia Aviation Group; Tan Sri Tony Fernandes, CEO of Capital A, Vissoth Nam, CEO of AirAsia Cambodia at the send off ceremony for inaugural flight (KT 102) bound from Phnom Penh to Siem Reap, Cambodia today. AirAsia Cambodia (flight code KT) took to the skies today and celebrated its inaugural domestic flight from Phnom Penh to Siem Reap with almost 100 per cent passenger load. All guests travelling to Siem Reap on flight KT102 were sent off by Bo Lingam, Group CEO of AirAsia Aviation Group and Vissoth Nam, CEO of AirAsia Cambodia, along with AirAsia management and Allstars. The new airline's very first flight departed from Phnom Penh International Airport at 7:40am and landed at Siem Reap Angkor International Airport at 8:30am local time. Subsequently, the airline will also connect Siem Reap to Sihanoukville today, connecting three domestic destinations within Cambodia. These initial routes underscore AirAsia Cambodia’s commitment to enhancing connectivity and providing affordable and convenient travel options for Cambodians and visitors alike. Vissoth Nam, CEO AirAsia Cambodia said: “The launch of our first domestic flights today marks the beginning of a new chapter in Cambodia's tourism industry, one where accessibility meets affordability. By providing great value and reliable air travel options, we are empowering Cambodians to explore their own backyard and fostering economic prosperity through increased tourism and business opportunities. “The timing of AirAsia Cambodia's domestic flight launch is also opportune, coinciding with the government's concerted efforts to attract more tourists to the culturally rich province of Siem Reap through the recently launched ‘Visit Siem Reap 2024’ campaign. “AirAsia Cambodia is proud to be at the forefront of this transformative journey in shaping Cambodia's aviation future and we remain committed to supporting the government's tourism initiatives across the country by providing affordable travel options for all.” Bo Lingam, Group CEO of AirAsia Aviation Group said: “We are honoured to jointly celebrate the birth of our seventh AirAsia branded airline with our guests. Leveraging our strong foothold in ASEAN, AirAsia Cambodia is set to provide connectivity to over 130 destinations across Asia and beyond. With a track record of unlocking opportunities in underserved markets, we’re poised to catalyse a new era in Cambodia’s tourism industry and economy by making regional exploration more accessible to all.” As a Group, AirAsia flies to Cambodia internationally from its Kuala Lumpur and Bangkok hubs with 63 flights weekly. Domestically from today, the airline flies between Phnom Penh, Siem Reap and Sihanoukville with daily flights.
- May 1, 2024Apps & Software
Suntory Holdings’ Spirits Arm Beam Suntory Rebrands to Suntory Global Spirits
Beam Suntory, a world leader in premium spirits, announced that it has rebranded to Suntory Global Spirits, reflecting the company’s evolution into a truly global leader across categories in spirits and Ready-to-Drink cocktails. The new name is introduced as Suntory Holdings marks 10 years of sustained, profitable growth of its spirits business since acquiring Beam Inc. in 2014. The now Suntory Global Spirits has grown significantly over this time period – including from a $2.5 billion-dollar company to a $5.5 billion-dollar global spirits powerhouse today – and its team has also expanded, now comprised of more than 6,000 employees around the world. “ Now is the right moment to deepen our shared passion for the innovation and artistry that deliver incredible experiences through our products and fully unlock our unified advantage across our leading spirits portfolio ,” said Tak Niinami, President & CEO of Suntory Holdings, and Executive Chairman of the Board of Directors, Suntory Global Spirits. “ Since the acquisition of Beam Inc. in 2014, the company has gone through an incredible transformation to become an even stronger organization, led by our shared values of Growing for Good, Yatte Minahare and Giving Back to Society. We’re grateful to the entire global team under Greg’s leadership as we continue to inspire the brilliance of life in harmony with nature and grow the trust and love that people have for Suntory around the world. ” “ Suntory Global Spirits demonstrates our global leadership and premium position in the market, while enabling us to build upon the strong and positive brand recognition that Suntory has worldwide, ” said Greg Hughes, President & CEO of Suntory Global Spirits. “ The dedication that Suntory CEO Tak Niinami and Suntory Holdings have shown to advancing our culture and business growth – while also preserving the legacy of craftsmanship and interplay of traditions exemplified in brands from Jim Beam to Laphroaig and Maker’s Mark to Yamazaki – is extraordinary. Becoming Suntory Global Spirits is the natural next step in our evolution. ” The rebrand highlights the company’s unmatched focus on quality, craftsmanship and sustainability, and is expected to help Suntory Global Spirits drive value as one global team to become the World's Most Admired Premium Spirits Company . To learn more about Suntory Global Spirits, visit its new website at suntoryglobalspirits.com . About Suntory Group As a global leader in the beverage industry, Suntory Group offers a uniquely diverse portfolio of products, from premium spirits, beer, wine, ready-to-drink alcohol beverages, to brewed teas, bottled water, still and carbonated soft drinks, ready-to-drink coffee and energy drinks, along with health and wellness products. Suntory is home to award-winning Japanese whiskies Yamazaki , Hibiki and Hakushu, as well as iconic American spirits Jim Beam and Maker's Mark . Suntory also fascinates the taste buds with The Premium Malt's beer, and owns the exceptional Japanese wine, Tomi, and the world-famous Château Lagrange . Its brand collection includes Sauza Tequila , non-alcoholic favorites Orangina , Lucozade , Ribena , BOSS coffee, Iyemon green tea, Suntory Tennensui water, TEA+ Oolong Tea , V and BRAND’S , as well as popular health and wellness product Sesamin EX . Founded as a family-owned business in 1899 in Osaka, Japan, Suntory Group has grown into a global company operating throughout the Americas, Europe, Africa, Asia and Oceania, with an annual revenue (excluding excise taxes) of $20.9 billion in 2023. Its 41,511 employees worldwide draw upon the unique blend of Japanese artisanship and global tastes to explore new product categories and markets. As a corporation sustained by the gifts of nature and water, Suntory Group will always protect the ecosystems that deliver water. Because its ecosystem is the wellspring, not only of its business and the rich experiences the group creates for people's lives, but also of human life itself. Suntory Group will continue to be a company where everyone is empowered with the freedom and flexibility to innovate. Through all of its corporate pursuits, Suntory seeks to inspire the brilliance of life. Learn more about Suntory Group, its brands, and its commitment to social responsibility and sustainability at www.suntory.com , on Facebook , X , Instagram , LinkedIn , and YouTube . About Suntory Global Spirits As a world leader in premium spirits, Suntory Global Spirits inspires the brilliance of life by creating rich experiences for people, in harmony with nature. Known for its craftsmanship of premium whiskies, including Jim Beam® and Maker's Mark®; Japanese whiskies, including Yamazaki®, Hakushu®, Hibiki® and Toki™; and leading Scotch brands including Laphroaig® and Bowmore®, Suntory Global Spirits also produces leading brands such as Tres Generaciones® and El Tesoro® tequila, Roku™ and Sipsmith® gin, and is a world leader in Ready-to-Drink cocktails, with brands like -196 and On The Rocks™ Premium Cocktails. A global company with approximately 6,000 employees in nearly 30 countries, Suntory Global Spirits is driven by its core values of Yatte Minahare, Growing for Good and Giving Back to Society. The company’s Proof Positive sustainability strategy includes ambitious goals and investments to drive sustainable change and have a positive impact on the planet, consumers and communities. Headquartered in New York City, Suntory Global Spirits is a subsidiary of Suntory Holdings Limited of Japan. For more information, visit www.suntoryglobalspirits.com and www.drinksmart.com .
- May 1, 2024Travel & Leisure
AirAsia Cambodia heralds a new chapter for Cambodian travel and Asean integration
From left to right: Vissoth Nam, CEO of AirAsia Cambodia; His Excellency Dr. Mao Havannall, the Minister in Charge of State Secretariat of Civil Aviation; Tony Fernandes, CEO of Capital A at the commemoration ceremony of AirAsia Cambodia at Phnom Penh today. AirAsia today proudly announced the commencement of its seventh airline, AirAsia Cambodia (flight code KT), marking a significant step forward not just in the country’s aviation landscape but strengthening Asean as a vibrant aviation hub. AirAsia Cambodia is poised to commence its operations on Thursday, 2 May 2024, following the handover of its Air Operator's Certificate (AOC) on Tuesday. With an initial fleet of two Airbus A320s, the airline will operate from the bustling hub of Phnom Penh International Airport (PNH), connecting travellers to the iconic cities of Siem Reap and Sihanoukville, and beyond through hubs in Kuala Lumpur and Bangkok. The start of the new airline represents an important milestone for the AirAsia Group as it recently announced its “ONE Airline” strategy. AirAsia Cambodia is now well-positioned to become a formidable force in low-cost air travel across the country and beyond, leveraging the group’s core strength to drive customer and operational excellence for sustained growth and profitability. Tony Fernandes , CEO of Capital A said: “Today is a historic day for AirAsia as we open a new chapter in Cambodia whose story of perseverance, resilience, and growth deeply inspires us. We wish to express our sincere gratitude to the Secretariat of State Civil Aviation (SSCA) of Cambodia for awarding the Air Operator's Certificate to AirAsia. “The wealth of opportunities present in Cambodia, a country with huge economic potential is truly compelling given its strategic location within the Asean region. Cambodia's economic growth trajectory and increasing integration into the global economy position it as a key player in the region's development landscape. “AirAsia's expansion into Cambodia underscores our profound grasp of the Asean market. Cambodia's dynamic population of 17 million and its growing youth segment present a substantial consumer base and an opportunity to cater to domestic demand whilst contributing to its economic progress. As AirAsia Cambodia prepares for takeoff, we are excited to leverage these opportunities to a broader ecosystem across our Capital A lines of business. From our digital businesses, such as online booking app AirAsia MOVE to fintech BigPay, logistics Teleport, and Capital A Aviation Services Group, including our MRO service provider Asia Digital Engineering, we look forward to integrating a wide range of services that will strengthen our capabilities of offering unrivalled services to the Asean community.” Vissoth Nam, CEO of AirAsia Cambodia said: “AirAsia has a long history in Cambodia and we are proud to chart a new milestone not only for the airline industry in the region but for the country today. “AirAsia Cambodia is a testament to Cambodian ingenuity and dedication, tailored to serve the needs of our people which is above and beyond mere transportation. With our roots firmly planted in the country’s soil, we are committed to uplifting communities, empowering entrepreneurs, and fostering economic growth with a multiplier effect. “The enhanced air connectivity has also contributed to the steady growth of the Asean tourism industry at an annual average rate of almost 10 per cent in the last decade. As AirAsia Cambodia joins the fray, we are poised to further expand on this growth while unlocking new experiences and opportunities for millions of Cambodians at the best value and world’s best services. “As a homegrown airline, we are also deeply humbled by the support received from Samdech Moha Borvor Tiphadei Hun Manet, the Prime Minister of the Kingdom of Cambodia for our establishment, reaffirming our shared commitment to providing accessible travel options for Cambodians. With his invaluable support, we stand poised and confident in our ability to connect communities, facilitate economic exchange, and foster cultural ties across the region. His endorsement further strengthens our resolve to catalyse positive change and prosperity within Asean and beyond starting with Cambodia.” As a group, AirAsia serves a total of six routes into Cambodia from Kuala Lumpur and Bangkok, carrying 1.3 million guests into the kingdom historically. AirAsia Cambodia will be announcing its international destinations in the next quarter following a careful assessment of demand and market dynamics.
- April 30, 2024Education
New partnership to support Indigenous education outcomes
SEDA Group enables more Indigenous students to complete their education Credit: Vicinity Centres Vicinity has partnered with SEDA Group to enable more Indigenous students to complete year 11 and 12 education through independent SEDA Colleges in WA, NT and SA. SEDA Colleges use a unique student-centred approach to learning that provides education in local community settings including sport, recreation, community, and trade facilities as well as time on country for cultural learning. The official three-year partnership follows a collaboration in 2022 that raised funds for eight scholarships for Indigenous students to attend SEDA Colleges and complete their senior education. SEDA Colleges use a unique student-centred approach to learning. Credit: Vicinity Centres Vicinity Centres Sustainability Manager – Community Karen Woo said the official partnership builds on a commitment to support further educational outcomes, facilitate employment pathways and advance reconciliation. “We have a responsibility to not only build strong relationships with First Nations people but to also shape meaningful places that acknowledge and recognise their link to Country,” Ms Woo said. The first year of the partnership will focus on students in Western Australia, South Australia and the Northern Territory. The partnership with SEDA is part of Vicinity's broader sustainability program. Credit: Vicinity Centres SEDA Group CEO Nick Hannett said the partnership will allow SEDA Colleges in WA, SA and NT to increase the number of Indigenous young people who access the unique SEDA education model. “The partnership will ultimately result in more Indigenous young people completing their senior secondary education in culturally supportive learning environments and creating meaningful pathways for their futures.” In FY23 Vicinity contributed $4.5 million in community investment through targeted community programs. Find out more Sustainability at Vicinity Download full content pack About Vicinity Centres We are one of Australia's leading retail property groups, who are reimagining the way Australians live, work and play. We own and manage some of the most recognisable and loved retail destinations across Australia and are evolving to transform our portfolio into destinations that offer a broad selection of retail, residential, and office spaces. For further information contact: Corporate Communications media.relations@vicinity.com.au
- April 30, 2024Food & Beverage
ofi cocoa shares how transparency and traceability are driving sustainability impact for food & beverage sector
ofi (olam food ingredients), a global leader in naturally good food and beverage ingredients, says developments in data and technology – from granular deforestation mapping and child labor monitoring to AI-powered carbon measurement tools – are accelerating progress towards its Cocoa Compass sustainability ambition. It is also providing food and beverage companies with enhanced traceability and transparency ahead of new regulations in Europe and beyond. The latest Cocoa Compass highlights based on 2022 data include: New analysis showing over 30,168 farmers in ofi’ s cocoa supply chain are earning a living income1, putting the business on track to reach its 2030 target of 150,000 cocoa farmers earning a living income. A 395% increase in the number of children receiving education support in 2022, compared to the 2018 baseline. A 15% increase in the number of households covered by ofi ’s Child Labor Monitoring and Remediation System (CLMRS). 6 million trees distributed by ofi, working with its customers and partners, for agroforestry and income diversification, from 2018 to 2022. 79% of farms in ofi’ s sustainability programs have been polygon mapped2. "We are proud to be working together with ofi and the Hershey Company to encourage cocoa farmers to adopt more sustainable agriculture practices—like diversifying their crops and allowing more trees to remain on their land—which will strengthen their resilience against climate shocks and improve their livelihoods3.” Jeff Cohen United States Agency for International Development (USAID), Indonesia Mission Director, Critical to delivering impact with USAID and other partners is technology. ofi ’s latest advancements leverage the capabilities of its sustainability management system, AtSource . This technology can be available to customers upon request, providing companies with detailed data and insights on where and how their cocoa and other ofi ingredients4 are sourced, including their social and environmental impact. It also complements specific solutions that ofi is implementing to prepare for the incoming European Deforestation Regulation (EUDR). The technology includes: A Carbon Stock Monitoring and Measurement tool5 – created in partnership with geospatial specialists NGIS – uses AI-powered analysis to provide high-quality data on forest cover and tree loss to help customers monitor for deforestation, as well as understand how interventions like agroforestry and shade tree planting affect carbon stocks across different plots of land. An award-winning6 Carbon Scenario Planner that enables customers to understand the impact of different agricultural practices on GHG emissions and model the most efficient methods for reducing greenhouse gas emissions in their supply chain and delivering on their Scope 3 emissions targets. An updated Cocoa Farmer Income Tool, which shows detailed income estimates for a representative sample of farmers in ofi ’s cocoa sustainability programs. The tool provides a clearer picture of where actions on the ground are helping cocoa farmers earn more, as well as where customers can partner with ofi on initiatives to help close income gaps. The granularity of our data, coupled with our extensive footprint on the ground in origin countries and strong relationships with farmers, means we can continue to move the needle with collaborators like USAID. We’re also investing in technology to help some of the world’s biggest food and beverage brands meet the demand from their consumers for delicious, on-trend products with robust sustainability credentials. I’m incredibly grateful that our customers continue to partner with us on our Cocoa Compass sustainability journey. Although there are no easy solutions to the complex challenges facing cocoa farmers and the natural world, I'm proud of the impact we’re having together. Tejinder Singh Saraon ofi Cocoa, Managing Director & CEO Cocoa Compass was launched in 2019 as ofi ’s ambition to collaborate with its customers, partners, and governments to play its part in making the future of cocoa more sustainable. It set challenging 2030 goals in alignment with the United Nations Sustainable Development Goals (UNSDGs). In 2020, the company achieved its first set of Cocoa Compass targets, which included implementing 100% traceability and deforestation monitoring in its direct cocoa supply chain to farm or community7. ofi now plans to announce a refreshed Cocoa Compass ambition in the latter half of 2024. This will not only incorporate learnings from the past five years and leverage the impact of its on-the-ground programs in cocoa communities but also reinforce ofi ’s broader sustainability strategy. Discover much more about what ofi has to offer at ofi.com . ofi’s full Cocoa Compass 2022 Impact Report ------------ 1 The analysis covered a broad sample of farmers from ofi ’s sustainability programs. ofi adopts the guidance of the Living Income Community of Practice (LICOP): “The net annual income required for a household in a particular place to afford a decent standard of living for all members of that household. Elements of a decent standard of living include food, water, housing, education, healthcare, transport, clothing, and other essential needs including provision for unexpected events.” ofi is working with LICOP and others to develop living income metrics, acknowledging that consensus for a globally accepted methodology requires time and that specific norms and methods may vary from region to region. 2 Polygon mapping not only maps the landscape around a cocoa farm but traces its perimeter using GPS polygons and can ensure that the volume of cocoa purchased respects the farm’s capacity. 3 The program is called the Landscape Approach to Sustainable and Climate Change Resilient Cocoa and Coffee Agroforestry (LASCARCOCO). 4 The Carbon Stock Monitoring and Measurement tool and the Carbon Scenario Planner are being used by ofi’s cocoa, coffee and nuts platforms. The Farmer Income Tool referenced is currently only available for ofi ’s cocoa platform. 5 Shortlisted for Edie-Net Zero Innovation Award 2024 6 Winner of the Sustainability Innovation Award category at the FIE Awards 2023. 7 Volumes procured directly from farmers or from farming co-operatives, farmer groups, community/ growing areas, or their representatives (including Local Buying Agents who are restricted to a specific community/growing area). ------------ Back to All News About ofi ofi (olam food ingredients) is a new operating group born out of Olam International . ofi offers sustainable, natural, value-added food products and ingredients so that consumers can enjoy the healthy and indulgent products they love. It consists of industry-leading businesses of cocoa, coffee, dairy, nuts, and spices. ofi has built a unique global value chain presence including its own farming operations, farm-gate origination, and manufacturing facilities. ofi partners with customers, leveraging its complementary and differentiated portfolio of ‘on-trend’ food products, to co-create solutions that anticipate and meet changing consumer preferences as demand increases for healthier food that’s traceable and sustainable. To subscribe to the ofi newsroom, please visit www.ofi.com (privacy statement here ). If you do not wish to receive information from ofi please contact media@ofi.com . Follow @ofi-group on LinkedIn. About Olam Group Olam is a leading food and agri-business supplying food, ingredients, feed and fiber to 17,300 customers worldwide. Its value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 5 million farmers. Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalization on SGX-ST. Since June 2020, Olam has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency. The FTSE4Good Index Series identifies companies that demonstrate strong Environmental, Social and Governance (ESG) practices and is used by a variety of market participants to create and assess responsible investment funds. More information on Olam can be found at www.olamgroup.com . If you do not wish to receive information from Olam, please contact media@olamnet.com . To subscribe to the Olam Newsroom select ‘Subscribe’ at the top of this page . Follow @olam on LinkedIn. For Further Information: Contacts for ofi communications: Laura TattamHead of Cocoa Communications, ofi laura.tattam@ofi.com Issued on behalf of ofi by Teneo: +44 20 7260 2700 oficocoa@teneo.com
- April 30, 2024Gadgets
Fujifilm Launches Nanoimprint Resist Compatible with Nanoimprint Lithography
FUJIFILM Corporation (President and CEO, Representative Director: Teiichi Goto) today announced the launch of the Nanoimprint Resist. The Nanoimprint Resist is a semiconductor material compatible with nanoimprint lithography semiconductor manufacturing technology and will be provided in Japan through FUJIFILM Electronics Materials Corporation (President: Shigeki Kobayashi), a core company in the electronic materials business. Driven by high-speed, high-capacity communications through 5G/6G, the expansion of autonomous driving, and the spread of AI and the metaverse, demand for advanced semiconductors with higher performance is expected to increase. Last year, nanoimprint lithography was commercialized as a new manufacturing technology that can produce high-performance semiconductors at low cost and with low power consumption. Unlike photolithography, which is widely used in semiconductor manufacturing, nanoimprint lithography does not require development and rinse processes or complex optical systems for exposure. Nanoimprint lithography is expected to expand particularly in the advanced semiconductor segment as it offers the advantage of producing high performance semiconductors at lower cost and with lower power consumption than photolithography. The Nanoimprint Resist is newly designed with a molecular structure optimized for nanoimprint lithography. It was developed based on detailed analysis of the resist’s flow behavior during the imprinting process and the interaction of resist with wafer surfaces and masks, utilizing the knowledge and technology that the company has cultivated in the development of photoresists. The Nanoimprint Resist can quickly and uniformly fill the complex circuit patterns engraved on the mask, and transfer and form nanometer-scale circuit patterns in a short time. Furthermore, after curing by UV radiation, the Nanoimprint Resist shows excellent mold-releasing properties that do not cause loss of circuits even when the mask is removed at high speed. This enables the improvement of throughput - patterning throughput per hour - and yield improvement due to low defects, which have been issues for the practical application of nanoimprint lithography and contributes to cost reduction and energy saving in the manufacturing of advanced semiconductors. In addition, by utilizing the technology Fujifilm has cultivated through the development of industrial inkjet printers, the company has realized a formulation design that allows the optimum amount of droplets to be applied to the wafer surface using an inkjet method. Compared to the spin-coating method*1 used in the current manufacturing process, the amount of resist used can be reduced to approximately 1/100*2. The Nanoimprint Resist uses a hydrocarbon compound as a release agent instead of per- and polyfluoroalkyl substances (PFAS), a group of synthetic chemicals whose use is increasingly regulated due to concerns over their impact on the environment and ecosystems. By providing its Nanoimprint Resist, Fujifilm will continue to promote the spread and expansion of new manufacturing technology that contributes to cost reduction and power saving in the leading-edge semiconductor manufacturing. Fujifilm provides photoresists, process chemicals, polyimides, and other process materials for semiconductor manufacturing from front-end to back-end processes, as well as Wave Control Mosaic (WCM) such as color filter materials for image sensors. As a semiconductor materials manufacturer providing one-stop solutions covering from leading-edge to legacy semiconductors, Fujifilm is working to meet the needs of customers and solve their issues. With the addition of the Nanoimprint Resist suitable for cutting-edge semiconductors to its product lineup, Fujifilm will continue to contribute to the further development of the semiconductor industry by offering these wide-ranging products and developing products compatible with new manufacturing technologies. *1 A method of creating a resist thin film by dropping resist onto a wafer and rotating the wafer at high speed. *2 Trial calculation by Fujifilm Contact Media contact FUJIFILM Holdings Corporation Corporate Communications Division, Public Relations Group +81-3-6271-2000 Customer contact FUJIFILM Corporation Electronic Materials Business Division +81-45-534-8824 * Please note that the contents including the product availability, specification, prices and contacts in this website are current as of the date of the press announcement and may be subject to change without prior notice.
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