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The Executives

Eco-Friendly Innovation: ReadyCare’s Journey to Sustainable Business Growth

In the business world today, sustainability has evolved from a buzzword to a core strategy. ReadyCare, a frontrunner in eco-friendly household products, has fully integrated sustainability into its business model. Rather than treating environmental responsibility as a separate initiative, ReadyCare embeds green practices into its day-to-day operations, proving that sustainable growth can go hand in hand with scalability. The Exchange Asia spoke with Mr. Yeoh Eng Foo, Founder of ReadyCare, to gain insight into how the company strikes a balance between eco-consciousness and competitive growth, and how it’s expanding both locally and internationally while remaining steadfast in its sustainability goals. Sustainability at the Core Mr. Yeoh explains that sustainability is not a side project for ReadyCare but rather the foundation of the company’s operations. “At ReadyCare, sustainability is integral to our business model,” he shares. “We’ve implemented green energy solutions and introduced refill vending machines to reduce plastic waste, contributing to both environmental goals and operational efficiency.” These innovations, such as refill vending machines, not only minimize plastic consumption but also make ReadyCare’s products more accessible to consumers, providing an added advantage in scalability. “Our focus on affordability and expanding our distribution regionally allows us to compete with larger players while staying true to our values,” Mr. Yeoh continues. Striking a Competitive Edge Locally and Globally ReadyCare’s strategy to maintain a competitive advantage centers around a blend of affordability, quality, and sustainability. Locally, the company tailors its products to meet specific consumer needs. For instance, it offers detergents free from synthetic perfumes, perfect for sensitive skin, a concern for many Malaysian households. Internationally, ReadyCare has earned significant credibility through certifications from the USDA, The Vegan Society, and JAKIM. These certifications position the company as a trusted player in the eco-friendly product market. To ensure broader reach, ReadyCare has expanded its online presence through platforms like Shopee and Lazada, while also securing brick-and-mortar retail partnerships. Innovation plays a major role in maintaining a competitive edge. For instance, ReadyCare’s recyclable monofilm packaging distinguishes its products in both local and international markets, enhancing its sustainability credentials. Overcoming Market Challenges Entering new markets presents its own set of challenges. “Each market has different regulatory standards and consumer preferences,” Mr. Yeoh explains. “For example, Japan has a strong demand for premium eco-friendly products, while affordability is a higher priority in Indonesia.” ReadyCare’s approach to overcoming these challenges has been through research and strategic partnerships with local players. In Indonesia, for example, the company has collaborated with a local partner to navigate import regulations and customize their offerings to meet the market’s needs. By tailoring both product formulations and marketing strategies to fit local preferences, ReadyCare has found success in diverse markets. Tailoring Products and Marketing to Local Preferences Understanding local consumer behavior is at the heart of ReadyCare’s international expansion strategy. “Before entering a new market, we conduct thorough research to understand consumer pain points,” says Mr. Yeoh. For example, ReadyCare’s dishwashing liquid is specifically formulated to handle the grease from Asian cuisines, a common challenge for many consumers in the region. Similarly, its baby detergents are designed for sensitive skin, offering both efficacy and gentleness. In terms of marketing, ReadyCare adapts its messaging depending on the region. In Japan, where sustainability is a key concern, the company emphasizes its eco-friendly credentials. Meanwhile, in markets like Thailand and Indonesia, affordability and accessibility take precedence, with local partnerships and campaigns helping the company connect with the right audience. A Revenue Model Built on Affordability and Innovation ReadyCare’s revenue generation model revolves around offering affordable eco-friendly products while continuing to innovate. “We focus on providing consistent access to our products through subscription services and major retailer partnerships,” Mr. Yeoh explains. The introduction of refill vending machines is one such innovation that not only supports sustainability but also helps reduce the costs associated with single-use plastics, allowing ReadyCare to reinvest in research and development. Being self-funded has allowed ReadyCare to prioritize reinvestment into R&D, enabling the company to expand its product line without sacrificing its commitment to sustainability. Significant Milestones and Future Growth ReadyCare has already achieved several key milestones that reflect its steady growth trajectory. Some of the company’s proudest accomplishments include earning the USDA biobased certification, launching its refill vending machines in 2022, and expanding into international markets such as the Philippines, Thailand, and Japan. These milestones underscore the company’s commitment to both innovation and sustainability, with each achievement bringing them closer to their vision of becoming a leading clean-living brand in the region. Looking ahead, ReadyCare is focused on further expansion, with plans to enter new markets including Hong Kong, Taiwan, Australia, New Zealand, India, and the Middle East over the next five years. Locally, the company aims to raise awareness about biobased products through targeted campaigns and corporate partnerships. “With rising demand for sustainable solutions, we anticipate breakeven within the next year and positive cash flow by 2026,” Mr. Yeoh shares. Staying Ahead with Innovation As the sustainable household product industry evolves, ReadyCare is committed to staying ahead of the curve by focusing on innovations like monofilm recyclable packaging, refill vending machines, and plant-based formulations. “Consumers are increasingly demanding eco-friendly solutions that don’t compromise on quality,” Mr. Yeoh notes. To meet this demand, ReadyCare continually invests in R&D to push the boundaries of sustainability and product performance. The Impact of the Refill Vending Machines and Plastic Reborn Campaign One of the company’s most tangible contributions to sustainability is the launch of its refill vending machines and the Plastic Reborn Campaign. The refill vending machines were introduced to reduce plastic waste, which has become a significant issue in Malaysia. “These initiatives demonstrate our commitment to sustainability while offering consumers a practical way to engage with the brand,” says Mr. Yeoh. The campaign has resonated strongly with eco-conscious consumers, and partnerships with organizations like AmBank have helped amplify its impact. By providing a visible, hands-on solution to plastic waste, ReadyCare has not only boosted its brand visibility but also fostered long-term customer loyalty. ReadyCare’s journey

Upcoming Events

DigiMarCon Southeast Asia 2025

DigiMarCon Southeast Asia 2025 is the premier event for those eager to advance in the digital marketing, media, and advertising industries. Taking place from September 18th to 19th, 2025, at the luxurious Resorts World Sentosa Convention Centre in Singapore, this 5th annual conference offers a unique opportunity to gain critical insights, strategies, and cutting-edge technologies to elevate your business. Join industry leaders and peers for two days packed with transformative learning experiences. Whether you attend in person or online, you’ll hear from some of the most audacious and thought-provoking speakers shaping the future of digital marketing. This is your chance to discover the latest trends, emerging strategies, and best practices that will help you stay ahead in the fast-evolving digital world. DigiMarCon Southeast Asia 2025 isn’t just about learning—it’s about connecting. With ample networking opportunities, you’ll be able to collaborate with thought leaders, share ideas with fellow professionals, and build valuable relationships that can shape the future of your career. Key Highlights of the Event: Inspiring Keynotes & Case Studies: Gain invaluable insights from top industry experts and successful case studies. Strategy Sessions & Networking: Deep dive into practical solutions and digital marketing strategies, and connect with peers and influencers. Innovative Technology Showcase: Explore the next generation of technologies in Internet, Mobile, AdTech, MarTech, and SaaS. This year’s event will feature discussions on some of the most pressing topics in digital marketing today, including: Artificial Intelligence & ChatGPT Behavioral & Neuromarketing Content Marketing Conversational Marketing Conversion Rate Optimization Data Science & Big Data Email Marketing Geo-Targeting & Proximity Marketing Growth Hacking Influencer Marketing Mobile Marketing Native & Contextual Advertising Omnichannel Marketing Paid Search Marketing Personalization & Privacy Podcast & Webinar Marketing Predictive Analytics & Attribution Programmatic Advertising Sales & Marketing Automation Search Engine Optimization Social Media Marketing UI / UX Design User-Generated Content Video Marketing Viral & Buzz Marketing Visual & Voice Search Web Analytics Whether you’re a digital marketing expert or just getting started, DigiMarCon Southeast Asia 2025 offers the tools, connections, and knowledge to succeed in a dynamic digital landscape. Don’t miss out—register today and secure your seat at this must-attend event. See why DigiMarCon Southeast Asia continues to be the go-to conference year after year!

Media OutReach

Experience The Ultimate Adrenaline Rush With Thrill Coaster Singapore VR Pods At Madame Tussauds Singapore

SINGAPORE – Media OutReach Newswire – 9 January 2025 – Madame Tussauds Singapore is thrilled to announce the launch of its newest and most exhilarating experience, the Thrill Coaster Singapore. Photo by Madame Tussauds Singapore Madame Tussauds Singapore is taking excitement to the next level with the launch of Thrill Coaster Singapore, a state-of-the-art virtual reality experience designed to immerse visitors in heart-pounding, high-speed adventures like never before. The Thrill Coaster Singapore is a cutting-edge virtual reality immersive entertainment, blending high-speed thrills with stunning virtual reality environments. Designed to captivate both thrill-seekers and tech enthusiasts, riders will feel the rush of high-speed coaster action while virtually soaring above the city’s most famous landmarks around Marina Bay area, offering a unique perspective of the vibrant cityscape. “We’re thrilled to introduce ThrillCoaster VR Pods as part of our ongoing commitment to delivering innovative and immersive entertainment. This is more than a ride— it’s an immersive experience that showcases the beauty of Singapore from a whole new angle,” said Steven Chung, General Manager of Madame Tussauds Singapore. “This ride will be a truly unique adventure for our guests.” What Makes Thrill Coaster Singapore Unmissable? Immersive Virtual Reality: Step into a vividly detailed world where you’re at the center of the action. Dynamic Motion Simulation: Feel every twist, turn, and drop for an adrenaline-fueled experience. Family-Friendly Fun: With multiple themed adventures, there’s something for thrill-seekers of all ages. Exclusive Singapore Setting: Perfectly complementing our mix of interactive attractions. Don’t miss this chance to be part of the action. Thrill Coaster Singapore is now open at Madame Tussauds Singapore, promising non-stop fun for families, friends, and adventure enthusiasts alike. Tickets for the Thrill Coaster VR Ride are available from starting price of $12 and is available from https://madametussauds.com/singapore/tickets. Do follow Madame Tussauds Singapore social media for updates . Hashtag: #MadameTussauds https://www.madametussauds.com/singaporehttps://x.com/mtssingaporehttps://www.facebook.com/MadameTussaudsSingapore/https://www.instagram.com/mtssingapore The issuer is solely responsible for the content of this announcement. About Madame Tussauds Singapore Located at Imbiah Lookout, Sentosa, Madame Tussauds Singapore opened in October 2014, and features variety of interactive experiences under one roof; from Madame Tussauds Singapore, to Images of Singapore, to “Spirit of Singapore” boat ride – the only Madame Tussauds site to have a boat ride, the Marvel Universe 4D Cinema, and lastly the Ultimate Film Star Experience! Featuring 12 incredible zones from glamourous Hollywood actors to your favorite K-pop stars, artists, musicians and sports heroes, the incredible Madame Tussauds Singapore houses over 75 wax figures. The gallery of wonder is so much more than an exciting attraction – where guests will get to experience our immersive and interactive technologies at every corner! Madame Tussauds Singapore welcomes guests from 10am to 7pm daily (final admission at 6pm). For ticket enquiries, please call (65) 6715 4000 or visit www.madametussauds.com/singapore/.

Media OutReach

Experience The Ultimate Adrenaline Rush With Thrill Coaster Singapore VR Pods At Madame Tussauds Singapore

SINGAPORE – Media OutReach Newswire – 9 January 2025 – Madame Tussauds Singapore is thrilled to announce the launch of its newest and most exhilarating experience, the Thrill Coaster Singapore. Photo by Madame Tussauds Singapore Madame Tussauds Singapore is taking excitement to the next level with the launch of Thrill Coaster Singapore, a state-of-the-art virtual reality experience designed to immerse visitors in heart-pounding, high-speed adventures like never before. The Thrill Coaster Singapore is a cutting-edge virtual reality immersive entertainment, blending high-speed thrills with stunning virtual reality environments. Designed to captivate both thrill-seekers and tech enthusiasts, riders will feel the rush of high-speed coaster action while virtually soaring above the city’s most famous landmarks around Marina Bay area, offering a unique perspective of the vibrant cityscape. “We’re thrilled to introduce ThrillCoaster VR Pods as part of our ongoing commitment to delivering innovative and immersive entertainment. This is more than a ride— it’s an immersive experience that showcases the beauty of Singapore from a whole new angle,” said Steven Chung, General Manager of Madame Tussauds Singapore. “This ride will be a truly unique adventure for our guests.” What Makes Thrill Coaster Singapore Unmissable? Immersive Virtual Reality: Step into a vividly detailed world where you’re at the center of the action. Dynamic Motion Simulation: Feel every twist, turn, and drop for an adrenaline-fueled experience. Family-Friendly Fun: With multiple themed adventures, there’s something for thrill-seekers of all ages. Exclusive Singapore Setting: Perfectly complementing our mix of interactive attractions. Don’t miss this chance to be part of the action. Thrill Coaster Singapore is now open at Madame Tussauds Singapore, promising non-stop fun for families, friends, and adventure enthusiasts alike. Tickets for the Thrill Coaster VR Ride are available from starting price of $12 and is available from https://madametussauds.com/singapore/tickets. Do follow Madame Tussauds Singapore social media for updates . Hashtag: #MadameTussauds https://www.madametussauds.com/singaporehttps://x.com/mtssingaporehttps://www.facebook.com/MadameTussaudsSingapore/https://www.instagram.com/mtssingapore The issuer is solely responsible for the content of this announcement. About Madame Tussauds Singapore Located at Imbiah Lookout, Sentosa, Madame Tussauds Singapore opened in October 2014, and features variety of interactive experiences under one roof; from Madame Tussauds Singapore, to Images of Singapore, to “Spirit of Singapore” boat ride – the only Madame Tussauds site to have a boat ride, the Marvel Universe 4D Cinema, and lastly the Ultimate Film Star Experience! Featuring 12 incredible zones from glamourous Hollywood actors to your favorite K-pop stars, artists, musicians and sports heroes, the incredible Madame Tussauds Singapore houses over 75 wax figures. The gallery of wonder is so much more than an exciting attraction – where guests will get to experience our immersive and interactive technologies at every corner! Madame Tussauds Singapore welcomes guests from 10am to 7pm daily (final admission at 6pm). For ticket enquiries, please call (65) 6715 4000 or visit www.madametussauds.com/singapore/.

Media OutReach

Gold’s Stellar Growth May Have Reached its Finale, Says VT Markets Latest 2025 Q1 Economic Outlook

HONG KONG SAR – Media OutReach Newswire – 9 January 2025 – Award-winning brokerage VT Markets, a global leader in financial services, has released its 2025 Q1 Economic Outlook. In the report, the broker spotlights the remarkable trajectory of gold in 2024 and its potential market performance in the coming year. The report further delves into key drivers of gold’s price movement; an explainer on why the precious metal is regarded as a safe-haven asset amidst heightened global uncertainty last year. 2024: A Record-Breaking Year for Gold Gold first emerged as a focal point for investors in 2024, reaching unprecedented heights of $2,790 per ounce during the U.S. presidential election period. Unsurprisingly, this all-time high was propelled by market volatility and escalating geopolitical tensions. While gold prices retraced by over $200 following the election, prices stabilised above $2,600 per ounce, closing the year with a noteworthy 27% annual gain. VT Markets highlighted this as a testament to gold’s resilience and its pivotal role in hedging against uncertainty. Key Catalysts for Gold’s Stellar Performance The VT Markets‘ research desk attributes gold’s extraordinary performance to three primary factors: Central Bank De-Dollarisation Gold demand surged as BRICS nations, including China and Russia, advanced de-dollarisation initiatives. Gold reserves within these economies climbed from 4,360 metric tons in 2018 to nearly 5,550 metric tons by 2024. Emerging markets, such as Turkey, Poland, and India, also contributed significantly to central bank gold purchases—a trend forecasted to continue into 2025 with expected demand exceeding 500 tons. Geopolitical Instability Elevating Safe-Haven Demand The irreversible trend of de-globalisation has heightened geopolitical risks, which in turn has further cementing gold’s allure. For one, the re-election of Donald Trump as U.S. President and his unilateral policy approaches are likely to perpetuate uncertainty this year. While short-term peace initiatives, such as potential Russo-Ukrainian negotiations, may temporarily temper gold prices, VT Markets foresees sustained demand due to the prolonged nature of geopolitical conflicts. The Federal Reserve’s Monetary Policy Shift The Federal Reserve’s pivot to rate cuts in September 2024 also sparked renewed interest in gold. Historical trends indicate that gold prices typically peak within two quarters of a rate cut cycle. VT Markets predicts that gold will retain upward momentum through early 2025, though its annual growth may taper as markets absorb the impact of monetary easing. Looking Ahead: Stabilisation Amid Uncertainty While 2024 was undeniably a banner year for gold, VT Markets anticipates a period of consolidation in 2025. The research team projects a high yet steady price trajectory, with reduced volatility compared to the previous year’s highs. Despite this, gold remains a critical asset in diversified investment strategies, particularly in uncertain economic climates. Hashtag: #VTMarkets #CFDs #CFDsbrokers #XAUUSD #xauusdtrader https://www.linkedin.com/company/89310903/admin/feed/posts/https://www.facebook.com/VTMarketsCNhttps://www.instagram.com/vtmarkets/ The issuer is solely responsible for the content of this announcement.

Media OutReach

Gold’s Stellar Growth May Have Reached its Finale, Says VT Markets Latest 2025 Q1 Economic Outlook

HONG KONG SAR – Media OutReach Newswire – 9 January 2025 – Award-winning brokerage VT Markets, a global leader in financial services, has released its 2025 Q1 Economic Outlook. In the report, the broker spotlights the remarkable trajectory of gold in 2024 and its potential market performance in the coming year. The report further delves into key drivers of gold’s price movement; an explainer on why the precious metal is regarded as a safe-haven asset amidst heightened global uncertainty last year. 2024: A Record-Breaking Year for Gold Gold first emerged as a focal point for investors in 2024, reaching unprecedented heights of $2,790 per ounce during the U.S. presidential election period. Unsurprisingly, this all-time high was propelled by market volatility and escalating geopolitical tensions. While gold prices retraced by over $200 following the election, prices stabilised above $2,600 per ounce, closing the year with a noteworthy 27% annual gain. VT Markets highlighted this as a testament to gold’s resilience and its pivotal role in hedging against uncertainty. Key Catalysts for Gold’s Stellar Performance The VT Markets‘ research desk attributes gold’s extraordinary performance to three primary factors: Central Bank De-Dollarisation Gold demand surged as BRICS nations, including China and Russia, advanced de-dollarisation initiatives. Gold reserves within these economies climbed from 4,360 metric tons in 2018 to nearly 5,550 metric tons by 2024. Emerging markets, such as Turkey, Poland, and India, also contributed significantly to central bank gold purchases—a trend forecasted to continue into 2025 with expected demand exceeding 500 tons. Geopolitical Instability Elevating Safe-Haven Demand The irreversible trend of de-globalisation has heightened geopolitical risks, which in turn has further cementing gold’s allure. For one, the re-election of Donald Trump as U.S. President and his unilateral policy approaches are likely to perpetuate uncertainty this year. While short-term peace initiatives, such as potential Russo-Ukrainian negotiations, may temporarily temper gold prices, VT Markets foresees sustained demand due to the prolonged nature of geopolitical conflicts. The Federal Reserve’s Monetary Policy Shift The Federal Reserve’s pivot to rate cuts in September 2024 also sparked renewed interest in gold. Historical trends indicate that gold prices typically peak within two quarters of a rate cut cycle. VT Markets predicts that gold will retain upward momentum through early 2025, though its annual growth may taper as markets absorb the impact of monetary easing. Looking Ahead: Stabilisation Amid Uncertainty While 2024 was undeniably a banner year for gold, VT Markets anticipates a period of consolidation in 2025. The research team projects a high yet steady price trajectory, with reduced volatility compared to the previous year’s highs. Despite this, gold remains a critical asset in diversified investment strategies, particularly in uncertain economic climates. Hashtag: #VTMarkets #CFDs #CFDsbrokers #XAUUSD #xauusdtrader https://www.linkedin.com/company/89310903/admin/feed/posts/https://www.facebook.com/VTMarketsCNhttps://www.instagram.com/vtmarkets/ The issuer is solely responsible for the content of this announcement.

News

Allenie Caccam’s Appointment: Driving Growth for AirAsia Group

KUALA LUMPUR: AirAsia Group has appointed Allenie Caccam as its new head of business growth to bolster its market presence and growth trajectory. With a robust background in marketing leadership, Caccam brings a wealth of experience and strategic insight to her new role. In an exclusive interview with MARKETECH APAC, Caccam discussed her vision, responsibilities, and plans for driving business growth at AirAsia Group. Leveraging marketing leadership experience In her new role, Caccam shared that her team will be responsible for supporting the establishment of business operations and the go-to-market strategy for new markets, targeting specific geographies for AirAsia Group. This involves project management from the initial sale phase through to the inaugural launch, working closely with cross-functional departments such as ground operations, network, route revenue, regulatory, communications, and marketing. Additionally, her team is also tasked with identifying growth opportunities in terms of channel and customer. “We are actively looking into new channels to support underserved markets for AirAsia and interline solutions to increase our reach and feed our Asia and Pacific network, where AirAsia is strong,” she explained. Caccam believes that her extensive experience in marketing at AirAsia Philippines has equipped her with a strategic perspective vital for her new role. “My marketing experience has trained me to strategically look into the different angles of the business and align our strategies with customer insights to determine maximum demand and revenue potential,” she said. She also noted the crucial importance of the ability to commercialise a product in her role, ensuring the service is brought to market comprehensively through market research, distribution, promotion, customer support, and operation. For Caccam, this remains a vital skill in identifying growth opportunities and achieving successful implementation in the highly competitive airline industry. Now, as she leads the go-to-market strategy for new market development, Caccam underscores her clear priorities for AirAsia Group. “AirAsia’s tagline has always been ‘Now Everyone Can Fly’ and our strength has always been our broad network of over 130 destinations. Serving the underserved underpins our operations. Our focus is to not only fly the most popular routes but also bring in more passengers to our network from markets we are not yet serving or even where no other airline is serving, all the while making sure that it helps build the trade, economy, and tourism of both markets, which is a win-win for everyone,” she emphasised. Adapting to the evolving travel landscape  Caccam foresees the evolving landscape of travel and tourism significantly impacting AirAsia’s growth strategy. She believes that travel will continue to be an integral part of people’s lifestyles, and as more channels emerge to offer customised travel experiences, the industry will become increasingly competitive. “AirAsia will continue to harp on our strengths: our service, our network, our customer data built up over 20 years, and our affordable fares. We plan to use these huge assets to serve more underserved routes to connect Asia to the world,” Caccam said. For Caccam, online channels are reaching maturity, particularly in Asian markets where digital is a top priority. Customers are rapidly transitioning to the generation of digital natives, and online media is no longer considered “new.” “It is now a game of great raw content and relatability rather than glossy and hard-selling advertisements. In line with this, AirAsia will continue to produce relatable content through our social media channels and our own internal and external ambassadors and use these avenues to remarket our service,” she added. “AirAsia’s tagline has always been, ‘Now Everyone Can Fly’ and with this role, I will be able to contribute more to making this vision a reality,” Caccam concluded.

News

Tokio Marine Kiln Strengthens APAC Cyber Team with Key Appointment

Tokio Marine Kiln (TMK) has bolstered its Asia-Pacific (APAC) operations with the appointment of Georgina Furness-Smith as cyber underwriter, effective Jan. 2. TMK’s cyber unit in the region, established in August 2023, has recorded steady growth, and this appointment is seen as a strategic step toward sustaining that momentum. TMK’s new cyber underwriter Furness-Smith (pictured) brings more than five years of experience in cyber insurance, having most recently served as senior cyber underwriter at AXIS Capital. During her tenure, she played a central role in developing a cyber property damage portfolio. Based in Singapore, Furness-Smith will focus on driving TMK’s expansion in key APAC markets while contributing to the team’s continued growth. TMK has been increasing its capabilities in Singapore through a series of key hires. Recent additions include Alex Ampatzis as head of marine, APAC, in October, and Stephanie Hong as marine underwriter in September. TMK strengthens market presence Pavlos Spyropoulos, TMK’s regional managing director for Asia Pacific, said the appointment aligns with the company’s efforts to strengthen its market presence. “Since TMK began underwriting cyber from Singapore, the team has gone from strength to strength, and Georgina’s expertise will further enhance TMK’s market leading position in the region,” he said. Commenting on her new role, Furness-Smith said: “TMK’s team in APAC has a strong reputation for growth and innovation. There is significant scope to expand the cyber proposition and portfolio to unlock new growth opportunities, and I am looking forward to joining the team at a key point in its journey.” Cyber insurance growth The global cyber insurance sector is expected to grow from approximately US$14 billion in premiums in 2023 to US$23 billion by 2026, with annual growth rates projected at 15% to 20%, according to S&P Global Ratings. Asia Pacific and Latin America are identified as high-growth regions due to their relatively nascent markets compared to North America and Europe. However, S&P also noted the challenges associated with the fast-evolving cyber threat landscape. Rising claims, driven by factors such as stricter data regulations and increasingly sophisticated cyberattacks, are putting pressure on insurers. Maintaining profitability will require companies to implement rigorous underwriting practices, refine policy language, and adjust pricing and retention strategies to match emerging risks.

Christopher Forbes, Head of Asia at CMC
News

CMC Markets Appoints New Head of Asia, Strengthens APAC Team

CMC Markets (LON: CMCX) kicked off 2025 with several key executive appointments at its Singapore hub, most of which were finalized last year. Christopher Forbes has been promoted to Head of Asia, overseeing CMC Markets, CMC Invest, and CMC Connect. Forbes took on his new role on September 1, 2024, after leading CMC Invest in Singapore. “Christopher’s proven ability to grow businesses while enhancing client experience is invaluable,” said Lord Peter Cruddas, Founder and CEO of CMC Markets. In addition to Forbes, Melissa Lwee-Ramsay has been promoted to Head of Marketing for Asia, and Daphne Tan to Business Development Director. Lwee-Ramsay joined CMC in 2022, while Tan has been with the firm since 2019. To strengthen its Singapore operations, CMC has appointed Lee Jia Yi as Head of Distribution, Annie Lai as a Sales Trader, and Ravinder Kaur as Institutional Business Development Manager. Lee returns to CMC after a stint at Axi, while Lai and Kaur bring extensive experience from various financial institutions.

Media OutReach

GJEPC And De Beers Group Forge Strategic Collaboration to Promote Natural Diamonds

As India becomes the world’s fastest growing major diamond jewellery market, industry leaders De Beers Group and GJEPC will collaborate to support the gem and jewellery trade with education and promotional assets to support the natural diamond narrative MUMBAI, INDIA – Media OutReach Newswire – 9 January 2025 – De Beers Group, the world’s leading diamond company, and the Gem & Jewellery Export Promotion Council (GJEPC), India’s apex jewellery trade body, today announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade. The collaboration titled, INDRA – Indian Natural Diamond Retailer Alliance, will focus on supporting independent retailers in India with tools that go beyond the conventional. For example, leveraging Artificial Intelligence to create customized retailer campaigns. From multi-lingual marketing assets to immersive storytelling and superior customer experiences, as well as in-depth natural diamond jewellery training in local languages, it will support India’s jewellery retailers with the tools they need to make sure that natural diamonds resonate deeply with every consumer who walks through their doors. Interactive roadshows regarding the collaboration will commence in January 2025, at which GJEPC members will be able to enrol in the programme. Vipul Shah, Chairman, GJEPC, said, “The Indian gem and jewellery market, currently valued at USD 85 billion, is poised for rapid growth, projected to reach USD 130 billion by 2030. Indra is designed to harness this momentum by tapping into India’s dynamic young population, the rise of organised players, and increasing demand across bridal, everyday wear, fashion, and entry-level jewellery. This initiative reflects a shared vision to educate stakeholders, empower retailers, and boost consumer demand, all while highlighting the timeless value of natural diamonds.” Sandrine Conseiller, CEO of De Beers Brands, said: “India’s diamond growth story is quite remarkable, and it has now become the second largest market in the world for retail sales of diamond jewellery. However, with its vibrant economy, growing young population and large number of leading diamond businesses, India still holds a wealth of untapped potential. Presently in the Indian jewellery retail sector, the penetration of natural diamonds stands at only around 10% which is well below the rate seen in mature jewellery markets such as the US. Through this new collaboration with the GJEPC we will help unlock this growing opportunity for increased consumer demand for all types of natural diamond jewellery, including bridal, everyday wear and entry level pieces.” Retailers will be able to register for the programme on www.INDRAonline.in and will benefit from multi-lingual staff training modules focused on generic natural diamond product knowledge as well as access to a market intelligence portal. The programme will also provide customisable marketing assets and content for retailers to promote natural diamonds at a store level as they seek to enhance their returns and expand their customer base. With 10,500+ members, GJEPC is the apex body driving India’s gem and jewellery sector. Through its three large scale IIJS Shows, as well as multiple roadshows and direct outreach activities, GJEPC has the potential to reach a broad range of the businesses comprising the Indian gem and jewellery industry. Through this collaboration, the two partners will capitalise on GJEPC’s deep understanding of the Indian market built up over five decades, combined with De Beers Group’s expertise in the diamond category. The new collaboration follows the GJEPC’s adoption of the updated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (US). The FTC’s updated guidelines provide distinct terminology standards, supporting clarity and transparency both for industry stakeholders and consumers. Hashtag: #DeBeersGroup The issuer is solely responsible for the content of this announcement. About De Beers Group Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to ‘Building Forever,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit www.debeersgroup.com. About The Gem and Jewellery Export Promotion Council (GJEPC) The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 10,500+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.

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