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LONDON, Feb. 26, 2025 /PRNewswire/ -- Leading international investment migration firm Henley & Partners welcomes US President Donald Trump's proposal for a new "gold card" visa which would offer wealthy investors the right to live and work in the US and a pathway to citizenship in exchange for a USD 5 million investment. The initiative will enhance US competitiveness in the global investment migration landscape by providing a clear and attractive investment route to citizenship for high-net-worth individuals seeking to contribute to the American economy. CEO of Henley & Partners, Dr. Juerg Steffen, says "the proposed gold card visa presents an exciting new opportunity for high-net-worth investors seeking US residence and citizenship. However, maintaining continuity and clarity in investor immigration policies is also crucially important. We encourage US authorities to ensure stability for investors by implementing a well-structured transition that safeguards existing programs such as the US EB-5 Immigrant Investor Program. Investors considering the EB-5 program should act swiftly under the current regulations, as their green card eligibility remains secure within the established framework. We remain committed to guiding investors through the evolving US immigration landscape and will continue engaging with all stakeholders, including the US government, to support economic growth while ensuring certainty for investors." Record-breaking demand for investment migration options Henley & Partners has onboarded clients from 94 countries over the past 12 months and received enquiries from over 180 different nationalities, reflecting a continuous and significant increase in global demand for investment migration solutions. Dominic Volek, Group Head of Private Clients at Henley & Partners, says the introduction of the gold card visa program in the US represents a unique opportunity for high-net-worth individuals looking to secure residence in the country with a pathway to citizenship. "The US remains the undisputed leader in private wealth creation and accumulation, and we welcome the US government's progressive approach to providing access to citizenship via investment. As our USA Wealth Report points out, the US accounts for 32% of global liquid investable wealth — a colossal USD 67 trillion. The country is also home to 37% of the world's millionaires. We have long advocated for investment migration programs that balance investor benefits with national economic growth, and the introduction of the gold card program is an exciting development, reaffirming the US as a leading destination for global investors while ensuring a more strategic and beneficial framework for both wealthy migrants and the American economy." Volek reiterates that investors still contemplating the established US EB-5 Immigrant Investor Program should move forward quickly under the current rules as their ability to obtain a green card will likely be protected under the existing EB-5 regulations. "Given the legislative complexity and legal protections afforded by the EB-5 Reform and Integrity Act of 2022 (RIA), clients can remain confident in the EB-5 program's stability and should proceed with their investment promptly to secure their place under the current regulatory framework. Any new investor visa would require new legislation which would have to pass through Congress, which is unlikely to be enacted in the short term." Wealthy migrants drive economic growth Henley & Partners, which has over 60 offices worldwide and has raised more than USD 15 billion in foreign direct investment, has designed, implemented, and successfully promoted many of the world's most successful residence and citizenship by investment programs and is looking forward to working with the US government to source interested investors for the new US gold card visa. Dr. Steffen says retaining and attracting wealthy migrants is critical for economic growth, including in affluent regions of the world such as the US and Europe. "These high-net worth individuals not only bring their wealth, but host countries also benefit from the taxes they pay, the businesses they create, and the jobs they generate. The benefits of this migration of wealth and talent are wide-ranging, including foreign exchange revenue from incoming wealth, increased stock market investments, and a boost in local job creation, particularly in high-value sectors such as luxury retail, high-tech, and prime real estate. Furthermore, many relocating millionaires are entrepreneurs and company founders who start new businesses and drive economic activity, reinforcing the long-term economic prosperity of their new home nations."
HONG KONG SAR - Media OutReach Newswire - 26 February 2025 - Response to the Budget 2025/2026 by KK Chiu, International Director, Chief Executive, Greater China of Cushman & Wakefield: Large-scale land disposal for Northern Metropolis We are pleased to see the government continue to facilitate the development of the Northern Metropolis (NM) and optimize the industrial and spatial layout. We believe that the "large-scale land disposal" model can accelerate the completion of residential, industrial, and public facilities. The Development Bureau estimates that the engineering costs for each district will be from HK$10 billion to HK$20 billion. Compared to traditional models, the "large-scale land disposal" model can save more than HK$1 billion in public funds. Historically, construction costs in Hong Kong are two to three times higher than in neighbouring locations such as Shenzhen. We recommend that the government can reduce costs by introducing foreign labor, similar to the approach taken by the Singaporean government, and to plan effective transportation. connections to enhance investor confidence and attract more developers for sustainable growth. Compared to traditional land sale models, the large-scale land disposal model features a larger scale, longer development period, and extended payback time. This approach shifts high upfront costs and risks to developers, testing their financial sustainability and capacity to manage these burdens. However, during land levelling, developers can also plan and design, which compresses project timelines and increases their autonomy in design and construction. This flexibility enables them to respond effectively to market demands and create diverse residential or commercial projects. We recommend that the government effectively plan and utilize transportation facilities in new development areas and those connecting to external regions, such as the Shenzhen Bay Bridge and the planned Hong Kong-Shenzhen Western Railway. Enhancing transportation connectivity will improve convenience, boost investor confidence, attract more developers, and ensure the district's sustainability. The government's plan to prepare land for approximately 80,000 private housing units over the next five years We are pleased to see the proactive efforts by the government to stabilize future private housing supply. However, since more than 65% of the new land will come from new development areas, such as the Northern Metropolis and Tung Chung, it is crucial to prioritize infrastructure development. We recommend the government to ensure that infrastructure facilities are in place in these areas before the residential projects are completed, to avoid inconvenience for residents upon moving in. Response to the Budget 2025/2026 by John Siu, Managing Director, Hong Kong, Cushman & Wakefield: Development of artificial intelligence (AI) and data facility cluster at Sandy Ridge We urge the government to announce the development details of the data facility cluster at Sandy Ridge as soon as possible, simplify the land approval process, and offer favorable terms to attract developers and data center operators to set up operations in the area. Rezoning Some Commercial Sites We are pleased to see the government temporarily suspend the sale of commercial land parcels, allowing the market to gradually absorb current vacant space and new projects under construction. We suggest that the government regularly review market conditions for a well-timed restart to the sale of commercial land parcels. Response to the Budget 2025/2026 by KB Wong, Executive Director, Head of Valuation and Advisory Services, Hong Kong of Cushman & Wakefield: The government stated that there will be eight residential sites for sale next year, which can help maintain a stable land supply. We suggest that the government make development conditions in the tender document as clear as possible and avoid putting excessive obligations on the developers as to provision of social or similar facilities, in order to invigorate market activity and to attract more small and medium-sized developers and new entrants to participate in the bidding. Response to the Budget 2025/2026 by Rosanna Tang, Executive Director, Head of Research, Hong Kong of Cushman & Wakefield: We are pleased to see the government's emphasis on attracting high-caliber talent and students, and that initiatives such as the Northern Metropolis University Town and the Belt and Road Scholarship will play a crucial role in attracting diverse global talent and students to Hong Kong in the long term. This influx will bolster demand in the local rental apartment sector and stimulate growth in the residential leasing market. However, there is currently a significant shortage of student accommodation in the market. Our latest estimates indicate that, on average, three university students are competing for a single bed across Hong Kong, with projected future demand for student beds potentially exceeding 50,000. This shortage has led some students who are unable to secure dormitory housing to seek alternative arrangements in private residential units. Therefore, we welcome the government's consideration of rezoning certain commercial sites for residential use. Additionally, we recommend that the government consider permitting the conversion of existing suitable commercial buildings and hotels into student accommodation, and to advocate for the removal of barriers and relaxation of restrictions in the approval process, thereby providing greater flexibility in land use. We anticipate that these measures will increase housing options, alleviate rental pressures, and effectively address the challenges associated with the student bed supply and demand situation. Response to the Budget 2025/2026 by Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield: We applaud the government's decision to raise the maximum value of properties chargeable to stamp duty of $100 from HK$3 million to HK$4 million. This adjustment should attract a larger pool of buyers and investors to the market, consequently expediting transactions for small and medium-sized properties. As per data from the Land Registry, in 2024, there were 7,623 residential transactions valued between HK$3 million and HK$4 million, constituting approximately 14% of total residential transactions. We anticipate that this modification will invigorate the property exchange chain, surpassing the government's estimated 15% and potentially reaching 20% in the number of property transactions benefiting from this initiative. Response to the Budget 2025/2026 by Tom Ko, Executive Director, Head of Capital Markets, Hong Kong of Cushman & Wakefield: The Government has stated that it will introduce a series of optimization measures under the "New Capital Investment Entrant Scheme." We look forward to the Government announcing the details as soon as possible. We urge the government to lower the investment threshold for residential properties to HKD10 million and to remove the cap on property investments. This will attract small and medium-sized investors, enhancing Hong Kong's competitiveness as an international financial center and drawing more talent and capital. Click here for high-res pictures Hashtag: #CushmanandWakefieldThe issuer is solely responsible for the content of this announcement.About Cushman & WakefieldCushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).
KEY HIGHLIGHTS FY2024 VS FY2023 Revenue at RM1.0 billion, up by 22.3% Operating Profit at RM155.5 million, up by 88.7% Profit Before Tax ("PBT") at RM117.2 million, up 33.1% Net Profit at RM95.8 million, up by 31.6% Net Income at RM799.6 million, up by 22.6% Operating Expense at RM644.0 million, up by 13.0% Return on Equity at 8.75%, up by 25.8% Earnings Per Share at 13.18 sen, up by 31.3% Net Equity Trading Investment Income at RM55.8 million, up by 30.8% Overall Market Share at 9.6%, Retail Segment Market Share at 25.3% Asset Under Administration ("AUA") at RM23.5 billion, up by 8.5% KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 26 February 2025 - Kenanga Investment Bank Berhad ("Kenanga Group" or "The Group"), Malaysia's leading independent investment bank, today delivered one of its strongest financial results to date for the financial year ended 31 December 2024 ("FY2024"). The Group posted an all-time high revenue of RM1.0 billion, up 22.3% year-on-year, while operating profit surged 88.7% to RM155.5 million, also its highest yet. PBT rose 33.1% to RM117.2 million, while net profit climbed 31.6% to RM95.8 million. Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad Kenanga Group's strong results were driven by a significant revaluation gain on strategic investments through its Private Equity arm, alongside higher trading and investment income, net brokerage income, and management and performance fees. Increased contributions from associates further bolstered its bottom line, partially offset by credit loss expenses. Reflecting this performance, the Board of Directors has declared an interim single-tier dividend of 8.00 sen per ordinary share for FY2024. "2024 was another landmark year for Kenanga Group, delivering one of our strongest financial performances to date, despite market headwinds. This milestone underscores the resilience of our diversified business model and our disciplined approach in capitalising on growth opportunities across all our key business segments," said Datuk Chay Wai Leong, Group Managing Director, Kenanga Investment Bank Berhad. Kenanga Group's Stockbroking division recorded RM363.6 million in revenue, a 17.9% increase from the previous year. PBT eased to RM15.4 million from RM16.1 million in FY2023, reflecting the impact of credit loss expense incurred during the year as opposed to a writeback in the previous year. Amid heightened market volatility and an evolving competitive landscape, the division successfully maintained its retail market share of 25.3%. The structured warrants business remained a key contributor, reinforcing the Group's position as Malaysia's leading issuer, with the highest market share in warrants trading volume. Its Asset and Wealth Management division posted revenue of RM303.9 million, an increase of 14.9% year-on-year. The revenue was primarily driven from its institutional and retail segments. Despite higher overhead cost, which led to a PBT of RM47.0 million relative to RM58.7 million in 2023, the division's AUA saw strong growth, closing at RM23.5 billion, an increase of RM1.8 billion year-on-year. The Group's Investment Banking division registered a jump in both revenue and PBT for FY2024, with a 10.0% increase in revenue to RM246.4 million, and an 8.4% increase in PBT to RM6.2 million. This was driven by higher investment income from treasury and fee income, buoyed by a vibrant bond market and capital market. Kenanga Group's Listed Derivatives business continued its growth streak, delivering yet another year of record performance. Revenue climbed 15.3% to RM27.6 million, while PBT surged 24.1% to RM7.8 million, its highest in over a decade. This sustained upward trajectory was fueled by higher trading commissions and interest income, supported by a surge in trading activity across the listed derivatives market. "As we enter 2025, our focus remains on growing our core businesses while accelerating digital transformation. By strengthening recurring income streams, optimising cost efficiencies, and expanding product offerings, we are positioning Kenanga Group for sustainable, long-term growth," added Datuk Chay. "With a legacy that spans over five decades, we continue to leverage our vast experience from navigating market cycles, and create synergies across our ecosystem to drive innovation, expand market reach, and create greater value for our stakeholders," concluded Datuk Chay. Beyond financial performance, Kenanga Group remains committed to responsible and sustainable growth. In 2024, this commitment was reaffirmed with the Group's continued inclusion on the FTSE4Good Bursa Malaysia Index, ranking among the Top 8% of Malaysian public-listed companies. Hashtag: #KenangaThe issuer is solely responsible for the content of this announcement.About Kenanga Investment Bank Berhad (197301002193 (15678-H)) Established for over 50 years, Kenanga Investment Bank Berhad ("The Group") is a leading financial group in Malaysia, offering a wide range of services, including equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing. The Group's digital innovations include the launch of KDi GO, a wealth-centric app, along with game-changing products such as Rakuten Trade, Malaysia's first fully digital stockbroking platform, and Kenanga Digital Investing, an A.I. robo-advisor. Kenanga has garnered multiple awards, including top honours at the Bursa Excellence Awards 2023 and The Edge Malaysia Centurion Club 2023. The Group also secured the Top 20 Overall Excellence and the Niche Cap Excellence Award at the National Corporate Governance and Sustainability Awards 2024. As one of the highest- scoring constituents of the FTSE4Good Bursa Malaysia Index and a Participant of the United Nations Global Compact, Kenanga continues to drive collaboration, innovation, and sustainability in the financial industry. For more information, please visit www.kenanga.com.my.
BANGKOK, Feb. 26, 2025 /PRNewswire/ -- Binance, the world's leading blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and users, alongside Gulf Binance, a joint venture between Binance's subsidiary and Gulf Edge Co. Ltd., recently co-hosted the first-ever cross-regional physical law enforcement training session, gathering crime fighters from all over the APAC region in Bangkok, Thailand. The participants shared knowledge and honed skills necessary to harness the power of blockchain technology to disrupt and dismantle illicit activity. The full-day training session featured investigations experts from Binance, law enforcement portal Kodex, leading blockchain intelligence platforms Chainalysis, TRM Labs, Elliptic and Merkle Science, as well as representatives from law enforcement agencies sharing their experiences and best practices in addressing complex cases involving digital assets. The event brought together over 120 speakers and participants from various organizations, including the Ministry of Digital Economy and Society of Thailand, UNODC, the World Economic Forum-hosted Cybercrime Atlas, and law enforcement officers from Thailand, Taiwan, Indonesia, Mongolia, Malaysia, Singapore and Australia. Following the event, a representative from The Cyber Crime Investigation Bureau (CCIB) of Thailand shared: "The evolution of modern policing spurred by the advancement of digital technology has brought a significant change in the way crime fighters and investigators operate. It is ever more critical for law enforcement officers to be equipped with up-to-date skills and knowledge in handling crypto-related investigations. We value this opportunity that facilitates discussion and promotes engagement among key stakeholders presented by Binance." Jarek Jakubcek, Head of Law Enforcement Training of Binance, commented: "At Binance, we recognize that securing the digital environment is only possible through deeply collaborative efforts by both the public and private sectors, and we are dedicated to facilitating and driving such efforts. We appreciate all participants for their support and the collaborative spirit they demonstrated. Today's event showcases the kind of broad cooperation and commitment needed to pursue justice in the digital space, and we look forward to keeping the momentum going." The success of Binance's APAC Regional Law Enforcement Day underscores the company's dedication to combating crime in partnership with the global law enforcement agencies and industry stakeholders. By fostering dialogue and building law enforcement's capacity for crypto investigations, the event created a platform for connection, collaboration, and empowerment for the pioneers standing on the frontline against criminal activities across the APAC region. This initiative, integrating Binance's global network, the blockchain intelligence technology from leading tracing companies, and the insights from industry experts, demonstrated what public-private collaboration can achieve, while reflecting Binance's steadfast commitment to user protection and building a safe and secure blockchain ecosystem for all. ABOUT BINANCE Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 260 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com ABOUT BINANCE TH by GULF BINANCE CO., LTD. Gulf Binance Co., Ltd., a joint venture between Digital Anchor Holdings Limited, a whole subsidiary of Binance, the world's largest cryptocurrency trading platform by trading volume, and Gulf Edge Co., Ltd., received digital asset exchange and brokerage operator licenses from Thailand's Ministry of Finance in May 2023. Leveraging this authorization, the company proceeded to launch BINANCE TH by Gulf Binance ("BINANCE TH") in November of the same year. With a focus on promoting digital asset adoption, ensuring user safety, enhancing digital literacy, and compliance with regulatory frameworks, BINANCE TH aims to contribute to the digital asset environment in Thailand. For additional information, visit: https://www.binance.th/th
SINGAPORE - Media OutReach Newswire - 26 February 2025 - On February 20, the "Exploring New Growth" OPPO Ads Connect 2025 Southeast Asia Salon was successfully held in Singapore alongside the launch of OPPO Ads' new Device+ Marketing Solution. This is OPPO Ads' first platform-level event abroad, showcasing its strategic capabilities, creative accomplishments, market insights, and marketing product solutions. Attended by marketers, service providers, developers, industry practitioners, and other stakeholders, the salon promoted industry development and innovation. Expert speakers sparked discussion of leading-edge market development opportunities and helped to foster commercial growth. An important link between OPPO Ads and partners, Connect provides a new platform that aggregates multiple ecosystems. The salon event marks the first public engagement of OPPO Ads in the Southeast Asian market and is an important part of its globalization strategy. During the event, Head of OPPO Ads Overseas Sales and Operations Tim Chen, Product Director of OPPO Ads Kevin Wu, and AM Director of OPPO Ads Gavin Zou shared their perspectives on the long-term commercial capability building and innovative marketing solutions of OPPO Ads, and empowering advertisers in user acquisition, efficiency improvement, and long-term operations with a one-stop solution. Enhancing the Terminal OS Ecosystem and Unlocking New Market Vitality Tim Chen stated that in addition to solidifying its foothold in the Southeast Asian market, OPPO has continued to roll out significant advancements through its robust product matrix, channel strengths, and user influence. The Find X8 series has doubled its sales compared to its predecessor. Furthermore, OPPO's international shipments continue to surge, securing the top spot in Southeast Asian markets in 2024. These achievements underscore OPPO's strong market position and sway in Southeast Asia. At the same time, OPPO Ads is becoming the preferred platform for international advertisers aiming to expand due to its unique commercial marketing value for three reasons: First, with its competitive pricing, OPPO Ads uses more proactive scenarios to help advertisers reach a large number of users more efficiently and maximize the advertising value. Second, advertisers can easily transition from reach to conversion, enhancing user value throughout the life cycle, and greatly boosting user engagement and retention by utilizing OPPO's robust OS ecosystem. Finally, OPPO Ads offers a range of marketing solutions for advertisers in different industries and with different needs. These span pre-load cooperation and targeted delivery, as well as light-touch scenarios and deep engagements, satisfying the unique needs of advertisers and significantly increasing delivery efficiency and effectiveness. OPPO Ads has dramatically expanded commercial use cases and traffic supply as the business has grown. In 2024, OPPO Ads' request volume increased by 300% with the introduction of new commercial applications such as PUSH, global search listing, Shelf card, and local video Feeds, with 140 million monthly active users on Southeast Asia's OS. In 2025, OPPO Ads will see significant advancements and growth in terms of shipment and traffic, as well as commercialization capabilities. The vast active user base provides a broad space for advertising placement and brings more marketing opportunities to advertisers. Unlocking The "Retention" Code Through Product Iteration and Upgrade Hard Power At the commercial product level, Kevin Wu introduced that OPPO Ads is leveraging cutting-edge technologies and innovation to iterate and update product capabilities across three key dimensions: Marketing Platform Capability Upgrade: OPPO Ads has comprehensively upgraded its marketing platform to include new features like splash screens, enabling advertisers to engage users across all scenarios and manage all types of promotions. During the mid-investment phase, the platform supports RTA (Real-Time API) optimization and utilizes multiple bidding strategies to help ensure backend conversion costs, effectively increasing backend ROI by over 10%. In the post-advertising phase, enhanced attribution capabilities and OS data monitoring cater to advertisers' needs for effect attribution, making marketing results quantifiable. Programmatic Ad Efficiency Improvements: OPPO Ads has intensified efforts to boost the effectiveness of programmatic ads, facilitating DSP (demand-side platform) participation and optimizing advertising features across the board, greatly increasing exposure, winning bids, and engagement. It also allows DSP access to all traffic, leading to more than a 200% increase in request volume. PUSH Marketing Solution: OPPO Ads has explored the diverse applications of system scenarios and built a variety of commercial capabilities based on PUSH capabilities. Through capability upgrades such as "sticky on the top" and empowerment of style rights, the click-through rate and backend effects were greatly improved. Along with offering advertisers more effective marketing options to improve target user reach, these iterations have helped OPPO's business expand in terms of technology and innovation. Device+: A Solution for One-Stop User Management During the event, Gavin Zou unveiled the Device+ Marketing Solution, designed to help advertisers efficiently acquire large numbers of high-quality users, conduct user operations on the OPPO platform, and expand business boundaries. Based on OPPO's massive mobile Internet ecosystem, Device+ offers global clients a one-stop user management service through preload, advertising, and ecosystem cooperation. It covers new user acquisition, user activity improvement, and user conversion, among other things, to meet clients' user operation needs at various stages. Device+ preload cooperation: OPPO Ads can reach 24 million new device users in Southeast Asia annually through preload and PAI services. The services streamline the registration process, offer a special quick open feature for notifications, and increase the activation rates by over 20% by detecting the activation status of preload apps on the device side and promptly engaging with users. Device+ APP distribution: For users who have not installed the application, OPPO can flexibly reach them through effect advertising, and based on the system's unique ADD download capability, we improve download and installation efficiency, as well as overall user acquisition efficiency by more than 30%. Device+ massive touchpoints: With the help of system-level data insights and user churn warning models, OPPO can activate each potential user promptly, reducing user churn rate by 10%, and optimizing network and application performance through LinkBoost and HyperBoost to improve user experience. Device+ pre-positioning: User conversion is one of the important indicators that advertisers care about in long-term management. Using OPPO's unique system scenarios, users can use services without opening apps, such as search listing, shelf cards, and OPUSH, which attracts users as soon as they see them, improving user retention, transaction conversion rate, and click-through rates. Future Outlook: Collaborating for Long-Term Success The OPPO Ads Connect 2025 Southeast Asia Salon marks a significant step for OPPO Ads in the Southeast Asian market and serves as a vibrant platform for industry exchanges. During the roundtable, Jenny Wang, OPPO Ads Sales Director of Southeast Asia Area, Nita Wang, OPPO Ads Sales Director, and guests from leading companies such as Agoda, AIDC, DTI and AppsFlyer exchanged insights on Southeast Asian industry trends and marketing needs. They identified key challenges, strategized effective solutions, and discussed leveraging OPPO's comprehensive advertising solutions to enhance user acquisition and user engagement. This event demonstrates OPPO Ads' innovative marketing value, outstanding OS system capabilities, and diversified solutions in commercial marketing, providing advertisers with more comprehensive support and more boundless business opportunities. Whether it is the development of emerging markets or the deep cultivation of mature markets, OPPO Ads is helping clients grow their businesses. Looking ahead, OPPO Ads will continue to enhance its commercial capabilities and collaborate with ecosystem partners to explore new cooperative opportunities and promote ongoing industry growth and prosperity. For more information, please follow the official OPPO Ads accounts on Facebook and Linkedin.Hashtag: #OPPOAdsThe issuer is solely responsible for the content of this announcement.
Future-Oriented Resort Development: Harmonizing Environmental Conservation and Local Communities TOKYO, Feb. 26, 2025 /PRNewswire/ -- New Initiative by Rusutsu Resort Tech and Kamori Kanko Japan's ski industry continues to evolve. With changing tourism trends, increasing environmental concerns, and the need for long-term economic sustainability, resort development must adapt to new challenges. Rusutsu Resort Tech, Inc. (hereinafter "RRT") and Kamori Kanko Co., Ltd. (hereinafter "Kamori Kanko") are committed to developing a new model that prioritizes regional economic revitalization, environmental conservation, and improvements to the quality of life for local residents while ensuring sustainable growth. RRT, in partnership with Kamori Kanko, is introducing an innovative approach that transcends conventional development methods. By integrating local expertise, cutting-edge technology, and a sustainability-first philosophy, the initiative aims to transform Rusutsu Resort into a model for next-generation ski and tourism destinations. Unlike traditional resort expansions driven solely by developer-led investments, this initiative encourages businesses, local stakeholders, and innovators to collaborate in shaping the region's future. The objective is clear: to create a new, sustainable resort ecosystem based on "co-creation," where economic growth, environmental conservation, and community well-being are seamlessly integrated. Establishing a Sustainable Development Model Founded in April 2024, RRT has officially commenced full-scale operations. Led by co-founders CEO Hisatake Kamori (who also serves as President of Kamori Kanko), COO Asahi Iwanaga, and CFO Shintaro Hirato, RRT aims to leverage advanced technologies to develop a future-oriented resort that balances environmental responsibility with regional and social considerations. Furthermore, RRT has entered into an exclusive business partnership with Kamori Kanko to manage and operate select development projects within Rusutsu Resort. By maintaining a close relationship with Kamori Kanko and the local government, RRT is committed to ensuring that development is conducted in a responsible and efficient manner. Vision of RRT and Kamori Kanko RRT and Kamori Kanko have established five key pillars—Environment, Tourism, Health, Education, and Economy—as the foundation for a new regional revitalization business model. Through "co-existence" with the local community, the initiative will drive sustainable development while promoting regional economic growth, environmental protection, and improved living standards for local residents. This initiative seeks to provide a roadmap for the healthy growth of Japan's ski and tourism industries, ensuring that local communities derive tangible benefits from these developments. Challenges Facing Japan's Ski Resorts Japan's tourism industry is expanding rapidly, with ski resorts garnering global attention. However, rapid foreign investment and resort development have raised concerns about repeating past mistakes. During Japan's ski industry boom, luxury resort condominiums were built across popular ski resorts, creating temporary economic prosperity. However, after the economic bubble burst, many high-end resort areas became abandoned, with some even deteriorating into slums. Currently, the inbound tourism boom has reignited interest in Japan's ski resorts, and foreign investment has surged into destinations. While these areas may appear vibrant, much of the economic benefits are being extracted by foreign investors, rather than reinvested into the local community. This has led to economic stagnation and an unsustainable economic cycle. If left unchecked, this trend could accelerate the hollowing out of local communities rather than contributing to regional revitalization. The most pressing issues include: Displacement of Local Residents: The rapid rise in land prices due to luxury resort developments makes it difficult for local residents to maintain their livelihoods. Economic Leakage: While foreign investment generates short-term economic activity, much of the profits flow out of Japan, with minimal reinvestment into local economies. Environmental Degradation and Water Shortages: Unregulated development is leading to deforestation and excessive groundwater extraction, threatening the long-term sustainability of these areas. RRT and Kamori Kanko's Approach to Sustainable Regional Development In response to these challenges, RRT and Kamori Kanko are working not just to develop resorts but to establish a sustainable business hub that supports both the region and the resort. A central element of this initiative is the creation of an Incubation Lab, designed to foster innovation by utilizing local resources and supporting the growth of regional businesses and new enterprises. By transforming Rusutsu Resort into a business hub, RRT is committed to building an economic cycle that directly benefits local businesses and residents. This includes supporting new business models that leverage local resources and expertise, fostering a locally driven economy that does not rely on foreign capital. New Business Model Envisioned by RRT and Kamori Kanko The development model RRT and Kamori Kanko are pursuing is based on co-existence with the local community. Key strategies include: Private Governance for Sustainable Development Establishing sustainability standards and a certification system to ensure responsible corporate participation in development projects. Implementing a corporate participation fee system to redirect development revenues into local economic reinvestment. Revitalization of the Local Economy & Job Creation Actively employing local residents and increasing opportunities for community involvement in resort operations. Establishing an independent economic model that circulates profits within the local economy rather than relying on foreign capital. Reducing Environmental Impact & Preserving Water Resources Introducing regulatory measures to prevent excessive groundwater usage. Developing an innovative approach to repurposing Hokkaido's abundant snowfall as a water resource. Utilizing renewable energy sources, such as geothermal energy, to reduce the environmental footprint of resort operations. Future Outlook: "From Hokkaido to the World" Through this new business model, RRT and Kamori Kanko aim to establish a benchmark for sustainable resort development in Hokkaido and beyond. This initiative is expected to become a new standard for responsible tourism development both in Japan and internationally. By strengthening partnerships with local governments, RRT and Kamori Kanko are working to build a new framework for regional development. By fostering long-term collaboration, the initiative seeks to enhance the value of tourism destinations, creating a sustainable resort city that attracts visitors from around the world. The ultimate goal is for Rusutsu Resort to become a globally recognized model of balanced development, where environmental conservation, economic growth, and community well-being are harmoniously integrated. Message from Hisatake Kamori, CEO of RRT and President of Kamori Kanko "A Future-Oriented Platform for Regional Development" "This initiative is the culmination of over a decade of vision, two years of strategic planning, and one year of dedicated preparation. Our goal is to position Rusutsu Resort as a business hub and a platform for regional revitalization. This is more than just resort development—it is about forging long-term partnerships that create new value and drive sustainable growth." Contact Information Rusutsu Resort Tech Inc.Official Website: https://rusutsu-resort-tech.co.jp/en/Please use the contact form on our official website for inquiries.
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