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With Cost-Effective Sea-Air and Road-Air Solutions HONG KONG SAR - Media OutReach Newswire - 24 January 2024 - Kerry Logistics Network Limited (‘Kerry Logistics Network’, ‘KLN’; Stock Code 0636.HK) spotlights its innovative freight solutions connecting Asia and Europe as alternative services for customers to reduce lead times and costs, significantly enhancing the efficiency of global trade. KLN's sea-air and road-air freight services across Eurasia have recently garnered increased interest, demonstrating the company's agility in meeting evolving customer needs and market demands. Vic Cheung, Group Managing Director of Kerry Logistics Network, said, “In these challenging times for sea shipments between Asia and Europe, it is rewarding to offer our clients alternative and efficient solutions. Our sea-air and road-air services showcase our comprehensive Eurasian land freight capabilities and global connectivity. As a reliable logistics partner, we are committed to timely deliveries and cost efficiency.” The sea-air freight solution transports shipments from Chinese seaports to European airports within 16-21 days. This service is approximately 40% cheaper than conventional air freight and up to 40% faster than sea freight. Cargoes are transported by sea freight to Dubai followed by air transport to Europe, with operations centred at the Kerry Logistics Jebel Ali bonded facility in Dubai, ensuring maximum security and reliability. KLN’s road-air, all-road, and road-rail services span from China through Central Asia to Europe, capitalising on its strong Eurasian land freight network and its regional hubs along the Silk Road trade corridor. Road-air shipments are completed in 15-20 days, all-road in 20-25 days, and road-rail within 25-30 days, which is significantly faster than current sea freight times for similar routes. In addition to speed and cost-effectiveness, these solutions provide total visibility and CO2 emissions reporting, catering to shipments from various Asian origins to multiple European destinations. With these innovative solutions, KLN continues to redefine logistics efficiency, ensuring that businesses thrive in the fast-paced global marketplace. Hashtag: #KerryLogisticsNetworkThe issuer is solely responsible for the content of this announcement.Kerry Logistics Network Limited Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment. With a global presence across 59 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations. Kerry Logistics Network generated a revenue of over HK$86.6 billion in 2022. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index.
SINGAPORE, Jan. 24, 2024 /PRNewswire/ -- OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced that it has led a strategic investment in Orbiter Finance, a decentralized cross-Layer 2 (L2) protocol. Currently, Orbiter Finance is undergoing transformative product enhancements and is developing a zero knowledge (ZK) technology-based, omni-chain rollup on Ethereum. Orbiter Finance is set to redefine its vision, transcending its initial role as a mere asset cross-rollup bridge. Over the last two years, Orbiter Finance has successfully processed over 12 million transactions, amassing a total of over US$7.8 billion in total transaction volume. The protocol boasts a robust user base exceeding three million and a thriving community of more than 700,000 users and fans. In 2024, Orbiter Finance is poised to bring significant changes to the blockchain space as a ZK-tech-based, instant omni-chain rollup on Ethereum. The protocol has integrated ZK Simplified Payment Verification (SPV) to authenticate L2 transactions on the mainnet and to arbitrate fraudulent re-layers via EVM. This establishes an efficient, low-cost and quick communication mechanism for Ethereum. Thanks to the fund security ensured by ZK-SPV, Orbiter Finance can now extend complete access to the 'Maker' role, marking the final step in achieving the ultimate goal in blockchain infrastructure: decentralization. OKX Ventures Founder Dora Yue said: "We're thrilled to lead the strategic investment in Orbiter Finance, an L2 cross-chain bridge rooted in ZK technology. The protocol addresses traditional bridges' limitations, such as speed, and enhances the efficiency of cross-chaining between various L2s and the ETH mainnet. Orbiter Finance currently supports over 19 L2 rollups and a multitude of native Ethereum assets. Orbiter Finance is an essential infrastructure for the L2 ecosystem. The team's continuous product upgrades and relentless efforts towards ensuring more decentralized and trustless support for the growth of the L2 ecosystem in 2024 are commendable." To learn more about Orbiter Finance, click here. For further information, please contact:Media@okx.com About OKX Ventures OKX Ventures is the investment arm of global leading crypto exchange and Web3 technology company OKX, with an initial capital commitment of USD100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value. Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects. Find out more about OKX Ventures here. Disclaimer
DUBAI, UNITED ARAB EMIRATES - Media OutReach Newswire - 24 January 2024 - XTransfer, World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, made its debut in the UAE during the "Light+ Intelligent Building Middle East 2024" exhibition held in Dubai. The event showcased advanced smart lighting products and technologies from over 350 innovative lighting companies worldwide, marking an impressive 88% increase in participating companies compared to the previous year. XTransfer’s representatives in Dubai. The UAE has become China's largest export market and second-largest trading partner among Arab countries. In 2023, China exported goods worth RMB 39.2 billion to the UAE, a 10.3% year-on-year increase. This growing partnership is fueled by complementary industrial structures and thriving trade exchanges, particularly among SMEs. XTransfer's data reveals a noteworthy 15.2% year-on-year increase in money collected by Chinese SMEs from the UAE in 2023. XTransfer, focusing on B2B foreign trade financial services for six years, has served over 400,000 foreign trade enterprises and is now China's No.1 B2B foreign trade payment platform. This year, XTransfer launched its internationalisation service, attracting trading enterprises worldwide. By utilising XTransfer accounts for both buyers and sellers, secure, compliant, and 24/7 payment settlement can be achieved, saving up to 95% of remittance fees and 20% of currency conversion costs. XTransfer's comprehensive solution addresses collection challenges for sellers while meeting the needs of global buyers, ensuring a seamless flow of trade funds. During the exhibition, XTransfer showcased its secure, compliant, and convenient cross-border payment services, gaining attention and recognition from UAE and Middle Eastern enterprises. XTransfer aims to expand its presence in the Middle East market by facilitating trade not only between Middle Eastern and Chinese enterprises but also by improving trade convenience for Middle Eastern and global enterprises. Last November, H.E. Hussain Al Hammadi, the Ambassador of the UAE and H.E. Muhannad Alnaqbi, the Consul General of the UAE, visited XTransfer headquarters in Shanghai, China. During their visit, they expressed their appreciation for XTransfer's innovative business model and remarkable achievements. Their endorsement further solidified our confidence in pursuing growth opportunities in the Middle East market. According to Bill Deng, Founder and CEO of XTransfer, tens of thousands of overseas enterprises are currently inquiring about and signing up for the service. In the future, global buyers and sellers will jointly benefit from the ultimate convenience provided by the XTransfer platform. Hashtag: #XTransfer #Dubai #MiddleEast #UAE #crossborder #payment #B2B #SMEshttps://www.xtransfer.comhttps://www.linkedin.com/company/18215108/The issuer is solely responsible for the content of this announcement.
BANGKOK, THAILAND - Media OutReach Newswire - 24 January 2024 - ONYX Hospitality Group, the prominent management company in Southeast Asia specialising in hotels & resorts, serviced apartments and luxury residences, has achieved a significant milestone with the launch of Shama Suasana Johor Bahru in Malaysia, marking the opening of the first Shama property in the country. From Left to Right: Mr. Tun Musa Hitam, Chairman Emeritus of UMLand Bhd., Mr. Dennis Ng Yew Khim, Group Managing Director of UMLand Bhd., Mr. Yuthachai Charanachitta, CEO of ONYX Hospitality Group, Mr. Harold Olaya Leon, SVP. Head of Operations of ONYX Hospitality Group This achievement is highly significant as it makes Malaysia the first country, outside of Thailand, to host all three ONYX brands: Amari, OZO, and Shama, reaffirming ONYX's commitment to expanding its presence in Southeast Asia. The signing ceremony took place on 18th January 2024 at Amari Kuala Lumpur in Malaysia, with Dennis Ng Yew Khim, Group Managing Director, United Malayan Land Bhd, and Mr. Yuthachai Charanachitta, CEO of ONYX Hospitality Group. United Malayan Land (UMLand) is one of Malaysia's premier property and township development companies. Shama Suasana Johor Bahru marks the second opening in partnership between ONYX Hospitality Group and UMLand, following the five-star Amari Johor Bahru in 2017. The Shama brand is renowned for its commitment to providing contemporary, stylish, and spacious serviced apartments, where vibrant community thrives in a cosy homely haven. At each Shama property, a true sanctuary of belonging is created - strangers become family, greeted with open arms and a sense of home. Scheduled to open in Q1, 2024, Shama Suasana Johor Bahru offers a modern living experience in the heart of the city, seamlessly combining the warmth and coziness of home with luxury facilities and services. Nestled next to the Zenith Lifestyle Centre, Johor Bahru's premier entertainment hub, and within walking distance to malls, department stores, and Johor Bahru's Heritage Trail, Shama Suasana Johor Bahru promises an unforgettable stay for both leisure and business travellers. Conveniently located just a short drive from Singapore, it provides easy access via the Rapid Transport System, and the CIQ (a customs, immigration and quarantine checkpoint for cars, buses, and the JB Sentral train station) is within walking distance, making travel effortless. The elegantly appointed suites at Shama Suasana Johor Bahru are comfortable and luxurious. Featuring spacious living rooms and separate bedrooms, the latest modern comforts and features, and fully equipped kitchenettes, guests can be certain to have an enchanting and unforgettable stay complete with all the comforts of home. The Shama foundation is built on community, fostering heartwarming connections. Whether a brief visit or settling in for an extended stay, everyone is embraced as part of the Shama family. Spaces are thoughtfully curated to encourage residents and neighbours to relax and connect, inviting them to uncover hidden charms of the neighbourhood with the freedom to explore. Shama embodies tranquillity, echoed in the brand's rippling logo representing lively local cultures and daily experiences. The expansion of the Shama brand into Malaysia forms part of ONYX Hospitality Group's strategy to drive significant expansion in the hotel, resort, and serviced apartment business in Southeast Asia. As it seeks to achieve the overall vision of establishing itself as "The Best Medium-sized Hospitality Management Company in Southeast Asia", the company is on track to operate over 50 properties by 2025, up from 44 at present, and an even more ambitious target of 70 by 2028. Further planned expansion in the pipeline: OZO Medini (Q2 2024) and Shama Medini (Q1 2025). These properties will again see ONYX partner with UMLand Bhd. For more information about ONYX Hospitality Group, please visit www.onyx-hospitality.com. Follow us on Twitter: https://twitter.com/ONYXHospitality Follow us on Instagram: https://www.instagram.com/onyxhospitalitygroup/ Follow us on LinkedIn: https://www.linkedin.com/company/onyx-hospitality-group/ Hashtag: #onyx #shamasuasana #johorbahruThe issuer is solely responsible for the content of this announcement.ONYX Hospitality GroupONYX Hospitality Group is a well-established and leading hotel management company with a strong presence and reputation in the global travel market. With more than five decades of experience, ONYX Hospitality Group prides itself on its ability to bridge the best of Asian hospitality practices with global business precision - with the brand promise 'A Tailored Approach to Hospitality'. ONYX Hospitality Group's commitment to delivering exceptional guest experiences and providing top-notch services is at the heart of its operations. At the core of ONYX's business model is a dedication to offering outstanding customer service, a commitment to sustainability and responsible tourism, and a focus on adapting to the ever-evolving dynamics of the global travel industry.
PANAMA CITY, Jan. 24, 2024 /PRNewswire/ -- Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest report also demonstrates an increase of $1.1 billion in value since the previous report this past November and marks the fourth year Gate.io has produced user-verifiable PoR. Gate.io's newest report covers more than 171 digital assets, the most of any exchange. An additional 59 assets have been included since the previous report, 26 of which are BRC-20 tokens, including SATS, ORDI, MUBI, TRAC, NALS, PIZA (PIZABRC), PEPE (PEPEBRC), and others. Each of the 171 assets is reported to have a reserve ratio of ≥100%. Additional key data from the report includes: Total Reserve Value: 4,363,990,957 USD Extra Reserves: 584,704,086 USD Total Reserve Ratio: 115.47% BTC: 127.33% ETH: 120.54% USDT: 101.30% USDC: 129.34% Dr. Lin Han, Founder and CEO of Gate.io, said: "Transparency matters for individuals and industry integrity. It ensures users can safely and confidently participate in the market and promotes best practices among exchanges. We will continually respond to input from users, external experts, and peers to ensure security, privacy, and transparency in our reserves reporting." Gate.io's PoR Method Praised by AuditorLate last year, Gate.io introduced significant zero-knowledge verifiability and privacy upgrades to its PoR, expanded the list of reflected assets, and committed to more regular reporting. A January audit by the renowned blockchain security firm Hacken praised the new method as "a testament to a strong foundation in cryptographic implementation," finding that it contributes "significantly to the field." Gate.io has been conducting PoR since 2020 when it became one of the first to produce third-party audited, use-verifiable PoR with a Merkle tree approach. This was repeated in 2022 before FTX's collapse, when Gate.io encouraged others to follow, releasing its method as open source. The November 2023 report utilized the previously mentioned upgrades, making Gate.io's PoR the most extensive of any exchange. Gate.io's January 2024 reserves report data is available on its PoR portal, where users can independently verify whether their account and deposits were reflected and view other detailed information. About Gate.io:Established in 2013, Gate.io is one of the world's earliest cryptocurrency exchanges and a leader among compliant and secure digital asset platforms, offering diverse trading services with 100% user-verifiable Proof of Reserves. Further, the platform has consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko. Besides its primary exchange services, Gate.io has diversified its ecosystem to offer decentralized finance, research and analytics, venture capital investing, wallet services, startup incubation, and more. The platform currently serves more than 13 million active users worldwide.
The shopping centre embarks on a new decade with its community with 'Long Ma Jing Shen' positive energy and exciting festive offerings KUALA LUMPUR, Malaysia, Jan. 24, 2024 /PRNewswire/ -- This Lunar New Year, IPC Shopping Centre is proud to unveils its 'Loong Ma-Jestic' Garden. From now until 25th February, visitors can enjoy continuous blessings and abundance through workshops, giveaways, rewards, performances, and family-friendly activities set up by the shopping centre. IPC Shopping Centre welcomes visitors to walk through the 20versary grand archway into the ‘Loong Ma-jestic Garden’. In honour of the centre's 20th anniversary celebration, visitors will be welcomed with a grand archway adorned with lantern-lit walkway surrounded by cherry blossoms as they venture into the 'Loong Ma-Jestic' Garden at the concourse area on Level G. This vibrant and bold display not only embodies the festival's promise of prosperous returns but celebrates the shopping centre's legacy, serving as a heartfelt tribute to the celebration of a season of renewal and life. Within the garden, visitors are also invited to walk through the Bridge of Prosperity together with their loved ones and journey towards a year filled with renewal and abundance. They can also make their personal wishes for good luck, prosperity, and success for the coming year on the Red Wisdom Wishing Tree nestled at the heart of the set-up. Families can also create memories together at the play area and watch their creativity come to life through the giant LED projection when they design or colour their unique Små Buddies mascots. Ms Karyn Lim, General Manager of IPC Shopping Centre said, "As we move forward into a new decade of serving our community, we hope to continue being a space that encapsulates the essence of the Chinese idiom, 'Long Ma Jing Shen'（龍馬精神）, radiating positive energy, joy, and happiness, making IPC Shopping Centre the preferred meeting place for all our visitors. With elements of "Loong" (dragon) and "Ma" (horse), which is also represented by our iconic Dala horse, a symbol of our Swedish heritage, featured across the concourse, we hope to also spread wealth, fortune, and blessings in abundance to our shoppers." She added, "We have created a truly immersive experience that blends traditional Chinese elements with contemporary festivities. Our visual installations reflect our commitment to celebrating cultural diversity and heritage, providing a perfect way to honour the rich traditions of this important festival. Shoppers can indulge in various festive delights, enjoy contemporary and Instagram-worthy decorations, and witness an electrifying clash of lion and dragon dance performances by the returning, award-winning Yi Meng Lion Art troupe (一鳴獅藝舘) on 10th and 11th February at concourse. We have also arranged Små Club activities that are child-friendly for family to bond and make the Lunar New Year celebration extra special. With so much to offer, shoppers can look forward to a unique and unforgettable experience at IPC Shopping Centre." During this period, visitors will also be able to browse through various pop-up stores stationed around the concourse area forming a Lunar Marketplace; take part in the DIY workshops with activities like painting CNY elements or crafting festive decorations at Funland on Level 2; and get into the festive mood with God of Prosperity and IPC Små Buddies Mascot walkabout, oriental themed performances, and acrobatic lion and dragon dance performances. Spending shoppers can redeem bountiful gifts from the i-Counter on Level G. The line-up of rewards as follows: Redeem two (2) RM5 Loong e-vouchers with a minimum spend of RM200 in two (2) receipts. Redeem one (1) Loong Ma-Jestic Ang Pow Set with a minimum spend of RM200 in two (2) receipts. Redeem one (1) Lunar Blossom Mat with a minimum spend of RM1,000 in three (3) receipts for normal shoppers (RM800 for IPC Tack Club members). Tack Club members are also entitled to exclusive weekday delights when they shop and spend. This includes: One (1) Chinese paper cut art on 24th and 31st January from 2pm – 7pm when they spend a minimum of RM28 on one (1) receipt. One (1) Chinese fan calligraphy art on 26th January and 2nd February from 2pm – 7pm when they spend a minimum of RM28 on one (1) receipt. Prosperous double Tack Points collection for every weekday spend (excluding public holidays). Små Club members can also go home with one (1) CNY Sticker Set redeemable at the i-Counter on Level G during weekdays, excluding public holidays. To further add to the excitement, IPC Shopping Centre has also launched the limited-edition Fortune Seeker Prodigy CNY Badge on the IPC App, encouraging Tack Club members to embark on a journey to earn 100 Tack Points by completing the following missions throughout the centre. Capturing a photo of the Loong Ma-Jestic Garden, Showcasing a photo of themselves in their stunning red outfit, Uploading any receipts of purchases made within the day of submission, Snapping a photo with Jätte, the 7.5m Giant Inflatable Dala Horse, and Taking a selfie at the 20versary Gallery. For more information about the Loong Ma-Jestic Lunar New Year celebration, please visit ipc.com.my/LoongMajestic or follow IPC Shopping Centre on Facebook and Instagram for the latest promotions, events and updates. About IPC Shopping Centre:Malaysia's first meeting place anchored by IKEA with the big blue box store and a vital part of Ikano Retail's growing portfolio in the region. Strategically nestled in the heart of the mixed-use development of Mutiara Damansara since 2003, it serves as a familiar, cosy home away from home for their community and beyond. Blending its Swedish heritage with innovation, IPC Shopping Centre leads in sustainability with the flagship Recycling and Buy-Back Centre and other green initiatives in fostering community engagement and showcasing their commitment to a greener future. IPC Shopping Centre enhances everyday life as the preferred one-stop retail hub with diverse offerings that goes beyond transactional shopping, but also a space for continued connection, discovery and inspiration for its visitors.
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