PM attends ASEAN Summits with partners

Prime Minister Pham Minh Chinh led a Vietnamese delegation to attend ASEAN Summits with partners like China, the Republic of Korea and the United Nations, within the framework of the 40th, 41st ASEAN Summits and related meetings in Phnom Penh, Cambodia on November 11.

 

Partners expressed their appreciation for ties with ASEAN and committed to promoting dialogues, cooperation and effective response to challenges, contributing to shaping an open, inclusive and transparent regional architecture, and upholding international law with ASEAN playing a central role.

 

During the 25th ASEAN-China Summit, ASEAN leaders and Chinese Premier Li Keqiang hailed the establishment of bilateral comprehensive strategic partnership in late 2021 as an important milestone in the development history of their ties.

 

Describing ASEAN as a high priority in China’s neighbourhood policy, Li reaffirmed respect for ASEAN’s central role in regional architecture and wished to effectively realise the newly-established comprehensive strategic partnership with the bloc. He vowed to assist ASEAN in building the Community and upholding its role in regional and global forums.

 

ASEAN and China remain the top trade partners of each other with two-way trade hitting 669 billion USD and China’s foreign direct investment (FDI) into ASEAN reaching 13.6 billion USD last year. Both sides agreed to soon reopen the markets, resume economic, trade and investment exchanges, stabilise the connection of supply chains, help businesses access each other’s market, step up talks to upgrade the ASEAN-China Free Trade Area and effectively carry out the Regional Comprehensive Partnership (RCEP) to bringing practical benefits to residents and businesses.

 

ASEAN proposed China expand coordination in digital transformation, digital economy, climate change response, energy transition, green and sustainable development. The bloc also wished China to continue narrowing the development gap and develop sub-regions, including the Mekong sub-region.

 

In his speech, PM Chinh suggested both sides jointly boost trade and investment, open the economies in which China continues to expand the import of Vietnamese goods and farm produce as well as those of ASEAN countries that transit through Vietnam, further facilitate customs clearance and ensure smooth trade in any situation, promote the diversification of modes of freight transport by road, rail, sea and air, contributing to stabilising supply and production chains and propelling a balanced and sustainable trade.

 

ASEAN and China need to coordinate to ensure recovery towards sustainable development, including expanding cooperation in green development, environment protection; improving the biodiversity, stability and sustainability of ecosystem, and climate change response, he said.

 

Concluding the event, both sides adopted the Statement commemorating the 20th anniversary of the Declaration on the Conduct of Parties in the East Sea (DOC), the Joint Statement on enhancing common and sustainable development, and another on cooperation in food security.

 

PM attends ASEAN Summits with partners hinh anh 2

 

At the 23rd ASEAN-RoK Summit (Photo: VNA)

 

Addressing the 23rd ASEAN-RoK Summit, PM Chinh suggested the two sides fully restore cooperation towards sustainable development to bring practical benefits to the two peoples, focusing on healthcare, people-to-people exchange, tourism, human resources development, technology, digital transformation, disaster management, climate change response, green growth while ensuring benefits of citizens living and working in each side.

 

He urged ASEAN and the RoK to make it easier for their businesses to access markets, facilitate the export of agricultural and aquatic products, seafood, fruits from ASEAN countries, including Vietnam, to the RoK, create favourable conditions for ASEAN enterprises to join the RoK’s regional and global supply chains, and at the same time stepping up Mekong sub-region collaboration via the Mekong-RoK Partnership framework.

 

Amid increasingly complex and uncertain developments in the region and the world, the Vietnamese PM suggested both sides work closely together to accelerate dialogues, cooperation, trust building, and make responsible contributions to coping with regional security challenges such as the East Sea and the Korean Peninsula.

 

On the occasion, he thanked the RoK and ASEAN member states for supporting Vietnam’s initiative to hold “RoK Day in ASEAN” in Vietnam next year, toward the 35th anniversary of ASEAN-RoK ties in 2024.

 

RoK President Yoon Suk-yeol introduced the RoK’s strategic framework for a free, peaceful and prosperous Indo-Pacific region, and wished to partner with ASEAN to implement the ASEAN Outlook on the Indo-Pacific (AOIP) through practical cooperation programmes and activities.

 

The RoK is now ASEAN’s the fifth largest trading partner and fifth biggest foreign direct investor. Two-way trade hit nearly 189.5 billion USD and the RoK’s FDI in ASEAN reached 7.1 billion USD last year. About 1.82 million Koreans visited ASEAN member states in 2021.

 

Both sides vowed to enhance cooperation in response to emerging non-traditional security challenges such as terrorism, transnational and cyber crimes, maritime security cooperation; promote trade and support businesses and start-ups, cultural exchange, education, tourism; expanding priority to  cooperation in energy transformation, smart city development, digital transformation, digital economy, green development and climate change response, in order to upgrade bilateral partnership in the future.

 

PM attends ASEAN Summits with partners hinh anh 3

 

At the ASEAN-UN Summit (Photo: VNA)

 

In his speech to the ASEAN-UN Summit, PM Chinh proposed both sides work closely together to boost peace values, strengthen dialogues, cooperation, trust building and law respecting, speed up socio-economic recovery and development efforts, settle regional and global challenges towards green and sustainable development, ensure balance and harmony between economic and socio-cultural development, and narrow development gap and develop sub-regions, including the Mekong sub-region, inclusive growth and even development.

 

On the occasion, the PM asked the UN to help Vietnam access financial resources, technology, human resource training, national governance, and technical expertise to effectively and responsibly deliver on its climate change commitments, ensure fair energy transition, contributing to mitigating negative impacts on workers, the poor and vulnerable groups.

 

Vietnam will make active, proactive and responsible contributions to the UN’s common work and strive to fulfil its responsibility as a member of the UN Human Rights Council for the 2023-2025 tenure, he said.

 

ASEAN and the UN pledged to strengthen coordination to effectively implement the Roadmap for Mutual Assistance for the ASEAN Community Vision 2025 and the UN Agenda for Sustainable Development till 2030.

 

On regional and global issues at summits, PM Chinh and leaders of partners underscored the importance of maintaining an environment of peace, security and stability in the region, including the East Sea which is a common concern and interest of countries.

 

Accordingly, ASEAN asked partners to back its principle stance on the East Sea issue as well as efforts to build an effective and substantive Code of Conduct in the East Sea (COC) in accordance with international law and the 1982 United Nations Convention on the Law of the Sea (UNCLOS), towards building the East Sea into a water of peace, stability, cooperation and sustainable development.

 

Partners vowed to continue supporting ASEAN’s role and efforts in promoting dialogues and reconciliation, assisting Myanmar in seek solutions to stabilising the situation.

 

Expressing concern over the recent developments on the Korean Peninsula, ASEAN expressed support for efforts to promote peace, stability and complete denuclearisation of the Korean Peninsula. The block affirmed its readiness to play a constructive role and facilitate dialogues among stakeholders in mechanisms chaired by ASEAN./.

 

Source: Vietnam News Agency

 

OKX announces that it is a key sponsor of Abu Dhabi Finance Week

VICTORIA, Seychelles, Nov. 11, 2022 (GLOBE NEWSWIRE) — OKX, the world-leading cryptocurrency exchange, is proud to announce that it is a Support Partner of Abu Dhabi Finance Week.

Taking place from November 14 to November 18 at the Abu Dhabi Global Market (ADGM) the international financial centre of the UAE’s capital, Abu Dhabi Finance Week is one of the world’s premier financial gatherings, bringing together industry leaders, financial institutions, investors, and regulators from all over the globe. During this gathering, the discussions will be exploring the intersection between finance and technology, as well as fintech issues such the role of regulators in responding to innovation, the effect of the metaverse on fintech companies, and artificial intelligence in fintech.

Haider Rafique, Chief Marketing Officer, OKX, said, “The United Arab Emirates is a world leader in nurturing and harnessing the enormous economic power that fintech provides. They have been excellent partners in our mission to build an innovative and responsible cryptocurrency exchange. We are proud to be a Support Partner for this gathering of fintech luminaries in the Emirates, and we are looking forward to seeing what food for thought these brilliant minds will provide to fintech stakeholders worldwide.”

In addition to OKX’s sponsorship of Abu Dhabi Finance Week, Haider will take part in a panel discussion at the event with Zak Brown, the CEO of OKX’s partner McLaren Racing. Hadley Gamble will serve as moderator, and the panelists will discuss the impact that Web3 and crypto is having on the global sports business.

As part of OKX’s goal to build the world’s most beloved crypto brand, the company will continue to sponsor and participate in important fintech gatherings and events throughout the globe that will help deepen its relationships with a broad range of users and industry contributors.

For more information on OKX, please visit OKX.com.

To find out more on Abu Dhabi Finance Week, check out www.adgm.com.

For further information, please contact:
Media@okx.com

About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

About Abu Dhabi Finance Week
Abu Dhabi Finance Week is a week-long engagement addressing a spectrum of economic issues: financial technology & innovation, startups & enterprise, venture funding & investment, asset management & capital markets, economic policy & regulation.

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AKWEL: TURNOVER INCREASES 5.7% IN THE FIRST NINE MONTHS OF 2022

        Thursday 10 November 2022

TURNOVER INCREASES 5.7% IN THE FIRST NINE MONTHS OF 2022

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid and mechanism management and structural parts for electric vehicles, posted consolidated revenue of €739.2m at 30 September 2022, up by +5.7% compared to 2021.

Consolidated turnover (1 January to 30 September 2022)

In € millions – unaudited 2022 2021 Variation Like-for-like variation (1)
1st quarter 245.8 273.3 -10.1% -4.4%
2nd quarter 242.3 214.3 +13.1% +16.9%
3rd quarter 251.1 211.5 +18.7% +22.3%
Total for 9 months 739.2 699.1 +5.7% +10.2%

(1)   Comparing like-for-like figures.

In the third quarter of 2022, AKWEL posted a consolidated turnover of €251.1m, up by +18.7% on the previous year when comparing figures and by +22.3% when taking exchange rates and scope as constants. In a still difficult market context, the group has confirmed the gradual recovery in its activity, but it is still down -3.3% compared to the third quarter of 2019, before the health crisis.

In nine months of the financial year, AKWEL’s turnover increased by +10.2% when taking exchange rates and scope as constants.

Over nine months, turnover from Products and Functions increased by 6.2% to €714.4m, with performance particularly driven by Cooling (+13.4%), Washing (+8.5%) and Air (+6.9%).

Free cash-flow generation was €6.6m in the third quarter, giving the group €112.6m in net cash (excluding debt on rental obligations), an increase of €14.3m over nine months.

AKWEL confirms its expectation of moderate revenue growth for the year 2022. The ongoing supply difficulties and inflation of operating costs, which is difficult to pass on in the short term, will, as announced, lead to a significant fall in the group’s annual current operating income.

An independent, family-owned group listed on the Euronext Paris Stock Exchange, AKWEL is an automotive and HGV equipment and systems manufacturer specialising in fluid management, mechanisms, and structural components for electric vehicles. The Group achieves this by relying on state-of-the-art industrial and technological expertise in applying and processing materials (plastics, rubber, metal) and mechatronic integration.

Operating in 20 countries across every continent, AKWEL employs 10,000 people worldwide.

Euronext Paris – Compartment B – ISIN: FR0000053027 – Reuters: AKW.PA – Bloomberg: AKW:FP

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Hexagon Unveils Decarbonisation Confidence Index Research Report for Asia-Pacific

Decarbonisation Confidence

Decarbonisation Confidence

SYDNEY, Nov. 10, 2022 (GLOBE NEWSWIRE) — Hexagon’s Asset Lifecycle Intelligence division announced the release of the Decarbonisation Confidence Index Research report for the Asia-Pacific region.

Vital and heavy industries including oil & gas, chemicals, power, construction and infrastructure, face enormous pressure to demonstrate meaningful decarbonising action. The report covers the constraints and opportunities for organisations to fulfil their ESG/sustainability commitments.

The Decarbonisation Confidence Index Research report is a confidence index as a leading indicator to action rather than a sustainability report calling for net zero. It is a reality check on the thought leaders trailblazing on the question of “How” when it comes to decarbonisation efforts.

Hexagon conducted qualitative and quantitative research as part of its findings, engaging with 112 senior leaders across six markets — Australia and New Zealand, Indonesia, Japan, Malaysia, Singapore, and South Korea — in the Asia-Pacific region. The report focuses on six priority areas of investigation, which collectively represent the scope of sentiment:

  • Regulation & Legislation
  • Partnership
  • Technologies
  • Talent
  • Capital
  • Operational Excellence

The research reveals that APAC industry leaders proactively spearhead innovation through investment in technologies, asset development, and distribution infrastructure at an accelerated speed. However, adopting new or emerging technologies, access to capital investments, compliance with future regulatory policy and talent is challenging velocities toward net zero. At the same time, there was a variation of sentiment across markets, the three areas where confidence was consistently lacking related to market regulation, new technologies, and access to talent.

“Sustainability is a priority for Hexagon and an integral part of our strategy and how we conduct business globally,” said Fabio Yada, Senior Vice President, Asia-Pacific at Hexagon’s Asset Lifecycle Intelligence division. “We recognize that decarbonisation is a complex process with many factors involved. It takes time and won’t happen overnight; however, there is clear momentum behind the sustainability transformation, and this report highlights the desire by Asia-Pacific companies to accelerate their decarbonisation efforts.”

“The pace of transition toward the green economy has really picked up since the ‘trifecta of tragedy’ in the bushfires, floods and COVID-19 in Australia. As a result, we have seen a boom in renewable energy, green steel, green building and architecture, and renewable transport. Plus the potential of green hydrogen ‘exporting sunshine.’ Australian exporters are keen to put the green in the green and gold,” said Tim Harcourt, the author of The Airport Economist and Industry Professor and Chief Economist, Institute for Public Policy and Governance (IPPG), University of Technology Sydney (UTS) Bosch Siemens Hausgeräte (BSH).

Hexagon believes in a world where economic growth does not come at the expense of the planet and its people and that our company should drive sustainability efforts in every aspect of business. At the very core is a powerful vision of a future where data is fully leveraged so that business, industry, and humanity sustainably thrive.

When it comes to sustainability, Hexagon maintains every bit counts — and that sustained profits and a sustainable planet are attainable. Sustainability is a by-product of what Hexagon delivers to customers. Whether it be to minimise waste on asset-intensive projects, reduce risk, prevent incidents or optimally design, plan, build and operate infrastructure or industrial facilities.

For further information, please contact:

Fabio Yada, Senior Vice President, APAC
Hexagon’s Asset Lifecycle Intelligence division
Tel: +61 07 3510 8901
Email: Fabio.Yada@hexagon.com

Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.

Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous — ensuring a scalable, sustainable future.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 23,000 employees in 50 countries and net sales of approximately 4,3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Contact Information:
Kamles Kumar
Edelman Public Relations Worldwide Sdn Bhd
kamles.kumar@edelman.com
(+603) 2287 8689

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GA-ASI, SES and Hughes Team Up to Demonstrate NextGen SATCOM on MQ-9B SkyGuardian

Higher Data Rates Increase Security and Robustness for RPA

Featured Image for General Atomics Aeronautical Systems, Inc.

Featured Image for General Atomics Aeronautical Systems, Inc.

SAN DIEGO, Nov. 10, 2022 (GLOBE NEWSWIRE) — General Atomics Aeronautical Systems, Inc. (GA-ASI), SES and Hughes Network Systems (HUGHES) worked together to successfully demonstrate multi-orbit satellite communications (SATCOM) using a GA-ASI-supplied MQ-9B SkyGuardian® Remotely Piloted Aircraft (RPA). The demonstration took place on Oct. 20, 2022, at GA-ASI’s Desert Horizon flight operations facility in El Mirage, Calif. The higher data rate SATCOM transmission featured SES’s multi-orbit satellite communications service leveraging high-throughput, low-latency Medium Earth Orbit (MEO), and Geostationary (GEO) fleet, and was powered by a Hughes HM series software-defined modem and Hughes Resource Management System.

“This demonstration proves the importance of next-generation SATCOM for operators of our aircraft,” said GA-ASI Senior Vice President for MQ-9 Systems, Fred Darlington. “As we expand into new and more intricate payloads for our RPA, we’ll require higher data rates that provide the bandwidth, security and robustness to operate our sensors.”

The demonstration used SES’s O3b MEO system that provides fiber-like carrier-grade performance, scalability, and resilience that set the path to widely leveraging open architectures and achieving network sovereignty. SES’s multi-orbit fleet that delivers global coverage, high-throughput, low-latency and increased levels of security, was leveraged to show how unmanned aircraft, such as the GA-ASI MQ-9 series, can maintain high-workload, mission-critical connectivity and resiliency, even in contested environments. During the demonstration, the connectivity service seamlessly roamed between O3b MEO and AMC-15 GEO satellites. Later this year, SES will be launching its second-generation MEO system, O3b mPOWER, to further support governments through unprecedented performance, waveform-agnostic service and enabling network sovereignty.

“We are very proud of our partnership developed over the years between SES, GA-ASI and their government customers. Innovation is the key in supporting transformational changes in the ISR services, and this demonstration is one more example of how the industry can work together to bring something special to market,” said Will Tong, Vice President of Strategic Government Initiatives and head of the Aero ISR market at SES. “Together with GA-ASI, we were able to prove out new levels of secure, flexible and high-performance multi-orbit services for ISR, with 10x performance on a significantly smaller form factor, with increased resiliency and security for the end users.”

Integrated onto the MQ-9B, the milspec Hughes HM System modem (HM400) powered the MEO and GEO SATCOM with Low-Probability of Intercept/Low Probability of Detection (LPI/LPD) modes for the resiliency necessary in congested and contested environments. Together with the Hughes Resource Management System, the HM400 automatically optimized and switched satellite signals smoothly and within seconds, demonstrating a near real-time capability that enhances the military’s Primary Alternative Contingency Emergency (PACE) planning.

“Working together with General Atomics for many years, we are pleased to support the MQ-9B program with the commercially based Hughes HM400 modem integrated as the standard for real-time communications for beyond line of sight mission opportunities,” said Rick Lober, Vice President and General Manager, Hughes Defense. “Combined with the Hughes Resource Management System, the frequency-agnostic, open architecture HM System helps GA-ASI meet their military customer’s requirements for uninterrupted, high data rate, multi-orbit SATCOM, ensuring secure information accessibility for the right people at the right time.”

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a leading designer and manufacturer of proven, reliable Remotely Piloted Aircraft (RPA) systems, radars, and electro-optic and related mission systems, including the Predator® RPA series and the Lynx® Multi-mode Radar. With more than seven million flight hours, GA-ASI provides long-endurance, mission-capable aircraft with integrated sensor and data link systems required to deliver persistent flight that enables situational awareness and rapid strike. The company also produces a variety of ground control stations and sensor control/image analysis software, offers pilot training and support services, and develops meta-material antennas. For more information, visit www.ga-asi.com.

Avenger, Lynx, Predator SeaGuardian and SkyGuardian are registered trademarks of General Atomics Aeronautical Systems, Inc.

About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries ~8,000 channels and has an unparalleled reach of 366 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.

About Hughes Network Systems

Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments and communities worldwide. The Hughes flagship Internet service, HughesNet®, connects millions of subscribers across the Americas, and the Hughes JUPITER™ System powers internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, in-flight service providers, mobile network operators and military customers. A managed network services provider, Hughes supports nearly 500,000 enterprise sites with its HughesON™ portfolio of wired and wireless solutions. Headquartered in Germantown, Maryland, USA, Hughes is owned by EchoStar. To learn more, visit www.hughes.com or follow HughesConnects on Twitter and LinkedIn.

About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit www.echostar.com. Follow @EchoStar on Twitter.

©2022 Hughes Network Systems, LLC, an EchoStar company. Hughes and HughesNet are registered trademarks and JUPITER is a trademark of Hughes Network Systems, LLC.

Contact Information:
GA-ASI Media Relations
GA-ASI Media Relations
asi-mediarelations@ga-asi.com
+1 (858) 524-8101

Sharyn Nerenberg
Media Contact, Hughes Network Systems
sharyn.nerenberg@hughes.com
(301) 428-7124

Susan Ong
External Communications, SES
suzanne.ong@ses.com
+352 710 725 500

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