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Media OutReach

KPMG in Singapore Introduces Strategic Guide to Boost Digital Talent and Inspire Green Innovation

SINGAPORE – Media OutReach Newswire – 24 January 2025 – KPMG in Singapore (KPMG) has launched a strategic guide, Advancing Digital Sustainable Talent for the Future, to support local businesses in developing digital talent while embedding sustainability into their operations. Created with contributions from the Infocomm Media Development Authority of Singapore (IMDA) and the Singapore Computer Society (SCS) Sustainable Tech SIG, the guide is closely aligned with national priorities such as the Forward Singapore exercise and the Singapore Green Plan 2030. From Left to Right: Mr Francis Lee, SCS Executive Director Mr Benjamin Soh, Sustainable Tech SIG, Committee Member Ms Ang Guat Ling, Sustainable Tech SIG, Committee Member Mr Kenneth Ng, Vice-Chairman, Sustainable Tech SIG, Committee Joey Tan, Chairman, Sustainable Tech SIG, Committee Lim Bee Kwan, Vice-President, SCS Executive Council Sam Liew, President, SCS Executive Council Dr Janil Puthucheary, Senior Minister of State, Ministry of Digital Development and Information of Singapore Lee Sze Yeng, Managing Partner, KPMG in Singapore Lyon Poh, Partner, Head of Corporate Transformation, KPMG in Singapore James Wilson, Partner, Technology Consulting Nicki Doble, Principal Advisor, Corporate Transformation, KPMG in Singapore Dr. Deven Chhaya, Partner, Infrastructure Advisory, KPMG in Singapore The guide highlights how many businesses already possess essential digital talent – such as AI specialists, software developers, and network engineers – and offers actionable strategies to upskill them for evolving technological demands. It also advocates for businesses to adopt ‘Green by Design’ principles, where sustainability is built into core operations and workforce strategies from the start, rather than being treated as an afterthought. This guide seeks to equip businesses with insights to plan ahead, offering observations of the current landscape, guidance on incorporating sustainability into business strategies, and actionable recommendations to address digital and green priorities. It supports Singapore’s vision of fostering a skilled workforce ready to leverage AI to drive sustainable innovation and long-term economic resilience. Lyon Poh, Partner and Head of Corporate Transformation at KPMG in Singapore, remarked, “The green transition is a strategic inflection point for Singapore businesses. To succeed, companies must embed sustainability into their core strategies, not as an afterthought, but as a foundation for innovation and growth. By remapping the mindsets and skillsets of their existing workforce, leveraging digital talent to drive green innovation, and aligning with national frameworks such as the Green Plan 2030, businesses can transform challenges into opportunities. Practical steps include investing in energy-efficient technologies, redesigning operations for circularity, and collaborating across sectors to scale impactful solutions. Singapore’s strong policy environment and tech-capable workforce uniquely position it to lead in this space, creating economic value while ensuring long-term resilience. Businesses that act decisively now will not only secure a competitive edge but also contribute meaningfully to Singapore’s sustainable growth story.” Joey Tan, Chairman, SCS Sustainable Tech SIG, said: “For a successful sustainability transformation, practitioners need to combine specialised knowledge with multidisciplinary skill sets. Green skills, including those related to green software, are essential for building a sustainable future and supporting Singapore’s transition to a resource-efficient society.” Strategic Guide Overview – Driving Green Transformation The guide outlines four key focus areas to help businesses succeed in integrating digital and green priorities: 1. Landscape Analysis Examines Singapore’s digital and green initiatives while addressing global commitments like the Paris Agreement and Sustainable Development Goals. Identifies workforce gaps and proposes tailored solutions to improve alignment between talent development and sustainability strategies. 2. “Green by Design” Principles Inspired by Singapore’s “Secure by Design” framework, these principles advocate embedding eco-conscious practices early in procurement, systems development, and operations, ensuring sustainability underpins all processes. 3. Digital Talent Roadmap Offers a clear framework for businesses to upskill existing digital roles with emerging green competencies. For example, software engineers can optimise algorithms for energy efficiency, while network specialists can architect sustainable systems. This roadmap is designed to support Singapore’s Skills Frameworks. 4. Recommendations for Businesses Practical steps include fostering a culture of green innovation to seek competitive advantage, advancing cross-sector collaborations to scale sustainable solutions and aligning processes with national initiatives like the Singapore Green Plan 2030. Strategic Imperatives for Businesses To seize the opportunities presented by the green economy and AI, Singapore businesses must act boldly. Key imperatives include: Embedding Sustainability Across Functions Integrate sustainability as a guiding principle across all departments to seek performance improvement opportunities instead of treating it as mere compliance. Investing in Green Innovation Commit resources to sustainable R&D and foster a culture of eco-friendly problem-solving at every level. Uplifting and Leveraging Talent Fully utilise current talent by embedding green mindsets and skillsets into digital roles, ensuring employees have the expertise to lead in this transformation. Leading with Purpose Purpose-driven organisations that align profitability with societal responsibility will differentiate themselves in this unprecedented economic shift. A Wider Economic and Social Vision The green economy has far-reaching implications. Its benefits include: Economic Evolution Industries such as renewable energy, green logistics, and low-carbon technologies are expected to expand, creating opportunities for market growth and adaptation. Global Competitiveness Nations and businesses adopting innovative sustainability practices will lead in setting benchmarks for global operations. Social Equity A green transition opens up new pathways of inclusivity, enabling diverse talents to play a role in shaping the global economy. A Call to Action The guide emphasises that the challenges posed by the green transition offer unprecedented opportunities for growth and leadership. By upskilling workforces, embedding Green by Design methodologies, and leveraging existing digital capabilities, businesses can remain competitive and contribute meaningfully to national and global sustainability goals. KPMG’s strategic guide provides a roadmap to help enterprises lead in the green transition by making sustainability a core pillar of their operations and talent strategies. Download the guide here to take the first step in driving innovation while building a sustainable future. Hashtag: #KPMG The issuer is solely responsible for the content of this announcement. About KPMG in Singapore KPMG in Singapore is part of a global organization of independent professional services firms providing Audit, Tax and Advisory services. We operate in 142 countries and territories with more than

Media OutReach

MSIG Asia And The RiskPoint Group Join Forces To Drive Renewable Energy Insurance Across Asia Pacific

SINGAPORE – Media OutReach Newswire – 24 January 2025 – MSIG Asia Pte Ltd (“MSIG”), a leading general insurance brand in the region, and The RiskPoint Group (“RiskPoint”), one of Europe’s largest Managing General Underwriters specialising in renewable energy, have announced a strategic partnership to advance renewable energy insurance in Asia Pacific. This collaboration underscores both organisations’ shared commitment to sustainability and innovation in addressing the evolving needs of the sector. With approval from the Monetary Authority of Singapore (MAS) for RiskPoint’s appointment as MSIG Singapore’s MGA, the partnership will leverage Singapore’s position as a regional insurance hub to provide coverage for renewable energy projects across the broader Asia Pacific region. Enhancing risk management for Asia Pacific’s renewable energy sector The Asia Pacific region is projected to invest over US$3 trillion in power generation over the next decade with nearly 49% of the investment dedicated to wind and solar projects and 12% for energy storage. Renewable energy is emerging as a key driver of both economic and environmental progress as countries in the region accelerate their green efforts to combat climate change and enhance long-term energy security1. With MSIG’s extensive regional distribution network and financial strength, combined with RiskPoint’s technical expertise and underwriting capabilities, the partnership is poised to significantly impact the renewable energy insurance landscape in Asia Pacific. Together, MSIG and RiskPoint will deliver tailored insurance solutions for construction and operation of solar, wind, and hydroelectric assets to project owners and their appointed brokers. “The renewable energy sector faces unique challenges, including regulatory changes, natural disasters, and operational risks. Our collaboration with RiskPoint will provide significant support to our broking partners and their clients in overcoming these challenges. Together, we are confident in making a meaningful contribution to the region’s accelerated transition towards a sustainable future. We are excited to work with RiskPoint to seize the promising opportunities ahead. This partnership is a key part of our MSIG Asia 2029 Growth Ambition, as recently outlined to the financial markets2,” says Clemens Philippi, CEO of MSIG Asia. Mack Eng, CEO of MSIG Singapore adds: “As Singapore solidifies its position as a regional insurance hub and accelerates its green energy transition, the opportunities in this space are immense. We are proud to partner with RiskPoint to support Singapore’s and the region’s green energy transition, collaborating with our business units across the Asia network to drive large-scale renewable energy projects.” MSIG and RiskPoint share a long-standing relationship dating back to 2008 in Europe, covering renewable energy, property, casualty, and financial lines. The expansion into Asia Pacific marks a critical milestone, further strengthening RiskPoint’s market-leading panel of ‘A’ or above rated insurance companies in the renewable energy insurance sector. It also highlights the broader RiskPoint’s dedication to work with world-class insurance providers to deliver exceptional value. Kenneth Nielsen, CEO of RiskPoint Group comments: “In our pursuit to provide service excellence and expand our footprint in AsiaPac, I am proud to welcome MSIG as a business partner. This new partnership enhances our ability to offer unique value propositions to the region and reaffirms the RiskPoint Group’s commitment to supporting the expansion of renewable energy solutions. We are excited to be part of driving the green transition also in AsiaPac in collaboration with MSIG.” 1 APAC to invest US$3.3 trillion in power generation over next decade | Wood Mackenzie­­ 2 https://www.ms-ad-hd.com/en/ir/ir_event/presentation.html Hashtag: #MSIGAsia The issuer is solely responsible for the content of this announcement. About MSIG Asia MSIG, one of Asia’s leading general insurance brands, is a member of the MS&AD Insurance Group Holdings Inc. and a wholly owned subsidiary of Mitsui Sumitomo Insurance Co. Ltd., boasting a robust credit rating of A+ Stable. With over 40,000 employees and presence in 48 countries and regions globally, the Group is amongst the world’s top non-life insurance groups based on gross revenue. Within Asia Pacific, MSIG is represented in all ASEAN markets as well as in Australia, New Zealand, Hong Kong, China, Korea, India and Taiwan. It is the top non-life regional insurance provider in ASEAN based on gross written premiums. MSIG’s expansive network also includes MS First Capital, headquartered in Singapore, and the Asia Pacific operations of MS Amlin. MS First Capital specialises in Corporate, Marine Hull, and unconventional risks, while MS Amlin delivers specialised insurance solutions in Property & Casualty, Marine & Aviation, and Reinsurance sectors. www.msig-asia.com About The RiskPoint Group The RiskPoint Group is one of Europe’s largest Managing General Underwriters (MGUs), providing best in class insurance solutions to businesses and their advisors globally. The RiskPoint Group operates as RiskPoint in Europe and Asia and RP Underwriting in the rest of the world. With 250+ employees and 16 locations in Europe, North America, and Asia Pacific, the RiskPoint Group employs expert underwriting and specialised, in-house claims teams within Accident & Health, Transactional Risk, Property & Construction, Renewable Energy, Offshore Upstream, and Liabilities, including Financial Lines, Cyber, and Casualty. The RiskPoint Group is a Coverholder with Lloyd’s of London and is backed by a strong panel of well-reputed insurance companies. www.rpgroup.com

Media OutReach

From Page to Stage®: Rousing the Dragon Premieres in March

Re-imagining a Classic Tale of the Three Kingdoms in English; Renowned Theatre Director Dr Vicki Ooi’s 101st Production HONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Widely celebrated for its literary and artistic value, as well as its timeless virtues, the Chinese literary classic Romance of the Three Kingdoms continues to inspire audiences across generations. The Absolutely Fabulous Theatre Connection (AFTEC), known for its innovative bilingual Learning Theatre™ approach, is set to present its latest production, Rousing the Dragon, this March. This English retelling of the Three Kingdoms saga will bring to life the legendary tales of Liu Bei, Guan Yu, Zhang Fei, and Zhuge Liang. Directed and adapted by Dr Vicki Ooi, recipient of the 31st Hong Kong Drama Awards’ Lifetime Achievement Award, the production will feature live music, bilingual surtitles, and a captivating performance that promises to move audiences. Rousing the Dragon marks the 101st production by AFTEC’s Artistic Director, Dr Vicki Ooi, a leading figure in Hong Kong’s arts and education sectors. Known for her dedication to holistic education and her passion for youth theatre, bilingual theatre, and arts education, Dr Ooi has spent decades creating thought-provoking works. Reflecting on this milestone, Dr Ooi shared: “We believe in the transformative power of the arts, which goes far beyond mere visual spectacle. With Rousing the Dragon, we aim to present a fresh and innovative take, engaging audiences with dynamic performances and powerful storytelling to ignite their interest in classic literature and the arts.” Rousing the Dragon is the first instalment of AFTEC’s Three Kingdoms Trilogy. As a prequel to last year’s Strategy, which depicted the battle of wits between Zhuge Liang and Zhou Yu, this new production returns audiences to the world of the Three Kingdoms. Iconic stories such as the Oath of the Peach Garden, Crossing Five Passes and Slaying Six Generals, and Three Visits to the Thatched Cottage are brought to life on stage, with a focus on the legendary bond between Liu Bei, Guan Yu, Zhang Fei, and Zhuge Liang. The performance explores three core themes: loyalty and nobility, brotherhood and fraternal bonding, and determination and resilience. The trilogy’s final chapter, Taming the Dragon (working title), is scheduled to premiere in March 2026 at the newly refurbished Sai Wan Ho Civic Centre Theatre, AFTEC’s venue partner, and will highlight the intense confrontation between Zhuge Liang and Sima Yi. For this production, Dr Vicki Ooi has enlisted Selina Kan of the Seals Players Foundation as a guest performer for two public shows. Dr Ooi and Kan share a collaborative history spanning half a century, blending mentorship and friendship. Kan has performed in 16 of Dr Ooi’s productions, including Volpona and Skin of Our Teeth, making her an integral part of this milestone work. Through From Page to Stage®, AFTEC integrates theatre and education, offering students and the public an opportunity to enjoy drama while exploring traditional Chinese virtues and values. This innovative approach makes learning English and historical knowledge accessible and enjoyable, providing a fresh perspective on Chinese literary epics and sparking interest in English, Chinese literature, and theatre arts. Two public performances of Rousing the Dragon will be held on 8 and 15 March at the Yuen Long Theatre Auditorium. Tickets will be available for purchase from 24 January through URBTIX and art-mate. Pre- and post-show foyer activities will be open to ticket holders, along with a post-show stage tour led by the cast, offering audiences a behind-the-scenes look at theatrical productions. Secondary school shows will run from 4 to 7 March and on 10 March at the Yuen Long Theatre Auditorium. Participating schools will gain access to pre-show learning resources, in-school workshops, and post-show activities. These resources provide students with a deeper understanding of the script, story, and characters while encouraging them to apply creative thinking skills to appreciate theatrical productions. Students will also have the chance to re-enact scenes under the guidance of the cast, experiencing the thrill of performing on stage. Programme website: https://www.aftec.hk/p2s2025-rousing-the-dragon/ Ticketing platforms: https://art-mate.net/doc/78082 (art-mate) https://www.urbtix.hk/event-detail/12826/ (URBTIX) Public Shows Secondary School Shows Date & Time March 8 & 15, 2025 (Saturday) 2:30 pm March 4 – 7 & 10, 2025 (Monday to Friday) 10:30 am & 2:30 pm Venue Yuen Long Theatre Auditorium Fee $240 (including post-show stage tour*) / $210 / $160 $100 (same for teachers and students) Length Approximately 1 hour with no intermission Approximately 1 hour and 30 minutes with no intermission Fringe Activities Pre- & post-show foyer activities for ticket holders * Post-show stage tour: Follow the cast to explore behind-the-scenes theatre operations Includes pre-show learning materials, in-school workshops, and post-show activities Hashtag: #AFTEC The issuer is solely responsible for the content of this announcement. About From Page to Stage® Since its launch in 2009, From Page to Stage® has been one of Hong Kong’s longest-running theatre education programmes, with over 300 performances staged and an audience of more than 125,000. Six productions were produced under The Jockey Club “From Page to Stage®” Programme from 2012 to 2017. It was also one of the English Alliance programmes under the Standing Committee on Language Education and Research (SCOLAR) from 2018 to 2021. Tailored for local secondary school students, the programme brings classic literature to life on stage, offering pre-show learning resources and in-school workshops. It aims to cultivate an appreciation for classic literature and the arts among Hong Kong students. Widely praised, nearly 25% of participating schools have been involved in the programme for 10 years or more. About The Absolutely Fabulous Theatre Connection The Absolutely Fabulous Theatre Connection (AFTEC) is the pioneer and specialist in creative learning and teaching in Hong Kong. As an award-winning bilingual Learning Theatre™, AFTEC is dedicated to nurturing the next generation of young people and creative learning professionals. We believe in the power of the arts to inspire, motivate, and transform, and use an integrated arts-in-education approach to enhance education and encourage creative learning. Our acronym A.F.T.E.C. also stands for Arts For Transformative Educational Change.

Media OutReach

Visa and Fintech DealMe Collaborate to Launch Cross-Border Card Installment Payments

Cardholders with locally issued Visa credit cards in Vietnam will soon have access to real-time installment offers at top merchants in South Korea, enhancing repayment convenience while traveling HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 January 2025 – Visa (NYSE: V), a global leader in digital payments, and DealMe, a fintech company, have joined forces to address the increasing demand for cross-border shopping and flexible payment options. This collaboration will introduce cross-border card installment payment services, offering greater payment flexibility to Vietnamese and other international consumers. Cardholders with locally issued Visa credit cards in Vietnam will soon have access to real-time installment offers at top merchants in South Korea, enhancing repayment convenience while traveling. This initiative will benefit Vietnamese shoppers, as Visa’s data indicates that 75% of surveyed Vietnamese consumers plan to travel for leisure next year, with South Korea being the top destination (18% planning to travel there)[1]. Vietnamese travelers with Visa credit cards issued in Vietnam will be able to shop at duty-free shops, department stores, and medical institutions in South Korea. This collaboration allows Visa and DealMe to provide card installment payments for foreign customers at participating merchants, a service that was previously unavailable. When international consumers use their Visa cards at these merchants, their cards will be checked for eligibility for the cross-border installment service. If eligible, consumers can choose the installment duration and complete their payments. DealMe plans to leverage Visa’s extensive global network, following a Memorandum of Understanding (MOU) signed with Visa’s Asia-Pacific headquarters in November 2024. DealMe will initially pilot this service in South Korea, in collaboration with Visa, and plans to expand it to other markets, including Vietnam, the United States, Australia, Japan, and Singapore. “This collaboration with DealMe reinforces Visa’s commitment to enhancing cross-border payments in Vietnam. The timing is ideal, with South Korea a favored destination for Vietnamese travelers and Asia Pacific travelers, and inbound tourism to Vietnam rebounding strongly. This innovative cross-border installment solution offers greater flexibility for both inbound and outbound travelers, supporting Vietnam’s future tourism payments and contributing to the nation’s digital transformation,” said Ms. Dung Dang, Visa Country Manager for Vietnam and Laos. Mr. KIM Tae Hong, SVP of DealMe, said: “We are delighted to partner with Visa to enable card installment payment on cross-border transaction. This gives consumers an additional payment option when traveling overseas.” [1] The Green Shoots Radar study (Wave 15, October 2024) was conducted online with 8,400 consumers across 14 Asia Pacific countries and territories including 500 Vietnamese/Korean respondents aged 18-65 years old: Japan is the leading destination for leisure travel in the next 12 months, followed by Australia, South Korea, and Mainland China. Hashtag: #Visa #DealMe #InstallmentPayments https://www.visa.com.vn/en_VN/about-visa/newsroom.htmlhttps://www.linkedin.com/company/visahttps://www.facebook.com/visavn The issuer is solely responsible for the content of this announcement. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com. About DealMe DealMe was established in 2022 with technology investments from KAIST (Korea Advanced Institute of Science and Technology). In June 2023, the company signed an agreement with Lotte Card to process installment payments for international customers visiting South Korea. The Initial Startup Package, a government-supported program organized by the Ministry of Small and Medium Enterprises and Startups and the Korea Startup Promotion Agency, has been crucial in supporting DealMe’s investment in the technology needed to implement cross-border credit card installment payments.

Media OutReach

Wildberries Posts Surge in E-Commerce Sales in Central Asia in 2024

MOSCOW, RUSSIA – Media OutReach Newswire – 24 January 2025 – Wildberries, a leading e-commerce platform in Eurasia, saw a surge in sales turnover for its operations in Central Asia in 2024. With a population of 75 million and rapidly growing online retail penetration, Central Asia is one of the world’s most dynamic markets for e-commerce growth. Wildberries currently operates in three of the region’s five countries. Kazakhstan, the largest economy in Central Asia, is Wildberries’ third-largest market after Russia and Belarus. The company began operating there a decade ago. Purchases in Kazakhstan on the Wildberries marketplace increased by 96% year-on-year in the first nine months of 2024. Sales by Kazakhstan-based sellers on the platform grew by 67% during the same period. With more than one million sellers on its platform, Wildberries supports the growth of small businesses and entrepreneurs in the region by enabling them to sell their products not only on their domestic markets but across all countries where the company operates. In Kyrgyzstan, where Wildberries began operations seven years ago, purchases grew 2.3-fold year-on-year in the first nine months of 2024. Sales by Kyrgyz sellers on the platform more than doubled over the same period. The fastest-growing market for Wildberries is Uzbekistan, the most populous country in Central Asia with a population of 36 million people. Wildberries entered Uzbekistan, which is known for its cotton production and high-quality yet affordable textiles, in 2022. Sales by Uzbekistan-based sellers on the platform grew 87-fold year-on-year in the first nine months of 2024, with most of these goods sold to neighboring countries in the CIS. Purchases in Uzbekistan increased by 47% during the same period. Wildberries is actively developing its logistics infrastructure in Central Asia to further improve its storage and delivery services for local buyers and sellers and support its expansion in the region. In Kazakhstan, the company operates 1,600 pick-up points and 43,000 square meters of warehouse space. Additionally, two large logistics hubs with a combined area of 269,000 square meters are currently under construction near the country’s largest cities, Almaty and Astana. Wildberries also opened its first large-scale logistics complex in Uzbekistan in 2023, with plans for further expansion. Hashtag: #wildberries The issuer is solely responsible for the content of this announcement. About Wildberries Established in 2004 in Russia, Wildberries is a leading e-commerce platform that currently operates in Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia and Uzbekistan, in addition to partnering with sellers in China. Wildberries offers a state-of-the-art IT infrastructure to support customers and sellers on its platform, as well as a developed logistics network spanning more than 130 facilities and 55,000 pick-up points across its markets of operation. As of 2024, Wildberries serves a customer base of more than 75 million and processes more than 20 million orders per day.

News, Property

Knight Frank: 2024 Office Redevelopment to Focus on Premium Spaces

SINGAPORE: Asia-Pacific’s office sector offers compelling opportunities for value-add investments, according to Knight Frank Asia-Pacific’s latest outlook report, Charting new horizons – 25 trends shaping 2025. The report features its 25 key significant developments across sectors trends.   The report showed that 45% of office transactions earmarked for redevelopment or renovation focused on upgrading and enhancing office specifications in 2024. The issue of building obsolescence gained prevalence over the past year, as Grade B and lower-tier buildings face increasing challenges in leasing due to a growing ‘flight-to-quality’ trend among corporate occupiers. This shift presents significant investment opportunities in the value-add segment, particularly in revitalising older stock by incorporating ESG (environment, social and governance) and wellness features. Christine Li, head of research, Asia-Pacific and report author, says, “The Asia-Pacific office sector is evolving into a two-tiered market, offering opportunities for value-add investors. This transformation is driven by the widening gap between outdated and premium office spaces, increasing focus on sustainability and ESG compliance, and mandatory stock market regulations. Consequently, we are witnessing a sustained demand for ESG-compliant office spaces.” Neil Brookes, global head of capital markets, Knight Frank, says, “Despite ongoing challenges, we expect a steady recovery in the region as pricing stabilises, bid-ask spread narrows, and confidence grows. Investors are increasingly diversifying their portfolios with alternative real estate investments alongside traditional assets. Diverse market conditions and economies in the region offer opportunities for different investment strategies, requiring investors to remain adaptable and responsive in their strategic approaches to capitalise on the most attractive opportunities.”   16% Rise in APAC office investment, first uptick in two years The office sector led investment volume across Asia-Pacific. Annual investment volume in office assets grew 16%, the fastest growing asset class, to reach US$59.5 billion in 2024 from US$51.2 billion in 2023. This growth accounted for 37% of all capital received in the region’s real estate market.   A major draw of office assets in Asia-Pacific is the high occupancy rate compared with western counterparts. Utilisation rate averages to 80% in the region, far higher than the 65% recorded in major US cities and 70% in the UK and Europe.   Data centres lead alternative real estate amid shifting investor landscape   Investor appetite for defensive sectors remains strong, with data centres leading alternative real estate investments, despite anticipated rate cuts. Data centres have consistently ranked first in niche property type prospects, showcasing remarkable growth. In 2024, data centre investments reached US$6.3 billion (excluding the AirTrunk takeover) a 2.5-fold increase from US$2.5 billion in 2023. This trend is driven by persistent pricing expectation gaps and narrowing yield spreads, pushing investors towards assets that can meet their return targets. Fred Fitzalan Howard, data centre lead, Knight Frank, says “Asia-Pacific offers significant investment opportunities in the data centre sector due to strong live supply growth and a persistent supply-demand imbalance. From 2018 to 2023, the region experienced a compound annual growth rate (CAGR) of 19% in live supply, as reported by DC Byte. Yet, the current supply remains insufficient to meet the demands of its vast population’s digital growth. Malaysia continues to lead as the top data centre hub in Knight Frank’s SEA-5 Data Centre Opportunity Index 2024, while emerging markets such as Chennai, Melbourne, and Bangkok show promising potential in this sector as Cloud Service Providers and AI companies diversify away from tier 1 data centre hubs.”   Emerging markets drive industrial asset growth amid global supply chain shifts The industrial sector in emerging markets experienced remarkable growth, with total capital received for industrial assets reaching a record-breaking US$3.0 billion in 2024, marking a 50% increase from the previous year. This growth significantly outpaced the rest of Asia-Pacific, which saw only an 8% increase during the same period. Vietnam emerged as a leading investment destination in the region, leveraging its strategic proximity to Chinese mainland and strong export growth. As Southeast Asia’s largest exporter, Vietnam’s exports grew rising from US$320 billion in 2019 to US$440 billion in 2023 at a CAGR of 8.2%, as noted by IHS Markit, driven by substantial foreign direct investment in manufacturing.   To download Knight Frank Asia-Pacific Charting new horizons – 25 trends shaping 2025, report, please visit https://hubs.ly/Q033Fw0_0.

ESG, News

Etihad Airways Named Official Global Airline Partner of BWF

KUALA LUMPUR: Etihad Airways, the national airline of the United Arab Emirates, serves up an exciting new partnership with the Badminton World Federation, commencing in the 2025 season. As the exclusive Official BWF Global Airline Partner from 2025, Etihad will be present at prestigious BWF World Tour events as well as the BWF World Tour Finals, BWF World Championships, BWF Sudirman Cup Finals, and BWF Thomas & Uber Cup Finals. Arik De, Chief Revenue and Commercial Officer at Etihad Airways, said: “We are excited to welcome the Badminton World Federation to our global sports sponsorship portfolio. Badminton’s growing popularity around the world, and in particular across Asia, aligns perfectly with Etihad’s expanding network as we prepare to welcome 13 new destinations in 2025. “We value the opportunity to partner with sporting events and teams throughout the world and leverage the power of sports in uniting communities. With successful partnerships across a number of countries, we are able to reach viewers and fans spanning all corners of the globe, and we look forward to engaging with badminton fans worldwide in 2025,” De continued. “Our partnership with Etihad Airways marks a significant milestone for BWF as we align with a global leader in air travel,” said Thomas Lund, BWF Secretary General. “Badminton’s global reach continues to grow, particularly in Asia, where it is a cherished sport and Etihad’s extensive network in the region and beyond creates an excellent synergy with our goals. Together, we aim to elevate the sport’s visibility, engage fans worldwide and deliver unforgettable experiences at our premier tournaments. “Etihad Airways’ dedication to fostering connections through sports mirrors our commitment to uniting people through badminton’s universal appeal. From the Sudirman Cup to the World Tour Finals, this collaboration promises to enhance the fan experience, not just for those attending events but for millions following globally. We are excited to embark on this journey with Etihad Airways and look forward to an impactful partnership beginning in 2025.” As part of this partnership, Etihad will engage with fans of the popular sport at 21 tournaments taking place across 14 countries. Etihad will bring elements of its world-renowned Emirati hospitality and engaging experiences to fans attending the key tournaments. In addition, Etihad will create engaging digital content to connect with the wider global badminton community. Etihad and the BWF celebrated its exciting new partnership with a launch function at BWF Headquarters in Kuala Lumpur, Malaysia on Friday 10 January 2025. Speaking at the event were Dr. Nadia Bastaki, Etihad Chief People & Corporate Affairs Officer, and Thomas Lund, BWF Secretary General. Also present were star badminton players Lee Zii Jia of Malaysia and Alex Lanier of France. On Saturday 11 January 2025, Dr. Nadia Bastaki and BWF Deputy President, Khunying Patama Leeswadtrakul, announced the partnership to fans at the PETRONAS Malaysia Open 2025 at Axiata Arena. This strategic collaboration solidifies Etihad’s commitment to Asia, where it serves 28 cities with seven additional destinations launching in 2025, including Chiang Mai, Hanoi, Hong Kong, Krabi, Medan, Phnom Penh, and Taipei. The agreement between Etihad Airways and BWF was made in collaboration with BWF’s global commercial agency, Infront.

ESG, News

Heidelberg Materials Malaysia Cementing a Sustainable Tomorrow

Heidelberg Materials Malaysia, formerly known as Hanson HeidelbergCement Malaysia, has embarked on a rebranding journey, marking a pivotal milestone in its history. With a new name and an invigorated purpose, the company reaffirms its standing as Malaysia’s leading producer of high-quality construction materials while championing sustainability and cutting-edge innovation. This evolution highlights the company’s unwavering commitment to operational excellence, supported by over three decades of deep involvement in Malaysia’s construction infrastructure. Heidelberg Materials Malaysia’s new identity reflects its forward-thinking vision to lead the sector in driving sustainable development, all while continuing its legacy of quality, reliability, and innovation. Quality and Market Leadership Since 1992, Heidelberg Materials Malaysia has established itself as the leading producer of high-quality aggregates, asphalt, and ready-mixed concrete in the country. The company operates an extensive network of 16 strategically located quarries in addition to 17 asphalt plants, and 42 ready-mixed concrete plants. This robust and efficient infrastructure has supported landmark projects such as the Petronas Twin Towers, the Penang Second Bridge, and the Mass Rapid Transit (MRT) system in Kuala Lumpur and Selangor, underscoring its pivotal role in Malaysia’s growth and economic development. The construction materials industry is a fiercely competitive sector, driven by rapid urbanisation and increasing demand for sustainable solutions, even during challenging economic cycles. Over the decades, Heidelberg Materials Malaysia has navigated rising material costs, increasingly stringent environmental regulations, and evolving customer expectations to remain ahead. The company has not only weathered the industry’s challenges with resilience but thrived by setting itself apart with a renewed focus on leading the market into a greener, more innovative era. This rebranding aligns Heidelberg Materials Malaysia’s core values with that of its global parent company, further enhancing its capacity to deliver advanced solutions tailored to supporting local requirements while holistically adopting global best practices. Dan Ahern, Managing Director of Heidelberg Materials Malaysia said: “This rebranding marks a defining moment for Heidelberg Materials Malaysia. Sustainability and innovation are now the foundation of every aspect of our daily operations. By combining our global expertise with adeep understanding of domestic needs, we are formulating transformative solutions that will positively impact our customers, communities, and the environment.” Advancing Sustainability Sustainability is integral to Heidelberg Materials Malaysia’s core strategy. As a pioneer in green innovation, the company has introduced industry-leading products such as evoBuild™ Low Carbon Concrete, which achieves up to 40% carbon dioxide reduction and carbon emissions when compared to traditional materials. This product, certified by Malaysia’s official green certification body, MyHIJAU, exemplifies how the company plays a pioneering leadership role in sustainable construction. “We are setting new standards in the industry by embedding sustainability into all aspects of our processes,” added Mr. Ahern. “Our low-carbon solutions and use of recycled materials directly empower our customers to make environmentally responsible choices without compromising on quality and reliability.” At the heart of its success lies its unwaveringly dedicated workforce. The company has invested in continuous training, career development programs, and workplace safety initiatives, ensuring its employees thrive in a supportive and forward-thinking environment. By fostering streamlined process flows and a culture of collaboration and consistency, stakeholders and teams are empowered to drive meaningful change within the organisation and the broader industry. Collaborative Growth and Global Market Opportunities Heidelberg Materials Malaysia’s success is rooted in strong partnerships with regulatory bodies, research institutions, and its clientele. These collaborations foster innovation while delivering tailored solutions that meet specific project requirements. With an extensive footprint across Malaysia, the company is well-positioned to capitalise on opportunities in key sectors, including infrastructure projects, coveted residential developments, and green building initiatives. The company’s large-scale focus includes highways, bridges, and commercial developments, in line with the increasing demand for sustainable urban housing. By prioritising environmentally friendly construction materials, Heidelberg Materials Malaysia supports Malaysia’s vision of accelerating green development. Through integration with Heidelberg Materials’ global network, the company accesses a wealth of technical knowledge, case studies, and advanced proprietary technologies. This cross-border synergy allows Heidelberg Materials Malaysia to deliver world-class solutions that comply with local regulations and address specific customer needs in a bespoke yet structured manner. Its commitment to delivering quality, sustainable solutions cements its position as a trusted partner in the construction industry overall. This rebranding symbolises Heidelberg Materials Malaysia’s readiness to lead the nation into a greener, more innovative era of construction, building a better future for generations to come. The rebranding enhances Heidelberg Materials Malaysia’s appeal by aligning with the values of environmentally conscious customers while reinforcing its competitive edge and core competencies. The company’s proven track record, extensive expertise, and dedication to innovation ensure that its current portfolio of clients views Heidelberg Materials Malaysia as a strategic partner in their success. By aligning localised operations with global sustainability goals, the company demonstrates its readiness to lead Malaysia’s construction industry toward a sustainable and innovative future. For more information about Heidelberg Materials Malaysia and its innovative solutions, please visit https://www.heidelbergmaterials.my/.

Media OutReach

EVM, Solarvest and PECC2 Forge Strategic Partnership to Accelerate Renewable Energy Adoption in Vietnam through the new Direct Power Purchase Agreement Mechanism (DPPA) via National Grid

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 January 2025 – A Memorandum of Understanding (MoU) was signed today between, Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (“Solarvest”), and Power Engineering Consulting Joint Stock Company 2 (PECC2), marking the start of a strategic partnership aimed at accelerating the adoption of a renewable energy solution in Vietnam. This collaboration focuses on leveraging the Direct Power Purchase Agreement (DPPA) Mechanism via National Grid to supply a large amount of green electricity by Solarvest and PECC2 to EVM’s operations in Vietnam, playing a part in facilitating sustainable energy projects and drive Vietnam’s clean energy transition. After years of research, the Vietnamese Government issued Decree 80/2024/ND-CP on July 3, 2024, regulating the mechanism for direct power purchase agreement (DPPA) between renewable energy generators and large electricity consumers. Among the two types of DPPA outlined in this Decree, the DPPA through the national grid, also known as the virtual DPPA, is the option selected by the parties under this MOU. This mechanism allows EVM, who has substantial renewable energy needs, to access a utility-scale renewable energy generating source, a solar farm project, with electricity purchases made through the national grid. EVM, Solarvest and PECC2 recognize that this DPPA Mechanism presents a unique opportunity to overcome barriers to renewable energy adoption, including accessible, regulatory, financial, and technical challenges. By uniting their expertise, the parties aim to streamline the adoption of renewable energy solutions and accelerate participation in the DPPA Mechanism for solar energy projects. Speaking at the event, Global Vice President – Sales, Assets & Marketing of Solarvest, Mr. Jack Tan Qi Jie, emphasized the importance of partnerships in achieving sustainability: “This partnership between EVM, Solarvest and PECC2 is more than a collaboration—it’s a strategic alignment of expertise and shared values. Together, we are addressing one of the most critical challenges businesses face today: the transition to renewable energy in a way that is both economically viable and operationally efficient. Solarvest brings years of experience in clean energy development, with over 1,300MW of renewable energy projects across Asia-Pacific. By combining our proven financial models with the technical expertise of PECC2 and the innovative drive of EVM, we are creating tailored solutions that enable businesses to achieve their sustainability goals without compromising profitability. We see that The DPPA via National Grid marks an important milestone in Vietnam’s energy transition and it is expected to transform Vietnam’s energy market, policies, and power system operations toward achieving NET ZERO and excited to be a part of this progress as a pioneer.” Mr. Emil Lin, CSR Senior Manager of Saigon Jim Brother’s Corporation (EVM), commented: “As a footwear manufacturing company in Vietnam for a top international brand, sustainability is at the core of our operations. This cooperation with Solarvest and PECC2 marks a pivotal step in our journey toward achieving our turning green targets. By integrating renewable energy into our production processes, we are not only reducing our carbon footprint but also aligning with EP Group’s global sustainability goals. This collaboration demonstrates our commitment to innovation and environmental stewardship as we continue to lead by example in the manufacturing industry.” Representing PECC2, Mr. Nguyen Hai Phu, Chief Operating Officer of PECC2 said: “This collaboration with Solarvest and EVM represents a significant step forward, allowing PECC2 to provide large-scale green electricity to EVM’s operations in Vietnam. This partnership signifies more than a legal agreement; it demonstrates a shared vision to overcome challenges in renewable energy adoption. By combining our expertise, we aim to address accessibility, regulatory, financial, and technical hurdles, thereby streamlining the implementation of renewable energy solutions and enhancing participation in the DPPA Mechanism for renewable energy projects.” Hashtag: #Solarvest #Energy #SolarEnergy #Sustainability https://solarvest.com/https://www.linkedin.com/company/solarvest/posts/?feedView=allhttps://www.facebook.com/solarvesthttps://www.instagram.com/solarvestgroup/ The issuer is solely responsible for the content of this announcement. About Solarvest (Vietnam) Company Limited Solarvest (Vietnam) Company Limited is the subsidiary of Solarvest Holdings Berhad, Malaysia’s largest clean energy developer with multi-national presence across Asia-Pacific in 8 countries. The company is a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest has accumulated over 1,300MW renewable energy portfolio.

Media OutReach

Aon Names Puneet Swani Head of Talent Solutions in Asia Pacific to Accelerate Aon’s Human Capital Strategy in the Region

SINGAPORE – Media OutReach Newswire – 24 January 2025 – Aon plc (NYSE: AON), a leading global professional services firm, today announced Puneet Swani has been named head of Talent Solutions for Asia Pacific, effective immediately. Swani will be based in Singapore and report to Tim Dwyer, head of Human Capital for Asia Pacific at Aon. Swani will help drive Aon’s Talent Solutions capability and integrated Human Capital approach in Asia Pacific working closely with the Talent, Health and Wealth Solutions teams, across the region. “Talent Solutions is crucial to our overall Human Capital strategy due to its impact on clients’ abilities to attract, retain and develop their talent. By addressing these needs, we aim to assist clients in making better decisions in the pursuit of stronger, more adaptable and motivated workforces. I am excited to welcome Puneet to the Aon team,” said Dwyer. “Puneet’s business acumen, combined with his twenty-five plus years of experience as an international HR advisor will accelerate our ability to deliver human capital capabilities to our clients.” Swani is an experienced leader specialising in human resources consulting spanning more than twenty-five years. He joins Aon having had a distinguished career at both Hewitt Associates and Mercer, most recently serving as senior partner – international region at Mercer. “I am thrilled to join Aon as the firm continues to innovate and provide data and expertise to help organisations attract and retain key talent. I look forward to working with Aon’s talented team and building on their existing momentum of delivering insights and scalable solutions to mitigate people risk and help organisations create resilient workforces,” Swani said. Read more about Aon’s capabilities in Asia Pacific here. Hashtag: #Aon The issuer is solely responsible for the content of this announcement. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up to date by visiting Aon’s newsroom and sign up for news alerts here. Disclaimer The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.

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