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HONG KONG, May 21, 2025 /PRNewswire/ -- On May 20, Yili Group held a product launch in Hong Kong to mark the entry of its infant formula brand, Pro-Kido, into the local market. Data shows Yili remains China's top-selling milk powder brand, with Pro-Kido leading its infant formula portfolio. Now, the company is accelerating global expansion, signaling a new phase in the internationalization of China's dairy industry. The launch event of Pro-Kido in Hong Kong At the event, Yili announced a strategic partnership with Mannings, Hong Kong's largest health and beauty retailer. The partnership is part of Yili's efforts to strengthen its presence and outreach in the local market. Zhang Yipeng, Vice President of Yili Group, remarked that "Yili sees Hong Kong as an international gateway and looks forward to working with global partners to seize emerging opportunities and deliver high-quality, nutritious, and delicious products to consumers worldwide." Breast milk research breakthroughs Dr. Ignatius Szeto, Assistant President of Yili Group and Head of Yili Global Maternal and Infant Nutrition Research Center, presented the company's "Four-in-One" comprehensive nutrition strategy and latest findings from its HMOs+ innovation ecosystem. A white paper titled Key Achievements in Breast Milk Research, co-developed with academic experts, was also released. It outlines 13 notable findings, including the first accurate profiling of the amino acid composition of Chinese breast milk and the discovery of the link between HMOs and infant gut microbiota. Dr. Ignatius Szeto speaking at the launch event Professor Paul Moughan, Fellow of the Royal Society of Chemistry New Zealand, said: "My team has worked closely with Yili over the past decade. I have been greatly impressed by the company's thoroughness and strict adherence to science." He acknowledged that Yili's investment in nutrition and health has contributed to the global research landscape in maternal and infant health. Joint global efforts for quality Pro-Kido's new product Aronurish Infant Formula is manufactured at Yili's Modern Intelligence Health Valley in Hohhot, Inner Mongolia. According to Yili, this state-of-the-art facility integrates equipment and technologies from over ten countries, leading the industry in scale, innovation and digital intelligence. Yili has built a global supply network with over 2,000 partners, setting benchmarks for quality standards. Barry Cole, Global Director of Application Management for Nutritional Formula at GEA Group, said the two companies have worked together for 25 years to build factories that serve as industry benchmarks, and their partnership has always focused on ensuring product quality through the highest technological standards. Aronurish Infant Formula has undergone over 300 quality and safety tests, with all results meeting international standards, said Wu Zhijun, President of Eurofins Scientific Group (China). Ongoing expansion into global markets Leveraging its sound international industrial network, Yili continues to deliver healthy products and solutions to all consumers. As part of the new partnership, Pro-Kido's Aronurish Infant Formula will be stocked across Mannings outlets in Hong Kong. Margaret Lau, Head of Baby Care, Confectionery and GMS at Mannings HK, noted that Pro-Kido is the first Chinese-manufactured infant formula brand to enter Mannings, and expressed Mannings' willingness to provide a wider range of quality health solutions. As Asia's leading dairy brand, Yili has been accelerating its global reach and business upscaling, transitioning from a follower to a global front-runner. The company recorded RMB 115.78 billion in total revenue in FY2024. This includes RMB 29.675 billion from milk powder and related dairy products, which registered a 7.53% increase year-on-year. While maintaining its leading position in terms of domestic sales of milk powder products, the company also reported a 68% growth in overseas sales of infant formulas. Photo - https://mma.prnasia.com/media2/2692835/1.jpg?p=medium600Photo - https://mma.prnasia.com/media2/2692838/2.jpg?p=medium600
BANGKOK, May 21, 2025 /PRNewswire/ -- Thailand Convention and Exhibition Bureau (TCEB) makes a presence at IMEX Frankfurt 2025 with a debut of an initiative "Meet in Thailand: Your Success, Your Moment", offering 3M elements to generate higher value for events. TCEB Unveils “3M” for Business Events at IMEX Frankfurt 2025 The debut is made during TCEB press conference on May 20, led by Mr. Puripan Bunnag, TCEB Senior Vice President. Mr. Puripan stated: "TCEB is always dedicated to making offerings that meet shifting demands of business world, so that holding events in Thailand can deliver higher value, better return on investment and greater return on experiences. After working in partnership with our stakeholders to overcome economic challenges, we have finally crafted "Meet in Thailand, Your Success, Your Moment" entailing 3M elements - MaxiMICE, Meaningful, Memorable – to offer upgraded resources and new ingredients in Thailand that will give a definition of events in a new light". MaxiIMICE – This idea is to invite clients to explore and maximise new development of products and services or enhanced and upgraded offerings in Thailand. They range from enhanced accessibility due to increased flights, more capable and potential city destinations, new investment in properties, growth of unconventional venues, larger pool of qualified MICE manpower and standard-certified enterprises, richer options of localised experiences to stronger government support. Meaningful – This idea is partly derived from TCEB's policy to advance the performance of MICE industry under the framework of Environmental, Social and Governance (ESG). It offers clients possibilities of making more purposeful events with measurable impacts. Spotlighting on sustainability, Thailand has developed low carbon MICE routes, MICE suppliers certified with sustainable event management, professional bodies in designing, auditing and verifying sustainable performance of events. Furthermore, there are choices of activities designed to involve and benefit local communities in every MICE City and other potential destinations across the country. Memorable - With strong hospitability, adaptability and wealthy cultural assets, Thailand is always in fit state to deliver return on experiences. Thanks to extensive network of stakeholders in the creative sector, event designers, local communities keen in the MICE industry and tech entrepreneurs, Thailand can help clients craft the events with unique cultural immersion and fusion, finely blended business and leisure, tech-driven execution, contribution to local communities, plus a sense of human touch that will make enduring memory. Apart from 3M initiative, TCEB also presented major updates on Thailand's MICE landscape comprising: 15 events from associations and corporations in Europe and the UK landing in Thailand, all 8 major convention and exhibition centers in Bangkok and its suburb being connected directly with BTS Sky Train and MRT Underground Train in May this year, Air France starting direct flights between Paris and Phuket in November 2025 and TCEB support schemes for business events and festivals. Mr. Puripan added that next year in 2026 will be MICE Celebration Year to resonate with Thailand being selected to host a series of important events. Some key ones are International Horticultural Exposition 2026 (Udon Thani Expo), World Congress on Pain, Annual Meeting of the World Bank Group and International Monetary Fund, Global Sustainable Tourism Conference, UFI Asia Pacific Congress. Such large-scale events are a strong indicator of international confidence in Thailand's readiness and potential to make events a success. For more information, contact TCEB at: pr@tceb.or.th Thailand MICE – Meet the Magic About TCEB A LEADING AGENCY AT THE FOREFRONT OF THAILAND'S MICE INDUSTRY Established in 2004, Thailand Convention & Exhibition Bureau (Public Organization) or TCEB – the government agency under the supervision of the Prime Minister – has been assigned a role to promote, support and develop business events industry – corporate meetings, incentive trips, conventions, exhibitions, mega events and world festivals. Serving as a strategic partner, TCEB helps deliver creative ideas and solutions to bring success and fulfill the requirements of business events. The overarching goal is to drive Thailand to become a global MICE and mega events destination that can drive the country's strategic industries and national economy.
KUALA LUMPUR, Malaysia, May 21, 2025 /PRNewswire/ -- Digital travel platform Agoda celebrates its 20th birthday this week, marking two decades of helping travelers see the world for less. To mark the occasion, Agoda is running a sales campaign with global discounts of up to 70% on May 21st. Founded in 2005 with its headquarters in Singapore, Agoda has grown into a global travel marketplace and a prominent tech employer in APAC. Over the years, Agoda has expanded its offerings from hotels in Southeast Asia to a global digital platform with over 5 million hotels and holiday properties, more than 130,000 flight routes, and over 360,000 activities and experiences. Over the last twenty years, Agoda developed a search experience that helps travelers find and book their dream trip on Agoda with ease and at the best available rates. To create this experience: Agoda records over 2 billion user interactions daily. These can be anything from a click or a scroll to selecting a filter option to find the perfect stay. Agoda handles 1 trillion price checks per day to find the best possible deals in accommodation, flights, and activities for its customers. Agoda runs over a thousand experiments daily to improve the user experience. The Agoda platform processes 12 petabytes (PB) of data each month – that's 12,000,000,000,000,000 bytes of storage per year. The Agoda mobile app has been downloaded more than 87 million times – making it the most downloaded OTA app in APAC outside of China according to Data.AI. Agoda CEO Omri Morgenshtern shared: "As we celebrate Agoda's 20th Birthday, we can proudly say that Agoda has truly become one of Asia Pacific's preferred travel marketplaces. Agoda's success comes from building a true tech company at scale. A piece of Silicon Valley in APAC. It's a story of relentless focus on pricing and a deep understanding of Asian cultures." Agoda's focus on innovation will continue to play a pivotal role in the company's future success, believes Morgenshtern. "There is growing demand among customers for more personalized experiences when booking travel. Understanding which properties and flights are perfect for which travelers is what we do well at Agoda, and innovative technologies like gen AI allow us to evolve our travel booking experience even further. We're in great shape to continue bridging the world through travel for the next 20 years." Building on its commitment to localization, Agoda's deep ties to the markets it serves extend beyond technology and travel. Through initiatives like the Eco Deals campaign, which has raised over USD 1.3 million for the World Wide Fund for Nature, technology workshops for students in Thailand to develop workplace skills, and over 17,000 volunteer hours contributed by Agodans to charitable causes globally, the company continues to give back, particularly in the APAC region, while fostering meaningful connections worldwide. The Birthday sale, with discounts of up to 70% on 21 May can be found on Agoda.com and in the Agoda mobile app.
NEW YORK, May 21, 2025 /PRNewswire/ -- Wafra Inc. ("Wafra"), a leading global alternative investment firm headquartered in New York, announced today that its Global Sukuk Team has been named Best Islamic Fund Manager1 at the 2025 Euromoney Islamic Finance Awards. This marks the second consecutive year the team has received this distinction and highlights Wafra's focus on delivering differentiated strategies and performance for clients. Co-managed by Ron Solenske and Elias Scheker Da Silva, who have over 40 years of combined fixed income experience, the Global Sukuk Strategy is part of Wafra's Portfolio Solutions platform, which addresses the complex and evolving needs of global institutional partners. Wafra's Global Sukuk Strategy is built on a disciplined, research-driven investment approach that aims to deliver consistent, risk-adjusted returns while outperforming industry benchmarks. "We're thrilled to receive this recognition for the second year running — it affirms our commitment to delivering innovative solutions for our institutional partners, some of whom require Shariah-compliant investment exposure," said Mr. Solenske. Mr. Da Silva added, "It's an honor to once again be named Best Islamic Fund Manager. This award reflects the strength of our disciplined investment approach which becomes even more important during periods of market volatility." The Euromoney Islamic Finance Awards recognize institutions that have demonstrated exceptional performance across key categories over the past 12 months. Winners are selected by a panel of Euromoney journalists and researchers following a thorough process of analysis and interviews, and were revealed at the Euromoney Middle East Awards for Excellence ceremony, held in Dubai on May 20, 2025. About WafraWafra is a leading global alternative investment manager with approximately $28 billion of assets under management across a range of alternative assets, including real assets, real estate, and strategic partnerships. Through flexible and accretive capital solutions and focusing on long-term partnerships, Wafra aligns and partners with high-quality asset owners, companies, and management teams. Headquartered in New York, Wafra has additional offices in London and Bermuda. For more information please visit, https://www.wafra.com/. Media Contacts Diana Estupinan Managing Director and Head of MENA, Prosek Partnersdestupinan@prosek.com+971 58 534 3668 1The accolade noted herein is independently determined and awarded by Euromoney and represents the opinions of the publisher and not those of Wafra. There can be no assurance that other publishers or market participants would reach the same conclusion. The Euromoney Islamic finance awards are judged by a panel made up of Euromoney's journalists and research team. Award decisions are based on an evaluation of criteria including, but not limited to new or enhanced products and services, highlighted deals, digital solutions and technology, environmental social and governance, financial performance, business development and transformation. Additional information can be found on the Euromoney website at https://www.euromoney.com/islamic-finance-awards-home. Wafra is a sponsor of Euromoney's Islamic Finance Awards 2025.
NEW YORK, May 21, 2025 /PRNewswire/ -- Wafra Inc. ("Wafra"), a leading global alternative investment firm headquartered in New York, announced today that its Global Sukuk Team has been named Best Islamic Fund Manager1 at the 2025 Euromoney Islamic Finance Awards. This marks the second consecutive year the team has received this distinction and highlights Wafra's focus on delivering differentiated strategies and performance for clients. Co-managed by Ron Solenske and Elias Scheker Da Silva, who have over 40 years of combined fixed income experience, the Global Sukuk Strategy is part of Wafra's Portfolio Solutions platform, which addresses the complex and evolving needs of global institutional partners. Wafra's Global Sukuk Strategy is built on a disciplined, research-driven investment approach that aims to deliver consistent, risk-adjusted returns while outperforming industry benchmarks. "We're thrilled to receive this recognition for the second year running — it affirms our commitment to delivering innovative solutions for our institutional partners, some of whom require Shariah-compliant investment exposure," said Mr. Solenske. Mr. Da Silva added, "It's an honor to once again be named Best Islamic Fund Manager. This award reflects the strength of our disciplined investment approach which becomes even more important during periods of market volatility." The Euromoney Islamic Finance Awards recognize institutions that have demonstrated exceptional performance across key categories over the past 12 months. Winners are selected by a panel of Euromoney journalists and researchers following a thorough process of analysis and interviews, and were revealed at the Euromoney Middle East Awards for Excellence ceremony, held in Dubai on May 20, 2025. About WafraWafra is a leading global alternative investment manager with approximately $28 billion of assets under management across a range of alternative assets, including real assets, real estate, and strategic partnerships. Through flexible and accretive capital solutions and focusing on long-term partnerships, Wafra aligns and partners with high-quality asset owners, companies, and management teams. Headquartered in New York, Wafra has additional offices in London and Bermuda. For more information please visit, https://www.wafra.com/. Media Contacts Diana EstupinanManaging Director and Head of MENA, Prosek Partnersdestupinan@prosek.com +971 58 534 3668 1The accolade noted herein is independently determined and awarded by Euromoney and represents the opinions of the publisher and not those of Wafra. There can be no assurance that other publishers or market participants would reach the same conclusion. The Euromoney Islamic finance awards are judged by a panel made up of Euromoney's journalists and research team. Award decisions are based on an evaluation of criteria including, but not limited to new or enhanced products and services, highlighted deals, digital solutions and technology, environmental social and governance, financial performance, business development and transformation. Additional information can be found on the Euromoney website at https://www.euromoney.com/islamic-finance-awards-home. Wafra is a sponsor of Euromoney's Islamic Finance Awards 2025. Logo - https://mma.prnasia.com/media2/2453848/Wafra_Logo.jpg?p=medium600
HOHHOT, CHINA - Media OutReach Newswire - 21 May 2025 - As China's largest land port, Manzhouli is expanding beyond its traditional role as a "transit station." By promoting local processing of grain, oil and timber, the city is steadily evolving into a regional industrial hub. An aerial drone photo shows trains for China-Europe freight service at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region At Manzhouli Xinfeng Grain and Oil Industry Co., Ltd., freshly imported rapeseed from Russia is processed on intelligent production lines. From dehulling to pressing, the procedures run smoothly, as golden rapeseed oil gently streams into storage tanks. "As soon as the raw materials clear customs, we go straight into production, operating around the clock," said Yang Zhihong, deputy general manager of the company. He noted that Russian rapeseed oil, prized for its low acid value and high smoke point, is particularly popular among domestic downstream enterprises. This "Russian supply, Chinese processing" model is fueling a growing shift among local businesses, pushing them beyond mere trade toward more advanced, value-added processing. Yang crunched the numbers. "By importing raw materials through 'border trade', a special policy that allows residents in border areas to conduct small-scale cross-border trade under simplified customs procedures, we save an average of 500 yuan (about 69.5 U.S. dollars) per tonne. Since last year, that's added up to savings of over 8 million yuan," he explained. This model cuts traditional trade taxes and fees from around 18 percent to less than 4 percent of total costs. It enables enterprises to source raw materials at lower prices, while border residents earn income from the price difference, creating a win-win supply chain involving border residents, cooperatives and enterprises. As of April 2025, "border trade" in Manzhouli has surpassed 100 million yuan this year, with more than 3,600 border residents taking part, generating nearly 2 million yuan in tax revenue to the city. The roaring development of Manzhouli's timber processing industry goes hand in hand with the grain and oil sector. Since establishing an imported timber processing base in 2003, Manzhouli has continuously focused on deep and fine processing, showcasing the strong potential of its timber manufacturing industry. Located in the Inner Mongolia Manzhouli border economic cooperation zone, the import-export resource processing industrial park processes up to 5.6 million cubic meters of timber annually. It has developed a diverse product lineup, including solid wood furniture, doors and windows, wood pellets, and solid wood flooring. An aerial drone photo shows containers being loaded at Manzhouli Railway Port in north China's Inner Mongolia Autonomous Region In 2023, the city's timber import reached 1.88 million cubic meters, demonstrating the strong momentum of the industry's growth. Meanwhile, Manzhouli has planned the development of a 2.74-square-kilometer chemical industry cluster within the import-export resource processing industrial park. This cluster will primarily rely on the import of large quantities of liquefied petroleum gas, methanol, and alkanes from Russia to drive integrated new energy chemical utilization and related projects. The cluster will provide high-end, premium chemical intermediates for domestic advanced polymer materials and engineering plastics, injecting new momentum into the city's economic development. Bai Zhiping, an official from the Manzhouli municipal commerce bureau, said that Manzhouli's transformation from a "transit station" to an "industrial hub" reflects the development of the port-based processing model. An increasing number of enterprises are moving beyond the traditional "transit economy" and are leveraging the advantages of the border to create a new industrial ecosystem focused on deep processing. In the first quarter of this year, Manzhouli's import and export freight volume reached 6.53 million tonnes, a year-on-year increase of 10.6 percent. The value of imports and exports handled by the Manzhouli port reached 47.67 billion yuan, up 6.1 percent year on year. Hashtag: #ManzhouliThe issuer is solely responsible for the content of this announcement.
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