Companies – Page 195

PM tags sustainability bonds, future vision

On: May 29, 2024

PUBLISHED: 29 May 2024 at 18: 58

In response to the invitation from Prime Minister Srettha Thavisin on Wednesday, Thailand’s leader Srettha Thavisin extended an invitation to international partners and investors to make investments there as part of the country’s “IGNITE THAILAND,” a vision for the country’s coming that uses its strengths to become a regional hub in eight essential industries.

Mr. Srettha, who spoke at the UBS Asian Investment Conference ( AIC ) 2024 in Hong Kong, stated that the government intends to issue 30 billion baht of sovereign sustainability-linked bonds this year and would welcome investors to take part in its efforts to fulfill the nation’s commitments to sustainability and climate.

He mentioned “IGNITE THAILAND” and the eight targeted sectors of aircraft, hospitality, well and health, agriculture and food, logistics, potential freedom, digital economy and finance.

‘ ‘ We are in debate with organisers of earth group activities such as Art Basel, Formula 1, and many more,” he said.

Mr. Srettha made it clear that he wants Thailand to be” the position to be” for local head offices of financial companies.

He urged international partners and investors to travel to Thailand on this transformational trip, claiming that the country offers a fertile setting for growth and innovation.

He stated that Thailand’s door is always open and affirmed his personal devotion to the success of this task.

More than 2, 000 top executives and entrepreneurs from 300 personal and public organizations in Asia Pacific gathered at the meeting to exchange ideas and visions about investments and upcoming improvements.

Mr Srettha delivered a keynote address titled” Wisdom: An attention on the past, a watch to the future” focusing on the government’s strategic vision for the future. Wisdom, derived from past experience, guides the state in addressing modern problems and shaping the future, he said.

PM touts sustainability bonds, future vision

By: Barkar Nash

On: May 29, 2024

In: South-East Asia

At the Hong Kong event, Setha outlines the” Burn Thailand” goals for global investors.

PUBLISHED: 29 May 2024 at 18: 58

As he outlined his” Burn Thailand” vision to touch the country’s strengths and come as a regional hub in eight important sectors, Prime Minister Srettha Thavisin on Wednesday extended an invitation to international partners to invest in the nation.

Mr. Srettha, who spoke at the UBS Asian Investment Conference 2024 in Hong Kong, stated that the government intends to challenge 30 billion baht worth of royal sustainability-linked bonds this year and invites investors to take part in its efforts to fulfill its commitments to conservation and culture.

He told his crowd about the” Burn Thailand” vision and the eight targeted areas of aircraft, hospitality, wellness and health services, agriculture and food, logistics, potential freedom, digital economy and finance.

” We are in debate with organisers of world- group activities such as Art Basel, Formula 1, and many more”, he added.

Mr. Srettha stated that his goal is to make Thailand” the location of the local head offices of economic firms.”

He urged international partners and investors to travel to Thailand, claiming that it offers a stimulating atmosphere for growth and innovation.

He stated that Thailand’s door is always open and affirmed his personal commitment to Burn Thailand’s success.

Mr Srettha’s presentation target was titled” Wisdom: An attention on the past, a view to the future” focusing on the government’s strategic vision. Wisdom, derived from past experience, guides the state in addressing modern problems and shaping the future, he said.

China quietly seeks influence from disaster in Brazil – Asia Times

By: Bolen C

On: May 29, 2024

In: Asia

More than a million people have been forced to leave their homes as a result of the devastating storms that have erupted in Rio Grande do Sul, southwestern Brazil, since late April, and at least 150 people have died as a result. &nbsp,

The storms destroyed billions of dollars worth of property, and much of&nbsp, Porto Alegre, the state’s money and one of the largest cities in South America. Smaller places in Northern&nbsp, Uruguay and Argentina&nbsp, were also affected by the economic crisis. &nbsp,

Rio Grande do Sul has received a lot of international support, including from foreign governments, and organizations, and the Portuguese federal government has provided emergency funding for state reaction and prevention assistance. China has been one of the nations at the vanguard of the global funding efforts to stop the flooding.

The BRICS New Development Bank ( BND), led by former Brazilian president and close Lula aide Dilma Rousseff, gave&nbsp, US$ 1.1 billion &nbsp, to help with reconstruction efforts.

Rousseff said,” I want to let Rio Grande do Sul residents know that they can depend on me and the BND during this difficult day.” Apparently, she and Lula have been immediately coordinating the support work. With a majority of the money coming from the People’s Republic of China, the BND has its headquarters in Shanghai. &nbsp,

In Brazil, the Chinese community likewise provided humanitarian aid in response to the storms. In Brasilia, the region’s capital city, a Taiwanese group team organized a package of essential items to those affected. They&nbsp, donated&nbsp, 1, 000 pots of packaged water, along with 1, 100 boxes of important items.

Li Hongzhong, the second vice president of the National People’s Congress, gave a little conversation at the Chinese Embassy to support the payment. The Chinese Community of São Paulo even raised&nbsp, 60 tons&nbsp, of gifts of food and supplies for Rio Grande do Sul, with support from condition government officials. &nbsp,

While it’s unclear whether the Chinese govt is directly responsible for these gifts, the Chinese authorities, in particular the ministries of international affairs and state protection, has been actively using Chinese communities in Latin America to spread its interests and effect while keeping tabs on Chinese citizens at the same time by monitoring them at foreign police stations.

The first vice president reiterated that Brazil’s Chinese group donated about$ 1 million to help with the flood, adding that China is condolenced, grieving, and showing support for the injured, the sufferers of the rain, and the affected area’s population.

Li assured Li that China would assist him as needed and that he had confidence in Lula’s authority. Also, the Lula government has expressed&nbsp, cooperation with China&nbsp, over the flood in Southern China.

Brazil has previously experienced charitable and climate disasters, and China has done so before. Brazil has received billions of dollars in money, funding, and technical assistance from the Chinese authorities to better plan for catastrophe. &nbsp,

In April, Chinese state- owned company State Grid Corporation of China promised to provide more than$ 40 billion to Brazil to strengthen its&nbsp, electrical grid, partly in response to disasters. In 2022, Taiwanese firms rushed to help the town of&nbsp, Petrópolis&nbsp, after it was devastated by flooding and landslides that killed at least 231 individuals. &nbsp,

Both China and Brazil are experiencing previous flood. Brazil has been advocating for China’s concept of” sponge cities” with basins designed to store heavy rain as a policy option.

However, the flow of Foreign aid to Rio Grande do Sul has largely been unfavorable. No significant Portuguese or international press shop covered China’s work. The biggest source of information about China’s attempts was Brasil de Fato, a paper mostly associated with President Lula and the remaining in Brazil. &nbsp,

According to Mauricio Santoro, Professor and Head of the State University of Rio de Janeiro’s Department of International Relations, “left-wing sites gave a little more room to China, as part of a view that emphasizes the importance of the Worldwide South in Brazilian foreign plan.”

Xinhua Net&nbsp, and another Chinese propaganda outlets even shared very little, under- promoted summaries. &nbsp, CGTN, a state- work TV and web outlet, even did not mention any of China’s philanthropic efforts in Rio Grande do Sul in its reporting. &nbsp, &nbsp,

Despite China having a lot of influence over the BND’s revenue and activities, no one reported that the Chinese and Portuguese governments had been directed at China. When the BND was created in 2014, it was hailed by China experts as a resource for China ‘s&nbsp, economic diplomacy.

The lack of public opinion and state advertising may be a few believable reasons for China’s charitable initiatives in Rio Grande do Sul.

Santoro spoke to these factors, stating that “humanitarian aid to Rio Grande do Sul has become a controversial topic in Brazil, part of the country’s political polarization, with the government and opposition accusing each other of incompetence, negligence, hindering volunteers, and so on” .&nbsp,

Santoro added that” China aid has not yet become a part of the discussion, but this could occur, as has already happened with Elon Musk’s ( Starlink network ) aid to Rio Grande do Sul.” Elon Musk is currently stuck in a feud against the&nbsp, Brazilian Supreme Court&nbsp, over the legal body’s order that X ( formerly Twitter ) ban several accounts.

Although China’s advertising efforts are essentially untapped financially, it seems as though the decision to ignore Rio Grande do Sul’s support may have been made in vain. Due to being perceived as very enmeshed, both the Taiwanese authorities and the Lula administration are at a specific political cost.

Lula has received more scrutiny for being too “pro-china,” in a nation that has traditionally been seen as a part of US foreign policy, probably since the Cold War. An augmented advertising plan that supports the philanthropic work might have a negative impact. &nbsp,

Santoro added that” the Portuguese press has not received a lot of attention on the issue of foreign aid, primarily because the focus is on Rio Grande do Sul conflict between the federal government and local specialists.”

With little media coverage, the aid would pass through the BND and the Chinese community, which would reduce any political ill will while preserving diplomatic relationships and responding to real native needs.

By promoting the initiative as a victory to a receptive audience at Brasil de Fato and Agência Brazil, the Lula management strengthens his domestic political bottom without drawing little support from the proper wing. China probably understood this and used a tactful public relations approach to maintain a low profile while achieving its goals. &nbsp,

Given the shifting degree of acceptance of Chinese influence in the region, it remains to be seen whether China will adopt a more aggressive media strategy in Latin America in the future.

Joseph Bouchard, a freelance journalist and geopolitical analyst based in the Quebec City, Canada, is an independent journalist and geopolitical analyst based in the area.

Vietnam’s great untapped rare earth bounty – Asia Times

By: Bolen C

On: May 29, 2024

In: Asia

Vietnam is home to the world’s following- largest reserves of unusual rocks, according to the US Geological Survey.

Nevertheless, Vietnam is struggling extraordinarily to get them out of the earth and onto global markets while the US and its supporters seek a supply chain wall to China’s supremacy of the essential vitamins.

China has de facto monopoly control over the crucial minerals used in everything from smartphones to electric vehicles to military hardware, according to the International Energy Agency, which accounts for 70 % of global rare earths mined and 90 % of global rare earth processing capacity.

Vietnam’s estimated 22 million tons of rare earths accounts for approximately 19 % of the country’s known deposits and is surpassed only by China’s projected 44 million tons.

But Vietnam is still a minute producer, with only 600 plenty produced in 2023, down some 50 % from 2022 rates. China, by contrast, produced 240, 000 tons last year while also war- broken and very poor Myanmar produced 38, 000 tons.

Vietnam’s programs to intensify rare earth mine were hampered by the arrests of leading market figures on corruption charges in October. The head of Vietnam Rare Earth JSC, an American mine company’s partner, was one of the accused, along with Australian Strategic Materials and Blackstone Minerals.

The arrests stymied government plans to auction additional concessions for rare earth mine, and they cast a shadow over the sector, which has stymied foreign investors.

Vietnam adheres to its unique earth masterplan, which calls for the extraction and processing of 2 million tons annually by 2030, despite the dread. &nbsp,

However, many people are now questioning whether Vietnam’s Communist Party leadership will prioritize its anti-corruption initiative over creating a unique world market that could power a silicon industry and the party’s envisioned knowledge-based economy. &nbsp, &nbsp,

In order to issue China’s current dominance of the business, Ian Lange, an associate professor with the Colorado School of Mines who specializes in asset economics, thinks Vietnam has the “bare need” of rich unique earth reserves.

” Rare earths are n’t necessarily rare – deposits are everywhere…The rare part is the processing and separation technology”, Lange said. Basically, every control and isolation facility is located in China.

About 74 % of US-derived rare earth materials are currently imported from China.

However, as the US enacts numerous sanctions and prohibitions against Chinese technology companies in an effort to thwart their growth, China’s virtual monopoly on rare world refining is becoming more vulnerable.

Prior to now, China had used its dominance of unusual rocks as a punishment. Following a sea debate, China in 2010 imposed a moratorium on rare world exports to Japan.

More recently, China restricted exports of chromium and tungsten, both essential elements of a range of current technology products, which China has a grip on global supplies in August of last year.

A gallium oxide chip wafer. Image: Facebook

Vietnam’s immense quantities of gallium, embedded in its estimated 5.4 billion tons of bauxite ore deposits and with higher concentration levels than China’s reserves, would on the surface appear to have the potential to break Beijing’s hold.

However, Vinacomin, a Vietnamese industrial conglomerate specializing in coal and mineral mining, acknowledged in a Channel News Asia program that the country’s most advanced rare earth facilities lack the technology to extract gallium from bauxite. &nbsp,

Although Vietnam has been conducting rare earth research since the 1970s, the industry and its educational pipelines continue to be primarily focused on theoretical and laboratory research and emphasize practical experience, according to Mining Vietnam, an industry trade fair.

It’s not yet known whether foreign investors can bridge knowledge gaps and end industry bottlenecks. However, it is obvious that the US is at the top of the game to support Vietnam’s development of its rare earth industry as a decoupling hedge from its current overdependence on China.

During President Joe Biden’s trip to Hanoi in 2023, the two sides signed a Memorandum of Understanding&nbsp, to” strengthen technical cooperation to support Vietnam’s efforts to quantify its REE ( rare earth element ) resources and economic potential” and “attract quality investment for integrated REE sector development”.

However, it’s unclear from the perspective of academic Lange and others whether the US can maintain a competitive edge over China’s economies of scale and has the “quality” rare earth refining capabilities for export to Vietnam.

” We all have the textbook. It’s not as though there is some science that only the Chinese know about. No one in the West has actually been processing rare earths, whereas China has been doing it for a long time, Lange said. &nbsp,

Currently, only eight companies in the US are capable of manufacturing intermediate rare earth products, S&amp, P Global reported. That comparative lack of capacity– and perhaps know- how – means scaling up Vietnam’s industry with US investment would take a long time.

Before such a partnership can be fully realized, Lange argued, it will require further development of the US’s own pilot separation facilities in order to convert Vietnam into a rare earth depot that is not reliant on China for downstream separation and processing.

There has n’t been any direct investment in the sector from US companies despite the US leading a joint coalition with South Korea on rare earth extractive research in Vietnam. &nbsp,

Regarding the extent of US firms ‘ involvement in the development of Vietnam’s rare earth industry, the trade office at the US embassy in Hanoi did not respond to a request for comment.

The few rare earths refining foreign firms, including from Australia, Japan and South Korea, that have sought to produce in Vietnam, some of which were in talks with global EV makers to secure set- price contracts, abandoned their projects after China ramped up supplies, causing prices to plummet. &nbsp,

Vietnam’s downstream processing capabilities are thus still miniscule.

Vietnam Rare Earth JSC (VTRE), an associate professor of politics and international relations at Simmons College with a focus on Southeast Asian politics and security, is the only domestic processor I know of. ” But, that firm has limited endogenous technology, high costs and is mired in an ongoing corruption scandal” .&nbsp,

VTRE can currently only process 5, 000 tonnes of rare earth oxides ( REO ) a year. The company had plans to treble that output, VTRE chairman, Luu Anh Tuan, claimed last year– though those plans are now uncertain amid the corruption allegations.

Luu Anh Tuan stands charged with corruption. Image: Facebook

VTRE also planned to conduct a pilot project to build a metalization factory with South Korean company Setopia, which notably has no prior experience in the sector. This is a subsequent step after raw ore processing.

According to the Ministry of Public Security, Tuan is accused of forging value-added tax receipts when he traded rare earths with Thai Duong Group, which runs a rare earth mine in Yen Bai, in northern China.

VTRE had partnered with Australian mining companies Australian Strategic Materials ( ASM) and Blackstone Minerals LTD to bid on the largest rare earth mine in Lai Chau Province, Vietnam, the month before the charges were leveled. No of the Australian businesses have been linked to the scandal. &nbsp,

Doan Van Huan, Thai Duong Group’s chairman, was also arrested on charges of making US$ 25.80 million from illegal sales of ores extracted from the Yen Bai mine.

The precise causes of the sales ‘ illegal nature were not stated in the official government statement.

However, according to a person with knowledge of the situation who spoke with Reuters, the raw ores were shipped to China because domestic refining costs were deemed unprofitable. The export of raw ores is severely restricted in Vietnam under current laws to promote greater domestic refining. &nbsp,

ASM and Blackstone Minerals did not immediately respond to inquiries from Asia Times about whether Tuan’s arrest had affected their agreements and plans with VTRE. On the current state of its dealings with VTRE, Setopia did not respond to a request for comment.

China Rare Earth Group Co Ltd, a state-owned giant in the production of rare earth, is making its own advances in Vietnam as the Dong Pao mine crackdown progresses. &nbsp,

It would be wise to keep the Chinese at bay if Vietnam wants to attract more foreign investment in both mining and processing, according to Abuza. &nbsp,

If Chinese firms move in on Vietnam’s sector, they will ultimately end up sending everything back to China for processing, he asserted. &nbsp,

” China’s near-monopoly is being broken, so the whole motivation for foreign investment in that sector is.” Vietnam’s advantage in so many ways is selling itself as a supply chain diversification from China, according to Abuza.

Some Chinese experts have acknowledged the use of the Kunming-Haiphong railway project as a rare earth extraction strategy without the transfer of technology. The railway, which passes through Vietnam’s rare earths heartland, could be used for convenient transshipment of raw rare earth ores, they suggest. &nbsp,

Significantly, China imposed an export ban on its rare earth processing technologies earlier this year. &nbsp, Lange, for one, has suggested that Vietnam could respond with a “resource nationalism” approach similar to Indonesia, which has banned the export of raw nickel to lure more foreign investment in processing.

However, there are some unknowns about Vietnam’s rare earth industry, which means foreigners will likely continue to watch until the situation is clearer.

One US and several Australian companies have the technology and interest, but many businesses are spooked by Vietnam’s current “wild west” nature, according to Abuza.

” Simply, there is no one to partner with. The two biggest players, VTRE and Thai Duong Group, are both mired in corruption investigations”, the academic said. &nbsp,

Normal services on Yellow Line delayed to ‘late June’

By: Barkar Nash

On: May 29, 2024

In: South-East Asia

Controller is still awaiting parts to restore the conductor rail that has been damaged.

PUBLISHED: 29 May 2024 at 16: 50

The Department of Rail Transport announced on Wednesday that ordinary services along the Golden Line rail system will begin on June 10 instead of June 10 as formerly announced, as its operator is still waiting for some parts to fix broken tracks.

According to section head Pichet Kunadhamraks, Eastern Bangkok Monorail Co, the line’s controller, is currently working on reinstalling the wire rail along the shattered monitor between Kalantan and Suan Luang Rama IX channels.

Nevertheless, he claimed that some crucial components have not yet been delivered and that the manufacturer had predicted that they would appear “in first June.”

The department, along with the Mass Rapid Transit Authority of Thailand ( MRTA ), will conduct an inspection to make sure the repairs were completed in a satisfactory manner and both tracks are ready to support normal operations once the parts arrive and the conductor rail is reattached, he said.

Therefore, Mr. Pichet predicted that regular operations along the Golden Line should resume maybe “in soon June.”

On March 28th, a portion of the monorail’s wire bridge exited between the terminals Suan Luang Rama and Kalantan and Suan Luang Rama IX. Electrical devices between the Kalantan and Si Udom facilities were temporarily affected by the incident, which forced officials to close the line for a brief period.

One of the wires between Hua Mak and Si Iam facilities was discovered to have been damaged by the event, which brought it back a day later. Since then, only a single monitor can be used to traveling between the two channels, seriously limiting support regularity.

Elements that broke off the wire bridge on March 28 have also been sent to Singapore for a closer assessment, according to Mr. Pichet.

According to Mr. Pichet, the ministry reported on April 1 through May 27 that it had discovered 17 faults on Bangkok’s electric road systems, eight of which were related to electrical problems and the other were to the trains.

Eastern Bangkok Monorail Co and the Pink Line controller Northern Bangkok Monorail Co are both subsidiaries of BSR JV Consortium, a cooperative venture between three large SET- listed companies: BTS Group Holdings, with a 75 % shareholding, Sino- Thai Engineering and Construction, and Ratch Group, a main power producer.

University of Nottingham Malaysia, CelcomDigi inks MoU to foster digital talents of tomorrow

By: Mary Blight

On: May 29, 2024

In: Technology

aims to give individuals the knowledge they need for the coming modern era.
Both events to create AI, Industrial XR/Metaverse answers

Left to Right: Professor Ir Dr Mohd Shahir Liew, vice provost of Research and Knowledge Exchange at UNM, Professor Sam Kingman, interim provost and CEO of UNM, Joachim Rajaram, chief corporate affairs officer, CelcomDigi, Nik Naharudin Bin Mohd Nasir, director Digital Talent and Entrepreneurship; Digital Industry Acceleration Division of MDEC.

The University of Nottingham Malaysia ( UNM) has signed a Memorandum of Understanding with CelcomDigi Berhad as part of nation-building attempts to foster and develop the digital abilities of tomorrow.

The multi-year partnership, according to the university, aligns both parties on a mutual collaboration to develop Artificial Intelligence ( AI ) and Industrial XR / Metaverse solutions and capabilities, from unlocking innovative tech-driven education experiences for UNM students to improving internal employee and operational processes.

In addition to Professor Ir. Dr. Mohd Shahir Liew, vice president of Research and Knowledge Exchange at UNM, and Nik Naharudin Bin Mohd Nasir, director of Digital Industry Acceleration Division of Malaysia Digital Economy Corporation ( MDEC ), Professor Sam Kingman, interim provost and CEO, and Joachim Rajaram, chief corporate affairs officer of MDEC, witnessed the signing of the MoU.

The MoU has outlined numerous creative work over the course of the three-year relationship to the benefit of both students and employees. In order to create options and functions for the company’s internal XR and Metaverse, CELCOMDigi and UNM will work together. These solutions are anticipated to further increase operational efficiency while enhancing the individual expertise. &nbsp,

CelcomDigi, through its in- home built options, has seen benefits from the implementation of AI and will now work with the school to more boost these solutions. From an education standpoint, both parties may seek to explore combining workshops, practical education, and business opportunities, empowering UNM students to participate in apprenticeship and function placement programmes at CelcomDigi.

Both events will work toward the establishment of CelcomDigi as a one-stop-center for UNM’s communication solutions and managed services partner in order to help 4G/5G/Direct Internet Access, WiFi, and a software-defined wide area network across the school and student-teacher area businesses. Both parties may look into possible ways for reskilling and upskilling opportunities for CelcomDigi employees as part of the wedding of CelcomDigi as one of UNM’s formal corporate partners, such as in micro-credential courses and part-time graduate degree programs.

Professor Sam Kingman emphasized the importance of securing future digital talent, saying,” Our collaboration with CelcomDigi opens doors for our graduates to practical learning with a leading industry giant, either through internships or employment opportunities after they graduate. We are also excited about the potential for immersive learning experiences for our students as a result of the adoption of Industrial XR/Metaverse and AI technologies, as well as the opportunities to creatively reimagine the tertiary education experience. The future is now, and only by developing and empowering students can we secure their capabilities to meet digital demands of the future” .&nbsp, &nbsp, &nbsp,

Additional joint project opportunities include thought leadership engagements, ranging from examining how UNM research agendas can facilitate the adoption and application of AI technologies by tech companies like CelcomDigi to discussing how important it is for industry stakeholders to bridge the gap between academia and the workplace.

MOF’s KMP invests in Malaysian computer vision startup, Evlos

By: Mary Blight

On: May 29, 2024

In: Technology

Unknown investment amount to scale the group and R& D to help growth
Evlos provides solutions for various industries ‘ AI-based quality assessment needs.

Shankar Ramanathan, founder and CEO of Evlos (top row, 2nd from left) with his team.

Kumpulan Modal Perdana ( KMP), a tech-focused venture capital owned by the Minister of Finance ( Inc ), announced last week that it had invested in Evlos, a provider of end-to-end computer vision solutions for automated quality inspections. KMP has joined Evlos as its most recent investment, and the money will be used to strengthen its workforce to support its development trajectory.

Evlos, a company founded and developed in Malaysia, has a core goal: to enable companies to fully automate and simplify their excellent control (QC ) inspection process. Through their cutting-edge zero-code computer vision software and automation equipment, the company has a key focus. By lowering labor costs and improving accuracy and reliability, Evas ‘ advanced options can significantly help businesses that still rely on manual labor for QC monitoring of their products and materials.

Shankar Ramanathan, CEO of Evlos, shared, “KMP’s money as well as its experience and extensive system in Malaysia, it serves as a bible to KMP’s faith in our possible, validating our difficult work. We are dedicated to promoting proper business growth and providing high-quality computer vision and robotics technology to help Malaysia’s manufacturing sector improve their quality control. We even look forward to providing more Business with our powerful solutions so they can grow their businesses without sacrificing quality. We are appreciative of KMP’s help, and we hope that additional money will help us advance.

Cedar Technologies Sdn Bhd was established in 2019 as Cedar Technologies Sdn Bhd, and it just received an Evlos Sdn Bhd rebrand in 2022.

Evlos creates its end-to-end solutions in-house, from designing to manufacturing to software using the Evlos Vision software, which is integrated with real-time analytics to investigate precise detection during the production of complex products. Evlos stands out in the market by providing top-of-the-line solutions without sacrificing value, along with its distinctive 24/7 sales support.

KMP is “excited to be supporting such an innovative business &nbsp, and to be a part of an organization leading the development of complete solutions for quality assessment technology across fields,” said Yarham Yunus, CEO of KMP. We are the only company in the market to provide a fully integrated in-house remedy for high-quality examination automation at a reasonable price, which is where we think Evlos has the potential to expand. Our goal is to enable the Evlos staff to grow alongside their company in the upcoming times.

With the global fault detection business projected to grow by 6.6 % Rate by 2027, Evlos says businesses are beginning to realize how defect detection can help reduce manufactured goods ‘ defects, resulting in a decrease in both costs and resources.

Evlos provides no-code, AI-powered system vision solutions with a large, comprehensive collection of tools for a variety of use cases appropriate for all industries.

Taiwan government to reject contested parliament reforms

By: Jing Write

On: May 29, 2024

In: Asia

Taiwan’s Cabinet will accept and return policy that the opposition approved on Tuesday ( May 28 ) regarding parliamentary reforms that have sparked protests and accusations of Chinese intervention. In light of concerns that China, which views Taiwan as its own country, is trying to influence the region’s politicians andContinue Reading

Deals ramp up in Asia’s healthcare space with cancer focus | FinanceAsia

By: Marcus Ching

On: May 28, 2024

In: Asia, Finance, South-East Asia

Over the past few weeks, there have been numerous new offers and advances in Asia’s tumor treatment.

This includes a $1.5 billion investment from UK-Swedish pharmaceutical giant AstraZeneca in Singapore, a listing on the Hong Kong Stock Exchange (HKEX) by a Chinese biopharmaceutical firm and an acquisition in Hong Kong by the New Frontier Group of the Hong Kong Integrated Oncology Center, a leading comprehensive private oncology medical platform.

AstraZeneca‘s investment was made in partnership with the Economic Development Board of Singapore, which is a department of trade and industry official, demonstrating that other institutions are discovering the potential for investment in this area.

Sunho Biologics ( China ), which is focused on the development and commercialization of biologics for the treatment of cancer and autoimmune diseases, was listed on the HKEX on May 24. The company’s shares, which had a last offer price of HK$ 13.5, increased 10 % on the day of the list, which is also a part of a wider pattern of more businesses looking to raise money via an IPO on the HKSE as the city’s market recovers from some very tough times.

The Nanjing City- based company, founded in 2018, offered 34.1518 million securities worldwide, with the Hong Kong government offering budgeting for 10 %, it was 10 times overstretched. CICC was the only sponsor, only general goordinator, only international coordinator, combined bookrunner and joint lead manager on the deal. The partnership between lovers Ke Geng and Ke Zhu was led by international laws company O’Melveny. It was O’Melveny’s sixteenth Hong Kong Investor completed for Chapter 18A biotechnology companies. &nbsp,

The offering size was approximately HK$ 460 million ( approximately$ 60 million ).

Garri Zmudze, public companion at venture capital firm LongeVC, told FinanceAsia:” Asia is a growing opportunity for life research businesses and investors equally, because the place presents a unique set of circumstances for development”.

Zmudze added:” The region’s potential is reflected in a&nbsp, flurry of deals in the cancer space in recent weeks”.

Next- generation cancer treatment

In recent years, cancer drugs have been quickly developing.

SunHo Biologics makes use of its understanding of immunology to create immunotherapies, including immunocytokines, to treat cancers and autoimmune diseases. It is in the middle of several trials, including Phase II of clinical trials for biliary tract carcinoma &nbsp, and colorectal cancer, and has three products it has developed in-house.

In order to increase the global supply of its ADC portfolio, AstraZeneca is building a manufacturing facility in Singapore for antibody drug conjugates ( ADCs ). In 2029, the manufacturing facility is expected to be operational.

ADCs&nbsp are the newest treatments that use targeted antibodies to deliver cancer-killing agents directly to cancer cells. The manufacturing of ADCs includes: antibody production, the synthesis of chemotherapy drug and linker, the conjugation of drug- linker to the antibody, and the filling of the completed ADC substance. &nbsp,

Unfortunately, one of the factors influencing the investment in Asia Pacific is that there has been a significant rise in cancer incidences overall.

Over 35 million new cancer cases are expected to occur in 2050, an increase from the 20 million expected in 2022, according to the World Health Organization. With 2.5 million new cases accounted for 12.4 % of the total new cases, lung cancer was the most prevalent cancer worldwide.

The most prevalent cancer in Asia is likely to be caused by persistent tobacco use, which is now known as lung cancer.

GBA

Greater Bay Area ( GBA ) is one of the areas where cancer investments are projected to increase.

The Hong Kong Integrated Oncology Center ( HKIOC ) was recently purchased by the healthcare company New Frontier Group. The HKIOC provies cancer treatment services, early diagnosis, radiotherapy, systemic treatments, mental health and other rehabilitation services.

The company New Frontier owns the HEAL Medical Group, the Guangzhou United Familty Hospital, and the New Frontier Shenzhen United Family Hospital, and it also sees a” sizeable and growing patient population in the Greater Bay Area.” Collectively, they are referred to as the New Frontier Greater Bay Area Healthcare.

Life and health technology will be a part of the Shenzhenh- Hong Kong Science and Technology Innovation Co-operation Zone, according to Hong Kong CEO John Lee at the Asia Summit on Global Health held in Hong Kong in May.

Lee stated that the government of Hong Kong SAR is also strengthening I&T support in the upstream, midstream, and downstream sectors to spur the development of life and health science. The 16 life and health- related R&amp, D ( research and development ) centres established in our InnoHK research clusters are yielding impressive research outcomes”.

He added that Hong Kong’s government has committed to investing an additional$ 1.3 billion to further advance life and health technology and welcomed international talent to the country to work in the field. &nbsp, &nbsp,

Other investors&nbsp, on the hunt

Private equity firms Carlyle and EQT recently closed large funds in Asia, which are, among other things, targeting Asian healthcare companies. Carlyle specifically targets Japanese companies after closing its most recent record buyout fund in the country.

In addition to Pureos BioVentures, there are a number of specialist, smaller investors in the industry who are looking to enter the market. LongeVC also looks at the wider “longevity” market and is backing “visionary biotech” in the US and markets like Japan. &nbsp,

Expect more money to be made in this area, which will hopefully result in many lives being saved. &nbsp,

EQT beats Asia mid-market growth fund target | FinanceAsia

By: Marcus Ching

On: May 28, 2024

In: Asia, Finance, South-East Asia

The total fund commitments for private equity firm EQT’s BPEA EQT Mid-Market Growth Partnership fund totaled$ 1.6 billion, more than twice the fund’s original target of$ 750 million.

The Asia- focused middle- business buyout fund, which had an original goal size of$ 750 million, closes with$ 1.6 billion in full fund commitments, of which$ 1.4 billion is fee- generating, according to a company statement.

The&nbsp, may focus on the technologfundy, services, and medical businesses across Asia, prioritising India, Southeast Asia, Japan and Australia. To date, it has invested in four things. &nbsp,

In 2024, practically$ 29 billion in total commitments have been raised by EQT’s personal capital strategies around the world.

The bank has a “diverse selection” of international investors, while existing investors in the lineup Asian huge- cover buyout funds made up over 80 % of the entire commitments, according to the statement. A” significant” unknown part of the agreements also came from EQT people, while the majority of the remaining agreements came from owners in other EQT cash, which were allocating to the Eastern system for the first time.

Following the$ 24 billion closing of EQT X in February and the$ 3 billion closing of EQT Future in March, the fund’s total commitments increased to nearly$ 29 billion in total after the fund closed.

” We have invested in Asia for the past three decades, and our large-cap platform is now fully developed and established.” We no longer had a dedicated pool of capital to invest in compelling mid-market companies, according to Jean Salata, chairman of EQT Asia and head of the EQT Private Capital Asia advisory team. &nbsp,

Companies (Page 195)