Kingsoft Cloud’s Dual Primary Hong Kong Listing: Resilience Rooted in Technology-based Business, High-quality Development Expected from Improving Profitability

30 12 月, 2022
HONG KONG, Dec 30, 2022 - (ACN Newswire via SEAPRWire.com) - On December 30, Kingsoft Cloud (3896.HK) was officially listed on the Main Board of the Hong Kong Stock Exchange, becoming the "finale" of homecoming listing of Chinese ADRs in 2022. The dual-primary listing provides investors with greater protection and flexibility in terms of trading venues and hours, while listing by way of introduction prevents dilution and regarded as responsible for existing shareholders.With deep devotion on and cultivation of the industry for ten years, Kingsoft Cloud adhered to building a technology-based business, stayed at the frontier of cloud-native, hybrid cloud, big data and other cutting-edge technologies, and achieved industry practice-and-technology integration. In combination with in-depth understanding of strategically selected verticals, Kingsoft Cloud accomplished fast growth in both business scale and financials. Total premium customers increased from 243 in 2019 to 597 in 2021; revenue CAGR between 2019 and 2021 was 51.3%, significantly outpacing the broader industry's 36.4%.In the past year, the overall industry was under pressure due to market headwinds and the impact of COVID-19. Kingsoft Cloud made proactive adjustments, allocated resources in favor of more profitable products and projects to achieve improved sustainability, profitability and operating cash flow. A number of analysts noted that the Company's gross margin improved significantly in recent 3 quarters, and recorded operating cash inflow for 2 consecutive quarters, well received by the market such that the Company's share price has nearly doubled from the end of September to December 28. Analysts pointed out that such financial improvements are expected to continue, laying a solid foundation for the stock price to further recover.Kingsoft Cloud has always been strongly supported by the strategic shareholders Xiaomi and Kingsoft Group. According to the management in recent results roadshow, Kingsoft Cloud, in its future development, will further strengthen collaboration with strategic shareholders in their digital transformation, as well as with the broader ecosystem, and actively explore opportunities in high-value verticals. It is noted that there are 800+ enterprises in the Lei Jun Ecosystem, among which Xiaomi and Kingsoft Group alone have many businesses that are inherently highly compatible with cloud computing, such as office collaboration, gaming, IoT, smartphone cloud storage and computing, as well as electric vehicle. All of these are potential growth opportunities that Kingsoft Cloud may actively explore out of its proximity advantages.Zou Tao, Vice Chairman and CEO of Kingsoft Cloud, said, "Listing in Hong Kong is an important milestone in the Company's 10th anniversary, and the Company stands ready for the new decade. First, we will continue to invest in technology, focus on core business, and return to the essence and original aspiration of cloud; second, we will evaluate customers and projects, control costs, balance revenue scale and profitability; meanwhile, we will strengthen ecological synergy, tap into high-quality business opportunities in strategically selected verticals."He Haijian, CFO of Kingsoft Cloud, also said, "Primary listing in Hong Kong will broaden our investor base, facilitate our participation in Hong Kong Stock Connect, and open up investment cooperation channels to more Chinese mainland investors. We will maintain the structure of the one-share-one-vote, which is rare among Chinese ADRs, and widely respect and adopt the advice of public investors. We will continue to attach importance to ESG and data security to ensure the stability and security of our services. " Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Yoga’s Kashmir Connection: Time for Revitalisation ACN Newswire

Yoga’s Kashmir Connection: Time for Revitalisation

30 12 月, 2022
SINGAPORE, Dec 29, 2022 - (ACN Newswire via SEAPRWire.com) - The social tapestry of the valley of Kashmir is vibrant, diverse and layered. From the relics of its Buddhist past to its long history of association with Vedic practices, Kashmir is truly as multifaceted as it can get. Apart from its resplendent beauty, Kashmir has also been at the forefront of leading the mantle as a site of spirituality. Its connection to Yoga, in particular, traces its history back to the time of Adi Shankara, who is believed to have visited the valley in the 8th century CE. A proponent of Advaita philosophy, Adi Shankara advocated ideas related to spiritual oneness, attained as it was to be through meditative practices and consciousness about the Self. It is no surprise then that the Valley of Kashmir is full of places, monuments and sites named after the founder of Advaitism.Speaking of Adi Shankara's cultural import, the Jyeshteshwara Temple, which is the oldest temple in the Kashmir Valley, is more commonly known as Shankaracharya Temple. Dedicated to the Hindu God, Lord Shiva, this temple and its adjacent land have been declared sites of national importance. They are protected by the Archaeological Survey of India. Also, it is interesting to note that despite its inclusion within the folds of Hinduism, the temple and the hill on which it is located have been relevant to Buddhist and Persianate cultures alike. Accordingly, where the architecture of this temple is essentially Buddhist, the hill, which otherwise goes by the name of Gopadiri, is also known as Koh-e-Suleman and Takht-i-Sulaiman.In addition to being a known seat of spirituality, the Shankaracharya Temple has a historic connection to Yogic practices. Connecting yoga to meditation, it was Adi Shakara who came to establish a tradition of meditative contemplation that could help in attaining a sense of spiritual oneness of the Self, i.e. Atman with the Universal reality, i.e. Brahman. For Shankaracharya, yoga was essentially a tool that could help in steadying one's mind and which, when combined with the study of the Upanishads, could help in attaining moksha, or salvation. Rejecting the need for an absolute suppression of desire in favour of the conscious withdrawal of the mind from sense objects, Adi Shankara approached yoga, particularly Jnana Yoga (yoga of knowledge), as the most optimal means to achieving higher knowledge about oneself. Indeed, the goal self-realisation is not simply attained through the renunciation of the material world. Instead, spiritual awakening often comes about as a result of a disciplined training of the mind and body, in which yogic meditation can be of immense help.Latching on to this potential of yogic practices, the members of Yoga Library Singapore made their way to the Kashmir Valley last month. Having conducted yoga retreats in South East Asia, including Bali, Bangkok and Vietnam, their recently organised retreat in Kashmir marked their maiden foray into the Indian yoga market. In fact, in a way, choosing Kashmir as their first port of entry, so to speak, allowed the Library to give Kashmir its due by highlighting the contribution of the Valley to the larger yogic landscape.According to Anand Goyal, co-founder of the Library, Kashmir Shaivism Yoga is at least 1200 years old. In fact, Goyal went on to observe that unlike what may have ordinarily been thought of, "yoga is not frowned upon in the Kashmir Valley (which is predominantly Muslim)". Apart from building on the vast historical capital that yoga has in the Valley, the Library maintains that the place itself, courtesy of its pitcuresque environs, is a "good place to do yoga ". For that matter, Goyal believes that the Library came to Kashmir at an appropriate juncture just when the Valley is recovering from the after-effects of COVID and lockdowns.Kashmir's growing interest in yoga and other meditative practices was recently demonstrated as the union territory came to host a "Yogasana" competition. Organised in Srinagar by the Jammu and Kashmir Sports Council and Jammu and Kashmir Yogasana Association, more than 300 more people competed in different age categories in the event. According to reports, the competition was not only meant to give the youth of the Valley an opportunity to participate and compete at national and international events on yoga. But, at the same time, use such collective events as occasions to create further awareness about social evils, such as drug abuse, with the objective of combating them.The newfound momentum around yoga in Kashmir comes as an exciting and encouraging new development. Apart from helping the Valley promote itself as a spiritual retreat for the domestic audience, the international traction it is gaining on these grounds will certainly help Kashmir project itself in a new and different light. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Fujitsu’s Digital Annealer achieves excellent results in the Kutxabank project of requesting assets from its investment portfolios JCN Newswire

Fujitsu’s Digital Annealer achieves excellent results in the Kutxabank project of requesting assets from its investment portfolios

22 12 月, 2022
TOKYO, Dec 22, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu's quantum-inspired solution, Digital Annealer, has achieved excellent results in the ambitious project that the financial institution Kutxabank is developing to improve the allocation of assets to its investment portfolios.A project in collaboration with the company Quantum Mads and the open innovation platform INNOLAB Bilbao. The first phase, carried out from February 2021 to July 2022 as a proof of concept, has concluded with excellent results and directly enables the start of the second phase that will lead to the industrialization of the algorithm.During the proof of concept, the performance of the solution that has been developed using Fujitsu's Digital Annealer has been compared to the entity's current classic solution, taking into account both the return and the associated risk or volatility, with significant improvements being observed in both cases. Fujitsu's Digital Annealer has made it possible to calculate the optimal distribution of investments to be made, through a series of extremely complex permutation operations. For its part, Quantum Mads developed an algorithm that reduced the number of variables needed to formulate the problem.The second phase of the project, whose completion is scheduled for December 2023, aims to optimize the processes already in place, and incorporates new functionalities by interacting quantitatively with the model in a real and current environment. The goal for Kutxabank is to create a prototype capable of detecting needs and opportunities that are covered, with a technological solution in a real environment, and that concludes with the start-up of the solution based on the prototype.A model at the forefront of the systemThe model created applies quantum computing to the most computationally expensive tasks, at the forefront of the system, to organize investment strategies through asset allocation. It consists of choosing and distributing financial assets in an investment portfolio, one of the most important decisions faced by management companies. It has been accurately demonstrated that it is capable of processing large volumes of historical data, from the last 3 years, and improving its dynamic adaptation to financial markets.Fujitsu Digital AnnealerFujitsu's Digital Annealer is the quantum-inspired digital technology architecture that harnesses innovations in high-density circuit integration and high-performance processing. This innovative architecture is inspired by the key features of quantum computing (superposition and quantum tunneling), allowing the Digital Annealer to evaluate a large number of potential options simultaneously and deliver lightning-fast responses.The current generation Digital Annealer has the ability to solve problems with up to 100,000 variables, which substantially expands the scale of problems that can be solved at the same time, optimizing their accuracy and performance.This solution has proven to be the best in its class for quickly finding an optimal solution when there are an extremely large number of possible combinations.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Indonesian new criminal code respects privacy, human rights ACN Newswire

Indonesian new criminal code respects privacy, human rights

19 12 月, 2022
JAKARTA, Dec 19, 2022 - (ACN Newswire via SEAPRWire.com) - Indonesia clarifies that the New Criminal Code was drafted carefully and obeys Human Rights aspects, following the emergence of reactions related to the ratification of the code.Deputy Minister of Law and Human Rights Edward Omar Sharif Hiariej on Friday stated the criminal code was drafted carefully by paying attention to the balance of the interests of individuals, the state, and the public and by taking into account Indonesia's multi-ethnic, multi-religious, and multi-cultural condition.Some of the articles criticized by the public include those related to privacy, freedoms of the press, and human rights. One of the issues is regarding the adultery and cohabitation articles in the code.Hiariej clarified that the adultery and cohabitation articles are complaint-based. Thus, the perpetrator should only be prosecuted on the basis of a complaint, which can only be made by their spouse (for those who are married) or parents or children (for those who are not married).The articles, he says, are aimed at protecting people from acts of arbitrariness. "When these articles are regulated in the criminal code, there would definitely be no raids," he added.Additionally, the Spokesman of the Dissemination Team of the New Criminal Code, Albert Aries, clarified the criminal code has never given additional administrative requirements for tourism players to question people about their marital status. Aries affirmed that people's privacy is still guaranteed by law in Indonesia, of course, without reducing respect for the values that the country holds.A criminologist from the University of Indonesia, Adrianus Meliala, expressed optimism that the implementation of the cohabitation article will not violate human rights since it is complaint-based. He said that law enforcement officers must face the discourse with real actions.Apart from adultery and cohabitation, freedom of expression and freedom of the press are among the issues that have been addressed.Regarding freedom of expression, deputy minister Hiariej stated that the new criminal code made a clear distinction between critics and defamation. He explained that critics should not be criminalized as they are in the interest of the public in a democratic society, while defamation is deemed a criminal act in any country. He further said that the freedom of the press is also ensured as the criminal code adopted one of the provisions of the Law on the Press, which states that critics are a form of supervision or public scrutiny.The spokesman Aries affirmed that the criminal code is in accordance with human rights. "It is not true to say that the Indonesian Criminal Code is inconsistent with human rights," he stated. The criminal code, says Aries, regulates everything by paying attention to the balance between human rights and human obligations.In order to pay respect to the general law principles that apply universally, the criminal code adopts the substance of the Convention for the Protection of Human Rights and Fundamental Freedoms (Treaty of Rome 1950). The code also adopts the International Covenant on Civil and Political Rights (the New York Convention, 1966), and the Convention against Torture and other Cruel, Inhuman or Degrading Treatment or Punishment, December 10, 1984.Written by: Raka Adji, Editor: Rahmad Nasution (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Indonesia encourages ASEAN-EU partnership conducted based on equality ACN Newswire

Indonesia encourages ASEAN-EU partnership conducted based on equality

18 12 月, 2022
JAKARTA, Dec 18, 2022 - (ACN Newswire via SEAPRWire.com) - Indonesian President Joko Widodo attended the 45th ASEAN-European Union (EU) Commemorative Summit held in Brussels, Belgium on Wednesday (December 14).In his remarks at the Summit, President Jokowi stressed that the partnership between ASEAN and the European Union countries must be based on equality and there should be no coercion. "If we want to build a better partnership, that partnership must be based on equality and without coercion. There can no longer be parties who always dictate and think that their standard is better than others," he stated. Jokowi said that the 45 years of ASEAN and the European Union partnership had produced some good results.However, he also acknowledged that not all partnerships can always be good so that some differences must be resolved to create a good one. Therefore, Jokowi asked member countries of the European Union to be able to partner in equality with ASEAN countries.President Widodo had encouraged that the good relation and economic cooperation between the two regional organizations and all countries in the two regions must continue to be strengthened.Earlier, he also stated that Indonesia has always encouraged closer cooperation between ASEAN and the EU, who has been an important trading partner of ASEAN. "The trade value between ASEAN and the European Union in 2021 reached US$268.9 billion. The value is the third largest after China and the United States," he said.Apart from trade, Jokowi also mentioned that the European Union also plays an important role in foreign direct investment in ASEAN region, with an investment value of up to US$26 billion in 2021, which is the second largest investment after China. Vice versa, ASEAN is an increasingly important partner for the EU given the region's steady economic growth.For decades, ASEAN has become an economic powerhouse that offers mutually beneficial cooperation since it has the productivity advantage from each country in the region. "All projections say that Southeast Asia will remain a center of growth. Thus, the partnership with ASEAN will certainly be profitable," Jokowi pointed out.In fact, the International Monetary Fund (IMF) estimates that the ASEAN region's economy will remain stable with growth reaching 4.3 percent amid the possibility of a multidimensional crisis at the global level in 2023.Such an estimation is also reflected on the theme that Indonesia will carry out during its chairmanship in ASEAN next year -- "ASEAN Matters: Epicentrum of Growth", with three priority agendas, namely recovery-rebuilding, digital transformation, and sustainability.Based on survey from the EU-ASEAN Business Council, some 63 percent of respondents view ASEAN as the region with the best economic opportunities. Meanwhile, 69 percent of respondents expect the ASEAN market to become more important in terms of global revenue in the next two years. Moreover, some 97 percent of respondents expressed hope that negotiation of the ASEAN-EU free trade agreement (FTA) will be accelerated and make good progress to be concluded.Therefore, regarding the ASEAN-EU long standing relationship, President Jokowi urged all countries in the two regions to build an equal and mutually beneficial partnership in order to recover from the pandemic and the multidimensional crisis that both are currently facing. "We learned an important lesson... that to grow and to prosper together is the only option. We don't only have to move forward together, but we also have to move forward equally. Let us have a better future together," Jokowi concluded.Written by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Mitsubishi Corporation awarded Hollandse Kust West Site VI Offshore Wind in the Netherlands JCN Newswire

Mitsubishi Corporation awarded Hollandse Kust West Site VI Offshore Wind in the Netherlands

16 12 月, 2022
TOKYO, Dec 16, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation (MC) is pleased to announce that MC, through its 80% subsidiary N.V. Eneco (Eneco), and Shell plc have been successful in the tender for the Hollandse Kust West Site VI offshore wind farm (HKW, 760MW capacity) located approximately 50 km off the northwest coast of the Netherlands. This will be Eneco's fifth offshore wind projects in the Netherlands, bringing the gross capacity of offshore wind 2,500MW.HKW is scheduled to start its commercial operation in 2026 and will supply renewable energy which is enough to decarbonise about 3% of the current Dutch electricity demand. While offshore wind power generation will play a central role in the future expansion of renewable energy, it is essential to promote it in harmony with the environment, including marine ecosystems. This project will implement various measures to minimize environmental impact, and is expected to contribute to the continuous expansion of offshore wind power generation.Through its commitment to simultaneously generate economic, societal and environmental value, MC is striving to achieve sustainable growth hand in hand with society. MC has been doing more in recent years to create new carbon-neutral industries that will be powered by renewable energies. These efforts are part of our work to revitalize communities through businesses that promote both digital (DX) and energy (EX) transformations, which is a key objective of our latest management plan, "Midterm Corporate Strategy 2024: Creating MC Shared Value." Through Eneco, we will contribute to the stable supply of renewable energies and decarbonization.Mitsubishi CorporationHeadquarters: 2-3-1 Marunouchi, Chiyoda-ku, TokyoMain Operations: MC engages in a wide range of businesses spanning multiple industries and overseen by its Industry DX Group and 10 Business Groups: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development.Representative: President & CEO Katsuya Nakanishi EnecoHeadquarters: Rotterdam, the NetherlandsMain Operations: vertically integrated portfolio of renewable generation, trading and supplyRepresentative: Mr. As Tempelman（CEO） Materiality Based on the Three Corporate Principles, which serve as MC's core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. MC"s revised "Materiality" was announced in Midterm Corporate Strategy 2024 as a set of crucial societal issues that MC will prioritize through its business activities, towards the strategy"s goal of continuous creation of MC Shared Value (MCSV). Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to "Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually", this project's activities particularly support "Contributing to Decarbonized Societies" "Conserving and Effectively Utilizing Natural Capital" "Promoting Stable, Sustainable Societies and Lifestyles" and "Utilizing Innovation to Address Societal Needs".Inquiry RecipientMitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Fujitsu research reveals gap between perception of ‘Sustainability Transformation’ preparedness and reality of current status in many organizations JCN Newswire

Fujitsu research reveals gap between perception of ‘Sustainability Transformation’ preparedness and reality of current status in many organizations

14 12 月, 2022
TOKYO, Dec 14, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu today announced the results of new research commissioned by Fujitsu, carried out by FT Longitude, the specialist research and content marketing division of the Financial Times Group, indicating that sustainability impact is the number one priority for organizations surveyed, and that they are aiming to improve on the three pillars of Sustainability Transformation(1) (SX): environmental, economic and societal.The research shows, however, that few organizations have in fact completed important Sustainability Transformation initiatives, suggesting that many of them have not come as far as they think, despite the importance they believe sustainability holds for the future. This gap is apparent in the figure below, which indicates, for example, that only 26% of the organizations surveyed have implemented health and wellbeing initiatives for employees, and only 12% are using or creating carbon-neutral products.The report identifies that more than two-thirds (68%) of organizations say that Sustainability Transformation will not be a success without significant investments in technology. When asked about the support they needed to achieve their Sustainability Transformation, 42% said that they need help with transforming existing/legacy technology.Key findingsThe sustainability gapWhile 61% of organizations believe that they have made substantial progress on their advanced sustainability journeys, less than one in ten have completed major sustainability imperatives such as developing sustainable supply chains (9%), achieving net zero status (2%) and preparing for environmental emergencies (7%).Organizations need support with their technology transformationThe research shows that organizations are investing in modern technology, recognizing that this represents a fundamental step in supporting many Sustainability Transformation initiatives. However, the report identifies that getting help with transforming existing/legacy technology is one of the main concerns for organizations seeking to make progress with Sustainability Transformation.Chart shows the support that organizations say they need to drive Sustainability Transformation from a technology point of viewThe ChangemakersA small group of leading organizations was identified, the Changemakers. This group accounts for the 6% of organizations that are leaders in sustainability and technology. This group has made substantial progress on their sustainability goals, by powering their efforts with innovative technology. They lead the way on both sustainability imperatives and technology transformation.Technology is key for a successful Sustainability Transformation journeyBeing successful at Sustainability Transformation requires companies to be both sustainable and tech savvy. If organizations want to succeed in their Sustainability Transformation plans, focusing only on sustainability isn't enough. Technology plays a key role for this to happen.Fujitsu ViewThe research findings show that execution is the key to Sustainability Transformation. Intent and motivation is already present, but organizations need support to overcome the barriers to achieving their goals. Fujitsu can help customers to do this, by taking an issue-driven approach and applying technology and innovation to deliver business and social impact.In addition to the full research report, please see how Fujitsu is addressing sustainability issues to ensure a better future for all.Survey overview- Period: August 2022- Countries surveyed: Australia, Canada, China, Finland, France, Germany, Japan, Korea, New Zealand, Philippines, Singapore, Spain, Thailand, the UK and the US.- Respondents: The respondents represent a range of organizational functions: business leadership, public sector, sustainability, HR, line of business, finance, research and development, and IT (transformation, technology and security).- Industries: Banking/Financial Services, Life sciences, Mobility (Transport and Automotive), Retail, Healthcare, Manufacturing and Public Sector.- Methodology: Survey of 1,000 business and public sector leaders commissioned by Fujitsu and conducted by FT Longitude, a Financial Times company, in August 2022.- Please download the full report "Closing the sustainability gap" at the following link:https://sustainability-transformation-ft.global.fujitsu.com/home/(1) Sustainability Transformation means transforming business to bring about positive change in our environment, society and economies. Examples include the reduction of energy usage and CO2 emissions through continuous monitoring and providing inclusive public services, based on involving citizen and encouraging collaboration between public and private sector.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. 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Indonesian Criminal Code won’t harm investment ACN Newswire

Indonesian Criminal Code won’t harm investment

12 12 月, 2022
JAKARTA, Dec 12, 2022 - (ACN Newswire via SEAPRWire.com) - The dissemination team spokesperson of the Draft Law on Criminal Code (RKUHP) Albert Aries clarified the fundamentally misleading news related to the adultery article, which is considered to harm Indonesia's tourism and investment sectors."The adultery article in the new Criminal Code that takes effect three years after its stipulation is an absolute criminal complaint. This means that only the husband or wife (for those bound by marriage) or the parents or children (for those not bound by marriage) can make a complaint. No one else can report or take the law into their own hands. There will be no legal process without a complaint from the entitled and directly harmed parties," Aries said in his statement on Thursday (Dec 8).The articles of the Criminal Code that have recently attracted the attention of foreign tourists, including investors, are Article 411 concerning adultery, Article 412 concerning live-in relationships, and Article 424 concerning drinks and intoxicants.Minister of Tourism and Creative Economy, Sandiaga Uno, has said he believes the newly passed Criminal Code (KUHP), specifically its provisions on live-in relationships, will not affect tourism and creative economy investment in Indonesia. "I am very confident that we can get US$68 billion (in foreign investment), and we can create 2 million jobs in this sector. But, of course, we need support," he informed here on Saturday (Dec 10).According to Uno, investors need legal opinion before investing in Indonesia. The legal opinion must give confidence in safe. Uno added that the ministry will still need support and assistance in terms of legal certainty to convince investors to invest.Upholds Human RightsAries also stated that it is not true that Indonesia's Criminal Code is not following human rights. "We certainly respect United Nations (UN) concern on equality, privacy, religious liberty, and journalism issues. On that basis, the criminal code regulates all of them by paying attention to the balance between human rights and human obligations," Aries said.The reason is that the legal politics contained in the Criminal Code are aimed at respecting and upholding human rights based on the ideals of Pancasila (the Five Principles), BhinnekaTunggal Ika (Unity in Diversity), the Unitary State of the Republic of Indonesia, and the 1945 Constitution.He underlined that the Criminal Code does not discriminate against women, children, and other minority groups, as well as the press.One example is the adoption of Article 6 letter d of Law Number 40 of 1999 on the Press into the Elucidation of Article 218 of the Criminal Code so that criticism is not punished because it is a form of supervision, correction, and advice on matters relating to the public interests.According to Aries, it is also incorrect to say the Criminal Code legitimizes negative social attitudes towards adherents of minority beliefs. "The regulation of criminal acts against religion and belief in the Criminal Code has been reformulated by taking into account the International Covenant on Civil and Political Rights (ICCPR), as inputs from the civil society," he said.Previously, the Indonesian House of Representatives (DPR RI) passed the Draft Law on Criminal Code into law in a plenary meeting chaired by the Indonesian House of Representatives Deputy Speaker Sufmi Dasco Ahmad on Tuesday (Dec 6).In the formulation of the Criminal Code, meaningful participation as the fulfillment of civil societies' rights to be heard, explained, and consideration has been given as much as possible.--Antara Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Polymer protection for vaccines and drugs ACN Newswire

Polymer protection for vaccines and drugs

9 12 月, 2022
TSUKUBA, Japan, Dec 9, 2022 - (ACN Newswire via SEAPRWire.com) - A biocompatible polymer could help deliver vaccines and drugs with reduced risk of the rare dangerous adverse reaction called anaphylaxis. Researchers at the National Institute of Advanced Industrial Science and Technology (AIST) in Japan have developed the polymer and performed preliminary tests, which they report in the journal Science and Technology of Advanced Materials.A liposome (left) containing a vaccine is commonly coated with polyethylene glycol (PEG) but it can trigger an allergic reaction to some recipients. A newly developed lipid (right) could serve as a safer, alternative liposome-coating while retaining the vaccine longer in the body.Until now, the polymer of choice for encasing and delivering vaccines has been poly(ethylene glycol) (PEG). This synthetic, flexible, water-soluble material has been used to surround some COVID-19 vaccines carried within the tiny spherical packages known as liposomes.Unfortunately, some recipients have suffered an anaphylactic reaction to PEG, in which the immune system mounts an allergic response to the foreign material. Symptoms of anaphylaxis range from minor skin irritations, to breathing difficulty, nausea and, in the worst cases, unconsciousness and sudden death.The alternative polymer is a form of fatty biomolecule called a lipid, and is conjugated to 2-methacryloyloxyethyl phosphorylcholine (MPC) polymer.This new substance spontaneously binds to the outside of liposome particles when mixed with them in water. Crucially, the polymer is not recognized by the antibodies that the body can generate in response to PEG, and tests suggest it does not stimulate any other antibodies that could cause an allergic reaction. This should allow coated liposomes containing a vaccine to be retained in the body for a longer time without being cleared by the immune system, in addition to avoiding anaphylaxis."We have also found that the polymer avoids other interactions with proteins in the blood that might otherwise interfere with its effects, and it also prevents liposomes from aggregating together," says molecular engineer Yuji Teramura of the AIST team.Tests confirm the coated liposomes can remain stable in storage for 14 days, sufficient for real clinical applications."All the indications suggest that our technology should be suitable for delivering vaccines into patients who develop anaphylaxis in response to PEG," Teramura concludes.The polymer must now be thoroughly tested in various real vaccine applications. The team is moving into this next crucial phase of the development process, prior to eventual clinical trials in humans.Provided the animal and subsequent clinical trials go well, the technology should offer opportunities for delivering drugs into the body, in addition to vaccines. Delivery systems such as liposomes are sometimes needed to protect drugs from biochemical processes that might degrade them. This can ensure that they reach the target disease tissues while remaining in their active form.Further informationYuji TeramuraNational Institute of Advanced Industrial Science and Technology (AIST)Email: y.teramura@aist.go.jpAbout Science and Technology of Advanced Materials (STAM)Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials. https://www.tandfonline.com/STAMDr Yasufumi NakamichiSTAM Publishing DirectorEmail: NAKAMICHI.Yasufumi@nims.go.jpPress release distributed by Asia Research News for Science and Technology of Advanced Materials. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Indonesia highlights the need for democracy to face challenges at the 15th Bali Democracy Forum ACN Newswire

Indonesia highlights the need for democracy to face challenges at the 15th Bali Democracy Forum

9 12 月, 2022
BALI, INDONESIA, Dec 9, 2022 - (ACN Newswire via SEAPRWire.com) - Minister of Foreign Affairs of the Republic of Indonesia, RetnoMarsudi, said that democracy is considered to be able to help not only Indonesia but also the world leaders, in facing the challenges in the coming year.Democratic leadership is urgently needed from leaders around the world to direct sustainable recovery by reaching out to the people most affected by the pandemic and other crises caused by geopolitical turmoil, Marsudi stated at the 15th Bali Democracy Forum (BDF) meeting in Nusa Dua, Bali, Thursday (Dec 8).Marsudi officially opened the meeting, which was attended by 323 participants from 112 countries and five international organizations, with 52 of them attending virtually. "With democracy, freedom of expression and conveying aspirations is also guaranteed, and space for effective dialogue and decision-making is also possible because of checks and balances," Marsudi said.While citing data from the Central Statistics Agency (BPS) that show 4.15 million productive workers are still affected by the COVID-19 pandemic, she emphasized that the principle of solidarity is very much needed in promoting an inclusive recovery. In this recovery effort, she emphasized that no party should be left behind. Democracy is the choice of the Indonesian people and has proven to play an important role in advancing peace, stability, and prosperity.Additionally, the Secretary General of the United Nations, Antonio Guterres, acknowledged that democracy is currently experiencing a setback. Therefore, democracy needs to be defended and strengthened. "In a time of turmoil, tension, and chaos, divisions are widening, and people are hurting, democracy is declining, and civil society is shrinking," he said. Hence, the world community is obliged to act by defending and strengthening democracy. He highlighted the importance of promoting the rule of law and the universal nature of all types of basic human rights, including economic, social, political, civil and cultural aspects. Therefore, it is necessary to uphold the democratic principles of inclusivity and dialogue because they are the foundation of a renewed social contract and the key to lasting peace, as well as stability and sustainable development.Meanwhile, global solidarity is also needed to ensure that all people, wherever they are, can have the necessary resources and support to invest in society and their future, he added.Minister Marsudi again said in her speech that democracy is not a goal, but a way to achieve a goal. "Then, the future of democracy will really depend on us, whether we will continue to support or give up on democracy," she said. Minister then emphasized that Indonesia is sticking to efforts to maintain the spirit of democracy and strengthen the foundations of democracy.The Bali Democracy Forum is a cross-country forum in the Asia Pacific region that emphasizes democracy issues. The BDF 2022 has the theme 'Democracy in a Changing World: Leadership and Solidarity'. This theme underscores the importance of leadership and solidarity as part of the pillars of democracy in the midst of world turmoil due to geopolitical and economic crises. Since it was first held in 2008 until now, BDF has presented many diplomatic representatives from countries as well as experts.--Antara Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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DOCOMO to Introduce Latest R&D and Technologies During “docomo Open House’23” Online Event JCN Newswire

DOCOMO to Introduce Latest R&D and Technologies During “docomo Open House’23” Online Event

5 12 月, 2022
TOKYO, Dec 5, 2022 - (JCN Newswire via SEAPRWire.com) - NTT DOCOMO, INC. announced today that "docomo Open House'23 -- Creating a Future with You," an online event to be held next February 2 to 28, will present 21 exhibits showcasing the company's latest initiatives and offerings. The Open House will be accessible to the general public without registration and the event's preview website is online from 3:00 p.m. today to allow people to view basic information about the exhibits and overall event.The Open House will introduce the latest initiatives of the DOCOMO group in six fields: 5G Evolution & 6G, networking, healthcare, urban design, communication and mobility as a service (MaaS). The 5G Evolution & 6G displays will include the latest technologies for human-augmentation platform, including ultra-low-latency networks, and showcase technologies for all-new devices to realize the Innovative Optical and Wireless Network (IOWN) concept. In addition, examples of how the company is cooperating with partners to create new businesses and other innovations also will be displayed.Under the slogan "It's no longer fantasy," exhibits will be presented in a "Vision Visualize" format to comprehensively cover each theme's overview in order to help visitors conceptualize the highly advanced technologies and projects that DOCOMO will introduce in the foreseeable future.In to the coming 6G era, DOCOMO is looking forward to delivering many surprises and exciting new developments by accelerating its research and development of innovative new businesses as well as creating new value in collaboration with a growing range of partners.About NTT DOCOMONTT DOCOMO, Japan's leading mobile operator with over 85 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. www.docomo.ne.jp/english/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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SAMURAI 2K Aerosol: Achieving Its Digital Transformation Vision ACN Newswire

SAMURAI 2K Aerosol: Achieving Its Digital Transformation Vision

5 12 月, 2022
SINGAPORE, Dec 5, 2022 - (ACN Newswire via SEAPRWire.com) - Listed on the Catalist Board of the Singapore Exchange, SAMURAI 2K Aerosol Limited (Stock Symbol: Y8E.SI) is a leading aerosol coating specialist focusing on high performance coating solutions for the automotive refinishing and refurbishing industry. Headquartered in Malaysia, its products are manufactured in the production facility in Johor, and distributed in countries including Malaysia, Indonesia, Thailand, Philippines, Vietnam, Cambodia, United Kingdom, United States of America, Singapore, and India.Transformation for the FutureFounder and CEO, Ong Yoke En's crystal clear vision for the transformation of the Group is beginning to take shape. The aim is to build a strong digital platform by integrating online and offline business to create an omni-channel experience for its customers. The Group will transform from a product-driven business model to a data-driven service-oriented business model.On 10 October 2022, SAMURAI 2K was handed the keys to 4 units of 5-storey shophouses for its new corporate office in Johor, Malaysia. This is a total of 20 units of 1700 sq ft each and marks another milestone in SAMURAI's digital transformation focused on innovation through leveraging on AI and data analytics. Digital content creation and technical support staff strength is expected to grow to 150-200 in 3 years.Operating expenses for the build-up of digital infrastructure is already reflected in 1HFY2023 ended 30 September Financial Statement available on SGXNet at https://links.sgx.com/1.0.0/corporate-announcements/K8EDQT0VA6E8IE01/abcc2506b2fcf5f3d0684b32052a6f39dc827ac20d143367b3336f75857910f0 The Financial Statement shows marketing and distribution expenses increasing by 206% from RM2.36 million in 1HFY2022 to RM7.23 million in 1HFY2023.Said Samurai 2K spokesperson Leo Aun Foo, "Initially our ecommerce business will focus on the Malaysian and USA markets. Subsequently we will roll out plans for Europe, Australia, Japan, and South America. Each country will require a team of 5-10 staff to handle".It is with the online multi-country platform that the Group will be able to reap economies of scale, accelerate brand building, provide consumers with multi-media experience, create customer loyalty, and optimize business and product development through powerful data analytics.Pipeline of Innovations and InventionsThe Group is targeting to launch the first-ever color mix-and-match system ("Tintatek" technology) of aerosol spray paint, which allows users (especially automotive consumers) to custom fill their desired colors into the aerosol can without the use of a complicated tool or equipment. Using Tintatek's color data bank, millions of color combinations can be generated. Users can create original color for themselves or re-create and perfectly match the original factory paint color of the object to be painted. The introduction of Tintatek into DIY spray painting is a revolutionary and disruptive innovation in the aerosol paint industry.At the same time, the Group is currently building a spray-painting service online platform which matches users with providers of at-your-doorstep spray-painting services. The wide range of colors, textures and special effects (mirror, crystal, metallic, luminous and many more) of SAMUARI 2K paints, the easy-to-use 2-head resin plus hardener, together with Tintatek and matching of users with providers brings DIY spray painting to a new level and a new era. More and more of those who need to spray paint their possessions will now be attracted to DIY spray-painting, bypassing the need to go to a workshop with all its attendant costs and convenience. Together with SAMURAI 2K's multi-media websites, which include education and demonstrations of spray painting designs and techniques, this is expected to exponentially increase the size of the market for the Group's products.4-Year Financial Performance Track RecordMany companies have bold visions to transform themselves. But whether they can achieve it also depends on the strength of their financials. For that , we need to look at a Company's long-term track record. The Group's 4-year financial performance track record is encouraging and gives confidence that it will be able to realize its transformation for the Future. The financials portray a future-ready but financially prudent company always ensuring that it will be able to ride out any short-term turbulence in the economy.Table 1 below measures several aspects of Samurai 2K's financials through four years including the period of Covid-19 impact on the regional economies. It is rather rare for a company to exhibit positive numbers on all aspects of its financials.GROWTH: RevenuePROFITABILITY: Net Profit, Gross Profit Margin, Net Profit MarginINVESTMENT MERIT: Return on EquityLEVERAGE: Net Debt/Equity, Interest CoverageLIQUIDITY: Current RatioTable 1: Stability and Financial Strength. (Samurai 2K FY is 31 March)https://www.acnnewswire.com/docs/Multimedia/SAMURAI_2K_Aerosol.jpgTable 1 shows a company that is financially strong, with consistent performance. Gross and Net Profit margins are above average for a consumer product. Debt/Equity has always been Net Cash, Current Ratio has always been above 2, and judging from the Interest Coverage, in the case of Samurai 2K, investors need not worry about the current high interest rate environment.ConclusionSamurai 2K's vision is a bold one but its financial performance track record and tangible progress in pursuing its vision are encouraging signs that its transformation for the Future is achievable. This article is reproduced for international public consumption by Waterbrooks Consultants the investor relations consultant for Samurai 2K Aerosol Limited. For more information, please visit www.waterbrooks.com.sgOriginal article link: https://www.investor-one.com/editorial/22275-SAMURAI-2K-AEROSOL-ACHIEVING-ITS-DIGITAL-TRANSFORMATION-VISIONSAMURAI 2K Aerosol Ltd [SGX: SAMR] [BBG: SAMUR] [RIC: Y8E.SI] http://samurai2kaerosol.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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hiblocks Announces the Launch of HIBS Token SeaPRwire

hiblocks Announces the Launch of HIBS Token

5 12 月, 2022
New York, NY, December 05, 2022 – (SEAPRWire) – hiblocks is proud to announce that HIBS Token will be officially available on Gate.io at 10:00 UTC on December 5th, 2022. hiblocks is building an ecosystem around their native asset, HIBS Token. One of the primary projects is the blockchain-based social media app HABL, which rewards users in HIBS Token for their social media activities, including giving likes, votes, staking, uploading, and sharing posts. Additionally, hiblocks is preparing to launch services like Challenge Run (M2E), Produckfi (a media production budget management app), HABL Stone (NFT), VR NFT Marketplace, and others, which places HIBS Token as the foundation that ties every service among the ecosystem. With that, the HIBS Team’s long-term plan is to make its services available to the global community. Therefore, it is imperative to make HIBS Token accessible so users can find no difficulty in trading HIBS. hiblocks is excited to reach a new part of a community through this listing and promise to deliver a better service as they grow as a brand and company. The Startup event for HIBS Token on Gate.io will officially open from December 4th, at 07:00 UTC to December 5th at 07:00 UTC. About Gate.io Founded in 2013, Gate.io is one of world’s pioneers of crypto-to-crypto exchanges. After being rebranded to Gate.io in 2017, it is one of the fastest-growing crypto platforms with a leading Initial Exchange Offering (IEO) platform, numerous cryptocurrencies, margin trading with leverage, and other advanced financial services like margin lending or borrowing. Gate.io is a leading global crypto exchange platform with 180 coins and nearly 400 other cryptocurrency markets.The Gate.io team is security-savvy and was rated as one of the top exchanges in terms of cybersecurity by CER. Users can secure their accounts in multiple ways, and the platform has many built-in security mechanisms. Social Links LinkTree: https://linktr.ee/habl_hablstone Twitter: https://twitter.com/hiblocks YouTube – https://www.youtube.com/channel/UC3RUQWEePShsn7tSmCGeuOw Media Contact Brand: hiblocks Contact: Jungwon Shu E-Mail: jungwonshu@hiblocks.io Website: https://hiblocks.io/ SOURCE: hiblocks The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Yalla Group Q3 Earnings: Quarterly revenue passes US$ 80 million as steady growth continues ACN Newswire

Yalla Group Q3 Earnings: Quarterly revenue passes US$ 80 million as steady growth continues

29 11 月, 2022
HONG KONG, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - On November 15, 2022, Yalla (NYSE: YALA) announced its Q3 2022 financial results. The results highlighted that Yalla had surpassed revenue expectations during the quarter and maintained its steady growth. While other companies in the social media and entertainment field may be struggling, Yalla's continued growth is a very positive sign. Revenue hits a quarterly highYalla's revenues were US$ 80.1 million in Q3 2022, representing a YoY increase of 12.3% and a QoQ increase of 5.2%. The figure surpasses the revenue guidance for the quarter (US$ 75 million) and represents a new record for the social media outfit. In terms of business segments, revenues generated from chatting services reached US$ 56.2 million, representing a YoY increase of 4.3% and a QoQ increase of 6.7%. Revenues generated from gaming services were US$ 23.9 million, representing a YoY increase of 36.9% and a QoQ increase of 2.3%. After the high-speed growth during the pandemic, Yalla's growth rate has stabilized. Thanks to strong operational management and product innovation, both business segments have achieved steady growth.In terms of profitability, due to spending on R&D, the promotion of new products, and a renewed focus on customer acquisition, Yalla's profit margin dropped slightly but generally remained broadly stable. In Q3 2022, the non-GAAP net income was US$ 29.4 million, representing a YoY decrease of 11.5% and a QoQ increase of 2.7%. The non-GAAP net margin was 36.7%, representing a slight decrease of 0.9% compared with Q2.For Q4 2022, Yalla's management expects the revenues to come in between US$ 70 million and US$ 76 million. This would represent a considerable YoY growth of between 3%-12%, as revenues in Q4 2021 came in at US$ 67.6 million.Hardcore games entered the testing stageIn the second half of 2021, Yalla announced the establishment of its subsidiary, Yalla Game. The business segment develops and runs a range of mid-core and hardcore games in the Middle East and North Africa (MENA). Yalla Game has recently created and launched its first hardcore SLG game - Merge Kingdom - and after nearly a year, the application has reached another major milestone.Merge Kingdom has now been released in its beta version in many MENA countries, Yalla management highlighted in the Q3 report. At present, Yalla Game is actively collecting user feedback and adjusting the product to meet client needs, the firm stated. Meanwhile, Yalla's management revealed that the company planned to release its second hardcore game in the MENA region and that more details would be announced by the end of this year. Positive signs for gaming monetizationIn 2021, Yalla launched its casual game portfolio, including Yalla Parchis, 101 Okey Yalla, and Yalla Baloot, in dozens of countries such as Colombia, Turkey, and Mexico. These products are showing considerable promise for monetization though they only generated limited revenues for now. In Q3 2022, Yalla Parchis ranked in the top five board games in 10 countries including Colombia, Mexico, Chile, and Spain. According to Yalla's management, the firm undertook activities in Q3 to enhance user acquisition. Taking the Spanish market as an example, Yalla launched an activity "Tomato Battle" with reference to "La Tomatina" - a traditional Spanish festival featuring the red fruit. This game attracted more than 50% of daily active users and increased the consumption of diamonds (top-up virtual currency) on the platform by over 20%.As for 101 Okey Yalla, Yalla added an independent chat room to the app during the quarter to meet the chatting needs of local users. According to Yalla's management, the number of paying users and the payment ratio of 101 Okey Yalla improved considerably, while its total revenue increased by over 100% compared with the previous quarter. It is also worth mentioning that Yalla has made many improvements to its flagship product, Yalla Ludo, to enhance the profitability of its game portfolio. In Q3, Yalla launched distribution gift cards for Yalla Ludo on its marketing channels, which improved the monetization of products. Meanwhile, Yalla added the applet Yalla Ludo to the IM product YallaChat, which gives users full access to the game assets and data in the application. A platform for future growthIn Q3 2022, the number of monthly active users (MAUs) was 30.9 million, representing a YoY increase of 19.1% and a QoQ increase of 3.3%. Growth in MAUs has been seen for 10 consecutive quarters. This is the first time that the MAUs of Yalla topped 30 million.With regards to paying users, Yalla has focused on improving the paying user conversion rate since 2022. The ratio of paying to non-paying users has increased from 30% at the end of 2021 to 37.4% in Q3 2022 - this is expected to increase further in the future.The development of mid-core and hardcore games and the further development of casual games also contributed to Yalla's rising costs. Yalla's research and development expenses in Q3 increased by 42.2% compared with the same period last year. In the field of casual games, Yalla increased its sales and marketing expenditure, which contributed to growing operating costs. In Q3, sales expenditure increased by 9% compared with the same period last year. Meanwhile, the cost of revenues increased by 26.3% compared with the same period last year.It is worth mentioning that Yalla Group has developed a very healthy cash position which will aid future expansion. Despite increasing expenditure, Yalla's cash and cash equivalents were US$ 391.2 million at the end of Q3 2022 - representing growth against the previous quarter. Yalla's positive cash flow is one of the reasons why I have been paying close attention to the company as rising interest rates increase the cost of growth for companies in need of borrowing. Yalla can even earn interest on its capital deposits. Closing Remarks Looking beyond future growth expectations, the stock looks attractive on value alone. The voice-centric social networking and entertainment platform doesn't look expensive by several metrics. It has a forward price-to-earnings ratio of 6.01, versus a sector average of 12.8, while its price-to-sales ratio is 2.14, above the industry average of 1.24. And given the size of its net cash position, it has an enterprise value-to-sales ratio of 0.72 versus a sector median of 1.95. Collectively, these metrics look positive. Considering the above, I'm expecting to see the share price push upward in the coming months towards $6 a share. This would bring the EV / share ratio closer in line with the sector average. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Kitchen Culture Says 5 Directors Will Remain on its Board as Purported EGM Held Last Friday Is Invalid; Asks Requisitioners to Put Matters Before Singapore Court ACN Newswire

Kitchen Culture Says 5 Directors Will Remain on its Board as Purported EGM Held Last Friday Is Invalid; Asks Requisitioners to Put Matters Before Singapore Court

28 11 月, 2022
SINGAPORE, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - Kitchen Culture Holdings Ltd. ("Kitchen Culture" or the "Company") said today that 5 directors that requisitioners sought to replace through a purported Extraordinary General Meeting last Friday ("Purported EGM") will remain. Instead, the Company deems the meeting and resolutions purportedly passed to be invalid, and has asked the requisitioners to put the matter before the Singapore Court.Responding to a press release issued on 25 November 2022 on ACN Newswire by the 8 requisitioners, Kitchen Culture said it had written the same day to lawyers for the latter asking for key information. As at 12 noon today, the requisitioners' lawyers had yet to send documentation such as executed proxy forms, list of attendees, who chaired the meeting purportedly held electronically at 9.00 am last Friday, and the breakdown of votes and questions raised or answered at the meeting.This has prevented the directors from having "... the opportunity to make a proper assessment of the conduct and processes at the so-called meeting, and take professional advice as necessary,' the Company said. Instead, the requisitioners were "... creating and maintaining uncertainty and confusion by claiming success of the 'New Board" through press releases and the media.The requisitioners appeared to have rushed to issue their 25 November press release "without bothering to inform the Company of such status." Notwithstanding this, the Company has been trying to engage them to ensure that there is clarity of the situation and to avoid further uncertainty and confusion sown by such conduct, Kitchen Culture said.The Company had announced that the Purported EGM - the second attempt by the requisitioners to remove 5 of 6 existing directors - was invalid as it is in non-compliance with the Companies Act 1967 and breached the Company's Constitution. Instead of giving proper notice, the requisitioners issued a single newspaper advertisement.Over the past weekend, the Company has received numerous letters of protest and complaints from various shareholders, objecting to the so-called holding of the Purported EGM in spite of its invalidity. "Some shareholders also complained that they did not receive any notice... and were therefore not in a position to consider attending it," the Company said.The Company, through its lawyers, has written again to lawyers of the requisitioners to invite them to apply to the Court to determine whatever issues from which they differ, with respect to the Company's position. The Directors (save for, and unlike, Mdm Hao) consider that this is "the most appropriate way to resolve any differences or contentions (and to put to rest the uncertainty and confusion)" as to the validity of the Purported EGM and the resolutions they claim to have been passed, and the eligibility of the persons they claim to have been elected to the office of Director of the Company.Kitchen Culture said each of the 5 persons named by requisitioners to be members of the new 6-member board were ineligible to be put up for election in the first place as they had failed, neglected or refused to submit important relevant documents on time, even assuming that it was a valid general meeting of the Company.The 5 persons proposed by the requisitioners are James Beeland Rogers, Jr., Yip Kean Mun, Lam Kwong Fai, Tan Meng Shern and Cheung Wai Mun. The Requisitioners comprise OOWAY Group Ltd. ("OOWAY") - the Company's largest shareholder - and 7 individuals who own an aggregate of 21.71% of the Company's shares.Kitchen Culture's Board, with the exception of Madam Hao Dongting ("Mdm Hao"), has said that there are no grounds to justify the resignations of the 5 current directors - Mr Lim Wee Li (Executive Director), Mr Lau Kay Heng (Non-Executive Non-Independent Chairman), and 3 Independent Directors, Mr Ang Lian Kiat, Mr William Teo Choon Kow and Mr Peter Lim King Soon. Mr Lau Kay Heng and Mr Peter Lim King Soon were named as new directors on 15 July 2022, the same day that Mr Lincoln Teo, an OOWAY representative and former Interim CEO of Kitchen Culture, ceased to be Executive Director. The Company stressed that OOWAY had in fact supported the re-appointments of Mr William Teo Choon Kow and Mr Ang Lian Kiat at the Annual General Meeting held on 18 March 2022."The Directors of the Company (other than Mdm Hao) urge all shareholders to be wary of and not to be unduly influenced by media statements emanating from or ascribed to OOWAY Group or any of the other 7 Relevant Shareholders or any of the 5 persons who were claimed to have been elected to the "New Board". Shareholders are advised to refer to and compare against announcements and press releases of the Company," Kitchen Culture said. Kitchen Culture shares have been suspended from trading since July 2021. Its Board has seen several changes since the involvement of OOWAY in October 2020. Issued by:Kitchen Culture Holdings Ltd.9 Raffles Place, #52-02, Republic PlazaSingapore 048619 Tel: +65 6471 6776, Fax: +65 6472 6776Media & Investor Contact Whatsapp (Text): +65 9748 0688 kitchenculture@wer1.netThis press release has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms. Lee Khai Yinn (Tel +65 6232 3210), at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.Kitchen Culture Holdings Ltd. [SGX: 5TI] [BBG: KCH:SP] [RIC: KCHL.SI] https://kcholdings.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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The Executive Talk by ShareInvestor: Boutique Corp PCL (SET: BC) ACN Newswire

The Executive Talk by ShareInvestor: Boutique Corp PCL (SET: BC)

28 11 月, 2022
BANGKOK, Nov 28, 2022 - (ACN Newswire via SEAPRWire.com) - Boutique Corporation PCL (SET: BC) President and Group CEO, Mr. Prabsharan Singh Thakral provided an admirable interview regarding his business strategy after Covid-19, diversification and embracing digital technology is the strategic approach for Boutique Corporation to remain resilient.1. Against a challenging business environment significantly impacted by the Covid-19 pandemic, what's your view toward the Thai hospitality and commercial industry this year and in 2023?The COVID-19 pandemic has been one of the major challenges for Thailand's beauty industry and our company. We must refine our strategies and business plans to cope with the ever-changing market and rapidly changing consumer behavior.Regarding the long-term strategy, we aim to increase our top line to 3,000 million baht by 2026. Our focus remains on beauty and health products, such as skincare, makeup, hair color, and food supplements, which align with the company's vision and mission: To be Asia's leading beauty and health company by creating the best innovation to fulfil everyone's demand and inspiring people across Thailand and Asia.2. Against a challenging business environment significantly impacted by the Covid-19 pandemic, what's your view toward the Thai hospitality and commercial industry this year and in 2023?This year, we begin to see a recovery in tourism, with approximately 10 million tourists coming into the country. We see India as a large component of tourists coming to the country, with about 1 million travellers forecast for the end of this year. We see, toward the end of next year, perhaps the normalization of tourism in this country. But, of course, we also have to wait until China opens up for tourism. Meanwhile, we should look for other opportunities instead of focusing on China. These whole few years have taught us that we should begin to penetrate new markets. Currently, we have an excellent new market like Saudi coming in. We should focus on and harness the demand from other large markets like India so that our economy relies on something different than a single market like China. Our marketing activities for tourist companies or Thailand Tourism Authority (TAT) should bear that in mind as we come out of Covid.3. As the property development company, how has Covid impacted your business, and how is it currently going?Yes, our main business is building property for existence. That continues during Covid. We were very successful last year in existing an asset in Sukhumvit Soi 23 at the pre-covid valuation. We have just completed Oakwood Sukhumvit Soi 36, a hotel by the Thong lor BTS station, opening on the first of October. Even before its first month of full operation, we had a buyer coming and signing a sale agreement with us, buying it at the valuation as well. This business continues.However, the industry and, of course, Boutique Corporation were affected by the disrupted cash flow coming through the hotel. So, Covid has been a learning for many business leaders. One of the things I saw to undertake during Covid was to embrace diversification, ensuring that after Covid, we would have multiple business lines that have synergistic approaches with our current business.4. Boutique corporation has expanded the ecosystem into logistics and healthcare. How have they turned out so far?The first business we decided to expand into was cannabis and wellness associated with cannabis. From growing our high medical-grade cannabis to the dispensary, we are ultimately the country's first fully licensed value-chain cannabis key provider. We currently have two dispensaries, the first one at Sukhumvit Soi 16, in one of our properties. So, this is the synergistic approach. And here, at the Summer Point Mall, our second dispensary, which represents our wellness concept. We can issue a prescription for oil and cannabis medicine based on traditional Thai formulas. As a result, the cannabis-related healthcare business is one of the diversifications we undertook to ensure that we, as a company, are sustainable and more resilient.5. What are your key strategies for the next year?For cannabis, we see solid sales in our dispensaries, high demand for premium-grade and high-quality medical-grade cannabis dry flowers, and an increase in repeat customers who enjoy the quality and comfort of our pure and toxin-free cannabis. In addition, we are confident in our products and service because they were all tasted by the ministry of health. Ultimately, we aim to accelerate our rollout and expand the business to 20 outlets within the following year. The second diversification we recently undertook is a self-storage and the logistics of door-to-door delivery from storage. Again, the business is new and has just opened this month. And we already begin to see good demand for self-storage. So, we aim to drive growth in this unit as well. And, of course, we do foresee that hospitality will come back, so we continue to develop assets for the existing. Next year we are looking at developing Sukhumvit Soi 5, one of our pipeline's assets. We are preparing to establish another retail development on Charoenkrung road, in front of the Shrewsbury International School. And other projects that we have in our pipeline. 6. Amid the growing digital economy, how has it affected your company? There are two aspects of the digital economy and how it affects the company. One is how we apply digital technology at work, and two is embracing it within our businesses. For the former, the way we work, such as working from home and using online platforms for a meeting. We all have already familiar with the technology and work in a hybrid way. We ensure that our company is tech-savaged enough to embrace that.However, what is more important is how we embrace new technology to create a synergistic effect with our business. Hence, in February this year, we launched our first NFTs linking to cannabis. They were limited and connected to every single seed plant we grew on our cannabis farm. Buyers of these NFTs effectively received a utility over our cannabis platform, either to get discounts or special access. This exemplifies how we synergize emerging technology like blockchain with our businesses. So, we also corporate those synergistic approaches with our other business units, such as hospitality, real estate, and self-storage, that we are expanding right now.7. How do you envision your business in 5 years? How have you embraced the sustainability concept?Despite the Covid situation, building and selling assets continues to have good demand, especially in a good location. In October, we opened our first third-party-managed hotel under our brand "Jono", which is in Karon beach, Phuket. So, we will drive and grow this business exponentially. For the sustainability part, over the next five years, we will continue to ramp up the growth of our cannabis outlet across the Thai market, mainly tourists, ex-pats, and the high entire. We will also grow our self-storage, logistics, and hospitality business. So, there are many opportunities that we can diversify our ecosystem, create synergistic approaches, and remain resilient.Watch Executive Talk by ShareInvestor on YouTube ShareInvestor Thailand https://www.youtube.com/watch?v=IdeXSZwRPM8&ab_channel=ShareInvestorThailandAbout The Executive Q&A SeriesThe Executive Q&A Series is presented by ShareInvestor, Asia's leading financial internet media and technology company and the largest investor relations network in the region. For more information, email admin.th@shareinvestor.com, and visit our Website: www.ShareInvestorThailand.com. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Fujitsu establishes new center in Israel to strengthen data and security technologies JCN Newswire

Fujitsu establishes new center in Israel to strengthen data and security technologies

28 11 月, 2022
TOKYO, Nov 28, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited today revealed plans to open a new center for research and development in Tel Aviv, accelerating the recruitment of world-class talent to advance innovation in the field of Data and Security, an urgent priority for businesses and society in an era of increasing connectivity and uncertainty.From April 2023, the newly established location in Tel Aviv will allow Fujitsu to further enhance its presence in Israel with a team composed of experts recruited from Israel alongside researchers from Japan and Europe. This team will be dedicated to strengthening security technology for communications networks as part of Fujitsu's global strategy for Data and Security, one of 5 key technology areas under the company's global R&D strategy.With the establishment of the "Fujitsu Cybersecurity Center of Excellence in Israel" at Ben-Gurion University of the Negev (Ben-Gurion University) in 2021, Fujitsu took its first steps to tapping into the innovative potential of Israeli tech talent to embark on research to make AI technology more secure.Visiting Israel to oversee the establishment of the new center, Fujitsu Limited CTO Vivek Mahajan commented, "As one of the world's most technologically advanced countries, Israel offers Fujitsu a concentration of talent and an environment to sustain innovation like few other places. I look forward to recruiting more local researchers to join our team in Tel Aviv and contribute to our mission of delivering security and trust for network technologies, as well as further deepening collaboration with Ben Gurion University. I anticipate that our newly established teams in Israel will work with our global research network to play a central role in leading the development of Fujitsu's future security and AI technologies."During his stay in Israel, Fujitsu CTO Vivek Mahajan will be the guest of the Foreign Trade Administration at the Ministry of Economy and the Israel Export Institute, participating as a speaker at the HLS&CYBER conference and exhibition 2022. He is expected to speak in a panel centered on the theme: Shaping the Future: AI & Robotics in Law Enforcement.OverviewLocation: Tel Aviv, IsraelStaff: Approximately 10 researchersGeneral Manager: Dr. Adel Rouz （Fujitsu Research of Europe Ltd. CEO）Research Overview:In a borderless world in which the real and digital increasingly converge with developments like Web 3.0 and the Metaverse, ensuring trust for all connected people, data, and systems represents a key priority for technology companies. Fujitsu is currently developing IDYX technology(1), CDL technology(2), and transparent trust technology(3) to help realize this kind of trust on a global scale in the data and security space.The new research center will initially focus on R&D on the following two themes:1. As the borderless world evolves, the complexity of society will further increase. To build relationships with new, diverse stakeholders across the globe, it will be important to ensure reliable information that serves as a basis for trust in the digital space. To this end, Fujitsu is working to develop new technologies that can secure trust based on physical information in real space, such as data sources. By combining the expertise of Ben-Gurion University and other institutions in cyber and network security with our company's trust technology and know-how, we will conduct research on realizing trust for new network security that combines real-world and digital technologies and deploy the results globally. 2. Fujitsu will contribute to solving societal issues by globally implementing technologies that are expected to be used in a wide range of situations, including autonomous driving, self-checkout, as well as public safety, including anti-attack technologies for object detection AI, which recognizes information such as the position and type of a specific object from video data, while promoting synergies between local experts and researchers from Europe and Japan.(1) IDYX:IDentitY eXchange: Fujitsu's technology that securely distributes personal identities (such as IDs and attribute information) among companies and individuals.(2) CDL:Chain Data Lineage: Fujitsu's technology that can trace the distribution process and processing of data and goods back to their origin. Ensures end-to-end traceability of data and goods across organizations and improve the reliability of data distribution across industries.(3) transparent trust technology :Technology to prevent falsification in the creation and approval of business data exchanged between companies and government ministries, and to ensure its authenticity.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Something New in the ICO/NFT/Airdrop Aggregator Calendar Field ACN Newswire

Something New in the ICO/NFT/Airdrop Aggregator Calendar Field

23 11 月, 2022
ONTARIO, CA, Nov 23, 2022 - (ACN Newswire via SEAPRWire.com) - Nowadays dozens of ICOs take place everyday making it really hard to pick the ones that will give you those precious Xs. Spending loads of time doing research might set you off the track, whereas having too little knowledge will definitely affect your decision effectiveness. It is no surprise, investing in crypto is very risky and people lose money all the time here. That is where aggregator platforms with like minded communities come in handy.There are multiple ICO/NFT/Airdrop aggregators but they usually focus on one of these three. How that usually works: there is a list of upcoming events, you just scroll and pick the ones that caught your attention with their name or a logo. What if you could get opinions of others on the spot, saving your time and money? Well, I guess there is such a service now - www.hodlers.proWhat would I call Hodlers.pro? A Crypto Investment Social Network. It looks like a modern forum where people discuss different crypto events like ICO/IDO/NFT/Airdrops and more. New projects in amounts of around 3-6 are posted daily. They give you the most important information on a project such as the date of an ICO/mint, price of a token/NFT, exchange, used blockchain type etc. But it isn't just the admins who can post projects - everyone can apply to be featured on their site, all for free! Of course, there's moderation and only the best projects are posted. I see people debating in the comment section, giving the projects ranks, as well as giving meaningful info on how to earn more / get a wl etc. You can also follow any of the threads.What also impressed me is their Discord. Their server seems very lively with people discussing different topics including relevant crypto news, DeFi and GameFi. Users ask questions and do get answers. Everyone is definitely united by one idea - making more money. Their roadmap says that they are going to implement a rank system to Discord, giving you a higher rank for helping others with their questions. I tried asking some questions about an NFT collection in their Discord and got several answers from multiple users in like 30 seconds! This is something that I have never seen before.There's also a blog with up-to-date news about cryptocurrencies as well as pretty well thought out analytics. They explain crypto terms in very simple words, so if you are a novice in crypto, getting on the track will certainly become much faster and smoother. As an example, one of their recent blog posts was on the risk to reward ratio. The topic was well explained in very simple language with relevant examples shown. The blog itself deserves a place in your bookmarks, that's how good it is!What we understood from their roadmap is that at some point of the project development they will mint their own token $HODL on Fantom blockchain. Users will be rewarded for insightful and valuable comments in $HODL. However, keep in mind that you won't be able to abuse the system - a moderator will be checking all incoming comments, which is surely a nice feature that will prevent the project from becoming a huge spam pit. A rank system will be added to the site as well. Not sure if the rank on Discord and the site will be connected though I would suppose so. All the information about ranks, experience of community members and the voting algorithm of the website will obviously be stored on the blockchain.Another great feature that we noticed, while exploring their roadmap is the ad system. A project will be able to run ads on their site, increasing exposure. A feedback widget, a fully customisable launch page and the ability to organize the mint of your own tokens will also be added to the site. Allowing people to make money from the website would make projects invest in the project's tools, thus creating a perfect money loop, where everyone stays profitable. We have already seen many examples of projects failing just because they lacked that.Mobile devices weren't left out either - Hodlers.pro will appear as an application in the Apple Store/Google Play, making the use of all the features, such as communication, voting, investing and receiving urgent notifications even more convenient and therefore significantly increasing the project's audience!If anything above got you interested in Hodlers.pro then I would recommend you to keep an eye on their Discord announcements - https://discord.gg/hodlerspro , since their 5,555 NFTs are coming real soon! Each NFT will differ in appearance and rarity. Happy owners (I'm minting) of these NFTs will get free access to the website in the future. Holders were also said to have a privileged role on the site and the Discord server, unlike other roles, whose access will be partially restricted.The project we have here is something fresh that will benefit creators, investors and project owners big time. Having someone that you can discuss your future investments with is priceless. With the upcoming NFT collection Hodlers.pro is surely a product that if you pay close attention to, could bring you income right from the start.Source: Plato Data Intelligence: https://platodata.ai/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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UNS DIGITAL TECHNOLOGIES Introduces UNS Token to Get Passive Income for Users SeaPRwire

UNS DIGITAL TECHNOLOGIES Introduces UNS Token to Get Passive Income for Users

23 11 月, 2022
New York, NY, November 23, 2022 – (SEAPRWire) – UNS DIGITAL TECHNOLOGIES, a private company registered in India and Singapore, is proud to announce the launch of its UNS Token, which will help users get passive income from agriculture, education, energy and healthcare sectors. UNS Token, a Multi-Sector Utility BEP20 Token that enables in connecting real-life utilities to the digital world, is focused on building partnerships with various organizations specifically in essential sectors: Agriculture through Hydroponic FarmingEducation through Online and Offline CoachingEnergies through Solar EnergyHealthcare through Pharma IndustryCrypto through Crypto Exchange Early investors may have the opportunity to participate in the pre-sale of $UNS tokens before listing on crypto exchanges. $UNS Token is built on Binance Blockchain and hence. It is a BEP20 UNS Token, a Multisector Utility BEP20 Token that enables in connecting real-life utilities to the digital world. Huge Organic Demand is expected for UNS TOKEN since it will act as a backbone of UNS Exchange on the one hand and it’ll also have its projects across the Globe in all the much needed 4 service sectors for mankind. UNS Features By directly buying the products from the farmers and by bridging the farmers directly with the buyers of small and large scale, Hydroponic gardening can help with the cultivation of these exotic vegetables while also maintaining crop quality.UNS focuses to enhance the upcoming generation with great potential to grow, learn and experience. More focus is on enabling every child to extraordinarily understand the science behind wealth making and the curriculum is framed using Professionals with Doctorates in contemporary wealth making discipline.Firstly, they will establish the UNS Energy Pool. The idea is to join together electrical power producers and consumers and enable them to trade electricity through the Pool. After successful registration, everybody can join the Pool. But in order to actually trade electricity one would need to obtain UNS. UNS will be issued at the UNS token sale as a software and energy license to use the Energy Pool.UNS with its extensive network is in the process of finding such Experts and Specialists. Once found, they’d be enabled with required freedom given, with right kind of systems in place, to innovatively manufacture/supply in such a way that the aforesaid medicines are available for the general public at lesser or affordable price.UNS focuses to launch P2P Trading and Spot Trading Platform service to users across the globe. They will take P2P to more developing and underdeveloped countries by focusing on Top 15 countries’ Currencies and provide them with a simple fiat on-ramp solution that they deserve. Tokenomics ICO price of the token: 0.03 USDMaximum Supply: 1 BillionListing of UNS Tokens in Pancake Swap and UniSwap – Q1 2023 UNS token listing will start with PANCAKESWAP, followed by UNISWAP. Then it will be available in Centralised Exchanges including UNS Exchange and phase 3 onwards as per the road map. UNS tokens follow a linear vesting pattern where tokens issued during the pre-sale are locked up over a period of 2 years but the initial issue starts from the 9th month. Initial investors also get a 100% token reward as per their initial investment. ICO Vesting Period is from 6th Jan, 2023 till Oct 5th, 2023. So ICO tokens will be released at 12.5% per month from Oct 6th, 2023. Social Links Telegram: https://t.me/uns_official Twitter: https://twitter.com/_unsofficial_ Discord: https://discord.com/invite/wjFHg94mAW YouTube: https://www.youtube.com/channel/UCgkR5Guy3kNWSESdD_NfAeg Media Contact Brand: UNS DIGITAL TECHNOLOGIES Contact: Media team Website: https://uns.technology/ SOURCE: UNS DIGITAL TECHNOLOGIES The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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NTT DOCOMO and SK Telecom to Collaborate on Technological Advancement of Metaverse, Digital Media and 5G/6G JCN Newswire

NTT DOCOMO and SK Telecom to Collaborate on Technological Advancement of Metaverse, Digital Media and 5G/6G

21 11 月, 2022
TOKYO, Nov 21, 2022 - (JCN Newswire via SEAPRWire.com) - NTT DOCOMO, INC. announced today that it has agreed with leading Korean telecommunications operator SK Telecom (SKT) to collaborate on the competitive enhancement of their respective smart-life businesses and communications-infrastructure technologies worldwide.In the smart-life field, DOCOMO and SKT will discuss joint production of original content for their respective video distribution platforms and leverage their video-business synergies for expanded presence on the global stage.In metaverse-related services, they will consider opportunities to jointly produce virtual content, including 3D models, volumetric videos and virtual cities, as well as explore possibilities for connecting their respective platforms over the long term.In the field of telecommunications-infrastructure technologies, the two companies will pursue cooperation aimed at advancing 5G commercial services, which both firms have already started offering. Specific areas of technical consideration will include 5G Stand Alone, millimeter-wave utilization, energy-efficient networks, and Open RAN/vRAN.In addition, they will align their concepts and timelines for the early deployment of 6G through joint research and development as well as standardization, with joint testing to begin possibly next year. Such efforts are expected to support the Innovative Optical and Wireless Network (IOWN) concept being promoted by NTT, DOCOMO's parent. Alignment will include collaboration with the IOWN Global Forum, which is striving to propel communication and network-infrastructure technologies capable of meeting future technological challenges and societal needs.SK Telecom President & CEO Ryu Young-sang said: "The MOU has a significant meaning as it is a cooperation between the representative mobile operators of Korea and Japan. By working together with NTT DOCOMO in the area of future ICT, we will generate tangible results that drive global ICT innovation."NTT DOCOMO President & CEO Motoyuki Ii said: "By combining our technological capabilities and the know-how we have cultivated across years of experience, we hope to create new services that will allow customers around the world to experience new forms of excitement. We look forward to working with SK Telecom to develop the businesses of both companies."As world-leading telecommunications carriers with a shared vision, DOCOMO and SKT look forward to collaborating on global technologies and services that will mutually strengthen the competitiveness of their global businesses.About NTT DOCOMONTT DOCOMO, Japan's leading mobile operator with over 85 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. www.docomo.ne.jp/english/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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